Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2018	May 07, 2018
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		54,395,919
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Net sales	$ 648.0	$ 722.1
Cost of sales	380.1	435.5
Gross profit	267.9	286.6
Selling and marketing expenses	148.9	153.7
General, administrative and other expenses	69.0	66.5
Customer termination charges, net	0.0	14.4
Equity income in earnings of unconsolidated affiliates	(3.9)	(2.7)
Royalty income, net of royalty expense	0.0	(4.8)
Operating income	53.9	59.5
Other expense, net:
Interest expense, net	22.9	22.1
Other income, net	(1.8)	(9.2)
Total other expense, net	21.1	12.9
Income before income taxes	32.8	46.6
Income tax provision	(10.0)	(14.6)
Net income before non-controlling interest	22.8	32.0
Less: Net loss attributable to non-controlling interest	(0.3)	(1.9)
Net income attributable to Tempur Sealy International, Inc.	$ 23.1	$ 33.9
Earnings per common share:
Basic (in dollars per share)	$ 0.43	$ 0.63
Diluted (in dollars per share)	$ 0.42	$ 0.62
Weighted average common shares outstanding:
Basic (in shares)	54.3	53.9
Diluted (in shares)	54.9	54.6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income before non-controlling interest	$ 22.8	$ 32.0
Other comprehensive income, net of tax
Foreign currency translation adjustments	5.0	8.8
Pension benefits loss, net of tax	(0.6)	0.0
Unrealized loss on cash flow hedging derivatives, net of tax	0.0	(0.5)
Other comprehensive income, net of tax	4.4	8.3
Comprehensive income	27.2	40.3
Less: Comprehensive loss attributable to non-controlling interest	(0.3)	(1.9)
Comprehensive income attributable to Tempur Sealy International, Inc.	$ 27.5	$ 42.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 34.5	$ 41.9
Accounts receivable, net	339.4	317.7
Inventories	214.7	183.0
Prepaid expenses and other current assets	71.2	64.8
Total Current Assets	659.8	607.4
Property, plant and equipment, net	436.8	435.1
Goodwill	731.1	733.1
Other intangible assets, net	661.7	667.4
Deferred income taxes	25.1	23.6
Other non-current assets	235.5	227.4
Total Assets	2,750.0	2,694.0
Current Liabilities:
Accounts payable	248.7	241.2
Accrued expenses and other current liabilities	226.5	234.2
Income taxes payable	28.7	29.1
Current portion of long-term debt	65.6	72.4
Total Current Liabilities	569.5	576.9
Long-term debt, net	1,707.6	1,680.7
Deferred income taxes	113.5	114.3
Other non-current liabilities	214.9	207.4
Total Liabilities	2,605.5	2,579.3
Commitments and contingencies
Redeemable non-controlling interest	1.9	2.2
Total Stockholders' Equity	142.6	112.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity	$ 2,750.0	$ 2,694.0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before non-controlling interest	$ 22.8	$ 32.0
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	20.9	19.6
Amortization of stock-based compensation	6.3	(3.4)
Amortization of deferred financing costs	0.6	0.5
Bad debt expense	1.4	2.4
Deferred income taxes	0.1	(5.3)
Dividends received from unconsolidated affiliates	1.6	1.3
Equity income in earnings of unconsolidated affiliates	(3.9)	(2.7)
Loss on sale of assets	0.2	0.3
Foreign currency adjustments and other	(3.5)	(0.1)
Changes in operating assets and liabilities	(56.2)	22.6
Net cash (used in) provided by operating activities	(9.7)	67.2
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(21.8)	(12.9)
Other	(4.2)	0.9
Net cash used in investing activities	(17.6)	(12.0)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	417.1	302.9
Repayments of borrowings under long-term debt obligations	(394.8)	(331.8)
Proceeds from exercise of stock options	1.9	0.1
Treasury stock repurchased	(2.9)	(43.8)
Other	(1.8)	(3.4)
Net cash used in financing activities	19.5	(76.0)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.4	(2.4)
Decrease in cash and cash equivalents	(7.4)	(23.2)
CASH AND CASH EQUIVALENTS, beginning of period	41.9	65.7
CASH AND CASH EQUIVALENTS, end of period	34.5	42.5
Cash paid during the period for:
Interest	7.9	6.6
Income taxes, net of refunds	$ 9.4	$ 11.2

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2018

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 $25.0 million and $21.5 million at March 31, 2018 and December 31, 2017, 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, 2017, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2018.

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) Adoption of New Accounting Standards.

Revenue Recognition. On January 1, 2018, the Company adopted Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606)" using the modified retrospective method. Under the modified retrospective method, the Company recognized the cumulative effect of initially applying the new revenue standard as a decrease to the opening balance of retained earnings. Adoption of Topic 606 did not have a material impact on the Company's financial statements. For additional information, see Note 3, "Recently Issued Accounting Pronouncements" of the Consolidated Condensed Financial Statements.

Pensions. In March 2017, the FASB issued ASU No. 2017-07, "Compensation - Retirement Benefits (Topic 715): 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. 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. The Company adopted ASU No. 2017-07 as of January 1, 2018 and applied the accounting guidance retrospectively. The impact of adoption is not material to the Condensed Consolidated Statement of Income in the current year or prior years.

Accumulated Other Comprehensive Income. In February 2018, the FASB issued ASU No. 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income", which allows entities to reclassify tax effects stranded in accumulated other comprehensive loss ("AOCL") as a result of the Tax Cuts and Jobs Act of 2017 ("U.S. Tax Reform Act") to retained earnings. The Company early adopted ASU No. 2018-02 on March 31, 2018. The reclassification from AOCL to retained earnings is not material to the Condensed Consolidated Balance Sheet and Condensed Consolidated Statement of Comprehensive Income.

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



	March 31,		December 31,
(in millions)	2018		2017
Finished goods	$	146.8	$	121.8
Work-in-process	12.2		11.5
Raw materials and supplies	55.7		49.7
	$	214.7	$	183.0

(d) 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. Effective January 1, 2018 with the Company's adoption of Topic 606, the Company recognizes a return asset for the right to recover the goods returned by the customer. The right of return asset is recognized on a gross basis outside of the accrued sales returns and is not material to the Company's Condensed Consolidated Balance Sheet.

The Company had the following activity for sales returns from December 31, 2017 to March 31, 2018:



(in millions)
Balance as of December 31, 2017	$	30.0
Reclassification and remeasurement of sales return asset under Topic 606	1.7
Balance as of January 1, 2018	31.7
Amounts accrued	22.9
Returns charged to accrual	(21.6		)
Balance as of March 31, 2018	$	33.0

As of March 31, 2018 and December 31, 2017, $21.0 million and $19.6 million of accrued sales returns is included as a component of accrued expenses and other current liabilities and $12.0 million and $10.4 million of accrued sales returns is included in other non-current liabilities on the Company’s accompanying Consolidated Balance Sheets, respectively.

(e) 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, 2017 to March 31, 2018:



(in millions)
Balance as of December 31, 2017	$	36.7
Remeasurement of obligations under Topic 606	2.8
Balance as of January 1, 2018	39.5
Amounts accrued	10.5
Warranties charged to accrual	(11.4		)
Balance as of March 31, 2018	$	38.6

As of March 31, 2018 and December 31, 2017, $16.9 million and $16.7 million of accrued warranty expense is included as a component of accrued expenses and other current liabilities and $21.7 million and $20.0 million of accrued warranty expense is included in other non-current liabilities in the Company’s accompanying Condensed Consolidated Balance Sheets, respectively.

(f) Allowance for Doubtful Accounts. 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 $28.2 million and $27.4 million as of March 31, 2018 and December 31, 2017, respectively.

(g) 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 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. For derivative instruments that are not designated as hedges, the gain or loss related to the change in fair value is also recorded to 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 forward exchange contract asset and liability as of March 31, 2018 and December 31, 2017 were based on Level 2 inputs and were not material in either period.

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.

(h) 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 the enactment dates change. 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.

(i) Customer Contract Termination. During the week of January 23, 2017, the Company was unexpectedly notified by the senior management of 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 relationships 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.

Recently Issued Accounting Pronouncements	3 Months Ended
Recently Issued Accounting Pronouncements	Mar. 31, 2018
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Leases In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)", that requires lessees to recognize most assets and liabilities on the balance sheet for the rights and obligations created by leases and provides for expanded disclosures on key information about leasing arrangements. Topic 842 is effective for the Company on January 1, 2019. In transition, the Company is required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company is currently evaluating Topic 842 to determine the specific impact it will have on the Company's Condensed Consolidated Financial Statements, but the adoption is expected to result in a material increase in the assets and liabilities recorded on the balance sheet.

Revenue Recognition

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue from Contracts with Customers

On January 1, 2018, the Company adopted Topic 606 using the modified retrospective method. The largest impacts as a result of the new standard are the new required qualitative and quantitative disclosures. Other presentation and disclosure changes include the classification of royalty income to net sales and changes in the balance sheet classification and measurement for accrued sales returns and accrued warranty expenses.

The Company recognized the cumulative effect of initially applying Topic 606 as an adjustment to the opening balance of retained earnings for approximately $3.0 million, net of tax. Additionally, as a result of the new standard and effective January 1, 2018, the Company classifies royalty income within net sales. The comparative information has not been restated and continues to be reported under the accounting standards in effect for each period presented.

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 did not result in material changes in the Company's recognition or presentation of costs within the Company's Condensed Consolidated Statements of Income.

The following table summarizes the impact of adopting Topic 606 on the Company’s Condensed Consolidated Financial Statements as of and for the three months ended March 31, 2018:



(in millions)	As Reported		Balances Without Adoption of Topic 606		Effect of Change Higher/(Lower)
Statement of Income
Net sales	$	648.0	$	642.7	$	5.3
Royalty income, net of royalty expense	—		5.3		(5.3		)

Balance Sheet
Assets
Prepaid expenses and other current assets	$	71.2	$	69.9	$	1.3
Deferred income taxes	25.1		24.1		1.0
Other non-current assets	235.5		234.7		0.8

Liabilities
Accrued expenses and other current liabilities	$	226.5	$	223.9	$	2.6
Other non-current liabilities	214.9		212.0		2.9

Stockholders' Equity
Total stockholders' equity	$	142.6	$	145.0	$	(2.4	)

Disaggregation of revenue

The following table presents the Company's disaggregated revenue by channel, product and geographical region, including a reconciliation of disaggregated revenue by segment, for the three months ended March 31, 2018:



(in millions)	North America		International		Consolidated
Channel
Wholesale	$	454.0	$	134.2	$	588.2
Direct	31.0		28.8		59.8
Net sales	$	485.0	$	163.0	$	648.0

	North America		International		Consolidated
Product
Bedding products	$	452.3	$	133.2	$	585.5
Other products	32.7		29.8		62.5
Net sales	$	485.0	$	163.0	$	648.0

	North America		International		Consolidated
Geographical region
United States	$	440.2	$	—	$	440.2
Canada	44.8		—		44.8
International	—		163.0		163.0
Net sales	$	485.0	$	163.0	$	648.0

The North America and International segments sell product through two channels: Wholesale and Direct. The Wholesale channel includes all product sales to third party retailers, including third party distribution, hospitality and healthcare. The Direct channel includes product sales to company-owned stores, e-commerce and call centers. The North America and International segments classify products into two major categories: Bedding and Other. Bedding products include mattresses, foundations and adjustable foundations. Other products include pillows, mattress covers, sheets, cushions and various other comfort products.

The Wholesale channel also includes income from royalties derived by licensing Sealy® and Stearns & Foster® brands, technology and trademarks to other manufacturers. The licenses include rights for the licensees to use trademarks as well as current proprietary or patented technology that the Company utilizes. The Company also provides its licensees with product specifications, research and development, statistical services and marketing programs. The Company recognizes royalty income based on the occurrence of sales of Sealy® and Stearns & Foster® branded products by various licensees.

