Guarantor/Non-Guarantor Financial Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
Ownership percentage by parent (in hundredths) | 100.00% | ' | 100.00% | ' | ' |
Supplemental condensed consolidated statements of comprehensive income [Abstract] | ' | ' | ' | ' | ' |
Net sales | $735.50 | $347.90 | $1,786.20 | $1,061.80 | ' |
Cost of sales | 436.8 | 176.8 | 1,044.20 | 517.8 | ' |
Gross profit | 298.7 | 171.1 | 742 | 544 | ' |
Selling and marketing expenses | 150.9 | 76.2 | 377.1 | 243.2 | ' |
General, administrative and other expenses | 71.9 | 31.5 | 206.9 | 103.8 | ' |
Equity in earnings of unconsolidated affiliates | ' | ' | -2.3 | 0 | ' |
Royalty income, net of royalty expense | -4.1 | 0 | -9.2 | 0 | ' |
Operating income | 81.2 | 63.4 | 169.7 | 197 | ' |
Other expense (income), net: | ' | ' | ' | ' | ' |
Interest expense, net | 24.6 | 4.8 | 88.2 | 13 | ' |
Other expense (income), net | 0.9 | -0.4 | 4 | -0.4 | ' |
Total other expense | 25.5 | 4.4 | 92.2 | 12.6 | ' |
Income before income taxes | 55.7 | 59 | 77.5 | 184.4 | ' |
Tax (expense) benefit | -15.5 | -61 | -26.9 | -101.1 | ' |
Net income before non-controlling interest | 40.2 | -2 | 50.6 | 83.3 | ' |
Less: Net (loss) attributable to non-controlling interest | 0 | 0 | -0.5 | 0 | ' |
Net (loss) income attributable to Tempur Sealy International, Inc. | 40.2 | -2 | 51.1 | 83.3 | ' |
Comprehensive income | 49.6 | 3 | 43.4 | 82.9 | ' |
Current Assets: | ' | ' | ' | ' | ' |
Cash and cash equivalents | 126.6 | 151.7 | 126.6 | 151.7 | ' |
Accounts receivable, net | 349.3 | ' | 349.3 | ' | 129.8 |
Inventories, net | 182.8 | ' | 182.8 | ' | 93 |
Escrow Receivable | 0 | ' | 0 | ' | 375 |
Prepaid expenses and other current assets | 52.7 | ' | 52.7 | ' | 41.4 |
Deferred income taxes | 39.2 | ' | 39.2 | ' | 2.6 |
Total Current Assets | 750.6 | ' | 750.6 | ' | 821.1 |
Property, plant and equipment, net | 411.6 | ' | 411.6 | ' | 186 |
Goodwill | 756.4 | ' | 756.4 | ' | 216.1 |
Other intangible assets, net | 758.2 | ' | 758.2 | ' | 63.1 |
Deferred tax asset | 9.7 | ' | 9.7 | ' | 10.4 |
Other non-current assets | 75 | ' | 75 | ' | 16.3 |
Total Assets | 2,761.50 | ' | 2,761.50 | ' | 1,313 |
Current Liabilities: | ' | ' | ' | ' | ' |
Accounts payable | 181.7 | ' | 181.7 | ' | 85.8 |
Accrued expenses and other current liabilities | 220.4 | ' | 220.4 | ' | 81.4 |
Deferred income taxes | 0.5 | ' | 0.5 | ' | 26.5 |
Income taxes payable | 33 | ' | 33 | ' | 15.5 |
Current portion of long-term debt | 39.7 | ' | 39.7 | ' | 0 |
Total Current Liabilities | 475.3 | ' | 475.3 | ' | 209.2 |
Long-term debt | 1,820.40 | ' | 1,820.40 | ' | 1,025 |
Deferred income taxes | 287.2 | ' | 287.2 | ' | 31.4 |
Other non-current liabilities | 85.2 | ' | 85.2 | ' | 25.1 |
Total Liabilities | 2,668.10 | ' | 2,668.10 | ' | 1,290.70 |
Total Stockholders' Equity | 82.5 | ' | 82.5 | ' | 22.3 |
Total Liabilities and Stockholders' Equity | 2,761.50 | ' | 2,761.50 | ' | 1,313 |
Supplemental condensed consolidated statements of cash flows [Abstract] | ' | ' | ' | ' | ' |
Net cash provided by operating activities | ' | ' | 104.8 | 153.6 | ' |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' | ' | ' |
Acquisition of businesses, net of cash acquired | ' | ' | -1,172.90 | -3.9 | ' |
Purchases of property, plant and equipment | -9.1 | -17.7 | -28.4 | -38.4 | ' |
Other | ' | ' | 0.9 | 0 | ' |
Net cash used in investing activities | ' | ' | -1,200.40 | -42.3 | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' | ' | ' |
