Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	May 06, 2019
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 Trading Symbol	TPX
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		54,731,458
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Entity Emerging Growth Company	false
Entity Small Business	false

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 690.9	$ 637.4
Cost of sales	409.1	372.7
Gross profit	281.8	264.7
Selling and marketing expenses	153.5	145.4
General, administrative and other expenses	70.7	67.5
Equity income in earnings of unconsolidated affiliates	(2.9)	(3.9)
Operating (loss) income	60.5	55.7
Other expense, net:
Interest expense, net	22.4	22.7
Other income, net	(7.8)	(2.6)
Total other expense, net	14.6	20.1
Income from continuing operations before income taxes	45.9	35.6
Income tax provision	(16.9)	(10.0)
Income from continuing operations	29.0	25.6
Loss from discontinued operations, net of tax	(0.4)	(2.8)
Net income before non-controlling interest	28.6	22.8
Less: Net income (loss) attributable to non-controlling interest	0.2	(0.3)
Net income attributable to Tempur Sealy International, Inc.	$ 28.4	$ 23.1
Basic
Earnings per share for continuing operations (in dollars per share)	$ 0.53	$ 0.48
Loss per share for discontinued operations (in dollars per share)	(0.01)	(0.05)
Earnings per share (in dollars per share)	0.52	0.43
Diluted
Earnings per share for continuing operations (in dollars per share)	0.52	0.47
Loss per share for discontinued operations (in dollars per share)	(0.01)	(0.05)
Earnings per share (in dollars per share)	$ 0.51	$ 0.42
Weighted average common shares outstanding:
Basic (in shares)	54.7	54.3
Diluted (in shares)	55.7	54.9

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income before non-controlling interest	$ 28.6	$ 22.8
Other comprehensive income, net of tax
Foreign currency translation adjustments	4.0	5.0
Pension benefits loss, net of tax	0.0	(0.6)
Other comprehensive income, net of tax	4.0	4.4
Comprehensive income	32.6	27.2
Less: Comprehensive income (loss) attributable to non-controlling interest	0.2	(0.3)
Comprehensive income attributable to Tempur Sealy International, Inc.	$ 32.4	$ 27.5

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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-Section 45
-Paragraph 1A
-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
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-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 6: http://www.xbrl.org/2003/role/exampleRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=84234705&loc=SL4591552-111686

+ Details

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 39.6	$ 45.8
Accounts receivable, net	356.4	321.5
Inventories	239.7	222.3
Prepaid expenses and other current assets	217.3	215.8
Total Current Assets	853.0	805.4
Property, plant and equipment, net	418.5	420.8
Goodwill	725.5	723.0
Other intangible assets, net	646.9	649.3
Operating lease right-of-use assets	191.9	0.0
Deferred income taxes	21.9	22.6
Other non-current assets	108.0	94.3
Total Assets	2,965.7	2,715.4
Current Liabilities:
Accounts payable	245.7	253.0
Accrued expenses and other current liabilities	401.8	359.2
Current portion of long-term debt	55.5	47.1
Income taxes payable	22.5	9.7
Total Current Liabilities	725.5	669.0
Long-term debt, net	1,604.1	1,599.1
Long-term operating lease obligations	157.2	0.0
Deferred income taxes	115.5	117.5
Other non-current liabilities	109.9	112.3
Total Liabilities	2,712.2	2,497.9
Commitments and contingencies
Total Stockholders' Equity	253.5	217.5
Total Liabilities and Stockholders' Equity	$ 2,965.7	$ 2,715.4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY Statement - USD ($) shares in Millions, $ in Millions	Total	Non-controlling Interest	Common Stock	Treasury Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Balance at beginning of period at Dec. 31, 2017	$ 2.2
Increase (Decrease) in Temporary Equity [Roll Forward]
Net loss attributable to non-controlling interest	(0.3)
Balance at end of period at Mar. 31, 2018	1.9
Balance at beginning of period (in shares) at Dec. 31, 2017			99.2	45.0
Balance at beginning of period at Dec. 31, 2017	112.5	$ 0.0	$ 1.0	$ (1,737.2)	$ 508.0	$ 1,416.2	$ (75.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23.1					23.1
Net loss attributable to non-controlling interest	0.0
Adjustment to pension liability, net of tax	(0.1)						(0.1)
Foreign currency adjustments	5.0						5.0
Exercise of stock options (in shares)				0.0
Exercise of stock options	1.9			$ 0.6	1.3
Issuances of PRSUs, RSUs, and DSUs (in shares)				(0.1)
Issuances of PRSUs, RSUs, and DSUs	0.0			$ 2.0	(2.0)
Treasury stock repurchased - PRSU/RSU/DSU releases (in shares)				0.1
Treasury stock repurchased - PRSU/RSU/DSU releases	(2.9)			$ (2.9)
Amortization of unearned stock-based compensation	6.3				6.3
Balance at ending of period (in shares) at Mar. 31, 2018			99.2	45.0
Balance at end of period at Mar. 31, 2018	142.4	0.0	$ 1.0	$ (1,737.5)	513.6	1,436.4	(71.1)
Balance at beginning of period at Dec. 31, 2018	0.0
Balance at end of period at Mar. 31, 2019	0.0
Balance at beginning of period (in shares) at Dec. 31, 2018			99.2	44.7
Balance at beginning of period at Dec. 31, 2018	217.5	2.9	$ 1.0	$ (1,737.0)	532.1	1,513.8	(95.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	28.4					28.4
Net loss attributable to non-controlling interest	0.2	0.2
Repurchase of interest in subsidiary	(1.9)	(1.9)
Foreign currency adjustments	4.0						4.0
Exercise of stock options (in shares)				0.1
Exercise of stock options	2.4			$ 0.8	1.6
Issuances of PRSUs, RSUs, and DSUs (in shares)				0.2
Issuances of PRSUs, RSUs, and DSUs	0.0			$ 3.2	(3.2)
Treasury stock repurchased	(0.8)			$ (0.8)
Treasury stock repurchased - PRSU/RSU/DSU releases (in shares)				0.1
Treasury stock repurchased - PRSU/RSU/DSU releases	(2.9)			$ (2.9)
Amortization of unearned stock-based compensation	6.6				6.6
Balance at ending of period (in shares) at Mar. 31, 2019			99.2	44.5
Balance at end of period at Mar. 31, 2019	$ 253.5	$ 1.2	$ 1.0	$ (1,736.7)	$ 537.1	$ 1,542.2	$ (91.3)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:
Net income before non-controlling interest	$ 28.6	$ 22.8
Loss from discontinued operations, net of tax	0.4	2.8
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	21.5	20.8
Amortization of stock-based compensation	6.6	6.3
Non-cash lease expense	0.8	0.0
Amortization of deferred financing costs	0.6	0.6
Bad debt expense	1.6	1.3
Deferred income taxes	(1.8)	0.1
Dividends received from unconsolidated affiliates	1.3	1.6
Equity income in earnings of unconsolidated affiliates	(2.9)	(3.9)
Loss on disposal of assets	0.2	0.2
Foreign currency adjustments and other	(6.7)	(3.9)
Changes in operating assets and liabilities	(45.6)	(47.8)
Net cash provided by operating activities from continuing operations	4.6	0.9
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:
Purchases of property, plant and equipment	(19.1)	(21.8)
Debtor-in-possession financing arrangement	(9.5)	0.0
Other	8.3	4.2
Net cash used in investing activities from continuing operations	(20.3)	(17.6)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:
Proceeds from borrowings under long-term debt obligations	212.6	417.1
Repayments of borrowings under long-term debt obligations	(198.7)	(394.8)
Proceeds from exercise of stock options	2.4	1.9
Treasury stock repurchased	(3.7)	(2.9)
Other	(1.6)	(1.8)
Net cash provided by financing activities from continuing operations	11.0	19.5
Net cash (used in) provided by continuing operations	(4.7)	2.8
CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows	(0.7)	(10.6)
Investing cash flows	0.0	0.0
Financing cash flows	0.0	0.0
Net cash used in discontinued operations	(0.7)	(10.6)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(0.8)	0.4
Decrease in cash and cash equivalents	(6.2)	(7.4)
CASH AND CASH EQUIVALENTS, beginning of period	45.8	41.9
CASH AND CASH EQUIVALENTS, end of period	39.6	34.5
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS	0.0	(1.1)
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS	39.6	33.4
Cash paid during the period for:
Interest	8.1	7.7
Income taxes, net of refunds	$ 7.6	$ 9.4

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

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

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

The Company has ownership interests in a group of Asia-Pacific joint ventures to develop markets for Sealy® branded products in those regions. The Company’s ownership interest in these joint ventures is 50.0%. The equity method of accounting is used for these joint ventures, over which the Company has significant influence but does not have control, and consolidation is not otherwise required. The Company's carrying value in its equity method investments of $22.3 million and $22.5 million at March 31, 2019 and December 31, 2018, respectively, is recorded in other non-current assets within the accompanying Condensed Consolidated Balance Sheets. The Company’s equity in the net income and losses of these investments is recorded as equity income in earnings of unconsolidated affiliates in the accompanying Condensed Consolidated Statements of Income.

The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X and include all of the information and disclosures required by generally accepted accounting principles in the United States ("GAAP") for interim financial reporting. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements of the Company and related footnotes for the year ended December 31, 2018, included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 22, 2019.

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

(b) Adoption of New Accounting Standards.

Leases. Effective January 1, 2019, the Company adopted Accounting Standards Codification 842, Leases ("ASC 842"). ASC 842 consists of a comprehensive lease accounting standard requiring most leases to be recognized on the Condensed Consolidated Balance Sheet and significant new disclosures. The Company determines if an arrangement contains a lease at inception based on whether or not the Company has the right to control the asset during the contract period and other facts and circumstances. The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed it to carry forward the historical lease classification.

Operating lease right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease, both of which are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. Leases with a lease term of 12 months or less at inception are not recorded within the Condensed Consolidated Balance Sheet and are expensed on a straight-line basis over the lease term within the Condensed Consolidated Statement of Income. The lease term is determined by assuming the exercise of renewal options that are reasonably certain. As most leases do not provide an implicit interest rate, the Company used its incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. When contracts contain lease and non-lease components, the Company generally accounted for both components as a single lease component.

The adoption of ASC 842 resulted in the recognition of right-of-use assets of $197.2 million and operating lease liabilities of $203.3 million as of January 1, 2019. The adoption of ASC 842 did not have a material impact on the Company's results of operations, cash flows or debt covenants. For additional information, see Note 8, "Leases" of the Condensed Consolidated Financial Statements.

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



	March 31,		December 31,
(in millions)	2019		2018
Finished goods	$	154.6	$	148.9
Work-in-process	12.0		11.8
Raw materials and supplies	73.1		61.6
	$	239.7	$	222.3

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

The Company had the following activity for sales returns from December 31, 2018 to March 31, 2019:



(in millions)
Balance as of December 31, 2018	$	34.3
Amounts accrued	24.6
Returns charged to accrual	(24.0		)
Balance as of March 31, 2019	$	34.9

As of March 31, 2019 and December 31, 2018, $22.7 million and $22.0 million of accrued sales returns are included as a component of accrued expenses and other current liabilities and $12.2 million and $12.3 million, of accrued sales returns are included in other non-current liabilities on the Company’s accompanying Condensed Consolidated Balance Sheets, respectively.

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

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

The Company had the following activity for its accrued warranty expense from December 31, 2018 to March 31, 2019:



(in millions)
Balance as of December 31, 2018	$	36.4
Amounts accrued	7.9
Warranties charged to accrual	(7.2		)
Balance as of March 31, 2019	$	37.1

As of March 31, 2019 and December 31, 2018, $15.1 million and $14.9 million of accrued warranty expense is included as a component of accrued expenses and other current liabilities and $22.0 million and $21.5 million of accrued warranty expense is included in other non-current liabilities in the Company’s accompanying Condensed Consolidated Balance Sheets, respectively.

(f) Allowance for Doubtful Accounts. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s accounts receivable. The Company regularly reviews the adequacy of its allowance for doubtful accounts. The Company determines the allowance based on historical write-off experience and current economic conditions and also considers factors such as customer credit, past transaction history with the customer and changes in customer payment terms when determining whether the collection of a customer receivable is reasonably assured. Account balances are charged off against the allowance after all reasonable means of collection have been exhausted and the potential for recovery is considered remote. The allowance for doubtful accounts included in accounts receivable, net in the accompanying Condensed Consolidated Balance Sheets was $49.5 million and $47.6 million as of March 31, 2019 and December 31, 2018, respectively.

Recently Issued Accounting Pronouncements	3 Months Ended
Recently Issued Accounting Pronouncements	Mar. 31, 2019
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Credit Losses In June 2016, the FASB issued ("ASU") No. 2016-13, Financial Instruments - Credit Losses (Topic 326), which requires entities to estimate expected lifetime credit losses on financial assets and provide expanded disclosures. This ASU is effective on January 1, 2020. In transition, entities are required to use a modified retrospective approach for the adoption of the new standard. The ASU replaces the incurred loss impairment methodology with one that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The Company is currently evaluating this ASU to determine the impact it will have on the Company's Condensed Consolidated Financial Statements.

Revenue Recognition

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Disaggregation of Revenue

The following table presents the Company's disaggregated revenue by channel, product and geographical region, including a reconciliation of disaggregated revenue by segment, for the three months ended March 31, 2019 and 2018:



	Three Months Ended March 31, 2019						Three Months Ended March 31, 2018
(in millions)	North America		International		Consolidated		North America		International		Consolidated
Channel
Wholesale	$	501.8	$	114.1	$	615.9	$	454.0	$	129.1	$	583.1
Direct	42.2		32.8		75.0		31.0		23.3		54.3
Net sales	$	544.0	$	146.9	$	690.9	$	485.0	$	152.4	$	637.4

	North America		International		Consolidated		North America		International		Consolidated
Product
Bedding products	$	514.4	$	115.4	$	629.8	$	452.3	$	123.7	$	576.0
Other products	29.6		31.5		61.1		32.7		28.7		61.4
Net sales	$	544.0	$	146.9	$	690.9	$	485.0	$	152.4	$	637.4

	North America		International		Consolidated		North America		International		Consolidated
Geographical region
United States	$	497.2	$	—	$	497.2	$	440.2	$	—	$	440.2
Canada	46.8		—		46.8		44.8		—		44.8
International	—		146.9		146.9		—		152.4		152.4
Net sales	$	544.0	$	146.9	$	690.9	$	485.0	$	152.4	$	637.4

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

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

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

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

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

Discontinued Operations

3 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

The Company presents the financial position and results of operations of certain businesses in the Latin American region as discontinued operations in the accompanying Condensed Consolidated Financial Statements. In 2018, the Company divested of the net assets of certain subsidiaries in the Latin American region.

Components of amounts reflected in the Condensed Consolidated Statements of Income related to discontinued operations are presented in the following table for each of the periods ended March 31.