For product sales in each of the Company's channels, the Company recognizes a sale when the obligations under the terms of the contract with the customer is satisfied, which is generally when control of the product has transferred to the customer. Transferring control of each product sold is considered a separate performance obligation. The Company transfers control and recognizes a sale when it ships the product to a customer or when the customer receives the product based upon agreed shipping terms. Each unit sold is considered an independent, unbundled performance obligation. The Company does not have any additional performance obligations other than product sales that are material in the context of the contract. The Company also offers assurance type warranties on certain of its products. A warranty is considered an assurance type warranty if it provides the consumer with assurance that the product will function as intended. Assurance type warranties are not accounted for as separate performance obligations under the revenue model.

The transaction price is measured as the amount of consideration the Company expects to receive in exchange for transferring goods. The amount of consideration the Company receives, and correspondingly, the revenue that is recognized, varies due to sales incentives and returns the Company offers to its wholesale and retail channel customers. Specifically, the Company extends volume discounts, as well as promotional allowances, floor sample discounts, commissions paid to retail associates and slotting fees to its Wholesale channel customers and reflects these amounts as a reduction of sales at the time revenue is recognized based on historical experience. The Company allows returns following a sale, depending on the channel and promotion. The Company reduces revenue and cost of sales for its estimate of the expected returns, which is primarily based on the level of historical sales returns. The Company does not offer extended payment terms beyond one year to customers. As such, the Company does not adjust its consideration for financing arrangements.

The Company is subject to certain non-income taxes in certain jurisdictions including, but not limited to, sales tax, value added tax, excise tax and other taxes. These taxes are excluded from the transaction price, and therefore, excluded from revenue. The Company has elected to account for shipping and handling activities as a fulfillment cost as permitted by Topic 606. Accordingly, the Company reflects all amounts billed to customers for shipping and handling in revenue and the costs of fulfillment in cost of sales.

Goodwill

3 Months Ended

Mar. 31, 2018

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, 2017	$	576.6		$	156.5		$	733.1
Foreign currency translation and other	(1.9		)	(0.1		)	(2.0		)
Balance as of March 31, 2018	$	574.7		$	156.4		$	731.1

- 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

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Debt

Debt for the Company consists of the following:



	March 31, 2018				December 31, 2017
(in millions, except percentages)	Amount			Rate	Amount			Rate	Maturity Date
2016 Credit Agreement
Term A Facility	$	547.5		(1)	$	555.0		(2)	April 6, 2021
Revolver	1.0			(1)	—			(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	85.0			(3)	49.0			(3)	April 12, 2019
Capital lease obligations ⁽⁴⁾	70.5				71.8				Various
Other	29.8				36.7				Various
Total debt	1,783.8				1,762.5
Less: deferred financing costs	(10.6		)		(9.4		)
Total debt, net	1,773.2				1,753.1
Less: current portion	(65.6		)		(72.4		)
Total long-term debt, net	$	1,707.6			$	1,680.7



(1)	Interest at LIBOR plus applicable margin of 1.75% as of March 31, 2018
(2)	Interest at LIBOR plus applicable margin of 1.75% as of December 31, 2017.
(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 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 March 31, 2018, domestic qualified cash was $14.3 million and foreign qualified cash was $12.1 million.

The Company is in compliance with all applicable covenants as of March 31, 2018.

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 a wholly-owned special purpose subsidiary, 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 the Company's accounts receivable and is subject to an overall limit of $120.0 million.

The obligations of the Company and its relevant subsidiaries 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.

On April 2, 2018, the Company and its subsidiaries entered into an amendment to its Accounts Receivable Securitization that modified certain covenants and calculations. This amendment was designed to create more flexibility and to increase average availability on the line, while not changing the overall limit.

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)	March 31, 2018		December 31, 2017
2023 Senior Notes	$	453.6	$	470.9
2026 Senior Notes	582.3		618.1

Stockholders' Equity

3 Months Ended

Mar. 31, 2018

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. As of March 31, 2018, the Company had approximately $226.9 million remaining under the existing share repurchase authorization for repurchases of Tempur Sealy International's common stock. The Company did not repurchase any shares during the three months ended March 31, 2018. For the three months ended March 31, 2017, the Company repurchased 0.6 million shares for approximately $40.1 million.

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 both the three months ended March 31, 2018 and 2017. 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 $2.9 million and $3.7 million in treasury stock acquired during the three months ended March 31, 2018 and 2017, respectively.



	Three Months Ended
	March 31,
(in millions)	2018			2017
Foreign Currency Translation
Balance at beginning of period	$	(72.8	)	$	(119.9	)
Other comprehensive income:
Foreign currency translation adjustments ⁽¹⁾	5.0			8.8
Balance at end of period	$	(67.8	)	$	(111.1	)

Pensions
Balance at beginning of period	$	(2.7	)	$	(2.2	)
Other comprehensive loss:
Net change from period revaluations, net of tax	—			—
Tax expense ⁽²⁾	—			—
Total other comprehensive income before reclassifications, net of tax	$	—		$	—
Net amount reclassified to earnings ⁽¹⁾	—			—
U.S. tax reform - reclassification to retained earnings upon adoption of ASU No. 2018-02	(0.5		)	—
Tax benefit ⁽²⁾	(0.1		)	—
Total amount reclassified from accumulated other comprehensive loss, net of tax	$	(0.6	)	$	—
Total other comprehensive loss	(0.6		)	—
Balance at end of period	$	(3.3	)	$	(2.2	)

Foreign Exchange Forward Contracts
Balance at beginning of period	$	—		$	0.6
Other comprehensive loss:
Net change from period revaluations	—			(0.3		)
Tax benefit ⁽²⁾	—			0.1
Total other comprehensive loss before reclassifications, net of tax	$	—		$	(0.2	)
Net amount reclassified to earnings ⁽³⁾	—			(0.4		)
Tax benefit ⁽²⁾	—			0.1
Total amount reclassified from accumulated other comprehensive loss, net of tax	$	—		$	(0.3	)
Total other comprehensive loss	—			(0.5		)
Balance at end of period	$	—		$	0.1



(1)	In 2018 and 2017, 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

3 Months Ended

Mar. 31, 2018

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

Stock-Based Compensation

The Company’s stock-based compensation expense for the three months ended March 31, 2018 and 2017 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 (benefit) is presented in the following table:



	Three Months Ended March 31,
(in millions)	2018		2017
PRSU expense (benefit)	$	0.8	$	(9.3	)
Option expense	1.9		2.0
RSU/DSU expense	3.6		3.9
Total stock-based compensation expense (benefit)	$	6.3	$	(3.4	)

During the three months ended March 31, 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 was no longer probable of payout as a result of the termination of the Mattress Firm relationship.

In March 2018, the Compensation Committee of the Board of Directors formally determined that the Company did not have more than $650.0 million of adjusted earnings before interest, tax, depreciation and amortization ("Adjusted EBITDA") for 2017 (the "2017 Aspirational Plan PRSUs"). As a result, approximately two-thirds of the PRSUs previously granted with a performance period for 2017 ("2017 Aspirational PRSUs") were forfeited as of this date. At March 31, 2018, the Company has 0.3 million of these 2017 Aspirational PRSUs still outstanding that will vest if the Company achieves more than $650.0 million of Adjusted EBITDA for 2018. If the Company does not achieve more than $650.0 million of Adjusted EBITDA in 2018, then all remaining 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 months ended March 31, 2018 and 2017, as it is not considered probable that the Company will achieve the specified performance target as of 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 2018 is $24.9 million, which would be expensed over the remaining service period if achievement of the performance condition becomes probable.

The Company has 1.5 million PRSUs outstanding that will vest 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 is defined for purposes of the 2019 Aspirational PRSUs 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 March 31, 2018, 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 $92.0 million, which would be expensed over the remaining service period if achievement of the performance condition becomes probable.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies (a) 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. (b) 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. (c) 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 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. Discovery is complete in the federal court case, and Motions for Summary Judgment on certain claims were filed by both parties in early 2018. A trial date has not been set. The discovery period in the state court case has been extended with an expected trial date in September 2018. Discovery is proceeding in the state court case. The Company does not believe the claims asserted by Mattress Firm in the federal and state court cases have merit and intends to vigorously defend against them. The outcomes of the cases remain 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. (d) 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	3 Months Ended
Income Taxes	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On December 22, 2017, President Trump signed into law the U.S. Tax Reform Act. The provisions of the U.S. Tax Reform Act are effective for the Company’s year beginning January 1, 2018. As such, the income tax rate for the three months ended March 31, 2018 reflects the impact of the provisions of the U.S. Tax Reform Act. The Company’s effective tax rate for the three months ended March 31, 2018 and 2017 was 30.5% and 31.3%, respectively. The Company’s income tax rate for the three months ended March 31, 2018 and 2017 differed from the U.S. federal statutory rates of 21.0% and 35.0%, respectively, principally due to subpart F income (for the three months ended March 31, 2018 subpart F income is primarily due to global intangible low-taxed income (“GILTI”) earned by the Company’s foreign subsidiaries), certain foreign income tax rate differentials, state and local income taxes, certain other permanent differences, changes in the Company’s uncertain tax positions, and the excess tax deficiency (or benefit) related to stock-based compensation. The Company accounts for the GILTI tax in the period in which such tax arises. The estimated impacts of the U.S. Tax Reform Act recorded during 2017 and the three months ended March 31, 2018, are provisional in nature. The Company will continue to assess the impact of the U.S. Tax Reform Act and will record adjustments through the income tax provision in the relevant period as authoritative guidance is made available to the public. Accordingly, the impact of the U.S. Tax Reform Act may differ from the Company's provisional estimates due to and among other factors, information currently not available, changes in interpretations and the issuance of additional guidance, as well as changes in assumptions the Company has currently made, including actions the Company may take in future periods as a result of the U.S. Tax Reform Act. 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 March 31, 2018 for all years for which an assessment has been received (2001 - 2008) is approximately Danish Krone ("DKK") 1,661.1 million, including interest and penalties ($274.6 million, based on the DKK to USD exchange rate on March 31, 2018). The cumulative total tax assessment at December 31, 2017 for all years for which an assessment had been received up through that date (2001 - 2008) including interest and penalties was approximately DKK 1,638.4 million ($264.3 million, based on the DKK to USD exchange rate on December 31, 2017). If SKAT continues to issue assessments for each year not currently assessed, the Company expects the aggregate assessments for such years (2009 - 2017) to be in excess of the amounts described above as assessed for the years 2001 - 2008 (collectively the years 2001 through 2017 are referred to as the "Danish Tax Matter"). At March 31, 2018 and December 31, 2017, the Company had accrued Danish tax and interest for the Danish Tax Matter of approximately DKK 860.5 million and DKK 854.7 million (approximately $142.2 million and $137.9 million using the March 31, 2018 and December 31, 2017 exchange rates, as applicable), respectively, as an uncertain income tax liability. On both March 31, 2018 and December 31, 2017 approximately DKK 836.3 million (approximately $138.2 million and $134.9 million using the March 31, 2018 and December 31, 2017 exchange rates, as applicable) represents the amount that the Company and SKAT preliminarily agreed to in a non-binding proposed resolution for the years 2001 through 2011. The remaining balance of the amount accrued for the Danish Tax Matter at March 31, 2018 and December 31, 2017, respectively, of approximately DKK 24.2 million and DKK 18.4 million (approximately $4.0 million and $3.0 million using the March 31, 2018 and December 31, 2017 exchange rates, as applicable) 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 both March 31, 2018 and December 31, 2017 the Company had recorded a deferred tax asset of approximately $49.0 million and $48.3 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 $19.3 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 March 31, 2018. 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 March 31, 2018, SKAT withheld Value Added Tax refunds otherwise owed to the Company, pending resolution of the Danish Tax Matter. Total withheld refunds at March 31, 2018 and December 31, 2017 are approximately DKK 357.5 million and DKK 336.5 million (approximately $59.1 million and $54.2 million using the March 31, 2018 and December 31, 2017 exchange rates, as applicable), respectively. In July 2016, the Company paid a deposit to SKAT in the amount of approximately DKK 615.2 (approximately $101.7 million using the exchange rate at March 31, 2018) (the “Tax Deposit”) and applied approximately DKK 224.6 million (approximately $37.1 million using the exchange rate at March 31, 2018) 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 March 31, 2018 and December 31, 2017 would be $33.7 million and $31.7 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 March 31, 2018.

