Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2017	Feb. 26, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	TEMPUR SEALY INTERNATIONAL, INC.
Entity Central Index Key	0001206264
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 2,453,261,637
Entity Common Stock, Shares Outstanding		54,324,879
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended									12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Net sales	$ 648.2	$ 724.8	$ 659.3	$ 722.1	$ 771.1	$ 832.4	$ 804.4	$ 721.0	$ 3,154.6	$ 2,754.4	$ 3,128.9	$ 3,154.6
Cost of sales									1,905.4	1,613.7	1,821.4	1,905.4
Gross profit	273.3	312.2	268.6	286.6	317.5	362.1	336.9	291.0	1,249.2	1,140.7	1,307.5	1,249.2
Selling and marketing expenses									648.0	601.3	648.5	648.0
General, administrative and other expenses									324.9	273.0	281.4	324.9
Customer termination charges, net										14.4	0.0	0.0
Equity income in earnings of unconsolidated affiliates									(11.9)	(15.6)	(13.3)	(11.9)
Royalty income, net of royalty expense									(18.3)	(20.8)	(19.5)	(18.3)
Operating (loss) income	77.7	94.6	56.6	59.5	102.4	131.1	100.2	76.7	306.5	288.4	410.4	306.5
Other expense, net:
Interest expense, net									102.5	108.0	91.6	102.5
Loss on extinguishment of debt							47.2		0.0	0.0	47.2	0.0
Other (income) expense, net									12.9	(8.0)	(0.2)	12.9
Total other expense, net									115.4	100.0	138.6	115.4
Income before income taxes									191.1	188.4	271.8	191.1
Income tax provision									(125.4)	(47.7)	(86.8)	(125.4)
Net income before non-controlling interests									65.7	140.7	185.0	65.7
Less: Net income attributable to non-controlling interests									1.2	(10.7)	(5.6)	1.2
Net income attributable to Tempur Sealy International, Inc.	$ 48.4	$ 44.6	$ 24.5	$ 33.9	$ 51.9	$ 77.8	$ 21.3	$ 39.6	$ 64.5	$ 151.4	$ 190.6	$ 64.5
Earnings per common share:
Basic (in dollars per share)	$ 0.89	$ 0.83	$ 0.45	$ 0.63	$ 0.93	$ 1.34	$ 0.35	$ 0.64	$ 1.05	$ 2.80	$ 3.23	$ 1.05
Diluted (in dollars per share)	$ 0.88	$ 0.81	$ 0.45	$ 0.62	$ 0.92	$ 1.32	$ 0.35	$ 0.63	$ 1.03	$ 2.77	$ 3.19	$ 1.03
Weighted average common shares outstanding:
Basic (in shares)										54.0	59.0	61.7
Diluted (in shares)										54.7	59.8	62.6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement of Comprehensive Income [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 140.7	$ 185.0	$ 65.7
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	29.1	(0.3)	(52.7)
Net change in unrecognized gain on interest rate swap, net of tax	0.0	0.0	0.7
Net change in pension benefits, net of tax	(0.5)	(0.8)	1.0
Unrealized (loss) income on cash flow hedging derivatives, net of tax	(0.6)	(6.0)	5.3
Other comprehensive income (loss), net of tax	28.0	(7.1)	(45.7)
Comprehensive income	168.7	177.9	20.0
Less: Comprehensive (loss) income attributable to non-controlling interests	(10.7)	(5.6)	1.2
Comprehensive income attributable to Tempur Sealy International, Inc.	$ 179.4	$ 183.5	$ 18.8

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 41.9	$ 65.7
Accounts receivable, net	317.7	341.6
Inventories	183.0	196.5
Prepaid expenses and other current assets	64.8	63.9
Total Current Assets	607.4	667.7
Property, plant and equipment, net	435.1	422.2
Goodwill	733.1	722.5
Other intangible assets, net	667.4	678.7
Deferred income taxes	23.6	22.5
Other non-current assets	227.4	185.2
Total Assets	2,694.0	2,698.8
Current Liabilities:
Accounts payable	241.2	235.0
Accrued expenses and other current liabilities	234.2	250.0
Income taxes payable	29.1	5.8
Current portion of long-term debt	72.4	70.3
Total Current Liabilities	576.9	561.1
Long-term debt, net	1,680.7	1,817.8
Deferred income taxes	114.3	174.6
Other non-current liabilities	207.4	179.6
Total Liabilities	2,579.3	2,733.1
Redeemable non-controlling interest	2.2	7.6
Stockholders' Equity (Deficit):
Common stock, $0.01 par value, 300.0 million shares authorized; 99.2 million shares issued as of December 31, 2017 and 2016	1.0	1.0
Additional paid in capital	508.0	492.8
Retained earnings	1,416.2	1,264.8
Accumulated other comprehensive loss	(75.5)	(103.5)
Treasury stock at cost; 45.0 million and 44.8 million shares as of December 31, 2017 and 2016, respectively	(1,737.2)	(1,700.0)
Total stockholders' equity (deficit), net of non-controlling interests in subsidiaries	112.5	(44.9)
Non-controlling interest in subsidiaries	0.0	3.0
Total Stockholders' Equity (Deficit)	112.5	(41.9)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity (Deficit)	$ 2,694.0	$ 2,698.8

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Stockholders' Equity:
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	99,200,000	99,200,000
Treasury stock, shares (in shares)	45,000,000	44,800,000

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) shares in Millions, $ in Millions	Total	Redeemable non-controlling interest	Common Stock	Treasury Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
Balance at beginning of period at Dec. 31, 2014		$ 12.6
Balance at beginning of period (in shares) at Dec. 31, 2014			99.2	38.3
Balance at beginning of period at Dec. 31, 2014	$ 180.6	0.0	$ 1.0	$ (1,191.3)	$ 411.9	$ 1,009.7	$ (50.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	64.5					64.5
Net income (loss) attributable to noncontrolling interests		1.2
Distributions paid to non-controlling interest		(1.4)
Adjustment to pension liability, net of tax	1.0						1.0
Derivative instruments accounted for as hedges, net of tax	6.0						6.0
Foreign currency adjustments	(52.7)						(52.7)
Exercise of stock options (in shares)				(1.3)
Exercise of stock options	20.4			$ 16.5	3.9
Treasury shares issued to CEO (in shares)				(0.1)
Treasury stock issued to CEO	5.0			$ 0.9	4.1
Issuances of PRSUs, RSUs and DSUs (shares)				(0.1)
Issuances of PRSUs, RSUs, and DSUs				$ 0.8	(0.8)
Tax adjustments related to stock compensation	21.8				21.8
Treasury stock repurchased	(1.3)			$ (1.3)
Amortization of unearned stock-based compensation	22.5				22.5
Balance at end of period at Dec. 31, 2015		12.4
Balance at end of period (in shares) at Dec. 31, 2015			99.2	36.8
Balance at ending of period at Dec. 31, 2015	267.8	0.0	$ 1.0	$ (1,174.4)	463.4	1,074.2	(96.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	190.6					190.6
Net income (loss) attributable to noncontrolling interests		(4.8)
Net loss attributable to non-controlling interests	(0.8)	(0.8)
Acquisition of non-controlling interest in subsidiary	3.8	3.8
Adjustment to pension liability, net of tax	(0.8)						(0.8)
Derivative instruments accounted for as hedges, net of tax	(6.0)						(6.0)
Foreign currency adjustments	(0.3)						(0.3)
Exercise of stock options (in shares)				(0.6)
Exercise of stock options	15.7			$ 7.9	7.8
Issuances of PRSUs, RSUs and DSUs (shares)				(0.1)
Issuances of PRSUs, RSUs, and DSUs	(0.1)			$ 1.5	(1.6)
Tax adjustments related to stock compensation	7.0				7.0
Treasury stock repurchased (in shares)				8.7
Treasury stock repurchased	(533.0)			$ (533.0)
Treasury stock repurchased - PRSU/RSU/DSU releases	(2.0)			$ (2.0)
Amortization of unearned stock-based compensation	16.2				16.2
Balance at end of period at Dec. 31, 2016		7.6
Balance at end of period (in shares) at Dec. 31, 2016			99.2	44.8
Balance at ending of period at Dec. 31, 2016	(41.9)	3.0	$ 1.0	$ (1,700.0)	492.8	1,264.8	(103.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	151.4					151.4
Net income (loss) attributable to noncontrolling interests		(5.4)
Net loss attributable to non-controlling interests	(5.3)	(5.3)
Acquisition of non-controlling interest in subsidiary	(0.9)	2.3			(3.2)
Adjustment to pension liability, net of tax	(0.5)						(0.5)
Derivative instruments accounted for as hedges, net of tax	(0.6)						(0.6)
Foreign currency adjustments	29.1						29.1
Exercise of stock options (in shares)				0.3
Exercise of stock options	12.8			$ 4.5	8.3
Issuances of PRSUs, RSUs and DSUs (shares)				0.2
Issuances of PRSUs, RSUs, and DSUs				$ 3.2	(3.2)
Treasury stock repurchased (in shares)				0.6
Treasury stock repurchased	(40.1)			$ (40.1)
Treasury stock repurchased - PRSU/RSU/DSU releases	(4.8)			$ (4.8)
Treasury stock repurchased - PRSU/RSU/DSU releases (in shares)				0.1
Amortization of unearned stock-based compensation	13.3				13.3
Balance at end of period at Dec. 31, 2017		2.2
Balance at end of period (in shares) at Dec. 31, 2017			99.2	45.0
Balance at ending of period at Dec. 31, 2017	$ 112.5	$ 0.0	$ 1.0	$ (1,737.2)	$ 508.0	$ 1,416.2	$ (75.5)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Statement of Stockholders' Equity [Abstract]
Adjustment to pension liability, tax	$ (0.3)	$ 0.5	$ (0.5)
Derivative instruments accounted for as hedges, tax	$ (2.4)	$ (0.1)	$ (2.2)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before non-controlling interests	$ 65.7	$ 140.7	$ 185.0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	71.4	81.3	73.3
Amortization of stock-based compensation	22.5	13.3	16.2
Amortization of deferred financing costs	20.3	2.2	3.5
Bad debt expense	6.9	10.4	4.6
Deferred income taxes	(21.3)	(60.2)	(31.1)
Dividends received from unconsolidated affiliates	9.1	11.3	10.8
Equity income in earnings of unconsolidated affiliates	(11.9)	(15.6)	(13.3)
Non-cash interest expense on 8.0% Sealy Notes	6.3	0.0	4.0
Loss on extinguishment of debt	0.0	0.0	47.2
Loss on sale of assets	1.5	0.3	1.3
Foreign currency adjustments and other	5.5	(3.2)	(0.5)
Changes in operating assets and liabilities, net of effect of business acquisitions:
Accounts receivable	(38.4)	22.3	17.6
Inventories	10.7	17.1	1.8
Prepaid expenses and other assets	(58.7)	(16.2)	(124.4)
Accounts payable	52.8	(1.6)	(40.6)
Accrued expenses and other	95.7	(4.1)	6.8
Income taxes	(3.9)	24.9	3.3
Net cash provided by operating activities	234.2	222.9	165.5
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from disposition of business	7.2	0.0	0.0
Purchases of property, plant and equipment	(65.9)	(67.0)	(62.4)
Proceeds from sale of property, plant and equipment	0.0	4.9	0.2
Other	(1.0)	0.0	(0.2)
Net cash used in investing activities	(59.7)	(62.1)	(62.4)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	863.5	1,332.9	2,233.3
Repayments of borrowings under long-term debt obligations	(988.3)	(1,471.5)	(1,867.7)
Proceeds from exercise of stock options	20.4	12.8	15.7
Excess tax benefit from stock-based compensation	21.8	0.0	7.0
Treasury stock repurchased	(1.3)	(44.9)	(535.0)
Payment of deferred financing costs	(8.0)	(0.5)	(6.9)
Fees paid to lenders	0.0	0.0	(7.8)
Call premium on 2020 Senior Notes	0.0	0.0	(23.6)
Proceeds from purchase of treasury shares by CEO	5.0	0.0	0.0
Other	(3.8)	(4.0)	(0.1)
Net cash used in financing activities	(90.7)	(175.2)	(185.1)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	7.6	(9.4)	(6.2)
(Decrease) increase in cash and cash equivalents	91.4	(23.8)	(88.2)
CASH AND CASH EQUIVALENTS, beginning of period		65.7	153.9
CASH AND CASH EQUIVALENTS, end of period	153.9	41.9	65.7
Cash paid during the period for:
Interest	66.5	106.3	83.2
Income taxes, net of refunds	$ 94.9	$ 81.2	$ 81.3

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

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

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

(b) Basis of Consolidation. The accompanying financial statements include the accounts of Tempur Sealy International and its controlled subsidiaries and the results of Comfort Revolution, LLC ("Comfort Revolution"). Intercompany balances and transactions have been eliminated.

Comfort Revolution is 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 Company is party to put and call arrangements with respect to the common securities that represent the 55.0% non-controlling interest in Comfort Revolution not owned by the Company. The operations of Comfort Revolution are not material to the Company’s 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 equity in the net income and losses of these investments is reported in equity income in earnings of unconsolidated affiliates in the accompanying Consolidated Statements of Income. The Company’s Asia-Pacific joint ventures are more fully described in Note 6, "Unconsolidated Affiliate Companies."

(c) Use of Estimates. The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The Company’s results are affected by economic, political, legislative, regulatory and legal actions. Economic conditions, such as recessionary trends, inflation, interest and monetary exchange rates, government fiscal policies and changes in the prices of raw materials, can have a significant effect on operations.

(d) Fair Value Measurements. The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the Consolidated Financial Statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk.

The Company estimates fair value of its financial instruments utilizing an established three-level hierarchy. The hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date as follows:


•	Level 1 – Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets.


•	Level 2 – Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instruments.


•	Level 3 – Valuation is based upon other unobservable inputs that are significant to the 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 measurements. There were no transfers between levels for the years ended December 31, 2017 or 2016. 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. The fair value of the Company's financial instruments that are recorded on a recurring basis at fair value is not material.

(e) Foreign Currency. Assets and liabilities of non-U.S. subsidiaries, whose functional currency is the local currency, are translated into U.S. dollars at period-end exchange rates. Income and expense items are translated at the average rates of exchange prevailing during the period. The adjustments resulting from translating the financial statements of foreign subsidiaries are included in accumulated other comprehensive loss (“AOCL”), a component of stockholders’ equity/(deficit), and included in net earnings only upon sale or liquidation of the underlying foreign subsidiary or affiliated company. Foreign currency transaction gains and losses are recognized in net earnings based on differences between foreign exchange rates on the transaction date and on the settlement date. These amounts are not considered material to the Consolidated Financial Statements.

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

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

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

The Company manages a portion of the risk associated with fluctuations in foreign currencies related to intercompany and third party inventory purchases denominated in foreign currencies through foreign exchange forward contracts designated as cash flow hedges. During 2017, the Company had foreign exchange forward contracts designated as cash flow hedges to buy U.S. dollars and to sell Canadian dollars. These foreign exchange forward contracts matured in September 2017. The forward exchange contract asset and liability as of December 31, 2016 and 2015 were based on Level 2 inputs and were not material in either period.

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

(g) Cash and Cash Equivalents. Cash and cash equivalents consist of all highly liquid investments with initial maturities of three months or less. The carrying value of cash and cash equivalents approximates fair value because of the short-term maturity of those instruments.

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



	December 31,
(in millions)	2017		2016
Finished goods	$	121.8	$	130.1
Work-in-process	11.5		10.7
Raw materials and supplies	49.7		55.7
	$	183.0	$	196.5

(i) Property, Plant and Equipment. Property, plant and equipment are carried at cost at acquisition date and are depreciated using the straight-line method over their estimated useful lives as follows:



	Estimated Useful Lives (in years)
Buildings	25-30
Computer equipment and software	3-5
Leasehold improvements	4-7
Machinery and equipment	3-7
Office furniture and fixtures	5-7

The Company records depreciation and amortization in cost of sales for long-lived assets used in the manufacturing process, and within each line item of operating expenses for all other long-lived assets. Leasehold improvements are amortized over the shorter of the life of the lease or seven years. Assets under capital lease are included within property, plant and equipment and represent non-cash investing activities.

Property, plant and equipment, net consisted of the following:



	December 31,
(in millions)	2017			2016
Machinery and equipment	$	315.0		$	283.9
Land and buildings	316.2			302.6
Computer equipment and software	114.0			97.2
Furniture and fixtures	57.4			50.4
Construction in progress	63.2			52.9
Total property, plant, and equipment	865.8			787.0
Accumulated depreciation	(430.7		)	(364.8		)
Total property, plant and equipment, net	$	435.1		$	422.2

Depreciation expense, which includes depreciation expense for capital lease assets, for the Company was $65.3 million, $56.1 million and $53.5 million for the years ended December 31, 2017, 2016 and 2015, respectively.

(j) Long-Lived Assets. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets is assessed by a comparison of the carrying amount of the asset to the estimated future undiscounted net cash flows expected to be generated by the asset or group of assets. If estimated future undiscounted net cash flows are less than the carrying amount of the asset or group of assets, the asset is considered impaired and an expense is recorded in an amount required to reduce the carrying amount of the asset to its then fair value. Fair value generally is determined from estimated discounted future net cash flows (for assets held for use) or net realizable value (for assets held for sale). The Company did not identify any impairments for the years ended December 31, 2017, 2016 and 2015.

(k) Goodwill and Other Intangible Assets. Intangible assets with finite useful lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed for impairment whenever events or changes in circumstances indicate impairment may have occurred. The Company performs an annual impairment test on goodwill and indefinite-lived intangible assets on October 1 of each year and whenever events or circumstances make it more likely than not that impairment may have occurred. In conducting the impairment test for the North America and International reporting units, the fair value of each of the Company's reporting units is compared to its respective carrying amount including goodwill. If the fair value exceeds the carrying amount, then no impairment exists. If the carrying amount exceeds the fair value, further analysis is performed to assess impairment. The Company’s determination of fair value of the reporting units is based on a discounted cash flow approach, with an appropriate risk-adjusted discount rate, and a market approach. Any identified impairment would result in an adjustment to the Company’s results of operations.

The Company also tests its indefinite-lived intangible assets, principally the Tempur and Sealy trade names. The Company tested both trade names for impairment using a “relief-from-royalty” method. Significant assumptions inherent in the methodologies are employed and include such estimates as royalty and discount rates.

The Company performed its annual impairment test of goodwill and indefinite-lived intangible assets in 2017, 2016 and 2015, and an interim impairment test for its North America reporting unit in March 2017, none of which resulted in the recognition of impairment charges. The most recent annual impairment tests performed as of October 1, 2017, indicated that the fair values of each of the Company's reporting units and indefinite-lived intangible assets were substantially in excess of their carrying values. For further information on goodwill and other intangible assets, refer to Note 5, “Goodwill and Other Intangible Assets.”

(l) 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. The Company considers the impact of recoverable salvage value on sales returns by segment in determining its estimate of future sales returns.

The Company had the following activity for accrued sales returns from December 31, 2015 to December 31, 2017:



(in millions)
Balance as of December 31, 2015	$	28.5
Amounts accrued	130.6
Returns charged to accrual	(128.8		)
Balance as of December 31, 2016	$	30.3
Amounts accrued	102.1
Returns charged to accrual	(102.4		)
Balance as of December 31, 2017	$	30.0

As of December 31, 2017 and 2016, $19.6 million and $20.0 million of accrued sales returns is included as a component of accrued expenses and other current liabilities and $10.4 million and $10.3 million of accrued sales returns is included in other non-current liabilities on the Company’s accompanying Consolidated Balance Sheets, respectively.

(m) Warranties. The Company provides warranties on certain products, which vary based 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 by segment 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 3 years, non-prorated.

The Company had the following activity for warranties from December 31, 2015 to December 31, 2017:



(in millions)
Balance as of December 31, 2015	$	29.6
Amounts accrued	50.0
Warranties charged to accrual	(49.7		)
Balance as of December 31, 2016	$	29.9
Amounts accrued	50.3
Warranties charged to accrual	(43.5		)
Balance as of December 31, 2017	$	36.7

As of December 31, 2017 and 2016, $16.7 million and $14.3 million of accrued warranty expense is included as a component of accrued expenses and other current liabilities and $20.0 million and $15.6 million of accrued warranty expense is included in other non-current liabilities on the Company’s accompanying Consolidated Balance Sheets, respectively.

(n) 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. The deferred tax assets and liabilities have been re-valued pursuant to the U.S. Tax Reform Act as discussed in Note 13 - Income Taxes. 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.

(o) 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 existing accounts receivable. The Company regularly reviews the adequacy of its allowance for doubtful accounts. The Company determines the allowance for doubtful accounts 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 Consolidated Balance Sheets was $27.4 million and $22.4 million as of December 31, 2017 and 2016, respectively.

The Company reflects all amounts billed to customers for shipping and handling in net sales and the costs incurred from shipping and handling product in cost of sales. Amounts included in net sales for shipping and handling were $11.3 million, $11.7 million and $11.1 million for the years ended December 31, 2017, 2016 and 2015, respectively. Amounts included in cost of sales for shipping and handling were $159.3 million, $155.1 million and $161.6 million for the years ended December 31, 2017, 2016 and 2015, respectively.

(p) Cost of Sales. Costs associated with net sales are recorded in cost of sales. Cost of sales includes the costs of receiving, producing, inspecting, warehousing, insuring, and shipping goods during the period, as well as depreciation and amortization of long-lived assets used in these processes. Cost of sales also includes shipping and handling costs associated with the delivery of goods to customers and costs associated with internal transfers between plant locations.

(q) Cooperative Advertising, Rebate and Other Promotional Programs. The Company enters into programs 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 programs. 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 programs on a customer-by-customer basis. Some of these agreements extend over several years. Significant estimates are required at any point in time with regard to the ultimate reimbursement to be claimed by the customers. Subsequent revisions to the 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 in the accompanying Consolidated Statements of Income. Certain cooperative advertising expenses are reported as components of selling and marketing expenses in the accompanying Consolidated Statements of Income because the Company receives an identifiable benefit and the fair value of the advertising benefit can be reasonably estimated.

(r) Advertising Costs. The Company expenses advertising costs as incurred except for production costs and advance payments, which are deferred and expensed when advertisements run for the first time. Direct response advance payments are deferred and amortized over the life of the program. Advertising costs are included in selling and marketing expenses in the accompanying Consolidated Statements of Income. Advertising costs charged to expense were $284.1 million, $352.7 million and $360.5 million for the years ended December 31, 2017, 2016 and 2015, respectively. Advertising costs include expenditures for shared advertising costs that the Company reimburses to customers under its integrated and cooperative advertising programs. Cooperative advertising costs paid to customers are recorded as a component of selling and marketing expenses within the Consolidated Statements of Income to the extent of the estimated fair value of the customer's underlying advertisement when the customer provides proof of advertising. The Company periodically assesses the liabilities recorded for cooperative advertising based on actual sales and claims to determine whether all of the cooperative advertising earned will be used by the customer. Advertising costs deferred and included in prepaid expenses and other current assets in the accompanying Consolidated Balance Sheets were $3.8 million and $7.4 million as of December 31, 2017 and 2016, respectively.

(s) Research and Development Expenses. Research and development expenses for new products are expensed as they are incurred and are included in general, administrative and other expenses in the accompanying Consolidated Statements of Income. Research and development costs charged to expense were $21.7 million, $26.7 million and $28.7 million for the years ended December 31, 2017, 2016 and 2015, respectively.

(t) Royalty Income and Expense. The Company recognizes royalty income based on sales of Sealy® and Stearns & Foster® branded products by various licensees. The Company also pays royalties to other entities for the use of their names on products produced by the Company. Royalty income, net of royalty expense, was $20.8 million, $19.5 million and $18.3 million for the years ended December 31, 2017, 2016 and 2015, respectively.

(u) Stock-based Compensation. The Company accounts for stock-based payment transactions in which the Company receives employee services in exchange for equity instruments of the Company. Stock-based compensation cost for restricted stock units (“RSUs”), performance restricted stock units (“PRSUs”) and deferred stock units (“DSUs”) is measured based on the closing fair market value of the Company’s common stock on the date of grant. Stock-based compensation cost for stock options is estimated at the grant date based on each option’s fair value as calculated by the Black-Scholes option-pricing model. The Company recognizes stock-based compensation cost as expense for awards other than its PRSUs ratably on a straight-line basis over the requisite service period. The Company recognizes stock-based compensation cost associated with its PRSUs over the requisite service period if it is probable that the performance conditions will be satisfied. Further information regarding stock-based compensation can be found in Note 11, “Stock-based Compensation.”

(v) Treasury Stock. Subject to Delaware law, and the limitations in the Company's 2016 Credit Agreement (as defined in Note 7, "Debt") and the Company's other debt agreements, the Board of Directors may authorize share repurchases of the Company’s common stock (“Stock Repurchase Authorizations”). Purchases made pursuant to Stock Repurchase Authorizations may be carried out through open market transactions, negotiated purchases or otherwise, at times and in such amounts as the Company deems appropriate. Stock repurchased under Stock Repurchase Authorizations is held in treasury for general corporate purposes, including issuances under various employee stock-based award plans. On February 1, 2016, the Board of Directors authorized a stock repurchase program pursuant to which the Company was authorized to repurchase shares of Tempur Sealy International's common stock. For the year ended December 31, 2017, the Company repurchased 0.6 million shares for approximately $40.1 million under the share repurchase authorization. As of December 31, 2017, the Company had approximately $226.9 million remaining under the existing share repurchase authorization.

In addition, the Company acquired 0.1 million and 0.0 million shares upon the vesting of certain PRSUs, which were withheld to satisfy tax withholding obligations during the year ended December 31, 2017 and 2016, respectively. The shares withheld were valued at the closing price of the common stock on the New York Stock Exchange on the vesting date or last business day prior to the vesting date, resulting in approximately $4.8 million and $2.0 million in treasury stock acquired during the year ended December 31, 2017 and 2016, respectively.

Treasury stock is accounted for under the cost method and reported as a reduction of stockholders’ equity/(deficit). Stock Repurchase Authorizations may be suspended, limited or terminated at any time without notice.

(w) Self-Insurance. The Company is self-insured up to $0.8 million per claim per year for certain losses related to medical claims with excess loss coverage. The Company also utilizes large deductible policies to insure claims related to general liability, product liability, automobile, and workers’ compensation. The Company’s recorded liability for workers’ compensation represents an estimate of the ultimate cost of claims incurred as of the Consolidated Balance Sheet date. The estimated workers' compensation liability is undiscounted and is established based upon analysis of historical and actuarial estimates, and is reviewed by the Company and third party actuaries on a quarterly basis to ensure that the liability is appropriate. As of December 31, 2017 and 2016, $4.8 million and $8.6 million, respectively, of the recorded undiscounted liability is included in accrued expenses and other current liabilities and $15.9 million and $12.3 million, respectively, is included in other non-current liabilities within the accompanying Consolidated Balance Sheets. During 2016, the Company entered into a retroactive insurance policy to limit exposure on historical worker's compensation claims. As of December 31, 2017 and 2016, $2.4 million and $0.0 million, respectively, are included in prepaid expenses and other current assets and $7.6 million and $14.2 million, respectively, are included in other non-current assets within the accompanying Consolidated Balance Sheets, which together represent the value of expected recoveries related to the underlying insured events. The related liabilities for the Company's worker's compensation exposure are included in other non-current liabilities within the accompanying Consolidated Balance Sheets.

(x) Pension Obligations. The Company has a noncontributory, defined benefit pension plan covering current and former hourly employees at two of its active Sealy plants and ten previously closed Sealy U.S. facilities. Sealy Canada, Ltd. (a 100.0% owned subsidiary of the Company) also sponsors a noncontributory, defined benefit pension plan covering hourly employees at one of its facilities. Both plans provide retirement and survivorship benefits based on the employees' credited years of service. The Company's funding policy provides for contributions of an amount between the minimum required and maximum amount that can be deducted for federal income tax purposes. The funded status is measured as the difference between the fair value of plan assets and the benefit obligation at December 31, the measurement date. The benefit obligation is the projected benefit obligation (“PBO”). The PBO represents the actuarial present value of benefits expected to be paid upon retirement based on estimated future compensation levels. The measurement of the PBO is based on the Company’s estimates and actuarial valuations. The fair value of plan assets represents the current market value of assets held by an irrevocable trust fund for the sole benefit of participants. These valuations reflect the terms of the plans and use participant-specific information such as compensation, age and years of service, as well as certain assumptions that require significant judgment, including estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates.

(y) Restructuring Activities. For the year ended December 31, 2016, the Company initiated certain restructuring activities, which included headcount reductions and store closures. As a result, the Company recognized $8.3 million of restructuring expenses consisting primarily of severance benefits and costs associated with store closures, which are recorded in cost of sales, selling and marketing expenses, and general, administrative and other expenses.

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

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

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

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

Revisions of Previously-Issued Financial Statements

12 Months Ended

Dec. 31, 2017

Accounting Changes and Error Corrections [Abstract]

Revisions of Previously-Issued Financial Statements

During the fourth quarter of 2017, the Company identified accounting and operational irregularities associated with a Latin American subsidiary. These errors were immaterial to each of the prior reporting periods affected. However, the Company concluded that the cumulative effect of correcting the errors in 2017 would materially misstate the Company’s Consolidated Statement of Income for the year ended December 31, 2017. Accordingly, the prior period results have been revised.

The cumulative impact for both Income before income taxes and Net income attributable to Tempur Sealy International, Inc. for the periods prior to January 1, 2015 is $27.2 million and is reflected in beginning retained earnings for January 1, 2015.

The table below illustrates the effect of the corrections on the Company's consolidated financial statements for the periods presented.



	Year Ended December 31, 2016									Year Ended December 31, 2015
	Previously Reported			Correction			As Revised			Previously Reported			Correction			As Revised
Net sales	$	3,127.3		$	1.6		$	3,128.9		$	3,151.2		$	3.4		$	3,154.6
Gross profit	1,309.4			(1.9		)	1,307.5			1,248.9			0.3			1,249.2
Operating income	415.5			(5.1		)	410.4			309.1			(2.6		)	306.5
Income before income taxes	283.3			(11.5		)	271.8			200.1			(9.0		)	191.1
Income tax provision	(86.8		)	—			(86.8		)	(125.4		)	—			(125.4		)
Net income before non-controlling interests	196.5			(11.5		)	185.0			74.7			(9.0		)	65.7
Net income attributable to Tempur Sealy International, Inc.	$	202.1		$	(11.5	)	$	190.6		$	73.5		$	(9.0	)	$	64.5



	December 31, 2016
	Previously Reported			Correction			As Revised
Total assets	$	2,702.6		$	(3.8	)	$	2,698.8
Total liabilities	2,707.2			25.9			2,733.1
Retained earnings	1,312.4			(47.6		)	1,264.8
Total stockholders' deficit	(12.2		)	(29.7		)	(41.9		)
Total liabilities, redeemable non-controlling interest and stockholders' deficit	$	2,702.6		$	(3.8	)	$	2,698.8

Recently Issued Accounting Pronouncements

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Recently Issued Accounting Pronouncements

Revenue from Contracts with Customers

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) 2014-09, Revenue From Contracts With Customers (Topic 606), that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This ASU is based on the core principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract.

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

The Company adopted the new revenue guidance effective January 1, 2018 using the modified retrospective method of adoption. The largest impacts as a result of the new standard are the new required qualitative and quantitative disclosures. Other presentation and disclosure changes include the reclassification of royalty income to revenue and changes in the balance sheet classification for sales returns. Under the new standard, the Company will continue to recognize the amount of consideration received or receivable that is expected to be returned as a refund liability, representing the Company's obligation to return the customer’s consideration. The Company evaluated the impact of the adoption on the classification of cooperative advertising programs and other promotional programs with the Company's customers. The impact of adoption to these promotional programs did not result in material changes in the Company's recognition or presentation of costs within the Company's Consolidated Statements of Income.

As required under the new standard, the Company will establish a return asset for the right to recover the goods returned by the customer in 2018. The Company recognized a cumulative effect of initially applying the new standard as a decrease to the opening balance of retained earnings for approximately $3.0 million, net of tax. The Company does not expect the impact to cost of sales as a result of adjusting the return asset on an ongoing basis to be material. The return asset will be subject to impairment assessments on an ongoing basis.

Leases

In February 2016, the FASB issued ASU No. 2016-02, Leases, that requires lessees to recognize most leases on the balance sheet and provides for expanded disclosures on key information about leasing arrangements. This ASU is effective for interim and annual periods beginning after December 5, 2018, which means it will become effective for the Company on January 1, 2019. In transition, the Company is required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company is currently evaluating this ASU to determine the impact it will have on the Company's Consolidated Financial Statements. The Company expects that the adoption of the standard will result in a material increase to the assets and liabilities within the Consolidated Balance Sheets.

Employee Share-Based Payments

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


•	The Company recognized all excess tax benefits and tax deficiencies as income tax provision or benefit in the Consolidated Statement of Income. The Company recognized excess tax deficiencies of $0.7 million for the year ended December 31, 2017.


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

•

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

Pensions

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

Acquisitions and Divestitures	12 Months Ended
Acquisitions and Divestitures	Dec. 31, 2017
Business Combinations [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures On October 3, 2016, the Company acquired 51% of the outstanding equity of an entity included in the North America segment. Upon acquisition, the remaining 49% of the outstanding equity represented a non-controlling interest, which is presented as a separate component of total equity. The acquisition was valued at $7.7 million, and the purchase price allocation primarily included inventory, goodwill and non-controlling interest. On December 1, 2017, the Company acquired the remaining 49% equity interest of the entity. The results of operations were not material to the Company’s Consolidated Financial Statements for the years ended December 31, 2017 and 2016, respectively.

