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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2010	Jul. 30, 2010
Statement [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2010
Document Fiscal Year Focus	2010
Document Fiscal Period Focus	Q2
Trading Symbol	LEG
Entity Registrant Name	LEGGETT & PLATT INC
Entity Central Index Key	0000058492
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		146,440,069

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2010	Dec. 31, 2009
CURRENT ASSETS
Cash and cash equivalents	$ 243.5	$ 260.5
Accounts and other receivables, net	537.2	469.5
Inventories
Finished goods	233.9	221.9
Work in process	53.7	44.7
Raw materials and supplies	224.9	201.2
LIFO reserve	(61.0)	(58.7)
Total inventories, net	451.5	409.1
Other current assets	56.1	58.1
Current assets held for sale	18.7	16.4
Total current assets	1,307.0	1,213.6
PROPERTY, PLANT AND EQUIPMENT - AT COST
Machinery and equipment	1,111.0	1,127.7
Buildings and other	597.1	612.8
Land	47.6	49.6
Total property, plant and equipment	1,755.7	1,790.1
Less accumulated depreciation	1,131.1	1,121.5
Net property, plant and equipment	624.6	668.6
OTHER ASSETS
Goodwill	904.2	928.2
Other intangibles, less accumulated amortization of $97.5 and $98.2, respectively	160.4	171.1
Sundry	55.8	52.5
Non-current assets held for sale	27.3	27.2
Total other assets	1,147.7	1,179.0
TOTAL ASSETS	3,079.3	3,061.2
CURRENT LIABILITIES
Current maturities of long-term debt	10.0	10.1
Accounts payable	256.9	199.4
Accrued expenses	224.6	229.7
Other current liabilities	75.1	92.7
Current liabilities held for sale	5.0	3.2
Total current liabilities	571.6	535.1
LONG-TERM LIABILITIES
Long-term debt	854.8	789.3
Other long-term liabilities	117.8	112.3
Deferred income taxes	46.8	49.0
Total long-term liabilities	$ 1,019.4	$ 950.6
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock	$ 2.0	$ 2.0
Additional contributed capital	471.4	467.7
Retained earnings	2,032.3	2,013.3
Accumulated other comprehensive income	42.7	104.8
Treasury stock	(1,083.2)	(1,033.8)
Total Leggett & Platt, Inc. equity	1,465.2	1,554.0
Noncontrolling interest	23.1	21.5
Total equity	1,488.3	1,575.5
TOTAL LIABILITIES AND EQUITY	$ 3,079.3	$ 3,061.2

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2010	Jun. 30, 2009	Jun. 30, 2010	Jun. 30, 2009
Statement [Line Items]
Net sales	$ 874.3	$ 757.4	$ 1,690.7	$ 1,475.5
Cost of goods sold	694.6	610.2	1,345.5	1,203.3
Gross profit	179.7	147.2	345.2	272.2
Selling and administrative expenses	88.8	89.0	181.1	190.9
Amortization of intangibles	4.9	5.5	9.9	9.8
Other (income) expense, net	0.9	11.9	(8.1)	12.8
Earnings from continuing operations before interest and income taxes	85.1	40.8	162.3	58.7
Interest expense	9.2	9.1	18.5	18.5
Interest income	1.2	1.0	2.3	2.5
Earnings from continuing operations before income taxes	77.1	32.7	146.1	42.7
Income taxes	23.5	13.6	45.0	20.3
Earnings from continuing operations	53.6	19.1	101.1	22.4
Earnings (loss) from discontinued operations, net of tax	0.5	0.1	(0.1)	(0.2)
Net earnings	54.1	19.2	101.0	22.2
(Earnings) loss attributable to noncontrolling interest, net of tax	(1.4)	(0.2)	(3.2)	0.1
Net earnings attributable to Leggett & Platt, Inc.	$ 52.7	$ 19.0	$ 97.8	$ 22.3
Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
Basic	$ 0.34	$ 0.12	$ 0.64	$ 0.14
Diluted	0.34	0.12	0.64	0.14
Earnings per share from discontinued operations attributable to Leggett & Platt, Inc. common shareholders
Basic	0.00	0.00	0.00	0.00
Diluted	0.00	0.00	0.00	0.00
Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
Basic	0.35	0.12	0.64	0.14
Diluted	0.34	0.12	0.63	0.14
Cash dividends declared per share	$ 0.26	$ 0.25	$ 0.52	$ 0.50
Average shares outstanding
Basic	151.5	161.5	152.0	161.3
Diluted	153.8	161.8	154.1	161.6

