Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2017	Nov. 06, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	TEMPUR SEALY INTERNATIONAL, INC.
Entity Central Index Key	0001206264
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		54,180,629
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Net sales	$ 724.8	$ 832.4	$ 2,106.2	$ 2,357.8
Cost of sales	412.6	470.3	1,238.8	1,367.8
Gross profit	312.2	362.1	867.4	990.0
Selling and marketing expenses	155.4	175.2	461.4	498.1
General, administrative and other expenses	71.0	64.0	206.5	207.6
Customer termination charges, net	0.0	0.0	14.4	0.0
Equity income in earnings of unconsolidated affiliates	(3.5)	(2.4)	(10.6)	(8.6)
Royalty income, net of royalty expense	(5.3)	(5.8)	(15.0)	(15.1)
Operating (loss) income	94.6	131.1	210.7	308.0
Other expense, net:
Interest expense, net	32.0	20.5	76.2	65.0
Loss on extinguishment of debt	0.0	0.0	0.0	47.2
Other expense (income), net	1.1	0.3	(8.4)	0.0
Total other expense, net	33.1	20.8	67.8	112.2
Income before income taxes	61.5	110.3	142.9	195.8
Income tax provision	(20.3)	(33.7)	(48.0)	(60.2)
Net income before non-controlling interests	41.2	76.6	94.9	135.6
Less: Net loss attributable to non-controlling interests	(3.4)	(1.2)	(8.1)	(3.1)
Net income attributable to Tempur Sealy International, Inc.	$ 44.6	$ 77.8	$ 103.0	$ 138.7
Earnings per common share:
Basic (in dollars per share)	$ 0.83	$ 1.34	$ 1.91	$ 2.31
Diluted (in dollars per share)	$ 0.81	$ 1.32	$ 1.89	$ 2.28
Weighted average common shares outstanding:
Basic (in shares)	54.0	58.2	54.0	60.1
Diluted (in shares)	54.9	58.8	54.6	60.8

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income before non-controlling interests	$ 41.2	$ 76.6	$ 94.9	$ 135.6
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	9.6	(5.0)	27.7	11.8
Unrealized loss on cash flow hedging derivatives, net of tax	0.0	(0.2)	(0.6)	(6.1)
Other comprehensive income (loss), net of tax	9.6	(5.2)	27.1	5.7
Comprehensive income	50.8	71.4	122.0	141.3
Less: Comprehensive loss attributable to non-controlling interests	(3.4)	(1.2)	(8.1)	(3.1)
Comprehensive income attributable to Tempur Sealy International, Inc.	$ 54.2	$ 72.6	$ 130.1	$ 144.4

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 41.8	$ 65.7
Accounts receivable, net	363.6	345.1
Inventories	188.8	196.8
Prepaid expenses and other current assets	63.1	63.9
Total Current Assets	657.3	671.5
Property, plant and equipment, net	424.1	422.2
Goodwill	732.9	722.5
Other intangible assets, net	671.9	678.7
Deferred income taxes	27.3	22.5
Other non-current assets	221.8	185.2
Total Assets	2,735.3	2,702.6
Current Liabilities:
Accounts payable	244.7	219.3
Accrued expenses and other current liabilities	273.2	250.1
Income taxes payable	26.4	5.8
Current portion of long-term debt	66.3	70.3
Total Current Liabilities	610.6	545.5
Long-term debt, net	1,686.7	1,817.8
Deferred income taxes	160.4	174.6
Other non-current liabilities	190.0	169.3
Total Liabilities	2,647.7	2,707.2
Commitments and contingencies—see Note 8
Redeemable non-controlling interest	3.4	7.6
Total Stockholders' Equity (Deficit)	84.2	(12.2)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$ 2,735.3	$ 2,702.6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before non-controlling interests	$ 94.9	$ 135.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	60.7	54.3
Amortization of stock-based compensation	8.5	15.3
Amortization of deferred financing costs	1.6	3.0
Bad debt expense	10.1	3.2
Deferred income taxes	(18.4)	(15.7)
Dividends received from unconsolidated affiliates	8.7	7.3
Equity income in earnings of unconsolidated affiliates	(10.6)	(8.6)
Non-cash interest expense on 8.0% Sealy Notes	0.0	4.0
Loss on extinguishment of debt	0.0	47.2
(Gain) loss on sale of assets	(0.4)	0.8
Foreign currency adjustments and other	(2.3)	(1.5)
Changes in operating assets and liabilities	49.7	(135.1)
Net cash provided by operating activities	202.5	109.8
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(43.4)	(41.9)
Other	4.9	0.0
Net cash (used in) provided by investing activities	(38.5)	(41.9)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	985.9	1,871.5
Repayments of borrowings under long-term debt obligations	(1,124.7)	(1,659.3)
Proceeds from exercise of stock options	6.5	15.2
Excess tax benefit from stock-based compensation	0.0	6.0
Treasury stock repurchased	(44.9)	(319.7)
Payments of deferred financing costs	(0.5)	(6.6)
Fees paid to lenders	0.0	(7.8)
Call premium on 2020 Senior Notes	0.0	(23.6)
Other	(2.9)	0.1
Net cash provided by (used in) financing activities	(180.6)	(124.2)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(7.3)	(8.6)
(Decrease) increase in cash and cash equivalents	(23.9)	(64.9)
CASH AND CASH EQUIVALENTS, beginning of period	65.7	153.9
CASH AND CASH EQUIVALENTS, end of period	41.8	89.0
Cash paid during the period for:
Interest	59.0	41.0
Income taxes, net of refunds	$ 45.3	$ 57.2

Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

(a) Basis of Presentation and Description of Business. Tempur Sealy International, Inc., a Delaware corporation, together with its subsidiaries is a U.S. based, multinational company. The term "Tempur Sealy International" refers to Tempur Sealy International, Inc. only, and the term "Company" refers to Tempur Sealy International, Inc. and its consolidated subsidiaries.

The Company develops, manufactures, markets and sells bedding products, which include mattresses, foundations and adjustable bases, and other products, which include pillows and other accessories. The Company also derives income from royalties by licensing Sealy® and Stearns & Foster® brands, technology and trademarks to other manufacturers. The Company sells its products through two sales channels: Wholesale and Direct.

The Company’s Condensed Consolidated Financial Statements include the results of Comfort Revolution, LLC ("Comfort Revolution"), a 45.0% owned joint venture. Comfort Revolution constitutes a variable interest entity for which the Company is considered to be the primary beneficiary due to the Company's disproportionate share of the economic risk associated with its equity contribution, debt financing and other factors. The operations of Comfort Revolution are not material to the Company's Condensed Consolidated Financial Statements.

The Company also has ownership interests in a group of Asia-Pacific joint ventures to develop markets for Sealy® branded products in those regions. The Company’s ownership interest in these joint ventures is 50.0%. The equity method of accounting is used for these joint ventures, over which the Company has significant influence but does not have control, and consolidation is not otherwise required. The Company's carrying value in its equity method investments of $18.8 million and $15.5 million at September 30, 2017 and December 31, 2016, respectively, is recorded in other non-current assets within the accompanying Condensed Consolidated Balance Sheets. The Company’s equity in the net income and losses of these investments is recorded as equity income in earnings of unconsolidated affiliates in the accompanying Condensed Consolidated Statements of Income.

The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X and include all of the information and disclosures required by generally accepted accounting principles in the United States ("GAAP") for interim financial reporting. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements of the Company and related footnotes for the year ended December 31, 2016, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 24, 2017.

The results of operations for the interim periods are not necessarily indicative of results of operations for a full year. It is the opinion of management that all necessary adjustments for a fair presentation of the results of operations for the interim periods have been made and are of a recurring nature unless otherwise disclosed herein.

(b) Inventories. Inventories are stated at the lower of cost or market, determined by the first-in, first-out method, and consist of the following:



	September 30,		December 31,
(in millions)	2017		2016
Finished goods	$	127.6	$	130.1
Work-in-process	11.3		10.7
Raw materials and supplies	49.9		56.0
	$	188.8	$	196.8

(c) Accrued Sales Returns. The Company allows product returns through certain sales channels and on certain products. Estimated sales returns are provided at the time of sale based on historical sales channel return rates. Estimated future obligations related to these products are provided by a reduction of sales in the period in which the revenue is recognized. Accrued sales returns are included in accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets.

The Company had the following activity for sales returns from December 31, 2016 to September 30, 2017:



(in millions)
Balance as of December 31, 2016	$	30.3
Amounts accrued	88.1
Returns charged to accrual	(85.5		)
Balance as of September 30, 2017	$	32.9

(d) Warranties. The Company provides warranties on certain products, which vary by segment, product and brand. Estimates of warranty expenses are based primarily on historical claims experience and product testing. Estimated future obligations related to these products are charged to cost of sales in the period in which the related revenue is recognized. The Company considers the impact of recoverable salvage value on warranty costs in determining its estimate of future warranty obligations.

The Company provides warranties on mattresses with varying warranty terms. Tempur-Pedic mattresses sold in the North America segment and all Sealy mattresses have warranty terms ranging from 10 to 25 years, generally non-prorated for the first 10 to 15 years and then prorated for the balance of the warranty term. Tempur-Pedic mattresses sold in the International segment have warranty terms ranging from 5 to 15 years, non-prorated for the first 5 years and then prorated on a straight-line basis for the last 10 years of the warranty term. Tempur-Pedic pillows have a warranty term of 3 years, non-prorated.

The Company had the following activity for its accrued warranty expense from December 31, 2016 to September 30, 2017:



(in millions)
Balance as of December 31, 2016	$	29.9
Amounts accrued	29.0
Warranties charged to accrual	(20.0		)
Balance as of September 30, 2017	$	38.9

As of September 30, 2017 and December 31, 2016, $19.9 million and $14.3 million of accrued warranty expense is included as a component of accrued expenses and other current liabilities and $19.0 million and $15.6 million of accrued warranty expense is included in other non-current liabilities in the Company’s accompanying Condensed Consolidated Balance Sheets, respectively.

(e) Revenue Recognition. Sales of products are recognized when persuasive evidence of an arrangement exists, title passes to customers and the risks and rewards of ownership are transferred, the sales price is fixed or determinable and collectability is reasonably assured. The Company extends volume discounts to certain customers, as well as promotional allowances, floor sample discounts, commissions paid to retail associates and slotting fees, and reflects these amounts as a reduction of sales at the time revenue is recognized based on historical experience. The Company also reports sales net of tax assessed by qualifying governmental authorities. The Company extends credit based on the creditworthiness of its customers. No collateral is required on sales made in the normal course of business.

The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s accounts receivable. The Company regularly reviews the adequacy of its allowance for doubtful accounts. The Company determines the allowance based on historical write-off experience and current economic conditions and also considers factors such as customer credit, past transaction history with the customer and changes in customer payment terms when determining whether the collection of a customer receivable is reasonably assured. Account balances are charged off against the allowance after all reasonable means of collection have been exhausted and the potential for recovery is considered remote. The allowance for doubtful accounts included in accounts receivable, net in the accompanying Condensed Consolidated Balance Sheets was $26.7 million and $22.1 million as of September 30, 2017 and December 31, 2016, respectively.

(f) Derivative Financial Instruments. Derivative financial instruments are used in the normal course of business to manage interest rate and foreign currency exchange risks. The financial instruments used by the Company are straight-forward, non-leveraged instruments. The counterparties to these financial instruments are financial institutions with strong credit ratings. The Company maintains control over the size of positions entered into with any one counterparty and regularly monitors the credit ratings of these institutions. For all transactions designated as hedges, the hedging relationships are formally documented at the inception and on an ongoing basis in offsetting changes in cash flows of the hedged transaction.

The Company records derivative financial instruments in the Condensed Consolidated Balance Sheets as either an asset or liability measured at its fair value. Changes in a derivative's fair value (i.e. unrealized gains or losses) are recorded each period in earnings or other comprehensive income, depending on whether the derivative is designated and is effective as a hedged transaction, and on the type of hedging relationship.

For derivative financial instruments that are designated as a hedge, unrealized gains and losses related to the effective portion are either recognized in income immediately to offset the realized gain or loss on the hedged item, or are deferred and reported as a component of accumulated other comprehensive loss (“AOCL”) in stockholders' equity and subsequently recognized in net income when the hedged item affects net income. The change in fair value of the ineffective portion of a derivative financial instrument is recognized in net income immediately. The effectiveness of the cash flow hedge contracts, including time value, is assessed prospectively and retrospectively on a monthly basis using regression analysis, as well as other timing and probability criteria. For derivative instruments that are not designated as hedges, the gain or loss related to the change in fair value is also recorded in net income immediately.

The Company manages a portion of the risk associated with fluctuations in foreign currencies related to intercompany and third party inventory purchases denominated in foreign currencies through foreign exchange forward contracts designated as cash flow hedges. During 2017, the Company had foreign exchange forward contracts designated as cash flow hedges to buy U.S. dollars and to sell Canadian dollars. These foreign exchange forward contracts matured in September 2017.

The Company is also exposed to foreign currency risk related to intercompany debt and associated interest payments and certain intercompany accounts receivable and accounts payable. To manage the risk associated with fluctuations in foreign currencies related to these assets and liabilities, the Company enters into foreign exchange forward contracts. The Company considers these contracts to be economic hedges. Accordingly, changes in the fair value of these instruments affect earnings during the current period. These foreign exchange forward contracts protect against the reduction in value of forecasted foreign currency cash flows resulting from payments in foreign currencies.

The fair value of the Company's derivative financial instruments that are recorded on a recurring basis at fair value is not material.

(g) Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are also recognized for the estimated future effects of tax loss carry forwards. The effect of changes in tax rates on deferred taxes is recognized in the period in which any such change is enacted. Valuation allowances are established when necessary on a jurisdictional basis to reduce deferred tax assets to the amounts expected to be realized. The Company accounts for uncertain foreign and domestic tax positions utilizing an established recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.

(h) Customer Contract Termination. During the week of January 23, 2017, the Company was unexpectedly notified by the senior management of Mattress Firm, Inc. ("Mattress Firm") and representatives of Steinhoff International Holdings Ltd. ("Steinhoff"), its parent company, of Mattress Firm's intent to terminate its business relationship with the Company if the Company did not agree to considerable changes to its agreements with Mattress Firm, including significant economic concessions. The Company engaged in discussions to facilitate a mutually agreeable supply arrangement with Mattress Firm. However, the parties were unable to reach an agreement, and on January 27, 2017, Tempur-Pedic North America, LLC ("Tempur-Pedic") and Sealy Mattress Company ("Sealy Mattress") issued formal termination notices for all of their products to Mattress Firm. On January 30, 2017, Tempur-Pedic and Sealy Mattress entered into transition agreements with Mattress Firm in which they agreed, among other things, to continue supplying Mattress Firm until April 3, 2017, at which time the parties’ business relationship ended.

In the first quarter of 2017, the Company took steps to manage its cost structure as a result of the termination of the contracts with Mattress Firm. For the three months ended March 31, 2017, the Company recognized $25.9 million of net charges associated with the termination of the relationship with Mattress Firm. This amount includes $11.5 million of charges within cost of sales and $14.4 million of charges within customer termination charges, net in the Condensed Consolidated Statements of Income. The following amounts are recognized in cost of sales: $5.4 million of charges related to the write-off of customer-unique inventory and $6.1 million of increased warranty costs associated with claims historically retained by Mattress Firm. The following amounts are recognized in customer termination charges, net: $22.8 million of charges related to the write-off of Mattress Firm incentives and marketing assets, employee-related expenses and professional fees; and $0.9 million of accelerated stock-based compensation expense. These charges are offset by $9.3 million of benefit related to the change in estimate associated with performance-based stock compensation that is no longer probable of payout as a result of the termination of the contracts with Mattress Firm.

In the three months ended March 31, 2017, the Company also recognized $9.3 million related to the payments received pursuant to the transition agreements with Mattress Firm. This amount is included within other income, net in the Condensed Consolidated Statements of Income.

The termination of the Mattress Firm relationship was identified by the Company as an indicator of potential impairment. The Company conducted an interim impairment analysis as of March 31, 2017 of its North America reporting unit and indefinite-lived intangible assets, which indicated that the fair values were substantially in excess of their carrying values. The Company also conducted a recoverability analysis of its long-lived assets and did not identify an impairment.

Recently Issued Accounting Pronouncements

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Recently Issued Accounting Pronouncements

Revenue from Contracts with Customers

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue From Contracts With Customers, that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This ASU is based on the core principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. The new standard is effective for the Company on January 1, 2018 and the Company will be using the modified retrospective method of adoption.

The Company has conducted a risk assessment and has developed a transition plan that will enable the Company to meet the implementation requirement. Revenue streams and performance obligations include product sales, sales-based royalties and warranties. The Company's contracts also include forms of variable consideration, including rebates (volume, cash and cooperative advertising), trade or other support, free products, slotting fees, and sales returns. Based on the evaluation of the Company's current contracts and the related revenue streams and performance obligations, most will be recorded consistently under both the current and new standard. The majority of the Company's revenue transactions are not accounted for under industry-specific guidance that will be superseded by ASC 606 and generally consist of a single performance obligation to transfer promised goods.

Upon adoption of ASC 606, the Company expects the largest impacts to result from the new qualitative and quantitative disclosures that will be required upon adoption of the new standard. Other anticipated presentation and disclosure changes include the reclassification of royalty income to revenue and changes in the balance sheet classification for sales returns. Under the new standard, the Company will continue to recognize the amount of consideration received or receivable that is expected to be returned as a refund liability, representing the Company's obligation to return the customer’s consideration. The Company will also recognize a return asset (and adjust cost of sales) for the right to recover the goods returned by the customer, which will be subject to impairment assessments. The Company evaluated the impact of the adoption on the classification of cooperative advertising programs and other promotional programs with the Company's customers. The impact of adoption to these promotional programs is not expected to result in material changes in the Company's recognition or presentation of costs within the Company's consolidated statements of comprehensive income.

Leases

In February 2016, the FASB issued ASU No. 2016-02, Leases, that requires lessees to recognize most leases on the balance sheet and provides for expanded disclosures on key information about leasing arrangements. This ASU is effective for interim and annual periods beginning after December 15, 2018, however early adoption is permitted. In transition, entities are required to use a modified retrospective approach for the adoption of this ASU. The Company is currently evaluating this ASU to determine the impact it will have on the Company's Condensed Consolidated Financial Statements.

Employee Share-Based Payments

In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, that simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and the classification on the statement of cash flows. The Company adopted this ASU as of January 1, 2017. As a result of the adoption of this ASU:


•	The Company recognized all excess tax benefits and tax deficiencies as income tax expense or benefit in the Condensed Consolidated Statement of Income. The Company recognized excess tax benefits of $0.3 million and excess tax deficiencies of $0.8 million in the three and nine months ended September 30, 2017, respectively.


•	The Company is prospectively presenting these excess tax benefits and tax deficiencies as an operating activity on the Condensed Consolidated Statement of Cash Flows.

•

The Company adopted a change in accounting policy to recognize forfeitures of awards as they occur instead of estimating potential forfeitures. Historically, the Company estimated the number of awards expected to be forfeited and adjusted the estimate when it was no longer probable that employees would fulfill their service conditions. The effect of this change in accounting policy is not material.

Pensions

In March 2017, the FASB issued ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which is accounting guidance that will change how employers who sponsor defined benefit pension and/or postretirement benefit plans present the net periodic benefit cost in the Condensed Consolidated Statements of Income. This guidance requires employers to present the service cost component of net periodic benefit cost in the same caption within the Condensed Consolidated Statements of Income as other employee compensation costs from services rendered during the period. All other components of the net periodic benefit cost will be presented separately outside of the operating income caption. This guidance must be applied retrospectively and will become effective for the Company on January 1, 2018. Adoption of this guidance will result in a reclassification of pension and other postretirement plan non-service income and remeasurement adjustments, net from within operating income to non-operating income.

Goodwill

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following summarizes changes to the Company’s goodwill, by segment:



(in millions)	North America		International		Consolidated
Balance as of December 31, 2016	$	572.0	$	150.5	$	722.5
Foreign currency translation	4.9		5.5		10.4
Balance as of September 30, 2017	$	576.9	$	156.0	$	732.9

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Debt

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Debt

Debt for the Company consists of the following:



	September 30, 2017				December 31, 2016
(in millions, except percentages)	Amount			Rate	Amount			Rate	Maturity Date
2016 Credit Agreement
Term A Facility	$	562.5		(1)	$	585.0		(2)	April 6, 2021
Revolver	—			(1)	156.9			(2)	April 6, 2021
2026 Senior Notes	600.0			5.500%	600.0			5.500%	June 15, 2026
2023 Senior Notes	450.0			5.625%	450.0			5.625%	October 15, 2023
Securitized debt	46.5			(3)	—			N/A	April 12, 2019
Capital lease obligations ⁽⁴⁾	73.2				73.3				Various
Other	30.7				35.8				Various
Total debt	1,762.9				1,901.0
Less: deferred financing costs	(9.9		)		(12.9		)
Total debt, net	1,753.0				1,888.1
Less: current portion	(66.3		)		(70.3		)
Total long-term debt, net	$	1,686.7			$	1,817.8



(1)	Interest at LIBOR plus applicable margin of 1.75% as of September 30, 2017.
(2)	Interest at LIBOR plus applicable margin of 1.50% as of December 31, 2016.
(3)	Interest at one month LIBOR index plus 80 basis points.
(4)	Capital lease obligations are a non-cash financing activity.

2016 Credit Agreement

On April 6, 2016, the Company entered into a senior secured credit agreement ("2016 Credit Agreement") with a syndicate of banks. The 2016 Credit Agreement replaced the Company’s 2012 Credit Agreement.

The 2016 Credit Agreement requires compliance with certain financial covenants providing for maintenance of a minimum consolidated interest coverage ratio, maintenance of a maximum consolidated total net leverage ratio, and maintenance of a maximum consolidated secured net leverage ratio. The consolidated total net leverage ratio is calculated using consolidated funded debt less qualified cash. Consolidated funded debt includes debt recorded in the Condensed Consolidated Balance Sheets as of the reporting date, plus letters of credit outstanding and other short-term debt. The Company is allowed to subtract from consolidated funded debt an amount equal to 100.0% of domestic qualified cash and 60.0% of foreign qualified cash, the aggregate of which cannot exceed $150.0 million at the end of the reporting period. As of September 30, 2017, domestic qualified cash was $17.2 million and foreign qualified cash was $14.7 million.

The Company is in compliance with all applicable covenants as of September 30, 2017.

Securitized Debt

On April 12, 2017, the Company and certain of its subsidiaries entered into a securitization transaction with respect to certain accounts receivable due to the Company and certain of its subsidiaries (the "Accounts Receivable Securitization"). In connection with this transaction, the Company and its wholly-owned special purpose subsidiary, Tempur Sealy Receivables, LLC, entered into a credit agreement that provides for revolving loans to be made from time to time in a maximum amount that varies over the course of the year based on the seasonality of our accounts receivable and is subject to an overall limit of $120.0 million.

The obligations of the Company under the Accounts Receivable Securitization are secured by the accounts receivable and certain related rights and the facility agreements contain customary events of default. The accounts receivable will continue to be owned by the Company and its subsidiaries and will continue to be reflected as assets on the Company’s Condensed Consolidated Balance Sheets and represent collateral up to the amount of the borrowings under this facility. Borrowings under this facility will be classified as long-term debt within the Condensed Consolidated Balance Sheets.

Fair Value of Financial Instruments

Financial instruments, although not recorded at fair value on a recurring basis, include cash and cash equivalents, accounts receivable, accounts payable, and the Company's debt obligations. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximate fair value using Level 1 inputs because of the short-term maturity of those instruments. Borrowings under the 2016 Credit Agreement and the securitized debt are at variable interest rates and accordingly their carrying amounts approximate fair value. The fair value of the following material financial instruments were based on Level 2 inputs estimated using discounted cash flows and market-based expectations for interest rates, credit risk, and the contractual terms of debt instruments. The fair values of these material financial instruments are as follows:



	Fair Value
(in millions)	September 30, 2017		December 31, 2016
2023 Senior Notes	$	473.9	$	468.5
2026 Senior Notes	615.9		606.8

Stockholders' Equity

9 Months Ended

Sep. 30, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity

(a) Common Stock. Tempur Sealy International has 300.0 million authorized shares of common stock with $0.01 per share par value and 0.01 million authorized shares of preferred stock with $0.01 per share par value. The holders of the common stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders. Subject to preferences that may be applicable to any outstanding preferred stock, holders of the common stock are entitled to receive ratably such dividends as may be declared from time to time by the Board of Directors ("Board") out of funds legally available for that purpose. In the event of liquidation, dissolution or winding up, the holders of the common stock are entitled to share ratably in all assets remaining after payment of liabilities, subject to prior distribution rights of preferred stock, if any, then outstanding.

The Board is authorized, subject to any limitations prescribed by law, without further vote or action by the stockholders, to issue from time to time shares of preferred stock in one or more series. Each such series of preferred stock will have such number of shares, designations, preferences, voting powers, qualifications, and special or relative rights or privileges as determined by the Board, which may include, among others, dividend rights, voting rights, redemption and sinking fund provisions, liquidation preferences, conversion rights and preemptive rights.

(b) Treasury Stock. In February 2017, the Board authorized an increase of $200.0 million to its existing share repurchase authorization for repurchases of Tempur Sealy International's common stock. For the nine months ended September 30, 2017, the Company repurchased 0.6 million shares for approximately $40.1 million. As of September 30, 2017, the Company had approximately $226.9 million remaining under the existing share repurchase authorization.

In addition, the Company acquired 0.1 million shares upon the vesting of certain performance restricted stock units ("PRSUs"), which were withheld to satisfy tax withholding obligations during each of the nine months ended September 30, 2017 and 2016. The shares withheld were valued at the closing price of the common stock on the New York Stock Exchange on the vesting date or first business day thereafter, resulting in approximately $4.8 million and $2.0 million in treasury stock acquired during the nine months ended September 30, 2017 and 2016, respectively.

(c) Shareholder Rights Agreement. On February 8, 2017, the Board authorized and declared a dividend distribution of one right (a “Right”) for each outstanding share of common stock, par value $0.01 per share (the “Common Shares”), of the Company to stockholders of record at the close of business on February 20, 2017 (the “Record Date”). Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.01 per share (the “Preferred Shares”), of the Company at an exercise price of $90 per one one-thousandth of a Preferred Share, subject to adjustment (the “Exercise Price”). Generally, the Rights become exercisable in the event any person or group (including a group of persons that are acting in concert with each other) acquires 20% or more of the Common Shares without the approval of the Board, and until such time are inseparable from and trade with the Company's common stock. The Rights have a de minimis fair value. The Rights were issued pursuant to the Rights Agreement dated as of February 8, 2017 (the "Original Rights Agreement"), between the Company and American Stock Transfer & Trust Company, LLC ("AST"), the Company's rights agent. These Rights expire February 7, 2018 or upon an earlier redemption or exchange as provided in the Rights Agreement.

On March 14, 2017, the Company entered into an Amended and Restated Rights Agreement (the "Amended Rights Agreement") with AST, as rights agent, to amend certain provisions of the Original Rights Agreement. The primary purpose of the amendment and restatement of the Original Rights Agreement is to provide the holders of the Common Shares and the attached Rights issued under the Original Rights Agreement with the ability to exempt an offer to acquire, or engage in another business combination transaction involving, the Company that is deemed a "Qualifying Offer" (as defined in the Amended and Restated Rights Agreement) from the terms of the Amended and Restated Rights Agreement. The Rights have a de minimis fair value as of September 30, 2017.

(d) AOCL. AOCL consisted of the following:



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in millions)	2017			2016			2017			2016
Foreign Currency Translation
Balance at beginning of period	$	(101.8	)	$	(98.6	)	$	(119.9	)	$	(115.4	)
Other comprehensive income (loss):
Foreign currency translation adjustments ⁽¹⁾	9.6			(5.0		)	27.7			11.8
Balance at end of period	$	(92.2	)	$	(103.6	)	$	(92.2	)	$	(103.6	)

Pensions
Balance at beginning of period	$	(2.2	)	$	(1.4	)	$	(2.2	)	$	(1.4	)
Other comprehensive loss:
Net change from period revaluations, net of tax	—			—			—			—
Balance at end of period	$	(2.2	)	$	(1.4	)	$	(2.2	)	$	(1.4	)

Foreign Exchange Forward Contracts
Balance at beginning of period	$	—		$	0.7		$	0.6		$	6.6
Other comprehensive (loss) income:
Net change from period revaluations	(0.2		)	0.8			(0.6		)	(4.5		)
Tax (provision) benefit ⁽²⁾	—			(0.2		)	0.1			1.2
Total other comprehensive (loss) income before reclassifications, net of tax	$	(0.2	)	$	0.6		$	(0.5	)	$	(3.3	)
Net amount reclassified to earnings ⁽³⁾	0.3			(1.1		)	(0.1		)	(3.8		)
Tax (provision) benefit ⁽²⁾	(0.1		)	0.3			—			1.0
Total amount reclassified from AOCL, net of tax	$	0.2		$	(0.8	)	$	(0.1	)	$	(2.8	)
Total other comprehensive loss	—			(0.2		)	(0.6		)	(6.1		)
Balance at end of period	$	—		$	0.5		$	—		$	0.5



(1)	In 2017 and 2016, there were no tax impacts related to foreign currency translation adjustments and no amounts were reclassified to earnings.
(2)	These amounts were included in the income tax provision in the accompanying Condensed Consolidated Statements of Income.
(3)	This amount was included in cost of sales in the accompanying Condensed Consolidated Statements of Income.

Stock-Based Compensation

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

The Company’s stock-based compensation expense for the three and nine months ended September 30, 2017 and 2016 included PRSUs, non-qualified stock options, restricted stock units ("RSUs") and deferred stock units ("DSUs"). A summary of the Company’s stock-based compensation expense is presented in the following table.



	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2017		2016		2017			2016
PRSU expense (benefit)	$	1.0	$	1.8	$	(7.1	)	$	6.0
Option expense	1.8		1.2		5.6			4.0
RSU/DSU expense	3.1		1.7		10.0			5.3
Total stock-based compensation expense	$	5.9	$	4.7	$	8.5		$	15.3

During the nine months ended September 30, 2017, the Company recorded a $9.3 million benefit in the Condensed Consolidated Statements of Income related to a change in estimate associated with performance-based stock compensation that is no longer probable of payout as a result of the termination of the Mattress Firm relationship.

The Company did not record any accelerated stock-based compensation expense during each of the three months ended September 30, 2017 and 2016. During the nine months ended September 30, 2017 and 2016, the Company recorded $0.9 million and $2.0 million of accelerated stock-based compensation expense associated with executive management transition, respectively.

The Company has 1.2 million PRSUs outstanding that will vest if the Company achieves more than $650.0 million of adjusted earnings before interest, tax, depreciation and amortization ("Adjusted EBITDA") for 2017 (the "2017 Aspirational Plan PRSUs"). All of the 2017 Aspirational Plan PRSUs will vest in full if the Company achieves Adjusted EBITDA in 2017 greater than $650.0 million. In addition, if this target is not met in 2017 but the Company achieves more than $650.0 million in Adjusted EBITDA for 2018, then one-third of the total 2017 Aspirational Plan PRSUs will vest, and the remaining 2017 Aspirational Plan PRSUs will be forfeited. If the Company does not achieve more than $650.0 million of Adjusted EBITDA in either 2017 or 2018, then all of the 2017 Aspirational Plan PRSUs will be forfeited. Adjusted EBITDA is defined as the Company’s "Consolidated EBITDA" as such term is defined in the Company’s 2012 Credit Agreement.

The Company did not record any stock-based compensation expense related to the 2017 Aspirational Plan PRSUs during the three and nine months ended September 30, 2017 and 2016, as it is not considered probable that the Company will achieve the specified performance target as of December 31, 2017 or December 31, 2018. The Company will continue to evaluate the probability of achieving the performance condition in future periods and record the appropriate expense if necessary. Based on the price of the Company’s common stock on the grant date, the total unrecognized compensation expense related to this award if the performance target is met for 2017 is $83.9 million, which would be expensed over the remaining service period if achievement of the performance condition becomes probable.

During the three months ended September 30, 2017, the Company granted executive officers and certain members of management 1.5 million PRSUs if the Company achieves a certain level of Adjusted EBITDA during four consecutive fiscal quarters as described below (the "2019 Aspirational Plan PRSUs"). The 2019 Aspirational Plan PRSUs will vest based on the highest Adjusted EBITDA in any four consecutive fiscal quarter period ending between (and including) March 31, 2018 and December 31, 2019 (the “First Designated Period”). If the highest Adjusted EBITDA in the First Designated Period is $600.0 million, 66% will vest; if the highest Adjusted EBITDA equals or exceeds $650.0 million, then 100% will vest; if the highest Adjusted EBITDA is between $600.0 million and $650.0 million then a pro rata portion will vest; and if the highest Adjusted EBITDA is less than $600.0 million then one-half of the 2019 Aspirational Plan PRSUs will no longer be available for vesting based on performance and the remaining one-half will remain available for vesting based on the highest Adjusted EBITDA in any four consecutive fiscal quarter period ending between (and including) March 31, 2020 and December 31, 2020 (the “Second Designated Period”). If the highest Adjusted EBITDA in the Second Designated Period is $600.0 million then 66% of the remaining 2019 Aspirational Plan PRSUs will vest; if the Adjusted EBITDA is $650.0 million or more 100% will vest; if Adjusted EBITDA is between $600.0 million and $650.0 million then a pro rata portion will vest; and if Adjusted EBITDA is below $600.0 million then all of the remaining 2019 Aspirational Plan PRSUs will be forfeited. Adjusted EBITDA units is defined as the Company’s "Consolidated EBITDA" as such term is defined in the Company’s 2016 Credit Agreement.

The Company did not record any stock-based compensation expense related to the 2019 Aspirational Plan PRSUs during the three months ended September 30, 2017, as it is not considered probable that the Company will achieve the specified performance target for either the First Designated Period or Second Designated Period. The Company will continue to evaluate the probability of achieving the performance condition in future periods and record the appropriate expense if necessary. Based on the price of the Company’s common stock on the grant date, the total unrecognized compensation expense related to this award if the performance target is met for the First Designated Period is $90.0 million, which would be expensed over the remaining service period if achievement of the performance condition becomes probable.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies (a) Alvin Todd, and Henry and Mary Thompson, individually and on behalf of all others similarly situated, Plaintiffs v. Tempur Sealy International, Inc., formerly known as Tempur-Pedic International, Inc. and Tempur-Pedic North America, LLC, Defendants; filed October 25, 2013. On October 25, 2013, a suit was filed against Tempur Sealy International and one of its domestic subsidiaries in the United States District Court for the Northern District of California, purportedly on behalf of a proposed class of “consumers” as defined by Cal. Civ. Code § 1761(d) who purchased, not for resale, a Tempur-Pedic mattress or pillow in the State of California. On November 19, 2013, the Company was served for the first time in the case but with an amended petition adding additional class representatives for additional states. The purported classes seek certification of claims under applicable state laws. The complaint alleged that the Company engaged in unfair business practices, false advertising, and misrepresentations or omissions related to the sale of certain products. The Plaintiffs sought restitution, injunctive relief and all other relief allowed under applicable state laws, interest, attorneys’ fees and costs. The purported classes did not seek damages for physical injuries. The Court was scheduled to consider class certification motions in the fourth quarter of 2015; however, the Plaintiffs filed a Motion to Amend the Complaint, at which time the Company filed a Motion to Dismiss the Amended Complaint. A hearing on the Motion to Dismiss was held January 28, 2016 and the Court denied in part and granted in part the Company’s Motion to Dismiss, allowing certain claims to proceed. The Court considered class certification motions on August 18, 2016, and on September 30, 2016, denied the Plaintiffs’ Motion for Class Certification. In December 2016, the Ninth Circuit Court of Appeals affirmed the lower court’s decision. The Company filed a Motion to Sever the Claims made by each of the Plaintiffs on March 22, 2017 following the denial of class certification by the District Court which was affirmed by the Ninth Circuit Court of Appeals. The Plaintiffs then filed a Motion for Reconsideration at the District Court with respect to the denial of class certification on April 12, 2017 based on a change in the law. That Motion was denied on June 30, 2017. The Court also granted the Company's Motion to Sever the claims on June 30, 2017, dissolving the potential class and requiring the Plaintiffs to file individual cases in their home states if they wished to proceed. In September 2017, the Company entered into settlement agreements with each of the Plaintiffs and their cases were then dismissed by the District Court. The settlement amounts were not material in nature. (b) David Buehring, Individually and on Behalf of All Others Similarly Situated v. Tempur Sealy International, Inc., Scott L. Thompson, and Barry A. Hytinen, filed March 24, 2017. On March 24, 2017, a suit was filed against Tempur Sealy International, Inc., and two of its officers in the U.S. District Court for the Southern District of New York, purportedly on behalf of a proposed class of stockholders who purchased Tempur Sealy common stock between July 28, 2016 and January 27, 2017. The complaint alleges that the Company made materially false and misleading statements regarding its then existing and future financial prospects, including those with one of its retailers, Mattress Firm, allegedly in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The Company does not believe the claims have merit and intends to vigorously defend against these claims. A Motion to Dismiss the case was filed by the Company on October 5, 2017. The case is in the early stages of litigation. As a result, the outcome of the case is unclear and the Company is unable to reasonably estimate the possible loss or range of loss, if any. Accordingly, the Company can give no assurance that this matter will not have a material adverse effect on the Company’s financial position or results of operations. (c) Myla Gardner v. Scott L. Thompson, Barry A. Hytinen, Evelyn S. Dilsaver, John A. Heil, Jon L. Luther, Usman Nabi, Richard W. Neu, Robert B. Trussell, Jr. and Tempur Sealy International, Inc., filed July 10, 2017; Joseph L. Doherty v. Scott L. Thompson, Barry A. Hytinen, Evelyn S. Dilsaver, John A. Heil, Jon L. Luther, Usman Nabi, Richard W. Neu, Robert B. Trussell, Jr. and Tempur Sealy International, Inc., filed July 20, 2017; and Paul Onesti v. Scott L. Thompson, Barry A. Hytinen, Evelyn S. Dilsaver, John A. Heil, Jon L. Luther, Usman Nabi, Richard W. Neu, Robert B. Trussell, Jr. and Tempur Sealy International, Inc., filed July 21, 2017. During July 2017, three putative shareholder derivative suits were filed against the Company, each member of its Board of Directors and two of its officers. Each complaint alleges that the Board of Directors and officers caused the Company to make materially false and misleading statements regarding its business and financial prospects, including those with one of its retailers, Mattress Firm, which was a violation of the fiduciary duties they owed to the Company. The Company does not believe any of the suits have merit and intends to vigorously defend against the claims in each case. The Plaintiffs in each of the cases have agreed to stay their respective actions until after a decision is rendered on the Motion to Dismiss in the Buehring action noted above. These cases are in the early stages of litigation. As a result, the outcome of each case is unclear and the Company is unable to reasonably estimate the possible loss or range of loss, if any. (d) Mattress Firm, Inc. v. Tempur-Pedic North America, LLC and Sealy Mattress Company, filed March 30, 2017. On March 30, 2017, a suit was filed against Tempur-Pedic and Sealy Mattress (two wholly-owned subsidiaries of the Company) in the District Court of Harris County, Texas by Mattress Firm. The complaint alleges breach of contract, tortious interference and seeks a declaratory judgment with respect to the interpretation of its agreements with the Company. On April 7, 2017, the Company's subsidiaries named above filed suit against Mattress Firm, Inc. in the U.S. District Court for the Southern District of Texas, Houston Division seeking injunctive relief and damages for trademark infringement, unfair competition and trademark dilution in violation of the Lanham Act, and breach of contract and other state law violations. The complaint alleges that Mattress Firm violated the parties' transition agreements dated January 30, 2017, and consequently, federal and state law, by its use of the Company’s trademarks after April 3, 2017. On April 28, 2017, the complaint was amended to add a claim by Sealy Mattress for nonpayment by Mattress Firm for products sold and delivered. On May 23, 2017, the complaint was further amended to add allegations that Mattress Firm continued to use the Company’s trade names and trademarks on its website and in advertising in an inappropriate manner. On July 11, 2017, the Court issued a preliminary injunction prohibiting Mattress Firm from using the Company’s names and marks in such manner. The Company does not believe the claims asserted by Mattress Firm have merit and intends to vigorously defend against them. Discovery is proceeding in the case. The cases are in the early stages of litigation. As a result, the outcome remains unclear and the Company is unable to reasonably estimate the possible loss or range of loss, if any. Accordingly, the Company can give no assurance that these matters will not have a material adverse effect on the Company’s financial position or results of operations. (e) Other. The Company is involved in various other legal and administrative proceedings incidental to the operations of its business. The Company believes that the outcome of all such other pending proceedings in the aggregate will not have a material adverse effect on its business, financial condition, liquidity, or operating results.

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate for the three months ended September 30, 2017 and 2016 was 33.0% and 30.6%, respectively. The Company’s effective tax rate for the nine months ended September 30, 2017 and 2016 was 33.6% and 30.7%, respectively. The Company’s income tax rate for the three and nine months ended September 30, 2017 and 2016 differed from the U.S. federal statutory rate of 35.0% principally due to certain foreign income tax rate differentials, state and local income taxes, the production activities deduction, certain other permanent differences, changes in the Company’s uncertain tax positions, and for the three and nine months ended September 30, 2017, the excess tax deficiency (or benefit) related to stock-based compensation. The Company has received income tax assessments from the Danish Tax Authority ("SKAT") with respect to the tax years 2001 through 2008 relating to the royalty paid by a U.S. subsidiary of Tempur Sealy International to a Danish subsidiary (the "Danish Assessments"). The royalty is paid by the U.S. subsidiary for the right to utilize certain intangible assets owned by the Danish subsidiary in the U.S. production process. In its assessment, SKAT asserts that the amount of royalty rate paid by the U.S. subsidiary to the Danish subsidiary is not reflective of an arms-length transaction. Accordingly, the tax assessment received from SKAT is based, in part, on a 20% royalty rate, which is substantially higher than that historically used or deemed appropriate by the Company. The cumulative total tax assessment at September 30, 2017 for all years for which an assessment has been received (2001 - 2008) is approximately Danish Krone ("DKK") 1,615.6 million, including interest and penalties ($256.4 million, based on the DKK to USD exchange rate on September 30, 2017). The cumulative total tax assessment at December 31, 2016 for all years for which an assessment had been received up through that date (2001 - 2008) including interest and penalties was approximately DKK 1,547.3 million ($219.3 million, based on the DKK to USD exchange rate on December 31, 2016). If SKAT continues to issue assessments for each year not currently assessed, the Company expects the aggregate assessments for such years (2009 - 2016) to be in excess of the amounts described above as assessed for the years 2001 - 2008 (collectively the years 2001 through 2016 are referred to as the "Danish Tax Matter"). At September 30, 2017 and December 31, 2016 the Company had accrued Danish tax and interest for the Danish Tax Matter of approximately DKK 852 million (approximately $135.2 million using the September 30, 2017 exchange rate) and DKK 850 million (approximately $120.6 million using the December 31, 2016 exchange rate), respectively, as an uncertain income tax liability. On both September 30, 2017 and December 31, 2016 approximately DKK 835 million (approximately $132.6 million using the September 30, 2017 exchange rate and $118.5 million using the December 31, 2016 exchange rate) represents the amount that the Company and SKAT preliminarily agreed to in a non-binding proposed resolution for the years 2001 through 2011. The balance at September 30, 2017 and December 31, 2016, respectively, of approximately DKK 17 million (approximately $2.6 million using the September 30, 2017 exchange rate) and DKK 15 million (approximately $2.1 million using the December 31, 2016 exchange rate) may be subject to further negotiation in the future as part of an Advanced Pricing Agreement the Company may choose to pursue for years after 2011. The uncertain income tax liability accrued is included in other non-current liabilities in the Company's Condensed Consolidated Balance Sheets. In addition, at September 30, 2017 and December 31, 2016 the Company had recorded a deferred tax asset of approximately $44.3 million and $43.5 million, respectively, for the U.S. correlative benefit related to the Danish Tax Matter. The Company has recorded a valuation allowance with respect to this benefit of approximately $17.6 million for both periods related to years for which relief may not be realized. The Company’s uncertain tax liability associated with the Danish Tax Matter is derived using the cumulative probability analysis with possible outcomes based on the Company's updated evaluation of the facts and circumstances regarding this matter and applying the technical requirements applicable to U.S., Danish, and international transfer pricing standards as required by GAAP, taking into account both the U.S. and Danish income tax implications of such outcomes. Both the uncertain tax liability and the deferred tax asset discussed herein reflects the Company’s best judgment of the facts, circumstances and information available through September 30, 2017. If the Company is not successful in defending its position before the Danish National Tax Tribunal (the "Tribunal"), the appeals division within SKAT, or in the Danish courts or in negotiating a mutually acceptable settlement, there is significant risk that the Company could be required to pay significant amounts to SKAT in excess of any related reserve. Such an outcome could have a material adverse impact on the Company’s profitability and liquidity. In addition, prior to any ultimate resolution of this issue before the Tribunal or the Danish courts, based on a change in facts and circumstances, the Company may be required to further increase its uncertain tax liability associated with this matter, which could have a material impact on the Company's reported earnings. From June 2012 through September 30, 2017, SKAT withheld Value Added Tax refunds otherwise owed to the Company, pending resolution of the Danish Tax Matter. Total withheld refunds at September 30, 2017 and December 31, 2016 are approximately DKK 314.6 million (approximately $49.9 at the September 30, 2017 exchange rate) and DKK 258.0 million (approximately $36.6 million at the December 31, 2016 exchange rate), respectively. In July 2016, the Company paid a deposit to SKAT in the amount of approximately DKK 615.2 (approximately $97.6 million using the exchange rate at September 30, 2017) (the “Tax Deposit”) and applied approximately DKK 224.6 million (approximately $35.6 million using the exchange rate at September 30, 2017) of its Value Added Tax refund (the “VAT Refund Applied”) to the aforementioned potential Danish income tax liability, consistent with the Company’s reserve position for the Danish Tax Matter. The deposit was made to mitigate additional interest and foreign exchange exposure. The Tax Deposit and the VAT Refund Applied are included within other non-current assets on the Condensed Consolidated Balance Sheets. The amount of unrecognized tax benefits that would impact the effective tax rate if recognized at September 30, 2017 and December 31, 2016 would be $30.1 and $21.4 million (exclusive of interest and penalties), respectively. Interest and penalties related to unrecognized tax benefits are recorded in income tax provision. It is reasonably possible that there could be material changes to the amount of uncertain tax positions due to activities of the taxing authorities, settlement of audit issues, reassessment of existing uncertain tax positions, including the Danish Tax Matter, or the expiration of applicable statute of limitations; however, the Company is not able to estimate the impact of these items at this time. There were no significant changes to the liability for unrecognized tax benefits during the three months ended September 30, 2017.

Earnings Per Common Share

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Common Share

The following table sets forth the components of the numerator and denominator for the computation of basic and diluted earnings per share for net income attributable to Tempur Sealy International.



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions, except per common share amounts)	2017		2016		2017		2016
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$	44.6	$	77.8	$	103.0	$	138.7

Denominator:
Denominator for basic earnings per common share-weighted average shares	54.0		58.2		54.0		60.1
Effect of dilutive securities:
Employee stock-based compensation	0.9		0.6		0.6		0.7
Denominator for diluted earnings per common share-adjusted weighted average shares	54.9		58.8		54.6		60.8

Basic earnings per common share	$	0.83	$	1.34	$	1.91	$	2.31

Diluted earnings per common share	$	0.81	$	1.32	$	1.89	$	2.28

The Company excluded 1.1 million and 0.4 million shares issuable upon exercise of outstanding stock options for the three months ended September 30, 2017 and 2016, respectively, from the diluted earnings per common share computation because their exercise price was greater than the average market price of Tempur Sealy International’s common stock or they were otherwise anti-dilutive. The Company excluded 1.3 million and 0.4 million shares issuable upon exercise of outstanding stock options for the nine months ended September 30, 2017 and 2016, respectively, from the diluted earnings per common share computation because their exercise price was greater than the average market price of Tempur Sealy International’s common stock or they were otherwise anti-dilutive. Holders of non-vested stock-based compensation awards do not maintain voting rights or maintain rights to receive any dividends thereon.

Business Segment Information

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Business Segment Information

The Company operates in two segments: North America and International. Corporate operating expenses are not included in either of the segments and are presented separately as a reconciling item to consolidated results. These segments are strategic business units that are managed separately based on geography. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S. and Canada. The International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. The Company evaluates segment performance based on net sales, gross profit and operating income.

The Company’s North America and International segment assets include investments in subsidiaries that are appropriately eliminated in the Company’s accompanying Condensed Consolidated Financial Statements. The remaining inter-segment eliminations are comprised of intercompany accounts receivable and payable.

The following table summarizes total assets by segment:



(in millions)	September 30, 2017			December 31, 2016
North America	$	2,731.7		$	2,581.4
International	613.6			572.6
Corporate	604.2			658.7
Inter-segment eliminations	(1,214.2		)	(1,110.1		)
Total assets	$	2,735.3		$	2,702.6

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



(in millions)	September 30, 2017		December 31, 2016
North America	$	295.8	$	297.4
International	54.4		54.9
Corporate	73.9		69.9
Total property, plant and equipment, net	$	424.1	$	422.2

The following table summarizes segment information for the three months ended September 30, 2017:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	580.6	$	144.2		$	—		$	—		$	724.8

Inter-segment sales	$	0.9	$	0.4		$	—		$	(1.3	)	$	—
Inter-segment royalty expense (income)	1.5		(1.5		)	—			—			—
Gross profit	238.4		73.8			—			—			312.2
Operating income (loss)	99.7		20.8			(25.9		)	—			94.6
Income (loss) before income taxes	97.0		9.3			(44.8		)	—			61.5

Depreciation and amortization ⁽¹⁾	$	13.1	$	3.8		$	10.0		$	—		$	26.9
Capital expenditures	9.3		1.8			6.4			—			17.5


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

The following table summarizes segment information for the three months ended September 30, 2016:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	698.5	$	133.9		$	—		$	—		$	832.4

Inter-segment sales	$	1.0	$	0.2		$	—		$	(1.2	)	$	—
Inter-segment royalty expense (income)	1.8		(1.8		)	—			—			—
Gross profit	290.1		72.0			—			—			362.1
Operating income (loss)	128.3		25.6			(22.8		)	—			131.1
Income (loss) before income taxes	127.1		23.6			(40.4		)	—			110.3

Depreciation and amortization ⁽¹⁾	$	10.8	$	4.0		$	8.2		$	—		$	23.0
Capital expenditures	10.7		3.6			3.3			—			17.6


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

The following table summarizes segment information for the nine months ended September 30, 2017:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	1,688.3	$	417.9		$	—		$	—		$	2,106.2

Inter-segment sales	$	3.1	$	0.7		$	—		$	(3.8	)	$	—
Inter-segment royalty expense (income)	4.4		(4.4		)	—			—			—
Gross profit	651.8		215.6			—			—			867.4
Operating income (loss)	206.9		73.0			(69.2		)	—			210.7
Income (loss) before income taxes	210.7		58.0			(125.8		)	—			142.9

Depreciation and amortization ⁽¹⁾	$	38.3	$	11.1		$	19.8		$	—		$	69.2
Capital expenditures	23.0		5.4			15.0			—			43.4


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

The following table summarizes segment information for the nine months ended September 30, 2016:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	1,946.7	$	411.1		$	—		$	—		$	2,357.8

Inter-segment sales	$	3.5	$	0.4		$	—		$	(3.9	)	$	—
Inter-segment royalty expense (income)	5.6		(5.6		)	—			—			—
Gross profit	771.9		218.1			—			—			990.0
Operating income (loss)	308.9		76.1			(77.0		)	—			308.0
Income (loss) before income taxes	304.3		69.0			(177.5		)	—			195.8

Depreciation and amortization ⁽¹⁾	$	32.1	$	11.7		$	25.8		$	—		$	69.6
Capital expenditures	22.0		8.3			11.6			—			41.9


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

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



(in millions)	September 30, 2017		December 31, 2016
United States	$	362.3	$	360.7
Canada	7.4		6.6
Other International	54.4		54.9
Total property, plant and equipment, net	$	424.1	$	422.2
Total International	$	61.8	$	61.5

The following table summarizes net sales by geographic region:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)	2017		2016		2017		2016
United States	$	517.8	$	641.4	$	1,522.5	$	1,792.7
Canada	62.8		57.1		165.8		154.0
Other International	144.2		133.9		417.9		411.1
Total net sales	$	724.8	$	832.4	$	2,106.2	$	2,357.8
Total International	$	207.0	$	191.0	$	583.7	$	565.1

Guarantor/Non-Guarantor Financial Information

9 Months Ended

Sep. 30, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Guarantor/Non-Guarantor Financial Information

The $450.0 million and $600.0 million aggregate principal amount of 2023 Senior Notes and 2026 Senior Notes (collectively the "Senior Notes"), respectively, are general unsecured senior obligations of Tempur Sealy International and are fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by all of Tempur Sealy International’s 100% directly or indirectly owned current and future domestic subsidiaries (the "Combined Guarantor Subsidiaries"). The foreign subsidiaries (the "Combined Non-Guarantor Subsidiaries") represent the foreign operations of the Company and do not guarantee the Senior Notes. A subsidiary guarantor will be released from its obligations under the applicable indenture governing the Senior Notes when: (a) the subsidiary guarantor is sold or sells all or substantially all of its assets; (b) the subsidiary is declared "unrestricted" under the applicable indenture governing the Senior Notes; (c) the subsidiary’s guarantee of indebtedness under the 2016 Credit Agreement (as it may be amended, refinanced or replaced) is released (other than a discharge through repayment); or (d) the requirements for legal or covenant defeasance or discharge of the applicable indenture have been satisfied. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with the Company’s wholly-owned subsidiary guarantors and non-guarantor subsidiaries. The Company has accounted for its investments in its subsidiaries under the equity method.