Earnings Per Common Share

3 Months Ended

Mar. 31, 2018

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
	March 31,
(in millions, except per common share amounts)	2018		2017
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$	23.1	$	33.9

Denominator:
Denominator for basic earnings per common share-weighted average shares	54.3		53.9
Effect of dilutive securities:
Employee stock-based compensation	0.6		0.7
Denominator for diluted earnings per common share-adjusted weighted average shares	54.9		54.6

Basic earnings per common share	$	0.43	$	0.63

Diluted earnings per common share	$	0.42	$	0.62

The Company excluded 1.5 million shares issuable upon exercise of outstanding stock options for the three months ended March 31, 2018 and 2017 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

3 Months Ended

Mar. 31, 2018

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)	March 31, 2018			December 31, 2017
North America	$	2,790.0		$	2,759.4
International	639.5			609.4
Corporate	629.1			627.3
Inter-segment eliminations	(1,308.6		)	(1,302.1		)
Total assets	$	2,750.0		$	2,694.0

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



(in millions)	March 31, 2018		December 31, 2017
North America	$	310.6	$	307.6
International	54.7		54.7
Corporate	71.5		72.8
Total property, plant and equipment, net	$	436.8	$	435.1

The following table summarizes segment information for the three months ended March 31, 2018:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	485.0	$	163.0		$	—		$	—		$	648.0

Inter-segment sales	$	0.6	$	0.2		$	—		$	(0.8	)	$	—
Inter-segment royalty expense (income)	0.5		(0.5		)	—			—			—
Gross profit	184.0		83.9			—			—			267.9
Operating income (loss)	54.0		26.9			(27.0		)	—			53.9
Income (loss) before income taxes	51.8		26.5			(45.5		)	—			32.8

Depreciation and amortization ⁽¹⁾	$	13.4	$	3.7		$	10.1		$	—		$	27.2
Capital expenditures	16.8		2.9			2.1			—			21.8


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

The following table summarizes segment information for the three months ended March 31, 2017:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	582.3	$	139.8		$	—		$	—		$	722.1

Inter-segment sales	$	0.9	$	0.1		$	—		$	(1.0	)	$	—
Inter-segment royalty expense (income)	1.7		(1.7		)	—			—			—
Gross profit	214.5		72.1			—			—			286.6
Operating income (loss)	51.4		25.9			(17.8		)	—			59.5
Income (loss) before income taxes	59.4		23.7			(36.5		)	—			46.6

Depreciation and amortization ⁽¹⁾	$	12.3	$	3.7		$	0.2		$	—		$	16.2
Capital expenditures	8.6		1.5			2.8			—			12.9


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

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



(in millions)	March 31, 2018		December 31, 2017
United States	$	375.2	$	373.2
Canada	6.9		7.2
Other International	54.7		54.7
Total property, plant and equipment, net	$	436.8	$	435.1
Total International	$	61.6	$	61.9

The following table summarizes net sales by geographic region:



	Three Months Ended
	March 31,
(in millions)	2018		2017
United States	$	440.2	$	533.5
Canada	44.8		48.8
Other International	163.0		139.8
Total net sales	$	648.0	$	722.1
Total International	$	207.8	$	188.6

Guarantor/Non-Guarantor Financial Information

3 Months Ended

Mar. 31, 2018

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"), subject to certain exceptions. 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 months ended March 31, 2018 and 2017, the Condensed Consolidated Balance Sheets as of March 31, 2018 and December 31, 2017, and the Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2018 and 2017 for Tempur Sealy International, Combined Guarantor Subsidiaries and Combined Non-Guarantor Subsidiaries.

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended March 31, 2018

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	440.7		$	224.8		$	(17.5	)	$	648.0
Cost of sales	—			266.4			131.2			(17.5		)	380.1
Gross profit	—			174.3			93.6			—			267.9
Selling and marketing expenses	1.9			93.1			53.9			—			148.9
General, administrative and other expenses	4.7			47.5			16.8			—			69.0
Equity income in earnings of unconsolidated affiliates	—			—			(3.9		)	—			(3.9		)
Operating (loss) income	(6.6		)	33.7			26.8			—			53.9

Other expense, net:
Third party interest expense, net	14.9			6.9			1.1			—			22.9
Intercompany interest (income) expense, net	(1.8		)	1.8			—			—			—
Interest expense, net	13.1			8.7			1.1			—			22.9
Other (income) expense, net	—			(2.2		)	0.4			—			(1.8		)
Total other expense, net	13.1			6.5			1.5			—			21.1

Income from equity investees	39.1			19.0			—			(58.1		)	—

Income before income taxes	19.4			46.2			25.3			(58.1		)	32.8
Income tax benefit (provision)	3.4			(7.1		)	(6.3		)	—			(10.0		)
Net income before non-controlling interest	22.8			39.1			19.0			(58.1		)	22.8
Less: Net loss attributable to non-controlling interest	(0.3		)	—			(0.3		)	0.3			(0.3		)
Net income attributable to Tempur Sealy International, Inc.	$	23.1		$	39.1		$	19.3		$	(58.4	)	$	23.1

Comprehensive income attributable to Tempur Sealy International, Inc.	$	27.5		$	38.5		$	24.3		$	(62.8	)	$	27.5

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended March 31, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	529.8		$	212.7		$	(20.4	)	$	722.1
Cost of sales	—			330.3			125.6			(20.4		)	435.5
Gross profit	—			199.5			87.1			—			286.6
Selling and marketing expenses	1.4			104.9			47.4			—			153.7
General, administrative and other expenses	4.0			44.3			18.2			—			66.5
Customer termination charges, net	(8.4		)	21.8			1.0						14.4
Equity income in earnings of unconsolidated affiliates	—			—			(2.7		)	—			(2.7		)
Royalty income, net of royalty expense	—			(4.8		)	—			—			(4.8		)
Operating income	3.0			33.3			23.2			—			59.5

Other expense, net:
Third party interest expense, net	14.9			6.5			0.7			—			22.1
Intercompany interest (income) expense, net	(1.2		)	(0.3		)	1.5			—			—
Interest expense, net	13.7			6.2			2.2			—			22.1
Other (income) expense, net	—			(9.3		)	0.1			—			(9.2		)
Total other expense (income), net	13.7			(3.1		)	2.3			—			12.9

Income from equity investees	40.6			15.6			—			(56.2		)	—

Income before income taxes	29.9			52.0			20.9			(56.2		)	46.6
Income tax benefit (provision)	2.1			(11.4		)	(5.3		)	—			(14.6		)
Net income before non-controlling interests	32.0			40.6			15.6			(56.2		)	32.0
Less: Net loss attributable to non-controlling interests	(1.9		)	—			(1.9		)	1.9			(1.9		)
Net income attributable to Tempur Sealy International, Inc.	$	33.9		$	40.6		$	17.5		$	(58.1	)	$	33.9

Comprehensive income attributable to Tempur Sealy International, Inc.	$	42.2		$	36.1		$	30.4		$	(66.5	)	$	42.2

Supplemental Condensed Consolidated Balance Sheets

March 31, 2018

(in millions)



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

Current Assets:
Cash and cash equivalents	$	—	$	7.8	$	26.7	$	—		$	34.5
Accounts receivable, net	—		5.1		323.2		11.1			339.4
Inventories	—		130.3		84.4		—			214.7
Income taxes receivable	264.4		—		—		(264.4		)	—
Prepaid expenses and other current assets	0.6		52.8		17.8		—			71.2
Total Current Assets	265.0		196.0		452.1		(253.3		)	659.8
Property, plant and equipment, net	—		362.7		74.1		—			436.8
Goodwill	—		507.6		223.5		—			731.1
Other intangible assets, net	—		574.6		87.1		—			661.7
Deferred income taxes	11.1		—		25.1		(11.1		)	25.1
Other non-current assets	—		44.2		191.3		—			235.5
Net investment in subsidiaries	544.9		116.5		—		(661.4		)	—
Due from affiliates	432.8		131.1		21.2		(585.1		)	—
Total Assets	$	1,253.8	$	1,932.7	$	1,074.4	$	(1,510.9	)	$	2,750.0

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	159.8	$	77.8	$	11.1		$	248.7
Accrued expenses and other current liabilities	21.4		124.4		80.7		—			226.5
Income taxes payable	—		285.9		7.2		(264.4		)	28.7
Current portion of long-term debt	—		35.8		29.8		—			65.6
Total Current Liabilities	21.4		605.9		195.5		(253.3		)	569.5
Long-term debt, net	1,042.0		580.0		85.6		—			1,707.6
Deferred income taxes	—		107.1		17.5		(11.1		)	113.5
Other non-current liabilities	—		57.7		157.2		—			214.9
Due to affiliates	45.9		37.1		502.1		(585.1		)	—
Total Liabilities	1,109.3		1,387.8		957.9		(849.5		)	2,605.5

Redeemable non-controlling interest	1.9		—		1.9		(1.9		)	1.9

Total Stockholders' Equity	142.6		544.9		114.6		(659.5		)	142.6
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	1,253.8	$	1,932.7	$	1,074.4	$	(1,510.9	)	$	2,750.0

Supplemental Condensed Consolidated Balance Sheets

December 31, 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	$	0.1	$	12.3	$	29.5	$	—		$	41.9
Accounts receivable, net	—		5.1		322.2		(9.6		)	317.7
Inventories	—		103.4		79.6		—			183.0
Income taxes receivable	260.2		—		—		(260.2		)	—
Prepaid expenses and other current assets	0.8		50.6		13.4		—			64.8
Total Current Assets	261.1		171.4		444.7		(269.8		)	607.4
Property, plant and equipment, net	—		360.4		74.7		—			435.1
Goodwill	—		507.6		225.5		—			733.1
Other intangible assets, net	—		577.5		89.9		—			667.4
Deferred income taxes	11.8		—		23.6		(11.8		)	23.6
Other non-current assets	—		47.2		180.2		—			227.4
Net investment in subsidiaries	2,381.0		127.7		—		(2,508.7		)	—
Due from affiliates	87.2		1,975.9		15.6		(2,078.7		)	—
Total Assets	$	2,741.1	$	3,767.7	$	1,054.2	$	(4,869.0	)	$	2,694.0

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	174.6	$	76.2	$	(9.6	)	$	241.2
Accrued expenses and other current liabilities	7.6		144.2		82.4		—			234.2
Income taxes payable	—		279.3		10.0		(260.2		)	29.1
Current portion of long-term debt	—		35.7		36.7		—			72.4
Total Current Liabilities	7.6		633.8		205.3		(269.8		)	576.9
Long-term debt, net	1,041.6		589.4		49.7		—			1,680.7
Deferred income taxes	—		107.8		18.3		(11.8		)	114.3
Other non-current liabilities	—		55.2		152.2		—			207.4
Due to affiliates	1,577.2		0.5		501.0		(2,078.7		)	—
Total Liabilities	2,626.4		1,386.7		926.5		(2,360.3		)	2,579.3

Redeemable non-controlling interest	2.2		—		2.2		(2.2		)	2.2

Total Stockholders' Equity	112.5		2,381.0		125.5		(2,506.5		)	112.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,741.1	$	3,767.7	$	1,054.2	$	(4,869.0	)	$	2,694.0

