XML 18 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Net sales $ 2,702.9 $ 2,700.6 $ 3,079.7
Cost of sales 1,582.2 1,579.6 1,790.2
Gross profit 1,120.7 1,121.0 1,289.5
Selling and marketing expenses 587.8 586.1 635.5
General, administrative and other expenses 294.2 261.4 273.4
Customer termination charges, net 0.0 14.4 0.0
Equity income in earnings of unconsolidated affiliates (17.6) (15.6) (13.3)
Royalty income, net of royalty expense 0.0 (20.8) (19.5)
Operating (loss) income 256.3 295.5 413.4
Other expense, net:      
Interest expense, net 92.3 87.3 82.9
Loss on extinguishment of debt 0.0 0.0 47.2
Other income, net (1.0) (7.2) (0.3)
Total other expense, net 91.3 80.1 129.8
Income from continuing operations before income taxes 165.0 215.4 283.6
Income tax provision (49.6) (43.8) (86.3)
Income from continuing operations 115.4 171.6 197.3
Loss from discontinued operations, net of tax (17.8) (30.9) (12.3)
Net income before non-controlling interests 97.6 140.7 185.0
Less: Net income attributable to non-controlling interests (2.9) (10.7) (5.6)
Net income attributable to Tempur Sealy International, Inc. $ 100.5 $ 151.4 $ 190.6
Basic      
Earnings per share for continuing operations, basic (in dollars per share) $ 2.17 $ 3.37 $ 3.44
Loss per share for discontinued operations, basic (in dollars per share) (0.32) (0.57) (0.21)
Basic (in dollars per share) 1.85 2.80 3.23
Diluted      
Earnings per share for continuing operations, diluted (in dollars per share) 2.15 3.33 3.39
Loss per share for discontinued operations, diluted (in dollars per share) (0.33) (0.56) (0.20)
Diluted (in dollars per share) $ 1.82 $ 2.77 $ 3.19
Weighted average common shares outstanding:      
Basic (in shares) 54.4 54.0 59.0
Diluted (in shares) 55.1 54.7 59.8