XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 272.4 $ 316.5
Trade receivables, net 635.9 609.0
Other receivables, net 66.8 66.0
Inventories 857.8 907.5
Prepaid expenses and other current assets 72.9 59.0
Total current assets 1,905.8 1,958.0
PROPERTY, PLANT AND EQUIPMENT—AT COST    
Machinery and equipment 1,469.5 1,434.0
Buildings and other 817.2 791.0
Land 44.2 43.5
Total property, plant and equipment 2,330.9 2,268.5
Less accumulated depreciation 1,541.7 1,496.1
Net property, plant and equipment 789.2 772.4
OTHER ASSETS    
Goodwill 1,477.1 1,474.4
Other intangibles, less accumulated amortization of $384.7 and $356.4 as of June 30, 2023 and December 31, 2022, respectively 644.7 675.4
Operating lease right-of-use assets 212.0 195.0
Sundry 115.5 110.9
Total other assets 2,449.3 2,455.7
TOTAL ASSETS 5,144.3 5,186.1
CURRENT LIABILITIES    
Short-term debt and current maturities of long-term debt 8.2 9.4
Current portion of operating lease liabilities 56.3 49.5
Accounts payable 507.4 518.4
Accrued expenses 266.0 261.7
Other current liabilities 117.7 129.1
Total current liabilities 955.6 968.1
LONG-TERM LIABILITIES    
Long-term debt 2,016.4 2,074.2
Operating lease liabilities 167.2 153.6
Other long-term liabilities 122.3 126.1
Deferred income taxes 214.2 222.7
Total long-term liabilities 2,520.1 2,576.6
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock 2.0 2.0
Additional contributed capital 570.2 568.5
Retained earnings 3,031.2 3,046.0
Accumulated other comprehensive loss (68.5) (93.5)
Treasury stock (1,866.9) (1,882.3)
Total Leggett & Platt, Inc. equity 1,668.0 1,640.7
Noncontrolling interest 0.6 0.7
Total equity 1,668.6 1,641.4
TOTAL LIABILITIES AND EQUITY $ 5,144.3 $ 5,186.1