XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 1,277.1 $ 1,283.3 $ 3,754.9 $ 3,733.8
Cost of sales 703.4 742.2 2,139.0 2,173.4
Gross profit 573.7 541.1 1,615.9 1,560.4
Selling and marketing expenses 272.9 248.3 799.8 744.7
General, administrative and other expenses 122.2 96.7 344.2 296.6
Equity income in earnings of unconsolidated affiliates (4.6) (4.9) (13.4) (14.4)
Operating income 183.2 201.0 485.3 533.5
Other expense, net:        
Interest expense, net 32.6 26.8 99.0 71.4
Other income, net (0.1) (0.9) (0.2) (1.5)
Total other expense, net 32.5 25.9 98.8 69.9
Income from continuing operations before income taxes 150.7 175.1 386.5 463.6
Income tax provision (36.8) (41.1) (93.5) (107.5)
Income from continuing operations 113.9 134.0 293.0 356.1
Loss from discontinued operations, net of tax 0.0 (0.8) 0.0 (0.8)
Net income before non-controlling interest 113.9 133.2 293.0 355.3
Less: Net income attributable to non-controlling interest 0.6 0.5 2.0 1.3
Net income attributable to Tempur Sealy International, Inc. $ 113.3 $ 132.7 $ 291.0 $ 354.0
Basic        
Earnings per share for continuing operations (in dollars per share) $ 0.66 $ 0.78 $ 1.69 $ 2.01
Loss per share for discontinued operations (in dollars per share) 0 (0.01) 0 0
Basic (in dollars per share) 0.66 0.77 1.69 2.01
Diluted        
Earnings per share for continuing operations (in dollars per share) 0.64 0.75 1.64 1.95
Loss per share for discontinued operations (in dollars per share) 0 0 0 0
Diluted (in dollars per share) $ 0.64 $ 0.75 $ 1.64 $ 1.95
Weighted average common shares outstanding:        
Basic (in shares) 172.2 171.9 172.1 176.2
Diluted (in shares) 177.6 177.0 177.0 181.5