View Filing Data

Three Months Ended

Number of Acquisitions

Product/Service

March 31, 2016

Specialized Products

Fabricated tubing and pipe assemblies

March 31, 2015

Commercial Products

Upholstered office furniture

Print Document View Excel Document

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2016	Apr. 29, 2016
Document Documentand Entity Information [Abstract]
Entity Registrant Name	LEGGETT & PLATT INC
Entity Central Index Key	0000058492
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Trading Symbol	LEG
Amendment Flag	false
Entity Common Stock, Shares Outstanding		134,325,997

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 250.2	$ 253.2
Trade receivables, net	475.8	448.7
Other receivables, net	55.5	71.5
Total net receivables	531.3	520.2
Inventories
Finished goods	255.5	242.8
Work in process	42.7	42.6
Raw materials and supplies	245.9	241.8
LIFO reserve	(22.0)	(22.6)
Total inventories, net	522.1	504.6
Other current assets	38.3	33.2
Total current assets	1,341.9	1,311.2
PROPERTY, PLANT AND EQUIPMENT—AT COST
Machinery and equipment	1,119.1	1,099.1
Buildings and other	559.8	548.2
Land	40.4	40.0
Total property, plant and equipment	1,719.3	1,687.3
Less accumulated depreciation	1,164.6	1,146.5
Net property, plant and equipment	554.7	540.8
OTHER ASSETS
Goodwill	817.0	806.1
Other intangibles, less accumulated amortization of $128.9 and $139.8 as of March 31, 2016 and December 31, 2015, respectively	180.3	188.4
Sundry	130.5	117.2
Total other assets	1,127.8	1,111.7
TOTAL ASSETS	3,024.4	2,963.7
CURRENT LIABILITIES
Current maturities of long-term debt	3.5	3.4
Accounts payable	332.1	307.2
Accrued expenses	256.3	286.7
Other current liabilities	88.1	103.9
Total current liabilities	680.0	701.2
LONG-TERM LIABILITIES
Long-term debt	1,032.0	941.5
Other long-term liabilities	177.1	184.7
Deferred income taxes	44.1	38.6
Total long-term liabilities	1,253.2	1,164.8
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock	2.0	2.0
Additional contributed capital	528.1	529.5
Retained earnings	2,254.4	2,209.2
Accumulated other comprehensive loss	(61.5)	(91.1)
Treasury stock	(1,643.9)	(1,564.0)
Total Leggett & Platt, Inc. equity	1,079.1	1,085.6
Noncontrolling interest	12.1	12.1
Total equity	1,091.2	1,097.7
TOTAL LIABILITIES AND EQUITY	$ 3,024.4	$ 2,963.7

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Other intangibles, accumulated amortization	$ 128.9	$ 139.8

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Net sales	$ 938.4	$ 966.2
Cost of goods sold	704.8	748.4
Gross profit	233.6	217.8
Selling and administrative expenses	105.1	97.5
Amortization of intangibles	5.1	5.2
Goodwill impairment	0.0	4.1
Other income, net	(3.7)	(0.7)
Earnings from continuing operations before interest and income taxes	127.1	111.7
Interest expense	9.2	11.0
Interest income	0.8	1.3
Earnings from continuing operations before income taxes	118.7	102.0
Income taxes	27.7	28.7
Earnings from continuing operations	91.0	73.3
Earnings (loss) from discontinued operations, net of tax	0.1	(0.5)
Net earnings	91.1	72.8
(Earnings) attributable to noncontrolling interest, net of tax	(1.6)	(1.1)
Net earnings attributable to Leggett & Platt, Inc. common shareholders	$ 89.5	$ 71.7
Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
Basic (in dollars per share)	$ 0.64	$ 0.51
Diluted (in dollars per share)	0.63	0.50
Earnings (loss) per share from discontinued operations attributable to Leggett & Platt, Inc. common shareholders
Basic (in dollars per share)	0.00	0.00
Diluted (in dollars per share)	0.00	0.00
Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders
Basic (in dollars per share)	0.64	0.51
Diluted (in dollars per share)	0.63	0.50
Cash dividends declared per share (in dollars per share)	$ 0.32	$ 0.31
Average shares outstanding
Basic (in shares)	139.1	141.9
Diluted (in shares)	141.2	143.8

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net earnings	$ 91.1	$ 72.8
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	22.4	(37.8)
Cash flow hedges	6.5	(1.7)
Defined benefit pension plans	0.7	1.3
Other comprehensive income (loss)	29.6	(38.2)
Comprehensive income	120.7	34.6
Less: comprehensive (income) attributable to noncontrolling interest	(1.6)	(1.1)
Comprehensive income attributable to Leggett & Platt, Inc.	$ 119.1	$ 33.5

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
OPERATING ACTIVITIES
Net earnings	$ 91.1	$ 72.8
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	21.1	22.5
Amortization of intangibles and debt issuance costs	7.2	7.1
Provision for losses on accounts and notes receivable	1.2	1.5
Writedown of inventories	1.6	2.5
Goodwill impairment	0.0	4.1
Long-lived asset impairments	0.0	1.8
Net gain from sales of assets and businesses	(2.5)	(1.5)
Deferred income tax expense	6.0	9.9
Stock-based compensation	12.4	12.2
Tax benefits from stock-based compensation payments (See Note 2)	0.0	(11.4)
Other, net	(0.1)	4.9
Increases/decreases in, excluding effects from acquisitions and divestitures:
Accounts and other receivables	(4.0)	(28.5)
Inventories	(13.9)	(36.8)
Other current assets	1.8	(0.1)
Accounts payable	22.2	(5.0)
Accrued expenses and other current liabilities	(32.8)	(23.9)
NET CASH PROVIDED BY OPERATING ACTIVITIES	111.3	32.1
INVESTING ACTIVITIES
Additions to property, plant and equipment	(27.7)	(21.7)
Purchases of companies, net of cash acquired	(16.4)	(12.2)
Proceeds from sales of assets and businesses	2.3	6.3
Other, net	(5.3)	(4.8)
NET CASH USED FOR INVESTING ACTIVITIES	(47.1)	(32.4)
FINANCING ACTIVITIES
Payments on long-term debt	(0.6)	(2.5)
Additions to long-term debt	0.0	0.4
Change in commercial paper and short-term debt	81.4	32.8
Dividends paid	(43.5)	(42.7)
Issuances of common stock	1.2	3.5
Purchases of common stock	(106.6)	(63.9)
Tax benefits from stock-based compensation payments (See Note 2)	0.0	11.4
Other, net	(1.7)	(1.8)
NET CASH USED FOR FINANCING ACTIVITIES	(69.8)	(62.8)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	2.6	(7.5)
DECREASE IN CASH AND CASH EQUIVALENTS	(3.0)	(70.6)
CASH AND CASH EQUIVALENTS—January 1,	253.2	332.8
CASH AND CASH EQUIVALENTS—March 31,	$ 250.2	$ 262.2

INTERIM PRESENTATION	3 Months Ended
INTERIM PRESENTATION	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
INTERIM PRESENTATION	INTERIM PRESENTATION The interim financial statements of Leggett & Platt, Incorporated (“we”, “us” or “our”) included herein have not been audited by an independent registered public accounting firm. The statements include all adjustments, including normal recurring accruals, which management considers necessary for a fair presentation of our financial position and operating results for the periods presented. We have prepared the statements pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to such rules and regulations. The operating results for interim periods are not necessarily indicative of results to be expected for an entire year. The December 31, 2015 financial position data included herein was derived from the audited consolidated financial statements included in Form 10-K, but does not include all disclosures required by GAAP. For further information, refer to the financial statements and footnotes included in our annual report on Form 10-K for the year ended December 31, 2015. Reclassifications Certain reclassifications have been made to the prior period's information in the Consolidated Condensed Financial Statements and related notes to conform to the first quarter 2016 income statement and March 31, 2016 balance sheet presentation. The first reclassification was a result of changes in our management organizational structure and related internal reporting (See Note 4 - Segment Information). The final was a balance sheet reclassification associated with new accounting guidance for the presentation of debt issuance costs as discussed below.

NEW ACCOUNTING GUIDANCE

3 Months Ended

Mar. 31, 2016

Accounting Changes and Error Corrections [Abstract]

NEW ACCOUNTING GUIDANCE

The Financial Accounting Standards Board (FASB) regularly issues updates to the FASB Accounting Standards Codification that are communicated through issuance of an Accounting Standards Update (ASU). Below is a summary of the ASUs, effective for current or future periods, most relevant to our financial statements:


•	ASU 2016-09 “Improvements to Employee Share-Based Payment Accounting”: Simplifies the financial reporting of income tax impacts for share-based compensation. We adopted this guidance in the first quarter of 2016:


◦	All income tax effects of stock-based compensation are now classified within income tax expense, rather than recognizing some of the effects in additional contributed capital. To the extent tax deductions from stock-based compensation payments differ from the compensation cost recognized for financial reporting purposes, the tax effects are recorded as discrete items in that quarter.


◦	Prospective application was required, and the impact of adopting this new guidance resulted in an additional tax benefit of $5.8 recorded in the first quarter of 2016.


◦	This ASU impacted the calculation of the dilutive effect of stock-based compensation on earnings per share, which resulted in an increase in our average diluted shares outstanding of approximately .5 shares.


◦	The income tax effects are now classified as cash flow from operations, rather than cash flow from financing activities. We have elected to apply this cash flow classification guidance prospectively.


◦	Consistent with our past practice, when shares are withheld from the issuance of stock to fund the payment of the employee’s taxes, the payment is classified as a financing activity.


◦	We have elected to continue to estimate the number of stock-based awards expected to vest, rather than electing to account for forfeitures as they occur.


•	ASU 2016 -02 “ Leases”: Requires that a lessee recognize assets and liabilities on the balance sheet for lease terms of more than 12 months. This ASU will be effective January 1, 2019, and we are evaluating its impact on our future financial statements.

•

ASU 2015-03 “Simplifying the Presentation of Debt Issuance Costs”: Changes the presentation of long-term debt issuance costs in the financial statements to a reduction of the related liability rather than as a separate asset. We adopted this ASU in the first quarter of 2016 and retrospectively reclassified net deferred loan costs associated with each of our long-term debt issuances from assets to long-term debt on the balance sheet. The adoption of this ASU did not have a material impact on our financial statements.


•	ASU 2014-09 “Revenue from Contracts with Customers”: Supersedes much of the existing authoritative literature for revenue recognition. This ASU will be effective January 1, 2018, and we are evaluating its impact on our future financial statements.

INVENTORIES

3 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

INVENTORIES

About 50% of our inventories are valued using the Last-In, First-Out (LIFO) cost method and the remainder using the First-In, First-Out (FIFO) cost method. We calculate our LIFO reserve (the excess of FIFO cost over LIFO cost) on an annual basis. During interim periods, we estimate the current year annual change in the LIFO reserve (i.e., the annual LIFO expense or benefit) and allocate that change ratably to the four quarters. Because accurately predicting inventory prices for the year is difficult, the change in the LIFO reserve for the full year could be significantly different from the amount currently estimated. In addition, a variation in expected ending inventory levels could also impact total change in the LIFO reserve for the year. Any change in the annual LIFO estimate will be reflected in future quarters.

The following table contains the LIFO benefit included in continuing operations for each of the periods presented.



	Three Months Ended March 31,
	2016		2015
LIFO benefit	$	—	$	5.0

SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

SEGMENT INFORMATION

Our reportable segments are the same as our operating segments, which also correspond with our management organizational structure. During the fourth quarter of 2015, our logistics operations, which primarily include intercompany transportation activity, were moved from Residential Furnishings to Industrial Materials. This segment change was retrospectively applied to all prior periods presented.

We have four operating segments that supply a wide range of products:


•	Residential Furnishings—components for bedding and furniture, fabric and carpet cushion


•	Commercial Products—components for office and institutional furnishings, adjustable beds and consumer products


•	Industrial Materials—drawn steel wire, fabricated wire products and steel rod


•	Specialized Products—automotive seating components, tubing and sub-assemblies for the aerospace industry, specialized machinery and equipment, and commercial vehicle interiors

Each reportable segment has a senior operating vice-president that reports to the chief executive officer, who is 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 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. 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
Three Months Ended March 31, 2016
Residential Furnishings	$	481.4	$	7.5	$	488.9	$	47.7
Commercial Products	141.3		20.2		161.5		13.8
Industrial Materials	77.1		80.1		157.2		20.1
Specialized Products	238.6		10.4		249.0		46.3
Intersegment eliminations and other							(.8		)
Change in LIFO reserve							—
	$	938.4	$	118.2	$	1,056.6	$	127.1
Three Months Ended March 31, 2015
Residential Furnishings	$	506.0	$	7.6	$	513.6	$	52.1
Commercial Products	123.5		17.5		141.0		8.0
Industrial Materials	117.7		101.5		219.2		8.0
Specialized Products	219.0		9.5		228.5		39.3
Intersegment eliminations and other							(.7		)
Change in LIFO reserve							5.0
	$	966.2	$	136.1	$	1,102.3	$	111.7

Average assets for our segments 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.