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The following summarizes the Company's goodwill by reportable segment:



(in millions)	North America		International		Consolidated
Balance as of January 1, 2016	$	562.8	$	146.6	$	709.4
Goodwill resulting from acquisition	7.4		—		7.4
Foreign currency translation adjustments and other	1.8		3.9		5.7
Balance as of December 31, 2016	$	572.0	$	150.5	$	722.5
Foreign currency translation adjustments and other	4.6		6.0		10.6
Balance as of December 31, 2017	$	576.6	$	156.5	$	733.1

The following table summarizes information relating to the Company’s other intangible assets, net:



($ in millions)		December 31, 2017						December 31, 2016
($ in millions)	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Unamortized indefinite life intangible assets:
Trade names		$	561.7	$	—	$	561.7	$	559.8	$	—	$	559.8
Amortized intangible assets:
Contractual distributor relationships	15	$	86.0	$	27.5	$	58.5	$	85.0	$	21.5	$	63.5
Technology and other	4-10	91.4		54.3		37.1		90.4		46.5		43.9
Patents, other trademarks and other trade names	5-20	27.3		19.0		8.3		27.1		19.2		7.9
Customer databases, relationships and reacquired rights	2-5	23.9		22.1		1.8		24.2		20.6		3.6
Total		$	790.3	$	122.9	$	667.4	$	786.5	$	107.8	$	678.7

Amortization expense relating to intangible assets for the Company was $16.1 million, $17.2 million and $17.9 million for the years ended December 31, 2017, 2016 and 2015, respectively, and is recorded in general, administrative and other expenses in the Company's Consolidated Statements of Income. No impairments of goodwill or other intangible assets have adjusted the gross carrying amount of these assets in any period.

Estimated annual amortization of intangible assets is expected to be as follows for the years ending December 31:



(in millions)
2018	$	16.1
2019	15.1
2020	14.6
2021	14.5
2022	13.3

- Definition

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

+ References + Details

Unconsolidated Affiliate Companies

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

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 $21.5 million and $15.5 million at December 31, 2017 and 2016, respectively, is recorded in other non-current assets in the accompanying Consolidated Balance Sheets. The Company’s share of earnings for the years ended December 31, 2017 and 2016, respectively, are recorded in equity income in earnings of unconsolidated affiliates in the accompanying Consolidated Statements of Income.

The tables below present summarized financial information for joint ventures as of and for the years ended December 31:



(in millions)	2017		2016
Current assets	$	73.7	$	58.6
Non-current assets	17.8		14.2
Current liabilities	52.3		41.8
Equity	39.2		31.0



(in millions)	2017		2016		2015
Net sales	$	195.1	$	155.2	$	131.6
Gross profit	129.9		101.7		85.0
Income from operations	43.3		32.2		26.2
Net income	31.7		24.8		20.1

Debt

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Debt

Debt for the Company consists of the following:



(in millions)	December 31, 2017				December 31, 2016
Debt:	Amount			Rate	Amount			Rate	Maturity Date
2016 Credit Agreement:
Term A Facility	$	555.0		(1)	$	585.0		(2)	April 6, 2021
Revolver	—			(1)	156.9			(2)	April 6, 2021
2026 Senior Notes	600.0			5.500%	600.0			5.500%	June 15, 2026
2023 Senior Notes	450.0			5.625%	450.0			5.625%	October 15, 2023
Securitized debt	49.0			(3)	—			N/A	April 12, 2019
Capital lease obligations ⁽⁴⁾	71.8				73.3				Various
Other	36.7				35.8				Various
Total debt	1,762.5				1,901.0
Less: deferred financing costs	(9.4		)		(12.9		)
Total debt, net	1,753.1				1,888.1
Less: current portion	(72.4		)		(70.3		)
Total long-term debt, net	$	1,680.7			$	1,817.8



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

2016 Credit Agreement

On April 6, 2016, the Company entered into a senior secured credit agreement ("2016 Credit Agreement") with a syndicate of banks. The 2016 Credit Agreement replaced the Company’s 2012 Senior Secured Credit Agreement ("2012 Credit Agreement"). The 2016 Credit Agreement provides for a $500.0 million revolving credit facility, a $500.0 million initial term loan facility and a $100.0 million delayed draw term loan facility. At any time, the Company may also elect to request the establishment of one or more incremental term loan facilities and/or increase commitments under the revolving credit facility in an aggregate amount of up to $500.0 million. A portion of the revolving credit facility of up to $250.0 million is available in Canadian Dollars, Pounds Sterling, the Euro and any additional currencies determined by mutual agreement of the Company, the administrative agent and the lenders under the revolving credit facility. A portion of the revolving credit facility of up to $100.0 million is available for the issuance of letters of credit for the account of the Company and a portion of the revolving credit facility of up to $50.0 million is available for swing line loans to the Company.

Borrowings under the 2016 Credit Agreement will generally bear interest, at the election of Tempur Sealy International and the other subsidiary borrowers, at either (i) LIBOR plus the applicable margin or (ii) Base Rate plus the applicable margin. The applicable margins are determined by a pricing grid based on the consolidated total net leverage ratio of the Company following the delivery of the Consolidated Financial Statements of the Company for the most recent quarter. The delayed draw term loan facility has identical pricing to the revolving credit facility and initial term loan facility. For the period ended December 31, 2017, the margin was either (i) LIBOR plus 1.75% per annum, or (ii) Base Rate plus 0.75%.

Obligations under the 2016 Credit Agreement are guaranteed by the Company’s existing and future direct and indirect wholly-owned domestic subsidiaries, subject to certain exceptions. The 2016 Credit Agreement is secured by a security interest in substantially all of Tempur Sealy International’s and the other subsidiary borrowers’ domestic assets and the domestic assets of each subsidiary guarantor, whether owned as of the closing or thereafter acquired, including a pledge of 100.0% of the equity interests of each subsidiary guarantor that is a domestic entity (subject to certain limited exceptions) and 65.0% of the voting equity interests of any direct first tier foreign entity owned by a subsidiary guarantor. The 2016 Credit Agreement requires compliance with certain financial covenants providing for maintenance of a minimum consolidated interest coverage ratio, maintenance of a maximum consolidated total net leverage ratio, and maintenance of a maximum consolidated secured net leverage ratio. The consolidated total net leverage ratio is calculated using consolidated funded debt less qualified cash. Consolidated funded debt includes debt recorded on the Consolidated Balance Sheets as of the reporting date, plus letters of credit outstanding and other short-term debt. The Company is allowed to subtract from consolidated funded debt an amount equal to 100.0% of domestic qualified cash and 60.0% of foreign qualified cash, the aggregate of which cannot exceed $150.0 million at the end of the reporting period. As of December 31, 2017, domestic qualified cash was $18.4 million and foreign qualified cash was $14.1 million. As of December 31, 2017, the Company's consolidated total net leverage ratio was 3.91 times, within the covenant in the Company's debt agreements which limits this ratio to 5.00 times for the year ended December 31, 2017.

The 2016 Credit Agreement contains certain customary negative covenants, which include limitations on liens, investments, indebtedness, dispositions, mergers and acquisitions, the making of restricted payments, changes in the nature of business, changes in fiscal year, transactions with affiliates, use of proceeds, prepayments of certain indebtedness, entry into burdensome agreements and changes to governing documents and other junior financing documents. The 2016 Credit Agreement also contains certain customary affirmative covenants and events of default, including upon a change of control.

The Company was in compliance with all applicable covenants in the 2016 Credit Agreement at December 31, 2017.

The Company is required to pay a commitment fee on the unused portion of the revolving credit facility. The commitment fee rate is determined by a pricing grid based on the consolidated total net leverage ratio of the Company. The commitment fee is payable quarterly in arrears following the delivery of Consolidated Financial Statements for the most recent quarter and on the date of termination or expiration of the commitments under the revolving credit facility. The Company and the other borrowers also pay customary letter of credit issuance and other fees under the 2016 Credit Agreement. For the period ended December 31, 2017, the Company's commitment fee rate was 0.30%.

In 2016, the Company also borrowed $100.0 million using the delayed draw term loan facility under the Company's 2016 Credit Agreement in connection with the repayment of the 8.0% Sealy Notes. The commitment to provide the delayed draw term loan facility terminated with its funding.

As a result of the Company’s 2016 Credit Agreement, $3.6 million of deferred financing costs were capitalized in 2016 and will be amortized as interest expense over the respective debt instrument period, 5 years, using the effective interest method. In addition, the Company expensed $1.9 million of lender fees associated with this transaction in 2016, which is included in loss on extinguishment of debt in the Consolidated Statements of Income.

The Company used the proceeds from the 2016 Credit Agreement to repay in full and terminate the 2012 Credit Agreement. The 2012 Credit Agreement initially provided for (i) a revolving credit facility of $350.0 million, (ii) a Term A facility of $550.0 million and (iii) a Term B facility of $870.0 million. In conjunction with the repayment of all outstanding borrowings on the 2012 Credit Agreement, the Company expensed approximately $11.0 million of deferred financing costs in 2016, which is included in loss on extinguishment of debt in the Consolidated Statements of Income.

Senior Notes

2026 Senior Notes

On May 24, 2016, Tempur Sealy International issued $600.0 million aggregate principal amount of 5.500% 2026 Senior Notes in a private offering to qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. The 2026 Senior Notes were issued pursuant to an indenture, dated as of May 24, 2016 (the "2026 Indenture"), among Tempur Sealy International, certain subsidiaries of Tempur Sealy International as guarantors (the "Combined Guarantor Subsidiaries"), and The Bank of New York Mellon Trust Company, N.A., as trustee. The 2026 Senior Notes are general unsecured senior obligations of Tempur Sealy International and are guaranteed on a senior unsecured basis by the Combined Guarantor Subsidiaries. The 2026 Senior Notes mature on June 15, 2026, and interest is payable semi-annually in arrears on each June 15 and December 15, which began on December 15, 2016. The gross proceeds from the 2026 Senior Notes were used to refinance the $375.0 million aggregate principal amount of 6.875% 2020 Senior Notes and to pay related fees and expenses, and the remaining funds were used for share repurchases and general corporate purposes.

Tempur Sealy International has the option to redeem all or a portion of the 2026 Senior Notes at any time on or after June 15, 2021. The initial redemption price is 102.750% of the principal amount, plus accrued and unpaid interest, if any. The redemption price will decline each year after 2021 until it becomes 100.0% of the principal amount beginning on June 15, 2024. In addition, Tempur Sealy International has the option at any time prior to June 15, 2021 to redeem some or all of the 2026 Senior Notes at 100.0% of the original principal amount plus a “make-whole” premium and accrued and unpaid interest, if any. Tempur Sealy International may also redeem up to 35.0% of the 2026 Senior Notes prior to June 15, 2019, under certain circumstances with the net cash proceeds from certain equity offerings, at 105.500% of the principal amount plus accrued and unpaid interest, if any. Tempur Sealy International may make such redemptions as described in the preceding sentence only if, after any such redemption, at least 65.0% of the original aggregate principal amount of the 2026 Senior Notes issued remains outstanding.

The 2026 Indenture restricts the ability of Tempur Sealy International and the ability of certain of its subsidiaries to, among other things: (i) incur, directly or indirectly, debt; (ii) make, directly or indirectly, certain investments and restricted payments; (iii) incur or suffer to exist, directly or indirectly, liens on its properties or assets; (iv) sell or otherwise dispose of assets, directly or indirectly; (v) create or otherwise cause or suffer to exist any consensual restriction on the right of certain of the subsidiaries of Tempur Sealy International to pay dividends or make any other distributions on or in respect of their capital stock; (vi) enter into transactions with affiliates; (vii) engage in sale-leaseback transactions; (viii) purchase or redeem capital stock or subordinated indebtedness; (ix) issue or sell stock of restricted subsidiaries; and (x) effect a consolidation or merger. These covenants are subject to a number of exceptions and qualifications.

In conjunction with the issuance and sale of the 2026 Senior Notes, Tempur Sealy International and the Combined Guarantor Subsidiaries agreed through a Registration Rights Agreement to exchange the 2026 Senior Notes for a new issue of substantially identical senior notes registered under the Securities Act (the "Exchange Offer"). On October 18, 2016, Tempur Sealy International completed the Exchange Offer, with 100% of the outstanding notes tendered and received for new 2026 Senior Notes registered under the Securities Act.

As a result of the issuance of the 2026 Senior Notes, $3.1 million of deferred financing costs were capitalized in 2016 and will be amortized as interest expense over the respective debt instrument period, 10 years, using the effective interest method. In addition, the Company expensed $5.9 million of lender fees associated with this transaction in 2016, which is included in loss on extinguishment of debt in the Consolidated Statements of Income.

The Company used the proceeds from the 2026 Senior Notes to refinance the 2020 Senior Notes and to pay related fees and expenses. The 2020 Senior Notes were redeemed at a price equal to the principal amount thereof and the applicable "make-whole" premium, $23.6 million, which is included in loss on extinguishment of debt in the Consolidated Statements of Income. In conjunction with the refinancing of the 2020 Senior Notes, the Company wrote off approximately $4.8 million of deferred financing costs in the second quarter of 2016, which is included in loss on extinguishment of debt in the Consolidated Statements of Income.

2023 Senior Notes

On September 24, 2015, Tempur Sealy International issued $450.0 million aggregate principal amount of 5.625% 2023 Senior Notes in a private offering to qualified institutional buyers pursuant to Rule 144A of the Securities Act, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. The 2023 Senior Notes were issued pursuant to an indenture, dated as of September 24, 2015 (the “2023 Indenture”), among Tempur Sealy International, the Combined Guarantor Subsidiaries (the Combined Guarantor Subsidiaries are the same under the 2026 Indenture, the 2023 Indenture and the 2020 Indenture), and The Bank of New York Mellon Trust Company, N.A., as trustee. The 2023 Senior Notes are general unsecured senior obligations of Tempur Sealy International and are guaranteed on a senior unsecured basis by the Combined Guarantor Subsidiaries. The 2023 Senior Notes mature on October 15, 2023, and interest is payable semi-annually in arrears on each April 15 and October 15, which began on April 15, 2016. The gross proceeds from the 2023 Senior Notes were used to refinance a portion of the term loan debt under the 2012 Credit Agreement and to pay related fees and expenses.

Tempur Sealy International has the option to redeem all or a portion of the 2023 Senior Notes at any time on or after October 15, 2018. The initial redemption price is 104.219% of the principal amount, plus accrued and unpaid interest, if any. The redemption price will decline each year after 2018 until it becomes 100.0% of the principal amount beginning on October 15, 2021. In addition, Tempur Sealy International has the option at any time prior to October 15, 2018 to redeem some or all of the 2023 Senior Notes at 100.0% of the original principal amount plus a “make-whole” premium and accrued and unpaid interest, if any. Tempur Sealy International may also redeem up to 35.0% of the 2023 Senior Notes prior to October 15, 2018, under certain circumstances with the net cash proceeds from certain equity offerings, at 105.625% of the principal amount plus accrued and unpaid interest, if any. Tempur Sealy International may make such redemptions as described in the preceding sentence only if, after any such redemption, at least 65.0% of the original aggregate principal amount of the 2023 Senior Notes issued remains outstanding.

The 2023 Indenture restricts the ability of Tempur Sealy International and the ability of certain of its subsidiaries to, among other things: (i) incur, directly or indirectly, debt; (ii) make, directly or indirectly, certain investments and restricted payments; (iii) incur or suffer to exist, directly or indirectly, liens on its properties or assets; (iv) sell or otherwise dispose of, directly or indirectly, assets; (v) create or otherwise cause or suffer to exist any consensual restriction on the right of certain of the subsidiaries of Tempur Sealy International to pay dividends or make any other distributions on or in respect of their capital stock; (vi) enter into transactions with affiliates; (vii) engage in sale-leaseback transactions; (viii) purchase or redeem capital stock or subordinated indebtedness; (ix) issue or sell stock of restricted subsidiaries; and (x) effect a consolidation or merger. These covenants are subject to a number of exceptions and qualifications.

In conjunction with the issuance and sale of the 2023 Senior Notes, Tempur Sealy International and the Combined Guarantor Subsidiaries agreed through a Registration Rights Agreement to exchange the 2023 Senior Notes for a new issue of substantially identical senior notes registered under the Securities Act (the "2023 Exchange Offer"). On April 4, 2016, Tempur Sealy International completed the 2023 Exchange Offer, with 100% of the outstanding notes tendered and received for new 2023 Senior Notes registered under the Securities Act.

Securitized Debt

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

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

Fair Value

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



	Fair Value
(in millions)	December 31, 2017		December 31, 2016
2023 Senior Notes	$	470.9	$	468.5
2026 Senior Notes	618.1		606.8

Capital Leases

The Company is party to capital leases as of December 31, 2017 and 2016. The approximate remaining life of the leases ranges from 1 to 14 years as of December 31, 2017, with several including an option to extend the lease term.

Deferred Financing Costs

The Company capitalizes costs associated with the issuance of debt and amortizes these costs as additional interest expense over the lives of the debt instruments using the effective interest method. These costs are recorded as deferred financing costs as a direct reduction from the carrying amount of the corresponding debt liability in the accompanying Consolidated Balance Sheets and the related amortization is included in interest expense, net in the accompanying Consolidated Statements of Income. Upon the prepayment of the related debt, the Company accelerates the recognition of an appropriate amount of the costs.

Future Obligations

As of December 31, 2017, the scheduled maturities of long-term debt outstanding, including capital lease obligations, for each of the next five years and thereafter are as follows:



(in millions)
2018	$	72.4
2019	92.9
2020	59.3
2021	442.1
2022	5.7
Thereafter	1,090.1
Total	$	1,762.5

Retirement Plans

12 Months Ended

Dec. 31, 2017

Retirement Benefits [Abstract]

Retirement Plans

401(k) Plan

The Company has a defined contribution plan ("the 401(k) Plan") whereby eligible employees may contribute up to 85.0% of their pay subject to certain limitations as defined by the 401(k) Plan. Employees are eligible to participate in the 401(k) Plan upon hire and are eligible to receive matching contributions upon six months of continuous employment with the Company. The 401(k) Plan provides a 100.0% match of the first 3.0% and 50.0% of the next 2.0% of eligible employee contributions. The match for union employees is based on the applicable collective bargaining arrangement. All matching contributions vest immediately. The Company incurred $4.0 million, $6.7 million and $7.3 million of expenses associated with the 401(k) Plan for the years ended December 31, 2017, 2016 and 2015, respectively, which are included in the Consolidated Statements of Income.

Company Defined Benefit Pension Plans

The Company has a noncontributory, defined benefit pension plan covering current and former hourly employees at only two of its active Sealy plants and ten previously closed Sealy U.S. facilities. Sealy Canada, Ltd. (a 100.0% owned subsidiary of the Company) also sponsors a noncontributory, defined benefit pension plan covering hourly employees at one of its facilities (collectively, referred to as the "Plans"). The Plans provide retirement and survivorship benefits based on the employees’ credited years of service. The Company’s funding policy provides for contributions of an amount between the minimum required and maximum amount that can be deducted for federal income tax purposes.

The Plans' assets consist of investments in various common/collective trusts with equity investment strategies diversified across multiple industry sectors and company market capitalization within specific geographical investment strategies, fixed income common/collective trusts, which invest primarily in investment-grade and high-yield corporate bonds and U.S. treasury securities, as well as money market mutual funds. The fixed income investments are diversified as to ratings, maturities, industries and other factors. The Plans' assets contain no significant concentrations of risk related to individual securities or industry sectors. The Plans have no direct investment in the Company's common stock.

The long-term rate of return for the Plans is based on the weighted average of the Plans’ investment allocation and the historical returns for those asset categories. Because future compensation levels are not a factor in these Plans’ benefit formulas, the accumulated benefit obligation is equal to the projected benefit obligation as reported below. The discount rate is based on the returns on long-term bonds in the private sector and incorporates a long-term inflation rate. Summarized information for the Plans follows:

Expenses and Status

Components of net periodic pension cost which is included in general, administrative and other expenses included in the accompanying Consolidated Statements of Income for the years ended December 31 were as follows:



(in millions)	2017			2016			2015
Service cost	$	0.9		$	0.8		$	0.8
Interest cost	1.2			1.2			1.9
Expected return on assets	(1.5		)	(1.3		)	(2.2		)
Amortization of prior service cost	0.1			—			—
Settlement loss	—			0.2			1.3
Net periodic pension cost	$	0.7		$	0.9		$	1.8

The other changes in plan assets and benefit obligations recognized in other comprehensive loss (income) for the years ended December 31 were:



(in millions)	2017			2016			2015
Net loss	$	0.4		$	1.5		$	0.2
Amortization of prior service cost	(0.1		)	—			—
Amortization or settlement recognition of net loss	—			(0.2		)	(1.3		)
New prior service cost	0.5			—			0.1
Total recognized in other comprehensive loss (income)	$	0.8		$	1.3		$	(1.0	)

The following assumptions, calculated on a weighted-average basis, were used to determine net periodic pension cost for the Company’s Plans for the years ended December 31:



	2017		2016		2015
Discount rate ^(a)	4.07	%	4.27	%	4.12	%
Expected long-term return on plan assets	6.64	%	6.71	%	7.05	%


(a)	The discount rates used in 2017 to determine the expenses for the U.S. retirement plan and Canadian retirement plan were 4.06% and 4.10%, respectively. The discount rates used in 2016 to determine the expenses for the U.S. retirement plan and Canadian retirement plan were 4.26% and 4.30%, respectively.

Obligations and Funded Status

The measurement date for the Company's Plans is December 31. The funded status of the Plans as of December 31 was as follows:



(in millions)	2017			2016
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$	28.0		$	28.2
Service cost	0.9			0.8
Interest cost	1.2			1.2
Plan amendments	0.5			—
Actuarial loss	2.3			0.8
Settlements	—			(2.0		)
Benefits paid	(0.9		)	(1.1		)
Expenses paid	(0.1		)	—
Foreign currency exchange rate changes	0.2			0.1
Projected benefit obligation at end of year	$	32.1		$	28.0
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	21.7		$	13.9
Actual return on plan assets	3.5			0.6
Employer contribution	0.9			10.2
Settlements	—			(2.0		)
Benefits paid	(0.9		)	(1.1		)
Expenses paid	(0.1		)	—
Foreign currency exchange rate changes	0.2			0.1
Fair value of plan assets at end of year	$	25.3		$	21.7
Funded status	$	(6.8	)	$	(6.3	)

The Company’s defined benefit pension plan for U.S. Sealy employees is underfunded. As of December 31, 2017, the projected benefit obligation and fair value of plan assets were $28.3 million and $21.0 million, respectively. As of December 31, 2016, the projected benefit obligation and fair value of plan assets were $24.9 million and $18.6 million, respectively. As of December 31, 2017, the projected benefit obligation and fair value of plan assets for the Sealy Canada Ltd. pension plan were $3.8 million and $4.3 million, respectively. As of December 31, 2016, the projected benefit obligation and fair value of plan assets for the Sealy Canada Ltd. pension plan were $3.1 million and $3.1 million, respectively.

The accumulated benefit obligation for all pension plans was $32.1 million at December 31, 2017 and $28.0 million at December 31, 2016.

The following table represents amounts recorded in the Consolidated Balance Sheets:



	December 31,
(in millions)	2017		2016
Amounts recognized in the Consolidated Balance Sheets:
Non-current benefit liability	$	7.3	$	6.3
Non-current benefit asset	0.5		—

The following assumption, calculated on a weighted-average basis, was used to determine benefit obligations for the Company’s defined benefit pension plans as of December 31:



	2017		2016
Discount rate ^(a)	3.56	%	4.06	%


(a)	The discount rates used in 2017 to determine the expenses for the U.S. retirement plan and Canadian retirement plan were 3.54% and 3.70%, respectively. The discount rates used in 2016 to determine the benefit obligations for the U.S. and Canadian defined benefit pension plans were 4.06% and 4.10%, respectively.

No material amounts are expected to be reclassified from AOCL to be recognized as components of net income during 2018.

Plan Contributions and Expected Benefit Payments

During 2018, the Company expects to contribute $0.3 million to the Company's Plans from available cash and cash equivalents.

The following table presents estimated future benefit payments:



(in millions)
Fiscal 2018	$	1.0
Fiscal 2019	1.0
Fiscal 2020	1.1
Fiscal 2021	1.1
Fiscal 2022	1.2
Fiscal 2023 ‑ Fiscal 2027	7.0

Pension Plan Asset Information

Investment Objective and Strategies

The Company's investment objectives are to minimize the volatility of the value of the Company's pension assets relative to pension liabilities and to ensure assets are sufficient to pay plan benefits. Target and actual asset allocations are as follows:



	2017 Target		2017 Actual
Common/collective trust consisting primarily of:
Equity securities	60.00	%	76.47	%
Debt securities	40.00	%	23.28	%
Other	—	%	0.25	%
Total plan assets	100.00	%	100.00	%

Investment strategies and policies reflect a balance of risk-reducing and return-seeking considerations. The objective of minimizing the volatility of assets relative to liabilities is addressed primarily through asset diversification. Assets are broadly diversified across many asset classes to achieve risk-adjusted returns that, in total, lower asset volatility relative to liabilities. The Company's policy to rebalance the Company's investment regularly ensures that actual allocations are in line with target allocations as appropriate.

Strategies to address the goal of ensuring sufficient assets to pay benefits include target allocations to a broad array of asset classes that provide return, diversification and liquidity.

The plan investment fiduciaries are responsible for setting asset allocation targets, and monitoring asset allocation and investment performance. The Company’s pension investment manager has discretion to manage assets to ensure compliance with the asset allocations approved by the plan fiduciaries.

Significant Concentrations of Risk

Significant concentrations of risk in the Company's plan assets relate to equity, interest rate, and operating risk. In order to ensure assets are sufficient to pay benefits, a portion of plan assets is allocated to equity investments that are expected, over time, to earn higher returns with more volatility than fixed income investments which more closely match pension liabilities. Within the common/collective trusts, the plan assets contain no significant concentrations of risk related to individual securities or industry sectors.

In order to minimize asset volatility relative to the liabilities, a portion of the plan assets are allocated to fixed income investments that are exposed to interest rate risk. Rate increases will generally result in a decline in fixed income assets while reducing the present value of the liabilities. Conversely, rate decreases will increase fixed income assets, partially offsetting the related increase in the liabilities.

Operating risks primarily include the risks of inadequate diversification and insufficient oversight. To mitigate this risk, investments are diversified across and within asset classes in support of investment objectives. Policies and practices to address operating risks include ongoing oversight, plan and asset class investment guidelines, and periodic reviews against these guidelines to ensure adherence.

Expected Long-Term Return on Plan Assets

The expected long-term return assumption at December 31, 2017 was 7.00% for the defined benefit pension plan for U.S. Sealy employees and 5.50% for the defined benefit pension plan for Sealy Canada, Ltd. The expected long-term return assumption is based on historical and projected rates of return for current and planned asset classes in the plan’s investment portfolio. The assumption considers various sources, primarily inputs from advisors for long-term capital market returns, inflation, bond yields, and other variables, adjusted for specific aspects of the Company's investment strategy by plan.

The investments in plan assets primarily consist of common collective trusts and money market funds. Investments in common collective trusts and money market funds are valued at the net asset value ("NAV") per share or unit multiplied by the number of shares or units held as of the measurement date. The determination of NAV for the common/collective trusts includes market pricing of the underlying assets as well as broker quotes and other valuation techniques that represent fair value as determined by the respective administrator of the common/collective trust. Management has determined that the NAV is an appropriate estimate of the fair value of the common collective trusts at December 31, 2017 and 2016, based on the fact that the common/collective trusts are audited and accounted for at fair value by the administrators of the respective common/collective trusts. The methods described above may produce a fair value that may not be indicative of net realizable value or reflective of future fair value. Furthermore, while the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the Consolidated Balance Sheet dates.

The fair value of the Company’s plan assets at December 31 by asset category was as follows:



(in millions)	2017		2016
Asset Category
Common/collective trust
U.S. equity	$	15.1	$	12.5
International equity	4.2		3.7
Total equity based funds	19.3		16.2
Common/collective trust - fixed income	5.9		4.9
Money market funds	0.1		0.6
Total	$	25.3	$	21.7

Multi‑Employer Benefit Plans

Approximately 32.0% of the Company’s domestic employees are represented by various labor unions with separate collective bargaining agreements. Hourly employees working at nine of the Company’s domestic manufacturing facilities are covered by union sponsored retirement plans. Further, employees working at three of the Company’s domestic manufacturing facilities are covered by union sponsored health and welfare plans. These plans cover both active employees and retirees. Through the health and welfare plans, employees receive medical, dental, vision, prescription and disability coverage. The Company’s cost associated with these plans consists of periodic contributions to these plans based upon employee participation. The expense recognized by the Company for such contributions for the years ended December 31 was follows:



(in millions)	2017		2016		2015
Multi‑employer retirement plan expense	$	4.3	$	4.9	$	5.0
Multi‑employer health and welfare plan expense	3.5		2.8		2.4

The risks of participating in multi‑employer pension plans are different from the risks of participating in single‑employer pension plans in the following respects: 1) contributions to the multi‑employer plan by one employer may be used to provide benefits to employees of other participating employers; 2) if a participating employer ceases its contributions to the plan, the unfunded obligations of the plan allocable to the withdrawing employer may be borne by the remaining participant employers; and 3) if the Company withdraws from the multi‑employer pension plans in which it participates, the Company may be required to pay those plans an amount based on its allocable share of the underfunded status of the plan.

The following table presents information regarding the multi‑employer pension plans that are significant to the Company for the years ended December 31, 2017 and 2016, respectively:

Pension Fund

EIN/Pension Plan Number

Date of Plan Year-End

Pension Protection Act
Zone Status⁽¹⁾2017

FIP/RP Status
Pending/Implemented⁽²⁾

Contributions of the Company 2017

Surcharge Imposed⁽³⁾

Expiration Date
of Collective
Bargaining Agreement

Year Contributions to Plan Exceeded More than 5 Percent of Total Contributions

(in millions)

United Furniture Workers Pension Fund A⁽⁴⁾

13-5511877-001

2/28/17

Red

Implemented

1.1

2020

2015, 2016, 2017

Pension Plan of the National Retirement Fund

13-6130178-001

12/31/16

Red

Implemented

0.8

Yes, 10.0%

2019

N/A

Central States, Southeast & Southwest Areas Pension Plan

36-6044243-001

12/31/16

Red

Implemented

0.7

Yes, 10.0%

2018

N/A

Pension Fund

EIN/Pension Plan Number

Date of Plan Year-End

Pension Protection Act
Zone Status⁽¹⁾ 2016

FIP/RP Status
Pending/Implemented⁽²⁾

Contributions of the Company 2016

Surcharge Imposed⁽³⁾

Expiration Date
of Collective
Bargaining Agreement

Year Contributions to Plan Exceeded More than 5 Percent of Total Contributions

(in millions)

United Furniture Workers Pension Fund A⁽⁴⁾

13-5511877-001

2/29/16

Red

Implemented

1.2

Yes, 10.0%

2017

2014, 2015, 2016

Pension Plan of the National Retirement Fund

13-6130178-001

12/31/15

Red

Implemented

1.3

Yes, 10.0%

2019

N/A

Central States, Southeast & Southwest Areas Pension Plan

36-6044243-001

12/31/15

Red

Implemented

0.3

Yes, 10.0%

2018

N/A

(1)

The Pension Protection Act of 2006 ranks the funded status of multi-employer pension plans depending upon a plan’s current and projected funding. A plan is in the Red Zone (Critical) if it has a current funded percentage of less than 65.0%. A plan is in the Yellow Zone (Endangered) if it has a current funded percentage of less than 80.0%, or projects a credit balance deficit within seven years. A plan is in the Green Zone (Healthy) if it has a current funded percentage greater than 80.0% and does not have a projected credit balance deficit within seven years. The zone status is based on the plan’s year end rather than the Company’s. The zone status listed for each plan is based on information that the Company received from that plan and is certified by that plan’s actuary for the most recent year available.


(2)	Funding Improvement Plan or Rehabilitation Plan as defined in the Employee Retirement Income Security Act of 1974 has been implemented or is pending.


(3)	Indicates whether the Company paid a surcharge to the plan in the most current year due to funding shortfalls and the amount of the surcharge.


(4)	The Company represented more than 5.0% of the total contributions for the most recent plan year available. For year ended December 31, 2015, the Company contributed $1.1 million to the plan.

Stockholders' (Deficit) Equity

12 Months Ended

Dec. 31, 2017

Stockholders' Equity Note [Abstract]

Stockholders' (Deficit) Equity

Stockholders' Equity (Deficit)

(a) Common Stock. Tempur Sealy International has 300.0 million authorized shares of common stock with $0.01 per share par value and 0.01 million authorized shares of preferred stock with $0.01 per share par value. The holders of the common stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders. Subject to preferences that may be applicable to any outstanding preferred stock, holders of 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 common stock are entitled to share ratably in all assets remaining after payment of liabilities, subject to prior distribution rights of preferred stock, if any, then outstanding.

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

(b) Shareholder Rights Agreement. On February 8, 2017, the Board of Directors of the Company authorized and declared a dividend distribution of one right (a “Right”) for each outstanding share of common stock, par value $0.01 per share (the “Common Shares”), of the Company to stockholders of record at the close of business on February 20, 2017. Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock, par value $0.01 per share (the “Preferred Shares”), of the Company at an exercise price of $90 per one one-thousandth of a Preferred Share, subject to adjustment. Generally, the Rights become exercisable in the event any person or group (including a group of persons that are acting in concert with each other) acquires 20% or more of the Common Shares without the approval of the Board of Directors, and until such time are inseparable from and trade with the Company's Common Shares. The Rights have a de minimis fair value. The Rights are issued pursuant to the Amended and Restated Rights Agreement dated as of March 14, 2017 ("Amended Rights Agreement"), between the Company and American Stock Transfer & Trust Company, LLC, the Company's rights agent. Pursuant to the Amended Rights Agreement these Rights expired on February 7, 2018.