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2010	Jun. 30, 2009
OPERATING ACTIVITIES
Net earnings	$ 101.0	$ 22.2
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation	51.3	55.0
Amortization	9.9	9.8
Provision for losses on accounts and notes receivable	5.3	27.9
Writedown of inventory	5.0	8.6
Asset impairment charges	2.3	0.7
Net gain from sales of assets and businesses	(12.1)	(0.3)
Deferred income tax expense	5.3	3.6
Stock-based compensation	21.7	21.6
Other	(1.5)	(0.6)
Other changes, excluding effects from acquisitions and divestitures:
(Increase) decrease in accounts and other receivables	(82.7)	60.4
(Increase) decrease in inventories	(55.8)	86.1
(Increase) decrease in other current assets	(1.6)	3.1
Increase in accounts payable	62.1	7.5
Increase (decrease) in accrued expenses and other current liabilities	7.7	(17.2)
NET CASH PROVIDED BY OPERATING ACTIVITIES	117.9	288.4
INVESTING ACTIVITIES
Additions to property, plant and equipment	(30.0)	(51.5)
Purchases of companies, net of cash acquired	(0.4)	(0.3)
Proceeds from sales of assets and businesses	10.8	5.8
Other	0.5	2.9
NET CASH USED FOR INVESTING ACTIVITIES	(19.1)	(43.1)
FINANCING ACTIVITIES
Additions to debt	68.0	12.5
Payments on debt	(25.5)	(105.2)
Dividends paid	(77.2)	(78.3)
Issuances of common stock	17.3	1.0
Purchases of common stock	(89.1)	(27.0)
Other	1.2	0.4
NET CASH USED FOR FINANCING ACTIVITIES	(105.3)	(196.6)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(10.5)	8.8
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(17.0)	57.5
CASH AND CASH EQUIVALENTS - January 1,	260.5	164.7
CASH AND CASH EQUIVALENTS - June 30,	$ 243.5	$ 222.2

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

6 Months Ended

Jun. 30, 2010

Statement [Line Items]

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

3.	DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

Exit activities associated with an extensive review of our business portfolio in 2007 (which included the divestiture of some operations, the pruning of some business and the closure of certain underperforming plants) were substantially complete by the end of 2008. However, a small amount of subsequent activity directly related to these divestitures continued into 2009 and 2010. Also see Note 12 on page 15 for discussion of the second quarter 2009 write-down of a promissory note in connection with the 2008 Aluminum Products segment divestiture.

One business (the Coated Fabrics unit previously reported in the Residential Furnishings segment) was sold in the third quarter of 2009.

At June 30, 2010 we had one remaining business held for sale (the Storage Products unit previously reported in Commercial Fixturing and Components). Pre-tax proceeds (fair value less costs to sell) from the sale of Storage Products are expected to recover the carrying value of the assets held for sale as presented in the following tables. Although market conditions have delayed the timing of this disposition we are fully committed to selling and actively marketing this business and expect to complete this disposition by the end of the third quarter. The net assets held for sale may fluctuate due to changes in working capital until this business is divested.

Results from discontinued operations and activity directly related to divestitures subsequent to the date of sale for the six months and quarters ended June 30 were as follows:


	Six Months Ended June 30,						Three Months Ended June 30,
	2010			2009			2010			2009
External sales:
Residential Furnishings - Coated Fabrics Unit	$	0.0		$	10.9		$	0.0		$	4.9
Commercial Fixturing & Components - Storage Products Unit		26.3			27.8			14.1			14.2

External sales	$	26.3		$	38.7		$	14.1		$	19.1


Earnings (loss):
Residential Furnishings - Coated Fabrics Unit	$	0.0		$	(.6	)	$	0.0		$	(.2	)
Commercial Fixturing & Components - Storage Products Unit (1)		(.1	)		1.4			.7			1.3
Subsequent activity related to divestitures completed prior to 2009		(.1	)		(.7	)		0.0			(.3	)

Earnings before interest and income taxes		(.2	)		.1			.7			.8
Income tax expense		.1			(.3	)		(.2	)		(.7	)

Earnings (loss) from discontinued operations, net of tax	$	(.1	)	$	(.2	)	$	.5		$	.1

(1)	In the first quarter of 2010, pre-tax impairment charges of $.9 were recorded for the Storage Products unit to reflect an updated estimate of fair value less costs to sell.

Net assets held for sale by segment were as follows:


	June 30, 2010
	Assets		Liabilities		Net Assets
Residential Furnishings	$	8.7	$	0.0	$	8.7
Commercial Fixturing & Components		25.7		5.0		20.7
Aluminum Products		1.1		0.0		1.1
Industrial Materials		2.1		0.0		2.1
Specialized Products		8.4		0.0		8.4

Net assets held for sale	$	46.0	$	5.0	$	41.0


	December 31, 2009
	Assets		Liabilities		Net Assets
Residential Furnishings	$	9.4	$	0.0	$	9.4
Commercial Fixturing & Components		23.5		3.2		20.3
Aluminum Products		1.1		0.0		1.1
Industrial Materials		2.1		0.0		2.1
Specialized Products		7.5		0.0		7.5

Net assets held for sale	$	43.6	$	3.2	$	40.4

These tables include $23.1 and $22.2 of property, plant and equipment held for sale at June 30, 2010 and December 31, 2009, respectively, primarily associated with the closings of various operations and prior year restructurings. These amounts also include land and buildings retained when we divested the Aluminum Products segment.

