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Quarterly Summary Of Earnings
12 Months Ended
Dec. 31, 2017
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 
 
Second 3
 
Third 1
 
Fourth 2,4
 
Total
2017
 
 
 
 
 
 
 
 
 
Net sales
$
960.3

 
$
989.3

 
$
1,009.7

 
$
984.5

 
$
3,943.8

Gross profit
226.0

 
230.1

 
215.8

 
196.0

 
867.9

Earnings from continuing operations before income taxes
107.3

 
113.4

 
100.7

 
110.6

 
432.0

Earnings from continuing operations
$
86.1

 
$
87.6

 
$
83.5

 
$
36.4

 
$
293.6

Earnings (loss) from discontinued operations, net of tax

 

 
(.9
)
 

 
(.9
)
Net earnings
86.1

 
87.6

 
82.6

 
36.4

 
292.7

(Earnings) attributable to noncontrolling interest, net of tax

 

 

 
(.1
)
 
(.1
)
Net earnings attributable to Leggett & Platt, Inc. common shareholders
$
86.1

 
$
87.6

 
$
82.6

 
$
36.3

 
$
292.6

Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
 
 
 
 
 
 
 
 
 
Basic
$
.63

 
$
.64

 
$
.62

 
$
.27

 
$
2.16

Diluted
$
.62

 
$
.64

 
$
.61

 
$
.27

 
$
2.14

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
$
.63

 
$
.64

 
$
.61

 
$
.27

 
$
2.15

Diluted
$
.62

 
$
.64

 
$
.60

 
$
.27

 
$
2.13

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


All below amounts are shown pretax with the exception of fourth quarter 2017 tax reform item discussed below.
1.
Third quarter 2017 Earnings from continuing operations include a charge of $5 associated with a small Wire Products business impairment (Note C); $3 charge associated with the sale of a business
2.
Fourth quarter 2017 Earnings from continuing operations include a gain of $23 associated with the sale of real estate; $15 pension settlement charge; $50 charge associated with the Tax Cuts and Jobs Act (TCJA)
3.
Second quarter 2016 Earnings from continuing operations include a gain of $7 associated with litigation accruals; $11 gain associated with the sale of a business; and a $4 charge from CVP impairment (Note C); Discontinued operations earnings primarily consists of a gain associated with litigation accruals
4.
Fourth quarter 2016 Earnings from continuing operations include $16 associated with the gain on sale of a business