The following supplemental financial information presents the Condensed Consolidated Statements of Income and Comprehensive Income for the three and nine months ended September 30, 2017 and 2016, the Condensed Consolidated Balance Sheets as of September 30, 2017 and December 31, 2016, and the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2017 and 2016 for Tempur Sealy International, Combined Guarantor Subsidiaries and Combined Non-Guarantor Subsidiaries.

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended September 30, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	520.2		$	222.8		$	(18.2	)	$	724.8
Cost of sales	—			300.4			130.4			(18.2		)	412.6
Gross profit	—			219.8			92.4			—			312.2
Selling and marketing expenses	1.4			101.7			52.3			—			155.4
General, administrative and other expenses	4.9			42.4			23.7			—			71.0
Equity income in earnings of unconsolidated affiliates	—			—			(3.5		)	—			(3.5		)
Royalty income, net of royalty expense	—			(5.3		)	—			—			(5.3		)
Operating (loss) income	(6.3		)	81.0			19.9			—			94.6

Other expense, net:
Third party interest expense, net	14.8			6.7			10.5			—			32.0
Intercompany interest (income) expense, net	(1.1		)	2.8			(1.7		)	—			—
Interest expense, net	13.7			9.5			8.8			—			32.0
Other (income) expense, net	—			(4.5		)	5.6			—			1.1
Total other expense, net	13.7			5.0			14.4			—			33.1

Income from equity investees	53.8			1.7			—			(55.5		)	—

Income before income taxes	33.8			77.7			5.5			(55.5		)	61.5
Income tax benefit (provision)	7.4			(23.9		)	(3.8		)	—			(20.3		)
Net income before non-controlling interests	41.2			53.8			1.7			(55.5		)	41.2
Less: Net loss attributable to non-controlling interests	(3.4		)	—			(3.4		)	3.4			(3.4		)
Net income attributable to Tempur Sealy International, Inc.	$	44.6		$	53.8		$	5.1		$	(58.9	)	$	44.6

Comprehensive income attributable to Tempur Sealy International, Inc.	$	54.2		$	54.0		$	14.6		$	(68.6	)	$	54.2

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended September 30, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	656.0		$	191.5		$	(15.1	)	$	832.4
Cost of sales	—			381.1			104.3			(15.1		)	470.3
Gross profit	—			274.9			87.2			—			362.1
Selling and marketing expenses	1.0			129.6			44.6			—			175.2
General, administrative and other expenses	4.0			44.5			15.5			—			64.0
Equity income in earnings of unconsolidated affiliates	—			—			(2.4		)	—			(2.4		)
Royalty income, net of royalty expense	—			(5.6		)	(0.2		)	—			(5.8		)
Operating (loss) income	(5.0		)	106.4			29.7			—			131.1

Other expense, net:
Third party interest expense, net	15.0			4.7			0.8			—			20.5
Intercompany interest (income) expense, net	(1.0		)	—			1.0			—			—
Interest expense, net	14.0			4.7			1.8			—			20.5
Other expense, net	—			—			0.3			—			0.3
Total other expense, net	14.0			4.7			2.1			—			20.8

Income from equity investees	89.0			21.1			—			(110.1		)	—

Income before income taxes	70.0			122.8			27.6			(110.1		)	110.3
Income tax benefit (provision)	6.6			(33.8		)	(6.5		)	—			(33.7		)
Net income before non-controlling interests	76.6			89.0			21.1			(110.1		)	76.6
Less: Net loss attributable to non-controlling interests	(1.2		)	(1.2		)	—			1.2			(1.2		)
Net income attributable to Tempur Sealy International, Inc.	$	77.8		$	90.2		$	21.1		$	(111.3	)	$	77.8

Comprehensive income attributable to Tempur Sealy International, Inc.	$	72.6		$	90.5		$	15.8		$	(106.3	)	$	72.6

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Nine Months Ended September 30, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations				Consolidated
Net sales	$	—		$	1,522.4		$	641.2		$	(57.4	)		$	2,106.2
Cost of sales	—			920.9			375.3			(57.4		)		1,238.8
Gross profit	—			601.5			265.9			—				867.4
Selling and marketing expenses	4.2			308.9			148.3			—				461.4
General, administrative and other expenses	13.8			132.2			60.5			—				206.5
Customer termination charges, net	(8.4		)	21.8			1.0			—				14.4
Equity income in earnings of unconsolidated affiliates	—			—			(10.6		)	—				(10.6		)
Royalty income, net of royalty expense	—			(15.0		)	—			—				(15.0		)
Operating (loss) income	(9.6		)	153.6			66.7			—				210.7

Other expense, net:
Third party interest expense, net	44.7			19.4			12.1			—				76.2
Intercompany interest (income) expense, net	(3.6		)	5.6			(2.0		)	—				—
Interest expense, net	41.1			25.0			10.1			—				76.2
Other (income) expense, net	—			(13.6		)	5.2			—			—	(8.4		)
Total other expense, net	41.1			11.4			15.3			—				67.8

Income from equity investees	129.1			33.6			—			(162.7		)		—

Income before income taxes	78.4			175.8			51.4			(162.7		)		142.9
Income tax benefit (provision)	16.5			(46.7		)	(17.8		)	—				(48.0		)
Net income before non-controlling interests	94.9			129.1			33.6			(162.7		)		94.9
Less: Net loss attributable to non-controlling interests	(8.1		)	—			(8.1		)	8.1				(8.1		)
Net income attributable to Tempur Sealy International, Inc.	$	103.0		$	129.1		$	41.7		$	(170.8	)		$	103.0

Comprehensive income attributable to Tempur Sealy International, Inc.	$	130.1		$	124.6		$	73.4		$	(198.0	)		$	130.1

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Nine Months Ended September 30, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,835.0		$	566.4		$	(43.6	)	$	2,357.8
Cost of sales	—			1,106.3			305.1			(43.6		)	1,367.8
Gross profit	—			728.7			261.3			—			990.0
Selling and marketing expenses	3.7			358.0			136.4			—			498.1
General, administrative and other expenses	12.8			146.3			48.5			—			207.6
Equity income in earnings of unconsolidated affiliates	—			—			(8.6		)	—			(8.6		)
Royalty income, net of royalty expense	—			(15.1		)	—			—			(15.1		)
Operating (loss) income	(16.5		)	239.5			85.0			—			308.0

Other expense, net:
Third party interest expense, net	51.1			11.7			2.2			—			65.0
Intercompany interest (income) expense, net	(3.1		)	(0.1		)	3.2			—			—
Interest expense, net	48.0			11.6			5.4			—			65.0
Loss on extinguishment of debt	34.3			12.9			—			—			47.2
Other (income) expense, net	—			(1.4		)	1.4			—			—
Total other expense, net	82.3			23.1			6.8			—			112.2

Income from equity investees	200.8			62.3			—			(263.1		)	—

Income before income taxes	102.0			278.7			78.2			(263.1		)	195.8
Income tax benefit (provision)	33.6			(77.9		)	(15.9		)	—			(60.2		)
Net income before non-controlling interests	135.6			200.8			62.3			(263.1		)	135.6
Less: Net loss attributable to non-controlling interests	(3.1		)	(3.1		)	—			3.1			(3.1		)
Net income attributable to Tempur Sealy International, Inc.	$	138.7		$	203.9		$	62.3		$	(266.2	)	$	138.7

Comprehensive income attributable to Tempur Sealy International, Inc.	$	144.4		$	204.9		$	67.2		$	(272.1	)	$	144.4

Supplemental Condensed Consolidated Balance Sheets

September 30, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS

Current Assets:
Cash and cash equivalents	$	0.7	$	8.0	$	33.1	$	—		$	41.8
Accounts receivable, net	—		12.6		351.0		—			363.6
Inventories	—		101.8		87.0		—			188.8
Income taxes receivable	254.1		—		—		(254.1		)	—
Prepaid expenses and other current assets	0.2		48.0		14.9		—			63.1
Total Current Assets	255.0		170.4		486.0		(254.1		)	657.3
Property, plant and equipment, net	—		348.5		75.6		—			424.1
Goodwill	—		500.2		232.7		—			732.9
Other intangible assets, net	—		580.4		91.5		—			671.9
Deferred income taxes	17.2		—		27.3		(17.2		)	27.3
Other non-current assets	—		50.1		171.7		—			221.8
Net investment in subsidiaries	2,380.8		174.2		—		(2,555.0		)	—
Due from affiliates	107.0		1,994.1		15.7		(2,116.8		)	—
Total Assets	$	2,760.0	$	3,817.9	$	1,100.5	$	(4,943.1	)	$	2,735.3

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	169.1	$	75.6	$	—		$	244.7
Accrued expenses and other current liabilities	21.4		166.6		85.2		—			273.2
Income taxes payable	—		267.0		13.5		(254.1		)	26.4
Current portion of long-term debt	—		35.5		30.8		—			66.3
Total Current Liabilities	21.4		638.2		205.1		(254.1		)	610.6
Long-term debt, net	1,041.4		598.2		47.1		—			1,686.7
Deferred income taxes	—		159.7		17.9		(17.2		)	160.4
Other non-current liabilities	—		41.0		149.0		—			190.0
Due to affiliates	1,609.6		—		507.2		(2,116.8		)	—
Total Liabilities	2,672.4		1,437.1		926.3		(2,388.1		)	2,647.7

Redeemable non-controlling interest	3.4		—		3.4		(3.4		)	3.4

Total Stockholders' Equity	84.2		2,380.8		170.8		(2,551.6		)	84.2
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,760.0	$	3,817.9	$	1,100.5	$	(4,943.1	)	$	2,735.3

Supplemental Condensed Consolidated Balance Sheets

December 31, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS

Current Assets:
Cash and cash equivalents	$	—		$	7.9	$	57.8	$	—		$	65.7
Accounts receivable, net	—			197.7		147.4		—			345.1
Inventories	—			117.1		79.7		—			196.8
Income taxes receivable	234.2			—		—		(234.2		)	—
Prepaid expenses and other current assets	—			48.9		15.0		—			63.9
Total Current Assets	234.2			371.6		299.9		(234.2		)	671.5
Property, plant and equipment, net	—			346.9		75.3		—			422.2
Goodwill	—			500.2		222.3		—			722.5
Other intangible assets, net	—			589.8		88.9		—			678.7
Deferred income taxes	20.6			—		22.5		(20.6		)	22.5
Other non-current assets	—			41.7		143.5		—			185.2
Net investment in subsidiaries	2,207.4			77.7		—		(2,285.1		)	—
Due from affiliates	168.4			1,874.7		14.3		(2,057.4		)	—
Total Assets	$	2,630.6		$	3,802.6	$	866.7	$	(4,597.3	)	$	2,702.6

LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY

Current Liabilities:
Accounts payable	$	0.1		$	157.0	$	62.2	$	—		$	219.3
Accrued expenses and other current liabilities	6.8			172.6		70.7		—			250.1
Income taxes payable	—			235.9		4.1		(234.2		)	5.8
Current portion of long-term debt	—			34.4		35.9		—			70.3
Total Current Liabilities	6.9			599.9		172.9		(234.2		)	545.5
Long-term debt, net	1,040.4			776.5		0.9		—			1,817.8
Deferred income taxes	—			174.9		20.3		(20.6		)	174.6
Other non-current liabilities	—			43.3		126.0		—			169.3
Due to affiliates	1,587.9			0.6		468.9		(2,057.4		)	—
Total Liabilities	2,635.2			1,595.2		789.0		(2,312.2		)	2,707.2

Redeemable non-controlling interest	7.6			—		7.6		(7.6		)	7.6

Total Stockholders' (Deficit) Equity	(12.2		)	2,207.4		70.1		(2,277.5		)	(12.2		)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,630.6		$	3,802.6	$	866.7	$	(4,597.3	)	$	2,702.6

Supplemental Condensed Consolidated Statements of Cash Flows

Nine Months Ended September 30, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(27.0	)	$	352.8		$	(123.3	)	$	—	$	202.5

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(35.9		)	(7.5		)	—		(43.4		)
Contributions (paid to) received from subsidiaries and affiliates	—			(159.5		)	159.5			—		—
Other	—			0.9			4.0			—		4.9
Net cash (used in) provided by investing activities	—			(194.5		)	156.0			—		(38.5		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	—			523.8			462.1			—		985.9
Repayments of borrowings under long-term debt obligations	—			(703.2		)	(421.5		)	—		(1,124.7		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	66.1			21.4			(87.5		)	—		—
Proceeds from exercise of stock options	6.5			—			—			—		6.5
Treasury stock repurchased	(44.9		)	—			—			—		(44.9		)
Payments of deferred financing costs	—			—			(0.5		)	—		(0.5		)
Other	—			(0.2		)	(2.7		)	—		(2.9		)
Net cash provided by (used in) financing activities	27.7			(158.2		)	(50.1		)	—		(180.6		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(7.3		)	—		(7.3		)
Increase (decrease) in cash and cash equivalents	0.7			0.1			(24.7		)	—		(23.9		)
CASH AND CASH EQUIVALENTS, beginning of period	—			7.9			57.8			—		65.7
CASH AND CASH EQUIVALENTS, end of period	$	0.7		$	8.0		$	33.1		$	—	$	41.8

Supplemental Condensed Consolidated Statements of Cash Flows

Nine Months Ended September 30, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(30.4	)	$	38.2		$	102.0		$	—	$	109.8

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(33.2		)	(8.7		)	—		(41.9		)
Contributions (paid to) received from subsidiaries and affiliates	—			(76.8		)	76.8			—		—
Net cash (used in) provided by investing activities	—			(110.0		)	68.1			—		(41.9		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	600.0			1,214.6			56.9			—		1,871.5
Repayments of borrowings under long-term debt obligations	(375.0		)	(1,246.6		)	(37.7		)	—		(1,659.3		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	136.5			22.6			(159.1		)	—		—
Proceeds from exercise of stock options	15.2			—			—			—		15.2
Excess tax benefit from stock-based compensation	6.0			—			—			—		6.0
Treasury stock repurchased	(319.7		)	—			—			—		(319.7		)
Payments of deferred financing costs	(3.0		)	(3.6		)	—			—		(6.6		)
Fees paid to lenders	(6.0		)	(1.8		)	—			—		(7.8		)
Call premium on 2020 Senior Notes	(23.6		)	—			—			—		(23.6		)
Other	—			(1.6		)	1.7			—		0.1
Net cash provided by (used in) financing activities	30.4			(16.4		)	(138.2		)	—		(124.2		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(8.6		)	—		(8.6		)
(Decrease) increase in cash and cash equivalents	—			(88.2		)	23.3			—		(64.9		)
CASH AND CASH EQUIVALENTS, beginning of period	—			119.7			34.2			—		153.9
CASH AND CASH EQUIVALENTS, end of period	$	—		$	31.5		$	57.5		$	—	$	89.0

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References + Details

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Basis of Presentation and Description of Business

Basis of Presentation and Description of Business. Tempur Sealy International, Inc., a Delaware corporation, together with its subsidiaries is a U.S. based, multinational company. The term "Tempur Sealy International" refers to Tempur Sealy International, Inc. only, and the term "Company" refers to Tempur Sealy International, Inc. and its consolidated subsidiaries.

Inventories

Inventories. Inventories are stated at the lower of cost or market, determined by the first-in, first-out method

Accrued Sales Returns

Accrued Sales Returns. The Company allows product returns through certain sales channels and on certain products. Estimated sales returns are provided at the time of sale based on historical sales channel return rates. Estimated future obligations related to these products are provided by a reduction of sales in the period in which the revenue is recognized. Accrued sales returns are included in accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets.

Warranties

Warranties. The Company provides warranties on certain products, which vary by segment, product and brand. Estimates of warranty expenses are based primarily on historical claims experience and product testing. Estimated future obligations related to these products are charged to cost of sales in the period in which the related revenue is recognized. The Company considers the impact of recoverable salvage value on warranty costs in determining its estimate of future warranty obligations.

Revenue Recognition

Revenue Recognition. Sales of products are recognized when persuasive evidence of an arrangement exists, title passes to customers and the risks and rewards of ownership are transferred, the sales price is fixed or determinable and collectability is reasonably assured. The Company extends volume discounts to certain customers, as well as promotional allowances, floor sample discounts, commissions paid to retail associates and slotting fees, and reflects these amounts as a reduction of sales at the time revenue is recognized based on historical experience. The Company also reports sales net of tax assessed by qualifying governmental authorities. The Company extends credit based on the creditworthiness of its customers. No collateral is required on sales made in the normal course of business.

Derivative Financial Instruments

Derivative Financial Instruments. Derivative financial instruments are used in the normal course of business to manage interest rate and foreign currency exchange risks. The financial instruments used by the Company are straight-forward, non-leveraged instruments. The counterparties to these financial instruments are financial institutions with strong credit ratings. The Company maintains control over the size of positions entered into with any one counterparty and regularly monitors the credit ratings of these institutions. For all transactions designated as hedges, the hedging relationships are formally documented at the inception and on an ongoing basis in offsetting changes in cash flows of the hedged transaction.