The major classes of assets and liabilities held for sale included in our Consolidated Condensed Balance Sheets were as follows:


	June 30, 2010		December 31, 2009
Receivables, net	$	6.1	$	4.8
Inventories, net		12.4		11.4
Prepaid expenses and other current assets		.2		.2

Total current assets held for sale		18.7		16.4

Property, plant and equipment, net		27.2		27.2
Intangibles, net		.1		0.0

Total non-current assets held for sale		27.3		27.2

Total assets held for sale	$	46.0	$	43.6

Accounts payable	$	3.7	$	2.3
Accrued expenses		1.3		.9

Total current liabilities held for sale		5.0		3.2

Total liabilities held for sale	$	5.0	$	3.2

Net assets held for sale	$	41.0	$	40.4

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2010

Statement [Line Items]

EARNINGS PER SHARE

4.	EARNINGS PER SHARE

Basic and diluted earnings per share were calculated as follows:


	Six Months Ended June 30,						Three Months Ended June 30,
	2010			2009			2010			2009
Earnings from continuing operations	$	101.1		$	22.4		$	53.6		$	19.1
(Earnings) loss attributable to noncontrolling interest, net of tax		(3.2	)		.1			(1.4	)		(.2	)

Net earnings from continuing operations attributable to Leggett & Platt, Inc. common shareholders.	$	97.9		$	22.5		$	52.2		$	18.9
Earnings (loss) from discontinued operations, net of tax		(.1	)		(.2	)		.5			.1

Net earnings attributable to Leggett & Platt, Inc. common shareholders	$	97.8		$	22.3		$	52.7		$	19.0


Weighted average number of common shares used in basic EPS		152.0			161.3			151.5			161.5
Additional dilutive shares principally from the assumed exercise of outstanding stock options		2.1			.3			2.3			.3

Weighted average number of common shares and dilutive potential common shares used in diluted EPS		154.1			161.6			153.8			161.8

Basic EPS attributable to Leggett & Platt, Inc. common shareholders
Continuing operations	$	.64		$	.14		$	.34		$	.12
Discontinued operations		.00			.00			.00			.00

Basic EPS attributable to Leggett & Platt, Inc. common shareholders	$	.64		$	.14		$	.35		$	.12

Diluted EPS attributable to Leggett & Platt, Inc. common shareholders
Continuing operations	$	.64		$	.14		$	.34		$	.12
Discontinued operations		.00			.00			.00			.00

Diluted EPS attributable to Leggett & Platt, Inc. common shareholders	$	.63		$	.14		$	.34		$	.12

Shares issuable under employee and non-employee stock options		12.6			13.6			12.6			13.6
Anti-dilutive shares excluded from diluted EPS computation		3.0			12.8			1.5			12.3

STOCK-BASED COMPENSATION

6 Months Ended

Jun. 30, 2010

Statement [Line Items]

STOCK-BASED COMPENSATION

6.	STOCK-BASED COMPENSATION

The following table recaps the components of stock-based compensation (including discontinued operations) for each period presented:


	Six Months Ended June 30,				Three Months Ended June 30,
	2010		2009		2010		2009
Amortization of the grant date fair value of stock options (1)	$	3.5	$	3.9	$	.9	$	1.4
Performance Stock Unit awards (2)		4.3		2.7		2.2		1.3
Stock-based retirement plans, discounts on various stock programs and other		7.4		7.4		2.5		3.6
Stock-based compensation elected by employees in lieu of cash compensation		6.5		7.6		2.8		4.2

	$	21.7	$	21.6	$	8.4	$	10.5

(1)	Stock Option Grants

We grant stock options annually on a discretionary basis to a broad group of employees. The following table summarizes the number of options granted, the weighted-average per share fair value and related assumptions during the periods presented. Fair values were calculated using the Black-Scholes option pricing model. Beginning with the January 2010 grant, we gave employees the choice to receive a cash payment in lieu of options. The value of the cash alternative was equal to approximately one-half of the Black-Scholes value of the option grant the employee would have otherwise received.


	Six Months Ended June 30,						Three Months Ended June 30,
	2010			2009			2010			2009
Options granted (in millions)		1.3			1.9			0.0			0.0
Weighted-average per share fair value	$	4.08		$	2.22		$	3.84		$	1.93
Risk-free interest rate		3.1	%		1.9	%		2.1	%		1.2	%
Expected life in years		6.9			6.7			6.0			4.9
Expected volatility (over expected life)		33.2	%		31.4	%		33.9	%		30.8	%
Expected dividend yield (over expected life)		5.2	%		6.4	%		5.2	%		6.6	%

(2)	Performance Stock Unit Awards

We also grant Performance Stock Unit (PSU) awards in the first quarter of each year to selected officers and other key managers. The PSU awards vest at the end of a 3-year performance period based on our Total Shareholder Return [TSR = (Change in Stock Price + Dividends)/Beginning Stock Price] relative to a peer group. The peer group consists of all the companies in the Industrial, Materials and Consumer Discretionary sectors of the S&P 900 (approximately 330 companies).

Grant date fair values are calculated using a Monte Carlo simulation of stock and volatility data for Leggett and each of the comparator companies and are based upon assumptions similar to those used for stock options. These grants include service and market conditions, and participants will earn from 0% to 175% of the base award. Thirty-five percent (35%) of the vested 2010 Award will be paid out in cash and we intend to pay out the remaining sixty-five percent (65%) in shares of our common stock, although we reserve the right to pay up to one hundred percent (100%) in cash.

