XML 87 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net sales $ 3,782.3us-gaap_SalesRevenueNet $ 3,477.2us-gaap_SalesRevenueNet $ 3,414.5us-gaap_SalesRevenueNet
Cost of goods sold 2,991.9us-gaap_CostOfGoodsSold 2,767.3us-gaap_CostOfGoodsSold 2,718.9us-gaap_CostOfGoodsSold
Gross profit 790.4us-gaap_GrossProfit 709.9us-gaap_GrossProfit 695.6us-gaap_GrossProfit
Selling and administrative expenses 449.6us-gaap_SellingGeneralAndAdministrativeExpense 367.9us-gaap_SellingGeneralAndAdministrativeExpense 348.1us-gaap_SellingGeneralAndAdministrativeExpense
Amortization of intangibles 19.7us-gaap_AmortizationOfIntangibleAssets 25.4us-gaap_AmortizationOfIntangibleAssets 25.1us-gaap_AmortizationOfIntangibleAssets
Goodwill impairment 108.0us-gaap_GoodwillImpairmentLoss 63.0us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss
Goodwill impairment 109.3us-gaap_AssetImpairmentCharges 65.4us-gaap_AssetImpairmentCharges  
Other (income) expense, net (10.4)leg_OtherIncomeExpenseNet (21.0)leg_OtherIncomeExpenseNet (2.0)leg_OtherIncomeExpenseNet
Earnings from continuing operations before interest and income taxes 331.5leg_EarningsFromContinuingOperationsBeforeInterestAndTaxes 274.6leg_EarningsFromContinuingOperationsBeforeInterestAndTaxes 324.4leg_EarningsFromContinuingOperationsBeforeInterestAndTaxes
Interest expense 41.8us-gaap_InterestExpense 44.7us-gaap_InterestExpense 43.4us-gaap_InterestExpense
Interest income 5.8us-gaap_InvestmentIncomeInterest 7.7us-gaap_InvestmentIncomeInterest 6.5us-gaap_InvestmentIncomeInterest
Earnings from continuing operations before income taxes 295.5us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 237.6us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 287.5us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income taxes 70.3us-gaap_IncomeTaxExpenseBenefit 51.3us-gaap_IncomeTaxExpenseBenefit 55.7us-gaap_IncomeTaxExpenseBenefit
Earnings from continuing operations 225.2us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 186.3us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 231.8us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Earnings (loss) from discontinued operations, net of tax (124.0)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 13.4us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 18.7us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net earnings 101.2us-gaap_ProfitLoss 199.7us-gaap_ProfitLoss 250.5us-gaap_ProfitLoss
(Earnings) attributable to noncontrolling interest, net of tax (3.2)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (2.4)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (2.3)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net earnings attributable to Leggett & Platt, Inc. common shareholders 98.0us-gaap_NetIncomeLoss 197.3us-gaap_NetIncomeLoss 248.2us-gaap_NetIncomeLoss
Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders      
Basic (in dollars per share) $ 1.57us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.27us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.59us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Diluted (in dollars per share) $ 1.55us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.25us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.57us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Earnings (loss) per share from discontinued operations attributable to Leggett & Platt, Inc. common shareholders      
Basic (in dollars per share) $ (0.88)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.09us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.13us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Diluted (in dollars per share) $ (0.87)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.09us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.13us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net earnings per share attributable to Leggett & Platt, Inc. common shareholders      
Basic (in dollars per share) $ 0.69us-gaap_EarningsPerShareBasic $ 1.36us-gaap_EarningsPerShareBasic $ 1.72us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.68us-gaap_EarningsPerShareDiluted $ 1.34us-gaap_EarningsPerShareDiluted $ 1.70us-gaap_EarningsPerShareDiluted
Continuing Operations      
Goodwill impairment 0us-gaap_GoodwillImpairmentLoss
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= us-gaap_SegmentContinuingOperationsMember
63.0us-gaap_GoodwillImpairmentLoss
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= us-gaap_SegmentContinuingOperationsMember
0us-gaap_GoodwillImpairmentLoss
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= us-gaap_SegmentContinuingOperationsMember
Goodwill impairment $ 1.3us-gaap_AssetImpairmentCharges
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= us-gaap_SegmentContinuingOperationsMember
$ 63.8us-gaap_AssetImpairmentCharges
/ us-gaap_StatementOperatingActivitiesSegmentAxis
= us-gaap_SegmentContinuingOperationsMember