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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

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)			2023						2022
North America			$	5,291.0					$	5,161.7
International			1,405.2						1,181.5
Corporate			1,269.5						1,077.1
Inter-segment eliminations			(3,411.8)						(3,060.5)
Total assets			$	4,553.9					$	4,359.8

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

			December 31,						December 31,
(in millions)			2023						2022
North America			$	753.8					$	672.1
International			91.3						87.3
Corporate			33.2						31.7
Total property, plant and equipment, net			$	878.3					$	791.1

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

			December 31,						December 31,
(in millions)			2023						2022
North America			$	453.5					$	349.0
International			180.2						154.1
Corporate			2.8						3.7
Total operating lease right-of-use assets			$	636.5					$	506.8

Segment Financial Information

The following table summarizes segment information for the year ended December 31, 2023:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Bedding sales			$	3,585.2					$	879.2					$	—					$	—					$	4,464.4
Other sales			270.3						190.7						—						—						461.0
Net sales			$	3,855.5					$	1,069.9					$	—					$	—					$	4,925.4
Inter-segment sales			$	1.2					$	0.5					$	—					$	(1.7)					$	—
Inter-segment royalty expense (income)			33.7						(33.7)						—						—						—
Gross profit			1,537.5						591.2						—						—						2,128.7
Operating income (loss)			643.1						170.9						(206.8)						—						607.2
Income (loss) from continuing operations before income taxes			634.2						171.4						(331.5)						—						474.1
Depreciation and amortization (1)			$	102.2					$	25.6					$	55.2					$	—					$	183.0
Capital expenditures			158.8						18.1						8.5						—						185.4

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

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.

Long-Lived Assets by Geographic Region

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

			December 31,						December 31,
(in millions)			2023						2022
United States			$	764.1					$	682.0
All other			114.2						109.1
Total property, plant and equipment, net			$	878.3					$	791.1

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

			December 31,						December 31,
(in millions)			2023						2022
United States			$	444.2					$	339.6
United Kingdom			146.5						122.9
All other			45.8						44.3
Total operating lease right-of-use assets			$	636.5					$	506.8

Net Sales by Geographic Region

The following table summarizes net sales by geographic region:

			Year Ended December 31,
(in millions)			2023						2022						2021
United States			$	3,560.8					$	3,596.0					$	3,751.3
All other			1,364.6						1,325.2						1,179.5
Total net sales			$	4,925.4					$	4,921.2					$	4,930.8

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