	Three Months Ended
	March 31,
	2019			2018
Net sales	$	0.2		$	10.6
Cost of sales	0.2			7.4
Gross profit	—			3.2
Selling and marketing expenses	0.1			3.5
General, administrative and other expenses	0.6			1.5
Operating loss	(0.7		)	(1.8		)

Interest (income) expense, net and other	(0.3		)	1.0

Loss from discontinued operations before income taxes	(0.4		)	(2.8		)
Income tax provision	—			—
Net loss from discontinued operations, net of tax	$	(0.4	)	$	(2.8	)

Acquisitions	3 Months Ended
Acquisitions	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions Acquisition of Innovative Mattress Solutions, LLC Effective April 1, 2019, (the "Closing Date"), the Company acquired substantially all of the net assets of iMS through its affiliate Sleep Outfitters. iMS, a customer of the Company prior to the acquisition, filed a voluntary petition in the U.S. Bankruptcy Court for the Eastern District of Kentucky (the “Bankruptcy Court”) on January 11, 2019, seeking relief under Chapter 11 of the U.S. Bankruptcy Code (the “iMS Chapter 11 Proceedings”). With approval from the Bankruptcy Court, the Company through its affiliates provided debtor-in-possession financing (the “DIP Financing”) to iMS in connection with the iMS Chapter 11 Proceedings, and then submitted a stalking horse bid to purchase substantially all of the assets of iMS. The purchase price was approximately $24 million and consisted of (i) a credit bid of amounts outstanding as of the Closing Date under the DIP Financing including rolled up pre-petition obligations; (ii) assumption of certain liabilities of iMS; and (iii) a cash payment consisting of, among other things, contract assumption cure costs. The purchase price was subject to adjustment based on certain events occurring up to, including and after the Closing Date. The Company will account for this transaction as a business combination. The Company is in the process of determining the allocation of the purchase price to the assets acquired and liabilities assumed, which include inventory, receivables, leases, intellectual property, contractual rights, personal property, accounts payable, accrued liabilities and the amounts owed under the DIP Financing to the Company. Any excess of the purchase price over the fair value of the net assets acquired will be recorded as goodwill, which is deductible for income tax purposes.

Debt

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Debt

Debt for the Company consists of the following:



	March 31, 2019			December 31, 2018
(in millions, except percentages)	Amount		Rate	Amount		Rate	Maturity Date
2016 Credit Agreement
Term A Facility	$	467.5	(1)	$	525.0	(2)	April 6, 2021
Revolver	—		(1)	—		(2)	April 6, 2021
2026 Senior Notes	600.0		5.500%	600.0		5.500%	June 15, 2026
2023 Senior Notes	450.0		5.625%	450.0		5.625%	October 15, 2023
Securitized debt	76.0		(3)	9.1		(3)	April 6, 2021
Financing/capital lease obligations ⁽⁴⁾	65.8			66.7			Various
Other	7.5			3.0			Various
Total debt	1,666.8			1,653.8
Less: deferred financing costs	7.2			7.6
Total debt, net	1,659.6			1,646.2
Less: current portion	55.5			47.1
Total long-term debt, net	$	1,604.1		$	1,599.1



(1)	Interest at LIBOR plus applicable margin of 1.75% as of March 31, 2019.
(2)	Interest at LIBOR plus applicable margin of 2.00% as of December 31, 2018.
(3)	Interest at one month LIBOR index plus 80 basis points.
(4)	Financing/capital lease obligations are a non-cash financing activity.

2016 Credit Agreement

On April 6, 2016, the Company entered into the 2016 Credit Agreement with a syndicate of banks. The 2016 Credit Agreement requires compliance with certain financial covenants providing for maintenance of a minimum consolidated interest coverage ratio, maintenance of a maximum consolidated total net leverage ratio, and maintenance of a maximum consolidated secured net leverage ratio. The consolidated total net leverage ratio is calculated using consolidated funded debt less qualified cash. Consolidated funded debt includes debt recorded in the Condensed Consolidated Balance Sheets as of the reporting date, plus letters of credit outstanding and other short-term debt. The Company is allowed to subtract from consolidated funded debt an amount equal to 100.0% of domestic qualified cash and 60.0% of foreign qualified cash, the aggregate of which cannot exceed $150.0 million at the end of the reporting period. As of March 31, 2019, domestic qualified cash was $19.4 million and foreign qualified cash was $10.4 million. During the three months ended March 31, 2019, the Company prepaid $50.0 million on the Term A Facility.

The Company was in compliance with all applicable covenants as of March 31, 2019.

Securitized Debt

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

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

On April 5, 2019, the Company and its subsidiaries entered into a new amendment to the Accounts Receivable Securitization. The amendment, among other things, extended the maturity date of the Accounts Receivable Securitization to April 6, 2021.

Fair Value of Financial Instruments

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



	Fair Value
(in millions)	March 31, 2019		December 31, 2018
2023 Senior Notes	$	457.9	$	435.6
2026 Senior Notes	600.3		549.3

Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Leases

ASC 842 Summary

The Company leases retail stores, manufacturing and distribution facilities, office space and equipment under operating lease agreements. Most leases include one or more options to renew, with renewal terms that can extend the lease term from one to several years, with the longest renewal period extending through 2043. The exercise of lease renewal options are at the Company's sole discretion. Certain leases also include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.

The following table summarizes the classification of operating and finance lease assets and obligations in the Company's Condensed Consolidated Balance Sheet as of March 31, 2019:



(in millions)		March 31, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	191.9
Finance lease assets	Property, plant and equipment, net	57.2
Total leased assets		$	249.1

Liabilities
Short-term:
Operating lease obligations	Accrued expenses and other current liabilities	$	40.7
Finance lease obligations	Current portion of long-term debt	6.8
Long-term:
Operating lease obligations	Long-term operating lease obligations	157.2
Finance lease obligations	Long-term debt, net	59.0
Total lease obligations		$	263.7

The following table summarizes the classification of lease expense in the Company's Condensed Consolidated Statement of Income for the three months ended March 31, 2019:



	Three Months Ended
(in millions)	March 31, 2019
Operating lease expense ⁽¹⁾	$	19.1
Finance lease expense:
Amortization of right-of-use assets	1.9
Interest on lease obligations	1.2
Total lease expense	$	22.2



(1)	Includes short-term leases and variable lease expenses, which are immaterial.

The following table sets forth the scheduled maturities of lease obligations as of March 31, 2019:



(in millions)	Operating Leases		Finance Leases		Total
Year Ended December 31,
2019 (excluding the three months ended March 31, 2019)	$	47.7	$	8.6	$	56.3
2020	55.1		11.2		66.3
2021	48.0		10.9		58.9
2022	39.4		9.0		48.4
2023	31.0		7.5		38.5
Thereafter	105.3		43.2		148.5
Total lease payments	326.5		90.4		416.9
Less: Interest	128.6		24.6		153.2
Present value of lease obligations	$	197.9	$	65.8	$	263.7

The following table provides lease term and discount rate information related to operating and finance leases as of March 31, 2019:



	March 31, 2019
Weighted average remaining lease term (years):
Operating leases	6.1
Finance leases	9.9

Weighted average discount rate:
Operating leases	5.67	%
Finance leases	6.37	%

The following table provides supplemental information related to the Company's Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2019:



	Three Months Ended
(in millions)	March 31, 2019
Cash paid for amounts included in the measurement of lease obligations:
Operating cash flows paid for operating leases	$	13.4
Financing cash flows paid for finance leases	1.6

Right-of-use assets obtained in exchange for new operating lease obligations	$	5.4

Leases

ASC 842 Summary

The following table summarizes the classification of operating and finance lease assets and obligations in the Company's Condensed Consolidated Balance Sheet as of March 31, 2019:



(in millions)		March 31, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	191.9
Finance lease assets	Property, plant and equipment, net	57.2
Total leased assets		$	249.1

Liabilities
Short-term:
Operating lease obligations	Accrued expenses and other current liabilities	$	40.7
Finance lease obligations	Current portion of long-term debt	6.8
Long-term:
Operating lease obligations	Long-term operating lease obligations	157.2
Finance lease obligations	Long-term debt, net	59.0
Total lease obligations		$	263.7

The following table summarizes the classification of lease expense in the Company's Condensed Consolidated Statement of Income for the three months ended March 31, 2019:



	Three Months Ended
(in millions)	March 31, 2019
Operating lease expense ⁽¹⁾	$	19.1
Finance lease expense:
Amortization of right-of-use assets	1.9
Interest on lease obligations	1.2
Total lease expense	$	22.2



(1)	Includes short-term leases and variable lease expenses, which are immaterial.

The following table sets forth the scheduled maturities of lease obligations as of March 31, 2019:



(in millions)	Operating Leases		Finance Leases		Total
Year Ended December 31,
2019 (excluding the three months ended March 31, 2019)	$	47.7	$	8.6	$	56.3
2020	55.1		11.2		66.3
2021	48.0		10.9		58.9
2022	39.4		9.0		48.4
2023	31.0		7.5		38.5
Thereafter	105.3		43.2		148.5
Total lease payments	326.5		90.4		416.9
Less: Interest	128.6		24.6		153.2
Present value of lease obligations	$	197.9	$	65.8	$	263.7

The following table provides lease term and discount rate information related to operating and finance leases as of March 31, 2019:



	March 31, 2019
Weighted average remaining lease term (years):
Operating leases	6.1
Finance leases	9.9

Weighted average discount rate:
Operating leases	5.67	%
Finance leases	6.37	%

The following table provides supplemental information related to the Company's Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2019:



	Three Months Ended
(in millions)	March 31, 2019
Cash paid for amounts included in the measurement of lease obligations:
Operating cash flows paid for operating leases	$	13.4
Financing cash flows paid for finance leases	1.6

Right-of-use assets obtained in exchange for new operating lease obligations	$	5.4

Stockholders' Equity

3 Months Ended

Mar. 31, 2019

Stockholders' Equity Note [Abstract]

Stockholders' Equity

(a) Common Stock. Tempur Sealy International has 300.0 million authorized shares of common stock with $0.01 per share par value and 0.01 million authorized shares of preferred stock with $0.01 per share par value. The holders of 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 Company's Board of Directors (the "Board") out of funds legally available for that purpose. In the event of liquidation, dissolution or winding up, 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 is authorized, subject to any limitations prescribed by law, without further vote or action by the stockholders, to issue from time to time shares of preferred stock in one or more series. Each such series of preferred stock will have such number of shares, designations, preferences, voting powers, qualifications, and special or relative rights or privileges as determined by the Board, which may include, among others, dividend rights, voting rights, redemption and sinking fund provisions, liquidation preferences, conversion rights and preemptive rights.

(b) Treasury Stock. As of March 31, 2019, the Company had approximately $226.1 million remaining under the existing share repurchase authorization for repurchases of Tempur Sealy International's common stock. The Company repurchased 15,731 shares for approximately $0.8 million during the three months ended March 31, 2019. The Company did not repurchase any shares during the three months ended March 31, 2018.

In addition, the Company acquired 0.1 million shares upon the vesting of certain restricted stock units ("RSUs"), which were withheld to satisfy tax withholding obligations during each of the three months ended March 31, 2019 and 2018. The shares withheld were valued at the closing price of the stock on the New York Stock Exchange on the vesting date or first business day thereafter, resulting in approximately $2.9 million in treasury stock acquired during each of the three months ended March 31, 2019 and 2018.



	Three Months Ended
	March 31,
(in millions)	2019			2018
Foreign Currency Translation
Balance at beginning of period	$	(91.7	)	$	(72.8	)
Other comprehensive loss:
Foreign currency translation adjustments ⁽¹⁾	4.0			5.0
Balance at end of period	$	(87.7	)	$	(67.8	)

Pensions
Balance at beginning of period	$	(3.6	)	$	(2.7	)
Other comprehensive loss:
Net change from period revaluations, net of tax	—			—
Tax expense ⁽²⁾	—			—
Total other comprehensive income before reclassifications, net of tax	$	—		$	—
Net amount reclassified to earnings ⁽¹⁾	—			—
U.S. tax reform - reclassification to retained earnings upon adoption of ASU No. 2018-02	—			(0.5		)
Tax benefit ⁽²⁾	—			(0.1		)
Total amount reclassified from accumulated other comprehensive loss, net of tax	$	—		$	(0.6	)
Total other comprehensive loss	—			(0.6		)
Balance at end of period	$	(3.6	)	$	(3.3	)



(1)	In 2019 and 2018, there were no tax impacts related to foreign currency translation adjustments and no amounts were reclassified to earnings.
(2)	These amounts were included in the income tax provision in the accompanying Condensed Consolidated Statements of Income.

Stock-Based Compensation

3 Months Ended

Mar. 31, 2019

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

Stock-Based Compensation

The Company’s stock-based compensation expense for the three months ended March 31, 2019 and 2018 included performance restricted stock units ("PRSUs"), non-qualified stock options, RSUs and deferred stock units ("DSUs"). A summary of the Company’s stock-based compensation expense is presented in the following table:



	Three Months Ended March 31,
(in millions)	2019		2018
PRSU expense	$	0.3	$	0.8
Option expense	1.2		1.9
RSU/DSU expense	5.1		3.6
Total stock-based compensation expense	$	6.6	$	6.3

The Company grants PRSUs to executive officers and certain members of management. Actual payout under the PRSUs is dependent upon the achievement of certain financial goals.

In March 2019, the Compensation Committee of the Board formally determined that the Company did not meet the performance metric of $650.0 million of adjusted earnings before interest, tax, depreciation and amortization ("Adjusted EBITDA") for payout under the PRSUs granted in 2017 (the "2017 Aspirational Plan PRSUs"). As a result, the remaining one-third of the 2017 Aspirational Plan PRSUs previously granted with a performance period for 2018 were forfeited as of this date.

At March 31, 2019, the Company had 1.6 million PRSUs outstanding (the "2019 Aspirational Plan PRSUs") that will vest if the Company achieves a certain level of Adjusted EBITDA during four consecutive fiscal quarters as described below. The 2019 Aspirational Plan PRSUs will vest based on the highest Adjusted EBITDA for any four consecutive fiscal quarter period ending between (and including) March 31, 2018 and December 31, 2019 (the "First Designated Period"). If the highest Adjusted EBITDA in the First Designated Period is $600.0 million, 66% will vest; if the highest Adjusted EBITDA equals or exceeds $650.0 million, then 100% will vest; if the highest Adjusted EBITDA is between $600.0 million and $650.0 million then a pro rata portion will vest; and if the highest Adjusted EBITDA is less than $600.0 million then one-half of the 2019 Aspirational Plan PRSUs will no longer be available for vesting based on performance and the remaining one-half will remain available for vesting based on the highest Adjusted EBITDA in any four consecutive fiscal quarter period ending between (and including) March 31, 2020 and December 31, 2020 (the "Second Designated Period"). If the highest Adjusted EBITDA in the Second Designated Period is $600.0 million then 66% of the remaining 2019 Aspirational Plan PRSUs will vest; if the Adjusted EBITDA is $650.0 million or more 100% will vest; if Adjusted EBITDA is between $600.0 million and $650.0 million then a pro rata portion will vest; and if Adjusted EBITDA is below $600.0 million then all of the remaining 2019 Aspirational Plan PRSUs will be forfeited. Adjusted EBITDA is defined for purposes of the 2019 Aspirational PRSUs as the Company’s "Consolidated EBITDA" as such term is defined in the 2016 Credit Agreement.

