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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 268.1 $ 526.1
Trade receivables, net 545.3 522.3
Other receivables, net 26.3 72.8
Total receivables, net 571.6 595.1
Inventories    
Finished goods 331.6 285.6
Work in process 49.6 53.0
Raw materials and supplies 334.9 283.4
LIFO reserve (82.2) (50.9)
Total inventories, net 633.9 571.1
Prepaid expenses and other current assets 51.0 74.2
Total current assets 1,524.6 1,766.5
Property, Plant and Equipment—at cost    
Machinery and equipment 1,281.7 1,210.6
Buildings and other 656.8 626.0
Land 42.4 40.6
Total property, plant and equipment 1,980.9 1,877.2
Less accumulated depreciation 1,252.4 1,213.3
Net property, plant and equipment 728.5 663.9
Other Assets    
Goodwill 833.8 822.2
Other intangibles, net 178.7 169.1
Sundry 116.4 129.1
Total other assets 1,128.9 1,120.4
TOTAL ASSETS 3,382.0 3,550.8
Current Liabilities    
Current maturities of long-term debt 1.2 153.8
Accounts payable 465.4 430.3
Accrued expenses 262.7 303.4
Other current liabilities 86.4 88.7
Total current liabilities 815.7 976.2
Long-term Liabilities    
Long-term debt 1,167.8 1,097.9
Other long-term liabilities 155.3 202.9
Deferred income taxes 85.6 83.0
Total long-term liabilities 1,408.7 1,383.8
Commitments and Contingencies
Equity    
Capital stock: Preferred stock—authorized, 100.0 shares; none issued; Common stock—authorized, 600.0 shares of $.01 par value; 198.8 shares issued 2.0 2.0
Additional contributed capital 527.1 514.7
Retained earnings 2,613.8 2,511.3
Accumulated other comprehensive (loss) (77.6) (9.5)
Less treasury stock—at cost (68.3 and 66.9 shares at December 31, 2018 and 2017, respectively) (1,908.3) (1,828.3)
Total Leggett & Platt, Inc. equity 1,157.0 1,190.2
Noncontrolling interest 0.6 0.6
Total equity 1,157.6 1,190.8
TOTAL LIABILITIES AND EQUITY $ 3,382.0 $ 3,550.8