Unconsolidated Affiliate Companies

12 Months Ended

Dec. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

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.

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