The Company did not record any stock-based compensation expense related to the 2019 Aspirational Plan PRSUs during the three months ended March 31, 2019, 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 $93.6 million, which would be expensed over the remaining service period if achievement of the performance condition becomes probable.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies (a) David Buehring, Individually and on Behalf of All Others Similarly Situated v. Tempur Sealy International, Inc., Scott L. Thompson, and Barry A. Hytinen, filed March 24, 2017. On March 24, 2017, a suit was filed against Tempur Sealy International, Inc., and two of its officers in the U.S. District Court for the Southern District of New York, purportedly on behalf of a proposed class of stockholders who purchased Tempur Sealy common stock between July 28, 2016 and January 27, 2017. The complaint alleges that the Company made materially false and misleading statements regarding its then existing and future financial prospects, including those with one of its retailers, Mattress Firm, allegedly in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. A Motion to Dismiss the case was filed by the Company on October 5, 2017. On March 26, 2019, the Company's Motion to Dismiss was granted in its entirety and is no longer subject to appeal. As such, this case is now closed. (b) Myla Gardner v. Scott L. Thompson, Barry A. Hytinen, Evelyn S. Dilsaver, John A. Heil, Jon L. Luther, Usman Nabi, Richard W. Neu, Robert B. Trussell, Jr. and Tempur Sealy International, Inc., filed July 10, 2017; Joseph L. Doherty v. Scott L. Thompson, Barry A. Hytinen, Evelyn S. Dilsaver, John A. Heil, Jon L. Luther, Usman Nabi, Richard W. Neu, Robert B. Trussell, Jr. and Tempur Sealy International, Inc., filed July 20, 2017; and Paul Onesti v. Scott L. Thompson, Barry A. Hytinen, Evelyn S. Dilsaver, John A. Heil, Jon L. Luther, Usman Nabi, Richard W. Neu, Robert B. Trussell, Jr. and Tempur Sealy International, Inc., filed July 21, 2017. During July 2017, three putative shareholder derivative suits were filed against the Company, each member of its Board and two of its officers. Each complaint alleges that the Board 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 has vigorously defended against the claims in each case. The Plaintiffs in each of the cases agreed to stay their respective actions until after a decision was rendered on the Motion to Dismiss in the Buehring action noted above. Now that the Motion to Dismiss in the Buehring case has been granted in its entirety and is no longer subject to appeal, we expect to resolve these matters during the coming months. We do not believe the outcome of this matter will have a material adverse impact on the Company. (c) Other. The Company is involved in various other legal and administrative proceedings incidental to the operations of its business. The Company believes that the outcome of all such other pending proceedings in the aggregate will not have a material adverse effect on its business, financial condition, liquidity, or operating results.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate for the three months ended March 31, 2019 and 2018 was 36.8% and 28.1%, respectively. The Company’s income tax rate for the three months ended March 31, 2019 and 2018 differed from the U.S. federal statutory rate of 21.0% principally due to subpart F income (i.e., GILTI earned by the Company’s foreign subsidiaries), certain foreign income tax rate differentials, state and local taxes, changes in the Company’s uncertain tax positions, the excess tax deficiency (or benefit) related to stock-based compensation and certain other permanent items. The Company has been involved in a dispute with the Danish Tax Authority ("SKAT") regarding the royalty paid by a U.S. subsidiary of Tempur Sealy International to a Danish subsidiary (the "Danish Tax Matter") for tax years 2001 through current. 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. During 2018, the Company reached agreements with both SKAT and the U.S. Internal Revenue Service ("IRS") (the "Settlement") with respect to the adjusted amount of royalties for tax years 2001 through 2011. The Company and SKAT are currently discussing the appropriate administrative process required to implement the Settlement as it relates to both tax and interest. During this process, the Company continues to maintain a liability on its balance sheet for tax and interest under the terms of the Settlement. At March 31, 2019 and December 31, 2018, the Danish liability related to the Settlement is DKK 847.3 million (approximately $127.3 million and $130.0 million using the applicable exchange rates at March 31, 2019 and December 31, 2018, respectively) and is included in accrued expenses and other current liabilities within the Company’s Condensed Consolidated Balance Sheet. The Company also continues to maintain an asset of DKK 962.3 million (approximately $144.5 million and $145.7 million using the applicable exchange rates at March 31, 2019 and December 31, 2018, respectively) held on deposit by SKAT for the satisfaction of the anticipated liability for both tax and interest once the administrative process is concluded. The deposit held by SKAT is included in "Prepaid expenses and other current assets" within the Company's Condensed Consolidated Balance Sheet. SKAT has issued preliminary income tax assessments for the years 2012 through 2017, asserting an increase in the royalty earned by the Danish subsidiary. The Company expects to continue to receive preliminary income tax assessments from SKAT for the tax years 2018 and forward, asserting the royalties paid by the U.S. to the Danish subsidiary were too low, which the Company has disputed and will continue to dispute. The Company entered into the Advance Pricing Agreement program (the "APA Program") for the tax years 2012 through 2022 (the "Post-2011 Years") in which the IRS, on the Company’s behalf, will negotiate directly with SKAT for a mutually agreeable royalty due from the U.S. subsidiary to the Danish Subsidiary (the "APA"). That APA is in the early stages of negotiations. Such negotiations are not expected to be concluded in the near term. The Company anticipates such negotiations will result in an increase in the amount of royalties due from the U.S subsidiary to the Danish subsidiary (the "Post-2011 Years Adjustment") for the years 2012 - 2018 as well as the three month period ended March 31, 2019 (the "2012 to Current Period"). It is expected that the Post-2011 Years Adjustment will result in additional income tax in Denmark and a reduction of tax in the United States for the 2012 to Current Period. Consequently, the Company maintains an uncertain income tax liability for its estimate of the potential Danish income tax liability and a deferred tax asset for the associated United States tax benefit for the Post-2011 Years Adjustment. As of March 31, 2019 and December 31, 2018, the Company had accrued Danish tax and interest for Post-2011 Years of approximately DKK 238.2 million and DKK 230.3 million ($35.8 million and $35.3 million using the applicable exchange rates at March 31, 2019 and December 31, 2018, respectively) as an uncertain income tax liability, which is included in other non-current liabilities on the Company's Condensed Consolidated Balance Sheet as of March 31, 2019 and December 31, 2018. The deferred tax asset for the U.S. correlative benefit associated with the accrual of Danish tax for the Post-2011 Years as of March 31, 2019 and December 31, 2018 is approximately $4.9 million and $4.2 million, respectively. The Company’s uncertain income tax position 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 income tax position and the deferred tax asset discussed herein reflects the Company’s best judgment of the facts, circumstances and information available through March 31, 2019. If the Company is not successful in resolving the Danish Tax Matter for the Post-2011 Years or there is a change in facts and circumstances, the Company may be required to further increase its uncertain income tax position associated with this matter, or decrease its deferred tax asset, also related to this matter, which could have a material impact on the Company's reported earnings. The amount of unrecognized tax benefits that would impact the effective tax rate if recognized at March 31, 2019 and December 31, 2018 would be $90.7 million and $91.4 million (exclusive of interest and penalties and translated at the applicable exchange rates, respectively. There were no other significant changes to the liability for unrecognized income tax benefits during the three months ended March 31, 2019, other than those items discussed herein. 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 income 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.

Earnings Per Common Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Common Share

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



	Three Months Ended
	March 31,
(in millions, except per common share amounts)	2019		2018
Numerator:
Income from continuing operations, net of loss attributable to non-controlling interest	$	28.8	$	25.9

Denominator:
Denominator for basic earnings per common share-weighted average shares	54.7		54.3
Effect of dilutive securities:
Employee stock-based compensation	1.0		0.6
Denominator for diluted earnings per common share-adjusted weighted average shares	55.7		54.9

Basic earnings per common share for continuing operations	$	0.53	$	0.48

Diluted earnings per common share for continuing operations	$	0.52	$	0.47

The Company excluded 1.2 million and 1.5 million shares issuable upon exercise of outstanding stock options for the three months ended March 31, 2019 and 2018, respectively, from the diluted earnings per common share computation because their exercise price was greater than the average market price of Tempur Sealy International’s common stock or they were otherwise anti-dilutive. Holders of non-vested stock-based compensation awards do not maintain voting rights or maintain rights to receive any dividends thereon.

Business Segment Information

3 Months Ended

Mar. 31, 2019

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 and licensees located in the U.S. and Canada. The International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. The Company evaluates segment performance based on net sales, gross profit and operating income.

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

The following table summarizes total assets by segment:



(in millions)	March 31, 2019			December 31, 2018
North America	$	3,015.1		$	2,788.1
International	632.9			604.8
Corporate	562.9			569.0
Inter-segment eliminations	(1,245.2		)	(1,246.5		)
Total assets	$	2,965.7		$	2,715.4

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



(in millions)	March 31, 2019		December 31, 2018
North America	$	316.3	$	317.5
International	50.1		51.1
Corporate	52.1		52.2
Total property, plant and equipment, net	$	418.5	$	420.8

The following table summarizes segment information for the three months ended March 31, 2019:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	544.0	$	146.9		$	—		$	—		$	690.9

Inter-segment sales	$	1.0	$	0.3		$	—		$	(1.3	)	$	—
Inter-segment royalty expense (income)	1.0		(1.0		)	—			—			—
Gross profit	204.4		77.4			—			—			281.8
Operating income (loss)	64.3		25.2			(29.0		)	—			60.5
Income (loss) from continuing operations before income taxes	62.4		29.8			(46.3		)	—			45.9

Depreciation and amortization ⁽¹⁾	$	15.0	$	3.3		$	9.8		$	—		$	28.1
Capital expenditures	12.9		2.9			3.3			—			19.1


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

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



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	485.0	$	152.4		$	—		$	—		$	637.4

Inter-segment sales	$	0.6	$	0.2		$	—		$	(0.8	)	$	—
Inter-segment royalty expense (income)	0.5		(0.5		)	—			—			—
Gross profit	184.0		80.7						—			264.7
Operating income (loss)	54.0		28.7			(27.0		)	—			55.7
Income (loss) from continuing operations before income taxes	51.8		29.3			(45.5		)	—			35.6

Depreciation and amortization ⁽¹⁾	$	13.4	$	3.6		$	10.1		$	—		$	27.1
Capital expenditures	16.8		2.9			2.1			—			21.8


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

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



(in millions)	March 31, 2019		December 31, 2018
United States	$	349.4	$	350.7
Canada	19.0		19.1
Other International	50.1		51.0
Total property, plant and equipment, net	$	418.5	$	420.8
Total International	$	69.1	$	70.1

The following table summarizes net sales by geographic region:



	Three Months Ended
	March 31,
(in millions)	2019		2018
United States	$	497.2	$	440.2
Canada	46.8		44.8
Other International	146.9		152.4
Total net sales	$	690.9	$	637.4
Total International	$	193.7	$	197.2

Guarantor/Non-Guarantor Financial Information

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Guarantor/Non-Guarantor Financial Information

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

The following supplemental financial information presents the Condensed Consolidated Statements of Income and Comprehensive Income for the three months ended March 31, 2019 and 2018, the Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018, and the Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2019 and 2018 for Tempur Sealy International, Combined Guarantor Subsidiaries and Combined Non-Guarantor Subsidiaries.

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended March 31, 2019

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications and Eliminations			Consolidated
Net sales	$	—		$	514.0		$	193.3		$	(16.4	)	$	690.9
Cost of sales	—			316.3			109.2			(16.4		)	409.1
Gross profit	—			197.7			84.1			—			281.8
Selling and marketing expenses	2.8			101.4			49.4			(0.1		)	153.5
General, administrative and other expenses	4.3			52.6			14.4			(0.6		)	70.7
Equity income in earnings of unconsolidated affiliates	—			—			(2.9		)	—			(2.9		)
Operating (loss) income	(7.1		)	43.7			23.2			0.7			60.5

Other expense, net:
Third party interest expense, net	14.1			7.7			0.6			—			22.4
Intercompany interest (income) expense, net	(2.6		)	2.4			0.2			—			—
Interest expense, net	11.5			10.1			0.8			—			22.4
Other income, net	—			(3.0		)	(5.1		)	0.3			(7.8		)
Total other expense (income), net	11.5			7.1			(4.3		)	0.3			14.6

Income from equity investees	44.3			22.1			—			(66.4		)	—

Income from continuing operations before income taxes	25.7			58.7			27.5			(66.0		)	45.9
Income tax benefit (provision)	2.9			(14.4		)	(5.4		)	—			(16.9		)
Income from continuing operations	28.6			44.3			22.1			(66.0		)	29.0
Loss from discontinued operations, net of tax	—			—			—			(0.4		)	(0.4		)
Net income before non-controlling interest	28.6			44.3			22.1			(66.4		)	28.6
Less: Net income attributable to non-controlling interest	0.2			—			0.2			(0.2		)	0.2
Net income attributable to Tempur Sealy International, Inc.	$	28.4		$	44.3		$	21.9		$	(66.2	)	$	28.4

Comprehensive income attributable to Tempur Sealy International, Inc.	$	32.4		$	46.6		$	23.6		$	(70.2	)	$	32.4

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended March 31, 2018

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications and Eliminations			Consolidated
Net sales	$	—		$	440.7		$	224.8		$	(28.1	)	$	637.4
Cost of sales	—			266.4			131.2			(24.9		)	372.7
Gross profit	—			174.3			93.6			(3.2		)	264.7
Selling and marketing expenses	1.9			93.1			53.9			(3.5		)	145.4
General, administrative and other expenses	4.7			47.5			16.8			(1.5		)	67.5
Equity income in earnings of unconsolidated affiliates	—			—			(3.9		)	—			(3.9		)
Operating (loss) income	(6.6		)	33.7			26.8			1.8			55.7

Other expense, net:
Third party interest expense, net	14.9			6.9			1.1			(0.2		)	22.7
Intercompany interest (income) expense, net	(1.8		)	1.8			—			—			—
Interest expense, net	13.1			8.7			1.1			(0.2		)	22.7
Other (income) expense, net	—			(2.2		)	0.4			(0.8		)	(2.6		)
Total other expense, net	13.1			6.5			1.5			(1.0		)	20.1

Income from equity investees	39.1			19.0			—			(58.1		)	—

Income from continuing operations before income taxes	19.4			46.2			25.3			(55.3		)	35.6
Income tax benefit (provision)	3.4			(7.1		)	(6.3		)	—			(10.0		)
Income from continuing operations	22.8			39.1			19.0			(55.3		)	25.6
Loss from discontinued operations, net of tax	—			—			—			(2.8		)	(2.8		)
Net income before non-controlling interest	22.8			39.1			19.0			(58.1		)	22.8
Less: Net loss attributable to non-controlling interest	(0.3		)	—			(0.3		)	0.3			(0.3		)
Net income attributable to Tempur Sealy International, Inc.	$	23.1		$	39.1		$	19.3		$	(58.4	)	$	23.1