Below is a summary of the number of shares and related grant date fair value for the periods presented:


	Six Months Ended June 30,
	2010		2009
Total shares base award (in millions)		.3		.6
Grant date per share fair value	$	21.96	$	15.76

SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2010

Statement [Line Items]

SEGMENT INFORMATION

9.	SEGMENT INFORMATION

We have four operating segments that are generally focused on broad end-user markets for our diversified products. Residential Furnishings derives its revenues from components for bedding, furniture and other furnishings, as well as related consumer products. Commercial Fixturing & Components derives its revenues from retail store fixtures, displays and components for office and institutional furnishings. Industrial Materials derives its revenues from drawn steel wire, specialty wire products and welded steel tubing sold to trade customers as well as other Leggett segments. Specialized Products derives its revenues from automotive seating components, specialized machinery and equipment, and commercial vehicle interiors.

Our reportable segments are the same as our operating segments, which also correspond with our management organizational structure. Each reportable segment has a senior operating vice-president that reports to the chief operating decision maker. The operating results and financial information reported through the segment structure are regularly reviewed and used by the chief operating decision maker to evaluate segment performance, allocate overall resources and determine management incentive compensation.

Separately, we also utilize a role-based approach (Grow, Core, Fix or Divest) as a supplemental management tool to ensure capital (which is a subset of the overall resources referred to above) is efficiently allocated within the reportable segment structure.

The accounting principles used in the preparation of the segment information are the same as those used for the consolidated financial statements, except that the segment assets and income reflect the FIFO basis of accounting for inventory. Certain inventories are accounted for using the LIFO basis in the consolidated financial statements. We evaluate performance based on earnings from operations before interest and income taxes (EBIT). Intersegment sales are made primarily at prices that approximate market-based selling prices. Centrally incurred costs are allocated to the segments based on estimates of services used by the segment. Certain of our general and administrative costs and miscellaneous corporate income and expenses are allocated to the segments based on sales and EBIT. These allocated corporate costs include depreciation and other costs and income related to assets that are not allocated or otherwise included in the segment assets.

A summary of segment results from continuing operations are shown in the following tables.


	External Sales		Inter- Segment Sales		Total Sales		EBIT
Six Months ended June 30, 2010:
Residential Furnishings	$	887.7	$	4.1	$	891.8	$	94.0
Commercial Fixturing & Components		281.4		2.1		283.5		16.6
Industrial Materials		247.6		124.2		371.8		30.2
Specialized Products		274.0		18.4		292.4		27.2
Intersegment eliminations								(1.4	)
Change in LIFO reserve								(4.3	)

	$	1,690.7	$	148.8	$	1,839.5	$	162.3


Six Months ended June 30, 2009:
Residential Furnishings	$	829.9	$	4.4	$	834.3	$	17.0
Commercial Fixturing & Components		245.0		1.9		246.9		(1.6	)
Industrial Materials		207.2		110.2		317.4		26.8
Specialized Products		193.4		30.9		224.3		(6.8	)
Write-down of divestiture note (as discussed in Note 12)								(10.6	)
Intersegment eliminations								(2.1	)
Change in LIFO reserve								36.0

	$	1,475.5	$	147.4	$	1,622.9	$	58.7


Three months ended June 30, 2010:
Residential Furnishings	$	455.4	$	2.0	$	457.4	$	44.9
Commercial Fixturing & Components		140.7		1.1		141.8		8.7
Industrial Materials		132.3		62.4		194.7		16.8
Specialized Products		145.9		10.1		156.0		18.8
Intersegment eliminations								(1.9	)
Change in LIFO reserve								(2.2	)

	$	874.3	$	75.6	$	949.9	$	85.1


Three months ended June 30, 2009:
Residential Furnishings	$	418.3	$	2.0	$	420.3	$	24.1
Commercial Fixturing & Components		130.6		.8		131.4		1.7
Industrial Materials		102.9		49.6		152.5		13.8
Specialized Products		105.6		14.3		119.9		1.7
Write-down of divestiture note (as discussed in Note 12)								(10.6	)
Intersegment eliminations								(8.9	)
Change in LIFO reserve								19.0

	$	757.4	$	66.7	$	824.1	$	40.8

Average assets for our segments at June 30, 2010 and December 31, 2009 are shown in the table below and reflect the basis for return measures used by management to evaluate segment performance. These segment totals include working capital (all current assets and current liabilities) plus net property, plant and equipment. Segment assets for all years are reflected at their estimated average for the periods presented.


	June 30, 2010		December 31, 2009
Residential Furnishings	$	653.4	$	692.1
Commercial Fixturing & Components		186.1		213.5
Industrial Materials		208.2		237.2
Specialized Products		205.6		213.0
Average current liabilities included in segment numbers above		381.3		339.9
Assets held for sale		46.0		43.6
Unallocated assets (1)		1,378.7		1,436.1
Difference between average assets and period-end balance sheet		20.0		(114.2	)

Total Assets	$	3,079.3	$	3,061.2

(1)	Primarily goodwill, other intangibles, cash and long-term notes receivable.

