XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net sales $ 1,208.1 $ 1,239.5
Cost of sales 708.2 716.7
Gross profit 499.9 522.8
Selling and marketing expenses 256.7 243.5
General, administrative and other expenses 104.5 97.6
Equity income in earnings of unconsolidated affiliates (4.6) (6.9)
Operating income 143.3 188.6
Other expense, net:    
Interest expense, net 32.8 20.9
Other expense (income), net 0.1 (1.3)
Total other expense, net 32.9 19.6
Income before income taxes 110.4 169.0
Income tax provision (24.5) (38.1)
Net income before non-controlling interest 85.9 130.9
Less: Net income attributable to non-controlling interest 0.6 0.2
Net income attributable to Tempur Sealy International, Inc. $ 85.3 $ 130.7
Earnings per common share:    
Basic (in dollars per share) $ 0.50 $ 0.72
Diluted (in dollars per share) $ 0.48 $ 0.69
Weighted average common shares outstanding:    
Basic (in shares) 172.0 182.6
Diluted (in shares) 176.8 188.5