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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income before non-controlling interest $ 66.7 $ 183.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 116.2 79.7
Amortization of stock-based compensation 18.5 18.7
Amortization of deferred financing costs 3.4 1.9
Bad debt expense 4.3 4.0
Deferred income taxes 1.1 0.2
Dividends received from unconsolidated affiliates 6.7 6.0
Equity income in earnings of unconsolidated affiliates (7.8) (8.0)
Loss on disposal of business 13.9 0.0
Foreign currency adjustments and other 4.4 0.5
Changes in operating assets and liabilities, net of effect of business acquisitions 65.1 (5.5)
Net cash provided by operating activities 292.5 280.8
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (60.7) (60.0)
Acquisitions, net of cash acquired (2,824.5) 0.0
Other 7.1 0.3
Net cash used in investing activities (2,878.1) (59.7)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under long-term debt obligations 2,677.1 869.0
Repayments of borrowings under long-term debt obligations (1,578.6) (962.7)
Proceeds from exercise of stock options 49.1 0.3
Treasury stock repurchased (132.4) (43.8)
Dividends paid (64.4) (47.5)
Repayments of finance lease obligations and other (10.6) (10.3)
Net cash provided by (used in) financing activities 940.2 (195.0)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH 33.8 (5.2)
(Decrease) increase in cash, cash equivalents and restricted cash (1,611.6) 20.9
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 1,709.7 74.9
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 98.1 95.8
Cash paid during the period for:    
Interest 142.3 72.7
Income taxes, net of refunds 1.1 42.0
Non-cash investing activities:    
Treasury stock issued in connection with Mattress Firm Acquisition $ 2,245.1 $ 0.0