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Quarterly Summary Of Earnings
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Summary Of Earnings
Quarterly Summary of Earnings
 (Unaudited)
 
 
 
 
 
 
 
 
 
 
Year ended December 31       (Amounts in millions, except per share data)
First 
 
Second 
 
Third 1,3
 
Fourth 2,4
 
Total
2018
 
 
 
 
 
 
 
 
 
Net sales
$
1,028.8

 
$
1,102.5

 
$
1,091.5

 
$
1,046.7

 
$
4,269.5

Gross profit
217.4

 
231.0

 
227.1

 
213.2

 
888.7

Earnings from continuing operations before income taxes
95.4

 
107.5

 
113.3

 
68.2

 
384.4

Earnings from continuing operations
$
77.9

 
$
85.1

 
$
90.0

 
$
53.1

 
$
306.1

Earnings (loss) from discontinued operations, net of tax
—

 
—

 
—

 
—

 
—

Net earnings
77.9

 
85.1

 
90.0

 
53.1

 
306.1

(Earnings) attributable to noncontrolling interest, net of tax
—

 
(.1
)
 
—

 
(.1
)
 
(.2
)
Net earnings attributable to Leggett & Platt, Inc. common shareholders
$
77.9

 
$
85.0

 
$
90.0

 
$
53.0

 
$
305.9

Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.58

 
$
.63

 
$
.67

 
$
.40

 
$
2.28

Diluted
$
.57

 
$
.63

 
$
.67

 
$
.39

 
$
2.26

Earnings (loss) per share from discontinued operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Diluted
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.58

 
$
.63

 
$
.67

 
$
.40

 
$
2.28

Diluted
$
.57

 
$
.63

 
$
.67

 
$
.39

 
$
2.26

2017
 
 
 
 
 
 
 
 
 
Net sales
$
960.3

 
$
989.3

 
$
1,009.7

 
$
984.5

 
$
3,943.8

Gross profit
226.7

 
230.7

 
216.5

 
208.5

 
882.4

Earnings from continuing operations before income taxes
107.3

 
113.4

 
100.7

 
110.6

 
432.0

Earnings from continuing operations
$
86.1

 
$
87.6

 
$
83.5

 
$
36.4

 
$
293.6

Earnings (loss) from discontinued operations, net of tax
—

 
—

 
(.9
)
 
—

 
(.9
)
Net earnings
86.1

 
87.6

 
82.6

 
36.4

 
292.7

(Earnings) attributable to noncontrolling interest, net of tax
—

 
—

 
—

 
(.1
)
 
(.1
)
Net earnings attributable to Leggett & Platt, Inc. common shareholders
$
86.1

 
$
87.6

 
$
82.6

 
$
36.3

 
$
292.6

Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.63

 
$
.64

 
$
.62

 
$
.27

 
$
2.16

Diluted
$
.62

 
$
.64

 
$
.61

 
$
.27

 
$
2.14

Earnings (loss) per share from discontinued operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
—

 
$
—

 
$
(.01
)
 
$
—

 
$
(.01
)
Diluted
$
—

 
$
—

 
$
(.01
)
 
$
—

 
$
(.01
)
Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.63

 
$
.64

 
$
.61

 
$
.27

 
$
2.15

Diluted
$
.62

 
$
.64

 
$
.60

 
$
.27

 
$
2.13



All items below are shown pretax with the exception of the 2017 Tax Cuts and Jobs Act (TCJA) items discussed below.

1 
Third quarter 2018 Earnings from continuing operations include a $2 benefit associated with the TCJA (Note O)
2 
Fourth quarter 2018 Earnings from continuing operations include a charge of $16 for restructuring (Note F); $16 charge for a customer receivable impairment (Note I); $7 charge for ECS acquisition transaction costs (Note V)
3 
Third quarter 2017 Earnings from continuing operations include a charge of $5 associated with a small Wire Products business impairment (Note D); $3 charge associated with the sale of a business (Note C)
4 
Fourth quarter 2017 Earnings from continuing operations include a gain of $23 associated with the sale of real estate (Note C); $15 pension settlement charge (Note N); $50 charge associated with the TCJA (Note O)