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2018

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	1.0		$	(18.2	)	$	7.5		$	—	$	(9.7	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(18.7		)	(3.1		)	—		(21.8		)
Contributions received from (paid to) subsidiaries and affiliates	—			35.2			(35.2		)	—		—
Other	—			—			4.2			—		4.2
Net cash provided by (used in) by investing activities	—			16.5			(34.1		)	—		(17.6		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	—			185.3			231.8			—		417.1
Repayments of borrowings under long-term debt obligations	—			(191.8		)	(203.0		)	—		(394.8		)
Net activity in investment in and advances (to) from subsidiaries and affiliates	(0.1		)	5.0			(4.9		)	—		—
Proceeds from issuance of treasury shares	1.9			—			—			—		1.9
Treasury stock repurchased	(2.9		)	—			—			—		(2.9		)
Other	—			(1.3		)	(0.5		)	—		(1.8		)
Net cash (used in) provided by financing activities	(1.1		)	(2.8		)	23.4			—		19.5

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			0.4			—		0.4
Decrease in cash and cash equivalents	(0.1		)	(4.5		)	(2.8		)	—		(7.4		)
CASH AND CASH EQUIVALENTS, beginning of period	0.1			12.3			29.5			—		41.9
CASH AND CASH EQUIVALENTS, end of period	$	—		$	7.8		$	26.7		$	—	$	34.5

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities	$	0.1		$	55.1		$	12.0		$	—	$	67.2

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(10.6		)	(2.3		)	—		(12.9		)
Other	—			0.8			0.1			—		0.9
Net cash used in investing activities	—			(9.8		)	(2.2		)	—		(12.0		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	—			251.4			51.5			—		302.9
Repayments of borrowings under long-term debt obligations	—			(278.9		)	(52.9		)	—		(331.8		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	43.6			(19.0		)	(24.6		)	—		—
Proceeds from exercise of stock options	0.1			—			—			—		0.1
Treasury stock repurchased	(43.8		)	—			—			—		(43.8		)
Other	—			(1.1		)	(2.3		)	—		(3.4		)
Net cash used in financing activities	(0.1		)	(47.6		)	(28.3		)	—		(76.0		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(2.4		)	—		(2.4		)
Decrease in cash and cash equivalents	—			(2.3		)	(20.9		)	—		(23.2		)
CASH AND CASH EQUIVALENTS, beginning of period	—			7.9			57.8			—		65.7
CASH AND CASH EQUIVALENTS, end of period	$	—		$	5.6		$	36.9		$	—	$	42.5

- 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)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2018
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. 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 $25.0 million and $21.5 million at March 31, 2018 and December 31, 2017, 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, 2017, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2018. 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.
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. Effective January 1, 2018 with the Company's adoption of Topic 606, the Company recognizes a return asset for the right to recover the goods returned by the customer. The right of return asset is recognized on a gross basis outside of the accrued sales returns and is not material to the Company's Condensed Consolidated Balance Sheet.
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. 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.
Revenue Recognition	Allowance for Doubtful Accounts. 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.
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. 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 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. For derivative instruments that are not designated as hedges, the gain or loss related to the change in fair value is also recorded to 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 forward exchange contract asset and liability as of March 31, 2018 and December 31, 2017 were based on Level 2 inputs and were not material in either period. 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.
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 the enactment dates change. 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	Recently Issued Accounting Pronouncements Leases In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)", that requires lessees to recognize most assets and liabilities on the balance sheet for the rights and obligations created by leases and provides for expanded disclosures on key information about leasing arrangements. Topic 842 is effective for the Company on January 1, 2019. In transition, the Company is required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company is currently evaluating Topic 842 to determine the specific impact it will have on the Company's Condensed Consolidated Financial Statements, but the adoption is expected to result in a material increase in the assets and liabilities recorded on the balance sheet.

- 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)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Schedule of inventory

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



	March 31,		December 31,
(in millions)	2018		2017
Finished goods	$	146.8	$	121.8
Work-in-process	12.2		11.5
Raw materials and supplies	55.7		49.7
	$	214.7	$	183.0

Changes in accrued sales returns

The Company had the following activity for sales returns from December 31, 2017 to March 31, 2018:



(in millions)
Balance as of December 31, 2017	$	30.0
Reclassification and remeasurement of sales return asset under Topic 606	1.7
Balance as of January 1, 2018	31.7
Amounts accrued	22.9
Returns charged to accrual	(21.6		)
Balance as of March 31, 2018	$	33.0

Warranty activity

The Company had the following activity for its accrued warranty expense from December 31, 2017 to March 31, 2018:



(in millions)
Balance as of December 31, 2017	$	36.7
Remeasurement of obligations under Topic 606	2.8
Balance as of January 1, 2018	39.5
Amounts accrued	10.5
Warranties charged to accrual	(11.4		)
Balance as of March 31, 2018	$	38.6

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following table summarizes the impact of adopting Topic 606 on the Company’s Condensed Consolidated Financial Statements as of and for the three months ended March 31, 2018:



(in millions)	As Reported		Balances Without Adoption of Topic 606		Effect of Change Higher/(Lower)
Statement of Income
Net sales	$	648.0	$	642.7	$	5.3
Royalty income, net of royalty expense	—		5.3		(5.3		)

Balance Sheet
Assets
Prepaid expenses and other current assets	$	71.2	$	69.9	$	1.3
Deferred income taxes	25.1		24.1		1.0
Other non-current assets	235.5		234.7		0.8

Liabilities
Accrued expenses and other current liabilities	$	226.5	$	223.9	$	2.6
Other non-current liabilities	214.9		212.0		2.9

Stockholders' Equity
Total stockholders' equity	$	142.6	$	145.0	$	(2.4	)

Disaggregation of Revenue



(in millions)	North America		International		Consolidated
Channel
Wholesale	$	454.0	$	134.2	$	588.2
Direct	31.0		28.8		59.8
Net sales	$	485.0	$	163.0	$	648.0

	North America		International		Consolidated
Product
Bedding products	$	452.3	$	133.2	$	585.5
Other products	32.7		29.8		62.5
Net sales	$	485.0	$	163.0	$	648.0

	North America		International		Consolidated
Geographical region
United States	$	440.2	$	—	$	440.2
Canada	44.8		—		44.8
International	—		163.0		163.0
Net sales	$	485.0	$	163.0	$	648.0

Goodwill (Tables)

3 Months Ended

Mar. 31, 2018

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, 2017	$	576.6		$	156.5		$	733.1
Foreign currency translation and other	(1.9		)	(0.1		)	(2.0		)
Balance as of March 31, 2018	$	574.7		$	156.4		$	731.1

Debt (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of long term debt

Debt for the Company consists of the following:



	March 31, 2018				December 31, 2017
(in millions, except percentages)	Amount			Rate	Amount			Rate	Maturity Date
2016 Credit Agreement
Term A Facility	$	547.5		(1)	$	555.0		(2)	April 6, 2021
Revolver	1.0			(1)	—			(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	85.0			(3)	49.0			(3)	April 12, 2019
Capital lease obligations ⁽⁴⁾	70.5				71.8				Various
Other	29.8				36.7				Various
Total debt	1,783.8				1,762.5
Less: deferred financing costs	(10.6		)		(9.4		)
Total debt, net	1,773.2				1,753.1
Less: current portion	(65.6		)		(72.4		)
Total long-term debt, net	$	1,707.6			$	1,680.7



(1)	Interest at LIBOR plus applicable margin of 1.75% as of March 31, 2018
(2)	Interest at LIBOR plus applicable margin of 1.75% as of December 31, 2017.
(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)	March 31, 2018		December 31, 2017
2023 Senior Notes	$	453.6	$	470.9
2026 Senior Notes	582.3		618.1

- 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)

3 Months Ended

Mar. 31, 2018

Stockholders' Equity Note [Abstract]

Changes in accumulated other comprehensive loss

AOCL consisted of the following:



	Three Months Ended
	March 31,
(in millions)	2018			2017
Foreign Currency Translation
Balance at beginning of period	$	(72.8	)	$	(119.9	)
Other comprehensive income:
Foreign currency translation adjustments ⁽¹⁾	5.0			8.8
Balance at end of period	$	(67.8	)	$	(111.1	)

Pensions
Balance at beginning of period	$	(2.7	)	$	(2.2	)
Other comprehensive loss:
Net change from period revaluations, net of tax	—			—
Tax expense ⁽²⁾	—			—
Total other comprehensive income before reclassifications, net of tax	$	—		$	—
Net amount reclassified to earnings ⁽¹⁾	—			—
U.S. tax reform - reclassification to retained earnings upon adoption of ASU No. 2018-02	(0.5		)	—
Tax benefit ⁽²⁾	(0.1		)	—
Total amount reclassified from accumulated other comprehensive loss, net of tax	$	(0.6	)	$	—
Total other comprehensive loss	(0.6		)	—
Balance at end of period	$	(3.3	)	$	(2.2	)

Foreign Exchange Forward Contracts
Balance at beginning of period	$	—		$	0.6
Other comprehensive loss:
Net change from period revaluations	—			(0.3		)
Tax benefit ⁽²⁾	—			0.1
Total other comprehensive loss before reclassifications, net of tax	$	—		$	(0.2	)
Net amount reclassified to earnings ⁽³⁾	—			(0.4		)
Tax benefit ⁽²⁾	—			0.1
Total amount reclassified from accumulated other comprehensive loss, net of tax	$	—		$	(0.3	)
Total other comprehensive loss	—			(0.5		)
Balance at end of period	$	—		$	0.1



(1)	In 2018 and 2017, 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)

3 Months Ended

Mar. 31, 2018

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 (benefit) is presented in the following table:



	Three Months Ended March 31,
(in millions)	2018		2017
PRSU expense (benefit)	$	0.8	$	(9.3	)
Option expense	1.9		2.0
RSU/DSU expense	3.6		3.9
Total stock-based compensation expense (benefit)	$	6.3	$	(3.4	)

Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2018

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
	March 31,
(in millions, except per common share amounts)	2018		2017
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$	23.1	$	33.9

Denominator:
Denominator for basic earnings per common share-weighted average shares	54.3		53.9
Effect of dilutive securities:
Employee stock-based compensation	0.6		0.7
Denominator for diluted earnings per common share-adjusted weighted average shares	54.9		54.6

Basic earnings per common share	$	0.43	$	0.63

Diluted earnings per common share	$	0.42	$	0.62

Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Total assets and long-lived assets by segment

The following table summarizes total assets by segment:



(in millions)	March 31, 2018			December 31, 2017
North America	$	2,790.0		$	2,759.4
International	639.5			609.4
Corporate	629.1			627.3
Inter-segment eliminations	(1,308.6		)	(1,302.1		)
Total assets	$	2,750.0		$	2,694.0

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



(in millions)	March 31, 2018		December 31, 2017
North America	$	310.6	$	307.6
International	54.7		54.7
Corporate	71.5		72.8
Total property, plant and equipment, net	$	436.8	$	435.1

Segment financial information

The following table summarizes segment information for the three months ended March 31, 2018:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	485.0	$	163.0		$	—		$	—		$	648.0

Inter-segment sales	$	0.6	$	0.2		$	—		$	(0.8	)	$	—
Inter-segment royalty expense (income)	0.5		(0.5		)	—			—			—
Gross profit	184.0		83.9			—			—			267.9
Operating income (loss)	54.0		26.9			(27.0		)	—			53.9
Income (loss) before income taxes	51.8		26.5			(45.5		)	—			32.8

Depreciation and amortization ⁽¹⁾	$	13.4	$	3.7		$	10.1		$	—		$	27.2
Capital expenditures	16.8		2.9			2.1			—			21.8


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

The following table summarizes segment information for the three months ended March 31, 2017:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	582.3	$	139.8		$	—		$	—		$	722.1

Inter-segment sales	$	0.9	$	0.1		$	—		$	(1.0	)	$	—
Inter-segment royalty expense (income)	1.7		(1.7		)	—			—			—
Gross profit	214.5		72.1			—			—			286.6
Operating income (loss)	51.4		25.9			(17.8		)	—			59.5
Income (loss) before income taxes	59.4		23.7			(36.5		)	—			46.6

Depreciation and amortization ⁽¹⁾	$	12.3	$	3.7		$	0.2		$	—		$	16.2
Capital expenditures	8.6		1.5			2.8			—			12.9


(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)	March 31, 2018		December 31, 2017
United States	$	375.2	$	373.2
Canada	6.9		7.2
Other International	54.7		54.7
Total property, plant and equipment, net	$	436.8	$	435.1
Total International	$	61.6	$	61.9

