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Guarantor/Non-Guarantor Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2018
Guarantor/Non-Guarantor Financial Information |
Schedule of Supplemental Condensed Consolidating Statements of Operations | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Income and Comprehensive Income Year Ended December 31, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 2,000.9 |  |  | $ | 800.5 |  |  | $ | (98.5 | ) |  | $ | 2,702.9 |
Cost of sales | — |  |  | 1,208.3 |  |  | 464.3 |  |  | (90.4 | ) |  | 1,582.2 |
Gross profit | — |  |  | 792.6 |  |  | 336.2 |  |  | (8.1 | ) |  | 1,120.7 |
Selling and marketing expenses | 8.4 |  |  | 392.0 |  |  | 199.8 |  |  | (12.4 | ) |  | 587.8 |
General, administrative and other expenses | 17.8 |  |  | 225.8 |  |  | 57.4 |  |  | (6.8 | ) |  | 294.2 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (17.6 | ) |  | — |  |  | (17.6 | )
Operating (loss) income | (26.2 | ) |  | 174.8 |  |  | 96.6 |  |  | 11.1 |  |  | 256.3 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 59.2 |  |  | 30.2 |  |  | 4.6 |  |  | (1.7 | ) |  | 92.3 |
Intercompany interest (income) expense, net | (6.9 | ) |  | 10.8 |  |  | (3.9 | ) |  | — |  |  | — |
Interest expense, net | 52.3 |  |  | 41.0 |  |  | 0.7 |  |  | (1.7 | ) |  | 92.3 |
Other (income) expense, net | — |  |  | (9.9 | ) |  | 13.9 |  |  | (5.0 | ) |  | (1.0 | )
Total other expense, net | 52.3 |  |  | 31.1 |  |  | 14.6 |  |  | (6.7 | ) |  | 91.3 |
Income from equity investees | 162.0 |  |  | 26.6 |  |  | — |  |  | (188.6 | ) |  | — |
Income from continuing operations before income taxes | 83.5 |  |  | 170.3 |  |  | 82.0 |  |  | (170.8 | ) |  | 165.0 |
Income tax benefit (provision) | 14.1 |  |  | (8.3 | ) |  | (55.4 | ) |  | — |  |  | (49.6 | )
Income from continuing operations | 97.6 |  |  | 162.0 |  |  | 26.6 |  |  | (170.8 | ) |  | 115.4 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (17.8 | ) |  | (17.8 | )
Net income before non-controlling interests | 97.6 |  |  | 162.0 |  |  | 26.6 |  |  | (188.6 | ) |  | 97.6 |
Less: Net loss attributable to non-controlling interest | (2.9 | ) |  | (2.6 | ) |  | (0.3 | ) |  | 2.9 |  |  | (2.9 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 100.5 |  |  | $ | 164.6 |  |  | $ | 26.9 |  |  | $ | (191.5 | ) |  | $ | 100.5 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 80.7 |  |  | $ | 164.2 |  |  | $ | 7.5 |  |  | $ | (171.7 | ) |  | $ | 80.7 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Income and Comprehensive Income Year Ended December 31, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 1,961.2 |  |  | $ | 862.5 |  |  | $ | (123.1 | ) |  | $ | 2,700.6 |
Cost of sales | — |  |  | 1,185.4 |  |  | 497.6 |  |  | (103.4 | ) |  | 1,579.6 |
Gross profit | — |  |  | 775.8 |  |  | 364.9 |  |  | (19.7 | ) |  | 1,121.0 |
Selling and marketing expenses | 5.6 |  |  | 406.8 |  |  | 188.9 |  |  | (15.2 | ) |  | 586.1 |
General, administrative and other expenses | 17.5 |  |  | 176.6 |  |  | 78.9 |  |  | (11.6 | ) |  | 261.4 |
Customer termination charges, net | (8.4 | ) |  | 21.7 |  |  | 1.1 |  |  | — |  |  | 14.4 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (15.6 | ) |  | — |  |  | (15.6 | )
Royalty income, net of royalty expense | — |  |  | (20.8 | ) |  | — |  |  | — |  |  | (20.8 | )