Proceeds from 2012 Credit Agreement | ' | ' | 2,917.60 | 0 | ' |
Repayments of 2012 Credit Agreement | ' | ' | -1,559.10 | 0 | ' |
Proceeds from issuance of Senior Notes | ' | ' | 375 | 0 | ' |
Proceeds from 2011 Credit Agreement | ' | ' | 46.5 | 284.5 | ' |
Repayments of 2011 Credit Agreement | ' | ' | -696.5 | -220 | ' |
Payment of deferred financing costs | ' | ' | -52 | -0.1 | ' |
Proceeds from issuance of common stock | ' | ' | 6 | 10.6 | ' |
Excess tax benefit from stock based compensation | ' | ' | 3.7 | 9.7 | ' |
Treasury stock repurchased | ' | ' | 0 | -152.6 | ' |
Other | ' | ' | -0.7 | -2.5 | ' |
Net cash provided by (used in) financing activities | ' | ' | 1,040.50 | -70.4 | ' |
Net effect of exchange rate changes on cash and cash equivalents | ' | ' | 2.4 | -0.6 | ' |
(Decrease) increase in cash and cash equivalents | ' | ' | -52.7 | 40.3 | ' |
CASH AND CASH EQUIVALENTS, beginning of period | ' | ' | 179.3 | 111.4 | ' |
CASH AND CASH EQUIVALENTS, end of period | 126.6 | 151.7 | 126.6 | 151.7 | ' |
Tempur-Sealy International, Inc. (Ultimate Parent) [Member] | ' | ' | ' | ' | ' |
Supplemental condensed consolidated statements of 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 | 0.7 | -0.5 | 2.1 | 1.4 | ' |
General, administrative and other expenses | 5.5 | -2.8 | 13.7 | 3.5 | ' |
Equity in earnings of unconsolidated affiliates | 0 | 0 | 0 | 0 | ' |
Royalty income, net of royalty expense | 0 | 0 | 0 | 0 | ' |
Operating income | -6.2 | 3.3 | -15.8 | -4.9 | ' |
Other expense (income), net: | ' | ' | ' | ' | ' |
Interest expense, net | 14.7 | 8.3 | 45.4 | 23.1 | ' |
Other expense (income), net | 0 | 0 | 0 | 0 | ' |
Total other expense | 14.7 | 8.3 | 45.4 | 23.1 | ' |
Income from equity investees | 52.8 | 1.2 | 91.3 | 103.8 | ' |
Income before income taxes | 31.9 | -3.8 | 30.1 | 75.8 | ' |
Tax (expense) benefit | 8.3 | 1.8 | 20.5 | 7.5 | ' |
Net income before non-controlling interest | 40.2 | -2 | 50.6 | 83.3 | ' |
Less: Net (loss) attributable to non-controlling interest | 0 | 0 | -0.5 | 0 | ' |
Net (loss) income attributable to Tempur Sealy International, Inc. | 40.2 | -2 | 51.1 | 83.3 | ' |
Comprehensive income | 49.6 | 3 | 43.9 | 82.9 | ' |
Current Assets: | ' | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 | ' |
Accounts receivable, net | 0 | ' | 0 | ' | 0 |
Inventories, net | 0 | ' | 0 | ' | 0 |
Escrow Receivable | 0 | ' | 0 | ' | 375 |
Income taxes payable | 112 | ' | 112 | ' | ' |
Prepaid expenses and other current assets | 0.3 | ' | 0.3 | ' | 86.2 |
Deferred income taxes | 10 | ' | 10 | ' | 11.7 |
Total Current Assets | 122.3 | ' | 122.3 | ' | 472.9 |
Property, plant and equipment, net | 0 | ' | 0 | ' | 0 |
Goodwill | 0 | ' | 0 | ' | 0 |
Other intangible assets, net | 0 | ' | 0 | ' | 0 |
Deferred tax asset | 0 | ' | 0 | ' | 0 |
Other non-current assets | 7.8 | ' | 7.8 | ' | 0 |
Net investment in subsidiaries | 732.8 | ' | 732.8 | ' | 1,213 |
Due from affiliates | 1,309.90 | ' | 1,309.90 | ' | 28 |
Total Assets | 2,172.80 | ' | 2,172.80 | ' | 1,713.90 |
Current Liabilities: | ' | ' | ' | ' | ' |
Accounts payable | 0 | ' | 0 | ' | 0 |
Accrued expenses and other current liabilities | 7.8 | ' | 7.8 | ' | 0.2 |
Deferred income taxes | 0 | ' | 0 | ' | 0 |
Income taxes payable | 0 | ' | 0 | ' | 0 |
Current portion of long-term debt | 0 | ' | 0 | ' | ' |
Total Current Liabilities | 7.8 | ' | 7.8 | ' | 0.2 |
