STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2020

Statement of Changes in Equity and Accumulated Other Comprehensive Income


	Three Months Ended June 30, 2020
	Total Equity		Retained Earnings		Common Stock & Additional Contributed Capital		Treasury Stock		Noncontrolling Interest		Accumulated Other Comprehensive Income (Loss)
Beginning balance, April 1, 2020	$	1,238.6	$	2,723.5	$	535.5	$	(1,873.5)	$	.4	$	(147.3)


Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	(6.1)		(6.1)		—		—		—		—

Dividends declared (See Note 6)	(53.0)		(54.3)		1.3		—		—		—

Treasury stock purchased	(.2)		—		—		(.2)		—		—
Treasury stock issued	1.4		—		(.8)		2.2		—		—
Foreign currency translation adjustments	25.8		—		—		—		—		25.8
Cash flow hedges, net of tax	3.7		—		—		—		—		3.7
Defined benefit pension plans, net of tax	.6		—		—		—		—		.6
Stock-based compensation transactions, net of tax	3.8		—		3.8		—		—		—

Ending balance, June 30, 2020	$	1,214.6	$	2,663.1	$	539.8	$	(1,871.5)	$	.4	$	(117.2)


	Three Months Ended June 30, 2019
	Total Equity		Retained Earnings		Common Stock & Additional Contributed Capital		Treasury Stock		Noncontrolling Interest		Accumulated Other Comprehensive Income (Loss)
Beginning balance, April 1, 2019	$	1,195.2	$	2,623.9	$	526.8	$	(1,891.6)	$	.5	$	(64.4)


Net earnings attributable to Leggett & Platt, Inc. common shareholders	86.3		86.2		—		—		.1		—

Dividends declared (See Note 6)	(52.5)		(53.9)		1.4		—		—		—

Treasury stock purchased	(.8)		—		—		(.8)		—		—
Treasury stock issued	3.1		—		(1.4)		4.5		—		—
Foreign currency translation adjustments	1.0		—		—		—		—		1.0
Cash flow hedges, net of tax	.7		—		—		—		—		.7
Defined benefit pension plans, net of tax	.5		—		—		—		—		.5
Stock-based compensation transactions, net of tax	5.3		—		5.3		—		—		—

Ending balance, June 30, 2019	$	1,238.8	$	2,656.2	$	532.1	$	(1,887.9)	$	.6	$	(62.2)


	Six Months Ended June 30, 2020
	Total Equity		Retained Earnings		Common Stock & Additional Contributed Capital		Treasury Stock		Noncontrolling Interest		Accumulated Other Comprehensive Income (Loss)
Beginning balance, January 1, 2020	$	1,312.5	$	2,734.5	$	538.1	$	(1,883.8)	$	.5	$	(76.8)
Effect of accounting change on prior years (Topic 326-See Note 7)	(2.5)		(2.5)		—		—		—		—
Adjusted beginning balance, January 1, 2020	1,310.0		2,732.0		538.1		(1,883.8)		.5		(76.8)
Net earnings attributable to Leggett & Platt, Inc. common shareholders	39.6		39.6		—		—		—		—

Dividends declared (See Note 6)	(105.8)		(108.5)		2.7		—		—		—

Treasury stock purchased	(8.6)		—		—		(8.6)		—		—
Treasury stock issued	3.9		—		(17.0)		20.9		—		—
Foreign currency translation adjustments	(39.7)		—		—		—		(.1)		(39.6)
Cash flow hedges, net of tax	(2.6)		—		—		—		—		(2.6)
Defined benefit pension plans, net of tax	1.8		—		—		—		—		1.8
Stock-based compensation transactions, net of tax	16.0		—		16.0		—		—		—

Ending balance, June 30, 2020	$	1,214.6	$	2,663.1	$	539.8	$	(1,871.5)	$	.4	$	(117.2)


	Six Months Ended June 30, 2019
	Total Equity		Retained Earnings		Common Stock & Additional Contributed Capital		Treasury Stock		Noncontrolling Interest		Accumulated Other Comprehensive Income (Loss)
Beginning balance, January 1, 2019	$	1,157.6	$	2,613.8	$	529.1	$	(1,908.3)	$	.6	$	(77.6)
Effect of accounting change on prior years (Topic 842)	.1		.1		—		—		—		—
Adjusted beginning balance, January 1, 2019	1,157.7		2,613.9		529.1		(1,908.3)		.6		(77.6)
Net earnings attributable to Leggett & Platt, Inc. common shareholders	147.4		147.4		—		—		—		—