Operating (loss) income | (14.7 | ) |  | 191.5 |  |  | 111.6 |  |  | 7.1 |  |  | 295.5 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 59.6 |  |  | 26.0 |  |  | 22.4 |  |  | (20.7 | ) |  | 87.3 |
Intercompany interest (income) expense, net | (4.7 | ) |  | 8.3 |  |  | (3.6 | ) |  | — |  |  | — |
Interest expense, net | 54.9 |  |  | 34.3 |  |  | 18.8 |  |  | (20.7 | ) |  | 87.3 |
Other (income) expense, net | — |  |  | (17.2 | ) |  | 9.2 |  |  | 0.8 |  |  | (7.2 | )
Total other expense, net | 54.9 |  |  | 17.1 |  |  | 28.0 |  |  | (19.9 | ) |  | 80.1 |
Income from equity investees | 193.1 |  |  | 51.3 |  |  | — |  |  | (244.4 | ) |  | — |
Income from continuing operations before income taxes | 123.5 |  |  | 225.7 |  |  | 83.6 |  |  | (217.4 | ) |  | 215.4 |
Income tax benefit (provision) | 17.2 |  |  | (32.6 | ) |  | (32.3 | ) |  | 3.9 |  |  | (43.8 | )
Income from continuing operations | 140.7 |  |  | 193.1 |  |  | 51.3 |  |  | (213.5 | ) |  | 171.6 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (30.9 | ) |  | (30.9 | )
Net income before non-controlling interests | 140.7 |  |  | 193.1 |  |  | 51.3 |  |  | (244.4 | ) |  | 140.7 |
Less: Net loss attributable to non-controlling interests | (10.7 | ) |  | (5.2 | ) |  | (5.5 | ) |  | 10.7 |  |  | (10.7 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 151.4 |  |  | $ | 198.3 |  |  | $ | 56.8 |  |  | $ | (255.1 | ) |  | $ | 151.4 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 179.4 |  |  | $ | 193.0 |  |  | $ | 89.9 |  |  | $ | (282.9 | ) |  | $ | 179.4 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Income and Comprehensive Income Year Ended December 31, 2016 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 2,355.9 |  |  | $ | 837.6 |  |  | $ | (113.8 | ) |  | $ | 3,079.7 |
Cost of sales | — |  |  | 1,409.4 |  |  | 476.6 |  |  | (95.8 | ) |  | 1,790.2 |
Gross profit | — |  |  | 946.5 |  |  | 361.0 |  |  | (18.0 | ) |  | 1,289.5 |
Selling and marketing expenses | 2.9 |  |  | 458.6 |  |  | 187.0 |  |  | (13.0 | ) |  | 635.5 |
General, administrative and other expenses | 14.8 |  |  | 186.8 |  |  | 79.8 |  |  | (8.0 | ) |  | 273.4 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (13.3 | ) |  | — |  |  | (13.3 | )
Royalty income, net of royalty expense | — |  |  | (19.5 | ) |  | — |  |  | — |  |  | (19.5 | )
Operating (loss) income | (17.7 | ) |  | 320.6 |  |  | 107.5 |  |  | 3.0 |  |  | 413.4 |
Other expense, net: |  |  |  |  |  |  |  |  |
Third party interest expense, net | 66.0 |  |  | 15.4 |  |  | 10.2 |  |  | (8.7 | ) |  | 82.9 |
Intercompany interest (income) expense, net | (4.1 | ) |  | (0.1 | ) |  | 4.2 |  |  | — |  |  | — |
Interest expense, net | 61.9 |  |  | 15.3 |  |  | 14.4 |  |  | (8.7 | ) |  | 82.9 |
Loss on extinguishment of debt | 34.3 |  |  | 12.9 |  |  | — |  |  | — |  |  | 47.2 |
Other (income) expense, net | — |  |  | (1.4 | ) |  | 1.2 |  |  | (0.1 | ) |  | (0.3 | )
Total other expense, net | 96.2 |  |  | 26.8 |  |  | 15.6 |  |  | (8.8 | ) |  | 129.8 |
Income from equity investees | 260.1 |  |  | 65.3 |  |  | — |  |  | (325.4 | ) |  | — |
Income from continuing operations before income taxes | 146.2 |  |  | 359.1 |  |  | 91.9 |  |  | (313.6 | ) |  | 283.6 |
Income tax benefit (provision) | 38.8 |  |  | (99.0 | ) |  | (26.6 | ) |  | 0.5 |  |  | (86.3 | )
Income from continuing operations | 185.0 |  |  | 260.1 |  |  | 65.3 |  |  | (313.1 | ) |  | 197.3 |
Loss from discontinued operations | — |  |  | — |  |  | — |  |  | (12.3 | ) |  | (12.3 | )