Long-term debt | 375 | ' | 375 | ' | 375 |
Deferred income taxes | 0 | ' | 0 | ' | 0 |
Other non-current liabilities | 0 | ' | 0 | ' | 0 |
Due to affiliates | 1,696.60 | ' | 1,696.60 | ' | 1,316.40 |
Total Liabilities | 2,079.40 | ' | 2,079.40 | ' | 1,691.60 |
Redeemable non-controlling interest | 10.9 | ' | 10.9 | ' | ' |
Total Stockholders' Equity | 82.5 | ' | 82.5 | ' | 22.3 |
Total Liabilities and Stockholders' Equity | 2,172.80 | ' | 2,172.80 | ' | 1,713.90 |
Supplemental condensed consolidated statements of cash flows [Abstract] | ' | ' | ' | ' | ' |
Net cash provided by operating activities | ' | ' | -44.4 | -20.5 | ' |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' | ' | ' |
Acquisition of businesses, net of cash acquired | ' | ' | 0 | 0 | ' |
Purchases of property, plant and equipment | ' | ' | 0 | 0 | ' |
Other | ' | ' | 0 | 0 | ' |
Net cash used in investing activities | ' | ' | 0 | 0 | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' | ' | ' |
Proceeds from 2012 Credit Agreement | ' | ' | 0 | 0 | ' |
Repayments of 2012 Credit Agreement | ' | ' | 0 | 0 | ' |
Proceeds from issuance of Senior Notes | ' | ' | 375 | ' | ' |
Proceeds from 2011 Credit Agreement | ' | ' | 0 | 0 | ' |
Repayments of 2011 Credit Agreement | ' | ' | 0 | 0 | ' |
Net activity in investment in and advances from (to) subsidiaries and affiliates | ' | ' | -797.1 | 166.6 | ' |
Payment of deferred financing costs | ' | ' | -8.4 | 0 | ' |
Proceeds from issuance of common stock | ' | ' | 6 | 10.6 | ' |
Excess tax benefit from stock based compensation | ' | ' | 3.7 | 9.7 | ' |
Treasury stock repurchased | ' | ' | 465.2 | -152.6 | ' |
Other | ' | ' | 0 | 0 | ' |
Net cash provided by (used in) financing activities | ' | ' | 44.4 | 34.3 | ' |
Net effect of exchange rate changes on cash and cash equivalents | ' | ' | 0 | 0 | ' |
(Decrease) increase 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 | ' |
Combined Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' |
Supplemental condensed consolidated statements of comprehensive income [Abstract] | ' | ' | ' | ' | ' |
Net sales | 543 | 234.4 | 1,281.80 | 723.6 | ' |
Cost of sales | 339.1 | 132.4 | 805.7 | 383.4 | ' |
Gross profit | 203.9 | 102 | 476.1 | 340.2 | ' |
Selling and marketing expenses | 111.6 | 47.3 | 264.3 | 148.8 | ' |
General, administrative and other expenses | 45.8 | 23.2 | 137.9 | 67.8 | ' |
Equity in earnings of unconsolidated affiliates | 0 | 0 | 0 | 0 | ' |
Royalty income, net of royalty expense | -4.1 | 0 | -9.2 | 0 | ' |
Operating income | 50.6 | 31.5 | 83.1 | 123.6 | ' |
Other expense (income), net: | ' | ' | ' | ' | ' |
Interest expense, net | 8.9 | -3.7 | 40.6 | -10.5 | ' |
Other expense (income), net | 0 | 0 | -0.3 | 0 | ' |
Total other expense | 8.9 | -3.7 | 40.3 | -10.5 | ' |
Income from equity investees | 25.3 | 21.7 | 71.6 | 62.7 | ' |
Income before income taxes | 67 | 56.9 | 114.4 | 196.8 | ' |
Tax (expense) benefit | -14.2 | -55.7 | -23.1 | -93 | ' |
Net income before non-controlling interest | 52.8 | 1.2 | 91.3 | 103.8 | ' |
Less: Net (loss) attributable to non-controlling interest | 0 | 0 | -0.5 | 0 | ' |
Net (loss) income attributable to Tempur Sealy International, Inc. | 52.8 | 1.2 | 91.8 | 103.8 | ' |
Comprehensive income | 52.8 | 0.7 | 92.4 | 102.4 | ' |
Current Assets: | ' | ' | ' | ' | ' |
Cash and cash equivalents | 61.9 | 14.5 | 61.9 | 14.5 | ' |
Accounts receivable, net | 197.4 | ' | 197.4 | ' | 57.1 |