Income Taxes

Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are also recognized for the estimated future effects of tax loss carry forwards. The effect of changes in tax rates on deferred taxes is recognized in the period in which any such change is enacted. Valuation allowances are established when necessary on a jurisdictional basis to reduce deferred tax assets to the amounts expected to be realized. The Company accounts for uncertain foreign and domestic tax positions utilizing an established recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.

Recently Issued Accounting Pronouncements

Revenue from Contracts with Customers

Leases

Employee Share-Based Payments


•	The Company recognized all excess tax benefits and tax deficiencies as income tax expense or benefit in the Condensed Consolidated Statement of Income. The Company recognized excess tax benefits of $0.3 million and excess tax deficiencies of $0.8 million in the three and nine months ended September 30, 2017, respectively.


•	The Company is prospectively presenting these excess tax benefits and tax deficiencies as an operating activity on the Condensed Consolidated Statement of Cash Flows.

•

Pensions

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References + Details

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Schedule of inventory, current

Inventories are stated at the lower of cost or market, determined by the first-in, first-out method, and consist of the following:



	September 30,		December 31,
(in millions)	2017		2016
Finished goods	$	127.6	$	130.1
Work-in-process	11.3		10.7
Raw materials and supplies	49.9		56.0
	$	188.8	$	196.8

Changes in accrued sales returns

The Company had the following activity for sales returns from December 31, 2016 to September 30, 2017:



(in millions)
Balance as of December 31, 2016	$	30.3
Amounts accrued	88.1
Returns charged to accrual	(85.5		)
Balance as of September 30, 2017	$	32.9

Warranty activity

The Company had the following activity for its accrued warranty expense from December 31, 2016 to September 30, 2017:



(in millions)
Balance as of December 31, 2016	$	29.9
Amounts accrued	29.0
Warranties charged to accrual	(20.0		)
Balance as of September 30, 2017	$	38.9

Goodwill (Tables)

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by business segment

The following summarizes changes to the Company’s goodwill, by segment:



(in millions)	North America		International		Consolidated
Balance as of December 31, 2016	$	572.0	$	150.5	$	722.5
Foreign currency translation	4.9		5.5		10.4
Balance as of September 30, 2017	$	576.9	$	156.0	$	732.9

Debt (Tables)

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Schedule of long term debt

Debt for the Company consists of the following:



	September 30, 2017				December 31, 2016
(in millions, except percentages)	Amount			Rate	Amount			Rate	Maturity Date
2016 Credit Agreement
Term A Facility	$	562.5		(1)	$	585.0		(2)	April 6, 2021
Revolver	—			(1)	156.9			(2)	April 6, 2021
2026 Senior Notes	600.0			5.500%	600.0			5.500%	June 15, 2026
2023 Senior Notes	450.0			5.625%	450.0			5.625%	October 15, 2023
Securitized debt	46.5			(3)	—			N/A	April 12, 2019
Capital lease obligations ⁽⁴⁾	73.2				73.3				Various
Other	30.7				35.8				Various
Total debt	1,762.9				1,901.0
Less: deferred financing costs	(9.9		)		(12.9		)
Total debt, net	1,753.0				1,888.1
Less: current portion	(66.3		)		(70.3		)
Total long-term debt, net	$	1,686.7			$	1,817.8



(1)	Interest at LIBOR plus applicable margin of 1.75% as of September 30, 2017.
(2)	Interest at LIBOR plus applicable margin of 1.50% as of December 31, 2016.
(3)	Interest at one month LIBOR index plus 80 basis points.
(4)	Capital lease obligations are a non-cash financing activity.

Fair value of financial instruments

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



	Fair Value
(in millions)	September 30, 2017		December 31, 2016
2023 Senior Notes	$	473.9	$	468.5
2026 Senior Notes	615.9		606.8

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2017

Stockholders' Equity Note [Abstract]

Changes in accumulated other comprehensive loss

AOCL consisted of the following:



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in millions)	2017			2016			2017			2016
Foreign Currency Translation
Balance at beginning of period	$	(101.8	)	$	(98.6	)	$	(119.9	)	$	(115.4	)
Other comprehensive income (loss):
Foreign currency translation adjustments ⁽¹⁾	9.6			(5.0		)	27.7			11.8
Balance at end of period	$	(92.2	)	$	(103.6	)	$	(92.2	)	$	(103.6	)

Pensions
Balance at beginning of period	$	(2.2	)	$	(1.4	)	$	(2.2	)	$	(1.4	)
Other comprehensive loss:
Net change from period revaluations, net of tax	—			—			—			—
Balance at end of period	$	(2.2	)	$	(1.4	)	$	(2.2	)	$	(1.4	)

Foreign Exchange Forward Contracts
Balance at beginning of period	$	—		$	0.7		$	0.6		$	6.6
Other comprehensive (loss) income:
Net change from period revaluations	(0.2		)	0.8			(0.6		)	(4.5		)
Tax (provision) benefit ⁽²⁾	—			(0.2		)	0.1			1.2
Total other comprehensive (loss) income before reclassifications, net of tax	$	(0.2	)	$	0.6		$	(0.5	)	$	(3.3	)
Net amount reclassified to earnings ⁽³⁾	0.3			(1.1		)	(0.1		)	(3.8		)
Tax (provision) benefit ⁽²⁾	(0.1		)	0.3			—			1.0
Total amount reclassified from AOCL, net of tax	$	0.2		$	(0.8	)	$	(0.1	)	$	(2.8	)
Total other comprehensive loss	—			(0.2		)	(0.6		)	(6.1		)
Balance at end of period	$	—		$	0.5		$	—		$	0.5



(1)	In 2017 and 2016, there were no tax impacts related to foreign currency translation adjustments and no amounts were reclassified to earnings.
(2)	These amounts were included in the income tax provision in the accompanying Condensed Consolidated Statements of Income.
(3)	This amount was included in cost of sales in the accompanying Condensed Consolidated Statements of Income.

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock-based compensation expense

A summary of the Company’s stock-based compensation expense is presented in the following table.



	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2017		2016		2017			2016
PRSU expense (benefit)	$	1.0	$	1.8	$	(7.1	)	$	6.0
Option expense	1.8		1.2		5.6			4.0
RSU/DSU expense	3.1		1.7		10.0			5.3
Total stock-based compensation expense	$	5.9	$	4.7	$	8.5		$	15.3

Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Earnings per common share

The following table sets forth the components of the numerator and denominator for the computation of basic and diluted earnings per share for net income attributable to Tempur Sealy International.



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions, except per common share amounts)	2017		2016		2017		2016
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$	44.6	$	77.8	$	103.0	$	138.7

Denominator:
Denominator for basic earnings per common share-weighted average shares	54.0		58.2		54.0		60.1
Effect of dilutive securities:
Employee stock-based compensation	0.9		0.6		0.6		0.7
Denominator for diluted earnings per common share-adjusted weighted average shares	54.9		58.8		54.6		60.8

Basic earnings per common share	$	0.83	$	1.34	$	1.91	$	2.31

Diluted earnings per common share	$	0.81	$	1.32	$	1.89	$	2.28

Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Total assets and long-lived assets by segment

The following table summarizes total assets by segment:



(in millions)	September 30, 2017			December 31, 2016
North America	$	2,731.7		$	2,581.4
International	613.6			572.6
Corporate	604.2			658.7
Inter-segment eliminations	(1,214.2		)	(1,110.1		)
Total assets	$	2,735.3		$	2,702.6

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



(in millions)	September 30, 2017		December 31, 2016
North America	$	295.8	$	297.4
International	54.4		54.9
Corporate	73.9		69.9
Total property, plant and equipment, net	$	424.1	$	422.2

Segment financial information

The following table summarizes segment information for the three months ended September 30, 2017:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	580.6	$	144.2		$	—		$	—		$	724.8

Inter-segment sales	$	0.9	$	0.4		$	—		$	(1.3	)	$	—
Inter-segment royalty expense (income)	1.5		(1.5		)	—			—			—
Gross profit	238.4		73.8			—			—			312.2
Operating income (loss)	99.7		20.8			(25.9		)	—			94.6
Income (loss) before income taxes	97.0		9.3			(44.8		)	—			61.5

Depreciation and amortization ⁽¹⁾	$	13.1	$	3.8		$	10.0		$	—		$	26.9
Capital expenditures	9.3		1.8			6.4			—			17.5


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

The following table summarizes segment information for the three months ended September 30, 2016:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	698.5	$	133.9		$	—		$	—		$	832.4

Inter-segment sales	$	1.0	$	0.2		$	—		$	(1.2	)	$	—
Inter-segment royalty expense (income)	1.8		(1.8		)	—			—			—
Gross profit	290.1		72.0			—			—			362.1
Operating income (loss)	128.3		25.6			(22.8		)	—			131.1
Income (loss) before income taxes	127.1		23.6			(40.4		)	—			110.3

Depreciation and amortization ⁽¹⁾	$	10.8	$	4.0		$	8.2		$	—		$	23.0
Capital expenditures	10.7		3.6			3.3			—			17.6


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

The following table summarizes segment information for the nine months ended September 30, 2017:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	1,688.3	$	417.9		$	—		$	—		$	2,106.2

Inter-segment sales	$	3.1	$	0.7		$	—		$	(3.8	)	$	—
Inter-segment royalty expense (income)	4.4		(4.4		)	—			—			—
Gross profit	651.8		215.6			—			—			867.4
Operating income (loss)	206.9		73.0			(69.2		)	—			210.7
Income (loss) before income taxes	210.7		58.0			(125.8		)	—			142.9

Depreciation and amortization ⁽¹⁾	$	38.3	$	11.1		$	19.8		$	—		$	69.2
Capital expenditures	23.0		5.4			15.0			—			43.4


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

The following table summarizes segment information for the nine months ended September 30, 2016:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	1,946.7	$	411.1		$	—		$	—		$	2,357.8

Inter-segment sales	$	3.5	$	0.4		$	—		$	(3.9	)	$	—
Inter-segment royalty expense (income)	5.6		(5.6		)	—			—			—
Gross profit	771.9		218.1			—			—			990.0
Operating income (loss)	308.9		76.1			(77.0		)	—			308.0
Income (loss) before income taxes	304.3		69.0			(177.5		)	—			195.8

Depreciation and amortization ⁽¹⁾	$	32.1	$	11.7		$	25.8		$	—		$	69.6
Capital expenditures	22.0		8.3			11.6			—			41.9


(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, 2017		December 31, 2016
United States	$	362.3	$	360.7
Canada	7.4		6.6
Other International	54.4		54.9
Total property, plant and equipment, net	$	424.1	$	422.2
Total International	$	61.8	$	61.5

Net sales by geographic region

The following table summarizes net sales by geographic region:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in millions)	2017		2016		2017		2016
United States	$	517.8	$	641.4	$	1,522.5	$	1,792.7
Canada	62.8		57.1		165.8		154.0
Other International	144.2		133.9		417.9		411.1
Total net sales	$	724.8	$	832.4	$	2,106.2	$	2,357.8
Total International	$	207.0	$	191.0	$	583.7	$	565.1

Guarantor/Non-Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of supplemental condensed consolidated statements of income and comprehensive income

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended September 30, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	520.2		$	222.8		$	(18.2	)	$	724.8
Cost of sales	—			300.4			130.4			(18.2		)	412.6
Gross profit	—			219.8			92.4			—			312.2
Selling and marketing expenses	1.4			101.7			52.3			—			155.4
General, administrative and other expenses	4.9			42.4			23.7			—			71.0
Equity income in earnings of unconsolidated affiliates	—			—			(3.5		)	—			(3.5		)
Royalty income, net of royalty expense	—			(5.3		)	—			—			(5.3		)
Operating (loss) income	(6.3		)	81.0			19.9			—			94.6

Other expense, net:
Third party interest expense, net	14.8			6.7			10.5			—			32.0
Intercompany interest (income) expense, net	(1.1		)	2.8			(1.7		)	—			—
Interest expense, net	13.7			9.5			8.8			—			32.0
Other (income) expense, net	—			(4.5		)	5.6			—			1.1
Total other expense, net	13.7			5.0			14.4			—			33.1

Income from equity investees	53.8			1.7			—			(55.5		)	—

Income before income taxes	33.8			77.7			5.5			(55.5		)	61.5
Income tax benefit (provision)	7.4			(23.9		)	(3.8		)	—			(20.3		)
Net income before non-controlling interests	41.2			53.8			1.7			(55.5		)	41.2
Less: Net loss attributable to non-controlling interests	(3.4		)	—			(3.4		)	3.4			(3.4		)
Net income attributable to Tempur Sealy International, Inc.	$	44.6		$	53.8		$	5.1		$	(58.9	)	$	44.6

Comprehensive income attributable to Tempur Sealy International, Inc.	$	54.2		$	54.0		$	14.6		$	(68.6	)	$	54.2

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended September 30, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	656.0		$	191.5		$	(15.1	)	$	832.4
Cost of sales	—			381.1			104.3			(15.1		)	470.3
Gross profit	—			274.9			87.2			—			362.1
Selling and marketing expenses	1.0			129.6			44.6			—			175.2
General, administrative and other expenses	4.0			44.5			15.5			—			64.0
Equity income in earnings of unconsolidated affiliates	—			—			(2.4		)	—			(2.4		)
Royalty income, net of royalty expense	—			(5.6		)	(0.2		)	—			(5.8		)
Operating (loss) income	(5.0		)	106.4			29.7			—			131.1

Other expense, net:
Third party interest expense, net	15.0			4.7			0.8			—			20.5
Intercompany interest (income) expense, net	(1.0		)	—			1.0			—			—
Interest expense, net	14.0			4.7			1.8			—			20.5
Other expense, net	—			—			0.3			—			0.3
Total other expense, net	14.0			4.7			2.1			—			20.8

Income from equity investees	89.0			21.1			—			(110.1		)	—

Income before income taxes	70.0			122.8			27.6			(110.1		)	110.3
Income tax benefit (provision)	6.6			(33.8		)	(6.5		)	—			(33.7		)
Net income before non-controlling interests	76.6			89.0			21.1			(110.1		)	76.6
Less: Net loss attributable to non-controlling interests	(1.2		)	(1.2		)	—			1.2			(1.2		)
Net income attributable to Tempur Sealy International, Inc.	$	77.8		$	90.2		$	21.1		$	(111.3	)	$	77.8

Comprehensive income attributable to Tempur Sealy International, Inc.	$	72.6		$	90.5		$	15.8		$	(106.3	)	$	72.6

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Nine Months Ended September 30, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations				Consolidated
Net sales	$	—		$	1,522.4		$	641.2		$	(57.4	)		$	2,106.2
Cost of sales	—			920.9			375.3			(57.4		)		1,238.8
Gross profit	—			601.5			265.9			—				867.4
Selling and marketing expenses	4.2			308.9			148.3			—				461.4
General, administrative and other expenses	13.8			132.2			60.5			—				206.5
Customer termination charges, net	(8.4		)	21.8			1.0			—				14.4
Equity income in earnings of unconsolidated affiliates	—			—			(10.6		)	—				(10.6		)
Royalty income, net of royalty expense	—			(15.0		)	—			—				(15.0		)
Operating (loss) income	(9.6		)	153.6			66.7			—				210.7

Other expense, net:
Third party interest expense, net	44.7			19.4			12.1			—				76.2
Intercompany interest (income) expense, net	(3.6		)	5.6			(2.0		)	—				—
Interest expense, net	41.1			25.0			10.1			—				76.2
Other (income) expense, net	—			(13.6		)	5.2			—			—	(8.4		)
Total other expense, net	41.1			11.4			15.3			—				67.8

Income from equity investees	129.1			33.6			—			(162.7		)		—

Income before income taxes	78.4			175.8			51.4			(162.7		)		142.9
Income tax benefit (provision)	16.5			(46.7		)	(17.8		)	—				(48.0		)
Net income before non-controlling interests	94.9			129.1			33.6			(162.7		)		94.9
Less: Net loss attributable to non-controlling interests	(8.1		)	—			(8.1		)	8.1				(8.1		)
Net income attributable to Tempur Sealy International, Inc.	$	103.0		$	129.1		$	41.7		$	(170.8	)		$	103.0

Comprehensive income attributable to Tempur Sealy International, Inc.	$	130.1		$	124.6		$	73.4		$	(198.0	)		$	130.1

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Nine Months Ended September 30, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,835.0		$	566.4		$	(43.6	)	$	2,357.8
Cost of sales	—			1,106.3			305.1			(43.6		)	1,367.8
Gross profit	—			728.7			261.3			—			990.0
Selling and marketing expenses	3.7			358.0			136.4			—			498.1
General, administrative and other expenses	12.8			146.3			48.5			—			207.6
Equity income in earnings of unconsolidated affiliates	—			—			(8.6		)	—			(8.6		)
Royalty income, net of royalty expense	—			(15.1		)	—			—			(15.1		)
Operating (loss) income	(16.5		)	239.5			85.0			—			308.0

Other expense, net:
Third party interest expense, net	51.1			11.7			2.2			—			65.0
Intercompany interest (income) expense, net	(3.1		)	(0.1		)	3.2			—			—
Interest expense, net	48.0			11.6			5.4			—			65.0
Loss on extinguishment of debt	34.3			12.9			—			—			47.2
Other (income) expense, net	—			(1.4		)	1.4			—			—
Total other expense, net	82.3			23.1			6.8			—			112.2

Income from equity investees	200.8			62.3			—			(263.1		)	—

Income before income taxes	102.0			278.7			78.2			(263.1		)	195.8
Income tax benefit (provision)	33.6			(77.9		)	(15.9		)	—			(60.2		)
Net income before non-controlling interests	135.6			200.8			62.3			(263.1		)	135.6
Less: Net loss attributable to non-controlling interests	(3.1		)	(3.1		)	—			3.1			(3.1		)
Net income attributable to Tempur Sealy International, Inc.	$	138.7		$	203.9		$	62.3		$	(266.2	)	$	138.7

Comprehensive income attributable to Tempur Sealy International, Inc.	$	144.4		$	204.9		$	67.2		$	(272.1	)	$	144.4

