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Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Total Assets and Long-Lived Assets by Segment

The following table summarizes total assets by segment:

(in millions)			March 31, 2025						December 31, 2024
Tempur Sealy North America			$	5,748.4					$	5,575.2
Tempur Sealy International			1,587.9						1,477.6
Mattress Firm			7,401.9						—
Corporate			2,035.1						3,580.0
Inter-segment eliminations			(5,443.6)						(4,652.4)
Total assets			$	11,329.7					$	5,980.4

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

(in millions)			March 31, 2025						December 31, 2024
Tempur Sealy North America			$	651.8					$	687.7
Tempur Sealy International			91.9						89.6
Mattress Firm			191.8						—
Corporate			32.0						33.8
Total property, plant and equipment, net			$	967.5					$	811.1

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

(in millions)			March 31, 2025						December 31, 2024
Tempur Sealy North America			$	359.5					$	407.1
Tempur Sealy International			197.2						188.6
Mattress Firm			1,259.0						—
Corporate			2.8						3.1
Total operating lease right-of-use assets			$	1,818.5					$	598.8

Segment Financial Information

The following table summarizes segment information for the three months ended March 31, 2025:

(in millions)			Tempur Sealy North America						Tempur Sealy International						Mattress Firm						Corporate						Eliminations						Consolidated
Net sales			$	706.2					$	304.8					593.7						$	—					$	—					$	1,604.7
Inter-segment sales			130.1						0.2						—						—						(130.3)						—
Total net sales and inter-segment sales			$	836.3					$	305.0					$	593.7					$	—					$	(130.3)					$	1,604.7
Inter-segment royalty expense (income)			6.2						(6.2)						—						—						—						—
Gross profit			240.0						149.3						191.2						—						—						580.5
Advertising expense			83.6						25.7						33.6						—						—						142.9
Other selling and marketing expense			68.0						46.6						101.5						3.6						—						219.7
General, administrative and other expenses			48.1						30.7						49.3						81.4						—						209.5
Equity income in earnings of unconsolidated affiliates			—						(4.8)						—						—						—						(4.8)
Operating income (loss)			40.3						51.1						6.8						(85.0)						—						13.2
Interest expense, net																																	61.3
Other expense, net																																	1.2
Income (loss) before income taxes			39.1						52.5						9.2						(150.1)						—						(49.3)
Depreciation and amortization (1)			$	30.8					$	7.4					$	16.7					$	11.2					$	—					$	66.1
Capital expenditures			8.0						6.1						9.2						0.7						—						24.0

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

The following table summarizes segment information for the three months ended March 31, 2024:

(in millions)			Tempur Sealy North America						Tempur Sealy International												Corporate						Eliminations						Consolidated
Net sales			$	901.1					$	288.3											$	—					$	—					$	1,189.4
Inter-segment sales			0.3						0.1												—						(0.4)						—
Total net sales and inter-segment sales			$	901.4					$	288.4											$	—					$	(0.4)					$	1,189.4
Inter-segment royalty expense (income)			7.4						(7.4)												—						—						—
Gross profit			336.7						137.6												—						—						474.3
Advertising expense			84.4						23.6												—						—						108.0
Other selling and marketing expense			69.2						45.4												4.1						—						118.7
General, administrative and other expenses			48.7						28.7												43.6						—						121.0
Equity income in earnings of unconsolidated affiliates			—						(4.9)												—						—						(4.9)
Operating income (loss)			134.4						44.8												(47.7)						—						131.5
Interest expense, net																																	34.3
Other income, net																																	(0.3)
Income (loss) before income taxes			131.4						47.7												(81.6)						—						97.5
Depreciation and amortization (1)			$	30.7					$	6.5											$	11.2					$	—					$	48.4
Capital expenditures			20.7						6.2												4.6						—						31.5

(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:

(in millions)			March 31, 2025						December 31, 2024
United States			$	858.8					$	704.1
All other			108.7						107.0
Total property, plant and equipment, net			$	967.5					$	811.1

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

(in millions)			March 31, 2025						December 31, 2024
United States			$	1,612.3					$	401.0
All other			206.2						197.8
Total operating lease right-of-use assets			$	1,818.5					$	598.8

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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