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CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 344.5 $ 316.5
Trade receivables, net 642.2 609.0
Other receivables, net 76.0 66.0
Inventories 892.7 907.5
Prepaid expenses and other current assets 59.4 59.0
Total current assets 2,014.8 1,958.0
PROPERTY, PLANT AND EQUIPMENT—AT COST    
Machinery and equipment 1,456.6 1,434.0
Buildings and other 808.0 791.0
Land 43.9 43.5
Total property, plant and equipment 2,308.5 2,268.5
Less accumulated depreciation 1,521.9 1,496.1
Net property, plant and equipment 786.6 772.4
OTHER ASSETS    
Goodwill 1,473.6 1,474.4
Other intangibles, less accumulated amortization of $367.6 and $356.4 as of March 31, 2023 and December 31, 2022, respectively 660.4 675.4
Operating lease right-of-use assets 221.1 195.0
Sundry 113.5 110.9
Total other assets 2,468.6 2,455.7
TOTAL ASSETS 5,270.0 5,186.1
CURRENT LIABILITIES    
Short-term debt and current maturities of long-term debt 8.9 9.4
Current portion of operating lease liabilities 55.1 49.5
Accounts payable 552.2 518.4
Accrued expenses 237.8 261.7
Other current liabilities 114.6 129.1
Total current liabilities 968.6 968.1
LONG-TERM LIABILITIES    
Long-term debt 2,108.9 2,074.2
Operating lease liabilities 175.9 153.6
Other long-term liabilities 129.8 126.1
Deferred income taxes 219.7 222.7
Total long-term liabilities 2,634.3 2,576.6
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock 2.0 2.0
Additional contributed capital 565.9 568.5
Retained earnings 3,039.6 3,046.0
Accumulated other comprehensive loss (71.8) (93.5)
Treasury stock (1,869.2) (1,882.3)
Total Leggett & Platt, Inc. equity 1,666.5 1,640.7
Noncontrolling interest 0.6 0.7
Total equity 1,667.1 1,641.4
TOTAL LIABILITIES AND EQUITY $ 5,270.0 $ 5,186.1