Inventories, net | 131.2 | ' | 131.2 | ' | 55.7 |
Escrow Receivable | 0 | ' | 0 | ' | 0 |
Income taxes payable | 0 | ' | 0 | ' | ' |
Prepaid expenses and other current assets | 37.9 | ' | 37.9 | ' | 26.4 |
Deferred income taxes | 24.5 | ' | 24.5 | ' | 0 |
Total Current Assets | 452.9 | ' | 452.9 | ' | 158.4 |
Property, plant and equipment, net | 335.3 | ' | 335.3 | ' | 132.7 |
Goodwill | 575.5 | ' | 575.5 | ' | 89.9 |
Other intangible assets, net | 628 | ' | 628 | ' | 42.9 |
Deferred tax asset | 0 | ' | 0 | ' | 0 |
Other non-current assets | 50.8 | ' | 50.8 | ' | 13.4 |
Net investment in subsidiaries | 0 | ' | 0 | ' | 300.2 |
Due from affiliates | 2,345.80 | ' | 2,345.80 | ' | 1,460 |
Total Assets | 4,388.30 | ' | 4,388.30 | ' | 2,197.50 |
Current Liabilities: | ' | ' | ' | ' | ' |
Accounts payable | 140.1 | ' | 140.1 | ' | 60 |
Accrued expenses and other current liabilities | 150.3 | ' | 150.3 | ' | 46.2 |
Deferred income taxes | 0 | ' | 0 | ' | 37.6 |
Income taxes payable | 131.7 | ' | 131.7 | ' | 89.3 |
Current portion of long-term debt | 36.5 | ' | 36.5 | ' | ' |
Total Current Liabilities | 458.6 | ' | 458.6 | ' | 233.1 |
Long-term debt | 1,445.40 | ' | 1,445.40 | ' | 650 |
Deferred income taxes | 252.3 | ' | 252.3 | ' | 28.9 |
Other non-current liabilities | 78.5 | ' | 78.5 | ' | 23.5 |
Due to affiliates | 1,420.70 | ' | 1,420.70 | ' | 49 |
Total Liabilities | 3,655.50 | ' | 3,655.50 | ' | 984.5 |
Redeemable non-controlling interest | 10.9 | ' | 10.9 | ' | ' |
Total Stockholders' Equity | 721.9 | ' | 721.9 | ' | 1,213 |
Total Liabilities and Stockholders' Equity | 4,388.30 | ' | 4,388.30 | ' | 2,197.50 |
Supplemental condensed consolidated statements of cash flows [Abstract] | ' | ' | ' | ' | ' |
Net cash provided by operating activities | ' | ' | 80.9 | 41.1 | ' |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' | ' | ' |
Acquisition of businesses, net of cash acquired | ' | ' | -1,035.30 | 11.8 | ' |
Purchases of property, plant and equipment | ' | ' | -20.4 | -27.6 | ' |
Other | ' | ' | -53 | 0 | ' |
Net cash used in investing activities | ' | ' | -1,108.70 | -15.8 | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' | ' | ' |
Proceeds from 2012 Credit Agreement | ' | ' | 2,917.60 | 284.5 | ' |
Repayments of 2012 Credit Agreement | ' | ' | -1,559.10 | -220 | ' |
Proceeds from issuance of Senior Notes | ' | ' | 0 | ' | ' |
Proceeds from 2011 Credit Agreement | ' | ' | 46.5 | 0 | ' |
Repayments of 2011 Credit Agreement | ' | ' | -696.5 | 0 | ' |
Net activity in investment in and advances from (to) subsidiaries and affiliates | ' | ' | 871.6 | -167.7 | ' |
Payment of deferred financing costs | ' | ' | -43.6 | 0 | ' |
Proceeds from issuance of common stock | ' | ' | 0 | 0 | ' |
Excess tax benefit from stock based compensation | ' | ' | 0 | 0 | ' |
Treasury stock repurchased | ' | ' | -465.2 | 0 | ' |
Other | ' | ' | -0.8 | 0 | ' |
Net cash provided by (used in) financing activities | ' | ' | 1,070.50 | -103.2 | ' |
Net effect of exchange rate changes on cash and cash equivalents | ' | ' | 0 | 0 | ' |
(Decrease) increase in cash and cash equivalents | ' | ' | 42.7 | 3.7 | ' |
CASH AND CASH EQUIVALENTS, beginning of period | ' | ' | 19.2 | 10.8 | ' |
CASH AND CASH EQUIVALENTS, end of period | 61.9 | 14.5 | 61.9 | 14.5 | ' |
Combined Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' |
