$ 739.5

$ 701.9

460.8

432.4

278.7

269.5

153.8

143.0

Equity income in earnings of unconsolidated affiliates

77.7

70.3

(3.0)

(1.7)

(4.2)

(4.5)

54.4

62.4

Other (income) expense, net

20.4

22.2

(1.3)

1.0

19.1

23.2

35.3

39.2

Income tax provision

(10.3)

(11.5)

Less: net income attributable to non-controlling interest

25.0

27.7

1.6

^[1]

0.3

^[1]

Net income attributable to Tempur Sealy International, Inc.

$ 23.4

$ 27.4

Earnings per common share:

Basic (in dollars per share)

$ 0.38

$ 0.45

Diluted (in dollars per share)

$ 0.38

$ 0.44

Weighted average common shares outstanding:

Basic (in shares)

60.9

60.7

Diluted (in shares)

62.2

61.9

[1]

(1)Income attributable to the Company's redeemable non-controlling interest in Comfort Revolution, LLC for the three months ended March 31, 2015 and 2014 represented $0.6 million and $0.3 million, respectively. Additionally, the Company recorded a $1.0 million redemption value adjustment, net of tax, to increase the carrying value of the redeemable non-controlling interest as of March 31, 2015. For more information on the carrying value of the redeemable non-controlling interest, please refer to Note 1, "Summary of Significant Accounting Policies" in the Notes to the Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)
In Millions, unless otherwise specified

3 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Statement of Comprehensive Income [Abstract]

Other comprehensive (loss) income before tax, net of tax

$ 25.0

$ 27.7

Foreign currency translation adjustments

(37.6)

0.8

Net change in unrecognized gain on interest rate swap, net of tax

0.1

Unrealized gain on cash flow hedging derivatives, net of tax

1.3

0.9

Other comprehensive (loss) income, net of tax

(36.2)

1.8

Comprehensive (loss) income

(11.2)

29.5

Less: Comprehensive income attributable to non-controlling interest

1.6

^[1]

0.3

^[1]

Comprehensive (loss) income attributable to Tempur Sealy International, Inc.

$ (12.8)

$ 29.2

[1]

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 45.0	$ 62.5
Accounts receivable, net	390.1	385.8
Inventories, net	226.9	217.2
Prepaid expenses and other current assets	55.9	56.5
Deferred income taxes	53.8	44.4
Total Current Assets	771.7	766.4
Property, plant and equipment, net	353.1	355.6
Goodwill	718.3	736.5
Other intangible assets, net	715.6	727.1
Deferred income taxes	8.7	8.6
Other non-current assets	87.7	68.4
Total Assets	2,655.1	2,662.6
Current Liabilities:
Accounts payable	236.6	226.4
Accrued expenses and other current liabilities	220.0	233.3
Deferred income taxes	0.2	0.2
Income taxes payable	9.2	12.0
Current portion of long-term debt	70.1	66.4
Total Current Liabilities	536.1	538.3
Long-term debt	1,532.5	1,535.9
Deferred income taxes	259.9	258.8
Other non-current liabilities	117.3	114.3
Total Liabilities	2,445.8	2,447.3
Commitments and contingencies—see Note 11
Redeemable non-controlling interest	14.8	12.6
Total Stockholders’ Equity	194.5	202.7
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity	$ 2,655.1	$ 2,662.6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before non-controlling interest	$ 25.0	$ 27.7
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	17.8	19.9
Amortization of stock-based compensation	4.0	4.1
Amortization of deferred financing costs	2.2	2.3
Bad debt expense	1.1	1.8
Deferred income taxes	(6.7)	(1.9)
Dividends received from unconsolidated affiliates	1.9	0
Equity income in earnings of unconsolidated affiliates	(3.0)	(1.7)
Non-cash interest expense on convertible notes	1.3	1.2
Loss on sale of assets	0.1	0.3
Foreign currency adjustments and other	0.1	0.1
Changes in operating assets and liabilities	(50.2)	(55.4)
Net cash used in operating activities	(6.4)	(1.6)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(15.4)	(7.8)
Other	0	(0.8)
Net cash used in investing activities	(15.4)	(8.6)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	97.9	74.5
Repayments of borrowings under long-term debt obligations	(98.8)	(66.5)
Proceeds from exercise of stock options	1.6	1.7
Excess tax benefit from stock based compensation	0	0.9
Treasury shares repurchased	(1.1)	(2.2)
Other	0.2	0.1
Net cash (used in) provided by financing activities	(0.2)	8.5
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	4.5	0.4
Decrease in cash and cash equivalents	(17.5)	(1.3)
CASH AND CASH EQUIVALENTS, end of period	62.5	81.0
CASH AND CASH EQUIVALENTS, end of period	45.0	79.7
Cash paid during the period for:
Interest	10.1	12.3
Income taxes, net of refunds	$ 34.4	$ 10.2

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2015

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: Retail and Other.

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 ("VIE") 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 that were considered in the related-party analysis surrounding the identification of the primary beneficiary. 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 equity method of accounting is used for these joint ventures, over which the Company has significant influence but does not have effective control, and consolidation is not otherwise required. The Company’s Asia-Pacific joint ventures are more fully described in Note 6, "Unconsolidated Affiliate Companies".

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 ("U.S. GAAP" or "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, 2014, included in the Company’s Annual Report on Form 10-K filed on February 13, 2015.

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

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



(in millions)	March 31,		December 31,
	2015		2014
Finished goods	$	141.9	$	134.0
Work-in-process	8.6		11.4
Raw materials and supplies	76.4		71.8
	$	226.9	$	217.2

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

The Company had the following activity for sales returns from December 31, 2014 to March 31, 2015:



(in millions)
Balance as of December 31, 2014	$	32.3
Amounts accrued	28.5
Returns charged to accrual	(29.4		)
Balance as of March 31, 2015	$	31.4

(d) Warranties. The Company provides warranties on certain products, which vary by segment, product and brand. Estimates of warranty expenses are based primarily on historical claims experience and product testing. Estimated future obligations related to these products are charged to cost of sales in the period in which the related revenue is recognized. In estimating its warranty obligations, 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 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 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 pillows have a warranty term of three years, non-prorated.

The Company had the following activity for warranties from December 31, 2014 to March 31, 2015:



(in millions)
Balance as of December 31, 2014	$	31.3
Amounts accrued	6.5
Warranties charged to accrual	(6.4		)
Balance as of March 31, 2015	$	31.4

As of March 31, 2015 and December 31, 2014, $16.3 million and $16.1 million are included as a component of accrued expenses and other current liabilities and $15.1 million and $15.2 million are included in other non-current liabilities on the Company’s accompanying Condensed Consolidated Balance Sheets, respectively.

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

The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s accounts receivable. The Company regularly reviews the adequacy of its allowance for doubtful accounts. The Company determines the allowance based on historical write-off experience and current economic conditions and also considers factors such as customer credit, past transaction history with the customer and changes in customer payment terms when determining whether the collection of a customer receivable is reasonably assured. Account balances are charged off against the allowance after all reasonable means of collection have been exhausted and the potential for recovery is considered remote. The allowance for doubtful accounts included in accounts receivable, net in the accompanying Condensed Consolidated Balance Sheets was $19.7 million and $19.5 million as of March 31, 2015 and December 31, 2014, respectively.

(f) Cooperative Advertising, Rebate and Other Promotional Programs. The Company enters into agreements with customers to provide funds for advertising and promotions. The Company also enters into volume and other rebate programs with customers. When sales are made to these customers, the Company records liabilities pursuant to these agreements. The Company periodically assesses these liabilities based on actual sales and claims to determine whether all of the cooperative advertising earned will be used by the customer or whether the customer will meet the requirements to receive rebate funds. The Company generally negotiates these agreements on a customer-by-customer basis. Some of these agreements extend over several periods. Significant estimates are required at any point in time with regard to the ultimate reimbursement to be claimed by the customers. Subsequent revisions to such estimates are recorded and charged to earnings in the period in which they are identified. Rebates and cooperative advertising are classified as a reduction of revenue and presented within net sales on the accompanying Condensed Consolidated Statements of Income. Certain cooperative advertising expenses are reported as components of selling and marketing expenses in the accompanying Condensed Consolidated Statements of Income because the Company receives an identifiable benefit and the fair value of the advertising benefit can be reasonably estimated.

(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 is formally documented at the inception and an ongoing basis in offsetting changes in cash flows of the hedged transaction.

The Company records derivative financial instruments on the 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 loss ("OCL"), depending on whether the derivative is designated and is effective as a hedged transaction, and on the type of hedging relationship.

For derivative financial instruments that are designated as a hedge, unrealized gains and losses related to the effective portion are either recognized in income immediately to offset the realized gain or loss on the hedged item, or are deferred and reported as a component of accumulated OCL 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 Company manages the changes in interest rates on its variable rate debt through a four-year interest rate swap agreement that was entered into on August 8, 2011. The Company designated this interest rate swap agreement as a cash flow hedge of floating rate borrowings and expects the hedge to be highly effective in offsetting fluctuations in the designated interest payments resulting from changes in the benchmark interest rate. The gains and losses on the designated interest rate swap agreement will offset losses and gains on the transactions being hedged. As a result of this interest rate swap agreement, the Company pays interest at a fixed rate and receives payments at a variable rate which began on December 30, 2011. As of December 30, 2011, the interest rate swap agreement effectively fixed the floating LIBOR-based interest rate to 1.25% plus the applicable margin on $250.0 million of the outstanding balance under the Company's variable rate debt. On December 30, 2013, the outstanding notional principal amount of the interest rate swap agreement reduced to $150.0 million. The interest rate swap agreement expires on December 30, 2015. The Company has selected the LIBOR-based portion of the hedged portion of the Company's variable rate debt during the term of the interest rate swap agreement. The effective portion of the change in value of the interest rate swap agreement is reflected as a component of comprehensive (loss) income and recognized as interest expense, net as payments are paid or accrued. The remaining gain or loss in excess of the cumulative change in the present value of the future cash flows of the hedged item, if any (i.e., the ineffective portion) or hedge components excluded from the assessment of effectiveness are recognized as interest expense, net during the current period. The fair value of the interest rate swap agreement is calculated as described in Note 7, "Fair Value Measurements". These amounts are immaterial to the Condensed Consolidated Financial Statements.

The Company manages a portion of the risk associated with fluctuations in foreign currencies related to intercompany and third party inventory purchases denominated in foreign currencies through foreign exchange forward contracts designated as cash flow hedges. As of March 31, 2015, the Company had foreign exchange forward contracts designated as cash flow hedges to buy U.S dollars and to sell Canadian dollars with a notional amount outstanding of $50.4 million. These foreign exchange forward contracts have maturities ranging from April 2015 to March 2016. 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 using other timing and probability criteria. The effective portion of the cash flow hedge contracts' gains or losses resulting from changes in the fair value of these hedges is initially reported, net of tax, as a component of accumulated OCL until the underlying hedged item is reflected in the Company's accompanying Condensed Consolidated Statements of Income, at which time the effective amount in accumulated OCL is reclassified to cost of sales in the accompanying Condensed Consolidated Statements of Income. The Company expects to reclassify a gain of approximately $2.7 million, net of tax, over the next 12 months based on March 31, 2015 exchange rates. These amounts are immaterial to the Condensed Consolidated Financial Statements.

The Company is also exposed to foreign currency risk related to intercompany debt and associated interest payments and certain intercompany accounts receivable and accounts payable. To manage the risk associated with fluctuations in foreign currencies related to these assets and liabilities, the Company enters into foreign exchange forward contracts. The Company considers these contracts to be economic hedges. Accordingly, changes in the fair value of these instruments affect earnings during the current period. These foreign exchange forward contracts protect against the reduction in value of forecasted foreign currency cash flows resulting from payments in foreign currencies. The fair value of the foreign exchange forward contracts are estimated as described in Note 7, "Fair Value Measurements". These amounts are immaterial to the Condensed Consolidated Financial Statements.

(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 a proscribed 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) Redeemable Non-controlling Interest. The Company is party to a put and call arrangement with respect to the common securities that represent the 55.0% non-controlling interest in Comfort Revolution. The call arrangement may be exercised by the Company on or after June 12, 2017. The put arrangement may be exercised by Comfort Revolution on or after June 12, 2018. The redemption value for both the put and the call arrangement is equal to 7.5 times earnings before interest, tax, depreciation and amortization ("EBITDA"), as defined in the related LLC agreement, of Comfort Revolution for the preceding 12 months, adjusted for net debt outstanding and multiplied by the 55.0% ownership interest not held by the Company. Due to the existing put and call arrangements, the non-controlling interest is considered to be redeemable and is recorded on the balance sheet as a redeemable non-controlling interest outside of permanent equity. The redeemable non-controlling interest is recognized at the higher of 1) the accumulated earnings associated with the non-controlling interest or 2) the contractually-defined redemption value as of the balance sheet date.

Income attributable to the Company's redeemable non-controlling interest in Comfort Revolution for the three months ended March 31, 2015 and 2014 represented $0.6 million and $0.3 million, respectively. As of March 31, 2015, the redemption value exceeded the accumulated earnings associated with the redeemable non-controlling interest. Therefore, the Company recorded a $1.0 million redemption value adjustment, net of tax, to increase the carrying value of the redeemable non-controlling interest as of March 31, 2015. For all prior periods, the accumulated earnings exceeded the redemption value and, accordingly, the redeemable non-controlling interest was measured using its accumulated earnings.

(j) Subsequent Events. On May 11, 2015, the Company’s Board of Directors terminated its President and Chief Executive Officer and has named an interim CEO, effective May 12, 2015. The Company is currently evaluating the effects of this termination, including but not limited to obligations for severance as required under the associated employment agreements and impacts on outstanding stock-based compensation awards.

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Recently Issued Accounting Pronouncements	3 Months Ended
Recently Issued Accounting Pronouncements	Mar. 31, 2015
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue From Contracts With Customers, that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The ASU is based on the core principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the new standard. This ASU is effective for fiscal years beginning after December 15, 2016 including interim periods within that reporting period; however, the FASB recently issued a proposal to defer the effective date and thus the Company's adoption to the first quarter of 2018. The Company is currently evaluating the new guidance to determine the Company's adoption method and the effect it will have on the Company's Condensed Consolidated Financial Statements. In April 2015, the FASB issued ASU No. 2015-03, Interest- Imputation of Interest- Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This ASU is effective on a retrospective basis for annual reporting periods beginning after December 15, 2015, however early adoption is permitted. The Company is currently evaluating the effect that the adoption of this ASU will have on the Company's Condensed Consolidated Financial Statements.

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Glossary Direct Effects of a Change in Accounting Principle

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-Glossary Accounting Change

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+ Details

Acquisitions and Divestitures	3 Months Ended
Acquisitions and Divestitures	Mar. 31, 2015
Business Combinations [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures Effective July 1, 2014, the Company acquired certain assets from a third party licensee in Japan. The total purchase price was $8.5 million, subject to customary working capital adjustments. The Company accounted for this acquisition using the acquisition method. The preliminary allocation of the purchase price was based on estimates of the fair value of assets acquired as of July 1, 2014. The excess of the purchase price over the estimated fair value of the assets and identifiable intangible assets acquired was recorded as goodwill, which is non-deductible for income tax purposes. The Company finalized the allocation of the purchase price during the first quarter of 2015, which did not result in any material measurement period adjustments.

