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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 361.7 $ 348.9
Trade receivables, net 620.0 535.2
Other receivables, net 31.5 28.4
Total receivables, net 651.5 563.6
Inventories 993.2 691.5
Prepaid expenses and other current assets 58.9 54.1
Total current assets 2,065.3 1,658.1
Property, Plant and Equipment—at cost    
Machinery and equipment 1,435.0 1,396.2
Buildings and other 772.1 740.9
Land 44.1 43.6
Total property, plant and equipment 2,251.2 2,180.7
Less accumulated depreciation 1,469.7 1,395.9
Net property, plant and equipment 781.5 784.8
Other Assets    
Goodwill 1,449.6 1,388.8
Other intangibles, net 707.8 701.6
Operating lease right-of-use assets 192.6 161.6
Sundry 110.5 105.1
Total other assets 2,460.5 2,357.1
TOTAL ASSETS 5,307.3 4,800.0
Current Liabilities    
Current maturities of long-term debt 300.6 50.9
Current portion of operating lease liabilities 44.5 42.4
Accounts payable 613.8 552.2
Accrued expenses 284.6 275.2
Other current liabilities 92.2 85.3
Total current liabilities 1,335.7 1,006.0
Long-term Liabilities    
Long-term debt 1,789.7 1,849.3
Operating lease liabilities 153.0 122.1
Other long-term liabilities 162.9 192.1
Deferred income taxes 217.4 205.4
Total long-term liabilities 2,323.0 2,368.9
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 557.9 543.2
Retained earnings 2,973.0 2,797.2
Accumulated other comprehensive (loss) (38.3) (52.4)
Less treasury stock—at cost (65.4 and 66.2 shares at December 31, 2021 and 2020, respectively) (1,846.6) (1,865.4)
Total Leggett & Platt, Inc. equity 1,648.0 1,424.6
Noncontrolling interest 0.6 0.5
Total equity 1,648.6 1,425.1
TOTAL LIABILITIES AND EQUITY $ 5,307.3 $ 4,800.0