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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 350.2 $ 365.5
Trade receivables, net 503.0 564.9
Other receivables, net 56.4 72.4
Inventories 722.6 819.7
Prepaid expenses and other current assets 58.3 58.9
Total current assets 1,690.5 1,881.4
Property, Plant and Equipment—at cost    
Machinery and equipment 1,466.3 1,488.3
Buildings and other 780.6 820.3
Land 39.0 42.8
Total property, plant and equipment 2,285.9 2,351.4
Less accumulated depreciation 1,561.5 1,570.2
Net property, plant and equipment 724.4 781.2
Other Assets    
Goodwill 794.4 1,489.8
Other intangibles, net 140.4 167.5
Operating lease right-of-use assets 175.7 193.2
Sundry 136.2 121.4
Total other assets 1,246.7 1,971.9
TOTAL ASSETS 3,661.6 4,634.5
Current Liabilities    
Current maturities of long-term debt and short-term debt 1.3 308.0
Current portion of operating lease liabilities 53.4 57.3
Accounts payable 497.7 536.2
Accrued expenses 242.2 256.8
Other current liabilities 51.8 104.3
Total current liabilities 846.4 1,262.6
Long-term Liabilities    
Long-term debt 1,862.8 1,679.6
Operating lease liabilities 131.1 150.5
Other long-term liabilities 82.2 106.6
Deferred income taxes 48.9 101.2
Total long-term liabilities 2,125.0 2,037.9
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 568.7 575.8
Retained earnings 2,064.5 2,661.1
Accumulated other comprehensive loss (115.8) (43.7)
Less treasury stock—at cost (64.4 and 65.4 shares at December 31, 2024 and 2023, respectively) (1,830.0) (1,861.9)
Total Leggett & Platt, Inc. equity 689.4 1,333.3
Noncontrolling interest 0.8 0.7
Total equity 690.2 1,334.0
TOTAL LIABILITIES AND EQUITY $ 3,661.6 $ 4,634.5