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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income before non-controlling interest $ (32.8) $ 76.8
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 57.7 39.2
Amortization of stock-based compensation 8.4 9.2
Amortization of deferred financing costs 1.7 0.9
Bad debt expense 4.7 3.8
Deferred income taxes 0.0 0.1
Dividends received from unconsolidated affiliates 5.5 4.9
Equity income in earnings of unconsolidated affiliates (4.8) (4.9)
Foreign currency adjustments and other 0.8 0.1
Changes in operating assets and liabilities, net of effect of business acquisitions 65.2 0.1
Net cash provided by operating activities 106.4 130.2
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (24.0) (31.5)
Acquisitions, net of cash acquired (2,835.0) 0.0
Other 0.1 0.3
Net cash used in investing activities (2,858.9) (31.2)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under long-term debt obligations 1,880.4 478.1
Repayments of borrowings under long-term debt obligations (663.1) (481.8)
Proceeds from exercise of stock options 1.0 0.3
Treasury stock repurchased (37.5) (43.8)
Dividends paid (32.9) (24.9)
Repayments of finance lease obligations and other (5.8) (5.8)
Net cash provided by (used in) financing activities 1,142.1 (77.9)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH 11.8 (3.5)
(Decrease) increase in cash, cash equivalents and restricted cash (1,598.6) 17.6
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 1,709.7 74.9
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 111.1 92.5
Cash paid during the period for:    
Interest 52.2 20.3
Income taxes, net of refunds 13.0 13.2
Non-cash investing activities:    
Treasury stock issued in connection with Mattress Firm Acquisition $ 2,245.1 $ 0.0