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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 361.3 $ 365.5
Trade receivables, net 577.4 564.9
Other receivables, net 57.7 72.4
Inventories 807.4 819.7
Prepaid expenses and other current assets 56.5 58.9
Total current assets 1,860.3 1,881.4
Property, Plant and Equipment—at cost    
Machinery and equipment 1,482.3 1,488.3
Buildings and other 821.2 820.3
Land 42.2 42.8
Total property, plant and equipment 2,345.7 2,351.4
Less accumulated depreciation 1,573.6 1,570.2
Net property, plant and equipment 772.1 781.2
Other Assets    
Goodwill 1,481.6 1,489.8
Other intangibles, less accumulated amortization of $383.8 and $416.4 as of March 31, 2024 and December 31, 2023, respectively 161.8 167.5
Operating lease right-of-use assets 202.2 193.2
Sundry 136.8 121.4
Total other assets 1,982.4 1,971.9
TOTAL ASSETS 4,614.8 4,634.5
Current Liabilities    
Short-term debt and current maturities of long-term debt 303.8 308.0
Current portion of operating lease liabilities 58.0 57.3
Accounts payable 495.6 536.2
Accrued expenses 229.7 256.8
Other current liabilities 101.2 104.3
Total current liabilities 1,188.3 1,262.6
Long-term Liabilities    
Long-term debt 1,772.9 1,679.6
Operating lease liabilities 158.5 150.5
Other long-term liabilities 105.2 106.6
Deferred income taxes 100.4 101.2
Total long-term liabilities 2,137.0 2,037.9
Commitments and Contingencies
Equity    
Common stock 2.0 2.0
Additional contributed capital 569.0 575.8
Retained earnings 2,629.6 2,661.1
Accumulated other comprehensive loss (68.5) (43.7)
Treasury stock (1,843.3) (1,861.9)
Total Leggett & Platt, Inc. equity 1,288.8 1,333.3
Noncontrolling interest 0.7 0.7
Total equity 1,289.5 1,334.0
TOTAL LIABILITIES AND EQUITY $ 4,614.8 $ 4,634.5