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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Total Assets and Long-lived Assets by Segment

The following table summarizes total assets by segment:

	December 31,				December 31,
(in millions)	2018				2017
North America	$	2,788.1			$	2,771.9
International	604.8				593.8
Corporate	569.0				614.9
Inter-segment eliminations	(1,246.5		)		(1,302.2		)
Discontinued operations	—				15.6
Total assets	$	2,715.4			$	2,694.0

     The following table summarizes property, plant and equipment, net, by segment:

	December 31,				December 31,
(in millions)	2018				2017
North America	$	317.5			$	320.0
International	51.1				53.1
Corporate	52.2				60.4
Total property, plant and equipment, net	$	420.8			$	433.5

Segment Financial Information

The following table summarizes segment information for the year ended December 31, 2018:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	2,002.1			$	453.2			$	—			$	—			$	2,455.3
Other sales	134.1				113.5				—				—				247.6
Net sales	$	2,136.2			$	566.7			$	—			$	—			$	2,702.9
Inter-segment sales	$	3.4			$	0.5			$	—			$	(3.9	)		$	—
Inter-segment royalty expense (income)	3.1				(3.1		)		—				—				—
Gross profit	823.4				297.3				—				—				1,120.7
Operating income (loss)	250.0				107.5				(101.2		)		—				256.3
Income (loss) from continuing operations before income taxes	241.1				101.0				(177.1		)		—				165.0
Depreciation and amortization (1)	$	59.0			$	13.5			$	39.4			$	—			$	111.9
Capital expenditures	52.7				14.0				6.9				—				73.6

(1) Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the year ended December 31, 2017:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	2,051.8			$	421.6			$	—			$	—			$	2,473.4
Other sales	122.0				105.2				—				—				227.2
Net sales	$	2,173.8			$	526.8			$	—			$	—			$	2,700.6
Inter-segment sales	$	3.8			$	1.0			$	—			$	(4.8	)		$	—
Gross profit	844.7				276.3				—				—				1,121.0
Inter-segment royalty expense (income)	5.5				(5.5		)		—				—				—
Operating income (loss)	273.2				112.0				(89.7		)		—				295.5
Income (loss) from continuing operations before income taxes	276.0				104.5				(165.1		)		—				215.4
Depreciation and amortization (1)	$	51.4			$	14.1			$	28.5			$	—			$	94.0
Capital expenditures	39.9				9.0				17.7				—				66.6

(1) Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the year ended December 31, 2016:

(in millions)	North America				International				Corporate				Eliminations				Consolidated
Bedding sales	$	2,447.8			$	399.9			$	—			$	—			$	2,847.7
Other sales	122.3				109.7				—				—				232.0
Net sales	$	2,570.1			$	509.6			$	—			$	—			$	3,079.7
Inter-segment sales	$	4.5			$	0.4			$	—			$	(4.9	)		$	—
Gross profit	1,017.4				272.1				—				—				1,289.5
Inter-segment royalty expense (income)	(7.2		)		7.2				—				—				—
Operating income (loss)	411.8				100.6				(99.0		)		—				413.4
Income (loss) from continuing operations before income taxes	406.8				94.3				(217.5		)		—				283.6
Depreciation and amortization (1)	$	43.7			$	14.7			$	30.2			$	—			$	88.6
Capital expenditures	32.8				14.8				14.3				—				61.9

(1) Depreciation and amortization includes stock-based compensation amortization expense.

Long-lived assets by geographic region

The following table summarizes property, plant and equipment, net by geographic region:

	December 31,				December 31,
(in millions)	2018				2017
United States	$	350.7			$	373.2
Canada	19.1				7.2
Other International	51.0				53.1
Total property, plant and equipment, net	$	420.8			$	433.5
Total International	$	70.1			$	60.3

Net sales by geographic region

The following table summarizes net sales by geographic region:

	Year Ended December 31,
(in millions)	2018				2017				2016
United States	$	1,928.9			$	1,954.2			$	2,361.9
Canada	207.3				219.6				208.2
Other International	566.7				526.8				509.6
Total net sales	$	2,702.9			$	2,700.6			$	3,079.7
Total International	$	774.0			$	746.4			$	717.8

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