Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2013	Feb. 21, 2014	Jun. 28, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	TEMPUR SEALY INTERNATIONAL, INC.
Entity Central Index Key	0001206264
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 2,620,902,918
Entity Common Stock, Shares Outstanding		60,640,581
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2013

CONSOLIDATED STATEMENTS OF INCOME (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Statement [Abstract]
Net sales	$ 2,464.3	$ 1,402.9	$ 1,417.9
Cost of sales	1,449.4	688.3	674.8
Gross profit	1,014.9	714.6	743.1
Selling and marketing expenses	522.9	319.1	276.9
General, administrative and other expenses	266.3	147.2	125.7
Equity income in earnings of unconsolidated affiliates	(4.4)	0	0
Royalty income, net of royalty expense	(13.7)	0	0
Operating income	243.8	248.3	340.5
Other expense, net:
Interest expense, net	110.8	18.8	11.9
Other expense, net	5.0	0.3	0.2
Total other expense	115.8	19.1	12.1
Income before income taxes	128.0	229.2	328.4
Income tax provision	(49.1)	(122.4)	(108.8)
Net income before non-controlling interest	78.9	106.8	219.6
Less: net income attributable to non-controlling interest	0.3	0	0
Net income attributable to Tempur Sealy International, Inc.	$ 78.6	$ 106.8	$ 219.6
Earnings per common share:
Basic (in dollars per share)	$ 1.30	$ 1.74	$ 3.27
Diluted (in dollars per share)	$ 1.28	$ 1.70	$ 3.18
Weighted average common shares outstanding:
Basic (in shares)	60.3	61.5	67.1
Diluted (in shares)	61.6	62.9	69.1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Statement of Other Comprehensive Income [Abstract]
Net income before non-controlling interest	$ 78.9	$ 106.8	$ 219.6
Other comprehensive (loss) income before tax, net of tax:
Foreign currency translation adjustments, net of tax	(10.6)	8.2	(7.8)
Net change in unrecognized (loss) on interest rate swap, net of tax	1.3	(1.1)	(0.7)
Pension benefits, net of tax	3.2	0	0
Other comprehensive (loss) income, net of tax	(6.1)	7.1	(8.5)
Comprehensive income	72.8	113.9	211.1
Less: Comprehensive income attributable to non-controlling interest	0.3	0	0
Comprehensive income attributable to Tempur Sealy International, Inc.	$ 72.5	$ 113.9	$ 211.1

CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Current Assets:
Cash and cash equivalents	$ 81.0	$ 179.3
Accounts receivable, net	349.2	136.3
Inventories	199.2	93.0
Receivable from escrow	0	375.0
Prepaid expenses and other current assets	53.7	41.4
Deferred income taxes	44.4	2.6
Total Current Assets	727.5	827.6
Property, plant and equipment, net	411.6	186.0
Goodwill	759.6	216.1
Other intangible assets, net	750.1	63.1
Deferred income taxes	10.9	10.4
Other non-current assets	70.2	16.3
Total Assets	2,729.9	1,319.5
Current Liabilities:
Accounts payable	191.2	85.8
Accrued expenses and other current liabilities	208.4	87.9
Deferred income taxes	0.8	26.5
Income taxes payable	1.5	15.5
Current portion of long term debt	39.6	0
Total Current Liabilities	441.5	215.7
Long-term debt	1,796.9	1,025.0
Deferred income taxes	286.1	31.4
Other non-current liabilities	75.3	25.1
Total Liabilities	2,599.8	1,297.2
Redeemable non-controlling interest	11.5
Stockholders' Equity:
Common stock, $0.01 par value, 300.0 shares authorized; 99.2 shares issued as of December 31, 2013 and 2012	1.0	1.0
Additional paid in capital	396.5	379.0
Retained earnings	927.9	849.3
Accumulated other comprehensive loss	(13.7)	(7.6)
Treasury stock at cost; 38.6 and 39.5 shares as of December 31, 2013 and 2012, respectively	(1,193.1)	(1,199.4)
Total Stockholders' Equity	118.6	22.3
Total Liabilities and Stockholders' Equity	$ 2,729.9	$ 1,319.5

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Stockholders' Equity:
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	300,000,000	300,000,000
Common Stock, shares issued (in shares)	99,200,000	99,200,000
Treasury stock, shares (in shares)	38,600,000	39,500,000

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) In Millions, unless otherwise specified	Total	Redeemable non-controlling interest	Common Shares	Treasury Shares	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
Balance at Dec. 31, 2010	$ 126.0		$ 1.0	$ (712.6)	$ 320.9	$ 522.9	$ (6.2)
Balance at Dec. 31, 2010		0
Balance (in shares) at Dec. 31, 2010			99.2	30.7
Comprehensive Income:
Net income	219.6					219.6
Net income attributable to non-controlling interest	0
Adjustment to pension liability, net of tax of ($2.0)	0
Derivative instruments accounted for as hedges, net of reclassification adjustment and tax	(0.7)						(0.7)
Foreign currency adjustments	(7.8)						(7.8)
Comprehensive income attributable to Tempur Sealy International, Inc.	211.1
Exercise of stock options	26.3			21.3	5.0
Exercise of stock options (in shares)				(1.8)
Tax adjustments related to stock compensation	19.2				19.2
Treasury Stock repurchased	(368.5)			(368.5)
Treasury Stock repurchased (in shares)				6.5
Amortization of unearned stock-based compensation	16.7				16.7
Balance at Dec. 31, 2011	30.8		1.0	(1,059.8)	361.8	742.5	(14.7)
Balance at Dec. 31, 2011		0
Balance (in shares) at Dec. 31, 2011			99.2	35.4
Comprehensive Income:
Net income	106.8					106.8
Net income attributable to non-controlling interest	0
Adjustment to pension liability, net of tax of ($2.0)	0
Derivative instruments accounted for as hedges, net of reclassification adjustment and tax	(1.1)						(1.1)
Foreign currency adjustments	8.2						8.2
Comprehensive income attributable to Tempur Sealy International, Inc.	113.9
Exercise of stock options	11.4			10.4	1.0
Exercise of stock options (in shares)				(0.9)
Tax adjustments related to stock compensation	10.5				10.5
Treasury Stock repurchased	(150.0)			(150.0)
Treasury Stock repurchased (in shares)				5.0
Amortization of unearned stock-based compensation	5.7				5.7
Balance at Dec. 31, 2012	22.3		1.0	(1,199.4)	379.0	849.3	(7.6)
Balance (in shares) at Dec. 31, 2012			99.2	39.5
Acquisition of redeemable non-controlling interest		11.2
Comprehensive Income:
Net income	78.6					78.6
Net income attributable to non-controlling interest	(0.3)	0.3
Adjustment to pension liability, net of tax of ($2.0)	3.2						3.2
Derivative instruments accounted for as hedges, net of reclassification adjustment and tax	1.3						1.3
Foreign currency adjustments	(10.6)						(10.6)
Comprehensive income attributable to Tempur Sealy International, Inc.	72.5
Exercise of stock options	8.7			6.9	1.8
Issuances of PRSUs, RSUs and DSUs (shares)				(0.3)
Issuances of PRSUs, RSUs and DSUs	0			6.4	(6.4)
Exercise of stock options (in shares)				(0.6)
Tax adjustments related to stock compensation	5.2				5.2
Treasury Stock repurchased	(7.0)			(7.0)
Amortization of unearned stock-based compensation	16.9				16.9
Balance at Dec. 31, 2013	118.6		1.0	(1,193.1)	396.5	927.9	(13.7)
Balance at Dec. 31, 2013	$ 11.5	$ 11.5
Balance (in shares) at Dec. 31, 2013			99.2	38.6

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Statement of Stockholders' Equity [Abstract]
Derivative instruments, tax effect	$ (0.8)	$ (0.7)
Foreign currency adjustments, tax effect		(2.7)
Pension adjustments, tax effect	$ (2.0)

- Definition

Tax effect, net of reclassification adjustments, of the change in accumulated other comprehensive income (loss) related to pension and other postretirement benefit plans, attributable to the parent entity.

+ References

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 30

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 20

-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569643-111683

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 29

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (c)(3)

-URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684

+ Details

- Definition

Amount of tax effect, net of reclassification adjustments, on the result from the process of expressing in the reporting currency of the reporting entity those amounts that are denominated or measured in a different currency, attributable to noncontrolling interest.

+ References

+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income before non-controlling interest	$ 78.9	$ 106.8	$ 219.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	74.6	36.3	34.3
Amortization of stock-based compensation	16.9	5.7	16.7
Amortization of deferred financing costs	7.4	1.4	1.0
Write-off of deferred financing costs	4.7	0	0
Bad debt expense	1.3	2.5	1.6
Deferred income taxes	(49.1)	38.4	(8.5)
Dividends received from unconsolidated affiliates	2.5	0	0
Equity income in earnings of unconsolidated affiliates	(4.4)	0	0
Non cash interest expense on convertible notes	3.7	0	0
Loss on sale of assets	0.8	0.3	0
Foreign currency adjustments and other	0.1	1.8	1.2
Changes in operating assets and liabilities, net of effects of acquired businesses:
Accounts receivable	(30.1)	5.3	(30.2)
Inventories	(34.5)	0.1	(18.5)
Prepaid expenses and other current assets	27.9	(29.4)	(2.8)
Accounts payable	28.1	14.3	21.7
Accrued expenses and other	4.4	11.6	3.9
Income taxes payable	(34.7)	(5.2)	8.7
Net cash provided by operating activities	98.5	189.9	248.7
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of businesses, net of cash acquired	(1,172.9)	(4.5)	(4.6)
Purchases of property, plant and equipment	(40.0)	(50.5)	(29.5)
Other	(0.1)	0	(2.0)
Net cash used in investing activities	(1,213.0)	(55.0)	(36.1)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from 2012 credit agreement	2,992.6	0	0
Repayments of 2012 credit agreement	(1,658.3)	0	0
Proceeds from issuance of senior notes	375.0	0	0
Proceeds from 2011 credit facility	46.5	352.0	821.5
Repayments of 2011 credit facility	(696.5)	(287.0)	(643.5)
Proceeds from exercise of stock options	8.7	11.4	26.3
Excess tax benefit from stock based compensation	5.4	10.5	19.2
Treasury shares repurchased	(7.0)	(152.6)	(365.9)
Payments of deferred financing costs	(52.0)	(2.3)	(6.2)
Other	(1.0)	(2.8)	(0.3)
Net cash provided by (used in) financing activities	1,013.4	(70.8)	(148.9)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	2.8	3.8	(5.9)
(Decrease) increase in cash and cash equivalents	(98.3)	67.9	57.8
CASH AND CASH EQUIVALENTS, beginning of period	179.3	111.4	53.6
CASH AND CASH EQUIVALENTS, end of period	81.0	179.3	111.4
Cash paid during the period for:
Interest	92.1	37.1	8.0
Income taxes, net of refunds	$ 96.4	$ 80.1	$ 84.2

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2013

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® brands, technology and trademarks to other manufacturers. Additionally, the Company participates in several joint ventures in the Asia Pacific region, as well as a joint venture in the U.S. with Comfort Revolution International, LLC (“Comfort Revolution”). The Company sells its products through three sales channels: Retail, Direct and Other.

On March 18, 2013, the Company completed the acquisition of Sealy Corporation and its historical subsidiaries (“Sealy”), which manufactures and markets a broad range of mattresses and foundations under the Sealy®, Sealy Posturepedic®, Optimum^TMandStearns & Foster® brands. The Company’s acquisition of Sealy (“Sealy Acquisition”) is more fully described in Note 2, “Business Combination”. The results of operations for Sealy are reported within the Company’s Sealy reportable segment and includes results from March 18, 2013 to December 31, 2013 in the Company’s results for the year ended December 31, 2013.

As a result of the Sealy Acquisition, the Company’s Consolidated Financial Statements include the results of Comfort Revolution, a 45.0% owned joint venture. Comfort Revolution constitutes a variable interest entity (“VIE”) for which the Company is considered to be the primary beneficiary due to the Company's disproportionate share of the economic risk associated with its equity contribution, debt financing and other factors that were considered in the related-party analysis surrounding the identification of the primary beneficiary. The operations of Comfort Revolution are not material to the Company’s Consolidated Financial Statements.

(b) Basis of Consolidation. The accompanying financial statements include the accounts of Tempur Sealy International and its 100.0%‑owned subsidiary companies and Comfort Revolution. Intercompany balances and transactions have been eliminated. The equity method of accounting is used for joint ventures and investments in associated companies over which the Company has significant influence, but does not have effective control and consolidation is not otherwise required under the Financial Accounting Standards Board’s (“FASB”) authoritative guidance surrounding the consolidation of VIEs. The Company’s equity in the net income and losses of these investments is reported in equity income in earnings of unconsolidated affiliates in the accompanying Consolidated Statements of Income.

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

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

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


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


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


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

(e) Foreign Currency. Assets and liabilities of non-U.S. subsidiaries, whose functional currency is the local currency, are translated into U.S. dollars at period-end exchange rates. Income and expense items are translated at the average rates of exchange prevailing during the period. The adjustments resulting from translating the financial statements of foreign subsidiaries are included in accumulated other comprehensive loss (“OCL”), a component of stockholders’ equity, and included in net earnings only upon sale or liquidation of the underlying foreign subsidiary or affiliated company. Foreign currency transaction gains and losses are recognized in net earnings based on differences between foreign exchanges rates on the transaction date and on the settlement date.

(f) Derivative Financial Instruments. The Company is required to recognize all of its derivative instruments as either assets or liabilities in the consolidated balance sheets at fair value. The accounting for changes in the fair value (i.e., unrealized gains or losses) of a derivative instrument depends on whether it has been designated, and is effective, as a hedge and further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge or a hedge of a net investment in a foreign operation. Unrealized gains and losses related to a hedge are either recognized in income immediately to offset the realized gain or loss on the hedged item or are deferred and reported as a component of accumulated OCL in stockholders' equity and subsequently recognized in net income when the hedged item affects net income. The change in fair value of the ineffective portion of a financial instrument is recognized in net income immediately, as well as, the gain or loss related to financial instruments that are not designated as hedges.

Derivative financial instruments are used in the normal course of business to manage interest rate and foreign currency exchange risks. Credit risk is managed through the selection of sound financial institutions as counterparties. The Company does not apply hedge accounting to the foreign currency forward contracts used to offset currency-related changes in the fair value of foreign currency denominated assets and liabilities. These contracts are adjusted to their fair value through earnings. Refer to Note 7, “Derivatives” for further discussion.

The Company is exposed to changes in interest rates on its 2012 Credit Facility. In order to manage risks related to borrowings under its credit facilities, on August 8, 2011, the Company entered into a four-year interest rate swap agreement to manage interest costs and the risk associated with changing interest rates. The Company designated this interest rate swap as a cash flow hedge of floating rate borrowings. The effective portion of the change in the value of the swap is reflected as a component of comprehensive income and recognized as interest expense, net as payments are paid or accrued. The remaining gain or loss in excess of the cumulative change in the present value of future cash flows of the hedged item, if any (i.e., the ineffective portion) or hedge components excluded from the assessment of the effectiveness are recognized as interest expense, net during the period. Refer to Note 7, “Derivatives” for further discussion.

(g) Cash and Cash Equivalents. Cash and cash equivalents consist of all highly liquid investments with initial maturities of three months or less.

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



	December 31,
(in millions)	2013		2012
Finished goods	$	126.7	$	68.5
Work-in-process	10.0		7.9
Raw materials and supplies	62.5		16.6
	$	199.2	$	93.0

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



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

Leasehold improvements are amortized over the shorter of the life of the lease or seven years. The Company allocates depreciation and amortization to cost of sales and within each line item of operating expenses.

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

(k) Goodwill and Other Intangible Assets. Intangible assets with finite useful lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed for impairment whenever events or changes in circumstances indicate an impairment may have occurred. The Company performs an annual impairment test on all existing goodwill and other indefinite lived assets on October 1 of each year and whenever events or circumstances make it more likely than not that impairment may have occurred. The Company reviewed goodwill for impairment based on its identified reporting units, which include the Company’s Tempur North America, Tempur International and Sealy operating segments. In conducting the impairment test for the Tempur North America and Tempur International operating segments, the fair value of each of the Company’s reporting units is compared to its respective carrying amount including goodwill. If the fair value exceeds the carrying amount, then no impairment exists. If the carrying amount exceeds the fair value, further analysis is performed to assess impairment. The Company’s determination of fair value of the reporting units is based on a discounted cash flow approach, with an appropriate risk adjusted discount rate, and a market approach. Any identified impairment would result in an adjustment to the Company’s results of operations. Given the proximity of the annual impairment test to the acquisition date, the Company performed a qualitative analysis for its Sealy reporting unit, which considered indicators of impairment to evaluate whether the fair value was more-likely-than-not in excess of its carrying value. The key indicators considered include macroeconomic conditions, industry/market considerations, financial performance, cash flow, changes in management, and composition of net assets. The Company also tests its indefinite-lived intangible assets, principally trademarks, for impairment using a “relief-from-royalty” method. Significant assumptions inherent in the methodologies are employed and include such estimates as royalty and discount rates. The Company performed its annual impairment test of goodwill and indefinite-lived intangible assets in 2013, 2012 and 2011, none of which resulted in the recognition of impairment charges. For further information on goodwill and other intangible assets refer to Note 3, “Goodwill and Other Intangible Assets”.

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

The Company had the following activity for accrued sales returns from December 31, 2011 to December 31, 2013:



(in millions)
Balance as of December 31, 2011	$	5.3
Amounts accrued	45.4
Returns charged to accrual	(45.6		)
Balance as of December 31, 2012	5.1
Amounts accrued	104.8
Liabilities assumed as a result of acquisition	19.9
Returns charged to accrual	(101.1		)
Balance as of December 31, 2013	$	28.7

(m) Warranties. The Company provides warranties on certain products, which vary based by segment, product and brand. Estimates of warranty expenses are based primarily on historical claim 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 following summarizes the Company’s warranty terms:



Segment	Product/Brand	Warranty Term (in years)
Tempur North America	Mattresses	25, prorated ⁽¹⁾
Tempur North America	Pillows	3
Tempur International	Mattresses	15, prorated ⁽¹⁾
Tempur International	Pillows	3
Sealy	Mattresses	10 - 25, prorated ⁽²⁾


(1)	The last 10 years of warranty period are prorated on a straight-line basis.


(2)	Products have various warranty terms, generally non-prorated for the first 10 to 15 years and then prorated for the balance of the warranty term.

The Company had the following activity for warranties from December 31, 2011 to December 31, 2013:



(in millions)
Balance as of December 31, 2011	$	4.3
Amounts accrued	6.0
Warranties charged to accrual	(5.5		)
Balance as of December 31, 2012	4.8
Amounts accrued	22.7
Liabilities assumed as a result of acquisition	21.4
Warranties charged to accrual	(22.8		)
Balance as of December 31, 2013	$	26.1

As of December 31, 2013 and December 31, 2012, $14.9 million and $1.9 million are included as a component of accrued expenses and other current liabilities and $11.2 million and $2.9 million are included in other non-current liabilities on the Company’s accompanying Consolidated Balance Sheets, respectively. In estimating its warranty obligations, the Company considers the impact of recoverable salvage value on warranty costs by segment in determining its estimate of future warranty obligations.

(n) Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are also recognized for the estimated future effects of tax loss carry forwards. The effect of changes in tax rates on deferred taxes is recognized in the period in which the enactment dates change. Valuation allowances are established when necessary on a jurisdictional basis to reduce deferred tax assets to the amounts expected to be realized. The Company accounts for uncertain foreign and domestic tax positions utilizing a proscribed recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.

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

The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company regularly reviews the adequacy of its allowance for doubtful accounts. The Company determines the allowance 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 receivable is reasonably assured. Account balances are charged off against the allowance after all reasonable means of collection have been exhausted and the potential for recovery is considered remote. The allowance for doubtful accounts included in accounts receivable, net in the accompanying Consolidated Balance Sheets was $19.3 million and $8.2 million as of December 31, 2013 and 2012, respectively.

The Company reflects all amounts billed to customers for shipping and handling in net sales and the costs incurred from shipping and handling product in cost of sales. Amounts included in net sales for shipping and handling were approximately $12.5 million, $4.9 million and $6.0 million for the years ended December 31, 2013, 2012 and 2011, respectively. Amounts included in cost of sales for shipping and handling were $142.5 million, $99.7 million and $101.2 million for the years ended December 31, 2013, 2012 and 2011, respectively.

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

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

(r) Advertising Costs. The Company expenses advertising costs as incurred except for production costs and advance payments, which are deferred and expensed when advertisements run for the first time. Direct response advance payments are deferred and amortized over the life of the program. Advertising costs are included in selling and marketing expenses in the accompanying Consolidated Statements of Income. Advertising costs charged to expense were $274.2 million, $164.5 million and $148.8 million for the years ended December 31, 2013, 2012 and 2011, respectively. Advertising costs include expenditures for shared advertising costs that the Company reimburses to customers under its integrated and cooperative advertising programs. Cooperative advertising costs paid to customers are recorded as a component of selling and marketing expenses within the Consolidated Statements of Income to the extent of the estimated fair value when the customer provides proof of advertising. The Company periodically assesses the liabilities recorded for cooperative advertising based on actual sales and claims to determine whether all of the cooperative advertising earned will be used by the customer. Advertising costs deferred and included in prepaid expenses and other current assets in the accompanying Consolidated Balance Sheets were $8.5 million and $8.2 million as of December 31, 2013 and 2012, respectively.

(s) Research and Development Expenses. Research and development expenses for new products are expensed as they are incurred and are included in general, administrative and other expenses in the accompanying Consolidated Statements of Income. Research and development costs charged to expense were approximately $21.0 million, $15.6 million and $9.9 million for the years ended December 31, 2013, 2012 and 2011, respectively.

(t) Debt Issuance Costs. The Company capitalizes costs associated with the issuance of debt and amortizes these costs as additional interest expense over the lives of the debt instruments using the effective interest method. Upon the prepayment of the related debt, the Company accelerates the recognition of an appropriate amount of the costs. Additional expense arising from such prepayments during the year ended December 31, 2013 was $4.7 million.

(u) Royalty Income and Expense. The Company recognizes royalty income based on sales of Sealy® and Stearns & Foster® branded products by various licensees. The Company also pays royalties to other entities for the use of their names on products produced by the Company. Royalty income net of royalty expense was $13.7 million for the year ended December 31, 2013.

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

(w) Treasury Stock. The Board of Directors may authorize share repurchases of the Company’s common stock (“Share Repurchase Authorizations”). Share Repurchase Authorizations may be made through open market transactions, negotiated purchase or otherwise, at times and in such amounts as the Company, and a committee of the Board, deem appropriate. Shares repurchased under Share Repurchase Authorizations are held in treasury for general corporate purposes, including issuances under various employee share-based award plans. Treasury shares are accounted for under the cost method and reported as a reduction of stockholders’ equity. Share Repurchase Authorizations may be suspended, limited or terminated at any time without notice.

(x) Self-Insurance. The Company is self-insured for certain losses related to medical claims with excess loss coverage of $0.4 million per claim per year. The Company also utilizes large deductible policies to insure claims related to general liability, product liability, automobile, and workers’ compensation. The Company’s recorded liability for workers’ compensation represents an estimate of the ultimate cost of claims incurred as of the balance sheet date. The estimated workers' compensation liability is undiscounted and is established based upon analysis of historical and actuarial estimates, and is reviewed by the Company and third party actuaries on a quarterly basis to ensure that the liability is appropriate. As of December 31, 2013 $5.4 million of the recorded undiscounted liability is included in accrued expenses and other current liabilities and $9.5 million is included in other non-current liabilities within the accompanying Consolidated Balance Sheets.

(y) Environmental Cost. Environmental expenditures that relate to current operations are expensed or capitalized, as appropriate, under the FASB’s authoritative guidance on environmental remediation liabilities. Expenditures that relate to an existing condition caused by past operations and that do not provide future benefits are expensed as incurred. Liabilities are recorded when environmental assessments are made or the requirement for remedial efforts is probable, and the costs can be reasonably estimated. The timing of accruing for these remediation liabilities is generally no later than the completion of feasibility studies. The Company has an ongoing monitoring and identification process to assess how the activities, with respect to the known exposures, are progressing against the accrued cost estimates, as well as to identify other potential remediation sites that are presently unknown.

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

(aa) Supply Agreements. The Company from time to time enters into long term supply agreements with its customers to sell its branded products to customers in exchange for minimum sales volume or a minimum percentage of the customer's sales or space on the retail floor. Such agreements generally cover a period of two to five years. Initial cash outlays by the Company for such agreements are capitalized and amortized generally as a reduction of sales over the life of the contract. The majority of these cash outlays are ratably recoverable upon contract termination. Such capitalized amounts are included in prepaid expenses and other current assets and non-current assets in the Company's Consolidated Balance Sheets.

(ab) Reclassifications. The Company has reclassified certain prior-period amounts in the Consolidated Financial Statements to conform to current period presentation. The reclassifications were not material and do not materially impact previously reported subtotals within the Consolidated Financial Statements for any period presented.

- Definition

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

+ References+ Details

Business Combination

12 Months Ended

Dec. 31, 2013

Business Combinations [Abstract]

Business combination

Business Combination

On March 18, 2013, the Company completed the Sealy Acquisition. Pursuant to the merger agreement, each share of common stock of Sealy issued and outstanding immediately prior to the effective time of the Sealy Acquisition was cancelled and (other than shares held by Sealy or Tempur-Pedic or their subsidiaries or Sealy stockholders who properly exercised their appraisal rights) converted into the right to receive $2.20 in cash. The total purchase price was $1,172.9 million, which was funded using available cash and financing consisting of the Company’s 2012 Credit Agreement and Senior Notes (see Note 5, “Debt” for the definition of these terms and further discussion). The purchase price of Sealy consisted of the following items:



(in millions)
Cash consideration for stock	$	231.2		⁽¹⁾
Cash consideration for share-based awards	14.2			⁽²⁾
Cash consideration for 8.0% Sealy Notes	442.1			⁽³⁾
Cash consideration for repayment of Sealy Senior Notes	260.7			⁽⁴⁾
Cash consideration for repayment of Sealy 2014 Notes	276.9			⁽⁵⁾
Total consideration	1,225.1
Cash acquired	(52.2		)	⁽⁶⁾
Net consideration transferred	$	1,172.9


(1)	The cash consideration for outstanding shares of Sealy common stock is the product of the agreed-upon cash per share price of $2.20 and total Sealy shares of 105.1 million.


(2)	The cash consideration for share-based awards is the product of the agreed-upon cash per share price of $2.20 and the total number of RSUs and DSUs outstanding and the “in the money” stock options net of the weighted average exercise price.

(3)

The cash consideration for Sealy’s 8.0% Senior Secured Third Lien Convertible Notes due 2016 (“8.0% Sealy Notes”) is the result of applying the adjusted equity conversion rate to the 8.0% Sealy Notes tendered for conversion and multiplying the result by the agreed-upon cash per share price of $2.20. The 8.0% Sealy Notes that were converted represented the right to receive the same merger consideration that would have been payable to a holder of 201.0 million shares of Sealy common stock, subject to adjustment in accordance with the terms of the supplemental indenture governing the 8.0% Sealy Notes.


(4)	The cash consideration for Sealy’s 10.875% Senior Notes due 2016 (“Sealy Senior Notes”) reflects the repayment of the outstanding obligation.


(5)	The cash consideration for Sealy’s 8.25% Senior Subordinated Notes due 2014 (“Sealy 2014 Notes”) reflects the repayment of the outstanding obligation.


(6)	Represents the Sealy cash balance acquired at acquisition.

The Company incurred $18.7 million of direct transaction costs for the year ended December 31, 2013, respectively. These costs are included in general, administrative and other expenses in the accompanying Consolidated Statements of Income. In addition, the Company incurred $19.9 million of incremental interest expense for the year ended December 31, 2013. This includes interest and other fees on the Senior Notes and the 2012 Credit Agreement for the period prior to March 18, 2013. The incremental interest expense also included commitment fees associated with financing for the closing of the Sealy Acquisition, and the write off of deferred financing costs associated with the 2011 Credit Facility.

The Sealy segment manufactures and markets a complete line of bedding products under the Sealy®, Sealy Posturepedic®, Optimum^TMand Stearns & Foster® brands. The results of operations of Sealy and Sealy’s historical subsidiaries are reported within the Company’s Sealy reportable business segment.

The Company accounted for the Sealy Acquisition using the acquisition method. The preliminary allocation of the purchase price is based on estimates of the fair value of assets acquired and liabilities assumed as of March 18, 2013. The Company is continuing to obtain information to determine the acquired assets and liabilities, including tax assets, liabilities and other attributes. The components of the preliminary purchase price allocation are as follows:



(in millions)
Accounts receivable	$	185.0
Inventory	75.1
Prepaid expenses and other current assets	22.8
Accounts payable	(77.9		)
Accrued expenses	(137.2		)
Property, plant and equipment	242.9
Other assets	32.6
Identifiable intangible assets:
Indefinite-lived trade names	521.2
Contractual retailer/distributor relationships	91.1
Developed technology, including patents	87.1
Customer databases	3.9
Optimum™ trade name	2.3
Deferred income taxes, net	(232.8		)
Sealy 8.0% Notes	(96.2		)
Redeemable non-controlling interest	(11.3		)
Other liabilities	(77.5		)
Goodwill	541.8
Net consideration transferred	$	1,172.9

The preliminary fair value of the intangible assets has been estimated using the income approach through a discounted cash flow analysis (except as noted below with respect to the trade names) with the cash flow projections discounted using rates ranging from 11.0% to 12.0%. The cash flows are based on estimates used to price the Sealy Acquisition, and the discount rates applied were benchmarked with reference to the implied rate of return from the Company’s pricing model and the weighted average cost of capital.

The indefinite-lived trade names represent Sealy brand names as marketed through Sealy®, Sealy Posturepedic® and Stearns & Foster® brands. The Company applied the income approach through an excess earnings analysis to determine the preliminary fair value of the trade name assets.

The contractual retailer/distributor relationships pertain to Sealy’s distribution network with their retailers, which are governed by contract. The Company used the income approach through an excess earnings analysis to determine the preliminary fair value of this asset.

The developed technology assets are comprised of know-how, patents and technologies embedded in Sealy’s products and processes and relate to currently manufactured and marketed products. The Company applied the income approach through a relief-from-royalty analysis to determine the preliminary fair value of this asset.

The Company is amortizing the identifiable intangible assets, other than the indefinite-lived trade name, on a straight-line basis over the weighted average lives ranging from 5 to 15 years.

The table below sets forth the preliminary valuation and amortization period of identifiable intangible assets:



(in millions)	Preliminary Valuation		Amortization Period
Identifiable intangible assets:
Trade names	$	521.2	Indefinite
Contractual retailer/distributor relationships	91.1		15 years
Developed technology, including patents	87.1		10 years
Customer databases	3.9		5 years
Optimum™ trade name	2.3		5 years
Total	$	705.6

The Company estimated the preliminary fair value of the acquired property, plant and equipment using a combination of the cost and market approaches, depending on the component. The preliminary fair value of property, plant and equipment consisted of real property of $101.1 million and personal property of $141.8 million.