Net sales by geographic region

The following table summarizes net sales by geographic region:



	Three Months Ended
	March 31,
(in millions)	2018		2017
United States	$	440.2	$	533.5
Canada	44.8		48.8
Other International	163.0		139.8
Total net sales	$	648.0	$	722.1
Total International	$	207.8	$	188.6

Guarantor/Non-Guarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	440.7		$	224.8		$	(17.5	)	$	648.0
Cost of sales	—			266.4			131.2			(17.5		)	380.1
Gross profit	—			174.3			93.6			—			267.9
Selling and marketing expenses	1.9			93.1			53.9			—			148.9
General, administrative and other expenses	4.7			47.5			16.8			—			69.0
Equity income in earnings of unconsolidated affiliates	—			—			(3.9		)	—			(3.9		)
Operating (loss) income	(6.6		)	33.7			26.8			—			53.9

Other expense, net:
Third party interest expense, net	14.9			6.9			1.1			—			22.9
Intercompany interest (income) expense, net	(1.8		)	1.8			—			—			—
Interest expense, net	13.1			8.7			1.1			—			22.9
Other (income) expense, net	—			(2.2		)	0.4			—			(1.8		)
Total other expense, net	13.1			6.5			1.5			—			21.1

Income from equity investees	39.1			19.0			—			(58.1		)	—

Income before income taxes	19.4			46.2			25.3			(58.1		)	32.8
Income tax benefit (provision)	3.4			(7.1		)	(6.3		)	—			(10.0		)
Net income before non-controlling interest	22.8			39.1			19.0			(58.1		)	22.8
Less: Net loss attributable to non-controlling interest	(0.3		)	—			(0.3		)	0.3			(0.3		)
Net income attributable to Tempur Sealy International, Inc.	$	23.1		$	39.1		$	19.3		$	(58.4	)	$	23.1

Comprehensive income attributable to Tempur Sealy International, Inc.	$	27.5		$	38.5		$	24.3		$	(62.8	)	$	27.5

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended March 31, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	529.8		$	212.7		$	(20.4	)	$	722.1
Cost of sales	—			330.3			125.6			(20.4		)	435.5
Gross profit	—			199.5			87.1			—			286.6
Selling and marketing expenses	1.4			104.9			47.4			—			153.7
General, administrative and other expenses	4.0			44.3			18.2			—			66.5
Customer termination charges, net	(8.4		)	21.8			1.0						14.4
Equity income in earnings of unconsolidated affiliates	—			—			(2.7		)	—			(2.7		)
Royalty income, net of royalty expense	—			(4.8		)	—			—			(4.8		)
Operating income	3.0			33.3			23.2			—			59.5

Other expense, net:
Third party interest expense, net	14.9			6.5			0.7			—			22.1
Intercompany interest (income) expense, net	(1.2		)	(0.3		)	1.5			—			—
Interest expense, net	13.7			6.2			2.2			—			22.1
Other (income) expense, net	—			(9.3		)	0.1			—			(9.2		)
Total other expense (income), net	13.7			(3.1		)	2.3			—			12.9

Income from equity investees	40.6			15.6			—			(56.2		)	—

Income before income taxes	29.9			52.0			20.9			(56.2		)	46.6
Income tax benefit (provision)	2.1			(11.4		)	(5.3		)	—			(14.6		)
Net income before non-controlling interests	32.0			40.6			15.6			(56.2		)	32.0
Less: Net loss attributable to non-controlling interests	(1.9		)	—			(1.9		)	1.9			(1.9		)
Net income attributable to Tempur Sealy International, Inc.	$	33.9		$	40.6		$	17.5		$	(58.1	)	$	33.9

Comprehensive income attributable to Tempur Sealy International, Inc.	$	42.2		$	36.1		$	30.4		$	(66.5	)	$	42.2

Schedule of supplemental condensed consolidated balance sheets

Supplemental Condensed Consolidated Balance Sheets

March 31, 2018

(in millions)



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

Current Assets:
Cash and cash equivalents	$	—	$	7.8	$	26.7	$	—		$	34.5
Accounts receivable, net	—		5.1		323.2		11.1			339.4
Inventories	—		130.3		84.4		—			214.7
Income taxes receivable	264.4		—		—		(264.4		)	—
Prepaid expenses and other current assets	0.6		52.8		17.8		—			71.2
Total Current Assets	265.0		196.0		452.1		(253.3		)	659.8
Property, plant and equipment, net	—		362.7		74.1		—			436.8
Goodwill	—		507.6		223.5		—			731.1
Other intangible assets, net	—		574.6		87.1		—			661.7
Deferred income taxes	11.1		—		25.1		(11.1		)	25.1
Other non-current assets	—		44.2		191.3		—			235.5
Net investment in subsidiaries	544.9		116.5		—		(661.4		)	—
Due from affiliates	432.8		131.1		21.2		(585.1		)	—
Total Assets	$	1,253.8	$	1,932.7	$	1,074.4	$	(1,510.9	)	$	2,750.0

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	159.8	$	77.8	$	11.1		$	248.7
Accrued expenses and other current liabilities	21.4		124.4		80.7		—			226.5
Income taxes payable	—		285.9		7.2		(264.4		)	28.7
Current portion of long-term debt	—		35.8		29.8		—			65.6
Total Current Liabilities	21.4		605.9		195.5		(253.3		)	569.5
Long-term debt, net	1,042.0		580.0		85.6		—			1,707.6
Deferred income taxes	—		107.1		17.5		(11.1		)	113.5
Other non-current liabilities	—		57.7		157.2		—			214.9
Due to affiliates	45.9		37.1		502.1		(585.1		)	—
Total Liabilities	1,109.3		1,387.8		957.9		(849.5		)	2,605.5

Redeemable non-controlling interest	1.9		—		1.9		(1.9		)	1.9

Total Stockholders' Equity	142.6		544.9		114.6		(659.5		)	142.6
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	1,253.8	$	1,932.7	$	1,074.4	$	(1,510.9	)	$	2,750.0

Supplemental Condensed Consolidated Balance Sheets

December 31, 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	$	0.1	$	12.3	$	29.5	$	—		$	41.9
Accounts receivable, net	—		5.1		322.2		(9.6		)	317.7
Inventories	—		103.4		79.6		—			183.0
Income taxes receivable	260.2		—		—		(260.2		)	—
Prepaid expenses and other current assets	0.8		50.6		13.4		—			64.8
Total Current Assets	261.1		171.4		444.7		(269.8		)	607.4
Property, plant and equipment, net	—		360.4		74.7		—			435.1
Goodwill	—		507.6		225.5		—			733.1
Other intangible assets, net	—		577.5		89.9		—			667.4
Deferred income taxes	11.8		—		23.6		(11.8		)	23.6
Other non-current assets	—		47.2		180.2		—			227.4
Net investment in subsidiaries	2,381.0		127.7		—		(2,508.7		)	—
Due from affiliates	87.2		1,975.9		15.6		(2,078.7		)	—
Total Assets	$	2,741.1	$	3,767.7	$	1,054.2	$	(4,869.0	)	$	2,694.0

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	174.6	$	76.2	$	(9.6	)	$	241.2
Accrued expenses and other current liabilities	7.6		144.2		82.4		—			234.2
Income taxes payable	—		279.3		10.0		(260.2		)	29.1
Current portion of long-term debt	—		35.7		36.7		—			72.4
Total Current Liabilities	7.6		633.8		205.3		(269.8		)	576.9
Long-term debt, net	1,041.6		589.4		49.7		—			1,680.7
Deferred income taxes	—		107.8		18.3		(11.8		)	114.3
Other non-current liabilities	—		55.2		152.2		—			207.4
Due to affiliates	1,577.2		0.5		501.0		(2,078.7		)	—
Total Liabilities	2,626.4		1,386.7		926.5		(2,360.3		)	2,579.3

Redeemable non-controlling interest	2.2		—		2.2		(2.2		)	2.2

Total Stockholders' Equity	112.5		2,381.0		125.5		(2,506.5		)	112.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,741.1	$	3,767.7	$	1,054.2	$	(4,869.0	)	$	2,694.0

Schedule of supplemental condensed consolidated statements of cash flows

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2018

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	1.0		$	(18.2	)	$	7.5		$	—	$	(9.7	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(18.7		)	(3.1		)	—		(21.8		)
Contributions received from (paid to) subsidiaries and affiliates	—			35.2			(35.2		)	—		—
Other	—			—			4.2			—		4.2
Net cash provided by (used in) by investing activities	—			16.5			(34.1		)	—		(17.6		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	—			185.3			231.8			—		417.1
Repayments of borrowings under long-term debt obligations	—			(191.8		)	(203.0		)	—		(394.8		)
Net activity in investment in and advances (to) from subsidiaries and affiliates	(0.1		)	5.0			(4.9		)	—		—
Proceeds from issuance of treasury shares	1.9			—			—			—		1.9
Treasury stock repurchased	(2.9		)	—			—			—		(2.9		)
Other	—			(1.3		)	(0.5		)	—		(1.8		)
Net cash (used in) provided by financing activities	(1.1		)	(2.8		)	23.4			—		19.5

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			0.4			—		0.4
Decrease in cash and cash equivalents	(0.1		)	(4.5		)	(2.8		)	—		(7.4		)
CASH AND CASH EQUIVALENTS, beginning of period	0.1			12.3			29.5			—		41.9
CASH AND CASH EQUIVALENTS, end of period	$	—		$	7.8		$	26.7		$	—	$	34.5

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash provided by operating activities	$	0.1		$	55.1		$	12.0		$	—	$	67.2

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(10.6		)	(2.3		)	—		(12.9		)
Other	—			0.8			0.1			—		0.9
Net cash used in investing activities	—			(9.8		)	(2.2		)	—		(12.0		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	—			251.4			51.5			—		302.9
Repayments of borrowings under long-term debt obligations	—			(278.9		)	(52.9		)	—		(331.8		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	43.6			(19.0		)	(24.6		)	—		—
Proceeds from exercise of stock options	0.1			—			—			—		0.1
Treasury stock repurchased	(43.8		)	—			—			—		(43.8		)
Other	—			(1.1		)	(2.3		)	—		(3.4		)
Net cash used in financing activities	(0.1		)	(47.6		)	(28.3		)	—		(76.0		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(2.4		)	—		(2.4		)
Decrease in cash and cash equivalents	—			(2.3		)	(20.9		)	—		(23.2		)
CASH AND CASH EQUIVALENTS, beginning of period	—			7.9			57.8			—		65.7
CASH AND CASH EQUIVALENTS, end of period	$	—		$	5.6		$	36.9		$	—	$	42.5

Summary of Significant Accounting Policies (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018 USD ($) channel	Mar. 31, 2017 USD ($)	Dec. 31, 2017 USD ($)
Valuation and Qualifying Accounts Disclosure [Line Items]
Number of products sales channels \| channel	2
Ownership percentage	50.00%
Net investment	$ 25.0		$ 21.5
Revenue Recognition [Abstract]
Allowance for doubtful accounts included in accounts receivable, net	28.2		27.4
Tax benefit recognized		$ 9.3
Revenues	648.0	722.1
Mattress Firm
Revenue Recognition [Abstract]
Restructuring charges		25.9
Tax benefit recognized		9.3
Revenues		9.3
Mattress Firm \| Cost of Sales
Revenue Recognition [Abstract]
Restructuring charges		11.5
Write-off of inventory		5.4
Warranty costs		6.1
Mattress Firm \| Customer Termination Charges, Net
Revenue Recognition [Abstract]
Restructuring charges		14.4
Write off of incentives and marketing assets, employee-related costs, and professional fees		22.8
Accelerated amortization		$ 0.9
Accounts Payable and Accrued Liabilities
Warranty Term [Abstract]
Accrued warranty expense	16.9		16.7
Other Noncurrent Liabilities
Warranty Term [Abstract]
Accrued warranty expense	$ 21.7		$ 20.0
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	Mar. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Finished goods	$ 146.8	$ 121.8
Work-in-process	12.2	11.5
Raw materials and supplies	55.7	49.7
Total	$ 214.7	$ 183.0