	Year Ended December 31,
(in millions)	2017			2016			2015
Foreign Currency Translation
Balance at beginning of period	$	(101.9	)	$	(101.6	)	$	(48.9	)
Other comprehensive income (loss):
Foreign currency translation adjustments ⁽¹⁾	29.1			(0.3		)	(52.7		)
Balance at end of period	$	(72.8	)	$	(101.9	)	$	(101.6	)

Interest Rate Swap Agreement
Balance at beginning of period	$	—		$	—		$	(0.7	)
Other comprehensive income:
Net change from period revaluation:	—			—			3.1
Tax expense ⁽²⁾	—			—			(1.2		)
Total other comprehensive income before reclassifications, net of tax	—			—			1.9
Net amount reclassified to earnings ⁽³⁾	—			—			(1.9		)
Tax benefit ⁽²⁾	—			—			0.7
Total amount reclassified from accumulated other comprehensive loss, net of tax	—			—			(1.2		)
Total other comprehensive income	—			—			0.7
Balance at end of period	$	—		$	—		$	—

Pension Benefits
Balance at beginning of period	$	(2.2	)	$	(1.4	)	$	(2.4	)
Other comprehensive (loss) income:
Net change from period revaluation:	(0.8		)	(1.5		)	0.2
Tax benefit ⁽²⁾	0.3			0.6			—
Total other comprehensive (loss) income before reclassifications, net of tax	(0.5		)	(0.9		)	0.2
Net amount reclassified to earnings	—			0.2			1.3
Tax expense ⁽²⁾	—			(0.1		)	(0.5		)
Total amount reclassified from accumulated other comprehensive loss, net of tax	—			0.1			0.8
Total other comprehensive (loss) income	(0.5		)	(0.8		)	1.0
Balance at end of period	$	(2.7	)	$	(2.2	)	$	(1.4	)

Foreign Exchange Forward Contracts
Balance at beginning of period	$	0.6		$	6.6		$	1.3
Other comprehensive (loss) income:
Net change from period revaluation:	(0.6		)	(3.6		)	14.6
Tax benefit (expense) ⁽²⁾	0.1			1.0			(3.8		)
Total other comprehensive (loss) income before reclassifications, net of tax	(0.5		)	(2.6		)	10.8
Net amount reclassified to earnings ⁽⁴⁾	(0.1		)	(4.6		)	(7.4		)
Tax benefit ⁽²⁾	—			1.2			1.9
Total amount reclassified from accumulated other comprehensive loss, net of tax	(0.1		)	(3.4		)	(5.5		)
Total other comprehensive (loss) income	(0.6		)	(6.0		)	5.3
Balance at end of period	$	—		$	0.6		$	6.6


(1)	In 2017, 2016 and 2015, there were no tax impacts related to foreign currency translation adjustments and no amounts were reclassified to earnings.


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


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


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

Stock-based Compensation

12 Months Ended

Dec. 31, 2017

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

Stock-based Compensation

Tempur Sealy International has two stock-based compensation plans which provide for grants of non-qualified and incentive stock options, stock appreciation rights, restricted stock and stock unit awards, performance shares, stock grants and performance based awards to employees, non-employee directors, consultants and Company advisors. The plan under which equity awards may be granted in the future is the Amended and Restated 2013 Equity Incentive Plan (the "2013 Plan"). It is the policy of the Company to issue stock out of treasury shares upon issuance or exercise of share-based awards. The Company believes that awards and purchases made under these plans better align the interests of the plan participants with those of its stockholders.

On May 11, 2017, the Company's stockholders approved the amendment and restatement of the original 2013 Plan. The 2013 Plan provides for grants of stock options to purchase shares of common stock to employees and directors of the Company. The 2013 Plan may be administered by the Compensation Committee of the Board of Directors, by the Board of Directors directly, or, in certain cases, by an executive officer or officers of the Company designated by the Compensation Committee. The shares issued or to be issued under the 2013 Plan may be either authorized but unissued shares of the Company’s common stock or shares held by the Company in its treasury. Tempur Sealy International may issue a maximum of 8.7 million shares of common stock under the 2013 Plan, subject to certain adjustment provisions.

The Amended and Restated 2003 Equity Incentive Plan, as amended (the “2003 Plan”), was administered by the Compensation Committee of the Board of Directors, which, together with the Board of Directors, had the exclusive authority to administer the 2003 Plan, including the power to determine eligibility to receive awards, the types and number of shares of stock subject to the awards, the price and timing of awards and the acceleration or waiver of any vesting and performance of forfeiture restrictions, in each case subject to the terms of the 2003 Plan. Any of the Company’s employees, non-employee directors, consultants and Company advisors, as determined by the Compensation Committee, were eligible to be selected to participate in the 2003 Plan. Tempur Sealy International allowed a maximum of 11.5 million shares of its common stock under the 2003 Plan to be issued. In May 2013, the Company's Board of Directors adopted a resolution that prohibited further grants under the 2003 Plan.

In 2010, the Board of Directors approved the terms of a Long-Term Incentive Plan established under the 2003 Plan. In 2013, the Board of Directors approved the terms of another Long-Term Incentive Plan established under the 2013 Plan. Awards under both Long-Term Incentive Plans have typically consisted primarily of a mix of stock options, RSUs and PRSUs. Shares with respect to the PRSUs will be granted and vest following the end of the applicable performance period and achievement of applicable performance metrics as determined by the Compensation Committee of the Board of Directors.

The Company’s stock-based compensation expense for the year ended December 31, 2017 included PRSUs, stock options, RSUs and DSUs. A summary of the Company’s stock-based compensation expense is presented below:



	Year Ended December 31,
(in millions)	2017			2016		2015
PRSU (benefit) expense	$	(6.5	)	$	3.9	$	13.7
Stock option expense	7.1			5.3		6.6
RSU/DSU expense	12.7			7.0		2.2
Total stock-based compensation expense	$	13.3		$	16.2	$	22.5

The Company granted PRSUs during the years ended December 31, 2017, 2016 and 2015. Actual payout under the PRSUs is dependent upon the achievement of certain financial goals. The Company recorded a benefit in the accompanying Consolidated Statements of Income of $9.3 million and $3.8 million for the years ended December 31, 2017 and 2016 after the change in estimate to reduce accumulated performance based stock compensation amortization to actual cost based on updated projected or final financial results.

Performance Restricted Stock Units

A summary of the Company’s PRSU activity and related information for the years ended December 31, 2017 and 2016 is presented below:



(shares in millions)	Shares		Weighted Average Grant Date Fair Value
Awards unvested at December 31, 2015	1.9		$	68.17
Granted	0.2		60.78
Vested	(0.1	)	51.87
Forfeited	(0.3	)	70.43
Awards unvested at December 31, 2016	1.7		68.02
Granted	1.6		59.64
Vested	(0.2	)	59.39
Forfeited	(0.4	)	65.48
Awards unvested at December 31, 2017	2.7		$	64.13

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

The Company did not record any stock-based compensation expense related to the 2019 Aspirational Plan PRSUs during the year ended December 31, 2017, as it is not considered probable that the Company will achieve the specified performance target for either the First Designated Period or Second Designated Period. The Company will continue to evaluate the probability of achieving the performance condition in future periods and record the appropriate expense if necessary. Based on the price of the Company’s common stock on the grant date, the total unrecognized compensation expense related to this award if the performance target is met for the First Designated Period is $85.5 million, which would be expensed over the remaining service period if achievement of the performance condition becomes probable.

As of December 31, 2017, the Company has 1.1 million PRSUs outstanding that will vest if the Company achieves more than $650.0 million of Adjusted EBITDA for 2017 (the "2017 Aspirational Plan PRSUs"). Adjusted EBITDA is defined as the Company’s "Consolidated EBITDA" as such term is defined in the Company’s 2012 Credit Agreement. The Company expects that in early March 2018 the Compensation Committee of the Board of Directors will formally determine that the Company did not have more than $650.0 million in Adjusted EBITDA for 2017. As a result, two-thirds of the total 2017 Aspirational Plan PRSUs will be forfeited as of this date. The remaining one-third of the total 2017 Aspirational Plan PRSUs will vest if the Company achieves more than $650.0 million in Adjusted EBITDA for 2018. All remaining 2017 Aspirational Plan PRSUs will be forfeited if the performance metric is not met in 2018.

The Company did not record any stock-based compensation expense related to the 2017 Aspirational Plan PRSUs during the years ended December 31, 2017 and 2016, as it is not considered probable that the Company will achieve the specified performance target as of December 31, 2017 or December 31, 2018. The Company will continue to evaluate the probability of achieving the performance condition in future periods and record the appropriate expense if necessary. Based on the price of the Company’s common stock on the grant date, the total unrecognized compensation expense related to this award if the performance target is met for 2017 is $74.7 million, which would be expensed over the remaining service period if achievement of the performance condition becomes probable.

As of December 31, 2017, the Company has 0.2 million PRSUs outstanding that will vest if the Company achieves certain financial metrics over the three year performance period that ended December 31, 2017. The Company expects that in early March 2018, the Compensation Committee of the Board of Directors will formally determine that the Company did not meet the financial metrics for 2017. As a result, these PRSUs will be forfeited as of this date.

During the year ended December 31, 2017, shares granted in 2014 with an aggregate intrinsic value of $2.9 million were paid out from treasury stock following the satisfaction of certain financial metrics over the three year performance period that ended December 31, 2016. The PRSUs were paid out from treasury stock at 71.2% of the target award, out of a maximum potential payout of 300%. During the year ended December 31, 2016, shares granted in 2014 with an aggregate intrinsic value of $5.6 million were paid out from treasury stock following the satisfaction of certain financial metrics over the two year performance period that ended December 31, 2015. The PRSUs were paid out from treasury stock at 79.0% of the target award, out of a maximum potential payout of 200%. The aggregate intrinsic value of PRSUs outstanding as of December 31, 2017 was $173.6 million.

Stock Options

The Company uses the Black-Scholes option-pricing model to calculate the fair value of stock options granted. During the year ended December 31, 2016, no stock options were granted. The assumptions used in the Black-Scholes option-pricing model for the years ended December 31, 2017, 2016 and 2015 are set forth in the following table. Expected volatility is based on the unbiased standard deviation of Tempur Sealy International’s common stock over the option term. The expected life of the options represents the period of time that the Company expects the options granted to be outstanding. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of the grant of the option for the expected term of the instrument. The dividend yield reflects an estimate of dividend payouts over the term of the award. During 2017, the Company adopted a change in accounting policy to recognize forfeitures of awards as they occur instead of estimating potential forfeitures. Historically, the Company estimated the number of awards expected to be forfeited and adjusted the estimate when it was no longer probable that employees would fulfill their service conditions. The Company uses historical data to determine these assumptions.



	Year Ended December 31,
	2017	2016	2015
Expected volatility range of stock	37.4% - 40.8%	N/A	34.0% - 36.2%
Expected life of option, range in years	5	N/A	3 - 5
Risk-free interest range rate	1.8% - 1.9%	N/A	0.9% - 1.5%
Expected dividend yield on stock	0.0% - 0.0%	N/A	0.0% - 0.0%

A summary of the Company’s stock option activity under the 2003 Plan and 2013 Plan for the years ended December 31, 2017 and 2016 is presented below:



(in millions, except per share amounts and years)	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Options outstanding at December 31, 2015	2.1		$	42.75
Granted	—		—
Released	(0.6	)	24.72
Forfeited	—		58.37
Options outstanding at December 31, 2016	1.5		$	50.46
Granted	0.6		69.04
Released	(0.3	)	38.44
Forfeited	(0.1	)	67.45
Options outstanding at December 31, 2017	1.7		$	58.93	6.98	$	1.5

Options exercisable at December 31, 2017	0.9		$	51.57	5.66	$	10.2

The aggregate intrinsic value of options exercised during the years ended December 31, 2017, 2016 and 2015 was $5.4 million, $23.9 million and $71.8 million, respectively.

Cash received from options exercised under all stock-based compensation plans, including cash received from options issued from treasury shares, for the years ended December 31, 2017, 2016 and 2015, was $12.8 million, $15.7 million, and $20.4 million, respectively.

A summary of the Company’s unvested shares relating to stock options as of December 31, 2017 and 2016, and changes during the years ended December 31, 2017 and 2016, are presented below:



(shares in millions)	Shares		Weighted Average Grant Date Fair Value
Options unvested at December 31, 2015	0.8		$	62.34
Granted	—		—
Vested	(0.3	)	61.28
Forfeited	—		58.37
Options unvested at December 31, 2016	0.5		$	63.09
Granted	0.6		69.04
Vested	(0.3	)	61.69
Forfeited	(0.1	)	67.45
Options unvested at December 31, 2017	0.7		$	67.95

Restricted/Deferred Stock Units

A summary of the Company's RSU and DSU activity and related information for the years ended December 31, 2017 and 2016 is presented below:



(in millions, except per share amounts)	Shares		Weighted Average Release Price		Aggregate Intrinsic Value
Awards outstanding at December 31, 2015	0.1		$	66.41
Granted	0.3		53.77
Vested	—		60.17
Terminated	—		53.45
Awards outstanding at December 31, 2016	0.4		$	59.37
Granted	0.4		68.08
Vested	(0.1	)	54.20
Terminated	(0.1	)	64.66
Awards outstanding at December 31, 2017	0.6		$	64.94	$	41.7

The aggregate intrinsic value of RSUs and DSUs vested during the year ended December 31, 2017 was $4.6 million.

Excluding any potential compensation expense related to the 2017 Aspirational Plan PRSUs and 2019 Aspirational Plan PRSUs discussed above, a summary of total unrecognized stock-based compensation expense based on current performance estimates related to stock options, DSUs, RSUs and PRSUs for the year ended December 31, 2017 is presented below:



(in millions, except years)	December 31, 2017		Weighted Average Remaining Vesting Period (Years)
Unrecognized stock option expense	$	12.0	2.66
Unrecognized DSU/RSU expense	4.8		2.65
Unrecognized PRSU expense	25.8		2.69
Total unrecognized stock-based compensation expense	$	42.6	2.67

Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(a) Lease Commitments. The Company has various operating leases that call for annual rental payments due in equal monthly installments and a lease with a rent free occupancy period. The Company’s policy is to recognize expense for lease payment, including those with escalating provisions and rent free periods, on a straight-line basis over the lease term. Operating lease expenses were $41.6 million, $33.5 million, and $41.4 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Future minimum lease payments at December 31, 2017 under these non-cancelable leases are as follows:



(in millions)
Year Ended December 31,
2018	$	39.5
2019	29.6
2020	22.5
2021	20.1
2022	15.5
Thereafter	40.1
	$	167.3

The Company has the option to renew certain plant operating leases, with the longest renewal period extending through 2043. Certain of the operating leases provide for increased rent through increases in general price levels. The Company recognizes rent expense in these situations on a straight-line basis over the lease term.

(b) Purchase Commitments. The Company will, from time to time, enter into limited purchase commitments for the purchase of certain raw materials. Amounts committed under these programs are not significant to the Company as of December 31, 2017 and 2016.

(c) David Buehring, Individually and on Behalf of All Others Similarly Situated v. Tempur Sealy International, Inc., Scott L. Thompson, and Barry A. Hytinen, filed March 24, 2017.

On March 24, 2017, a suit was filed against Tempur Sealy International, Inc. and two of its officers in the U.S. District Court for the Southern District of New York, purportedly on behalf of a proposed class of stockholders who purchased Tempur Sealy common stock between July 28, 2016 and January 27, 2017. The complaint alleges that the Company made materially false and misleading statements regarding its then existing and future financial prospects, including those with one of its retailers, Mattress Firm, allegedly in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The Company does not believe the claims have merit and intends to vigorously defend against these claims. A Motion to Dismiss the case was filed by the Company on October 5, 2017. The plaintiffs filed their opposition to the Motion to Dismiss on November 20, 2017, and the Company filed its reply on December 21, 2017. The Court has not yet ruled on the Company’s Motion to Dismiss. The case is still in the early stages of litigation and there has been no discovery in the case. As a result, the outcome of the case is unclear and the Company is unable to reasonably estimate the possible loss, or range of loss, if any. Accordingly, the Company can give no assurance that this matter will not have a material adverse effect on the Company’s financial position or results of operations.

(d) Myla Gardner v. Scott L. Thompson, Barry A. Hytinen, Evelyn S. Dilsaver, John A. Heil, Jon L. Luther, Usman Nabi, Richard W. Neu, Robert B. Trussell, Jr. and Tempur Sealy International, Inc., filed July 10, 2017; Joseph L. Doherty v. Scott L. Thompson, Barry A. Hytinen, Evelyn S. Dilsaver, John A. Heil, Jon L. Luther, Usman Nabi, Richard W. Neu, Robert B. Trussell, Jr. and Tempur Sealy International, Inc., filed July 20, 2017; and Paul Onesti v. Scott L. Thompson, Barry A. Hytinen, Evelyn S. Dilsaver, John A. Heil, Jon L. Luther, Usman Nabi, Richard W. Neu, Robert B. Trussell, Jr. and Tempur Sealy International, Inc., filed July 21, 2017.

Three putative shareholder derivative suits were filed against the Company, each member of its Board of Directors and two of its officers in July 2017. Two suits were filed in the Fayette County Circuit Court on July 10, 2017 and July 14, 2017, respectively, and the third was filed in the U.S. District Court for the Eastern District of Kentucky on July 21, 2017. Each complaint alleges that the Board of Directors and officers caused the Company to make materially false and misleading statements regarding its business and financial prospects, including those with one of its retailers, Mattress Firm, which was a violation of the fiduciary duties they owed to the Company. The Company does not believe any of the suits have merit and intends to vigorously defend against the claims in each case. The Plaintiffs in each of the cases have agreed to stay their respective actions until after a decision is rendered on the Motion to Dismiss in the Buehring action noted above. These cases are in the early stages of litigation, and as a result the outcome of each case is unclear, so the Company is unable to reasonably estimate the possible loss, or range of loss, if any.

(e) Mattress Firm, Inc. v. Tempur-Pedic North America, LLC and Sealy Mattress Company, filed March 30, 2017.

On March 30, 2017, a suit was filed against Tempur-Pedic North America, LLC and Sealy Mattress Company (two wholly-owned subsidiaries of the Company) in the District Court of Harris County, Texas by Mattress Firm. The complaint alleges breach of contract, tortious interference and seeks a declaratory judgment with respect to the interpretation of its agreements with the Company. On April 7, 2017, the Company's subsidiaries named above, among others, filed suit against Mattress Firm in the U.S. District Court for the Southern District of Texas, Houston Division, seeking injunctive relief and damages for trademark infringement, unfair competition and trademark dilution in violation of the Lanham Act, and breach of contract and other state law violations. The complaint alleges that Mattress Firm violated the parties' transition agreements dated January 30, 2017, and consequently, federal and state law, by its use of the Company’s trademarks after April 3, 2017. On April 28, 2017, the complaint was amended to add a claim by Sealy Mattress Company for nonpayment by Mattress Firm for products sold and delivered. On May 23, 2017, the complaint was further amended to add allegations that Mattress Firm continued to use the Company’s trade names and trademarks on its website and in advertising in an inappropriate manner. On July 11, 2017, the Court issued a preliminary injunction prohibiting Mattress Firm from using the Company’s names and marks in such manner. On July 17, 2017, the complaint was further amended to add allegations that despite representations to the contrary, Mattress Firm continued to use the Company’s trade names and trademarks on its website and in advertising. On July 31, 2017, the complaint was further amended to address false and misleading advertising by Mattress Firm in the form of a YouTube video in violation of federal and state law, and in violation of the agreements between the parties. On December 7, 2017, the complaint was further amended to address false and misleading advertising by Mattress Firm through their Dare to Compare advertising campaign. Discovery is proceeding in both the Texas District Court case filed by Mattress Firm and the U.S. District Court case filed by the Company’s subsidiaries.

The Company does not believe the claims asserted by Mattress Firm have merit and intends to vigorously defend against them. The cases are still in the early stages of litigation, and as a result, the outcome remains unclear so the Company is unable to reasonably estimate the possible loss, or range of loss, if any. Accordingly, the Company can give no assurance that these matters will not have a material adverse effect on the Company’s financial position or results of operations.

(f) 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 other pending legal proceedings in the aggregate will not have a material adverse effect on its business, financial condition, liquidity, or operating results.

Income Taxes

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act of 2017 (public law 115-97, the “U.S. Tax Reform Act”). The U.S. Tax Reform Act reduces the U.S. federal corporate income tax rate from 35% to 21%. The U.S. Tax Reform Act implements a new territorial tax system that imposes a one-time transition tax, or deemed repatriation, on the earnings and profits of the Company’s controlled and non-controlled foreign subsidiaries to the extent such earnings and profits have not previously been subject to U.S. income tax (the “Transition Tax”). The amount subject to tax is reduced pursuant to the U.S. Tax Reform Act by a dividend received deduction, and as such, the amount that is taxable is substantially less than the amount of previously untaxed earnings and profits. The amount of the Transition Tax is based in part on the amount of earnings held by the foreign subsidiaries in cash and other specified assets. While the effective date of the new corporate tax rates for the Company is January 1, 2018, the Company is required to calculate the effects of changes in tax rates and laws on deferred tax balances in 2017, the period in which the legislation was enacted. For the year-ended December 31, 2017, enactment of the U.S. Tax Reform Act resulted in the following impacts to income tax provision:

Remeasurement of deferred taxes

The remeasurement of deferred tax assets and liabilities at the lower enacted U.S. federal corporate tax rate resulted in a net benefit to income tax provision of approximately $69.7 million for the year ended December 31, 2017, which represents a benefit to the Company’s effective income tax rate of approximately 37.0%. The reduction in the federal income tax rate indirectly impacted the Company’s state income tax rate applicable to its state deferred income tax assets and liabilities to the extent such items are reported net of federal income tax expense or benefit. The applicable combined income tax rate used to measure the deferred income tax assets and liabilities of the U.S. companies in the consolidated group at December 31, 2017 and 2016 was approximately 25.7% and 39.0%, respectively.

Transition tax

The Transition Tax resulted in a $45.9 million increase in income tax expense for the year ended December 31, 2017, which represents an increase to the Company’s effective tax rate of approximately 24.4%.

Global Intangible Low-Taxed Income

The U.S. Tax Reform Act subjects U.S. taxpayers to current tax on “global intangible low-taxed income” (“GILTI”) of its controlled foreign corporations. GAAP provides that a taxpayer may elect to either record a charge for the GILTI tax in a future period to the extent such tax arises in that period, or to record the future impact to the taxpayer of GILTI as part of deferred taxes related to its controlled foreign corporations. The Company is evaluating the accounting for the effects of the GILTI tax law provisions. Such evaluation is not yet complete. As such, the Company has not yet made an accounting policy election with respect to GILTI.

The estimated impacts of the U.S. Tax Reform Act recorded during the year ended December 31, 2017 are provisional in nature, and the Company will continue to assess the impact of the U.S. Tax Reform Act and will record adjustments through the income tax provision in the relevant period as authoritative guidance is made available to the public. In addition, in reflecting the impact of the U.S. Tax Reform Act in the Company’s 2017 consolidated financial statements it was necessary to, in some cases, make estimates of one or more items to calculate such impact during the measurement period. Accordingly, the impact of the U.S. Tax Reform Act may differ from the Company's provisional estimates due to and among other factors, information currently not available, changes in interpretations and the issuance of additional guidance, as well as changes in assumptions the Company has currently made, including actions the Company may take in future periods as a result of the U.S. Tax Reform Act.

In particular, there is currently a lack of clarity regarding the application of the executive compensation deduction limitations and state tax implications as a result of the U.S. Tax Reform Act. The Company currently estimates that the effect of the U.S. Tax Reform Act on executive compensation deduction limitations will primarily be effective in future periods. With regard to state tax implications, the Company generally expects state taxable income will increase as a result of deduction limitations associated with the U.S. Tax Reform Act, though the impact is not currently reasonably estimable as most U.S. state tax jurisdictions have not responded to the specific effects of the U.S. Tax Reform Act. The Company will make relevant updates to management's estimates and assumptions as additional information becomes available.

The following sets forth the amount of income before income taxes attributable to each of the Company’s geographies for the years ended December 31, 2017, 2016 and 2015:



	Year Ended December 31,
(in millions)	2017		2016		2015
Income before income taxes:
United States	$	97.2	$	179.0	$	120.2
Rest of the world	91.2		92.8		70.9
	$	188.4	$	271.8	$	191.1

The Company’s effective income tax provision differs from the amount calculated using the statutory U.S. federal income tax rate, principally due to the following:



	Year Ended December 31,
	2017					2016					2015
(dollars in millions)	Amount			Percentage of Income Before Income Taxes		Amount			Percentage of Income Before Income Taxes		Amount			Percentage of Income Before Income Taxes
Statutory U.S. federal income tax	$	65.9		35.0	%	$	95.1		35.0	%	$	66.9		35.0	%
State income taxes, net of federal benefit	(0.6		)	(0.3	)%	8.0			2.9	%	1.1			0.6	%
Foreign repatriation, net of foreign tax credits	—			—		(4.3		)	(1.6	)%	—			—
Foreign tax differential	(11.6		)	(6.1	)%	(11.9		)	(4.4	)%	(10.0		)	(5.2	)%
Change in valuation allowances	8.3			4.4	%	20.2			7.4	%	2.5			1.3	%
Uncertain tax positions	0.2			0.0	%	(27.1		)	(9.9	)%	59.7			31.2	%
Subpart F income	2.7			1.4	%	2.0			0.7	%	1.9			1.0	%
Manufacturing deduction	(1.9		)	(1.0	)%	(4.2		)	(1.5	)%	(1.6		)	(0.8	)%
Remeasurement of deferred taxes	(69.7		)	(37.0	)%	—			—		—			—
Transition Tax	45.9			24.4	%	—			—		—			—
Permanent and other	8.5			4.5	%	9.0			3.3	%	4.9			2.5	%
Effective income tax provision	$	47.7		25.3	%	$	86.8		31.9	%	$	125.4		65.6	%

Subpart F income represents interest and royalties earned by a foreign subsidiary as well as sales made by certain foreign subsidiaries outside of their country of incorporation and is taxable to Tempur Sealy International as if earned directly by Tempur Sealy International. The Transition Tax represents taxes on certain foreign sourced earnings and profits that were previously tax deferred.

The income tax provision consisted of the following:



	Year Ended December 31,
(in millions)	2017			2016			2015
Current provision
Federal	$	73.5		$	73.5		$	107.1
State	3.1			4.5			7.2
Foreign	31.3			39.9			32.4
Total current	$	107.9		$	117.9		$	146.7
Deferred provision
Federal	$	(67.7	)	$	(21.4	)	$	(12.3	)
State	7.5			1.6			(3.7		)
Foreign	—			(11.3		)	(5.3		)
Total deferred	(60.2		)	(31.1		)	(21.3		)
Total income tax provision	$	47.7		$	86.8		$	125.4

The income tax provision includes federal, state, and foreign income taxes currently payable and those deferred or prepaid because of temporary differences between financial statement and tax bases of assets and liabilities. The Company records income taxes under the liability method. Under this method, deferred income taxes are recognized for the estimated future tax effects of differences between the tax bases of assets and liabilities and their financial reporting amounts based on enacted tax laws. The amount provided for deferred income taxes reflects that impact of the revaluation of the Company's deferred income tax assets and liabilities required as the result of the change in the U.S. federal and state income tax rates, as discussed above.

The net deferred tax assets and liabilities recognized in the accompanying Consolidated Balance Sheets, determined using the income tax rate applicable to each period, consist of the following:



	December 31,
(in millions)	2017			2016
Deferred tax assets:
Stock-based compensation	$	10.6		$	18.4
Accrued expenses and other	36.3			49.9
Net operating losses, foreign tax credits and other tax attribute carryforwards	92.9			98.5
Inventories	6.2			7.2
Transaction costs	13.4			10.2
Property, plant and equipment	2.8			3.4
Total deferred tax assets	162.2			187.6
Valuation allowances	(55.1		)	(45.2		)
Total net deferred tax assets	$	107.1		$	142.4
Deferred tax liabilities:
Intangible assets	$	(161.9	)	$	(242.4	)
Property, plant and equipment	(29.5		)	(42.4		)
Accrued expenses and other	(6.4		)	(9.7		)
Total deferred tax liabilities	(197.8		)	(294.5		)
Net deferred tax liabilities	$	(90.7	)	$	(152.1	)

No additional income taxes have been provided for any remaining undistributed foreign earnings not subject to the Transition Tax, or any additional outside basis differences inherent in these entities, as these amounts continue to be indefinitely reinvested in foreign operations. At December 31, 2017, the Company’s tax basis in its top tier foreign subsidiary exceeded the Company’s book basis in this subsidiary in the hands of the top tier foreign subsidiary's U.S. shareholder. The Company has not recorded a deferred tax asset on such excess tax basis as it is not apparent that the excess tax basis 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 such foreign subsidiaries' shareholders. By operation of the tax laws of the various countries in which these subsidiaries are domiciled, earnings of lower tier foreign subsidiaries are not subject to tax, in all material respects, when distributed to a foreign shareholder. It is the Company’s intent that the earnings of each lower tier foreign subsidiary, with the exception of its Danish subsidiary and one of its Canadian subsidiaries, will be permanently reinvested in each such foreign subsidiaries' own operations. As it relates to the Danish subsidiary, its earnings may be distributed without any income tax impact. Thus, no tax is provided for with respect to the book to tax basis difference of its stock. With respect to the Canadian subsidiary, Canadian income tax withholding applies to any distribution it makes to its foreign parent company. At December 31, 2017, the Company has concluded that the Canadian subsidiary does not have accumulated earnings in excess of its operating needs. As such no Canadian withholding tax has been accrued at December 31, 2017.

The Company has the following gross income tax attributes available at December 31, 2017 and 2016, respectively:



(in millions)	2017		2016
State net operating losses (“SNOLs”)	$	133.9	$	131.2
U.S. federal foreign tax credits (“FTCs”)	12.2		12.2
U.S. state income tax credits ("SITCs")	8.1		4.0
Foreign net operating losses (“FNOLs”)	33.1		34.1
Charitable contribution carryover ("CCCs")	18.0		38.4

The SNOLs, FTCs, SITCs, FNOLs and CCCs generally expire in 2021, 2023, 2023, 2023 and 2020, respectively.

Management believes that, based on a number of factors, the available objective evidence creates sufficient uncertainty regarding the realizability of certain of the SNOLs, FTCs, SITCs, FNOLs, CCCs and certain other deferred tax assets related to certain foreign operations (together, the “Tax Attributes”). In assessing the realizability of deferred tax assets (including the Tax Attributes), management considers whether it is more likely than not that some portion of all of such deferred tax assets will not be realized. Accordingly, the Company has established a valuation allowance for certain Tax Attributes. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible or creditable. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. The Company has recorded valuation allowances against approximately $124.2 million of the SNOLs, $12.2 million of the FTCs, and $8.1 million of SITCs. With respect to all other tax attributes above, based upon the level of historical taxable income and projections for future taxable income, management believes it is more likely than not the Company will realize the benefits of the underlying deferred tax assets. However, there can be no assurance that such assets will be realized if circumstances change.

GAAP prescribes a recognition threshold and measurement attribute for the accounting and financial statement disclosure of tax positions taken or expected to be taken in a tax return. The evaluation of a tax position is a two-step process. The first step requires the Company to determine whether it is more likely than not that a tax position will be sustained upon examination based on the technical merits of the position. The second step requires the Company to recognize in the financial statements each tax position that meets the more likely than not criteria, measured at the largest amount of benefit that has a greater than 50.0% likelihood of being realized. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



(in millions)
Balance as of December 31, 2015	$	69.8
Additions based on tax positions related to 2016	2.5
Additions for tax positions of prior years	29.2
Expiration of statutes of limitations	(5.0		)
Settlements of uncertain tax positions with tax authorities	(24.8		)
Balance as of December 31, 2016	$	71.7
Additions based on tax positions related to 2017	3.9
Additions for tax positions of prior years	11.4
Expiration of statutes of limitations	—
Settlements of uncertain tax positions with tax authorities	(2.5		)
Balance as of December 31, 2017	$	84.5

The amount of unrecognized tax benefits that would impact the effective tax rate if recognized at December 31, 2017, 2016 and 2015 would be $31.7 million, $21.4 million and $67.7 million, respectively. Interest and penalties related to unrecognized tax benefits are recorded in income tax expense. During the years ended December 31, 2017, 2016 and 2015, the Company recognized approximately $0.4 million, $1.6 million, and $33.5 million in interest and penalties, respectively, in income tax expense. The Company had approximately $59.9 million, $52.3 million, and $43.8 million of accrued interest and penalties at December 31, 2017, 2016, and 2015, respectively.

The Company has received income tax assessments from the Danish Tax Authority ("SKAT") with respect to the tax years 2001 through 2008 relating to the royalty paid by a U.S. subsidiary of Tempur Sealy International to a Danish subsidiary (the "Danish Assessments"). The royalty is paid by the U.S. subsidiary for the right to utilize certain intangible assets owned by the Danish subsidiary in the U.S. production process. In its assessment, SKAT asserts that the amount of royalty rate paid by the U.S. subsidiary to the Danish subsidiary is not reflective of an arms-length transaction. Accordingly, the tax assessment received from SKAT is based, in part, on a 20% royalty rate, which is substantially higher than that historically used or deemed appropriate by the Company.