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

Supplemental Condensed Consolidated Balance Sheets

March 31, 2019

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Reclassifications and Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	0.3	$	11.3	$	28.0	$	—		$	39.6
Accounts receivable, net	—		15.1		294.4		46.9			356.4
Inventories	—		172.0		67.7		—			239.7
Prepaid expenses and other current assets	282.1		65.2		149.1		(279.1		)	217.3
Total Current Assets	282.4		263.6		539.2		(232.2		)	853.0
Property, plant and equipment, net	—		349.4		69.1		—			418.5
Goodwill	—		508.8		216.7		—			725.5
Other intangible assets, net	—		569.7		77.2		—			646.9
Operating lease right-of-use assets	—		145.0		46.9		—			191.9
Deferred income taxes	13.4		—		21.9		(13.4		)	21.9
Other non-current assets	0.6		63.1		44.3		—			108.0
Net investment in subsidiaries	710.8		166.8		—		(877.6		)	—
Due from affiliates	425.4		144.9		15.9		(586.2		)	—
Total Assets	$	1,432.6	$	2,211.3	$	1,031.2	$	(1,709.4	)	$	2,965.7

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	—	$	141.6	$	57.2	$	46.9		$	245.7
Accrued expenses and other current liabilities	20.5		166.6		214.7		—			401.8
Current portion of long-term debt	—		48.0		7.5		—			55.5
Income taxes payable	—		290.6		11.0		(279.1		)	22.5
Total Current Liabilities	20.5		646.8		290.4		(232.2		)	725.5
Long-term debt, net	1,043.3		484.8		76.0		—			1,604.1
Long-term operating lease obligations	—		124.7		32.5		—			157.2
Deferred income taxes	—		116.6		12.3		(13.4		)	115.5
Other non-current liabilities	0.1		57.0		52.8		—			109.9
Due to affiliates	115.2		70.6		400.4		(586.2		)	—
Total Liabilities	1,179.1		1,500.5		864.4		(831.8		)	2,712.2

Total Stockholders' Equity	253.5		710.8		166.8		(877.6		)	253.5
Total Liabilities and Stockholders’ Equity	$	1,432.6	$	2,211.3	$	1,031.2	$	(1,709.4	)	$	2,965.7

Supplemental Condensed Consolidated Balance Sheets

December 31, 2018

(in millions)



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

Current Assets:
Cash and cash equivalents	$	0.1	$	6.2	$	39.5	$	—		$	45.8
Accounts receivable, net	—		15.2		303.3		3.0			321.5
Inventories	—		159.4		62.9		—			222.3
Prepaid expenses and other current assets	276.9		65.4		148.1		(274.6		)	215.8
Total Current Assets	277.0		246.2		553.8		(271.6		)	805.4
Property, plant and equipment, net	—		350.7		70.1		—			420.8
Goodwill	—		508.8		214.2		—			723.0
Other intangible assets, net	—		572.7		76.6		—			649.3
Deferred income taxes	15.0		—		22.6		(15.0		)	22.6
Other non-current assets	—		49.2		45.1		—			94.3
Net investment in subsidiaries	661.7		210.0		—		(871.7		)	—
Due from affiliates	422.1		153.8		15.4		(591.3		)	—
Total Assets	$	1,375.8	$	2,091.4	$	997.8	$	(1,749.6	)	$	2,715.4

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	186.7	$	63.3	$	3.0		$	253.0
Accrued expenses and other current liabilities	6.7		143.9		208.6		—			359.2
Current portion of long-term debt	—		44.0		3.1		—			47.1
Income taxes payable	—		274.7		9.6		(274.6		)	9.7
Total Current Liabilities	6.7		649.3		284.6		(271.6		)	669.0
Long-term debt, net	1,043.0		547.1		9.0		—			1,599.1
Deferred income taxes	—		118.0		14.5		(15.0		)	117.5
Other non-current liabilities	1.9		58.2		52.2		—			112.3
Due from affiliates	106.7		57.1		427.5		(591.3		)	—
Total Liabilities	1,158.3		1,429.7		787.8		(877.9		)	2,497.9

Total Stockholders' Equity	217.5		661.7		210.0		(871.7		)	217.5
Total Liabilities and Stockholders’ Equity	$	1,375.8	$	2,091.4	$	997.8	$	(1,749.6	)	$	2,715.4

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2019

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications and Eliminations			Consolidated
Net cash provided by (used in)operating activities from continuing operations	$	1.4		$	(2.3	)	$	4.8		$	0.7		$	4.6

CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:
Purchases of property, plant and equipment	—			(15.9		)	(3.2		)	—			(19.1		)
Debtor-in-possession financing arrangement	—			(9.5		)	—			—			(9.5		)
Other	—			0.1			8.2			—			8.3
Contributions received from (paid to) subsidiaries and affiliates	—			65.1			(65.1		)	—			—
Net cash provided by (used in) investing activities from continuing operations	—			39.8			(60.1		)	—			(20.3		)

CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:
Proceeds from borrowings under long-term debt obligations	—			—			212.6			—			212.6
Repayments of borrowings under long-term debt obligations	—			(57.5		)	(141.2		)	—			(198.7		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	0.1			26.7			(26.8		)	—			—
Proceeds from issuance of stock options	2.4			—			—			—			2.4
Treasury stock repurchased	(3.7		)	—			—			—			(3.7		)
Other	—			(1.6		)	—			—			(1.6		)
Net cash (used in) provided by financing activities from continuing operations	(1.2		)	(32.4		)	44.6			—			11.0

Net cash provided by (used in) continuing operations	0.2			5.1			(10.7		)	0.7			(4.7		)

CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows, net	—			—			—			(0.7		)	(0.7		)
Investing cash flows, net	—			—			—			—			—
Financing cash flows, net	—			—			—			—			—
Net cash used in discontinued operations	—			—			—			(0.7		)	(0.7		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(0.8		)	—			(0.8		)
Increase/(decrease) in cash and cash equivalents	0.2			5.1			(11.5		)	—			(6.2		)
CASH AND CASH EQUIVALENTS, beginning of period	0.1			6.2			39.5						45.8
CASH AND CASH EQUIVALENTS, end of period	$	0.3		$	11.3		$	28.0		$	—		$	39.6

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2018

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications and Eliminations			Consolidated
Net cash provided by (used in) operating activities from continuing operations	$	1.0		$	(18.2	)	$	7.5		$	10.6		$	0.9

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

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

Net cash (used in) provided by continuing operations	(0.1		)	(4.5		)	(3.2		)	10.6			2.8

CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows, net	—			—			—			(10.6		)	(10.6		)
Investing cash flows, net	—			—			—			—			—
Financing cash flows, net	—			—			—			—			—
Net cash used in discontinued operations	—			—			—			(10.6		)	(10.6		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			0.4			—			0.4
Decrease in cash and cash equivalents	(0.1		)	(4.5		)	(2.8		)				(7.4		)
CASH AND CASH EQUIVALENTS, beginning of period	0.1			12.3			29.5			—			41.9
CASH AND CASH EQUIVALENTS, end of period	—			7.8			26.7			—			34.5
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS	—			—			1.1			—			1.1
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS	$	—		$	7.8		$	25.6		$	—		$	33.4

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation and Description of Business	Basis of Presentation and Description of Business. Tempur Sealy International, Inc., a Delaware corporation, together with its subsidiaries, is a U.S. based, multinational company. The term "Tempur Sealy International" refers to Tempur Sealy International, Inc. only, and the term "Company" refers to Tempur Sealy International, Inc. and its consolidated subsidiaries. The Company develops, manufactures, markets and sells bedding products, which include mattresses, foundations and adjustable bases, and other products, which include pillows and other accessories. The Company also derives income from royalties by licensing Sealy® and Stearns & Foster® brands, technology and trademarks to other manufacturers. The Company sells its products through two sales channels: Wholesale and Direct. The Company has ownership interests in a group of Asia-Pacific joint ventures to develop markets for Sealy® branded products in those regions. The Company’s ownership interest in these joint ventures is 50.0%. The equity method of accounting is used for these joint ventures, over which the Company has significant influence but does not have control, and consolidation is not otherwise required. The Company's carrying value in its equity method investments of $22.3 million and $22.5 million at March 31, 2019 and December 31, 2018, respectively, is recorded in other non-current assets within the accompanying Condensed Consolidated Balance Sheets. The Company’s equity in the net income and losses of these investments is recorded as equity income in earnings of unconsolidated affiliates in the accompanying Condensed Consolidated Statements of Income. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X and include all of the information and disclosures required by generally accepted accounting principles in the United States ("GAAP") for interim financial reporting. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements of the Company and related footnotes for the year ended December 31, 2018, included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 22, 2019. The results of operations for the interim periods are not necessarily indicative of results of operations for a full year. It is the opinion of management that all necessary adjustments for a fair presentation of the results of operations for the interim periods have been made and are of a recurring nature unless otherwise disclosed herein.
Adoption of New Accounting Standards	Adoption of New Accounting Standards. Leases. Effective January 1, 2019, the Company adopted Accounting Standards Codification 842, Leases ("ASC 842"). ASC 842 consists of a comprehensive lease accounting standard requiring most leases to be recognized on the Condensed Consolidated Balance Sheet and significant new disclosures. The Company determines if an arrangement contains a lease at inception based on whether or not the Company has the right to control the asset during the contract period and other facts and circumstances. The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed it to carry forward the historical lease classification. Operating lease right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease, both of which are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. Leases with a lease term of 12 months or less at inception are not recorded within the Condensed Consolidated Balance Sheet and are expensed on a straight-line basis over the lease term within the Condensed Consolidated Statement of Income. The lease term is determined by assuming the exercise of renewal options that are reasonably certain. As most leases do not provide an implicit interest rate, the Company used its incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. When contracts contain lease and non-lease components, the Company generally accounted for both components as a single lease component. The adoption of ASC 842 resulted in the recognition of right-of-use assets of $197.2 million and operating lease liabilities of $203.3 million as of January 1, 2019. The adoption of ASC 842 did not have a material impact on the Company's results of operations, cash flows or debt covenants. For additional information, see Note 8, "Leases" of the Condensed Consolidated Financial Statements. Recently Issued Accounting Pronouncements Credit Losses In June 2016, the FASB issued ("ASU") No. 2016-13, Financial Instruments - Credit Losses (Topic 326), which requires entities to estimate expected lifetime credit losses on financial assets and provide expanded disclosures. This ASU is effective on January 1, 2020. In transition, entities are required to use a modified retrospective approach for the adoption of the new standard. The ASU replaces the incurred loss impairment methodology with one that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The Company is currently evaluating this ASU to determine the impact it will have on the Company's Condensed Consolidated Financial Statements.
Inventories	Inventories. Inventories are stated at the lower of cost and net realizable value, determined by the first-in, first-out method
Accrued Sales Returns	Accrued Sales Returns. The Company allows product returns through certain sales channels and on certain products. Estimated sales returns are provided at the time of sale based on historical sales channel return rates. Estimated future obligations related to these products are provided by a reduction of sales in the period in which the revenue is recognized. Accrued sales returns are included in accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets.
Warranties	Warranties. The Company provides warranties on certain products, which vary by segment, product and brand. Estimates of warranty expenses are based primarily on historical claims experience and product testing. Estimated future obligations related to these products are charged to cost of sales in the period in which the related revenue is recognized. The Company considers the impact of recoverable salvage value on warranty costs in determining its estimate of future warranty obligations. The Company provides warranties on mattresses with varying warranty terms. Tempur-Pedic mattresses sold in the North America segment and all Sealy mattresses have warranty terms ranging from 10 to 25 years, generally non-prorated for the first 10 to 15 years and then prorated for the balance of the warranty term. Tempur-Pedic mattresses sold in the International segment have warranty terms ranging from 5 to 15 years, non-prorated for the first 5 years and then prorated on a straight-line basis for the last 10 years of the warranty term. Tempur-Pedic pillows have a warranty term of 3 years, non-prorated.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s accounts receivable. The Company regularly reviews the adequacy of its allowance for doubtful accounts. The Company determines the allowance based on historical write-off experience and current economic conditions and also considers factors such as customer credit, past transaction history with the customer and changes in customer payment terms when determining whether the collection of a customer receivable is reasonably assured. Account balances are charged off against the allowance after all reasonable means of collection have been exhausted and the potential for recovery is considered remote.

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Schedule of inventory

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



	March 31,		December 31,
(in millions)	2019		2018
Finished goods	$	154.6	$	148.9
Work-in-process	12.0		11.8
Raw materials and supplies	73.1		61.6
	$	239.7	$	222.3

Changes in accrued sales returns

The Company had the following activity for sales returns from December 31, 2018 to March 31, 2019:



(in millions)
Balance as of December 31, 2018	$	34.3
Amounts accrued	24.6
Returns charged to accrual	(24.0		)
Balance as of March 31, 2019	$	34.9

Warranty activity

The Company had the following activity for its accrued warranty expense from December 31, 2018 to March 31, 2019:



(in millions)
Balance as of December 31, 2018	$	36.4
Amounts accrued	7.9
Warranties charged to accrual	(7.2		)
Balance as of March 31, 2019	$	37.1

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue



	Three Months Ended March 31, 2019						Three Months Ended March 31, 2018
(in millions)	North America		International		Consolidated		North America		International		Consolidated
Channel
Wholesale	$	501.8	$	114.1	$	615.9	$	454.0	$	129.1	$	583.1
Direct	42.2		32.8		75.0		31.0		23.3		54.3
Net sales	$	544.0	$	146.9	$	690.9	$	485.0	$	152.4	$	637.4

	North America		International		Consolidated		North America		International		Consolidated
Product
Bedding products	$	514.4	$	115.4	$	629.8	$	452.3	$	123.7	$	576.0
Other products	29.6		31.5		61.1		32.7		28.7		61.4
Net sales	$	544.0	$	146.9	$	690.9	$	485.0	$	152.4	$	637.4

	North America		International		Consolidated		North America		International		Consolidated
Geographical region
United States	$	497.2	$	—	$	497.2	$	440.2	$	—	$	440.2
Canada	46.8		—		46.8		44.8		—		44.8
International	—		146.9		146.9		—		152.4		152.4
Net sales	$	544.0	$	146.9	$	690.9	$	485.0	$	152.4	$	637.4

Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations Statements

Components of amounts reflected in the Condensed Consolidated Statements of Income related to discontinued operations are presented in the following table for each of the periods ended March 31.



	Three Months Ended
	March 31,
	2019			2018
Net sales	$	0.2		$	10.6
Cost of sales	0.2			7.4
Gross profit	—			3.2
Selling and marketing expenses	0.1			3.5
General, administrative and other expenses	0.6			1.5
Operating loss	(0.7		)	(1.8		)

Interest (income) expense, net and other	(0.3		)	1.0

Loss from discontinued operations before income taxes	(0.4		)	(2.8		)
Income tax provision	—			—
Net loss from discontinued operations, net of tax	$	(0.4	)	$	(2.8	)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of long term debt

Debt for the Company consists of the following:



	March 31, 2019			December 31, 2018
(in millions, except percentages)	Amount		Rate	Amount		Rate	Maturity Date
2016 Credit Agreement
Term A Facility	$	467.5	(1)	$	525.0	(2)	April 6, 2021
Revolver	—		(1)	—		(2)	April 6, 2021
2026 Senior Notes	600.0		5.500%	600.0		5.500%	June 15, 2026
2023 Senior Notes	450.0		5.625%	450.0		5.625%	October 15, 2023
Securitized debt	76.0		(3)	9.1		(3)	April 6, 2021
Financing/capital lease obligations ⁽⁴⁾	65.8			66.7			Various
Other	7.5			3.0			Various
Total debt	1,666.8			1,653.8
Less: deferred financing costs	7.2			7.6
Total debt, net	1,659.6			1,646.2
Less: current portion	55.5			47.1
Total long-term debt, net	$	1,604.1		$	1,599.1



(1)	Interest at LIBOR plus applicable margin of 1.75% as of March 31, 2019.
(2)	Interest at LIBOR plus applicable margin of 2.00% as of December 31, 2018.
(3)	Interest at one month LIBOR index plus 80 basis points.
(4)	Financing/capital lease obligations are a non-cash financing activity.