	March 31, 2016		December 31, 2015
Residential Furnishings	$	597.7	$	623.7
Commercial Products	121.4		110.2
Industrial Materials	151.0		186.7
Specialized Products	256.6		256.4
Other (1)	.6		6.3
Average current liabilities included in segment numbers above	481.2		516.6
Unallocated assets (2)	1,374.4		1,387.0
Difference between average assets and period-end balance sheet	41.5		(123.2		)
Total assets	$	3,024.4	$	2,963.7


(1)	Businesses sold or classified as discontinued operations.


(2)	Unallocated assets consist primarily of goodwill, other intangibles, cash and deferred tax assets.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

Discontinued Operations

During the fourth quarter of 2015 we completed the divestiture of the Store Fixtures reporting unit, which was previously part of the Commercial Products segment. Total consideration for these businesses was approximately $72 during a two-year time period. No significant gains or losses were realized on the sale of these businesses.

The table below includes activity related to these operations:



	Three Months Ended March 31,
	2016		2015
External sales:
Commercial Products - Store Fixtures	$	—	$	6.2

Earnings (loss):
Commercial Products - Store Fixtures	.1		.4
Subsequent activity related to previous divestitures	—		(.8		)
Earnings (loss) before interest and income taxes	.1		(.4		)
Income tax (expense) benefit	—		(.1		)
Earnings (loss) from discontinued operations, net of tax	$	.1	$	(.5	)

Assets Held for Sale

Net assets held for sale by segment were as follows:



	March 31, 2016						December 31, 2015
	Assets		Liabilities		Net Assets		Assets		Liabilities		Net Assets
Residential Furnishings	$	1.2	$	—	$	1.2	$	1.2	$	—	$	1.2
Commercial Products	2.9		—		2.9		4.0		—		4.0
Industrial Materials	3.2		—		3.2		3.2		—		3.2
Specialized Products	18.4		2.7		15.7		—		—		—
	$	25.7	$	2.7	$	23.0	$	8.4	$	—	$	8.4

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



	March 31, 2016		December 31, 2015
Current assets held for sale not associated with discontinued operations (included in "Other current assets") (1)	$	5.7	$	—
Non-current assets held for sale not associated with discontinued operations (included in "Sundry") (1) (2)	20.0		8.4
Total assets held for sale	25.7		8.4

Current liabilities held for sale not associated with discontinued operations (included in "Other current liabilities") (1)	2.7		—
Total liabilities held for sale	2.7		—

Net assets held for sale	$	23.0	$	8.4

(1) One Commercial Vehicle Products (CVP) operation within the Specialized Products segment reached held-for-sale status in the first

quarter of 2016, but did not qualify for discontinued operations treatment.

(2) This table includes $7.3 and $8.4 of property, plant and equipment held for sale at March 31, 2016, and December 31, 2015, respectively,

primarily associated with the closings of various operations and prior year restructurings.

The following businesses were classified as held for sale during 2016 or divested during 2015, but did not meet the discontinued operations criteria.


•	CVP businesses related to our Specialized Products segment:


◦	External sales for the CVP operation that reached held for sale status in the first quarter of 2016 were $7.5 and $7.0, and EBIT was $1.5 and $1.0, for the quarters ended March 31, 2016 and 2015, respectively.


◦	During the fourth quarter of 2015, we divested another small operation within our CVP business unit. External sales for this business were $2.8 and EBIT was $(.3) for the quarter ended March 31, 2015.


•	Our Steel Tubing business, which was sold in the fourth quarter of 2015, reached held for sale status in the first quarter of 2015. External sales for this business were $24.8 and EBIT was $.8 for the quarter ended March 31, 2015. The Steel Tubing business was part of the Industrial Materials segment.

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760

+ Details

IMPAIRMENTS CHARGES

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

IMPAIRMENT CHARGES

Pre-tax impact of impairment charges is summarized in the following table.

Other long-lived asset impairments are reported in "Other (income) expense, net." Charges associated with discontinued operations are reported in "Earnings (loss) from discontinued operations, net of tax."



	Three Months Ended March 31,
	2016						2015
	Goodwill Impairment		Other Long-Lived Assets Impairments		Total Impairments		Goodwill Impairment		Other Long-Lived Assets Impairments		Total Impairments
Continuing operations:
Residential Furnishings	$	—	$	—	$	—	$	—	$	.2	$	.2
Industrial Materials - Steel Tubing	—		—		—		4.1		1.4		5.5
Total continuing operations	—		—		—		4.1		1.6		5.7
Discontinued operations:
Subsequent activity related to previous divestitures	—		—		—		—		.2		.2
Total discontinued operations	—		—		—		—		.2		.2
Total impairment charges	$	—	$	—	$	—	$	4.1	$	1.8	$	5.9

Other Long-Lived Assets

We test other long-lived assets for recoverability at year-end and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Fair value and the resulting impairment charges noted above were based primarily upon offers from potential buyers or third party estimates of fair value less selling costs.

Goodwill

Goodwill is required to be tested for impairment at least once a year and as triggering events occur. We perform our annual goodwill impairment review in the second quarter of each year.

The Steel Tubing unit met the held for sale criteria during the first quarter of 2015. Because fair value less costs to sell had fallen below recorded book value, we fully impaired this unit's goodwill and incurred a $4.1 goodwill impairment charge in the first quarter of 2015.

The fair values of reporting units in relation to their respective carrying values and significant assumptions used in the second quarter 2015 review are presented in the table below.



Excess of Fair Value over Carrying Value as a Percentage of Fair Value	March 31, 2016 Goodwill Value		10-year Compound Annual Growth Rate Range for Sales		Terminal Values Long- term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
< 25%	$	—	—	%	—	%	—	%
25% - 49%	—		—	%	—	%	—	%
50% - 74%	595.4		.6% - 7.0%		3.0	%	8.0% - 12.5%
75%+	221.6		3.1% - 10.9%		3.0	%	8.0% - 9.0%
	$	817.0	.6% - 10.9%		3.0	%	8.0% - 12.5%

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic and diluted earnings per share were calculated as follows:



	Three Months Ended March 31,
	2016			2015
Earnings:
Earnings from continuing operations	$	91.0		$	73.3
(Earnings) attributable to noncontrolling interest, net of tax	(1.6		)	(1.1		)
Net earnings from continuing operations attributable to Leggett & Platt, Inc. common shareholders	89.4			72.2
Earnings (loss) from discontinued operations, net of tax	.1			(.5		)
Net earnings attributable to Leggett & Platt, Inc. common shareholders	$	89.5		$	71.7

Weighted average number of shares (in millions):
Weighted average number of common shares used in basic EPS	139.1			141.9
Dilutive effect of stock-based compensation	2.1			1.9
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	141.2			143.8

Basic and Diluted EPS:
Basic EPS attributable to Leggett & Platt, Inc. common shareholders
Continuing operations	$	.64		$	.51
Discontinued operations	—			—
Basic EPS attributable to Leggett & Platt, Inc. common shareholders	$	.64		$	.51
Diluted EPS attributable to Leggett & Platt, Inc. common shareholders
Continuing operations	$	.63		$	.50
Discontinued operations	—			—
Diluted EPS attributable to Leggett & Platt, Inc. common shareholders	$	.63		$	.50

Other information:
Anti-dilutive shares excluded from diluted EPS computation	—			—

ACCOUNTS AND OTHER RECEIVABLES

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

ACCOUNTS AND OTHER RECEIVABLES

Accounts and other receivables consisted of the following:



	March 31, 2016						December 31, 2015
	Current			Long-term			Current			Long-term
Trade accounts receivable	$	484.8		$	—		$	457.5		$	—
Trade notes receivable	1.3			.6			.5			.6
Total trade receivables	486.1			.6			458.0			.6
Other notes receivable:
Other	—			.4			—			.4
Income tax receivables	11.6			—			32.6			—
Other receivables	43.9			—			38.9			—
Subtotal other receivables	55.5			.4			71.5			.4
Total trade and other receivables	541.6			1.0			529.5			1.0
Allowance for doubtful accounts:
Trade accounts receivable	(10.2		)	—			(9.2		)	—
Trade notes receivable	(.1		)	(.2		)	(.1		)	(.2		)
Total trade receivables	(10.3		)	(.2		)	(9.3		)	(.2		)
Other notes receivable	—			(.4		)	—			(.4		)
Total allowance for doubtful accounts	(10.3		)	(.6		)	(9.3		)	(.6		)
Total net receivables	$	531.3		$	.4		$	520.2		$	.4

Notes that were past due more than 90 days or had been placed on non-accrual status were not significant for the periods presented.

Activity related to the allowance for doubtful accounts is reflected below:



	Balance at December 31, 2015		2016 Charges		2016 Charge- offs, Net of Recoveries		Balance at March 31, 2016
Trade accounts receivable	$	9.2	$	1.2	$	.2	$	10.2
Trade notes receivable	.3		—		—		.3
Total trade receivables	9.5		1.2		.2		10.5
Other notes receivable	.4		—		—		.4
Total allowance for doubtful accounts	$	9.9	$	1.2	$	.2	$	10.9

STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION

The following table recaps the components of stock-based and stock-related compensation for each period presented:



	Three Months Ended March 31, 2016				Three Months Ended March 31, 2015
	To be settled with stock		To be settled in cash		To be settled with stock		To be settled in cash
Options:
Amortization of the grant date fair value	$	.9	$	—	$	.1	$	—
Cash payments in lieu of options	—		1.1		—		1.0
Stock-based retirement plans contributions	1.8		.4		2.2		.4
Discounts on various stock awards:
Deferred Stock Compensation Program	.6		—		.6		—
Stock-based retirement plans	.4		—		.4		—
Discount Stock Plan	.3		—		.3		—
Performance Stock Unit awards (1)	1.2		2.2		1.6		2.9
Restricted Stock Unit awards	.8		—		.9		—
Profitable Growth Incentive awards (2)	1.6		1.2		1.9		1.7
Other, primarily non-employee directors restricted stock	.3		—		.4		—
Total stock-related compensation expense	7.9		$	4.9	8.4		$	6.0
Employee contributions for above stock plans	4.5				3.8
Total stock-based compensation	$	12.4			$	12.2
Tax benefits on stock-based compensation expense	$	2.9			$	3.2
Tax benefits on stock-based compensation payments (See Note 2)	5.8				—
Total tax benefits associated with stock-based compensation	$	8.7			$	3.2

Included below is the activity in our most significant stock-based plans:

(1) Performance Stock Unit Awards

We grant Performance Stock Unit (PSU) awards in the first quarter of each year to selected officers and other key managers. Expense is recognized using the straight-line method over the three-year vesting period. These awards contain 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 Total Shareholder Return [TSR = (Change in Stock Price + Dividends) / Beginning Stock Price] 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 320 companies). Participants will earn from 0% to 175% of the base award depending upon how our Total Shareholder Return ranks within the peer group at the end of the 3-year performance period.

Grant date fair values are calculated using a Monte Carlo simulation of stock and volatility data for Leggett and each of the peer companies.

Below is a summary of the number of shares and related grant date fair value of PSU’s for the periods presented.



	Three Months Ended March 31,
	2016			2015
Total shares base award	.1			.2
Grant date per share fair value	$	40.16		$	42.22
Risk-free interest rate	1.3		%	1.1		%
Expected life in years	3.0			3.0
Expected volatility (over expected life)	19.2		%	19.8		%
Expected dividend yield (over expected life)	3.1		%	2.9		%

Three-Year Performance Cycle

Award Year

Completion Date

TSR Performance

Relative to the Peer Group (1%=Best)

Payout as a

Percent of the

Base Award

Number of Shares

Distributed

Cash Portion

Distribution Date

2012

December 31, 2014

30th percentile

157.0%

.4 million

9.9

January 2015

2013

December 31, 2015

27th percentile

165.4%

.4 million

8.5

January 2016

For outstanding awards, we intend to pay 65% in shares of our common stock, although we reserve the right to pay up to 100% in cash. The additional amount that represents 35% of the award will be settled in cash, and is recorded as a liability and adjusted to fair value at each reporting period.

(2) Profitable Growth Incentive Awards

Certain key management employees participate in a Profitable Growth Incentive (PGI) program. The PGI awards are issued as growth performance stock units (GPSUs). The GPSUs vest (0% to 250%) at the end of a two-year performance period. Vesting is based on the Company's or applicable profit center's revenue growth (adjusted by a GDP factor when applicable) and EBITDA margin at the end of a two-year performance period. The 2016 and 2015 base target PGI awards were less than .1 shares. If earned, we intend to pay half in shares of our common stock and half in cash, although we reserve the right to pay up to 100% in cash. Both components are adjusted to fair value at each reporting period.

