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Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Total Assets and Long-Lived Assets by Segment

The following table summarizes total assets by segment:

(in millions)			September 30, 2025						December 31, 2024
Tempur Sealy North America			$	5,590.3					$	5,575.2
Tempur Sealy International			1,522.7						1,477.6
Mattress Firm			7,769.4						—
Corporate			2,332.0						3,580.0
Inter-segment eliminations			(5,814.9)						(4,652.4)
Total assets			$	11,399.5					$	5,980.4

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

(in millions)			September 30, 2025						December 31, 2024
Tempur Sealy North America			$	612.3					$	687.7
Tempur Sealy International			110.5						89.6
Mattress Firm			262.7						—
Corporate			29.8						33.8
Total property, plant and equipment, net			$	1,015.3					$	811.1

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

(in millions)			September 30, 2025						December 31, 2024
Tempur Sealy North America			$	324.5					$	407.1
Tempur Sealy International			211.4						188.6
Mattress Firm			1,345.4						—
Corporate			3.1						3.1
Total operating lease right-of-use assets			$	1,884.4					$	598.8

Segment Financial Information

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

(in millions)			Tempur Sealy North America						Tempur Sealy International						Mattress Firm						Corporate						Eliminations						Consolidated
Net sales			$	736.1					$	315.7					$	1,070.8					$	—					$	—					$	2,122.6
Inter-segment sales			314.0						0.1						—						—						(314.1)						—
Total net sales and inter-segment sales			$	1,050.1					$	315.8					$	1,070.8					$	—					$	(314.1)					$	2,122.6
Inter-segment royalty expense (income)			9.6						(9.6)						—						—						—						—
Gross profit			429.6						155.1						368.1						—						—						952.8
Advertising expense			111.0						21.8						59.2						—						—						192.0
Other selling and marketing expense			62.6						50.5						170.7						5.0						—						288.8
General, administrative and other expenses			41.6						28.9						57.0						32.9						—						160.4
Equity income in earnings of unconsolidated affiliates			—						(3.1)						—						—						—						(3.1)
Operating income (loss)			$	214.4					$	57.0					$	81.2					$	(37.9)					$	—					$	314.7
Interest expense, net																																	69.9
Other expense, net																																	10.9
Income before income taxes																																	$	233.9
Depreciation and amortization (1)			$	30.0					$	7.9					$	23.1					$	15.0					$	—					$	76.0
Capital expenditures			7.1						15.2						25.1						0.5						—						47.9

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

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

(in millions)			Tempur Sealy North America						Tempur Sealy International																		Corporate						Eliminations						Consolidated
Net sales			$	1,015.3					$	284.7																	$	—					$	—					$	1,300.0
Inter-segment sales			—						—																		—						—						—
Total net sales and inter-segment sales			$	1,015.3					$	284.7																	$	—					$	—					$	1,300.0
Inter-segment royalty expense (income)			9.3						(9.3)																		—						—						—
Gross profit			410.6						140.9																		—						—						551.5
Advertising expense			98.2						21.1																		—						—						119.3
Other selling and marketing expense			67.1						43.4																		3.8						—						114.3
General, administrative and other expenses			52.0						27.2																		39.4						—						118.6
Equity income in earnings of unconsolidated affiliates			—						(2.5)																		—						—						(2.5)
Operating income (loss)			$	193.3					$	51.7																	$	(43.2)					$	—					$	201.8
Interest expense, net																																							30.8
Other expense, net																																							0.4
Income before income taxes																																							$	170.6
Depreciation and amortization (1)			$	32.3					$	7.3																	$	11.2					$	—					$	50.8
Capital expenditures			9.7						6.2																		0.5						—						16.4

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

The following table summarizes segment information for the nine months ended September 30, 2025:

(in millions)			Tempur Sealy North America						Tempur Sealy International						Mattress Firm						Corporate						Eliminations						Consolidated
Net sales			$	2,080.7					$	914.1					$	2,613.3					$	—					$	—					$	5,608.1
Inter-segment sales			707.6						0.4						—						—						(708.0)						—
Total net sales and inter-segment sales			$	2,788.3					$	914.5					$	2,613.3					$	—					$	(708.0)					$	5,608.1
Inter-segment royalty expense (income)			26.9						(26.9)						—						—						—						—
Gross profit			1,017.8						446.0						896.7						—						—						2,360.5
Advertising expense			297.9						71.6						154.9						—						—						524.4
Other selling and marketing expense			194.6						148.0						424.0						12.9						—						779.5
General, administrative and other expenses			130.7						89.4						162.5						163.2						—						545.8
Loss on disposal of business			9.8						—						4.1						—						—						13.9
Equity income in earnings of unconsolidated affiliates			—						(10.9)						—						—						—						(10.9)
Operating income (loss)			$	384.8					$	147.9					$	151.2					$	(176.1)					$	—					$	507.8
Interest expense, net																																	203.7
Other expense, net																																	16.8
Income before income taxes																																	$	287.3
Depreciation and amortization (1)			$	91.0					$	23.0					$	57.7					$	39.0					$	—					$	210.7
Capital expenditures			18.4						29.2						57.9						3.1						—						108.6

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

The following table summarizes segment information for the nine months ended September 30, 2024:

(in millions)			Tempur Sealy North America						Tempur Sealy International												Corporate						Eliminations						Consolidated
Net sales			$	2,894.8					$	828.2											$	—					$	—					$	3,723.0
Inter-segment sales			0.5						0.1												—						(0.6)						—
Total net sales and inter-segment sales			2,895.3						828.3												—						(0.6)						3,723.0
Inter-segment royalty expense (income)			26.0						(26.0)												—						—						—
Gross profit			1,141.0						402.4												—						—						1,543.4
Advertising expense			281.1						65.5												—						—						346.6
Other selling and marketing expense			205.4						135.8												12.1						—						353.3
General, administrative and other expenses			146.4						83.3												117.7						—						347.4
Equity income in earnings of unconsolidated affiliates			—						(10.5)												—						—						(10.5)
Operating income (loss)			$	508.1					$	128.3											$	(129.8)					$	—					$	506.6
Interest expense, net																																	98.5
Other income, net																																	(0.5)
Income before income taxes																																	$	408.6
Depreciation and amortization (1)			$	94.5					$	20.6											$	34.1					$	—					$	149.2
Capital expenditures			46.5						21.3												8.6						—						76.4

(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)			September 30, 2025						December 31, 2024
United States			$	887.1					$	704.1
All other			128.2						107.0
Total property, plant and equipment, net			$	1,015.3					$	811.1

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

(in millions)			September 30, 2025						December 31, 2024
United States			$	1,665.1					$	401.0
All other			219.3						197.8
Total operating lease right-of-use assets			$	1,884.4					$	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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