Fair value of financial instruments

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



	Fair Value
(in millions)	March 31, 2019		December 31, 2018
2023 Senior Notes	$	457.9	$	435.6
2026 Senior Notes	600.3		549.3

- Definition

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

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+ Details

Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Assets and Liabilities, Lessee

The following table summarizes the classification of operating and finance lease assets and obligations in the Company's Condensed Consolidated Balance Sheet as of March 31, 2019:



(in millions)		March 31, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	191.9
Finance lease assets	Property, plant and equipment, net	57.2
Total leased assets		$	249.1

Liabilities
Short-term:
Operating lease obligations	Accrued expenses and other current liabilities	$	40.7
Finance lease obligations	Current portion of long-term debt	6.8
Long-term:
Operating lease obligations	Long-term operating lease obligations	157.2
Finance lease obligations	Long-term debt, net	59.0
Total lease obligations		$	263.7

Lease, Expense

The following table provides supplemental information related to the Company's Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2019:



	Three Months Ended
(in millions)	March 31, 2019
Cash paid for amounts included in the measurement of lease obligations:
Operating cash flows paid for operating leases	$	13.4
Financing cash flows paid for finance leases	1.6

Right-of-use assets obtained in exchange for new operating lease obligations	$	5.4

The following table summarizes the classification of lease expense in the Company's Condensed Consolidated Statement of Income for the three months ended March 31, 2019:



	Three Months Ended
(in millions)	March 31, 2019
Operating lease expense ⁽¹⁾	$	19.1
Finance lease expense:
Amortization of right-of-use assets	1.9
Interest on lease obligations	1.2
Total lease expense	$	22.2



(1)	Includes short-term leases and variable lease expenses, which are immaterial.

Lessee, Operating Lease, Liability, Maturity

The following table sets forth the scheduled maturities of lease obligations as of March 31, 2019:



(in millions)	Operating Leases		Finance Leases		Total
Year Ended December 31,
2019 (excluding the three months ended March 31, 2019)	$	47.7	$	8.6	$	56.3
2020	55.1		11.2		66.3
2021	48.0		10.9		58.9
2022	39.4		9.0		48.4
2023	31.0		7.5		38.5
Thereafter	105.3		43.2		148.5
Total lease payments	326.5		90.4		416.9
Less: Interest	128.6		24.6		153.2
Present value of lease obligations	$	197.9	$	65.8	$	263.7

Finance Lease, Liability, Maturity

The following table sets forth the scheduled maturities of lease obligations as of March 31, 2019:



(in millions)	Operating Leases		Finance Leases		Total
Year Ended December 31,
2019 (excluding the three months ended March 31, 2019)	$	47.7	$	8.6	$	56.3
2020	55.1		11.2		66.3
2021	48.0		10.9		58.9
2022	39.4		9.0		48.4
2023	31.0		7.5		38.5
Thereafter	105.3		43.2		148.5
Total lease payments	326.5		90.4		416.9
Less: Interest	128.6		24.6		153.2
Present value of lease obligations	$	197.9	$	65.8	$	263.7

Lease, Lease Term and Discount Rate

The following table provides lease term and discount rate information related to operating and finance leases as of March 31, 2019:



	March 31, 2019
Weighted average remaining lease term (years):
Operating leases	6.1
Finance leases	9.9

Weighted average discount rate:
Operating leases	5.67	%
Finance leases	6.37	%

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2019

Stockholders' Equity Note [Abstract]

Changes in accumulated other comprehensive loss

AOCL consisted of the following:



	Three Months Ended
	March 31,
(in millions)	2019			2018
Foreign Currency Translation
Balance at beginning of period	$	(91.7	)	$	(72.8	)
Other comprehensive loss:
Foreign currency translation adjustments ⁽¹⁾	4.0			5.0
Balance at end of period	$	(87.7	)	$	(67.8	)

Pensions
Balance at beginning of period	$	(3.6	)	$	(2.7	)
Other comprehensive loss:
Net change from period revaluations, net of tax	—			—
Tax expense ⁽²⁾	—			—
Total other comprehensive income before reclassifications, net of tax	$	—		$	—
Net amount reclassified to earnings ⁽¹⁾	—			—
U.S. tax reform - reclassification to retained earnings upon adoption of ASU No. 2018-02	—			(0.5		)
Tax benefit ⁽²⁾	—			(0.1		)
Total amount reclassified from accumulated other comprehensive loss, net of tax	$	—		$	(0.6	)
Total other comprehensive loss	—			(0.6		)
Balance at end of period	$	(3.6	)	$	(3.3	)



(1)	In 2019 and 2018, there were no tax impacts related to foreign currency translation adjustments and no amounts were reclassified to earnings.
(2)	These amounts were included in the income tax provision in the accompanying Condensed Consolidated Statements of Income.

Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Earnings Per common share

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



	Three Months Ended
	March 31,
(in millions, except per common share amounts)	2019		2018
Numerator:
Income from continuing operations, net of loss attributable to non-controlling interest	$	28.8	$	25.9

Denominator:
Denominator for basic earnings per common share-weighted average shares	54.7		54.3
Effect of dilutive securities:
Employee stock-based compensation	1.0		0.6
Denominator for diluted earnings per common share-adjusted weighted average shares	55.7		54.9

Basic earnings per common share for continuing operations	$	0.53	$	0.48

Diluted earnings per common share for continuing operations	$	0.52	$	0.47

Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Total assets and long-lived assets by segment

The following table summarizes total assets by segment:



(in millions)	March 31, 2019			December 31, 2018
North America	$	3,015.1		$	2,788.1
International	632.9			604.8
Corporate	562.9			569.0
Inter-segment eliminations	(1,245.2		)	(1,246.5		)
Total assets	$	2,965.7		$	2,715.4

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



(in millions)	March 31, 2019		December 31, 2018
North America	$	316.3	$	317.5
International	50.1		51.1
Corporate	52.1		52.2
Total property, plant and equipment, net	$	418.5	$	420.8

Segment financial information

The following table summarizes segment information for the three months ended March 31, 2019:



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	544.0	$	146.9		$	—		$	—		$	690.9

Inter-segment sales	$	1.0	$	0.3		$	—		$	(1.3	)	$	—
Inter-segment royalty expense (income)	1.0		(1.0		)	—			—			—
Gross profit	204.4		77.4			—			—			281.8
Operating income (loss)	64.3		25.2			(29.0		)	—			60.5
Income (loss) from continuing operations before income taxes	62.4		29.8			(46.3		)	—			45.9

Depreciation and amortization ⁽¹⁾	$	15.0	$	3.3		$	9.8		$	—		$	28.1
Capital expenditures	12.9		2.9			3.3			—			19.1


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

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



(in millions)	North America		International			Corporate			Eliminations			Consolidated
Net sales	$	485.0	$	152.4		$	—		$	—		$	637.4

Inter-segment sales	$	0.6	$	0.2		$	—		$	(0.8	)	$	—
Inter-segment royalty expense (income)	0.5		(0.5		)	—			—			—
Gross profit	184.0		80.7						—			264.7
Operating income (loss)	54.0		28.7			(27.0		)	—			55.7
Income (loss) from continuing operations before income taxes	51.8		29.3			(45.5		)	—			35.6

Depreciation and amortization ⁽¹⁾	$	13.4	$	3.6		$	10.1		$	—		$	27.1
Capital expenditures	16.8		2.9			2.1			—			21.8

(1)

Depreciation and amortization includes stock-based compensation amortization expense.

Long-lived assets by geographic region

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



(in millions)	March 31, 2019		December 31, 2018
United States	$	349.4	$	350.7
Canada	19.0		19.1
Other International	50.1		51.0
Total property, plant and equipment, net	$	418.5	$	420.8
Total International	$	69.1	$	70.1

Net sales by geographic region

The following table summarizes net sales by geographic region:



	Three Months Ended
	March 31,
(in millions)	2019		2018
United States	$	497.2	$	440.2
Canada	46.8		44.8
Other International	146.9		152.4
Total net sales	$	690.9	$	637.4
Total International	$	193.7	$	197.2

Guarantor/Non-Guarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Schedule of supplemental condensed consolidated statements of income and comprehensive income

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended March 31, 2019

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications and Eliminations			Consolidated
Net sales	$	—		$	514.0		$	193.3		$	(16.4	)	$	690.9
Cost of sales	—			316.3			109.2			(16.4		)	409.1
Gross profit	—			197.7			84.1			—			281.8
Selling and marketing expenses	2.8			101.4			49.4			(0.1		)	153.5
General, administrative and other expenses	4.3			52.6			14.4			(0.6		)	70.7
Equity income in earnings of unconsolidated affiliates	—			—			(2.9		)	—			(2.9		)
Operating (loss) income	(7.1		)	43.7			23.2			0.7			60.5

Other expense, net:
Third party interest expense, net	14.1			7.7			0.6			—			22.4
Intercompany interest (income) expense, net	(2.6		)	2.4			0.2			—			—
Interest expense, net	11.5			10.1			0.8			—			22.4
Other income, net	—			(3.0		)	(5.1		)	0.3			(7.8		)
Total other expense (income), net	11.5			7.1			(4.3		)	0.3			14.6

Income from equity investees	44.3			22.1			—			(66.4		)	—

Income from continuing operations before income taxes	25.7			58.7			27.5			(66.0		)	45.9
Income tax benefit (provision)	2.9			(14.4		)	(5.4		)	—			(16.9		)
Income from continuing operations	28.6			44.3			22.1			(66.0		)	29.0
Loss from discontinued operations, net of tax	—			—			—			(0.4		)	(0.4		)
Net income before non-controlling interest	28.6			44.3			22.1			(66.4		)	28.6
Less: Net income attributable to non-controlling interest	0.2			—			0.2			(0.2		)	0.2
Net income attributable to Tempur Sealy International, Inc.	$	28.4		$	44.3		$	21.9		$	(66.2	)	$	28.4

Comprehensive income attributable to Tempur Sealy International, Inc.	$	32.4		$	46.6		$	23.6		$	(70.2	)	$	32.4

Supplemental Condensed Consolidated Statements of Income and Comprehensive Income

Three Months Ended March 31, 2018

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications and Eliminations			Consolidated
Net sales	$	—		$	440.7		$	224.8		$	(28.1	)	$	637.4
Cost of sales	—			266.4			131.2			(24.9		)	372.7
Gross profit	—			174.3			93.6			(3.2		)	264.7
Selling and marketing expenses	1.9			93.1			53.9			(3.5		)	145.4
General, administrative and other expenses	4.7			47.5			16.8			(1.5		)	67.5
Equity income in earnings of unconsolidated affiliates	—			—			(3.9		)	—			(3.9		)
Operating (loss) income	(6.6		)	33.7			26.8			1.8			55.7

Other expense, net:
Third party interest expense, net	14.9			6.9			1.1			(0.2		)	22.7
Intercompany interest (income) expense, net	(1.8		)	1.8			—			—			—
Interest expense, net	13.1			8.7			1.1			(0.2		)	22.7
Other (income) expense, net	—			(2.2		)	0.4			(0.8		)	(2.6		)
Total other expense, net	13.1			6.5			1.5			(1.0		)	20.1

Income from equity investees	39.1			19.0			—			(58.1		)	—

Income from continuing operations before income taxes	19.4			46.2			25.3			(55.3		)	35.6
Income tax benefit (provision)	3.4			(7.1		)	(6.3		)	—			(10.0		)
Income from continuing operations	22.8			39.1			19.0			(55.3		)	25.6
Loss from discontinued operations, net of tax	—			—			—			(2.8		)	(2.8		)
Net income before non-controlling interest	22.8			39.1			19.0			(58.1		)	22.8
Less: Net loss attributable to non-controlling interest	(0.3		)	—			(0.3		)	0.3			(0.3		)
Net income attributable to Tempur Sealy International, Inc.	$	23.1		$	39.1		$	19.3		$	(58.4	)	$	23.1

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

Schedule of supplemental condensed consolidated balance sheets

Supplemental Condensed Consolidated Balance Sheets

March 31, 2019

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Reclassifications and Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	0.3	$	11.3	$	28.0	$	—		$	39.6
Accounts receivable, net	—		15.1		294.4		46.9			356.4
Inventories	—		172.0		67.7		—			239.7
Prepaid expenses and other current assets	282.1		65.2		149.1		(279.1		)	217.3
Total Current Assets	282.4		263.6		539.2		(232.2		)	853.0
Property, plant and equipment, net	—		349.4		69.1		—			418.5
Goodwill	—		508.8		216.7		—			725.5
Other intangible assets, net	—		569.7		77.2		—			646.9
Operating lease right-of-use assets	—		145.0		46.9		—			191.9
Deferred income taxes	13.4		—		21.9		(13.4		)	21.9
Other non-current assets	0.6		63.1		44.3		—			108.0
Net investment in subsidiaries	710.8		166.8		—		(877.6		)	—
Due from affiliates	425.4		144.9		15.9		(586.2		)	—
Total Assets	$	1,432.6	$	2,211.3	$	1,031.2	$	(1,709.4	)	$	2,965.7

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	—	$	141.6	$	57.2	$	46.9		$	245.7
Accrued expenses and other current liabilities	20.5		166.6		214.7		—			401.8
Current portion of long-term debt	—		48.0		7.5		—			55.5
Income taxes payable	—		290.6		11.0		(279.1		)	22.5
Total Current Liabilities	20.5		646.8		290.4		(232.2		)	725.5
Long-term debt, net	1,043.3		484.8		76.0		—			1,604.1
Long-term operating lease obligations	—		124.7		32.5		—			157.2
Deferred income taxes	—		116.6		12.3		(13.4		)	115.5
Other non-current liabilities	0.1		57.0		52.8		—			109.9
Due to affiliates	115.2		70.6		400.4		(586.2		)	—
Total Liabilities	1,179.1		1,500.5		864.4		(831.8		)	2,712.2

Total Stockholders' Equity	253.5		710.8		166.8		(877.6		)	253.5
Total Liabilities and Stockholders’ Equity	$	1,432.6	$	2,211.3	$	1,031.2	$	(1,709.4	)	$	2,965.7

Supplemental Condensed Consolidated Balance Sheets

December 31, 2018

(in millions)



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

Current Assets:
Cash and cash equivalents	$	0.1	$	6.2	$	39.5	$	—		$	45.8
Accounts receivable, net	—		15.2		303.3		3.0			321.5
Inventories	—		159.4		62.9		—			222.3
Prepaid expenses and other current assets	276.9		65.4		148.1		(274.6		)	215.8
Total Current Assets	277.0		246.2		553.8		(271.6		)	805.4
Property, plant and equipment, net	—		350.7		70.1		—			420.8
Goodwill	—		508.8		214.2		—			723.0
Other intangible assets, net	—		572.7		76.6		—			649.3
Deferred income taxes	15.0		—		22.6		(15.0		)	22.6
Other non-current assets	—		49.2		45.1		—			94.3
Net investment in subsidiaries	661.7		210.0		—		(871.7		)	—
Due from affiliates	422.1		153.8		15.4		(591.3		)	—
Total Assets	$	1,375.8	$	2,091.4	$	997.8	$	(1,749.6	)	$	2,715.4