The excess of the purchase price over the preliminary estimated fair value of the tangible net assets and identifiable intangible assets acquired was recorded as goodwill. The factors contributing to the recognition of the amount of goodwill are based on several strategic and synergistic benefits that are expected to be realized from the Sealy Acquisition. These benefits include a comprehensive portfolio of iconic brands, complementary product offerings, enhanced global footprint, and attractive synergy opportunities and value creation. None of the goodwill is expected to be deductible for income tax purposes and is entirely allocated to the Sealy reportable business segment.

The following unaudited pro forma information presents the combined financial results for the Company and Sealy as if the Sealy Acquisition had been completed at the beginning of the Company’s prior year, January 1, 2012. Prior to the Sealy Acquisition, Sealy used a 52-53 week fiscal year ending on the closest Sunday to November 30, but no later than December 2. The pro forma financial information set forth below for the year ended December 31, 2013 includes Sealy’s pro forma information for the combined twelve month period from December 3, 2012 through March 3, 2013 and April 1, 2013 through December 29, 2013 and the twelve month period November 28, 2011 through December 2, 2012, respectively.



	Year Ended
	December 31,
(in millions, except earnings per common share)	2013		2012
Net sales	$	2,757.2	$	2,750.8
Net income	$	90.9	$	51.2
Earnings per common share – Diluted	$	1.49	$	0.81

The information above does not include the pro forma adjustments that would be required under Regulation S-X for pro forma financial information, and does not reflect future events that may occur after December 31, 2013 or any operating efficiencies or inefficiencies that may result from the Sealy Acquisition and related financing. Therefore, the information is not necessarily indicative of results that would have been achieved had the businesses been combined during the periods presented or the results that the Company will experience going forward.

- Definition

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

+ References

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

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-Number 141R

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-Name Emerging Issues Task Force (EITF)

-Number 88-16

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+ Details

Goodwill and Other intangible assets

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other intangible assets

Goodwill and Other Intangible Assets

During the year ending December 31, 2013, the Company’s goodwill increased by $541.8 million related to the Sealy Acquisition. This amount is subject to change based upon the finalization of the allocation of the consideration transferred to the assets acquired and liabilities assumed related to Sealy.

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



(in millions)	Total		Tempur North America			Tempur International		Sealy
Balance as of December 31, 2011	$	213.3	$	108.5		$	104.8	$	—
Goodwill resulting from acquisitions	2.2		—			2.2		—
Foreign currency translation adjustments	0.6		0.4			0.2		—
Balance as of December 31, 2012	216.1		108.9			107.2		—
Goodwill resulting from acquisitions	541.8		—			—		541.8
Foreign currency translation adjustments	1.7		(1.2		)	0.1		2.8
Balance as of December 31, 2013	$	759.6	$	107.7		$	107.3	$	544.6

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



($ in millions)		December 31, 2013						December 31, 2012
	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Carrying Amount		Accumulated Amortization		Net Carrying Amount
Unamortized indefinite life intangible assets:
Trade name		$	575.3	$	—	$	575.3	$	55.0	$	—	$	55.0
Amortized intangible assets:
Contractual distributor relationships	15	$	90.0	$	4.7	$	85.3	$	—	$	—	$	—
Technology	10	89.5		21.8		67.7		16.0		16.0		—
Patents, other trademarks, & other trade names	5-20	27.4		12.2		15.2		12.9		9.9		3.0
Customer database	5	8.8		5.5		3.3		4.9		4.9		—
Foam formula	10	3.7		3.7		—		3.7		3.7		—
Reacquired rights	3	5.4		5.4		—		5.8		5.3		0.5
Customer relationships	5	6.8		3.5		3.3		6.7		2.1		4.6
Total		$	806.9	$	56.8	$	750.1	$	105.0	$	41.9	$	63.1

Amortization expense relating to intangible assets for the Company was $15.2 million, $5.4 million and $5.4 million for the years ended December 31, 2013, 2012 and 2011, respectively. No impairments of goodwill or other intangible assets have adjusted the gross carrying amount of these assets in any period.

Annual amortization of intangible assets is expected to be as follows:



(in millions)
Year Ending December 31,
2014	$	18.8
2015	18.8
2016	18.7
2017	17.9
2018	17.3

- Definition

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

+ References+ Details

Unconsolidated Affiliate Companies

12 Months Ended

Dec. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Unconsolidated Affiliate Companies

The Company is involved in a group of joint ventures to develop markets for Sealy® branded products in Asia, New Zealand and India. The Company’s ownership interest in these joint ventures is 50.0% and is accounted for under the equity method. The Company’s net investment of $7.8 million at December 31, 2013 is recorded in other non-current assets within the accompanying Consolidated Balance Sheets. The Company’s share of earnings for the year ended December 31, 2013 is recorded in equity in earnings of unconsolidated affiliates in the accompanying Consolidated Statements of Income.

The tables below present summarized financial information for joint ventures:



(in millions)	2013
Current assets	$	39.1
Non-current assets	5.7
Current liabilities	31.7
Non-current liabilities	—



(in millions)	2013
Revenues	$	67.9
Gross profit	45.0
Income from operations	10.9
Net income	8.9

- Definition

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

+ References+ Details

Debt

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Long-term Debt

Debt

Debt for the Company consists of the following:



(in millions)	December 31, 2013			December 31, 2012
$375.0 million Senior Notes, interest at 6.875%, due December 15, 2020	$	375.0		$	375.0
Revolving credit facility, interest at Base Rate plus applicable margin, 2.25% or LIBOR plus applicable margin, 3.25% as of December 31, 2013, commitment through and due March 18, 2018	74.5			—
Term A Facility, interest at Base Rate plus applicable margin 1.5%, or LIBOR plus applicable margin, 2.5% as of December 31, 2013, commitment through and due March 18, 2018	522.5			—
Term B Facility, interest at Base Rate plus applicable margin 1.75%, or LIBOR plus applicable margin, 2.75% as of December 31, 2013, commitment through and due March 18, 2020	737.3			—
8.0% Sealy Notes, due July 15, 2016	99.6			—
Capital lease obligations and other	27.6			—
2011 Domestic long-term revolving credit facility payable to lenders, interest at Base Rate or LIBOR plus applicable margin, 2.05% as of December 31, 2012, extinguished as of March 18, 2013	—			650.0
	1,836.5			1,025.0
Less current portion	(39.6		)	—
	$	1,796.9		$	1,025.0

Senior Notes

On December 19, 2012, Tempur Sealy International issued $375.0 million aggregate principal amount of 6.875% senior notes due 2020 (the “Senior Notes”) to qualified institutional buyers pursuant to Rule 144A of the Securities Act, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. The Senior Notes were issued pursuant to an indenture, dated as of December 19, 2012 (the “Indenture”), among the Company, certain subsidiaries of Tempur Sealy International as guarantors (the “Guarantors”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”). The Senior Notes are general unsecured senior obligations of Tempur Sealy International and are guaranteed on a senior unsecured basis by the Guarantors. The Senior Notes mature on December 15, 2020, and interest is payable semi-annually in arrears on each June 15 and December 15, beginning on June 15, 2013. The gross proceeds from the Senior Notes, were funded into escrow and these funds were released from escrow on March 18, 2013 and used as part of the funding of the Sealy Acquisition. Following the completion of the Sealy Acquisition, Sealy and certain of its subsidiaries became Guarantors of the Senior Notes.

Tempur Sealy International has the option to redeem all or a portion of the Senior Notes at any time on or after December 15, 2016. Starting on this date the initial redemption price is 103.438% of the principal amount, plus accrued and unpaid interest, if any. The redemption price will decline to 101.719% on December 15, 2017 and to 100.0% of the principal amount beginning on December 15, 2018. In addition, Tempur Sealy International has the option at any time prior to December 15, 2016 to redeem some or all of the Senior Notes at 100.0% of the original principal amount plus a “make-whole” premium and accrued and unpaid interest, if any. Tempur Sealy International may also redeem up to 35.0% of the Senior Notes prior to December 15, 2015, under certain circumstances with the net cash proceeds from certain equity offerings, at 106.875% of the principal amount plus accrued and unpaid interest, if any. Tempur Sealy International may make such redemptions only if, after any such redemption, at least 65.0% of the original aggregate principal amount of the Senior Notes issued remains outstanding.

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

Also in conjunction with the issuance and sale of the Senior Notes, Tempur Sealy International and the Guarantors agreed through a Registration Rights Agreement to exchange the Senior Notes for a new issue of substantially identical senior notes registered under the Securities Act. Tempur Sealy International and the Guarantors would have been required to pay additional interest if the Senior Notes were not registered within the time periods specified within the Registration Rights Agreement. Tempur Sealy International filed a registration statement on Form S-4 on July 12, 2013 in connection with the registration of the Senior Notes, and the registration statement was declared effective by Securities and Exchange Commission on July 26, 2013, which was within the specified time period.

As a result of the Company’s issuance of the Senior Notes, $8.4 million of deferred financing costs were capitalized and are being amortized over seven years using the effective interest method.

2012 Credit Agreement

On December 12, 2012, Tempur Sealy International and certain subsidiaries of Tempur Sealy International as borrowers and guarantors, entered into a credit agreement (the “2012 Credit Agreement”) with a syndicate of banks. The 2012 Credit Agreement initially provided for (i) a revolving credit facility of $350.0 million (the “Revolver”), (ii) a term A facility of $550.0 million (the “Term A Facility”) and (iii) a term B facility of $870.0 million (the “Term B Facility”). The Revolver includes a sublimit for letters of credit and swingline loans, subject to certain conditions and limits. The Revolver and the Term A Facility will mature on March 18, 2018 and the Term B Facility will mature on March 18, 2020. The Revolver, the Term A Facility and the Term B Facility closed and funded in connection with the Sealy Acquisition on March 18, 2013. In the first and second quarters of 2013, the outstanding balance of the Term A Facility and the Term B Facility were reduced by regularly scheduled payments. Additionally, on May 16, 2013, the outstanding balance of the Term B Facility was reduced by a voluntary prepayment of $125.0 million. After giving effect to $90.0 million in borrowings under the revolver portion of the 2012 Credit Agreement and letters of credit outstanding of $22.9 million, total availability under the revolver was $252.6 million as of December 31, 2013.

Borrowings under the 2012 Credit Agreement will generally bear interest, at the election of Tempur Sealy International and the other borrowers, at either (i) LIBOR plus the applicable margin or (ii) Base Rate plus the applicable margin. For the Revolver and the Term A Facility, (a) the initial applicable margin for LIBOR advances was 3.00% per annum and the initial applicable margin for Base Rate advances was 2.00% per annum, and (b) thereafter following the delivery of financial statements for the first full fiscal quarter after closing, such applicable margins will be determined by a pricing grid based on the consolidated total net leverage ratio of the Company. The Term B Facility was initially subject to a LIBOR floor of 1.00%. The applicable margin was initially 4.00% per annum for LIBOR advances and 3.00% per annum for Base Rate advances. On May 16, 2013, the applicable margin on the Term B Facility was reduced to 3.00% per annum and the LIBOR floor was reduced to 0.75% until maturity. On July 11, 2013, the applicable margin on the Term A Facility was reduced by 0.75% for each pricing level on the pricing grid based on the consolidated total net leverage ratio of the Company.

Obligations under the 2012 Credit Agreement are guaranteed by Tempur Sealy International’s existing and future direct and indirect wholly-owned domestic subsidiaries, subject to certain exceptions; and the 2012 Credit Agreement is secured by a security interest in substantially all Tempur Sealy International’s and the other borrowers’ domestic assets and the domestic assets of each subsidiary guarantor, whether owned as of the closing or thereafter acquired, including a pledge of 100.0% of the equity interests of each subsidiary guarantor that is a domestic entity (subject to certain limited exceptions) and 65.0% of the voting equity interests of any direct first tier foreign entity owned by a subsidiary guarantor. The 2012 Credit Agreement requires compliance with certain financial covenants providing for maintenance of a minimum consolidated interest coverage ratio and maintenance of a maximum consolidated total net leverage ratio. The consolidated total net leverage ratio is calculated using consolidated funded debt less qualified cash. Consolidated funded debt includes debt recorded on the Consolidated Balance Sheets as of the reporting date, plus letters of credit outstanding and short-term other debt. The Company is allowed to exclude from consolidated funded debt 100.0% of the domestic qualified cash and 60.0% of foreign qualified cash, the aggregate of which cannot exceed $150.0 million at the end of the reporting period. As of December 31, 2013, domestic qualified cash was $30.9 million and foreign qualified cash was $30.1 million.

The 2012 Credit Agreement contains certain customary negative covenants, which include limitations on liens, investments, indebtedness, dispositions, mergers and acquisitions, the making of restricted payments, changes in the nature of business, changes in fiscal year, transactions with affiliates, use of proceeds, prepayments of certain indebtedness, entry into burdensome agreements and changes to governing documents and other junior financing documents. The 2012 Credit Agreement also contains certain customary affirmative covenants and events of default, including upon a change of control.

Tempur Sealy International is required to pay a commitment fee on the unused portion of the Revolver, which initially is 0.50% per annum and which steps down to 0.375% per annum if the consolidated total net leverage ratio is less than or equal to 3.50:1.00. This unused commitment fee is payable quarterly in arrears and on the date of termination or expiration of the commitments under the Revolver. Tempur Sealy International and the other borrowers also pay customary letter of credit issuance and other fees under the 2012 Credit Agreement.

The Company is in compliance with all applicable covenants at December 31, 2013.

8.0% Sealy Notes

In conjunction with the Sealy Acquisition, Sealy’s obligations under its 8.0% Sealy Notes were amended. As a result of the Sealy Acquisition, the 8.0% Sealy Notes became convertible solely into cash, in an amount that declined slightly every day during the Make-Whole Period (as defined under the Supplemental Indenture governing the 8.0% Sealy Notes) that followed the Sealy Acquisition, and then became fixed thereafter. The Make-Whole Period effectively expired on April 12, 2013. As of April 12, 2013, approximately 83.0% of all the 8.0% Sealy Notes outstanding prior to the Sealy Acquisition were converted into cash and paid to the holders. Holders of the 8.0% Sealy Notes who converted on March 19, 2013 received approximately $2,325.43 per $1,000 Accreted Principal Amount of the 8.0% Sealy Notes being converted. The holders of the 8.0% Sealy Notes who convert after April 12, 2013 will receive $2,200 per $1,000 Accreted Principal Amount of the 8.0% Sealy Notes being converted. The Company calculated the preliminary fair value of the remaining 8.0% Sealy Notes as part of its preliminary purchase price allocation by first calculating the future payout of the remaining 17.0% aggregate principal amount of the 8.0% Sealy Notes still outstanding and the cumulative semi-annual interest payments at the July 15, 2016 maturity, and then calculated the present value using a market discount rate, which resulted in a fair value of $96.2 million at the date of the opening balance sheet. As of December 31, 2013, the fair value of the 8.0% Sealy Notes are $99.9 million, which includes $3.7 million of accreted discount. The discount is accreted through non-cash interest expense over the life of the 8.0% Sealy Notes using the effective interest method. As of December 31, 2013, the 8.0% Sealy Notes had a carrying value of $99.6 million, which includes $3.7 million of accreted discount less conversion payments made to holders of certain 8.0% Sealy Notes that were tendered for conversion.

The 8.0% Sealy Notes mature on July 15, 2016 and bear interest at 8.0% per annum accruing semi-annually in arrears on January 15 and July 15 of each year. Sealy does not pay interest in cash to the holders of the 8.0% Sealy Notes, but instead increases the principal amount of the 8.0% Sealy Notes by an amount equal to the accrued interest for the interest period then ended (“Paid-In-Kind” or “PIK interest”). The amount of the accrued interest for each interest period is calculated on the basis of the accreted principal amount as of the first day of such interest period. PIK interest accrued on the most recent interest period then ended on the 8.0% Sealy Notes converted between interest payment dates is forfeited.

All material negative covenants (apart from the lien covenant and related collateral requirements) were eliminated from the supplemental indenture governing the 8.0% Sealy Notes, as well as certain events of default and certain other provisions. In addition, Tempur Sealy International and its non-Sealy subsidiaries do not provide any guarantees of any obligations with respect to the 8.0% Sealy Notes.

Capital Leases

As a result of the Sealy Acquisition, the Company is party to capital leases and has recorded the preliminary fair value of the obligation on its accompanying Consolidated Balance Sheets as of March 18, 2013, the acquisition date. The approximate remaining life of the leases is 10 years.

2011 Credit Facility

In conjunction with the closing of the Sealy Acquisition on March 18, 2013, the Company repaid all outstanding borrowings on the 2011 Credit Facility and terminated this facility. The 2011 Credit Facility consisted of domestic and foreign credit facilities (the “2011 Revolvers”) that provided for the incurrence of indebtedness up to an aggregate principal amount of $770.0 million. The domestic credit facility was a five-year, $745.0 million revolving credit facility.

Deferred Financing Costs

As a result of the Company’s issuance of the Senior Notes and in conjunction with entering into the 2012 Credit Agreement, $54.3 million of deferred financing costs were capitalized and will be amortized as interest expense over the respective debt instrument period, ranging from 5 to 8 years, using the effective interest method.

In conjunction with the repayment of all outstanding borrowings on the 2011 Credit Facility, the Company wrote off the associated $4.7 million of deferred financing costs.

Deferred financing costs are recorded within other non-current assets in the accompanying Consolidated Balance Sheets and interest expense, net in the accompanying Consolidated Statements of Income.

Interest Rate Swap

On August 8, 2011, the Company entered into a four-year interest rate swap agreement to manage interest costs and the risk associated with changing interest rates associated with variable portions of the Company’s debt outstanding. Refer to Note 7, “Derivative Financial Instruments,” for additional information regarding the Company’s interest rate swap.

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value Measurements

The classification of fair value measurements within the established three-level hierarchy is based upon the lowest level of input that is significant to the measurement. There were no transfers between levels for the three months or year ended December 31, 2013. At December 31, 2013, the Company had an interest rate swap recorded at fair value. The fair value of the interest rate swap is calculated using standard industry models based on observable forward yield curves. The Company also utilizes foreign currency forward contracts to manage the risk associated with exposures to foreign currency risk related to intercompany debt and associated interest payments. The foreign currency forward contracts are not material to the accompanying Consolidated Financial Statements. The fair values of all derivative instruments are adjusted for credit risk and restrictions and other terms specific to the contracts.

The following table provides a summary by level of the fair value of financial instruments that are measured on a recurring basis:



(in millions)			Fair Value Measurements at December 31, 2013 Using:
	December 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liability:
Interest rate swap	$	2.3	$	—	$	2.3	$	—



(in millions)			Fair Value Measurements at December 31, 2012 Using:
	December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liability:
Interest rate swap	$	4.3	$	—	$	4.3	$	—

The carrying value of cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the short-term maturity of those instruments. Borrowings under the 2012 Credit Agreement are at variable interest rates and accordingly their carrying amounts approximate fair value. The fair value of the Senior Notes was approximately $405.0 million at December 31, 2013. The fair value of the Sealy 8.0% Notes was approximately $99.9 million at December 31, 2013.

- Definition

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

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-Paragraph 15A

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

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

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+ Details

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

In the normal course of business, the Company is exposed to certain risks related to fluctuations in interest rates. The Company uses interest rate swaps to manage risks from these market fluctuations. The financial instruments used by the Company are straight-forward, non-leveraged instruments. The counterparties to these financial instruments are financial institutions with strong credit ratings. The Company maintains control over the size of positions entered into with any one counterparty and regularly monitors the credit ratings of these institutions. The Company also utilizes foreign currency forward contracts to manage the risk associated with exposures to foreign currency risk related to intercompany debt and associated interest payments and certain accounts payable and accounts receivable. However, these foreign currency forward contracts are not material to the Consolidated Financial Statements.

The Company is exposed to changes in interest rates on its variable rate debt. In order to manage this risk, on August 8, 2011, the Company entered into a four-year interest rate swap agreement to manage interest costs and the risk associated with changing interest rates. The Company designated this interest rate swap as a cash flow hedge of floating rate borrowings and expects the hedge to be highly effective in offsetting fluctuations in the designated interest payments resulting from changes in the benchmark interest rate. The gains and losses on the designated swap agreement will offset losses and gains on the transactions being hedged. The Company formally documented the effectiveness of this qualifying hedge instrument (both at the inception of the swap and on an ongoing basis) in offsetting changes in cash flows of the hedged transaction. The fair value of the interest rate swap is calculated as described in Note 6, “Fair Value Measurements”, taking into consideration current interest rates and the current creditworthiness of the counterparties or the Company, as applicable.

As a result of this swap, the Company pays interest at a fixed rate and receives payments at a variable rate which began on December 30, 2011. The swap effectively fixes the floating LIBOR-based interest rate to 1.25% plus the applicable margin on $250.0 million of the outstanding balance under the Company’s variable rate debt, with the outstanding balance subject to the swap declining over time. The outstanding notional principal amount of the swap reduced to $150.0 million on December 30, 2013. The interest rate swap expires on December 30, 2015. The Company has selected the LIBOR-based rate on the hedged portion of the Company’s variable rate debt during the term of the swap. The effective portion of the change in value of the swap is reflected as a component of comprehensive income and recognized as interest expense, net as payments are paid or accrued. The remaining gain or loss in excess of the cumulative change in the present value of the future cash flows of the hedged item, if any (i.e., the ineffective portion) or hedge components excluded from the assessment of effectiveness are recognized as interest expense, net during the current period.

As of December 31, 2013 and 2012, the fair value of the Company’s derivative instruments were recorded as follows:



(in millions)	Liability Derivatives
	Balance Sheet Location	Fair Value
		December 31,
		2013		2012
Derivatives designated as hedging instruments
Interest rate swap - current	Accrued expenses and other current liabilities	$	1.4	$	2.3
Interest rate swap - non-current	Other non-current liabilities	0.9		2.0
		$	2.3	$	4.3

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

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+ Details

Retirement Plans

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Retirement Plans

401(k) Plan

The Company has a defined contribution plan (“the 401(k) Plan”) whereby eligible employees may contribute up to 15.0% of their pay subject to certain limitations as defined by the 401(k) Plan. Employees are eligible to participate in the 401(k) Plan after 90 days and are eligible to receive matching contributions upon one year of employment with the Company. The 401(k) Plan provides a 100.0% match of the first 3.0% and 50.0% of the next 2.0% of eligible employee contributions. All matching contributions vest immediately. The Company incurred $1.7 million, $1.5 million and $1.5 million of expenses associated with the Plan for the years ended December 31, 2013, 2012 and 2011, respectively.

Defined Contribution Plans

Substantially all employees in the Company's Sealy segment are covered by defined contribution profit sharing plans, where specific amounts (as annually established by the Company) are set aside in trust for retirement benefits. Profit sharing expense was $4.0 million for the year ended December 31, 2013.

Company Pension Plans

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

Pension plan assets consist of investments in various equity and fixed income mutual funds as well as money market mutual funds. The long-term rate of return for the plans is based on the weighted average of the plans’ investment allocation and the historical returns for those asset categories. Because future compensation levels are not a factor in these plans’ benefit formula, the accumulated benefit obligation is approximately equal to the projected benefit obligation as reported below. The discount rate is based on the returns on long-term bonds in the private sector and incorporates a long-term inflation rate. Summarized information for the plans follows:

Expenses and Status

Components of net periodic pension cost for employees included in the accompanying Consolidated Statements of Income were as follows:



(in millions)	2013
Service cost	$	0.9
Interest cost	1.3
Expected return on assets	(1.5		)
Amortization of unrecognized net loss	—
Net periodic pension cost	$	0.7

The other changes in plan assets and benefit obligations recognized in accumulated other comprehensive income were:



(in millions)	2013
Net gain	$	(6.2	)
Amortization of prior service cost	1.0
Total recognized in other comprehensive income	$	(5.2	)

The following assumptions, calculated on a weighted‑average basis, were used to determine pension costs for the Company’s pension plans:



	2013
Discount rate ^(a)	4.23	%
Expected long term return on plan assets	6.92	%
Weighted average rate of increase in future compensation levels	—	%


(a)	Due to current economic differences in the interest rates in the jurisdictions of the retirement plans, the discount rates used in 2013 to determine the expenses for the United States retirement plan and Canadian retirement plan were 4.25% and 4.00%, respectively.

Obligations and Funded Status

The measurement date for all of the Company’s pension plans is December 31, 2013. The funded status of the pension plans as of December 31, 2013 was as follows:



(in millions)	2013
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$	39.9
Service cost	0.9
Interest cost	1.3
Plan changes	0.5
Actuarial (gains)	(4.8		)
Benefits paid	(0.5		)
Expenses paid	(0.3		)
Foreign currency exchange rate changes	(0.6		)
Projected benefit obligation at end of year	$	36.4
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	26.2
Actual return on assets	2.9
Employer contribution	2.8
Plan Settlements	(0.4		)
Benefits paid	(0.5		)
Expenses paid	(0.3		)
Foreign currency exchange rate changes	(0.2		)
Fair value of plan assets at end of year	$	30.5
Funded status	$	(5.9	)

The Company’s defined benefit pension plan for U.S. Sealy employees is underfunded. As of December 31, 2013, the projected benefit obligation and fair value of plan assets were $33.3 million and $26.7 million, respectively. The Company’s defined benefit pension plan for employees of Sealy Canada, Ltd. is overfunded. As of December 31, 2013, the projected benefit obligation and fair value of plan assets were $3.1 million and $3.8 million, respectively.



(in millions)	2013
Amounts recognized in the Consolidated Balance Sheets:
Non-current portion of benefit liability	$	6.7
Non-current benefit asset	0.8
Accumulated other comprehensive income	(5.2		)
Accumulated benefit obligation	$	(36.4	)



(in millions)	2013
Amounts recognized in accumulated other comprehensive income:
Net (gain)	$	(6.2	)
Prior service credit	1.0
Net amount recognized as of year end	$	(5.2	)

The following assumptions, calculated on a weighted‑average basis, was used to determine benefit obligations for the Company’s pension plans as of December 31, 2013:



	2013
Discount rate^(a)	5.00	%
Weighted average rate of increase in future compensation levels	—	%


(a)	The discount rates used in 2013 to determine the benefit obligations for the United States retirement plan and Canadian retirement plan were both 5.00%.

The amounts in accumulated other comprehensive income/(loss) that are expected to be recognized as components of net income during 2014 are as follows:



(in millions)
Amortization of net gain	$	0.2
Amortization of prior service cost	—

Plan Contributions and Expected Benefit Payments

During 2014, we expect to contribute $1.4 million to the Company's pension plans from available cash and equivalents.

The following table presents estimated future benefit payments:



(in millions)
Fiscal 2014	$	0.7
Fiscal 2015	0.8
Fiscal 2016	0.9
Fiscal 2017	1.0
Fiscal 2018	1.2
Fiscal 2018 ‑ Fiscal 2022	8.1

Pension Plan Asset Information

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



	2013 Target		2013 Actual
Allocation of plan assets:
Equity securities	60.00	%	62.09	%
Debt securities	40.00	%	34.91	%
Other	—	%	3.00	%
Total plan assets	100.00	%	100.00	%

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

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

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

Significant Concentrations of Risk

Significant concentrations of risk in the Company's plan assets relate to equity, interest rate, and operating risk. In order to ensure assets are sufficient to pay benefits, a portion of plan assets is allocated to equity investments that are expected, over time, to earn higher returns with more volatility than fixed income investments which more closely match pension liabilities. Within equities, risk is mitigated by constructing a portfolio that is broadly diversified by geography, market capitalization, investment style and process.

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

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

Expected Long-Term Return on Plan Assets

The expected long-term return assumption at December 31, 2013 was 7.00% for the United States retirement plan and 6.00% for the Canadian plan. The expected long-term return assumption is based on historical and projected rates of return for current and planned asset classes in the plan’s investment portfolio. The assumption considers various sources, primarily inputs from advisors for long-term capital market returns, inflation, bond yields, and other variables, adjusted for specific aspects of our investment strategy by plan.

The investments in plan assets primarily consist of mutual funds and money market funds. Investments in mutual funds and money market funds are valued at the net asset value per share or unit multiplied by the number of shares or units held as of the measurement date. The fair value of the Company’s pension benefit plan assets at December 31, 2013 by asset category was as follows:



(in millions)	December 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Asset Category
Equity
Mutual funds—U.S. companies	$	13.1	$	13.1	$	—	$	—
Mutual funds—International companies	5.9		5.9		—		—
Total equity funds	19.0		19.0		—		—
Mutual funds—fixed income	10.5		10.5		—		—
Money market funds	1.0		1.0		—		—
Total	$	30.5	$	30.5	$	—	$	—

Multi‑Employer Benefit Plans

Approximately 68.0% of the Company’s domestic employees are represented by various labor unions with separate collective bargaining agreements. Hourly employees working at ten of the Company’s domestic manufacturing facilities are covered by union sponsored retirement plans. Further, employees working at three of the Company’s domestic manufacturing facilities are covered by union sponsored health and welfare plans. These plans cover both active employees and retirees. Through the health and welfare plans, employees received medical, dental, vision, prescription and disability coverage. The Company’s cost associated with these plans consists of periodic contributions to these plans based upon employee participation. The expense recognized by the Company for such contributions was as follows:



(in millions)	2013
Multi‑employer retirement plan expense	$	3.9
Multi‑employer health and welfare plan expense	2.2

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

The following table presents information regarding the multi‑employer pension plans that are significant to the Company:

(in millions)

Pension Fund

EIN/Pension Plan Number

Pension Protection Act
Zone Status⁽¹⁾2013

FIP/RP Status
Pending/Implemented⁽²⁾

Contributions of the Company 2013

Surcharge Imposed⁽³⁾

Expiration Date
of Collective
Bargaining Agreement

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

United Furniture Workers Pension Fund A⁽⁴⁾

13-5511877-001

Red

Implemented

0.7

Yes, 10.0%

2014 and 2016

2013

Pension Plan of the National Retirement Fund⁽⁴⁾

13-6130178-001

Red

Implemented

0.7

Yes, 10.0%

2014

N/A

(1)

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


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


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


(4)	Sealy represented more than 5.0% of the total contributions for the most recent plan year available.

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2013
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity (a) Capital 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. The holders of the common stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders. Subject to preferences that may be applicable to any outstanding preferred stock, holders of common stock are entitled to receive ratably such dividends as may be declared from time to time by the Board of Directors out of funds legally available for that purpose. In the event of liquidation, dissolution or winding up, the holders of common stock are entitled to share ratably in all assets remaining after payment of liabilities, subject to prior distribution rights of preferred stock, if any, then outstanding. Tempur Sealy International is authorized to issue up to 0.01 million shares of preferred stock, $0.01 par value per share. The Board of Directors is authorized, subject to any limitations prescribed by law, without further vote or action by the stockholders, to issue from time to time shares of preferred stock in one or more series. Each such series of preferred stock will have such number of shares, designations, preferences, voting powers, qualifications, and special or relative rights or privileges as determined by the Board of Directors, which may include, among others, dividend rights, voting rights, redemption and sinking fund provisions, liquidation preferences, conversion rights and preemptive rights.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

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

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-Name Regulation S-X (SX)

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

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-Number 210

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

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

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Reference 16: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Other Items

12 Months Ended

Dec. 31, 2013

Other Items [Abstract]

Other Items

(a) Property, plant and equipment.