Two-Year Performance Cycle

Award Year

Completion Date

Average Payout as a

Percent of the

Base Award

Number of Shares

Distributed

Cash Portion

Distribution Date

2013

December 31, 2014

127.0%

.1 million

3.5

February 2015

2014

December 31, 2015

224.7%

.2 million

6.7

February 2016

ACQUISITIONS

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

ACQUISITIONS

The following table contains the estimated fair values (using inputs as discussed in Note 13) of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions during the periods presented, and any additional consideration paid for prior years’ acquisitions. We are finalizing all the information required to complete the purchase price allocations related to certain recent acquisitions and do not anticipate any material modifications.



	Three Months Ended March 31,
	2016			2015
Accounts receivable	$	1.3		$	3.7
Inventory	4.4			4.9
Property, plant and equipment	2.2			1.9
Goodwill (1)	3.4			8.4
Other intangible assets	7.4			14.8
Current liabilities	(1.9		)	(11.1		)
Long-term liabilities	(.4		)	(10.4		)
Net cash consideration	$	16.4		$	12.2

(1) All of the goodwill associated with the 2016 and 2015 acquisitions is expected to provide an income tax benefit.

The following table summarizes acquisitions for the periods presented.

In February 2016, we expanded our Aerospace Products business unit with an acquisition of a U.S. fabricated tubing business for a purchase price of $16.4. Factors contributing to the recognition of $3.4 in goodwill from the acquisition included: additional production of fabricated tubing and pipe assemblies and benefits from our vertical integration in precision machining and gearing.

In March 2015, we acquired a 70% interest in a European private-label manufacturer of high-end upholstered furniture for office, commercial and other settings for a purchase price of $22.7. This business is complementary to our North American private-label operation and allows us to support our Work Furniture customers as they expand globally. We will acquire the remaining 30% in 2018 and 2020, per the terms of the agreement, and have recorded a long-term liability of approximately $11 for the future payments. Future payments are based upon a calculation that incorporates future EBITDA. The recorded liability is based upon estimates and may fluctuate significantly until the payment dates. Fluctuations in this liability will be reflected in interest income or expense on the Consolidated Condensed Statement of Operations.

The results of operations of the above acquired companies have been included in the consolidated financial statements since the dates of acquisition. The unaudited pro forma consolidated net sales, net earnings and earnings per share as though the 2016 and 2015 acquisitions had occurred on January 1 of each year presented are not materially different from the amounts reflected in the accompanying financial statements. Certain of our acquisition agreements provide for additional consideration to be paid in cash at a later date and are recorded as a liability at the acquisition date. At March 31, 2016, there was no substantial remaining consideration payable other than the liability discussed above.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1500-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 31, 2016

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLANS

The following table provides interim information as to our domestic and foreign defined benefit pension plans. We are reviewing the funding strategy for selected pension plans, and 2016 employer contributions could be moderately higher than the $1.8 previously reported at December 31, 2015.



	Three Months Ended March 31,
	2016			2015
Components of net pension expense
Service cost	$	1.2		$	1.0
Interest cost	2.9			3.3
Expected return on plan assets	(3.3		)	(4.2		)
Recognized net actuarial loss	1.2			1.5
Net pension expense	$	2.0		$	1.6

STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME

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



	Three Months Ended March 31, 2016
	Total Equity			Retained Earnings			Common Stock & Additional Contributed Capital			Treasury Stock			Noncontrolling Interest			Accumulated Other Comprehensive Income (Loss)
Beginning balance, January 1, 2016	$	1,097.7		$	2,209.2		$	531.5		$	(1,564.0	)	$	12.1		$	(91.1	)
Net earnings	91.1			91.1			—			—			—			—
(Earnings) loss attributable to noncontrolling interest, net of tax	—			(1.6		)	—			—			1.6			—
Dividends declared	(43.0		)	(44.3		)	1.3			—			—			—
Dividends paid to noncontrolling interest	(1.6		)	—			—			—			(1.6		)	—
Treasury stock purchased	(107.2		)	—			—			(107.2		)	—			—
Treasury stock issued	12.7			—			(14.6		)	27.3			—			—
Foreign currency translation adjustments	22.4			—			—			—			—			22.4
Cash flow hedges, net of tax	6.5			—			—			—			—			6.5
Defined benefit pension plans, net of tax	.7			—			—			—			—			.7
Stock options and benefit plan transactions, net of tax	11.9			—			11.9			—			—			—
Ending balance, March 31, 2016	$	1,091.2		$	2,254.4		$	530.1		$	(1,643.9	)	$	12.1		$	(61.5	)



	Three Months Ended March 31, 2015
	Total Equity			Retained Earnings			Common Stock & Additional Contributed Capital			Treasury Stock			Noncontrolling Interest		Accumulated Other Comprehensive Income (Loss)
Beginning balance, January 1, 2015	$	1,154.9		$	2,061.3		$	504.4		$	(1,416.6	)	$	8.4	$	(2.6	)
Net earnings	72.8			72.8			—			—			—		—
(Earnings) loss attributable to noncontrolling interest, net of tax	—			(1.1		)	—			—			1.1		—
Dividends declared	(42.7		)	(44.0		)	1.3			—			—		—
Treasury stock purchased	(68.9		)	—			—			(68.9		)	—		—
Treasury stock issued	15.9			—			(19.5		)	35.4			—		—
Foreign currency translation adjustments	(37.8		)	—			—			—			—		(37.8		)
Cash flow hedges, net of tax	(1.7		)	—			—			—			—		(1.7		)
Defined benefit pension plans, net of tax	1.3			—			—			—			—		1.3
Stock options and benefit plan transactions, net of tax	22.6			—			22.6			—			—		—
Ending balance, March 31, 2015	$	1,116.4		$	2,089.0		$	508.8		$	(1,450.1	)	$	9.5	$	(40.8	)

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:



	Foreign Currency Translation Adjustments			Cash Flow Hedges			Defined Benefit Pension Plans			Accumulated Other Comprehensive Income (Loss)
Beginning balance, January 1, 2016	$	(4.8	)	$	(28.2	)	$	(58.1	)	$	(91.1	)
Other comprehensive income (loss) before reclassifications, pretax	22.4			4.9			(.1		)	27.2
Amounts reclassified from accumulated other comprehensive income, pretax:
Net sales	—			2.7			—			2.7
Cost of goods sold; selling and administrative expenses	—			.1			1.2			1.3
Interest expense	—			1.0			—			1.0
Subtotal of reclassifications, pretax	—			3.8			1.2			5.0
Other comprehensive income (loss), pretax	22.4			8.7			1.1			32.2
Income tax effect	—			(2.2		)	(.4		)	(2.6		)
Attributable to noncontrolling interest	—			—			—			—
Ending balance, March 31, 2016	$	17.6		$	(21.7	)	$	(57.4	)	$	(61.5	)

Beginning balance, January 1, 2015	$	86.8		$	(20.1	)	$	(69.3	)	$	(2.6	)
Other comprehensive income (loss) before reclassifications, pretax	(37.8		)	(2.8		)	.4			(40.2		)
Amounts reclassified from accumulated other comprehensive income, pretax:
Net sales	—			(.2		)	—			(.2		)
Cost of goods sold; selling and administrative expenses	—			—			1.5			1.5
Interest expense	—			1.0			—			1.0
Subtotal of reclassifications, pretax	—			.8			1.5			2.3
Other comprehensive income (loss), pretax	(37.8		)	(2.0		)	1.9			(37.9		)
Income tax effect	—			.3			(.6		)	(.3		)
Attributable to noncontrolling interest	—			—			—			—
Ending balance, March 31, 2015	$	49.0		$	(21.8	)	$	(68.0	)	$	(40.8	)

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

FAIR VALUE

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

FAIR VALUE

We utilize fair value measures for both financial and non-financial assets and liabilities.

Items measured at fair value on a recurring basis

The areas in which we utilize fair value measures of financial assets and liabilities are presented in the table below.

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.



	As of March 31, 2016
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	105.1	$	—	$	105.1
Derivative assets (Note 14)	—		.8		—		.8
Diversified investments associated with the Executive Stock Unit Program (ESUP)* (Note 9)	24.2		—		—		24.2
Total assets	$	24.2	$	105.9	$	—	$	130.1
Liabilities:
Derivative liabilities* (Note 14)	$	—	$	6.6	$	—	$	6.6
Liabilities associated with the ESUP* (Note 9)	24.1		—		—		24.1
Total liabilities	$	24.1	$	6.6	$	—	$	30.7



	As of December 31, 2015
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	176.0	$	—	$	176.0
Derivative assets (Note 14)	—		.6		—		.6
Diversified investments associated with the ESUP* (Note 9)	22.0		—		—		22.0
Total assets	$	22.0	$	176.6	$	—	$	198.6
Liabilities:
Derivative liabilities* (Note 14)	$	—	$	14.8	$	—	$	14.8
Liabilities associated with the ESUP* (Note 9)	22.2		—		—		22.2
Total liabilities	$	22.2	$	14.8	$	—	$	37.0

* - Includes both current and long-term amounts combined.

There were no transfers between Level 1 and Level 2 for any of the periods presented.

The fair value for fixed rate debt (Level 2) was greater than its $750 carrying value by $24 and $13 at March 31, 2016, and December 31, 2015, respectively. We value this debt using discounted cash flow and secondary market rates provided by Bloomberg.

Items measured at fair value on a non-recurring basis

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 as discussed in Note 10, and evaluating long-term assets (including goodwill) for potential impairment as discussed in Note 6. Determination of fair values for these items requires significant judgment and are calculated utilizing a variety of methods and models that utilize significant Level 3 inputs.

Long lived assets, acquisitions and the second step of a goodwill impairment test utilize the following methodologies in determining fair value: (i) Buildings and machinery are valued at an estimated replacement cost for an asset of comparable age and condition. Market pricing of comparable assets is used to estimate replacement cost where available. (ii) The most common identified intangible assets are customer relationships and tradenames. Customer relationships are valued using an excess earnings method, using various inputs such as the estimated customer attrition rate, future earnings forecast, the amount of contributory asset charges, and a discount rate. Tradenames are valued using a relief from royalty method, which is based upon comparable market royalty rates for tradenames of similar value. (iii) Inventory is valued at current replacement cost for raw materials, with a step-up for work in process and finished goods items that reflect the amount of ultimate profit earned as of the valuation date. (iv) Other working capital items are generally recorded at face value, unless there are known conditions that would impact the ultimate settlement amount of the particular item.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

RISK MANAGEMENT AND DERIVATIVE FINANCIAL INSTRUMENTS

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 this treatment. It is our policy not to speculate using derivative instruments.

Cash Flow Hedges

Derivative financial instruments that we use to hedge forecasted transactions and anticipated cash flows are as follows:


•	Interest Rate Cash Flow Hedges - In August 2012, we issued $300 of 10-year notes with a coupon rate of 3.40%. As a part of this transaction, we settled our $200 forward starting interest rate swaps we had entered into during 2010 and recognized a loss of $42.7, which will be amortized out of accumulated other comprehensive income to interest expense over the life of the notes.


•	Currency Cash Flow Hedges—The foreign currency hedges manage risk associated with exchange rate volatility of various currencies.

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. Cash flows from settled contracts are presented in the category consistent with the nature of the item being hedged. (Settlements associated with the sale or production of product are presented in operating cash flows and settlements associated with debt issuance are presented in financing cash flows.)

Fair Value Hedges

Our fair value hedges typically 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. Cash flows from settled contracts are presented in the category consistent with the nature of the item being hedged.

Hedge Effectiveness

We have deemed ineffectiveness to be immaterial, and as a result, have not recorded any amounts for ineffectiveness. If a hedge was not highly effective, the portion of the change in fair value considered to be ineffective would be recognized immediately in the consolidated statements of operations.

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.