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

Goodwill and Intangible Assets Disclosure [Abstract]

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+ Details

Goodwill

3 Months Ended

Mar. 31, 2015

Effective January 1, 2015, the Company realigned its organizational structure and updated its segments in light of the progress made in 2013 and 2014 integrating Sealy into its business. The Company's updated operating segments are North America and International. For additional information regarding the Company's realignment and business segment determination, see Note 15, "Segment Information".

As a result of the Company's segment realignment, the composition of the Company's reporting units for the evaluation of goodwill impairment also changed. Historically, the Company's reporting units were the same as the operating segments: Tempur North America, Tempur International, and Sealy. Effective January 1, 2015, the Company identified three reporting units for purposes of evaluating goodwill impairment: Tempur Sealy U.S. and Tempur Sealy Canada reporting units within the North America segment and one reporting unit comprising the International segment.

As the composition of the reporting units changed, the Company reassigned historical goodwill to the new reporting units based on a relative fair value allocation approach. The relative fair value allocation approach yielded the reassignment of total Sealy goodwill as of December 31, 2014 of $521.9 million. The following summarizes the reassignment of goodwill from the historical segments to the new segments:



(in millions)	Reassigned Goodwill by Segment
North America segment:
Tempur North America segment goodwill as of January 1, 2015	$	106.2
Sealy goodwill as of January 1, 2015 reassigned to the North America segment	468.3
Total North America segment goodwill as of January 1, 2015	$	574.5

International segment:
Tempur International segment goodwill as of January 1, 2015	$	108.4
Sealy segment goodwill as of January 1, 2015 reassigned to International segment	53.6
Total International segment goodwill as of January 1, 2015	$	162.0

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



(in millions)	North America			International			Consolidated
Balance as of January 1, 2015	$	574.5		$	162.0		$	736.5
Purchase price allocation adjustments from acquisition	—			(1.4		)	(1.4		)
Foreign currency translation adjustments	(6.0		)	(10.8		)	(16.8		)
Balance as of March 31, 2015	$	568.5		$	149.8		$	718.3

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, 2015

Debt Disclosure [Abstract]

Debt

Debt for the Company consists of the following:



(in millions)	March 31, 2015			December 31, 2014
Debt:
Revolving credit facility, interest at Base Rate plus applicable margin of 1.75% or LIBOR plus applicable margin of 2.75% as of March 31, 2015 and Base Rate plus applicable margin of 2.00% or LIBOR plus applicable margin of 3.00% as of December 31, 2014, commitment through and due March 18, 2018	$	43.0		$	16.0
Term A Facility, interest at LIBOR plus applicable margin of 2.00% as of March 31, 2015 and 2.25% as of December 31, 2014, commitment through and due March 18, 2018	462.5			484.5
Term B Facility, interest at LIBOR, subject to a 0.75% floor plus applicable margin of 2.75% as of March 31, 2015 and as of December 31, 2014, commitment through and due March 18, 2020	584.0			594.4
$375.0 million Senior Notes, interest at 6.875%, due December 15, 2020	375.0			375.0
8.0% Sealy Notes, due July 15, 2016	106.0			104.7
Capital lease obligations and other	32.1			27.7
	$	1,602.6		$	1,602.3
Less: current portion	(70.1		)	(66.4		)
Long-term debt	$	1,532.5		$	1,535.9

On December 12, 2012, Tempur Sealy International and certain subsidiaries of Tempur Sealy International as borrowers and guarantors, entered into a credit agreement (as amended, the “2012 Credit Agreement”) with a syndicate of banks. The 2012 Credit Agreement requires compliance with certain financial covenants providing for maintenance of a minimum consolidated interest coverage ratio and maintenance of a maximum consolidated total net leverage ratio. The consolidated total net leverage ratio is calculated using consolidated funded debt less qualified cash (as defined in the 2012 Credit Agreement). Consolidated funded debt includes debt recorded on the Condensed Consolidated Balance Sheets as of the reporting date, plus letters of credit outstanding and certain other debt and obligations. The Company is allowed to exclude 100.0% of the 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, 2015, domestic qualified cash was $15.7 million and foreign qualified cash was $17.6 million.

The Company is in compliance with all applicable covenants as of March 31, 2015.

Unconsolidated Affiliate Companies	3 Months Ended
Unconsolidated Affiliate Companies	Mar. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
Unconsolidated Affiliate Companies	Unconsolidated Affiliate Companies The Company 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% and is accounted for under the equity method. The Company's investment of $14.0 million and $12.9 million at March 31, 2015 and December 31, 2014, respectively, are recorded in other non-current assets within the accompanying Condensed Consolidated Balance Sheets. The Company’s share of earnings is recorded in equity income in earnings of unconsolidated affiliates in the accompanying Condensed Consolidated Statements of Income.

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References+ Details

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The classification of fair value measurements within the established three-level hierarchy is based upon the lowest level of input that is significant to the measurement. There were no transfers between levels for the three months ended March 31, 2015 and year ended December 31, 2014. At March 31, 2015 and December 31, 2014, the Company had an interest rate swap and foreign exchange forward contracts recorded at fair value. The fair value of the interest rate swap is calculated using standard industry models based on observable forward yield curves and takes into consideration current interest rates and the current creditworthiness of the counterparties or the Company, as applicable. The fair value of the foreign exchange forward contracts is calculated using standard industry models based on observable forward points and discount curves. The fair values of all derivative instruments are adjusted for credit risk and restrictions and other terms specific to the contracts. The fair value of the interest rate swap and the foreign exchange forward contracts were based on Level 2 inputs and were not material at March 31, 2015 or December 31, 2014. The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the short-term maturity of those instruments. Borrowings under the 2012 Credit Agreement are at variable interest rates and accordingly their carrying amounts approximate fair value. The fair value of the Senior Notes was approximately $401.3 million and $398.4 million at March 31, 2015 and December 31, 2014, respectively. The fair value of Sealy's 8.0% Senior Secured Third Lien Convertible Notes due 2016 ("Sealy 8.0% Notes") was approximately $111.8 million and $110.7 million at March 31, 2015 and December 31, 2014, respectively. The fair value of the Senior Notes and the 8.0% Sealy Notes 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 the debt instruments.

Stockholders' Equity Note [Abstract]

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References+ Details

Stockholders' Equity

3 Months Ended

Mar. 31, 2015

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 shares of preferred stock. 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 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.

(b) Accumulated Other Comprehensive Loss ("OCL"). Accumulated OCL consisted of the following:



(in millions)	Three Months Ended
	March 31,
	2015			2014
Foreign Currency Translation
Balance at beginning of period	$	(54.0	)	$	(15.6	)
Other comprehensive (loss) income:
Foreign currency translation adjustments ⁽¹⁾	(37.6		)	0.8
Balance at end of period	$	(91.6	)	$	(14.8	)

Interest Rate Swap
Balance at beginning of period	$	(0.7	)	$	(1.4	)
Other comprehensive income:
Net change from period revaluations:	0.7			0.7
Tax expense⁽²⁾	(0.3		)	(0.3		)
Total other comprehensive income before reclassifications, net of tax	$	0.4		$	0.4
Net amount reclassified to earnings ⁽³⁾	(0.5		)	(0.5		)
Tax benefit ⁽²⁾	0.2			0.2
Total amount reclassified from accumulated other comprehensive loss, net of tax	$	(0.3	)	$	(0.3	)
Total other comprehensive income	0.1			0.1
Balance at end of period	$	(0.6	)	$	(1.3	)

Pension Benefits
Balance at beginning of period	$	(2.4	)	$	3.2
Other comprehensive income:
Net change from period revaluations:	—			—
Tax expense	—			—
Total other comprehensive income before reclassifications, net of tax	$	—		$	—
Net amount reclassified to earnings	—			—
Tax benefit	—			—
Total amount reclassified from accumulated other comprehensive loss, net of tax	$	—		$	—
Total other comprehensive income	—			—
Balance at end of period	$	(2.4	)	$	3.2

Foreign Exchange Forward Contracts
Balance at beginning of period	$	1.3		$	—
Other comprehensive income:
Net change from period revaluations:	3.7			1.7
Tax expense⁽²⁾	(1.0		)	(0.4		)
Total other comprehensive income before reclassifications, net of tax	$	2.7		$	1.3
Net amount reclassified to earnings⁽⁴⁾	(1.9		)	(0.6		)
Tax benefit⁽²⁾	0.5			0.2
Total amount reclassified from accumulated other comprehensive income, net of tax	$	(1.4	)	$	(0.4	)
Total other comprehensive income	1.3			0.9
Balance at end of period	$	2.6		$	0.9

(1) In 2015 and 2014, no amounts were reclassified to earnings.

(2) These amounts were included in the income tax provision on the accompanying Condensed Consolidated Statements of Income.

(3) This amount was included in interest expense, net on the accompanying Condensed Consolidated Statements of Income.

(4) This amount was included in cost of sales, net on the accompanying Condensed Consolidated Statements of Income.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]

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+ Details

Defined Benefit Pension Plans

3 Months Ended

Mar. 31, 2015

Defined Benefit Pension Plans

The following table represents amounts recorded in the Condensed Consolidated Balance Sheets for the Company's defined benefit plans:



	March 31,		December 31,
(in millions)	2015		2014
Non-current portion of benefit liability	$	14.5	$	14.9
Non-current benefit asset	0.2		0.3

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

The entire disclosure for pension and other postretirement benefits.

+ References+ Details

Stock-Based Compensation

3 Months Ended

Mar. 31, 2015

Stock-Based Compensation

The Company’s stock-based compensation expense for the three months ended March 31, 2015 included performance-based restricted stock units ("PRSUs"), non-qualified stock options, restricted stock units ("RSUs") and deferred stock units ("DSUs"). A summary of the Company’s stock-based compensation expense is presented below:



(in millions)	Three Months Ended March 31,
	2015		2014
PRSU expense	$	2.0	$	1.1
Option expense	1.5		1.7
RSU/DSU expense	0.5		1.3
Total stock-based compensation expense	$	4.0	$	4.1

The Company uses the Black-Scholes option pricing model to calculate the fair value of stock options granted. The fair value of stock options granted was estimated using the Black-Scholes option pricing model with the following assumptions during the three months ended March 31, 2015 and 2014:



	Three months ended
	March 31,
	2015	2014
Expected volatility range of stock	36.2% - 36.2%	58.3% - 58.3%
Expected life of option, range in years	3 - 5	4 - 4
Risk-free interest range rate	1.0% - 1.5%	1.1% - 1.1%
Expected dividend yield on stock	0.0% - 0.0%	0.6% - 0.6%

A summary of the Company’s PRSU activity and related information for the three months ended March 31, 2015 is presented below:



(shares and aggregate intrinsic value in millions)
	Number of Shares	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Awards outstanding at December 31, 2014	0.28	$	53.45
Granted	0.26	57.51
Vested	—	—
Forfeited	0.00	51.87
Awards outstanding at March 31, 2015	0.54	$	54.59	$	31.0

The maximum number of shares to be awarded under the PRSUs granted during the three months ended March 31, 2015 will be 0.78 million, which will vest, if earned at the end of the three-year performance period ending on December 31, 2017.

During the three months ended March 31, 2015, there were no PRSUs issued from treasury stock.

A summary of the Company’s stock option activity and related information for the three months ended March 31, 2015 is presented below:



(shares and aggregate intrinsic value in millions)
	Number of Shares		Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Options outstanding December 31, 2014	2.84		$	24.18
Granted	0.42		57.51
Exercised	(0.05	)	32.50
Forfeited	0.00		52.00
Options outstanding at March 31, 2015	3.21		$	28.37	5.49	$	86.8
Options exercisable at March 31, 2015	2.63		$	22.32	4.58	$	93.3

The aggregate intrinsic value of options exercised during the three months ended March 31, 2015 was $1.2 million.

A summary of the Company’s RSU and DSU activity and related information for the three months ended March 31, 2015 is presented below:



(shares and aggregate intrinsic value in millions)
	Number of Shares		Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Awards outstanding at December 31, 2014	0.11		$	50.41
Granted	0.00		56.01
Vested	(0.06	)	49.03
Forfeited	0.00		49.63
Awards outstanding at March 31, 2015	0.05		$	52.42	$	3.0

RSUs granted during the three months ended March 31, 2015 will vest over three years. There were no DSUs granted during the three months ended March 31, 2015.

The aggregate intrinsic value of RSUs issued from treasury stock during the three months ended March 31, 2015 was $3.1 million.

A summary of total unrecognized stock-based compensation expense based on current performance estimates related to the PRSUs, options, RSUs and DSUs granted during the three months ended March 31, 2015 is presented below:



($ in millions)
	March 31, 2015		Weighted Average Remaining Vesting Period (Years)
Unrecognized stock option expense	$	5.6	2.91
Unrecognized RSU/DSU expense	0.2		2.89
Unrecognized PRSU expense	14.4		2.75
Total unrecognized stock-based compensation expense	$	20.2	2.80

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies (a) Purchase Commitments. The Company will, from time to time, enter into limited purchase commitments for the purchase of certain raw materials and components. Amounts committed under these programs are not significant as of March 31, 2015 and December 31, 2014. (b) Norfolk County Retirement System, Individually and on behalf of all others similarly situated, Plaintiff v. Tempur-Pedic International Inc., Mark A. Sarvary and Dale E. Williams; filed June 20, 2012 Arthur Benning, Jr., Individually and on behalf of all others similarly situated, Plaintiff v. Tempur-Pedic International Inc., Mark A. Sarvary and Dale E. Williams; filed June 25, 2012 On June 20 and 25, 2012, the above suits were filed against the Company and two named executive officers in the United States District Court for the Eastern District of Kentucky, purportedly on behalf of a proposed class of stockholders who purchased the Company’s stock between January 25, 2012 and June 5, 2012. The complaints assert claims under Sections 10(b) and 20(a) of the Exchange Act, alleging, among other things, false and misleading statements and concealment of material information concerning the Company’s competitive position, projected net sales, earnings per diluted share and related financial performance for the Company’s 2012 fiscal year. The plaintiffs seek damages, interest, costs, attorney’s fees, expert fees and unspecified equitable/injunctive relief. On November 2, 2012, the Court consolidated the two lawsuits and on March 6, 2013, plaintiffs filed a consolidated complaint. On March 31, 2014, the Court issued an Order granting the Company’s motion to dismiss with prejudice the consolidated complaint. The Court issued its memorandum of opinion and entered final judgment on May 23, 2014. On June 6, 2014, the plaintiffs filed a notice of appeal in the U.S. Court of Appeals for the Sixth Circuit. Plaintiffs' appeal is currently pending before the Court. The Company intends to vigorously defend against the claims. The outcome of these matters is uncertain, however, and although the Company does not currently expect to incur a loss with respect to these matters, the Company cannot currently predict the manner and timing of the resolution of the suits, an estimate of a range of losses or any minimum loss that could result in the event of an adverse judgment in this suit, or whether the Company’s applicable insurance policies will provide sufficient coverage for these claims. 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. (c) Sealy Mattress Company of NJ, Inc., David Hertz, individually, as trustee of, respectively, the Allison Lindsay Hertz Trust, the Samuel Douglas Hertz Trust, the Sydney Lauren Hertz Trust, the U/A DTD 08/21/97 Andrew Michael Marcus Trust, the U/A DTD 08/21/97 Julia Robyn Marcus Trust, and the U/A DTD 08/21/97 James Daniel Marcus Trust, and as executor of the Estate of Walter Hertz, Lisa Marcus, Rose Naiman, Michael Shoobs, and Diane Shoobs, individually and as custodian of the Robert S. Shoobs UTMA NJ v. Sealy Corporation, filed June 27, 2013. With respect to the acquisition of Sealy and its subsidiaries ("Sealy Acquisition"), holders of approximately 3.1 million shares of Sealy common stock sent notices to Sealy purporting to exercise their appraisal rights in accordance with the Merger Agreement executed on September 26, 2012. In order to preserve these appraisal rights, any such former stockholder was required to commence an appraisal proceeding in the Delaware courts within 120 days after March 18, 2013. Sealy has expressly reserved its rights to contest that any or all of such notices were not delivered timely or otherwise not in the form required under Delaware law. On June 27, 2013, an appraisal proceeding was commenced in the Delaware Court of Chancery (the “Appraisal Action”). This matter was settled on March 13, 2015, and Sealy agreed to pay the $2.20 per share for the Sealy common stock formerly held by the former Sealy stockholders seeking the appraisal, plus interest at the statutory rate, less $0.6 million already received in 2013 by one of the petitioners in connection with the closing of the Sealy Acquisition. The agreed upon per share value of $2.20 is equal to the amount paid to non-dissenting stockholders at the time of the closing of the Sealy Acquisition. (d) Alvin Todd, and Henry and Mary Thompson, individually and on behalf of all others similarly situated, Plaintiffs v. Tempur Sealy International, Inc., formerly known as Tempur-Pedic International, Inc. and Tempur-Pedic North America, LLC, Defendants; filed October 25, 2013 On October 25, 2013, a suit was filed against Tempur Sealy International and one of its domestic subsidiaries in the United States District Court for the Northern District of California, purportedly on behalf of a proposed class of “consumers” as defined by Cal. Civ. Code § 1761(d) who purchased, not for resale, a Tempur-Pedic mattress or pillow in the State of California. On November 19, 2013, the Company was served for the first time in the case but with an amended petition adding additional class representatives for additional states. The purported classes seek certification of claims under applicable state laws. The complaint alleges that the Company engaged in unfair business practices, false advertising, and misrepresentations or omissions related to the sale of certain products. The plaintiffs seek restitution, injunctive relief and all other relief allowed under applicable state laws, interest, attorneys’ fees and costs. The purported classes do not seek damages for physical injuries. The Company believes the case lacks merit and intends to defend against the claims vigorously. This matter is in the discovery phase, and the outcome is uncertain. As a result, the Company is unable to reasonably estimate the possible loss or range of losses, if any, arising from this litigation, or whether the Company’s applicable insurance policies will provide sufficient coverage for these claims. 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. (e) German Regulatory Investigation. The German Federal Cartel Office ("FCO") conducted unannounced inspections of the premises of several mattress wholesaler/manufacturers including the Company's German subsidiary. The order permitting the inspection and collection of records alleged “vertical price fixing”. The FCO's review is ongoing. Representatives of the Company met with the FCO in February 2015 but no resolution was reached and no statement of objections or formal claims have been asserted by the FCO, however, the FCO representatives indicated their belief that the Company has violated vertical price fixing regulations. The parties agreed to meet later in 2015 to continue discussions. If the parties cannot come to a resolution of the issues, and claims are asserted by the FCO, the Company intends to vigorously defend itself against any claims. The outcome of the FCO's review is still uncertain; and, given the inherent uncertainties involved, the outcome of this matter cannot be predicted and the amount of any potential loss cannot be reasonably estimated. Accordingly, no amounts have been accrued related to this investigation as of March 31, 2015. A negative outcome in this case could have a material adverse effect on the Company. (f) Environmental. The Company is currently conducting an environmental cleanup at a formerly owned facility in South Brunswick, New Jersey pursuant to the New Jersey Industrial Site Recovery Act. Sealy and one of its subsidiaries are parties to an Administrative Consent Order issued by the New Jersey Department of Environmental Protection. Pursuant to that order, Sealy and its subsidiary agreed to conduct soil and groundwater remediation at the property. The Company does not believe that its manufacturing processes were the source of contamination. The Company sold the property in 1997. The Company retained primary responsibility for the required remediation. Previously, the Company removed and disposed of contaminated soil from the site with the New Jersey Department of Environmental Protection approval, and the Company has installed a groundwater remediation system on the site. During 2005, with the approval of the New Jersey Department of Environmental Protection, the Company removed and disposed of sediment in Oakeys Brook adjoining the site. The Company continues to monitor ground water at the site. During 2012, with the approval of the New Jersey Department of Environmental Protection, the Company commenced the removal and disposal of additional contaminated soil from the site. The Company has recorded a reserve as a component of other accrued expenses and other noncurrent liabilities in the accompanying Consolidated Balance Sheets as of March 31, 2015 for $2.5 million associated with this remediation project. The Company has also undertaken a remediation of soil and groundwater contamination at an inactive facility located in Oakville, Connecticut. Although the Company is conducting the remediation voluntarily, it obtained Connecticut Department of Energy and Environmental Protection (“DEEP”) approval of the remediation plan. In 2012, the Company submitted separate closure reports to the Connecticut DEEP for the lower portion of the site and the upper portion of the site. The Connecticut DEEP approved the Company’s closure report for the upper portion of the site and also gave conditional approval to the Company’s closure report for the lower portion of the site. The Company is continuing to work with the Connecticut DEEP and is performing additional testing to obtain closure for the lower portion of the site. The Company has recorded a liability of approximately $0.1 million associated with the completion of the closure of its remediation efforts at the site. The Company does not believe the contamination on this site is attributable to the Company’s operations. In 1998, the Company sold an inactive facility located in Putnam, Connecticut. In 2012, the Company received a letter from the attorney for the current owner of that property claiming that the Company may have some responsibility for an environmental condition on the property. The Company continues to investigate this matter, but intends to vigorously defend the claim of the current owner against the Company. The Company cannot predict the ultimate timing or costs of the South Brunswick, Oakville and Putnam environmental matters. Based on facts currently known, the Company believes that the accruals recorded are adequate and does not believe the resolution of these matters will have a material effect on the financial position or future operations of the Company. However, in the event of an adverse decision by the agencies involved, or an unfavorable result in the New Jersey natural resources damages matter, these matters could have a material effect on the Company’s financial position or results of operations. (g) Income Tax Assessments. The Company has received income tax assessments from the Danish Tax Authority (“SKAT”). The Company believes it has meritorious defenses to the proposed adjustments and will oppose the assessments, as necessary in the appropriate Danish venue. The Company believes the litigation process to reach a final resolution of this matter could potentially extend over the next five years. If the Company is not successful in defending its position that the Company owes no additional taxes, the Company could be required to pay a significant amount to SKAT, which could impair or reduce the Company's liquidity and profitability. For a description of these assessments and additional information with respect to these assessments and the various related legal proceedings, see Note 12, "Income Taxes". (h) Other. The Company is involved in various other legal proceedings incidental to the operations of its business. The Company believes that the outcome of all such pending legal proceedings in the aggregate will not have a material adverse effect on its business, financial condition, liquidity, or operating results.

The entire disclosure for commitments and contingencies.

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Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate for the three months ended March 31, 2015 and 2014 was 29.2% and 29.3%, respectively. The Company’s income tax rate for the three months ended March 31, 2015 and 2014 differed from the U.S. federal statutory rate of 35.0% principally due to changes in the Company’s uncertain tax positions, certain foreign income tax rate differentials, state and local income taxes, the production activities deduction, and certain other permanent differences. At March 31, 2015, the Company's tax basis in its top tier foreign subsidiary exceeded the Company’s book basis. Accordingly, no deferred tax has been recorded related to this basis difference as it is not apparent that the difference will reverse in the foreseeable future. As it relates to the book to tax basis difference with respect to the stock of each of the Company’s lower tier foreign subsidiaries, as a general matter, the book basis exceeds the tax basis in the hands of the foreign subsidiary shareholder. By operation of the tax laws of the various countries in which such subsidiaries are domiciled, in all material respects the earnings of lower tier foreign subsidiaries are not subject to tax when distributed to the foreign shareholder. It is the Company’s intent that the earnings of each lower tier foreign subsidiary, with the exception of its Danish subsidiary, will be permanently reinvested in its own operations. As it relates to the Danish subsidiary, its earnings may be distributed without any income tax impact in any case. Accordingly, no tax is provided for with respect to the book to tax basis difference of its stock. 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 certain of Tempur Sealy International’s U.S. subsidiaries to a Danish subsidiary. The royalty is paid by the U.S. subsidiaries for the right to utilize certain intangible assets owned by the Danish subsidiary in the U.S. production processes. In its assessment, SKAT asserts that the amount of royalty rate paid by the U.S. subsidiaries 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, 2015 for all years for which an assessment has been received (2001 - 2008) is approximately DKK 1,323.6 million, including interest and penalties ($192.3 million - based on the DKK to USD exchange rate on March 31, 2015). The cumulative total tax assessment at December 31, 2014 for all years for which an assessment had been received up through that date (2001 - 2008) including interest and penalties was approximately DKK 1,317.2 million ($215.1 million based on the DKK to USD exchange rate on December 31, 2014). The increase of DKK 6.4 million is due to the accrual of additional interest for the period between December 31, 2014 and March 31, 2015. In 2013, the Company was notified by SKAT that SKAT had granted the deferral to 2017 of the requirement to post a cash deposit or other form of security for taxes that have been assessed for the period 2001 through 2007. In addition, during the quarter ended June 30, 2014, the Company was granted a deferral to 2018 of the requirement to post a cash deposit or other form of security for taxes that have been assessed for 2008. The Company filed timely protests with the Danish National Tax Tribunal (the "Tribunal") challenging the tax assessments. The Tribunal formally agreed to place the Danish tax litigation on hold pending the outcome of a Bilateral Advance Pricing Agreement ("Bilateral APA") between the United States and SKAT. A Bilateral APA involves an agreement between the Internal Revenue Service ("IRS") and the taxpayer, as well as a negotiated agreement with one or more foreign competent authorities under applicable income tax treaties. During the third quarter of 2008, the Company filed the Bilateral APA with the IRS and SKAT. U.S. and Danish competent authorities have met several times to discuss the Company’s Bilateral APA since 2011, most recently in February 2013, to discuss the matter. At the conclusion of the February 2013 meeting the IRS and SKAT concluded that a mutually acceptable agreement on the matter could not be reached and, as a result, the Bilateral APA process was terminated. The matter is now before the Tribunal. The Tribunal is a branch of SKAT that is independent of the discussions and negotiations that have taken place to date. If the Tribunal does not rule to the satisfaction of one or both parties, the party seeking redress may choose to litigate the issue in the Danish court system. The Company believes it has meritorious defenses to the proposed adjustments and will oppose the assessments before the Tribunal and in the Danish courts, as necessary. As part of the Tribunal process, the Company is currently collecting and analyzing additional information with the assistance of outside advisers to provide to the case manager assigned to the matter by the Tribunal. The Company has until June 1, 2015 to provide this additional information. To date, the Company has received an assessment every year for the next year in the examination cycle. In this regard the Company expects to receive an assessment for the year 2009 in the second quarter of 2015 (and the Company would expect to receive the 2010 assessment in the second quarter of 2016, and so forth). The Company expects the aggregate assessments for the years 2009 - 2015 to be in excess of the amounts described above as assessed for the years 2001 - 2008. The Company maintains an uncertain tax liability associated with this matter, the amount of which is based on a royalty methodology and royalty rates that the Company considers to be reflective of market transactions. It is reasonably possible the amount of unrecognized tax benefits may change in the next twelve months. An estimate of the amount of such change cannot be made at this time. In conjunction with this tax examination discussed above, during the year ended December 31, 2013 the Company received correspondence from SKAT requesting information regarding the royalty for the years 2009 through 2011. The correspondence indicated that SKAT would be evaluating the royalty paid for each of the years under examination. The Company has responded to SKAT’s request for information. During 2013, the Company and SKAT agreed that the examination of this issue for the years 2009 - 2011 would be placed on hold pending the outcome of the Tribunal process, although SKAT would continue to issue assessments as described above. As it relates to SKAT’s examination of other items, particularly transactions between the Company’s Danish subsidiary and its foreign distribution subsidiaries, during the quarter ended March 31, 2015, SKAT responded to the information provided to it by the Company and the Company and SKAT continue to discuss various matters. The Company believes it has meritorious defenses for all items reported in the Danish income tax returns. However, if the Company is not successful in defending its position before the Tribunal or in the Danish courts, the Company could be required to pay significant amounts to SKAT, which could materially impair or reduce its liquidity and profitability. 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 increase its uncertain tax liability associated with this matter, which could have a material impact on the Company's reported earnings. The aggregate amount of uncertain tax benefits for all matters as of March 31, 2015 and December 31, 2014 was $47.6 million and $47.5 million (exclusive of interest and penalties), respectively. Unrecognized tax benefits of $44.7 million and $44.6 million as of March 31, 2015 and December 31, 2014, respectively, would impact the effective tax rate if recognized. The Company had approximately $10.6 million and $10.3 million of accrued interest and penalties at March 31, 2015 and December 31, 2014, respectively. During 2014, the Company was advised by the IRS that the years 2010 and 2011 would not be examined but that 2012 would be examined. That examination is in progress. With few exceptions, the Company is no longer subject to tax examinations by the U.S. state and local municipalities for periods prior to 2006, and in non-U.S. jurisdictions for periods prior to 2001. As it relates to Sealy for years prior to the Sealy Acquisition, Sealy or one of its subsidiaries was required to file income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. Sealy’s U.S. federal income tax returns and with few exceptions its foreign income tax returns are no longer subject to examination for years prior to 2006. Generally Sealy’s state and local jurisdiction income tax returns are no longer subject to examination for years prior to 2010. In addition to the Danish tax matter described above, the Company is currently under examination by various tax authorities around the world. The Company anticipates it is reasonably possible an increase or decrease in the amount of unrecognized tax benefits could be made in the next twelve months as a result of the statute of limitations expiring and/or the examinations being concluded on these returns. However, the Company does not presently anticipate that any increase or decrease in unrecognized tax benefits related to these other returns will be material to the consolidated financial statements.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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Major Customers	3 Months Ended
Major Customers	Mar. 31, 2015
Risks and Uncertainties [Abstract]
Major Customers	Major Customers The top five customers accounted for 37.0% and 31.3% of the Company’s net sales for the three months ended March 31, 2015 and 2014, respectively. Net sales from one customer (Mattress Firm Holding Corp.) represented more than 10.0% of net sales for the three months ended March 31, 2015 and 2014, which is represented in the North America segment. The top five customers also accounted for 34.8% and 32.0% of accounts receivable as of March 31, 2015 and December 31, 2014, respectively.

Earnings Per Common Share

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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Earnings Per Common Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

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. As presented on the Company's Condensed Consolidated Statement of Income, the Company has included the effect of the $1.0 million redemption value adjustment, net of tax, in Net income attributable to Tempur Sealy International, Inc. below.



