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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 247.6 $ 268.1
Trade receivables, net 564.4 545.3
Other receivables, net 27.5 26.3
Total receivables, net 591.9 571.6
Total inventories, net 636.7 633.9
Prepaid expenses and other current assets 61.9 51.0
Total current assets 1,538.1 1,524.6
Property, Plant and Equipment—at cost    
Machinery and equipment 1,388.8 1,281.7
Buildings and other 719.0 656.8
Land 43.5 42.4
Total property, plant and equipment 2,151.3 1,980.9
Less accumulated depreciation 1,320.5 1,252.4
Net property, plant and equipment 830.8 728.5
Other Assets    
Goodwill 1,406.3 833.8
Other intangibles, net 764.0 178.7
Operating lease right-of-use assets 158.8  
Sundry 118.4 116.4
Total other assets 2,447.5 1,128.9
TOTAL ASSETS 4,816.4 3,382.0
Current Liabilities    
Current maturities of long-term debt 51.1  
Current maturities of long-term debt 51.1 1.2
Current portion of operating lease liabilities 39.3  
Accounts payable 463.4 465.4
Accrued expenses 281.0 262.7
Other current liabilities 93.3 86.4
Total current liabilities 928.1 815.7
Long-term Liabilities    
Long-term debt 2,066.5 1,167.8
Operating lease liabilities 121.6  
Other long-term liabilities 173.5 155.3
Deferred income taxes 214.2 85.6
Total long-term liabilities 2,575.8 1,408.7
Commitments and Contingencies
Equity    
Common 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 536.1 527.1
Retained earnings 2,734.5 2,613.8
Accumulated other comprehensive (loss) (76.8) (77.6)
Less treasury stock—at cost (67.0 and 68.3 shares at December 31, 2019 and 2018, respectively) (1,883.8) (1,908.3)
Total Leggett & Platt, Inc. equity 1,312.0 1,157.0
Noncontrolling interest 0.5 0.6
Total equity 1,312.5 1,157.6
TOTAL LIABILITIES AND EQUITY $ 4,816.4 $ 3,382.0