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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

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)			2022						2021
North America			$	5,161.7					$	4,360.6
International			1,181.5						1,305.9
Corporate			1,077.1						730.9
Inter-segment eliminations			(3,060.5)						(2,074.0)
Total assets			$	4,359.8					$	4,323.4

     The following table summarizes property, plant and equipment, net, by segment:

			December 31,						December 31,
(in millions)			2022						2021
North America			$	672.1					$	449.9
International			87.3						82.3
Corporate			31.7						51.3
Total property, plant and equipment, net			$	791.1					$	583.5

    The following table summarizes operating lease right-of-use assets by segment:

			December 31,						December 31,
(in millions)			2022						2021
North America			$	349.0					$	280.6
International			154.1						199.0
Corporate			3.7						1.0
Total operating lease right-of-use assets			$	506.8					$	480.6

Segment Financial Information

The following table summarizes segment information for the year ended December 31, 2022:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Bedding sales			$	3,618.7					$	859.1					$	—					$	—					$	4,477.8
Other sales			267.4						176.0						—						—						443.4
Net sales			$	3,886.1					$	1,035.1					$	—					$	—					$	4,921.2
Inter-segment sales			$	1.7					$	1.1					$	—					$	(2.8)					$	—
Inter-segment royalty expense (income)			15.0						(15.0)						—						—						—
Gross profit			1,487.3						562.3						—						—						2,049.6
Operating income (loss)			642.4						187.2						(149.0)						—						680.6
Income (loss) from continuing operations before income taxes			638.6						183.4						(244.8)						—						577.2
Depreciation and amortization (1)			$	96.9					$	23.7					$	59.6					$	—					$	180.2
Capital expenditures			267.4						33.1						6.0						—						306.5

(1)Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the year ended December 31, 2021:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Bedding sales			$	3,825.9					$	687.0					$	—					$	—					$	4,512.9
Other sales			253.3						164.6						—						—						417.9
Net sales			$	4,079.2					$	851.6					$	—					$	—					$	4,930.8
Inter-segment sales			$	1.8					$	1.2					$	—					$	(3.0)					$	—
Inter-segment royalty expense (income)			8.7						(8.7)						—						—						—
Gross profit			1,678.0						480.7						—						—						2,158.7
Operating income (loss)			856.7						200.0						(144.4)						—						912.3
Income (loss) from continuing operations before income taxes			853.2						198.9						(228.1)						—						824.0
Depreciation and amortization (1)			$	87.7					$	18.1					$	68.8					$	—					$	174.6
Capital expenditures			89.7						18.0						15.6						—						123.3

(1)Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the year ended December 31, 2020:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Bedding sales			$	2,956.3					$	397.5					$	—					$	—					$	3,353.8
Other sales			202.9						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 profit			1,332.0						306.4						—						—						1,638.4
Operating income (loss)			591.4						127.6						(186.9)						—						532.1
Income (loss) from continuing operations before income taxes			590.1						120.2						(257.9)						—						452.4
Depreciation and amortization (1)			$	76.3					$	13.6					$	112.6					$	—					$	202.5
Capital expenditures			92.6						11.0						7.7						—						111.3

(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)			2022						2021
United States			$	682.0					$	481.1
All other			109.1						102.4
Total property, plant and equipment, net			$	791.1					$	583.5

The following table summarizes operating lease right-of-use assets by geographic region:

			December 31,						December 31,
(in millions)			2022						2021
United States			$	339.6					$	278.3
United Kingdom			122.9						162.8
All other			44.3						39.5
Total operating lease right-of-use assets			$	506.8					$	480.6

Net Sales by Geographic Region

The following table summarizes net sales by geographic region:

			Year Ended December 31,
(in millions)			2022						2021						2020
United States			$	3,596.0					$	3,751.3					$	2,886.6
All other			1,325.2						1,179.5						790.3
Total net sales			$	4,921.2					$	4,930.8					$	3,676.9

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