XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 273.9 $ 316.5
Trade receivables, net 626.9 609.0
Other receivables, net 84.4 66.0
Inventories 834.9 907.5
Prepaid expenses and other current assets 66.1 59.0
Total current assets 1,886.2 1,958.0
PROPERTY, PLANT AND EQUIPMENT—AT COST    
Machinery and equipment 1,471.7 1,434.0
Buildings and other 815.0 791.0
Land 42.0 43.5
Total property, plant and equipment 2,328.7 2,268.5
Less accumulated depreciation 1,552.0 1,496.1
Net property, plant and equipment 776.7 772.4
OTHER ASSETS    
Goodwill 1,475.4 1,474.4
Other intangibles, less accumulated amortization of $399.4 and $356.4 as of September 30, 2023 and December 31, 2022, respectively 622.5 675.4
Operating lease right-of-use assets 200.1 195.0
Sundry 116.7 110.9
Total other assets 2,414.7 2,455.7
TOTAL ASSETS 5,077.6 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 55.9 49.5
Accounts payable 534.1 518.4
Accrued expenses 295.4 261.7
Other current liabilities 114.8 129.1
Total current liabilities 1,009.1 968.1
LONG-TERM LIABILITIES    
Long-term debt 1,963.0 2,074.2
Operating lease liabilities 156.5 153.6
Other long-term liabilities 108.6 126.1
Deferred income taxes 204.5 222.7
Total long-term liabilities 2,432.6 2,576.6
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock 2.0 2.0
Additional contributed capital 573.4 568.5
Retained earnings 3,021.3 3,046.0
Accumulated other comprehensive loss (96.7) (93.5)
Treasury stock (1,864.9) (1,882.3)
Total Leggett & Platt, Inc. equity 1,635.1 1,640.7
Noncontrolling interest 0.8 0.7
Total equity 1,635.9 1,641.4
TOTAL LIABILITIES AND EQUITY $ 5,077.6 $ 5,186.1