The cumulative total tax assessment for the Danish Assessments at December 31, 2017 for all years for which an assessment has been received (2001 - 2008) is approximately Danish Krone ("DKK") 1,638.4 million, including interest and penalties ($264.3 million, based on the DKK to USD exchange rate on December 31, 2017). The cumulative total tax assessment at December 31, 2016 for all years for which an assessment had been received up through that date (2001 - 2008), including interest and penalties, was approximately DKK 1,547.3 million ($219.3 million, based on the DKK to USD exchange rate on December 31, 2016). If SKAT continues to issue assessments for each year not currently assessed, the Company expects the aggregate assessments for such years (2009 - 2017) to be in excess of the amounts described above as assessed for the years 2001 - 2008 (collectively the years 2001 through 2017 are referred to as the "Danish Tax Matter").

At December 31, 2017 and 2016, the Company had accrued Danish tax and interest for the Danish Tax Matter of approximately DKK 854 million and DKK 850 million respectively (approximately $137.8 million and $120.6 million using the December 31, 2017 and 2016 exchange rates, as applicable) as an uncertain income tax liability. Approximately DKK 835 million (approximately $134.8 million and $118.5 million using December 31, 2017 and 2016 exchange rates, as applicable) represents the amount that the Company and SKAT preliminarily agreed to in a non-binding proposed resolution for the years 2001 through 2011. The balance of approximately DKK 18 million and DKK 15 million (approximately $3.0 million and $2.1 million respectively using the December 31, 2017 and 2016 exchange rates, as applicable) may be subject to further negotiation in the future as part of an Advanced Pricing Agreement the Company may choose to pursue for years after 2011. The amount accrued is included in other non-current liabilities on the Company's Consolidated Balance Sheets. In addition, at December 31, 2017 and 2016 the Company had recorded a deferred tax asset of approximately $47.2 million and $43.5 million, respectively, for the U.S. correlative benefit related to this matter. At December 31, 2017 and 2016, the Company has recorded a valuation allowance with respect to this benefit of approximately $19.3 million and $17.6 million related to years for which relief may not be realized. Because the Company is in a net deferred tax liability position, the deferred tax asset referred to herein is netted with the Company’s deferred tax liabilities as reflected on the Consolidated Balance Sheets at December 31, 2017 and 2016.

The Company’s uncertain tax liability associated with the Danish Tax Matter is derived using the cumulative probability analysis with possible outcomes based on the Company's updated evaluation of the facts and circumstances regarding this matter and applying the technical requirements applicable to U.S., Danish, and international transfer pricing standards as required by GAAP, taking into account both the U.S. and Danish income tax implications of such outcomes. Both the uncertain tax liability and the deferred tax asset discussed herein reflects the Company’s best judgment of the facts, circumstances and information available through December 31, 2017.

If the Company is not successful in defending its position before the Danish National Tax Tribunal (the "Tribunal"), the appeals division within SKAT, or in the Danish courts or in negotiating a mutually acceptable settlement, there is significant risk that the Company could be required to pay a significant amount to SKAT in excess of any related reserve. Such an outcome could have a material adverse impact on the Company’s profitability and liquidity. In addition, prior to any ultimate resolution of this issue before the Tribunal or the Danish courts, based on a change in facts and circumstances, the Company may be required to further increase its uncertain tax liability associated with this matter, which could have a material impact on the Company's reported earnings.

Interest and penalties related to unrecognized tax benefits are recorded in income tax expense. It is reasonably possible that there could be material changes to the amount of uncertain tax positions due to activities of the taxing authorities, settlement of audit issues, reassessment of existing uncertain tax positions, including the Danish tax matter, or the expiration of applicable statute of limitations; however, the Company is not able to estimate the impact of these items at this time.

From June 2012 through December 31, 2017, SKAT withheld Value Added Tax refunds otherwise owed to the Company, pending resolution of this matter. Total withheld refunds at December 31, 2017 and 2016 are approximately DKK 336.5 million (approximately $54.1 million) and DKK 258.0 million (approximately $36.6 million), respectively. In July 2016, the Company paid a deposit to SKAT in the amount of approximately DKK 615.2 (approximately $98.9 million and $87.2 million using the applicable exchange rates at December 31, 2017 and 2016, respectively) (the “Tax Deposit”) and applied approximately DKK 224.6 million (approximately $36.1 million and $31.8 million using the exchange rate at December 31, 2017 and 2016) of its Value Added Tax refund (the “VAT Refund Applied”) to the aforementioned potential Danish income tax liability, consistent with the Company’s reserve position for this royalty matter. The deposit was made to mitigate additional interest and foreign exchange exposure. The Tax Deposit and the VAT Refund Applied are included within other non-current assets on the Consolidated Balance Sheets.

The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. In the quarter ended September 30, 2015, the Company was advised by the IRS that the federal income tax return for 2013 would be examined. That examination was settled and finalized in the fourth quarter of 2016 commensurate with the Company’s expectations.

With few exceptions, the Company is no longer subject to tax examinations by the U.S. state and local municipalities for periods prior to 2011, and in non-U.S. jurisdictions for periods prior to 2001.

Additionally, 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 will be material to the Consolidated Financial Statements. Other than the changes discussed in the preceding paragraphs, particularly as it relates to the Danish royalty matter, there were no significant changes to the liability for unrecognized tax benefits during the year ended December 31, 2017.

Non-controlling Interests	12 Months Ended
Non-controlling Interests	Dec. 31, 2017
Noncontrolling Interest [Abstract]
Non-controlling Interests	Non-controlling Interests The Company's call arrangement with Comfort Revolution may be exercised by the Company on December 31, 2019. The put arrangement may be exercised by Comfort Revolution on December 31, 2020. The redemption value for both the put and the call arrangement is equal to 7.5 times EBITDA, as defined in the related limited liability company ("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 Consolidated Balance Sheets 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. As of December 31, 2017 and 2016, the accumulated earnings exceeded the redemption value and, accordingly, a redemption value adjustment was not necessary. During the year ended December 31, 2016, the Company acquired 51% of the outstanding equity of an entity included in the North America segment with the remaining 49% representing non-controlling interest. The non-controlling interest was originally recorded at its acquisition date fair value in “Stockholders’ (deficit) equity” in the Consolidated Balance Sheets at December 31, 2016 as the non-controlling interest is not redeemable currently or in future periods. During the year ended December 31, 2017, the Company acquired the remaining 49% equity interest.

Earnings Per Common Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Common Share

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



	Year Ended December 31,
(in millions, except per common share amounts)	2017		2016		2015
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$	151.4	$	190.6	$	64.5

Denominator:
Denominator for basic earnings per common share—weighted average shares	54.0		59.0		61.7
Effect of dilutive securities:
Employee stock-based compensation	0.7		0.8		0.9
Denominator for diluted earnings per common share—adjusted weighted average shares	54.7		59.8		62.6

Basic earnings per common share	$	2.80	$	3.23	$	1.05

Diluted earnings per common share	$	2.77	$	3.19	$	1.03

The Company excluded 1.3 million, 0.4 million and 0.2 million shares issuable upon exercise of outstanding stock options for the years ended December 31, 2017, 2016, and 2015, 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 have voting rights or rights to receive any dividends thereon.

Business Segment Information

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Business Segment Information

The Company operates in two segments: North America and International. Corporate operating expenses are not included in either of the segments and are presented separately as a reconciling item to consolidated results. These segments are strategic business units that are managed separately based on geography. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S. and Canada. The International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. The Company evaluates segment performance based on net sales, gross profit and operating income. There were no customers that contributed more than 10% of the Company's sales in 2017. Mattress Firm, previously a customer in the North America segment, represented 21.4% and 23.7% of the Company's sales for the year ended December 31, 2016, and 2015, respectively.

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

The following table summarizes total assets by segment:



	December 31,			December 31,
(in millions)	2017			2016
North America	$	2,759.4		$	2,581.4
International	609.4			568.8
Corporate	627.3			658.7
Inter-segment eliminations	(1,302.1		)	(1,110.1		)
Total assets	$	2,694.0		$	2,698.8

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



	December 31,		December 31,
(in millions)	2017		2016
North America	$	307.6	$	297.4
International	54.7		54.9
Corporate	72.8		69.9
Total property, plant and equipment, net	$	435.1	$	422.2

The following table summarizes segment information for the year ended December 31, 2017:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Bedding sales	$	2,051.8	$	470.0		$	—		$	—		$	2,521.8
Other sales	122.0		110.6			—			—			232.6
Net sales	2,173.8		580.6			—			—			2,754.4

Inter-segment sales	$	3.8	$	0.9		$	—		$	(4.7	)	$	—
Gross profit	844.7		296.0			—			—			1,140.7
Inter-segment royalty expense (income)	5.5		(5.5		)	—			—			—
Operating income (loss)	273.2		104.9			(89.7		)	—			288.4
Income (loss) before income taxes	276.0		77.5			(165.1		)	—			188.4

Depreciation and amortization ⁽¹⁾	$	51.4	$	14.7		$	28.5		$	—		$	94.6
Capital expenditures	39.9		9.4			17.7			—			67.0


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

The following table summarizes segment information for the year ended December 31, 2016:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Bedding sales	$	2,447.8	$	445.1		$	—		$	—		$	2,892.9
Other sales	122.3		113.7			—			—			236.0
Net sales	2,570.1		558.8			—			—			3,128.9

Inter-segment sales	$	4.5	$	0.4		$	—		$	(4.9	)	$	—
Gross profit	1,017.4		290.1			—			—			1,307.5
Inter-segment royalty expense (income)	7.2		(7.2		)	—			—			—
Operating income (loss)	411.8		97.6			(99.0		)	—			410.4
Income (loss) before income taxes	406.8		82.5			(217.5		)	—			271.8

Depreciation and amortization ⁽¹⁾	$	43.7	$	15.6		$	30.2		$	—		$	89.5
Capital expenditures	32.8		15.3			14.3			—			62.4


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

The following table summarizes segment information for the year ended December 31, 2015:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Bedding sales	$	2,428.9	$	461.1		$	—		$	—		$	2,890.0
Other sales	148.3		116.3			—			—			264.6
Net sales	2,577.2		577.4			—			—			3,154.6

Inter-segment sales	$	5.9	$	0.7		$	—		$	(6.6	)	$	—
Gross profit	954.6		294.6			—			—			1,249.2
Inter-segment royalty expense (income)	7.1		(7.1		)	—			—			—
Operating income (loss)	335.6		96.3			(125.4		)	—			306.5
Income (loss) before income taxes	324.4		64.2			(197.5		)	—			191.1

Depreciation and amortization ⁽¹⁾	$	43.3	$	16.0		$	34.6		$	—		$	93.9
Capital expenditures	28.9		14.8			22.2			—			65.9


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

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



	December 31,		December 31,
(in millions)	2017		2016
United States	$	373.2	$	360.7
Canada	7.2		6.6
Other International	54.7		54.9
Total property, plant and equipment, net	$	435.1	$	422.2
Total International	$	61.9	$	61.5

The following table summarizes net sales by geographic region:



	Year Ended December 31,
(in millions)	2017		2016		2015
United States	$	1,954.2	$	2,361.8	$	2,374.7
Canada	219.6		208.3		202.5
Other International	580.6		558.8		577.4
Total net sales	$	2,754.4	$	3,128.9	$	3,154.6
Total International	$	800.2	$	767.1	$	779.9

Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (unaudited)

Quarterly results of operations for the years ended December 31, 2017 and 2016 are summarized below:



(in millions, except per share amounts)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2017
Net sales	$	722.1	$	659.3	$	724.8	$	648.2
Gross profit	286.6		268.6		312.2		273.3
Operating income	59.5		56.6		94.6		77.7
Net income	33.9		24.5		44.6		48.4
Basic earnings per common share	$	0.63	$	0.45	$	0.83	$	0.89
Diluted earnings per common share	$	0.62	$	0.45	$	0.81	$	0.88

2016
Net sales	$	721.0	$	804.4	$	832.4	$	771.1
Gross profit	291.0		336.9		362.1		317.5
Operating income	76.7		100.2		131.1		102.4
Net income	39.6		21.3		77.8		51.9
Basic earnings per common share	$	0.64	$	0.35	$	1.34	$	0.93
Diluted earnings per common share	$	0.63	$	0.35	$	1.32	$	0.92

In the second quarter of 2016, the Company recognized a $47.2 million loss on extinguishment of debt. As described in Note 13, "Income Taxes," during the fourth quarter of 2015, the Company recorded a change in estimate of its uncertain tax positions related to the Danish Tax Matter of approximately $60.7 million. In addition, in the third quarter of 2015 the Company recognized $9.5 million of other income from certain other non-recurring items, including the partial settlement of a legal dispute. In the first quarter of 2017, the Company recorded $25.9 million of net charges related to the termination of the relationship with Mattress Firm. As previously disclosed, in the third quarter of 2017, the Company recorded $11.7 million of charges related to a Latin American subsidiary. In the fourth quarter of 2017, the Company recorded $14.0 million of charges associated with this subsidiary. The Company has revised its financial statements for the fourth quarter of 2016 to record $11.5 million of charges associated with this subsidiary.

The sum of the quarterly earnings per common share amounts may not equal the annual amount reported because per share amounts are computed independently for each quarter and for the full year based on respective weighted-average common shares outstanding and other dilutive potential common shares. The Company’s quarterly operating results fluctuate as a result of seasonal variations in the Company’s business.

Guarantor/Non-Guarantor Financial Information

12 Months Ended

Dec. 31, 2017

Guarantor/Non-Guarantor Financial Information

Guarantor/Non-Guarantor Financial Information

The $450.0 million and $600.0 million aggregate principal amount of 2023 Senior Notes and 2026 Senior Notes (collectively the "Senior Notes"), respectively, are general unsecured senior obligations of Tempur Sealy International and are fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by the Combined Guarantor Subsidiaries. The $375.0 million aggregate principal amount of 2020 Senior Notes were general unsecured senior obligations at December 31, 2015 but were redeemed in full in 2016. The foreign subsidiaries (the "Combined Non-Guarantor Subsidiaries") represent the foreign operations of the Company and do not guarantee the Senior Notes. A subsidiary guarantor will be released from its obligations under the applicable indenture governing the Senior Notes when: (a) the subsidiary guarantor is sold or sells all or substantially all of its assets; (b) the subsidiary is declared "unrestricted" under the applicable indenture governing the Senior Notes; (c) the subsidiary’s guarantee of indebtedness under the 2016 Credit Agreement (as it may be amended, refinanced or replaced) is released (other than a discharge through repayment); or (d) the requirements for legal or covenant defeasance or discharge of the applicable indenture have been satisfied. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with the Company’s wholly-owned subsidiary guarantors and non-guarantor subsidiaries. The Company has accounted for its investments in its subsidiaries under the equity method.

The following financial information presents Consolidated Balance Sheets as of December 31, 2017 and December 31, 2016, and the related Consolidated Statements of Income and Comprehensive Income and Cash Flows for the years ended December 31, 2017, 2016 and 2015 for Tempur Sealy International, Combined Guarantor Subsidiaries and Combined Non-Guarantor Subsidiaries.

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,961.2		$	862.5		$	(69.3	)	$	2,754.4
Cost of sales	—			1,185.4			497.6			(69.3		)	1,613.7
Gross profit	—			775.8			364.9			—			1,140.7
Selling and marketing expenses	5.6			406.8			188.9			—			601.3
General, administrative and other expenses	17.5			176.6			78.9			—			273.0
Customer termination charges, net	(8.4		)	21.7			1.1			—			14.4
Equity income in earnings of unconsolidated affiliates	—			—			(15.6		)	—			(15.6		)
Royalty income, net of royalty expense	—			(20.8		)	—			—			(20.8		)
Operating (loss) income	(14.7		)	191.5			111.6			—			288.4

Other expense, net:
Third party interest expense, net	59.6			26.0			22.4			—			108.0
Intercompany interest (income) expense, net	(4.7		)	8.3			(3.6		)	—			—
Interest expense, net	54.9			34.3			18.8			—			108.0
Other (income) expense, net	—			(17.2		)	9.2			—			(8.0		)
Total other expense, net	54.9			17.1			28.0			—			100.0

Income from equity investees	193.1			51.3			—			(244.4		)	—

Income before income taxes	123.5			225.7			83.6			(244.4		)	188.4
Income tax benefit (provision)	17.2			(32.6		)	(32.3		)	—			(47.7		)
Net income before non-controlling interests	140.7			193.1			51.3			(244.4		)	140.7
Less: Net loss attributable to non-controlling interests	(10.7		)	(5.2		)	(5.5		)	10.7			(10.7		)
Net income attributable to Tempur Sealy International, Inc.	$	151.4		$	198.3		$	56.8		$	(255.1	)	$	151.4

Comprehensive income	$	179.4		$	193.0		$	89.9		$	(282.9	)	$	179.4

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,355.9		$	837.6		$	(64.6	)	$	3,128.9
Cost of sales	—			1,409.4			476.6			(64.6		)	1,821.4
Gross profit	—			946.5			361.0			—			1,307.5
Selling and marketing expenses	2.9			458.6			187.0			—			648.5
General, administrative and other expenses	14.8			186.8			79.8			—			281.4
Equity income in earnings of unconsolidated affiliates	—			—			(13.3		)	—			(13.3		)
Royalty income, net of royalty expense	—			(19.5		)	—			—			(19.5		)
Operating (loss) income	(17.7		)	320.6			107.5			—			410.4

Other expense, net:
Third party interest expense, net	66.0			15.4			10.2			—			91.6
Intercompany interest (income) expense, net	(4.1		)	(0.1		)	4.2			—			—
Interest expense, net	61.9			15.3			14.4			—			91.6
Loss on extinguishment of debt	34.3			12.9			—			—			47.2
Other (income) expense, net	—			(1.4		)	1.2			—			(0.2		)
Total other expense, net	96.2			26.8			15.6			—			138.6

Income from equity investees	260.1			65.3			—			(325.4		)	—

Income before income taxes	146.2			359.1			91.9			(325.4		)	271.8
Income tax benefit (provision)	38.8			(99.0		)	(26.6		)	—			(86.8		)
Net income before non-controlling interests	185.0			260.1			65.3			(325.4		)	185.0
Less: Net loss attributable to non-controlling interests	(5.6		)	—			(5.6		)	5.6			(5.6		)
Net income attributable to Tempur Sealy International, Inc.	$	190.6		$	260.1		$	70.9		$	(331.0	)	$	190.6

Comprehensive income	$	183.5		$	260.4		$	63.5		$	(323.9	)	$	183.5

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2015

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,422.9		$	782.4		$	(50.7	)	$	3,154.6
Cost of sales	—			1,532.6			423.5			(50.7		)	1,905.4
Gross profit	—			890.3			358.9			—			1,249.2
Selling and marketing expenses	4.1			460.1			183.8			—			648.0
General, administrative and other expenses	20.8			232.6			71.5			—			324.9
Equity income in earnings of unconsolidated affiliates	—			—			(11.9		)	—			(11.9		)
Royalty income, net of royalty expense	—			(18.3		)	—			—			(18.3		)
Operating (loss) income	(24.9		)	215.9			115.5			—			306.5

Other expense, net:
Third party interest expense, net	27.2			66.2			9.1			—			102.5
Intercompany interest expense (income), net	32.9			(35.5		)	2.6			—			—
Interest expense, net	60.1			30.7			11.7			—			102.5
Other (income) expense, net	—			(8.1		)	21.0			—			12.9
Total other expense, net	60.1			22.6			32.7			—			115.4

Income from equity investees	123.9			55.7			—			(179.6		)	—

Income before income taxes	38.9			249.0			82.8			(179.6		)	191.1
Income tax benefit (provision)	26.8			(125.1		)	(27.1		)	—			(125.4		)
Net income before non-controlling interests	65.7			123.9			55.7			(179.6		)	65.7
Less: Net income attributable to non-controlling interests	1.2			1.2			—			(1.2		)	1.2
Net income attributable to Tempur Sealy International, Inc.	$	64.5		$	122.7		$	55.7		$	(178.4	)	$	64.5

Comprehensive income	$	18.8		$	121.9		$	(2.4	)	$	(119.5	)	$	18.8

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Balance Sheets

December 31, 2017

(in millions)



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

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

LIABILITIES AND STOCKHOLDERS’ EQUITY

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

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

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

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Balance Sheets

December 31, 2016

(in millions)



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

Current Assets:
Cash and cash equivalents	$	—		$	7.9	$	57.8	$	—		$	65.7
Accounts receivable, net	—			197.7		143.9		—			341.6
Inventories	—			117.1		79.4		—			196.5
Income tax receivable	234.2			—		—		(234.2		)	—
Prepaid expenses and other current assets	—			48.9		15.0		—			63.9
Total Current Assets	234.2			371.6		296.1		(234.2		)	667.7
Property, plant and equipment, net	—			346.9		75.3		—			422.2
Goodwill	—			500.2		222.3		—			722.5
Other intangible assets, net	—			589.8		88.9		—			678.7
Deferred income taxes	20.6			—		22.5		(20.6		)	22.5
Other non-current assets	—			41.7		143.5		—			185.2
Net investment in subsidiaries	2,171.3			48.1		—		(2,219.4		)	—
Due from affiliates	168.4			1,868.1		14.4		(2,050.9		)	—
Total Assets	$	2,594.5		$	3,766.4	$	863.0	$	(4,525.1	)	$	2,698.8

LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY

Current Liabilities:
Accounts payable	$	0.1		$	157.0	$	77.9	$	—		$	235.0
Accrued expenses and other current liabilities	6.8			162.3		80.9		—			250.0
Income taxes payable	—			235.9		4.1		(234.2		)	5.8
Current portion of long-term debt	—			34.4		35.9		—			70.3
Total Current Liabilities	6.9			589.6		198.8		(234.2		)	561.1
Long-term debt, net	1,040.4			776.5		0.9		—			1,817.8
Deferred income taxes	—			174.9		20.3		(20.6		)	174.6
Other non-current liabilities	—			53.6		126.0		—			179.6
Due to affiliates	1,581.5			0.5		468.9		(2,050.9		)	—
Total Liabilities	2,628.8			1,595.1		814.9		(2,305.7		)	2,733.1

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

Total stockholders' (deficit) equity, net of non-controlling interests in subsidiaries	(44.9		)	2,171.3		37.5		(2,208.8		)	(44.9		)
Non-controlling interest in subsidiaries	3.0			—		3.0		(3.0		)	3.0
Total Stockholders’ (Deficit) Equity	(41.9		)	2,171.3		40.5		(2,211.8		)	(41.9		)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ (Deficit) Equity	$	2,594.5		$	3,766.4	$	863.0	$	(4,525.1	)	$	2,698.8

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 31, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(55.3	)	$	376.9		$	(98.7	)	$	—	$	222.9

CASH FLOWS FROM INVESTING ACTIVITIES:
Contributions (paid to) received from subsidiaries and affiliates	—			(129.7		)	129.7			—		—
Purchases of property, plant and equipment	—			(55.8		)	(11.2		)	—		(67.0		)
Proceeds from sale of property, plant and equipment	—			0.8			4.1			—		4.9
Net cash (used in) provided by investing activities	—			(184.7		)	122.6			—		(62.1		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	—			603.9			729.0			—		1,332.9
Repayments of borrowings under long-term debt obligations	—			(790.8		)	(680.7		)	—		(1,471.5		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	87.5			0.5			(88.0		)	—		—
Proceeds from exercise of stock options	12.8			—			—			—		12.8
Treasury stock repurchased	(44.9		)	—			—			—		(44.9		)
Payment of deferred financing costs	—			—			(0.5		)	—		(0.5		)
Other	—			(1.4		)	(2.6		)	—		(4.0		)
Net cash provided by (used in) financing activities	55.4			(187.8		)	(42.8		)	—		(175.2		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(9.4		)	—		(9.4		)
Increase (decrease) in cash and cash equivalents	0.1			4.4			(28.3		)	—		(23.8		)
CASH AND CASH EQUIVALENTS, beginning of period	—			7.9			57.8			—		65.7
CASH AND CASH EQUIVALENTS, end of period	$	0.1		$	12.3		$	29.5		$	—	$	41.9

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 31, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(63.1	)	$	110.7		$	117.9		$	—	$	165.5

CASH FLOWS FROM INVESTING ACTIVITIES:
Contributions (paid to) received from subsidiaries and affiliates	—			(76.7		)	76.7			—		—
Purchases of property, plant and equipment	—			(43.0		)	(19.4		)	—		(62.4		)
Proceeds from sale of property, plant and equipment	—			0.1			0.1			—		0.2
Other	—			(0.1		)	(0.1		)	—		(0.2		)
Net cash (used in) provided by investing activities	—			(119.7		)	57.3			—		(62.4		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	600.0			1,523.6			109.7			—		2,233.3
Repayments of borrowings under long-term debt obligations	(375.0		)	(1,406.2		)	(86.5		)	—		(1,867.7		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	383.1			(212.5		)	(170.6		)	—		—
Proceeds from exercise of stock options	15.7			—			—			—		15.7
Excess tax benefit from stock-based compensation	7.0			—			—			—		7.0
Treasury stock repurchased	(535.0		)	—			—			—		(535.0		)
Payment of deferred financing costs	(3.1		)	(3.8		)	—			—		(6.9		)
Fees paid to lenders	(6.0		)	(1.8		)	—			—		(7.8		)
Call premium on 2020 Senior Notes	(23.6		)	—			—			—		(23.6		)
Other	—			(2.1		)	2.0			—		(0.1		)
Net cash provided by (used in) financing activities	63.1			(102.8		)	(145.4		)	—		(185.1		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(6.2		)	—		(6.2		)
(Decrease) increase in cash and cash equivalents	—			(111.8		)	23.6			—		(88.2		)
CASH AND CASH EQUIVALENTS, beginning of period	—			119.7			34.2			—		153.9
CASH AND CASH EQUIVALENTS, end of period	$	—		$	7.9		$	57.8		$	—	$	65.7

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 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	$	(87.0	)	$	274.7		$	46.5		$	—	$	234.2

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from disposition of business	—			7.2			—			—		7.2
Purchases of property, plant and equipment	—			(49.9		)	(16.0		)	—		(65.9		)
Other	—			(0.7		)	(0.3		)	—		(1.0		)
Net cash used in investing activities	—			(43.4		)	(16.3		)	—		(59.7		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	450.0			402.9			10.6			—		863.5
Repayments of borrowings under long-term debt obligations	—			(988.3		)	—			—		(988.3		)
Net activity in investment in and advances (to) from subsidiaries and affiliates	(401.3		)	453.4			(52.1		)	—		—
Proceeds from exercise of stock options	20.4			—			—			—		20.4
Excess tax benefit from stock-based compensation	21.8			—			—			—		21.8
Treasury stock repurchased	(1.3		)	—			—			—		(1.3		)
Payment of deferred financing costs	(8.0		)	—			—			—		(8.0		)
Proceeds from purchase of treasury shares by CEO	5.0			—			—			—		5.0
Other	—			(3.0		)	(0.8		)	—		(3.8		)
Net cash provided by (used in) financing activities	86.6			(135.0		)	(42.3		)	—		(90.7		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			7.6			—		7.6
(Decrease) increase in cash and cash equivalents	(0.4		)	96.3			(4.5		)	—		91.4
CASH AND CASH EQUIVALENTS, beginning of period	0.4			23.4			38.7			—		62.5
CASH AND CASH EQUIVALENTS, end of period	$	—		$	119.7		$	34.2		$	—	$	153.9

VALUATION AND QUALIFYING ACCOUNTS SCHEDULE II

12 Months Ended

Dec. 31, 2017

Valuation and Qualifying Accounts [Abstract]

VALUATION AND QUALIFYING ACCOUNTS

TEMPUR SEALY INTERNATIONAL, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

FOR THE YEARS ENDED DECEMBER 31, 2017, 2016 AND 2015

SCHEDULE II

(in millions)



			Additions
Description	Balance at Beginning of Period		Charges to Costs and Expenses	Charged to Other Accounts	Deductions		Balance at End of Period
Allowance for doubtful accounts:
Year Ended December 31, 2015	$	19.5	6.9	—	(3.1	)	$	23.3
Year Ended December 31, 2016	$	23.3	4.6	—	(5.5	)	$	22.4
Year Ended December 31, 2017	$	22.4	10.4	—	(5.4	)	$	27.4



			Additions
Description	Balance at Beginning of Period		Charges to Costs and Expenses	Charged to Other Accounts	Deductions		Balance at End of Period
Valuation allowance for deferred tax assets:
Year Ended December 31, 2015	$	21.7	4.6	—	(2.1	)	$	24.2
Year Ended December 31, 2016	$	24.2	20.2	0.8	—		$	45.2
Year Ended December 31, 2017	$	45.2	9.9	—	—		$	55.1

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Basis of Presentation and Description of Business

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

Basis of Consolidation

Basis of Consolidation. The accompanying financial statements include the accounts of Tempur Sealy International and its controlled subsidiaries and the results of Comfort Revolution, LLC ("Comfort Revolution"). Intercompany balances and transactions have been eliminated.

Use of Estimates

Use of Estimates. The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The Company’s results are affected by economic, political, legislative, regulatory and legal actions. Economic conditions, such as recessionary trends, inflation, interest and monetary exchange rates, government fiscal policies and changes in the prices of raw materials, can have a significant effect on operations.

Fair Value Measurements

Fair Value Measurements. The Company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the Consolidated Financial Statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk.


•	Level 1 – Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets.


•	Level 2 – Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instruments.


•	Level 3 – Valuation is based upon other unobservable inputs that are significant to the fair value measurements.

Foreign Currency

Foreign Currency. Assets and liabilities of non-U.S. subsidiaries, whose functional currency is the local currency, are translated into U.S. dollars at period-end exchange rates. Income and expense items are translated at the average rates of exchange prevailing during the period. The adjustments resulting from translating the financial statements of foreign subsidiaries are included in accumulated other comprehensive loss (“AOCL”), a component of stockholders’ equity/(deficit), and included in net earnings only upon sale or liquidation of the underlying foreign subsidiary or affiliated company. Foreign currency transaction gains and losses are recognized in net earnings based on differences between foreign exchange rates on the transaction date and on the settlement date. These amounts are not considered material to the Consolidated Financial Statements.

Derivative Financial Instruments

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

Cash and Cash Equivalents

Cash and Cash Equivalents. Cash and cash equivalents consist of all highly liquid investments with initial maturities of three months or less. The carrying value of cash and cash equivalents approximates fair value because of the short-term maturity of those instruments.

Inventories

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

Property, Plant and Equipment

Property, Plant and Equipment. Property, plant and equipment are carried at cost at acquisition date and are depreciated using the straight-line method over their estimated useful lives as follows:



	Estimated Useful Lives (in years)
Buildings	25-30
Computer equipment and software	3-5
Leasehold improvements	4-7
Machinery and equipment	3-7
Office furniture and fixtures	5-7

Long-Lived Assets

Long-Lived Assets. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets is assessed by a comparison of the carrying amount of the asset to the estimated future undiscounted net cash flows expected to be generated by the asset or group of assets. If estimated future undiscounted net cash flows are less than the carrying amount of the asset or group of assets, the asset is considered impaired and an expense is recorded in an amount required to reduce the carrying amount of the asset to its then fair value. Fair value generally is determined from estimated discounted future net cash flows (for assets held for use) or net realizable value (for assets held for sale).

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets. Intangible assets with finite useful lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed for impairment whenever events or changes in circumstances indicate impairment may have occurred. The Company performs an annual impairment test on goodwill and indefinite-lived intangible assets on October 1 of each year and whenever events or circumstances make it more likely than not that impairment may have occurred. In conducting the impairment test for the North America and International reporting units, the fair value of each of the Company's reporting units is compared to its respective carrying amount including goodwill. If the fair value exceeds the carrying amount, then no impairment exists. If the carrying amount exceeds the fair value, further analysis is performed to assess impairment. The Company’s determination of fair value of the reporting units is based on a discounted cash flow approach, with an appropriate risk-adjusted discount rate, and a market approach. Any identified impairment would result in an adjustment to the Company’s results of operations.

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. The Company considers the impact of recoverable salvage value on sales returns by segment in determining its estimate of future sales returns.

Warranties

Warranties. The Company provides warranties on certain products, which vary based 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 by segment in determining its estimate of future warranty obligations.

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. The deferred tax assets and liabilities have been re-valued pursuant to the U.S. Tax Reform Act as discussed in Note 13 - Income Taxes. 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.

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.

Allowance for Doubtful Accounts

Cost of Sales

Cost of Sales. Costs associated with net sales are recorded in cost of sales. Cost of sales includes the costs of receiving, producing, inspecting, warehousing, insuring, and shipping goods during the period, as well as depreciation and amortization of long-lived assets used in these processes. Cost of sales also includes shipping and handling costs associated with the delivery of goods to customers and costs associated with internal transfers between plant locations.

Cooperative Advertising, Rebate and Other Promotional Programs

Cooperative Advertising, Rebate and Other Promotional Programs. The Company enters into programs 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 programs. 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 programs on a customer-by-customer basis. Some of these agreements extend over several years. Significant estimates are required at any point in time with regard to the ultimate reimbursement to be claimed by the customers. Subsequent revisions to the 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 in the accompanying Consolidated Statements of Income. Certain cooperative advertising expenses are reported as components of selling and marketing expenses in the accompanying Consolidated Statements of Income because the Company receives an identifiable benefit and the fair value of the advertising benefit can be reasonably estimated.

Advertising Costs

Advertising Costs. The Company expenses advertising costs as incurred except for production costs and advance payments, which are deferred and expensed when advertisements run for the first time. Direct response advance payments are deferred and amortized over the life of the program. Advertising costs are included in selling and marketing expenses in the accompanying Consolidated Statements of Income. Advertising costs charged to expense were $284.1 million, $352.7 million and $360.5 million for the years ended December 31, 2017, 2016 and 2015, respectively. Advertising costs include expenditures for shared advertising costs that the Company reimburses to customers under its integrated and cooperative advertising programs. Cooperative advertising costs paid to customers are recorded as a component of selling and marketing expenses within the Consolidated Statements of Income to the extent of the estimated fair value of the customer's underlying advertisement when the customer provides proof of advertising. The Company periodically assesses the liabilities recorded for cooperative advertising based on actual sales and claims to determine whether all of the cooperative advertising earned will be used by the customer.

