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STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
Components of Stock-Based and Stock-Related Compensation
The following table recaps the impact of stock-based compensation on the results of operations for each of the periods presented:
 
 Nine Months Ended 
 September 30, 2021		Nine Months Ended 
 September 30, 2020
To be settled with stockTo be settled in cashTo be settled with stockTo be settled in cash
Stock-based retirement plans contributions $3.4 $.6 $1.9 $.5 
Discounts on various stock awards:
Deferred Stock Compensation Program1.4 — 1.6 — 
Stock-based retirement plans1.1 — .9 — 
Discount Stock Plan.7 — .7 — 
Performance Stock Unit (PSU) awards: 1
     PSU - TSR based 1A
2.3 .6 2.4 (.5)
     PSU - EBIT CAGR based 1B
4.7 5.0 (1.8)(1.9)
Restricted Stock Unit (RSU) awards7.2 — 6.1 — 
Other, primarily non-employee directors restricted stock.3 — .9 .1 
Total stock-related compensation expense (income)21.1 $6.2 12.7 $(1.8)
Employee contributions for above stock plans7.3 7.9 
Total stock-based compensation$28.4 $20.6 
Tax benefits on stock-based compensation expense$5.1 $3.0 
Tax benefits on stock-based compensation payments 3.4 2.2 
Total tax benefits associated with stock-based compensation$8.5 $5.2 

 Three Months EndedThree Months Ended 
September 30, 2021September 30, 2020
To be settled with stockTo be settled in cashTo be settled with stockTo be settled in cash
Stock-based retirement plans contributions$1.0 $.3 $1.9 $.3 
Discounts on various stock awards:
Deferred Stock Compensation Program.6 — .7 — 
Stock-based retirement plans.5 — .5 — 
Discount Stock Plan.2 — .2 — 
Performance Stock Unit (PSU) awards: 1
     PSU - TSR based 1A
.8 (.6).7 1.3 
     PSU - EBIT CAGR based 1B
1.5 .5 .1 .5 
Restricted Stock Unit (RSU) awards .8 — .7 — 
Other, primarily non-employee directors restricted stock.1 — .2 — 
Total stock-related compensation expense5.5 $.2 5.0 $2.1 
Employee contributions for above stock plans2.6 2.7 
Total stock-based compensation$8.1 $7.7 
Tax benefits on stock-based compensation expense$1.3 $1.2 
Tax benefits on stock-based compensation payments .2 .5 
Total tax benefits associated with stock-based compensation$1.5 $1.7 
1 PSU Awards
For the following programs, we intend to pay 50% in shares of our common stock and 50% in cash, although we reserve the right, subject to Compensation Committee approval, to pay up to 100% in cash. Cash settlements are recorded as a liability and adjusted to fair value at each reporting period.

 1A PSU - TSR based
PSU awards are based 50% upon our TSR compared to a peer group. A small number of PSU awards are based 100% upon relative TSR for certain business unit employees to complement their particular mix of incentive compensation. Grant date fair values are calculated using a Monte Carlo simulation of stock and volatility data for Leggett and each of the peer companies. Grant date fair values are amortized using the straight-line method over the three-year vesting period.
The relative TSR vesting condition of the PSU award contains the following conditions:
•A service requirement—Awards generally “cliff” vest three years following the grant date; and
•A market condition—Awards are based on our TSR as compared to the TSR of a group of peer companies. The peer group consists of all the companies in the Industrial, Materials, and Consumer Discretionary sectors of the S&P 500 and S&P Midcap 400 (approximately 300 companies). Participants will earn from 0% to 200% of the base award depending upon how our TSR ranks within the peer group at the end of the three-year performance period.

1B PSU - EBIT CAGR based
PSU awards are based 50% upon our or the applicable profit centers' EBIT CAGR. Grant date fair values are calculated using the grant date stock price discounted for dividends over the vesting period. Expense is adjusted every quarter over the three-year vesting period based on the number of shares expected to vest.
The EBIT CAGR portion of this award contains the following conditions:
•A service requirement—Awards generally “cliff” vest three years following the grant date; and
•A performance condition—Awards are based on achieving specified EBIT CAGR performance targets for our or the applicable profit centers' EBIT during the third year of the performance period compared to the EBIT during the fiscal year immediately preceding the performance period. Participants will earn from 0% to 200% of the base award.
In connection with the decision to move a significant portion of the long-term incentive opportunity from a two-year to a three-year performance period, in February 2018, we also granted participants a one-time transition PSU award, based upon EBIT CAGR over a two-year performance period.
Below is a summary of the number of shares, grant date fair value, and other assumptions related to the PSU awards for the periods presented:
 Nine Months Ended September 30,
20212020
TSR based
Total shares base award.1 .1 
Grant date per share fair value$49.43 $38.23 
Risk-free interest rate.2 %1.4 %
Vesting period in years3.03.0
Expected volatility (over expected life)44.3 %24.0 %
Expected dividend yield (over expected life)3.7 %3.6 %
EBIT CAGR based
Total shares base award .1 .1 
Grant date per share fair value$38.77 $40.52 
Vesting period in years3.03.0
Three-Year Performance Cycle for PSU - TSR Based
Award YearCompletion DateTSR Performance
Relative to the Peer Group (1%=Best)		Payout as a
Percent of the
Base Award		Number of Shares
Distributed		Cash PortionDistribution Date
2017December 31, 201963 rd percentile49.0%.1 million$1.6 First quarter 2020
2018December 31, 202060 th percentile56.0%< .1 million$2.0 First quarter 2021

Performance Cycle for PSU - EBIT CAGR Based
Award YearCompletion DatePayout as a
Percent of the
Base Award		Number of Shares
Distributed		Cash PortionDistribution Date
2018December 31, 2019114.0%.1 million$4.1 First quarter 2020
2018December 31, 202016.0%< .1 million$.4 First quarter 2021
Summary of Shares and Related Grant Date Fair Value
Below is a summary of the number of shares, grant date fair value, and other assumptions related to the PSU awards for the periods presented:
 Nine Months Ended September 30,
20212020
TSR based
Total shares base award.1 .1 
Grant date per share fair value$49.43 $38.23 
Risk-free interest rate.2 %1.4 %
Vesting period in years3.03.0
Expected volatility (over expected life)44.3 %24.0 %
Expected dividend yield (over expected life)3.7 %3.6 %
EBIT CAGR based
Total shares base award .1 .1 
Grant date per share fair value$38.77 $40.52 
Vesting period in years3.03.0
Summary of Performance Cycle
Three-Year Performance Cycle for PSU - TSR Based
Award YearCompletion DateTSR Performance
Relative to the Peer Group (1%=Best)		Payout as a
Percent of the
Base Award		Number of Shares
Distributed		Cash PortionDistribution Date
2017December 31, 201963 rd percentile49.0%.1 million$1.6 First quarter 2020
2018December 31, 202060 th percentile56.0%< .1 million$2.0 First quarter 2021
Performance Cycle for PSU - EBIT CAGR Based
Award YearCompletion DatePayout as a
Percent of the
Base Award		Number of Shares
Distributed		Cash PortionDistribution Date
2018December 31, 2019114.0%.1 million$4.1 First quarter 2020
2018December 31, 202016.0%< .1 million$.4 First quarter 2021