(in millions, except per common share amounts)	Three Months Ended
	March 31,
	2015		2014
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$	23.4	$	27.4

Denominator:
Denominator for basic earnings per common share-weighted average shares	60.9		60.7
Effect of dilutive securities:
Employee stock-based compensation	1.3		1.2
Denominator for diluted earnings per common share-adjusted weighted average shares	62.2		61.9

Basic earnings per common share	$	0.38	$	0.45

Diluted earnings per common share	$	0.38	$	0.44

The Company excluded 0.3 million and 0.3 million shares issuable upon exercise of outstanding stock options for the three months ended March 31, 2015 and 2014, respectively, from the diluted earnings per common share computation because their exercise price was greater than the average market price of Tempur Sealy International’s common stock or they were otherwise anti-dilutive. Holders of non-vested stock-based compensation awards do not maintain voting rights or maintain rights to receive any dividends thereon.

The entire disclosure for earnings per share.

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Segment Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Information

Effective January 1, 2015, the Company realigned its organizational structure in light of the progress made in 2013 and 2014 integrating Sealy into its business. As a result of these changes, information that our chief operating decision maker regularly reviews for purposes of allocating resources and assessing performance changed such that it is based on geography.

As a result of this realignment, the Company updated its segment reporting. Effective January 1, 2015, 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. Our North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S. and Canada. Our 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 which are appropriately eliminated in the Company’s accompanying Condensed Consolidated Financial Statements. The remaining inter-segment eliminations are comprised of intercompany accounts receivable and payables.

The historical information presented in the tables below has been restated for the change in the composition of the segments.

The following table summarizes total assets by segment:



(in millions)	March 31,			December 31,
	2015			2014
North America	$	2,531.7		$	2,507.4
International	477.3			474.3
Corporate	673.8			858.5
Inter-segment eliminations	(1,027.7		)	(1,177.6		)
Total assets	$	2,655.1		$	2,662.6

The following table summarizes long-lived assets by segment:



(in millions)	March 31,		December 31,
	2015		2014
North America	$	240.7	$	240.5
International	53.7		60.3
Corporate	58.7		54.8
Total long-lived assets:	$	353.1	$	355.6

The following table summarizes segment information for the three months ended March 31, 2015:



(in millions)	North America		International			Corporate			Intercompany Eliminations			Consolidated
Bedding sales	$	558.6	$	117.1		$	—		$	—		$	675.7
Other sales	35.5		28.3			—			—			63.8
Net sales	594.1		145.4			—			—			739.5

Inter-segment sales	$	1.7	$	0.1		$	—		$	(1.8	)	$	—
Gross profit	203.1		75.6			—			—			278.7
Intercompany royalty expense (income)	1.5		(1.5		)	—			—			—
Operating income (expense)	57.9		25.3			(28.8		)	—			54.4
Income (loss) before income taxes	56.5		25.3			(46.5		)	—			35.3

Depreciation and amortization⁽¹⁾	$	10.6	$	4.0		$	7.2		$	—		$	21.8
Capital expenditures	8.2		2.1			5.1			—			15.4


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

The following table summarizes segment information for the three months ended March 31, 2014:



(in millions)	North America		International			Corporate			Intercompany Eliminations			Consolidated
Bedding sales	$	517.1	$	118.9		$	—		$	—		$	636.0
Other sales	35.5		30.4			—			—			65.9
Net sales	552.6		149.3			—			—			701.9

Inter-segment sales	$	0.1	$	—		$	—		$	(0.1	)	$	—
Gross profit	186.2		83.3			—			—			269.5
Intercompany royalty expense (income)	1.5		(1.5		)	—			—			—
Operating income (expense)	53.1		33.5			(24.2		)	—			62.4
Income (loss) before income taxes	51.5		31.9			(44.2		)	—			39.2

Depreciation and amortization⁽¹⁾	$	13.3	$	3.6		$	7.1		$	—		$	24.0
Capital expenditures	4.7		1.9			1.2			—			7.8


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

The following table summarizes long-lived assets by geographic region:



(in millions)	March 31,		December 31,
	2015		2014
United States	$	292.2	$	287.3
Canada	7.2		8.0
Other International	53.7		60.3
Total long-lived assets	$	353.1	$	355.6
Total International	$	60.9	$	68.3

The following table summarizes net sales by geographic region:



(in millions)	Three Months Ended
	March 31,
	2015		2014
United States	$	547.7	$	504.0
Canada	46.4		48.6
Other International	145.4		149.3
Total net sales	$	739.5	$	701.9
Total International	$	191.8	$	197.9

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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+ Details

Guarantor/Non-Guarantor Financial Information

3 Months Ended

Mar. 31, 2015

Guarantor/Non-Guarantor Financial Information

The $375.0 million aggregate principal amount of 6.875% senior notes due 2020 (the "Senior Notes") are general unsecured senior obligations of Tempur Sealy International and are fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by all of Tempur Sealy International’s 100% directly or indirectly owned current and future domestic subsidiaries (the "Combined Guarantor Subsidiaries"). The foreign subsidiaries (the "Combined Non-Guarantor Subsidiaries") represent the foreign operations of the Company and do not guarantee the Senior Notes. A subsidiary guarantor will be released from its obligations under the 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 indenture governing the Senior Notes; (c) the subsidiary’s guarantee of indebtedness under the 2012 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 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 financial information presents Condensed Consolidated Balance Sheets as of March 31, 2015 and December 31, 2014, and the related Condensed Consolidated Statements of Income and Comprehensive Income and Cash Flows for the three months ended March 31, 2015 and 2014, for Tempur Sealy International, Combined Guarantor Subsidiaries and Combined Non-Guarantor Subsidiaries.

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Condensed Consolidated Statements of Operations and Comprehensive Income

Three Months Ended March 31, 2015

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	558.9		$	192.9		$	(12.3	)	$	739.5
Cost of sales	—			367.6			105.5			(12.3		)	460.8
Gross profit	—			191.3			87.4			—			278.7
Selling and marketing expenses	0.8			105.5			47.5			—			153.8
General, administrative and other expenses	3.6			57.6			16.5			—			77.7
Equity income in earnings of unconsolidated affiliates	—			—			(3.0		)	—			(3.0		)
Royalty income, net of royalty expense	—			(4.2		)	—			—			(4.2		)
Operating (loss) income	(4.4		)	32.4			26.4			—			54.4

Other expense, net:
Third party interest expense, net	6.7			13.1			0.6			—			20.4
Intercompany interest expense (income), net	8.2			(8.9		)	0.7			—			—
Interest expense, net	14.9			4.2			1.3			—			20.4
Other (income), net	—			(0.1		)	(1.2		)	—			(1.3		)
Total other expense	14.9			4.1			0.1			—			19.1

Income from equity investees	37.5			20.9			—			(58.4		)	—

Income before income taxes	18.2			49.2			26.3			(58.4		)	35.3
Income tax benefit (provision)	6.8			(11.7		)	(5.4		)	—			(10.3		)
Net income before non-controlling interest	25.0			37.5			20.9			(58.4		)	25.0
Less: net income attributable to non-controlling interest	1.6			1.6			—			(1.6		)	1.6
Net income attributable to Tempur Sealy International, Inc.	$	23.4		$	35.9		$	20.9		$	(56.8	)	$	23.4

Comprehensive income attributable to Tempur Sealy International, Inc.	$	(12.8	)	$	36.1		$	(18.3	)	$	(17.8	)	$	(12.8	)

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Condensed Consolidated Statements of Operations and Comprehensive Income

Three Months Ended March 31, 2014

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	508.3		$	197.9		$	(4.3	)	$	701.9
Cost of sales	—			340.0			96.7			(4.3		)	432.4
Gross profit	—			168.3			101.2			—			269.5
Selling and marketing expenses	0.5			95.5			47.0			—			143.0
General, administrative and other expenses	4.2			48.8			17.3			—			70.3
Equity income in earnings of unconsolidated affiliates	—			—			(1.7		)	—			(1.7		)
Royalty income, net of royalty expense	—			(4.5		)	—			—			(4.5		)
Operating (loss) income	(4.7		)	28.5			38.6			—			62.4

Other expense, net:
Third party interest expense, net	6.8			15.1			0.3			—			22.2
Intercompany interest expense, net	8.0			(8.6		)	0.6			—			—
Interest expense, net	14.8			6.5			0.9			—			22.2
Other expense, net	—			(0.2		)	1.2			—			1.0
Total other expense	14.8			6.3			2.1			—			23.2

Income from equity investees	40.6			28.2			—			(68.8		)	—

Income before income taxes	21.1			50.4			36.5			(68.8		)	39.2
Income tax benefit (provision)	6.6			(9.8		)	(8.3		)	—			(11.5		)
Net income before non-controlling interest	27.7			40.6			28.2			(68.8		)	27.7
Less: net income attributable to non-controlling interest	0.3			0.3			—			(0.3		)	0.3
Net income attributable to Tempur Sealy International, Inc.	$	27.4		$	40.3		$	28.2		$	(68.5	)	$	27.4

Comprehensive income attributable to Tempur Sealy International, Inc.	$	29.2		$	40.6		$	29.8		$	(70.4	)	$	29.2

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Condensed Consolidated Balance Sheets

March 31, 2015

(in millions)



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

Current Assets:
Cash and cash equivalents	$	—	$	15.7	$	29.3		$	—		$	45.0
Accounts receivable, net	—		244.9		145.2			—			390.1
Inventories, net	—		169.3		57.6			—			226.9
Income taxes receivable	154.6		—		—			(154.6		)	—
Prepaid expenses and other current assets	0.9		26.0		29.0			—			55.9
Deferred income taxes	12.7		36.0		5.1			—			53.8
Total Current Assets	168.2		491.9		266.2			(154.6		)	771.7
Property, plant and equipment, net	—		292.2		60.9			—			353.1
Goodwill	—		501.3		217.0			—			718.3
Other intangible assets, net	—		622.3		93.3			—			715.6
Deferred tax asset	—		—		8.7			—			8.7
Other non-current assets	6.2		47.9		33.6			—			87.7
Net investment in subsidiaries	1,910.4		—		—			(1,910.4		)	—
Due from affiliates	48.3		2,203.7		5.7			(2,257.7		)	—
Total Assets	$	2,133.1	$	4,159.3	$	685.4		$	(4,322.7	)	$	2,655.1

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	185.5	$	51.1		$	—		$	236.6
Accrued expenses and other current liabilities	7.8		153.5		58.7			—			220.0
Deferred income taxes	—		—		0.2			—			0.2
Income taxes payable	—		159.3		4.5			(154.6		)	9.2
Current portion of long-term debt	—		60.7		9.4			—			70.1
Total Current Liabilities	7.8		559.0		123.9			(154.6		)	536.1
Long-term debt	375.0		1,157.4		0.1			—			1,532.5
Deferred income taxes	—		232.6		27.3			—			259.9
Other non-current liabilities	—		110.7		6.6			—			117.3
Due to affiliates	1,541.0		189.2		715.0			(2,445.2		)	—
Total Liabilities	1,923.8		2,248.9		872.9			(2,599.8		)	2,445.8

Redeemable non-controlling interest	14.8		14.8		—			(14.8		)	14.8

Total Stockholders’ Equity	194.5		1,895.6		(187.5		)	(1,708.1		)	194.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,133.1	$	4,159.3	$	685.4		$	(4,322.7	)	$	2,655.1

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Condensed Consolidated Balance Sheets

December 31, 2014

(in millions)



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

Current Assets:
Cash and cash equivalents	$	0.4	$	25.5	$	36.6		$	—		$	62.5
Accounts receivable, net	—		241.2		144.6			—			385.8
Inventories, net	—		158.3		58.9			—			217.2
Income taxes receivable	144.1				—			(144.1		)	—
Prepaid expenses and other current assets	—		28.2		28.3			—			56.5
Deferred income taxes	12.4		26.8		5.2			—			44.4
Total Current Assets	156.9		480.0		273.6			(144.1		)	766.4
Property, plant and equipment, net	—		287.3		68.3			—			355.6
Goodwill	—		557.2		179.3			—			736.5
Other intangible assets, net	—		611.9		115.2			—			727.1
Deferred tax asset	—		—		8.6			—			8.6
Other non-current assets	6.3		46.4		15.7			—			68.4
Net investment in subsidiaries	1,808.4				—			(1,808.4		)	—
Due from affiliates	51.4		2,226.0		5.3			(2,282.7		)	—
Total Assets	$	2,023.0	$	4,208.8	$	666.0		$	(4,235.2	)	$	2,662.6

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	170.4	$	56.0		$	—		$	226.4
Accrued expenses and other current liabilities	1.4		166.1		65.8			—			233.3
Deferred income taxes	—		—		0.2			—			0.2
Income taxes payable	—		163.0		(6.9		)	(144.1		)	12.0
Current portion of long-term debt	—		61.8		4.6			—			66.4
Total Current Liabilities	1.4		561.3		119.7			(144.1		)	538.3
Long-term debt	375.0		1,160.9		—			—			1,535.9
Deferred income taxes	—		229.1		29.7			—			258.8
Other non-current liabilities	—		109.3		5.0			—			114.3
Due to affiliates	1,431.3		340.2		849.4			(2,620.9		)	—
Total Liabilities	1,807.7		2,400.8		1,003.8			(2,765.0		)	2,447.3

Redeemable non-controlling interest	12.6		12.6		—			(12.6		)	12.6

Total Stockholders’ Equity	202.7		1,795.4		(337.8		)	(1,457.6		)	202.7
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,023.0	$	4,208.8	$	666.0		$	(4,235.2	)	$	2,662.6

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2015

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(13.5	)	$	10.4		$	(3.3	)	$	—	$	(6.4	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(13.1		)	(2.3		)	—		(15.4		)
Net cash provided by (used in) investing activities	—			(13.1		)	(2.3		)	—		(15.4		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under under long-term debt obligations	—			93.5			4.4			—		97.9
Repayments of borrowings under long-term debt obligations	—			(98.8		)	—			—		(98.8		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	12.6			(1.4		)	(11.2		)			—
Proceeds from exercise of stock options	1.6			—			—			—		1.6
Treasury stock repurchased	(1.1		)	—			—			—		(1.1		)
Other	—			(0.4		)	0.6			—		0.2
Net cash provided by (used in) financing activities	13.1			(7.1		)	(6.2		)	—		(0.2		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			4.5			—		4.5
Decrease in cash and cash equivalents	(0.4		)	(9.8		)	(7.3		)	—		(17.5		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	0.4			25.5			36.6			—		62.5
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	15.7		$	29.3		$	—	$	45.0

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2014

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(10.5	)	$	(14.8	)	$	23.7		$	—	$	(1.6	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(5.5		)	(2.3		)	—		(7.8		)
Other	—			0.9			(1.7		)	—		(0.8		)
Net cash (used in) investing activities	—			(4.6		)	(4.0		)	—		(8.6		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	—			74.5			—			—		74.5
Repayments of borrowings under long-term debt obligations	—			(66.5		)	—			—		(66.5		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	10.1			13.9			(24.0		)	—		—
Proceeds from exercise of stock options	1.7			—			—			—		1.7
Excess tax benefit from stock-based compensation	0.9			—			—			—		0.9
Treasury stock repurchased	(2.2		)				—			—		(2.2		)
Other	—			(0.4		)	0.5			—		0.1
Net cash provided by (used in) financing activities	10.5			21.5			(23.5		)	—		8.5

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			0.4			—		0.4
Increase (decrease) in cash and cash equivalents	—			2.1			(3.4		)	—		(1.3		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			30.9			50.1			—		81.0
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	33.0		$	46.7		$	—	$	79.7