CONTINGENCIES

6 Months Ended

Jun. 30, 2010

Statement [Line Items]

CONTINGENCIES

10.	CONTINGENCIES

We are involved in various legal proceedings including matters which involve claims against us under employment, intellectual property, environmental, taxation and other laws. When it appears probable in management’s judgment that we will incur monetary damages or other costs in connection with claims and proceedings, and the costs can be reasonably estimated, appropriate liabilities are recorded in the financial statements and charges are made against earnings. No claim or proceeding has resulted in a material charge against earnings, nor are the total liabilities recorded material to our financial position for any of the periods presented. While the results of any ultimate resolution cannot be predicted with certainty, management believes the possibility of a material adverse effect on our consolidated financial position, results of operations, cash flows and liquidity from claims and proceedings is remote.

On July 22, 2004, we were named as one of approximately 80 defendants in several cases consolidated as Gray v. Derderian, Case No. 1:04-CV-312-L, U.S.D.C. R.I. This litigation resulted from a nightclub fire in West Warwick, Rhode Island involving multiple deaths and injuries. There are in excess of 550 plaintiffs in the litigation. Along with other foam manufacturing defendants, we were alleged to have manufactured and sold bulk polyurethane foam to a foam fabricator in Rhode Island, who in turn, was alleged to have fabricated and sold foam sheets to the nightclub. The foam was among other materials alleged to have caught fire when pyrotechnics were ignited inside the nightclub.

We believe we did not manufacture the foam subject to the lawsuit and that we have valid defenses to the claims. Nevertheless, with our consent, our primary insurance carrier reached a tentative settlement with counsel for all plaintiffs on April 29, 2008 and we executed the final settlement agreement on October 6, 2009. The settlement agreement has been approved by the court and plaintiffs. Pursuant to the settlement agreement, in early August, 2010 we paid a $2 self-insured retention and the remainder of the $18.2 settlement was paid by our insurance carrier. The settlement did not have a material effect on our financial condition, operating cash flows or results of operations. We recorded $2 of expense in 2008 and, as of June 30, 2010, we had a $16.2 receivable from the insurance carrier and an $18.2 liability related to this matter, included in current assets and current liabilities, respectively, in the Consolidated Condensed Balance Sheets.

On January 18, 2008, National Products, Inc. (NPI) sued Gamber-Johnson, LLC, a wholly-owned subsidiary of the Company (Gamber), in Case #C08-0049C-JLR, in the United States District Court, Western District of Washington, alleging that portions of a marketing video contained false and misleading statements violating the Lanham Act. NPI sought (i) injunctive relief requiring Gamber to cease use of the video and notify customers; (ii) damages for its alleged lost profits; and (iii) disgorgement of Gamber’s profits in an unspecified amount. NPI and Gamber compete in the market for vehicle computer mounting systems. Although portions of the claims were dismissed by the Court before trial, a jury on April 12, 2010 found that a few statements in the video were false and deliberate and awarded $10 in damages against Gamber. The Court has not yet ruled on Gamber’s motion for judgment as a matter of law which was filed during trial before the jury verdict. The Court also has the power to enhance or reduce the jury award, grant injunctive relief, and award attorney fees. A portion (not exceeding $1) of the award may be covered by insurance, but that coverage is subject to the insurance company’s reservation of rights.

We believe that Gamber has valid bases upon which the trial or appellate courts could either overturn the jury verdict or substantially reduce the damage award, and Gamber intends to vigorously pursue such bases. Although it is possible for the Company to incur a material amount of damages in this litigation, we do not believe that it is probable. As such, we established an accrual in the first quarter of 2010 for this litigation in an amount management believes is probable and is significantly less than the jury verdict. However, legal matters are subject to inherent uncertainties and it is possible that the ultimate resolution of this matter could have a material adverse impact on our financial position and results of operations.

STATEMENT OF CHANGES IN EQUITY

6 Months Ended

Jun. 30, 2010

Statement [Line Items]