Supplemental condensed consolidated statements of comprehensive income [Abstract] | ' | ' | ' | ' | ' |
Net sales | 198.4 | 120.6 | 521.8 | 358.2 | ' |
Cost of sales | 103.6 | 51.5 | 255.9 | 154.4 | ' |
Gross profit | 94.8 | 69.1 | 265.9 | 203.8 | ' |
Selling and marketing expenses | 38.6 | 29.4 | 110.7 | 93 | ' |
General, administrative and other expenses | 20.6 | 11.1 | 55.3 | 32.5 | ' |
Equity in earnings of unconsolidated affiliates | -1.2 | 0 | -2.5 | 0 | ' |
Royalty income, net of royalty expense | 0 | 0 | 0 | 0 | ' |
Operating income | 36.8 | 28.6 | 102.4 | 78.3 | ' |
Other expense (income), net: | ' | ' | ' | ' | ' |
Interest expense, net | 1 | 0.2 | 2.2 | 0.4 | ' |
Other expense (income), net | 0.9 | -0.4 | 4.3 | -0.4 | ' |
Total other expense | 1.9 | -0.2 | 6.5 | 0 | ' |
Income from equity investees | 0 | 0 | 0 | 0 | ' |
Income before income taxes | 34.9 | 28.8 | 95.9 | 78.3 | ' |
Tax (expense) benefit | -9.6 | -7.1 | -24.3 | -15.6 | ' |
Net income before non-controlling interest | 25.3 | 21.7 | 71.6 | 62.7 | ' |
Less: Net (loss) attributable to non-controlling interest | 0 | 0 | 0 | 0 | ' |
Net (loss) income attributable to Tempur Sealy International, Inc. | 25.3 | 21.7 | 71.6 | 62.7 | ' |
Comprehensive income | 34.6 | 27.2 | 66.4 | 75.2 | ' |
Current Assets: | ' | ' | ' | ' | ' |
Cash and cash equivalents | 64.7 | 137.2 | 64.7 | 137.2 | ' |
Accounts receivable, net | 151.9 | ' | 151.9 | ' | 72.7 |
Inventories, net | 51.6 | ' | 51.6 | ' | 37.3 |
Escrow Receivable | 0 | ' | 0 | ' | 0 |
Income taxes payable | 0 | ' | 0 | ' | ' |
Prepaid expenses and other current assets | 14.5 | ' | 14.5 | ' | 15 |
Deferred income taxes | 4.7 | ' | 4.7 | ' | 2.6 |
Total Current Assets | 287.4 | ' | 287.4 | ' | 287.7 |
Property, plant and equipment, net | 76.3 | ' | 76.3 | ' | 53.3 |
Goodwill | 180.9 | ' | 180.9 | ' | 126.2 |
Other intangible assets, net | 130.2 | ' | 130.2 | ' | 20.2 |
Deferred tax asset | 9.7 | ' | 9.7 | ' | 10.4 |
Other non-current assets | 16.4 | ' | 16.4 | ' | 2.9 |
Net investment in subsidiaries | 0 | ' | 0 | ' | 0 |
Due from affiliates | 0.8 | ' | 0.8 | ' | 3.4 |
Total Assets | 701.7 | ' | 701.7 | ' | 504.1 |
Current Liabilities: | ' | ' | ' | ' | ' |
Accounts payable | 41.6 | ' | 41.6 | ' | 25.8 |
Accrued expenses and other current liabilities | 62.3 | ' | 62.3 | ' | 35 |
Deferred income taxes | 0.5 | ' | 0.5 | ' | 0.6 |
Income taxes payable | 13.3 | ' | 13.3 | ' | 12.4 |
Current portion of long-term debt | 3.2 | ' | 3.2 | ' | ' |
Total Current Liabilities | 120.9 | ' | 120.9 | ' | 73.8 |
Long-term debt | 0 | ' | 0 | ' | 0 |
Deferred income taxes | 34.9 | ' | 34.9 | ' | 2.5 |
Other non-current liabilities | 6.7 | ' | 6.7 | ' | 1.6 |
Due to affiliates | 959.1 | ' | 959.1 | ' | 126 |
Total Liabilities | 1,121.60 | ' | 1,121.60 | ' | 203.9 |
Redeemable non-controlling interest | 0 | ' | 0 | ' | ' |
Total Stockholders' Equity | -419.9 | ' | -419.9 | ' | 300.2 |
Total Liabilities and Stockholders' Equity | 701.7 | ' | 701.7 | ' | 504.1 |
Supplemental condensed consolidated statements of cash flows [Abstract] | ' | ' | ' | ' | ' |
Net cash provided by operating activities | ' | ' | 68.3 | 62.7 | ' |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' | ' | ' |
Acquisition of businesses, net of cash acquired | ' | ' | -137.6 | -15.7 | ' |
Purchases of property, plant and equipment | ' | ' | -8 | -10.8 | ' |
Other | ' | ' | 53.9 | 0 | ' |
Net cash used in investing activities | ' | ' | -91.7 | -26.5 | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' | ' | ' |