Research and Development Expenses

Research and Development Expenses. Research and development expenses for new products are expensed as they are incurred and are included in general, administrative and other expenses in the accompanying Consolidated Statements of Income.

Royalty Income and Expense

Royalty Income and Expense. The Company recognizes royalty income based on sales of Sealy® and Stearns & Foster® branded products by various licensees. The Company also pays royalties to other entities for the use of their names on products produced by the Company.

Stock-Based Compensation

Stock-based Compensation. The Company accounts for stock-based payment transactions in which the Company receives employee services in exchange for equity instruments of the Company. Stock-based compensation cost for restricted stock units (“RSUs”), performance restricted stock units (“PRSUs”) and deferred stock units (“DSUs”) is measured based on the closing fair market value of the Company’s common stock on the date of grant. Stock-based compensation cost for stock options is estimated at the grant date based on each option’s fair value as calculated by the Black-Scholes option-pricing model. The Company recognizes stock-based compensation cost as expense for awards other than its PRSUs ratably on a straight-line basis over the requisite service period. The Company recognizes stock-based compensation cost associated with its PRSUs over the requisite service period if it is probable that the performance conditions will be satisfied.

Treasury Stock

Treasury Stock. Subject to Delaware law, and the limitations in the Company's 2016 Credit Agreement (as defined in Note 7, "Debt") and the Company's other debt agreements, the Board of Directors may authorize share repurchases of the Company’s common stock (“Stock Repurchase Authorizations”). Purchases made pursuant to Stock Repurchase Authorizations may be carried out through open market transactions, negotiated purchases or otherwise, at times and in such amounts as the Company deems appropriate. Stock repurchased under Stock Repurchase Authorizations is held in treasury for general corporate purposes, including issuances under various employee stock-based award plans. On February 1, 2016, the Board of Directors authorized a stock repurchase program pursuant to which the Company was authorized to repurchase shares of Tempur Sealy International's common stock. For the year ended December 31, 2017, the Company repurchased 0.6 million shares for approximately $40.1 million under the share repurchase authorization. As of December 31, 2017, the Company had approximately $226.9 million remaining under the existing share repurchase authorization.

Self-Insurance

Self-Insurance. The Company is self-insured up to $0.8 million per claim per year for certain losses related to medical claims with excess loss coverage. The Company also utilizes large deductible policies to insure claims related to general liability, product liability, automobile, and workers’ compensation. The Company’s recorded liability for workers’ compensation represents an estimate of the ultimate cost of claims incurred as of the Consolidated Balance Sheet date. The estimated workers' compensation liability is undiscounted and is established based upon analysis of historical and actuarial estimates, and is reviewed by the Company and third party actuaries on a quarterly basis to ensure that the liability is appropriate. As of December 31, 2017 and 2016, $4.8 million and $8.6 million, respectively, of the recorded undiscounted liability is included in accrued expenses and other current liabilities and $15.9 million and $12.3 million, respectively, is included in other non-current liabilities within the accompanying Consolidated Balance Sheets. During 2016, the Company entered into a retroactive insurance policy to limit exposure on historical worker's compensation claims. As of December 31, 2017 and 2016, $2.4 million and $0.0 million, respectively, are included in prepaid expenses and other current assets and $7.6 million and $14.2 million, respectively, are included in other non-current assets within the accompanying Consolidated Balance Sheets, which together represent the value of expected recoveries related to the underlying insured events. The related liabilities for the Company's worker's compensation exposure are included in other non-current liabilities within the accompanying Consolidated Balance Sheets.

Pension Obligations

Pension Obligations. The Company has a noncontributory, defined benefit pension plan covering current and former hourly employees at two of its active Sealy plants and ten previously closed Sealy U.S. facilities. Sealy Canada, Ltd. (a 100.0% owned subsidiary of the Company) also sponsors a noncontributory, defined benefit pension plan covering hourly employees at one of its facilities. Both plans provide retirement and survivorship benefits based on the employees' credited years of service. The Company's funding policy provides for contributions of an amount between the minimum required and maximum amount that can be deducted for federal income tax purposes. The funded status is measured as the difference between the fair value of plan assets and the benefit obligation at December 31, the measurement date. The benefit obligation is the projected benefit obligation (“PBO”). The PBO represents the actuarial present value of benefits expected to be paid upon retirement based on estimated future compensation levels. The measurement of the PBO is based on the Company’s estimates and actuarial valuations. The fair value of plan assets represents the current market value of assets held by an irrevocable trust fund for the sole benefit of participants. These valuations reflect the terms of the plans and use participant-specific information such as compensation, age and years of service, as well as certain assumptions that require significant judgment, including estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates.

Recently Issued Accounting Pronouncements

Revenue from Contracts with Customers

Leases

Employee Share-Based Payments


•	The Company recognized all excess tax benefits and tax deficiencies as income tax provision or benefit in the Consolidated Statement of Income. The Company recognized excess tax deficiencies of $0.7 million for the year ended December 31, 2017.


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

•

Pensions

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Schedule of Inventory, Current

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



	December 31,
(in millions)	2017		2016
Finished goods	$	121.8	$	130.1
Work-in-process	11.5		10.7
Raw materials and supplies	49.7		55.7
	$	183.0	$	196.5

Schedule of Property, Plant and Equipment

Property, plant and equipment are carried at cost at acquisition date and are depreciated using the straight-line method over their estimated useful lives as follows:



	Estimated Useful Lives (in years)
Buildings	25-30
Computer equipment and software	3-5
Leasehold improvements	4-7
Machinery and equipment	3-7
Office furniture and fixtures	5-7

Property, plant and equipment, net consisted of the following:



	December 31,
(in millions)	2017			2016
Machinery and equipment	$	315.0		$	283.9
Land and buildings	316.2			302.6
Computer equipment and software	114.0			97.2
Furniture and fixtures	57.4			50.4
Construction in progress	63.2			52.9
Total property, plant, and equipment	865.8			787.0
Accumulated depreciation	(430.7		)	(364.8		)
Total property, plant and equipment, net	$	435.1		$	422.2

Changes in Accrued Sales Returns

The Company had the following activity for accrued sales returns from December 31, 2015 to December 31, 2017:



(in millions)
Balance as of December 31, 2015	$	28.5
Amounts accrued	130.6
Returns charged to accrual	(128.8		)
Balance as of December 31, 2016	$	30.3
Amounts accrued	102.1
Returns charged to accrual	(102.4		)
Balance as of December 31, 2017	$	30.0

Warranty Activity

The Company had the following activity for warranties from December 31, 2015 to December 31, 2017:



(in millions)
Balance as of December 31, 2015	$	29.6
Amounts accrued	50.0
Warranties charged to accrual	(49.7		)
Balance as of December 31, 2016	$	29.9
Amounts accrued	50.3
Warranties charged to accrual	(43.5		)
Balance as of December 31, 2017	$	36.7

Revisions of Previously-Issued Financial Statements (Tables)

12 Months Ended

Dec. 31, 2017

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The table below illustrates the effect of the corrections on the Company's consolidated financial statements for the periods presented.



	Year Ended December 31, 2016									Year Ended December 31, 2015
	Previously Reported			Correction			As Revised			Previously Reported			Correction			As Revised
Net sales	$	3,127.3		$	1.6		$	3,128.9		$	3,151.2		$	3.4		$	3,154.6
Gross profit	1,309.4			(1.9		)	1,307.5			1,248.9			0.3			1,249.2
Operating income	415.5			(5.1		)	410.4			309.1			(2.6		)	306.5
Income before income taxes	283.3			(11.5		)	271.8			200.1			(9.0		)	191.1
Income tax provision	(86.8		)	—			(86.8		)	(125.4		)	—			(125.4		)
Net income before non-controlling interests	196.5			(11.5		)	185.0			74.7			(9.0		)	65.7
Net income attributable to Tempur Sealy International, Inc.	$	202.1		$	(11.5	)	$	190.6		$	73.5		$	(9.0	)	$	64.5



	December 31, 2016
	Previously Reported			Correction			As Revised
Total assets	$	2,702.6		$	(3.8	)	$	2,698.8
Total liabilities	2,707.2			25.9			2,733.1
Retained earnings	1,312.4			(47.6		)	1,264.8
Total stockholders' deficit	(12.2		)	(29.7		)	(41.9		)
Total liabilities, redeemable non-controlling interest and stockholders' deficit	$	2,702.6		$	(3.8	)	$	2,698.8

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by Reportable Business Segment

The following summarizes the Company's goodwill by reportable segment:



(in millions)	North America		International		Consolidated
Balance as of January 1, 2016	$	562.8	$	146.6	$	709.4
Goodwill resulting from acquisition	7.4		—		7.4
Foreign currency translation adjustments and other	1.8		3.9		5.7
Balance as of December 31, 2016	$	572.0	$	150.5	$	722.5
Foreign currency translation adjustments and other	4.6		6.0		10.6
Balance as of December 31, 2017	$	576.6	$	156.5	$	733.1

Schedule of Finite-Lived Intangible Assets

The following table summarizes information relating to the Company’s other intangible assets, net:



($ in millions)		December 31, 2017						December 31, 2016
($ in millions)	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Unamortized indefinite life intangible assets:
Trade names		$	561.7	$	—	$	561.7	$	559.8	$	—	$	559.8
Amortized intangible assets:
Contractual distributor relationships	15	$	86.0	$	27.5	$	58.5	$	85.0	$	21.5	$	63.5
Technology and other	4-10	91.4		54.3		37.1		90.4		46.5		43.9
Patents, other trademarks and other trade names	5-20	27.3		19.0		8.3		27.1		19.2		7.9
Customer databases, relationships and reacquired rights	2-5	23.9		22.1		1.8		24.2		20.6		3.6
Total		$	790.3	$	122.9	$	667.4	$	786.5	$	107.8	$	678.7

Schedule of Indefinite-Lived Intangible Assets

The following table summarizes information relating to the Company’s other intangible assets, net:



($ in millions)		December 31, 2017						December 31, 2016
($ in millions)	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Unamortized indefinite life intangible assets:
Trade names		$	561.7	$	—	$	561.7	$	559.8	$	—	$	559.8
Amortized intangible assets:
Contractual distributor relationships	15	$	86.0	$	27.5	$	58.5	$	85.0	$	21.5	$	63.5
Technology and other	4-10	91.4		54.3		37.1		90.4		46.5		43.9
Patents, other trademarks and other trade names	5-20	27.3		19.0		8.3		27.1		19.2		7.9
Customer databases, relationships and reacquired rights	2-5	23.9		22.1		1.8		24.2		20.6		3.6
Total		$	790.3	$	122.9	$	667.4	$	786.5	$	107.8	$	678.7

Expected Future Amortization Expense

Estimated annual amortization of intangible assets is expected to be as follows for the years ending December 31:



(in millions)
2018	$	16.1
2019	15.1
2020	14.6
2021	14.5
2022	13.3

Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Borrowings Outstanding

Debt for the Company consists of the following:



(in millions)	December 31, 2017				December 31, 2016
Debt:	Amount			Rate	Amount			Rate	Maturity Date
2016 Credit Agreement:
Term A Facility	$	555.0		(1)	$	585.0		(2)	April 6, 2021
Revolver	—			(1)	156.9			(2)	April 6, 2021
2026 Senior Notes	600.0			5.500%	600.0			5.500%	June 15, 2026
2023 Senior Notes	450.0			5.625%	450.0			5.625%	October 15, 2023
Securitized debt	49.0			(3)	—			N/A	April 12, 2019
Capital lease obligations ⁽⁴⁾	71.8				73.3				Various
Other	36.7				35.8				Various
Total debt	1,762.5				1,901.0
Less: deferred financing costs	(9.4		)		(12.9		)
Total debt, net	1,753.1				1,888.1
Less: current portion	(72.4		)		(70.3		)
Total long-term debt, net	$	1,680.7			$	1,817.8



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

Schedule of Estimated Fair Values of Debt Instruments

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



	Fair Value
(in millions)	December 31, 2017		December 31, 2016
2023 Senior Notes	$	470.9	$	468.5
2026 Senior Notes	618.1		606.8

Schedule of Maturities of Long-term Debt

As of December 31, 2017, the scheduled maturities of long-term debt outstanding, including capital lease obligations, for each of the next five years and thereafter are as follows:



(in millions)
2018	$	72.4
2019	92.9
2020	59.3
2021	442.1
2022	5.7
Thereafter	1,090.1
Total	$	1,762.5

Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2017

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Cost for Employees



(in millions)	2017			2016			2015
Service cost	$	0.9		$	0.8		$	0.8
Interest cost	1.2			1.2			1.9
Expected return on assets	(1.5		)	(1.3		)	(2.2		)
Amortization of prior service cost	0.1			—			—
Settlement loss	—			0.2			1.3
Net periodic pension cost	$	0.7		$	0.9		$	1.8

Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive Income

The other changes in plan assets and benefit obligations recognized in other comprehensive loss (income) for the years ended December 31 were:



(in millions)	2017			2016			2015
Net loss	$	0.4		$	1.5		$	0.2
Amortization of prior service cost	(0.1		)	—			—
Amortization or settlement recognition of net loss	—			(0.2		)	(1.3		)
New prior service cost	0.5			—			0.1
Total recognized in other comprehensive loss (income)	$	0.8		$	1.3		$	(1.0	)

Schedule of Weighted-Average Assumptions Used in Calculating Net Periodic Benefit Costs

The following assumptions, calculated on a weighted-average basis, were used to determine net periodic pension cost for the Company’s Plans for the years ended December 31:



	2017		2016		2015
Discount rate ^(a)	4.07	%	4.27	%	4.12	%
Expected long-term return on plan assets	6.64	%	6.71	%	7.05	%


(a)	The discount rates used in 2017 to determine the expenses for the U.S. retirement plan and Canadian retirement plan were 4.06% and 4.10%, respectively. The discount rates used in 2016 to determine the expenses for the U.S. retirement plan and Canadian retirement plan were 4.26% and 4.30%, respectively.

Schedule of Funded Status of the Pension Plans

The measurement date for the Company's Plans is December 31. The funded status of the Plans as of December 31 was as follows:



(in millions)	2017			2016
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$	28.0		$	28.2
Service cost	0.9			0.8
Interest cost	1.2			1.2
Plan amendments	0.5			—
Actuarial loss	2.3			0.8
Settlements	—			(2.0		)
Benefits paid	(0.9		)	(1.1		)
Expenses paid	(0.1		)	—
Foreign currency exchange rate changes	0.2			0.1
Projected benefit obligation at end of year	$	32.1		$	28.0
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	21.7		$	13.9
Actual return on plan assets	3.5			0.6
Employer contribution	0.9			10.2
Settlements	—			(2.0		)
Benefits paid	(0.9		)	(1.1		)
Expenses paid	(0.1		)	—
Foreign currency exchange rate changes	0.2			0.1
Fair value of plan assets at end of year	$	25.3		$	21.7
Funded status	$	(6.8	)	$	(6.3	)

Schedule of Amounts Recognized in the Consolidated Balance Sheet and the Accumulated Benefit Obligation and Fair Value of Assets

The following table represents amounts recorded in the Consolidated Balance Sheets:



	December 31,
(in millions)	2017		2016
Amounts recognized in the Consolidated Balance Sheets:
Non-current benefit liability	$	7.3	$	6.3
Non-current benefit asset	0.5		—

Schedule of Weighted-Average Assumptions Used in Calculating Benefit Obligations

The following assumption, calculated on a weighted-average basis, was used to determine benefit obligations for the Company’s defined benefit pension plans as of December 31:



	2017		2016
Discount rate ^(a)	3.56	%	4.06	%


(a)	The discount rates used in 2017 to determine the expenses for the U.S. retirement plan and Canadian retirement plan were 3.54% and 3.70%, respectively. The discount rates used in 2016 to determine the benefit obligations for the U.S. and Canadian defined benefit pension plans were 4.06% and 4.10%, respectively.

Schedule of Estimated Future Benefit Payments

The following table presents estimated future benefit payments:



(in millions)
Fiscal 2018	$	1.0
Fiscal 2019	1.0
Fiscal 2020	1.1
Fiscal 2021	1.1
Fiscal 2022	1.2
Fiscal 2023 ‑ Fiscal 2027	7.0

Schedule of Target and Actual Asset Allocations

Target and actual asset allocations are as follows:



	2017 Target		2017 Actual
Common/collective trust consisting primarily of:
Equity securities	60.00	%	76.47	%
Debt securities	40.00	%	23.28	%
Other	—	%	0.25	%
Total plan assets	100.00	%	100.00	%

Schedule of Fair Value of Pension Plan Assets by Asset Category

The fair value of the Company’s plan assets at December 31 by asset category was as follows:



(in millions)	2017		2016
Asset Category
Common/collective trust
U.S. equity	$	15.1	$	12.5
International equity	4.2		3.7
Total equity based funds	19.3		16.2
Common/collective trust - fixed income	5.9		4.9
Money market funds	0.1		0.6
Total	$	25.3	$	21.7

Schedule of Expenses Related to the Multi-employer Benefit Plans

The expense recognized by the Company for such contributions for the years ended December 31 was follows:



(in millions)	2017		2016		2015
Multi‑employer retirement plan expense	$	4.3	$	4.9	$	5.0
Multi‑employer health and welfare plan expense	3.5		2.8		2.4

Schedule of Information Regarding Multi-employer Pension Plans

The following table presents information regarding the multi‑employer pension plans that are significant to the Company for the years ended December 31, 2017 and 2016, respectively:

Pension Fund

EIN/Pension Plan Number

Date of Plan Year-End

Pension Protection Act
Zone Status⁽¹⁾2017

FIP/RP Status
Pending/Implemented⁽²⁾

Contributions of the Company 2017

Surcharge Imposed⁽³⁾

Expiration Date
of Collective
Bargaining Agreement

Year Contributions to Plan Exceeded More than 5 Percent of Total Contributions

(in millions)

United Furniture Workers Pension Fund A⁽⁴⁾

13-5511877-001

2/28/17

Red

Implemented

1.1

2020

2015, 2016, 2017

Pension Plan of the National Retirement Fund

13-6130178-001

12/31/16

Red

Implemented

0.8

Yes, 10.0%

2019

N/A

Central States, Southeast & Southwest Areas Pension Plan

36-6044243-001

12/31/16

Red

Implemented

0.7

Yes, 10.0%

2018

N/A

Pension Fund

EIN/Pension Plan Number

Date of Plan Year-End

Pension Protection Act
Zone Status⁽¹⁾ 2016

FIP/RP Status
Pending/Implemented⁽²⁾

Contributions of the Company 2016

Surcharge Imposed⁽³⁾

Expiration Date
of Collective
Bargaining Agreement

Year Contributions to Plan Exceeded More than 5 Percent of Total Contributions

(in millions)

United Furniture Workers Pension Fund A⁽⁴⁾

13-5511877-001

2/29/16

Red

Implemented

1.2

Yes, 10.0%

2017

2014, 2015, 2016

Pension Plan of the National Retirement Fund

13-6130178-001

12/31/15

Red

Implemented

1.3

Yes, 10.0%

2019

N/A

Central States, Southeast & Southwest Areas Pension Plan

36-6044243-001

12/31/15

Red

Implemented

0.3

Yes, 10.0%

2018

N/A

(1)


(2)	Funding Improvement Plan or Rehabilitation Plan as defined in the Employee Retirement Income Security Act of 1974 has been implemented or is pending.


(3)	Indicates whether the Company paid a surcharge to the plan in the most current year due to funding shortfalls and the amount of the surcharge.


(4)	The Company represented more than 5.0% of the total contributions for the most recent plan year available. For year ended December 31, 2015, the Company contributed $1.1 million to the plan.

Stockholders' (Deficit) Equity (Tables)

12 Months Ended

Dec. 31, 2017

Stockholders' Equity Note [Abstract]

Changes in accumulated other comprehensive income

AOCL consisted of the following:



	Year Ended December 31,
(in millions)	2017			2016			2015
Foreign Currency Translation
Balance at beginning of period	$	(101.9	)	$	(101.6	)	$	(48.9	)
Other comprehensive income (loss):
Foreign currency translation adjustments ⁽¹⁾	29.1			(0.3		)	(52.7		)
Balance at end of period	$	(72.8	)	$	(101.9	)	$	(101.6	)

Interest Rate Swap Agreement
Balance at beginning of period	$	—		$	—		$	(0.7	)
Other comprehensive income:
Net change from period revaluation:	—			—			3.1
Tax expense ⁽²⁾	—			—			(1.2		)
Total other comprehensive income before reclassifications, net of tax	—			—			1.9
Net amount reclassified to earnings ⁽³⁾	—			—			(1.9		)
Tax benefit ⁽²⁾	—			—			0.7
Total amount reclassified from accumulated other comprehensive loss, net of tax	—			—			(1.2		)
Total other comprehensive income	—			—			0.7
Balance at end of period	$	—		$	—		$	—

Pension Benefits
Balance at beginning of period	$	(2.2	)	$	(1.4	)	$	(2.4	)
Other comprehensive (loss) income:
Net change from period revaluation:	(0.8		)	(1.5		)	0.2
Tax benefit ⁽²⁾	0.3			0.6			—
Total other comprehensive (loss) income before reclassifications, net of tax	(0.5		)	(0.9		)	0.2
Net amount reclassified to earnings	—			0.2			1.3
Tax expense ⁽²⁾	—			(0.1		)	(0.5		)
Total amount reclassified from accumulated other comprehensive loss, net of tax	—			0.1			0.8
Total other comprehensive (loss) income	(0.5		)	(0.8		)	1.0
Balance at end of period	$	(2.7	)	$	(2.2	)	$	(1.4	)

Foreign Exchange Forward Contracts
Balance at beginning of period	$	0.6		$	6.6		$	1.3
Other comprehensive (loss) income:
Net change from period revaluation:	(0.6		)	(3.6		)	14.6
Tax benefit (expense) ⁽²⁾	0.1			1.0			(3.8		)
Total other comprehensive (loss) income before reclassifications, net of tax	(0.5		)	(2.6		)	10.8
Net amount reclassified to earnings ⁽⁴⁾	(0.1		)	(4.6		)	(7.4		)
Tax benefit ⁽²⁾	—			1.2			1.9
Total amount reclassified from accumulated other comprehensive loss, net of tax	(0.1		)	(3.4		)	(5.5		)
Total other comprehensive (loss) income	(0.6		)	(6.0		)	5.3
Balance at end of period	$	—		$	0.6		$	6.6


(1)	In 2017, 2016 and 2015, there were no tax impacts related to foreign currency translation adjustments and no amounts were reclassified to earnings.


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


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


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

Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2017

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

Schedule of Stock-based Compensation Expense



	Year Ended December 31,
(in millions)	2017			2016		2015
PRSU (benefit) expense	$	(6.5	)	$	3.9	$	13.7
Stock option expense	7.1			5.3		6.6
RSU/DSU expense	12.7			7.0		2.2
Total stock-based compensation expense	$	13.3		$	16.2	$	22.5

Summary of PRSU Activity and Related Information

A summary of the Company’s PRSU activity and related information for the years ended December 31, 2017 and 2016 is presented below:



(shares in millions)	Shares		Weighted Average Grant Date Fair Value
Awards unvested at December 31, 2015	1.9		$	68.17
Granted	0.2		60.78
Vested	(0.1	)	51.87
Forfeited	(0.3	)	70.43
Awards unvested at December 31, 2016	1.7		68.02
Granted	1.6		59.64
Vested	(0.2	)	59.39
Forfeited	(0.4	)	65.48
Awards unvested at December 31, 2017	2.7		$	64.13

Schedule of Stock Options Valuation Assumptions



	Year Ended December 31,
	2017	2016	2015
Expected volatility range of stock	37.4% - 40.8%	N/A	34.0% - 36.2%
Expected life of option, range in years	5	N/A	3 - 5
Risk-free interest range rate	1.8% - 1.9%	N/A	0.9% - 1.5%
Expected dividend yield on stock	0.0% - 0.0%	N/A	0.0% - 0.0%

Schedule of Stock Option Activity

A summary of the Company’s stock option activity under the 2003 Plan and 2013 Plan for the years ended December 31, 2017 and 2016 is presented below:



(in millions, except per share amounts and years)	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Options outstanding at December 31, 2015	2.1		$	42.75
Granted	—		—
Released	(0.6	)	24.72
Forfeited	—		58.37
Options outstanding at December 31, 2016	1.5		$	50.46
Granted	0.6		69.04
Released	(0.3	)	38.44
Forfeited	(0.1	)	67.45
Options outstanding at December 31, 2017	1.7		$	58.93	6.98	$	1.5

Options exercisable at December 31, 2017	0.9		$	51.57	5.66	$	10.2

A summary of the Company’s unvested shares relating to stock options as of December 31, 2017 and 2016, and changes during the years ended December 31, 2017 and 2016, are presented below:



(shares in millions)	Shares		Weighted Average Grant Date Fair Value
Options unvested at December 31, 2015	0.8		$	62.34
Granted	—		—
Vested	(0.3	)	61.28
Forfeited	—		58.37
Options unvested at December 31, 2016	0.5		$	63.09
Granted	0.6		69.04
Vested	(0.3	)	61.69
Forfeited	(0.1	)	67.45
Options unvested at December 31, 2017	0.7		$	67.95

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the Company's RSU and DSU activity and related information for the years ended December 31, 2017 and 2016 is presented below:



(in millions, except per share amounts)	Shares		Weighted Average Release Price		Aggregate Intrinsic Value
Awards outstanding at December 31, 2015	0.1		$	66.41
Granted	0.3		53.77
Vested	—		60.17
Terminated	—		53.45
Awards outstanding at December 31, 2016	0.4		$	59.37
Granted	0.4		68.08
Vested	(0.1	)	54.20
Terminated	(0.1	)	64.66
Awards outstanding at December 31, 2017	0.6		$	64.94	$	41.7

Schedule of Unrecognized Compensation Expense



(in millions, except years)	December 31, 2017		Weighted Average Remaining Vesting Period (Years)
Unrecognized stock option expense	$	12.0	2.66
Unrecognized DSU/RSU expense	4.8		2.65
Unrecognized PRSU expense	25.8		2.69
Total unrecognized stock-based compensation expense	$	42.6	2.67

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Pre-tax Income Attributable to Operating Segments

The following sets forth the amount of income before income taxes attributable to each of the Company’s geographies for the years ended December 31, 2017, 2016 and 2015:



	Year Ended December 31,
(in millions)	2017		2016		2015
Income before income taxes:
United States	$	97.2	$	179.0	$	120.2
Rest of the world	91.2		92.8		70.9
	$	188.4	$	271.8	$	191.1

Reconciliation of Statutory Tax Rate to Effective Tax Rate

The Company’s effective income tax provision differs from the amount calculated using the statutory U.S. federal income tax rate, principally due to the following:



	Year Ended December 31,
	2017					2016					2015
(dollars in millions)	Amount			Percentage of Income Before Income Taxes		Amount			Percentage of Income Before Income Taxes		Amount			Percentage of Income Before Income Taxes
Statutory U.S. federal income tax	$	65.9		35.0	%	$	95.1		35.0	%	$	66.9		35.0	%
State income taxes, net of federal benefit	(0.6		)	(0.3	)%	8.0			2.9	%	1.1			0.6	%
Foreign repatriation, net of foreign tax credits	—			—		(4.3		)	(1.6	)%	—			—
Foreign tax differential	(11.6		)	(6.1	)%	(11.9		)	(4.4	)%	(10.0		)	(5.2	)%
Change in valuation allowances	8.3			4.4	%	20.2			7.4	%	2.5			1.3	%
Uncertain tax positions	0.2			0.0	%	(27.1		)	(9.9	)%	59.7			31.2	%
Subpart F income	2.7			1.4	%	2.0			0.7	%	1.9			1.0	%
Manufacturing deduction	(1.9		)	(1.0	)%	(4.2		)	(1.5	)%	(1.6		)	(0.8	)%
Remeasurement of deferred taxes	(69.7		)	(37.0	)%	—			—		—			—
Transition Tax	45.9			24.4	%	—			—		—			—
Permanent and other	8.5			4.5	%	9.0			3.3	%	4.9			2.5	%
Effective income tax provision	$	47.7		25.3	%	$	86.8		31.9	%	$	125.4		65.6	%

Tax Provision Summary

The income tax provision consisted of the following:



	Year Ended December 31,
(in millions)	2017			2016			2015
Current provision
Federal	$	73.5		$	73.5		$	107.1
State	3.1			4.5			7.2
Foreign	31.3			39.9			32.4
Total current	$	107.9		$	117.9		$	146.7
Deferred provision
Federal	$	(67.7	)	$	(21.4	)	$	(12.3	)
State	7.5			1.6			(3.7		)
Foreign	—			(11.3		)	(5.3		)
Total deferred	(60.2		)	(31.1		)	(21.3		)
Total income tax provision	$	47.7		$	86.8		$	125.4

Deferred Tax Assets and Liabilities Recognized in the Consolidated Balance Sheets

The net deferred tax assets and liabilities recognized in the accompanying Consolidated Balance Sheets, determined using the income tax rate applicable to each period, consist of the following:



	December 31,
(in millions)	2017			2016
Deferred tax assets:
Stock-based compensation	$	10.6		$	18.4
Accrued expenses and other	36.3			49.9
Net operating losses, foreign tax credits and other tax attribute carryforwards	92.9			98.5
Inventories	6.2			7.2
Transaction costs	13.4			10.2
Property, plant and equipment	2.8			3.4
Total deferred tax assets	162.2			187.6
Valuation allowances	(55.1		)	(45.2		)
Total net deferred tax assets	$	107.1		$	142.4
Deferred tax liabilities:
Intangible assets	$	(161.9	)	$	(242.4	)
Property, plant and equipment	(29.5		)	(42.4		)
Accrued expenses and other	(6.4		)	(9.7		)
Total deferred tax liabilities	(197.8		)	(294.5		)
Net deferred tax liabilities	$	(90.7	)	$	(152.1	)

Operating Loss and Tax Credit Carryforwards

The Company has the following gross income tax attributes available at December 31, 2017 and 2016, respectively:



(in millions)	2017		2016
State net operating losses (“SNOLs”)	$	133.9	$	131.2
U.S. federal foreign tax credits (“FTCs”)	12.2		12.2
U.S. state income tax credits ("SITCs")	8.1		4.0
Foreign net operating losses (“FNOLs”)	33.1		34.1
Charitable contribution carryover ("CCCs")	18.0		38.4

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



(in millions)
Balance as of December 31, 2015	$	69.8
Additions based on tax positions related to 2016	2.5
Additions for tax positions of prior years	29.2
Expiration of statutes of limitations	(5.0		)
Settlements of uncertain tax positions with tax authorities	(24.8		)
Balance as of December 31, 2016	$	71.7
Additions based on tax positions related to 2017	3.9
Additions for tax positions of prior years	11.4
Expiration of statutes of limitations	—
Settlements of uncertain tax positions with tax authorities	(2.5		)
Balance as of December 31, 2017	$	84.5

Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

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



	Year Ended December 31,
(in millions, except per common share amounts)	2017		2016		2015
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$	151.4	$	190.6	$	64.5

Denominator:
Denominator for basic earnings per common share—weighted average shares	54.0		59.0		61.7
Effect of dilutive securities:
Employee stock-based compensation	0.7		0.8		0.9
Denominator for diluted earnings per common share—adjusted weighted average shares	54.7		59.8		62.6

Basic earnings per common share	$	2.80	$	3.23	$	1.05

Diluted earnings per common share	$	2.77	$	3.19	$	1.03

Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Total Assets and Long-lived Assets by Segment

The following table summarizes total assets by segment:



	December 31,			December 31,
(in millions)	2017			2016
North America	$	2,759.4		$	2,581.4
International	609.4			568.8
Corporate	627.3			658.7
Inter-segment eliminations	(1,302.1		)	(1,110.1		)
Total assets	$	2,694.0		$	2,698.8

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



	December 31,		December 31,
(in millions)	2017		2016
North America	$	307.6	$	297.4
International	54.7		54.9
Corporate	72.8		69.9
Total property, plant and equipment, net	$	435.1	$	422.2

Segment Financial Information

The following table summarizes segment information for the year ended December 31, 2017:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Bedding sales	$	2,051.8	$	470.0		$	—		$	—		$	2,521.8
Other sales	122.0		110.6			—			—			232.6
Net sales	2,173.8		580.6			—			—			2,754.4

Inter-segment sales	$	3.8	$	0.9		$	—		$	(4.7	)	$	—
Gross profit	844.7		296.0			—			—			1,140.7
Inter-segment royalty expense (income)	5.5		(5.5		)	—			—			—
Operating income (loss)	273.2		104.9			(89.7		)	—			288.4
Income (loss) before income taxes	276.0		77.5			(165.1		)	—			188.4

Depreciation and amortization ⁽¹⁾	$	51.4	$	14.7		$	28.5		$	—		$	94.6
Capital expenditures	39.9		9.4			17.7			—			67.0


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

The following table summarizes segment information for the year ended December 31, 2016:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Bedding sales	$	2,447.8	$	445.1		$	—		$	—		$	2,892.9
Other sales	122.3		113.7			—			—			236.0
Net sales	2,570.1		558.8			—			—			3,128.9

Inter-segment sales	$	4.5	$	0.4		$	—		$	(4.9	)	$	—
Gross profit	1,017.4		290.1			—			—			1,307.5
Inter-segment royalty expense (income)	7.2		(7.2		)	—			—			—
Operating income (loss)	411.8		97.6			(99.0		)	—			410.4
Income (loss) before income taxes	406.8		82.5			(217.5		)	—			271.8