Dividends declared (See Note 6)	(102.4)		(105.1)		2.7		—		—		—

Treasury stock purchased	(12.5)		—		—		(12.5)		—		—
Treasury stock issued	16.9		—		(16.0)		32.9		—		—
Foreign currency translation adjustments	9.8		—		—		—		—		9.8
Cash flow hedges, net of tax	4.6		—		—		—		—		4.6
Defined benefit pension plans, net of tax	1.0		—		—		—		—		1.0
Stock-based compensation transactions, net of tax	16.3		—		16.3		—		—		—

Ending balance, June 30, 2019	$	1,238.8	$	2,656.2	$	532.1	$	(1,887.9)	$	.6	$	(62.2)

Changes in Each Component of Accumulated Other Comprehensive Income (Loss)

The following tables set forth the components of and changes in each component of accumulated other comprehensive income (loss) for each of the periods presented:


			Three Months Ended June 30,
			Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance, April 1, 2020					$	(86.9)	$	(10.4)	$	(50.0)	$	(147.3)
Other comprehensive income (loss)					25.8		4.0		(.4)		29.4
Reclassifications, pretax ¹					—		.6		1.1		1.7
Income tax effect					—		(.9)		(.1)		(1.0)

Balance, June 30, 2020					$	(61.1)	$	(6.7)	$	(49.4)	$	(117.2)

Balance, April 1, 2019					$	(17.7)	$	(7.9)	$	(38.8)	$	(64.4)
Other comprehensive income (loss)					1.0		(1.3)		(.1)		(.4)
Reclassifications, pretax ²					—		2.3		.8		3.1
Income tax effect					—		(.3)		(.2)		(.5)

Balance, June 30, 2019					$	(16.7)	$	(7.2)	$	(38.3)	$	(62.2)

	¹	2020 pretax reclassifications are comprised of:
		Net trade sales	$	—	$	(.3)	$	—	$	(.3)
		Cost of goods sold; selling and administrative expenses	—		(.2)		—		(.2)
		Interest expense	—		1.1		—		1.1
		Other income (expense), net	—		—		1.1		1.1

		Total reclassifications, pretax	$	—	$	.6	$	1.1	$	1.7

	²	2019 pretax reclassifications are comprised of:
		Net trade sales	$	—	$	1.4	$	—	$	1.4
		Cost of goods sold; selling and administrative expenses	—		(.2)		—		(.2)
		Interest expense	—		1.1		—		1.1
		Other income (expense), net	—		—		.8		.8
		Total reclassifications, pretax	$	—	$	2.3	$	.8	$	3.1


			Six Months Ended June 30,
			Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2020					$	(21.5)	$	(4.1)	$	(51.2)	$	(76.8)
Other comprehensive income (loss)					(39.7)		(3.6)		.2		(43.1)
Reclassifications, pretax ¹					—		.9		2.1		3.0
Income tax effect					—		.1		(.5)		(.4)
Attributable to noncontrolling interest					.1		—		—		.1
Balance, June 30, 2020					$	(61.1)	$	(6.7)	$	(49.4)	$	(117.2)

Balance, January 1, 2019					$	(26.5)	$	(11.8)	$	(39.3)	$	(77.6)
Other comprehensive income (loss)					9.8		1.8		(.3)		11.3
Reclassifications, pretax ²					—		4.2		1.6		5.8
Income tax effect					—		(1.4)		(.3)		(1.7)

Balance, June 30, 2019					$	(16.7)	$	(7.2)	$	(38.3)	$	(62.2)

	¹	2020 pretax reclassifications are comprised of:
		Net sales	$	—	$	(.8)	$	—	$	(.8)
		Cost of goods sold; selling and administrative expenses	—		(.5)		—		(.5)
		Interest expense	—		2.2		—		2.2
		Other income (expense), net	—		—		2.1		2.1

		Total reclassifications, pretax	$	—	$	.9	$	2.1	$	3.0

	²	2019 pretax reclassifications are comprised of:
		Net sales	$	—	$	2.4	$	—	$	2.4
		Cost of goods sold; selling and administrative expenses	—		(.4)		—		(.4)
		Interest expense	—		2.2		—		2.2
		Other income (expense), net	—		—		1.6		1.6
		Total reclassifications, pretax	$	—	$	4.2	$	1.6	$	5.8