	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of March 31, 2016
				Assets		Liabilities
				Other Current Assets		Other Current Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments
Cash flow hedges:
Currency Hedges:
Future USD sales of Canadian, Chinese and Swiss subsidiaries	Dec 2017	$	175.7	$	—	$	3.8	$	.4
Future DKK sales of Polish subsidiary	Dec 2016	17.7		—		.1		—
Future USD purchases of Canadian, European, and South Korean subsidiaries	Dec 2017	15.6		—		.4		.1
Future EUR sales of Chinese, UK and Swiss subsidiaries	Dec 2017	13.7		.2		.4		.1
Future MXN purchases of a USD subsidiary	Dec 2017	6.1		—		.6		.2
Future GBP sales of a Swiss subsidiary	May 2016	4.8		.1		—		—
Total cash flow hedges				.3		5.3		.8
Fair value hedges:
DKK inter-company note receivable on a USD subsidiary	Apr 2016	3.0		.1		—		—
USD inter-company note receivable on a Swiss subsidiary	Aug 2016	8.0		—		.2		—
Total fair value hedges				.1		.2		—
Derivatives not designated as hedging instruments
Non-deliverable hedge on USD exposure to CNY	Feb 2017	14.0		—		.2		—
Non-deliverable hedge on EUR exposure to CNY	Dec 2016	2.3		.1		.1		—
Hedge of EUR Cash on USD and UK subsidiaries	May 2017	11.3		.2		—		—
Hedge of GBP Cash on USD subsidiary	Apr 2016	10.6		.1		—		—
Total derivatives not designated as hedging instruments				.4		.3		—
				$	.8	$	5.8	$	.8



	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of December 31, 2015
				Assets		Liabilities
				Other Current Assets		Other Current Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments
Cash flow hedges:
Currency Hedges:
Future USD sales of Canadian, Chinese and Swiss subsidiaries	Dec 2017	$	219.8	$	—	$	10.1	$	2.3
Future USD purchases of Canadian, European and South Korean subsidiaries	Dec 2017	16.8		.3		—		—
Future MXN purchases of a USD subsidiary	Dec 2017	7.3		—		.7		.3
Future JPY sales of a Chinese subsidiary	Dec 2016	3.8		—		.1		—
Future DKK sales of a Polish subsidiary	Dec 2016	15.6		—		.1		—
Future EUR sales of Chinese, Swiss and UK subsidiaries	May 2017	13.6		—		.1		—
Total cash flow hedges				.3		11.1		2.6
Fair value hedges:
DKK inter-company note receivable on USD subsidiary	May 2016	1.7		.1		—		—
USD inter-company note receivable on a CAD subsidiary	Jan 2016	9.0		—		.5		—
USD inter-company note receivable on a Swiss subsidiary	Aug 2016	8.0		—		.1		—
Total fair value hedges				.1		.6		—
Derivatives not designated as hedging instruments
Non-deliverable hedge on USD exposure to CNY	Dec 2016	11.0		—		.3		—
Non-deliverable hedge on EUR exposure to CNY	Dec 2016	2.2		—		.1		—
Non-deliverable hedge on JPY exposure to CNY	Dec 2016	2.5		—		.1		—
Hedge of DKK cash on USD Subsidiary	Apr 2016	3.0		.1		—		—
Hedge of EUR Cash on UK Subsidiaries	Jan 2016	8.3		.1		—		—
Total derivatives not designated as hedging instruments				.2		.5		—
				$	.6	$	12.2	$	2.6

The following table sets forth the pre-tax (gains) losses from continuing operations for our hedging activities for the years presented. This schedule includes reclassifications from accumulated other comprehensive income (see Note 12) as well as derivative settlements recorded directly to income or expense.



	Income Statement Caption	Amount of (Gain) Loss Recorded in Income March 31,
	Income Statement Caption	2016			2015
Derivatives designated as hedging instruments
Interest rate cash flow hedges	Interest expense	$	1.0		$	1.0
Foreign currency cash flow hedges	Net sales	3.1
Foreign currency cash flow hedges	Cost of goods sold	.1			(.4		)
Total cash flow hedges		4.2			.6
Fair value hedges	Other (income) expense, net	(1.3		)	.7
Derivatives not designated as hedging instruments
Hedge of USD cash-UK and Swiss subsidiaries	Other (income) expense, net	—			(.1		)
Hedge of EUR cash-USD, UK and Swiss subsidiaries	Other (income) expense, net	(.2		)	.7
Hedge of DKK cash-USD subsidiary	Other (income) expense, net	.1			—
Non-deliverable hedge on USD exposure to CNY	Other (income) expense, net	(.1		)	—
Non-deliverable hedge on EUR exposure to CNY	Other (income) expense, net	(.1		)	—
Non-deliverable hedge on JPY exposure to CNY	Other (income) expense, net	(.1		)	—
Total derivative instruments		$	2.5		$	1.9

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41620-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579240-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4D
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624177-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80784-113994

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41641-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579245-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4H
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624258-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5708775-113959

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5708773-113959

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5580258-113959

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624181-113959

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41638-113959

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

CONTINGENCIES

3 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

CONTINGENCIES

We are a party to various proceedings and matters involving employment, antitrust, intellectual property, environmental, taxation and other laws. When it is probable, in management's judgment, that we may incur monetary damages or other costs resulting from these proceedings or other claims, and we can reasonably estimate the amounts, we record appropriate accruals in the financial statements and make charges against earnings. For all periods presented, we have recorded no material charges against earnings other than as indicated below. Also, when it is reasonably possible that we may incur additional loss in excess of recorded accruals and we can reasonably estimate the additional losses or range of losses, we disclose such additional reasonably possible losses in these notes. A contingency that may result in a gain is not reflected in the financial statements before realization.

Foam Antitrust Lawsuits

Beginning in August 2010, a series of civil lawsuits was initiated in several U.S. federal courts and in Canada against several defendants alleging that Leggett and Platt and certain other manufacturers of polyurethane foam products had engaged in price fixing in violation of U.S. and Canadian antitrust laws. We were party to several antitrust proceedings regarding polyurethane foam products. Most of these proceedings were resolved in 2015. For disclosure of these resolved proceedings, see Footnote T - Contingencies in our Form 10-K filed February 25, 2016. The remaining pending antitrust proceedings are disclosed below.

We deny all allegations in all pending antitrust proceedings. We will vigorously defend ourselves in these proceedings and believe that we have valid bases to contest all claims. However, we have established an accrual for the estimated amount that we believe is necessary to resolve all pending antitrust matters. We also believe, based on current facts and circumstances, it is reasonably possible that we may incur losses in excess of recorded accruals associated with the pending antitrust proceedings.

For specific information regarding accruals, and reasonably possible losses in excess of accruals please see “Accruals and Reasonably Possible Losses in Excess of Accruals” below.

U.S. Indirect Purchaser Class Action Cases. We were named as a defendant in an indirect purchaser class consolidated amended complaint filed on March 21, 2011 and were subsequently sued in an indirect purchaser class action case filed on May 23, 2011, in the U.S. District Court for the Northern District of Ohio under the name In re: Polyurethane Foam Antitrust Litigation, Case No. 1:10-MD-2196. The plaintiffs, on behalf of themselves and/or a class of indirect purchasers, bring damages claims under various states’ antitrust and consumer protection statutes, and are seeking three times an amount of damages allegedly suffered as a result of alleged overcharges in the price of polyurethane foam products from at least 1999 to the present. Each plaintiff also seeks attorney fees, pre-judgment and post-judgment interest, court costs, and injunctive relief against future violations. We filed motions to dismiss the indirect purchaser class action for failure to state a legally valid claim. The Ohio Court denied the motions to dismiss. A motion for class certification was filed on behalf of the indirect purchasers. A hearing on the motion was held and the Court certified the indirect purchaser class. We filed a Petition for Permission to Appeal from Class Certification Order to the United States Court of Appeals for the Sixth Circuit, which was denied. On November 18, 2014, we filed a Petition for a Writ of Certiorari in the U.S. Supreme Court, which was denied on March 2, 2015. The Ohio Court ordered all parties to attend non-binding mediation with a mediator of their choosing.

Settlement of U.S. Indirect Purchaser Class Action Cases. We reached a tentative settlement in the U.S. Indirect Class Action cases on May 18, 2015, by agreeing to pay an amount not materially different from the amount previously accrued for this claim. We continue to deny all allegations in the cases, but settled the indirect purchaser class cases to avoid the risk, uncertainty, expense and distraction of litigation. The Court preliminarily approved the class settlement on July 31, 2015. The full settlement amount was paid into escrow in the third quarter of 2015. The final settlement approval hearing was held on December 15, 2015 and the Court granted final approval of the settlement. Several objectors filed notices of appeal of the order of approving the class settlement to the Sixth Circuit Court of Appeals. On April 14, 2016, the Court ordered the objectors to post an appeal bond by May 13, 2016. Certain of the objectors have filed a motion to reconsider or stay the bond order. We are awaiting the Court's ruling.

Kansas Restraint of Trade Act Cases. We have been named as a defendant in two individual cases alleging direct and indirect purchaser claims under the Kansas Restraint of Trade Act, one filed on November 29, 2012 in the United States District Court of Kansas under the name LaCrosse Furniture Company v. Future Foam, Inc., et al., Case No. 12-cv-2748 KHV/JPO and the other on April 11, 2013 in the District Court of Kansas under the name Cap Carpet, Inc. v. Future Foam, Inc., Case No. 13-cv-1140-JAR-KGG. These two cases were previously transferred to the U.S. District Court for the Northern District of Ohio under the name In re: Polyurethane Foam Antitrust Litigation, Case No. 1:10-MD-2196. The claims and allegations of these plaintiffs are generally the same as the class plaintiffs, with the exception that the Kansas plaintiffs seek full consideration damages (their total purchase amounts for the allegedly price-fixed polyurethane foam products). On May 15, 2015, the U.S. Judicial Panel on Multidistrict Litigation remanded the cases back to the U.S District Court for the District of Kansas. Trial is currently scheduled to begin on November 14, 2016, in Wichita, Kansas, in the Cap Carpet case. Trial has been scheduled in the LaCrosse Furniture case to begin on August 7, 2017. In the Cap Carpet case, we filed a motion for partial summary judgment on March 15, 2016, on several of the key issues of the case, including arguments that Cap Carpet is not entitled to full consideration damages and that full consideration damages are not trebled. On March 15, 2016, Cap Carpet filed a motion for judgment on the pleadings as to the availability of full consideration damages. We are awaiting the court's ruling on both these motions.

Brazilian Value-Added Tax Matters

All dollar amounts (in millions) presented in this section have been updated since our last filing to reflect the U.S. Dollar (USD) equivalent of Brazilian Real (BRL).

We deny all of the allegations in all of the below Brazilian actions. We believe that we have valid bases upon which to contest such actions and will vigorously defend ourselves. However, these contingencies are subject to many uncertainties, and based on current facts and circumstances, we believe that it is reasonably possible (but not probable) that we may incur losses of approximately $19 including interest and attorney fees with respect to these assessments. Therefore, because it is not probable we will incur a loss, no accrual has been recorded for Brazilian VAT matters. For specific information regarding accruals, and reasonably possible losses in excess of accruals please see "Accruals and Reasonably Possible Losses in Excess of Accruals" below.

We have $11.4 on deposit with the Brazilian government to partially mitigate interest and penalties that may accrue while we work through these matters. If we are successful in our defense of these assessments, the deposits are refundable with interest. These deposits are recorded as a long-term asset on our balance sheet.

Brazilian Federal Cases. On December 22, 2011, the Brazilian Finance Ministry, Federal Revenue Office issued a notice of violation against our wholly-owned subsidiary, Leggett & Platt do Brasil Ltda. (“L&P Brazil”) in the amount of $2.1, under Case No. 10855.724660/2011-43. The Brazilian Revenue Office claimed that for the period beginning November 2006 and continuing through December 2007, L&P Brazil used an incorrect tariff code for the collection and payment of value-added tax primarily on the sale of mattress innerspring units in Brazil. L&P Brazil denied the violation. The Federal Revenue Office denied L&P Brazil’s defenses and upheld the assessment at the first administrative level. L&P Brazil has filed an appeal.

On December 29, 2011, L&P Brazil received another assessment in the amount of $.1, under case No. 10855.724509/2011-13 on the same subject matter in connection to certain import transactions carried out between 2007 and 2011. L&P Brazil has filed its defense.

On December 17, 2012, the Brazilian Revenue Office issued an additional notice of violation in the amount of $3.6, under MPF Case No. 10855.725260/2012-36 covering the period from January 2008 through December 2010 on the same subject matter. L&P Brazil denied the violation. The Brazilian Revenue Office denied L&P Brazil's defenses and upheld the assessment at the first administrative level. L&P Brazil has appealed this decision, but the appeal was denied by the second administrative level on January 27, 2015. L&P Brazil filed a motion for clarification on March 27, 2015. On November 16, 2015, the motion was denied, and the case was closed at the administrative level. On December 4, 2015, we filed an Annulment Action, Case No. 009658-07.2015.4.03.6110, at the judicial level seeking to obtain an injunction to allow the transfer of the cash deposit in the amount of $4.3 for the administrative case to a judicial escrow account to cover the updated liability amount of $4.6. The preliminary injunction was granted on December 10, 2015, and we are awaiting the federal attorney's response.

In addition, L&P Brazil received assessments on December 22, 2011, and June 26, July 2 and November 5, 2012, and September 13, 2013 from the Brazilian Federal Revenue Office where the Revenue Office challenged L&P Brazil’s use of certain tax credits in years 2005 through 2010. Such credits are generated based upon the tariff classification and rate used by L&P Brazil for value-added tax on the sale of mattress innersprings. On September 4, 2014, the tax authorities issued five additional assessments regarding this same issue (use of credits), covering certain periods of 2011 and 2012. L&P Brazil has filed its defense denying these assessments. Combined with the prior assessments, L&P Brazil has received assessments totaling $2.4 on the same or similar denial of tax credit matters.