Net income before non-controlling interests | 185.0 |  |  | 260.1 |  |  | 65.3 |  |  | (325.4 | ) |  | 185.0 |
Less: Net income attributable to non-controlling interests | (5.6 | ) |  | — |  |  | (5.6 | ) |  | 5.6 |  |  | (5.6 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 190.6 |  |  | $ | 260.1 |  |  | $ | 70.9 |  |  | $ | (331.0 | ) |  | $ | 190.6 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 183.5 |  |  | $ | 260.4 |  |  | $ | 63.5 |  |  | $ | (323.9 | ) |  | $ | 183.5 |
Schedule of Supplemental Condensed Consolidating Balance Sheets | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Balance Sheets December 31, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 0.1 |  |  | $ | 6.2 |  |  | $ | 39.5 |  |  | $ | — |  |  | $ | 45.8 |
Accounts receivable, net | — |  |  | 15.2 |  |  | 303.3 |  |  | 3.0 |  |  | 321.5 |
Inventories | — |  |  | 159.4 |  |  | 62.9 |  |  | — |  |  | 222.3 |
Prepaid expenses and other current assets | 276.9 |  |  | 65.4 |  |  | 148.1 |  |  | (274.6 | ) |  | 215.8 |
Total Current Assets | 277.0 |  |  | 246.2 |  |  | 553.8 |  |  | (271.6 | ) |  | 805.4 |
Property, plant and equipment, net | — |  |  | 350.7 |  |  | 70.1 |  |  | — |  |  | 420.8 |
Goodwill | — |  |  | 508.8 |  |  | 214.2 |  |  | — |  |  | 723.0 |
Other intangible assets, net | — |  |  | 572.7 |  |  | 76.6 |  |  | — |  |  | 649.3 |
Deferred income taxes | 15.0 |  |  | — |  |  | 22.6 |  |  | (15.0 | ) |  | 22.6 |
Other non-current assets | — |  |  | 49.2 |  |  | 45.1 |  |  | — |  |  | 94.3 |
Net investment in subsidiaries | 661.7 |  |  | 210.0 |  |  | — |  |  | (871.7 | ) |  | — |
Due from affiliates | 422.1 |  |  | 153.8 |  |  | 15.4 |  |  | (591.3 | ) |  | — |
Total Assets | $ | 1,375.8 |  |  | $ | 2,091.4 |  |  | $ | 997.8 |  |  | $ | (1,749.6 | ) |  | $ | 2,715.4 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 186.7 |  |  | $ | 63.3 |  |  | $ | 3.0 |  |  | $ | 253.0 |
Accrued expenses and other current liabilities | 6.7 |  |  | 143.9 |  |  | 208.6 |  |  | — |  |  | 359.2 |
Income taxes payable | — |  |  | 274.7 |  |  | 9.6 |  |  | (274.6 | ) |  | 9.7 |
Current portion of long-term debt | — |  |  | 44.0 |  |  | 3.1 |  |  | — |  |  | 47.1 |
Total Current Liabilities | 6.7 |  |  | 649.3 |  |  | 284.6 |  |  | (271.6 | ) |  | 669.0 |
Long-term debt, net | 1,043.0 |  |  | 547.1 |  |  | 9.0 |  |  | — |  |  | 1,599.1 |
Deferred income taxes | — |  |  | 118.0 |  |  | 14.5 |  |  | (15.0 | ) |  | 117.5 |
Other non-current liabilities | 1.9 |  |  | 58.2 |  |  | 52.2 |  |  | — |  |  | 112.3 |
Due to affiliates | 106.7 |  |  | 57.1 |  |  | 427.5 |  |  | (591.3 | ) |  | — |
Total Liabilities | 1,158.3 |  |  | 1,429.7 |  |  | 787.8 |  |  | (877.9 | ) |  | 2,497.9 |
Total Stockholder's Equity | 217.5 |  |  | 661.7 |  |  | 210.0 |  |  | (871.7 | ) |  | 217.5 |
Total Liabilities and Stockholders’ Equity | $ | 1,375.8 |  |  | $ | 2,091.4 |  |  | $ | 997.8 |  |  | $ | (1,749.6 | ) |  | $ | 2,715.4 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Balance Sheets December 31, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 0.1 |  |  | $ | 12.3 |  |  | $ | 29.5 |  |  | $ | (0.8 | ) |  | $ | 41.1 |
Accounts receivable, net | — |  |  | 5.1 |  |  | 322.2 |  |  | (16.5 | ) |  | 310.8 |
Inventories | — |  |  | 103.4 |  |  | 79.6 |  |  | (3.9 | ) |  | 179.1 |
Prepaid expenses and other current assets | 261.0 |  |  | 50.6 |  |  | 13.4 |  |  | (261.6 | ) |  | 63.4 |
