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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 253.2 $ 332.8
Trade receivables, net 448.7 470.4
Other receivables, net 71.5 52.9
Total receivables, net 520.2 523.3
Inventories    
Inventories 242.8 251.9
Finished goods 42.6 55.5
Work in process 241.8 247.0
Raw materials and supplies (22.6) (73.0)
LIFO reserve 504.6 481.4
Total inventories, net 33.2 91.8
Other current assets 1,311.2 1,429.3
Total current assets    
Property, Plant and Equipment—at cost 1,099.1 1,151.4
Machinery and equipment 548.2 551.1
Buildings and other 40.0 40.1
Land 1,687.3 1,742.6
Total property, plant and equipment 1,146.5 1,193.8
Less accumulated depreciation 540.8 548.8
Net property, plant and equipment    
Other Assets 806.1 829.4
Other intangibles, less accumulated amortization of $142.1 and $129.7 at December 31, 2015 and 2014, respectively 192.3 204.7
Other intangibles, less accumulated amortization of $142.1 and $129.7 at December 31, 2015 and 2014, respectively 117.2 128.4
Sundry 1,115.6 1,162.5
Total other assets 2,967.6 3,140.6
Current Liabilities    
Current maturities of long-term debt 3.4 201.7
Accounts payable 307.2 369.8
Accrued expenses 286.7 337.6
Other current liabilities 103.9 83.1
Total current liabilities 701.2 992.2
Long-term Liabilities    
Long-term debt 945.4 766.7
Other long-term liabilities 184.7 185.0
Deferred income taxes 38.6 41.8
Total long-term liabilities $ 1,168.7 $ 993.5
Commitments and Contingencies
Equity    
Capital stock: Preferred stock—authorized, 100.0 shares; none issued; Common stock—authorized, 600.0 shares of $.01 par value; 198.8 shares issued $ 2.0 $ 2.0
Additional contributed capital 529.5 502.4
Retained earnings 2,209.2 2,061.3
Accumulated other comprehensive income (loss) (91.1) (2.6)
Less treasury stock—at cost (63.2 and 61.0 shares at December 31, 2015 and 2014, respectively) (1,564.0) (1,416.6)
Total Leggett & Platt, Inc. equity 1,085.6 1,146.5
Noncontrolling interest 12.1 8.4
Total equity 1,097.7 1,154.9
TOTAL LIABILITIES AND EQUITY $ 2,967.6 $ 3,140.6