On February 1, 2013, the Brazilian Finance Ministry filed a Tax Collection action against L&P Brazil in the Camanducaia Judicial District Court, Case No. 0002222-35.2013.8.13.0878, alleging the untimely payment of $.1 of social contributions (social security and social assistance payments) for the period September to October 2010. L&P Brazil argued the payments were not required to be made because of the application of certain tax credits that were generated by L&P Brazil's use of a correct tariff code for the classification of value-added tax on the sale of mattress innersprings (i.e., the same underlying issue at stake in the other Brazilian matters).

On June 26, 2014, the Brazilian Revenue Office issued a notice of violation against L&P Brazil in the amount of $.7, under Case No. 10660.721523/2014-87, covering the period from 2011 through 2012 on the same subject matter. L&P Brazil has filed its defense denying the assessments.

On July 1, 2014, the Brazilian Finance Ministry rendered a preliminary decision to reject certain offsetting requests presented by L&P Brazil, which originated with Administrative Proceeding No. 10660.720850/2014-11. The Brazilian Finance Ministry alleges that L&P Brazil improperly offset $.1 of social contributions otherwise due in 2011. L&P Brazil filed its response denying the allegations. L&P Brazil is defending on the basis that the social contribution debts were correctly offset with certain tax credits that were generated by L&P Brazil's use of a correct tariff code classification for value-added tax on the sale of mattress innersprings (i.e., the same underlying issue at stake in the other Federal Brazilian matters).

On December 15, 2015, the Brazilian Federal Revenue issued an assessment against L&P Brazil in the amount of $.1, No. 10600.720142/2015-76 for the period of August 2010 through May 11, 2011, as a penalty for L&P Brazil's requests to offset certain tax credits. We filed our defense denying the assessment on January 8, 2016.

State of São Paulo, Brazil Cases. L&P Brazil is party to a proceeding involving the State of São Paulo, Brazil where the State of São Paulo, on April 16, 2009, issued a Notice of Tax Assessment and Imposition of Fine to L&P Brazil originally seeking $1.6 for the tax years 2006 and 2007, under Case No. 3.111.006 (DRT n°.04-256.169/2009). The State of São Paulo argued that L&P Brazil was using an incorrect tariff code for the collection and payment of value-added tax on sales of mattress innerspring units in the State of São Paulo. The Court of Tax and Fees of the State of São Paulo ruled in favor of L&P Brazil nullifying the tax assessment. The State filed a special appeal and the Special Appeals Court remanded the case back to the Court

of Tax and Fees for further findings. The Court of Tax and Fees again ruled in favor of L&P Brazil and nullified the tax assessment. The State filed another special appeal. On April 17, 2014, the Court of Tax and Fees ruled in the State's favor upholding the original assessment of $1.6. On July 31, 2014, L&P Brazil filed an annulment action, Case No. 101712346.2014.8260602 in the Sorocaba State Court, seeking to have the Court of Tax and Fees ruling annulled for an updated assessment amount of $3.3 (which included interest from the original assessment date). We are awaiting the Court's ruling.

On October 4, 2012, the State of São Paulo issued a Tax Assessment under Procedure Number 4.003.484 against L&P Brazil in the amount of $1.3 for the tax years 2009 through 2011. Similar to the 2009 assessment, the State of São Paulo argues that L&P Brazil was using an incorrect tax rate for the collection and payment of value-added tax on sales of mattress innerspring units in the State of São Paulo. On June 21, 2013, the State of São Paulo converted the Tax Assessment to a tax collection action against L&P Brazil in the amount of $1.7, under Sorocaba Judicial District Court, Case No. 3005528-50.2013.8.26.0602. L&P Brazil has denied all allegations.

L&P Brazil also received a Notice of Tax Assessment and Imposition of a Fine from the State of São Paulo dated March 27, 2014, under Procedure Number 4.038.746-0 against L&P Brazil in the amount of $.8 for the tax years January 2011 through August 2012 regarding the same subject matter. L&P filed its response denying the allegations. The first administrative level denied L&P Brazil’s defense and upheld the assessment. L&P Brazil filed its appeal of this decision but the appeal was denied by the second administrative level on July 15, 2015. L&P Brazil filed an appeal to the third administrative level on August 6, 2015. We are awaiting the Court's ruling.

State of Minas Gerais, Brazil Cases. On December 18, 2012, the State of Minas Gerais, Brazil issued a tax assessment to L&P Brazil relating to L&P Brazil's classifications of innersprings for the collection and payment of value-added tax on the sale of mattress innersprings in Minas Gerais from March 1, 2008 through August 31, 2012 in the amount of $.4, under PTA Case No. 01.000.182756-62. L&P Brazil filed its response denying any violation. The first administrative level ruled against us. We appealed to the second administrative level, which affirmed the first administrative level ruling. The case is now proceeding judicially under Case No. 0003673-61.2014.8.13.0878 in Camanducaia Judicial District Court. L&P Brazil filed its response denying the assessments on June 5, 2014.

Accruals and Reasonably Possible Losses in Excess of Accruals

Accruals for Probable Losses

Although the Company denies liability in all threatened or pending litigation proceedings in which it is or may be a party and believes that it has valid bases to contest all claims threatened or made against it, we have recorded a litigation contingency accrual for our reasonable estimate of probable loss for pending and threatened litigation proceedings, in aggregate, as follows:



	Three Months Ended March 31,
	2016			2015
Litigation contingency accrual - Beginning of period	$	8.1		$	83.9
Adjustment to accruals - expense (income) - Continuing operations	—			(.1		)
Cash payments	(4.0		)	(1.7		)
Litigation contingency accrual - End of period	$	4.1		$	82.1

A large percentage of the $82.1 litigation contingency accrual at March 31, 2015 related to antitrust proceedings. The accrual decreased from the prior year corresponding quarter primarily due to cash payments for litigation settlements of $84. The above litigation contingency accrual does not include accrued expenses related to worker's compensation, automobile, product and general liability claims, taxation issues and environmental matters, some of which may contain a portion of litigation expense. However, any litigation expense associated with these categories is not anticipated to have a material effect on our financial condition, results of operation or cash flows. For more information regarding accrued expenses, see Footnote I - Supplemental Balance Sheet Information under "Accrued expenses" on page 90 of the Company's Form 10-K filed February 25, 2016.

We have relied on several facts and circumstances to conclude that some loss is probable with respect to certain proceedings and matters, to arrive at a reasonable estimate of loss or range of loss and record the accruals, including: the maturation of the pending proceedings and matters; our experience in settlement negotiations and mediation; comparative settlements of other companies in similar proceedings; discovery becoming substantially complete in certain proceedings;

certain quantitative metrics used to value probable loss contingencies; and our willingness to settle certain proceedings to forgo the cost and risk of litigation and distraction to our senior executives.

Reasonably Possible Losses in Excess of Accruals

Based upon current facts and circumstances, as of March 31, 2016, aggregate reasonably possible (but not probable) losses in excess of the accruals noted above are estimated to be approximately $29. Although there are a number of uncertainties and potential outcomes associated with all of our pending or threatened litigation proceedings, we believe, based on current facts and circumstances, that additional losses, if any (other than approximately $19, including interest and attorney fees, of reasonably possible losses associated with those Brazilian VAT matters disclosed above and approximately $10 of reasonably possible losses related to antitrust, patent infringement, and other matters), are not expected to materially affect our consolidated financial position, results of operations or cash flows.

Leggett Settles Claims for Alleged Antitrust Violations

On October 17, 2008, the Company, along with Carpenter Co., Flexible Foam Products, Inc., Foam Supplies, Inc., Hickory Springs Manufacturing Company, J.M. Huber Corporation, Lubrizol Advanced Materials, Inc., The Sherwin-Williams Company, Skypark Manufacturing, LLC, Vitafoam Incorporated; and their respective affiliates, as plaintiffs, filed a complaint in the United States District Court for the District of New Jersey under the caption Carpenter Co., et al. v. BASF SE, et al., Case No. 2:08-cv-05169 against BASF Corporation, The Dow Chemical Company, Huntsman International LLC, Lyondell Chemical Company; and their affiliates, alleging that defendants conspired to fix prices and allocate customers and markets for certain urethane chemical products. We, along with co-plaintiffs, sought to recover three times the amount of damages suffered as a result of the alleged overcharges in the price of the urethane chemical products purchased from the defendants. The plaintiffs also sought attorney fees, pre-judgment interest and injunctive relief. The defendants denied the claims. The Company previously settled its claims against all defendants except The Dow Chemical Company for immaterial amounts.

On April 5, 2016, we reached a settlement of our antitrust claims against The Dow Chemical Company, by agreeing to release our claims regarding this matter for a net cash payment to the Company of approximately $38 (pre-tax, after deducting expenses). In the second quarter of 2016, we expect to receive payment and record after-tax income of approximately $25 related to this matter. Because the settlement is largely attributable to our former Prime Foam Products business, which was sold in the first quarter of 2007, approximately $21 of this after-tax amount is expected to be reflected in discontinued operations.

Interim Presentation (Policies)

3 Months Ended

Mar. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Interim Presentation

The interim financial statements of Leggett & Platt, Incorporated (“we”, “us” or “our”) included herein have not been audited by an independent registered public accounting firm. The statements include all adjustments, including normal recurring accruals, which management considers necessary for a fair presentation of our financial position and operating results for the periods presented. We have prepared the statements pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to such rules and regulations. The operating results for interim periods are not necessarily indicative of results to be expected for an entire year.

The December 31, 2015 financial position data included herein was derived from the audited consolidated financial statements included in Form 10-K, but does not include all disclosures required by GAAP. For further information, refer to the financial statements and footnotes included in our annual report on Form 10-K for the year ended December 31, 2015.

New Accounting Guidance


•	ASU 2016-09 “Improvements to Employee Share-Based Payment Accounting”: Simplifies the financial reporting of income tax impacts for share-based compensation. We adopted this guidance in the first quarter of 2016:


◦	All income tax effects of stock-based compensation are now classified within income tax expense, rather than recognizing some of the effects in additional contributed capital. To the extent tax deductions from stock-based compensation payments differ from the compensation cost recognized for financial reporting purposes, the tax effects are recorded as discrete items in that quarter.


◦	Prospective application was required, and the impact of adopting this new guidance resulted in an additional tax benefit of $5.8 recorded in the first quarter of 2016.


◦	This ASU impacted the calculation of the dilutive effect of stock-based compensation on earnings per share, which resulted in an increase in our average diluted shares outstanding of approximately .5 shares.


◦	The income tax effects are now classified as cash flow from operations, rather than cash flow from financing activities. We have elected to apply this cash flow classification guidance prospectively.


◦	Consistent with our past practice, when shares are withheld from the issuance of stock to fund the payment of the employee’s taxes, the payment is classified as a financing activity.


◦	We have elected to continue to estimate the number of stock-based awards expected to vest, rather than electing to account for forfeitures as they occur.


•	ASU 2016 -02 “ Leases”: Requires that a lessee recognize assets and liabilities on the balance sheet for lease terms of more than 12 months. This ASU will be effective January 1, 2019, and we are evaluating its impact on our future financial statements.

•


•	ASU 2014-09 “Revenue from Contracts with Customers”: Supersedes much of the existing authoritative literature for revenue recognition. This ASU will be effective January 1, 2018, and we are evaluating its impact on our future financial statements.

INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

LIFO Expense

The following table contains the LIFO benefit included in continuing operations for each of the periods presented.



