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Quarterly Summary Of Earnings
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Summary Of Earnings
Quarterly Summary of Earnings
 (Unaudited)
(Dollar amounts in millions, except per share data)
Year ended December 31
First 3
 
Second 1,4
 
Third
 
Fourth 2,5
 
Total
2016
 
 
 
 
 
 
 
 
 
Net sales
$
938.4

 
$
958.9

 
$
948.9

 
$
903.7

 
$
3,749.9

Gross profit
233.6

 
234.0

 
227.4

 
204.2

 
899.2

Earnings from continuing operations before income taxes
118.7

 
137.2

 
121.2

 
110.0

 
487.1

Earnings from continuing operations
$
91.0

 
$
99.5

 
$
93.6

 
$
83.0

 
$
367.1

Earnings (loss) from discontinued operations, net of tax
.1

 
20.3

 
—

 
(1.3
)
 
19.1

Net earnings
91.1

 
119.8

 
93.6

 
81.7

 
386.2

(Earnings) attributable to noncontrolling interest, net of tax
(1.6
)
 
1.4

 
(.1
)
 
(.1
)
 
(.4
)
Net earnings attributable to Leggett & Platt, Inc. common shareholders
$
89.5

 
$
121.2

 
$
93.5

 
$
81.6

 
$
385.8

Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.64

 
$
.73

 
$
.68

 
$
.61

 
$
2.66

Diluted
$
.63

 
$
.72

 
$
.67

 
$
.60

 
$
2.62

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

 
$
.15

 
$
—

 
$
(.01
)
 
$
.14

Diluted
$
—

 
$
.15

 
$
—

 
$
(.01
)
 
$
.14

Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.64

 
$
.88

 
$
.68

 
$
.60

 
$
2.80

Diluted
$
.63

 
$
.87

 
$
.67

 
$
.59

 
$
2.76

2015
 
 
 
 
 
 
 
 
 
Net sales
$
966.2

 
$
997.3

 
$
1,009.1

 
$
944.6

 
$
3,917.2

Gross profit
217.8

 
230.7

 
241.1

 
233.6

 
923.2

Earnings from continuing operations before income taxes
102.0

 
109.0

 
132.3

 
106.5

 
449.8

Earnings from continuing operations
$
73.3

 
$
76.7

 
$
96.2

 
$
81.8

 
$
328.0

Earnings (loss) from discontinued operations, net of tax
(.5
)
 
1.8

 
(.1
)
 
—

 
1.2

Net earnings (loss)
72.8

 
78.5

 
96.1

 
81.8

 
329.2

(Earnings) attributable to noncontrolling interest, net of tax
(1.1
)
 
(.8
)
 
(.9
)
 
(1.3
)
 
(4.1
)
Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders
$
71.7

 
$
77.7

 
$
95.2

 
$
80.5

 
$
325.1

Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.51

 
$
.54

 
$
.68

 
$
.57

 
$
2.30

Diluted
$
.50

 
$
.53

 
$
.67

 
$
.57

 
$
2.27

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

 
$
.01

 
$
—

 
$
—

 
$
.01

Diluted
$
—

 
$
.01

 
$
—

 
$
—

 
$
.01

Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.51

 
$
.55

 
$
.68

 
$
.57

 
$
2.31

Diluted
$
.50

 
$
.54

 
$
.67

 
$
.57

 
$
2.28


All below amounts are shown pretax.
1.
Second quarter 2016 Earnings from continuing operations include a gain of $7 associated with litigation accruals (Note S); $11 gain associated with the sale of a business; and a $4 charge from CVP impairment (Note C)
2.
Fourth quarter 2016 Earnings from continuing operations include $16 associated with the gain on sale of a business
3.
First quarter 2015 Earnings from continuing operations include impairment charges of $6 from our steel tubing operation. (Note C)
4.
Second quarter 2015 Earnings from continuing operations include charges of $2 associated with litigation accruals. Discontinued operations includes $1 in litigation accruals (Note S)
5.
Fourth quarter 2015 Earnings from continuing operations include a $12 charge associated with a lump sum pension buyout and $4 in charges associated with litigation accruals (Note L and Note S)