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	186.7	$	63.3	$	3.0		$	253.0
Accrued expenses and other current liabilities	6.7		143.9		208.6		—			359.2
Current portion of long-term debt	—		44.0		3.1		—			47.1
Income taxes payable	—		274.7		9.6		(274.6		)	9.7
Total Current Liabilities	6.7		649.3		284.6		(271.6		)	669.0
Long-term debt, net	1,043.0		547.1		9.0		—			1,599.1
Deferred income taxes	—		118.0		14.5		(15.0		)	117.5
Other non-current liabilities	1.9		58.2		52.2		—			112.3
Due from affiliates	106.7		57.1		427.5		(591.3		)	—
Total Liabilities	1,158.3		1,429.7		787.8		(877.9		)	2,497.9

Total Stockholders' Equity	217.5		661.7		210.0		(871.7		)	217.5
Total Liabilities and Stockholders’ Equity	$	1,375.8	$	2,091.4	$	997.8	$	(1,749.6	)	$	2,715.4

Schedule of supplemental condensed consolidated statements of cash flows

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2019

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications and Eliminations			Consolidated
Net cash provided by (used in)operating activities from continuing operations	$	1.4		$	(2.3	)	$	4.8		$	0.7		$	4.6

CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:
Purchases of property, plant and equipment	—			(15.9		)	(3.2		)	—			(19.1		)
Debtor-in-possession financing arrangement	—			(9.5		)	—			—			(9.5		)
Other	—			0.1			8.2			—			8.3
Contributions received from (paid to) subsidiaries and affiliates	—			65.1			(65.1		)	—			—
Net cash provided by (used in) investing activities from continuing operations	—			39.8			(60.1		)	—			(20.3		)

CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:
Proceeds from borrowings under long-term debt obligations	—			—			212.6			—			212.6
Repayments of borrowings under long-term debt obligations	—			(57.5		)	(141.2		)	—			(198.7		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	0.1			26.7			(26.8		)	—			—
Proceeds from issuance of stock options	2.4			—			—			—			2.4
Treasury stock repurchased	(3.7		)	—			—			—			(3.7		)
Other	—			(1.6		)	—			—			(1.6		)
Net cash (used in) provided by financing activities from continuing operations	(1.2		)	(32.4		)	44.6			—			11.0

Net cash provided by (used in) continuing operations	0.2			5.1			(10.7		)	0.7			(4.7		)

CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows, net	—			—			—			(0.7		)	(0.7		)
Investing cash flows, net	—			—			—			—			—
Financing cash flows, net	—			—			—			—			—
Net cash used in discontinued operations	—			—			—			(0.7		)	(0.7		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(0.8		)	—			(0.8		)
Increase/(decrease) in cash and cash equivalents	0.2			5.1			(11.5		)	—			(6.2		)
CASH AND CASH EQUIVALENTS, beginning of period	0.1			6.2			39.5						45.8
CASH AND CASH EQUIVALENTS, end of period	$	0.3		$	11.3		$	28.0		$	—		$	39.6

Supplemental Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31, 2018

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications and Eliminations			Consolidated
Net cash provided by (used in) operating activities from continuing operations	$	1.0		$	(18.2	)	$	7.5		$	10.6		$	0.9

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

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

Net cash (used in) provided by continuing operations	(0.1		)	(4.5		)	(3.2		)	10.6			2.8

CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows, net	—			—			—			(10.6		)	(10.6		)
Investing cash flows, net	—			—			—			—			—
Financing cash flows, net	—			—			—			—			—
Net cash used in discontinued operations	—			—			—			(10.6		)	(10.6		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			0.4			—			0.4
Decrease in cash and cash equivalents	(0.1		)	(4.5		)	(2.8		)				(7.4		)
CASH AND CASH EQUIVALENTS, beginning of period	0.1			12.3			29.5			—			41.9
CASH AND CASH EQUIVALENTS, end of period	—			7.8			26.7			—			34.5
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS	—			—			1.1			—			1.1
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS	$	—		$	7.8		$	25.6		$	—		$	33.4

Summary of Significant Accounting Policies (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($) channel	Jan. 01, 2019 USD ($)	Dec. 31, 2018 USD ($)
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Number of products sales channels \| channel	2
Ownership percentage	50.00%
Net investment	$ 22.3		$ 22.5
Operating lease right-of-use assets	191.9		0.0
Present value of lease obligations	197.9
Revenue Recognition [Abstract]
Allowance for doubtful accounts included in accounts receivable, net	49.5		47.6
Accrued expenses and other current liabilities
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Accrued sales returns	22.7		22.0
Warranty Term [Abstract]
Accrued warranty expense	15.1		14.9
Other noncurrent liabilities
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Accrued sales returns	12.2		12.3
Warranty Term [Abstract]
Accrued warranty expense	$ 22.0		$ 21.5
Mattresses \| Non-prorated \| International
Warranty Term [Abstract]
Warranty term (in years)	5 years
Mattresses \| Prorated \| International
Warranty Term [Abstract]
Warranty term (in years)	10 years
Mattresses \| Minimum \| North America
Warranty Term [Abstract]
Warranty term (in years)	10 years
Mattresses \| Minimum \| International
Warranty Term [Abstract]
Warranty term (in years)	5 years
Mattresses \| Minimum \| Non-prorated \| North America
Warranty Term [Abstract]
Warranty term (in years)	10 years
Mattresses \| Maximum \| North America
Warranty Term [Abstract]
Warranty term (in years)	25 years
Mattresses \| Maximum \| International
Warranty Term [Abstract]
Warranty term (in years)	15 years
Mattresses \| Maximum \| Non-prorated \| North America
Warranty Term [Abstract]
Warranty term (in years)	15 years
Pillows \| North America
Warranty Term [Abstract]
Warranty term (in years)	3 years
Accounting Standards Update 2016-02
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Operating lease right-of-use assets		$ 197.2
Present value of lease obligations		$ 203.3

Summary of Significant Accounting Policies - Schedule Of Inventory, Current (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Finished goods	$ 154.6	$ 148.9
Work-in-process	12.0	11.8
Raw materials and supplies	73.1	61.6
Total	$ 239.7	$ 222.3

Summary of Significant Accounting Policies - Changes In Accured Sales Returns (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Changes in Accrued Sales Returns [Roll Forward]
Beginning balance	$ 22.0
Ending balance	22.7
Sales Returns
Changes in Accrued Sales Returns [Roll Forward]
Beginning balance	34.3
Amounts accrued	24.6
Returns charged to accrual	(24.0)
Ending balance	$ 34.9

Summary of Significant Accounting Policies - Warranty Activity (Details) - Warranty Reserves $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 36.4
Amounts accrued	7.9
Warranties charged to accrual	(7.2)
Ending balance	$ 37.1

Revenue Recognition - Sales (Details) $ in Millions	3 Months Ended
Revenue Recognition - Sales (Details) $ in Millions	Mar. 31, 2019 USD ($) product_category channel	Mar. 31, 2018 USD ($)
Disaggregation of Revenue [Line Items]
Net sales	$ 690.9	$ 637.4
Number of products sales channels \| channel	2
Number of product categories \| product_category	2
Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	$ 690.9	637.4
Operating Segments \| United States
Disaggregation of Revenue [Line Items]
Net sales	497.2	440.2
Operating Segments \| Canada
Disaggregation of Revenue [Line Items]
Net sales	46.8	44.8
Operating Segments \| International
Disaggregation of Revenue [Line Items]
Net sales	146.9	152.4
Operating Segments \| Bedding products
Disaggregation of Revenue [Line Items]
Net sales	629.8	576.0
Operating Segments \| Other products
Disaggregation of Revenue [Line Items]
Net sales	61.1	61.4
Operating Segments \| Wholesale
Disaggregation of Revenue [Line Items]
Net sales	615.9	583.1
Operating Segments \| Direct
Disaggregation of Revenue [Line Items]
Net sales	75.0	54.3
Operating Segments \| North America
Disaggregation of Revenue [Line Items]
Net sales	544.0	485.0
Operating Segments \| North America \| Bedding products
Disaggregation of Revenue [Line Items]
Net sales	514.4	452.3
Operating Segments \| North America \| Other products
Disaggregation of Revenue [Line Items]
Net sales	29.6	32.7
Operating Segments \| North America \| Wholesale
Disaggregation of Revenue [Line Items]
Net sales	501.8	454.0
Operating Segments \| North America \| Direct
Disaggregation of Revenue [Line Items]
Net sales	42.2	31.0
Operating Segments \| International
Disaggregation of Revenue [Line Items]
Net sales	146.9	152.4
Operating Segments \| International \| Bedding products
Disaggregation of Revenue [Line Items]
Net sales	115.4	123.7
Operating Segments \| International \| Other products
Disaggregation of Revenue [Line Items]
Net sales	31.5	28.7
Operating Segments \| International \| Wholesale
Disaggregation of Revenue [Line Items]
Net sales	114.1	129.1
Operating Segments \| International \| Direct
Disaggregation of Revenue [Line Items]
Net sales	$ 32.8	$ 23.3

Discontinued Operations - Income Statement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Net sales	$ 0.2	$ 10.6
Cost of sales	0.2	7.4
Gross profit	0.0	3.2
Selling and marketing expenses	0.1	3.5
General, administrative and other expenses	0.6	1.5
Operating income (loss)	(0.7)	(1.8)
Interest (income) expense, net and other	0.3	(1.0)
Loss from discontinued operations before income taxes	(0.4)	(2.8)
Income tax provision	0.0	0.0
Net loss from discontinued operations, net of tax	$ (0.4)	$ (2.8)

Acquisitions (Details) $ in Millions	Apr. 01, 2019 USD ($)
Subsequent Event \| Innovative Mattress Solutions, LLC (IMS)
Business Acquisition [Line Items]
Consideration transferred	$ 24

Goodwill (Details) $ in Millions	3 Months Ended
Goodwill (Details) $ in Millions	Mar. 31, 2019 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 723.0
Foreign currency translation and other	2.5
Ending balance	725.5
North America
Goodwill [Roll Forward]
Beginning balance	571.1
Foreign currency translation and other	1.3
Ending balance	572.4
International
Goodwill [Roll Forward]
Beginning balance	151.9
Foreign currency translation and other	1.2
Ending balance	$ 153.1

Debt (Details) - USD ($)	3 Months Ended	12 Months Ended
Debt (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Apr. 12, 2017
Long-term Debt, by Current and Noncurrent [Abstract]
Present value of lease obligations	$ 65,800,000
Other	7,500,000	$ 3,000,000.0
Total debt	1,666,800,000	1,653,800,000
Less: deferred financing costs	7,200,000	7,600,000
Total debt, net	1,659,600,000	1,646,200,000
Less: current portion	55,500,000	47,100,000
Total long-term debt, net	1,604,100,000	1,599,100,000
Revolving Credit Facility
Line of Credit Facility [Abstract]
Maximum borrowing capacity			$ 120,000,000.0
2026 Senior Notes
Long-term Debt, by Current and Noncurrent [Abstract]
Senior notes	$ 600,000,000.0	$ 600,000,000.0
Stated percentage	5.50%	5.50%
2026 Senior Notes \| Fair Value, Inputs, Level 2
Line of Credit Facility [Abstract]
Notes, fair value	$ 600,300,000	$ 549,300,000
2023 Senior Notes
Long-term Debt, by Current and Noncurrent [Abstract]
Senior notes	$ 450,000,000.0	$ 450,000,000.0
Stated percentage	5.625%	5.625%
2023 Senior Notes \| Fair Value, Inputs, Level 2
Line of Credit Facility [Abstract]
Notes, fair value	$ 457,900,000	$ 435,600,000
Securitized debt
Long-term Debt, by Current and Noncurrent [Abstract]
Securitized debt	$ 76,000,000.0	$ 9,100,000
Securitized debt \| London Interbank Offered Rate (LIBOR)
Long-term Debt, by Current and Noncurrent [Abstract]
Index rate or LIBOR plus (as a percent)	0.80%	0.80%
Financing and capital lease obligations
Long-term Debt, by Current and Noncurrent [Abstract]
Present value of lease obligations	$ 65,800,000	$ 66,700,000
2016 Credit Agreement \| Line of Credit
Line of Credit Facility [Abstract]
Maximum percentage of domestic qualified cash allowed to be subtracted from consolidated funded debt	100.00%
Maximum percentage of foreign qualified cash allowed to be subtracted from consolidated funded debt	60.00%
Maximum amount of domestic and foreign qualified cash allowed to be subtracted from consolidated funded debt	$ 150,000,000.0
Domestic qualified cash	19,400,000
Foreign qualified cash	10,400,000
2016 Credit Agreement \| Term A Facility
Long-term Debt, by Current and Noncurrent [Abstract]
Line of credit	467,500,000	$ 525,000,000.0
Line of Credit Facility [Abstract]
Prepaid debt payment	$ 50,000,000.0
2016 Credit Agreement \| Term A Facility \| London Interbank Offered Rate (LIBOR)
Long-term Debt, by Current and Noncurrent [Abstract]
Index rate or LIBOR plus (as a percent)	1.75%	2.00%
2016 Credit Agreement \| Revolver
Long-term Debt, by Current and Noncurrent [Abstract]
Line of credit	$ 0	$ 0
2016 Credit Agreement \| Revolver \| London Interbank Offered Rate (LIBOR)
Long-term Debt, by Current and Noncurrent [Abstract]
Index rate or LIBOR plus (as a percent)	1.75%	2.00%

Leases - Balance Sheet Effect (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease right-of-use assets	$ 191.9	$ 0.0
Finance lease assets	57.2
Total leased assets	249.1
Operating lease obligations	40.7	0.0
Finance lease obligations	6.8
Long-term operating lease obligations	157.2	$ 0.0
Finance lease obligations	59.0
Present value of lease obligations	$ 263.7

Leases - Expense (Details) $ in Millions	3 Months Ended
Leases - Expense (Details) $ in Millions	Mar. 31, 2019 USD ($)
Leases [Abstract]
Operating lease expense	$ 19.1
Finance lease expense:
Amortization of right-of-use assets	1.9
Interest on lease obligations	1.2
Total lease expense	$ 22.2

Leases - Maturity (Details) $ in Millions	Mar. 31, 2019 USD ($)
Operating Leases
2019 (excluding the three months ended March 31, 2019)	$ 47.7
2020	55.1
2021	48.0
2022	39.4
2023	31.0
Thereafter	105.3
Future minimum lease payments	326.5
Less: Interest	128.6
Present value of lease obligations	197.9
Finance Leases
2019 (excluding the three months ended March 31, 2019)	8.6
2020	11.2
2021	10.9
2022	9.0
2023	7.5
Thereafter	43.2
Total lease payments	90.4
Less: Interest	24.6
Present value of lease obligations	65.8
2019 (excluding the three months ended March 31, 2019)	56.3
2020	66.3
2021	58.9
2022	48.4
2023	38.5
Thereafter	148.5
Total lease payments	416.9
Less: Interest	153.2
Present value of lease obligations	$ 263.7