Depreciation and amortization ⁽¹⁾	$	43.7	$	15.6		$	30.2		$	—		$	89.5
Capital expenditures	32.8		15.3			14.3			—			62.4


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

The following table summarizes segment information for the year ended December 31, 2015:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Bedding sales	$	2,428.9	$	461.1		$	—		$	—		$	2,890.0
Other sales	148.3		116.3			—			—			264.6
Net sales	2,577.2		577.4			—			—			3,154.6

Inter-segment sales	$	5.9	$	0.7		$	—		$	(6.6	)	$	—
Gross profit	954.6		294.6			—			—			1,249.2
Inter-segment royalty expense (income)	7.1		(7.1		)	—			—			—
Operating income (loss)	335.6		96.3			(125.4		)	—			306.5
Income (loss) before income taxes	324.4		64.2			(197.5		)	—			191.1

Depreciation and amortization ⁽¹⁾	$	43.3	$	16.0		$	34.6		$	—		$	93.9
Capital expenditures	28.9		14.8			22.2			—			65.9


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

Long-lived assets by geographic region

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



	December 31,		December 31,
(in millions)	2017		2016
United States	$	373.2	$	360.7
Canada	7.2		6.6
Other International	54.7		54.9
Total property, plant and equipment, net	$	435.1	$	422.2
Total International	$	61.9	$	61.5

Net sales by geographic region

The following table summarizes net sales by geographic region:



	Year Ended December 31,
(in millions)	2017		2016		2015
United States	$	1,954.2	$	2,361.8	$	2,374.7
Canada	219.6		208.3		202.5
Other International	580.6		558.8		577.4
Total net sales	$	2,754.4	$	3,128.9	$	3,154.6
Total International	$	800.2	$	767.1	$	779.9

Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Quarterly results of operations for the years ended December 31, 2017 and 2016 are summarized below:



(in millions, except per share amounts)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2017
Net sales	$	722.1	$	659.3	$	724.8	$	648.2
Gross profit	286.6		268.6		312.2		273.3
Operating income	59.5		56.6		94.6		77.7
Net income	33.9		24.5		44.6		48.4
Basic earnings per common share	$	0.63	$	0.45	$	0.83	$	0.89
Diluted earnings per common share	$	0.62	$	0.45	$	0.81	$	0.88

2016
Net sales	$	721.0	$	804.4	$	832.4	$	771.1
Gross profit	291.0		336.9		362.1		317.5
Operating income	76.7		100.2		131.1		102.4
Net income	39.6		21.3		77.8		51.9
Basic earnings per common share	$	0.64	$	0.35	$	1.34	$	0.93
Diluted earnings per common share	$	0.63	$	0.35	$	1.32	$	0.92

Guarantor/Non-Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Guarantor/Non-Guarantor Financial Information

Schedule of Supplemental Condensed Consolidating Statements of Operations

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,961.2		$	862.5		$	(69.3	)	$	2,754.4
Cost of sales	—			1,185.4			497.6			(69.3		)	1,613.7
Gross profit	—			775.8			364.9			—			1,140.7
Selling and marketing expenses	5.6			406.8			188.9			—			601.3
General, administrative and other expenses	17.5			176.6			78.9			—			273.0
Customer termination charges, net	(8.4		)	21.7			1.1			—			14.4
Equity income in earnings of unconsolidated affiliates	—			—			(15.6		)	—			(15.6		)
Royalty income, net of royalty expense	—			(20.8		)	—			—			(20.8		)
Operating (loss) income	(14.7		)	191.5			111.6			—			288.4

Other expense, net:
Third party interest expense, net	59.6			26.0			22.4			—			108.0
Intercompany interest (income) expense, net	(4.7		)	8.3			(3.6		)	—			—
Interest expense, net	54.9			34.3			18.8			—			108.0
Other (income) expense, net	—			(17.2		)	9.2			—			(8.0		)
Total other expense, net	54.9			17.1			28.0			—			100.0

Income from equity investees	193.1			51.3			—			(244.4		)	—

Income before income taxes	123.5			225.7			83.6			(244.4		)	188.4
Income tax benefit (provision)	17.2			(32.6		)	(32.3		)	—			(47.7		)
Net income before non-controlling interests	140.7			193.1			51.3			(244.4		)	140.7
Less: Net loss attributable to non-controlling interests	(10.7		)	(5.2		)	(5.5		)	10.7			(10.7		)
Net income attributable to Tempur Sealy International, Inc.	$	151.4		$	198.3		$	56.8		$	(255.1	)	$	151.4

Comprehensive income	$	179.4		$	193.0		$	89.9		$	(282.9	)	$	179.4

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,355.9		$	837.6		$	(64.6	)	$	3,128.9
Cost of sales	—			1,409.4			476.6			(64.6		)	1,821.4
Gross profit	—			946.5			361.0			—			1,307.5
Selling and marketing expenses	2.9			458.6			187.0			—			648.5
General, administrative and other expenses	14.8			186.8			79.8			—			281.4
Equity income in earnings of unconsolidated affiliates	—			—			(13.3		)	—			(13.3		)
Royalty income, net of royalty expense	—			(19.5		)	—			—			(19.5		)
Operating (loss) income	(17.7		)	320.6			107.5			—			410.4

Other expense, net:
Third party interest expense, net	66.0			15.4			10.2			—			91.6
Intercompany interest (income) expense, net	(4.1		)	(0.1		)	4.2			—			—
Interest expense, net	61.9			15.3			14.4			—			91.6
Loss on extinguishment of debt	34.3			12.9			—			—			47.2
Other (income) expense, net	—			(1.4		)	1.2			—			(0.2		)
Total other expense, net	96.2			26.8			15.6			—			138.6

Income from equity investees	260.1			65.3			—			(325.4		)	—

Income before income taxes	146.2			359.1			91.9			(325.4		)	271.8
Income tax benefit (provision)	38.8			(99.0		)	(26.6		)	—			(86.8		)
Net income before non-controlling interests	185.0			260.1			65.3			(325.4		)	185.0
Less: Net loss attributable to non-controlling interests	(5.6		)	—			(5.6		)	5.6			(5.6		)
Net income attributable to Tempur Sealy International, Inc.	$	190.6		$	260.1		$	70.9		$	(331.0	)	$	190.6

Comprehensive income	$	183.5		$	260.4		$	63.5		$	(323.9	)	$	183.5

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2015

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,422.9		$	782.4		$	(50.7	)	$	3,154.6
Cost of sales	—			1,532.6			423.5			(50.7		)	1,905.4
Gross profit	—			890.3			358.9			—			1,249.2
Selling and marketing expenses	4.1			460.1			183.8			—			648.0
General, administrative and other expenses	20.8			232.6			71.5			—			324.9
Equity income in earnings of unconsolidated affiliates	—			—			(11.9		)	—			(11.9		)
Royalty income, net of royalty expense	—			(18.3		)	—			—			(18.3		)
Operating (loss) income	(24.9		)	215.9			115.5			—			306.5

Other expense, net:
Third party interest expense, net	27.2			66.2			9.1			—			102.5
Intercompany interest expense (income), net	32.9			(35.5		)	2.6			—			—
Interest expense, net	60.1			30.7			11.7			—			102.5
Other (income) expense, net	—			(8.1		)	21.0			—			12.9
Total other expense, net	60.1			22.6			32.7			—			115.4

Income from equity investees	123.9			55.7			—			(179.6		)	—

Income before income taxes	38.9			249.0			82.8			(179.6		)	191.1
Income tax benefit (provision)	26.8			(125.1		)	(27.1		)	—			(125.4		)
Net income before non-controlling interests	65.7			123.9			55.7			(179.6		)	65.7
Less: Net income attributable to non-controlling interests	1.2			1.2			—			(1.2		)	1.2
Net income attributable to Tempur Sealy International, Inc.	$	64.5		$	122.7		$	55.7		$	(178.4	)	$	64.5

Comprehensive income	$	18.8		$	121.9		$	(2.4	)	$	(119.5	)	$	18.8

Schedule of Supplemental Condensed Consolidating Balance Sheets

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Balance Sheets

December 31, 2017

(in millions)



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

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

LIABILITIES AND STOCKHOLDERS’ EQUITY

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

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

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

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Balance Sheets

December 31, 2016

(in millions)



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

Current Assets:
Cash and cash equivalents	$	—		$	7.9	$	57.8	$	—		$	65.7
Accounts receivable, net	—			197.7		143.9		—			341.6
Inventories	—			117.1		79.4		—			196.5
Income tax receivable	234.2			—		—		(234.2		)	—
Prepaid expenses and other current assets	—			48.9		15.0		—			63.9
Total Current Assets	234.2			371.6		296.1		(234.2		)	667.7
Property, plant and equipment, net	—			346.9		75.3		—			422.2
Goodwill	—			500.2		222.3		—			722.5
Other intangible assets, net	—			589.8		88.9		—			678.7
Deferred income taxes	20.6			—		22.5		(20.6		)	22.5
Other non-current assets	—			41.7		143.5		—			185.2
Net investment in subsidiaries	2,171.3			48.1		—		(2,219.4		)	—
Due from affiliates	168.4			1,868.1		14.4		(2,050.9		)	—
Total Assets	$	2,594.5		$	3,766.4	$	863.0	$	(4,525.1	)	$	2,698.8

LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY

Current Liabilities:
Accounts payable	$	0.1		$	157.0	$	77.9	$	—		$	235.0
Accrued expenses and other current liabilities	6.8			162.3		80.9		—			250.0
Income taxes payable	—			235.9		4.1		(234.2		)	5.8
Current portion of long-term debt	—			34.4		35.9		—			70.3
Total Current Liabilities	6.9			589.6		198.8		(234.2		)	561.1
Long-term debt, net	1,040.4			776.5		0.9		—			1,817.8
Deferred income taxes	—			174.9		20.3		(20.6		)	174.6
Other non-current liabilities	—			53.6		126.0		—			179.6
Due to affiliates	1,581.5			0.5		468.9		(2,050.9		)	—
Total Liabilities	2,628.8			1,595.1		814.9		(2,305.7		)	2,733.1

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

Total stockholders' (deficit) equity, net of non-controlling interests in subsidiaries	(44.9		)	2,171.3		37.5		(2,208.8		)	(44.9		)
Non-controlling interest in subsidiaries	3.0			—		3.0		(3.0		)	3.0
Total Stockholders’ (Deficit) Equity	(41.9		)	2,171.3		40.5		(2,211.8		)	(41.9		)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders’ (Deficit) Equity	$	2,594.5		$	3,766.4	$	863.0	$	(4,525.1	)	$	2,698.8

Schedule of Supplemental Condensed Consolidating Statements of Cash Flows

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 31, 2017

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(55.3	)	$	376.9		$	(98.7	)	$	—	$	222.9

CASH FLOWS FROM INVESTING ACTIVITIES:
Contributions (paid to) received from subsidiaries and affiliates	—			(129.7		)	129.7			—		—
Purchases of property, plant and equipment	—			(55.8		)	(11.2		)	—		(67.0		)
Proceeds from sale of property, plant and equipment	—			0.8			4.1			—		4.9
Net cash (used in) provided by investing activities	—			(184.7		)	122.6			—		(62.1		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	—			603.9			729.0			—		1,332.9
Repayments of borrowings under long-term debt obligations	—			(790.8		)	(680.7		)	—		(1,471.5		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	87.5			0.5			(88.0		)	—		—
Proceeds from exercise of stock options	12.8			—			—			—		12.8
Treasury stock repurchased	(44.9		)	—			—			—		(44.9		)
Payment of deferred financing costs	—			—			(0.5		)	—		(0.5		)
Other	—			(1.4		)	(2.6		)	—		(4.0		)
Net cash provided by (used in) financing activities	55.4			(187.8		)	(42.8		)	—		(175.2		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(9.4		)	—		(9.4		)
Increase (decrease) in cash and cash equivalents	0.1			4.4			(28.3		)	—		(23.8		)
CASH AND CASH EQUIVALENTS, beginning of period	—			7.9			57.8			—		65.7
CASH AND CASH EQUIVALENTS, end of period	$	0.1		$	12.3		$	29.5		$	—	$	41.9

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 31, 2016

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(63.1	)	$	110.7		$	117.9		$	—	$	165.5

CASH FLOWS FROM INVESTING ACTIVITIES:
Contributions (paid to) received from subsidiaries and affiliates	—			(76.7		)	76.7			—		—
Purchases of property, plant and equipment	—			(43.0		)	(19.4		)	—		(62.4		)
Proceeds from sale of property, plant and equipment	—			0.1			0.1			—		0.2
Other	—			(0.1		)	(0.1		)	—		(0.2		)
Net cash (used in) provided by investing activities	—			(119.7		)	57.3			—		(62.4		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	600.0			1,523.6			109.7			—		2,233.3
Repayments of borrowings under long-term debt obligations	(375.0		)	(1,406.2		)	(86.5		)	—		(1,867.7		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	383.1			(212.5		)	(170.6		)	—		—
Proceeds from exercise of stock options	15.7			—			—			—		15.7
Excess tax benefit from stock-based compensation	7.0			—			—			—		7.0
Treasury stock repurchased	(535.0		)	—			—			—		(535.0		)
Payment of deferred financing costs	(3.1		)	(3.8		)	—			—		(6.9		)
Fees paid to lenders	(6.0		)	(1.8		)	—			—		(7.8		)
Call premium on 2020 Senior Notes	(23.6		)	—			—			—		(23.6		)
Other	—			(2.1		)	2.0			—		(0.1		)
Net cash provided by (used in) financing activities	63.1			(102.8		)	(145.4		)	—		(185.1		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(6.2		)	—		(6.2		)
(Decrease) increase in cash and cash equivalents	—			(111.8		)	23.6			—		(88.2		)
CASH AND CASH EQUIVALENTS, beginning of period	—			119.7			34.2			—		153.9
CASH AND CASH EQUIVALENTS, end of period	$	—		$	7.9		$	57.8		$	—	$	65.7

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 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	$	(87.0	)	$	274.7		$	46.5		$	—	$	234.2

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from disposition of business	—			7.2			—			—		7.2
Purchases of property, plant and equipment	—			(49.9		)	(16.0		)	—		(65.9		)
Other	—			(0.7		)	(0.3		)	—		(1.0		)
Net cash used in investing activities	—			(43.4		)	(16.3		)	—		(59.7		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	450.0			402.9			10.6			—		863.5
Repayments of borrowings under long-term debt obligations	—			(988.3		)	—			—		(988.3		)
Net activity in investment in and advances (to) from subsidiaries and affiliates	(401.3		)	453.4			(52.1		)	—		—
Proceeds from exercise of stock options	20.4			—			—			—		20.4
Excess tax benefit from stock-based compensation	21.8			—			—			—		21.8
Treasury stock repurchased	(1.3		)	—			—			—		(1.3		)
Payment of deferred financing costs	(8.0		)	—			—			—		(8.0		)
Proceeds from purchase of treasury shares by CEO	5.0			—			—			—		5.0
Other	—			(3.0		)	(0.8		)	—		(3.8		)
Net cash provided by (used in) financing activities	86.6			(135.0		)	(42.3		)	—		(90.7		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			7.6			—		7.6
(Decrease) increase in cash and cash equivalents	(0.4		)	96.3			(4.5		)	—		91.4
CASH AND CASH EQUIVALENTS, beginning of period	0.4			23.4			38.7			—		62.5
CASH AND CASH EQUIVALENTS, end of period	$	—		$	119.7		$	34.2		$	—	$	153.9

Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2017 USD ($) channel facility shares	Dec. 31, 2016 USD ($) shares	Dec. 31, 2015 USD ($)	Oct. 03, 2016
Business Acquisition [Line Items]
Number of products sales channels \| channel			2
Depreciation expense		$ 53.5	$ 65.3	$ 56.1
Allowance for doubtful accounts included in accounts receivable, net			27.4	22.4
Shipping and handling included in net sales		11.1	11.3	11.7
Shipping and handling included in cost of sales		161.6	159.3	155.1
Advertising costs charged to expense		360.5	284.1	352.7
Advertising costs deferred and included in prepaid expenses and other current assets			3.8	7.4
Research and development costs charged to expense		$ 28.7	21.7	26.7
Royalty revenue, net of royalty expense			20.8	19.5	$ 18.3
Treasury stock repurchased			40.1	533.0	1.3
Self insurance reserve, excess loss coverage per claim per year			0.8
Self insurance reserve, current			4.8	8.6
Self insurance reserve, noncurrent			15.9	12.3
Estimated insurance recoveries, current			2.4	0.0
Estimated insurance recoveries, noncurrent			$ 7.6	14.2
Number of active plants \| facility			2
Number of previously closed US facilities \| facility			10
Restructuring expenses				8.3
Customer termination charges, net			$ 14.4	0.0	$ 0.0
Mattress Firm
Business Acquisition [Line Items]
Restructuring charges	$ 25.9
Customer termination charges, net	14.4
Accelerated compensation cost	0.9
Mattress Firm \| Write Off Incentives, Marketing Assets and Other
Business Acquisition [Line Items]
Customer termination charges, net	22.8
Mattress Firm \| Cost of Sales
Business Acquisition [Line Items]
Restructuring charges	11.5
Mattress Firm \| Cost of Sales \| Write Off Inventory
Business Acquisition [Line Items]
Restructuring charges	5.4
Mattress Firm \| Cost of Sales \| Warranty Costs
Business Acquisition [Line Items]
Restructuring charges	6.1
Mattress Firm \| Other Income
Business Acquisition [Line Items]
Payments for restructuring	9.3
February 2016 Program
Business Acquisition [Line Items]
Treasury stock repurchased (in shares) \| shares			600,000
Treasury stock repurchased			$ 4.8	$ 2.0
Stock repurchase program, amount remaining under share repurchase authorization (in shares) \| shares			226,900,000
Performance-based Restricted Stock Units
Business Acquisition [Line Items]
Shares paid for tax withholding for share based compensation(in shares) \| shares			100,000.0	0
Performance-based Restricted Stock Units \| Mattress Firm
Business Acquisition [Line Items]
Stock compensation, forfeited benefit	$ 9.3
North America
Business Acquisition [Line Items]
Ownership percentage by parent				51.00%		51.00%
Mattresses \| Non-prorated \| International
Business Acquisition [Line Items]
Warranty term (in years)			5 years
Mattresses \| Prorated \| International
Business Acquisition [Line Items]
Warranty term (in years)			10 years
Pillows Two \| Non-prorated
Business Acquisition [Line Items]
Warranty term (in years)			3 years
Accounts Payable and Accrued Liabilities
Business Acquisition [Line Items]
Standard product warranty accrual			$ 16.7	$ 14.3
Other Noncurrent Liabilities
Business Acquisition [Line Items]
Standard product warranty accrual			$ 20.0	$ 15.6
Maximum \| Mattresses \| North America
Business Acquisition [Line Items]
Warranty term (in years)			25 years
Maximum \| Mattresses \| International
Business Acquisition [Line Items]
Warranty term (in years)			15 years
Maximum \| Mattresses \| Non-prorated \| North America
Business Acquisition [Line Items]
Warranty term (in years)			15 years
Minimum \| Mattresses \| North America
Business Acquisition [Line Items]
Warranty term (in years)			10 years
Minimum \| Mattresses \| International
Business Acquisition [Line Items]
Warranty term (in years)			5 years
Minimum \| Mattresses \| Non-prorated \| North America
Business Acquisition [Line Items]
Warranty term (in years)			10 years
Leasehold improvements \| Maximum
Business Acquisition [Line Items]
Property, plant and equipment, useful life			7 years
Leasehold improvements \| Minimum
Business Acquisition [Line Items]
Property, plant and equipment, useful life			4 years
Comfort Revolution
Business Acquisition [Line Items]
Percentage of noncontrolling interest from the acquisition			55.00%
Comfort Revolution \| Variable Interest Entity, Primary Beneficiary
Business Acquisition [Line Items]
Equity method investment, ownership percentage			45.00%
Sealy Canada
Business Acquisition [Line Items]
Ownership percentage by parent			100.00%

Summary of Significant Accounting Policies - Schedule of Inventory, Current (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Finished goods	$ 121.8	$ 130.1
Work-in-process	11.5	10.7
Raw materials and supplies	49.7	55.7
Total	$ 183.0	$ 196.5

Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2017
Buildings \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	25 years
Buildings \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	30 years
Computer equipment and software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	3 years
Computer equipment and software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	5 years
Leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	4 years
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	7 years
Machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	3 years
Machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	7 years
Office furniture and fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	5 years
Office furniture and fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	7 years

Summary of Significant Accounting Policies - Property, Plant and Equipment Summary (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 865.8	$ 787.0
Accumulated depreciation	(430.7)	(364.8)
Total property, plant and equipment, net	435.1	422.2
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	315.0	283.9
Land and buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	316.2	302.6
Computer equipment and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	114.0	97.2
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	57.4	50.4
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 63.2	$ 52.9

Summary of Significant Accounting Policies - Changes in Accrued Sales Returns (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Changes in Accrued Sales Returns [Roll Forward]
Beginning balance	$ 30.3	$ 28.5
Amounts accrued	102.1	130.6
Returns charged to accrual	(102.4)	(128.8)
Ending balance	30.0	30.3
Accrued Liabilities, Current
Changes in Accrued Sales Returns [Roll Forward]
Beginning balance	20.0
Ending balance	19.6	20.0
Other Noncurrent Liabilities
Changes in Accrued Sales Returns [Roll Forward]
Beginning balance	10.3
Ending balance	$ 10.4	$ 10.3

Summary of Significant Accounting Policies - Warranty Activity (Details) - Warranty Reserves - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Movement in Extended Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 29.9	$ 29.6
Amounts accrued	50.3	50.0
Warranties charged to accrual	(43.5)	(49.7)
Balance at end of period	$ 36.7	$ 29.9

Revisions of Previously-Issued Financial Statements (Details) - USD ($) $ in Millions	3 Months Ended									12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net sales	$ 648.2	$ 724.8	$ 659.3	$ 722.1	$ 771.1	$ 832.4	$ 804.4	$ 721.0	$ 3,154.6	$ 2,754.4	$ 3,128.9	$ 3,154.6
Gross profit	273.3	312.2	268.6	286.6	317.5	362.1	336.9	291.0	1,249.2	1,140.7	1,307.5	1,249.2
Operating income (loss)	77.7	94.6	56.6	59.5	102.4	131.1	100.2	76.7	306.5	288.4	410.4	306.5
Income before income taxes									191.1	188.4	271.8	191.1
Income tax provision									(125.4)	(47.7)	(86.8)	(125.4)
Net income before non-controlling interests									65.7	140.7	185.0	65.7
Net income attributable to Tempur Sealy International, Inc.	48.4	$ 44.6	$ 24.5	$ 33.9	51.9	$ 77.8	$ 21.3	$ 39.6	64.5	151.4	190.6	64.5
Total assets	2,694.0				2,698.8					2,694.0	2,698.8
Total liabilities	2,579.3				2,733.1					2,579.3	2,733.1
Retained earnings	1,416.2				1,264.8					1,416.2	1,264.8
Total stockholders' deficit	(112.5)				41.9				(267.8)	(112.5)	41.9	(267.8)	$ (180.6)
Total liabilities, redeemable non-controlling interest and stockholders' deficit	2,694.0				2,698.8					2,694.0	2,698.8
Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net sales											3,127.3	3,151.2
Gross profit											1,309.4	1,248.9
Operating income (loss)											415.5	309.1
Income before income taxes											283.3	200.1
Income tax provision											(86.8)	(125.4)
Net income before non-controlling interests											196.5	74.7
Net income attributable to Tempur Sealy International, Inc.											202.1	73.5
Total assets					2,702.6						2,702.6
Total liabilities					2,707.2						2,707.2
Retained earnings					1,312.4						1,312.4
Total stockholders' deficit					12.2						12.2
Total liabilities, redeemable non-controlling interest and stockholders' deficit					2,702.6						2,702.6
Correction
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net sales											1.6	3.4
Gross profit											(1.9)	0.3
Operating income (loss)											(5.1)	(2.6)
Income before income taxes											(11.5)	(9.0)
Income tax provision											0.0	0.0
Net income before non-controlling interests											(11.5)	(9.0)
Net income attributable to Tempur Sealy International, Inc.											(11.5)	(9.0)
Total assets					(3.8)						(3.8)
Total liabilities					25.9						25.9
Retained earnings					(47.6)						(47.6)
Total stockholders' deficit					29.7						29.7
Total liabilities, redeemable non-controlling interest and stockholders' deficit					(3.8)						(3.8)
Retained Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income attributable to Tempur Sealy International, Inc.										151.4	190.6	64.5
Total stockholders' deficit	$ (1,416.2)				$ (1,264.8)				$ (1,074.2)	$ (1,416.2)	$ (1,264.8)	$ (1,074.2)	(1,009.7)
Retained Earnings \| Correction
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Total stockholders' deficit													$ 27.2

Recently Issued Accounting Pronouncements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Jan. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effective income tax rate reconciliation, share-based compensation, pro forma excess tax benefit	$ 0.7
Forecast \| Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption		$ 3.0

Acquisitions and Divestitures - Additional Information (Details) - Tempur North America - USD ($) $ in Millions	Oct. 03, 2016	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Ownership percentage by parent	51.00%		51.00%
Ownership percentage by noncontrolling owners		49.00%	49.00%
Net consideration transferred	$ 7.7
Business Acquisition, Percentage of Voting Interests Acquired		49.00%

Goodwill and Other Intangible Assets - Goodwill by Reportable Business Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Goodwill [Roll Forward]
Goodwill, Beginning balance	$ 722.5	$ 709.4
Goodwill resulting from acquisition		7.4
Foreign currency translation adjustments	10.6	5.7
Goodwill, Ending balance	733.1	722.5
Tempur North America \| Tempur Sealy U.S.
Goodwill [Roll Forward]
Goodwill, Beginning balance	572.0	562.8
Goodwill resulting from acquisition		7.4
Foreign currency translation adjustments	4.6	1.8
Goodwill, Ending balance	576.6	572.0
Tempur International \| Sealy Canada
Goodwill [Roll Forward]
Goodwill, Beginning balance	150.5	146.6
Goodwill resulting from acquisition		0.0
Foreign currency translation adjustments	6.0	3.9
Goodwill, Ending balance	$ 156.5	$ 150.5

Goodwill and Other Intangible Assets - Other Intangible Assets and Expected Future Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount, total		$ 790.3	$ 786.5
Accumulated Amortization		122.9	107.8
Net Carrying Amount		667.4	678.7
Finite-Lived Intangible Assets, Net [Abstract]
Amortization expense relating to intangible assets	$ 17.9	16.1	17.2
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2018		16.1
2019		15.1
2020		14.6
2021		14.5
2022		13.3
Trade names
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - indefinite life intangible assets		561.7	559.8
Net Carrying Amount		$ 561.7	559.8
Contractual distributor relationships
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Useful Lives (Years)		15 years
Gross carrying amount - finite life intangible assets		$ 86.0	85.0
Accumulated Amortization		27.5	21.5
Net Carrying Amount		58.5	63.5
Technology and other
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - finite life intangible assets		91.4	90.4
Accumulated Amortization		54.3	46.5
Net Carrying Amount		$ 37.1	43.9
Technology and other \| Minimum
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Useful Lives (Years)		4 years
Technology and other \| Maximum
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Useful Lives (Years)		10 years
Patents, other trademarks and other trade names
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - finite life intangible assets		$ 27.3	27.1
Accumulated Amortization		19.0	19.2
Net Carrying Amount		$ 8.3	7.9
Patents, other trademarks and other trade names \| Minimum
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Useful Lives (Years)		5 years
Patents, other trademarks and other trade names \| Maximum
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Useful Lives (Years)		20 years
Customer databases, relationships and reacquired rights
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - finite life intangible assets		$ 23.9	24.2
Accumulated Amortization		22.1	20.6
Net Carrying Amount		$ 1.8	$ 3.6
Customer databases, relationships and reacquired rights \| Minimum
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Useful Lives (Years)		2 years
Customer databases, relationships and reacquired rights \| Maximum
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Useful Lives (Years)		5 years

Unconsolidated Affiliate Companies (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Unconsolidated Affiliate Companies
Equity		$ 39.2	$ 31.0
Joint Ventures
Unconsolidated Affiliate Companies
Ownership percentage		50.00%
Net investment		$ 21.5	15.5
Current assets		73.7	58.6
Non-current assets		17.8	14.2
Current liabilities		52.3	41.8
Net sales	$ 131.6	195.1	155.2
Gross profit	85.0	129.9	101.7
Income from operations	26.2	43.3	32.2
Net income	$ 20.1	$ 31.7	$ 24.8

Debt - Schedule of Borrowings Outstanding (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	May 24, 2016	Sep. 24, 2015
Long-term Debt, Current and Noncurrent [Abstract]
Other	$ 36,700,000	$ 35,800,000
Total debt	1,762,500,000	1,901,000,000
Less: deferred financing costs	(9,400,000)	(12,900,000)
Total debt, net	1,753,100,000	1,888,100,000
Less: current portion	(72,400,000)	(70,300,000)
Total long-term debt, net	1,680,700,000	$ 1,817,800,000
LIBOR
Line of Credit Facility [Abstract]
Index rate or LIBOR plus (percentage)		0.08%
2026 Senior Notes
Long-term Debt, Current and Noncurrent [Abstract]
Senior notes, noncurrent	$ 600,000,000.0	$ 600,000,000	$ 600,000,000.0
Line of Credit Facility [Abstract]
Stated percentage	5.50%	5.50%	5.50%
2023 Senior Notes
Long-term Debt, Current and Noncurrent [Abstract]
Senior notes, noncurrent	$ 450,000,000.0	$ 450,000,000		$ 450,000,000.0
Line of Credit Facility [Abstract]
Stated percentage	5.625%	5.625%		5.625%
Securitized debt
Long-term Debt, Current and Noncurrent [Abstract]
Senior notes, noncurrent	$ 375,000,000.0	$ 375,000,000
Line of Credit Facility [Abstract]
Stated percentage	6.875%
8.0% Sealy Notes
Long-term Debt, Current and Noncurrent [Abstract]
Securitized debt	$ 49,000,000	$ 0
Line of Credit Facility [Abstract]
Stated percentage		8.00%
Capital lease obligations
Long-term Debt, Current and Noncurrent [Abstract]
Capital lease obligations	71,800,000	$ 73,300,000
Credit Facility 2016
Long-term Debt, Current and Noncurrent [Abstract]
Less: deferred financing costs		(3,600,000)
Credit Facility 2016 \| Term A Facility
Long-term Debt, Current and Noncurrent [Abstract]
Line of credit	$ 555,000,000	$ 585,000,000
Credit Facility 2016 \| Term A Facility \| LIBOR
Line of Credit Facility [Abstract]
Index rate or LIBOR plus (percentage)	1.75%	1.50%
Credit Facility 2016 \| Revolver
Long-term Debt, Current and Noncurrent [Abstract]
Line of credit	$ 0	$ 156,900,000
Line of Credit Facility [Abstract]
Index rate or LIBOR plus (percentage)	1.75%	1500000.00%

Debt - Credit Facilities and Capital Leases (Details)	3 Months Ended		12 Months Ended
Debt - Credit Facilities and Capital Leases (Details)	Jun. 30, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Apr. 06, 2016 USD ($)
Line of Credit Facility [Line Items]
Debt issuance cost			$ 9,400,000	$ 12,900,000
Loss on extinguishment of debt	$ 47,200,000	$ 0	$ 0	47,200,000	$ 0
Minimum
Line of Credit Facility [Line Items]
Remaining lease term (in years)			1 year
Maximum
Line of Credit Facility [Line Items]
Remaining lease term (in years)			14 years
2012 Credit Agreement
Line of Credit Facility [Line Items]
Principal borrowing capacity, maximum			$ 350,000,000.0
Write-off of deferred financing costs			11,000,000
2012 Credit Agreement \| Term A Facility
Line of Credit Facility [Line Items]
Principal borrowing capacity, maximum			550,000,000.0
2012 Credit Agreement \| Term B facility
Line of Credit Facility [Line Items]
Principal borrowing capacity, maximum			870,000,000.0
Credit Facility 2016
Line of Credit Facility [Line Items]
Debt issuance cost				$ 3,600,000
Debt instrument amortization period deferred financing costs (in years				5 years
Loss on extinguishment of debt				$ 1,900,000
Credit Facility 2016 \| Line of Credit
Line of Credit Facility [Line Items]
Principal borrowing capacity, maximum						$ 500,000,000.0
Line of credit facility, increase (decrease)						500,000,000.0
Line of credit facility, maximum borrowing capacity in other currencies						250,000,000.0
Line of credit facility, capacity available for issuance of letters of credit						100,000,000.0
Line of credit facility, capacity available for swing line loans						$ 50,000,000.0
Equity interest of subsidiary guarantor (percentage)						100.00%
Equity voting rights of subsidiary (percentage)						65.00%
Domestic qualified cash, maximum percentage						100.00%
Foreign qualified cash, maximum percentage						60.00%
Domestic and foreign qualified cash, maximum						$ 150,000,000.0
Domestic qualified cash			18,400,000
Foreign qualified cash			$ 14,100,000
Total net leverage ratio				3.91
Line of credit facility, commitment fee percentage			0.30%
Credit Facility 2016 \| Line of Credit \| Maximum
Line of Credit Facility [Line Items]
Total net leverage ratio			5.00
Credit Facility 2016 \| Line of Credit \| Term Loan Facility
Line of Credit Facility [Line Items]
Principal borrowing capacity, maximum						500,000,000.0
Credit Facility 2016 \| Line of Credit \| Delayed Draw Term Loan Facility
Line of Credit Facility [Line Items]
Principal borrowing capacity, maximum						$ 100,000,000.0
Proceeds from lines of credit				$ 100,000,000.0
LIBOR
Line of Credit Facility [Line Items]
Index rate or LIBOR plus (percentage)				0.08%
LIBOR \| Credit Facility 2016 \| Term A Facility
Line of Credit Facility [Line Items]
Index rate or LIBOR plus (percentage)			1.75%	1.50%
LIBOR \| Credit Facility 2016 \| Line of Credit
Line of Credit Facility [Line Items]
Index rate or LIBOR plus (percentage)			1.75%
Base Rate \| Credit Facility 2016 \| Line of Credit
Line of Credit Facility [Line Items]
Index rate or LIBOR plus (percentage)			0.75%
Sealy Notes
Line of Credit Facility [Line Items]
Stated percentage				8.00%

