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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 587.4 $ 350.2
Trade receivables, net 433.7 503.0
Other receivables, net 42.2 56.4
Inventories 622.6 722.6
Prepaid expenses and other current assets 57.7 58.3
Total current assets 1,743.6 1,690.5
Property, Plant and Equipment—at cost    
Machinery and equipment 1,440.0 1,466.3
Buildings and other 752.4 780.6
Land 36.7 39.0
Total property, plant and equipment 2,229.1 2,285.9
Less accumulated depreciation 1,565.1 1,561.5
Net property, plant and equipment 664.0 724.4
Other Assets    
Goodwill 751.4 794.4
Other intangibles, net 91.3 140.4
Operating lease right-of-use assets 137.9 175.7
Other noncurrent assets 148.2 136.2
Total other assets 1,128.8 1,246.7
TOTAL ASSETS 3,536.4 3,661.6
Current Liabilities    
Current maturities of long-term debt and short-term debt 1.5 1.3
Current portion of operating lease liabilities 51.5 53.4
Accounts payable 466.6 497.7
Accrued expenses 227.3 242.2
Other current liabilities 28.1 51.8
Total current liabilities 775.0 846.4
Long-term Liabilities    
Long-term debt 1,496.2 1,862.8
Operating lease liabilities 106.7 131.1
Other long-term liabilities 83.0 82.2
Deferred income taxes 52.9 48.9
Total long-term liabilities 1,738.8 2,125.0
Commitments and Contingencies
Equity    
Common stock—authorized, 600.0 shares of $.01 par value; 198.8 shares issued; Preferred stock—authorized, 100.0 shares; none issued 2.0 2.0
Additional contributed capital 550.3 568.7
Retained earnings 2,272.2 2,064.5
Accumulated other comprehensive loss (9.0) (115.8)
Less treasury stock—at cost (63.3 and 64.4 shares at December 31, 2025 and 2024, respectively) (1,793.4) (1,830.0)
Total Leggett & Platt, Inc. equity 1,022.1 689.4
Noncontrolling interest 0.5 0.8
Total equity 1,022.6 690.2
TOTAL LIABILITIES AND EQUITY $ 3,536.4 $ 3,661.6