Schedule of Inventory, Current

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, 2015
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: Retail and Other. 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 ("VIE") 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 that were considered in the related-party analysis surrounding the identification of the primary beneficiary. 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 equity method of accounting is used for these joint ventures, over which the Company has significant influence but does not have effective control, and consolidation is not otherwise required. The Company’s Asia-Pacific joint ventures are more fully described in Note 6, "Unconsolidated Affiliate Companies". 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 ("U.S. GAAP" or "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, 2014, included in the Company’s Annual Report on Form 10-K filed on February 13, 2015. 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.
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. In estimating its warranty obligations, 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 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 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 pillows have a warranty term of three years, non-prorated.
Revenue Recognition	Revenue Recognition. Sales of products are recognized when persuasive evidence of an arrangement exists, title passes to customers and the risks and rewards of ownership are transferred, the sales price is fixed or determinable and collectability is reasonably assured. The Company extends volume discounts to certain customers, as well as promotional allowances, floor sample discounts, commissions paid to retail associates and slotting fees, and reflects these amounts as a reduction of sales at the time revenue is recognized based on historical experience. The Company also reports sales net of tax assessed by qualifying governmental authorities. The Company extends credit based on the creditworthiness of its customers. No collateral is required on sales made in the normal course of business. 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.
Cooperative Advertising, Rebate and Other Promotional Programs	Cooperative Advertising, Rebate and Other Promotional Programs. The Company enters into agreements with customers to provide funds for advertising and promotions. The Company also enters into volume and other rebate programs with customers. When sales are made to these customers, the Company records liabilities pursuant to these agreements. The Company periodically assesses these liabilities based on actual sales and claims to determine whether all of the cooperative advertising earned will be used by the customer or whether the customer will meet the requirements to receive rebate funds. The Company generally negotiates these agreements on a customer-by-customer basis. Some of these agreements extend over several periods. Significant estimates are required at any point in time with regard to the ultimate reimbursement to be claimed by the customers. Subsequent revisions to such estimates are recorded and charged to earnings in the period in which they are identified. Rebates and cooperative advertising are classified as a reduction of revenue and presented within net sales on the accompanying Condensed Consolidated Statements of Income. Certain cooperative advertising expenses are reported as components of selling and marketing expenses in the accompanying Condensed Consolidated Statements of Income because the Company receives an identifiable benefit and the fair value of the advertising benefit can be reasonably estimated.
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 is formally documented at the inception and an ongoing basis in offsetting changes in cash flows of the hedged transaction. The Company records derivative financial instruments on the 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 loss ("OCL"), depending on whether the derivative is designated and is effective as a hedged transaction, and on the type of hedging relationship. For derivative financial instruments that are designated as a hedge, unrealized gains and losses related to the effective portion are either recognized in income immediately to offset the realized gain or loss on the hedged item, or are deferred and reported as a component of accumulated OCL 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 Company manages the changes in interest rates on its variable rate debt through a four-year interest rate swap agreement that was entered into on August 8, 2011. The Company designated this interest rate swap agreement as a cash flow hedge of floating rate borrowings and expects the hedge to be highly effective in offsetting fluctuations in the designated interest payments resulting from changes in the benchmark interest rate. The gains and losses on the designated interest rate swap agreement will offset losses and gains on the transactions being hedged. As a result of this interest rate swap agreement, the Company pays interest at a fixed rate and receives payments at a variable rate which began on December 30, 2011. As of December 30, 2011, the interest rate swap agreement effectively fixed the floating LIBOR-based interest rate to 1.25% plus the applicable margin on $250.0 million of the outstanding balance under the Company's variable rate debt. On December 30, 2013, the outstanding notional principal amount of the interest rate swap agreement reduced to $150.0 million. The interest rate swap agreement expires on December 30, 2015. The Company has selected the LIBOR-based portion of the hedged portion of the Company's variable rate debt during the term of the interest rate swap agreement. The effective portion of the change in value of the interest rate swap agreement is reflected as a component of comprehensive (loss) income and recognized as interest expense, net as payments are paid or accrued. The remaining gain or loss in excess of the cumulative change in the present value of the future cash flows of the hedged item, if any (i.e., the ineffective portion) or hedge components excluded from the assessment of effectiveness are recognized as interest expense, net during the current period. The fair value of the interest rate swap agreement is calculated as described in Note 7, "Fair Value Measurements". These amounts are immaterial to the Condensed Consolidated Financial Statements. The Company manages a portion of the risk associated with fluctuations in foreign currencies related to intercompany and third party inventory purchases denominated in foreign currencies through foreign exchange forward contracts designated as cash flow hedges. As of March 31, 2015, the Company had foreign exchange forward contracts designated as cash flow hedges to buy U.S dollars and to sell Canadian dollars with a notional amount outstanding of $50.4 million. These foreign exchange forward contracts have maturities ranging from April 2015 to March 2016. 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 using other timing and probability criteria. The effective portion of the cash flow hedge contracts' gains or losses resulting from changes in the fair value of these hedges is initially reported, net of tax, as a component of accumulated OCL until the underlying hedged item is reflected in the Company's accompanying Condensed Consolidated Statements of Income, at which time the effective amount in accumulated OCL is reclassified to cost of sales in the accompanying Condensed Consolidated Statements of Income. The Company expects to reclassify a gain of approximately $2.7 million, net of tax, over the next 12 months based on March 31, 2015 exchange rates. These amounts are immaterial to the Condensed Consolidated Financial Statements. The Company is also exposed to foreign currency risk related to intercompany debt and associated interest payments and certain intercompany accounts receivable and accounts payable. To manage the risk associated with fluctuations in foreign currencies related to these assets and liabilities, the Company enters into foreign exchange forward contracts. The Company considers these contracts to be economic hedges. Accordingly, changes in the fair value of these instruments affect earnings during the current period. These foreign exchange forward contracts protect against the reduction in value of forecasted foreign currency cash flows resulting from payments in foreign currencies. The fair value of the foreign exchange forward contracts are estimated as described in Note 7, "Fair Value Measurements". These amounts are immaterial to the Condensed Consolidated Financial Statements.
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 a proscribed 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.
Redeemable Non-controlling Interest	Redeemable Non-controlling Interest. The Company is party to a put and call arrangement with respect to the common securities that represent the 55.0% non-controlling interest in Comfort Revolution. The call arrangement may be exercised by the Company on or after June 12, 2017. The put arrangement may be exercised by Comfort Revolution on or after June 12, 2018. The redemption value for both the put and the call arrangement is equal to 7.5 times earnings before interest, tax, depreciation and amortization ("EBITDA"), as defined in the related LLC agreement, of Comfort Revolution for the preceding 12 months, adjusted for net debt outstanding and multiplied by the 55.0% ownership interest not held by the Company. Due to the existing put and call arrangements, the non-controlling interest is considered to be redeemable and is recorded on the balance sheet as a redeemable non-controlling interest outside of permanent equity. The redeemable non-controlling interest is recognized at the higher of 1) the accumulated earnings associated with the non-controlling interest or 2) the contractually-defined redemption value as of the balance sheet date.
New Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue From Contracts With Customers, that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The ASU is based on the core principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption of the new standard. This ASU is effective for fiscal years beginning after December 15, 2016 including interim periods within that reporting period; however, the FASB recently issued a proposal to defer the effective date and thus the Company's adoption to the first quarter of 2018. The Company is currently evaluating the new guidance to determine the Company's adoption method and the effect it will have on the Company's Condensed Consolidated Financial Statements. In April 2015, the FASB issued ASU No. 2015-03, Interest- Imputation of Interest- Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This ASU is effective on a retrospective basis for annual reporting periods beginning after December 15, 2015, however early adoption is permitted. The Company is currently evaluating the effect that the adoption of this ASU will have on the Company's Condensed Consolidated Financial Statements.

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

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



(in millions)	March 31,		December 31,
	2015		2014
Finished goods	$	141.9	$	134.0
Work-in-process	8.6		11.4
Raw materials and supplies	76.4		71.8
	$	226.9	$	217.2

Changes in accrued sales returns

The Company had the following activity for sales returns from December 31, 2014 to March 31, 2015:



(in millions)
Balance as of December 31, 2014	$	32.3
Amounts accrued	28.5
Returns charged to accrual	(29.4		)
Balance as of March 31, 2015	$	31.4

Warranty activity

The Company had the following activity for warranties from December 31, 2014 to March 31, 2015:



(in millions)
Balance as of December 31, 2014	$	31.3
Amounts accrued	6.5
Warranties charged to accrual	(6.4		)
Balance as of March 31, 2015	$	31.4

Goodwill (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by business segment

The following summarizes the reassignment of goodwill from the historical segments to the new segments:



(in millions)	Reassigned Goodwill by Segment
North America segment:
Tempur North America segment goodwill as of January 1, 2015	$	106.2
Sealy goodwill as of January 1, 2015 reassigned to the North America segment	468.3
Total North America segment goodwill as of January 1, 2015	$	574.5

International segment:
Tempur International segment goodwill as of January 1, 2015	$	108.4
Sealy segment goodwill as of January 1, 2015 reassigned to International segment	53.6
Total International segment goodwill as of January 1, 2015	$	162.0

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



(in millions)	North America			International			Consolidated
Balance as of January 1, 2015	$	574.5		$	162.0		$	736.5
Purchase price allocation adjustments from acquisition	—			(1.4		)	(1.4		)
Foreign currency translation adjustments	(6.0		)	(10.8		)	(16.8		)
Balance as of March 31, 2015	$	568.5		$	149.8		$	718.3

Debt (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Schedule of long term debt

Debt for the Company consists of the following:



(in millions)	March 31, 2015			December 31, 2014
Debt:
Revolving credit facility, interest at Base Rate plus applicable margin of 1.75% or LIBOR plus applicable margin of 2.75% as of March 31, 2015 and Base Rate plus applicable margin of 2.00% or LIBOR plus applicable margin of 3.00% as of December 31, 2014, commitment through and due March 18, 2018	$	43.0		$	16.0
Term A Facility, interest at LIBOR plus applicable margin of 2.00% as of March 31, 2015 and 2.25% as of December 31, 2014, commitment through and due March 18, 2018	462.5			484.5
Term B Facility, interest at LIBOR, subject to a 0.75% floor plus applicable margin of 2.75% as of March 31, 2015 and as of December 31, 2014, commitment through and due March 18, 2020	584.0			594.4
$375.0 million Senior Notes, interest at 6.875%, due December 15, 2020	375.0			375.0
8.0% Sealy Notes, due July 15, 2016	106.0			104.7
Capital lease obligations and other	32.1			27.7
	$	1,602.6		$	1,602.3
Less: current portion	(70.1		)	(66.4		)
Long-term debt	$	1,532.5		$	1,535.9

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.

Stockholders' Equity Note [Abstract]

Reference 1: 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))

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 4: 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=6451184&loc=d3e28541-108399

Reference 5: 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=6928386&loc=d3e21475-112644

Reference 6: 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 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

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Reference 9: 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=6928386&loc=d3e21521-112644

Reference 10: 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=6928386&loc=d3e21538-112644

Reference 11: 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=6479336&loc=d3e64711-112823

+ Details

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2015

Changes in accumulated other comprehensive loss

Accumulated OCL consisted of the following:



(in millions)	Three Months Ended
	March 31,
	2015			2014
Foreign Currency Translation
Balance at beginning of period	$	(54.0	)	$	(15.6	)
Other comprehensive (loss) income:
Foreign currency translation adjustments ⁽¹⁾	(37.6		)	0.8
Balance at end of period	$	(91.6	)	$	(14.8	)

Interest Rate Swap
Balance at beginning of period	$	(0.7	)	$	(1.4	)
Other comprehensive income:
Net change from period revaluations:	0.7			0.7
Tax expense⁽²⁾	(0.3		)	(0.3		)
Total other comprehensive income before reclassifications, net of tax	$	0.4		$	0.4
Net amount reclassified to earnings ⁽³⁾	(0.5		)	(0.5		)
Tax benefit ⁽²⁾	0.2			0.2
Total amount reclassified from accumulated other comprehensive loss, net of tax	$	(0.3	)	$	(0.3	)
Total other comprehensive income	0.1			0.1
Balance at end of period	$	(0.6	)	$	(1.3	)

Pension Benefits
Balance at beginning of period	$	(2.4	)	$	3.2
Other comprehensive income:
Net change from period revaluations:	—			—
Tax expense	—			—
Total other comprehensive income before reclassifications, net of tax	$	—		$	—
Net amount reclassified to earnings	—			—
Tax benefit	—			—
Total amount reclassified from accumulated other comprehensive loss, net of tax	$	—		$	—
Total other comprehensive income	—			—
Balance at end of period	$	(2.4	)	$	3.2

Foreign Exchange Forward Contracts
Balance at beginning of period	$	1.3		$	—
Other comprehensive income:
Net change from period revaluations:	3.7			1.7
Tax expense⁽²⁾	(1.0		)	(0.4		)
Total other comprehensive income before reclassifications, net of tax	$	2.7		$	1.3
Net amount reclassified to earnings⁽⁴⁾	(1.9		)	(0.6		)
Tax benefit⁽²⁾	0.5			0.2
Total amount reclassified from accumulated other comprehensive income, net of tax	$	(1.4	)	$	(0.4	)
Total other comprehensive income	1.3			0.9
Balance at end of period	$	2.6		$	0.9

(1) In 2015 and 2014, no amounts were reclassified to earnings.

(2) These amounts were included in the income tax provision on the accompanying Condensed Consolidated Statements of Income.

(3) This amount was included in interest expense, net on the accompanying Condensed Consolidated Statements of Income.

(4) This amount was included in cost of sales, net on the accompanying Condensed Consolidated Statements of Income.