Schedule of supplemental condensed consolidated balance sheets

Supplemental Condensed Consolidated Balance Sheets

September 30, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS

Current Assets:
Cash and cash equivalents	$	0.7	$	8.0	$	33.1	$	—		$	41.8
Accounts receivable, net	—		12.6		351.0		—			363.6
Inventories	—		101.8		87.0		—			188.8
Income taxes receivable	254.1		—		—		(254.1		)	—
Prepaid expenses and other current assets	0.2		48.0		14.9		—			63.1
Total Current Assets	255.0		170.4		486.0		(254.1		)	657.3
Property, plant and equipment, net	—		348.5		75.6		—			424.1
Goodwill	—		500.2		232.7		—			732.9
Other intangible assets, net	—		580.4		91.5		—			671.9
Deferred income taxes	17.2		—		27.3		(17.2		)	27.3
Other non-current assets	—		50.1		171.7		—			221.8
Net investment in subsidiaries	2,380.8		174.2		—		(2,555.0		)	—
Due from affiliates	107.0		1,994.1		15.7		(2,116.8		)	—
Total Assets	$	2,760.0	$	3,817.9	$	1,100.5	$	(4,943.1	)	$	2,735.3

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	169.1	$	75.6	$	—		$	244.7
Accrued expenses and other current liabilities	21.4		166.6		85.2		—			273.2
Income taxes payable	—		267.0		13.5		(254.1		)	26.4
Current portion of long-term debt	—		35.5		30.8		—			66.3
Total Current Liabilities	21.4		638.2		205.1		(254.1		)	610.6
Long-term debt, net	1,041.4		598.2		47.1		—			1,686.7
Deferred income taxes	—		159.7		17.9		(17.2		)	160.4
Other non-current liabilities	—		41.0		149.0		—			190.0
Due to affiliates	1,609.6		—		507.2		(2,116.8		)	—
Total Liabilities	2,672.4		1,437.1		926.3		(2,388.1		)	2,647.7

Redeemable non-controlling interest	3.4		—		3.4		(3.4		)	3.4

Total Stockholders' Equity	84.2		2,380.8		170.8		(2,551.6		)	84.2
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,760.0	$	3,817.9	$	1,100.5	$	(4,943.1	)	$	2,735.3

Supplemental Condensed Consolidated Balance Sheets

December 31, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS

Current Assets:
Cash and cash equivalents	$	—		$	7.9	$	57.8	$	—		$	65.7
Accounts receivable, net	—			197.7		147.4		—			345.1
Inventories	—			117.1		79.7		—			196.8
Income taxes receivable	234.2			—		—		(234.2		)	—
Prepaid expenses and other current assets	—			48.9		15.0		—			63.9
Total Current Assets	234.2			371.6		299.9		(234.2		)	671.5
Property, plant and equipment, net	—			346.9		75.3		—			422.2
Goodwill	—			500.2		222.3		—			722.5
Other intangible assets, net	—			589.8		88.9		—			678.7
Deferred income taxes	20.6			—		22.5		(20.6		)	22.5
Other non-current assets	—			41.7		143.5		—			185.2
Net investment in subsidiaries	2,207.4			77.7		—		(2,285.1		)	—
Due from affiliates	168.4			1,874.7		14.3		(2,057.4		)	—
Total Assets	$	2,630.6		$	3,802.6	$	866.7	$	(4,597.3	)	$	2,702.6

LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY

Current Liabilities:
Accounts payable	$	0.1		$	157.0	$	62.2	$	—		$	219.3
Accrued expenses and other current liabilities	6.8			172.6		70.7		—			250.1
Income taxes payable	—			235.9		4.1		(234.2		)	5.8
Current portion of long-term debt	—			34.4		35.9		—			70.3
Total Current Liabilities	6.9			599.9		172.9		(234.2		)	545.5
Long-term debt, net	1,040.4			776.5		0.9		—			1,817.8
Deferred income taxes	—			174.9		20.3		(20.6		)	174.6
Other non-current liabilities	—			43.3		126.0		—			169.3
Due to affiliates	1,587.9			0.6		468.9		(2,057.4		)	—
Total Liabilities	2,635.2			1,595.2		789.0		(2,312.2		)	2,707.2

Redeemable non-controlling interest	7.6			—		7.6		(7.6		)	7.6

Total Stockholders' (Deficit) Equity	(12.2		)	2,207.4		70.1		(2,277.5		)	(12.2		)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,630.6		$	3,802.6	$	866.7	$	(4,597.3	)	$	2,702.6

Schedule of supplemental condensed consolidated statements of cash flows

Supplemental Condensed Consolidated Statements of Cash Flows

Nine Months Ended September 30, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(27.0	)	$	352.8		$	(123.3	)	$	—	$	202.5

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(35.9		)	(7.5		)	—		(43.4		)
Contributions (paid to) received from subsidiaries and affiliates	—			(159.5		)	159.5			—		—
Other	—			0.9			4.0			—		4.9
Net cash (used in) provided by investing activities	—			(194.5		)	156.0			—		(38.5		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	—			523.8			462.1			—		985.9
Repayments of borrowings under long-term debt obligations	—			(703.2		)	(421.5		)	—		(1,124.7		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	66.1			21.4			(87.5		)	—		—
Proceeds from exercise of stock options	6.5			—			—			—		6.5
Treasury stock repurchased	(44.9		)	—			—			—		(44.9		)
Payments of deferred financing costs	—			—			(0.5		)	—		(0.5		)
Other	—			(0.2		)	(2.7		)	—		(2.9		)
Net cash provided by (used in) financing activities	27.7			(158.2		)	(50.1		)	—		(180.6		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(7.3		)	—		(7.3		)
Increase (decrease) in cash and cash equivalents	0.7			0.1			(24.7		)	—		(23.9		)
CASH AND CASH EQUIVALENTS, beginning of period	—			7.9			57.8			—		65.7
CASH AND CASH EQUIVALENTS, end of period	$	0.7		$	8.0		$	33.1		$	—	$	41.8

Supplemental Condensed Consolidated Statements of Cash Flows

Nine Months Ended September 30, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(30.4	)	$	38.2		$	102.0		$	—	$	109.8

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(33.2		)	(8.7		)	—		(41.9		)
Contributions (paid to) received from subsidiaries and affiliates	—			(76.8		)	76.8			—		—
Net cash (used in) provided by investing activities	—			(110.0		)	68.1			—		(41.9		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	600.0			1,214.6			56.9			—		1,871.5
Repayments of borrowings under long-term debt obligations	(375.0		)	(1,246.6		)	(37.7		)	—		(1,659.3		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	136.5			22.6			(159.1		)	—		—
Proceeds from exercise of stock options	15.2			—			—			—		15.2
Excess tax benefit from stock-based compensation	6.0			—			—			—		6.0
Treasury stock repurchased	(319.7		)	—			—			—		(319.7		)
Payments of deferred financing costs	(3.0		)	(3.6		)	—			—		(6.6		)
Fees paid to lenders	(6.0		)	(1.8		)	—			—		(7.8		)
Call premium on 2020 Senior Notes	(23.6		)	—			—			—		(23.6		)
Other	—			(1.6		)	1.7			—		0.1
Net cash provided by (used in) financing activities	30.4			(16.4		)	(138.2		)	—		(124.2		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(8.6		)	—		(8.6		)
(Decrease) increase in cash and cash equivalents	—			(88.2		)	23.3			—		(64.9		)
CASH AND CASH EQUIVALENTS, beginning of period	—			119.7			34.2			—		153.9
CASH AND CASH EQUIVALENTS, end of period	$	—		$	31.5		$	57.5		$	—	$	89.0

Summary of Significant Accounting Policies (Details)	3 Months Ended			9 Months Ended
Summary of Significant Accounting Policies (Details)	Sep. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Sep. 30, 2016 USD ($)	Sep. 30, 2017 USD ($) channel	Sep. 30, 2016 USD ($)	Dec. 31, 2016 USD ($)
Valuation and Qualifying Accounts Disclosure [Line Items]
Number of products sales channels \| channel				2
Ownership percentage	50.00%			50.00%
Net investment	$ 18,800,000			$ 18,800,000		$ 15,500,000
Revenue Recognition [Abstract]
Allowance for doubtful accounts included in accounts receivable, net	26,700,000			26,700,000		22,100,000
Accelerated amortization	0		$ 0	900,000	$ 2,000,000
Tax benefit recognized				9,300,000
Revenues	724,800,000		$ 832,400,000	2,106,200,000	$ 2,357,800,000
Mattress Firm
Revenue Recognition [Abstract]
Restructuring charges		$ 25,900,000
Tax benefit recognized		9,300,000
Revenues		9,300,000
Mattress Firm \| Cost of Sales
Revenue Recognition [Abstract]
Restructuring charges		11,500,000
Write-off of inventory		5,400,000
Warranty costs		6,100,000
Mattress Firm \| Customer Termination Charges, Net
Revenue Recognition [Abstract]
Restructuring charges		14,400,000
Write off of incentives and marketing assets, employee-related costs, and professional fees		22,800,000
Accelerated amortization		$ 900,000
Foreign Exchange Forward
Revenue Recognition [Abstract]
Notional amount
Gain (loss) on derivative expected to be reclassified
Accounts Payable and Accrued Liabilities
Warranty Term [Abstract]
Accrued warranty expense	19,900,000			19,900,000		14,300,000
Other Noncurrent Liabilities
Warranty Term [Abstract]
Accrued warranty expense	$ 19,000,000			$ 19,000,000		$ 15,600,000
Mattresses \| Non-prorated \| International
Warranty Term [Abstract]
Warranty term (in years)				5 years
Mattresses \| Prorated \| International
Warranty Term [Abstract]
Warranty term (in years)				10 years
Mattresses \| Minimum \| North America
Warranty Term [Abstract]
Warranty term (in years)				10 years
Mattresses \| Minimum \| International
Warranty Term [Abstract]
Warranty term (in years)				5 years
Mattresses \| Minimum \| Non-prorated \| North America
Warranty Term [Abstract]
Warranty term (in years)				10 years
Mattresses \| Maximum \| North America
Warranty Term [Abstract]
Warranty term (in years)				25 years
Mattresses \| Maximum \| International
Warranty Term [Abstract]
Warranty term (in years)				15 years
Mattresses \| Maximum \| Non-prorated \| North America
Warranty Term [Abstract]
Warranty term (in years)				15 years
Pillows \| North America
Warranty Term [Abstract]
Warranty term (in years)				3 years
Comfort Revolution
Valuation and Qualifying Accounts Disclosure [Line Items]
Equity method investment, ownership percentage				45.00%

Summary of Significant Accounting Policies - Schedule of inventory, current (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Finished goods	$ 127.6	$ 130.1
Work-in-process	11.3	10.7
Raw materials and supplies	49.9	56.0
Total	$ 188.8	$ 196.8

Summary of Significant Accounting Policies - Changes in accured sales returns (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017 USD ($)
Changes in Accrued Sales Returns [Roll Forward]
Beginning balance	$ 30.3
Ending balance	32.9
Sales Returns
Changes in Accrued Sales Returns [Roll Forward]
Beginning balance	30.3
Amounts accrued	88.1
Returns charged to accrual	(85.5)
Ending balance	$ 32.9

Summary of Significant Accounting Policies - Warranty activity (Details) - Warranty Reserves $ in Millions	9 Months Ended
	Sep. 30, 2017 USD ($)
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 29.9
Amounts accrued	29.0
Warranties charged to accrual	(20.0)
Ending balance	$ 38.9

Goodwill (Details) $ in Millions	9 Months Ended
Goodwill (Details) $ in Millions	Sep. 30, 2017 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 722.5
Foreign currency translation	10.4
Ending balance	732.9
North America
Goodwill [Roll Forward]
Beginning balance	572.0
Foreign currency translation	4.9
Ending balance	576.9
International
Goodwill [Roll Forward]
Beginning balance	150.5
Foreign currency translation	5.5
Ending balance	$ 156.0

Debt (Details) - USD ($)		9 Months Ended	12 Months Ended
Debt (Details) - USD ($)	Apr. 12, 2017	Sep. 30, 2017	Dec. 31, 2016
Long-term Debt, by Current and Noncurrent [Abstract]
Other		$ 30,700,000	$ 35,800,000
Total debt		1,762,900,000	1,901,000,000
Less: deferred financing costs		(9,900,000)	(12,900,000)
Total debt, net		1,753,000,000	1,888,100,000
Less: current portion		(66,300,000)	(70,300,000)
Total long-term debt, net		1,686,700,000	1,817,800,000
Revolving Credit Facility
Line of Credit Facility [Abstract]
Maximum borrowing capacity	$ 120,000,000.0
London Interbank Offered Rate (LIBOR) \| Revolving Credit Facility
Long-term Debt, by Current and Noncurrent [Abstract]
Index rate or LIBOR plus (as a percent)	80.00%
2026 Senior Notes
Long-term Debt, by Current and Noncurrent [Abstract]
Senior notes		$ 600,000,000	$ 600,000,000
Stated percentage		5.50%	5.50%
2026 Senior Notes \| Fair Value, Inputs, Level 2
Line of Credit Facility [Abstract]
Notes, fair value		$ 615,900,000	$ 606,800,000
2023 Senior Notes
Long-term Debt, by Current and Noncurrent [Abstract]
Senior notes		$ 450,000,000.0	$ 450,000,000
Stated percentage		5.625%	5.625%
2023 Senior Notes \| Fair Value, Inputs, Level 2
Line of Credit Facility [Abstract]
Notes, fair value		$ 473,900,000	$ 468,500,000
Securitized debt
Long-term Debt, by Current and Noncurrent [Abstract]
Securitized debt		$ 46,500,000	0
Securitized debt \| London Interbank Offered Rate (LIBOR)
Long-term Debt, by Current and Noncurrent [Abstract]
Index rate or LIBOR plus (as a percent)		0.80%
Capital lease obligations
Long-term Debt, by Current and Noncurrent [Abstract]
Capital lease obligations		$ 73,200,000	73,300,000
2016 Credit Agreement \| Line of Credit
Line of Credit Facility [Abstract]
Maximum percentage of domestic qualified cash allowed to be subtracted from consolidated funded debt		100.00%
Maximum percentage of foreign qualified cash allowed to be subtracted from consolidated funded debt		60.00%
Maximum amount of domestic and foreign qualified cash allowed to be subtracted from consolidated funded debt		$ 150,000,000.0
Domestic qualified cash		17,200,000
Foreign qualified cash		14,700,000
2016 Credit Agreement \| Term A Facility
Long-term Debt, by Current and Noncurrent [Abstract]
Line of credit		$ 562,500,000	$ 585,000,000
2016 Credit Agreement \| Term A Facility \| London Interbank Offered Rate (LIBOR)
Long-term Debt, by Current and Noncurrent [Abstract]
Index rate or LIBOR plus (as a percent)		1.75%	1.50%
2016 Credit Agreement \| Revolver
Long-term Debt, by Current and Noncurrent [Abstract]
Line of credit		$ 0	$ 156,900,000
2016 Credit Agreement \| Revolver \| London Interbank Offered Rate (LIBOR)
Long-term Debt, by Current and Noncurrent [Abstract]
Index rate or LIBOR plus (as a percent)		1.75%	1.50%

Stockholders' Equity (Details)	3 Months Ended	9 Months Ended
Stockholders' Equity (Details)	Sep. 30, 2017 $ / shares shares	Sep. 30, 2017 USD ($) vote $ / shares shares	Sep. 30, 2016 USD ($) shares	Feb. 28, 2017 USD ($)	Feb. 08, 2017 right $ / shares shares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock shares authorized (in shares)	300,000,000.0	300,000,000.0
Common stock par value (USD per share) \| $ / shares	$ 0.01	$ 0.01			$ 0.01
Preferred stock authorized shares (in shares)	10,000.00	10,000.00
Preferred stock par or stated value (in dollars per share) \| $ / shares	$ 0.01	$ 0.01
Common stock, number of votes granted per common share held \| vote		1
Number of rights authorized per share of outstanding common stock \| right					1
Percentage ownership of common stock outstanding required to exercise rights					20.00%
Series A Preferred Stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock par or stated value (in dollars per share) \| $ / shares					$ 0.01
Exercise price of right (in dollars per share) \| $ / shares					$ 90
Number of shares called by each right					0.001
Performance-based Restricted Stock Units
Accumulated Other Comprehensive Income (Loss) [Line Items]
Value of treasury stock acquired (in shares) \| $		$ 4,800,000	$ 2,000,000
Repurchase of shares upon vesting of PRSUs withheld to satisfy tax withholding obligations (in shares)		100,000	100,000
February 2016 Program
Accumulated Other Comprehensive Income (Loss) [Line Items]
Maximum authorized amount under stock repurchase program \| $				$ 200,000,000.0
Treasury stock acquired (in shares)	0	600,000
Value of treasury stock acquired (in shares) \| $		$ 40,100,000
Remaining shares under share repurchase authorization (in shares)	226,900,000	226,900,000