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



	December 31,
(in millions)	2013			2012
Machinery and equipment	$	270.8		$	160.9
Land and buildings	261.9			138.0
Computer equipment and software	72.3			52.5
Furniture and fixtures	56.7			40.8
Construction in progress	28.9			17.3
	$	690.6		$	409.5
Accumulated depreciation	(279.0		)	(223.5		)
	$	411.6		$	186.0

Depreciation expense for the Company was $59.4 million, $30.9 million and $28.9 million for the years ended December 31, 2013, 2012 and 2011, respectively.

(b) Accrued expenses and other current liabilities.

Accrued expenses and other current liabilities consisted of the following:



	December 31,		December 31,
(in millions)	2013		2012
Wages and benefits	$	59.3	$	18.7
Advertising	29.7		10.5
Sales returns	28.7		5.1
Rebates	23.0		4.1
Warranty	14.9		1.9
Interest	1.4		0.5
Freight	5.4		2.5
Professional fees	3.8		5.3
Sales and VAT tax	2.3		7.0
Insurance	3.4		0.9
Other	36.5		31.4
	$	208.4	$	87.9

Accumulated other comprehensive loss consisted of the following:



	Year Ended December 31,
(in millions)	2013			2012			2011
Foreign Currency Translation
Balance at beginning of period	$	(5.0	)	$	(13.2	)	$	(5.4	)
Other comprehensive (loss):
Foreign currency translation adjustments ⁽¹⁾	(13.3		)	10.9			(7.8		)
Tax benefit (expense) ⁽¹⁾	2.7			(2.7		)	—
Balance at end of period	$	(15.6	)	$	(5.0	)	$	(13.2	)

Interest Rate Swap
Balance at beginning of period	$	(2.7	)	$	(1.6	)	$	(0.9	)
Other comprehensive (loss):
Net change from period revaluations:	5.2			2.7			0.3
Tax (expense)	(1.5		)	(0.5		)	(0.1		)
Total other comprehensive income before reclassifications, net of tax	3.7			2.2			0.2
Net amount reclassified to earnings ⁽³⁾	(3.2		)	(4.0		)	(1.5		)
Tax benefit ⁽²⁾	0.8			0.7			0.6
Total amount reclassified from accumulated other comprehensive loss, net of tax	(2.4		)	(3.3		)	(0.9		)
Total other comprehensive income (loss)	1.3			(1.1		)	(0.7		)
Balance at end of period	$	(1.4	)	$	(2.7	)	$	(1.6	)

Pension Benefits
Balance at beginning of period	$	—		$	—		$	—
Other comprehensive income:
Net change from period revaluations:	5.2			—			—
Tax (expense)	(2.0		)	—			—
Balance at end of period	$	3.2		$	—		$	—


(1)	In 2013 and 2011, there were no tax impacts related to rate changes and no amounts were reclassified to earnings. In 2012, a $2.7 million tax impact was recorded.


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


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

Stock-based Compensation

12 Months Ended

Dec. 31, 2013

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

Stock-based Compensation

Tempur Sealy International has three stock-based compensation plans which provide for grants of non-qualified and incentive stock options, stock appreciation rights, restricted stock and stock unit awards, performance shares, stock grants and performance based awards to employees, non-employee directors, consultants and Company advisors. The plans under which equity awards may be granted are the 2002 Option Plan and the Amended and Restated 2003 Equity Incentive Plan, as amended, (the “2003 Plan”), and the 2013 Equity Incentive Plan (the “2013” Plan). It is the policy of the Company to issue stock out of Treasury shares upon issuance or exercise of share-based awards. The Company believes that awards and purchases made under these plans better align the interests of the plan participants with those of its stockholders.

The 2002 Option Plan was adopted on November 1, 2002 and provides for grants of stock options to purchase shares of common stock to employees and directors of the Company. Options granted under the 2002 Option Plan that qualify as incentive stock options, as defined by the Internal Revenue Code of 1986, as amended (the “Code”), must have an exercise price of not less than the fair market value of Tempur Sealy International’s common stock at the date of grant. Options granted under the 2002 Option Plan provided for vesting terms as determined by the Board of Directors at the time of grant, which are generally based on 4 years of continuous service. Options can be exercised up to 10 years from the grant date and up to 5 years from the grant date for any stockholders who own 10.0% or more of the total combined voting power of all shares of stock of Tempur Sealy International. Upon the exercise of all outstanding options under the 2002 Option Plan, Tempur Sealy International issued a maximum of 6.5 million shares of common stock, subject to certain adjustment provisions. In December 2003, the Company’s Board of Directors adopted a resolution that prohibited further grants under the 2002 Option Plan. As of December 31, 2013, there are no outstanding options under the 2002 Option Plan.

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

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

The 2013 Plan was adopted on May 22, 2013 by the Company’s Board of Directors, and provides for grants of stock options to purchase shares of common stock to employees and directors of the company. The 2013 Plan may be administered by the Compensation Committee of the Board of Directors, by the Board directly, or, in certain cases, by an executive officer or officers of the Company designated by the Compensation Committee. The shares issued or to be issued under the 2013 Plan may be either authorized but unissued shares of the Company’s common stock or shares held by the Company in its treasury. Tempur Sealy International will issue a maximum of 5.1 million shares of common stock under the 2013 Plan, subject to certain adjustment provisions.

The Company’s stock-based compensation expense for the year ended December 31, 2013 included PRSUs, stock options, RSUs and DSUs. A summary of the Company’s stock-based compensation expense is presented below:



	December 31,
(in millions)	2013		2012			2011
PRSU expense (benefit)	$	3.0	$	(0.9	)	$	9.5
Stock option expense	8.3		4.4			5.2
RSU/DSU expense	5.6		2.2			2.0
Total stock-based compensation expense	$	16.9	$	5.7		$	16.7

The Company granted PRSUs during the years ended December 31, 2013 and 2012. Actual payout under the PRSUs is dependent upon the achievement of certain financial goals, based on net sales and earnings before interest and taxes (EBIT) margin targets. The Company recorded a benefit in the accompanying Consolidated Statements of Income of $10.3 million, for the year ended December 31, 2012, after re-evaluation of the probability of meeting certain required financial metrics.

The following table shows the PRSUs granted under the LTIP during the year ended December 31, 2013:



(shares in millions)	Performance period	Target shares granted ⁽¹⁾	Weighted-average fair value per share
Year ended 2013	January 1, 2013 – December 31, 2014	0.3	$	39.34


(1)	At the end of the performance period, the actual number of shares issuable can range from zero to 200.0% of the target shares granted, which is assumed to be 100.0%.

A summary of the Company’s PRSU activity and related information for the years ended December 31, 2013 and 2012 is presented below:



(shares in millions)	Shares		Weighted Average Grant Date Fair Value
Awards unvested at December 31, 2011	0.3		$	37.93
Granted	0.4		71.52
Vested	(0.4	)	28.48
Forfeited	—		—
Awards unvested at December 31, 2012	0.3		$	58.52
Granted	0.3		39.34
Vested	—		—
Forfeited	(0.3	)	56.92
Awards unvested at December 31, 2013	0.3		$	39.04

During the year ended December 31, 2013, PRSUs granted in 2010 with an aggregate intrinsic value of $14.9 million were issued from treasury stock following the satisfaction of certain financial metrics over the performance period. The PRSUs were issued from treasury stock at 282.0% of the target award, out of a maximum payout of 300.0%. The aggregate intrinsic value of PRSUs outstanding as of December 31, 2013 was $13.6 million.

The Company uses the Black-Scholes option pricing model to calculate the fair value of stock options granted. The assumptions used in the Black-Scholes pricing model for the years ended December 31, 2013, 2012 and 2011 are set forth in the following table. Expected volatility is based on the unbiased standard deviation of Tempur Sealy International’s common stock over the option term. The expected life of the options represents the period of time that the Company expects the options granted to be outstanding. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of the grant of the option for the expected term of the instrument. The dividend yield reflects an estimate of dividend payouts over the term of the award.



	Year Ended
	December 31,
	2013	2012	2011
Expected volatility range of stock	63.0% - 72.8%	49.0% - 73.0%	72.0% - 74.0%
Expected life of option, range in years	2 - 3	2 - 4	3 - 4
Risk-free interest range rate	0.3% - 0.6%	0.3% - 0.7%	0.7% - 1.7%
Expected dividend yield on stock	0.6% - 0.9%	0.0% - 1.3%	0.0% - 0.7%

A summary of the Company’s unvested shares relating to stock options as of December 31, 2013 and 2012 and changes during the years ended December 31, 2013 and 2012 are presented below:



(shares in millions)	Shares		Weighted Average Grant Date Fair Value
Options unvested at December 31, 2011	1.3		$	5.44
Granted	0.4		35.75
Vested	(0.8	)	11.49
Forfeited	—		—
Options unvested at December 31, 2012	0.9		$	23.49
Granted	0.6		39.77
Vested	(0.8	)	19.71
Forfeited	(0.1	)	39.62
Options unvested at December 31, 2013	0.6		$	42.16

A summary of the Company’s stock option activity under the 2002 Option Plan, 2003 Plan and 2013 Plan for the years ended December 31, 2013 and 2012 is presented below:



(in millions, except exercise price and years)	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Options outstanding at December 31, 2011	3.4		$	11.15
Granted	0.4		35.75
Exercised	(0.9	)	12.61
Terminated	—		—
Options outstanding at December 31, 2012	2.9		$	17.00
Granted	0.6		39.77
Exercised	(0.6	)	14.54
Terminated	(0.1	)	39.62
Options outstanding at December 31, 2013	2.8		$	21.73	5.82	$	82.6

Options exercisable at December 31, 2013	2.2		$	15.63	4.88	$	60.1

The aggregate intrinsic value of options exercised during the years ended December 31, 2013, 2012 and 2011 was $17.1 million, $29.8 million and $59.2 million, respectively.

A summary of the Company's RSU and DSU Activity and related information for the years ended December 31, 2013 and 2012 is presented below:



(in millions, except release price and years)	Shares		Weighted Average Release Price		Aggregate Intrinsic Value
Awards outstanding at December 31, 2011	0.2		$	30.41
Granted	—		62.03
Exercised	—		—
Terminated	—		—
Awards outstanding at December 31, 2012	0.2		$	32.03
Granted	0.2		45.56
Exercised	(0.2	)	30.49
Terminated	—		—
Awards outstanding at December 31, 2013	0.2		$	47.00	$	10.8

The Company granted 0.01 million DSUs during the year ended December 31, 2013. The Company granted 0.2 million RSUs during the year ended December 31, 2013. At December 31, 2013, the Company had 0.2 million of unvested DSUs/RSUs. The aggregate intrinsic value of RSU and DSUs outstanding as of December 31, 2013 was $10.8 million.

A summary of total unrecognized stock-based compensation expense based on current performance estimates related to the options, DSUs, RSUs and PRSUs granted during the year ended December 31, 2013 is presented below:



(in millions, except years)	December 31, 2013		Weighted Average Remaining Vesting Period (Years)
Unrecognized stock option expense	$	5.2	1.15
Unrecognized DSU/RSU expense	2.9		0.89
Unrecognized PRSU expense	2.4		1.34
Total unrecognized stock-based compensation expense	$	10.5	1.12

Cash received from options exercised under all stock-based compensation plans, including cash received from options issued from treasury shares for the years ended December 31, 2013, 2012 and 2011 was $8.7 million, $11.4 million, and $26.3 million, respectively.

- Definition

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

+ References

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-Name Staff Accounting Bulletin (SAB)

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-Name Statement of Position (SOP)

-Number 93-6

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+ Details

Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(a) Lease Commitments. The Company has various operating leases that call for annual rental payments due in equal monthly installments and a lease with a rent free occupancy period. The Company’s policy is to recognize expense for lease payment, including those with escalating provisions and rent free periods, on a straight-line basis over the lease term. Operating lease expenses were $12.1 million, $9.5 million, and $8.4 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Future minimum lease payments at December 31, 2013 under these non-cancelable leases are as follows:



(in millions)
Year Ended December 31,
2014	$	8.9
2015	5.5
2016	5.0
2017	2.9
2018	2.5
Thereafter	5.9
	$	30.7

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

(b) Purchase Commitments. The Company will, from time to time, enter into limited purchase commitments for the purchase of certain raw materials. Amounts committed under these programs are not significant as of December 31, 2013 and December 31, 2012.

(c) Norfolk County Retirement System, Individually and on behalf of all others similarly situated, Plaintiff v. Tempur-Pedic International Inc., Mark A. Sarvary and Dale E. Williams; filed June 20, 2012

Arthur Benning, Jr., Individually and on behalf of all others similarly situated, Plaintiff v. Tempur-Pedic International Inc., Mark A. Sarvary and Dale E. Williams; filed June 25, 2012

On June 20 and 25, 2012, the above suits were filed against the Company and two named executive officers in the United States District Court for the Eastern District of Kentucky, purportedly on behalf of a proposed class of shareholders who purchased the Company’s stock between January 25, 2012 and June 5, 2012. The complaints assert claims under Sections 10(b) and 20(a) of the Exchange Act, alleging, among other things, false and misleading statements and concealment of material information concerning the Company’s competitive position, projected net sales, earnings per diluted share and related financial performance for the Company’s 2012 fiscal year. The plaintiffs seek damages, interest, costs, attorney’s fees, expert fees and unspecified equitable/injunctive relief. The Company strongly believes that the shareholder suits lack merit and intends to defend against the claims vigorously. The outcome of these matters is uncertain, however, and although the Company does not currently expect to incur a loss with respect to these matters, the Company cannot currently predict the manner and timing of the resolution of the suits, an estimate of a range of losses or any minimum loss that could result in the event of an adverse verdict in these suits, or whether the Company’s applicable insurance policies will provide sufficient coverage for these claims. Accordingly, the Company can give no assurance that these matters will not have a material adverse effect on the Company’s financial position or results of operations.

(d) Sealy Mattress Company of NJ, Inc., David Hertz, individually, as trustee of, respectively, the Allison Lindsay Hertz Trust, the Samuel Douglas Hertz Trust, the Sydney Lauren Hertz Trust, the U/A DTD 08/21/97 Andrew Michael Marcus Trust, the U/A DTD 08/21/97 Julia Robyn Marcus Trust, and the U/A DTD 08/21/97 James Daniel Marcus Trust, and as executor of the Estate of Walter Hertz, Lisa Marcus, Rose Naiman, Michael Shoobs, and Diane Shoobs, individually and as custodian of the Robert S. Shoobs UTMA NJ v. Sealy Corporation, filed June 27, 2013. With respect to the Sealy Acquisition, holders of approximately 3.1 million shares of Sealy common stock sent notices to Sealy purporting to exercise their appraisal rights in accordance with the Merger Agreement executed on September 26, 2012. In order to preserve these appraisal rights, any such former stockholder was required to commence an appraisal proceeding in the Delaware courts within 120 days after March 18, 2013. Sealy has expressly reserved its rights to contest that any or all of such notices were not delivered timely or otherwise not in the form required under Delaware law. On June 27, 2013, an appraisal proceeding was commenced in the Delaware Court of Chancery (the “Appraisal Action”). If the fair value of the Sealy common stock formerly held by the former Sealy stockholders seeking the appraisal is determined to be greater than the $2.20 per share paid pursuant to the Merger Agreement, Sealy would be required to pay such difference, plus interest at the statutory rate, which could impact the Company’s financial condition and liquidity.

(e) Michael Dodson, Alvin Todd, and Henry and Mary Thompson, individually and on behalf of all others similarly situated, Plaintiffs v. Tempur Sealy International, Inc., formerly known as Tempur-Pedic International, Inc. and Tempur-Pedic North America, LLC, Defendants; filed October 25, 2013

On October 25, 2013, a suit was filed against Tempur Sealy International and one of its domestic subsidiaries in the United States District Court for the Northern District of California, purportedly on behalf of a proposed class of “consumers” as defined by Cal. Civ. Code § 1761(d) who purchased, not for resale, a Tempur-Pedic mattress or pillow in the State of California. On November 19, 2013, the Company was served for the first time in the case but with an amended petition adding additional class representatives for additional states. The purported classes seek certification of claims under applicable state laws.

The complaint alleges that the Company engaged in unfair business practices, false advertising, and misrepresentations or omissions related to the sale of certain products. The plaintiffs seek restitution, injunctive relief and all other relief allowed under applicable state laws, interest, attorneys’ fees and costs. The purported classes do not seek damages for physical injuries. The Company believes the case lacks merit and intends to defend against the claims vigorously. This matter is at a very preliminary stage, and the outcome is uncertain. As a result, the Company is unable to reasonably estimate the possible loss or range of losses, if any, arising from this litigation, or whether the Company’s applicable insurance policies will provide sufficient coverage for these claims. Accordingly, the Company can give no assurance that this matter will not have a material adverse effect on the Company’s financial position or results of operations.

(f) Environmental. The Company is currently conducting an environmental cleanup at a formerly owned facility in South Brunswick, New Jersey pursuant to the New Jersey Industrial Site Recovery Act. Sealy and one of its subsidiaries are parties to an Administrative Consent Order issued by the New Jersey Department of Environmental Protection. Pursuant to that order, Sealy and its subsidiary agreed to conduct soil and groundwater remediation at the property. The Company does not believe that its manufacturing processes were the source of contamination. The Company sold the property in 1997. The Company retained primary responsibility for the required remediation. Previously, the Company removed and disposed of contaminated soil from the site with the New Jersey Department of Environmental Protection approval, and the Company has installed a groundwater remediation system on the site. During 2005, with the approval of the New Jersey Department of Environmental Protection, the Company removed and disposed of sediment in Oakeys Brook adjoining the site. The Company continues to monitor ground water at the site. During 2012, with the approval of the New Jersey Department of Environmental Protection, the Company commenced the removal and disposal of additional contaminated soil from the site. The Company has recorded a reserve as a component of other accrued expenses and other noncurrent liabilities in the accompanying Consolidated Balance Sheets as of December 31, 2013 for $2.9 million associated with this remediation project.

The Company has also undertaken a remediation of soil and groundwater contamination at an inactive facility located in Oakville, Connecticut. Although the Company is conducting the remediation voluntarily, it obtained Connecticut Department of Energy and Environmental Protection (“DEEP”) approval of the remediation plan. The Company believes that it has essentially completed its remediation of the site. In 2012, the Company submitted separate closure reports to the Connecticut DEEP for the lower portion of the site and the upper portion of the site. The Connecticut DEEP approved the Company’s closure report for the upper portion of the site and also gave conditional approval to the Company’s closure report for the lower portion of the site. The conditional approval for the lower portion closure requires the Company to perform additional water monitoring on the lower portion of the site to demonstrate compliance with applicable standards. The Company has performed that monitoring and submitted a closure report for the lower parcel to the Connecticut DEEP. The Company has recorded a liability of approximately $0.1 million associated with the completion of the closure of its remediation efforts at the site. The Company believes the contamination is attributable to the manufacturing operations of previous, unrelated, unaffiliated occupants of the facility.

The Company cannot predict the ultimate timing or costs of the South Brunswick and Oakville environmental matters. Based on facts currently known, the Company believes that the accruals recorded are adequate and does not believe the resolution of these matters will have a material effect on the financial position or future operations of the Company. However, in the event of an adverse decision by the agencies involved, or an unfavorable result in the New Jersey natural resources damages matter, these matters could have a material effect on the Company’s financial position or results of operations.

In 1998, the Company sold an inactive facility located in Putnam, Connecticut. In 2012, the Company received a letter from the attorney for the current owner of that property claiming that the Company may have some responsibility for an environmental condition on the property. The Company continues to investigate the factual background on this matter, but intends to vigorously defend the claim of the current owner against the Company.

(g) Income tax assessments. The Company has received income tax assessments from the Danish Tax Authority (“SKAT”). The Company believes it has meritorious defenses to the proposed adjustments and will oppose the assessments, as necessary in the appropriate Danish venue. The Company believes the litigation process to reach a final resolution of this matter could potentially extend over the next five years. If the Company is not successful in defending our position that the Company owes no additional taxes, the Company could be required to pay a significant amount to SKAT, which could impair or reduce our liquidity and profitability. For a description of these assessments and additional information with respect to these assessments and the various related legal proceedings, see Note 13, “Income Taxes”.

(h) Other. The Company is involved in various other legal proceedings incidental to the operations of its business. The Company believes that the outcome of all such pending legal proceedings in the aggregate will not have a material adverse effect on its business, financial condition, liquidity, or operating results.

- Definition

The entire disclosure for commitments and contingencies.

+ References

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-Name FASB Interpretation (FIN)

-Number 14

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+ Details

Income Taxes

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

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



	Year Ended December 31,
	2013					2012					2011
(in millions)	Amount			Percentage of Income Before Income Taxes		Amount			Percentage of Income Before Income Taxes		Amount			Percentage of Income Before Income Taxes
Statutory U.S. federal income tax	$	44.8		35.0	%	$	80.2		35.0	%	$	114.9		35.0	%
State income taxes, net of federal benefit	1.7			1.3	%	4.5			2.0	%	7.9			2.4	%
Foreign repatriation, net of foreign tax credits	(16.0		)	(12.6	)%	48.1			21.0	%	—			—	%
Foreign tax differential	(12.3		)	(9.6	)%	(9.7		)	(4.2	)%	(9.4		)	(2.9	)%
Change in valuation allowances	20.4			15.9	%	(2.8		)	(1.2	)%	(5.9		)	(1.8	)%
Uncertain tax positions	4.7			3.7	%	2.6			1.1	%	4.1			1.2	%
Subpart F income	1.5			1.2	%	4.1			1.8	%	3.2			1.0	%
Manufacturing deduction	0.1			—	%	(3.8		)	(1.7	)%	(5.0		)	(1.5	)%
Permanent and other	4.2			3.5	%	(0.8		)	(0.4	)%	(1.0		)	(0.3	)%
Effective income tax provision	$	49.1		38.4	%	$	122.4		53.4	%	$	108.8		33.1	%

Subpart F income represents interest and royalties earned by a foreign subsidiary as well as sales made by certain foreign subsidiaries outside of their country of incorporation. Under the Code, such income is taxable to Tempur Sealy International as if earned directly by Tempur Sealy International.

In conjunction with the Sealy Acquisition, the Company repatriated substantially all of its current and accumulated foreign earnings associated with the legacy Tempur foreign subsidiaries in a taxable transaction. The Company had previously tax effected those earnings and at December 31, 2012 had recorded a $48.1 million deferred tax liability on such earnings. As a result of the Sealy Acquisition, the Company recognized the benefit of certain foreign tax credit attributes associated with Sealy’s foreign subsidiaries’ earnings. These foreign tax credits could not be taken into account in calculating the Company’s tax on the book to tax basis difference of its foreign subsidiaries until the Sealy Acquisition closed. As a result of the taxable transaction and taking into consideration the application of these foreign tax credits for the twelve months ended December 31, 2013 , the Company recognized tax on the repatriation transaction of approximately $51.7 million. At December 31, 2013, the tax basis of the Company’s investment in its foreign subsidiaries exceeds the Company’s book basis. Accordingly, no deferred taxes have been recorded related to this basis difference as it is not apparent that the difference will reverse in the foreseeable future.

The Company has received income tax assessments from SKAT with respect to the tax years 2001 through 2007 relating to the royalty paid by one of Tempur Sealy International’s U.S. subsidiaries to a Danish subsidiary. 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 processes. In its assessment, SKAT asserts that the amount of royalty rate paid by the U.S. subsidiary to the Danish subsidiary is not reflective of an arms-length transaction. Accordingly, the tax assessment received from SKAT is based, in part, on a 20% royalty rate which is substantially higher than that historically used or deemed appropriate by the Company.

The cumulative total tax assessment for all years is approximately $206.1 million including interest and penalties. The Company filed timely protests with the Danish National Tax Tribunal (the “Tribunal”) challenging the tax assessments. The Tribunal formally agreed to place the Danish tax litigation on hold pending the outcome of a Bilateral Advance Pricing Agreement (“Bilateral APA”) between the United States and SKAT. A Bilateral APA involves an agreement between the Internal Revenue Service (“IRS”) and the taxpayer, as well as a negotiated agreement with one or more foreign competent authorities under applicable income tax treaties. During the third quarter of 2008, the Company filed the Bilateral APA with the IRS and SKAT. U.S. and Danish competent authorities have met to discuss the Company’s Bilateral APA. SKAT and the IRS met several times since 2011, most recently in February 2013, to discuss the matter. At the conclusion of the February 2013 meeting the IRS and SKAT concluded that a mutually acceptable agreement on the matter could not be reached and, as a result, the Bilateral APA process was terminated. The Company now expects the Tribunal proceedings to be reconvened in 2014. The Tribunal is a branch of SKAT that is independent of the discussions and negotiations that have taken place to date. If the Tribunal does not rule to the satisfaction of one or both parties, the party seeking redress may choose to litigate the issue in the Danish court system. During 2013 the Company was notified by SKAT that SKAT had granted the deferral of the requirement to post a cash deposit or other form of security for taxes that have been assessed for the period 2001 through 2006 to June 1, 2017 and for the 2007 year to July 1, 2017. The Company believes it has meritorious defenses to the proposed adjustments and will oppose the assessments before the Tribunal and in the Danish courts, as necessary. The impact of terminating the Bilateral APA program has been considered by the Company in its December 31, 2013 estimate of uncertain tax benefits. The Company maintains an uncertain tax liability associated with this matter, the amount of which is based on a royalty methodology and royalty rates that the Company considers to be reflective of market transactions. It is reasonably possible the amount of unrecognized tax benefits may change in the next twelve months. An estimate of the amount of such change cannot be made at this time. If the Company is not successful in defending its position before the Tribunal or in the Danish courts, the Company could be required to pay significant amounts to SKAT, which could impair or reduce its liquidity and profitability. In conjunction with this tax examination discussed below, during the year ended December 31, 2013 the Company received correspondence from SKAT requesting information regarding the royalty for the years 2008 through 2011. The correspondence indicated that SKAT would be evaluating the royalty paid for the years 2008 through 2011. The Company has responded to SKAT’s request for information. During the fourth quarter of 2013 the Company and SKAT agreed that the examination of this issue for the years 2008 - 2011 would be placed on hold pending the outcome of the Tribunal process. In this regard, as of December 31, 2013 the Company has not been notified of any proposed adjustments with respect to any of the transactions discussed.

During twelve months ended December 31, 2013, SKAT notified the Company that it was examining transactions between the Company’s Danish manufacturing entity and its foreign distribution subsidiaries for the years 2008 to 2011. As it relates to these transactions, the Company believes its income tax filing position is appropriate and fully supported by the underlying documentation.

The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. During the twelve months ended December 31, 2013, the Company concluded the tax examination of the U.S. federal income tax return for the years 2008 and 2009. During the year the Company was advised by the IRS that the years 2010 and 2011 would not be examined but that 2012 would be examined. That examination has not yet begun. With few exceptions, the Company is no longer subject to tax examinations by the U.S. state and local municipalities for periods prior to 2006, and in non-U.S. jurisdictions for periods prior to 2001. As it relates to Sealy for years prior to the Sealy Acquisition, Sealy or one of its subsidiaries was required to file income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. Sealy’s U.S. federal income tax returns and with few exceptions its foreign income tax returns are no longer subject to examination for years prior to 2004. Generally Sealy’s state and local jurisdiction income tax returns are no longer subject to examination for years prior to 2000.

Additionally, the Company is currently under examination by various tax authorities around the world. The Company anticipates it is reasonably possible an increase or decrease in the amount of unrecognized tax benefits could be made in the next twelve months as a result of the statute of limitations expiring and/or the examinations being concluded on these returns. However, the Company does not presently anticipate that any increase or decrease in unrecognized tax benefits will be material to the consolidated financial statements. Other than the changes discussed in the preceding paragraphs, there were no significant changes to the liability for unrecognized tax benefits during the twelve months ended December 31, 2013.

The following sets forth the amount of income or (loss) before income taxes attributable to each of the Company’s operating segments for the years ended December 31, 2013, 2012 and 2011:



	Year Ended December 31,
(in millions)	2013			2012		2011
Income before income taxes:
United States	$	(4.5	)	$	126.2	$	224.6
Rest of the world	132.5			103.0		103.8
	$	128.0		$	229.2	$	328.4

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



(in millions)
Balance as of December 31, 2011	$	13.3
Additions based on tax positions related to 2011	1.1
Additions for tax positions of prior years	—
Settlements of uncertain tax positions with tax authorities	(1.5		)
Balance as of December 31, 2012	12.9
Additions attributable to Sealy on date of acquisition	9.2
Additions based on tax positions related to 2013	2.3
Additions for tax positions of prior years	7.2
Settlements of uncertain tax positions with tax authorities	(5.5		)
Balance as of December 31, 2013	$	26.1

The amount of unrecognized tax benefits would impact the effective tax rate if recognized would be approximately $22.2 million. Interest and penalties related to unrecognized tax benefits are recorded in income tax expense. During the years ended December 31, 2013, 2012 and 2011, the Company recognized approximately $1.8 million, $3.0 million, and $(0.3) million in interest and penalties, respectively, in income tax expense. The Company had approximately $11.0 million, $5.8 million, and $2.8 million of accrued interest and penalties at December 31, 2013, 2012, and 2011, respectively.

The Company has the following gross income tax attributes available at December 31, 2013 and 2012 respectively (in millions):



	2013		2012
U.S. federal net operating loss (“FedNOLs”)	$	19.6	$	—
State net operating losses (“SNOLs”)	135.6		—
U.S. federal foreign tax credits (“FTCs”)	20.4		—
U.S. state income tax credits ("SITCs")	0.7		—
Foreign net operating losses (“FNOLs”)	67.1		37.0

The SNOLs, FTCs, FNOLs and SITCs expire at various dates through 2017, 2023, and 2020, respectively.

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

The income tax provision includes federal, state, and foreign income taxes currently payable and those deferred or prepaid because of temporary differences between financial statement and tax bases of assets and liabilities. The Company records income taxes under the liability method. Under this method, deferred income taxes are recognized for the estimated future tax effects of differences between the tax bases of assets and liabilities and their financial reporting amounts based on enacted tax laws.

The income tax provision consisted of the following:



	Year Ended December 31,
(in millions)	2013			2012			2011
Current provision
Federal	$	48.6		$	49.9		$	76.9
State	7.3			7.8			12.0
Foreign	42.3			26.3			28.4
Total current	$	98.2		$	84.0		$	117.3
Deferred provision
Federal	$	(47.0	)	$	37.1		$	(1.4	)
State	0.4			4.2			(0.2		)
Foreign	(2.5		)	(2.9		)	(6.9		)
Total deferred	(49.1		)	38.4			(8.5		)
Total income tax provision	$	49.1		$	122.4		$	108.8

The net deferred tax assets and liabilities recognized in the accompanying Consolidated Balance Sheets consisted of the following:



	December 31,
(in millions)	2013			2012
Deferred tax assets:
Stock-based compensation	$	10.0		$	11.7
Accrued expenses and other	53.7			10.6
Net operating losses and foreign tax credits	55.3			9.6
Inventories	4.6			3.5
Intangible assets	9.0			2.4
Property, plant and equipment	3.9			1.5
Total deferred tax assets	136.5			39.3
Valuation allowances	(39.4		)	(0.1		)
Total net deferred tax assets	$	97.1		$	39.2
Deferred tax liabilities:
Foreign repatriation, net of foreign tax credits	$	—		$	(45.4	)
Intangible assets	(261.9		)	(21.8		)
Property, plant and equipment	(62.5		)	(13.1		)
Accrued expenses and other	(4.3		)	(3.7		)
Total deferred tax liabilities	(328.7		)	(84.0		)
Net deferred tax liabilities	$	(231.6	)	$	(44.8	)

- Definition

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

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 136, 172

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 43, 44, 45, 46, 47, 48, 49

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Major Customers	12 Months Ended
Major Customers	Dec. 31, 2013
Risks and Uncertainties [Abstract]
Major Customers	Major Customers The top five customers accounted for approximately 27.5%, 24.0% and 20.0% of the Company’s net sales for the year ended December 31, 2013, 2012 and 2011, respectively. Net sales from one customer (Mattress Firm) represented more than 10.0% of net sales for the year ended December 31, 2013. The top five customers also accounted for approximately 26.4% and 29.0% of accounts receivable as of December 31, 2013 and 2012, respectively.