Defined Benefit Pension Plans (Tables)

3 Months Ended

Mar. 31, 2015

Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]

Schedule of Defined Benefit Plans Disclosures

The following table represents amounts recorded in the Condensed Consolidated Balance Sheets for the Company's defined benefit plans:



	March 31,		December 31,
(in millions)	2015		2014
Non-current portion of benefit liability	$	14.5	$	14.9
Non-current benefit asset	0.2		0.3

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

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References+ Details

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of stock-based compensation expense

A summary of the Company’s stock-based compensation expense is presented below:



(in millions)	Three Months Ended March 31,
	2015		2014
PRSU expense	$	2.0	$	1.1
Option expense	1.5		1.7
RSU/DSU expense	0.5		1.3
Total stock-based compensation expense	$	4.0	$	4.1

Stock Options Valuation Assumptions



	Three months ended
	March 31,
	2015	2014
Expected volatility range of stock	36.2% - 36.2%	58.3% - 58.3%
Expected life of option, range in years	3 - 5	4 - 4
Risk-free interest range rate	1.0% - 1.5%	1.1% - 1.1%
Expected dividend yield on stock	0.0% - 0.0%	0.6% - 0.6%

Summary of PRSU activity and related information

A summary of the Company’s PRSU activity and related information for the three months ended March 31, 2015 is presented below:



(shares and aggregate intrinsic value in millions)
	Number of Shares	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Awards outstanding at December 31, 2014	0.28	$	53.45
Granted	0.26	57.51
Vested	—	—
Forfeited	0.00	51.87
Awards outstanding at March 31, 2015	0.54	$	54.59	$	31.0

Schedule of stock option activity

A summary of the Company’s stock option activity and related information for the three months ended March 31, 2015 is presented below:



(shares and aggregate intrinsic value in millions)
	Number of Shares		Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Options outstanding December 31, 2014	2.84		$	24.18
Granted	0.42		57.51
Exercised	(0.05	)	32.50
Forfeited	0.00		52.00
Options outstanding at March 31, 2015	3.21		$	28.37	5.49	$	86.8
Options exercisable at March 31, 2015	2.63		$	22.32	4.58	$	93.3

Schedule of restricted stock units and deferred stock units

A summary of the Company’s RSU and DSU activity and related information for the three months ended March 31, 2015 is presented below:



(shares and aggregate intrinsic value in millions)
	Number of Shares		Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
Awards outstanding at December 31, 2014	0.11		$	50.41
Granted	0.00		56.01
Vested	(0.06	)	49.03
Forfeited	0.00		49.63
Awards outstanding at March 31, 2015	0.05		$	52.42	$	3.0

Schedule of Unrecognized Compensation Expense



($ in millions)
	March 31, 2015		Weighted Average Remaining Vesting Period (Years)
Unrecognized stock option expense	$	5.6	2.91
Unrecognized RSU/DSU expense	0.2		2.89
Unrecognized PRSU expense	14.4		2.75
Total unrecognized stock-based compensation expense	$	20.2	2.80

Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings per share



(in millions, except per common share amounts)	Three Months Ended
	March 31,
	2015		2014
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$	23.4	$	27.4

Denominator:
Denominator for basic earnings per common share-weighted average shares	60.9		60.7
Effect of dilutive securities:
Employee stock-based compensation	1.3		1.2
Denominator for diluted earnings per common share-adjusted weighted average shares	62.2		61.9

Basic earnings per common share	$	0.38	$	0.45

Diluted earnings per common share	$	0.38	$	0.44

Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Total assets and long-lived assets by segment

The following table summarizes total assets by segment:



(in millions)	March 31,			December 31,
	2015			2014
North America	$	2,531.7		$	2,507.4
International	477.3			474.3
Corporate	673.8			858.5
Inter-segment eliminations	(1,027.7		)	(1,177.6		)
Total assets	$	2,655.1		$	2,662.6

The following table summarizes long-lived assets by segment:



(in millions)	March 31,		December 31,
	2015		2014
North America	$	240.7	$	240.5
International	53.7		60.3
Corporate	58.7		54.8
Total long-lived assets:	$	353.1	$	355.6

Segment financial information

The following table summarizes segment information for the three months ended March 31, 2015:



(in millions)	North America		International			Corporate			Intercompany Eliminations			Consolidated
Bedding sales	$	558.6	$	117.1		$	—		$	—		$	675.7
Other sales	35.5		28.3			—			—			63.8
Net sales	594.1		145.4			—			—			739.5

Inter-segment sales	$	1.7	$	0.1		$	—		$	(1.8	)	$	—
Gross profit	203.1		75.6			—			—			278.7
Intercompany royalty expense (income)	1.5		(1.5		)	—			—			—
Operating income (expense)	57.9		25.3			(28.8		)	—			54.4
Income (loss) before income taxes	56.5		25.3			(46.5		)	—			35.3

Depreciation and amortization⁽¹⁾	$	10.6	$	4.0		$	7.2		$	—		$	21.8
Capital expenditures	8.2		2.1			5.1			—			15.4


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

The following table summarizes segment information for the three months ended March 31, 2014:



(in millions)	North America		International			Corporate			Intercompany Eliminations			Consolidated
Bedding sales	$	517.1	$	118.9		$	—		$	—		$	636.0
Other sales	35.5		30.4			—			—			65.9
Net sales	552.6		149.3			—			—			701.9

Inter-segment sales	$	0.1	$	—		$	—		$	(0.1	)	$	—
Gross profit	186.2		83.3			—			—			269.5
Intercompany royalty expense (income)	1.5		(1.5		)	—			—			—
Operating income (expense)	53.1		33.5			(24.2		)	—			62.4
Income (loss) before income taxes	51.5		31.9			(44.2		)	—			39.2

Depreciation and amortization⁽¹⁾	$	13.3	$	3.6		$	7.1		$	—		$	24.0
Capital expenditures	4.7		1.9			1.2			—			7.8


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

Long-lived assets by geographic region

The following table summarizes long-lived assets by geographic region:



(in millions)	March 31,		December 31,
	2015		2014
United States	$	292.2	$	287.3
Canada	7.2		8.0
Other International	53.7		60.3
Total long-lived assets	$	353.1	$	355.6
Total International	$	60.9	$	68.3

Net sales by geographic region

The following table summarizes net sales by geographic region:



(in millions)	Three Months Ended
	March 31,
	2015		2014
United States	$	547.7	$	504.0
Canada	46.4		48.6
Other International	145.4		149.3
Total net sales	$	739.5	$	701.9
Total International	$	191.8	$	197.9

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

Guarantor/Non-Guarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of supplemental condensed consolidated statements of operations and comprehensive income

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Condensed Consolidated Statements of Operations and Comprehensive Income

Three Months Ended March 31, 2015

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	558.9		$	192.9		$	(12.3	)	$	739.5
Cost of sales	—			367.6			105.5			(12.3		)	460.8
Gross profit	—			191.3			87.4			—			278.7
Selling and marketing expenses	0.8			105.5			47.5			—			153.8
General, administrative and other expenses	3.6			57.6			16.5			—			77.7
Equity income in earnings of unconsolidated affiliates	—			—			(3.0		)	—			(3.0		)
Royalty income, net of royalty expense	—			(4.2		)	—			—			(4.2		)
Operating (loss) income	(4.4		)	32.4			26.4			—			54.4

Other expense, net:
Third party interest expense, net	6.7			13.1			0.6			—			20.4
Intercompany interest expense (income), net	8.2			(8.9		)	0.7			—			—
Interest expense, net	14.9			4.2			1.3			—			20.4
Other (income), net	—			(0.1		)	(1.2		)	—			(1.3		)
Total other expense	14.9			4.1			0.1			—			19.1

Income from equity investees	37.5			20.9			—			(58.4		)	—

Income before income taxes	18.2			49.2			26.3			(58.4		)	35.3
Income tax benefit (provision)	6.8			(11.7		)	(5.4		)	—			(10.3		)
Net income before non-controlling interest	25.0			37.5			20.9			(58.4		)	25.0
Less: net income attributable to non-controlling interest	1.6			1.6			—			(1.6		)	1.6
Net income attributable to Tempur Sealy International, Inc.	$	23.4		$	35.9		$	20.9		$	(56.8	)	$	23.4

Comprehensive income attributable to Tempur Sealy International, Inc.	$	(12.8	)	$	36.1		$	(18.3	)	$	(17.8	)	$	(12.8	)

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Condensed Consolidated Statements of Operations and Comprehensive Income

Three Months Ended March 31, 2014

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	508.3		$	197.9		$	(4.3	)	$	701.9
Cost of sales	—			340.0			96.7			(4.3		)	432.4
Gross profit	—			168.3			101.2			—			269.5
Selling and marketing expenses	0.5			95.5			47.0			—			143.0
General, administrative and other expenses	4.2			48.8			17.3			—			70.3
Equity income in earnings of unconsolidated affiliates	—			—			(1.7		)	—			(1.7		)
Royalty income, net of royalty expense	—			(4.5		)	—			—			(4.5		)
Operating (loss) income	(4.7		)	28.5			38.6			—			62.4

Other expense, net:
Third party interest expense, net	6.8			15.1			0.3			—			22.2
Intercompany interest expense, net	8.0			(8.6		)	0.6			—			—
Interest expense, net	14.8			6.5			0.9			—			22.2
Other expense, net	—			(0.2		)	1.2			—			1.0
Total other expense	14.8			6.3			2.1			—			23.2

Income from equity investees	40.6			28.2			—			(68.8		)	—

Income before income taxes	21.1			50.4			36.5			(68.8		)	39.2
Income tax benefit (provision)	6.6			(9.8		)	(8.3		)	—			(11.5		)
Net income before non-controlling interest	27.7			40.6			28.2			(68.8		)	27.7
Less: net income attributable to non-controlling interest	0.3			0.3			—			(0.3		)	0.3
Net income attributable to Tempur Sealy International, Inc.	$	27.4		$	40.3		$	28.2		$	(68.5	)	$	27.4

Comprehensive income attributable to Tempur Sealy International, Inc.	$	29.2		$	40.6		$	29.8		$	(70.4	)	$	29.2

Schedule of supplemental condensed consolidated balance sheets

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Condensed Consolidated Balance Sheets

March 31, 2015

(in millions)



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

Current Assets:
Cash and cash equivalents	$	—	$	15.7	$	29.3		$	—		$	45.0
Accounts receivable, net	—		244.9		145.2			—			390.1
Inventories, net	—		169.3		57.6			—			226.9
Income taxes receivable	154.6		—		—			(154.6		)	—
Prepaid expenses and other current assets	0.9		26.0		29.0			—			55.9
Deferred income taxes	12.7		36.0		5.1			—			53.8
Total Current Assets	168.2		491.9		266.2			(154.6		)	771.7
Property, plant and equipment, net	—		292.2		60.9			—			353.1
Goodwill	—		501.3		217.0			—			718.3
Other intangible assets, net	—		622.3		93.3			—			715.6
Deferred tax asset	—		—		8.7			—			8.7
Other non-current assets	6.2		47.9		33.6			—			87.7
Net investment in subsidiaries	1,910.4		—		—			(1,910.4		)	—
Due from affiliates	48.3		2,203.7		5.7			(2,257.7		)	—
Total Assets	$	2,133.1	$	4,159.3	$	685.4		$	(4,322.7	)	$	2,655.1

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	185.5	$	51.1		$	—		$	236.6
Accrued expenses and other current liabilities	7.8		153.5		58.7			—			220.0
Deferred income taxes	—		—		0.2			—			0.2
Income taxes payable	—		159.3		4.5			(154.6		)	9.2
Current portion of long-term debt	—		60.7		9.4			—			70.1
Total Current Liabilities	7.8		559.0		123.9			(154.6		)	536.1
Long-term debt	375.0		1,157.4		0.1			—			1,532.5
Deferred income taxes	—		232.6		27.3			—			259.9
Other non-current liabilities	—		110.7		6.6			—			117.3
Due to affiliates	1,541.0		189.2		715.0			(2,445.2		)	—
Total Liabilities	1,923.8		2,248.9		872.9			(2,599.8		)	2,445.8

Redeemable non-controlling interest	14.8		14.8		—			(14.8		)	14.8

Total Stockholders’ Equity	194.5		1,895.6		(187.5		)	(1,708.1		)	194.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,133.1	$	4,159.3	$	685.4		$	(4,322.7	)	$	2,655.1

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Condensed Consolidated Balance Sheets

December 31, 2014

(in millions)



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

Current Assets:
Cash and cash equivalents	$	0.4	$	25.5	$	36.6		$	—		$	62.5
Accounts receivable, net	—		241.2		144.6			—			385.8
Inventories, net	—		158.3		58.9			—			217.2
Income taxes receivable	144.1				—			(144.1		)	—
Prepaid expenses and other current assets	—		28.2		28.3			—			56.5
Deferred income taxes	12.4		26.8		5.2			—			44.4
Total Current Assets	156.9		480.0		273.6			(144.1		)	766.4
Property, plant and equipment, net	—		287.3		68.3			—			355.6
Goodwill	—		557.2		179.3			—			736.5
Other intangible assets, net	—		611.9		115.2			—			727.1
Deferred tax asset	—		—		8.6			—			8.6
Other non-current assets	6.3		46.4		15.7			—			68.4
Net investment in subsidiaries	1,808.4				—			(1,808.4		)	—
Due from affiliates	51.4		2,226.0		5.3			(2,282.7		)	—
Total Assets	$	2,023.0	$	4,208.8	$	666.0		$	(4,235.2	)	$	2,662.6

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	170.4	$	56.0		$	—		$	226.4
Accrued expenses and other current liabilities	1.4		166.1		65.8			—			233.3
Deferred income taxes	—		—		0.2			—			0.2
Income taxes payable	—		163.0		(6.9		)	(144.1		)	12.0
Current portion of long-term debt	—		61.8		4.6			—			66.4
Total Current Liabilities	1.4		561.3		119.7			(144.1		)	538.3
Long-term debt	375.0		1,160.9		—			—			1,535.9
Deferred income taxes	—		229.1		29.7			—			258.8
Other non-current liabilities	—		109.3		5.0			—			114.3
Due to affiliates	1,431.3		340.2		849.4			(2,620.9		)	—
Total Liabilities	1,807.7		2,400.8		1,003.8			(2,765.0		)	2,447.3

Redeemable non-controlling interest	12.6		12.6		—			(12.6		)	12.6

Total Stockholders’ Equity	202.7		1,795.4		(337.8		)	(1,457.6		)	202.7
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ Equity	$	2,023.0	$	4,208.8	$	666.0		$	(4,235.2	)	$	2,662.6

Schedule of supplemental condensed consolidated statements of cash flows

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2015

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(13.5	)	$	10.4		$	(3.3	)	$	—	$	(6.4	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(13.1		)	(2.3		)	—		(15.4		)
Net cash provided by (used in) investing activities	—			(13.1		)	(2.3		)	—		(15.4		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under under long-term debt obligations	—			93.5			4.4			—		97.9
Repayments of borrowings under long-term debt obligations	—			(98.8		)	—			—		(98.8		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	12.6			(1.4		)	(11.2		)			—
Proceeds from exercise of stock options	1.6			—			—			—		1.6
Treasury stock repurchased	(1.1		)	—			—			—		(1.1		)
Other	—			(0.4		)	0.6			—		0.2
Net cash provided by (used in) financing activities	13.1			(7.1		)	(6.2		)	—		(0.2		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			4.5			—		4.5
Decrease in cash and cash equivalents	(0.4		)	(9.8		)	(7.3		)	—		(17.5		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	0.4			25.5			36.6			—		62.5
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	15.7		$	29.3		$	—	$	45.0

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2014

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(10.5	)	$	(14.8	)	$	23.7		$	—	$	(1.6	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	—			(5.5		)	(2.3		)	—		(7.8		)
Other	—			0.9			(1.7		)	—		(0.8		)
Net cash (used in) investing activities	—			(4.6		)	(4.0		)	—		(8.6		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	—			74.5			—			—		74.5
Repayments of borrowings under long-term debt obligations	—			(66.5		)	—			—		(66.5		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	10.1			13.9			(24.0		)	—		—
Proceeds from exercise of stock options	1.7			—			—			—		1.7
Excess tax benefit from stock-based compensation	0.9			—			—			—		0.9
Treasury stock repurchased	(2.2		)				—			—		(2.2		)
Other	—			(0.4		)	0.5			—		0.1
Net cash provided by (used in) financing activities	10.5			21.5			(23.5		)	—		8.5

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			0.4			—		0.4
Increase (decrease) in cash and cash equivalents	—			2.1			(3.4		)	—		(1.3		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			30.9			50.1			—		81.0
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	33.0		$	46.7		$	—	$	79.7

Summary of Significant Accounting Policies - Basis of presentation and description of business (Details)	3 Months Ended
	Mar. 31, 2015 channel
Business Acquisition [Line Items]
Number of products sales channels	2
Comfort Revolution
Business Acquisition [Line Items]
Equity method investment, ownership percentage	45.00%