Debt - Senior Notes (Details) - USD ($)	3 Months Ended		12 Months Ended
Debt - Senior Notes (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Apr. 12, 2017	Oct. 18, 2016	May 24, 2016	Apr. 06, 2016	Apr. 04, 2016	Sep. 24, 2015
Debt Instrument [Line Items]
Loss on extinguishment of debt	$ 47,200,000	$ 0	$ 0	$ 47,200,000	$ 0
2026 Senior Notes
Debt Instrument [Line Items]
Senior notes, noncurrent			$ 600,000,000.0	$ 600,000,000				$ 600,000,000.0
Stated percentage			5.50%	5.50%				5.50%
Percentage of principal amount that may be redeemed			105.50%
Minimum percentage of notes not eligible for early redemption			65.00%
Senior notes, percent exchanged							100.00%
Deferred financing costs				$ 3,100,000
Debt instrument amortization period deferred financing costs (in years				10 years
Loss on extinguishment of debt				$ 5,900,000
2026 Senior Notes \| Any time on or after June 15, 2021
Debt Instrument [Line Items]
Redemption price, percentage			102.75%
2026 Senior Notes \| Beginning on June 15, 2024
Debt Instrument [Line Items]
Redemption price, percentage			100.00%
2026 Senior Notes \| Any time prior to June 15, 2021 with a 'make-whole' premium and accrued and unpaid interest, if any
Debt Instrument [Line Items]
Percentage of redemption on notes			100.00%
2026 Senior Notes \| Any time prior to June 15, 2019 with the net cash proceeds from certain equity offerings plus accrued and unpaid interest, if any
Debt Instrument [Line Items]
Percentage of redemption on notes			35.00%
Securitized debt
Debt Instrument [Line Items]
Senior notes, noncurrent			$ 375,000,000.0	375,000,000
Stated percentage			6.875%
Loss on extinguishment of debt			$ 23,600,000
Write-off of deferred financing costs	$ 4,800,000
2023 Senior Notes
Debt Instrument [Line Items]
Senior notes, noncurrent			$ 450,000,000.0	$ 450,000,000							$ 450,000,000.0
Stated percentage			5.625%	5.625%							5.625%
Percentage of principal amount that may be redeemed			105.625%
Minimum percentage of notes not eligible for early redemption			65.00%
Senior notes, percent exchanged										100.00%
2023 Senior Notes \| Any time on or after October 15, 2018
Debt Instrument [Line Items]
Redemption price, percentage			104.219%
2023 Senior Notes \| Beginning on October 15, 2021
Debt Instrument [Line Items]
Redemption price, percentage			100.00%
2023 Senior Notes \| Any time prior to October 15, 2018 with a 'make-whole' premium and accrued and unpaid interest, if any
Debt Instrument [Line Items]
Percentage of redemption on notes			100.00%
2023 Senior Notes \| Any time prior to October 15, 2018 with the net cash proceeds from certain equity offerings plus accrued and unpaid interest, if any
Debt Instrument [Line Items]
Redemption price, percentage			35.00%
8.0% Sealy Notes
Debt Instrument [Line Items]
Stated percentage				8.00%
Credit Facility 2016
Debt Instrument [Line Items]
Debt instrument amortization period deferred financing costs (in years				5 years
Loss on extinguishment of debt				$ 1,900,000
Line of Credit \| Credit Facility 2016
Debt Instrument [Line Items]
Principal borrowing capacity, maximum									$ 500,000,000.0
Line of Credit \| Delayed Draw Term Loan Facility \| Credit Facility 2016
Debt Instrument [Line Items]
Proceeds from lines of credit				100,000,000.0
Principal borrowing capacity, maximum									$ 100,000,000.0
Revolver
Debt Instrument [Line Items]
Principal borrowing capacity, maximum						$ 120,000,000.0
Significant Other Observable Inputs (Level 2) \| 2026 Senior Notes
Debt Instrument [Line Items]
Notes, fair value			$ 618,100,000	606,800,000
Significant Other Observable Inputs (Level 2) \| 2023 Senior Notes
Debt Instrument [Line Items]
Notes, fair value			$ 470,900,000	$ 468,500,000

Debt - Schedule of Maturities of Long-term Debt (Details) $ in Millions	Dec. 31, 2017 USD ($)
Debt Disclosure [Abstract]
2018	$ 72.4
2019	92.9
2020	59.3
2021	442.1
2022	5.7
Thereafter	1,090.1
Total	$ 1,762.5

Retirement Plans - Defined Contribution Plans (Details) - 401k Plan - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Defined Contribution Plan Disclosure [Line Items]
Eligible employee contribution maximum (percentage)		85.00%
Defined contribution plan, employment eligibility to receive matching contributions, minimum (in years)		6 months
Defined contribution plan, percentage of eligible employee contribution match, first tier		100.00%
Defined contribution plan, percentage of eligible employee contributions matched fully, first tier		3.00%
Defined contribution plan, eligible employee contribution match, second tier		50.00%
Defined contribution plan, eligible employee contribution matched by the company, second tier		2.00%
Defined contribution plan, cost recognized	$ 7.3	$ 4.0	$ 6.7

Retirement Plans - Defined Benefit Plans (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017 USD ($) facility	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Retirement plans
Number of active plants at which a defined benefit pension plan for current and former hourly employees is provided \| facility	2
Number of previously closed U.S. facilities at which a defined benefit pension plan for current and former hourly employees was provided \| facility	10
Components of net periodic pension cost for employees
Service cost	$ 0.9	$ 0.8	$ 0.8
Interest cost	1.2	1.2	1.9
Expected return on assets	(1.5)	(1.3)	(2.2)
Amortization of prior service cost	0.1	0.0	0.0
Settlement loss	0.0	0.2	1.3
Net periodic pension cost	0.7	0.9	1.8
Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive income
Net loss	(0.4)	(1.5)	(0.2)
Amortization of prior service cost	(0.1)	0.0	0.0
Amortization or settlement recognition of net loss	0.0	(0.2)	(1.3)
New prior service cost	0.5	0.0	0.1
Total recognized in other comprehensive loss (income)	$ 0.8	$ 1.3	$ (1.0)
Assumptions, calculated on a weighted-average basis, were used to determine pension costs
Discount rate (as a percent)	4.07%	4.27%	4.12%
Expected long term return on plan assets (as a percent)	6.64%	6.71%	7.05%
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$ 28.0	$ 28.2
Service cost	0.9	0.8	$ 0.8
Interest cost	1.2	1.2	1.9
Plan amendments	0.5	0.0
Actuarial loss	2.3	0.8
Settlements	0.0	(2.0)
Benefits paid	0.9	1.1
Expenses paid	(0.1)	0.0
Foreign currency exchange rate changes	0.2	0.1
Projected benefit obligation at end of year	32.1	28.0	28.2
Change in Plan Assets:
Fair value of plan assets at beginning of year	21.7	13.9
Actual return on plan assets	3.5	0.6
Employer contribution	0.9	10.2
Settlements	0.0	(2.0)
Benefits paid	(0.9)	(1.1)
Expenses paid	(0.1)	0.0
Foreign currency exchange rate changes	0.2	0.1
Fair value of plan assets at end of year	25.3	21.7	$ 13.9
Funded status	(6.8)	(6.3)
Amounts recognized in the Consolidated Balance Sheets:
Non-current benefit liability	7.3	6.3
Non-current benefit asset	$ 0.5	$ 0.0
Assumptions, calculated on a weighted-average basis, were used to determine benefit obligations
Discount rate (percentage)	3.56%	4.06%
United States Retirement Plan
Assumptions, calculated on a weighted-average basis, were used to determine pension costs
Discount rate (as a percent)	4.06%	4.26%
Assumptions, calculated on a weighted-average basis, were used to determine benefit obligations
Discount rate (percentage)	3.54%	4.06%
Canadian Retirement Plan
Assumptions, calculated on a weighted-average basis, were used to determine pension costs
Discount rate (as a percent)	4.10%	4.30%
Assumptions, calculated on a weighted-average basis, were used to determine benefit obligations
Discount rate (percentage)	3.70%	4.10%
Sealy
Retirement plans
Ownership interest (percentage)	100.00%
Number of facilities where employees are covered by defined benefit pension plan \| facility	1
Sealy \| United States Retirement Plan
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$ 24.9
Projected benefit obligation at end of year	28.3	$ 24.9
Change in Plan Assets:
Fair value of plan assets at beginning of year	18.6
Fair value of plan assets at end of year	21.0	18.6
Sealy \| Canadian Retirement Plan
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	3.1
Projected benefit obligation at end of year	3.8	3.1
Change in Plan Assets:
Fair value of plan assets at beginning of year	3.1
Fair value of plan assets at end of year	$ 4.3	$ 3.1

Retirement Plans - Plan Assets and Estimated Future Benefit Payments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Retirement plans
Expected contribution in next fiscal year	$ 0.3
Estimated future benefit payments
Fiscal 2018	1.0
Fiscal 2019	1.0
Fiscal 2020	1.1
Fiscal 2021	1.1
Fiscal 2022	1.2
Fiscal 2023 ‑ Fiscal 2027	$ 7.0
Target and actual asset allocations
Total target plan assets	100.00%
Total actual plan assets	100.00%
Total assets	$ 25.3	$ 21.7	$ 13.9
United States Retirement Plan
Target and actual asset allocations
Expected long-term return assumption (percentage)	7.00%
Canadian Retirement Plan
Target and actual asset allocations
Expected long-term return assumption (percentage)	5.50%
Equity securities
Target and actual asset allocations
Total target plan assets	60.00%
Total actual plan assets	76.47%
Debt securities
Target and actual asset allocations
Total target plan assets	40.00%
Total actual plan assets	23.28%
Other
Target and actual asset allocations
Total target plan assets	0.00%
Total actual plan assets	0.25%
U.S. equity
Target and actual asset allocations
Total assets	$ 15.1	12.5
International equity
Target and actual asset allocations
Total assets	4.2	3.7
Total equity based funds
Target and actual asset allocations
Total assets	19.3	16.2
Common/collective trust - fixed income
Target and actual asset allocations
Total assets	5.9	4.9
Money market funds
Target and actual asset allocations
Total assets	$ 0.1	$ 0.6

Retirement Plans - Multi-employer Benefit Plans (Details) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015 USD ($)	Dec. 31, 2017 USD ($) facility	Dec. 31, 2016 USD ($)
Multi-Employer Benefit Plans
Domestic employees represented by various labor unions with separate collective bargaining agreements (percentage)		32.00%
Expenses recognized for contributions	$ 1.1
Total contributions for most recent plan year available (percentage)		5.00%
Red Zone
Multi-Employer Benefit Plans
Multi-employer plans funded status (percentage) (less than for Red and Yellow Zone, greater than for Green Zone)		65.00%	65.00%
Yellow Zone
Multi-Employer Benefit Plans
Multi-employer plans funded status (percentage) (less than for Red and Yellow Zone, greater than for Green Zone)		80.00%	80.00%
Number of years in which a multi-employer plan is projected to be a credit balance		7 years
Green Zone
Multi-Employer Benefit Plans
Multi-employer plans funded status (percentage) (less than for Red and Yellow Zone, greater than for Green Zone)		80.00%	80.00%
Number of years in which a multi-employer plan is projected not to be a credit balance		7 years
Multi-employer Retirement Plan
Multi-Employer Benefit Plans
Number of domestic manufacturing facilities where employees are covered by union sponsored multiemployer plans \| facility		9
Expenses recognized for contributions	5.0	$ 4.3	$ 4.9
Multi-employer Health and Welfare Plan \| Multi-employer Retirement Plan
Multi-Employer Benefit Plans
Number of domestic manufacturing facilities where employees are covered by union sponsored multiemployer plans \| facility		3
Expenses recognized for contributions	$ 2.4	$ 3.5	$ 2.8
United Furniture Workers Pension Fund A
Multi-Employer Benefit Plans
Surcharge (percentage)			10.00%
United Furniture Workers Pension Fund A \| Multi-employer Retirement Plan
Multi-Employer Benefit Plans
Expenses recognized for contributions		$ 1.1	$ 1.2
Pension Plan of the National Retirement Fund
Multi-Employer Benefit Plans
Surcharge (percentage)		10.00%	10.00%
Pension Plan of the National Retirement Fund \| Multi-employer Retirement Plan
Multi-Employer Benefit Plans
Expenses recognized for contributions		$ 0.8	$ 1.3
Central States, Southeast & Southwest Areas Pension Plan
Multi-Employer Benefit Plans
Surcharge (percentage)		10.00%	10.00%
Central States, Southeast & Southwest Areas Pension Plan \| Multi-employer Retirement Plan
Multi-Employer Benefit Plans
Expenses recognized for contributions		$ 0.7	$ 0.3

Stockholders' (Deficit) Equity (Details)	12 Months Ended
Stockholders' (Deficit) Equity (Details)	Dec. 31, 2017 USD ($) vote $ / shares shares	Dec. 31, 2016 USD ($) $ / shares shares	Dec. 31, 2015 USD ($)	Feb. 08, 2017 right $ / shares shares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock shares authorized (in shares) \| shares	300,000,000	300,000,000
Common stock par or stated value (in dollars per share) \| $ / shares	$ 0.01	$ 0.01		$ 0.01
Preferred stock authorized shares (in shares) \| shares	10,000.00
Preferred stock par or stated value (in dollars per share) \| $ / shares	$ 0.01
Common stock, voting rights per share held \| vote	1
Number of rights authorized per share of outstanding common stock \| right				1
Percentage ownership of common stock outstanding required to exercise rights				20.00%
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ (41,900,000)	$ 267,800,000	$ 180,600,000
Other comprehensive (loss) income:
Total other comprehensive income	28,000,000	(7,100,000)	(45,700,000)
Balance at ending of period	112,500,000	(41,900,000)	267,800,000
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(101,900,000)	(101,600,000)	(48,900,000)
Other comprehensive (loss) income:
Tax expense	0	0	0
Net amount reclassified to earnings	0	0	0
Total other comprehensive income	29,100,000	(300,000)	(52,700,000)
Balance at ending of period	(72,800,000)	(101,900,000)	(101,600,000)
Pension Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(2,200,000)	(1,400,000)	(2,400,000)
Other comprehensive (loss) income:
Net change from period revaluation:	(800,000)	(1,500,000)	200,000
Tax expense	300,000	600,000	0
Total other comprehensive (loss) income before reclassifications, net of tax	(500,000)	(900,000)	200,000
Net amount reclassified to earnings	0	200,000	1,300,000
Tax benefit	0	(100,000)	(500,000)
Total amount reclassified from accumulated other comprehensive loss, net of tax	0	100,000	800,000
Total other comprehensive income	(500,000)	(800,000)	1,000,000
Balance at ending of period	(2,700,000)	(2,200,000)	(1,400,000)
Series A Preferred Stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock par or stated value (in dollars per share) \| $ / shares				$ 0.01
Class of warrant or right, number of securities called by each warrant or right \| shares				0.001
Exercise price of rights (in dollars per share) \| $ / shares				$ 90
Interest Rate Swap \| Derivative Contracts
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	0	0	(700,000)
Other comprehensive (loss) income:
Net change from period revaluation:	0	0	3,100,000
Tax expense	0	0	(1,200,000)
Total other comprehensive (loss) income before reclassifications, net of tax	0	0	1,900,000
Net amount reclassified to earnings	0	0	(1,900,000)
Tax benefit	0	0	700,000
Total amount reclassified from accumulated other comprehensive loss, net of tax	0	0	(1,200,000)
Total other comprehensive income	0	0	700,000
Balance at ending of period	0	0	0
Foreign Exchange Forward \| Derivative Contracts
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	600,000	6,600,000	1,300,000
Other comprehensive (loss) income:
Net change from period revaluation:	(600,000)	(3,600,000)	14,600,000
Tax expense	100,000	1,000,000	(3,800,000)
Total other comprehensive (loss) income before reclassifications, net of tax	(500,000)	(2,600,000)	10,800,000
Net amount reclassified to earnings	(100,000)	(4,600,000)	(7,400,000)
Tax benefit	0	1,200,000	1,900,000
Total amount reclassified from accumulated other comprehensive loss, net of tax	(100,000)	(3,400,000)	(5,500,000)
Total other comprehensive income	(600,000)	(6,000,000)	5,300,000
Balance at ending of period	$ 0	$ 600,000	$ 6,600,000

Other Items - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Other Items [Abstract]
Wages and benefits	$ 57.6	$ 74.3
Advertising	44.5	48.6
Sales returns	19.6	20.0
Rebates	11.4	8.4
Warranty	16.7	14.3
Other	84.4	84.4
Total accrued expenses and other current liabilities	$ 234.2	$ 250.0

Stock-based Compensation - Narrative (Details) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015 USD ($)	Dec. 31, 2017 USD ($) plan shares	Dec. 31, 2016 USD ($) shares	Dec. 31, 2015	May 11, 2017 shares	Dec. 31, 2003 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of compensation plans \| plan		2
Total stock-based compensation expense	$ 22.5	$ 13.3	$ 16.2
Total intrinsic value of options exercised	71.8	5.4	$ 23.9
Stock options granted \| shares			0
Cash received from exercise of stock options	20.4	12.8	$ 15.7
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	6.6	7.1	5.3
Performance-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	13.7	(6.5)	3.9
Revaluation benefit from PRSU Granted		9.3	3.8
Total intrinsic value of options exercised		2.9
Outstanding intrinsic value		$ 173.6
Performance-based Restricted Stock Units \| Treasury Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date intrinsic value			$ 5.6
Percentage of stock units released		71.20%	79.00%
Maximum payout (percent)		300.00%	200.00%
Performance period (in years)				2 years
Performance-based Restricted Stock Units \| Chief Executive Officer \| Tranche one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target shares vested, percentage			50.00%
Restricted Stock Units and Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 2.2	$ 12.7	$ 7.0
Aggregate intrinsic value of RSUs and DSUs vested during the period		4.6
Long Term Incentive Plan 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of common stock shares to be issued (in shares) \| shares					8,700,000
Amended And Restated 2003 Equity Incentive Plan \| Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of common stock shares to be issued (in shares) \| shares						11,500,000
Aspirational Plan \| Performance-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		650.0
Unrecognized compensation expense		$ 74.7
Aspirational Plan \| Performance-based Restricted Stock Units \| Tranche one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding \| shares		1,000,000
Aspirational Plan \| Performance-based Restricted Stock Units \| Tranche two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding \| shares		0
Aspirational Plan \| Performance-based Restricted Stock Units \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		$ 85.5
Vesting Scenario One \| Aspirational Plan 2019 \| Performance-based Restricted Stock Units \| Tranche one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		$ 600.0
Vesting rights, percentage		66.00%
Vesting Scenario One \| Aspirational Plan 2019 \| Performance-based Restricted Stock Units \| Tranche two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		$ 600.0
Vesting rights, percentage		66.00%
Vesting Scenario Two \| Aspirational Plan 2019 \| Performance-based Restricted Stock Units \| Tranche one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		$ 650.0
Vesting rights, percentage		100.00%
Vesting Scenario Two \| Aspirational Plan 2019 \| Performance-based Restricted Stock Units \| Tranche two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		$ 650.0
Vesting rights, percentage		100.00%
Vesting Scenario Four \| Aspirational Plan 2019 \| Performance-based Restricted Stock Units \| Tranche one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		$ 600.0
Vesting Scenario Four \| Aspirational Plan 2019 \| Performance-based Restricted Stock Units \| Tranche two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		600.0
Minimum \| Vesting Scenario Three \| Aspirational Plan 2019 \| Performance-based Restricted Stock Units \| Tranche one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		600.0
Minimum \| Vesting Scenario Three \| Aspirational Plan 2019 \| Performance-based Restricted Stock Units \| Tranche two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		600.0
Maximum \| Vesting Scenario Three \| Aspirational Plan 2019 \| Performance-based Restricted Stock Units \| Tranche one
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		650.0
Maximum \| Vesting Scenario Three \| Aspirational Plan 2019 \| Performance-based Restricted Stock Units \| Tranche two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA		$ 650.0

Stock-based Compensation - PRSU And RSU Activity And Related Information (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Performance-based Restricted Stock Units
Shares
Beginning balance (in shares)	1.7	1.9
Granted (in shares)	1.6	0.2
Vested (in shares)	(0.2)	(0.1)
Forfeited/Terminated (in shares)	(0.4)	(0.3)
Ending balance (in shares)	2.7	1.7
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 68.02	$ 68.17
Granted (in dollars per share)	59.64	60.78
Vested (in dollars per share)	59.39	51.87
Forfeited/Terminated (in dollars per share)	65.48	70.43
Ending balance (in dollars per share)	$ 64.13	$ 68.02
Restricted Stock Units and Deferred Stock Units
Shares
Beginning balance (in shares)	0.4	0.1
Granted (in shares)	0.4	0.3
Vested (in shares)	(0.1)	0.0
Forfeited/Terminated (in shares)	(0.1)	0.0
Ending balance (in shares)	0.6	0.4
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)	$ 59.37	$ 66.41
Granted (in dollars per share)	68.08	53.77
Vested (in dollars per share)	54.20	60.17
Forfeited/Terminated (in dollars per share)	64.66	53.45
Ending balance (in dollars per share)	$ 64.94	$ 59.37
Intrinsic value	$ 41.7

Stock-based Compensation - Fair Value Assumptions And Methodology (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2016
Fair value assumptions and methodology [Abstract]
Expected volatility range of stock, minimum (in hundredths)	34.00%	37.40%
Expected volatility range of stock, maximum (in hundredths)	36.20%	40.80%
Expected life of option, range in years, minimum	3 years
Expected life of option, range in years, maximum	5 years	5 years
Risk-free interest rate range, minimum (in hundredths)	0.90%	1.80%
Risk-free interest rate range, maximum (in hundredths)	1.50%	1.90%
Expected dividend yield on stock, minimum (in hundredths)	0.00%	0.00%
Expected dividend yield on stock, maximum (in hundredths)	0.00%	0.00%

Stock-based Compensation - Stock Option Activity (Details) - Stock Option Plans 2003 and 2013 - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Shares
Beginning balance (in shares)	1.5	2.1
Granted, net (in shares)	0.6
Released (in shares)	(0.3)	(0.6)
Forfeited (in shares)	(0.1)	0.0
Ending balance (in shares)	1.7	1.5
Options exercisable (in shares)	0.9
Weighted Average Exercise Price
Beginning balance weighted average exercise price (dollars per share)	$ 50.46	$ 42.75
Granted weighted average exercise price (dollars per share)	69.04	0.00
Released weighted average exercise price (in dollars per share)	38.44	24.72
Forfeited weighted average exercise price (dollars per share)	67.45	58.37
Ending balance weighted average exercise price (dollars per share)	58.93	$ 50.46
Options exercisable weighted average exercise price (dollars per share)	$ 51.57
Options outstanding weighted average remaining contractual term (in years)	6 years 11 months 23 days
Options outstanding weighted average intrinsic value	$ 1.5
Options exercisable weighted average remaining contractual term (in years)	5 years 7 months 28 days
Options exercisable weighted average intrinsic value	$ 10.2

Stock-based Compensation - Unvested Shares Relating To Stock Options (Details) - Unvested Stock Options - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Shares
Beginning balance (in shares)	0.5	0.8
Granted, net (in shares)	0.6	0.0
Vested (in shares)	(0.3)	(0.3)
Forfeited (in shares)	(0.1)	0.0
Ending balance (in shares)	0.7	0.5
Weighted Average Grant Date Fair Value
Beginning of period weighted average grant date fair value (dollars per share)	$ 63.09	$ 62.34
Granted weighted average grant date fair value (dollars per share)	69.04	0
Vested weighted average grant date fair value (dollars per share)	61.69	61.28
Forfeited weighted average grant date fair value (dollars per share)	67.45	58.37
Ending of period weighted average grant date fair value (dollars per share)	$ 67.95	$ 63.09

Stock-based Compensation - Compensation Expense (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 42.6
Weighted average remaining vesting period (in years)	2 years 8 months 1 day
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 12.0
Weighted average remaining vesting period (in years)	2 years 7 months 28 days
Restricted Stock Units and Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 4.8
Weighted average remaining vesting period (in years)	2 years 7 months 24 days
Performance-based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	$ 25.8
Weighted average remaining vesting period (in years)	2 years 8 months 9 days

Commitments and Contingencies - Operating Leases (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Operating lease expenses	$ 41.4	$ 41.6	$ 33.5
Operating leases future minimum lease payments [Abstract]
2018		39.5
2019		29.6
2020		22.5
2021		20.1
2022		15.5
Thereafter		40.1
Total		$ 167.3

Commitments and Contingencies - Litigation (Details)						1 Months Ended
Commitments and Contingencies - Litigation (Details)	Jul. 21, 2017 suit	Jul. 14, 2017 suit	Jul. 10, 2017 suit	Mar. 30, 2017 subsidiary	Mar. 24, 2017 officer	Jul. 31, 2017 suit
David Buehring Case
Loss Contingencies [Line Items]
Loss contingency, number of defendants \| officer					2
Gardner Case
Loss Contingencies [Line Items]
Loss contingency, new claims filed, number \| suit	1	1	1			3
Mattress Firm Case
Loss Contingencies [Line Items]
Loss contingency, number of defendants \| subsidiary				2

Income Taxes - Additional Information (Details) DKK in Millions, $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Jul. 31, 2016 DKK	Dec. 31, 2015 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2017 DKK	Dec. 31, 2016 DKK
Income Tax Examination [Line Items]
Remeasurement of deferred taxes		$ 0.0	$ (69.7)	$ 0.0
Tax reform tax rate change (percentage)		(0.00%)	37.00%	(0.00%)
Effective income tax provision (percentage)			25.70%	39.00%
Transition Tax		$ 0.0	$ 45.9	$ 0.0
Transition Tax (percentage)		0.00%	24.40%	0.00%
Unrecognized tax benefits		$ 67.7		$ 21.4	$ 67.7
Income tax penalties and interest expense			$ 0.4	1.6	33.5
Accrued interest and penalties		43.8	59.9	52.3	43.8
Uncertain tax liability		$ 69.8	84.5	71.7	$ 69.8
Deferred income taxes			107.1	142.4
Valuation allowance			55.1	45.2
Tax deposit paid	DKK 615.2		98.9	87.2
US State
Income Tax Examination [Line Items]
Operating loss carryforwards, valuation allowance			124.2
Tax credit carryforward, valuation allowance			8.1
US Federal
Income Tax Examination [Line Items]
Tax credit carryforward, valuation allowance			$ 12.2
Danish Tax Authority
Income Tax Examination [Line Items]
Royalty rate assessed on Danish earnings (percentage)			20.00%
Cumulative assessment amount including interest and penalties			$ 264.3	219.3		DKK 1,638.4	DKK 1,547.3
Uncertain tax liability			137.8	120.6		854.0	850.0
Deferred income taxes			47.2	43.5
Valuation allowance			19.3	17.6
VAT taxes withheld by tax authority			54.1	36.6		336.5	258.0
VAT refund applied to income tax liability	DKK 224.6		36.1	31.8
Tax Years 2001-2011 \| Danish Tax Authority
Income Tax Examination [Line Items]
Uncertain tax liability			134.8	118.5		835.0
Tax Years After 2011 \| Danish Tax Authority
Income Tax Examination [Line Items]
Uncertain tax liability			$ 3.0	$ 2.1		DKK 18.0	DKK 15.0

Income Taxes - Pre-tax Income Attributable to Operating Segments (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income before income taxes:
United States	$ 120.2	$ 97.2	$ 179.0
Rest of the world	70.9	91.2	92.8
Income before income taxes	$ 191.1	$ 188.4	$ 271.8	$ 191.1

Income Taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reconciliation in dollars [Abstract]
Statutory U.S. federal income tax	$ 66.9	$ 65.9	$ 95.1
State income taxes, net of federal benefit	1.1	(0.6)	8.0
Foreign repatriation, net of foreign tax credits	0.0	0.0	(4.3)
Foreign tax differential	(10.0)	(11.6)	(11.9)
Change in valuation allowances	2.5	8.3	20.2
Uncertain tax positions	59.7	0.2	(27.1)
Subpart F income	1.9	2.7	2.0
Manufacturing deduction	(1.6)	(1.9)	(4.2)
Remeasurement of deferred taxes	0.0	(69.7)	0.0
Transition Tax	0.0	45.9	0.0
Permanent and other	4.9	8.5	9.0
Effective income tax provision	$ 125.4	$ 47.7	$ 86.8	$ 125.4
Reconciliation in percentages [Abstract]
Statutory U.S. federal income tax (percentage)	35.00%	35.00%	35.00%
State income taxes, net of federal benefit (percentage)	0.60%	(0.30%)	2.90%
Foreign repatriation, net of foreign tax credits (percentage)	(0.00%)	(0.00%)	(1.60%)
Foreign tax differential (percentage)	(5.20%)	(6.10%)	(4.40%)
Change in valuation allowance (percentage)	1.30%	4.40%	7.40%
Uncertain tax positions (percentage)	31.20%	0.00%	(9.90%)
Subpart F income (percentage)	1.00%	1.40%	0.70%
Manufacturing deduction (percentage)	(0.80%)	(1.00%)	(1.50%)
Tax reform tax rate change (percentage)	0.00%	(37.00%)	0.00%
Transition Tax (percentage)	0.00%	24.40%	0.00%
Permanent and other (percentage)	2.50%	4.50%	3.30%
Effective income tax provision (percentage)	65.60%	25.30%	31.90%

Income Taxes - Tax Provision Summary (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current provision
Federal	$ 107.1	$ 73.5	$ 73.5
State	7.2	3.1	4.5
Foreign	32.4	31.3	39.9
Total current	146.7	107.9	117.9
Deferred provision
Federal	(12.3)	(67.7)	(21.4)
State	(3.7)	7.5	1.6
Foreign	(5.3)	0.0	(11.3)
Total deferred	(21.3)	(60.2)	(31.1)
Effective income tax provision	$ 125.4	$ 47.7	$ 86.8	$ 125.4

Income Taxes - Deferred Tax Assets and Liabilities Recognized in the Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Stock-based compensation	$ 10.6	$ 18.4
Accrued expenses and other	36.3	49.9
Net operating losses, foreign tax credits and charitable contribution carryforward	92.9	98.5
Inventories	6.2	7.2
Transaction costs	13.4	10.2
Property, plant and equipment	2.8	3.4
Total deferred tax assets	162.2	187.6
Valuation allowances	(55.1)	(45.2)
Total net deferred tax assets	107.1	142.4
Deferred tax liabilities:
Intangible assets	(161.9)	(242.4)
Property, plant and equipment	(29.5)	(42.4)
Accrued expenses and other	(6.4)	(9.7)
Total deferred tax liabilities	(197.8)	(294.5)
Net deferred tax liabilities	$ (90.7)	$ (152.1)

Income Taxes - Operating Loss and Tax Credit Carryforwards (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Charitable contribution carryover (CCCs)	$ 18.0	$ 38.4
US State
Operating Loss Carryforwards [Line Items]
Net operating losses	133.9	131.2
Tax credit carryforwards	8.1	4.0
US Federal
Operating Loss Carryforwards [Line Items]
Tax credit carryforwards	12.2	12.2
Foreign
Operating Loss Carryforwards [Line Items]
Net operating losses	$ 33.1	$ 34.1

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Unrecognized tax benefits [Roll Forward]
Balance as of beginning of period	$ 71.7	$ 69.8
Additions based on tax positions related to current period	3.9	2.5
Additions for tax positions of prior years	11.4	29.2
Expiration of statutes of limitations	0.0	(5.0)
Settlements of uncertain tax positions with tax authorities	(2.5)	(24.8)
Balance as of end of period	84.5	71.7	$ 69.8
Unrecognized tax benefits		21.4	67.7
Income tax penalties and interest expense	0.4	1.6	33.5
Accrued interest and penalties	$ 59.9	$ 52.3	$ 43.8

Non-controlling Interests (Details)	12 Months Ended
Non-controlling Interests (Details)	Dec. 31, 2017	Dec. 31, 2016	Oct. 03, 2016
Comfort Revolution
Redeemable Noncontrolling Interest
Redemption value of put and call arrangement as a percentage of EBITDA	7.5
Period of EBITDA considered for redemption value	12 months
Percentage of noncontrolling interest from the acquisition	55.00%
Tempur North America
Redeemable Noncontrolling Interest
Ownership percentage by parent		51.00%	51.00%
Ownership percentage by noncontrolling owners	49.00%	49.00%
Business Acquisition, Percentage of Voting Interests Acquired	49.00%

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended									12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$ 48.4	$ 44.6	$ 24.5	$ 33.9	$ 51.9	$ 77.8	$ 21.3	$ 39.6	$ 64.5	$ 151.4	$ 190.6	$ 64.5
Denominator:
Denominator for basic earnings per common share—weighted average shares										54.0	59.0	61.7
Effect of dilutive securities:
Employee stock based compensation (in shares)										0.7	0.8	0.9
Denominator for diluted earnings per common share—adjusted weighted average shares (in shares)										54.7	59.8	62.6
Basic earnings per common share (in dollars per share)	$ 0.89	$ 0.83	$ 0.45	$ 0.63	$ 0.93	$ 1.34	$ 0.35	$ 0.64	$ 1.05	$ 2.80	$ 3.23	$ 1.05
Diluted earnings per common share (in dollars per share)	$ 0.88	$ 0.81	$ 0.45	$ 0.62	$ 0.92	$ 1.32	$ 0.35	$ 0.63	$ 1.03	$ 2.77	$ 3.19	$ 1.03
Shares excluded from diluted earnings per common share computation as anti-dilutive (in shares)									0.2	1.3	0.4