Stockholders' Equity - AOCL (Details) - USD ($)	3 Months Ended		9 Months Ended
Stockholders' Equity - AOCL (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period			$ (12,200,000)
Other comprehensive income (loss), net of tax	$ 9,600,000	$ (5,200,000)	27,100,000	$ 5,700,000
Balance at end of period	84,200,000		84,200,000
Income tax provision	0	0	0	0
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(101,800,000)	(98,600,000)	(119,900,000)	(115,400,000)
Other comprehensive income (loss), net of tax	9,600,000	(5,000,000)	27,700,000	11,800,000
Tax (provision) benefit	0	0	0	0
Balance at end of period	(92,200,000)	(103,600,000)	(92,200,000)	(103,600,000)
Reclassification	0	0	0	0
Pensions
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(2,200,000)	(1,400,000)	(2,200,000)	(1,400,000)
Other comprehensive income (loss), net of tax	0	0	0	0
Balance at end of period	(2,200,000)	(1,400,000)	(2,200,000)	(1,400,000)
Foreign Exchange Forward Contracts
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	0	700,000	600,000	6,600,000
Other comprehensive income (loss), net of tax	0	(200,000)	(600,000)	(6,100,000)
Net change from period revaluations	(200,000)	800,000	(600,000)	(4,500,000)
Tax (provision) benefits	0	(200,000)	100,000	1,200,000
Total other comprehensive (loss) income before reclassifications, net of tax	(200,000)	600,000	(500,000)	(3,300,000)
Net amount reclassified to earnings	300,000	(1,100,000)	(100,000)	(3,800,000)
Tax (provision) benefit	(100,000)	300,000	0	1,000,000
Total amount reclassified from AOCL, net of tax	200,000	(800,000)	(100,000)	(2,800,000)
Balance at end of period	0	500,000	0	500,000
Reclassification	$ (100,000)	$ 300,000	$ 0	$ 1,000,000

Other Items (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Accrued Liabilities and Other Liabilities [Abstract]
Wages and benefits	$ 55.5	$ 65.5
Advertising	44.6	48.6
Sales returns	32.9	30.3
Warranty	19.9	14.3
Rebates	10.8	8.4
Other	109.5	83.0
Total accrued liabilities	$ 273.2	$ 250.1

Stock-Based Compensation (Details) - USD ($) shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 5,900,000	$ 4,700,000	$ 8,500,000	$ 15,300,000
Tax benefit recognized			9,300,000
Accelerated amortization	0	0	900,000	2,000,000
2017 Target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	83,900,000		83,900,000
2017 Aspirational Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	0	0	0	0
PRSU expense (benefit)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 1,000,000	1,800,000	$ (7,100,000)	6,000,000
PRSU expense (benefit) \| 2017 Aspirational Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding (in shares)	1.2		1.2
Minimum Adjusted EBITDA	$ 650,000,000		$ 650,000,000
PRSU expense (benefit) \| 2017 Aspirational Plan \| 2018 Target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target shares to vest			33.33%
PRSU expense (benefit) \| 2019 Aspirational Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 0		$ 0
Grants in period	1.5
PRSU expense (benefit) \| 2019 Aspirational Plan \| First Designated Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 90,000,000		90,000,000
PRSU expense (benefit) \| 2019 Aspirational Plan \| First Designated Period \| Adjust EBITDA is $600 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	600,000,000		$ 600,000,000
Award vesting percentage			66.00%
PRSU expense (benefit) \| 2019 Aspirational Plan \| First Designated Period \| Adjusted EBITDA equals or exceeds $650 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	650,000,000		$ 650,000,000
Award vesting percentage			100.00%
PRSU expense (benefit) \| 2019 Aspirational Plan \| First Designated Period \| Adjusted EBITDA is less than $600.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	600,000,000		$ 600,000,000
PRSU expense (benefit) \| 2019 Aspirational Plan \| Second Designated Period \| Adjust EBITDA is $600 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	600,000,000		$ 600,000,000
Award vesting percentage			66.00%
PRSU expense (benefit) \| 2019 Aspirational Plan \| Second Designated Period \| Adjusted EBITDA equals or exceeds $650 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	650,000,000		$ 650,000,000
Award vesting percentage			100.00%
PRSU expense (benefit) \| 2019 Aspirational Plan \| Second Designated Period \| Adjusted EBITDA is less than $600.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	600,000,000		$ 600,000,000
Option expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,800,000	1,200,000	5,600,000	4,000,000
RSU/DSU expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	3,100,000	$ 1,700,000	10,000,000	$ 5,300,000
Minimum \| PRSU expense (benefit) \| 2019 Aspirational Plan \| First Designated Period \| Adjusted EBITDA is between $600.0 million and $650.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	600,000,000		600,000,000
Minimum \| PRSU expense (benefit) \| 2019 Aspirational Plan \| Second Designated Period \| Adjusted EBITDA is between $600.0 million and $650.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	600,000,000		600,000,000
Maximum \| PRSU expense (benefit) \| 2019 Aspirational Plan \| First Designated Period \| Adjusted EBITDA is between $600.0 million and $650.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	650,000,000		650,000,000
Maximum \| PRSU expense (benefit) \| 2019 Aspirational Plan \| Second Designated Period \| Adjusted EBITDA is between $600.0 million and $650.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 650,000,000		$ 650,000,000

Commitments and Contingencies (Details)			1 Months Ended
Commitments and Contingencies (Details)	Mar. 30, 2017 subsidiary	Mar. 24, 2017 officer	Jul. 31, 2017 officer suit
David Buehring Case
Loss Contingencies [Line Items]
Number of defendants		2
Gardner Case
Loss Contingencies [Line Items]
Number of defendants			2
New claims filed \| suit			3
Mattress Firm Case
Loss Contingencies [Line Items]
Number of defendants \| subsidiary	2

Income Taxes (Details) DKK in Millions, $ in Millions		1 Months Ended	3 Months Ended		9 Months Ended
Income Taxes (Details) DKK in Millions, $ in Millions	Sep. 30, 2017 USD ($)	Jul. 31, 2016 DKK	Sep. 30, 2017 DKK	Sep. 30, 2016	Sep. 30, 2017 DKK	Sep. 30, 2016	Sep. 30, 2017 USD ($)	Dec. 31, 2016 DKK	Dec. 31, 2016 USD ($)
Income Tax Examination [Line Items]
Effective income tax provision (as a percent)			33.00%	30.60%	33.60%	30.70%
Statutory U.S. federal income tax (as a percent)			35.00%	35.00%	35.00%	35.00%
Unrecognized tax benefits that would impact effective tax rate							$ 30.1		$ 21.4
Danish Tax Authority (SKAT) \| Foreign Tax Authority
Income Tax Examination [Line Items]
Royalty rate (as a percent)					20.00%
Cumulative total tax assessment			DKK 1,615.6		DKK 1,615.6		256.4	DKK 1,547.3	219.3
Unrecognized tax benefits			852.0		852.0		135.2	850.0	120.6
Deferred tax assets							44.3		43.5
Valuation allowance							17.6		17.6
VAT taxes withheld by tax authority			314.6		314.6		49.9	258.0	36.6
Deposit paid to SKAT	$ 97.6	DKK 615.2
VAT refund applied to income tax liability	$ 35.6				224.6
Danish Tax Authority (SKAT) \| Foreign Tax Authority \| Tax Years 2001-2011
Income Tax Examination [Line Items]
Unrecognized tax benefits			835.0		835.0		132.6	835.0	118.5
Danish Tax Authority (SKAT) \| Foreign Tax Authority \| Tax Years After 2011
Income Tax Examination [Line Items]
Unrecognized tax benefits			DKK 17.0		DKK 17.0		$ 2.6	DKK 15.0	$ 2.1

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$ 44.6	$ 77.8	$ 103.0	$ 138.7
Denominator:
Denominator for basic earnings per common share-weighted average shares (in shares)	54.0	58.2	54.0	60.1
Effect of dilutive securities:
Employee stock-based compensation (in shares)	0.9	0.6	0.6	0.7
Denominator for diluted earnings per common share-adjusted weighted average shares	54.9	58.8	54.6	60.8
Basic earnings per common share (in dollars per share)	$ 0.83	$ 1.34	$ 1.91	$ 2.31
Diluted earnings per common share (in dollars per share)	$ 0.81	$ 1.32	$ 1.89	$ 2.28
Shares excluded from diluted earnings per common share computation as anti-dilutive (in shares)	1.1	0.4	1.3	0.4

Business Segment Information (Details) $ in Millions	3 Months Ended		9 Months Ended
Business Segment Information (Details) $ in Millions	Sep. 30, 2017 USD ($)	Sep. 30, 2016 USD ($)	Sep. 30, 2017 USD ($) segment	Sep. 30, 2016 USD ($)	Dec. 31, 2016 USD ($)
Segment Reporting [Abstract]
Number of business segments \| segment			2
Segment Reporting Information [Line Items]
Total assets	$ 2,735.3		$ 2,735.3		$ 2,702.6
Total property, plant and equipment, net	424.1		424.1		422.2
Net sales	724.8	$ 832.4	2,106.2	$ 2,357.8
Inter-segment royalty expense (income)	5.3	5.8	15.0	15.1
Gross profit	312.2	362.1	867.4	990.0
Operating income (loss)	94.6	131.1	210.7	308.0
Income (loss) before income taxes	61.5	110.3	142.9	195.8
Depreciation and amortization (including stock-based compensation amortization)	26.9	23.0	69.2	69.6
Capital expenditures	17.5	17.6	43.4	41.9
Long-lived assets	424.1		424.1		422.2
United States
Segment Reporting Information [Line Items]
Net sales	517.8	641.4	1,522.5	1,792.7
Long-lived assets	362.3		362.3		360.7
Canada
Segment Reporting Information [Line Items]
Net sales	62.8	57.1	165.8	154.0
Long-lived assets	7.4		7.4		6.6
Other International
Segment Reporting Information [Line Items]
Net sales	144.2	133.9	417.9	411.1
Long-lived assets	54.4		54.4		54.9
Total International
Segment Reporting Information [Line Items]
Net sales	207.0	191.0	583.7	565.1
Long-lived assets	61.8		61.8		61.5
Operating Segments
Segment Reporting Information [Line Items]
Total property, plant and equipment, net	424.1		424.1		422.2
Operating Segments \| North America
Segment Reporting Information [Line Items]
Total assets	2,731.7		2,731.7		2,581.4
Total property, plant and equipment, net	295.8		295.8		297.4
Net sales	580.6	698.5	1,688.3	1,946.7
Gross profit	238.4	290.1	651.8	771.9
Operating income (loss)	99.7	128.3	206.9	308.9
Income (loss) before income taxes	97.0	127.1	210.7	304.3
Depreciation and amortization (including stock-based compensation amortization)	13.1	10.8	38.3	32.1
Capital expenditures	9.3	10.7	23.0	22.0
Operating Segments \| International
Segment Reporting Information [Line Items]
Total assets	613.6		613.6		572.6
Total property, plant and equipment, net	54.4		54.4		54.9
Net sales	144.2	133.9	417.9	411.1
Gross profit	73.8	72.0	215.6	218.1
Operating income (loss)	20.8	25.6	73.0	76.1
Income (loss) before income taxes	9.3	23.6	58.0	69.0
Depreciation and amortization (including stock-based compensation amortization)	3.8	4.0	11.1	11.7
Capital expenditures	1.8	3.6	5.4	8.3
Corporate
Segment Reporting Information [Line Items]
Total assets	604.2		604.2		658.7
Total property, plant and equipment, net	73.9		73.9		69.9
Operating income (loss)	(25.9)	(22.8)	(69.2)	(77.0)
Income (loss) before income taxes	(44.8)	(40.4)	(125.8)	(177.5)
Depreciation and amortization (including stock-based compensation amortization)	10.0	8.2	19.8	25.8
Capital expenditures	6.4	3.3	15.0	11.6
Inter-segment eliminations
Segment Reporting Information [Line Items]
Total assets	(1,214.2)		(1,214.2)		$ (1,110.1)
Net sales	(1.3)	(1.2)	(3.8)	(3.9)
Inter-segment eliminations \| North America
Segment Reporting Information [Line Items]
Net sales	0.9	1.0	3.1	3.5
Inter-segment royalty expense (income)	1.5	1.8	4.4	5.6
Inter-segment eliminations \| International
Segment Reporting Information [Line Items]
Net sales	0.4	0.2	0.7	0.4
Inter-segment royalty expense (income)	$ (1.5)	$ (1.8)	$ (4.4)	$ (5.6)

Guarantor/Non-Guarantor Financial Information - Narrative (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Tempur Sealy International, Inc. (Ultimate Parent)
Debt Instrument [Line Items]
Ownership percentage by parent (in hundredths)	100.00%
2023 Senior Notes
Debt Instrument [Line Items]
Senior notes	$ 450,000,000.0	$ 450,000,000
2026 Senior Notes
Debt Instrument [Line Items]
Senior notes	$ 600,000,000	$ 600,000,000