Summary of Significant Accounting Policies - Inventory, warranty and other (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended	3 Months Ended					3 Months Ended
	Aug. 08, 2011	Mar. 31, 2015	Dec. 31, 2014	Dec. 30, 2013	Dec. 30, 2011	May 11, 2015 H Partners Management LLC Termination of CEO Subsequent Event	Mar. 31, 2015 North America Pillows	Mar. 31, 2015 Non-prorated International Mattresses	Mar. 31, 2015 Prorated Mattresses	Mar. 31, 2015 Minimum North America Mattresses	Mar. 31, 2015 Minimum International Mattresses	Mar. 31, 2015 Minimum Non-prorated North America Mattresses	Mar. 31, 2015 Maximum North America Mattresses	Mar. 31, 2015 Maximum International Mattresses	Mar. 31, 2015 Maximum Non-prorated North America Mattresses	Mar. 31, 2015 Sales Returns	Mar. 31, 2015 Warranty Reserves	Mar. 31, 2015 Comfort Revolution	Mar. 31, 2014 Comfort Revolution	Mar. 31, 2015 Foreign Exchange Forward
Inventory [Abstract]
Finished goods		$ 141.9	$ 134.0
Work-in-process		8.6	11.4
Raw materials and supplies		76.4	71.8
Total		226.9	217.2
Sales returns [Roll Forward]
Beginning balance																32.3
Amounts accrued																28.5
Returns charged to accrual																(29.4)
Ending balance																31.4
Warranty Term [Abstract]
Warranty term (in years)							3 years	5 years	10 years	10 years	5 years	10 years	25 years	15 years	15 years
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance																	31.3
Amounts accrued																	6.5
Warranties charged to accrual																	(6.4)
Ending balance																	31.4
Accrued expenses		16.3	16.1
Other non-current liabilities		15.1	15.2
Revenue Recognition [Abstract]
Allowance for doubtful accounts included in accounts receivable, net		19.7	19.5
Term of interest rate swap (in years)	4 years
Variable interest rate (as a percent)					1.25%
Senior credit facility balance covered under interest rate swap contracts				150.0	250.0
Notional amount																				50.4
Gain on derivative																				2.7
Equity method investment, ownership percentage																		55.00%
Redemption Value as Multiplier of Earnings before Interest Taxes, Depreciation and Amortization																		7.5
Period of EBITDA considered for redemption value (in months)																		12 months
Income attributable to Comfort Revolution, LLC																		0.6	0.3
Redemption value adjustment		1.0
Due to related parties						$ 1.2

Acquisitions and Divestitures (Details) (Japanese Third Party, USD $) In Millions, unless otherwise specified	0 Months Ended
	Jul. 01, 2014
Japanese Third Party
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Acquisition cost	$ 8.5

Goodwill (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014 Sealy	Mar. 31, 2015 North America reporting_unit	Mar. 31, 2015 International reporting_unit	Dec. 31, 2014 Scenario, Previously Reported North America	Dec. 31, 2014 Scenario, Previously Reported International	Dec. 31, 2014 Restatement Adjustment North America	Dec. 31, 2014 Restatement Adjustment International
Goodwill [Line Items]
Number of Reporting Units			3	1
Goodwill [Roll Forward]
Beginning balance	$ 736.5	$ 521.9	$ 574.5	$ 162.0	$ 106.2	$ 108.4	$ 468.3	$ 53.6
Purchase price allocation adjustments from acquisition	(1.4)		0	(1.4)
Foreign currency translation adjustments	(16.8)		(6.0)	(10.8)
Ending balance	$ 718.3	$ 521.9	$ 568.5	$ 149.8	$ 106.2	$ 108.4	$ 468.3	$ 53.6

Debt (Details) (USD $)	3 Months Ended	12 Months Ended
Debt (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Long-term Debt, by Current and Noncurrent [Abstract]
Total debt	$ 1,602,600,000	$ 1,602,300,000
Less: current portion	(70,100,000)	(66,400,000)
Long-term debt	1,532,500,000	1,535,900,000
Senior Notes
Long-term Debt, by Current and Noncurrent [Abstract]
Senior notes	375,000,000	375,000,000
Line of Credit Facility [Abstract]
Stated percentage	6.875%
Sealy notes
Long-term Debt, by Current and Noncurrent [Abstract]
Convertible notes payable	106,000,000	104,700,000
Line of Credit Facility [Abstract]
Stated percentage	8.00%
Capital Lease Obligations
Long-term Debt, by Current and Noncurrent [Abstract]
Capital lease obligations and other	32,100,000	27,700,000
Revolving Credit Facility
Long-term Debt, by Current and Noncurrent [Abstract]
Line of credit	43,000,000	16,000,000
Revolving Credit Facility \| Base Rate
Line of Credit Facility [Abstract]
Index rate or LIBOR plus (in hundredths)	1.75%	2.00%
Revolving Credit Facility \| London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Abstract]
Index rate or LIBOR plus (in hundredths)	2.75%	3.00%
2012 Credit Agreement
Line of Credit Facility [Abstract]
Domestic qualified cash excluded (in hundredths)	100.00%
Foreign qualified cash excluded (in hundredths)	60.00%
Domestic and foreign qualified cash exclusions, maximum	150,000,000.0
Domestic qualified cash	15,700,000
Foreign qualified cash	17,600,000
2012 Credit Agreement \| Term A Facility
Long-term Debt, by Current and Noncurrent [Abstract]
Line of credit	462,500,000	484,500,000
2012 Credit Agreement \| Term A Facility \| London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Abstract]
Index rate or LIBOR plus (in hundredths)	2.00%	2.25%
2012 Credit Agreement \| Term B Facility
Long-term Debt, by Current and Noncurrent [Abstract]
Line of credit	$ 584,000,000	$ 594,400,000
2012 Credit Agreement \| Term B Facility \| London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Abstract]
Index rate or LIBOR plus (in hundredths)	2.75%	2.75%
Interest rate floor	0.75%	0.75%

Unconsolidated Affiliate Companies (Details) (Asia Pacific Joint Ventures, USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Asia Pacific Joint Ventures
Schedule of Equity Method Investments [Line Items]
Percentage of owned subsidiary (as a percent)	50.00%
Investments	$ 14.0	$ 12.9

Fair Value Measurements (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, fair value	$ 401.3	$ 398.4
Stated percentage	6.875%
Sealy notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, fair value	$ 111.8	$ 110.7
Stated percentage	8.00%

Stockholders' Equity (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Capital stock [Abstract]
Common stock shares authorized (in shares)	300,000,000
Common stock par value (USD per share)	$ 0.01
Preferred stock authorized shares (in shares)	10,000
Other comprehensive (loss) income:
Foreign currency translation adjustments	$ (37.6)	$ 0.8
Total other comprehensive income	(36.2)	1.8
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at beginning of period	(54.0)	(15.6)
Other comprehensive (loss) income:
Foreign currency translation adjustments	(37.6)	0.8
Balance at end of period	(91.6)	(14.8)
Interest Rate Swap
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at beginning of period	(0.7)	(1.4)
Other comprehensive (loss) income:
Net change from period revaluations	0.7	0.7
Tax expense	(0.3)	(0.3)
Total other comprehensive income before reclassifications, net of tax	0.4	0.4
Net amount reclassified to earnings	(0.5)	(0.5)
Tax benefit	0.2	0.2
Total amount reclassified from accumulated other comprehensive loss, net of tax	(0.3)	(0.3)
Total other comprehensive income	0.1	0.1
Balance at end of period	(0.6)	(1.3)
Pension Benefits
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at beginning of period	(2.4)	3.2
Other comprehensive (loss) income:
Net change from period revaluations	0	0
Tax expense	0	0
Total other comprehensive income before reclassifications, net of tax	0	0
Net amount reclassified to earnings	0	0
Tax benefit	0	0
Total amount reclassified from accumulated other comprehensive loss, net of tax	0	0
Total other comprehensive income	0	0
Balance at end of period	(2.4)	3.2
Foreign Exchange Forward Contracts
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at beginning of period	1.3	0
Other comprehensive (loss) income:
Net change from period revaluations	3.7	1.7
Tax expense	(1.0)	(0.4)
Total other comprehensive income before reclassifications, net of tax	2.7	1.3
Net amount reclassified to earnings	(1.9)	(0.6)
Tax benefit	0.5	0.2
Total amount reclassified from accumulated other comprehensive loss, net of tax	(1.4)	(0.4)
Total other comprehensive income	1.3	0.9
Balance at end of period	$ 2.6	$ 0.9

Defined Benefit Pension Plans (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]
Non-current portion of benefit liability	$ 14.5	$ 14.9
Non-current benefit asset	$ 0.2	$ 0.3

This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans.

+ References+ Details

Stock-Based Compensation - Components of stock-based compensation expense (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 4.0	$ 4.1
Fair value assumptions and methodology
Expected volatility range of stock, minimum (as a percent)	36.20%	58.30%
Expected volatility range of stock, maximum (as a percent)	36.20%	58.30%
Expected life of option, range in years, minimum	3 years	4 years
Expected life of option, range in years, maximum	5 years	4 years
Risk-free interest range rate, minimum (as a percent)	1.00%	1.10%
Risk-free interest range rate, maximum (as a percent)	1.50%	1.10%
Expected dividend yield on stock, minimum (as a percent)	0.00%	0.60%
Expected dividend yield on stock, maximum (as a percent)	0.00%	0.60%
PRSU expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	2.0	1.1
Option expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1.5	1.7
RSU/DSU expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 0.5	$ 1.3

Stock-Based Compensation - PRSU, RSU and DSU activity and related information (Details) (USD $) Share data in Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Performance-based Restricted Stock Units
Number of Shares
Beginning balance (in shares)	0.28
Granted (in shares)	0.26
Vested (in shares)	0
Forfeited (in shares)	0
Ending balance (in shares)	0.54
Weighted- Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 53.45
Granted (in dollars per share)	$ 57.51
Vested (in dollars per share)	$ 0.00
Forfeited (in dollars per share)	$ 51.87
Ending balance (in dollars per share)	$ 54.59
Ending balance, Aggregate Intrinsic Value	$ 31,000,000
Maximum number of shares to be awarded (in shares)	0.78
Aggregate intrinsic value	0
Performance-based Restricted Stock Units \| Performance period ending December 31, 2017
Weighted- Average Grant Date Fair Value
Award performance period	3 years
Restricted Stock Units And Deferred Stock Units
Number of Shares
Beginning balance (in shares)	0.11
Granted (in shares)	0
Vested (in shares)	(0.06)
Forfeited (in shares)	0
Ending balance (in shares)	0.05
Weighted- Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 50.41
Granted (in dollars per share)	$ 56.01
Vested (in dollars per share)	$ 49.03
Forfeited (in dollars per share)	$ 49.63
Ending balance (in dollars per share)	$ 52.42
Ending balance, Aggregate Intrinsic Value	3,000,000
Restricted Stock Units (RSUs)
Weighted- Average Grant Date Fair Value
Aggregate intrinsic value	$ 3,100,000
Vesting period (in years)	3 years
Deferred Stock Units (DSU)
Number of Shares
Granted (in shares)	0

Stock-Based Compensation - Options (Details) (Stock Options, USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Stock Options
Number of Shares
Beginning Balance (in shares)	2.84
Granted (in shares)	0.42
Exercised (in shares)	(0.05)
Forfeited (in shares)	0
Ending balance (in shares)	3.21
Options exercisable (in shares)	2.63
Weighted- Average Grant Date Fair Value
Beginning balance (dollars per share)	$ 24.18
Granted (dollars per share)	$ 57.51
Forfeited (dollars per share)	$ 32.50
Exercised (dollars per share)	$ 52.00
Ending balance (dollars per share)	$ 28.37
Options exercisable (dollars per share)	$ 22.32
Ending balance weighted average remaining contractual term (in years)	5 years 5 months 27 days
Options exercisable weighted average remaining contractual term (in years)	4 years 6 months 29 days
Ending balance aggregate intrinsic value	$ 86.8
Options exercisable aggregate intrinsic value	93.3
Total intrinsic value of options exercised	$ 1.2

Stock-Based Compensation - Summary of unrecognized stock-based compensation expense (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 20.2
Weighted Average Remaining Vesting Period (Years)	2 years 9 months 18 days
Unrecognized stock option expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	5.6
Weighted Average Remaining Vesting Period (Years)	2 years 10 months 28 days
Unrecognized RSU/DSU expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	0.2
Weighted Average Remaining Vesting Period (Years)	2 years 10 months 21 days
Unrecognized PRSU expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 14.4
Weighted Average Remaining Vesting Period (Years)	2 years 9 months

Commitments and Contingencies - Litigation relating to Merger (Details) (Class Action Lawsuits Relating To Merger, USD $) In Millions, except Per Share data, unless otherwise specified	0 Months Ended		12 Months Ended
	Jun. 27, 2013	Jun. 25, 2012 officer	Dec. 31, 2013	Mar. 13, 2015
Class Action Lawsuits Relating To Merger
Loss Contingencies [Line Items]
Number of defendants		2
Number of shares held by shareholders who sent notices to exercise rights as per Merger Agreement	3.1
Required notice period	120 days
Cash per share price (in dollars per share)				$ 2.20
Cash already received by acquiree			$ 0.6

Commitments and Contingencies - Environmental contingencies (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2015 South Brunswick, New Jersey	Dec. 31, 2012 Oakville, Connecticut
Site Contingency [Line Items]
Accrued expenses associated with remediation project		$ 2.5
Accrual for Environmental Loss Contingencies			$ 0.1
Estimated Litigation Period (in years)	5 years

Condensed Financial Statements, Captions [Line Items]

Carrying value of the obligation (known or estimated) arising from requirements to perform activities to remediate one or more sites, payable after twelve months or beyond the next operating cycle if longer.

