v3.26.1
Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Total Assets and Long-lived Assets by Segment
The following table summarizes total assets by segment:
(in millions)June 30, 2026December 31, 2025
Mattress Firm$8,128.2 $7,929.7 
Tempur Sealy North America6,263.4 5,717.9 
Tempur Sealy International1,463.5 1,542.3 
Corporate3,087.7 2,588.7 
Inter-segment eliminations(7,331.8)(6,177.9)
Total assets$11,611.0 $11,600.7 

 The following table summarizes property, plant and equipment, net, by segment:
(in millions)June 30, 2026December 31, 2025
Mattress Firm$300.6 $270.7 
Tempur Sealy North America573.5 609.9 
Tempur Sealy International106.2 110.8 
Corporate29.4 27.8 
Total property, plant and equipment, net$1,009.7 $1,019.2 
     
The following table summarizes operating lease right-of-use assets by segment:
(in millions)June 30, 2026December 31, 2025
Mattress Firm$1,363.6 $1,344.9 
Tempur Sealy North America309.4 315.2 
Tempur Sealy International218.4 215.9 
Corporate2.1 2.8 
Total operating lease right-of-use assets$1,893.5 $1,878.8 
Schedule of Segment Financial Information
The following table summarizes segment information for the three months ended June 30, 2026:
(in millions)Mattress FirmTempur Sealy North AmericaTempur Sealy InternationalCorporateEliminationsConsolidated
Net sales$922.2 $601.8 $299.5 $— $— $1,823.5 
Inter-segment sales3.5 294.1 0.1 — (297.7)— 
Total net sales and inter-segment sales$925.7 $895.9 $299.6 $— $(297.7)$1,823.5 
Inter-segment royalty expense (income)— 8.5 (8.5)— — — 
Gross profit307.5 367.8 141.9 — — 817.2 
Advertising expenses45.8 109.8 22.0 — — 177.6 
Other selling and marketing expenses154.2 61.3 54.4 6.0 — 275.9 
General, administrative and other expenses48.1 40.8 31.0 45.2 — 165.1 
Equity income in earnings of unconsolidated affiliates— — (2.7)(0.4)— (3.1)
Operating income (loss)$59.4 $155.9 $37.2 $(50.8)$— $201.7 
Interest expense, net59.0 
Other income, net(5.1)
Income before income taxes$147.8 
Depreciation and amortization (1)
$21.0 $30.1 $8.5 $13.8 $— $73.4 
Capital expenditures34.8 11.9 6.4 1.6 — 54.7 
(1)Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the three months ended June 30, 2025:
(in millions)Mattress FirmTempur Sealy North AmericaTempur Sealy InternationalCorporateEliminationsConsolidated
Net sales$948.8 $638.4 $293.6 $— $— $1,880.8 
Inter-segment sales— 263.5 0.1 — (263.6)— 
Total net sales and inter-segment sales$948.8 $901.9 $293.7 $— $(263.6)$1,880.8 
Inter-segment royalty expense (income)— 11.1 (11.1)— — — 
Gross profit337.4 348.2 141.6 — — 827.2 
Advertising expenses62.1 103.3 24.1 — — 189.5 
Other selling and marketing expenses151.8 64.0 50.9 4.3 — 271.0 
General, administrative and other expenses56.2 41.0 29.8 48.9 — 175.9 
Loss on disposal of business4.1 9.8 — — — 13.9 
Equity income in earnings of unconsolidated affiliates— — (3.0)— — (3.0)
Operating income (loss)$63.2 $130.1 $39.8 $(53.2)$— $179.9 
Interest expense, net72.5 
Other expense, net4.7 
Income before income taxes$102.7 
Depreciation and amortization (1)
$17.9 $30.2 $7.7 $12.8 $— $68.6 
Capital expenditures23.6 3.3 7.9 1.9 — 36.7 
(1)Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the six months ended June 30, 2026:
(in millions)Mattress FirmTempur Sealy North AmericaTempur Sealy InternationalCorporateEliminationsConsolidated
Net sales$1,808.1 $1,165.3 $651.6 $— $— $3,625.0 
Inter-segment sales6.3 593.4 0.2 — (599.9)— 
Total net sales and inter-segment sales$1,814.4 $1,758.7 $651.8 $— $(599.9)$3,625.0 
Inter-segment royalty expense (income)— 17.2 (17.2)— — — 
Gross profit580.4 694.2 319.5 — — 1,594.1 
Advertising expenses76.7 201.4 49.9 — — 328.0 
Other selling and marketing expenses308.1 123.3 110.5 12.1 — 554.0 
General, administrative and other expenses102.8 81.9 64.8 82.5 — 332.0 
Equity income in earnings of unconsolidated affiliates— — (7.8)(0.9)— (8.7)
Operating income (loss)$92.8 $287.6 $102.1 $(93.7)$— $388.8 
Interest expense, net119.0 
Other income, net(15.3)
Income before income taxes$285.1 
Depreciation and amortization (1)
$44.5 $60.2 $17.1 $24.1 $— $145.9 
Capital expenditures82.1 19.5 11.9 1.7 — 115.2 
(1)Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the six months ended June 30, 2025:
(in millions)Mattress FirmTempur Sealy North AmericaTempur Sealy InternationalCorporateEliminationsConsolidated
Net sales$1,542.5 $1,344.6 $598.4 $— $— $3,485.5 
Inter-segment sales— 393.6 0.3 — (393.9)— 
Total net sales and inter-segment sales1,542.5 1,738.2 598.7 — (393.9)3,485.5 
Inter-segment royalty expense (income)— 17.3 (17.3)— — — 
Gross profit528.6 588.2 290.9 — — 1,407.7 
Advertising expenses95.7 186.9 49.8 — — 332.4 
Other selling and marketing expenses253.3 132.0 97.5 7.9 — 490.7 
General, administrative and other expenses105.5 89.1 60.5 130.3 — 385.4 
Loss on disposal of business4.1 9.8 — — — 13.9 
Equity income in earnings of unconsolidated affiliates— — (7.8)— — (7.8)
Operating income (loss)$70.0 $170.4 $90.9 $(138.2)$— $193.1 
Interest expense, net133.8 
Other expense, net5.9 
Income before income taxes$53.4 
Depreciation and amortization (1)
$34.6 $61.0 $15.1 $24.0 $— $134.7 
Capital expenditures32.8 11.3 14.0 2.6 — 60.7 
(1)Depreciation and amortization includes stock-based compensation amortization expense.
Schedule of Long-Lived Assets by Geographic Region
The following table summarizes property, plant and equipment, net by geographic region:
(in millions)
June 30, 2026December 31, 2025
United States$884.9 $889.3 
All other124.8 129.9 
Total property, plant and equipment, net
$1,009.7 $1,019.2 

The following table summarizes operating lease right-of-use assets by geographic region:
(in millions)June 30, 2026December 31, 2025
United States$1,666.6 $1,653.1 
All other226.9 225.7 
Total operating lease right-of-use assets$1,893.5 $1,878.8