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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2025

Accounting Policies [Abstract]

Restrictions on Cash and Cash Equivalents

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

			June 30,						December 31,
(in millions)			2025						2024
Cash and cash equivalents			$	98.1					$	117.4
Restricted cash			—						1,592.3
Cash, cash equivalents and restricted cash			$	98.1					$	1,709.7

Schedule of Cash and Cash Equivalents

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

			June 30,						December 31,
(in millions)			2025						2024
Cash and cash equivalents			$	98.1					$	117.4
Restricted cash			—						1,592.3
Cash, cash equivalents and restricted cash			$	98.1					$	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:

			June 30,						December 31,
(in millions)			2025						2024
Finished goods			$	558.9					$	300.5
Work-in-process			17.3						16.1
Raw materials and supplies			133.4						130.4
			$	709.6					$	447.0

Warranty Activity

The Company had the following activity for its accrued warranty expense from December 31, 2024 to June 30, 2025:

(in millions)
Balance as of December 31, 2024			$	33.6
Amounts accrued			10.1
Liabilities assumed as a result of Mattress Firm Acquisition			25.4
Warranties charged to accrual			(9.5)
Balance as of June 30, 2025			$	59.6

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 June 30, 2025:

(in millions)
Balance as of December 31, 2024						$	80.4
Amounts accrued						4.3
Write-offs charged against the allowance						(39.9)
Balance as of June 30, 2025						$	44.8

Schedule of Long-term Debt Instruments

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

						Fair Value
(in millions)						June 30, 2025						December 31, 2024
2029 Senior Notes						$	765.2					$	739.1
2031 Senior Notes						$	727.8					$	698.2

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