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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 365.5 $ 316.5
Trade receivables, net 564.9 609.0
Other receivables, net 72.4 66.0
Inventories 819.7 907.5
Prepaid expenses and other current assets 58.9 59.0
Total current assets 1,881.4 1,958.0
Property, Plant and Equipment—at cost    
Machinery and equipment 1,488.3 1,434.0
Buildings and other 820.3 791.0
Land 42.8 43.5
Total property, plant and equipment 2,351.4 2,268.5
Less accumulated depreciation 1,570.2 1,496.1
Net property, plant and equipment 781.2 772.4
Other Assets    
Goodwill 1,489.8 1,474.4
Other intangibles, net 167.5 675.4
Operating lease right-of-use assets 193.2 195.0
Sundry 121.4 110.9
Total other assets 1,971.9 2,455.7
TOTAL ASSETS 4,634.5 5,186.1
Current Liabilities    
Current maturities of long-term debt and short-term debt 308.0 9.4
Current portion of operating lease liabilities 57.3 49.5
Accounts payable 536.2 518.4
Accrued expenses 256.8 261.7
Other current liabilities 104.3 129.1
Total current liabilities 1,262.6 968.1
Long-term Liabilities    
Long-term debt 1,679.6 2,074.2
Operating lease liabilities 150.5 153.6
Other long-term liabilities 106.6 126.1
Deferred income taxes 101.2 222.7
Total long-term liabilities 2,037.9 2,576.6
Commitments and Contingencies
Equity    
Common stock—authorized, 600.0 shares of $.01 par value; 198.8 shares issued; Preferred stock—authorized, 100.0 shares; none issued 2.0 2.0
Additional contributed capital 575.8 568.5
Retained earnings 2,661.1 3,046.0
Accumulated other comprehensive loss (43.7) (93.5)
Less treasury stock—at cost (65.4 and 66.2 shares at December 31, 2023 and 2022, respectively) (1,861.9) (1,882.3)
Total Leggett & Platt, Inc. equity 1,333.3 1,640.7
Noncontrolling interest 0.7 0.7
Total equity 1,334.0 1,641.4
TOTAL LIABILITIES AND EQUITY $ 4,634.5 $ 5,186.1