STATEMENT OF CHANGES IN EQUITY

11.	STATEMENT OF CHANGES IN EQUITY


	Three Months Ended June 30, 2010			Six Months Ended June 30, 2010
	Comprehensive Income Attributable to Leggett & Platt, Inc.			Comprehensive Income Attributable to Leggett & Platt, Inc.			Total Equity			Retained Earnings			Common Stock & Additional Contributed Capital			Treasury Stock			Noncontrolling Interest			Accumulated Other Comprehensive Income
Beginning balance, January 1, 2010	$	0.0		$	0.0		$	1,575.5		$	2,013.3		$	469.7		$	(1,033.8	)	$	21.5		$	104.8
Net earnings		54.1			101.0			101.0			101.0			0.0			0.0			0.0			0.0
(Earnings) loss attributable to noncontrolling interest, net of tax		(1.4	)		(3.2	)		0.0			(3.2	)		0.0			0.0			3.2			0.0
Dividends declared		0.0			0.0			(76.7	)		(78.8	)		2.1			0.0			0.0			0.0
Dividends paid to noncontrolling interest		0.0			0.0			(1.7	)		0.0			0.0			0.0			(1.7	)		0.0
Treasury stock purchased		0.0			0.0			(91.1	)		0.0			0.0			(91.1	)		0.0			0.0
Treasury stock issued		0.0			0.0			33.1			0.0			(8.6	)		41.7			0.0			0.0
Foreign currency translation adjustments (1)		(35.6	)		(59.1	)		(59.1	)		0.0			0.0			0.0			0.0			(59.1	)
Cash flow hedges, net of tax (2)		(3.6	)		(4.0	)		(4.0	)		0.0			0.0			0.0			0.0			(4.0	)
Other		0.0			0.0			0.1			0.0			0.0			0.0			0.1			0.0
Defined benefit pension plans, net of tax (3)		.5			1.0			1.0			0.0			0.0			0.0			0.0			1.0
Stock options and benefit plan transactions, net of tax		0.0			0.0			10.2			0.0			10.2			0.0			0.0			0.0

Ending balance, June 30, 2010	$	14.0		$	35.7		$	1,488.3		$	2,032.3		$	473.4		$	(1,083.2	)	$	23.1		$	42.7


	Three Months Ended June 30, 2009			Six Months Ended June 30, 2009
	Comprehensive Income Attributable to Leggett & Platt, Inc.			Comprehensive Income Attributable to Leggett & Platt, Inc.			Total Equity			Retained Earnings			Common Stock & Additional Contributed Capital			Treasury Stock			Noncontrolling Interest			Accumulated Other Comprehensive Income
Beginning balance, January 1, 2009	$	0.0		$	0.0		$	1,670.9		$	2,062.1		$	498.1		$	(918.6	)	$	17.9		$	11.4
Net earnings		19.2			22.2			22.2			22.2			0.0			0.0			0.0			0.0
(Earnings) loss attributable to noncontrolling interest, net of tax		(.2	)		.1			0.0			.1			0.0			0.0			(.1	)		0.0
Dividends declared		0.0			0.0			(78.3	)		(80.1	)		1.8			0.0			0.0			0.0
Dividends paid to noncontrolling interest		0.0			0.0			(.5	)		0.0			0.0			0.0			(.5	)		0.0
Treasury stock purchased		0.0			0.0			(29.2	)		0.0			0.0			(29.2	)		0.0			0.0
Treasury stock issued		0.0			0.0			27.5			0.0			(28.5	)		56.0			0.0			0.0
Foreign currency translation adjustments (1)		64.7			50.7			51.3			0.0			0.0			0.0			.6			50.7
Cash flow hedges, net of tax (2)		.8			(.7	)		(.7	)		0.0			0.0			0.0			0.0			(.7	)
Other		0.0			0.0			1.5			0.0			0.0			0.0			1.5			0.0
Defined benefit pension plans, net of tax (3)		.1			.9			.9			0.0			0.0			0.0			0.0			.9
Stock options and benefit plan transactions, net of tax		0.0			0.0			.1			0.0			.1			0.0			0.0			0.0

Ending balance, June 30, 2009	$	84.6		$	73.2		$	1,665.7		$	2,004.3		$	471.5		$	(891.8	)	$	19.4		$	62.3

(1)	There was no income tax effect on foreign currency translation activity affecting accumulated other comprehensive income (loss) in either the six month or three month periods ending June 30, 2010 or June 30, 2009.

(2)

Cash flow hedge activity is shown net of income tax benefit of $2.4 for the six month period ending June 30, 2010 and net of income tax expense of $(.2) for the six month period ending June 30, 2009, respectively. Cash flow hedge activity is shown net of income tax benefit of $2.2 for the three months ended June 30, 2010 and net of income tax expense of $(.7), respectively for the three months ended June 30, 2009.

(3)

Defined benefit pension plan activity is shown net of income tax expense of $.6 for both the six month periods ending June 30, 2010 and June 30, 2009, respectively. For the three months ended June 30, 2010 and 2009, defined benefit pension plan activity is shown net of income tax expense of $.3 and $.2, respectively.

FAIR VALUE

6 Months Ended

Jun. 30, 2010

Statement [Line Items]

FAIR VALUE

12.	FAIR VALUE

Fair value measurements are established using a three level valuation hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into the following categories:

•

Level 1: Quoted prices for identical assets or liabilities in active markets.

•

Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Short-term investments in this category are valued using discounted cash flow techniques with all significant inputs derived from or corroborated by observable market data. Derivative assets and liabilities in this category are valued using models that consider various assumptions and information from market-corroborated sources. The models used are primarily industry-standard models that consider items such as quoted prices, market interest rate curves applicable to the instruments being valued as of the end of each period, discounted cash flows, volatility factors, current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace.

•

Level 3: Unobservable inputs that are not corroborated by market data.

