XML 17 R3.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 4,921.2 $ 4,930.8 $ 3,676.9
Cost of sales 2,871.6 2,772.1 2,038.5
Gross profit 2,049.6 2,158.7 1,638.4
Selling and marketing expenses 992.5 923.1 740.2
General, administrative and other expenses 397.6 353.9 382.5
Equity income in earnings of unconsolidated affiliates (21.1) (30.6) (16.4)
Operating (loss) income 680.6 912.3 532.1
Other expense, net:      
Interest expense, net 103.0 66.3 77.0
Loss on extinguishment of debt 0.0 23.0 5.1
Other expense (income), net 0.4 (1.0) (2.4)
Total other expense, net 103.4 88.3 79.7
Income from continuing operations before income taxes 577.2 824.0 452.4
Income tax provision (119.0) (198.3) (102.6)
Income from continuing operations 458.2 625.7 349.8
Loss from discontinued operations, net of tax (0.4) (0.7) 0.0
Net income before non-controlling interest 457.8 625.0 349.8
Less: Net income attributable to non-controlling interest 2.1 0.5 1.0
Net income attributable to Tempur Sealy International, Inc. $ 455.7 $ 624.5 $ 348.8
Basic      
Earnings per share for continuing operations, basic (in dollars per share) $ 2.61 $ 3.17 $ 1.68
Loss per share for discontinued operations, basic (in dollars per share) 0 0 0
Basic (in dollars per share) 2.61 3.17 1.68
Diluted      
Earnings per share for continuing operations, diluted (in dollars per share) 2.53 3.06 1.64
Loss per share for discontinued operations, diluted (in dollars per share) 0 0 0
Diluted (in dollars per share) $ 2.53 $ 3.06 $ 1.64
Weighted average common shares outstanding:      
Basic (in shares) 174.9 197.0 207.9
Diluted (in shares) 180.3 204.3 212.3