Current assets of discontinued operations | — |  |  | — |  |  | — |  |  | 13.0 |  |  | 13.0 |
Total Current Assets | 261.1 |  |  | 171.4 |  |  | 444.7 |  |  | (269.8 | ) |  | 607.4 |
Property, plant and equipment, net | — |  |  | 360.4 |  |  | 74.7 |  |  | (1.6 | ) |  | 433.5 |
Goodwill | — |  |  | 507.6 |  |  | 225.5 |  |  | (0.4 | ) |  | 732.7 |
Other intangible assets, net | — |  |  | 577.5 |  |  | 89.9 |  |  | (0.3 | ) |  | 667.1 |
Deferred income taxes | 11.8 |  |  | — |  |  | 23.6 |  |  | (12.0 | ) |  | 23.4 |
Other non-current assets | — |  |  | 47.2 |  |  | 180.2 |  |  | (0.1 | ) |  | 227.3 |
Net investment in subsidiaries | 2,381.0 |  |  | 127.7 |  |  | — |  |  | (2,508.7 | ) |  | — |
Due from affiliates | 87.2 |  |  | 1,975.9 |  |  | 15.6 |  |  | (2,078.7 | ) |  | — |
Non-current assets of discontinued operations | — |  |  | — |  |  | — |  |  | 2.6 |  |  | 2.6 |
Total Assets | $ | 2,741.1 |  |  | $ | 3,767.7 |  |  | $ | 1,054.2 |  |  | $ | (4,869.0 | ) |  | $ | 2,694.0 |
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 174.6 |  |  | $ | 76.2 |  |  | $ | (22.5 | ) |  | $ | 228.3 |
Accrued expenses and other current liabilities | 7.6 |  |  | 144.2 |  |  | 82.4 |  |  | (11.9 | ) |  | 222.3 |
Income taxes payable | — |  |  | 279.3 |  |  | 10.0 |  |  | (261.1 | ) |  | 28.2 |
Current portion of long-term debt | — |  |  | 35.7 |  |  | 36.7 |  |  | — |  |  | 72.4 |
Current liabilities of discontinued operations | — |  |  | — |  |  | — |  |  | 25.7 |  |  | 25.7 |
Total Current Liabilities | 7.6 |  |  | 633.8 |  |  | 205.3 |  |  | (269.8 | ) |  | 576.9 |
Long-term debt, net | 1,041.6 |  |  | 589.4 |  |  | 49.7 |  |  | — |  |  | 1,680.7 |
Deferred income taxes | — |  |  | 107.8 |  |  | 18.3 |  |  | (11.8 | ) |  | 114.3 |
Other non-current liabilities | — |  |  | 55.2 |  |  | 152.2 |  |  | (1.3 | ) |  | 206.1 |
Due to affiliates | 1,577.2 |  |  | 0.5 |  |  | 501.0 |  |  | (2,078.7 | ) |  | — |
Non-current liabilities of discontinued operations | — |  |  | — |  |  | — |  |  | 1.3 |  |  | 1.3 |
Total Liabilities | 2,626.4 |  |  | 1,386.7 |  |  | 926.5 |  |  | (2,360.3 | ) |  | 2,579.3 |
Redeemable non-controlling interest | 2.2 |  |  | — |  |  | 2.2 |  |  | (2.2 | ) |  | 2.2 |
Total Stockholders’ Equity | 112.5 |  |  | 2,381.0 |  |  | 125.5 |  |  | (2,506.5 | ) |  | 112.5 |
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity | $ | 2,741.1 |  |  | $ | 3,767.7 |  |  | $ | 1,054.2 |  |  | $ | (4,869.0 | ) |  | $ | 2,694.0 |
Schedule of Supplemental Condensed Consolidating Statements of Cash Flows | TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net cash (used in) provided by operating activities from continuing operations | $ | (55.8 | ) |  | $ | 166.6 |  |  | $ | 72.3 |  |  | $ | 24.4 |  |  | $ | 207.5 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (75.8 | ) |  | 75.8 |  |  | — |  |  | — |
Purchases of property, plant and equipment | — |  |  | (58.8 | ) |  | (15.3 | ) |  | 0.5 |  |  | (73.6 | )
Other | — |  |  | 0.1 |  |  | 4.9 |  |  | (2.6 | ) |  | 2.4 |
Net cash (used in) provided by investing activities from continuing operations | — |  |  | (134.5 | ) |  | 65.4 |  |  | (2.1 | ) |  | (71.2 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 414.0 |  |  | 680.9 |  |  | — |  |  | 1,094.9 |