Proceeds from 2012 Credit Agreement | ' | ' | 0 | 0 | ' |
Repayments of 2012 Credit Agreement | ' | ' | 0 | 0 | ' |
Proceeds from issuance of Senior Notes | ' | ' | 0 | ' | ' |
Proceeds from 2011 Credit Agreement | ' | ' | 0 | 0 | ' |
Repayments of 2011 Credit Agreement | ' | ' | 0 | 0 | ' |
Net activity in investment in and advances from (to) subsidiaries and affiliates | ' | ' | -74.5 | 1.1 | ' |
Payment of deferred financing costs | ' | ' | 0 | -0.1 | ' |
Proceeds from issuance of common stock | ' | ' | 0 | 0 | ' |
Excess tax benefit from stock based compensation | ' | ' | 0 | 0 | ' |
Treasury stock repurchased | ' | ' | 0 | 0 | ' |
Other | ' | ' | 0.1 | -2.5 | ' |
Net cash provided by (used in) financing activities | ' | ' | -74.4 | -1.5 | ' |
Net effect of exchange rate changes on cash and cash equivalents | ' | ' | 2.4 | -0.6 | ' |
(Decrease) increase in cash and cash equivalents | ' | ' | -95.4 | 36.6 | ' |
CASH AND CASH EQUIVALENTS, beginning of period | ' | ' | 160.1 | 100.6 | ' |
CASH AND CASH EQUIVALENTS, end of period | 64.7 | 137.2 | 64.7 | 137.2 | ' |
Eliminations [Member] | ' | ' | ' | ' | ' |
Supplemental condensed consolidated statements of comprehensive income [Abstract] | ' | ' | ' | ' | ' |
Net sales | -5.9 | -7.1 | -17.4 | -20 | ' |
Cost of sales | -5.9 | -7.1 | -17.4 | -20 | ' |
Gross profit | 0 | 0 | 0 | 0 | ' |
Selling and marketing expenses | 0 | 0 | 0 | 0 | ' |
General, administrative and other expenses | 0 | 0 | 0 | 0 | ' |
Equity in earnings of unconsolidated affiliates | 0 | 0 | 0 | 0 | ' |
Royalty income, net of royalty expense | 0 | 0 | 0 | 0 | ' |
Operating income | 0 | 0 | 0 | 0 | ' |
Other expense (income), net: | ' | ' | ' | ' | ' |
Interest expense, net | 0 | 0 | 0 | 0 | ' |
Other expense (income), net | 0 | 0 | 0 | 0 | ' |
Total other expense | 0 | 0 | 0 | 0 | ' |
Income from equity investees | -78.1 | -22.9 | -162.9 | -166.5 | ' |
Income before income taxes | -78.1 | -22.9 | -162.9 | -166.5 | ' |
Tax (expense) benefit | 0 | 0 | 0 | 0 | ' |
Net income before non-controlling interest | -78.1 | -22.9 | -162.9 | -166.5 | ' |
Less: Net (loss) attributable to non-controlling interest | 0 | 0 | 0.5 | 0 | ' |
Net (loss) income attributable to Tempur Sealy International, Inc. | -78.1 | -22.9 | -163.4 | -166.5 | ' |
Comprehensive income | -87.4 | -27.9 | -158.8 | -177.6 | ' |
Current Assets: | ' | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 | ' |
Accounts receivable, net | 0 | ' | 0 | ' | 0 |
Inventories, net | 0 | ' | 0 | ' | 0 |
Escrow Receivable | 0 | ' | 0 | ' | 0 |
Income taxes payable | -112 | ' | -112 | ' | ' |
Prepaid expenses and other current assets | 0 | ' | 0 | ' | -86.2 |
Deferred income taxes | 0 | ' | 0 | ' | -11.7 |
Total Current Assets | -112 | ' | -112 | ' | -97.9 |
Property, plant and equipment, net | 0 | ' | 0 | ' | 0 |
Goodwill | 0 | ' | 0 | ' | 0 |
Other intangible assets, net | 0 | ' | 0 | ' | 0 |
Deferred tax asset | 0 | ' | 0 | ' | 0 |
Other non-current assets | 0 | ' | 0 | ' | 0 |
Net investment in subsidiaries | -732.8 | ' | -732.8 | ' | -1,513.20 |
Due from affiliates | -3,656.50 | ' | -3,656.50 | ' | -1,491.40 |
Total Assets | -4,501.30 | ' | -4,501.30 | ' | -3,102.50 |
Current Liabilities: | ' | ' | ' | ' | ' |
Accounts payable | 0 | ' | 0 | ' | 0 |
Accrued expenses and other current liabilities | 0 | ' | 0 | ' | 0 |
Deferred income taxes | 0 | ' | 0 | ' | -11.7 |
