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

9 Months Ended

Sep. 30, 2020

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


	Three Months Ended September 30, 2020
	Total Equity		Retained Earnings		Common Stock & Additional Contributed Capital		Treasury Stock		Noncontrolling Interest		Accumulated Other Comprehensive Income (Loss)
Beginning balance, July 1, 2020	$	1,214.6	$	2,663.1	$	539.8	$	(1,871.5)	$	.4	$	(117.2)


Net earnings attributable to Leggett & Platt, Inc. common shareholders	104.9		104.8		—		—		.1		—

Dividends declared (See Note 6)	(53.0)		(54.4)		1.4		—		—		—

Treasury stock purchased	(1.9)		—		—		(1.9)		—		—
Treasury stock issued	1.7		—		(4.1)		5.8		—		—
Foreign currency translation adjustments	26.0		—		—		—		—		26.0
Cash flow hedges, net of tax	3.4		—		—		—		—		3.4
Defined benefit pension plans, net of tax	.4		—		—		—		—		.4
Stock-based compensation transactions, net of tax	3.9		—		3.9		—		—		—

Ending balance, September 30, 2020	$	1,300.0	$	2,713.5	$	541.0	$	(1,867.6)	$	.5	$	(87.4)


	Three Months Ended September 30, 2019
	Total Equity		Retained Earnings		Common Stock & Additional Contributed Capital		Treasury Stock		Noncontrolling Interest		Accumulated Other Comprehensive Income (Loss)
Beginning balance, July 1, 2019	$	1,238.8	$	2,656.2	$	532.1	$	(1,887.9)	$	.6	$	(62.2)


Net earnings attributable to Leggett & Platt, Inc. common shareholders	99.6		99.6		—		—		—		—

Dividends declared (See Note 6)	(52.6)		(54.0)		1.4		—		—		—
Dividends paid to noncontrolling interest	(.2)		—		—		—		(.2)		—
Treasury stock purchased	(7.4)		—		—		(7.4)		—		—
Treasury stock issued	6.6		—		(4.5)		11.1		—		—
Foreign currency translation adjustments	(32.9)		—		—		—		—		(32.9)
Cash flow hedges, net of tax	(1.2)		—		—		—		—		(1.2)
Defined benefit pension plans, net of tax	.5		—		—		—		—		.5
Stock-based compensation transactions, net of tax	4.4		—		4.4		—		—		—

Ending balance, September 30, 2019	$	1,255.6	$	2,701.8	$	533.4	$	(1,884.2)	$	.4	$	(95.8)


	Nine Months Ended September 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	144.5		144.4		—		—		.1		—

Dividends declared (See Note 6)	(158.8)		(162.9)		4.1		—		—		—

Treasury stock purchased	(10.5)		—		—		(10.5)		—		—
Treasury stock issued	5.6		—		(21.1)		26.7		—		—
Foreign currency translation adjustments	(13.7)		—		—		—		(.1)		(13.6)
Cash flow hedges, net of tax	.8		—		—		—		—		.8
Defined benefit pension plans, net of tax	2.2		—		—		—		—		2.2
Stock-based compensation transactions, net of tax	19.9		—		19.9		—		—		—

Ending balance, September 30, 2020	$	1,300.0	$	2,713.5	$	541.0	$	(1,867.6)	$	.5	$	(87.4)


	Nine Months Ended September 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	247.0		247.0		—		—		—		—

Dividends declared (See Note 6)	(155.0)		(159.1)		4.1		—		—		—
Dividends paid to noncontrolling interest	(.2)		—		—		—		(.2)		—
Treasury stock purchased	(19.9)		—		—		(19.9)		—		—
Treasury stock issued	23.5		—		(20.5)		44.0		—		—
Foreign currency translation adjustments	(23.1)		—		—		—		—		(23.1)
Cash flow hedges, net of tax	3.4		—		—		—		—		3.4
Defined benefit pension plans, net of tax	1.5		—		—		—		—		1.5
Stock-based compensation transactions, net of tax	20.7		—		20.7		—		—		—

Ending balance, September 30, 2019	$	1,255.6	$	2,701.8	$	533.4	$	(1,884.2)	$	.4	$	(95.8)

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 September 30,
			Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance, July 1, 2020			$	(61.1)	$	(6.7)	$	(49.4)	$	(117.2)
Other comprehensive income (loss)			26.0		3.4		(.3)		29.1
Reclassifications, pretax 1			—		.7		.9		1.6
Income tax effect			—		(.7)		(.2)		(.9)

Balance, September 30, 2020			$	(35.1)	$	(3.3)	$	(49.0)	$	(87.4)

Balance, July 1, 2019			$	(16.7)	$	(7.2)	$	(38.3)	$	(62.2)
Other comprehensive income (loss)			(32.9)		(3.2)		.1		(36.0)
Reclassifications, pretax 2			—		1.9		.6		2.5
Income tax effect			—		.1		(.2)		(.1)

Balance, September 30, 2019			$	(49.6)	$	(8.4)	$	(37.8)	$	(95.8)

	1	2020 pretax reclassifications are comprised of:
		Net trade sales	$	—	$	(.3)	$	—	$	(.3)
		Cost of goods sold; selling and administrative expenses	—		(.2)		—		(.2)
		Interest expense	—		1.2		—		1.2
		Other income (expense), net	—		—		.9		.9

		Total reclassifications, pretax	$	—	$	.7	$	.9	$	1.6

	2	2019 pretax reclassifications are comprised of:
		Net trade sales	$	—	$	.9	$	—	$	.9
		Cost of goods sold; selling and administrative expenses	—		(.1)		—		(.1)
		Interest expense	—		1.1		—		1.1
		Other income (expense), net	—		—		.6		.6
		Total reclassifications, pretax	$	—	$	1.9	$	.6	$	2.5


			Nine Months Ended September 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)			(13.7)		(.2)		(.1)		(14.0)
Reclassifications, pretax 1			—		1.6		3.0		4.6
Income tax effect			—		(.6)		(.7)		(1.3)
Attributable to noncontrolling interest			.1		—		—		.1
Balance, September 30, 2020			$	(35.1)	$	(3.3)	$	(49.0)	$	(87.4)

Balance, January 1, 2019			$	(26.5)	$	(11.8)	$	(39.3)	$	(77.6)
Other comprehensive income (loss)			(23.1)		(1.4)		(.2)		(24.7)
Reclassifications, pretax 2			—		6.1		2.2		8.3
Income tax effect			—		(1.3)		(.5)		(1.8)

Balance, September 30, 2019			$	(49.6)	$	(8.4)	$	(37.8)	$	(95.8)

	1	2020 pretax reclassifications are comprised of:
		Net sales	$	—	$	(1.1)	$	—	$	(1.1)
		Cost of goods sold; selling and administrative expenses	—		(.7)		—		(.7)
		Interest expense	—		3.4		—		3.4
		Other income (expense), net	—		—		3.0		3.0

		Total reclassifications, pretax	$	—	$	1.6	$	3.0	$	4.6

	2	2019 pretax reclassifications are comprised of:
		Net sales	$	—	$	3.3	$	—	$	3.3
		Cost of goods sold; selling and administrative expenses	—		(.5)		—		(.5)
		Interest expense	—		3.3		—		3.3
		Other income (expense), net	—		—		2.2		2.2
		Total reclassifications, pretax	$	—	$	6.1	$	2.2	$	8.3