Repayments of borrowings under long-term debt obligations | — |  |  | (444.0 | ) |  | (751.8 | ) |  | — |  |  | (1,195.8 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 55.8 |  |  | (3.0 | ) |  | (52.8 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 4.6 |  |  | — |  |  | — |  |  | — |  |  | 4.6 |
Treasury stock repurchased | (4.6 | ) |  | — |  |  | — |  |  | — |  |  | (4.6 | )
Other | — |  |  | (5.2 | ) |  | (0.9 | ) |  | — |  |  | (6.1 | )
Net cash provided by (used in) financing activities from continuing operations | 55.8 |  |  | (38.2 | ) |  | (124.6 | ) |  | — |  |  | (107.0 | )
Net cash (used in) provided by continuing operations | — |  |  | (6.1 | ) |  | 13.1 |  |  | 22.3 |  |  | 29.3 |
CASH USED IN DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |
Operating cash flows, net | — |  |  | — |  |  | — |  |  | (24.4 | ) |  | (24.4 | )
Investing cash flows, net | — |  |  | — |  |  | — |  |  | 2.1 |  |  | 2.1 |
Financing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (22.3 | ) |  | (22.3 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (3.1 | ) |  | — |  |  | (3.1 | )
(Decrease) increase in cash and cash equivalents | — |  |  | (6.1 | ) |  | 10.0 |  |  | — |  |  | 3.9 |
CASH AND CASH EQUIVALENTS, beginning of period | 0.1 |  |  | 12.3 |  |  | 29.5 |  |  | — |  |  | 41.9 |
CASH AND CASH EQUIVALENTS, end of period | $ | 0.1 |  |  | $ | 6.2 |  |  | $ | 39.5 |  |  | $ | — |  |  | $ | 45.8 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 2017 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net cash (used in) provided by operating activities from continuing operations | $ | (55.3 | ) |  | $ | 376.9 |  |  | $ | (98.7 | ) |  | $ | 33.6 |  |  | $ | 256.5 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (129.7 | ) |  | 129.7 |  |  | — |  |  | — |
Purchases of property, plant and equipment | — |  |  | (55.8 | ) |  | (11.2 | ) |  | 0.4 |  |  | (66.6 | )
Other | — |  |  | 0.8 |  |  | 4.1 |  |  | (4.0 | ) |  | 0.9 |
Net cash (used in) provided by investing activities from continuing operations | — |  |  | (184.7 | ) |  | 122.6 |  |  | (3.6 | ) |  | (65.7 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations |  |  | 603.9 |  |  | 729.0 |  |  | — |  |  | 1,332.9 |
Repayments of borrowings under long-term debt obligations |  |  | (790.8 | ) |  | (680.7 | ) |  | — |  |  | (1,471.5 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 87.5 |  |  | 0.5 |  |  | (88.0 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 12.8 |  |  | — |  |  | — |  |  | — |  |  | 12.8 |
Treasury stock repurchased | (44.9 | ) |  | — |  |  | — |  |  | — |  |  | (44.9 | )
Payment of deferred financing costs |  |  |  |  | (0.5 | ) |  | — |  |  | (0.5 | )
Other | — |  |  | (1.4 | ) |  | (2.6 | ) |  | — |  |  | (4.0 | )
Net cash provided by (used in) financing activities from continuing operations | 55.4 |  |  | (187.8 | ) |  | (42.8 | ) |  | — |  |  | (175.2 | )
Net cash provided by (used in) continuing operations | 0.1 |  |  | 4.4 |  |  | (18.9 | ) |  | 30.0 |  |  | 15.6 |
CASH USED IN DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |
Operating cash flows, net | — |  |  | — |  |  | — |  |  | (33.6 | ) |  | (33.6 | )
Investing cash flow, net | — |  |  | — |  |  | — |  |  | 3.6 |  |  | 3.6 |
Financing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (30.0 | ) |  | (30.0 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (9.4 | ) |  | — |  |  | (9.4 | )
Increase (decrease) in cash and cash equivalents | 0.1 |  |  | 4.4 |  |  | (28.3 | ) |  | — |  |  | (23.8 | )