Income taxes payable | -112 | ' | -112 | ' | -86.2 |
Current portion of long-term debt | 0 | ' | 0 | ' | ' |
Total Current Liabilities | -112 | ' | -112 | ' | -97.9 |
Long-term debt | 0 | ' | 0 | ' | 0 |
Deferred income taxes | 0 | ' | 0 | ' | 0 |
Other non-current liabilities | 0 | ' | 0 | ' | 0 |
Due to affiliates | -4,076.40 | ' | -4,076.40 | ' | -1,491.40 |
Total Liabilities | -4,188.40 | ' | -4,188.40 | ' | -1,589.30 |
Redeemable non-controlling interest | -10.9 | ' | -10.9 | ' | ' |
Total Stockholders' Equity | -302 | ' | -302 | ' | -1,513.20 |
Total Liabilities and Stockholders' Equity | -4,501.30 | ' | -4,501.30 | ' | -3,102.50 |
Supplemental condensed consolidated statements of cash flows [Abstract] | ' | ' | ' | ' | ' |
Net cash provided by operating activities | ' | ' | 0 | 0 | ' |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' | ' | ' |
Acquisition of businesses, net of cash acquired | ' | ' | 0 | 0 | ' |
Purchases of property, plant and equipment | ' | ' | 0 | 0 | ' |
Other | ' | ' | 0 | 0 | ' |
Net cash used in investing activities | ' | ' | 0 | 0 | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' | ' | ' |
Proceeds from 2012 Credit Agreement | ' | ' | 0 | 0 | ' |
Repayments of 2012 Credit Agreement | ' | ' | 0 | 0 | ' |
Proceeds from issuance of Senior Notes | ' | ' | 0 | ' | ' |
Proceeds from 2011 Credit Agreement | ' | ' | 0 | 0 | ' |
Repayments of 2011 Credit Agreement | ' | ' | 0 | 0 | ' |
Net activity in investment in and advances from (to) subsidiaries and affiliates | ' | ' | 0 | 0 | ' |
Payment of deferred financing costs | ' | ' | 0 | 0 | ' |
Proceeds from issuance of common stock | ' | ' | 0 | 0 | ' |
Excess tax benefit from stock based compensation | ' | ' | 0 | 0 | ' |
Treasury stock repurchased | ' | ' | 0 | 0 | ' |
Other | ' | ' | 0 | 0 | ' |
Net cash provided by (used in) financing activities | ' | ' | 0 | 0 | ' |
Net effect of exchange rate changes on cash and cash equivalents | ' | ' | 0 | 0 | ' |
(Decrease) increase 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 | ' |
Consolidated [Member] | ' | ' | ' | ' | ' |
Supplemental condensed consolidated statements of comprehensive income [Abstract] | ' | ' | ' | ' | ' |
Net sales | 735.5 | 347.9 | 1,786.20 | 1,061.80 | ' |
Cost of sales | 436.8 | 176.8 | 1,044.20 | 517.8 | ' |
Gross profit | 298.7 | 171.1 | 742 | 544 | ' |
Selling and marketing expenses | 150.9 | 76.2 | 377.1 | 243.2 | ' |
General, administrative and other expenses | 71.9 | 31.5 | 206.9 | 103.8 | ' |
Equity in earnings of unconsolidated affiliates | -1.2 | 0 | -2.5 | 0 | ' |
Royalty income, net of royalty expense | -4.1 | 0 | -9.2 | 0 | ' |
Operating income | 81.2 | 63.4 | 169.7 | 197 | ' |
Other expense (income), net: | ' | ' | ' | ' | ' |
Interest expense, net | 24.6 | 4.8 | 88.2 | 13 | ' |
Other expense (income), net | 0.9 | -0.4 | 4 | -0.4 | ' |
Total other expense | 25.5 | 4.4 | 92.2 | 12.6 | ' |
Income from equity investees | 0 | 0 | 0 | 0 | ' |
Income before income taxes | 55.7 | 59 | 77.5 | 184.4 | ' |
Tax (expense) benefit | -15.5 | -61 | -26.9 | -101.1 | ' |
Net income before non-controlling interest | 40.2 | -2 | 50.6 | 83.3 | ' |
Less: Net (loss) attributable to non-controlling interest | 0 | 0 | -0.5 | 0 | ' |
Net (loss) income attributable to Tempur Sealy International, Inc. | 40.2 | -2 | 51.1 | 83.3 | ' |
Comprehensive income | 49.6 | 3 | 43.9 | 82.9 | ' |