Summary of Significant Accounting Policies - Changes In Accured Sales Returns (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Changes in Accrued Sales Returns [Roll Forward]
Beginning balance	$ 19.6
Ending balance	21.0
Accrued sales returns	21.0
Sales Returns
Changes in Accrued Sales Returns [Roll Forward]
Beginning balance	31.7
Reclassification and remeasurement of sales return asset under Topic 606		$ 1.7
Amounts accrued	22.9
Returns charged to accrual	(21.6)
Ending balance	33.0
Accrued expenses and other current liabilities
Changes in Accrued Sales Returns [Roll Forward]
Accrued sales returns		19.6
Other Noncurrent Liabilities
Changes in Accrued Sales Returns [Roll Forward]
Accrued sales returns	12.0	$ 10.4
Previously Reported \| Sales Returns
Changes in Accrued Sales Returns [Roll Forward]
Beginning balance	$ 30.0

Summary of Significant Accounting Policies - Warranty Activity (Details) - Warranty Reserves - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 39.5
Reclassification and remeasurement of sales return asset under Topic 606		$ 2.8
Amounts accrued	10.5
Warranties charged to accrual	(11.4)
Ending balance	38.6
Previously Reported
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 36.7

Revenue Recognition - Adoption Impact (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018	Dec. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenues	$ 648.0	$ 722.1
Royalty income, net of royalty expense	0.0	$ (4.8)
Prepaid expenses and other current assets	71.2			$ 64.8
Deferred income taxes	25.1			23.6
Other non-current assets	235.5			227.4
Accrued expenses and other current liabilities	226.5			234.2
Other non-current liabilities	214.9			207.4
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	142.6			$ 112.5
Calculated under Revenue Guidance in Effect before Topic 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenues	642.7
Royalty income, net of royalty expense	(5.3)
Prepaid expenses and other current assets	69.9
Deferred income taxes	24.1
Other non-current assets	234.7
Accrued expenses and other current liabilities	223.9
Other non-current liabilities	212.0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	145.0
Difference between Revenue Guidance in Effect before and after Topic 606 \| Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenues	5.3
Royalty income, net of royalty expense	5.3
Prepaid expenses and other current assets	1.3
Deferred income taxes	1.0
Other non-current assets	0.8
Accrued expenses and other current liabilities	2.6
Other non-current liabilities	2.9
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (2.4)
Retained Earnings \| Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Reclassification and remeasurement of sales return asset under Topic 606			$ 3.0

Revenue Recognition - Sales (Details) $ in Millions	3 Months Ended
Revenue Recognition - Sales (Details) $ in Millions	Mar. 31, 2018 USD ($) product_category channel	Mar. 31, 2017 USD ($)
Disaggregation of Revenue [Line Items]
Net sales	$ 648.0	$ 722.1
Number of products sales channels \| channel	2
Number of product categories \| product_category	2
United States
Disaggregation of Revenue [Line Items]
Net sales		533.5
Canada
Disaggregation of Revenue [Line Items]
Net sales		48.8
Operating Segments \| United States
Disaggregation of Revenue [Line Items]
Net sales	$ 440.2
Operating Segments \| Canada
Disaggregation of Revenue [Line Items]
Net sales	44.8
Operating Segments \| International
Disaggregation of Revenue [Line Items]
Net sales	163.0
Operating Segments \| Bedding products
Disaggregation of Revenue [Line Items]
Net sales	585.5
Operating Segments \| Other products
Disaggregation of Revenue [Line Items]
Net sales	62.5
Operating Segments \| Wholesale
Disaggregation of Revenue [Line Items]
Net sales	588.2
Operating Segments \| Direct
Disaggregation of Revenue [Line Items]
Net sales	59.8
Operating Segments \| North America
Disaggregation of Revenue [Line Items]
Net sales	485.0	582.3
Operating Segments \| North America \| United States
Disaggregation of Revenue [Line Items]
Net sales	440.2
Operating Segments \| North America \| Canada
Disaggregation of Revenue [Line Items]
Net sales	44.8
Operating Segments \| North America \| International
Disaggregation of Revenue [Line Items]
Net sales	0.0
Operating Segments \| North America \| Bedding products
Disaggregation of Revenue [Line Items]
Net sales	452.3
Operating Segments \| North America \| Other products
Disaggregation of Revenue [Line Items]
Net sales	32.7
Operating Segments \| North America \| Wholesale
Disaggregation of Revenue [Line Items]
Net sales	454.0
Operating Segments \| North America \| Direct
Disaggregation of Revenue [Line Items]
Net sales	31.0
Operating Segments \| International
Disaggregation of Revenue [Line Items]
Net sales	163.0	$ 139.8
Operating Segments \| International \| United States
Disaggregation of Revenue [Line Items]
Net sales	0.0
Operating Segments \| International \| Canada
Disaggregation of Revenue [Line Items]
Net sales	0.0
Operating Segments \| International \| Bedding products
Disaggregation of Revenue [Line Items]
Net sales	133.2
Operating Segments \| International \| Other products
Disaggregation of Revenue [Line Items]
Net sales	29.8
Operating Segments \| International \| Wholesale
Disaggregation of Revenue [Line Items]
Net sales	134.2
Operating Segments \| International \| Direct
Disaggregation of Revenue [Line Items]
Net sales	$ 28.8

Goodwill (Details) $ in Millions	3 Months Ended
Goodwill (Details) $ in Millions	Mar. 31, 2018 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 733.1
Foreign currency translation and other	(2.0)
Ending balance	731.1
North America
Goodwill [Roll Forward]
Beginning balance	576.6
Foreign currency translation and other	(1.9)
Ending balance	574.7
International
Goodwill [Roll Forward]
Beginning balance	156.5
Foreign currency translation and other	(0.1)
Ending balance	$ 156.4

Debt (Details) - USD ($)	3 Months Ended
Debt (Details) - USD ($)	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Apr. 12, 2017
Long-term Debt, by Current and Noncurrent [Abstract]
Other	$ 29,800,000		$ 36,700,000
Total debt	1,783,800,000		1,762,500,000
Less: deferred financing costs	(10,600,000)		(9,400,000)
Total debt, net	1,773,200,000		1,753,100,000
Less: current portion	(65,600,000)		(72,400,000)
Total long-term debt, net	1,707,600,000		1,680,700,000
Revolving Credit Facility
Line of Credit Facility [Abstract]
Maximum borrowing capacity				$ 120,000,000.0
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	$ 582,300,000		$ 618,100,000
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	$ 453,600,000		$ 470,900,000
Securitized debt
Long-term Debt, by Current and Noncurrent [Abstract]
Securitized debt	$ 85,000,000		49,000,000
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	$ 70,500,000		71,800,000
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	14,300,000
Foreign qualified cash	12,100,000
2016 Credit Agreement \| Term A Facility
Long-term Debt, by Current and Noncurrent [Abstract]
Line of credit	$ 547,500,000		555,000,000
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%	1.75%
2016 Credit Agreement \| Revolver
Long-term Debt, by Current and Noncurrent [Abstract]
Line of credit	$ 1,000,000		$ 0
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%	1.75%

Stockholders' Equity (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018 USD ($) vote $ / shares shares	Mar. 31, 2017 USD ($)	Feb. 08, 2017 shares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock shares authorized (in shares)	300,000,000.0
Common stock par value (USD per share) \| $ / shares	$ 0.01
Preferred stock authorized shares (in shares)	10,000.00
Preferred stock par or stated value (in dollars per share) \| $ / shares	$ 0.01
Common stock, number of votes granted per common share held \| vote	1
Treasury stock, shares, acquired (in shares)	600,000
Value of treasury stock acquired \| $	$ 40.1
Series A Preferred Stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
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 \| $	$ 2.9	$ 3.7
Repurchase of shares upon vesting of PRSUs withheld to satisfy tax withholding obligations (in shares)	100,000
February 2016 Program
Accumulated Other Comprehensive Income (Loss) [Line Items]
Remaining shares under share repurchase authorization (in shares)	226,900,000

Stockholders' Equity - AOCL (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 112.5
Other comprehensive income, net of tax	4.4	$ 8.3
Balance at end of period	142.6
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(72.8)	(119.9)
Tax (expense) benefits	0.0	0.0
Net amount reclassified to earnings	0.0	0.0
Other comprehensive income, net of tax	5.0	8.8
Balance at end of period	(67.8)	(111.1)
Pensions
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(2.7)	(2.2)
Net change from period revaluations	0.0	0.0
Tax (expense) benefits	0.0	0.0
Total other comprehensive gain (loss) before reclassifications, net of tax	0.0	0.0
Net amount reclassified to earnings	0.0	0.0
U.S. tax reform - reclassification to retained earnings upon adoption of ASU No. 2018-02	(0.5)	0.0
Tax benefit	(0.1)	0.0
Total amount reclassified from accumulated other comprehensive loss, net of tax	(0.6)	0.0
Other comprehensive income, net of tax	(0.6)	0.0
Balance at end of period	(3.3)	(2.2)
Foreign Exchange Forward Contracts
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	0.0	0.6
Net change from period revaluations	0.0	(0.3)
Tax (expense) benefits	0.0	0.1
Total other comprehensive gain (loss) before reclassifications, net of tax	0.0	(0.2)
Net amount reclassified to earnings	0.0	(0.4)
Tax benefit	0.0	0.1
Total amount reclassified from accumulated other comprehensive loss, net of tax	0.0	(0.3)
Other comprehensive income, net of tax	0.0	(0.5)
Balance at end of period	$ 0.0	$ 0.1

Other Items (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Accrued Liabilities and Other Liabilities [Abstract]
Wages and benefits	$ 47.4	$ 57.6
Advertising	36.1	44.5
Sales returns	21.0	19.6
Warranty	16.9	16.7
Rebates	5.7	11.4
Other	99.4	84.4
Total accrued liabilities	$ 226.5	$ 234.2

Stock-Based Compensation (Details) - USD ($) shares in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (benefit)	$ 6,300,000	$ (3,400,000)
Tax benefit recognized		9,300,000
2017 Target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	24,900,000
PRSU expense (benefit)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (benefit)	800,000	(9,300,000)
PRSU expense (benefit) \| 2017 Aspirational Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 650,000,000
Target shares forfeited	66.66%
Outstanding (in shares)	0.3
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]
Grants in period	1.5
PRSU expense (benefit) \| 2019 Aspirational Plan \| 2018 Target \| Adjust EBITDA is $600 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 600,000,000
Award vesting percentage	66.00%
PRSU expense (benefit) \| 2019 Aspirational Plan \| 2018 Target \| Adjusted EBITDA equals or exceeds $650 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 650,000,000
Award vesting percentage	100.00%
PRSU expense (benefit) \| 2019 Aspirational Plan \| 2018 Target \| 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
PRSU expense (benefit) \| 2019 Aspirational Plan \| 2017 Target \| Adjust EBITDA is $600 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 600,000,000
Award vesting percentage	66.00%
PRSU expense (benefit) \| 2019 Aspirational Plan \| 2017 Target \| Adjusted EBITDA equals or exceeds $650 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 650,000,000
Award vesting percentage	100.00%
PRSU expense (benefit) \| 2019 Aspirational Plan \| 2017 Target \| 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
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	92,000,000
Option expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (benefit)	1,900,000	2,000,000
RSU/DSU expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (benefit)	3,600,000	$ 3,900,000
Minimum \| PRSU expense (benefit) \| 2019 Aspirational Plan \| 2018 Target \| 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
Minimum \| PRSU expense (benefit) \| 2019 Aspirational Plan \| 2017 Target \| 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
Maximum \| PRSU expense (benefit) \| 2019 Aspirational Plan \| 2018 Target \| 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
Maximum \| PRSU expense (benefit) \| 2019 Aspirational Plan \| 2017 Target \| 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

