XML 70 R49.htm IDEA: XBRL DOCUMENT v3.25.4

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Earnings (Loss) From Continuing Operations Before Income Taxes

The components of "Earnings (loss) before income taxes" shown in the Consolidated Statements of Operations are as follows:

			Year Ended December 31,
			2025						2024						2023
Domestic			$	(14.0)					$	(586.2)					$	(388.6)
Foreign			303.7						77.0						215.2
Earnings (loss) before income taxes			$	289.7					$	(509.2)					$	(173.4)

Schedule of Income Taxes

"Income taxes" shown in the Consolidated Statements of Operations is comprised of the following components:

			Year Ended December 31,
			2025						2024						2023
Current
Federal			$	20.8					$	7.2					$	24.4
State and local			4.7						1.4						3.7
Foreign			49.0						51.6						64.5
Total current			74.5						60.2						92.6
Deferred
Federal			(21.5)						(48.6)						(100.6)
State and local			(3.3)						(7.2)						(19.9)
Foreign			4.6						(2.2)						(8.7)
Total deferred			(20.2)						(58.0)						(129.2)
Total income taxes			$	54.3					$	2.2					$	(36.6)

Schedule of Income Tax Expense, Earning (Loss) From Continuing Operations Percentage

A reconciliation of the provision for "Income taxes" in amounts and as percentages of "Earnings (loss) before income taxes" differs from the statutory federal income tax rate after the adoption of ASU 2023-09 as follows:

			Year Ended December 31,
			2025
			Amount						Percent
U.S. statutory federal income tax rate			$	60.8					21.0		%
State and local income taxes, net of federal income tax effect 1			2.3						.8
Foreign tax effects
Canada
Withholding taxes			12.7						4.4
Local income taxes			3.3						1.1
Other			(2.3)						(.8)
China
Statutory tax rate difference between China and United States			(3.3)						(1.1)
Withholding taxes			6.0						2.1
Nontaxable or nondeductible items			(3.1)						(1.1)
Other			.9						.3
Cyprus			(3.5)						(1.2)
France
Nontaxable gain related to divestiture of Aerospace Products Group			(11.8)						(4.1)
Other			2.4						.8
United Kingdom
Nontaxable gain related to divestiture of Aerospace Products Group			(15.2)						(5.3)
Other			2.2						.8
Other foreign jurisdictions			1.6						.6
Effect of changes in tax laws or rates enacted in current period			1.6						.6
Effect of cross-border tax laws
Global intangible low-taxed income (GILTI), net			4.1						1.4
Other, net			(.2)						(.1)
Tax credits			(1.7)						(.6)
Changes in unrecognized tax benefits			(.3)						(.1)
Nontaxable or nondeductible items			4.8						1.6
Other adjustments
Release of stranded tax effects from AOCI (See Note M)			(5.8)						(2.0)
Other			(1.2)						(.4)
Effective tax rate			$	54.3					18.7		%

1 State taxes in California, Illinois, and Texas made up the majority (greater than 50%) of the tax effect in this category.

For years ended December 31, 2024 and 2023, a reconciliation of the provision for "Income taxes" as a percentage of "Earnings (loss) before income taxes" differs from the statutory federal income tax rate before the adoption of ASU 2023-09 as follows:

									Year Ended December 31,
									2024						2023
Statutory federal income tax rate									21.0		%				21.0		%
Increases (decreases) in rate resulting from:
State taxes, net of federal benefit									.1						.2
Tax effect of foreign operations									.8						(1.4)
Global intangible low-taxed income									(.4)						(1.5)
Current and deferred foreign withholding taxes									(1.9)						(7.3)
Goodwill and long-lived asset impairments									(19.5)						5.4
Stock-based compensation									(.2)						.1
Change in valuation allowance									(1.3)						(.4)
Change in uncertain tax positions, net									(.1)						(.3)
Other permanent differences, net									1.1						3.9
Other, net									—						1.4
Effective tax rate									(.4		%)				21.1		%

Schedule of Deferred Income Tax Assets and Liabilities

Deferred income taxes are provided for the temporary differences between the financial reporting basis and the tax basis of our assets and liabilities. The major temporary differences and their associated deferred tax assets or liabilities are as follows:

			December 31,
			2025												2024
			Assets						Liabilities						Assets						Liabilities
Property, plant and equipment			$	12.6					$	(71.2)					$	13.7					$	(76.2)
Inventories			4.8						(.8)						5.8						(.7)
Accrued expenses			52.6						(1.4)						51.1						(.3)
Net operating losses and other tax carryforwards			56.8						—						56.2						—
Pension cost and other post-retirement benefits			3.3						(2.6)						3.8						(.9)
Intangible assets			14.3						(61.3)						10.8						(69.1)
Derivative financial instruments			—						(3.5)						.9						(4.0)
Capitalized research and experimentation expenses			14.7						—						12.5						—
Tax on undistributed earnings (primarily from Canada and China)			—						(28.7)						—						(18.6)
Uncertain tax positions			4.1						—						3.3						—
Other			11.0						(9.5)						9.9						(8.3)
Gross deferred tax assets (liabilities)			174.2						(179.0)						168.0						(178.1)
Valuation allowance			(21.0)						—						(20.5)						—
Total deferred taxes			$	153.2					$	(179.0)					$	147.5					$	(178.1)
Net deferred tax liability									$	(25.8)											$	(30.6)

Schedule of Deferred Tax Assets And (Liabilities) Included In Consolidated Balance Sheets

Deferred tax assets (liabilities) included in the Consolidated Balance Sheets are as follows:

			December 31,
			2025						2024
Other noncurrent assets			$	27.1					$	18.3
Deferred income taxes			(52.9)						(48.9)
Net deferred tax liability			$	(25.8)					$	(30.6)

Schedule of Income Taxes, Net of Refunds

The following table presents cash paid for income taxes, net of refunds received, by jurisdiction as follows:

			Year Ended December 31,
			2025
Federal			$	28.8
State and local			2.9
Foreign:
Canada			14.8
China			21.0
All other foreign jurisdictions			19.7
Total foreign			55.5
Total income taxes paid, net of refunds received			$	87.2

X

- Definition

Deferred Tax Assets And Liabilities Included In Consolidated Balance Sheets

+ References

No definition available.

+ Details

Name:	leg_DeferredTaxAssetsAndLiabilitiesIncludedInConsolidatedBalanceSheetsTableTextBlock
Namespace Prefix:	leg_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration