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Business Segment Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
The Company operates in two segments: North America and International. In the fourth quarter of 2020, the Company realigned its business segment reporting to include Mexico within the North America segment, which was previously included in the International segment. The change in segment reporting aligned with changes in how our global operations are managed. These segments are strategic business units that are managed separately based on geography. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S., Canada and Mexico. The International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America (other than Mexico). This segment change was retrospectively applied to all prior periods presented. Corporate operating expenses are not included in either of the segments and are presented separately as a reconciling item to consolidated results. The Company evaluates segment performance based on net sales, gross profit and operating income.

The Company sells its products in over 100 countries to over 10,000 wholesale customers. The Company’s Direct channel represents 13.4% of the Company’s consolidated net sales. One customer contributed between 10% and 15% of the Company’s net sales in 2020. No customer contributed more than 10% of the Company's net sales in 2019.

    The Company’s North America and International segment assets include investments in subsidiaries that are appropriately eliminated in the Company’s accompanying Consolidated Financial Statements. The remaining inter-segment eliminations are comprised of intercompany accounts receivable and payable.

The following table summarizes total assets by segment:
December 31,December 31,
(in millions)20202019
North America$3,740.3 $3,187.7 
International639.8 569.0 
Corporate490.3 477.1 
Inter-segment eliminations(1,561.8)(1,172.0)
Total assets$3,308.6 $3,061.8 

     The following table summarizes property, plant and equipment, net, by segment:
December 31,December 31,
(in millions)20202019
North America$415.3 $334.8 
International49.8 45.9 
Corporate42.8 55.1 
Total property, plant and equipment, net$507.9 $435.8 
 
    The following table summarizes operating lease right-of-use assets by segment:
December 31,December 31,
(in millions)20202019
North America$256.6 $202.0 
International45.7 42.2 
Corporate2.0 1.2 
Total operating lease right-of-use assets$304.3 $245.4 
The following table summarizes segment information for the year ended December 31, 2020:
(in millions)North AmericaInternationalCorporateEliminationsConsolidated
Bedding sales$2,956.3 $397.5 $— $— $3,353.8 
Other sales202.9 120.2 — — 323.1 
Net sales$3,159.2 $517.7 $— $— $3,676.9 
Inter-segment sales$1.2 $0.7 $— $(1.9)$— 
Inter-segment royalty expense (income)9.4 (9.4)— — — 
Gross profit1,332.0 306.4 — — 1,638.4 
Operating income (loss)591.4 127.6 (186.9)— 532.1 
Income (loss) from continuing operations before income taxes590.1 120.2 (257.9)— 452.4 
Depreciation and amortization (1)
$76.3 $13.6 $112.6 $— $202.5 
Capital expenditures92.6 11.0 7.7 — 111.3 
(1)Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the year ended December 31, 2019:
(in millions)North AmericaInternationalCorporateEliminationsConsolidated
Bedding sales$2,448.8 $388.2 $— $— $2,837.0 
Other sales154.7 114.3 — — 269.0 
Net sales$2,603.5 $502.5 $— $— $3,106.0 
Inter-segment sales$1.2 $1.1 $— $(2.3)$— 
Inter-segment royalty expense (income)7.6 (7.6)— — — 
Gross profit1,055.2 287.0 — — 1,342.2 
Operating income (loss)349.9 110.3 (113.5)— 346.7 
Income (loss) from continuing operations before income taxes342.9 103.8 (181.2)— 265.5 
Depreciation and amortization (1)
$65.1 $13.0 $38.4 $— $116.5 
Capital expenditures63.0 10.7 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 AmericaInternationalCorporateEliminationsConsolidated
Bedding sales2,069.5 $385.8 $— $— $2,455.3 
Other sales137.5 110.1 — — 247.6 
Net sales$2,207.0 $495.9 $— $— $2,702.9 
Inter-segment sales$1.3 $0.6 $— $(1.9)$— 
Inter-segment royalty expense (income)6.2 (6.2)— — — 
Gross profit843.4 277.3 — — 1,120.7 
Operating income (loss)256.5 101.0 (101.2)— 256.3 
Income (loss) from continuing operations before income taxes248.4 93.7 (177.1)— 165.0 
Depreciation and amortization (1)
$59.5 $13.0 $39.4 $— $111.9 
Capital expenditures53.6 13.1 6.9 — 73.6 
(1)Depreciation and amortization includes stock-based compensation amortization expense.

    The following table summarizes property, plant and equipment, net, by geographic region:
December 31,December 31,
(in millions)
20202019
United States$436.2 $366.4 
All other71.7 69.4 
Total property, plant and equipment, net
$507.9 $435.8 

The following table summarizes operating lease right-of-use assets by geographic region:
December 31,December 31,
(in millions)
20202019
United States$255.0 $198.3 
All Other49.3 47.1 
Total operating lease right-of-use assets
$304.3 $245.4 

The following table summarizes net sales by geographic region:
Year Ended December 31,
(in millions)202020192018
United States$2,886.6 $2,312.1 $1,928.8 
All other790.3 793.9 774.1 
Total net sales$3,676.9 $3,106.0 $2,702.9