The following tables present assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2010 and December 31, 2009:


	Level 1		Level 2		Level 3		Total
As of June 30, 2010:
Assets:
Cash equivalents:
Money market funds	$	173.4	$	0.0	$	0.0	$	173.4
Bank time deposits		0.0		23.0		0.0		23.0
Derivative assets		0.0		4.1		0.0		4.1

Total assets	$	173.4	$	27.1	$	0.0	$	200.5

Liabilities:
Derivative liabilities	$	.8	$	6.7	$	0.0	$	7.5

Total liabilities	$	.8	$	6.7	$	0.0	$	7.5


As of December 31, 2009:
Assets:
Cash equivalents:
Money market funds	$	186.4	$	0.0	$	0.0	$	186.4
Bank time deposits		0.0		5.2		0.0		5.2
Derivative assets		0.0		.6		0.0		.6

Total assets	$	186.4	$	5.8	$	0.0	$	192.2

Liabilities:
Derivative liabilities	$	.6	$	.3	$	0.0	$	.9

Total liabilities	$	.6	$	.3	$	0.0	$	.9

The primary areas in which we use fair value measurements of non-financial assets and liabilities are allocating purchase price to the assets and liabilities of acquired companies and evaluating long-term assets for potential impairment.

Goodwill

We perform an annual review for potential goodwill impairment in June of each year and as triggering events occur. The goodwill impairment reviews performed in June 2009 and 2010 indicated no goodwill impairments.

The ten reporting units for goodwill purposes are one level below the operating segments, and are the same as the business groups disclosed in Item 1. Business in Form 10-K. Fair market values of the reporting units are estimated using a discounted cash flow model and comparable market values for similar entities using price to earnings ratios. Key assumptions and estimates used in the cash flow model include discount rate, internal sales growth, margins, capital expenditure requirements, and working capital requirements. Recent performance of the reporting unit is an important factor, but not the only factor, in the assessment.

Reporting units’ fair values in relation to their respective carrying values and significant assumptions used in the June 2010 review are presented in the table below. If actual results differ from estimates used in these calculations, we could incur future impairment charges.


Percentage of fair value in excess of carrying value	June 30, 2010 goodwill value		10-year compound annual growth rate range	Terminal values long- term growth rate		Discount rate ranges
15-25%	$	187.0	5.3% - 7.5%	3	%	11.0% - 13.0%
25%+		717.2	2.3% - 8.3%	3	%	8.0% - 11.0%

	$	904.2	2.3% - 8.3%	3	%	8.0% - 13.0%

Fixed Assets

We test long-lived assets for recoverability at year-end and whenever events or changes in circumstances indicate the carrying value may not be recoverable. The table below summarizes fixed asset impairments for the periods presented.


	Six Months Ended June 30,				Three Months Ended June 30,
	2010		2009		2010		2009
Continuing operations	$	1.4	$	.7	$	0.0	$	.3
Discontinued operations		.9		0.0		0.0		0.0

Total asset impairments	$	2.3	$	.7	$	0.0	$	.3

Fair value and the resulting impairment charges were based primarily upon offers from potential buyers or third party estimates of fair value less selling costs.

Other Long-Term Assets

In the third quarter of 2008 the Aluminum Products segment was sold for $300 in cash, a $25 subordinated promissory note (fair value of $14.1), and shares of preferred stock (no book value, with face value not to exceed $25, dependent upon future performance of the divested business).

Late in the second quarter of 2009, we learned that this business needed a capital infusion due to deterioration in business conditions and determined that the collectability of the promissory note was not reasonably assured. We recorded a $10.6 non-cash reduction in the value of the promissory note that is reported in “Other expense (income), net” on the Statements of Operations. On June 30, 2009, we surrendered the promissory note, and in exchange, received $15 face amount (fair value of $3.5) of redeemable preferred stock. The fair value estimate incorporated various inputs related to the aluminum operations including: historical financial information, assumptions about future revenue, earnings, and cash flows and earnings ratios for comparable publicly-traded companies with similar characteristics. Management believed it was in our best interest to accept the preferred stock in exchange for the promissory note due to the higher likelihood of recovery resulting from the modification to the buyer’s capital structure.

RISK MANAGEMENT AND DERIVATIVE FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 2010

Statement [Line Items]

RISK MANAGEMENT AND DERIVATIVE FINANCIAL INSTRUMENTS

13.	RISK MANAGEMENT AND DERIVATIVE FINANCIAL INSTRUMENTS

Risk Management Strategy & Objectives

We are subject to market and financial risks related to interest rates, foreign currency, and commodities. In the normal course of business, we utilize derivative instruments (individually or in combinations) to manage these risks. We seek to use derivative contracts that qualify for hedge accounting treatment; however, some instruments may not qualify for hedge accounting treatment. It is our policy not to speculate using derivative instruments.

As of June 30, 2010 and December 31, 2009, we have recorded the following assets and liabilities representing the fair value for our most significant derivative financial instruments. The fair values of the derivatives reflect the change in the market value of the derivative from the date of the trade execution, and do not consider the offsetting underlying hedged item.

