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v3.19.3.a.u2

Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2019
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) | 2019 |  | 2018
North America | $ | 3,142.9 |  |  | $ | 2,788.1 |
International | 615.3 |  |  | 604.8 |
Corporate | 477.1 |  |  | 569.0 |
Inter-segment eliminations | (1,173.5 | ) |  | (1,246.5 | )
Total assets | $ | 3,061.8 |  |  | $ | 2,715.4 |
The following table summarizes property, plant and equipment, net, by segment:
| December 31, |  | December 31,
(in millions) | 2019 |  | 2018
North America | $ | 328.9 |  |  | $ | 317.5 |
International | 51.8 |  |  | 51.1 |
Corporate | 55.1 |  |  | 52.2 |
Total property, plant and equipment, net | $ | 435.8 |  |  | $ | 420.8 |
The following table summarizes operating lease right-of-use assets by segment:
| December 31, |  | December 31,
(in millions) | 2019 |  | 2018
North America | $ | 202.0 |  |  | $ | — |
International | 42.2 |  |  | — |
Corporate | 1.2 |  |  | — |
Total operating lease right-of-use assets | $ | 245.4 |  |  | $ | — |
Segment Financial Information | The following table summarizes segment information for the year ended December 31, 2019:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Bedding sales | $ | 2,379.6 |  |  | $ | 455.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,835.3 |
Other sales | 153.7 |  |  | 117.0 |  |  | — |  |  | — |  |  | 270.7 |
Net sales | $ | 2,533.3 |  |  | $ | 572.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,106.0 |
Inter-segment sales | $ | 3.4 |  |  | $ | 0.7 |  |  | $ | — |  |  | $ | (4.1 | ) |  | $ | — |
Inter-segment royalty expense (income) | 4.5 |  |  | (4.5 | ) |  | — |  |  | — |  |  | — |
Gross profit | 1,035.2 |  |  | 307.0 |  |  | — |  |  | — |  |  | 1,342.2 |
Operating income (loss) | 344.8 |  |  | 115.4 |  |  | (113.5 | ) |  | — |  |  | 346.7 |
Income (loss) from continuing operations before income taxes | 337.0 |  |  | 109.7 |  |  | (181.2 | ) |  | — |  |  | 265.5 |
Depreciation and amortization (1) | $ | 64.4 |  |  | $ | 13.7 |  |  | $ | 38.4 |  |  | $ | — |  |  | $ | 116.5 |
Capital expenditures | 62.1 |  |  | 11.6 |  |  | 14.5 |  |  | — |  |  | 88.2 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
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 | ) |  | $ | — |
Inter-segment royalty expense (income) | 5.5 |  |  | (5.5 | ) |  | — |  |  | — |  |  | — |
Gross profit | 844.7 |  |  | 276.3 |  |  | — |  |  | — |  |  | 1,121.0 |
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.
Long-lived assets by geographic region | The following table summarizes property, plant and equipment, net, by geographic region:
| December 31, |  | December 31,
(in millions) | 2019 |  | 2018
United States | $ | 366.4 |  |  | $ | 350.7 |
Canada | 17.5 |  |  | 19.1 |
Other International | 51.9 |  |  | 51.0 |
Total property, plant and equipment, net | $ | 435.8 |  |  | $ | 420.8 |
Total International | $ | 69.4 |  |  | $ | 70.1 |
The following table summarizes operating lease right-of-use assets by geographic region:
| December 31, |  | December 31,
(in millions) | 2019 |  | 2018
United States | $ | 198.3 |  |  | $ | — |
Canada | 4.9 |  |  | — |
Other International | 42.2 |  |  | — |
Total operating lease right-of-use assets | $ | 245.4 |  |  | $ | — |
Total International | $ | 47.1 |  |  | $ | — |
Net sales by geographic region | The following table summarizes net sales by geographic region:
| Year Ended December 31,
(in millions) | 2019 |  | 2018 |  | 2017
United States | $ | 2,312.3 |  |  | $ | 1,928.9 |  |  | $ | 1,954.2 |
Canada | 221.0 |  |  | 207.3 |  |  | 219.6 |
Other International | 572.7 |  |  | 566.7 |  |  | 526.8 |
Total net sales | $ | 3,106.0 |  |  | $ | 2,702.9 |  |  | $ | 2,700.6 |
Total International | $ | 793.7 |  |  | $ | 774.0 |  |  | $ | 746.4 |

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