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) kr in Millions, $ in Millions	1 Months Ended	3 Months Ended
Income Taxes (Details) kr in Millions, $ in Millions	Jul. 31, 2016 DKK (kr)	Mar. 31, 2018 USD ($)	Mar. 31, 2018 DKK (kr)	Mar. 31, 2017	Mar. 31, 2018 DKK (kr)	Dec. 31, 2017 USD ($)	Dec. 31, 2017 DKK (kr)
Income Tax Examination [Line Items]
Effective income tax provision (as a percent)		30.50%	30.50%	31.30%
Statutory U.S. federal income tax (as a percent)		21.00%	21.00%	35.00%
Unrecognized tax benefits that would impact effective tax rate		$ 33.7				$ 31.7
Danish Tax Authority (SKAT) \| Foreign Tax Authority
Income Tax Examination [Line Items]
Royalty rate (as a percent)		20.00%	20.00%
Cumulative total tax assessment		$ 274.6			kr 1,661.1	264.3	kr 1,638.4
Unrecognized tax benefits		142.2			861.0	137.9	855.0
Deferred tax assets		49.0				48.3
Valuation allowance		19.3				17.6
VAT taxes withheld by tax authority		59.1			357.5	54.2	336.5
Deposit paid to SKAT	kr 615.2	101.7
VAT refund applied to income tax liability		37.1	kr 224.6
Danish Tax Authority (SKAT) \| Foreign Tax Authority \| Tax Years 2001-2011
Income Tax Examination [Line Items]
Unrecognized tax benefits		138.2			836.0	134.9	836.0
Danish Tax Authority (SKAT) \| Foreign Tax Authority \| Tax Years After 2011
Income Tax Examination [Line Items]
Unrecognized tax benefits		$ 4.0			kr 24.0	$ 3.0	kr 18.0

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$ 23.1	$ 33.9
Denominator:
Denominator for basic earnings per common share-weighted average shares (in shares)	54.3	53.9
Effect of dilutive securities:
Employee stock-based compensation (in shares)	0.6	0.7
Denominator for diluted earnings per common share-adjusted weighted average shares	54.9	54.6
Basic earnings per common share (in dollars per share)	$ 0.43	$ 0.63
Diluted earnings per common share (in dollars per share)	$ 0.42	$ 0.62
Shares excluded from diluted earnings per common share computation as anti-dilutive (in shares)	1.5	1.5

Business Segment Information (Details) $ in Millions	3 Months Ended
Business Segment Information (Details) $ in Millions	Mar. 31, 2018 USD ($) segment	Mar. 31, 2017 USD ($)	Dec. 31, 2017 USD ($)
Segment Reporting [Abstract]
Number of business segments \| segment	2
Segment Reporting Information [Line Items]
Total assets	$ 2,750.0		$ 2,694.0
Total property, plant and equipment, net	436.8		435.1
Net sales	648.0	$ 722.1
Inter-segment royalty expense (income)	0.0	4.8
Gross profit	267.9	286.6
Operating income (loss)	53.9	59.5
Income (loss) before income taxes	32.8	46.6
Depreciation and amortization (including stock-based compensation amortization)	27.2	16.2
Capital expenditures	21.8	12.9
Long-lived assets	436.8		435.1
United States
Segment Reporting Information [Line Items]
Net sales		533.5
Long-lived assets	375.2		373.2
Canada
Segment Reporting Information [Line Items]
Net sales		48.8
Long-lived assets	6.9		7.2
Other International
Segment Reporting Information [Line Items]
Net sales		139.8
Long-lived assets	54.7		54.7
Total International
Segment Reporting Information [Line Items]
Net sales	207.8	188.6
Long-lived assets	61.6		61.9
Operating Segments
Segment Reporting Information [Line Items]
Total property, plant and equipment, net	436.8		435.1
Operating Segments \| United States
Segment Reporting Information [Line Items]
Net sales	440.2
Operating Segments \| Canada
Segment Reporting Information [Line Items]
Net sales	44.8
Operating Segments \| North America
Segment Reporting Information [Line Items]
Total assets	2,790.0		2,759.4
Total property, plant and equipment, net	310.6		307.6
Net sales	485.0	582.3
Gross profit	184.0	214.5
Operating income (loss)	54.0	51.4
Income (loss) before income taxes	51.8	59.4
Depreciation and amortization (including stock-based compensation amortization)	13.4	12.3
Capital expenditures	16.8	8.6
Operating Segments \| North America \| United States
Segment Reporting Information [Line Items]
Net sales	440.2
Operating Segments \| North America \| Canada
Segment Reporting Information [Line Items]
Net sales	44.8
Operating Segments \| International
Segment Reporting Information [Line Items]
Total assets	639.5		609.4
Total property, plant and equipment, net	54.7		54.7
Net sales	163.0	139.8
Gross profit	83.9	72.1
Operating income (loss)	26.9	25.9
Income (loss) before income taxes	26.5	23.7
Depreciation and amortization (including stock-based compensation amortization)	3.7	3.7
Capital expenditures	2.9	1.5
Operating Segments \| International \| United States
Segment Reporting Information [Line Items]
Net sales	0.0
Operating Segments \| International \| Canada
Segment Reporting Information [Line Items]
Net sales	0.0
Operating Segments \| International \| Other International
Segment Reporting Information [Line Items]
Net sales	163.0
Corporate
Segment Reporting Information [Line Items]
Total assets	629.1		627.3
Total property, plant and equipment, net	71.5		72.8
Operating income (loss)	(27.0)	(17.8)
Income (loss) before income taxes	(45.5)	(36.5)
Depreciation and amortization (including stock-based compensation amortization)	10.1	0.2
Capital expenditures	2.1	2.8
Inter-segment eliminations
Segment Reporting Information [Line Items]
Total assets	(1,308.6)		$ (1,302.1)
Net sales	(0.8)	(1.0)
Inter-segment eliminations \| North America
Segment Reporting Information [Line Items]
Net sales	0.6	0.9
Inter-segment royalty expense (income)	0.5	1.7
Inter-segment eliminations \| International
Segment Reporting Information [Line Items]
Net sales	0.2	0.1
Inter-segment royalty expense (income)	$ (0.5)	$ (1.7)

