Consolidated Statements Of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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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 |
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The net result for the period of deducting expenses from revenues from Continuing Operations and before interest and income taxes. No definition available.
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The aggregate amount for revenues/gains/losses resulted from operating activities (activities related to reporting entity's normal operation) during an accounting period, net of any expenses/losses incurred in such activities and not otherwise defined. No definition available.
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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