	Three Months Ended March 31,
	2016		2015
LIFO benefit	$	—	$	5.0

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Summary of Segment Results from Continuing Operations

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



	External Sales		Inter- Segment Sales		Total Sales		EBIT
Three Months Ended March 31, 2016
Residential Furnishings	$	481.4	$	7.5	$	488.9	$	47.7
Commercial Products	141.3		20.2		161.5		13.8
Industrial Materials	77.1		80.1		157.2		20.1
Specialized Products	238.6		10.4		249.0		46.3
Intersegment eliminations and other							(.8		)
Change in LIFO reserve							—
	$	938.4	$	118.2	$	1,056.6	$	127.1
Three Months Ended March 31, 2015
Residential Furnishings	$	506.0	$	7.6	$	513.6	$	52.1
Commercial Products	123.5		17.5		141.0		8.0
Industrial Materials	117.7		101.5		219.2		8.0
Specialized Products	219.0		9.5		228.5		39.3
Intersegment eliminations and other							(.7		)
Change in LIFO reserve							5.0
	$	966.2	$	136.1	$	1,102.3	$	111.7

Average Assets for Segments



	March 31, 2016		December 31, 2015
Residential Furnishings	$	597.7	$	623.7
Commercial Products	121.4		110.2
Industrial Materials	151.0		186.7
Specialized Products	256.6		256.4
Other (1)	.6		6.3
Average current liabilities included in segment numbers above	481.2		516.6
Unallocated assets (2)	1,374.4		1,387.0
Difference between average assets and period-end balance sheet	41.5		(123.2		)
Total assets	$	3,024.4	$	2,963.7


(1)	Businesses sold or classified as discontinued operations

DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The table below includes activity related to these operations:



	Three Months Ended March 31,
	2016		2015
External sales:
Commercial Products - Store Fixtures	$	—	$	6.2

Earnings (loss):
Commercial Products - Store Fixtures	.1		.4
Subsequent activity related to previous divestitures	—		(.8		)
Earnings (loss) before interest and income taxes	.1		(.4		)
Income tax (expense) benefit	—		(.1		)
Earnings (loss) from discontinued operations, net of tax	$	.1	$	(.5	)

Assets Held for Sale

Net assets held for sale by segment were as follows:



	March 31, 2016						December 31, 2015
	Assets		Liabilities		Net Assets		Assets		Liabilities		Net Assets
Residential Furnishings	$	1.2	$	—	$	1.2	$	1.2	$	—	$	1.2
Commercial Products	2.9		—		2.9		4.0		—		4.0
Industrial Materials	3.2		—		3.2		3.2		—		3.2
Specialized Products	18.4		2.7		15.7		—		—		—
	$	25.7	$	2.7	$	23.0	$	8.4	$	—	$	8.4

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



	March 31, 2016		December 31, 2015
Current assets held for sale not associated with discontinued operations (included in "Other current assets") (1)	$	5.7	$	—
Non-current assets held for sale not associated with discontinued operations (included in "Sundry") (1) (2)	20.0		8.4
Total assets held for sale	25.7		8.4

Current liabilities held for sale not associated with discontinued operations (included in "Other current liabilities") (1)	2.7		—
Total liabilities held for sale	2.7		—

Net assets held for sale	$	23.0	$	8.4

(1) One Commercial Vehicle Products (CVP) operation within the Specialized Products segment reached held-for-sale status in the first

quarter of 2016, but did not qualify for discontinued operations treatment.

(2) This table includes $7.3 and $8.4 of property, plant and equipment held for sale at March 31, 2016, and December 31, 2015, respectively,

primarily associated with the closings of various operations and prior year restructurings.

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760

+ Details

IMPAIRMENT CHARGES (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Summary Of Impairment Charges On Continued And Discontinued Operations



	Three Months Ended March 31,
	2016						2015
	Goodwill Impairment		Other Long-Lived Assets Impairments		Total Impairments		Goodwill Impairment		Other Long-Lived Assets Impairments		Total Impairments
Continuing operations:
Residential Furnishings	$	—	$	—	$	—	$	—	$	.2	$	.2
Industrial Materials - Steel Tubing	—		—		—		4.1		1.4		5.5
Total continuing operations	—		—		—		4.1		1.6		5.7
Discontinued operations:
Subsequent activity related to previous divestitures	—		—		—		—		.2		.2
Total discontinued operations	—		—		—		—		.2		.2
Total impairment charges	$	—	$	—	$	—	$	4.1	$	1.8	$	5.9

Schedule Of Goodwill Impairment Charges



Excess of Fair Value over Carrying Value as a Percentage of Fair Value	March 31, 2016 Goodwill Value		10-year Compound Annual Growth Rate Range for Sales		Terminal Values Long- term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
< 25%	$	—	—	%	—	%	—	%
25% - 49%	—		—	%	—	%	—	%
50% - 74%	595.4		.6% - 7.0%		3.0	%	8.0% - 12.5%
75%+	221.6		3.1% - 10.9%		3.0	%	8.0% - 9.0%
	$	817.0	.6% - 10.9%		3.0	%	8.0% - 12.5%

EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share



	Three Months Ended March 31,
	2016			2015
Earnings:
Earnings from continuing operations	$	91.0		$	73.3
(Earnings) attributable to noncontrolling interest, net of tax	(1.6		)	(1.1		)
Net earnings from continuing operations attributable to Leggett & Platt, Inc. common shareholders	89.4			72.2
Earnings (loss) from discontinued operations, net of tax	.1			(.5		)
Net earnings attributable to Leggett & Platt, Inc. common shareholders	$	89.5		$	71.7

Weighted average number of shares (in millions):
Weighted average number of common shares used in basic EPS	139.1			141.9
Dilutive effect of stock-based compensation	2.1			1.9
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	141.2			143.8

Basic and Diluted EPS:
Basic EPS attributable to Leggett & Platt, Inc. common shareholders
Continuing operations	$	.64		$	.51
Discontinued operations	—			—
Basic EPS attributable to Leggett & Platt, Inc. common shareholders	$	.64		$	.51
Diluted EPS attributable to Leggett & Platt, Inc. common shareholders
Continuing operations	$	.63		$	.50
Discontinued operations	—			—
Diluted EPS attributable to Leggett & Platt, Inc. common shareholders	$	.63		$	.50

Other information:
Anti-dilutive shares excluded from diluted EPS computation	—			—

ACCOUNTS AND OTHER RECEIVABLES (Tables)

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Components of Accounts and Other Receivables

Accounts and other receivables consisted of the following:



	March 31, 2016						December 31, 2015
	Current			Long-term			Current			Long-term
Trade accounts receivable	$	484.8		$	—		$	457.5		$	—
Trade notes receivable	1.3			.6			.5			.6
Total trade receivables	486.1			.6			458.0			.6
Other notes receivable:
Other	—			.4			—			.4
Income tax receivables	11.6			—			32.6			—
Other receivables	43.9			—			38.9			—
Subtotal other receivables	55.5			.4			71.5			.4
Total trade and other receivables	541.6			1.0			529.5			1.0
Allowance for doubtful accounts:
Trade accounts receivable	(10.2		)	—			(9.2		)	—
Trade notes receivable	(.1		)	(.2		)	(.1		)	(.2		)
Total trade receivables	(10.3		)	(.2		)	(9.3		)	(.2		)
Other notes receivable	—			(.4		)	—			(.4		)
Total allowance for doubtful accounts	(10.3		)	(.6		)	(9.3		)	(.6		)
Total net receivables	$	531.3		$	.4		$	520.2		$	.4

Allowance for Doubtful Accounts

Activity related to the allowance for doubtful accounts is reflected below:



	Balance at December 31, 2015		2016 Charges		2016 Charge- offs, Net of Recoveries		Balance at March 31, 2016
Trade accounts receivable	$	9.2	$	1.2	$	.2	$	10.2
Trade notes receivable	.3		—		—		.3
Total trade receivables	9.5		1.2		.2		10.5
Other notes receivable	.4		—		—		.4
Total allowance for doubtful accounts	$	9.9	$	1.2	$	.2	$	10.9

STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Activity

The following table recaps the components of stock-based and stock-related compensation for each period presented:



	Three Months Ended March 31, 2016				Three Months Ended March 31, 2015
	To be settled with stock		To be settled in cash		To be settled with stock		To be settled in cash
Options:
Amortization of the grant date fair value	$	.9	$	—	$	.1	$	—
Cash payments in lieu of options	—		1.1		—		1.0
Stock-based retirement plans contributions	1.8		.4		2.2		.4
Discounts on various stock awards:
Deferred Stock Compensation Program	.6		—		.6		—
Stock-based retirement plans	.4		—		.4		—
Discount Stock Plan	.3		—		.3		—
Performance Stock Unit awards (1)	1.2		2.2		1.6		2.9
Restricted Stock Unit awards	.8		—		.9		—
Profitable Growth Incentive awards (2)	1.6		1.2		1.9		1.7
Other, primarily non-employee directors restricted stock	.3		—		.4		—
Total stock-related compensation expense	7.9		$	4.9	8.4		$	6.0
Employee contributions for above stock plans	4.5				3.8
Total stock-based compensation	$	12.4			$	12.2
Tax benefits on stock-based compensation expense	$	2.9			$	3.2
Tax benefits on stock-based compensation payments (See Note 2)	5.8				—
Total tax benefits associated with stock-based compensation	$	8.7			$	3.2

Included below is the activity in our most significant stock-based plans:

(1) Performance Stock Unit Awards


•	A service requirement—Awards generally “cliff” vest three years following the grant date; and

•

Grant date fair values are calculated using a Monte Carlo simulation of stock and volatility data for Leggett and each of the peer companies.

Below is a summary of the number of shares and related grant date fair value of PSU’s for the periods presented.



	Three Months Ended March 31,
	2016			2015
Total shares base award	.1			.2
Grant date per share fair value	$	40.16		$	42.22
Risk-free interest rate	1.3		%	1.1		%
Expected life in years	3.0			3.0
Expected volatility (over expected life)	19.2		%	19.8		%
Expected dividend yield (over expected life)	3.1		%	2.9		%

Three-Year Performance Cycle

Award Year

Completion Date

TSR Performance

Relative to the Peer Group (1%=Best)

Payout as a

Percent of the

Base Award

Number of Shares

Distributed

Cash Portion

Distribution Date

2012

December 31, 2014

30th percentile

157.0%

.4 million

9.9

January 2015

2013

December 31, 2015

27th percentile

165.4%

.4 million

8.5

January 2016

(2) Profitable Growth Incentive Awards

Two-Year Performance Cycle

Award Year

Completion Date

Average Payout as a

Percent of the

Base Award

Number of Shares

Distributed

Cash Portion

Distribution Date

2013

December 31, 2014

127.0%

.1 million

3.5

February 2015

2014

December 31, 2015

224.7%

.2 million

6.7

February 2016

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions



	Three Months Ended March 31,
	2016			2015
Total shares base award	.1			.2
Grant date per share fair value	$	40.16		$	42.22
Risk-free interest rate	1.3		%	1.1		%
Expected life in years	3.0			3.0
Expected volatility (over expected life)	19.2		%	19.8		%
Expected dividend yield (over expected life)	3.1		%	2.9		%

Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Performance Based Units

Three-Year Performance Cycle

Award Year

Completion Date

TSR Performance

Relative to the Peer Group (1%=Best)

Payout as a

Percent of the

Base Award

Number of Shares

Distributed

Cash Portion

Distribution Date

2012

December 31, 2014

30th percentile

157.0%

.4 million

9.9

January 2015

2013

December 31, 2015

27th percentile

165.4%

.4 million

8.5

January 2016

ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Estimated Fair Values Of The Assets Acquired And Liabilities Assumed



	Three Months Ended March 31,
	2016			2015
Accounts receivable	$	1.3		$	3.7
Inventory	4.4			4.9
Property, plant and equipment	2.2			1.9
Goodwill (1)	3.4			8.4
Other intangible assets	7.4			14.8
Current liabilities	(1.9		)	(11.1		)
Long-term liabilities	(.4		)	(10.4		)
Net cash consideration	$	16.4		$	12.2

(1) All of the goodwill associated with the 2016 and 2015 acquisitions is expected to provide an income tax benefit.

The following table summarizes acquisitions for the periods presented.

EMPLOYEE BENEFIT PLANS (Tables)

3 Months Ended

Mar. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Components of Net Pension (Expense) Income



	Three Months Ended March 31,
	2016			2015
Components of net pension expense
Service cost	$	1.2		$	1.0
Interest cost	2.9			3.3
Expected return on plan assets	(3.3		)	(4.2		)
Recognized net actuarial loss	1.2			1.5
Net pension expense	$	2.0		$	1.6

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

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Statement of Changes in Equity and Accumulated Other Comprehensive Income



	Three Months Ended March 31, 2016
	Total Equity			Retained Earnings			Common Stock & Additional Contributed Capital			Treasury Stock			Noncontrolling Interest			Accumulated Other Comprehensive Income (Loss)
Beginning balance, January 1, 2016	$	1,097.7		$	2,209.2		$	531.5		$	(1,564.0	)	$	12.1		$	(91.1	)
Net earnings	91.1			91.1			—			—			—			—
(Earnings) loss attributable to noncontrolling interest, net of tax	—			(1.6		)	—			—			1.6			—
Dividends declared	(43.0		)	(44.3		)	1.3			—			—			—
Dividends paid to noncontrolling interest	(1.6		)	—			—			—			(1.6		)	—
Treasury stock purchased	(107.2		)	—			—			(107.2		)	—			—
Treasury stock issued	12.7			—			(14.6		)	27.3			—			—
Foreign currency translation adjustments	22.4			—			—			—			—			22.4
Cash flow hedges, net of tax	6.5			—			—			—			—			6.5
Defined benefit pension plans, net of tax	.7			—			—			—			—			.7
Stock options and benefit plan transactions, net of tax	11.9			—			11.9			—			—			—
Ending balance, March 31, 2016	$	1,091.2		$	2,254.4		$	530.1		$	(1,643.9	)	$	12.1		$	(61.5	)



