XML 17 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 277.2 $ 365.5
Trade receivables, net 583.9 564.9
Other receivables, net 54.2 72.4
Inventories 754.4 819.7
Prepaid expenses and other current assets 64.8 58.9
Total current assets 1,734.5 1,881.4
Property, Plant and Equipment—at cost    
Machinery and equipment 1,485.0 1,488.3
Buildings and other 807.9 820.3
Land 39.6 42.8
Total property, plant and equipment 2,332.5 2,351.4
Less accumulated depreciation 1,583.6 1,570.2
Net property, plant and equipment 748.9 781.2
Other Assets    
Goodwill 814.7 1,489.8
Other intangibles, net 151.4 167.5
Operating lease right-of-use assets 188.2 193.2
Sundry 142.4 121.4
Total other assets 1,296.7 1,971.9
TOTAL ASSETS 3,780.1 4,634.5
Current Liabilities    
Short-term debt and current maturities of long-term debt 301.1 308.0
Current portion of operating lease liabilities 53.7 57.3
Accounts payable 516.0 536.2
Accrued expenses 249.3 256.8
Other current liabilities 51.6 104.3
Total current liabilities 1,171.7 1,262.6
Long-term Liabilities    
Long-term debt 1,578.2 1,679.6
Operating lease liabilities 143.3 150.5
Other long-term liabilities 90.1 106.6
Deferred income taxes 55.0 101.2
Total long-term liabilities 1,866.6 2,037.9
Commitments and Contingencies
Equity    
Common stock 2.0 2.0
Additional contributed capital 570.8 575.8
Retained earnings 2,057.3 2,661.1
Accumulated other comprehensive loss (54.2) (43.7)
Treasury stock (1,834.9) (1,861.9)
Total Leggett & Platt, Inc. equity 741.0 1,333.3
Noncontrolling interest 0.8 0.7
Total equity 741.8 1,334.0
TOTAL LIABILITIES AND EQUITY $ 3,780.1 $ 4,634.5