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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Restrictions on Cash and Cash Equivalents

Total cash, cash equivalents and restricted cash consisted of the following:

			March 31,						December 31,
(in millions)			2025						2024
Cash and cash equivalents			$	111.1					$	117.4
Restricted cash			—						1,592.3
Cash, cash equivalents and restricted cash			$	111.1					$	1,709.7

Schedule of Cash and Cash Equivalents

Total cash, cash equivalents and restricted cash consisted of the following:

			March 31,						December 31,
(in millions)			2025						2024
Cash and cash equivalents			$	111.1					$	117.4
Restricted cash			—						1,592.3
Cash, cash equivalents and restricted cash			$	111.1					$	1,709.7

Schedule of Inventory

Inventories are stated at the lower of cost or net realizable value, determined by either the first-in, first-out method or the weighted average cost method, depending on reportable segment, and consist of the following:

			March 31,						December 31,
(in millions)			2025						2024
Finished goods			$	530.9					$	300.5
Work-in-process			17.5						16.1
Raw materials and supplies			132.4						130.4
			$	680.8					$	447.0

Warranty Activity

The Company had the following activity for its accrued warranty expense from December 31, 2024 to March 31, 2025:

(in millions)
Balance as of December 31, 2024			$	33.6
Amounts accrued			5.0
Liabilities assumed as a result of Mattress Firm Acquisition			25.3
Warranties charged to accrual			(5.3)
Balance as of March 31, 2025			$	58.6

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The Company had the following activity for its allowance for credit losses from December 31, 2024 to March 31, 2025:

(in millions)
Balance as of December 31, 2024						$	80.4
Amounts accrued						4.7
Write-offs charged against the allowance						(39.2)
Balance as of March 31, 2025						$	45.9

Schedule of Long-term Debt Instruments

The fair values of these material financial instruments are as follows:

						Fair Value
(in millions)						March 31, 2025						December 31, 2024
2029 Senior Notes						$	743.5					$	739.1
2031 Senior Notes						$	703.5					$	698.2

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