- Definition

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

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15A

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

-Paragraph 20

-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

-Paragraph 16

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 94-6

-Paragraph 21, 22, 24

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 20

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13531-108611

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

-Paragraph 18

-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

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-Section 50

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-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

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-Paragraph 21

-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6442-108592

+ Details

Redeemable Noncontrolling Interest	12 Months Ended
Redeemable Noncontrolling Interest	Dec. 31, 2013
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Redeemable Non-controlling Interest The Company is party to a put and call arrangement with respect to the common securities that represent the 55.0% non-controlling interest in Comfort Revolution. The call arrangement may be exercised by the Company on June 12, 2017. Likewise, the put arrangement may be exercised by Comfort Revolution, LLC on June 12, 2018. The redemption value for both the put and the call arrangement is equal to 7.5 times EBITDA, as defined in the related LLC agreement, of Comfort Revolution for the preceding 12 months, adjusted for net debt outstanding and multiplied by the 55.0% ownership interest not held by the Company. Due to the existing put and call arrangements, the non-controlling interest is considered to be redeemable in accordance with the related authoritative accounting guidance and is recorded on the balance sheet as a redeemable non-controlling interest outside of permanent equity. The redeemable non-controlling interest is recognized at the higher of 1) the accumulated earnings associated with the non-controlling interest or 2) the redemption value as of the balance sheet date.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References+ Details

Earnings Per Common Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Common Share



	Year Ended December 31,
(in millions, except per common share amounts)	2013		2012		2011
Numerator:
Net income attributable to Tempur Sealy International, Inc.	$	78.6	$	106.8	$	219.6

Denominator:
Denominator for basic earnings per common share—weighted average shares	60.3		61.5		67.1
Effect of dilutive securities:
Employee stock based compensation	1.3		1.4		2.0
Denominator for diluted earnings per common share—adjusted weighted average shares	61.6		62.9		69.1

Basic earnings per common share	$	1.30	$	1.74	$	3.27

Diluted earnings per common share	$	1.28	$	1.70	$	3.18

The Company excluded 0.30 million and 0.20 million and 0.01 million shares issuable upon exercise of outstanding stock options for the years ended December 31, 2013, 2012, and 2011, respectively, from the diluted earnings per common share computation because their exercise price was greater than the average market price of Tempur Sealy International’s common stock or they were otherwise anti-dilutive. Holders of non-vested stock-based compensation awards do not have voting rights or rights to receive any dividends on the shares covered by the awards.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

Business Segment Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Business Segment Information

The Company operates in three business segments: Tempur North America, Tempur International and Sealy. As a result of the Sealy Acquisition, the Company now has a new reportable business segment which represents Sealy’s results of operations. These reportable segments are strategic business units that are managed separately based on the fundamental differences in their operations. The Tempur North America segment consists of the two U.S. manufacturing facilities and the Tempur North America distribution subsidiaries. The Tempur International segment consists of the manufacturing facility in Denmark, whose customers include all of the distribution subsidiaries and third party distributors outside the Tempur North America segment. The Sealy segment consists of manufacturing and distribution subsidiaries related to Sealy. The Company evaluates segment performance based on net sales and operating income. Certain corporate operating expenses included in the Tempur North America segment for the year ended December 31, 2013, 2012 and 2011 were $83.0 million, $58.0 million and $55.8 million, respectively. There were no material allocations of corporate operating expenses to the Tempur International or Sealy segments year ended December 31, 2013, 2012 and 2011. The Company’s Tempur North America, Tempur International and Sealy segment assets include investments in subsidiaries which are appropriately eliminated in the Company’s accompanying Condensed Consolidated Financial Statements. The remaining inter-segment eliminations are comprised of intercompany accounts receivable. The effect of the elimination of the investments in subsidiaries is included in the inter-segment eliminations as shown below.

The following table summarizes total assets by segment:



	December 31,
(in millions)	2013			2012
Tempur North America	$	2,110.7		$	1,166.9
Tempur International	477.7			504.1
Sealy	1,956.6			—
Inter-segment eliminations	(1,815.1		)	(351.5		)
Total assets	$	2,729.9		$	1,319.5

The following table summarizes long-lived assets by segment:



	December 31,
(in millions)	2013		2012
Tempur North America	$	393.1	$	395.7
Tempur International	68.7		69.5
Sealy	1,459.5		—
Total long lived assets	$	1,921.3	$	465.2

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



	Year Ended December 31,
(in millions)	2013		2012
United States	$	1,647.0	$	374.7
Canada	52.1		20.8
Other International	222.2		69.7
	$	1,921.3	$	465.2
Total International	274.3		90.5

The following table summarizes net sales by geographic region:



	Year Ended December 31,
(in millions)	2013		2012		2011
United States	$	1,736.8	$	923.4	$	958.0
Canada	190.2		40.8		46.7
Other International	537.3		438.7		413.2
	$	2,464.3	$	1,402.9	$	1,417.9
Total International	727.5		479.5		459.9

The following table summarizes segment information:



	Year Ended December 31,
(in millions)	2013		2012		2011
Net sales to external customers:
Tempur North America
Bedding	$	830.4	$	882.3	$	916.7
Other products	79.6		82.0		88.0
	$	910.0	$	964.3	$	1,004.7

Tempur International
Bedding	$	327.7	$	332.4	$	309.8
Other products	111.9		106.2		103.4
	$	439.6	$	438.6	$	413.2

Sealy
Bedding	$	1,040.3	$	—	$	—
Other products	74.4		—		—
	$	1,114.7	$	—	$	—
	$	2,464.3	$	1,402.9	$	1,417.9

Inter-segment sales:
Tempur North America	$	0.2	$	0.9	$	5.0



Tempur International	0.6			1.5			2.2
Sealy	5.9			—			—
Intercompany eliminations	(6.7		)	(2.4		)	(7.2		)
	$	—		$	—		$	—

Gross profit:
Tempur North America	$	392.7		$	449.3		$	499.8
Tempur International	269.8			265.3			243.3
Sealy	352.4			—			—
	$	1,014.9		$	714.6		$	743.1

Operating income:
Tempur North America	$	67.6		$	144.4		$	236.9
Tempur International	107.5			103.9			103.6
Sealy	68.7			—			—
	$	243.8		$	248.3		$	340.5

Income (loss) before income taxes:
Tempur North America	$	(33.8	)	$	126.2		$	224.6
Tempur International	102.6			103.0			103.8
Sealy	59.2			—			—
	$	128.0		$	229.2		$	328.4

Depreciation and amortization (including stock-based compensation amortization):
Tempur North America	$	42.0		$	30.6		$	41.1
Tempur International	12.8			11.4			9.9
Sealy	36.7			—			—
	$	91.5		$	42.0		$	51.0

Intercompany royalties:
Tempur North America	$	5.8		$	12.7		$	12.3
Tempur International	(5.8		)	(12.7		)	(12.3		)
Sealy	—			—			—
	$	—		$	—		$	—

Capital expenditures:
Tempur North America	$	20.7		$	36.8		$	18.8
Tempur International	10.1			13.7			10.7
Sealy	9.2			—			—
	$	40.0		$	50.5		$	29.5

- Definition

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

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 131

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

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+ Details

Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

Quarterly Financial Data (unaudited)

Quarterly results of operations for the years ended December 31, 2013 and 2012, which include Sealy's results of operations from March 18, 2013 through December 31, 2013, are summarized below:



(in millions, except per share amounts)	First Quarter		Second Quarter			Third Quarter			Fourth Quarter
2013
Net sales	$	390.1	$	660.6		$	735.5		$	678.1
Gross profit	188.4		254.9			298.7			272.9
Operating income	44.5		44.0			81.2			74.1
Net income (loss)	12.5		(1.6		)	40.2			27.5
Basic earnings (loss) per common share	$	0.21	$	(0.03	)	$	0.66		$	0.45
Diluted earnings (loss) per common share	$	0.20	$	(0.03	)	$	0.65		$	0.45

2012
Net sales	$	384.4	$	329.5		$	347.9		$	341.1
Gross profit	205.9		166.9			171.2			170.6
Operating income	86.1		47.5			63.4			51.3
Net income	56.2		29.1			(2.0		)	23.5
Basic earnings (loss) per common share	$	0.88	$	0.46		$	(0.03	)	$	0.39
Diluted earnings (loss) per common share	$	0.86	$	0.45		$	(0.03	)	$	0.39

The sum of the quarterly earnings per common share amounts may not equal the annual amount reported because per share amounts are computed independently for each quarter and for the full year based on respective weighted-average common shares outstanding and other dilutive potential common shares. The Company’s quarterly operating results fluctuate as a result of seasonal variations in the Company’s business. Additionally, the Company's earnings were negatively impacted in the second quarter of 2013, primarily due to the Sealy Acquisition and associated transaction fees.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Guarantor/Non-Guarantor Financial Information

12 Months Ended

Dec. 31, 2013

Guarantor/Non-Guarantor Financial Information

Guarantor/Non-Guarantor Financial Information

The Senior Notes are general unsecured senior obligations of Tempur Sealy International and are fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by all of Tempur Sealy International’s 100% directly or indirectly owned current and future domestic subsidiaries (the “Combined Guarantor Subsidiaries”). The foreign subsidiaries (the “Combined Non-Guarantor Subsidiaries”) represent the foreign operations of the Company and do not guarantee the Senior Notes. A subsidiary guarantor will be released from its obligations under the indenture governing the Senior Notes when: (a) the subsidiary guarantor is sold or sells all or substantially all of its assets; (b) the subsidiary is declared “unrestricted” under the indenture governing the Senior Notes; (c) the subsidiary’s guarantee of indebtedness under the 2012 Credit Agreement (as it may be amended, refinanced or replaced) is released (other than a discharge through repayment); or (d) the requirements for legal or covenant defeasance or discharge of the indenture have been satisfied. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with the Company’s wholly-owned subsidiary guarantors and non-guarantor subsidiaries. The Company has accounted for its investments in its subsidiaries under the equity method.

The following financial information presents Consolidated Balance Sheets as of December 31, 2013 and December 31, 2012, and the related Consolidated Statements of Income and Comprehensive Income and Cash Flows for the years ended December 31, 2013, 2012 and 2011 for Tempur Sealy International, Combined Guarantor Subsidiaries and Combined Non-Guarantor Subsidiaries. Sealy financial information are included from March 18, 2013 through December 31, 2013 and are not included in financial information for 2012 or 2011.

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2013

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,758.2		$	728.1		$	(22.0	)	$	2,464.3
Cost of sales	—			1,110.5			360.9			(22.0		)	1,449.4
Gross profit	—			647.7			367.2			—			1,014.9
Selling and marketing expenses	2.4			358.1			162.4			—			522.9
General, administrative and other expenses	17.1			181.6			67.6			—			266.3
Equity income in earnings of unconsolidated affiliates	—			—			(4.4		)	—			(4.4		)
Royalty income, net of royalty expense	—			(13.7		)	—			—			(13.7		)
Operating (loss) income	(19.5		)	121.7			141.6			—			243.8

Other expense, net:
Third party interest expense, net	27.5			81.5			1.8			—			110.8
Intercompany interest expense (income), net	32.7			(34.1		)	1.4			—			—
Interest expense, net	60.2			47.4			3.2			—			110.8
Other (income) expense, net	—			(0.9		)	5.9			—			5.0
Total other expense	60.2			46.5			9.1			—			115.8

Income from equity investees	133.4			93.6			—			(227.0		)	—

Income before income taxes	53.7			168.8			132.5			(227.0		)	128.0
Income tax benefit (provision)	25.2			(35.4		)	(38.9		)	—			(49.1		)
Net income	78.9			133.4			93.6			(227.0		)	78.9
Less: net income attributable to non-controlling interest	0.3			0.3			—			(0.3		)	0.3
Net income attributable to Tempur Sealy International, Inc.	$	78.6		$	133.1		$	93.6		$	(226.7	)	$	78.6

Comprehensive income	$	72.5		$	133.8		$	86.2		$	(220.0	)	$	72.5

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2012

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	947.8		$	481.0		$	(25.9	)	$	1,402.9
Cost of sales	—			509.0			205.2			(25.9		)	688.3
Gross profit	—			438.8			275.8			—			714.6
Selling and marketing expenses	2.5			191.9			124.7			—			319.1
General, administrative and other expenses	4.9			96.4			45.9			—			147.2
Equity income in earnings of unconsolidated affiliates	—			—			—			—			—
Royalty income, net of royalty expense	—			—			—			—			—
Operating (loss) income	(7.4		)	150.5			105.2			—			248.3

Other expense, net:
Third party interest expense, net	—			18.3			0.5			—			18.8
Intercompany interest expense (income), net	31.5			(31.5		)	—			—			—
Interest expense (income), net	31.5			(13.2		)	0.5			—			18.8
Other expense, net	—			—			0.3			—			0.3
Total other expense (income)	31.5			(13.2		)	0.8			—			19.1

Income from equity investees	134.8			81.0			—			(215.8		)	—

Income before income taxes	95.9			244.7			104.4			(215.8		)	229.2
Income tax benefit (provision)	10.9			(109.9		)	(23.4		)	—			(122.4		)
Net income	106.8			134.8			81.0			(215.8		)	106.8
Less: net income attributable to non-controlling interest	—			—			—			—			—
Net income attributable to Tempur Sealy International, Inc.	$	106.8		$	134.8		$	81.0		$	(215.8	)	$	106.8

Comprehensive income	$	113.9		$	136.9		$	86.0		$	(222.9	)	$	113.9

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2011

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	987.9		$	462.2		$	(32.2	)	$	1,417.9
Cost of sales	—			504.3			202.7			(32.2		)	674.8
Gross profit	—			483.6			259.5			—			743.1
Selling and marketing expenses	4.1			162.7			110.1			—			276.9
General, administrative and other expenses	14.5			70.2			41.0			—			125.7
Equity income in earnings of unconsolidated affiliates	—			—			—			—			—
Royalty income, net of royalty expense	—			—			—			—			—
Operating (loss) income	(18.6		)	250.7			108.4			—			340.5

Other expense, net:
Third party interest expense, net	—			11.1			0.8			—			11.9
Intercompany interest expense (income), net	23.3			(23.3		)	—			—			—
Interest expense (income), net	23.3			(12.2		)	0.8			—			11.9
Other expense, net	—			0.2			—			—			0.2
Total other expense (income)	23.3			(12.0		)	0.8			—			12.1

Income from equity investees	250.7			86.1			—			(336.8		)	—

Income before income taxes	208.8			348.8			107.6			(336.8		)	328.4
Income tax benefit (provision)	10.8			(98.1		)	(21.5		)	—			(108.8		)
Net income	219.6			250.7			86.1			(336.8		)	219.6
Less: net income attributable to non-controlling interest	—			—			—			—			—
Net income attributable to Tempur Sealy International, Inc.	$	219.6		$	250.7		$	86.1		$	(336.8	)	$	219.6

Comprehensive income	$	211.1		$	249.4		$	78.9		$	(328.3	)	$	211.1

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Balance Sheets

December 31, 2013

(in millions)



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

Current Assets:
Cash and cash equivalents	$	—	$	30.9	$	50.1		$	—		$	81.0
Accounts receivable, net	—		192.6		156.6			—			349.2
Inventories	—		147.5		51.7			—			199.2
Income taxes payable	118.4		—		—			(118.4		)	—
Prepaid expenses and other current assets	—		26.3		27.4			—			53.7
Deferred income taxes	10.0		29.3		5.1			—			44.4
Total Current Assets	128.4		426.6		290.9			(118.4		)	727.5
Property, plant and equipment, net	—		335.9		75.7			—			411.6
Goodwill	—		577.2		182.4			—			759.6
Other intangible assets, net	—		624.6		125.5			—			750.1
Deferred tax asset	—		—		10.9			—			10.9
Other non-current assets	7.6		47.0		15.6			—			70.2
Net investment in subsidiaries	756.0		—		—			(756.0		)	—
Due from affiliates	1,299.9		2,306.5		0.9			(3,607.3		)	—
Total Assets	$	2,191.9	$	4,317.8	$	701.9		$	(4,481.7	)	$	2,729.9

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	140.5	$	50.7		$	—		$	191.2
Accrued expenses and other current liabilities	1.4		144.2		62.8			—			208.4
Deferred income taxes	—		—		0.8			—			0.8
Income taxes payable	—		115.2		4.7			(118.4		)	1.5
Current portion of long-term debt	—		36.6		3.0			—			39.6
Total Current Liabilities	1.4		436.5		122.0			(118.4		)	441.5
Long-term debt	375.0		1,421.9		—			—			1,796.9
Deferred income taxes	—		252.8		33.3			—			286.1
Other non-current liabilities	—		69.1		6.2			—			75.3
Due to affiliates	1,685.4		1,381.5		940.5			(4,007.4		)	—
Total Liabilities	2,061.8		3,561.8		1,102.0			(4,125.8		)	2,599.8

Redeemable non-controlling interest	11.5		11.5		—			(11.5		)	11.5

Total Stockholders’ Equity	118.6		744.5		(400.1		)	(344.4		)	118.6
Total Liabilities and Stockholders’ Equity	$	2,191.9	$	4,317.8	$	701.9		$	(4,481.7	)	$	2,729.9

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Balance Sheets

December 31, 2012

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	19.2	$	160.1	$	—		$	179.3
Accounts receivable, net	—		63.6		72.7		—			136.3
Inventories	—		55.7		37.3		—			93.0
Escrow Receivable	375.0		—		—		—			375.0
Income tax receivable	86.2		—		—		(86.2		)	—
Prepaid expenses and other current assets	—		26.4		15.0		—			41.4
Deferred income taxes	11.7		—		2.6		(11.7		)	2.6
Total Current Assets	472.9		164.9		287.7		(97.9		)	827.6
Property, plant and equipment, net	—		132.7		53.3		—			186.0
Goodwill	—		89.9		126.2		—			216.1
Other intangible assets, net	—		42.9		20.2		—			63.1
Deferred tax asset	—		—		10.4		—			10.4
Other non-current assets	—		13.4		2.9		—			16.3
Net investment in subsidiaries	1,213.0		300.2		—		(1,513.2		)	—
Due from affiliates	28.0		1,460.0		3.4		(1,491.4		)	—
Total Assets	$	1,713.9	$	2,204.0	$	504.1	$	(3,102.5	)	$	1,319.5

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	60.0	$	25.8	$	—		$	85.8
Accrued expenses and other current liabilities	0.2		52.7		35.0		—			87.9
Deferred income taxes	—		37.6		0.6		(11.7		)	26.5
Income taxes payable	—		89.3		12.4		(86.2		)	15.5
Total Current Liabilities	0.2		239.6		73.8		(97.9		)	215.7
Long-term debt	375.0		650.0		—		—			1,025.0
Deferred income taxes	—		28.9		2.5		—			31.4
Other non-current liabilities	—		23.5		1.6		—			25.1
Due to affiliates	1,316.4		49.0		126.0		(1,491.4		)	—
Total Liabilities	1,691.6		991.0		203.9		(1,589.3		)	1,297.2

Total Stockholders’ Equity	22.3		1,213.0		300.2		(1,513.2		)	22.3
Total Liabilities and Stockholders’ Equity	$	1,713.9	$	2,204.0	$	504.1	$	(3,102.5	)	$	1,319.5

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 31, 2013

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(66.1	)	$	80.9		$	83.7		$	—	$	98.5

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash acquired	$	—		$	(1,035.3	)	$	(137.6	)	$	—	$	(1,172.9	)
Purchases of property, plant and equipment	—			(28.3		)	(11.7		)	—		(40.0		)
Other	—			(54.7		)	54.6			—		(0.1		)
Net cash used in investing activities	—			(1,118.3		)	(94.7		)	—		(1,213.0		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from 2012 Credit Agreement	—			2,992.6			—			—		2,992.6
Repayments 2012 Credit Agreement	—			(1,658.3		)	—			—		(1,658.3		)
Proceeds from issuance of Senior Notes	375.0			—			—			—		375.0
Proceeds from 2011 Credit Facility	—			46.5			—			—		46.5
Repayments of 2011 Credit Facility	—			(696.5		)	—			—		(696.5		)
Net activity in investment in and advances (to) from subsidiaries and affiliates	(772.8		)	874.9			(102.1		)	—		—
Payment of deferred financing costs	(8.4		)	(43.6		)	—			—		(52.0		)
Proceeds from exercise of stock options	8.7			—			—			—		8.7
Excess tax benefit from stock based compensation	5.4			—			—			—		5.4
Treasury stock repurchased	458.2			(465.2		)	—			—		(7.0		)
Other	—			(1.3		)	0.3			—		(1.0		)
Net cash provided by (used in) financing activities	66.1			1,049.1			(101.8		)	—		1,013.4

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			2.8			—		2.8
Increase (decrease) in cash and cash equivalents	—			11.7			(110.0		)	—		(98.3		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			19.2			160.1			—		179.3
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	30.9		$	50.1		$	—	$	81.0

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 31, 2012

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(43.6	)	$	140.5		$	93.0		$	—	$	189.9
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash acquired	—			—			(4.5		)	—		(4.5		)
Purchase of property, plant and equipment	—			(36.7		)	(13.8		)	—		(50.5		)
Other	—			(0.1		)	0.1			—		—
Net cash used in investing activities	—			(36.8		)	(18.2		)	—		(55.0		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from 2012 Credit Agreement	$	—		$	—		$	—		$	—	$	—
Repayments of the 2012 Credit Agreement	—			—			—			—		—
Proceeds from the 2011 Credit Facility	—			352.0			—			—		352.0
Repayments of the 2011 Credit Facility	—			(287.0		)	—			—		(287.0		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	187.0			(170.8		)	(16.2		)	—		—
Payment of deferred financing costs	(2.2		)	—			(0.1		)	—		(2.3		)
Proceeds from exercise of stock options	11.4			—			—			—		11.4
Excess tax benefit from stock based compensation	—			10.5			—			—		10.5
Treasury stock repurchased	(152.6		)	—			—			—		(152.6		)
Other	—			—			(2.8		)	—		(2.8		)
Net cash provided by (used in) financing activities	43.6			(95.3		)	(19.1		)	—		(70.8		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			3.8			—		3.8
Increase in cash and cash equivalents	—			8.4			59.5			—		67.9
CASH AND CASH EQUIVALENTS, BEGININNG OF PERIOD	—			10.8			100.6			—		111.4
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	19.2		$	160.1		$	—	$	179.3

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 31, 2011

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(24.6	)	$	192.4		$	80.9		$	—	$	248.7
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash acquired	—			—			(4.6		)	—		(4.6		)
Purchase of property, plant and equipment	—			(18.8		)	(10.7		)	—		(29.5		)
Other	—			(0.2		)	(1.8		)	—		(2.0		)
Net cash used in investing activities	—			(19.0		)	(17.1		)	—		(36.1		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from 2012 Credit Agreement	$	—		$	—		$	—		$	—	$	—
Repayments of the 2012 Credit Agreement	—			—			—			—		—
Proceeds from the 2011 Credit Facility	—			821.5			—			—		821.5
Repayments of the 2011 Credit Facility	—			(643.5		)	—			—		(643.5		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	363.9			(360.1		)	(3.8		)	—		—
Payment of deferred financing costs	—			(6.1		)	(0.1		)	—		(6.2		)
Proceeds from exercise of stock options	26.3			—			—			—		26.3
Excess tax benefit from stock based compensation	—			19.2			—			—		19.2
Treasury stock repurchased	(365.9		)	—			—			—		(365.9		)
Other	—			—			(0.3		)	—		(0.3		)
Net cash provided by (used in) financing activities	24.3			(169.0		)	(4.2		)	—		(148.9		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(5.9		)	—		(5.9		)
(Decrease) increase in cash and cash equivalents	(0.3		)	4.4			53.7			—		57.8
CASH AND CASH EQUIVALENTS, BEGININNG OF PERIOD	0.3			6.4			46.9			—		53.6
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	10.8		$	100.6		$	—	$	111.4

VALUATION AND QUALIFYING ACCOUNTS SCHEDULE II

12 Months Ended

Dec. 31, 2013

Valuation and Qualifying Accounts [Abstract]

VALUATION AND QUALIFYING ACCOUNTS

TEMPUR SEALY INTERNATIONAL, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

FOR THE YEARS ENDED DECEMBER 31, 2011, 2012 AND 2013

SCHEDULE II

(in millions)



		Additions
Description	Balance at Beginning of Period	Charges to Costs and Expenses	Charged to Other Accounts	Deductions		Balance at End of Period
Allowance for doubtful accounts:
Year Ended December 31, 2011	7.4	1.6	—	(2.2	)	6.8
Year Ended December 31, 2012	6.8	2.5	—	(1.1	)	8.2
Year Ended December 31, 2013	8.2	1.3	—	9.8		19.3



		Additions
Description	Balance at Beginning of Period	Charges to Costs and Expenses	Charged to Other Accounts	Deductions		Balance at End of Period
Valuation allowance deferred tax assets:
Year Ended December 31, 2011	8.8	—	—	(5.9	)	2.9
Year Ended December 31, 2012	2.9	—	—	(2.8	)	0.1
Year Ended December 31, 2013	0.1	20.4	18.9	—		39.4

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Basis of Presentation and Description of Business

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

Basis of Consolidation

Basis of Consolidation. The accompanying financial statements include the accounts of Tempur Sealy International and its 100.0%‑owned subsidiary companies and Comfort Revolution. Intercompany balances and transactions have been eliminated. The equity method of accounting is used for joint ventures and investments in associated companies over which the Company has significant influence, but does not have effective control and consolidation is not otherwise required under the Financial Accounting Standards Board’s (“FASB”) authoritative guidance surrounding the consolidation of VIEs. The Company’s equity in the net income and losses of these investments is reported in equity income in earnings of unconsolidated affiliates in the accompanying Consolidated Statements of Income.

Use of Estimates

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

Foreign Currency

Foreign Currency. Assets and liabilities of non-U.S. subsidiaries, whose functional currency is the local currency, are translated into U.S. dollars at period-end exchange rates. Income and expense items are translated at the average rates of exchange prevailing during the period. The adjustments resulting from translating the financial statements of foreign subsidiaries are included in accumulated other comprehensive loss (“OCL”), a component of stockholders’ equity, and included in net earnings only upon sale or liquidation of the underlying foreign subsidiary or affiliated company. Foreign currency transaction gains and losses are recognized in net earnings based on differences between foreign exchanges rates on the transaction date and on the settlement date.

Derivative Financial Instruments

Derivative Financial Instruments. The Company is required to recognize all of its derivative instruments as either assets or liabilities in the consolidated balance sheets at fair value. The accounting for changes in the fair value (i.e., unrealized gains or losses) of a derivative instrument depends on whether it has been designated, and is effective, as a hedge and further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge or a hedge of a net investment in a foreign operation. Unrealized gains and losses related to a hedge are either recognized in income immediately to offset the realized gain or loss on the hedged item or are deferred and reported as a component of accumulated OCL in stockholders' equity and subsequently recognized in net income when the hedged item affects net income. The change in fair value of the ineffective portion of a financial instrument is recognized in net income immediately, as well as, the gain or loss related to financial instruments that are not designated as hedges.

Cash and Cash Equivalents

Cash and Cash Equivalents. Cash and cash equivalents consist of all highly liquid investments with initial maturities of three months or less.

Inventories

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



	December 31,
(in millions)	2013		2012
Finished goods	$	126.7	$	68.5
Work-in-process	10.0		7.9
Raw materials and supplies	62.5		16.6
	$	199.2	$	93.0

Property, Plant and Equipment

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



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

Long-Lived Assets

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

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets. Intangible assets with finite useful lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed for impairment whenever events or changes in circumstances indicate an impairment may have occurred. The Company performs an annual impairment test on all existing goodwill and other indefinite lived assets on October 1 of each year and whenever events or circumstances make it more likely than not that impairment may have occurred. The Company reviewed goodwill for impairment based on its identified reporting units, which include the Company’s Tempur North America, Tempur International and Sealy operating segments. In conducting the impairment test for the Tempur North America and Tempur International operating segments, the fair value of each of the Company’s reporting units is compared to its respective carrying amount including goodwill. If the fair value exceeds the carrying amount, then no impairment exists. If the carrying amount exceeds the fair value, further analysis is performed to assess impairment. The Company’s determination of fair value of the reporting units is based on a discounted cash flow approach, with an appropriate risk adjusted discount rate, and a market approach. Any identified impairment would result in an adjustment to the Company’s results of operations. Given the proximity of the annual impairment test to the acquisition date, the Company performed a qualitative analysis for its Sealy reporting unit, which considered indicators of impairment to evaluate whether the fair value was more-likely-than-not in excess of its carrying value. The key indicators considered include macroeconomic conditions, industry/market considerations, financial performance, cash flow, changes in management, and composition of net assets. The Company also tests its indefinite-lived intangible assets, principally trademarks, for impairment using a “relief-from-royalty” method. Significant assumptions inherent in the methodologies are employed and include such estimates as royalty and discount rates. The Company performed its annual impairment test of goodwill and indefinite-lived intangible assets in 2013, 2012 and 2011, none of which resulted in the recognition of impairment charges. For further information on goodwill and other intangible assets refer to Note 3, “Goodwill and Other Intangible Assets”.

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 Consolidated Balance Sheets.

The Company had the following activity for accrued sales returns from December 31, 2011 to December 31, 2013:



(in millions)
Balance as of December 31, 2011	$	5.3
Amounts accrued	45.4
Returns charged to accrual	(45.6		)
Balance as of December 31, 2012	5.1
Amounts accrued	104.8
Liabilities assumed as a result of acquisition	19.9
Returns charged to accrual	(101.1		)
Balance as of December 31, 2013	$	28.7

Warranties

Warranties. The Company provides warranties on certain products, which vary based by segment, product and brand. Estimates of warranty expenses are based primarily on historical claim 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 following summarizes the Company’s warranty terms:



Segment	Product/Brand	Warranty Term (in years)
Tempur North America	Mattresses	25, prorated ⁽¹⁾
Tempur North America	Pillows	3
Tempur International	Mattresses	15, prorated ⁽¹⁾
Tempur International	Pillows	3
Sealy	Mattresses	10 - 25, prorated ⁽²⁾


(1)	The last 10 years of warranty period are prorated on a straight-line basis.


(2)	Products have various warranty terms, generally non-prorated for the first 10 to 15 years and then prorated for the balance of the warranty term.