Business Segment Information (Details) $ in Millions	3 Months Ended									12 Months Ended
Business Segment Information (Details) $ in Millions	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Sep. 30, 2016 USD ($)	Jun. 30, 2016 USD ($)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2017 USD ($) segment	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
Segment Reporting Information [Line Items]
Number of business segments \| segment										2
Segment information [Abstract]
Total assets	$ 2,694.0				$ 2,698.8					$ 2,694.0	$ 2,698.8
Total property, plant and equipment, net	435.1				422.2					435.1	422.2
Net sales	648.2	$ 724.8	$ 659.3	$ 722.1	771.1	$ 832.4	$ 804.4	$ 721.0	$ 3,154.6	2,754.4	3,128.9	$ 3,154.6
Inter-segment sales									0.0	0.0	0.0
Gross profit	273.3	312.2	268.6	286.6	317.5	362.1	336.9	291.0	1,249.2	1,140.7	1,307.5	1,249.2
Inter-segment royalty expense (income)										0.0	0.0
Operating income (loss)	77.7	$ 94.6	$ 56.6	$ 59.5	102.4	$ 131.1	$ 100.2	$ 76.7	306.5	288.4	410.4	306.5
Income (loss) before income taxes									191.1	188.4	271.8	$ 191.1
Depreciation and amortization									93.9	94.6	89.5
Capital expenditures									65.9	67.0	62.4
Bedding sales
Segment information [Abstract]
Net sales									2,890.0	2,521.8	2,892.9
Other sales
Segment information [Abstract]
Net sales									264.6	232.6	236.0
United States
Segment information [Abstract]
Total property, plant and equipment, net	373.2				360.7					373.2	360.7
Net sales									2,374.7	1,954.2	2,361.8
Canada
Segment information [Abstract]
Total property, plant and equipment, net	7.2				6.6					7.2	6.6
Net sales									202.5	219.6	208.3
Other International
Segment information [Abstract]
Total property, plant and equipment, net	54.7				54.9					54.7	54.9
Net sales									577.4	580.6	558.8
Total International
Segment information [Abstract]
Net sales									779.9	800.2	767.1
International
Segment information [Abstract]
Total property, plant and equipment, net	61.9				61.5					61.9	61.5
Operating Segments \| Tempur North America
Segment information [Abstract]
Total assets	2,759.4				2,581.4					2,759.4	2,581.4
Total property, plant and equipment, net	307.6				297.4					307.6	297.4
Net sales									2,577.2	2,173.8	2,570.1
Inter-segment sales									5.9	3.8	4.5
Gross profit									954.6	844.7	1,017.4
Inter-segment royalty expense (income)									7.1	5.5	7.2
Operating income (loss)									335.6	273.2	411.8
Income (loss) before income taxes									324.4	276.0	406.8
Depreciation and amortization									43.3	51.4	43.7
Capital expenditures									28.9	39.9	32.8
Operating Segments \| Tempur North America \| Bedding sales
Segment information [Abstract]
Net sales									2,428.9	2,051.8	2,447.8
Operating Segments \| Tempur North America \| Other sales
Segment information [Abstract]
Net sales									148.3	122.0	122.3
Operating Segments \| Tempur International
Segment information [Abstract]
Total assets	609.4				568.8					609.4	568.8
Total property, plant and equipment, net	54.7				54.9					54.7	54.9
Net sales									577.4	580.6	558.8
Inter-segment sales									0.7	0.9	0.4
Gross profit									294.6	296.0	290.1
Inter-segment royalty expense (income)									(7.1)	(5.5)	(7.2)
Operating income (loss)									96.3	104.9	97.6
Income (loss) before income taxes									64.2	77.5	82.5
Depreciation and amortization									16.0	14.7	15.6
Capital expenditures									14.8	9.4	15.3
Operating Segments \| Tempur International \| Bedding sales
Segment information [Abstract]
Net sales									461.1	470.0	445.1
Operating Segments \| Tempur International \| Other sales
Segment information [Abstract]
Net sales									116.3	110.6	113.7
Corporate
Segment information [Abstract]
Total assets	627.3				658.7					627.3	658.7
Total property, plant and equipment, net	72.8				69.9					72.8	69.9
Net sales									0.0	0.0	0.0
Inter-segment sales									0.0	0.0	0.0
Gross profit									0.0	0.0	0.0
Inter-segment royalty expense (income)									0.0	0.0	0.0
Operating income (loss)									(125.4)	(89.7)	(99.0)
Income (loss) before income taxes									(197.5)	(165.1)	(217.5)
Depreciation and amortization									34.6	28.5	30.2
Capital expenditures									22.2	17.7	14.3
Corporate \| Bedding sales
Segment information [Abstract]
Net sales									0.0	0.0	0.0
Corporate \| Other sales
Segment information [Abstract]
Net sales									0.0	0.0	0.0
Inter-segment eliminations
Segment information [Abstract]
Total assets	$ (1,302.1)				$ (1,110.1)					(1,302.1)	(1,110.1)
Net sales									0.0	0.0	0.0
Inter-segment sales									(6.6)	(4.7)	(4.9)
Gross profit									0.0	0.0	0.0
Inter-segment royalty expense (income)									0.0	0.0	0.0
Operating income (loss)									0.0	0.0	0.0
Income (loss) before income taxes									0.0	0.0	0.0
Depreciation and amortization									0.0	0.0	0.0
Capital expenditures									0.0	0.0	0.0
Inter-segment eliminations \| Bedding sales
Segment information [Abstract]
Net sales									0.0	0.0	0.0
Inter-segment eliminations \| Other sales
Segment information [Abstract]
Net sales									$ 0.0	$ 0.0	$ 0.0
Customer Concentration Risk \| Sales Revenue
Segment Reporting Information [Line Items]
Concentration risk, percentage											21.40%	23.70%

Quarterly Financial Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended										12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Examination [Line Items]
Net sales	$ 648.2	$ 724.8	$ 659.3	$ 722.1	$ 771.1	$ 832.4	$ 804.4	$ 721.0	$ 3,154.6		$ 2,754.4	$ 3,128.9	$ 3,154.6
Gross profit	273.3	312.2	268.6	286.6	317.5	362.1	336.9	291.0	1,249.2		1,140.7	1,307.5	1,249.2
Operating income	77.7	94.6	56.6	59.5	102.4	131.1	100.2	76.7	306.5		288.4	410.4	306.5
Net income	$ 48.4	$ 44.6	$ 24.5	$ 33.9	$ 51.9	$ 77.8	$ 21.3	$ 39.6	$ 64.5		$ 151.4	$ 190.6	$ 64.5
Basic earnings per common share (in dollars per share)	$ 0.89	$ 0.83	$ 0.45	$ 0.63	$ 0.93	$ 1.34	$ 0.35	$ 0.64	$ 1.05		$ 2.80	$ 3.23	$ 1.05
Diluted earnings per common share (in dollars per share)	$ 0.88	$ 0.81	$ 0.45	$ 0.62	$ 0.92	$ 1.32	$ 0.35	$ 0.63	$ 1.03		$ 2.77	$ 3.19	$ 1.03
Loss on extinguishment of debt							$ 47.2		$ 0.0		$ 0.0	$ 47.2	$ 0.0
Other nonrecurring income										$ 9.5
Danish Tax Authority
Income Tax Examination [Line Items]
Increase in uncertain tax liability									$ 60.7
Mattress Firm
Income Tax Examination [Line Items]
Restructuring charges				$ 25.9
Latin America
Income Tax Examination [Line Items]
Interest and other costs	$ 14.0	$ 11.7			$ 11.5

Guarantor/Non-Guarantor Financial Information - Schedule of Supplemental Condensed Consolidating Statements of Income and Comprehensive Income (Details) - USD ($)	3 Months Ended									12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	May 24, 2016	Sep. 24, 2015
Supplemental condensed consolidating statements of operations
Net sales	$ 648,200,000	$ 724,800,000	$ 659,300,000	$ 722,100,000	$ 771,100,000	$ 832,400,000	$ 804,400,000	$ 721,000,000	$ 3,154,600,000	$ 2,754,400,000	$ 3,128,900,000	$ 3,154,600,000
Cost of sales									1,905,400,000	1,613,700,000	1,821,400,000	1,905,400,000
Gross profit	273,300,000	312,200,000	268,600,000	286,600,000	317,500,000	362,100,000	336,900,000	291,000,000	1,249,200,000	1,140,700,000	1,307,500,000	1,249,200,000
Selling and marketing expenses									648,000,000	601,300,000	648,500,000	648,000,000
General, administrative and other expenses									324,900,000	273,000,000	281,400,000	324,900,000
Customer termination charges, net										14,400,000	0	0
Equity income in earnings of unconsolidated affiliates									11,900,000	15,600,000	13,300,000	11,900,000
Royalty income, net of royalty expense									(18,300,000)	(20,800,000)	(19,500,000)	(18,300,000)
Operating (loss) income	77,700,000	94,600,000	56,600,000	59,500,000	102,400,000	131,100,000	100,200,000	76,700,000	306,500,000	288,400,000	410,400,000	306,500,000
Other expense, net:
Third party interest expense, net									102,500,000	108,000,000	91,600,000
Intercompany interest (income) expense, net									0	0	0
Interest expense, net									102,500,000	108,000,000	91,600,000	102,500,000
Loss on extinguishment of debt							47,200,000		0	0	47,200,000	0
Other (income) expense, net									12,900,000	(8,000,000)	(200,000)	12,900,000
Total other expense, net									115,400,000	100,000,000	138,600,000	115,400,000
Income from equity investees									0	0	0
Income before income taxes									191,100,000	188,400,000	271,800,000	191,100,000
Income tax benefit (provision)									(125,400,000)	(47,700,000)	(86,800,000)	(125,400,000)
Net income before non-controlling interests									65,700,000	140,700,000	185,000,000	65,700,000
Less: Net income attributable to non-controlling interests									1,200,000	(10,700,000)	(5,600,000)	1,200,000
Net income attributable to Tempur Sealy International, Inc.	48,400,000	$ 44,600,000	$ 24,500,000	$ 33,900,000	51,900,000	$ 77,800,000	$ 21,300,000	$ 39,600,000	64,500,000	151,400,000	190,600,000	64,500,000
Comprehensive income									18,800,000	179,400,000	183,500,000	$ 18,800,000
2023 Senior Notes
Guarantor/non-guarantor financial information
Senior notes, noncurrent	450,000,000.0				450,000,000					450,000,000.0	450,000,000			$ 450,000,000.0
2026 Senior Notes
Guarantor/non-guarantor financial information
Senior notes, noncurrent	600,000,000.0				600,000,000					600,000,000.0	600,000,000		$ 600,000,000.0
Other expense, net:
Loss on extinguishment of debt											5,900,000
Securitized debt
Guarantor/non-guarantor financial information
Senior notes, noncurrent	$ 375,000,000.0				$ 375,000,000					375,000,000.0	375,000,000
Other expense, net:
Loss on extinguishment of debt										23,600,000
Reportable Legal Entities \| Tempur Sealy International, Inc. (Ultimate Parent)
Supplemental condensed consolidating statements of operations
Net sales									0	0	0
Cost of sales									0	0	0
Gross profit									0	0	0
Selling and marketing expenses									4,100,000	5,600,000	2,900,000
General, administrative and other expenses									20,800,000	17,500,000	14,800,000
Customer termination charges, net										(8,400,000)
Equity income in earnings of unconsolidated affiliates									0	0	0
Royalty income, net of royalty expense									0	0	0
Operating (loss) income									(24,900,000)	(14,700,000)	(17,700,000)
Other expense, net:
Third party interest expense, net									27,200,000	59,600,000	66,000,000
Intercompany interest (income) expense, net									32,900,000	(4,700,000)	(4,100,000)
Interest expense, net									60,100,000	54,900,000	61,900,000
Loss on extinguishment of debt											34,300,000
Other (income) expense, net									0	0	0
Total other expense, net									60,100,000	54,900,000	96,200,000
Income from equity investees									123,900,000	193,100,000	260,100,000
Income before income taxes									38,900,000	123,500,000	146,200,000
Income tax benefit (provision)									26,800,000	17,200,000	38,800,000
Net income before non-controlling interests									65,700,000	140,700,000	185,000,000
Less: Net income attributable to non-controlling interests									1,200,000	(10,700,000)	(5,600,000)
Net income attributable to Tempur Sealy International, Inc.									64,500,000	151,400,000	190,600,000
Comprehensive income									18,800,000	179,400,000	183,500,000
Reportable Legal Entities \| Combined Guarantor Subsidiaries
Supplemental condensed consolidating statements of operations
Net sales									2,422,900,000	1,961,200,000	2,355,900,000
Cost of sales									1,532,600,000	1,185,400,000	1,409,400,000
Gross profit									890,300,000	775,800,000	946,500,000
Selling and marketing expenses									460,100,000	406,800,000	458,600,000
General, administrative and other expenses									232,600,000	176,600,000	186,800,000
Customer termination charges, net										21,700,000
Equity income in earnings of unconsolidated affiliates									0	0	0
Royalty income, net of royalty expense									(18,300,000)	(20,800,000)	(19,500,000)
Operating (loss) income									215,900,000	191,500,000	320,600,000
Other expense, net:
Third party interest expense, net									66,200,000	26,000,000	15,400,000
Intercompany interest (income) expense, net									(35,500,000)	8,300,000	(100,000)
Interest expense, net									30,700,000	34,300,000	15,300,000
Loss on extinguishment of debt											12,900,000
Other (income) expense, net									(8,100,000)	(17,200,000)	(1,400,000)
Total other expense, net									22,600,000	17,100,000	26,800,000
Income from equity investees									55,700,000	51,300,000	65,300,000
Income before income taxes									249,000,000	225,700,000	359,100,000
Income tax benefit (provision)									(125,100,000)	(32,600,000)	(99,000,000)
Net income before non-controlling interests									123,900,000	193,100,000	260,100,000
Less: Net income attributable to non-controlling interests									1,200,000	(5,200,000)	0
Net income attributable to Tempur Sealy International, Inc.									122,700,000	198,300,000	260,100,000
Comprehensive income									121,900,000	193,000,000	260,400,000
Reportable Legal Entities \| Combined Non-Guarantor Subsidiaries
Supplemental condensed consolidating statements of operations
Net sales									782,400,000	862,500,000	837,600,000
Cost of sales									423,500,000	497,600,000	476,600,000
Gross profit									358,900,000	364,900,000	361,000,000
Selling and marketing expenses									183,800,000	188,900,000	187,000,000
General, administrative and other expenses									71,500,000	78,900,000	79,800,000
Customer termination charges, net										1,100,000
Equity income in earnings of unconsolidated affiliates									11,900,000	15,600,000	13,300,000
Royalty income, net of royalty expense									0	0	0
Operating (loss) income									115,500,000	111,600,000	107,500,000
Other expense, net:
Third party interest expense, net									9,100,000	22,400,000	10,200,000
Intercompany interest (income) expense, net									2,600,000	(3,600,000)	4,200,000
Interest expense, net									11,700,000	18,800,000	14,400,000
Loss on extinguishment of debt											0
Other (income) expense, net									21,000,000	9,200,000	1,200,000
Total other expense, net									32,700,000	28,000,000	15,600,000
Income from equity investees									0	0	0
Income before income taxes									82,800,000	83,600,000	91,900,000
Income tax benefit (provision)									(27,100,000)	(32,300,000)	(26,600,000)
Net income before non-controlling interests									55,700,000	51,300,000	65,300,000
Less: Net income attributable to non-controlling interests									0	(5,500,000)	(5,600,000)
Net income attributable to Tempur Sealy International, Inc.									55,700,000	56,800,000	70,900,000
Comprehensive income									(2,400,000)	89,900,000	63,500,000
Eliminations
Supplemental condensed consolidating statements of operations
Net sales									(50,700,000)	(69,300,000)	(64,600,000)
Cost of sales									(50,700,000)	(69,300,000)	(64,600,000)
Gross profit									0	0	0
Selling and marketing expenses									0	0	0
General, administrative and other expenses									0	0	0
Customer termination charges, net										0
Equity income in earnings of unconsolidated affiliates									0	0	0
Royalty income, net of royalty expense									0	0	0
Operating (loss) income									0	0	0
Other expense, net:
Third party interest expense, net									0	0	0
Intercompany interest (income) expense, net									0	0	0
Interest expense, net									0	0	0
Loss on extinguishment of debt											0
Other (income) expense, net									0	0	0
Total other expense, net									0	0	0
Income from equity investees									(179,600,000)	(244,400,000)	(325,400,000)
Income before income taxes									(179,600,000)	(244,400,000)	(325,400,000)
Income tax benefit (provision)									0	0	0
Net income before non-controlling interests									(179,600,000)	(244,400,000)	(325,400,000)
Less: Net income attributable to non-controlling interests									(1,200,000)	10,700,000	5,600,000
Net income attributable to Tempur Sealy International, Inc.									(178,400,000)	(255,100,000)	(331,000,000)
Comprehensive income									$ (119,500,000)	$ (282,900,000)	$ (323,900,000)

Guarantor/Non-Guarantor Financial Information - Schedule of Supplemental Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 41.9	$ 65.7	$ 153.9	$ 62.5
Accounts receivable, net	317.7	341.6
Inventories	183.0	196.5
Income tax receivable	0.0	0.0
Prepaid expenses and other current assets	64.8	63.9
Total Current Assets	607.4	667.7
Property, plant and equipment, net	435.1	422.2
Goodwill	733.1	722.5	709.4
Other intangible assets, net	667.4	678.7
Deferred income taxes	23.6	22.5
Other non-current assets	227.4	185.2
Net investment in subsidiaries	0.0	0.0
Due from affiliates	0.0	0.0
Total Assets	2,694.0	2,698.8
Current Liabilities:
Accounts payable	241.2	235.0
Accrued expenses and other current liabilities	234.2	250.0
Income taxes payable	29.1	5.8
Current portion of long-term debt	72.4	70.3
Total Current Liabilities	576.9	561.1
Long-term debt, net	1,680.7	1,817.8
Deferred income taxes	114.3	174.6
Other non-current liabilities	207.4	179.6
Due to affiliates	0.0	0.0
Total Liabilities	2,579.3	2,733.1
Redeemable non-controlling interest	2.2	7.6
Total stockholders' equity (deficit), net of non-controlling interests in subsidiaries	112.5	(44.9)
Non-controlling interest in subsidiaries	0.0	3.0
Total Stockholders' Equity (Deficit)	112.5	(41.9)	267.8	180.6
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity (Deficit)	2,694.0	2,698.8
Reportable Legal Entities \| Tempur Sealy International, Inc. (Ultimate Parent)
Current Assets:
Cash and cash equivalents	0.1	0.0	0.0	0.4
Accounts receivable, net	0.0	0.0
Inventories	0.0	0.0
Income tax receivable	260.2	234.2
Prepaid expenses and other current assets	0.8	0.0
Total Current Assets	261.1	234.2
Property, plant and equipment, net	0.0	0.0
Goodwill	0.0	0.0
Other intangible assets, net	0.0	0.0
Deferred income taxes	11.8	20.6
Other non-current assets	0.0	0.0
Net investment in subsidiaries	2,381.0	2,171.3
Due from affiliates	87.2	168.4
Total Assets	2,741.1	2,594.5
Current Liabilities:
Accounts payable	0.0	0.1
Accrued expenses and other current liabilities	7.6	6.8
Income taxes payable	0.0	0.0
Current portion of long-term debt	0.0	0.0
Total Current Liabilities	7.6	6.9
Long-term debt, net	1,041.6	1,040.4
Deferred income taxes	0.0	0.0
Other non-current liabilities	0.0	0.0
Due to affiliates	1,577.2	1,581.5
Total Liabilities	2,626.4	2,628.8
Redeemable non-controlling interest	2.2	7.6
Total stockholders' equity (deficit), net of non-controlling interests in subsidiaries		(44.9)
Non-controlling interest in subsidiaries		3.0
Total Stockholders' Equity (Deficit)	112.5	(41.9)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity (Deficit)	2,741.1	2,594.5
Reportable Legal Entities \| Combined Guarantor Subsidiaries
Current Assets:
Cash and cash equivalents	12.3	7.9	119.7	23.4
Accounts receivable, net	5.1	197.7
Inventories	103.4	117.1
Income tax receivable	0.0	0.0
Prepaid expenses and other current assets	50.6	48.9
Total Current Assets	171.4	371.6
Property, plant and equipment, net	360.4	346.9
Goodwill	507.6	500.2
Other intangible assets, net	577.5	589.8
Deferred income taxes	0.0	0.0
Other non-current assets	47.2	41.7
Net investment in subsidiaries	127.7	48.1
Due from affiliates	1,975.9	1,868.1
Total Assets	3,767.7	3,766.4
Current Liabilities:
Accounts payable	174.6	157.0
Accrued expenses and other current liabilities	144.2	162.3
Income taxes payable	279.3	235.9
Current portion of long-term debt	35.7	34.4
Total Current Liabilities	633.8	589.6
Long-term debt, net	589.4	776.5
Deferred income taxes	107.8	174.9
Other non-current liabilities	55.2	53.6
Due to affiliates	0.5	0.5
Total Liabilities	1,386.7	1,595.1
Redeemable non-controlling interest	0.0	0.0
Total stockholders' equity (deficit), net of non-controlling interests in subsidiaries		2,171.3
Non-controlling interest in subsidiaries		0.0
Total Stockholders' Equity (Deficit)	2,381.0	2,171.3
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity (Deficit)	3,767.7	3,766.4
Reportable Legal Entities \| Combined Non-Guarantor Subsidiaries
Current Assets:
Cash and cash equivalents	29.5	57.8	34.2	38.7
Accounts receivable, net	322.2	143.9
Inventories	79.6	79.4
Income tax receivable	0.0	0.0
Prepaid expenses and other current assets	13.4	15.0
Total Current Assets	444.7	296.1
Property, plant and equipment, net	74.7	75.3
Goodwill	225.5	222.3
Other intangible assets, net	89.9	88.9
Deferred income taxes	23.6	22.5
Other non-current assets	180.2	143.5
Net investment in subsidiaries	0.0	0.0
Due from affiliates	15.6	14.4
Total Assets	1,054.2	863.0
Current Liabilities:
Accounts payable	76.2	77.9
Accrued expenses and other current liabilities	82.4	80.9
Income taxes payable	10.0	4.1
Current portion of long-term debt	36.7	35.9
Total Current Liabilities	205.3	198.8
Long-term debt, net	49.7	0.9
Deferred income taxes	18.3	20.3
Other non-current liabilities	152.2	126.0
Due to affiliates	501.0	468.9
Total Liabilities	926.5	814.9
Redeemable non-controlling interest	2.2	7.6
Total stockholders' equity (deficit), net of non-controlling interests in subsidiaries		37.5
Non-controlling interest in subsidiaries		3.0
Total Stockholders' Equity (Deficit)	125.5	40.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity (Deficit)	1,054.2	863.0
Eliminations
Current Assets:
Cash and cash equivalents	0.0	0.0	$ 0.0	$ 0.0
Accounts receivable, net	(9.6)	0.0
Inventories	0.0	0.0
Income tax receivable	(260.2)	(234.2)
Prepaid expenses and other current assets	0.0	0.0
Total Current Assets	(269.8)	(234.2)
Property, plant and equipment, net	0.0	0.0
Goodwill	0.0	0.0
Other intangible assets, net	0.0	0.0
Deferred income taxes	(11.8)	(20.6)
Other non-current assets	0.0	0.0
Net investment in subsidiaries	(2,508.7)	(2,219.4)
Due from affiliates	(2,078.7)	(2,050.9)
Total Assets	(4,869.0)	(4,525.1)
Current Liabilities:
Accounts payable	(9.6)	0.0
Accrued expenses and other current liabilities	0.0	0.0
Income taxes payable	(260.2)	(234.2)
Current portion of long-term debt	0.0	0.0
Total Current Liabilities	(269.8)	(234.2)
Long-term debt, net	0.0	0.0
Deferred income taxes	(11.8)	(20.6)
Other non-current liabilities	0.0	0.0
Due to affiliates	(2,078.7)	(2,050.9)
Total Liabilities	(2,360.3)	(2,305.7)
Redeemable non-controlling interest	(2.2)	(7.6)
Total stockholders' equity (deficit), net of non-controlling interests in subsidiaries		(2,208.8)
Non-controlling interest in subsidiaries		(3.0)
Total Stockholders' Equity (Deficit)	(2,506.5)	(2,211.8)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity (Deficit)	$ (4,869.0)	$ (4,525.1)

Guarantor/Non-Guarantor Financial Information - Schedule of Supplemental Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Supplemental condensed consolidating statements of cash flows
Net cash (used in) provided by operating activities	$ 234.2	$ 222.9	$ 165.5
CASH FLOWS FROM INVESTING ACTIVITIES:
Contributions (paid to) received from subsidiaries and affiliates		0.0	0.0
Proceeds from disposition of business	7.2	0.0	0.0
Purchases of property, plant and equipment	(65.9)	(67.0)	(62.4)
Proceeds from sale of property, plant and equipment	0.0	4.9	0.2
Other	(1.0)	0.0	(0.2)
Net cash used in investing activities	(59.7)	(62.1)	(62.4)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	863.5	1,332.9	2,233.3
Repayments of borrowings under long-term debt obligations	(988.3)	(1,471.5)	(1,867.7)
Net activity in investment in and advances from (to) subsidiaries and affiliates	0.0	0.0	0.0
Proceeds from exercise of stock options	20.4	12.8	15.7
Excess tax benefit from stock-based compensation	21.8	0.0	7.0
Treasury stock repurchased	(1.3)	(44.9)	(535.0)
Payment of deferred financing costs	(8.0)	(0.5)	(6.9)
Proceeds from purchase of treasury shares by CEO	5.0	0.0	0.0
Fees paid to lenders	0.0	0.0	(7.8)
Call premium on 2020 Senior Notes	0.0	0.0	(23.6)
Other	(3.8)	(4.0)	(0.1)
Net cash used in financing activities	(90.7)	(175.2)	(185.1)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	7.6	(9.4)	(6.2)
(Decrease) increase in cash and cash equivalents	91.4	(23.8)	(88.2)
CASH AND CASH EQUIVALENTS, beginning of period		65.7	153.9
CASH AND CASH EQUIVALENTS, end of period	153.9	41.9	65.7
Reportable Legal Entities \| Tempur Sealy International, Inc. (Ultimate Parent)
Supplemental condensed consolidating statements of cash flows
Net cash (used in) provided by operating activities	(87.0)	(55.3)	(63.1)
CASH FLOWS FROM INVESTING ACTIVITIES:
Contributions (paid to) received from subsidiaries and affiliates		0.0	0.0
Proceeds from disposition of business	0.0
Purchases of property, plant and equipment	0.0	0.0	0.0
Proceeds from sale of property, plant and equipment		0.0	0.0
Other	0.0		0.0
Net cash used in investing activities	0.0	0.0	0.0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	450.0	0.0	600.0
Repayments of borrowings under long-term debt obligations	0.0	0.0	(375.0)
Net activity in investment in and advances from (to) subsidiaries and affiliates	(401.3)	87.5	383.1
Proceeds from exercise of stock options	20.4	12.8	15.7
Excess tax benefit from stock-based compensation	21.8		7.0
Treasury stock repurchased	(1.3)	(44.9)	(535.0)
Payment of deferred financing costs	(8.0)	0.0	(3.1)
Proceeds from purchase of treasury shares by CEO	5.0
Fees paid to lenders			(6.0)
Call premium on 2020 Senior Notes			(23.6)
Other	0.0	0.0	0.0
Net cash used in financing activities	86.6	55.4	63.1
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.0	0.0	0.0
(Decrease) increase in cash and cash equivalents	(0.4)	0.1	0.0
CASH AND CASH EQUIVALENTS, beginning of period		0.0	0.0
CASH AND CASH EQUIVALENTS, end of period	0.0	0.1	0.0
Reportable Legal Entities \| Combined Guarantor Subsidiaries
Supplemental condensed consolidating statements of cash flows
Net cash (used in) provided by operating activities	274.7	376.9	110.7
CASH FLOWS FROM INVESTING ACTIVITIES:
Contributions (paid to) received from subsidiaries and affiliates		(129.7)	(76.7)
Proceeds from disposition of business	7.2
Purchases of property, plant and equipment	(49.9)	(55.8)	(43.0)
Proceeds from sale of property, plant and equipment		0.8	0.1
Other	(0.7)		(0.1)
Net cash used in investing activities	(43.4)	(184.7)	(119.7)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	402.9	603.9	1,523.6
Repayments of borrowings under long-term debt obligations	(988.3)	(790.8)	(1,406.2)
Net activity in investment in and advances from (to) subsidiaries and affiliates	453.4	0.5	(212.5)
Proceeds from exercise of stock options	0.0	0.0	0.0
Excess tax benefit from stock-based compensation	0.0		0.0
Treasury stock repurchased	0.0	0.0	0.0
Payment of deferred financing costs	0.0	0.0	(3.8)
Proceeds from purchase of treasury shares by CEO	0.0
Fees paid to lenders			(1.8)
Call premium on 2020 Senior Notes			0.0
Other	(3.0)	(1.4)	(2.1)
Net cash used in financing activities	(135.0)	(187.8)	(102.8)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.0	0.0	0.0
(Decrease) increase in cash and cash equivalents	96.3	4.4	(111.8)
CASH AND CASH EQUIVALENTS, beginning of period		7.9	119.7
CASH AND CASH EQUIVALENTS, end of period	119.7	12.3	7.9
Reportable Legal Entities \| Combined Non-Guarantor Subsidiaries
Supplemental condensed consolidating statements of cash flows
Net cash (used in) provided by operating activities	46.5	(98.7)	117.9
CASH FLOWS FROM INVESTING ACTIVITIES:
Contributions (paid to) received from subsidiaries and affiliates		129.7	76.7
Proceeds from disposition of business	0.0
Purchases of property, plant and equipment	(16.0)	(11.2)	(19.4)
Proceeds from sale of property, plant and equipment		4.1	0.1
Other	(0.3)		(0.1)
Net cash used in investing activities	(16.3)	122.6	57.3
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	10.6	729.0	109.7
Repayments of borrowings under long-term debt obligations	0.0	(680.7)	(86.5)
Net activity in investment in and advances from (to) subsidiaries and affiliates	(52.1)	(88.0)	(170.6)
Proceeds from exercise of stock options	0.0	0.0	0.0
Excess tax benefit from stock-based compensation	0.0		0.0
Treasury stock repurchased	0.0	0.0	0.0
Payment of deferred financing costs	0.0	(0.5)	0.0
Proceeds from purchase of treasury shares by CEO	0.0
Fees paid to lenders			0.0
Call premium on 2020 Senior Notes			0.0
Other	(0.8)	(2.6)	2.0
Net cash used in financing activities	(42.3)	(42.8)	(145.4)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	7.6	(9.4)	(6.2)
(Decrease) increase in cash and cash equivalents	(4.5)	(28.3)	23.6
CASH AND CASH EQUIVALENTS, beginning of period		57.8	34.2
CASH AND CASH EQUIVALENTS, end of period	34.2	29.5	57.8
Eliminations
Supplemental condensed consolidating statements of cash flows
Net cash (used in) provided by operating activities	0.0	0.0	0.0
CASH FLOWS FROM INVESTING ACTIVITIES:
Contributions (paid to) received from subsidiaries and affiliates		0.0	0.0
Proceeds from disposition of business	0.0
Purchases of property, plant and equipment	0.0	0.0	0.0
Proceeds from sale of property, plant and equipment		0.0	0.0
Other	0.0		0.0
Net cash used in investing activities	0.0	0.0	0.0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings under long-term debt obligations	0.0	0.0	0.0
Repayments of borrowings under long-term debt obligations	0.0	0.0	0.0
Net activity in investment in and advances from (to) subsidiaries and affiliates	0.0	0.0	0.0
Proceeds from exercise of stock options	0.0	0.0	0.0
Excess tax benefit from stock-based compensation	0.0		0.0
Treasury stock repurchased	0.0	0.0	0.0
Payment of deferred financing costs	0.0	0.0	0.0
Proceeds from purchase of treasury shares by CEO	0.0
Fees paid to lenders			0.0
Call premium on 2020 Senior Notes			0.0
Other	0.0	0.0	0.0
Net cash used in financing activities	0.0	0.0	0.0
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.0	0.0	0.0
(Decrease) increase in cash and cash equivalents	0.0	0.0	0.0
CASH AND CASH EQUIVALENTS, beginning of period		0.0	0.0
CASH AND CASH EQUIVALENTS, end of period	$ 0.0	$ 0.0	$ 0.0

VALUATION AND QUALIFYING ACCOUNTS SCHEDULE II (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Allowance for Doubtful Accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 22.4	$ 23.3	$ 19.5
Additions - Charges to Costs and Expenses	10.4	4.6	6.9
Additions - Charged to Other Accounts	0.0	0.0	0.0
Deductions	(5.4)	(5.5)	(3.1)
Balance at End of Period	27.4	22.4	23.3
Valuation Allowance of Deferred Tax Assets
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	45.2	24.2	21.7
Additions - Charges to Costs and Expenses	9.9	20.2	4.6
Additions - Charged to Other Accounts	0.0	0.8	0.0
Deductions	0.0	0.0	(2.1)
Balance at End of Period	$ 55.1	$ 45.2	$ 24.2