Guarantor/Non-Guarantor Financial Information - Narrative (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
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
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Dec. 31, 2017
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	$ 648.0	$ 722.1
Cost of sales	380.1	435.5
Gross profit	267.9	286.6
Selling and marketing expenses	148.9	153.7
General, administrative and other expenses	69.0	66.5
Customer termination charges, net	0.0	14.4
Equity income in earnings of unconsolidated affiliates	(3.9)	(2.7)
Royalty income, net of royalty expense	0.0	(4.8)
Operating income	53.9	59.5
Other expense, net:
Interest expense, net	22.9	22.1
Other (income) expense, net	(1.8)	(9.2)
Total other expense, net	21.1	12.9
Income before income taxes	32.8	46.6
Income tax benefit (provision)	(10.0)	(14.6)
Net income before non-controlling interest	22.8	32.0
Less: Net loss attributable to non-controlling interests	(0.3)	(1.9)
Net income attributable to Tempur Sealy International, Inc.	23.1	33.9
Comprehensive income attributable to Tempur Sealy International, Inc.	27.5	42.2
Current Assets:
Cash and cash equivalents	41.9	65.7	$ 34.5	$ 41.9
Accounts receivable, net			339.4	317.7
Inventories			214.7	183.0
Prepaid expenses and other current assets			71.2	64.8
Total Current Assets			659.8	607.4
Property, plant and equipment, net			436.8	435.1
Goodwill			731.1	733.1
Other intangible assets, net			661.7	667.4
Other non-current assets			235.5	227.4
Total Assets			2,750.0	2,694.0
Current Liabilities:
Accounts payable			248.7	241.2
Accrued expenses and other current liabilities			226.5	234.2
Income taxes payable			28.7	29.1
Current portion of long-term debt			65.6	72.4
Total Current Liabilities			569.5	576.9
Long-term debt, net			1,707.6	1,680.7
Other non-current liabilities			214.9	207.4
Total Liabilities			2,605.5	2,579.3
Redeemable non-controlling interest			1.9	2.2
Total Stockholders' Equity			142.6	112.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity			2,750.0	2,694.0
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in) operating activities	(9.7)	67.2
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(21.8)	(12.9)
Other	(4.2)	0.9
Net cash used in investing activities	(17.6)	(12.0)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	417.1	302.9
Repayments of borrowings under long-term debt obligations	(394.8)	(331.8)
Proceeds from exercise of stock options	1.9	0.1
Treasury stock repurchased	(2.9)	(43.8)
Other	(1.8)	(3.4)
Net cash used in financing activities	19.5	(76.0)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.4	(2.4)
Decrease in cash and cash equivalents	(7.4)	(23.2)
CASH AND CASH EQUIVALENTS, beginning of period	41.9	65.7
CASH AND CASH EQUIVALENTS, end of period	34.5	42.5
Consolidated
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	648.0	722.1
Cost of sales	380.1	435.5
Gross profit	267.9	286.6
Selling and marketing expenses	148.9	153.7
General, administrative and other expenses	69.0	66.5
Customer termination charges, net		14.4
Equity income in earnings of unconsolidated affiliates	(3.9)	(2.7)
Royalty income, net of royalty expense		(4.8)
Operating income	53.9	59.5
Other expense, net:
Third party interest expense, net	22.9	22.1
Intercompany interest (income) expense, net	0.0	0.0
Interest expense, net	22.9	22.1
Other (income) expense, net	(1.8)	(9.2)
Total other expense, net	21.1	12.9
Income from equity investees	0.0	0.0
Income before income taxes	32.8	46.6
Income tax benefit (provision)	(10.0)	(14.6)
Net income before non-controlling interest	22.8	32.0
Less: Net loss attributable to non-controlling interests	(0.3)	(1.9)
Net income attributable to Tempur Sealy International, Inc.	23.1	33.9
Comprehensive income attributable to Tempur Sealy International, Inc.	27.5	42.2
Current Assets:
Cash and cash equivalents	41.9	65.7	34.5	41.9
Accounts receivable, net			339.4	317.7
Inventories			214.7	183.0
Income taxes receivable			0.0	0.0
Prepaid expenses and other current assets			71.2	64.8
Total Current Assets			659.8	607.4
Property, plant and equipment, net			436.8	435.1
Goodwill			731.1	733.1
Other intangible assets, net			661.7	667.4
Deferred income taxes			25.1	23.6
Other non-current assets			235.5	227.4
Net investment in subsidiaries			0.0	0.0
Due from affiliates			0.0	0.0
Total Assets			2,750.0	2,694.0
Current Liabilities:
Accounts payable			248.7	241.2
Accrued expenses and other current liabilities			226.5	234.2
Income taxes payable			28.7	29.1
Current portion of long-term debt			65.6	72.4
Total Current Liabilities			569.5	576.9
Long-term debt, net			1,707.6	1,680.7
Deferred income taxes			113.5	114.3
Other non-current liabilities			214.9	207.4
Due to affiliates			0.0	0.0
Total Liabilities			2,605.5	2,579.3
Redeemable non-controlling interest			1.9	2.2
Total Stockholders' Equity			142.6	112.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity			2,750.0	2,694.0
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in) operating activities	(9.7)	67.2
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(21.8)	(12.9)
Other	0.0
Other	4.2	0.9
Net cash used in investing activities	(17.6)	(12.0)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	417.1	302.9
Repayments of borrowings under long-term debt obligations	(394.8)	(331.8)
Net activity in investment in and advances (to) from subsidiaries and affiliates	0.0	0.0
Proceeds from issuance of treasury shares	1.9
Proceeds from exercise of stock options		0.1
Treasury stock repurchased	(2.9)	(43.8)
Other	(1.8)	(3.4)
Net cash used in financing activities	19.5	(76.0)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.4	(2.4)
Decrease in cash and cash equivalents	(7.4)	(23.2)
CASH AND CASH EQUIVALENTS, beginning of period	41.9	65.7
CASH AND CASH EQUIVALENTS, end of period	34.5	42.5
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
Cost of sales	0.0	0.0
Gross profit	0.0	0.0
Selling and marketing expenses	1.9	1.4
General, administrative and other expenses	4.7	4.0
Customer termination charges, net		(8.4)
Equity income in earnings of unconsolidated affiliates	0.0	0.0
Royalty income, net of royalty expense		0.0
Operating income	(6.6)	3.0
Other expense, net:
Third party interest expense, net	14.9	14.9
Intercompany interest (income) expense, net	(1.8)	(1.2)
Interest expense, net	13.1	13.7
Other (income) expense, net	0.0	0.0
Total other expense, net	13.1	13.7
Income from equity investees	39.1	40.6
Income before income taxes	19.4	29.9
Income tax benefit (provision)	3.4	2.1
Net income before non-controlling interest	22.8	32.0
Less: Net loss attributable to non-controlling interests	(0.3)	(1.9)
Net income attributable to Tempur Sealy International, Inc.	23.1	33.9
Comprehensive income attributable to Tempur Sealy International, Inc.	27.5	42.2
Current Assets:
Cash and cash equivalents	0.1	0.0	0.0	0.1
Accounts receivable, net			0.0	0.0
Inventories			0.0	0.0
Income taxes receivable			264.4	260.2
Prepaid expenses and other current assets			0.6	0.8
Total Current Assets			265.0	261.1
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			11.1	11.8
Other non-current assets			0.0	0.0
Net investment in subsidiaries			544.9	2,381.0
Due from affiliates			432.8	87.2
Total Assets			1,253.8	2,741.1
Current Liabilities:
Accounts payable			0.0	0.0
Accrued expenses and other current liabilities			21.4	7.6
Income taxes payable			0.0	0.0
Current portion of long-term debt			0.0	0.0
Total Current Liabilities			21.4	7.6
Long-term debt, net			1,042.0	1,041.6
Deferred income taxes			0.0	0.0
Other non-current liabilities			0.0	0.0
Due to affiliates			45.9	1,577.2
Total Liabilities			1,109.3	2,626.4
Redeemable non-controlling interest			1.9	2.2
Total Stockholders' Equity			142.6	112.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity			1,253.8	2,741.1
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in) operating activities	1.0	0.1
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	0.0	0.0
Other	0.0
Other	0.0	0.0
Net cash used in 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 (to) from subsidiaries and affiliates	(0.1)	43.6
Proceeds from issuance of treasury shares	1.9
Proceeds from exercise of stock options		0.1
Treasury stock repurchased	(2.9)	(43.8)
Other	0.0	0.0
Net cash used in financing activities	(1.1)	(0.1)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.0	0.0
Decrease in cash and cash equivalents	(0.1)	0.0
CASH AND CASH EQUIVALENTS, beginning of period	0.1	0.0
CASH AND CASH EQUIVALENTS, end of period	0.0	0.0
Reportable Legal Entities \| Combined Guarantor Subsidiaries
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	440.7	529.8
Cost of sales	266.4	330.3
Gross profit	174.3	199.5
Selling and marketing expenses	93.1	104.9
General, administrative and other expenses	47.5	44.3
Customer termination charges, net		21.8
Equity income in earnings of unconsolidated affiliates	0.0	0.0
Royalty income, net of royalty expense		(4.8)
Operating income	33.7	33.3
Other expense, net:
Third party interest expense, net	6.9	6.5
Intercompany interest (income) expense, net	1.8	(0.3)
Interest expense, net	8.7	6.2
Other (income) expense, net	(2.2)	(9.3)
Total other expense, net	6.5	(3.1)
Income from equity investees	19.0	15.6
Income before income taxes	46.2	52.0
Income tax benefit (provision)	(7.1)	(11.4)
Net income before non-controlling interest	39.1	40.6
Less: Net loss attributable to non-controlling interests	0.0	0.0
Net income attributable to Tempur Sealy International, Inc.	39.1	40.6
Comprehensive income attributable to Tempur Sealy International, Inc.	38.5	36.1
Current Assets:
Cash and cash equivalents	12.3	7.9	7.8	12.3
Accounts receivable, net			5.1	5.1
Inventories			130.3	103.4
Income taxes receivable			0.0	0.0
Prepaid expenses and other current assets			52.8	50.6
Total Current Assets			196.0	171.4
Property, plant and equipment, net			362.7	360.4
Goodwill			507.6	507.6
Other intangible assets, net			574.6	577.5
Deferred income taxes			0.0	0.0
Other non-current assets			44.2	47.2
Net investment in subsidiaries			116.5	127.7
Due from affiliates			131.1	1,975.9
Total Assets			1,932.7	3,767.7
Current Liabilities:
Accounts payable			159.8	174.6
Accrued expenses and other current liabilities			124.4	144.2
Income taxes payable			285.9	279.3
Current portion of long-term debt			35.8	35.7
Total Current Liabilities			605.9	633.8
Long-term debt, net			580.0	589.4
Deferred income taxes			107.1	107.8
Other non-current liabilities			57.7	55.2
Due to affiliates			37.1	0.5
Total Liabilities			1,387.8	1,386.7
Redeemable non-controlling interest			0.0	0.0
Total Stockholders' Equity			544.9	2,381.0
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity			1,932.7	3,767.7
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in) operating activities	(18.2)	55.1
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(18.7)	(10.6)
Other	35.2
Other	0.0	0.8
Net cash used in investing activities	16.5	(9.8)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	185.3	251.4
Repayments of borrowings under long-term debt obligations	(191.8)	(278.9)
Net activity in investment in and advances (to) from subsidiaries and affiliates	5.0	(19.0)
Proceeds from issuance of treasury shares	0.0
Proceeds from exercise of stock options		0.0
Treasury stock repurchased	0.0	0.0
Other	(1.3)	(1.1)
Net cash used in financing activities	(2.8)	(47.6)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.0	0.0
Decrease in cash and cash equivalents	(4.5)	(2.3)
CASH AND CASH EQUIVALENTS, beginning of period	12.3	7.9
CASH AND CASH EQUIVALENTS, end of period	7.8	5.6
Reportable Legal Entities \| Combined Non-Guarantor Subsidiaries
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	224.8	212.7
Cost of sales	131.2	125.6
Gross profit	93.6	87.1
Selling and marketing expenses	53.9	47.4
General, administrative and other expenses	16.8	18.2
Customer termination charges, net		1.0
Equity income in earnings of unconsolidated affiliates	(3.9)	(2.7)
Royalty income, net of royalty expense		0.0
Operating income	26.8	23.2
Other expense, net:
Third party interest expense, net	1.1	0.7
Intercompany interest (income) expense, net	0.0	1.5
Interest expense, net	1.1	2.2
Other (income) expense, net	0.4	0.1
Total other expense, net	1.5	2.3
Income from equity investees	0.0	0.0
Income before income taxes	25.3	20.9
Income tax benefit (provision)	(6.3)	(5.3)
Net income before non-controlling interest	19.0	15.6
Less: Net loss attributable to non-controlling interests	(0.3)	(1.9)
Net income attributable to Tempur Sealy International, Inc.	19.3	17.5
Comprehensive income attributable to Tempur Sealy International, Inc.	24.3	30.4
Current Assets:
Cash and cash equivalents	29.5	57.8	26.7	29.5
Accounts receivable, net			323.2	322.2
Inventories			84.4	79.6
Income taxes receivable			0.0	0.0
Prepaid expenses and other current assets			17.8	13.4
Total Current Assets			452.1	444.7
Property, plant and equipment, net			74.1	74.7
Goodwill			223.5	225.5
Other intangible assets, net			87.1	89.9
Deferred income taxes			25.1	23.6
Other non-current assets			191.3	180.2
Net investment in subsidiaries			0.0	0.0
Due from affiliates			21.2	15.6
Total Assets			1,074.4	1,054.2
Current Liabilities:
Accounts payable			77.8	76.2
Accrued expenses and other current liabilities			80.7	82.4
Income taxes payable			7.2	10.0
Current portion of long-term debt			29.8	36.7
Total Current Liabilities			195.5	205.3
Long-term debt, net			85.6	49.7
Deferred income taxes			17.5	18.3
Other non-current liabilities			157.2	152.2
Due to affiliates			502.1	501.0
Total Liabilities			957.9	926.5
Redeemable non-controlling interest			1.9	2.2
Total Stockholders' Equity			114.6	125.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity			1,074.4	1,054.2
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in) operating activities	7.5	12.0
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(3.1)	(2.3)
Other	(35.2)
Other	4.2	0.1
Net cash used in investing activities	(34.1)	(2.2)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	231.8	51.5
Repayments of borrowings under long-term debt obligations	(203.0)	(52.9)
Net activity in investment in and advances (to) from subsidiaries and affiliates	(4.9)	(24.6)
Proceeds from issuance of treasury shares	0.0
Proceeds from exercise of stock options		0.0
Treasury stock repurchased	0.0	0.0
Other	(0.5)	(2.3)
Net cash used in financing activities	23.4	(28.3)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.4	(2.4)
Decrease in cash and cash equivalents	(2.8)	(20.9)
CASH AND CASH EQUIVALENTS, beginning of period	29.5	57.8
CASH AND CASH EQUIVALENTS, end of period	26.7	36.9
Eliminations
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	(17.5)	(20.4)
Cost of sales	(17.5)	(20.4)
Gross profit	0.0	0.0
Selling and marketing expenses	0.0	0.0
General, administrative and other expenses	0.0	0.0
Equity income in earnings of unconsolidated affiliates	0.0	0.0
Royalty income, net of royalty expense		0.0
Operating income	0.0	0.0
Other expense, net:
Third party interest expense, net	0.0	0.0
Intercompany interest (income) expense, net	0.0	0.0
Interest expense, net	0.0	0.0
Other (income) expense, net	0.0	0.0
Total other expense, net	0.0	0.0
Income from equity investees	(58.1)	(56.2)
Income before income taxes	(58.1)	(56.2)
Income tax benefit (provision)	0.0	0.0
Net income before non-controlling interest	(58.1)	(56.2)
Less: Net loss attributable to non-controlling interests	0.3	1.9
Net income attributable to Tempur Sealy International, Inc.	(58.4)	(58.1)
Comprehensive income attributable to Tempur Sealy International, Inc.	(62.8)	(66.5)
Current Assets:
Cash and cash equivalents	0.0	0.0	0.0	0.0
Accounts receivable, net			11.1	(9.6)
Inventories			0.0	0.0
Income taxes receivable			(264.4)	(260.2)
Prepaid expenses and other current assets			0.0	0.0
Total Current Assets			(253.3)	(269.8)
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			(11.1)	(11.8)
Other non-current assets			0.0	0.0
Net investment in subsidiaries			(661.4)	(2,508.7)
Due from affiliates			(585.1)	(2,078.7)
Total Assets			(1,510.9)	(4,869.0)
Current Liabilities:
Accounts payable			11.1	(9.6)
Accrued expenses and other current liabilities			0.0	0.0
Income taxes payable			(264.4)	(260.2)
Current portion of long-term debt			0.0	0.0
Total Current Liabilities			(253.3)	(269.8)
Long-term debt, net			0.0	0.0
Deferred income taxes			(11.1)	(11.8)
Other non-current liabilities			0.0	0.0
Due to affiliates			(585.1)	(2,078.7)
Total Liabilities			(849.5)	(2,360.3)
Redeemable non-controlling interest			(1.9)	(2.2)
Total Stockholders' Equity			(659.5)	(2,506.5)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity			$ (1,510.9)	$ (4,869.0)
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in) operating activities	0.0	0.0
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	0.0	0.0
Other	0.0
Other	0.0	0.0
Net cash used in 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 (to) from subsidiaries and affiliates	0.0	0.0
Proceeds from issuance of treasury shares	0.0
Proceeds from exercise of stock options		0.0
Treasury stock repurchased	0.0	0.0
Other	0.0	0.0
Net cash used in financing activities	0.0	0.0
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.0	0.0
Decrease 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