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Unconsolidated Affiliate Companies
 12 Months Ended
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Unconsolidated Affiliate Companies
Unconsolidated Affiliate Companies

The Company has ownership interests in a group of Asia-Pacific joint ventures to develop markets for Sealy® branded products in those regions. The Company’s ownership interest in these joint ventures is 50.0% and is accounted for under the equity method. The Company’s investment of $22.5 million and $21.5 million at December 31, 2018 and 2017, respectively, is recorded in other non-current assets in the accompanying Consolidated Balance Sheets. The Company’s share of earnings for the years ended December 31, 2018 and 2017, respectively, are recorded in equity income in earnings of unconsolidated affiliates in the accompanying Consolidated Statements of Income.

The tables below present summarized financial information for joint ventures as of and for the years ended December 31:
(in millions)
2018
 
2017
Current assets
$
81.8

 
$
73.7

Non-current assets
18.6

 
17.8

Total liabilities
59.0

 
52.3

Equity
41.4

 
39.2

(in millions)
2018
 
2017
 
2016
Net sales
$
220.5

 
$
195.1

 
$
155.2

Gross profit
147.8

 
129.9

 
101.7

Income from operations
46.6

 
43.3

 
32.2

Net income
33.5

 
31.7

 
24.8