Leases - Long Term and Discount Rate (Details)	Mar. 31, 2019
Weighted average remaining lease term (years):
Operating leases	6 years 1 month 6 days
Finance leases	9 years 10 months 24 days
Weighted average discount rate:
Operating leases	5.67%
Finance leases	6.37%

Leases - Other Information (Details) $ in Millions	3 Months Ended
Leases - Other Information (Details) $ in Millions	Mar. 31, 2019 USD ($)
Cash paid for amounts included in the measurement of lease obligations:
Operating cash flows paid for operating leases	$ 13.4
Financing cash flows paid for finance leases	1.6
Right-of-use assets obtained in exchange for new operating lease obligations	$ 5.4

Stockholders' Equity (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($) vote $ / shares shares	Mar. 31, 2018 USD ($) shares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock shares authorized (in shares)	300,000,000.0
Common stock par value (USD per share) \| $ / shares	$ 0.01
Preferred stock authorized shares (in shares)	10,000.00
Preferred stock par or stated value (in dollars per share) \| $ / shares	$ 0.01
Common stock, number of votes granted per common share held \| vote	1
Treasury stock, shares, acquired (in shares)	15,731	0
Value of treasury stock acquired \| $	$ 0.8
Performance-based Restricted Stock Units
Accumulated Other Comprehensive Income (Loss) [Line Items]
Value of treasury stock acquired \| $	$ 2.9	$ 2.9
Repurchase of shares upon vesting of PRSUs withheld to satisfy tax withholding obligations (in shares)	100,000
February 2016 Program
Accumulated Other Comprehensive Income (Loss) [Line Items]
Remaining shares under share repurchase authorization \| $	$ 226.1

Stockholders' Equity - AOCL (Details) - USD ($)	3 Months Ended
Stockholders' Equity - AOCL (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 217,500,000	$ 112,500,000
Other comprehensive income, net of tax	4,000,000.0	4,400,000
Balance at end of period	253,500,000	142,400,000
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(91,700,000)	(72,800,000)
Tax (expense) benefits	0	0
Net amount reclassified to earnings	0	0
Other comprehensive income, net of tax	4,000,000.0	5,000,000.0
Balance at end of period	(87,700,000)	(67,800,000)
Pensions
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(3,600,000)	(2,700,000)
Net change from period revaluations	0	0
Tax (expense) benefits	0	0
Total other comprehensive gain (loss) before reclassifications, net of tax	0	0
Net amount reclassified to earnings	0	0
U.S. tax reform - reclassification to retained earnings upon adoption of ASU No. 2018-02	0	(500,000)
Tax benefit	0	(100,000)
Total amount reclassified from accumulated other comprehensive loss, net of tax	0	(600,000)
Other comprehensive income, net of tax	0	(600,000)
Balance at end of period	$ (3,600,000)	$ (3,300,000)

Other Items (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Accrued Liabilities and Other Liabilities [Abstract]
Taxes	$ 132.4	$ 136.8
Wages and benefits	47.9	43.7
Operating lease obligations	40.7	0.0
Advertising	31.0	46.1
Sales returns	22.7	22.0
Warranty	15.1	14.9
Rebates	8.7	11.6
Other	103.3	84.1
Total accrued liabilities	$ 401.8	$ 359.2

Stock-Based Compensation (Details) - USD ($) shares in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 6,600,000	$ 6,300,000
2017 Aspirational Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense		0
PRSU expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	300,000	800,000
PRSU expense \| 2017 Aspirational Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 650,000,000.0
Percentage of target shares forfeited	33.33%
PRSU expense \| 2019 Aspirational Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 0
Outstanding (in shares)	1.6
PRSU expense \| 2019 Aspirational Plan \| 2018 Target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	50.00%
PRSU expense \| 2019 Aspirational Plan \| 2018 Target \| Adjust EBITDA is $600 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 600,000,000.0
Award vesting percentage	66.00%
PRSU expense \| 2019 Aspirational Plan \| 2018 Target \| Adjusted EBITDA equals or exceeds $650 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 650,000,000.0
Award vesting percentage	100.00%
PRSU expense \| 2019 Aspirational Plan \| 2018 Target \| Adjusted EBITDA is between $600.0 million and $650.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	50.00%
PRSU expense \| 2019 Aspirational Plan \| 2018 Target \| Adjusted EBITDA is less than $600.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 600,000,000.0
PRSU expense \| 2019 Aspirational Plan \| 2017 Target \| Adjust EBITDA is $600 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 600,000,000.0
Award vesting percentage	66.00%
PRSU expense \| 2019 Aspirational Plan \| 2017 Target \| Adjusted EBITDA equals or exceeds $650 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 650,000,000.0
Award vesting percentage	100.00%
PRSU expense \| 2019 Aspirational Plan \| 2017 Target \| Adjusted EBITDA is less than $600.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 600,000,000.0
PRSU expense \| 2019 Aspirational Plan \| First Designated Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized stock-based compensation expense	93,600,000
Option expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,200,000	1,900,000
RSU/DSU expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	5,100,000	$ 3,600,000
Minimum \| PRSU expense \| 2019 Aspirational Plan \| 2018 Target \| Adjusted EBITDA is between $600.0 million and $650.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	600,000,000.0
Minimum \| PRSU expense \| 2019 Aspirational Plan \| 2017 Target \| Adjusted EBITDA is between $600.0 million and $650.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	600,000,000.0
Maximum \| PRSU expense \| 2019 Aspirational Plan \| 2018 Target \| Adjusted EBITDA is between $600.0 million and $650.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	650,000,000.0
Maximum \| PRSU expense \| 2019 Aspirational Plan \| 2017 Target \| Adjusted EBITDA is between $600.0 million and $650.0 million
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum Adjusted EBITDA	$ 650,000,000.0

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

Income Taxes (Details) kr in Millions, $ in Millions	3 Months Ended
Income Taxes (Details) kr in Millions, $ in Millions	Mar. 31, 2019 USD ($)	Mar. 31, 2018	Mar. 31, 2019 DKK (kr)	Dec. 31, 2018 USD ($)	Dec. 31, 2018 DKK (kr)
Income Tax Examination [Line Items]
Effective income tax provision (as a percent)	36.80%	28.10%
Unrecognized tax benefits that would impact effective tax rate	$ 90.7			$ 91.4
Danish Tax Authority (SKAT) \| Foreign Tax Authority
Income Tax Examination [Line Items]
Settlement	127.3		kr 847.3	130.0
Danish Tax Authority (SKAT) \| Foreign Tax Authority \| Tax Years 2001-2011
Income Tax Examination [Line Items]
Accrued tax and interest	144.5		962.3	145.7
Danish Tax Authority (SKAT) \| Foreign Tax Authority \| Tax Years Post 2011
Income Tax Examination [Line Items]
Accrued tax and interest	35.8		kr 238.2	35.3	kr 230.3
Deferred tax assets	$ 4.9			$ 4.2

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Numerator:
Income from continuing operations, net of loss attributable to non-controlling interest	$ 28.8	$ 25.9
Denominator:
Denominator for basic earnings per common share-weighted average shares (in shares)	54.7	54.3
Effect of dilutive securities:
Employee stock-based compensation (in shares)	1.0	0.6
Denominator for diluted earnings per common share-adjusted weighted average shares	55.7	54.9
Basic earnings per share for continuing operations (in dollars per share)	$ 0.53	$ 0.48
Diluted earnings per share for continuing operations (in dollars per share)	$ 0.52	$ 0.47
Shares excluded from diluted earnings per common share computation as anti-dilutive (in shares)	1.2	1.5

Business Segment Information (Details) $ in Millions	3 Months Ended
Business Segment Information (Details) $ in Millions	Mar. 31, 2019 USD ($) segment	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)
Segment Reporting [Abstract]
Number of business segments \| segment	2
Segment Reporting Information [Line Items]
Total assets	$ 2,965.7		$ 2,715.4
Total property, plant and equipment, net	418.5		420.8
Net sales	690.9	$ 637.4
Gross profit	281.8	264.7
Operating income (loss)	60.5	55.7
Income (loss) from continuing operations before income taxes	45.9	35.6
Depreciation and amortization (including stock-based compensation amortization)	28.1	27.1
Capital expenditures	19.1	21.8
Long-lived assets	418.5		420.8
United States
Segment Reporting Information [Line Items]
Long-lived assets	349.4		350.7
Canada
Segment Reporting Information [Line Items]
Long-lived assets	19.0		19.1
Other International
Segment Reporting Information [Line Items]
Long-lived assets	50.1		51.0
Total International
Segment Reporting Information [Line Items]
Net sales	193.7	197.2
Long-lived assets	69.1		70.1
Operating Segments
Segment Reporting Information [Line Items]
Total property, plant and equipment, net	418.5		420.8
Net sales	690.9	637.4
Operating Segments \| United States
Segment Reporting Information [Line Items]
Net sales	497.2	440.2
Operating Segments \| Canada
Segment Reporting Information [Line Items]
Net sales	46.8	44.8
Operating Segments \| International
Segment Reporting Information [Line Items]
Net sales	146.9	152.4
Operating Segments \| Other International
Segment Reporting Information [Line Items]
Net sales	146.9	152.4
Operating Segments \| North America
Segment Reporting Information [Line Items]
Total assets	3,015.1		2,788.1
Total property, plant and equipment, net	316.3		317.5
Net sales	544.0	485.0
Gross profit	204.4	184.0
Operating income (loss)	64.3	54.0
Income (loss) from continuing operations before income taxes	62.4	51.8
Depreciation and amortization (including stock-based compensation amortization)	15.0	13.4
Capital expenditures	12.9	16.8
Operating Segments \| International
Segment Reporting Information [Line Items]
Total assets	632.9		604.8
Total property, plant and equipment, net	50.1		51.1
Net sales	146.9	152.4
Gross profit	77.4	80.7
Operating income (loss)	25.2	28.7
Income (loss) from continuing operations before income taxes	29.8	29.3
Depreciation and amortization (including stock-based compensation amortization)	3.3	3.6
Capital expenditures	2.9	2.9
Corporate
Segment Reporting Information [Line Items]
Total assets	562.9		569.0
Total property, plant and equipment, net	52.1		52.2
Operating income (loss)	(29.0)	(27.0)
Income (loss) from continuing operations before income taxes	(46.3)	(45.5)
Depreciation and amortization (including stock-based compensation amortization)	9.8	10.1
Capital expenditures	3.3	2.1
Inter-segment eliminations
Segment Reporting Information [Line Items]
Total assets	(1,245.2)		$ (1,246.5)
Net sales	(1.3)	(0.8)
Inter-segment eliminations \| North America
Segment Reporting Information [Line Items]
Net sales	1.0	0.6
Inter-segment royalty expense (income)	1.0	0.5
Inter-segment eliminations \| International
Segment Reporting Information [Line Items]
Net sales	0.3	0.2
Inter-segment royalty expense (income)	$ (1.0)	$ (0.5)

Guarantor/Non-Guarantor Financial Information - Narrative (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
2023 Senior Notes
Debt Instrument [Line Items]
Senior notes	$ 450,000,000.0	$ 450,000,000.0
2026 Senior Notes
Debt Instrument [Line Items]
Senior notes	$ 600,000,000.0	$ 600,000,000.0
Tempur Sealy International, Inc. (Ultimate Parent) \| Tempur Sealy International, Inc. (Ultimate Parent)
Debt Instrument [Line Items]
Ownership percentage by parent (in hundredths)	100.00%

