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Quarterly Summary Of Earnings
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Summary Of Earnings
Quarterly Summary of Earnings
 Leggett & Platt, Incorporated
 (Unaudited)
(Dollar amounts in millions, except per share data)
Year ended December 31
First
 
Second 1
 
Third 2,4
 
Fourth 3,5
 
Total
2014
 
 
 
 
 
 
 
 
 
Net sales
$
875.5

 
$
956.1

 
$
997.4

 
$
953.3

 
$
3,782.3

Gross profit
176.8

 
200.7

 
209.1

 
203.8

 
790.4

Earnings from continuing operations before income taxes
76.8

 
93.2

 
66.5

 
59.0

 
295.5

Earnings from continuing operations
$
56.0

 
$
69.6

 
$
53.4

 
$
46.2

 
$
225.2

Earnings (loss) from discontinued operations, net of tax
(2.3
)
 
(92.7
)
 
(4.4
)
 
(24.6
)
 
(124.0
)
Net earnings
53.7

 
(23.1
)
 
49.0

 
21.6

 
101.2

(Earnings) attributable to noncontrolling interest, net of tax
(.6
)
 
(.8
)
 
(.8
)
 
(1.0
)
 
(3.2
)
Net earnings attributable to Leggett & Platt, Inc. common shareholders
$
53.1

 
$
(23.9
)
 
$
48.2

 
$
20.6

 
$
98.0

Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.39

 
$
.49

 
$
.37

 
$
.32

 
$
1.57

Diluted
$
.38

 
$
.48

 
$
.37

 
$
.32

 
$
1.55

Earnings (loss) per share from discontinued operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
(.02
)
 
$
(.66
)
 
$
(.03
)
 
$
(.17
)
 
$
(.88
)
Diluted
$
(.02
)
 
$
(.65
)
 
$
(.03
)
 
$
(.17
)
 
$
(.87
)
Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.37

 
$
(.17
)
 
$
.34

 
$
.15

 
$
.69

Diluted
$
.37

 
$
(.17
)
 
$
.34

 
$
.14

 
$
.68

2013
 
 
 
 
 
 
 
 
 
Net sales
$
860.8

 
$
879.6

 
$
877.6

 
$
859.2

 
$
3,477.2

Gross profit
179.9

 
185.3

 
179.6

 
165.1

 
709.9

Earnings from continuing operations before income taxes
68.4

 
82.4

 
90.5

 
(3.7
)
 
237.6

Earnings from continuing operations
$
49.7

 
$
59.6

 
$
66.5

 
$
10.5

 
$
186.3

Earnings (loss) from discontinued operations, net of tax
(.2
)
 
12.3

 
5.5

 
(4.2
)
 
13.4

Net earnings
49.5

 
71.9

 
72.0

 
6.3

 
199.7

(Earnings) attributable to noncontrolling interest, net of tax
(.4
)
 
(.6
)
 
(.7
)
 
(.7
)
 
(2.4
)
Net earnings attributable to Leggett & Platt, Inc. common shareholders
$
49.1

 
$
71.3

 
$
71.3

 
$
5.6

 
$
197.3

Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.34

 
$
.41

 
$
.45

 
$
.07

 
$
1.27

Diluted
$
.33

 
$
.40

 
$
.45

 
$
.07

 
$
1.25

Earnings (loss) per share from discontinued operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$

 
$
.08

 
$
.04

 
$
(.03
)
 
$
.09

Diluted
$

 
$
.08

 
$
.04

 
$
(.03
)
 
$
.09

Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.34

 
$
.49

 
$
.49

 
$
.04

 
$
1.36

Diluted
$
.33

 
$
.48

 
$
.49

 
$
.04

 
$
1.34

__________________________________

1.
Second quarter 2014 Earnings from discontinued operations include pretax goodwill impairment charges of $108 associated with the Store Fixtures operation. See Note B and Note E.
2.
Third quarter 2014 Earnings from continuing operations includes pretax charges of $32 associated with litigation accruals. Discontinued operations includes pretax charges of $8 for litigation accruals. See Note T.
3.
Fourth quarter 2014 Earnings from continuing operations include pretax charges of $22 for litigation accruals. Discontinued operations includes the following pretax items: $27 litigation accruals and a $9 loss on the sale of the majority of our Store Fixtures unit. See Note B and Note T.
4.
In the third quarter of 2013 we recorded a $9 bargain purchase gain related to an acquisition. See Note R.
5.
In the fourth quarter of 2013 we incurred pretax charges of $67 related to the Commercial Vehicle Products group ($63 goodwill impairment charge and $4 accelerated amortization of a customer-related intangible asset.) See Note C.