XML 18 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net sales $ 3,676.9 $ 3,106.0 $ 2,702.9
Cost of sales 2,038.5 1,763.8 1,582.2
Gross profit 1,638.4 1,342.2 1,120.7
Selling and marketing expenses 740.2 666.3 587.8
General, administrative and other expenses 382.5 345.1 294.2
Equity income in earnings of unconsolidated affiliates (16.4) (15.9) (17.6)
Operating (loss) income 532.1 346.7 256.3
Other expense, net:      
Interest expense, net 77.0 85.7 92.3
Loss on extinguishment of debt 5.1 0.0 0.0
Other income, net (2.4) (4.5) (1.0)
Total other expense, net 79.7 81.2 91.3
Income from continuing operations before income taxes 452.4 265.5 165.0
Income tax provision (102.6) (74.7) (49.6)
Income from continuing operations 349.8 190.8 115.4
Loss from discontinued operations, net of tax 0.0 (1.4) (17.8)
Net income before non-controlling interests 349.8 189.4 97.6
Less: Net income (loss) attributable to non-controlling interests 1.0 (0.1) (2.9)
Net income attributable to Tempur Sealy International, Inc. $ 348.8 $ 189.5 $ 100.5
Basic      
Earnings per share for continuing operations, basic (in dollars per share) $ 1.68 $ 0.87 $ 0.54
Loss per share for discontinued operations, basic (in dollars per share) 0 0 (0.08)
Basic (in dollars per share) 1.68 0.87 0.46
Diluted      
Earnings per share for continuing operations, diluted (in dollars per share) 1.64 0.86 0.54
Loss per share for discontinued operations, diluted (in dollars per share) 0 0 (0.08)
Diluted (in dollars per share) $ 1.64 $ 0.86 $ 0.46
Weighted average common shares outstanding:      
Basic (in shares) 207.9 218.0 217.6
Diluted (in shares) 212.3 221.6 220.4