	Three Months Ended March 31, 2015
	Total Equity			Retained Earnings			Common Stock & Additional Contributed Capital			Treasury Stock			Noncontrolling Interest		Accumulated Other Comprehensive Income (Loss)
Beginning balance, January 1, 2015	$	1,154.9		$	2,061.3		$	504.4		$	(1,416.6	)	$	8.4	$	(2.6	)
Net earnings	72.8			72.8			—			—			—		—
(Earnings) loss attributable to noncontrolling interest, net of tax	—			(1.1		)	—			—			1.1		—
Dividends declared	(42.7		)	(44.0		)	1.3			—			—		—
Treasury stock purchased	(68.9		)	—			—			(68.9		)	—		—
Treasury stock issued	15.9			—			(19.5		)	35.4			—		—
Foreign currency translation adjustments	(37.8		)	—			—			—			—		(37.8		)
Cash flow hedges, net of tax	(1.7		)	—			—			—			—		(1.7		)
Defined benefit pension plans, net of tax	1.3			—			—			—			—		1.3
Stock options and benefit plan transactions, net of tax	22.6			—			22.6			—			—		—
Ending balance, March 31, 2015	$	1,116.4		$	2,089.0		$	508.8		$	(1,450.1	)	$	9.5	$	(40.8	)

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

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



	Foreign Currency Translation Adjustments			Cash Flow Hedges			Defined Benefit Pension Plans			Accumulated Other Comprehensive Income (Loss)
Beginning balance, January 1, 2016	$	(4.8	)	$	(28.2	)	$	(58.1	)	$	(91.1	)
Other comprehensive income (loss) before reclassifications, pretax	22.4			4.9			(.1		)	27.2
Amounts reclassified from accumulated other comprehensive income, pretax:
Net sales	—			2.7			—			2.7
Cost of goods sold; selling and administrative expenses	—			.1			1.2			1.3
Interest expense	—			1.0			—			1.0
Subtotal of reclassifications, pretax	—			3.8			1.2			5.0
Other comprehensive income (loss), pretax	22.4			8.7			1.1			32.2
Income tax effect	—			(2.2		)	(.4		)	(2.6		)
Attributable to noncontrolling interest	—			—			—			—
Ending balance, March 31, 2016	$	17.6		$	(21.7	)	$	(57.4	)	$	(61.5	)

Beginning balance, January 1, 2015	$	86.8		$	(20.1	)	$	(69.3	)	$	(2.6	)
Other comprehensive income (loss) before reclassifications, pretax	(37.8		)	(2.8		)	.4			(40.2		)
Amounts reclassified from accumulated other comprehensive income, pretax:
Net sales	—			(.2		)	—			(.2		)
Cost of goods sold; selling and administrative expenses	—			—			1.5			1.5
Interest expense	—			1.0			—			1.0
Subtotal of reclassifications, pretax	—			.8			1.5			2.3
Other comprehensive income (loss), pretax	(37.8		)	(2.0		)	1.9			(37.9		)
Income tax effect	—			.3			(.6		)	(.3		)
Attributable to noncontrolling interest	—			—			—			—
Ending balance, March 31, 2015	$	49.0		$	(21.8	)	$	(68.0	)	$	(40.8	)

FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Items Measured at Fair Value on a Recurring Basis



	As of March 31, 2016
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	105.1	$	—	$	105.1
Derivative assets (Note 14)	—		.8		—		.8
Diversified investments associated with the Executive Stock Unit Program (ESUP)* (Note 9)	24.2		—		—		24.2
Total assets	$	24.2	$	105.9	$	—	$	130.1
Liabilities:
Derivative liabilities* (Note 14)	$	—	$	6.6	$	—	$	6.6
Liabilities associated with the ESUP* (Note 9)	24.1		—		—		24.1
Total liabilities	$	24.1	$	6.6	$	—	$	30.7



	As of December 31, 2015
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	176.0	$	—	$	176.0
Derivative assets (Note 14)	—		.6		—		.6
Diversified investments associated with the ESUP* (Note 9)	22.0		—		—		22.0
Total assets	$	22.0	$	176.6	$	—	$	198.6
Liabilities:
Derivative liabilities* (Note 14)	$	—	$	14.8	$	—	$	14.8
Liabilities associated with the ESUP* (Note 9)	22.2		—		—		22.2
Total liabilities	$	22.2	$	14.8	$	—	$	37.0

* - Includes both current and long-term amounts combined.

RISK MANAGEMENT AND DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments at Fair Value

We hav

Gains (Losses) of Hedging Activities Recorded in Income



	Income Statement Caption	Amount of (Gain) Loss Recorded in Income March 31,
	Income Statement Caption	2016			2015
Derivatives designated as hedging instruments
Interest rate cash flow hedges	Interest expense	$	1.0		$	1.0
Foreign currency cash flow hedges	Net sales	3.1
Foreign currency cash flow hedges	Cost of goods sold	.1			(.4		)
Total cash flow hedges		4.2			.6
Fair value hedges	Other (income) expense, net	(1.3		)	.7
Derivatives not designated as hedging instruments
Hedge of USD cash-UK and Swiss subsidiaries	Other (income) expense, net	—			(.1		)
Hedge of EUR cash-USD, UK and Swiss subsidiaries	Other (income) expense, net	(.2		)	.7
Hedge of DKK cash-USD subsidiary	Other (income) expense, net	.1			—
Non-deliverable hedge on USD exposure to CNY	Other (income) expense, net	(.1		)	—
Non-deliverable hedge on EUR exposure to CNY	Other (income) expense, net	(.1		)	—
Non-deliverable hedge on JPY exposure to CNY	Other (income) expense, net	(.1		)	—
Total derivative instruments		$	2.5		$	1.9

CONTINGENCIES Contingencies (Tables)

3 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Litigation Contingency Accruals



	Three Months Ended March 31,
	2016			2015
Litigation contingency accrual - Beginning of period	$	8.1		$	83.9
Adjustment to accruals - expense (income) - Continuing operations	—			(.1		)
Cash payments	(4.0		)	(1.7		)
Litigation contingency accrual - End of period	$	4.1		$	82.1

- Definition

Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14472-108349

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12021-110248

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14453-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12053-110248

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14394-108349

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14326-108349

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14557-108349

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14615-108349

+ Details

NEW ACCOUNTING GUIDANCE (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Item Effected [Line Items]
Tax benefits on stock-based compensation expense	$ 8.7	$ 3.2
Average diluted shares outstanding	141.2	143.8
Accounting Standards Update 2016-09
Item Effected [Line Items]
Tax benefits on stock-based compensation expense	$ 5.8
Average diluted shares outstanding	0.5

LIFO Expense (Detail) - USD ($) $ in Millions	3 Months Ended
LIFO Expense (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Mar. 31, 2015
Inventory Disclosure [Abstract]
Percentage of LIFO inventory	50.00%
LIFO benefit	$ 0.0	$ 5.0

Summary of Segment Results from Continuing Operations (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($) Segment	Mar. 31, 2015 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| Segment	4
Net sales	$ 938.4	$ 966.2
Total Sales	1,056.6	1,102.3
EBIT	127.1	111.7
Change in LIFO reserve	0.0	5.0
Residential Furnishings
Segment Reporting Information [Line Items]
Net sales	481.4	506.0
Total Sales	488.9	513.6
EBIT	47.7	52.1
Commercial Products
Segment Reporting Information [Line Items]
Net sales	141.3	123.5
Total Sales	161.5	141.0
EBIT	13.8	8.0
Industrial Materials
Segment Reporting Information [Line Items]
Net sales	77.1	117.7
Total Sales	157.2	219.2
EBIT	20.1	8.0
Specialized Products
Segment Reporting Information [Line Items]
Net sales	238.6	219.0
Total Sales	249.0	228.5
EBIT	46.3	39.3
Intersegment eliminations
Segment Reporting Information [Line Items]
Net sales	118.2	136.1
Intersegment eliminations and other	(0.8)	(0.7)
Intersegment eliminations \| Residential Furnishings
Segment Reporting Information [Line Items]
Net sales	7.5	7.6
Intersegment eliminations \| Commercial Products
Segment Reporting Information [Line Items]
Net sales	20.2	17.5
Intersegment eliminations \| Industrial Materials
Segment Reporting Information [Line Items]
Net sales	80.1	101.5
Intersegment eliminations \| Specialized Products
Segment Reporting Information [Line Items]
Net sales	$ 10.4	$ 9.5

Average Assets for Segments (Detail) - USD ($)
$ in Millions

Mar. 31, 2016

Dec. 31, 2015

Segment Reporting Information [Line Items]

Assets

$ 3,024.4

$ 2,963.7

Residential Furnishings

Segment Reporting Information [Line Items]

Assets

597.7

623.7

Commercial Products

Segment Reporting Information [Line Items]

Assets

121.4

110.2

Industrial Materials

Segment Reporting Information [Line Items]

Assets

151.0

186.7

Specialized Products

Segment Reporting Information [Line Items]

Assets

256.6

256.4

Industrial Materials - Steel Tubing

Segment Reporting Information [Line Items]

Assets

^[1]

0.6

6.3

Average current liabilities included in segment numbers above

Segment Reporting Information [Line Items]

Assets

481.2

516.6

Unallocated assets

Segment Reporting Information [Line Items]

Assets

^[2]

1,374.4

1,387.0

Difference between average assets and period-end balance sheet

Segment Reporting Information [Line Items]

Assets

$ 41.5

$ (123.2)

[1]	Businesses sold or classified as discontinued operations
[2]	Unallocated assets consist primarily of goodwill, other intangibles, cash and deferred tax assets.

Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		24 Months Ended
Discontinued Operations (Details) - USD ($) $ in Millions	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration received upon sale of discontinued operations			$ 72.0
Goodwill impairment	$ 0.0	$ 4.1
Earnings (loss) before interest and income taxes	0.1	(0.4)
Income tax (expense) benefit	0.0	(0.1)
Earnings (loss) from discontinued operations, net of tax	0.1	(0.5)
Commercial Products \| Commercial Products - Store Fixtures
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
External sales:	0.0	6.2
Earnings (loss) before interest and income taxes	0.1	0.4
Subsequent activity related to previous divestitures
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Earnings (loss) before interest and income taxes	0.0	(0.8)
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| CVP Businesses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
External sales:	7.5	7.0
EBIT	$ 1.5	1.0
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| Small Operation Within CVP Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
External sales:		2.8
EBIT		(0.3)
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| Steel Tubing Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
External sales:		24.8
EBIT		$ 0.8

DISCONTINUED OPERATIONS Net Assets Held for Sale by Segment (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets	$ 25.7	$ 8.4
Liabilities	2.7	0.0
Net Assets	23.0	8.4
Residential Furnishings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets	1.2	1.2
Liabilities	0.0	0.0
Net Assets	1.2	1.2
Commercial Products
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets	2.9	4.0
Liabilities	0.0	0.0
Net Assets	2.9	4.0
Industrial Materials
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets	3.2	3.2
Liabilities	0.0	0.0
Net Assets	3.2	3.2
Specialized Products
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets	18.4	0.0
Liabilities	2.7	0.0
Net Assets	$ 15.7	$ 0.0

DISCONTINUED OPERATIONS Major classes of assets and liabilities held for sale (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale not associated with discontinued operations (included in Other current assets) (1)	$ 5.7	$ 0.0
Non-current assets held for sale not associated with discontinued operations (included in Sundry) (1) (2)	20.0	8.4
Total assets held for sale	25.7	8.4
Current liabilities held for sale not associated with discontinued operations (included in Other current liabilities) (1)	2.7	0.0
Total liabilities held for sale	2.7	0.0
Net Assets	23.0	8.4
Disposal Group, Discontinued operation real property	$ 7.3	$ 8.4

Impairment Charges Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment	$ 0.0	$ 4.1

Impairment Charges (Summary of Impairment Charges On Continued and Discontinued Operations) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Goodwill [Line Items]
Goodwill Impairment	$ 0.0	$ 4.1
Other Long-Lived Assets Impairments	0.0	1.8
Total Impairments	0.0	5.9
Continuing Operations [Member]
Goodwill [Line Items]
Goodwill Impairment	0.0	4.1
Other Long-Lived Assets Impairments	0.0	1.6
Total Impairments	0.0	5.7
Continuing Operations [Member] \| Residential Furnishings
Goodwill [Line Items]
Goodwill Impairment	0.0	0.0
Other Long-Lived Assets Impairments	0.0	0.2
Total Impairments	0.0	0.2
Continuing Operations [Member] \| Industrial Materials
Goodwill [Line Items]
Goodwill Impairment	0.0	4.1
Other Long-Lived Assets Impairments	0.0	1.4
Total Impairments	0.0	5.5
Discontinued Operations [Member]
Goodwill [Line Items]
Goodwill Impairment	0.0	0.0
Other Long-Lived Assets Impairments	0.0	0.2
Total Impairments	0.0	0.2
Discontinued Operations [Member] \| Subsequent activity related to previous divestitures
Goodwill [Line Items]
Goodwill Impairment	0.0	0.0
Other Long-Lived Assets Impairments	0.0	0.2
Total Impairments	$ 0.0	$ 0.2