Guarantor/Non-Guarantor Financial Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Dec. 31, 2016
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	$ 724.8	$ 832.4	$ 2,106.2	$ 2,357.8
Cost of sales	412.6	470.3	1,238.8	1,367.8
Gross profit	312.2	362.1	867.4	990.0
Selling and marketing expenses	155.4	175.2	461.4	498.1
General, administrative and other expenses	71.0	64.0	206.5	207.6
Customer termination charges, net	0.0	0.0	14.4	0.0
Equity income in earnings of unconsolidated affiliates	(3.5)	(2.4)	(10.6)	(8.6)
Royalty income, net of royalty expense	(5.3)	(5.8)	(15.0)	(15.1)
Operating (loss) income	94.6	131.1	210.7	308.0
Other expense, net:
Interest expense, net	32.0	20.5	76.2	65.0
Loss on extinguishment of debt	0.0	0.0	0.0	(47.2)
Other (income) expense, net	1.1	0.3	(8.4)	0.0
Total other expense, net	33.1	20.8	67.8	112.2
Income before income taxes	61.5	110.3	142.9	195.8
Income tax benefit (provision)	(20.3)	(33.7)	(48.0)	(60.2)
Net income before non-controlling interests	41.2	76.6	94.9	135.6
Less: Net loss attributable to non-controlling interests	(3.4)	(1.2)	(8.1)	(3.1)
Net income attributable to Tempur Sealy International, Inc.	44.6	77.8	103.0	138.7
Comprehensive income attributable to Tempur Sealy International, Inc.	54.2	72.6	130.1	144.4
Current Assets:
Cash and cash equivalents	41.8	89.0	65.7	153.9	$ 41.8	$ 65.7
Accounts receivable, net					363.6	345.1
Inventories					188.8	196.8
Prepaid expenses and other current assets					63.1	63.9
Total Current Assets					657.3	671.5
Property, plant and equipment, net					424.1	422.2
Goodwill					732.9	722.5
Other intangible assets, net					671.9	678.7
Deferred income taxes					27.3	22.5
Other non-current assets					221.8	185.2
Total Assets					2,735.3	2,702.6
Current Liabilities:
Accounts payable					244.7	219.3
Accrued expenses and other current liabilities					273.2	250.1
Income taxes payable					26.4	5.8
Current portion of long-term debt					66.3	70.3
Total Current Liabilities					610.6	545.5
Long-term debt, net					1,686.7	1,817.8
Deferred income taxes					160.4	174.6
Other non-current liabilities					190.0	169.3
Total Liabilities					2,647.7	2,707.2
Redeemable non-controlling interest					3.4	7.6
Total Stockholders' Equity					84.2	(12.2)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity					2,735.3	2,702.6
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash (used in) provided by operating activities			202.5	109.8
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(17.5)	(17.6)	(43.4)	(41.9)
Other			4.9	0.0
Net cash (used in) provided by investing activities			(38.5)	(41.9)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations			985.9	1,871.5
Repayments of borrowings under long-term debt obligations			(1,124.7)	(1,659.3)
Proceeds from exercise of stock options			6.5	15.2
Excess tax benefit from stock-based compensation			0.0	6.0
Treasury stock repurchased			(44.9)	(319.7)
Payments of deferred financing costs			(0.5)	(6.6)
Fees paid to lenders			0.0	(7.8)
Call premium on 2020 Senior Notes			0.0	(23.6)
Other			(2.9)	0.1
Net cash provided by (used in) financing activities			(180.6)	(124.2)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS			(7.3)	(8.6)
(Decrease) increase in cash and cash equivalents			(23.9)	(64.9)
CASH AND CASH EQUIVALENTS, beginning of period			65.7	153.9
CASH AND CASH EQUIVALENTS, end of period	41.8	89.0	41.8	89.0
Consolidated
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	724.8	832.4	2,106.2	2,357.8
Cost of sales	412.6	470.3	1,238.8	1,367.8
Gross profit	312.2	362.1	867.4	990.0
Selling and marketing expenses	155.4	175.2	461.4	498.1
General, administrative and other expenses	71.0	64.0	206.5	207.6
Customer termination charges, net			14.4
Equity income in earnings of unconsolidated affiliates	(3.5)	(2.4)	(10.6)	(8.6)
Royalty income, net of royalty expense	(5.3)	(5.8)	(15.0)	(15.1)
Operating (loss) income	94.6	131.1	210.7	308.0
Other expense, net:
Third party interest expense, net	32.0	20.5	76.2	65.0
Intercompany interest (income) expense, net	0.0	0.0	0.0	0.0
Interest expense, net	32.0	20.5	76.2	65.0
Loss on extinguishment of debt				(47.2)
Other (income) expense, net	1.1	0.3	(8.4)	0.0
Total other expense, net	33.1	20.8	67.8	112.2
Income from equity investees	0.0	0.0	0.0	0.0
Income before income taxes	61.5	110.3	142.9	195.8
Income tax benefit (provision)	(20.3)	(33.7)	(48.0)	(60.2)
Net income before non-controlling interests	41.2	76.6	94.9	135.6
Less: Net loss attributable to non-controlling interests	(3.4)	(1.2)	(8.1)	(3.1)
Net income attributable to Tempur Sealy International, Inc.	44.6	77.8	103.0	138.7
Comprehensive income attributable to Tempur Sealy International, Inc.	54.2	72.6	130.1	144.4
Current Assets:
Cash and cash equivalents	41.8	89.0	65.7	153.9	41.8	65.7
Accounts receivable, net					363.6	345.1
Inventories					188.8	196.8
Income taxes receivable					0.0	0.0
Prepaid expenses and other current assets					63.1	63.9
Total Current Assets					657.3	671.5
Property, plant and equipment, net					424.1	422.2
Goodwill					732.9	722.5
Other intangible assets, net					671.9	678.7
Deferred income taxes					27.3	22.5
Other non-current assets					221.8	185.2
Net investment in subsidiaries					0.0	0.0
Due from affiliates					0.0	0.0
Total Assets					2,735.3	2,702.6
Current Liabilities:
Accounts payable					244.7	219.3
Accrued expenses and other current liabilities					273.2	250.1
Income taxes payable					26.4	5.8
Current portion of long-term debt					66.3	70.3
Total Current Liabilities					610.6	545.5
Long-term debt, net					1,686.7	1,817.8
Deferred income taxes					160.4	174.6
Other non-current liabilities					190.0	169.3
Due to affiliates					0.0	0.0
Total Liabilities					2,647.7	2,707.2
Redeemable non-controlling interest					3.4	7.6
Total Stockholders' Equity					84.2	(12.2)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity					2,735.3	2,702.6
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash (used in) provided by operating activities			202.5	109.8
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment			(43.4)	(41.9)
Contributions (paid to) received from subsidiaries and affiliates			0.0	0.0
Other			4.9
Net cash (used in) provided by investing activities			(38.5)	(41.9)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations			985.9	1,871.5
Repayments of borrowings under long-term debt obligations			(1,124.7)	(1,659.3)
Net activity in investment in and advances from (to) subsidiaries and affiliates			0.0	0.0
Proceeds from exercise of stock options			6.5	15.2
Excess tax benefit from stock-based compensation				6.0
Treasury stock repurchased			(44.9)	(319.7)
Payments of deferred financing costs			(0.5)	(6.6)
Fees paid to lenders				(7.8)
Call premium on 2020 Senior Notes				(23.6)
Other			(2.9)	0.1
Net cash provided by (used in) financing activities			(180.6)	(124.2)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS			(7.3)	(8.6)
(Decrease) increase in cash and cash equivalents			(23.9)	(64.9)
CASH AND CASH EQUIVALENTS, beginning of period			65.7	153.9
CASH AND CASH EQUIVALENTS, end of period	41.8	89.0	41.8	89.0
Reportable Legal Entities \| Tempur Sealy International, Inc. (Ultimate Parent)
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	0.0	0.0	0.0	0.0
Cost of sales	0.0	0.0	0.0	0.0
Gross profit	0.0	0.0	0.0	0.0
Selling and marketing expenses	1.4	1.0	4.2	3.7
General, administrative and other expenses	4.9	4.0	13.8	12.8
Customer termination charges, net			(8.4)
Equity income in earnings of unconsolidated affiliates	0.0	0.0	0.0	0.0
Royalty income, net of royalty expense	0.0	0.0	0.0	0.0
Operating (loss) income	(6.3)	(5.0)	(9.6)	(16.5)
Other expense, net:
Third party interest expense, net	14.8	15.0	44.7	51.1
Intercompany interest (income) expense, net	(1.1)	(1.0)	(3.6)	(3.1)
Interest expense, net	13.7	14.0	41.1	48.0
Loss on extinguishment of debt				(34.3)
Other (income) expense, net	0.0	0.0	0.0	0.0
Total other expense, net	13.7	14.0	41.1	82.3
Income from equity investees	53.8	89.0	129.1	200.8
Income before income taxes	33.8	70.0	78.4	102.0
Income tax benefit (provision)	7.4	6.6	16.5	33.6
Net income before non-controlling interests	41.2	76.6	94.9	135.6
Less: Net loss attributable to non-controlling interests	(3.4)	(1.2)	(8.1)	(3.1)
Net income attributable to Tempur Sealy International, Inc.	44.6	77.8	103.0	138.7
Comprehensive income attributable to Tempur Sealy International, Inc.	54.2	72.6	130.1	144.4
Current Assets:
Cash and cash equivalents	0.7	0.0	0.0	0.0	0.7	0.0
Accounts receivable, net					0.0	0.0
Inventories					0.0	0.0
Income taxes receivable					254.1	234.2
Prepaid expenses and other current assets					0.2	0.0
Total Current Assets					255.0	234.2
Property, plant and equipment, net					0.0	0.0
Goodwill					0.0	0.0
Other intangible assets, net					0.0	0.0
Deferred income taxes					17.2	20.6
Other non-current assets					0.0	0.0
Net investment in subsidiaries					2,380.8	2,207.4
Due from affiliates					107.0	168.4
Total Assets					2,760.0	2,630.6
Current Liabilities:
Accounts payable					0.0	0.1
Accrued expenses and other current liabilities					21.4	6.8
Income taxes payable					0.0	0.0
Current portion of long-term debt					0.0	0.0
Total Current Liabilities					21.4	6.9
Long-term debt, net					1,041.4	1,040.4
Deferred income taxes					0.0	0.0
Other non-current liabilities					0.0	0.0
Due to affiliates					1,609.6	1,587.9
Total Liabilities					2,672.4	2,635.2
Redeemable non-controlling interest					3.4	7.6
Total Stockholders' Equity					84.2	(12.2)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity					2,760.0	2,630.6
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash (used in) provided by operating activities			(27.0)	(30.4)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment			0.0	0.0
Contributions (paid to) received from subsidiaries and affiliates			0.0	0.0
Other			0.0
Net cash (used in) provided by investing activities			0.0	0.0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations			0.0	600.0
Repayments of borrowings under long-term debt obligations			0.0	(375.0)
Net activity in investment in and advances from (to) subsidiaries and affiliates			66.1	136.5
Proceeds from exercise of stock options			6.5	15.2
Excess tax benefit from stock-based compensation				6.0
Treasury stock repurchased			(44.9)	(319.7)
Payments of deferred financing costs			0.0	(3.0)
Fees paid to lenders				(6.0)
Call premium on 2020 Senior Notes				(23.6)
Other			0.0	0.0
Net cash provided by (used in) financing activities			27.7	30.4
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS			0.0	0.0
(Decrease) increase in cash and cash equivalents			0.7	0.0
CASH AND CASH EQUIVALENTS, beginning of period			0.0	0.0
CASH AND CASH EQUIVALENTS, end of period	0.7	0.0	0.7	0.0
Reportable Legal Entities \| Combined Guarantor Subsidiaries
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	520.2	656.0	1,522.4	1,835.0
Cost of sales	300.4	381.1	920.9	1,106.3
Gross profit	219.8	274.9	601.5	728.7
Selling and marketing expenses	101.7	129.6	308.9	358.0
General, administrative and other expenses	42.4	44.5	132.2	146.3
Customer termination charges, net			21.8
Equity income in earnings of unconsolidated affiliates	0.0	0.0	0.0	0.0
Royalty income, net of royalty expense	(5.3)	(5.6)	(15.0)	(15.1)
Operating (loss) income	81.0	106.4	153.6	239.5
Other expense, net:
Third party interest expense, net	6.7	4.7	19.4	11.7
Intercompany interest (income) expense, net	2.8	0.0	5.6	(0.1)
Interest expense, net	9.5	4.7	25.0	11.6
Loss on extinguishment of debt				(12.9)
Other (income) expense, net	(4.5)	0.0	(13.6)	(1.4)
Total other expense, net	5.0	4.7	11.4	23.1
Income from equity investees	1.7	21.1	33.6	62.3
Income before income taxes	77.7	122.8	175.8	278.7
Income tax benefit (provision)	(23.9)	(33.8)	(46.7)	(77.9)
Net income before non-controlling interests	53.8	89.0	129.1	200.8
Less: Net loss attributable to non-controlling interests	0.0	(1.2)	0.0	(3.1)
Net income attributable to Tempur Sealy International, Inc.	53.8	90.2	129.1	203.9
Comprehensive income attributable to Tempur Sealy International, Inc.	54.0	90.5	124.6	204.9
Current Assets:
Cash and cash equivalents	8.0	31.5	7.9	119.7	8.0	7.9
Accounts receivable, net					12.6	197.7
Inventories					101.8	117.1
Income taxes receivable					0.0	0.0
Prepaid expenses and other current assets					48.0	48.9
Total Current Assets					170.4	371.6
Property, plant and equipment, net					348.5	346.9
Goodwill					500.2	500.2
Other intangible assets, net					580.4	589.8
Deferred income taxes					0.0	0.0
Other non-current assets					50.1	41.7
Net investment in subsidiaries					174.2	77.7
Due from affiliates					1,994.1	1,874.7
Total Assets					3,817.9	3,802.6
Current Liabilities:
Accounts payable					169.1	157.0
Accrued expenses and other current liabilities					166.6	172.6
Income taxes payable					267.0	235.9
Current portion of long-term debt					35.5	34.4
Total Current Liabilities					638.2	599.9
Long-term debt, net					598.2	776.5
Deferred income taxes					159.7	174.9
Other non-current liabilities					41.0	43.3
Due to affiliates					0.0	0.6
Total Liabilities					1,437.1	1,595.2
Redeemable non-controlling interest					0.0	0.0
Total Stockholders' Equity					2,380.8	2,207.4
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity					3,817.9	3,802.6
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash (used in) provided by operating activities			352.8	38.2
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment			(35.9)	(33.2)
Contributions (paid to) received from subsidiaries and affiliates			(159.5)	(76.8)
Other			0.9
Net cash (used in) provided by investing activities			(194.5)	(110.0)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations			523.8	1,214.6
Repayments of borrowings under long-term debt obligations			(703.2)	(1,246.6)
Net activity in investment in and advances from (to) subsidiaries and affiliates			21.4	22.6
Proceeds from exercise of stock options			0.0	0.0
Excess tax benefit from stock-based compensation				0.0
Treasury stock repurchased			0.0	0.0
Payments of deferred financing costs			0.0	(3.6)
Fees paid to lenders				(1.8)
Call premium on 2020 Senior Notes				0.0
Other			(0.2)	(1.6)
Net cash provided by (used in) financing activities			(158.2)	(16.4)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS			0.0	0.0
(Decrease) increase in cash and cash equivalents			0.1	(88.2)
CASH AND CASH EQUIVALENTS, beginning of period			7.9	119.7
CASH AND CASH EQUIVALENTS, end of period	8.0	31.5	8.0	31.5
Reportable Legal Entities \| Combined Non-Guarantor Subsidiaries
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	222.8	191.5	641.2	566.4
Cost of sales	130.4	104.3	375.3	305.1
Gross profit	92.4	87.2	265.9	261.3
Selling and marketing expenses	52.3	44.6	148.3	136.4
General, administrative and other expenses	23.7	15.5	60.5	48.5
Customer termination charges, net			1.0
Equity income in earnings of unconsolidated affiliates	(3.5)	(2.4)	(10.6)	(8.6)
Royalty income, net of royalty expense	0.0	(0.2)	0.0	0.0
Operating (loss) income	19.9	29.7	66.7	85.0
Other expense, net:
Third party interest expense, net	10.5	0.8	12.1	2.2
Intercompany interest (income) expense, net	(1.7)	1.0	(2.0)	3.2
Interest expense, net	8.8	1.8	10.1	5.4
Loss on extinguishment of debt				0.0
Other (income) expense, net	5.6	0.3	5.2	1.4
Total other expense, net	14.4	2.1	15.3	6.8
Income from equity investees	0.0	0.0	0.0	0.0
Income before income taxes	5.5	27.6	51.4	78.2
Income tax benefit (provision)	(3.8)	(6.5)	(17.8)	(15.9)
Net income before non-controlling interests	1.7	21.1	33.6	62.3
Less: Net loss attributable to non-controlling interests	(3.4)	0.0	(8.1)	0.0
Net income attributable to Tempur Sealy International, Inc.	5.1	21.1	41.7	62.3
Comprehensive income attributable to Tempur Sealy International, Inc.	14.6	15.8	73.4	67.2
Current Assets:
Cash and cash equivalents	33.1	57.5	57.8	34.2	33.1	57.8
Accounts receivable, net					351.0	147.4
Inventories					87.0	79.7
Income taxes receivable					0.0	0.0
Prepaid expenses and other current assets					14.9	15.0
Total Current Assets					486.0	299.9
Property, plant and equipment, net					75.6	75.3
Goodwill					232.7	222.3
Other intangible assets, net					91.5	88.9
Deferred income taxes					27.3	22.5
Other non-current assets					171.7	143.5
Net investment in subsidiaries					0.0	0.0
Due from affiliates					15.7	14.3
Total Assets					1,100.5	866.7
Current Liabilities:
Accounts payable					75.6	62.2
Accrued expenses and other current liabilities					85.2	70.7
Income taxes payable					13.5	4.1
Current portion of long-term debt					30.8	35.9
Total Current Liabilities					205.1	172.9
Long-term debt, net					47.1	0.9
Deferred income taxes					17.9	20.3
Other non-current liabilities					149.0	126.0
Due to affiliates					507.2	468.9
Total Liabilities					926.3	789.0
Redeemable non-controlling interest					3.4	7.6
Total Stockholders' Equity					170.8	70.1
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity					1,100.5	866.7
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash (used in) provided by operating activities			(123.3)	102.0
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment			(7.5)	(8.7)
Contributions (paid to) received from subsidiaries and affiliates			159.5	76.8
Other			4.0
Net cash (used in) provided by investing activities			156.0	68.1
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations			462.1	56.9
Repayments of borrowings under long-term debt obligations			(421.5)	(37.7)
Net activity in investment in and advances from (to) subsidiaries and affiliates			(87.5)	(159.1)
Proceeds from exercise of stock options			0.0	0.0
Excess tax benefit from stock-based compensation				0.0
Treasury stock repurchased			0.0	0.0
Payments of deferred financing costs			(0.5)	0.0
Fees paid to lenders				0.0
Call premium on 2020 Senior Notes				0.0
Other			(2.7)	1.7
Net cash provided by (used in) financing activities			(50.1)	(138.2)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS			(7.3)	(8.6)
(Decrease) increase in cash and cash equivalents			(24.7)	23.3
CASH AND CASH EQUIVALENTS, beginning of period			57.8	34.2
CASH AND CASH EQUIVALENTS, end of period	33.1	57.5	33.1	57.5
Eliminations
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	(18.2)	(15.1)	(57.4)	(43.6)
Cost of sales	(18.2)	(15.1)	(57.4)	(43.6)
Gross profit	0.0	0.0	0.0	0.0
Selling and marketing expenses	0.0	0.0	0.0	0.0
General, administrative and other expenses	0.0	0.0	0.0	0.0
Customer termination charges, net			0.0
Equity income in earnings of unconsolidated affiliates	0.0	0.0	0.0	0.0
Royalty income, net of royalty expense	0.0	0.0	0.0	0.0
Operating (loss) income	0.0	0.0	0.0	0.0
Other expense, net:
Third party interest expense, net	0.0	0.0	0.0	0.0
Intercompany interest (income) expense, net	0.0	0.0	0.0	0.0
Interest expense, net	0.0	0.0	0.0	0.0
Loss on extinguishment of debt				0.0
Other (income) expense, net	0.0	0.0	0.0	0.0
Total other expense, net	0.0	0.0	0.0	0.0
Income from equity investees	(55.5)	(110.1)	(162.7)	(263.1)
Income before income taxes	(55.5)	(110.1)	(162.7)	(263.1)
Income tax benefit (provision)	0.0	0.0	0.0	0.0
Net income before non-controlling interests	(55.5)	(110.1)	(162.7)	(263.1)
Less: Net loss attributable to non-controlling interests	3.4	1.2	8.1	3.1
Net income attributable to Tempur Sealy International, Inc.	(58.9)	(111.3)	(170.8)	(266.2)
Comprehensive income attributable to Tempur Sealy International, Inc.	(68.6)	(106.3)	(198.0)	(272.1)
Current Assets:
Cash and cash equivalents	0.0	0.0	0.0	0.0	0.0	0.0
Accounts receivable, net					0.0	0.0
Inventories					0.0	0.0
Income taxes receivable					(254.1)	(234.2)
Prepaid expenses and other current assets					0.0	0.0
Total Current Assets					(254.1)	(234.2)
Property, plant and equipment, net					0.0	0.0
Goodwill					0.0	0.0
Other intangible assets, net					0.0	0.0
Deferred income taxes					(17.2)	(20.6)
Other non-current assets					0.0	0.0
Net investment in subsidiaries					(2,555.0)	(2,285.1)
Due from affiliates					(2,116.8)	(2,057.4)
Total Assets					(4,943.1)	(4,597.3)
Current Liabilities:
Accounts payable					0.0	0.0
Accrued expenses and other current liabilities					0.0	0.0
Income taxes payable					(254.1)	(234.2)
Current portion of long-term debt					0.0	0.0
Total Current Liabilities					(254.1)	(234.2)
Long-term debt, net					0.0	0.0
Deferred income taxes					(17.2)	(20.6)
Other non-current liabilities					0.0	0.0
Due to affiliates					(2,116.8)	(2,057.4)
Total Liabilities					(2,388.1)	(2,312.2)
Redeemable non-controlling interest					(3.4)	(7.6)
Total Stockholders' Equity					(2,551.6)	(2,277.5)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity					$ (4,943.1)	$ (4,597.3)
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash (used in) provided by operating activities			0.0	0.0
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment			0.0	0.0
Contributions (paid to) received from subsidiaries and affiliates			0.0	0.0
Other			0.0
Net cash (used in) provided by investing activities			0.0	0.0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations			0.0	0.0
Repayments of borrowings under long-term debt obligations			0.0	0.0
Net activity in investment in and advances from (to) subsidiaries and affiliates			0.0	0.0
Proceeds from exercise of stock options			0.0	0.0
Excess tax benefit from stock-based compensation				0.0
Treasury stock repurchased			0.0	0.0
Payments of deferred financing costs			0.0	0.0
Fees paid to lenders				0.0
Call premium on 2020 Senior Notes				0.0
Other			0.0	0.0
Net cash provided by (used in) financing activities			0.0	0.0
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS			0.0	0.0
(Decrease) increase in cash and cash equivalents			0.0	0.0
CASH AND CASH EQUIVALENTS, beginning of period			0.0	0.0
CASH AND CASH EQUIVALENTS, end of period	$ 0.0	$ 0.0	$ 0.0	$ 0.0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Sep. 30, 2017	Sep. 30, 2016
Sealy notes
Stated percentage	8.00%	8.00%