+ References+ Details

Income Taxes (Details) In Millions, unless otherwise specified	3 Months Ended			3 Months Ended
	Mar. 31, 2015 USD ($)	Mar. 31, 2014	Dec. 31, 2014 USD ($)	Mar. 31, 2015 Danish tax authority USD ($)	Mar. 31, 2015 Danish tax authority DKK	Dec. 31, 2014 Danish tax authority USD ($)	Dec. 31, 2014 Danish tax authority DKK
Income Tax Examination [Line Items]
Effective income tax provision (as a percent)	29.20%	29.30%
Statutory U.S. federal income tax (as a percent)	35.00%	35.00%
Royalty Rate Assessed on Danish Earnings 9as a percent)				20.00%	20.00%
Cumulative Assessment Amount Including Interest And Penalties				$ 192.3	1,323.6	$ 215.1	1,317.2
Increase in tax liability due to the accrual of additional interest					6.4
Uncertain tax benefits	47.6		47.5
Unrecognized tax benefits that would impact effective tax rate	44.7		44.6
Interest and penalties accrued	$ 10.6		$ 10.3

Major Customers (Details)	3 Months Ended
Major Customers (Details)	Mar. 31, 2015 customer	Mar. 31, 2014 customer
Sales Revenue, Goods, Net
Concentration Risk [Line Items]
Number of customers	1	1
Concentration risk (as a percent) (more than for 10.0%)	10.00%	10.00%
Customer Concentration Risk \| Sales Revenue, Goods, Net
Concentration Risk [Line Items]
Number of customers	5
Concentration risk (as a percent) (more than for 10.0%)	37.00%	31.30%
Credit Concentration Risk \| Accounts Receivable
Concentration Risk [Line Items]
Number of customers	5
Concentration risk (as a percent) (more than for 10.0%)	34.80%	32.00%

Earnings Per Common Share (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Redemption value adjustment	$ 1.0
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$ 23.4	$ 27.4
Denominator:
Denominator for basic earnings per common share-weighted average shares	60.9	60.7
Effect of dilutive securities:
Employee stock-based compensation (in shares)	1.3	1.2
Denominator for diluted earnings per common share-adjusted weighted average shares	62.2	61.9
Basic earnings per common share (in dollars per share)	$ 0.38	$ 0.45
Diluted earnings per common share (in dollars per share)	$ 0.38	$ 0.44
Shares excluded from diluted earnings per common share computation as anti-dilutive (in shares)	0.3	0.3

Segment Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 segment	Mar. 31, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Number of business segments	2
Segment information [Abstract]
Total assets	$ 2,655.1		$ 2,662.6
Total long-lived assets	353.1		355.6
Total net sales	739.5	701.9
Inter-segment sales	739.5	701.9
Gross profit	278.7	269.5
Intercompany royalty expense (income)	0	0
Operating income (expense)	54.4	62.4
Income (loss) before income taxes	35.3	39.2
Depreciation and amortization (including stock-based compensation amortization)	21.8	24.0
Capital expenditures	15.4	7.8
United States
Segment information [Abstract]
Total long-lived assets	292.2		287.3
Total net sales	547.7	504.0
Canada
Segment information [Abstract]
Total long-lived assets	7.2		8.0
Total net sales	46.4	48.6
Other International
Segment information [Abstract]
Total long-lived assets	53.7		60.3
Total net sales	145.4	149.3
Total International
Segment information [Abstract]
Total long-lived assets	60.9		68.3
Total net sales	191.8	197.9
Bedding sales
Segment information [Abstract]
Total net sales	675.7	636.0
Other sales
Segment information [Abstract]
Total net sales	63.8	65.9
North America
Segment information [Abstract]
Total net sales	594.1	552.6
Gross profit	203.1	186.2
Intercompany royalty expense (income)	1.5	1.5
Operating income (expense)	57.9	53.1
Income (loss) before income taxes	56.5	51.5
Depreciation and amortization (including stock-based compensation amortization)	10.6	13.3
Capital expenditures	8.2	4.7
North America \| Bedding sales
Segment information [Abstract]
Total net sales	558.6	517.1
North America \| Other sales
Segment information [Abstract]
Total net sales	35.5	35.5
International
Segment information [Abstract]
Total net sales	145.4	149.3
Gross profit	75.6	83.3
Intercompany royalty expense (income)	(1.5)	(1.5)
Operating income (expense)	25.3	33.5
Income (loss) before income taxes	25.3	31.9
Depreciation and amortization (including stock-based compensation amortization)	4.0	3.6
Capital expenditures	2.1	1.9
International \| Bedding sales
Segment information [Abstract]
Total net sales	117.1	118.9
International \| Other sales
Segment information [Abstract]
Total net sales	28.3	30.4
Corporate
Segment information [Abstract]
Total net sales	0	0
Gross profit	0	0
Intercompany royalty expense (income)	0	0
Operating income (expense)	(28.8)	(24.2)
Income (loss) before income taxes	(46.5)	(44.2)
Depreciation and amortization (including stock-based compensation amortization)	7.2	7.1
Capital expenditures	5.1	1.2
Corporate \| Bedding sales
Segment information [Abstract]
Total net sales	0	0
Corporate \| Other sales
Segment information [Abstract]
Total net sales	0	0
Inter-segment eliminations
Segment information [Abstract]
Total net sales	0	0
Gross profit	0	0
Intercompany royalty expense (income)	0	0
Operating income (expense)	0	0
Income (loss) before income taxes	0	0
Depreciation and amortization (including stock-based compensation amortization)	0	0
Capital expenditures	0	0
Inter-segment eliminations \| Bedding sales
Segment information [Abstract]
Total net sales	0	0
Inter-segment eliminations \| Other sales
Segment information [Abstract]
Total net sales	0	0
Operating Segments
Segment information [Abstract]
Total long-lived assets	353.1		355.6
Operating Segments \| North America
Segment information [Abstract]
Total assets	2,531.7		2,507.4
Total long-lived assets	240.7		240.5
Operating Segments \| International
Segment information [Abstract]
Total assets	477.3		474.3
Total long-lived assets	53.7		60.3
Operating Segments \| Corporate
Segment information [Abstract]
Total assets	673.8		858.5
Total long-lived assets	58.7		54.8
Inter-segment eliminations
Segment information [Abstract]
Total assets	(1,027.7)		(1,177.6)
Inter-segment sales	0	0
Inter-segment eliminations \| North America
Segment information [Abstract]
Inter-segment sales	1.7	0.1
Inter-segment eliminations \| International
Segment information [Abstract]
Inter-segment sales	0.1	0
Inter-segment eliminations \| Corporate
Segment information [Abstract]
Inter-segment sales	0	0
Inter-segment eliminations \| Inter-segment eliminations
Segment information [Abstract]
Inter-segment sales	$ (1.8)	$ (0.1)

Guarantor/Non-Guarantor Financial Information (Details) (USD $)
In Millions, unless otherwise specified

3 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Dec. 31, 2014

Ownership percentage by parent (in hundredths)

100.00%

Supplemental condensed consolidated statements of operations and comprehensive income [Abstract]

$ 739.5

$ 701.9

460.8

432.4

278.7

269.5

153.8

143.0

Equity income in earnings of unconsolidated affiliates

77.7

70.3

(3.0)

(1.7)

(4.2)

(4.5)

54.4

62.4

20.4

22.2

(1.3)

1.0

19.1

23.2

35.3

39.2

(10.3)

(11.5)

Less: net income attributable to non-controlling interest

25.0

27.7

1.6

^[1]

0.3

^[1]

Net income attributable to Tempur Sealy International, Inc.

23.4

27.4

Comprehensive income attributable to Tempur Sealy International, Inc.

(11.2)

29.5

45.0

79.7

390.1

385.8

226.9

217.2

55.9

56.5

53.8

44.4

771.7

766.4

353.1

355.6

718.3

736.5

715.6

727.1

8.7

8.6

87.7

68.4

2,655.1

2,662.6

236.6

226.4

220.0

233.3

0.2

9.2

12.0

70.1

66.4

536.1

538.3

1,532.5

1,535.9

259.9

258.8

117.3

114.3

2,445.8

2,447.3

Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity

194.5

202.7

2,655.1

2,662.6

Supplemental condensed consolidated statements of cash flows [Abstract]

Net cash (used in) provided by operating activities

(6.4)

(1.6)

(15.4)

(7.8)

(0.8)

(15.4)

(8.6)

Proceeds from borrowings under long-term debt obligations

97.9

74.5

Repayments of borrowings under long-term debt obligations

(98.8)

(66.5)

1.6

1.7

0.9

(1.1)

(2.2)

Net cash (used in) provided by financing activities

0.2

0.1

(0.2)

8.5

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

4.5

0.4

(17.5)

(1.3)

62.5

81.0

Supplemental condensed consolidated statements of operations and comprehensive income [Abstract]

45.0

79.7

Tempur Sealy International, Inc. (Ultimate Parent)

0.8

0.5

Equity income in earnings of unconsolidated affiliates

3.6

4.2

(4.4)

(4.7)

6.7

6.8

8.2

8.0

14.9

14.8

14.9

14.8

37.5

40.6

18.2

21.1

6.8

6.6

Less: net income attributable to non-controlling interest

25.0

27.7

1.6

0.3

Net income attributable to Tempur Sealy International, Inc.

23.4

27.4

Comprehensive income attributable to Tempur Sealy International, Inc.

(12.8)

29.2

154.6

144.1

0.9

12.7

12.4

168.2

156.9

6.2

6.3

1,910.4

1,808.4

48.3

51.4

2,133.1

2,023.0

7.8

1.4

7.8

1.4

375.0

1,541.0

1,431.3

1,923.8

1,807.7

14.8

12.6

Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity

194.5

202.7

2,133.1

2,023.0

Supplemental condensed consolidated statements of cash flows [Abstract]

Net cash (used in) provided by operating activities

(13.5)

(10.5)

Proceeds from borrowings under long-term debt obligations

Repayments of borrowings under long-term debt obligations

Net activity in investment in and advances from (to) subsidiaries and affiliates

12.6

10.1

1.6

1.7

0.9

(1.1)

(2.2)

Net cash (used in) provided by financing activities

13.1

10.5

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

(0.4)

0.4

Supplemental condensed consolidated statements of operations and comprehensive income [Abstract]

Combined Guarantor Subsidiaries

558.9

508.3

367.6

340.0

191.3

168.3

105.5

95.5

Equity income in earnings of unconsolidated affiliates

57.6

48.8

(4.2)

(4.5)

32.4

28.5

13.1

15.1

(8.9)

(8.6)

4.2

6.5

(0.1)

(0.2)

4.1

6.3

20.9

28.2

49.2

50.4

(11.7)

(9.8)

Less: net income attributable to non-controlling interest

37.5

40.6

1.6

0.3

Net income attributable to Tempur Sealy International, Inc.

35.9

40.3

Comprehensive income attributable to Tempur Sealy International, Inc.

36.1

40.6

15.7

33.0

244.9

241.2

169.3

158.3

26.0

28.2

36.0

26.8

491.9

480.0

292.2

287.3

501.3

557.2

622.3

611.9

47.9

46.4

2,203.7

2,226.0

4,159.3

4,208.8

185.5

170.4

153.5

166.1

159.3

163.0

60.7

61.8

559.0

561.3

1,157.4

1,160.9

232.6

229.1

110.7

109.3

189.2

340.2

2,248.9

2,400.8

14.8

12.6

Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity

1,895.6

1,795.4

4,159.3

4,208.8

Supplemental condensed consolidated statements of cash flows [Abstract]

Net cash (used in) provided by operating activities

10.4

(14.8)

(13.1)

(5.5)

0.9

(13.1)

(4.6)

Proceeds from borrowings under long-term debt obligations

93.5

74.5

Repayments of borrowings under long-term debt obligations

(98.8)

(66.5)

Net activity in investment in and advances from (to) subsidiaries and affiliates

(1.4)

13.9

Net cash (used in) provided by financing activities

(0.4)

(7.1)

21.5

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

(9.8)

2.1

25.5

30.9

Supplemental condensed consolidated statements of operations and comprehensive income [Abstract]

15.7

33.0

Combined Non-Guarantor Subsidiaries

192.9

197.9

105.5

96.7

87.4

101.2

47.5

47.0

Equity income in earnings of unconsolidated affiliates

16.5

17.3

(3.0)

(1.7)

26.4

38.6

0.6

0.3

0.7

0.6

1.3

0.9

(1.2)

1.2

0.1

2.1

26.3

36.5

(5.4)

(8.3)

Less: net income attributable to non-controlling interest

20.9

28.2

Net income attributable to Tempur Sealy International, Inc.

20.9

28.2

Comprehensive income attributable to Tempur Sealy International, Inc.

(18.3)

29.8

29.3

46.7

145.2

144.6

57.6

58.9

29.0

28.3

5.1

5.2

266.2

273.6

60.9

68.3

217.0

179.3

93.3

115.2

8.7

8.6

33.6

15.7

5.7

5.3

685.4

666.0

51.1

56.0

58.7

65.8

0.2

4.5

(6.9)

9.4

4.6

123.9

119.7

0.1

27.3

29.7

6.6

5.0

715.0

849.4

872.9

1,003.8

Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity

(187.5)

(337.8)

685.4

666.0

Supplemental condensed consolidated statements of cash flows [Abstract]

Net cash (used in) provided by operating activities

(3.3)

23.7

(2.3)

(1.7)

(2.3)

(4.0)

Proceeds from borrowings under long-term debt obligations

4.4

Repayments of borrowings under long-term debt obligations

Net activity in investment in and advances from (to) subsidiaries and affiliates

(11.2)

(24.0)

Net cash (used in) provided by financing activities

0.6

0.5

(6.2)

(23.5)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

4.5

0.4

(7.3)

(3.4)

36.6

50.1

Supplemental condensed consolidated statements of operations and comprehensive income [Abstract]

29.3

46.7

Eliminations

(12.3)

(4.3)

(12.3)

(4.3)

Equity income in earnings of unconsolidated affiliates

(58.4)

(68.8)

(58.4)

(68.8)

Less: net income attributable to non-controlling interest

(58.4)

(68.8)

(1.6)

(0.3)

Net income attributable to Tempur Sealy International, Inc.

(56.8)

(68.5)

Comprehensive income attributable to Tempur Sealy International, Inc.

(17.8)

(70.4)

(154.6)

(144.1)

(154.6)

(144.1)

(1,910.4)

(1,808.4)

(2,257.7)

(2,282.7)

(4,322.7)

(4,235.2)

(154.6)

(144.1)

(154.6)

(144.1)

(2,445.2)

(2,620.9)

(2,599.8)

(2,765.0)

(14.8)

(12.6)

Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity

(1,708.1)

(1,457.6)

(4,322.7)

(4,235.2)

Supplemental condensed consolidated statements of cash flows [Abstract]

Net cash (used in) provided by operating activities

Proceeds from borrowings under long-term debt obligations

Repayments of borrowings under long-term debt obligations

Net activity in investment in and advances from (to) subsidiaries and affiliates

Net cash (used in) provided by financing activities

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

Supplemental condensed consolidated statements of operations and comprehensive income [Abstract]

Consolidated

739.5

701.9

460.8

432.4

278.7

269.5

153.8

143.0

Equity income in earnings of unconsolidated affiliates

77.7

70.3

(3.0)

(1.7)

(4.2)

(4.5)

54.4

62.4

20.4

22.2

20.4

22.2

(1.3)

1.0

19.1

23.2

35.3

39.2

(10.3)

(11.5)

Less: net income attributable to non-controlling interest

25.0

27.7

1.6

0.3

Net income attributable to Tempur Sealy International, Inc.

23.4

27.4

Comprehensive income attributable to Tempur Sealy International, Inc.

(12.8)

29.2

45.0

79.7

390.1

385.8

226.9

217.2

55.9

56.5

53.8

44.4

771.7

766.4

353.1

355.6

718.3

736.5

715.6

727.1

8.7

8.6

87.7

68.4

2,655.1

2,662.6

236.6

226.4

220.0

233.3

0.2

9.2

12.0

70.1

66.4

536.1

538.3

1,532.5

1,535.9

259.9

258.8

117.3

114.3

2,445.8

2,447.3

14.8

12.6

Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity

194.5

202.7

2,655.1

2,662.6

Supplemental condensed consolidated statements of cash flows [Abstract]

Net cash (used in) provided by operating activities

(6.4)

(1.6)

(15.4)

(7.8)

(0.8)

(15.4)

(8.6)

Proceeds from borrowings under long-term debt obligations

97.9

74.5

Repayments of borrowings under long-term debt obligations

(98.8)

(66.5)

Net activity in investment in and advances from (to) subsidiaries and affiliates

1.6

1.7

0.9

(1.1)

(2.2)

Net cash (used in) provided by financing activities

0.2

0.1

(0.2)

8.5

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

4.5

0.4

(17.5)

(1.3)

62.5

81.0