Guarantor/Non-Guarantor Financial Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	$ 690.9	$ 637.4
Cost of sales	409.1	372.7
Gross profit	281.8	264.7
Selling and marketing expenses	153.5	145.4
General, administrative and other expenses	70.7	67.5
Equity income in earnings of unconsolidated affiliates	(2.9)	(3.9)
Operating (loss) income	60.5	55.7
Other expense, net:
Third party interest expense, net	22.4	22.7
Intercompany interest (income) expense, net	0.0	0.0
Interest expense, net	22.4	22.7
Other (income) expense, net	(7.8)	(2.6)
Total other expense, net	14.6	20.1
Income from equity investees	0.0	0.0
Income from continuing operations before income taxes	45.9	35.6
Income tax benefit (provision)	(16.9)	(10.0)
Income from continuing operations	29.0	25.6
Loss from discontinued operations, net of tax	(0.4)	(2.8)
Net income before non-controlling interest	28.6	22.8
Less: Net income (loss) attributable to non-controlling interest	0.2	(0.3)
Net income attributable to Tempur Sealy International, Inc.	28.4	23.1
Comprehensive income attributable to Tempur Sealy International, Inc.	32.4	27.5
Current Assets:
Cash and cash equivalents	39.6		$ 45.8
Accounts receivable, net	356.4		321.5
Inventories	239.7		222.3
Prepaid expenses and other current assets	217.3		215.8
Total Current Assets	853.0		805.4
Property, plant and equipment, net	418.5		420.8
Goodwill	725.5		723.0
Other intangible assets, net	646.9		649.3
Operating lease right-of-use assets	191.9		0.0
Deferred income taxes	21.9		22.6
Other non-current assets	108.0		94.3
Net investment in subsidiaries	0.0		0.0
Due from affiliates	0.0		0.0
Total Assets	2,965.7		2,715.4
Current Liabilities:
Accounts payable	245.7		253.0
Accrued expenses and other current liabilities	401.8		359.2
Current portion of long-term debt	55.5		47.1
Income taxes payable	22.5		9.7
Total Current Liabilities	725.5		669.0
Long-term debt, net	1,604.1		1,599.1
Long-term operating lease obligations	157.2		0.0
Deferred income taxes	115.5		117.5
Other non-current liabilities	109.9		112.3
Due to affiliates	0.0		0.0
Total Liabilities	2,712.2		2,497.9
Total Stockholders' Equity	253.5	142.4	217.5	$ 112.5
Total Liabilities and Stockholders' Equity	2,965.7		2,715.4
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in)operating activities from continuing operations	4.6	0.9
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:
Purchases of property, plant and equipment	(19.1)	(21.8)
Debtor-in-possession financing arrangement	(9.5)	0.0
Other	8.3	4.2
Contributions received from (paid to) subsidiaries and affiliates	0.0	0.0
Net cash used in investing activities from continuing operations	(20.3)	(17.6)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:
Proceeds from borrowings under long-term debt obligations	212.6	417.1
Repayments of borrowings under long-term debt obligations	(198.7)	(394.8)
Net activity in investment in and advances from (to) subsidiaries and affiliates	0.0	0.0
Proceeds from exercise of stock options	2.4	1.9
Treasury stock repurchased	(3.7)	(2.9)
Other	(1.6)	(1.8)
Net cash provided by financing activities from continuing operations	11.0	19.5
Net cash (used in) provided by continuing operations	(4.7)	2.8
CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows	(0.7)	(10.6)
Investing cash flows	0.0	0.0
Financing cash flows	0.0	0.0
Net cash used in discontinued operations	(0.7)	(10.6)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(0.8)	0.4
Decrease in cash and cash equivalents	(6.2)	(7.4)
CASH AND CASH EQUIVALENTS, beginning of period	45.8	41.9
CASH AND CASH EQUIVALENTS, end of period	39.6	34.5
Cash and cash equivalents	0.0	1.1
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS	39.6	33.4
Reportable Legal Entities \| Tempur Sealy International, Inc. (Ultimate Parent)
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	0.0	0.0
Cost of sales	0.0	0.0
Gross profit	0.0	0.0
Selling and marketing expenses	2.8	1.9
General, administrative and other expenses	4.3	4.7
Equity income in earnings of unconsolidated affiliates	0.0	0.0
Operating (loss) income	(7.1)	(6.6)
Other expense, net:
Third party interest expense, net	14.1	14.9
Intercompany interest (income) expense, net	(2.6)	(1.8)
Interest expense, net	11.5	13.1
Other (income) expense, net	0.0	0.0
Total other expense, net	11.5	13.1
Income from equity investees	44.3	39.1
Income from continuing operations before income taxes	25.7	19.4
Income tax benefit (provision)	2.9	3.4
Income from continuing operations	28.6	22.8
Loss from discontinued operations, net of tax	0.0	0.0
Net income before non-controlling interest	28.6	22.8
Less: Net income (loss) attributable to non-controlling interest	0.2	(0.3)
Net income attributable to Tempur Sealy International, Inc.	28.4	23.1
Comprehensive income attributable to Tempur Sealy International, Inc.	32.4	27.5
Current Assets:
Cash and cash equivalents	0.3		0.1
Accounts receivable, net	0.0		0.0
Inventories	0.0		0.0
Prepaid expenses and other current assets	282.1		276.9
Total Current Assets	282.4		277.0
Property, plant and equipment, net	0.0		0.0
Goodwill	0.0		0.0
Other intangible assets, net	0.0		0.0
Operating lease right-of-use assets	0.0
Deferred income taxes	13.4		15.0
Other non-current assets	0.6		0.0
Net investment in subsidiaries	710.8		661.7
Due from affiliates	425.4		422.1
Total Assets	1,432.6		1,375.8
Current Liabilities:
Accounts payable	0.0		0.0
Accrued expenses and other current liabilities	20.5		6.7
Current portion of long-term debt	0.0		0.0
Income taxes payable	0.0		0.0
Total Current Liabilities	20.5		6.7
Long-term debt, net	1,043.3		1,043.0
Long-term operating lease obligations	0.0
Deferred income taxes	0.0		0.0
Other non-current liabilities	0.1		1.9
Due to affiliates	115.2		106.7
Total Liabilities	1,179.1		1,158.3
Total Stockholders' Equity	253.5		217.5
Total Liabilities and Stockholders' Equity	1,432.6		1,375.8
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in)operating activities from continuing operations	1.4	1.0
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:
Purchases of property, plant and equipment	0.0	0.0
Debtor-in-possession financing arrangement	0.0
Other	0.0	0.0
Contributions received from (paid to) subsidiaries and affiliates	0.0	0.0
Net cash used in investing activities from continuing operations	0.0	0.0
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:
Proceeds from borrowings under long-term debt obligations	0.0	0.0
Repayments of borrowings under long-term debt obligations	0.0	0.0
Net activity in investment in and advances from (to) subsidiaries and affiliates	0.1	(0.1)
Proceeds from exercise of stock options	2.4	1.9
Treasury stock repurchased	(3.7)	(2.9)
Other	0.0	0.0
Net cash provided by financing activities from continuing operations	(1.2)	(1.1)
Net cash (used in) provided by continuing operations	0.2	(0.1)
CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows	0.0	0.0
Investing cash flows	0.0	0.0
Financing cash flows	0.0	0.0
Net cash used in discontinued operations	0.0	0.0
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.0	0.0
Decrease in cash and cash equivalents	0.2	(0.1)
CASH AND CASH EQUIVALENTS, beginning of period	0.1	0.1
CASH AND CASH EQUIVALENTS, end of period	0.3	0.0
Cash and cash equivalents		0.0
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS		0.0
Reportable Legal Entities \| Combined Guarantor Subsidiaries
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	514.0	440.7
Cost of sales	316.3	266.4
Gross profit	197.7	174.3
Selling and marketing expenses	101.4	93.1
General, administrative and other expenses	52.6	47.5
Equity income in earnings of unconsolidated affiliates	0.0	0.0
Operating (loss) income	43.7	33.7
Other expense, net:
Third party interest expense, net	7.7	6.9
Intercompany interest (income) expense, net	2.4	1.8
Interest expense, net	10.1	8.7
Other (income) expense, net	(3.0)	(2.2)
Total other expense, net	7.1	6.5
Income from equity investees	22.1	19.0
Income from continuing operations before income taxes	58.7	46.2
Income tax benefit (provision)	(14.4)	(7.1)
Income from continuing operations	44.3	39.1
Loss from discontinued operations, net of tax	0.0	0.0
Net income before non-controlling interest	44.3	39.1
Less: Net income (loss) attributable to non-controlling interest	0.0	0.0
Net income attributable to Tempur Sealy International, Inc.	44.3	39.1
Comprehensive income attributable to Tempur Sealy International, Inc.	46.6	38.5
Current Assets:
Cash and cash equivalents	11.3		6.2
Accounts receivable, net	15.1		15.2
Inventories	172.0		159.4
Prepaid expenses and other current assets	65.2		65.4
Total Current Assets	263.6		246.2
Property, plant and equipment, net	349.4		350.7
Goodwill	508.8		508.8
Other intangible assets, net	569.7		572.7
Operating lease right-of-use assets	145.0
Deferred income taxes	0.0		0.0
Other non-current assets	63.1		49.2
Net investment in subsidiaries	166.8		210.0
Due from affiliates	144.9		153.8
Total Assets	2,211.3		2,091.4
Current Liabilities:
Accounts payable	141.6		186.7
Accrued expenses and other current liabilities	166.6		143.9
Current portion of long-term debt	48.0		44.0
Income taxes payable	290.6		274.7
Total Current Liabilities	646.8		649.3
Long-term debt, net	484.8		547.1
Long-term operating lease obligations	124.7
Deferred income taxes	116.6		118.0
Other non-current liabilities	57.0		58.2
Due to affiliates	70.6		57.1
Total Liabilities	1,500.5		1,429.7
Total Stockholders' Equity	710.8		661.7
Total Liabilities and Stockholders' Equity	2,211.3		2,091.4
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in)operating activities from continuing operations	(2.3)	(18.2)
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:
Purchases of property, plant and equipment	(15.9)	(18.7)
Debtor-in-possession financing arrangement	(9.5)
Other	0.1	0.0
Contributions received from (paid to) subsidiaries and affiliates	65.1	35.2
Net cash used in investing activities from continuing operations	39.8	16.5
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:
Proceeds from borrowings under long-term debt obligations	0.0	185.3
Repayments of borrowings under long-term debt obligations	(57.5)	(191.8)
Net activity in investment in and advances from (to) subsidiaries and affiliates	26.7	5.0
Proceeds from exercise of stock options	0.0	0.0
Treasury stock repurchased	0.0	0.0
Other	(1.6)	(1.3)
Net cash provided by financing activities from continuing operations	(32.4)	(2.8)
Net cash (used in) provided by continuing operations	5.1	(4.5)
CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows	0.0	0.0
Investing cash flows	0.0	0.0
Financing cash flows	0.0	0.0
Net cash used in discontinued operations	0.0	0.0
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.0	0.0
Decrease in cash and cash equivalents	5.1	(4.5)
CASH AND CASH EQUIVALENTS, beginning of period	6.2	12.3
CASH AND CASH EQUIVALENTS, end of period	11.3	7.8
Cash and cash equivalents		0.0
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS		7.8
Reportable Legal Entities \| Combined Non-Guarantor Subsidiaries
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	193.3	224.8
Cost of sales	109.2	131.2
Gross profit	84.1	93.6
Selling and marketing expenses	49.4	53.9
General, administrative and other expenses	14.4	16.8
Equity income in earnings of unconsolidated affiliates	(2.9)	(3.9)
Operating (loss) income	23.2	26.8
Other expense, net:
Third party interest expense, net	0.6	1.1
Intercompany interest (income) expense, net	0.2	0.0
Interest expense, net	0.8	1.1
Other (income) expense, net	(5.1)	0.4
Total other expense, net	(4.3)	1.5
Income from equity investees	0.0	0.0
Income from continuing operations before income taxes	27.5	25.3
Income tax benefit (provision)	(5.4)	(6.3)
Income from continuing operations	22.1	19.0
Loss from discontinued operations, net of tax	0.0	0.0
Net income before non-controlling interest	22.1	19.0
Less: Net income (loss) attributable to non-controlling interest	0.2	(0.3)
Net income attributable to Tempur Sealy International, Inc.	21.9	19.3
Comprehensive income attributable to Tempur Sealy International, Inc.	23.6	24.3
Current Assets:
Cash and cash equivalents	28.0		39.5
Accounts receivable, net	294.4		303.3
Inventories	67.7		62.9
Prepaid expenses and other current assets	149.1		148.1
Total Current Assets	539.2		553.8
Property, plant and equipment, net	69.1		70.1
Goodwill	216.7		214.2
Other intangible assets, net	77.2		76.6
Operating lease right-of-use assets	46.9
Deferred income taxes	21.9		22.6
Other non-current assets	44.3		45.1
Net investment in subsidiaries	0.0		0.0
Due from affiliates	15.9		15.4
Total Assets	1,031.2		997.8
Current Liabilities:
Accounts payable	57.2		63.3
Accrued expenses and other current liabilities	214.7		208.6
Current portion of long-term debt	7.5		3.1
Income taxes payable	11.0		9.6
Total Current Liabilities	290.4		284.6
Long-term debt, net	76.0		9.0
Long-term operating lease obligations	32.5
Deferred income taxes	12.3		14.5
Other non-current liabilities	52.8		52.2
Due to affiliates	400.4		427.5
Total Liabilities	864.4		787.8
Total Stockholders' Equity	166.8		210.0
Total Liabilities and Stockholders' Equity	1,031.2		997.8
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in)operating activities from continuing operations	4.8	7.5
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:
Purchases of property, plant and equipment	(3.2)	(3.1)
Debtor-in-possession financing arrangement	0.0
Other	8.2	4.2
Contributions received from (paid to) subsidiaries and affiliates	(65.1)	(35.2)
Net cash used in investing activities from continuing operations	(60.1)	(34.1)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:
Proceeds from borrowings under long-term debt obligations	212.6	231.8
Repayments of borrowings under long-term debt obligations	(141.2)	(203.0)
Net activity in investment in and advances from (to) subsidiaries and affiliates	(26.8)	(4.9)
Proceeds from exercise of stock options	0.0	0.0
Treasury stock repurchased	0.0	0.0
Other	0.0	(0.5)
Net cash provided by financing activities from continuing operations	44.6	23.4
Net cash (used in) provided by continuing operations	(10.7)	(3.2)
CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows	0.0	0.0
Investing cash flows	0.0	0.0
Financing cash flows	0.0	0.0
Net cash used in discontinued operations	0.0	0.0
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(0.8)	0.4
Decrease in cash and cash equivalents	(11.5)	(2.8)
CASH AND CASH EQUIVALENTS, beginning of period	39.5	29.5
CASH AND CASH EQUIVALENTS, end of period	28.0	26.7
Cash and cash equivalents		1.1
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS		25.6
Reclassifications and Eliminations
Supplemental condensed consolidated statements of income and comprehensive income [Abstract]
Net sales	(16.4)	(28.1)
Cost of sales	(16.4)	(24.9)
Gross profit	0.0	(3.2)
Selling and marketing expenses	(0.1)	(3.5)
General, administrative and other expenses	(0.6)	(1.5)
Equity income in earnings of unconsolidated affiliates	0.0	0.0
Operating (loss) income	0.7	1.8
Other expense, net:
Third party interest expense, net	0.0	(0.2)
Intercompany interest (income) expense, net	0.0	0.0
Interest expense, net	0.0	(0.2)
Other (income) expense, net	0.3	(0.8)
Total other expense, net	0.3	(1.0)
Income from equity investees	(66.4)	(58.1)
Income from continuing operations before income taxes	(66.0)	(55.3)
Income tax benefit (provision)	0.0	0.0
Income from continuing operations	(66.0)	(55.3)
Loss from discontinued operations, net of tax	(0.4)	(2.8)
Net income before non-controlling interest	(66.4)	(58.1)
Less: Net income (loss) attributable to non-controlling interest	(0.2)	0.3
Net income attributable to Tempur Sealy International, Inc.	(66.2)	(58.4)
Comprehensive income attributable to Tempur Sealy International, Inc.	(70.2)	(62.8)
Current Assets:
Cash and cash equivalents	0.0		0.0
Accounts receivable, net	46.9		3.0
Inventories	0.0		0.0
Prepaid expenses and other current assets	(279.1)		(274.6)
Total Current Assets	(232.2)		(271.6)
Property, plant and equipment, net	0.0		0.0
Goodwill	0.0		0.0
Other intangible assets, net	0.0		0.0
Operating lease right-of-use assets	0.0
Deferred income taxes	(13.4)		(15.0)
Other non-current assets	0.0		0.0
Net investment in subsidiaries	(877.6)		(871.7)
Due from affiliates	(586.2)		(591.3)
Total Assets	(1,709.4)		(1,749.6)
Current Liabilities:
Accounts payable	46.9		3.0
Accrued expenses and other current liabilities	0.0		0.0
Current portion of long-term debt	0.0		0.0
Income taxes payable	(279.1)		(274.6)
Total Current Liabilities	(232.2)		(271.6)
Long-term debt, net	0.0		0.0
Long-term operating lease obligations	0.0
Deferred income taxes	(13.4)		(15.0)
Other non-current liabilities	0.0		0.0
Due to affiliates	(586.2)		(591.3)
Total Liabilities	(831.8)		(877.9)
Total Stockholders' Equity	(877.6)		(871.7)
Total Liabilities and Stockholders' Equity	(1,709.4)		$ (1,749.6)
Supplemental condensed consolidated statements of cash flows [Abstract]
Net cash provided by (used in)operating activities from continuing operations	0.7	10.6
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:
Purchases of property, plant and equipment	0.0	0.0
Debtor-in-possession financing arrangement	0.0
Other	0.0	0.0
Contributions received from (paid to) subsidiaries and affiliates	0.0	0.0
Net cash used in investing activities from continuing operations	0.0	0.0
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:
Proceeds from borrowings under long-term debt obligations	0.0	0.0
Repayments of borrowings under long-term debt obligations	0.0	0.0
Net activity in investment in and advances from (to) subsidiaries and affiliates	0.0	0.0
Proceeds from exercise of stock options	0.0	0.0
Treasury stock repurchased	0.0	0.0
Other	0.0	0.0
Net cash provided by financing activities from continuing operations	0.0	0.0
Net cash (used in) provided by continuing operations	0.7	10.6
CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows	(0.7)	(10.6)
Investing cash flows	0.0	0.0
Financing cash flows	0.0	0.0
Net cash used in discontinued operations	(0.7)	(10.6)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0.0	0.0
Decrease in cash and cash equivalents	0.0
CASH AND CASH EQUIVALENTS, beginning of period		0.0
CASH AND CASH EQUIVALENTS, end of period	$ 0.0	0.0
Cash and cash equivalents		0.0
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS		$ 0.0

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (3,400,000)
AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	(500,000)
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (2,900,000)