The Company had the following activity for warranties from December 31, 2011 to December 31, 2013:



(in millions)
Balance as of December 31, 2011	$	4.3
Amounts accrued	6.0
Warranties charged to accrual	(5.5		)
Balance as of December 31, 2012	4.8
Amounts accrued	22.7
Liabilities assumed as a result of acquisition	21.4
Warranties charged to accrual	(22.8		)
Balance as of December 31, 2013	$	26.1

Income Taxes

Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are also recognized for the estimated future effects of tax loss carry forwards. The effect of changes in tax rates on deferred taxes is recognized in the period in which the enactment dates change. Valuation allowances are established when necessary on a jurisdictional basis to reduce deferred tax assets to the amounts expected to be realized. The Company accounts for uncertain foreign and domestic tax positions utilizing a proscribed recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.

Revenue Recognition

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

Cost of Sales

Cost of Sales. Costs associated with net sales are recorded in cost of sales. Costs of sales includes the costs of receiving, producing, inspecting, warehousing, insuring, and shipping goods during the period, as well as depreciation and amortization of long-lived assets used in these processes.

Sales promotions and incentives

Advertising Costs

Advertising Costs. The Company expenses advertising costs as incurred except for production costs and advance payments, which are deferred and expensed when advertisements run for the first time. Direct response advance payments are deferred and amortized over the life of the program. Advertising costs are included in selling and marketing expenses in the accompanying Consolidated Statements of Income. Advertising costs charged to expense were $274.2 million, $164.5 million and $148.8 million for the years ended December 31, 2013, 2012 and 2011, respectively. Advertising costs include expenditures for shared advertising costs that the Company reimburses to customers under its integrated and cooperative advertising programs. Cooperative advertising costs paid to customers are recorded as a component of selling and marketing expenses within the Consolidated Statements of Income to the extent of the estimated fair value when the customer provides proof of advertising. The Company periodically assesses the liabilities recorded for cooperative advertising based on actual sales and claims to determine whether all of the cooperative advertising earned will be used by the customer. Advertising costs deferred and included in prepaid expenses and other current assets in the accompanying Consolidated Balance Sheets were $8.5 million and $8.2 million as of December 31, 2013 and 2012, respectively.

Research and Development Expenses

Research and Development Expenses. Research and development expenses for new products are expensed as they are incurred and are included in general, administrative and other expenses in the accompanying Consolidated Statements of Income. Research and development costs charged to expense were approximately $21.0 million, $15.6 million and $9.9 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Royalty Income and Expense

Royalty Income and Expense. The Company recognizes royalty income based on sales of Sealy® and Stearns & Foster® branded products by various licensees. The Company also pays royalties to other entities for the use of their names on products produced by the Company. Royalty income net of royalty expense was $13.7 million for the year ended December 31, 2013.

Stock-Based Compensation

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

Treasury Stock

Treasury Stock. The Board of Directors may authorize share repurchases of the Company’s common stock (“Share Repurchase Authorizations”). Share Repurchase Authorizations may be made through open market transactions, negotiated purchase or otherwise, at times and in such amounts as the Company, and a committee of the Board, deem appropriate. Shares repurchased under Share Repurchase Authorizations are held in treasury for general corporate purposes, including issuances under various employee share-based award plans. Treasury shares are accounted for under the cost method and reported as a reduction of stockholders’ equity. Share Repurchase Authorizations may be suspended, limited or terminated at any time without notice.

Self-Insurance

Self-Insurance. The Company is self-insured for certain losses related to medical claims with excess loss coverage of $0.4 million per claim per year. The Company also utilizes large deductible policies to insure claims related to general liability, product liability, automobile, and workers’ compensation. The Company’s recorded liability for workers’ compensation represents an estimate of the ultimate cost of claims incurred as of the balance sheet date. The estimated workers' compensation liability is undiscounted and is established based upon analysis of historical and actuarial estimates, and is reviewed by the Company and third party actuaries on a quarterly basis to ensure that the liability is appropriate. As of December 31, 2013 $5.4 million of the recorded undiscounted liability is included in accrued expenses and other current liabilities and $9.5 million is included in other non-current liabilities within the accompanying Consolidated Balance Sheets.

Environmental Cost

Environmental Cost. Environmental expenditures that relate to current operations are expensed or capitalized, as appropriate, under the FASB’s authoritative guidance on environmental remediation liabilities. Expenditures that relate to an existing condition caused by past operations and that do not provide future benefits are expensed as incurred. Liabilities are recorded when environmental assessments are made or the requirement for remedial efforts is probable, and the costs can be reasonably estimated. The timing of accruing for these remediation liabilities is generally no later than the completion of feasibility studies. The Company has an ongoing monitoring and identification process to assess how the activities, with respect to the known exposures, are progressing against the accrued cost estimates, as well as to identify other potential remediation sites that are presently unknown.

Pension Obligations

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

Supply Agreements

Supply Agreements. The Company from time to time enters into long term supply agreements with its customers to sell its branded products to customers in exchange for minimum sales volume or a minimum percentage of the customer's sales or space on the retail floor. Such agreements generally cover a period of two to five years. Initial cash outlays by the Company for such agreements are capitalized and amortized generally as a reduction of sales over the life of the contract. The majority of these cash outlays are ratably recoverable upon contract termination. Such capitalized amounts are included in prepaid expenses and other current assets and non-current assets in the Company's Consolidated Balance Sheets.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Schedule of Inventory, Current

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



	December 31,
(in millions)	2013		2012
Finished goods	$	126.7	$	68.5
Work-in-process	10.0		7.9
Raw materials and supplies	62.5		16.6
	$	199.2	$	93.0

Schedule of property, plant and equipment

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



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

Changes in accrued sales returns

The Company had the following activity for accrued sales returns from December 31, 2011 to December 31, 2013:



(in millions)
Balance as of December 31, 2011	$	5.3
Amounts accrued	45.4
Returns charged to accrual	(45.6		)
Balance as of December 31, 2012	5.1
Amounts accrued	104.8
Liabilities assumed as a result of acquisition	19.9
Returns charged to accrual	(101.1		)
Balance as of December 31, 2013	$	28.7

Schedule of warranty terms [Table Text Block]

The following summarizes the Company’s warranty terms:



Segment	Product/Brand	Warranty Term (in years)
Tempur North America	Mattresses	25, prorated ⁽¹⁾
Tempur North America	Pillows	3
Tempur International	Mattresses	15, prorated ⁽¹⁾
Tempur International	Pillows	3
Sealy	Mattresses	10 - 25, prorated ⁽²⁾


(1)	The last 10 years of warranty period are prorated on a straight-line basis.


(2)	Products have various warranty terms, generally non-prorated for the first 10 to 15 years and then prorated for the balance of the warranty term.

Warranty activity

The Company had the following activity for warranties from December 31, 2011 to December 31, 2013:



(in millions)
Balance as of December 31, 2011	$	4.3
Amounts accrued	6.0
Warranties charged to accrual	(5.5		)
Balance as of December 31, 2012	4.8
Amounts accrued	22.7
Liabilities assumed as a result of acquisition	21.4
Warranties charged to accrual	(22.8		)
Balance as of December 31, 2013	$	26.1

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details

Business Combination (Tables)

12 Months Ended

Dec. 31, 2013

Business Combinations [Abstract]

Components of consideration transferred

The purchase price of Sealy consisted of the following items:



(in millions)
Cash consideration for stock	$	231.2		⁽¹⁾
Cash consideration for share-based awards	14.2			⁽²⁾
Cash consideration for 8.0% Sealy Notes	442.1			⁽³⁾
Cash consideration for repayment of Sealy Senior Notes	260.7			⁽⁴⁾
Cash consideration for repayment of Sealy 2014 Notes	276.9			⁽⁵⁾
Total consideration	1,225.1
Cash acquired	(52.2		)	⁽⁶⁾
Net consideration transferred	$	1,172.9


(1)	The cash consideration for outstanding shares of Sealy common stock is the product of the agreed-upon cash per share price of $2.20 and total Sealy shares of 105.1 million.


(2)	The cash consideration for share-based awards is the product of the agreed-upon cash per share price of $2.20 and the total number of RSUs and DSUs outstanding and the “in the money” stock options net of the weighted average exercise price.

(3)


(4)	The cash consideration for Sealy’s 10.875% Senior Notes due 2016 (“Sealy Senior Notes”) reflects the repayment of the outstanding obligation.


(5)	The cash consideration for Sealy’s 8.25% Senior Subordinated Notes due 2014 (“Sealy 2014 Notes”) reflects the repayment of the outstanding obligation.


(6)	Represents the Sealy cash balance acquired at acquisition.

Components of preliminary purchase price allocation

The components of the preliminary purchase price allocation are as follows:



(in millions)
Accounts receivable	$	185.0
Inventory	75.1
Prepaid expenses and other current assets	22.8
Accounts payable	(77.9		)
Accrued expenses	(137.2		)
Property, plant and equipment	242.9
Other assets	32.6
Identifiable intangible assets:
Indefinite-lived trade names	521.2
Contractual retailer/distributor relationships	91.1
Developed technology, including patents	87.1
Customer databases	3.9
Optimum™ trade name	2.3
Deferred income taxes, net	(232.8		)
Sealy 8.0% Notes	(96.2		)
Redeemable non-controlling interest	(11.3		)
Other liabilities	(77.5		)
Goodwill	541.8
Net consideration transferred	$	1,172.9

Preliminary valuation and amortization period of identifiable intangible assets

The table below sets forth the preliminary valuation and amortization period of identifiable intangible assets:



(in millions)	Preliminary Valuation		Amortization Period
Identifiable intangible assets:
Trade names	$	521.2	Indefinite
Contractual retailer/distributor relationships	91.1		15 years
Developed technology, including patents	87.1		10 years
Customer databases	3.9		5 years
Optimum™ trade name	2.3		5 years
Total	$	705.6

Pro forma information



	Year Ended
	December 31,
(in millions, except earnings per common share)	2013		2012
Net sales	$	2,757.2	$	2,750.8
Net income	$	90.9	$	51.2
Earnings per common share – Diluted	$	1.49	$	0.81

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References+ Details

Goodwill and Other intangible assets (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by reportable business segment

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



(in millions)	Total		Tempur North America			Tempur International		Sealy
Balance as of December 31, 2011	$	213.3	$	108.5		$	104.8	$	—
Goodwill resulting from acquisitions	2.2		—			2.2		—
Foreign currency translation adjustments	0.6		0.4			0.2		—
Balance as of December 31, 2012	216.1		108.9			107.2		—
Goodwill resulting from acquisitions	541.8		—			—		541.8
Foreign currency translation adjustments	1.7		(1.2		)	0.1		2.8
Balance as of December 31, 2013	$	759.6	$	107.7		$	107.3	$	544.6

Other intangible assets

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



($ in millions)		December 31, 2013						December 31, 2012
	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Carrying Amount		Accumulated Amortization		Net Carrying Amount
Unamortized indefinite life intangible assets:
Trade name		$	575.3	$	—	$	575.3	$	55.0	$	—	$	55.0
Amortized intangible assets:
Contractual distributor relationships	15	$	90.0	$	4.7	$	85.3	$	—	$	—	$	—
Technology	10	89.5		21.8		67.7		16.0		16.0		—
Patents, other trademarks, & other trade names	5-20	27.4		12.2		15.2		12.9		9.9		3.0
Customer database	5	8.8		5.5		3.3		4.9		4.9		—
Foam formula	10	3.7		3.7		—		3.7		3.7		—
Reacquired rights	3	5.4		5.4		—		5.8		5.3		0.5
Customer relationships	5	6.8		3.5		3.3		6.7		2.1		4.6
Total		$	806.9	$	56.8	$	750.1	$	105.0	$	41.9	$	63.1

Expected future amortization expense

Annual amortization of intangible assets is expected to be as follows:



(in millions)
Year Ending December 31,
2014	$	18.8
2015	18.8
2016	18.7
2017	17.9
2018	17.3

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References+ Details

Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Senior credit facility

Debt for the Company consists of the following:



(in millions)	December 31, 2013			December 31, 2012
$375.0 million Senior Notes, interest at 6.875%, due December 15, 2020	$	375.0		$	375.0
Revolving credit facility, interest at Base Rate plus applicable margin, 2.25% or LIBOR plus applicable margin, 3.25% as of December 31, 2013, commitment through and due March 18, 2018	74.5			—
Term A Facility, interest at Base Rate plus applicable margin 1.5%, or LIBOR plus applicable margin, 2.5% as of December 31, 2013, commitment through and due March 18, 2018	522.5			—
Term B Facility, interest at Base Rate plus applicable margin 1.75%, or LIBOR plus applicable margin, 2.75% as of December 31, 2013, commitment through and due March 18, 2020	737.3			—
8.0% Sealy Notes, due July 15, 2016	99.6			—
Capital lease obligations and other	27.6			—
2011 Domestic long-term revolving credit facility payable to lenders, interest at Base Rate or LIBOR plus applicable margin, 2.05% as of December 31, 2012, extinguished as of March 18, 2013	—			650.0
	1,836.5			1,025.0
Less current portion	(39.6		)	—
	$	1,796.9		$	1,025.0

Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

The following table provides a summary by level of the fair value of financial instruments that are measured on a recurring basis:



(in millions)			Fair Value Measurements at December 31, 2013 Using:
	December 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liability:
Interest rate swap	$	2.3	$	—	$	2.3	$	—



(in millions)			Fair Value Measurements at December 31, 2012 Using:
	December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liability:
Interest rate swap	$	4.3	$	—	$	4.3	$	—

Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of components of net periodic cost for employees

Components of net periodic pension cost for employees included in the accompanying Consolidated Statements of Income were as follows:



(in millions)	2013
Service cost	$	0.9
Interest cost	1.3
Expected return on assets	(1.5		)
Amortization of unrecognized net loss	—
Net periodic pension cost	$	0.7

Schedule of other changes in plan assets and benefit obligations recognized in accumulated other comprehensive income

The other changes in plan assets and benefit obligations recognized in accumulated other comprehensive income were:



(in millions)	2013
Net gain	$	(6.2	)
Amortization of prior service cost	1.0
Total recognized in other comprehensive income	$	(5.2	)

Schedule of weighted-average assumptions used in calculating net periodic benefit costs

The following assumptions, calculated on a weighted‑average basis, were used to determine pension costs for the Company’s pension plans:



	2013
Discount rate ^(a)	4.23	%
Expected long term return on plan assets	6.92	%
Weighted average rate of increase in future compensation levels	—	%


(a)	Due to current economic differences in the interest rates in the jurisdictions of the retirement plans, the discount rates used in 2013 to determine the expenses for the United States retirement plan and Canadian retirement plan were 4.25% and 4.00%, respectively.

Schedule of funded status of the pension plans

The measurement date for all of the Company’s pension plans is December 31, 2013. The funded status of the pension plans as of December 31, 2013 was as follows:



(in millions)	2013
Change in Benefit Obligation:
Projected benefit obligation at beginning of year	$	39.9
Service cost	0.9
Interest cost	1.3
Plan changes	0.5
Actuarial (gains)	(4.8		)
Benefits paid	(0.5		)
Expenses paid	(0.3		)
Foreign currency exchange rate changes	(0.6		)
Projected benefit obligation at end of year	$	36.4
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	26.2
Actual return on assets	2.9
Employer contribution	2.8
Plan Settlements	(0.4		)
Benefits paid	(0.5		)
Expenses paid	(0.3		)
Foreign currency exchange rate changes	(0.2		)
Fair value of plan assets at end of year	$	30.5
Funded status	$	(5.9	)

Schedule of amounts recognized in the consolidated balance sheet and the accumulated benefit obligation and fair value of assets



(in millions)	2013
Amounts recognized in the Consolidated Balance Sheets:
Non-current portion of benefit liability	$	6.7
Non-current benefit asset	0.8
Accumulated other comprehensive income	(5.2		)
Accumulated benefit obligation	$	(36.4	)

Schedule of amounts recognized in accumulated other comprehensive income



(in millions)	2013
Amounts recognized in accumulated other comprehensive income:
Net (gain)	$	(6.2	)
Prior service credit	1.0
Net amount recognized as of year end	$	(5.2	)

Schedule of weighted-average assumptions used in calculating benefit obligations

The following assumptions, calculated on a weighted‑average basis, was used to determine benefit obligations for the Company’s pension plans as of December 31, 2013:



	2013
Discount rate^(a)	5.00	%
Weighted average rate of increase in future compensation levels	—	%


(a)	The discount rates used in 2013 to determine the benefit obligations for the United States retirement plan and Canadian retirement plan were both 5.00%.

Schedule of amounts in accumulated other comprehensive income/(loss) expected to be recognized during the next fiscal year

The amounts in accumulated other comprehensive income/(loss) that are expected to be recognized as components of net income during 2014 are as follows:



(in millions)
Amortization of net gain	$	0.2
Amortization of prior service cost	—

Schedule of estimated future benefit payments

The following table presents estimated future benefit payments:



(in millions)
Fiscal 2014	$	0.7
Fiscal 2015	0.8
Fiscal 2016	0.9
Fiscal 2017	1.0
Fiscal 2018	1.2
Fiscal 2018 ‑ Fiscal 2022	8.1

Schedule of target and actual asset allocations

Target and actual asset allocations are as follows:



	2013 Target		2013 Actual
Allocation of plan assets:
Equity securities	60.00	%	62.09	%
Debt securities	40.00	%	34.91	%
Other	—	%	3.00	%
Total plan assets	100.00	%	100.00	%

Schedule of fair value of pension plan assets by asset category

The fair value of the Company’s pension benefit plan assets at December 31, 2013 by asset category was as follows:



(in millions)	December 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Asset Category
Equity
Mutual funds—U.S. companies	$	13.1	$	13.1	$	—	$	—
Mutual funds—International companies	5.9		5.9		—		—
Total equity funds	19.0		19.0		—		—
Mutual funds—fixed income	10.5		10.5		—		—
Money market funds	1.0		1.0		—		—
Total	$	30.5	$	30.5	$	—	$	—

Schedule of expenses related to the multi-employer benefit plans

The expense recognized by the Company for such contributions was as follows:



(in millions)	2013
Multi‑employer retirement plan expense	$	3.9
Multi‑employer health and welfare plan expense	2.2

Schedule of information regarding multi-employer pension plans

The following table presents information regarding the multi‑employer pension plans that are significant to the Company:

(in millions)

Pension Fund

EIN/Pension Plan Number

Pension Protection Act
Zone Status⁽¹⁾2013

FIP/RP Status
Pending/Implemented⁽²⁾

Contributions of the Company 2013

Surcharge Imposed⁽³⁾

Expiration Date
of Collective
Bargaining Agreement

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

United Furniture Workers Pension Fund A⁽⁴⁾

13-5511877-001

Red

Implemented

0.7

Yes, 10.0%

2014 and 2016

2013

Pension Plan of the National Retirement Fund⁽⁴⁾

13-6130178-001

Red

Implemented

0.7

Yes, 10.0%

2014

N/A

(1)


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


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


(4)	Sealy represented more than 5.0% of the total contributions for the most recent plan year available.

Other Items (Tables)

12 Months Ended

Dec. 31, 2013

Other Items [Abstract]

Property, plant and equipment

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



	December 31,
(in millions)	2013			2012
Machinery and equipment	$	270.8		$	160.9
Land and buildings	261.9			138.0
Computer equipment and software	72.3			52.5
Furniture and fixtures	56.7			40.8
Construction in progress	28.9			17.3
	$	690.6		$	409.5
Accumulated depreciation	(279.0		)	(223.5		)
	$	411.6		$	186.0

Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following:



	December 31,		December 31,
(in millions)	2013		2012
Wages and benefits	$	59.3	$	18.7
Advertising	29.7		10.5
Sales returns	28.7		5.1
Rebates	23.0		4.1
Warranty	14.9		1.9
Interest	1.4		0.5
Freight	5.4		2.5
Professional fees	3.8		5.3
Sales and VAT tax	2.3		7.0
Insurance	3.4		0.9
Other	36.5		31.4
	$	208.4	$	87.9

Accumulated other comprehensive income

Accumulated other comprehensive loss consisted of the following:



	Year Ended December 31,
(in millions)	2013			2012			2011
Foreign Currency Translation
Balance at beginning of period	$	(5.0	)	$	(13.2	)	$	(5.4	)
Other comprehensive (loss):
Foreign currency translation adjustments ⁽¹⁾	(13.3		)	10.9			(7.8		)
Tax benefit (expense) ⁽¹⁾	2.7			(2.7		)	—
Balance at end of period	$	(15.6	)	$	(5.0	)	$	(13.2	)

Interest Rate Swap
Balance at beginning of period	$	(2.7	)	$	(1.6	)	$	(0.9	)
Other comprehensive (loss):
Net change from period revaluations:	5.2			2.7			0.3
Tax (expense)	(1.5		)	(0.5		)	(0.1		)
Total other comprehensive income before reclassifications, net of tax	3.7			2.2			0.2
Net amount reclassified to earnings ⁽³⁾	(3.2		)	(4.0		)	(1.5		)
Tax benefit ⁽²⁾	0.8			0.7			0.6
Total amount reclassified from accumulated other comprehensive loss, net of tax	(2.4		)	(3.3		)	(0.9		)
Total other comprehensive income (loss)	1.3			(1.1		)	(0.7		)
Balance at end of period	$	(1.4	)	$	(2.7	)	$	(1.6	)

Pension Benefits
Balance at beginning of period	$	—		$	—		$	—
Other comprehensive income:
Net change from period revaluations:	5.2			—			—
Tax (expense)	(2.0		)	—			—
Balance at end of period	$	3.2		$	—		$	—


(1)	In 2013 and 2011, there were no tax impacts related to rate changes and no amounts were reclassified to earnings. In 2012, a $2.7 million tax impact was recorded.


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


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

Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2013

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

Schedule of stock-based compensation expense



	December 31,
(in millions)	2013		2012			2011
PRSU expense (benefit)	$	3.0	$	(0.9	)	$	9.5
Stock option expense	8.3		4.4			5.2
RSU/DSU expense	5.6		2.2			2.0
Total stock-based compensation expense	$	16.9	$	5.7		$	16.7

Summary of PRSU activity and related information

The following table shows the PRSUs granted under the LTIP during the year ended December 31, 2013:



(shares in millions)	Performance period	Target shares granted ⁽¹⁾	Weighted-average fair value per share
Year ended 2013	January 1, 2013 – December 31, 2014	0.3	$	39.34


(1)	At the end of the performance period, the actual number of shares issuable can range from zero to 200.0% of the target shares granted, which is assumed to be 100.0%.

A summary of the Company’s PRSU activity and related information for the years ended December 31, 2013 and 2012 is presented below:



(shares in millions)	Shares		Weighted Average Grant Date Fair Value
Awards unvested at December 31, 2011	0.3		$	37.93
Granted	0.4		71.52
Vested	(0.4	)	28.48
Forfeited	—		—
Awards unvested at December 31, 2012	0.3		$	58.52
Granted	0.3		39.34
Vested	—		—
Forfeited	(0.3	)	56.92
Awards unvested at December 31, 2013	0.3		$	39.04

Stock options valuation assumptions



	Year Ended
	December 31,
	2013	2012	2011
Expected volatility range of stock	63.0% - 72.8%	49.0% - 73.0%	72.0% - 74.0%
Expected life of option, range in years	2 - 3	2 - 4	3 - 4
Risk-free interest range rate	0.3% - 0.6%	0.3% - 0.7%	0.7% - 1.7%
Expected dividend yield on stock	0.6% - 0.9%	0.0% - 1.3%	0.0% - 0.7%

Schedule of stock option activity

A summary of the Company’s unvested shares relating to stock options as of December 31, 2013 and 2012 and changes during the years ended December 31, 2013 and 2012 are presented below:



(shares in millions)	Shares		Weighted Average Grant Date Fair Value
Options unvested at December 31, 2011	1.3		$	5.44
Granted	0.4		35.75
Vested	(0.8	)	11.49
Forfeited	—		—
Options unvested at December 31, 2012	0.9		$	23.49
Granted	0.6		39.77
Vested	(0.8	)	19.71
Forfeited	(0.1	)	39.62
Options unvested at December 31, 2013	0.6		$	42.16

A summary of the Company’s stock option activity under the 2002 Option Plan, 2003 Plan and 2013 Plan for the years ended December 31, 2013 and 2012 is presented below:



(in millions, except exercise price and years)	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Options outstanding at December 31, 2011	3.4		$	11.15
Granted	0.4		35.75
Exercised	(0.9	)	12.61
Terminated	—		—
Options outstanding at December 31, 2012	2.9		$	17.00
Granted	0.6		39.77
Exercised	(0.6	)	14.54
Terminated	(0.1	)	39.62
Options outstanding at December 31, 2013	2.8		$	21.73	5.82	$	82.6

Options exercisable at December 31, 2013	2.2		$	15.63	4.88	$	60.1

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

A summary of the Company's RSU and DSU Activity and related information for the years ended December 31, 2013 and 2012 is presented below:



(in millions, except release price and years)	Shares		Weighted Average Release Price		Aggregate Intrinsic Value
Awards outstanding at December 31, 2011	0.2		$	30.41
Granted	—		62.03
Exercised	—		—
Terminated	—		—
Awards outstanding at December 31, 2012	0.2		$	32.03
Granted	0.2		45.56
Exercised	(0.2	)	30.49
Terminated	—		—
Awards outstanding at December 31, 2013	0.2		$	47.00	$	10.8

Schedule of Unrecognized Compensation Expense



(in millions, except years)	December 31, 2013		Weighted Average Remaining Vesting Period (Years)
Unrecognized stock option expense	$	5.2	1.15
Unrecognized DSU/RSU expense	2.9		0.89
Unrecognized PRSU expense	2.4		1.34
Total unrecognized stock-based compensation expense	$	10.5	1.12

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Reconciliation of statutory tax rate to effective tax rate

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



	Year Ended December 31,
	2013					2012					2011
(in millions)	Amount			Percentage of Income Before Income Taxes		Amount			Percentage of Income Before Income Taxes		Amount			Percentage of Income Before Income Taxes
Statutory U.S. federal income tax	$	44.8		35.0	%	$	80.2		35.0	%	$	114.9		35.0	%
State income taxes, net of federal benefit	1.7			1.3	%	4.5			2.0	%	7.9			2.4	%
Foreign repatriation, net of foreign tax credits	(16.0		)	(12.6	)%	48.1			21.0	%	—			—	%
Foreign tax differential	(12.3		)	(9.6	)%	(9.7		)	(4.2	)%	(9.4		)	(2.9	)%
Change in valuation allowances	20.4			15.9	%	(2.8		)	(1.2	)%	(5.9		)	(1.8	)%
Uncertain tax positions	4.7			3.7	%	2.6			1.1	%	4.1			1.2	%
Subpart F income	1.5			1.2	%	4.1			1.8	%	3.2			1.0	%
Manufacturing deduction	0.1			—	%	(3.8		)	(1.7	)%	(5.0		)	(1.5	)%
Permanent and other	4.2			3.5	%	(0.8		)	(0.4	)%	(1.0		)	(0.3	)%
Effective income tax provision	$	49.1		38.4	%	$	122.4		53.4	%	$	108.8		33.1	%

Pre-tax income attributable to operating segments

The following sets forth the amount of income or (loss) before income taxes attributable to each of the Company’s operating segments for the years ended December 31, 2013, 2012 and 2011:



	Year Ended December 31,
(in millions)	2013			2012		2011
Income before income taxes:
United States	$	(4.5	)	$	126.2	$	224.6
Rest of the world	132.5			103.0		103.8
	$	128.0		$	229.2	$	328.4

Reconciliation of beginning and ending amount of unrecognized tax benefits

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



(in millions)
Balance as of December 31, 2011	$	13.3
Additions based on tax positions related to 2011	1.1
Additions for tax positions of prior years	—
Settlements of uncertain tax positions with tax authorities	(1.5		)
Balance as of December 31, 2012	12.9
Additions attributable to Sealy on date of acquisition	9.2
Additions based on tax positions related to 2013	2.3
Additions for tax positions of prior years	7.2
Settlements of uncertain tax positions with tax authorities	(5.5		)
Balance as of December 31, 2013	$	26.1

Operating loss and tax credit carryforwards

The Company has the following gross income tax attributes available at December 31, 2013 and 2012 respectively (in millions):



	2013		2012
U.S. federal net operating loss (“FedNOLs”)	$	19.6	$	—
State net operating losses (“SNOLs”)	135.6		—
U.S. federal foreign tax credits (“FTCs”)	20.4		—
U.S. state income tax credits ("SITCs")	0.7		—
Foreign net operating losses (“FNOLs”)	67.1		37.0

Tax provision summary

The income tax provision consisted of the following:



	Year Ended December 31,
(in millions)	2013			2012			2011
Current provision
Federal	$	48.6		$	49.9		$	76.9
State	7.3			7.8			12.0
Foreign	42.3			26.3			28.4
Total current	$	98.2		$	84.0		$	117.3
Deferred provision
Federal	$	(47.0	)	$	37.1		$	(1.4	)
State	0.4			4.2			(0.2		)
Foreign	(2.5		)	(2.9		)	(6.9		)
Total deferred	(49.1		)	38.4			(8.5		)
Total income tax provision	$	49.1		$	122.4		$	108.8

Deferred tax assets and liabilities recognized in the Consolidated Balance Sheets

The net deferred tax assets and liabilities recognized in the accompanying Consolidated Balance Sheets consisted of the following:



	December 31,
(in millions)	2013			2012
Deferred tax assets:
Stock-based compensation	$	10.0		$	11.7
Accrued expenses and other	53.7			10.6
Net operating losses and foreign tax credits	55.3			9.6
Inventories	4.6			3.5
Intangible assets	9.0			2.4
Property, plant and equipment	3.9			1.5
Total deferred tax assets	136.5			39.3
Valuation allowances	(39.4		)	(0.1		)
Total net deferred tax assets	$	97.1		$	39.2
Deferred tax liabilities:
Foreign repatriation, net of foreign tax credits	$	—		$	(45.4	)
Intangible assets	(261.9		)	(21.8		)
Property, plant and equipment	(62.5		)	(13.1		)
Accrued expenses and other	(4.3		)	(3.7		)
Total deferred tax liabilities	(328.7		)	(84.0		)
Net deferred tax liabilities	$	(231.6	)	$	(44.8	)

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Total assets by segment

The following table summarizes total assets by segment:



	December 31,
(in millions)	2013			2012
Tempur North America	$	2,110.7		$	1,166.9
Tempur International	477.7			504.1
Sealy	1,956.6			—
Inter-segment eliminations	(1,815.1		)	(351.5		)
Total assets	$	2,729.9		$	1,319.5

The following table summarizes long-lived assets by segment:



	December 31,
(in millions)	2013		2012
Tempur North America	$	393.1	$	395.7
Tempur International	68.7		69.5
Sealy	1,459.5		—
Total long lived assets	$	1,921.3	$	465.2

Long-lived assets by segment and net sales by geographic area

The following table summarizes long-lived assets by segment:



	December 31,
(in millions)	2013		2012
Tempur North America	$	393.1	$	395.7
Tempur International	68.7		69.5
Sealy	1,459.5		—
Total long lived assets	$	1,921.3	$	465.2

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



	Year Ended December 31,
(in millions)	2013		2012
United States	$	1,647.0	$	374.7
Canada	52.1		20.8
Other International	222.2		69.7
	$	1,921.3	$	465.2
Total International	274.3		90.5

The following table summarizes net sales by geographic region:



	Year Ended December 31,
(in millions)	2013		2012		2011
United States	$	1,736.8	$	923.4	$	958.0
Canada	190.2		40.8		46.7
Other International	537.3		438.7		413.2
	$	2,464.3	$	1,402.9	$	1,417.9
Total International	727.5		479.5		459.9

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]

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



	Year Ended December 31,
(in millions)	2013		2012
United States	$	1,647.0	$	374.7
Canada	52.1		20.8
Other International	222.2		69.7
	$	1,921.3	$	465.2
Total International	274.3		90.5

Segment financial information

The following table summarizes segment information:



	Year Ended December 31,
(in millions)	2013		2012		2011
Net sales to external customers:
Tempur North America
Bedding	$	830.4	$	882.3	$	916.7
Other products	79.6		82.0		88.0
	$	910.0	$	964.3	$	1,004.7

Tempur International
Bedding	$	327.7	$	332.4	$	309.8
Other products	111.9		106.2		103.4
	$	439.6	$	438.6	$	413.2

Sealy
Bedding	$	1,040.3	$	—	$	—
Other products	74.4		—		—
	$	1,114.7	$	—	$	—
	$	2,464.3	$	1,402.9	$	1,417.9

Inter-segment sales:
Tempur North America	$	0.2	$	0.9	$	5.0



Tempur International	0.6			1.5			2.2
Sealy	5.9			—			—
Intercompany eliminations	(6.7		)	(2.4		)	(7.2		)
	$	—		$	—		$	—

Gross profit:
Tempur North America	$	392.7		$	449.3		$	499.8
Tempur International	269.8			265.3			243.3
Sealy	352.4			—			—
	$	1,014.9		$	714.6		$	743.1

Operating income:
Tempur North America	$	67.6		$	144.4		$	236.9
Tempur International	107.5			103.9			103.6
Sealy	68.7			—			—
	$	243.8		$	248.3		$	340.5

Income (loss) before income taxes:
Tempur North America	$	(33.8	)	$	126.2		$	224.6
Tempur International	102.6			103.0			103.8
Sealy	59.2			—			—
	$	128.0		$	229.2		$	328.4

Depreciation and amortization (including stock-based compensation amortization):
Tempur North America	$	42.0		$	30.6		$	41.1
Tempur International	12.8			11.4			9.9
Sealy	36.7			—			—
	$	91.5		$	42.0		$	51.0

Intercompany royalties:
Tempur North America	$	5.8		$	12.7		$	12.3
Tempur International	(5.8		)	(12.7		)	(12.3		)
Sealy	—			—			—
	$	—		$	—		$	—

Capital expenditures:
Tempur North America	$	20.7		$	36.8		$	18.8
Tempur International	10.1			13.7			10.7
Sealy	9.2			—			—
	$	40.0		$	50.5		$	29.5

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References+ Details

- Definition

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

+ References+ Details

Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly financial data

Quarterly results of operations for the years ended December 31, 2013 and 2012, which include Sealy's results of operations from March 18, 2013 through December 31, 2013, are summarized below:



(in millions, except per share amounts)	First Quarter		Second Quarter			Third Quarter			Fourth Quarter
2013
Net sales	$	390.1	$	660.6		$	735.5		$	678.1
Gross profit	188.4		254.9			298.7			272.9
Operating income	44.5		44.0			81.2			74.1
Net income (loss)	12.5		(1.6		)	40.2			27.5
Basic earnings (loss) per common share	$	0.21	$	(0.03	)	$	0.66		$	0.45
Diluted earnings (loss) per common share	$	0.20	$	(0.03	)	$	0.65		$	0.45

2012
Net sales	$	384.4	$	329.5		$	347.9		$	341.1
Gross profit	205.9		166.9			171.2			170.6
Operating income	86.1		47.5			63.4			51.3
Net income	56.2		29.1			(2.0		)	23.5
Basic earnings (loss) per common share	$	0.88	$	0.46		$	(0.03	)	$	0.39
Diluted earnings (loss) per common share	$	0.86	$	0.45		$	(0.03	)	$	0.39

Guarantor/Non-Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Guarantor/Non-Guarantor Financial Information

Schedule of supplemental condensed consolidating statements of operations

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2013

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,758.2		$	728.1		$	(22.0	)	$	2,464.3
Cost of sales	—			1,110.5			360.9			(22.0		)	1,449.4
Gross profit	—			647.7			367.2			—			1,014.9
Selling and marketing expenses	2.4			358.1			162.4			—			522.9
General, administrative and other expenses	17.1			181.6			67.6			—			266.3
Equity income in earnings of unconsolidated affiliates	—			—			(4.4		)	—			(4.4		)
Royalty income, net of royalty expense	—			(13.7		)	—			—			(13.7		)
Operating (loss) income	(19.5		)	121.7			141.6			—			243.8

Other expense, net:
Third party interest expense, net	27.5			81.5			1.8			—			110.8
Intercompany interest expense (income), net	32.7			(34.1		)	1.4			—			—
Interest expense, net	60.2			47.4			3.2			—			110.8
Other (income) expense, net	—			(0.9		)	5.9			—			5.0
Total other expense	60.2			46.5			9.1			—			115.8

Income from equity investees	133.4			93.6			—			(227.0		)	—

Income before income taxes	53.7			168.8			132.5			(227.0		)	128.0
Income tax benefit (provision)	25.2			(35.4		)	(38.9		)	—			(49.1		)
Net income	78.9			133.4			93.6			(227.0		)	78.9
Less: net income attributable to non-controlling interest	0.3			0.3			—			(0.3		)	0.3
Net income attributable to Tempur Sealy International, Inc.	$	78.6		$	133.1		$	93.6		$	(226.7	)	$	78.6

Comprehensive income	$	72.5		$	133.8		$	86.2		$	(220.0	)	$	72.5

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2012

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	947.8		$	481.0		$	(25.9	)	$	1,402.9
Cost of sales	—			509.0			205.2			(25.9		)	688.3
Gross profit	—			438.8			275.8			—			714.6
Selling and marketing expenses	2.5			191.9			124.7			—			319.1
General, administrative and other expenses	4.9			96.4			45.9			—			147.2
Equity income in earnings of unconsolidated affiliates	—			—			—			—			—
Royalty income, net of royalty expense	—			—			—			—			—
Operating (loss) income	(7.4		)	150.5			105.2			—			248.3

Other expense, net:
Third party interest expense, net	—			18.3			0.5			—			18.8
Intercompany interest expense (income), net	31.5			(31.5		)	—			—			—
Interest expense (income), net	31.5			(13.2		)	0.5			—			18.8
Other expense, net	—			—			0.3			—			0.3
Total other expense (income)	31.5			(13.2		)	0.8			—			19.1

Income from equity investees	134.8			81.0			—			(215.8		)	—

Income before income taxes	95.9			244.7			104.4			(215.8		)	229.2
Income tax benefit (provision)	10.9			(109.9		)	(23.4		)	—			(122.4		)
Net income	106.8			134.8			81.0			(215.8		)	106.8
Less: net income attributable to non-controlling interest	—			—			—			—			—
Net income attributable to Tempur Sealy International, Inc.	$	106.8		$	134.8		$	81.0		$	(215.8	)	$	106.8

Comprehensive income	$	113.9		$	136.9		$	86.0		$	(222.9	)	$	113.9

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Income and Comprehensive Income

Year Ended December 31, 2011

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	987.9		$	462.2		$	(32.2	)	$	1,417.9
Cost of sales	—			504.3			202.7			(32.2		)	674.8
Gross profit	—			483.6			259.5			—			743.1
Selling and marketing expenses	4.1			162.7			110.1			—			276.9
General, administrative and other expenses	14.5			70.2			41.0			—			125.7
Equity income in earnings of unconsolidated affiliates	—			—			—			—			—
Royalty income, net of royalty expense	—			—			—			—			—
Operating (loss) income	(18.6		)	250.7			108.4			—			340.5

Other expense, net:
Third party interest expense, net	—			11.1			0.8			—			11.9
Intercompany interest expense (income), net	23.3			(23.3		)	—			—			—
Interest expense (income), net	23.3			(12.2		)	0.8			—			11.9
Other expense, net	—			0.2			—			—			0.2
Total other expense (income)	23.3			(12.0		)	0.8			—			12.1

Income from equity investees	250.7			86.1			—			(336.8		)	—

Income before income taxes	208.8			348.8			107.6			(336.8		)	328.4
Income tax benefit (provision)	10.8			(98.1		)	(21.5		)	—			(108.8		)
Net income	219.6			250.7			86.1			(336.8		)	219.6
Less: net income attributable to non-controlling interest	—			—			—			—			—
Net income attributable to Tempur Sealy International, Inc.	$	219.6		$	250.7		$	86.1		$	(336.8	)	$	219.6

Comprehensive income	$	211.1		$	249.4		$	78.9		$	(328.3	)	$	211.1

Schedule of supplemental condensed consolidating balance sheets

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Balance Sheets

December 31, 2013

(in millions)



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

Current Assets:
Cash and cash equivalents	$	—	$	30.9	$	50.1		$	—		$	81.0
Accounts receivable, net	—		192.6		156.6			—			349.2
Inventories	—		147.5		51.7			—			199.2
Income taxes payable	118.4		—		—			(118.4		)	—
Prepaid expenses and other current assets	—		26.3		27.4			—			53.7
Deferred income taxes	10.0		29.3		5.1			—			44.4
Total Current Assets	128.4		426.6		290.9			(118.4		)	727.5
Property, plant and equipment, net	—		335.9		75.7			—			411.6
Goodwill	—		577.2		182.4			—			759.6
Other intangible assets, net	—		624.6		125.5			—			750.1
Deferred tax asset	—		—		10.9			—			10.9
Other non-current assets	7.6		47.0		15.6			—			70.2
Net investment in subsidiaries	756.0		—		—			(756.0		)	—
Due from affiliates	1,299.9		2,306.5		0.9			(3,607.3		)	—
Total Assets	$	2,191.9	$	4,317.8	$	701.9		$	(4,481.7	)	$	2,729.9

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	140.5	$	50.7		$	—		$	191.2
Accrued expenses and other current liabilities	1.4		144.2		62.8			—			208.4
Deferred income taxes	—		—		0.8			—			0.8
Income taxes payable	—		115.2		4.7			(118.4		)	1.5
Current portion of long-term debt	—		36.6		3.0			—			39.6
Total Current Liabilities	1.4		436.5		122.0			(118.4		)	441.5
Long-term debt	375.0		1,421.9		—			—			1,796.9
Deferred income taxes	—		252.8		33.3			—			286.1
Other non-current liabilities	—		69.1		6.2			—			75.3
Due to affiliates	1,685.4		1,381.5		940.5			(4,007.4		)	—
Total Liabilities	2,061.8		3,561.8		1,102.0			(4,125.8		)	2,599.8

Redeemable non-controlling interest	11.5		11.5		—			(11.5		)	11.5

Total Stockholders’ Equity	118.6		744.5		(400.1		)	(344.4		)	118.6
Total Liabilities and Stockholders’ Equity	$	2,191.9	$	4,317.8	$	701.9		$	(4,481.7	)	$	2,729.9

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Balance Sheets

December 31, 2012

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	19.2	$	160.1	$	—		$	179.3
Accounts receivable, net	—		63.6		72.7		—			136.3
Inventories	—		55.7		37.3		—			93.0
Escrow Receivable	375.0		—		—		—			375.0
Income tax receivable	86.2		—		—		(86.2		)	—
Prepaid expenses and other current assets	—		26.4		15.0		—			41.4
Deferred income taxes	11.7		—		2.6		(11.7		)	2.6
Total Current Assets	472.9		164.9		287.7		(97.9		)	827.6
Property, plant and equipment, net	—		132.7		53.3		—			186.0
Goodwill	—		89.9		126.2		—			216.1
Other intangible assets, net	—		42.9		20.2		—			63.1
Deferred tax asset	—		—		10.4		—			10.4
Other non-current assets	—		13.4		2.9		—			16.3
Net investment in subsidiaries	1,213.0		300.2		—		(1,513.2		)	—
Due from affiliates	28.0		1,460.0		3.4		(1,491.4		)	—
Total Assets	$	1,713.9	$	2,204.0	$	504.1	$	(3,102.5	)	$	1,319.5

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable	$	—	$	60.0	$	25.8	$	—		$	85.8
Accrued expenses and other current liabilities	0.2		52.7		35.0		—			87.9
Deferred income taxes	—		37.6		0.6		(11.7		)	26.5
Income taxes payable	—		89.3		12.4		(86.2		)	15.5
Total Current Liabilities	0.2		239.6		73.8		(97.9		)	215.7
Long-term debt	375.0		650.0		—		—			1,025.0
Deferred income taxes	—		28.9		2.5		—			31.4
Other non-current liabilities	—		23.5		1.6		—			25.1
Due to affiliates	1,316.4		49.0		126.0		(1,491.4		)	—
Total Liabilities	1,691.6		991.0		203.9		(1,589.3		)	1,297.2

Total Stockholders’ Equity	22.3		1,213.0		300.2		(1,513.2		)	22.3
Total Liabilities and Stockholders’ Equity	$	1,713.9	$	2,204.0	$	504.1	$	(3,102.5	)	$	1,319.5

Schedule of supplemental condensed consolidating statements of cash flows

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 31, 2013

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(66.1	)	$	80.9		$	83.7		$	—	$	98.5

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash acquired	$	—		$	(1,035.3	)	$	(137.6	)	$	—	$	(1,172.9	)
Purchases of property, plant and equipment	—			(28.3		)	(11.7		)	—		(40.0		)
Other	—			(54.7		)	54.6			—		(0.1		)
Net cash used in investing activities	—			(1,118.3		)	(94.7		)	—		(1,213.0		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from 2012 Credit Agreement	—			2,992.6			—			—		2,992.6
Repayments 2012 Credit Agreement	—			(1,658.3		)	—			—		(1,658.3		)
Proceeds from issuance of Senior Notes	375.0			—			—			—		375.0
Proceeds from 2011 Credit Facility	—			46.5			—			—		46.5
Repayments of 2011 Credit Facility	—			(696.5		)	—			—		(696.5		)
Net activity in investment in and advances (to) from subsidiaries and affiliates	(772.8		)	874.9			(102.1		)	—		—
Payment of deferred financing costs	(8.4		)	(43.6		)	—			—		(52.0		)
Proceeds from exercise of stock options	8.7			—			—			—		8.7
Excess tax benefit from stock based compensation	5.4			—			—			—		5.4
Treasury stock repurchased	458.2			(465.2		)	—			—		(7.0		)
Other	—			(1.3		)	0.3			—		(1.0		)
Net cash provided by (used in) financing activities	66.1			1,049.1			(101.8		)	—		1,013.4

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			2.8			—		2.8
Increase (decrease) in cash and cash equivalents	—			11.7			(110.0		)	—		(98.3		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	—			19.2			160.1			—		179.3
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	30.9		$	50.1		$	—	$	81.0

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 31, 2012

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(43.6	)	$	140.5		$	93.0		$	—	$	189.9
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash acquired	—			—			(4.5		)	—		(4.5		)
Purchase of property, plant and equipment	—			(36.7		)	(13.8		)	—		(50.5		)
Other	—			(0.1		)	0.1			—		—
Net cash used in investing activities	—			(36.8		)	(18.2		)	—		(55.0		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from 2012 Credit Agreement	$	—		$	—		$	—		$	—	$	—
Repayments of the 2012 Credit Agreement	—			—			—			—		—
Proceeds from the 2011 Credit Facility	—			352.0			—			—		352.0
Repayments of the 2011 Credit Facility	—			(287.0		)	—			—		(287.0		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	187.0			(170.8		)	(16.2		)	—		—
Payment of deferred financing costs	(2.2		)	—			(0.1		)	—		(2.3		)
Proceeds from exercise of stock options	11.4			—			—			—		11.4
Excess tax benefit from stock based compensation	—			10.5			—			—		10.5
Treasury stock repurchased	(152.6		)	—			—			—		(152.6		)
Other	—			—			(2.8		)	—		(2.8		)
Net cash provided by (used in) financing activities	43.6			(95.3		)	(19.1		)	—		(70.8		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			3.8			—		3.8
Increase in cash and cash equivalents	—			8.4			59.5			—		67.9
CASH AND CASH EQUIVALENTS, BEGININNG OF PERIOD	—			10.8			100.6			—		111.4
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	19.2		$	160.1		$	—	$	179.3

TEMPUR SEALY INTERNATIONAL, INC.

Supplemental Consolidated Statements of Cash Flows

Year Ended December 31, 2011

(in millions)



	Tempur Sealy International, Inc. (Ultimate Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net cash (used in) provided by operating activities	$	(24.6	)	$	192.4		$	80.9		$	—	$	248.7
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of business, net of cash acquired	—			—			(4.6		)	—		(4.6		)
Purchase of property, plant and equipment	—			(18.8		)	(10.7		)	—		(29.5		)
Other	—			(0.2		)	(1.8		)	—		(2.0		)
Net cash used in investing activities	—			(19.0		)	(17.1		)	—		(36.1		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from 2012 Credit Agreement	$	—		$	—		$	—		$	—	$	—
Repayments of the 2012 Credit Agreement	—			—			—			—		—
Proceeds from the 2011 Credit Facility	—			821.5			—			—		821.5
Repayments of the 2011 Credit Facility	—			(643.5		)	—			—		(643.5		)
Net activity in investment in and advances from (to) subsidiaries and affiliates	363.9			(360.1		)	(3.8		)	—		—
Payment of deferred financing costs	—			(6.1		)	(0.1		)	—		(6.2		)
Proceeds from exercise of stock options	26.3			—			—			—		26.3
Excess tax benefit from stock based compensation	—			19.2			—			—		19.2
Treasury stock repurchased	(365.9		)	—			—			—		(365.9		)
Other	—			—			(0.3		)	—		(0.3		)
Net cash provided by (used in) financing activities	24.3			(169.0		)	(4.2		)	—		(148.9		)

NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(5.9		)	—		(5.9		)
(Decrease) increase in cash and cash equivalents	(0.3		)	4.4			53.7			—		57.8
CASH AND CASH EQUIVALENTS, BEGININNG OF PERIOD	0.3			6.4			46.9			—		53.6
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	—		$	10.8		$	100.6		$	—	$	111.4

Summary of Significant Accounting Policies - Basis of presentation and of business (Details)	12 Months Ended		9 Months Ended
	Dec. 31, 2013 facility	Dec. 31, 2013 Sealy Canada [Member]	Dec. 31, 2013 Variable Interest Entity, Primary Beneficiary [Member] Comfort Revolution [Member]
Business Acquisition [Line Items]
Number of Active Plants	4
Number of Previously Closed U S Facilities	8
Noncontrolling Interest, Ownership Percentage by Parent	100.00%	100.00%
Equity Method Investment, Ownership Percentage			45.00%

Summary of Significant Accounting Policies - Sales returns and warranty information (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Sales returns [Abstract]

Beginning balance

$ 5.1

$ 5.3

Amounts accrued

104.8

45.4

Liabilities assumed as result of acquisition

19.9

Returns charged to accrual

(101.1)

(45.6)

Ending balance

28.7

5.1

Movement in Standard Product Warranty Accrual [Roll Forward]

Product Warranty Accrual, Current

14.9

1.9

Product Warranty Accrual, Noncurrent

11.2

2.9

Warranty Reserves [Member]

Sales returns [Abstract]

Liabilities assumed as result of acquisition

21.4

Movement in Standard Product Warranty Accrual [Roll Forward]

Beginning balance

4.8

4.3

Amounts accrued

22.7

6.0

Warranties charged to accrual

(22.8)

(5.5)

Ending balance

$ 26.1

$ 4.8

Mattresses [Member] | North America [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Warranty Term

25 years

^[1]

Mattresses [Member] | International [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Warranty Term

15 years

^[1]

Mattresses [Member] | Minimum [Member] | Sealy [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Warranty Term

10 years

^[2]

Mattresses [Member] | Maximum [Member] | Sealy [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Warranty Term

25 years

^[2]

Pillows Two [Member] | North America [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Warranty Term

3 years

Pillows Two [Member] | International [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Warranty Term

3 years

Prorated [Member] | Mattresses [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Warranty Term

10 years

Non-prorated [Member] | Mattresses [Member] | Minimum [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Warranty Term

10 years

Non-prorated [Member] | Mattresses [Member] | Maximum [Member]

Valuation and Qualifying Accounts Disclosure [Line Items]

Warranty Term

15 years

[1]	The last 10 years of warranty period are prorated on a straight-line basis.
[2]	Products have various warranty terms, generally non-prorated for the first 10 to 15 years and then prorated for the balance of the warranty term.

Summary of Significant Accounting Policies - Other information (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Inventory [Abstract]
Finished goods	$ 126.7	$ 68.5
Work-in-process	10.0	7.9
Raw materials and supplies	62.5	16.6
Total	199.2	93.0
Revenue Recognition [Abstract]
Allowance for doubtful accounts included in accounts receivable, net	19.3	8.2
Shipping and handling included in net sales	12.5	4.9	6.0
Shipping and handling included in cost of sales	142.5	99.7	101.2
Advertising Costs [Abstract]
Advertising costs charged to expense	274.2	164.5	148.8
Advertising costs deferred and included in Prepaid expenses and other current assets	8.5	8.2
Research and Development Expenses {Abstract]
Research and development costs charged to expense	21.0	15.6	9.9
Acceleration of debt issuance costs	4.7
Royalty income, net of royalty expense	13.7	0	0
Self Insurance [Abstract]
Self Insurance Reserve, Current	5.4
Self Insurance Reserve, Noncurrent	$ 9.5
Term of Supply Agreements Minimum	2 years
Term of Supply Agreements Maximum	5 years
Building [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	25 years
Building [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	30 years
Computer equipment and software [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Computer equipment and software [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	4 years
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years
Machinery Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Machinery Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years
Office furniture and fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Office furniture and fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years

Business Combination - Consideration transferred (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified

0 Months Ended

12 Months Ended

Mar. 18, 2013

Dec. 31, 2013

Sealy [Member]

Business Acquisition [Line Items]

Cash consideration for stock

$ 231.2

^[1]

Cash consideration for share-based awards

14.2

^[2]

Cash consideration for 8.0% Sealy Notes

442.1

^[3]

Cash consideration for repayment of Sealy Senior Notes

260.7

^[4]

Cash consideration for repayment of Sealy 2014 Notes

276.9

^[5]

Total consideration

1,225.1

Cash acquired

(52.2)

^[6]

Net consideration transferred

1,172.9

Cash price per share (in dollars per share)

$ 2.20

Number of shares issued (shares)

105.1

Consideration that would have been payable to a holder of common stock

201.0

Direct transaction costs

18.7

Incremental interest expense

$ 19.9

Sealy Notes [Member]

Business Acquisition [Line Items]

Stated percentage (in hundredths)

8.00%

Sealy Notes [Member] | Sealy [Member]

Business Acquisition [Line Items]

Stated percentage (in hundredths)

8.00%

Senior Notes [Member]

Business Acquisition [Line Items]

Stated percentage (in hundredths)

6.875%

Senior Notes [Member] | Sealy [Member]

Business Acquisition [Line Items]

Stated percentage (in hundredths)

10.875%

Subordinated Debt [Member] | Sealy [Member]

Business Acquisition [Line Items]

Stated percentage (in hundredths)

8.25%

[1]	The cash consideration for outstanding shares of Sealy common stock is the product of the agreed-upon cash per share price of $2.20 and total Sealy shares of 105.1 million.
[2]	The cash consideration for share-based awards is the product of the agreed-upon cash per share price of $2.20 and the total number of RSUs and DSUs outstanding and the “in the money” stock options net of the weighted average exercise price.
[3]	The cash consideration for Sealy’s 8.0% Senior Secured Third Lien Convertible Notes due 2016 (“8.0% Sealy Notes”) is the result of applying the adjusted equity conversion rate to the 8.0% Sealy Notes tendered for conversion and multiplying the result by the agreed-upon cash per share price of $2.20. The 8.0% Sealy Notes that were converted represented the right to receive the same merger consideration that would have been payable to a holder of 201.0 million shares of Sealy common stock, subject to adjustment in accordance with the terms of the supplemental indenture governing the 8.0% Sealy Notes.
[4]	The cash consideration for Sealy’s 10.875% Senior Notes due 2016 (“Sealy Senior Notes”) reflects the repayment of the outstanding obligation.
[5]	The cash consideration for Sealy’s 8.25% Senior Subordinated Notes due 2014 (“Sealy 2014 Notes”) reflects the repayment of the outstanding obligation.
[6]	Represents the Sealy cash balance acquired at acquisition.

Business Combination - Preliminary purchase price allocation (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended
	Mar. 18, 2013
Minimum [Member]
Identifiable intangible assets:
Discount rate (percent)	11.00%
Maximum [Member]
Identifiable intangible assets:
Discount rate (percent)	12.00%
Sealy [Member]
Business Acquisition [Line Items]
Accounts receivable	$ 185.0
Inventory	75.1
Prepaid expenses and other current assets	22.8
Accounts payable	(77.9)
Accrued expenses	(137.2)
Property, plant and equipment	242.9
Other assets	32.6
Identifiable intangible assets:
Deferred income taxes, net	(232.8)
Sealy 8.0% Notes	(96.2)
Redeemable non-controlling interest	(11.3)
Other liabilities	(77.5)
Goodwill	541.8
Net consideration transferred	1,172.9
Sealy [Member] \| Contractual or Distributer Relationships [Member]
Identifiable intangible assets:
Finite-lived intangible assets	91.1
Sealy [Member] \| Developed Technology Rights [Member]
Identifiable intangible assets:
Finite-lived intangible assets	87.1
Sealy [Member] \| Database Rights [Member]
Identifiable intangible assets:
Finite-lived intangible assets	3.9
Sealy [Member] \| Trade Names [Member]
Identifiable intangible assets:
Finite-lived intangible assets	2.3
Sealy [Member] \| Trade Names [Member]
Identifiable intangible assets:
Indefinite-lived intangible assets	$ 521.2

Business Combination - Preliminary valuation and amortization period of intangible assets (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013
Business Acquisition [Line Items]
Acquired intangible assets, total	$ 705.6
Fair value of real property	101.1
Fair value of personal property	141.8
Contractual or Distributer Relationships [Member]
Business Acquisition [Line Items]
Finite-lived intangible asset, amount	91.1
Amortization period of intangible assets	15 years
Developed Technology Rights [Member]
Business Acquisition [Line Items]
Finite-lived intangible asset, amount	87.1
Amortization period of intangible assets	10 years
Database Rights [Member]
Business Acquisition [Line Items]
Finite-lived intangible asset, amount	3.9
Amortization period of intangible assets	5 years
Trade Names [Member]
Business Acquisition [Line Items]
Finite-lived intangible asset, amount	2.3
Amortization period of intangible assets	5 years
Trade Names [Member]
Business Acquisition [Line Items]
Indefinite-lived intangible asset, amount	$ 521.2
Minimum [Member]
Business Acquisition [Line Items]
Amortization period of intangible assets	5 years
Maximum [Member]
Business Acquisition [Line Items]
Amortization period of intangible assets	15 years

Business Combination - Pro forma information (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Business Acquisition [Line Items]
Net sales	$ 2,757.2	$ 2,750.8
Net (loss) income	$ 90.9	$ 51.2
(Loss) earnings from continuing operations per common share – Diluted	$ 1.49	$ 0.81

- Definition

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References+ Details

Goodwill and Other intangible assets - Goodwill by reportable business segment (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended			12 Months Ended			12 Months Ended			12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012 North America [Member]	Dec. 31, 2011 North America [Member]	Dec. 31, 2013 North America [Member]	Dec. 31, 2012 International [Member]	Dec. 31, 2011 International [Member]	Dec. 31, 2013 International [Member]	Dec. 31, 2012 Sealy [Member]	Dec. 31, 2011 Sealy [Member]	Dec. 31, 2013 Sealy [Member]	Mar. 18, 2013 Sealy [Member]
Goodwill [Line Items]
Beginning balance	$ 213.3		$ 759.6	$ 108.5		$ 107.7	$ 104.8		$ 107.3	$ 0		$ 544.6
Goodwill resulting from acquisition	541.8	2.2		0	0		0	2.2		541.8	0
Foreign currency translation adjustments	1.7	0.6		(1.2)	0.4		0.1	0.2		2.8	0
Ending balance	216.1	213.3	759.6	108.9	108.5	107.7	107.2	104.8	107.3	0	0	544.6
Change in goodwill as a result of acquisition													$ 541.8

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-Subparagraph l

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph e

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 72

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph e

-Clause 1

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 34

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The aggregate amount of goodwill acquired in the period and allocated to the reportable segment. The value is stated at fair value based on the purchase price allocation.

