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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Total Assets and Long-Lived Assets by Segment

The following table summarizes total assets by segment:

(in millions)			June 30, 2025						December 31, 2024
Tempur Sealy North America			$	5,970.9					$	5,575.2
Tempur Sealy International			1,491.1						1,477.6
Mattress Firm			7,573.2						—
Corporate			2,273.8						3,580.0
Inter-segment eliminations			(5,932.8)						(4,652.4)
Total assets			$	11,376.2					$	5,980.4

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

(in millions)			June 30, 2025						December 31, 2024
Tempur Sealy North America			$	628.2					$	687.7
Tempur Sealy International			101.0						89.6
Mattress Firm			260.3						—
Corporate			31.6						33.8
Total property, plant and equipment, net			$	1,021.1					$	811.1

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

(in millions)			June 30, 2025						December 31, 2024
Tempur Sealy North America			$	341.2					$	407.1
Tempur Sealy International			220.5						188.6
Mattress Firm			1,276.2						—
Corporate			2.4						3.1
Total operating lease right-of-use assets			$	1,840.3					$	598.8

Segment Financial Information

The following table summarizes segment information for the three months ended June 30, 2025:

(in millions)			Tempur Sealy North America						Tempur Sealy International						Mattress Firm						Corporate						Eliminations						Consolidated
Net sales			$	638.4					$	293.6					$	948.8					$	—					$	—					$	1,880.8
Inter-segment sales			263.5						0.1						—						—						(263.6)						—
Total net sales and inter-segment sales			$	901.9					$	293.7					$	948.8					$	—					$	(263.6)					$	1,880.8
Inter-segment royalty expense (income)			11.1						(11.1)						—						—						—						—
Gross profit			348.2						141.6						337.4						—						—						827.2
Advertising expense			103.3						24.1						62.1						—						—						189.5
Other selling and marketing expense			64.0						50.9						151.8						4.3						—						271.0
General, administrative and other expenses			41.0						29.8						56.2						48.9						—						175.9
Loss on disposal of business			9.8						—						4.1						—						—						13.9
Equity income in earnings of unconsolidated affiliates			—						(3.0)						—						—						—						(3.0)
Operating income (loss)			130.1						39.8						63.2						(53.2)						—						179.9
Interest expense, net																																	72.5
Other expense, net																																	4.7
Income before income taxes																																	102.7
Depreciation and amortization (1)			$	30.2					$	7.7					$	17.9					$	12.8					$	—					$	68.6
Capital expenditures			3.3						7.9						23.6						1.9						—						36.7

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

The following table summarizes segment information for the three months ended June 30, 2024:

(in millions)			Tempur Sealy North America						Tempur Sealy International																		Corporate						Eliminations						Consolidated
Net sales			$	978.4					$	255.2																	$	—					$	—					$	1,233.6
Inter-segment sales			0.2						—																		—						(0.2)						—
Total net sales and inter-segment sales			$	978.6					$	255.2																	$	—					$	(0.2)					$	1,233.6
Inter-segment royalty expense (income)			9.3						(9.3)																		—						—						—
Gross profit			393.7						123.9																		—						—						517.6
Advertising expense			98.5						20.8																		—						—						119.3
Other selling and marketing expense			69.1						47.0																		4.2						—						120.3
General, administrative and other expenses			45.7						27.4																		34.7						—						107.8
Equity income in earnings of unconsolidated affiliates			—						(3.1)																		—						—						(3.1)
Operating income (loss)			180.4						31.8																		(38.9)						—						173.3
Interest expense, net																																							33.4
Other income, net																																							(0.6)
Income before income taxes																																							140.5
Depreciation and amortization (1)			$	31.5					$	6.7																	$	11.8					$	—					$	50.0
Capital expenditures			16.0						8.9																		3.6						—						28.5

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

The following table summarizes segment information for the six months ended June 30, 2025:

(in millions)			Tempur Sealy North America						Tempur Sealy International						Mattress Firm						Corporate						Eliminations						Consolidated
Net sales			$	1,344.6					$	598.4					$	1,542.5					$	—					$	—					$	3,485.5
Inter-segment sales			393.6						0.3						—						—						(393.9)						—
Total net sales and inter-segment sales			$	1,738.2					$	598.7					$	1,542.5					$	—					$	(393.9)					$	3,485.5
Inter-segment royalty expense (income)			17.3						(17.3)						—						—						—						—
Gross profit			588.2						290.9						528.6						—						—						1,407.7
Advertising expense			186.9						49.8						95.7						—						—						332.4
Other selling and marketing expense			132.0						97.5						253.3						7.9						—						490.7
General, administrative and other expenses			89.1						60.5						105.5						130.3						—						385.4
Loss on disposal of business			9.8						—						4.1						—						—						13.9
Equity income in earnings of unconsolidated affiliates			—						(7.8)						—						—						—						(7.8)
Operating income (loss)			170.4						90.9						70.0						(138.2)						—						193.1
Interest expense, net																																	133.8
Other income, net																																	5.9
Income before income taxes																																	53.4
Depreciation and amortization (1)			$	61.0					$	15.1					$	34.6					$	24.0					$	—					$	134.7
Capital expenditures			11.3						14.0						32.8						2.6						—						60.7

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

The following table summarizes segment information for the six months ended June 30, 2024:

(in millions)			Tempur Sealy North America						Tempur Sealy International												Corporate						Eliminations						Consolidated
Net sales			$	1,879.5					$	543.5											$	—					$	—					$	2,423.0
Inter-segment sales			0.5						0.1												—						(0.6)						—
Total net sales and inter-segment sales			1,880.0						543.6												—						(0.6)						2,423.0
Inter-segment royalty expense (income)			16.7						(16.7)												—						—						—
Gross profit			730.4						261.5												—						—						991.9
Advertising expense			182.9						44.4												—						—						227.3
Other selling and marketing expense			138.3						92.4												8.3						—						239.0
General, administrative and other expenses			94.4						56.1												78.3						—						228.8
Equity income in earnings of unconsolidated affiliates			—						(8.0)												—						—						(8.0)
Operating income (loss)			314.8						76.6												(86.6)						—						304.8
Interest expense, net																																	67.7
Other income, net																																	(0.9)
Income before income taxes																																	238.0
Depreciation and amortization (1)			$	62.2					$	13.2											$	23.0					$	—					$	98.4
Capital expenditures			36.7						15.1												8.2						—						60.0

(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)			June 30, 2025						December 31, 2024
United States			$	902.5					$	704.1
All other			118.6						107.0
Total property, plant and equipment, net			$	1,021.1					$	811.1

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

(in millions)			June 30, 2025						December 31, 2024
United States			$	1,611.0					$	401.0
All other			229.3						197.8
Total operating lease right-of-use assets			$	1,840.3					$	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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