CASH AND CASH EQUIVALENTS, beginning of period | — |  |  | 7.9 |  |  | 57.8 |  |  | — |  |  | 65.7 |
CASH AND CASH EQUIVALENTS, end of period | 0.1 |  |  | 12.3 |  |  | 29.5 |  |  | — |  |  | 41.9 |
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 0.8 |  |  | — |  |  | 0.8 |
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS | $ | 0.1 |  |  | $ | 12.3 |  |  | $ | 28.7 |  |  | $ | — |  |  | $ | 41.1 |
TEMPUR SEALY INTERNATIONAL, INC. Supplemental Consolidated Statements of Cash Flows Year Ended December 31, 2016 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net cash (used in) provided by operating activities from continuing operations | $ | (63.1 | ) |  | $ | 110.7 |  |  | $ | 117.9 |  |  | $ | 2.6 |  |  | $ | 168.1 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Contributions (paid to) received from subsidiaries and affiliates | — |  |  | (76.7 | ) |  | 76.7 |  |  | — |  |  | — |
Purchases of property, plant and equipment | — |  |  | (43.0 | ) |  | (19.4 | ) |  | 0.5 |  |  | (61.9 | )
Net cash (used in) provided by investing activities from continuing operations | — |  |  | (119.7 | ) |  | 57.3 |  |  | 0.5 |  |  | (61.9 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | 600.0 |  |  | 1,523.6 |  |  | 109.7 |  |  | — |  |  | 2,233.3 |
Repayments of borrowings under long-term debt obligations | (375.0 | ) |  | (1,406.2 | ) |  | (86.5 | ) |  | — |  |  | (1,867.7 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 383.1 |  |  | (212.5 | ) |  | (170.6 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 15.7 |  |  | — |  |  | — |  |  | — |  |  | 15.7 |
Excess tax benefit from stock-based compensation | 7.0 |  |  | — |  |  | — |  |  | — |  |  | 7.0 |
Treasury stock repurchased | (535.0 | ) |  | — |  |  | — |  |  | — |  |  | (535.0 | )
Payment of deferred financing costs | (3.1 | ) |  | (3.8 | ) |  | — |  |  | — |  |  | (6.9 | )
Fees paid to lenders | (6.0 | ) |  | (1.8 | ) |  | — |  |  | — |  |  | (7.8 | )
Call premium on 2020 Senior Notes | (23.6 | ) |  | — |  |  | — |  |  | — |  |  | (23.6 | )
Other | — |  |  | (2.1 | ) |  | 2.0 |  |  | — |  |  | (0.1 | )
Net cash provided by (used in) financing activities from continuing operations | 63.1 |  |  | (102.8 | ) |  | (145.4 | ) |  | — |  |  | (185.1 | )
Net cash (used in) provided by continuing operations | — |  |  | (111.8 | ) |  | 29.8 |  |  | 3.1 |  |  | (78.9 | )
CASH USED IN DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |
Operating cash flows, net | — |  |  | — |  |  | — |  |  | (2.6 | ) |  | (2.6 | )
Investing cash flow, net | — |  |  | — |  |  | — |  |  | (0.5 | ) |  | (0.5 | )
Financing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (3.1 | ) |  | (3.1 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (6.2 | ) |  | — |  |  | (6.2 | )
(Decrease) increase in cash and cash equivalents | — |  |  | (111.8 | ) |  | 23.6 |  |  | — |  |  | (88.2 | )
CASH AND CASH EQUIVALENTS, beginning of period | — |  |  | 119.7 |  |  | 34.2 |  |  | — |  |  | 153.9 |
CASH AND CASH EQUIVALENTS, end of period | — |  |  | 7.9 |  |  | 57.8 |  |  | — |  |  | 65.7 |
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 1.1 |  |  | — |  |  | 1.1 |
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS | $ | — |  |  | $ | 7.9 |  |  | $ | 56.7 |  |  | $ | — |  |  | $ | 64.6 |

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