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Stockholders' Equity
3 Months Ended
Mar. 31, 2021
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
 
(a) Treasury Stock. On February 11, 2021, the Board of Directors authorized an increase, of $211.4 million, to the existing share repurchase authorization of Tempur Sealy International's common stock. The Company repurchased 8.4 million and 2.6 million shares, under the program, for approximately $299.8 million and $187.5 million during the three months ended March 31, 2021 and 2020, respectively. As of March 31, 2021, the Company had approximately $113.2 million remaining under its share repurchase authorization. On April 29, 2021, the Company announced that its Board of Directors authorized an increase to the share repurchase authorization bringing the total authorization to $400.0 million.

In addition, the Company acquired shares upon the vesting of certain restricted stock units ("RSUs") and performance restricted stock units ("PRSUs"), which were withheld to satisfy tax withholding obligations during each of the three months ended March 31, 2021 and 2020. The shares withheld were valued at the closing price of the stock on the New York Stock Exchange on the vesting date or first business day prior to vesting, resulting in approximately $13.3 million and $11.8 million in treasury stock acquired during the three months ended March 31, 2021 and 2020, respectively.
(b) AOCL. AOCL consisted of the following:
Three Months Ended
 March 31,
(in millions)20212020
Foreign Currency Translation
Balance at beginning of period$(58.6)$(82.2)
Other comprehensive loss:
Foreign currency translation adjustments (1)
(10.8)(23.0)
Balance at end of period$(69.4)$(105.2)
Pensions
Balance at beginning of period$(6.9)$(5.5)
Other comprehensive loss:
Net change from period revaluations— 0.1 
Tax expense (2)
— (0.1)
Total other comprehensive income before reclassifications, net of tax$— $— 
Net amount reclassified to earnings (1)
— — 
Tax benefit (2)
— — 
Total amount reclassified from accumulated other comprehensive loss, net of tax$— $— 
Total other comprehensive loss— — 
Balance at end of period$(6.9)$(5.5)

(1)
In 2021 and 2020, there were no tax impacts related to foreign currency translation adjustments and no amounts were reclassified to earnings.
(2)These amounts were included in the income tax provision in the accompanying Condensed Consolidated Statements of Income.