Quarterly Summary of Earnings (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Summary of Earnings

Year ended December 31,       (Amounts in millions, except per share data)	First 2		Second			Third 3, 5		Fourth 4, 6			Total
2019 1
Net sales	$	1,155.1	$	1,213.2		$	1,239.3	$	1,144.9		$	4,752.5
Gross profit	233.0		269.7			275.5		272.4			1,050.6
Earnings from continuing operations before income taxes	78.2		114.1			123.0		114.8			430.1
Earnings from continuing operations	61.1		86.3			99.6		86.9			333.9
Earnings (loss) from discontinued operations, net of tax	—		—			—		—			—
Net earnings	61.1		86.3			99.6		86.9			333.9
Loss (Earnings) attributable to noncontrolling interest, net of tax	.1		(.1		)	—		(.1		)	(.1		)
Net earnings attributable to Leggett & Platt, Inc. common shareholders	$	61.2	$	86.2		$	99.6	$	86.8		$	333.8
Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
Basic	$	.46	$	.64		$	.74	$	.64		$	2.48
Diluted	$	.45	$	.64		$	.74	$	.64		$	2.47
Earnings (loss) per share from discontinued operations attributable to Leggett & Platt, Inc. common shareholders
Basic	$	—	$	—		$	—	$	—		$	—
Diluted	$	—	$	—		$	—	$	—		$	—
Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
Basic	$	.46	$	.64		$	.74	$	.64		$	2.48
Diluted	$	.45	$	.64		$	.74	$	.64		$	2.47
2018
Net sales	$	1,028.8	$	1,102.5		$	1,091.5	$	1,046.7		$	4,269.5
Gross profit	217.4		231.0			227.1		213.2			888.7
Earnings from continuing operations before income taxes	95.4		107.5			113.3		68.2			384.4
Earnings from continuing operations	77.9		85.1			90.0		53.1			306.1
Earnings (loss) from discontinued operations, net of tax	—		—			—		—			—
Net earnings	77.9		85.1			90.0		53.1			306.1
(Earnings) attributable to noncontrolling interest, net of tax	—		(.1		)	—		(.1		)	(.2		)
Net earnings attributable to Leggett & Platt, Inc. common shareholders	$	77.9	$	85.0		$	90.0	$	53.0		$	305.9
Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
Basic	$	.58	$	.63		$	.67	$	.40		$	2.28
Diluted	$	.57	$	.63		$	.67	$	.39		$	2.26
Earnings (loss) per share from discontinued operations attributable to Leggett & Platt, Inc. common shareholders
Basic	$	—	$	—		$	—	$	—		$	—
Diluted	$	—	$	—		$	—	$	—		$	—
Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
Basic	$	.58	$	.63		$	.67	$	.40		$	2.28
Diluted	$	.57	$	.63		$	.67	$	.39		$	2.26

All items below are shown pretax with the exception of the 2017 Tax Cuts and Jobs Act (TCJA) item.

¹  All 2019 quarters are impacted by the January 2019 ECS acquisition (Note S)

²  First quarter 2019 Earnings from continuing operations include a charge of $6 for restructuring (Note F); $1 charge for transaction costs related to the ECS acquisition (Note S)

³  Third quarter 2019 Earnings from continuing operations include a charge of $4 for restructuring (Note F)

⁴  Fourth quarter 2019 Earnings from continuing operations include a charge of $5 for restructuring (Note F)

⁵  Third quarter 2018 Earnings from continuing operations include a $2 benefit associated with the TCJA (Note O)

⁶ 

Fourth quarter 2018 Earnings from continuing operations include a charge of $16 for restructuring (Note F); $16 charge for a customer receivable impairment (Note I); $7 charge for transaction costs related to the ECS acquisition (Note S)