As of June 30, 2010:


Derivatives designated as hedging instruments	Total USD Equivalent Notional Amount		Assets				Liabilities
Derivatives designated as hedging instruments	Total USD Equivalent Notional Amount		Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Cash flow commodity hedges	$	5.2	$	0.0	$	0.0	$	.6	$	.2
Cash flow interest rate hedges		125.0		0.0		0.0		0.0		5.9
Cash flow currency hedges - Future USD sales of a Canadian subsidiary		9.8		.3		0.0		0.0		0.0

Total cash flow hedges				.3		0.0		.6		6.1
Fair value hedges:
USD inter-company note receivable on a Canadian subsidiary		10.5		0.0		0.0		.5		0.0

USD inter-company note receivable on an Australian subsidiary		10.0		0.0		0.0		.3		0.0

Total fair value hedges				0.0		0.0		.8		0.0

Derivatives not designated as hedging instruments
Hedge of EUR inter-company note receivable from a European subsidiary		28.0		0.0		3.8		0.0		0.0

			$	.3	$	3.8	$	1.4	$	6.1

As of December 31, 2009:


Derivatives designated as hedging instruments	Total USD Equivalent Notional Amount		Assets				Liabilities
Derivatives designated as hedging instruments	Total USD Equivalent Notional Amount		Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Cash flow commodity hedges	$	3.6	$	0.0	$	0.0	$	.5	$	.2
Cash flow currency hedges - Future USD sales of a Canadian subsidiary		6.3		.6		0.0		0.0		0.0

Total cash flow hedges				.6		0.0		.5		.2
Fair value hedges:
USD inter-company note receivable on a Canadian subsidiary		7.0		0.0		0.0		.1		0.0

Total fair value hedges				0.0		0.0		.1		0.0


Derivatives not designated as hedging instruments
Hedge of EUR inter-company note receivable from a European subsidiary		28.0		0.0		0.0		0.0		.1

			$	.6	$	0.0	$	.6	$	.3

Cash Flow Hedges

At June 30, 2010 and December 31, 2009, we had outstanding derivative financial instruments that hedge forecasted transactions and anticipated cash flows. The effective changes in fair value of unexpired contracts are recorded in accumulated other comprehensive income and reclassified to income or expense in the period in which earnings are impacted and are presented as operating cash flows when the contracts are settled.

Commodity Cash Flow Hedges

The commodity cash flow hedges primarily manage natural gas commodity price risk. Although we routinely hedge commodity price risk up to 36 months, all outstanding commodity hedges as of June 30, 2010 had maturities within 27 months.

Foreign Currency Cash Flow Hedges

The foreign currency hedges manage risk associated with exchange rate volatility of various currencies. The foreign currency cash flow hedges outstanding at June 30, 2010 and December 31, 2009 had maturity dates within two years.

Interest Rate Cash Flow Hedges

The interest rate hedges manage risk associated with interest rate volatility for future debt issuance. During the second quarter of 2010, we entered into forward starting interest rate swaps with a total notional amount of $125 at a weighted average interest rate of 4.4%. The termination date of the swaps is in the third quarter 2012.

Fair Value Hedges

Our fair value hedges manage foreign currency risk associated with subsidiaries’ inter-company assets and liabilities. Hedges designated as fair value hedges recognize gain or loss currently in earnings and are presented as operating cash flows when the contracts are settled. These fair value hedges generally have a maturity date within one year.

Hedge Effectiveness

We have determined all hedges to be highly effective and as a result, have not recorded any material amounts for ineffectiveness.

Derivatives Not Designated as Hedging Instruments

At June 30, 2010 and December 31, 2009, we had one derivative transaction that did not qualify for hedge accounting treatment. Gains or losses on this transaction are recorded directly to income and expense in the period impacted, and economically offset the gains or losses on the underlying Euro inter-company debt.

The following table sets forth the pre-tax gains (losses) from continuing operations for our hedging activities for the six and three months ended June 30, 2010 and 2009. This schedule includes reclassifications from accumulated other comprehensive income as well as derivative settlements recorded directly to income or expense.


Derivatives designated as hedging instruments	Income Statement Classification of Gain (Loss) on Derivatives	Amount of Gain (Loss) Recorded in Income Six Months Ended June 30						Amount of Gain (Loss) Recorded in Income Three Months Ended June 30
Derivatives designated as hedging instruments		2010			2009			2010			2009
Commodity cash flow hedges	Cost of goods sold	$	(.5	)	$	(1.9	)	$	(.3	)	$	(1.7	)
Foreign currency cash flow hedges	Net Sales		.4			.3			.3			.5
Foreign currency cash flow hedges	Other expense (income), net		0.0			(.2	)		0.0			(.2	)
Foreign currency cash flow hedges	Interest expense		0.0			1.2			0.0			.6

Total cash flow hedges			(.1	)		(.6	)		0.0			(.8	)
Fair value hedges	Other expense (income), net		.1			.5			(.3	)		.4

Derivatives not designated as hedging instruments
Hedge of EUR inter-company note receivable-European subsidiary	Other expense (income), net		5.1			(2.6	)		2.4			(2.6	)
Hedge of EUR inter-company note receivable-European subsidiary	Interest expense		(.1	)		0.0			(.1	)		.1

Total derivative instruments		$	5.0		$	(2.7	)	$	2.0		$	(2.9	)

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2010	Dec. 31, 2009
Statement [Line Items]
Other intangibles, accumulated amortization	$ 97.5	$ 98.2