Current Assets: | ' | ' | ' | ' | ' |
Cash and cash equivalents | 126.6 | 151.7 | 126.6 | 151.7 | ' |
Accounts receivable, net | 349.3 | ' | 349.3 | ' | 129.8 |
Inventories, net | 182.8 | ' | 182.8 | ' | 93 |
Escrow Receivable | 0 | ' | 0 | ' | 375 |
Income taxes payable | 0 | ' | 0 | ' | ' |
Prepaid expenses and other current assets | 52.7 | ' | 52.7 | ' | 41.4 |
Deferred income taxes | 39.2 | ' | 39.2 | ' | 2.6 |
Total Current Assets | 750.6 | ' | 750.6 | ' | 821.1 |
Property, plant and equipment, net | 411.6 | ' | 411.6 | ' | 186 |
Goodwill | 756.4 | ' | 756.4 | ' | 216.1 |
Other intangible assets, net | 758.2 | ' | 758.2 | ' | 63.1 |
Deferred tax asset | 9.7 | ' | 9.7 | ' | 10.4 |
Other non-current assets | 75 | ' | 75 | ' | 16.3 |
Net investment in subsidiaries | 0 | ' | 0 | ' | 0 |
Due from affiliates | 0 | ' | 0 | ' | 0 |
Total Assets | 2,761.50 | ' | 2,761.50 | ' | 1,313 |
Current Liabilities: | ' | ' | ' | ' | ' |
Accounts payable | 181.7 | ' | 181.7 | ' | 85.8 |
Accrued expenses and other current liabilities | 220.4 | ' | 220.4 | ' | 81.4 |
Deferred income taxes | 0.5 | ' | 0.5 | ' | 26.5 |
Income taxes payable | 33 | ' | 33 | ' | 15.5 |
Current portion of long-term debt | 39.7 | ' | 39.7 | ' | ' |
Total Current Liabilities | 475.3 | ' | 475.3 | ' | 209.2 |
Long-term debt | 1,820.40 | ' | 1,820.40 | ' | 1,025 |
Deferred income taxes | 287.2 | ' | 287.2 | ' | 31.4 |
Other non-current liabilities | 85.2 | ' | 85.2 | ' | 25.1 |
Due to affiliates | 0 | ' | 0 | ' | 0 |
Total Liabilities | 2,668.10 | ' | 2,668.10 | ' | 1,290.70 |
Redeemable non-controlling interest | 10.9 | ' | 10.9 | ' | ' |
Total Stockholders' Equity | 82.5 | ' | 82.5 | ' | 22.3 |
Total Liabilities and Stockholders' Equity | 2,761.50 | ' | 2,761.50 | ' | 1,313 |
Supplemental condensed consolidated statements of cash flows [Abstract] | ' | ' | ' | ' | ' |
Net cash provided by operating activities | ' | ' | 104.8 | 83.3 | ' |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' | ' | ' |
Acquisition of businesses, net of cash acquired | ' | ' | -1,172.90 | -3.9 | ' |
Purchases of property, plant and equipment | ' | ' | -28.4 | -38.4 | ' |
Other | ' | ' | 0.9 | 0 | ' |
Net cash used in investing activities | ' | ' | -1,200.40 | -42.3 | ' |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' | ' | ' |
Proceeds from 2012 Credit Agreement | ' | ' | 2,917.60 | 284.5 | ' |
Repayments of 2012 Credit Agreement | ' | ' | -1,559.10 | -220 | ' |
Proceeds from issuance of Senior Notes | ' | ' | 375 | ' | ' |
Proceeds from 2011 Credit Agreement | ' | ' | 46.5 | 0 | ' |
Repayments of 2011 Credit Agreement | ' | ' | -696.5 | 0 | ' |
Net activity in investment in and advances from (to) subsidiaries and affiliates | ' | ' | 0 | 0 | ' |
Payment of deferred financing costs | ' | ' | -52 | -0.1 | ' |
Proceeds from issuance of common stock | ' | ' | 6 | 10.6 | ' |
Excess tax benefit from stock based compensation | ' | ' | 3.7 | 9.7 | ' |
Treasury stock repurchased | ' | ' | 0 | -152.6 | ' |
Other | ' | ' | -0.7 | -2.5 | ' |
Net cash provided by (used in) financing activities | ' | ' | 1,040.50 | -70.4 | ' |
Net effect of exchange rate changes on cash and cash equivalents | ' | ' | 2.4 | -0.6 | ' |
(Decrease) increase in cash and cash equivalents | ' | ' | -52.7 | 40.3 | ' |
CASH AND CASH EQUIVALENTS, beginning of period | ' | ' | 179.3 | 111.4 | ' |
CASH AND CASH EQUIVALENTS, end of period | $126.60 | $151.70 | $126.60 | $151.70 | ' |