+ References+ Details

Goodwill and Other intangible assets - Other intangible assets (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount total	$ 806.9	$ 105.0
Accumulated amortization	56.8	41.9
Net carrying amount	750.1	63.1
Finite-Lived Intangible Assets, Net [Abstract]
Amortization expense relating to intangible assets	15.2	5.4	5.4
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2014		18.8
2015		18.8
2016		18.7
2017		17.9
2018		17.3
Trademarks [Member]
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - indefinite life intangible assets	575.3	55.0
Net carrying amount	575.3	55.0
Contractual or Distributer Relationships [Member]
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - finite life intangible assets	90.0	0
Accumulated amortization	4.7	0
Net carrying amount	85.3	0
Useful life (in years)	15 years
Technology [Member]
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - finite life intangible assets	89.5	16.0
Accumulated amortization	21.8	16.0
Net carrying amount	67.7	0
Useful life (in years)	10 years
Patents & Other Trademarks [Member]
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - finite life intangible assets	27.4	12.9
Accumulated amortization	12.2	9.9
Net carrying amount	15.2	3.0
Patents & Other Trademarks [Member] \| Minimum [Member]
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Useful life (in years)	5 years
Patents & Other Trademarks [Member] \| Maximum [Member]
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Useful life (in years)	20 years
Customer Database [Member]
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - finite life intangible assets	8.8	4.9
Accumulated amortization	5.5	4.9
Net carrying amount	3.3	0
Useful life (in years)	5 years
Foam Formula [Member]
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - finite life intangible assets	3.7	3.7
Accumulated amortization	3.7	3.7
Net carrying amount	0	0
Useful life (in years)	10 years
Reacquired Rights [Member]
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - finite life intangible assets	5.4	5.8
Accumulated amortization	5.4	5.3
Net carrying amount	0	0.5
Useful life (in years)	3 years
Customer Relationships [Member]
Intangible Assets, Combined Indefinite lived and Finite lived Intangible Assets by Major Class [Line Items]
Gross carrying amount - finite life intangible assets	6.8	6.7
Accumulated amortization	3.5	2.1
Net carrying amount	$ 3.3	$ 4.6
Useful life (in years)	5 years

Unconsolidated Affiliate Companies (Details) (Joint ventures, USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013
Joint ventures
Unconsolidated Affiliate Companies
Ownership percentage	50.00%
Net investment	$ 7.8
Current assets	39.1
Noncurrent assets	5.7
Current liabilities	31.7
Noncurrent liabilities	0
Unconsolidated affiliate companies
Revenues	67.9
Gross profit	45.0
Income from operations	10.9
Net income	$ 8.9

Debt - Schedule of borrowings outstanding (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Senior Notes	$ 375.0	$ 375.0
Long-term Line of Credit	0	650.0
Capital Lease Obligations And Other	27.6
Debt and Capital Lease Obligations	1,836.5	1,025.0
Current portion of long term debt	(39.6)	0
Long-term debt	1,796.9	1,025.0
Sealy Notes [Member]
Debt Instrument [Line Items]
Notes Payable	99.6
Stated percentage (in hundredths)	8.00%
Term A Facility [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	522.5
Term B Facility [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	737.3
2012 Credit Agreement [Member] \| Term A Facility [Member]
Debt Instrument [Line Items]
Index rate or LIBOR plus (in hundredths)	1.50%
Effective interest rate at period end (in hundredths)	2.50%
2012 Credit Agreement [Member] \| Term B Facility [Member]
Debt Instrument [Line Items]
Index rate or LIBOR plus (in hundredths)	1.75%
Effective interest rate at period end (in hundredths)	2.75%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	$ 74.5
Index rate or LIBOR plus (in hundredths)	2.25%
Effective interest rate at period end (in hundredths)	3.25%

Fair Value of Financial Instruments (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013 Senior Notes [Member]	Dec. 31, 2013 Sealy Notes [Member]	Dec. 31, 2013 Sealy Notes [Member]	Mar. 18, 2013 Sealy Notes [Member]	Dec. 31, 2013 Recurring [Member]	Dec. 31, 2012 Recurring [Member]	Dec. 31, 2013 Recurring [Member] Quoted Prices in Active Markets for Identical Assets (Level 1)	Dec. 31, 2012 Recurring [Member] Quoted Prices in Active Markets for Identical Assets (Level 1)	Dec. 31, 2013 Recurring [Member] Significant Other Observable Inputs (Level 2)	Dec. 31, 2012 Recurring [Member] Significant Other Observable Inputs (Level 2)	Dec. 31, 2013 Recurring [Member] Significant Unobservable Inputs (Level 3)	Dec. 31, 2012 Recurring [Member] Significant Unobservable Inputs (Level 3)
Liabilities:
Interest rate swap					$ 2.3	$ 4.3	$ 0	$ 0	$ 2.3	$ 4.3	$ 0	$ 0
Notes, fair value	$ 405.0		$ 99.9	$ 96.2
Stated percentage (in hundredths)	6.875%	8.00%	8.00%

Debt - Information about notes payable (Details) (USD $)	12 Months Ended		0 Months Ended	12 Months Ended		12 Months Ended
	Dec. 31, 2013 Senior Notes [Member]	Dec. 31, 2012 Senior Notes [Member]	Mar. 18, 2013 Sealy Notes [Member]	Dec. 31, 2013 Sealy Notes [Member]	Apr. 12, 2013 Sealy Notes [Member]	Dec. 31, 2013 Any time on or after December 15, 2016 Senior Notes [Member]	Dec. 31, 2013 Any time on or after December 15, 2017 Senior Notes [Member]	Dec. 31, 2013 Any time on or after December 15, 2018 Senior Notes [Member]	Dec. 31, 2013 Any time prior to December 15, 2016 with 'make-whole' premium and accrued and unpaid interest, if any Senior Notes [Member]	Dec. 31, 2013 Any time prior to December 15, 2016 with accrued and unpaid interest, if any Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	Dec. 19, 2012
Debt Instrument, Face Amount	$ 375,000,000
Stated percentage (in hundredths)	6.875%			8.00%
Debt Instrument, Maturity Date	Dec. 15, 2020
Debt Instrument, Redemption Price, Percentage						103.438%	101.719%	100.00%	100.00%	106.875%
Percentage of Redeem on Notes	35.00%
Minimum Percentage Of Notes Not Eligible For Early Redemption	65.00%
Debt Issuance Cost		8,400,000
Debt Instrument Amortization Period Deferred Financing Costs	7 years
Percentage of Notes Converted to Cash					83.00%
Debt Conversion Ratio Numerator				1,000
Debt Instrument, Convertible, Conversion Ratio, Period I			2,325.43
Debt Instrument, Convertible, Conversion Ratio, Period II				2,200
Outstanding Convertible Notes Percentage				17.00%
Notes, fair value	405,000,000		96,200,000	99,900,000
Debt Instrument, Accreted Discount				3,700,000
Notes Payable				$ 99,600,000

Debt - Information about credit facilities and other (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended												0 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013 Minimum [Member]	Dec. 31, 2013 Maximum [Member]	Dec. 31, 2013 Foreign Line of Credit [Member]	Dec. 31, 2013 2011 Credit Facility [Member]	Dec. 31, 2013 Domestic Line Of Credit [Member]	Dec. 31, 2013 2012 Credit Agreement [Member]	Dec. 31, 2013 2012 Credit Agreement [Member] Term A Facility [Member]	Dec. 31, 2013 2012 Credit Agreement [Member] Term A Facility [Member] Adjusted Libor [Member]	Dec. 31, 2013 2012 Credit Agreement [Member] Term A Facility [Member] Base Rate [Member]	May 16, 2013 2012 Credit Agreement [Member] Term B Facility [Member]	Dec. 31, 2013 2012 Credit Agreement [Member] Term B Facility [Member]	Dec. 31, 2013 2012 Credit Agreement [Member] Term B Facility [Member] Adjusted Libor [Member]	Dec. 31, 2013 2012 Credit Agreement [Member] Term B Facility [Member] Adjusted Libor [Member] Minimum [Member]	Dec. 31, 2013 2012 Credit Agreement [Member] Term B Facility [Member] Base Rate [Member]	Dec. 31, 2013 Revolving Credit Facility [Member]	Dec. 31, 2013 Letter of Credit [Member]
Line of Credit Facility [Line Items]
Remaining Lease Term	10 years
Principal borrowing capacity, maximum							$ 770.0	$ 745.0	$ 350.0	$ 550.0				$ 870.0
Repayments of Lines of Credit													125.0
Letter of credit amount outstanding																		90.0	22.9
Remaining borrowing capacity																		252.6
Index rate or LIBOR plus (in hundredths)											3.00%	2.00%			4.00%	1.00%	3.00%
Line of Credit Facility, Interest Rate Description						Interest at Base Rate or LIBOR plus applicable margin		Interest at Base Rate or LIBOR plus applicable margin	LIBOR plus the applicable margin or Base Rate plus the applicable margin
Debt instrument, reduction in applicable margin										0.75%					3.00%	0.75%
Domestic Qualified Cash, Maximum Percentage									100.00%
Foreign Qualified Cash Maximum Percentage									60.00%
Domestic and Foreign Qualified Cash, Maximum									150.0
Domestic Qualified Cash									30.9
Foreign Qualified Cash, Maximum									30.1
Initial unused commitment fee (in hundredths)																		0.50%
Unused commitment fee (in hundredths)																		0.375%
Total net leverage ratio																		350.00%
Term of Credit Facility								5 years
Deferred financing costs	54.3
Debt Instrument Amortization Period Deferred Financing Costs				5 years	8 years
Write-off of deferred financing costs	$ 4.7	$ 0	$ 0				$ 4.7
Interest rate swap period (in years)	4 years
Equity Interest of Subsidiary Guarantor									100.00%
Equity Voting rights of Subsidiary									65.00%

Derivative Financial Instruments (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2011	Dec. 31, 2013 Designated as Hedging Instrument [Member]	Dec. 31, 2012 Designated as Hedging Instrument [Member]	Dec. 31, 2013 Designated as Hedging Instrument [Member] Accrued Expenses And Other Current Liabilities [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Designated as Hedging Instrument [Member] Accrued Expenses And Other Current Liabilities [Member] Interest Rate Swap [Member]	Dec. 31, 2013 Designated as Hedging Instrument [Member] Other Noncurrent Liabilities [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Designated as Hedging Instrument [Member] Other Noncurrent Liabilities [Member] Interest Rate Swap [Member]
Interest Rate Risk [Abstract]
Term of interest rate swap (in years)	4 years
Variable interest rate (in hundredths)	1.25%
Senior credit facility balance covered under interest rate swap contracts	$ 150.0	$ 250.0
Derivatives, Fair Value [Line Items]
Fair value of derivative liability			$ 2.3	$ 4.3	$ 1.4	$ 2.3	$ 0.9	$ 2.0

Retirement Plans - Information about defined contribution plans (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
401k Plan [Member]
Defined Contribution Plan [Line Items]
Eligible employee contribution maximum	15.00%
Employment eligibility for plan participation minimum	P90D
Defined Contribution Plan Employment eligibility to receive matching contributions, minimum	P1Y
Defined Contribution Plan Percentage of eligible employee contribution match first tier	100.00%
Defined Contribution Plan Percentage of eligible employee contributions matched fully first tier	3.00%
Defined Contribution Plan eligible employee contribution match second tier	50.00%
Defined Contribution Plan eligible employee contribution matched by the company second tier	2.00%
Defined Contribution Plan, Cost Recognized	$ 1.7	$ 1.5	$ 1.5
Deferred Profit Sharing [Member]
Defined Contribution Plan [Line Items]
Defined Contribution Plan, Cost Recognized	$ 4.0

Retirement Plans - Information about defined benefit plans (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2013

facility

Retirement plans

Number of active plants at which a defined benefit pension plan for current and former hourly employees is provided

Number of previously closed U.S. facilities at which a defined benefit pension plan for current and former hourly employees was provided

Components of net periodic pension cost for employees

Service cost

$ 0.9

Interest cost

1.3

Expected return on assets

(1.5)

Amortization of unrecognized net loss

Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive income

Net loss

(6.2)

Amortization of prior service cost

1.0

Total recognized in other comprehensive income

(5.2)

Assumptions, calculated on a weighted-average basis, were used to determine pension costs

Settlement (discount) rate (as a percent)

4.23%

^[1]

Expected long term return on plan assets (as a percent)

6.92%

Weighted average rate of increase in future compensation levels (as a percent)

0.00%

Change in Benefit Obligation:

Projected benefit obligation at beginning of year

39.9

0.9

1.3

0.5

(4.8)

(0.5)

(0.3)

Foreign currency exchange rate changes

(0.6)

Projected benefit obligation at end of year

36.4

Change in Plan Assets:

Fair value of plan assets at beginning of year

26.2

Actual return on assets

2.9

Employer contribution

2.8

Plan settlements

(0.4)

Benefits paid

(0.5)

Expenses paid

(0.3)

Foreign currency exchange rate changes

(0.2)

Fair value of plan assets at end of year

30.5

Funded status

(5.9)

Amounts Recognized in the Consolidated Balance Sheets:

Noncurrent portion of benefit liability

6.7

Non-current benefit asset

0.8

Accumulated other comprehensive income

(5.2)

Accumulated Benefit Obligation and Fair Value of Assets:

Accumulated benefit obligation

(36.4)

Projected benefit obligation

(36.4)

Fair value of assets

30.5

Funded status

(5.9)

Amounts Recognized in Accumulated Other Comprehensive Income:

Net loss

(6.2)

Prior service credit

1.0

Net amount recognized as of fiscal year end

(5.2)

Assumptions, calculated on a weighted-average basis, were used to determine benefit obligations

Settlement (discount) rate (as a percent)

5.00%

^[2]

Weighted average rate of increase in future compensation levels (as a percent)

0.00%

Amounts in accumulated other comprehensive income/(loss) that are expected to be recognized as components of net income during the next year

Amortization of net gain

0.2

Amortization of prior service cost

Continuing operations

Components of net periodic pension cost for employees

Net periodic pension cost

0.7

Sealy [Member]

Retirement plans

Ownership interest (as a percent)

100.00%

Number of facilities, employees working at are covered by defined benefit pension plan

United states retirement plan

Assumptions, calculated on a weighted-average basis, were used to determine pension costs

Settlement (discount) rate (as a percent)

4.25%

United states retirement plan | Sealy [Member]

Change in Benefit Obligation:

Projected benefit obligation at end of year

33.3

Change in Plan Assets:

Fair value of plan assets at end of year

26.7

Accumulated Benefit Obligation and Fair Value of Assets:

Projected benefit obligation

(33.3)

Fair value of assets

26.7

Canadian retirement plan

Assumptions, calculated on a weighted-average basis, were used to determine pension costs

Settlement (discount) rate (as a percent)

4.00%

Canadian retirement plan | Sealy [Member]

Change in Benefit Obligation:

Projected benefit obligation at end of year

3.1

Change in Plan Assets:

Fair value of plan assets at end of year

3.8

Accumulated Benefit Obligation and Fair Value of Assets:

Projected benefit obligation

(3.1)

Fair value of assets

$ 3.8

[1]	Due to current economic differences in the interest rates in the jurisdictions of the retirement plans, the discount rates used in 2013 to determine the expenses for the United States retirement plan and Canadian retirement plan were 4.25% and 4.00%, respectively.
[2]	The discount rates used in 2013 to determine the benefit obligations for the United States retirement plan and Canadian retirement plan were both 5.00%.

Retirement Plans - Information about plan assets and estimated future benefit payments (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Retirement plans
Expected contribution in next fiscal year	$ 1.4
Estimated future benefit payments
Fiscal 2014	0.7
Fiscal 2015	0.8
Fiscal 2016	0.9
Fiscal 2017	1.0
Fiscal 2018 ‑ Fiscal 2022	8.1
Target and actual asset allocations
Total target plan assets	100.00%
Total actual plan assets	100.00%
Total assets	30.5	26.2
Quoted Prices in Active Markets for Identical Assets (Level 1)
Target and actual asset allocations
Total assets	30.5
Significant Other Observable Inputs (Level 2)
Target and actual asset allocations
Total assets	0
Significant Unobservable Inputs (Level 3)
Target and actual asset allocations
Total assets	0
Equity securities
Target and actual asset allocations
Total target plan assets	60.00%
Total actual plan assets	62.09%
Debt securities
Target and actual asset allocations
Total target plan assets	40.00%
Total actual plan assets	34.91%
Other
Target and actual asset allocations
Total target plan assets	0.00%
Total actual plan assets	3.00%
Equity
Target and actual asset allocations
Total assets	19.0
Equity \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Target and actual asset allocations
Total assets	19.0
Equity \| Significant Other Observable Inputs (Level 2)
Target and actual asset allocations
Total assets	0
Equity \| Significant Unobservable Inputs (Level 3)
Target and actual asset allocations
Total assets	0
Mutual funds-U.S. companies
Target and actual asset allocations
Total assets	13.1
Mutual funds-U.S. companies \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Target and actual asset allocations
Total assets	13.1
Mutual funds-U.S. companies \| Significant Other Observable Inputs (Level 2)
Target and actual asset allocations
Total assets	0
Mutual funds-U.S. companies \| Significant Unobservable Inputs (Level 3)
Target and actual asset allocations
Total assets	0
Mutual funds-International companies
Target and actual asset allocations
Total assets	5.9
Mutual funds-International companies \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Target and actual asset allocations
Total assets	5.9
Mutual funds-International companies \| Significant Other Observable Inputs (Level 2)
Target and actual asset allocations
Total assets	0
Mutual funds-International companies \| Significant Unobservable Inputs (Level 3)
Target and actual asset allocations
Total assets	0
Mutual funds-fixed income
Target and actual asset allocations
Total assets	10.5
Mutual funds-fixed income \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Target and actual asset allocations
Total assets	10.5
Mutual funds-fixed income \| Significant Other Observable Inputs (Level 2)
Target and actual asset allocations
Total assets	0
Mutual funds-fixed income \| Significant Unobservable Inputs (Level 3)
Target and actual asset allocations
Total assets	0
Money market funds
Target and actual asset allocations
Total assets	1.0
Money market funds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Target and actual asset allocations
Total assets	1.0
Money market funds \| Significant Other Observable Inputs (Level 2)
Target and actual asset allocations
Total assets	0
Money market funds \| Significant Unobservable Inputs (Level 3)
Target and actual asset allocations
Total assets	0
United states retirement plan
Target and actual asset allocations
Expected long-term return assumption (as a percent)	7.00%
Canadian retirement plan
Target and actual asset allocations
Expected long-term return assumption (as a percent)	6.00%
Sealy [Member]
Estimated future benefit payments
Fiscal 2018	1.2
Sealy [Member] \| United states retirement plan
Target and actual asset allocations
Total assets	26.7
Sealy [Member] \| Canadian retirement plan
Target and actual asset allocations
Total assets	$ 3.8

Retirement Plans - Information about multi-employer benefit plans (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Multi-Employer Benefit Plans
Domestic employees represented by various labor unions with separate collective bargaining agreements (as a percent)	68.00%
Maximum [Member]
Multi-Employer Benefit Plans
Total contributions for most recent plan year available	5.00%
Red Zone \| Maximum [Member]
Multi-Employer Benefit Plans
Multi-employer plans funded status (as a percent)	65.00%
Yellow Zone
Multi-Employer Benefit Plans
The time in which a Multi-employer plan is projected to be a credit balance	7 years
Yellow Zone \| Minimum [Member]
Multi-Employer Benefit Plans
Multi-employer plans funded status (as a percent)	80.00%
Green Zone
Multi-Employer Benefit Plans
The time in which a Multi-employer plan is projected not to be a credit balance	7 years
Green Zone \| Minimum [Member]
Multi-Employer Benefit Plans
Multi-employer plans funded status (as a percent)	80.00%
Multi-employer retirement plan
Multi-Employer Benefit Plans
Number of domestic manufacturing facilities, employees working at are covered by union sponsored multiemployer plans	10
Expenses recognized for contributions	$ 3,900,000
United Furniture Workers Pension Fund A
Multi-Employer Benefit Plans
Expenses recognized for contributions	700,000.0
Surcharge (as a percent)	10.00%
Pension Plan of the National Retirement Fund
Multi-Employer Benefit Plans
Expenses recognized for contributions	700,000.0
Surcharge (as a percent)	10.00%
Multi-employer health and welfare plan
Multi-Employer Benefit Plans
Number of domestic manufacturing facilities, employees working at are covered by union sponsored multiemployer plans	3
Expenses recognized for contributions	$ 2,200,000

Stockholders' Equity (Details) (USD $)	12 Months Ended
Stockholders' Equity (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Capital stock [Abstract]
Common stock shares authorized (in shares)	300,000,000	300,000,000
Common stock par or stated value (dollars per share)	$ 0.01	$ 0.01
Common stock, voting rights per share held	1
Preferred stock authorized shares (in shares)	10,000.00
Preferred stock par or stated value (dollars per share)	$ 0.01

- Definition

Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share.

+ References+ Details

Other Items - Property plant and equipment (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 690.6	$ 409.5
Accumulated depreciation	(279.0)	(223.5)
Property, plant and equipment, net	411.6	186.0
Depreciation expense	59.4	30.9	28.9
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	261.9	138.0
Land and Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	270.8	160.9
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	72.3	52.5
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	56.7	40.8
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 28.9	$ 17.3

- Definition

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References+ Details

- Definition

The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.

+ References+ Details

- Definition

Gross amount of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.

+ References+ Details

- Definition

Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.

+ References+ Details

Other Items - Accrued expenses and other current liabilities (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Other Items [Abstract]
Wages and benefits	$ 59.3	$ 18.7
Advertising	29.7	10.5
Sales returns	28.7	5.1	5.3
Rebates	23.0	4.1
Warranty	14.9	1.9
Interest	1.4	0.5
Freight	5.4	2.5
Professional fees	3.8	5.3
Sales and VAT Tax	2.3	7.0
Insurance	3.4	0.9
Other	36.5	31.4
Total accrued expenses and other current liabilities	$ 208.4	$ 87.9

Other Items - Accumulated other comprehensive loss (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

$ (7.6)

Tax (expense)

(49.1)

(122.4)

(108.8)

Total other comprehensive (loss)

(6.1)

7.1

(8.5)

Balance at end of period

(13.7)

(7.6)

Foreign Currency Translation [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

(5.0)

(13.2)

(5.4)

Tax (expense)

2.7

^[1]

(2.7)

^[1]

Total other comprehensive (loss)

(13.3)

^[1]

10.9

^[1]

(7.8)

^[1]

Balance at end of period

(15.6)

(5.0)

(13.2)

Interest Rate Swap [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

(2.7)

(1.6)

(0.9)

Net change from period revaluations

5.2

2.7

0.3

Tax (expense)

(1.5)

^[2]

(0.5)

^[2]

(0.1)

^[2]

Total other comprehensive income (loss) before reclassifications, net of tax

3.7

2.2

0.2

Total amount reclassified from accumulated other comprehensive loss, net of tax

(2.4)

(3.3)

(0.9)

Total other comprehensive (loss)

1.3

(1.1)

(0.7)

Balance at end of period

(1.4)

(2.7)

(1.6)

Pension Benefits [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Balance at beginning of period

Net change from period revaluations

5.2

Tax (expense)

(2.0)

^[2]

Balance at end of period

3.2

Reclassification out of Accumulated Other Comprehensive Income [Member] | Interest Rate Swap [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Tax (expense)

0.8

^[2]

0.7

^[2]

0.6

^[2]

Net amount reclassified to earnings

$ (3.2)

^[3]

$ (4.0)

^[3]

$ (1.5)

^[3]

[1]	In 2013 and 2011, there were no tax impacts related to rate changes and no amounts were reclassified to earnings. In 2012, a $2.7 million tax impact was recorded.
[2]	These amounts were included in the income tax provision on the accompanying Consolidated Statements of Income.
[3]	This amount was included in interest expense, net on the accompanying Consolidated Statements of Income.

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 14

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 14A

-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 31

-Article 5

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

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS115-1/124-1

-Paragraph 15D

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 14, 17, 26

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

+ Details

- Definition

The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

+ References+ Details

- Definition

Before tax amount, net of reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges, which is attributable to the parent entity. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).

+ References

+ Details

Stock-based Compensation (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended																				12 Months Ended			12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013 Performance-based Restricted Stock Units [Member]	Dec. 31, 2012 Performance-based Restricted Stock Units [Member]	Dec. 31, 2011 Performance-based Restricted Stock Units [Member]	Dec. 31, 2013 Stock Options [Member]	Dec. 31, 2012 Stock Options [Member]	Dec. 31, 2011 Stock Options [Member]	Dec. 31, 2013 Restricted Stock Units And Deferred Stock Units [Member]	Dec. 31, 2012 Restricted Stock Units And Deferred Stock Units [Member]	Dec. 31, 2011 Restricted Stock Units And Deferred Stock Units [Member]	Dec. 31, 2013 Restricted Stock Units [Member]	Dec. 31, 2013 Deferred Stock Units (DSU) [Member]	Dec. 31, 2013 Unvested Stock Options [Member]	Dec. 31, 2012 Unvested Stock Options [Member]	Dec. 31, 2002 Option Plan 2002 [Member] Stock Options [Member]	Dec. 31, 2011 Option Plan 2002 [Member] Stock Options [Member]	Dec. 31, 2008 Option Plan 2002 [Member] Stock Options [Member]	Dec. 31, 2008 Amended And Restated 2003 Equity Incentive Plan [Member] Stock Options [Member]	Dec. 31, 2013 Stock Option Plans 2002, 2003 and 2013 [Member]	Dec. 31, 2012 Stock Option Plans 2002, 2003 and 2013 [Member]	Dec. 31, 2009 Long Term Incentive Plan 2013 [Member]	Dec. 31, 2013 Treasury Stock [Member]	Dec. 31, 2012 Treasury Stock [Member]	Dec. 31, 2011 Treasury Stock [Member]	Dec. 31, 2013 Treasury Stock [Member] Performance-based Restricted Stock Units [Member]	Dec. 31, 2013 Minimum [Member] Performance-based Restricted Stock Units [Member]	Dec. 31, 2013 Maximum [Member] Performance-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of stock units released																											282.00%
Award Requisite Service Period																	4 years
Share-based Payment Award, Expiration period																	10 years from the grant date
Share-based Payment Award, Expiration Date for stockholders who own more than 10% of company's stock																	5 years from the grant date
Total stock ownership threshold where the award expiration period is reduced to five years from date of grant (in hundredths)																		10.00%
Maximum number of common stock shares to be issued (in shares)																			6.5	11.5			5.1
Total stock-based compensation expense	$ 16.9	$ 5.7	$ 16.7	$ 3.0	$ (0.9)	$ 9.5	$ 8.3	$ 4.4	$ 5.2	$ 5.6	$ 2.2	$ 2.0
Revaluation benefit from PRSU Granted					10.3
Grant date intrinsic value																											14.9
Target shares granted				0.3
Actual payout percentage, assumption and range				100.00%																								0.00%	200.00%
Maximum payout (percent)																											300.00%
Outstanding intrinsic value				13.6
Share-based payment award [Roll forward]
Beginning balance (in shares)				0.3	0.3					0.2	0.2
Granted (in shares)				0.3	0.4					0.2	0		0.2	0
Vested (in shares)				0	(0.4)					(0.2)	0
Forfeited (in shares)				(0.3)	0					0	0
Ending balance (in shares)				0.3	0.3	0.3				0.2	0.2	0.2
Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (in dollars per share)				$ 58.52	$ 37.93					$ 32.03	$ 30.41
Granted (in dollars per share)				$ 39.34	$ 71.52					$ 45.56	$ 62.03
Vested (in dollars per share)				$ 0.00	$ 28.48					$ 30.49	$ 0.00
Forfeited (in dollars per share)				$ 56.92	$ 0.00					$ 0.00	$ 0.00
Ending balance (in dollars per share)				$ 39.04	$ 58.52	$ 37.93				$ 47.00	$ 32.03	$ 30.41
Aggregate intrinsic value of units outstanding										10.8
Option pricing model used to calculate the fair value of stock options granted	Black-Scholes option pricing model
Fair value assumptions and methodology [Abstract]
Expected volatility range of stock, minimum (in hundredths)	63.00%	49.00%	72.00%
Expected volatility range of stock, maximum (in hundredths)	72.80%	73.00%	74.00%
Expected life of option, range in years, minimum	2 years	2 years	3 years
Expected life of option, range in years, maximum	3 years	4 years	4 years
Risk-free interest rate range, minimum (in hundredths)	0.30%	0.30%	0.70%
Risk-free interest rate range, maximum (in hundredths)	0.60%	0.70%	1.70%
Expected dividend yield on stock, minimum (in hundredths)	0.60%	0.00%	0.00%
Expected dividend yield on stock, maximum (in hundredths)	0.90%	1.30%	0.70%
Share-based payment award options outstanding [Roll Forward]
Beginning Balance (in shares)															0.9	1.3					2.9	3.4
Granted (in shares)															0.6	0.4					0.6	0.4
Vested (in shares)															(0.8)	(0.8)
Exercised (in shares)																					(0.6)	(0.9)		(0.6)	(0.9)	(1.8)
Forfeited (in shares)															(0.1)	0					(0.1)	0
Ending balance (in shares)															0.6	0.9					2.8	2.9
Options exercisable (in shares)																					2.2
Unvested stock options additional disclosure [Abstract]
Beginning of period weighted average grant date fair value (dollars per share)															$ 23.49	$ 5.44
Granted weighted average grant date fair value (dollars per share)															$ 39.77	$ 35.75
Vested weighted average grant date fair value (dollars per share)															$ 19.71	$ 11.49
Forfeited weighted average grant date fair value (dollars per share)															$ 39.62	$ 0.00
Ending of period weighted average grant date fair value (dollars per share)															$ 42.16	$ 23.49
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Beginning balance weighted average exercise price (dollars per share)																					$ 17.00	$ 11.15
Granted weighted average exercise price (dollars per share)																					$ 39.77	$ 35.75
Exercised weighted average exercise price (dollars per share)																					$ 14.54	$ 12.61
Terminated weighted average exercise price (dollars per share)																					$ 39.62	$ 0.00
Ending balance weighted average exercise price (dollars per share)																					$ 21.73	$ 17.00
Options exercisable weighted average exercise price (dollars per share)																					$ 15.63
Ending balance weighted average remaining contractual term (in years)																					5 years 9 months 25 days
Options exercisable weighted average remaining contractual term (in years)																					4 years 10 months 17 days
Ending balance aggregate intrinsic value																					82.6
Options exercisable aggregate intrinsic value																					60.1
Total intrinsic value of options exercised	17.1	29.8	59.2
Total unrecognized stock-based compensation expense	10.5			2.4			5.2			2.9
Weighted Average Remaining Vesting Period (in years)	1 year 1 month 13 days			1 year 4 months 2 days			1 year 1 month 24 days			10 months 20 days
Cash Received from Exercise of Stock Options	$ 8.7	$ 11.4	$ 26.3

Commitments and Contingencies - Operating leases (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Commitments and Contingencies Disclosure [Abstract]
Operating lease expenses	$ 12.1	$ 9.5	$ 8.4
Operating leases future minimum lease payments [Abstract]
2014	8.9
2015	5.5
2016	5.0
2017	2.9
2018	2.5
Thereafter	5.9
Total	$ 30.7

Income Taxes - Reconciliation of effective tax rate (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reconciliation in dollars [Abstract]
Statutory U.S. federal income tax	$ 44.8	$ 80.2	$ 114.9
State income taxes, net of federal benefit	1.7	4.5	7.9
Foreign repatriation, net of foreign tax credits	(16.0)	48.1	0
Foreign tax differential	(12.3)	(9.7)	(9.4)
Change in valuation allowance	20.4	(2.8)	(5.9)
Uncertain tax positions	4.7	2.6	4.1
Subpart F income	1.5	4.1	3.2
Manufacturing deduction	0.1	(3.8)	(5.0)
Permanent and other	4.2	(0.8)	(1.0)
Total income tax provision	$ 49.1	$ 122.4	$ 108.8
Reconciliation in percentages [Abstract]
Statutory U.S. federal income tax (in hundredths)	35.00%	35.00%	35.00%
State income taxes, net of federal benefit (in hundredths)	1.30%	2.00%	2.40%
Foreign repatriation, net of foreign tax credits (in hundredths)	(12.60%)	21.00%	0.00%
Foreign tax differential (in hundredths)	(9.60%)	(4.20%)	(2.90%)
Change in valuation allowance (in hundredths)	15.90%	(1.20%)	(1.80%)
Uncertain tax positions (in hundredths)	3.70%	1.10%	1.20%
Subpart F income (in hundredths)	1.20%	1.80%	1.00%
Manufacturing deduction (in hundredths)	0.00%	(1.70%)	(1.50%)
Permanent and other (in hundredths)	3.50%	(0.40%)	(0.30%)
Effective income tax provision (in hundredths)	38.40%	53.40%	33.10%

Commitments and Contingencies - Litigation and environmental contingencies (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013 officers
Loss Contingencies [Line Items]
Loss Contingency, Number of Defendants	2
Class Action Lawsuits Relating To Merger [Member]
Loss Contingencies [Line Items]
Litigation Required Notice Period	120 days
Number of shares held by shareholders who sent notices to exercise rights as per Merger Agreement	3.1
Cash price per share (in dollars per share)	$ 2.20
NEW JERSEY
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies	$ 2.9
CONNECTICUT
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies	$ 0.1

- Definition

Total costs accrued as of the balance sheet date for environmental loss contingencies.

