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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 316.5 $ 361.7
Trade receivables, net 609.0 620.0
Other receivables, net 66.0 31.5
Inventories 907.5 993.2
Prepaid expenses and other current assets 59.0 58.9
Total current assets 1,958.0 2,065.3
Property, Plant and Equipment—at cost    
Machinery and equipment 1,434.0 1,435.0
Buildings and other 791.0 772.1
Land 43.5 44.1
Total property, plant and equipment 2,268.5 2,251.2
Less accumulated depreciation 1,496.1 1,469.7
Net property, plant and equipment 772.4 781.5
Other Assets    
Goodwill 1,474.4 1,449.6
Other intangibles, net 675.4 707.8
Operating lease right-of-use assets 195.0 192.6
Sundry 110.9 110.5
Total other assets 2,455.7 2,460.5
TOTAL ASSETS 5,186.1 5,307.3
Current Liabilities    
Current maturities of long-term debt 9.4 300.6
Current portion of operating lease liabilities 49.5 44.5
Accounts payable 518.4 613.8
Accrued expenses 261.7 284.6
Other current liabilities 129.1 92.2
Total current liabilities 968.1 1,335.7
Long-term Liabilities    
Long-term debt 2,074.2 1,789.7
Operating lease liabilities 153.6 153.0
Other long-term liabilities 126.1 162.9
Deferred income taxes 222.7 217.4
Total long-term liabilities 2,576.6 2,323.0
Commitments and Contingencies
Equity    
Common stock: Preferred stock—authorized, 100.0 shares; none issued; Common stock—authorized, 600.0 shares of $.01 par value; 198.8 shares issued 2.0 2.0
Additional contributed capital 568.5 557.9
Retained earnings 3,046.0 2,973.0
Accumulated other comprehensive loss (93.5) (38.3)
Less treasury stock—at cost (66.2 and 65.4 shares at December 31, 2022 and 2021, respectively) (1,882.3) (1,846.6)
Total Leggett & Platt, Inc. equity 1,640.7 1,648.0
Noncontrolling interest 0.7 0.6
Total equity 1,641.4 1,648.6
TOTAL LIABILITIES AND EQUITY $ 5,186.1 $ 5,307.3