+ References+ Details

Income Taxes - Income before income taxes attributable to operating segments (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income before income taxes attributable to Company's operating segments [Abstract]
United States	$ (4.5)	$ 126.2	$ 224.6
Rest of the world	132.5	103.0	103.8
Income before income taxes	$ 128.0	$ 229.2	$ 328.4

Income Taxes - Uncertain tax positions (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Unrecognized tax benefits [Roll Forward]
Balance as of beginning of period	$ 12.9	$ 13.3
Additions attributable to Sealy on date of acquisition	9.2
Additions based on tax positions related to current period	2.3	1.1
Additions for tax positions of prior years	7.2	0
Settlements of uncertain tax positions with tax authorities	(5.5)	(1.5)
Balance as of end of period	26.1	12.9	13.3
Unrecognized tax benefits that would impact effective tax rate	22.2
Interest and penalties related to unrecognized tax benefits recorded in income tax expense	1.8	3.0	(0.3)
Accrued interest and penalties	$ 11.0	$ 5.8	$ 2.8

- Definition

This element represents the total of accruals as of the date of the statement of financial position for interest recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity and the amount of statutory penalties for a tax position claimed or expected to be claimed by the entity, in its tax return, that does not meet the minimum statutory threshold to avoid payment of penalties.

+ References+ Details

- Definition

This element represents the total of interest expense recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity and the amount of statutory penalties in the period in which the entity claims or expects to claim a tax position, in its tax return, that does not meet the minimum statutory threshold to avoid payment of penalties.

+ References+ Details

Income Taxes - Operating loss carryforwards (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
US Federal [Member]
Operating Loss Carryforwards [Line Items]
Net operating losses	$ 19.6	$ 0
Tax credit carryforwards	20.4	0
US State [Member]
Operating Loss Carryforwards [Line Items]
Net operating losses	135.6	0
Tax credit carryforwards	0.7	0
Foreign [Member]
Operating Loss Carryforwards [Line Items]
Net operating losses	$ 67.1	$ 37.0

- Definition

The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.

+ References+ Details

Income Taxes - Components of income tax provision (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current provision [Abstract]
Federal	$ 48.6	$ 49.9	$ 76.9
State	7.3	7.8	12.0
Foreign	42.3	26.3	28.4
Total current	98.2	84.0	117.3
Deferred provision [Abstract]
Federal	(47.0)	37.1	(1.4)
State	0.4	4.2	(0.2)
Foreign	(2.5)	(2.9)	(6.9)
Total deferred	(49.1)	38.4	(8.5)
Total income tax provision	$ 49.1	$ 122.4	$ 108.8

Income Taxes - Components of deferred tax assets and liabilities (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Deferred tax assets [Abstract]
Stock-based compensation	$ 10.0	$ 11.7
Accrued expenses and other	53.7	10.6
Net operating losses	55.3	9.6
Inventories	4.6	3.5
Intangible assets	9.0	2.4
Property, plant and equipment	3.9	1.5
Total deferred tax assets	136.5	39.3
Valuation allowances	(39.4)	(0.1)
Total net deferred tax assets	97.1	39.2
Deferred tax liabilities [Abstract]
Foreign repatriation, net of foreign tax credits	0	(45.4)
Intangible assets	(261.9)	(21.8)
Property, plant and equipment	(62.5)	(13.1)
Accrued expenses and other	(4.3)	(3.7)
Total deferred tax liabilities	(328.7)	(84.0)
Net deferred tax liabilities	$ (231.6)	$ (44.8)

Income Taxes - Additional information (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Tax recognized on repatriation of earnings in connection with Sealy Acquisition		$ 48.1
Initial tax benefit recorded on repatriation of earnings	51.7
Royalty Rate Assessed on Danish Earnings	20.00%
Income tax assessment from Danish Tax Authority	$ 206.1

Major Customers (Details)	12 Months Ended
Major Customers (Details)	Dec. 31, 2013 customer	Dec. 31, 2012 Customer	Dec. 31, 2011 Customer
Concentration Risk [Line Items]
Number of customers being disclosed	5	5	5
Customer Concentration Risk [Member] \| Sales Revenue, Goods, Net [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	27.50%	24.00%	20.00%
Credit Concentration Risk [Member] \| Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	26.40%	29.00%

Redeemable Noncontrolling Interest (Details) (Comfort Revolution)	12 Months Ended
	Dec. 31, 2013
Comfort Revolution
Redeemable Noncontrolling Interest
Percentage of noncontrolling interest from the acquisition	55.00%
Redemption value of put and call arrangement as a percentage of EBITDA	750.00%
Period of EBITDA considered for redemption value	12 months

Earnings Per Common Share (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Earnings Per Share [Abstract]
Net income attributable to Tempur Sealy International, Inc.	$ 27.5	$ 40.2	$ (1.6)	$ 12.5	$ 23.5	$ (2.0)	$ 29.1	$ 56.2	$ 78.6	$ 106.8	$ 219.6
Numerator [Abstract]
Net income									$ 78.9	$ 106.8	$ 219.6
Denominator [Abstract]
Denominator for basic earnings per common share-weighted average shares (in shares)									60.3	61.5	67.1
Effect of dilutive securities [Abstract]
Employee stock-based compensation (in shares)									1.3	1.4	2.0
Denominator for diluted earnings per common share-adjusted weighted average shares (in shares)									61.6	62.9	69.1
Basic earnings per common share (in dollars per share)	$ 0.45	$ 0.66	$ (0.03)	$ 0.21	$ 0.39	$ (0.03)	$ 0.46	$ 0.88	$ 1.30	$ 1.74	$ 3.27
Diluted earnings per common share (in dollars per share)	$ 0.45	$ 0.65	$ (0.03)	$ 0.20	$ 0.39	$ (0.03)	$ 0.45	$ 0.86	$ 1.28	$ 1.70	$ 3.18
Shares excluded from diluted earnings per common share computation as anti-dilutive (in shares)									0.30	0.20	0.01

Business Segment Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013 segment	Dec. 31, 2012	Dec. 31, 2011
Segment Reporting Information [Line Items]
Number of business segments									3
Segment information [Abstract]
Total assets	$ 2,729.9				$ 1,319.5				$ 2,729.9	$ 1,319.5
Long-lived assets	1,921.3				465.2				1,921.3	465.2
Net sales									2,464.3	1,402.9	1,417.9
Inter segment sales									0	0	0
Gross profit	272.9	298.7	254.9	188.4	170.6	171.2	166.9	205.9	1,014.9	714.6	743.1
Operating income	74.1	81.2	44.0	44.5	51.3	63.4	47.5	86.1	243.8	248.3	340.5
Income before income taxes									128.0	229.2	328.4
Depreciation and amortization (including stock-based compensation amortization)									91.5	42.0	51.0
Intercompany royalties									0	0	0
Capital expenditures									40.0	50.5	29.5
Tempur North America [Member]
Segment Reporting Information [Line Items]
Number of domestic manufacturing facilities									2
Operating expenses									83.0	58.0	55.8
Segment information [Abstract]
Total assets	2,110.7				1,166.9				2,110.7	1,166.9
Long-lived assets	393.1				395.7				393.1	395.7
Net sales									910.0	964.3	1,004.7
Inter segment sales									0.2	0.9	5.0
Gross profit									392.7	449.3	499.8
Operating income									67.6	144.4	236.9
Income before income taxes									(33.8)	126.2	224.6
Depreciation and amortization (including stock-based compensation amortization)									42.0	30.6	41.1
Intercompany royalties									5.8	12.7	12.3
Capital expenditures									20.7	36.8	18.8
Tempur North America [Member] \| Bedding [Member]
Segment information [Abstract]
Net sales									830.4	882.3	916.7
Tempur North America [Member] \| Other Products [Member]
Segment information [Abstract]
Net sales									79.6	82.0	88.0
Tempur International [Member]
Segment information [Abstract]
Total assets	477.7				504.1				477.7	504.1
Long-lived assets	68.7				69.5				68.7	69.5
Net sales									439.6	438.6	413.2
Inter segment sales									0.6	1.5	2.2
Gross profit									269.8	265.3	243.3
Operating income									107.5	103.9	103.6
Income before income taxes									102.6	103.0	103.8
Depreciation and amortization (including stock-based compensation amortization)									12.8	11.4	9.9
Intercompany royalties									(5.8)	(12.7)	(12.3)
Capital expenditures									10.1	13.7	10.7
Tempur International [Member] \| Bedding [Member]
Segment information [Abstract]
Net sales									327.7	332.4	309.8
Tempur International [Member] \| Other Products [Member]
Segment information [Abstract]
Net sales									111.9	106.2	103.4
Sealy [Member]
Segment information [Abstract]
Total assets	1,956.6				0				1,956.6	0
Long-lived assets	1,459.5				0				1,459.5	0
Net sales									1,114.7	0	0
Inter segment sales									5.9	0	0
Gross profit									352.4	0	0
Operating income									68.7	0	0
Income before income taxes									59.2	0	0
Depreciation and amortization (including stock-based compensation amortization)									36.7	0	0
Intercompany royalties									0	0	0
Capital expenditures									9.2	0	0
Sealy [Member] \| Bedding [Member]
Segment information [Abstract]
Net sales									1,040.3	0	0
Sealy [Member] \| Other Products [Member]
Segment information [Abstract]
Net sales									74.4	0	0
Intercompany Eliminations [Member]
Segment information [Abstract]
Total assets	(1,815.1)				(351.5)				(1,815.1)	(351.5)
Inter segment sales									(6.7)	(2.4)	(7.2)
United States
Segment information [Abstract]
Long-lived assets	1,647.0				374.7				1,647.0	374.7
Net sales									1,736.8	923.4	958.0
Total International
Segment information [Abstract]
Long-lived assets	274.3				90.5				274.3	90.5
Net sales									727.5	479.5	459.9
Canada
Segment information [Abstract]
Long-lived assets	52.1				20.8				52.1	20.8
Net sales									190.2	40.8	46.7
Other International
Segment information [Abstract]
Long-lived assets	222.2				69.7				222.2	69.7
Net sales									$ 537.3	$ 438.7	$ 413.2

Quarterly Financial Data (Unaudited) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 678.1	$ 735.5	$ 660.6	$ 390.1	$ 341.1	$ 347.9	$ 329.5	$ 384.4	$ 2,464.3	$ 1,402.9	$ 1,417.9
Gross profit	272.9	298.7	254.9	188.4	170.6	171.2	166.9	205.9	1,014.9	714.6	743.1
Operating income	74.1	81.2	44.0	44.5	51.3	63.4	47.5	86.1	243.8	248.3	340.5
Net income attributable to Tempur Sealy International, Inc.	$ 27.5	$ 40.2	$ (1.6)	$ 12.5	$ 23.5	$ (2.0)	$ 29.1	$ 56.2	$ 78.6	$ 106.8	$ 219.6
Basic earnings (loss) per common share (in dollars per share)	$ 0.45	$ 0.66	$ (0.03)	$ 0.21	$ 0.39	$ (0.03)	$ 0.46	$ 0.88	$ 1.30	$ 1.74	$ 3.27
Diluted earnings (loss) per common share (in dollars per share)	$ 0.45	$ 0.65	$ (0.03)	$ 0.20	$ 0.39	$ (0.03)	$ 0.45	$ 0.86	$ 1.28	$ 1.70	$ 3.18

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-04.23)

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 36, 37, 38

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 07-4

-Paragraph 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 18

-Article 7

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

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-Name Regulation S-X (SX)

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-Section 03

-Paragraph 20

-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 21

-Article 9

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28, 29, 30

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

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

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A7

-Appendix A

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 87-21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Guarantor/Non-Guarantor Financial Information - Statements of income and comprehensive income (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Supplemental condensed consolidating statements of operations
Net sales									$ 2,464.3	$ 1,402.9	$ 1,417.9
Cost of goods sold									1,449.4	688.3	674.8
Gross profit	272.9	298.7	254.9	188.4	170.6	171.2	166.9	205.9	1,014.9	714.6	743.1
Selling and marketing expenses									522.9	319.1	276.9
General, administrative and other expenses									266.3	147.2	125.7
Equity income in earnings of unconsolidated affiliates									(4.4)	0	0
Royalty income, net of royalty expense									(13.7)	0	0
Operating income	74.1	81.2	44.0	44.5	51.3	63.4	47.5	86.1	243.8	248.3	340.5
Other expense, net:
Third party interest expense, net									110.8	18.8	11.9
Intercompany interest expense (income), net									0	0	0
Interest expense, net									110.8	18.8	11.9
Other (income) expense, net									5.0	0.3	0.2
Total other expense									115.8	19.1	12.1
Income from equity investees									0	0	0
Income before income taxes									128.0	229.2	328.4
Income tax provision									(49.1)	(122.4)	(108.8)
Net income									78.9	106.8	219.6
Net loss attributable to noncontrolling interests									0.3	0	0
Net income attributable to Tempur Sealy International, Inc.	27.5	40.2	(1.6)	12.5	23.5	(2.0)	29.1	56.2	78.6	106.8	219.6
Comprehensive income									72.5	113.9	211.1
Tempur Sealy International, Inc. (Ultimate Parent)
Supplemental condensed consolidating statements of operations
Net sales									0	0	0
Cost of goods sold									0	0	0
Gross profit									0	0	0
Selling and marketing expenses									2.4	2.5	4.1
General, administrative and other expenses									17.1	4.9	14.5
Equity income in earnings of unconsolidated affiliates									0	0	0
Royalty income, net of royalty expense									0	0	0
Operating income									(19.5)	(7.4)	(18.6)
Other expense, net:
Third party interest expense, net									27.5	0	0
Intercompany interest expense (income), net									32.7	31.5	23.3
Interest expense, net									60.2	31.5	23.3
Other (income) expense, net									0	0	0
Total other expense									60.2	31.5	23.3
Income from equity investees									133.4	134.8	250.7
Income before income taxes									53.7	95.9	208.8
Income tax provision									25.2	10.9	10.8
Net income									78.9	106.8	219.6
Net loss attributable to noncontrolling interests									0.3	0	0
Net income attributable to Tempur Sealy International, Inc.									78.6	106.8	219.6
Comprehensive income									72.5	113.9	211.1
Combined Guarantor Subsidiaries
Supplemental condensed consolidating statements of operations
Net sales									1,758.2	947.8	987.9
Cost of goods sold									1,110.5	509.0	504.3
Gross profit									647.7	438.8	483.6
Selling and marketing expenses									358.1	191.9	162.7
General, administrative and other expenses									181.6	96.4	70.2
Equity income in earnings of unconsolidated affiliates									0	0	0
Royalty income, net of royalty expense									(13.7)	0	0
Operating income									121.7	150.5	250.7
Other expense, net:
Third party interest expense, net									81.5	18.3	11.1
Intercompany interest expense (income), net									(34.1)	(31.5)	(23.3)
Interest expense, net									47.4	(13.2)	(12.2)
Other (income) expense, net									(0.9)	0	0.2
Total other expense									46.5	(13.2)	(12.0)
Income from equity investees									93.6	81.0	86.1
Income before income taxes									168.8	244.7	348.8
Income tax provision									(35.4)	(109.9)	(98.1)
Net income									133.4	134.8	250.7
Net loss attributable to noncontrolling interests									0.3	0	0
Net income attributable to Tempur Sealy International, Inc.									133.1	134.8	250.7
Comprehensive income									133.8	136.9	249.4
Combined Non-Guarantor Subsidiaries
Supplemental condensed consolidating statements of operations
Net sales									728.1	481.0	462.2
Cost of goods sold									360.9	205.2	202.7
Gross profit									367.2	275.8	259.5
Selling and marketing expenses									162.4	124.7	110.1
General, administrative and other expenses									67.6	45.9	41.0
Equity income in earnings of unconsolidated affiliates									(4.4)	0	0
Royalty income, net of royalty expense									0	0	0
Operating income									141.6	105.2	108.4
Other expense, net:
Third party interest expense, net									1.8	0.5	0.8
Intercompany interest expense (income), net									1.4	0	0
Interest expense, net									3.2	0.5	0.8
Other (income) expense, net									5.9	0.3	0
Total other expense									9.1	0.8	0.8
Income from equity investees									0	0	0
Income before income taxes									132.5	104.4	107.6
Income tax provision									(38.9)	(23.4)	(21.5)
Net income									93.6	81.0	86.1
Net loss attributable to noncontrolling interests									0	0	0
Net income attributable to Tempur Sealy International, Inc.									93.6	81.0	86.1
Comprehensive income									86.2	86.0	78.9
Eliminations
Supplemental condensed consolidating statements of operations
Net sales									(22.0)	(25.9)	(32.2)
Cost of goods sold									(22.0)	(25.9)	(32.2)
Gross profit									0	0	0
Selling and marketing expenses									0	0	0
General, administrative and other expenses									0	0	0
Equity income in earnings of unconsolidated affiliates									0	0	0
Royalty income, net of royalty expense									0	0	0
Operating income									0	0	0
Other expense, net:
Third party interest expense, net									0	0	0
Intercompany interest expense (income), net									0	0	0
Interest expense, net									0	0	0
Other (income) expense, net									0	0	0
Total other expense									0	0	0
Income from equity investees									(227.0)	(215.8)	(336.8)
Income before income taxes									(227.0)	(215.8)	(336.8)
Income tax provision									0	0	0
Net income									(227.0)	(215.8)	(336.8)
Net loss attributable to noncontrolling interests									(0.3)	0	0
Net income attributable to Tempur Sealy International, Inc.									(226.7)	(215.8)	(336.8)
Comprehensive income									$ (220.0)	$ (222.9)	$ (328.3)

Guarantor/Non-Guarantor Financial Information - Balance sheets (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 81.0	$ 179.3	$ 111.4	$ 53.6
Accounts receivable, net	349.2	136.3
Inventories	199.2	93.0
Income tax receivable/ payable	0	0
Receivable from escrow	0	375.0
Prepaid expenses and other current assets	53.7	41.4
Deferred income taxes	44.4	2.6
Total Current Assets	727.5	827.6
Property, plant and equipment, net	411.6	186.0
Goodwill	759.6	216.1	213.3
Other intangible assets, net	750.1	63.1
Deferred tax asset	10.9	10.4
Other non-current assets	70.2	16.3
Net investment in subsidiaries	0	0
Due from affiliates	0	0
Total Assets	2,729.9	1,319.5
Current Liabilities:
Accounts payable	191.2	85.8
Accrued expenses and other current liabilities	208.4	87.9
Deferred income taxes	0.8	26.5
Income taxes payable	1.5	15.5
Current portion of long term debt	39.6	0
Total Current Liabilities	441.5	215.7
Long-term debt	1,796.9	1,025.0
Deferred income taxes	286.1	31.4
Other non-current liabilities	75.3	25.1
Due to affiliates	0	0
Total Liabilities	2,599.8	1,297.2
Redeemable noncontrolling interest	11.5
Total Stockholders’ Equity	118.6	22.3	30.8	126.0
Total Liabilities and Stockholders' Equity	2,729.9	1,319.5
Tempur Sealy International, Inc. (Ultimate Parent)
Guarantor/non-guarantor financial information
Percentage of interest held by parent	100.00%
Current assets:
Cash and cash equivalents	0	0	0	0.3
Accounts receivable, net	0	0
Inventories	0	0
Income tax receivable/ payable	118.4	86.2
Receivable from escrow		375.0
Prepaid expenses and other current assets	0	0
Deferred income taxes	10.0	11.7
Total Current Assets	128.4	472.9
Property, plant and equipment, net	0	0
Goodwill	0	0
Other intangible assets, net	0	0
Deferred tax asset	0	0
Other non-current assets	7.6	0
Net investment in subsidiaries	756.0	1,213.0
Due from affiliates	1,299.9	28.0
Total Assets	2,191.9	1,713.9
Current Liabilities:
Accounts payable	0	0
Accrued expenses and other current liabilities	1.4	0.2
Deferred income taxes	0	0
Income taxes payable	0	0
Current portion of long term debt	0
Total Current Liabilities	1.4	0.2
Long-term debt	375.0	375.0
Deferred income taxes	0	0
Other non-current liabilities	0	0
Due to affiliates	1,685.4	1,316.4
Total Liabilities	2,061.8	1,691.6
Redeemable noncontrolling interest	11.5
Total Stockholders’ Equity	118.6	22.3
Total Liabilities and Stockholders' Equity	2,191.9	1,713.9
Combined Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	30.9	19.2	10.8	6.4
Accounts receivable, net	192.6	63.6
Inventories	147.5	55.7
Income tax receivable/ payable	0	0
Receivable from escrow		0
Prepaid expenses and other current assets	26.3	26.4
Deferred income taxes	29.3	0
Total Current Assets	426.6	164.9
Property, plant and equipment, net	335.9	132.7
Goodwill	577.2	89.9
Other intangible assets, net	624.6	42.9
Deferred tax asset	0	0
Other non-current assets	47.0	13.4
Net investment in subsidiaries	0	300.2
Due from affiliates	2,306.5	1,460.0
Total Assets	4,317.8	2,204.0
Current Liabilities:
Accounts payable	140.5	60.0
Accrued expenses and other current liabilities	144.2	52.7
Deferred income taxes	0	37.6
Income taxes payable	115.2	89.3
Current portion of long term debt	36.6
Total Current Liabilities	436.5	239.6
Long-term debt	1,421.9	650.0
Deferred income taxes	252.8	28.9
Other non-current liabilities	69.1	23.5
Due to affiliates	1,381.5	49.0
Total Liabilities	3,561.8	991.0
Redeemable noncontrolling interest	11.5
Total Stockholders’ Equity	744.5	1,213.0
Total Liabilities and Stockholders' Equity	4,317.8	2,204.0
Combined Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	50.1	160.1	100.6	46.9
Accounts receivable, net	156.6	72.7
Inventories	51.7	37.3
Income tax receivable/ payable	0	0
Receivable from escrow		0
Prepaid expenses and other current assets	27.4	15.0
Deferred income taxes	5.1	2.6
Total Current Assets	290.9	287.7
Property, plant and equipment, net	75.7	53.3
Goodwill	182.4	126.2
Other intangible assets, net	125.5	20.2
Deferred tax asset	10.9	10.4
Other non-current assets	15.6	2.9
Net investment in subsidiaries	0	0
Due from affiliates	0.9	3.4
Total Assets	701.9	504.1
Current Liabilities:
Accounts payable	50.7	25.8
Accrued expenses and other current liabilities	62.8	35.0
Deferred income taxes	0.8	0.6
Income taxes payable	4.7	12.4
Current portion of long term debt	3.0
Total Current Liabilities	122.0	73.8
Long-term debt	0	0
Deferred income taxes	33.3	2.5
Other non-current liabilities	6.2	1.6
Due to affiliates	940.5	126.0
Total Liabilities	1,102.0	203.9
Redeemable noncontrolling interest	0
Total Stockholders’ Equity	(400.1)	300.2
Total Liabilities and Stockholders' Equity	701.9	504.1
Eliminations
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0
Inventories	0	0
Income tax receivable/ payable	(118.4)	(86.2)
Receivable from escrow		0
Prepaid expenses and other current assets	0	0
Deferred income taxes	0	(11.7)
Total Current Assets	(118.4)	(97.9)
Property, plant and equipment, net	0	0
Goodwill	0	0
Other intangible assets, net	0	0
Deferred tax asset	0	0
Other non-current assets	0	0
Net investment in subsidiaries	(756.0)	(1,513.2)
Due from affiliates	(3,607.3)	(1,491.4)
Total Assets	(4,481.7)	(3,102.5)
Current Liabilities:
Accounts payable	0	0
Accrued expenses and other current liabilities	0	0
Deferred income taxes	0	(11.7)
Income taxes payable	(118.4)	(86.2)
Current portion of long term debt	0
Total Current Liabilities	(118.4)	(97.9)
Long-term debt	0	0
Deferred income taxes	0	0
Other non-current liabilities	0	0
Due to affiliates	(4,007.4)	(1,491.4)
Total Liabilities	(4,125.8)	(1,589.3)
Redeemable noncontrolling interest	(11.5)
Total Stockholders’ Equity	(344.4)	(1,513.2)
Total Liabilities and Stockholders' Equity	$ (4,481.7)	$ (3,102.5)

Guarantor/Non-Guarantor Financial Information - Statements of cash flow (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Supplemental condensed consolidating statements of cash flows
Net cash provided by operating activities	$ 98.5	$ 189.9	$ 248.7
Investing activities:
Acquisition of businesses, net of cash acquired	(1,172.9)	(4.5)	(4.6)
Purchases of property, plant and equipment	(40.0)	(50.5)	(29.5)
Other	(0.1)	0	(2.0)
Net cash used in investing activities	(1,213.0)	(55.0)	(36.1)
Financing activities:
Proceeds from 2012 credit agreement	2,992.6	0	0
Repayments of 2012 credit agreement	(1,658.3)	0	0
Proceeds from issuance of senior notes	375.0	0	0
Proceeds from 2011 credit facility	46.5	352.0	821.5
Repayments of 2011 credit facility	(696.5)	(287.0)	(643.5)
Net activity in investment in and advances (to) from subsidiaries and affiliates	0	0	0
Payments of deferred financing costs	(52.0)	(2.3)	(6.2)
Proceeds from exercise of stock options	8.7	11.4	26.3
Excess tax benefit from stock based compensation	5.4	10.5	19.2
Treasury shares repurchased	(7.0)	(152.6)	(365.9)
Other	(1.0)	(2.8)	(0.3)
Net cash provided by (used in) financing activities	1,013.4	(70.8)	(148.9)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	2.8	3.8	(5.9)
Increase in cash and cash equivalents	(98.3)	67.9	57.8
Cash and equivalents:
CASH AND CASH EQUIVALENTS, beginning of period	179.3	111.4	53.6
CASH AND CASH EQUIVALENTS, end of period	81.0	179.3	111.4
Tempur Sealy International, Inc. (Ultimate Parent)
Supplemental condensed consolidating statements of cash flows
Net cash provided by operating activities	(66.1)	(43.6)	(24.6)
Investing activities:
Acquisition of businesses, net of cash acquired	0	0	0
Purchases of property, plant and equipment	0	0	0
Other	0	0	0
Net cash used in investing activities	0	0	0
Financing activities:
Proceeds from 2012 credit agreement	0	0	0
Repayments of 2012 credit agreement	0	0	0
Proceeds from issuance of senior notes	375.0
Proceeds from 2011 credit facility	0	0	0
Repayments of 2011 credit facility	0	0	0
Net activity in investment in and advances (to) from subsidiaries and affiliates	(772.8)	187.0	363.9
Payments of deferred financing costs	(8.4)	(2.2)	0
Proceeds from exercise of stock options	8.7	11.4	26.3
Excess tax benefit from stock based compensation	5.4	0	0
Treasury shares repurchased	458.2	(152.6)	(365.9)
Other	0	0	0
Net cash provided by (used in) financing activities	66.1	43.6	24.3
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0
Increase in cash and cash equivalents	0	0	(0.3)
Cash and equivalents:
CASH AND CASH EQUIVALENTS, beginning of period	0	0	0.3
CASH AND CASH EQUIVALENTS, end of period	0	0	0
Combined Guarantor Subsidiaries
Supplemental condensed consolidating statements of cash flows
Net cash provided by operating activities	80.9	140.5	192.4
Investing activities:
Acquisition of businesses, net of cash acquired	(1,035.3)	0	0
Purchases of property, plant and equipment	(28.3)	(36.7)	(18.8)
Other	(54.7)	(0.1)	(0.2)
Net cash used in investing activities	(1,118.3)	(36.8)	(19.0)
Financing activities:
Proceeds from 2012 credit agreement	2,992.6	0	0
Repayments of 2012 credit agreement	(1,658.3)	0	0
Proceeds from issuance of senior notes	0
Proceeds from 2011 credit facility	46.5	352.0	821.5
Repayments of 2011 credit facility	(696.5)	(287.0)	(643.5)
Net activity in investment in and advances (to) from subsidiaries and affiliates	874.9	(170.8)	(360.1)
Payments of deferred financing costs	(43.6)	0	(6.1)
Proceeds from exercise of stock options	0	0	0
Excess tax benefit from stock based compensation	0	10.5	19.2
Treasury shares repurchased	(465.2)	0	0
Other	(1.3)	0	0
Net cash provided by (used in) financing activities	1,049.1	(95.3)	(169.0)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0
Increase in cash and cash equivalents	11.7	8.4	4.4
Cash and equivalents:
CASH AND CASH EQUIVALENTS, beginning of period	19.2	10.8	6.4
CASH AND CASH EQUIVALENTS, end of period	30.9	19.2	10.8
Combined Non-Guarantor Subsidiaries
Supplemental condensed consolidating statements of cash flows
Net cash provided by operating activities	83.7	93.0	80.9
Investing activities:
Acquisition of businesses, net of cash acquired	(137.6)	(4.5)	(4.6)
Purchases of property, plant and equipment	(11.7)	(13.8)	(10.7)
Other	54.6	0.1	(1.8)
Net cash used in investing activities	(94.7)	(18.2)	(17.1)
Financing activities:
Proceeds from 2012 credit agreement	0	0	0
Repayments of 2012 credit agreement	0	0	0
Proceeds from issuance of senior notes	0
Proceeds from 2011 credit facility	0	0	0
Repayments of 2011 credit facility	0	0	0
Net activity in investment in and advances (to) from subsidiaries and affiliates	(102.1)	(16.2)	(3.8)
Payments of deferred financing costs	0	(0.1)	(0.1)
Proceeds from exercise of stock options	0	0	0
Excess tax benefit from stock based compensation	0	0	0
Treasury shares repurchased	0	0	0
Other	0.3	(2.8)	(0.3)
Net cash provided by (used in) financing activities	(101.8)	(19.1)	(4.2)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	2.8	3.8	(5.9)
Increase in cash and cash equivalents	(110.0)	59.5	53.7
Cash and equivalents:
CASH AND CASH EQUIVALENTS, beginning of period	160.1	100.6	46.9
CASH AND CASH EQUIVALENTS, end of period	50.1	160.1	100.6
Eliminations
Supplemental condensed consolidating statements of cash flows
Net cash provided by operating activities	0	0	0
Investing activities:
Acquisition of businesses, net of cash acquired	0	0	0
Purchases of property, plant and equipment	0	0	0
Other	0	0	0
Net cash used in investing activities	0	0	0
Financing activities:
Proceeds from 2012 credit agreement	0	0	0
Repayments of 2012 credit agreement	0	0	0
Proceeds from issuance of senior notes	0
Proceeds from 2011 credit facility	0	0	0
Repayments of 2011 credit facility	0	0	0
Net activity in investment in and advances (to) from subsidiaries and affiliates	0	0	0
Payments of deferred financing costs	0	0	0
Proceeds from exercise of stock options	0	0	0
Excess tax benefit from stock based compensation	0	0	0
Treasury shares repurchased	0	0	0
Other	0	0	0
Net cash provided by (used in) financing activities	0	0	0
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0	0
Increase in cash and cash equivalents	0	0	0
Cash and equivalents:
CASH AND CASH EQUIVALENTS, beginning of period	0	0	0
CASH AND CASH EQUIVALENTS, end of period	$ 0	$ 0	$ 0

VALUATION AND QUALIFYING ACCOUNTS SCHEDULE II (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Allowance for Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 8.2	$ 6.8	$ 7.4
Charges to Costs and Expenses	1.3	2.5	1.6
Charged to Other Accounts	0	0	0
Deductions	9.8	(1.1)	(2.2)
Balance at End of Period	19.3	8.2	6.8
Valuation Allowance of Deferred Tax Assets [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	0.1	2.9	8.8
Charges to Costs and Expenses	20.4	0	0
Charged to Other Accounts	18.9	0	0
Deductions	0	(2.8)	(5.9)
Balance at End of Period	$ 39.4	$ 0.1	$ 2.9