Impairment Charges (Components of Fair Values in Relation to Their Respective Carrying Values) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Goodwill [Line Items]
Goodwill	$ 817.0	$ 806.1
Terminal Values Long- term Growth Rate for Debt-Free Cash Flow	3.00%
Less than 25%
Goodwill [Line Items]
Goodwill	$ 0.0
Terminal Values Long- term Growth Rate for Debt-Free Cash Flow	0.00%
25% - 49%
Goodwill [Line Items]
Goodwill	$ 0.0
50% - 74%
Goodwill [Line Items]
Goodwill	595.4
75% Plus
Goodwill [Line Items]
Goodwill	$ 221.6
Terminal Values Long- term Growth Rate for Debt-Free Cash Flow	3.00%
Maximum
Goodwill [Line Items]
10-year Compound Annual Growth Rate Range for Sales	10.90%
Discount Rate Ranges	12.50%
Maximum \| Less than 25%
Goodwill [Line Items]
Excess of Fair Value over Carrying Value as a Percentage of Fair Value	25.00%
Maximum \| 25% - 49%
Goodwill [Line Items]
Excess of Fair Value over Carrying Value as a Percentage of Fair Value	49.00%
10-year Compound Annual Growth Rate Range for Sales
Discount Rate Ranges
Maximum \| 50% - 74%
Goodwill [Line Items]
Excess of Fair Value over Carrying Value as a Percentage of Fair Value	74.00%
10-year Compound Annual Growth Rate Range for Sales	7.00%
Discount Rate Ranges	12.50%
Maximum \| 75% Plus
Goodwill [Line Items]
10-year Compound Annual Growth Rate Range for Sales	10.90%
Discount Rate Ranges	9.00%
Minimum
Goodwill [Line Items]
10-year Compound Annual Growth Rate Range for Sales	0.60%
Discount Rate Ranges	8.00%
Minimum \| 25% - 49%
Goodwill [Line Items]
Excess of Fair Value over Carrying Value as a Percentage of Fair Value	25.00%
10-year Compound Annual Growth Rate Range for Sales
Minimum \| 50% - 74%
Goodwill [Line Items]
Excess of Fair Value over Carrying Value as a Percentage of Fair Value	50.00%
10-year Compound Annual Growth Rate Range for Sales	0.60%
Discount Rate Ranges	8.00%
Minimum \| 75% Plus
Goodwill [Line Items]
Excess of Fair Value over Carrying Value as a Percentage of Fair Value	75.00%
10-year Compound Annual Growth Rate Range for Sales	3.10%
Discount Rate Ranges	8.00%

Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net earnings	$ 91.0	$ 73.3
(Earnings) attributable to noncontrolling interest, net of tax	(1.6)	(1.1)
Net earnings from continuing operations attributable to Leggett & Platt, Inc. common shareholders	89.4	72.2
Earnings (loss) from discontinued operations, net of tax	0.1	(0.5)
Net earnings attributable to Leggett & Platt, Inc. common shareholders	$ 89.5	$ 71.7
Weighted average number of shares:
Weighted average number of common shares used in basic EPS	139.1	141.9
Additional dilutive shares principally from the assumed exercise of outstanding stock options	2.1	1.9
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	141.2	143.8
Earnings Per Share, Basic [Abstract]
Continuing Operations (in dollars per share)	$ 0.64	$ 0.51
Discontinued operations (in dollars per share)	0.00	0.00
Basic (in dollars per share)	0.64	0.51
Diluted EPS attributable to Leggett & Platt, Inc. common shareholders
Continuing operations (in dollars per share)	0.63	0.50
Discontinued operations (in dollars per share)	0.00	0.00
Diluted (in dollars per share)	$ 0.63	$ 0.50
Other information:
Anti-dilutive shares excluded from diluted EPS computation	0.0	0.0

Components of Accounts and Other Receivables (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current
Trade accounts receivable	$ 484.8	$ 457.5
Trade notes receivable	1.3	0.5
Total trade receivables	486.1	458.0
Other notes receivable:
Other	0.0	0.0
Income tax receivables	11.6	32.6
Other receivables	43.9	38.9
Subtotal other receivables	55.5	71.5
Total trade and other receivables	541.6	529.5
Allowance for doubtful accounts:
Trade accounts receivable	(10.2)	(9.2)
Trade notes receivable	(0.1)	(0.1)
Total trade receivables	(10.3)	(9.3)
Other notes receivable	0.0	0.0
Total allowance for doubtful accounts	(10.3)	(9.3)
Total net receivables	531.3	520.2
Long-term
Trade accounts receivable	0.0	0.0
Trade notes receivable	0.6	0.6
Total trade receivables	0.6	0.6
Other notes receivable:
Other	0.4	0.4
Income tax receivables	0.0	0.0
Other receivables	0.0	0.0
Subtotal other receivables	0.4	0.4
Total trade and other receivables	1.0	1.0
Allowance for doubtful accounts:
Trade accounts receivable	0.0	0.0
Trade notes receivable	(0.2)	(0.2)
Total trade receivables	(0.2)	(0.2)
Other notes receivable	(0.4)	(0.4)
Total allowance for doubtful accounts	(0.6)	(0.6)
Total net receivables	$ 0.4	$ 0.4

Allowance for Doubtful Account (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at December 31, 2015	$ 9.9
2016 Charges	1.2	$ 1.5
2016 Charge- offs, Net of Recoveries	0.2
Balance at March 31, 2016	10.9
Total trade receivables
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at December 31, 2015	9.5
2016 Charges	1.2
2016 Charge- offs, Net of Recoveries	0.2
Balance at March 31, 2016	10.5
Trade accounts receivable
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at December 31, 2015	9.2
2016 Charges	1.2
2016 Charge- offs, Net of Recoveries	(0.2)
Balance at March 31, 2016	10.2
Notes Receivable [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at December 31, 2015	0.3
2016 Charges	0.0
2016 Charge- offs, Net of Recoveries	0.0
Balance at March 31, 2016	0.3
Other notes receivable
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at December 31, 2015	0.4
2016 Charges	0.0
2016 Charge- offs, Net of Recoveries	0.0
Balance at March 31, 2016	$ 0.4

Components of Stock Based Compensation (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 12.4	$ 12.2
Tax benefits on stock-based compensation expense	8.7	3.2
To be settled with stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	7.9	8.4
Employee contributions for above stock plans	4.5	3.8
Total stock-based compensation	12.4	12.2
Tax benefits on stock-based compensation expense	2.9	3.2
To be settled with stock \| Amortization of the grant date fair value
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.9	0.1
To be settled with stock \| Cash payments in lieu of options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.0	0.0
To be settled with stock \| Stock-based retirement plans contributions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	1.8	2.2
To be settled with stock \| Deferred Stock Compensation Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.6	0.6
To be settled with stock \| Stock-based retirement plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.4	0.4
To be settled with stock \| Discount Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.3	0.3
To be settled with stock \| Performance Stock Unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	1.2	1.6
To be settled with stock \| Restricted Stock Unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.8	0.9
To be settled with stock \| Profitable Growth Incentive awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	1.6	1.9
To be settled with stock \| Other, primarily non-employee directors restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.3	0.4
To be settled in cash
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	4.9	6.0
To be settled in cash \| Amortization of the grant date fair value
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.0	0.0
To be settled in cash \| Cash payments in lieu of options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	1.1	1.0
To be settled in cash \| Stock-based retirement plans contributions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.4	0.4
To be settled in cash \| Deferred Stock Compensation Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.0	0.0
To be settled in cash \| Stock-based retirement plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.0	0.0
To be settled in cash \| Discount Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.0	0.0
To be settled in cash \| Performance Stock Unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	2.2	2.9
To be settled in cash \| Restricted Stock Unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.0	0.0
To be settled in cash \| Profitable Growth Incentive awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	1.2	1.7
To be settled in cash \| Other, primarily non-employee directors restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense	0.0	0.0
Accounting Standards Update 2016-09
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefits on stock-based compensation expense	5.8
Accounting Standards Update 2016-09 \| To be settled with stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefits on stock-based compensation expense	$ 5.8	$ 0.0

Stock Based Compensation - Additional Information (Detail) shares in Millions	3 Months Ended
	Mar. 31, 2016 company shares
Growth Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award performance period	2 years
Share-based Compensation Arrangement by Share-based Payment Award, Base Target Share Award \| shares	0.1
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Cash Payout Ratio	100.00%
Growth Performance Stock Units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	0.00%
Growth Performance Stock Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	250.00%
Deferred Stock Compensation Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Granted, Deferred Compensation Multiplier	500.00%
Share-based Compensation Arrangement by Share-based Payment Awards, Discount from Market Price, Acquisition Interval	14 days
Performance Stock Unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Award performance period	3 years
Number of companies forming peer group \| company	320
Percentage of award intended to pay out in stock	65.00%
Reserved percentage of award intended to pay out in cash	100.00%
Percentage recorded as a liability	35.00%
Performance Stock Unit awards \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base award percentage of Total Shareholder Return	0.00%
Performance Stock Unit awards \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base award percentage of Total Shareholder Return	175.00%

Calculation and Assumptions Utilized in Calculation of Fair Values of Options Granted (Detail) - Performance Stock Unit - $ / shares shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares base award	0.1	0.2
Grant date per share fair value (in dollars per share)	$ 40.16	$ 42.22
Risk-free interest rate	1.30%	1.10%
Expected life in years	3 years	3 years
Expected volatility (over expected life)	19.20%	19.80%
Expected dividend yield (over expected life)	3.10%	2.90%

STOCK-BASED COMPENSATION Performance Awards (Details) - USD ($) shares in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
3 year performance cycle, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
TSR Performance Relative to the Peer Group (1%Best)		30.00%
Payout as a Percent of the Base Award		157.00%
Number of Shares Distributed		0.4
Cash Portion		$ 9.9
3 year performance cycle, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
TSR Performance Relative to the Peer Group (1%Best)	27.00%
Payout as a Percent of the Base Award	165.40%
Number of Shares Distributed	0.4
Cash Portion	$ 8,500.0
2 year performance cycle, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Two year Performance Cycle Payout As A Percent Of The Base Award		127.00%
Number of Shares Distributed		0.1
Cash Portion		$ 3.5
2 year performance cycle, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Two year Performance Cycle Payout As A Percent Of The Base Award	224.70%
Number of Shares Distributed	0.2
Cash Portion	$ 6.7

Acquisitions (Estimated Fair Values Of The Assets Acquired And Liabilities Assumed) (Details) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Dec. 31, 2015

Business Acquisition [Line Items]

Goodwill

$ 817.0

$ 806.1

Series of Individually Immaterial Business Acquisitions

Business Acquisition [Line Items]

Accounts receivable

1.3

$ 3.7

Inventory

4.4

4.9

Property, plant and equipment

2.2

1.9

Goodwill

^[1]

3.4

8.4

Other intangible assets

7.4

14.8

Current liabilities

(1.9)

(11.1)

Long-term liabilities

(0.4)

(10.4)

Net cash consideration

$ 16.4

$ 12.2

[1]	oodwill associated with the 2016 and 2015 acquisitions is expected to provide an income tax benefit.

Acquisitions (Purchase Price Allocations Related To Acquisitions) (Details) $ in Millions	1 Months Ended	3 Months Ended
	Feb. 29, 2016 USD ($)	Mar. 31, 2016 USD ($) acquisition	Mar. 31, 2015 USD ($) acquisition	Dec. 31, 2015 USD ($)
Business Acquisition [Line Items]
Goodwill		$ 817.0		$ 806.1
Percentage of voting interest acquired			70.00%
Percentage of voting interest remaining that is expected to be acquired			30.00%
Fabricated tubing and pipe assemblies \| Specialized Products
Business Acquisition [Line Items]
Number of Acquisitions \| acquisition		1
Upholstered office furniture \| Commercial Products
Business Acquisition [Line Items]
Number of Acquisitions \| acquisition			1
US Fabricated Tubing Business
Business Acquisition [Line Items]
Purchase price	$ 16.4
Goodwill acquired	$ 3.4
European Private-Label Manufacturer
Business Acquisition [Line Items]
Purchase price			$ 0.0
Contingent consideration, long-term liability			$ 11.0

Components of Net Pension (Expense) Income (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Expected employer contribution	$ 1.8
Components of net pension expense
Service cost	1.2	$ 1.0
Interest cost	2.9	3.3
Expected return on plan assets	(3.3)	(4.2)
Recognized net actuarial loss	1.2	1.5
Net pension expense	$ 2.0	$ 1.6

Statement of Changes in Equity and Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 1,097.7	$ 1,154.9
Net earnings	91.1	72.8
(Earnings) attributable to noncontrolling interest, net of tax	(1.6)	(1.1)
Dividends declared	(43.0)	(42.7)
Dividends paid to noncontrolling interest	(1.6)
Treasury stock purchased	(107.2)	(68.9)
Treasury stock issued	12.7	15.9
Foreign currency translation adjustments	22.4	(37.8)
Cash flow hedges, net of tax	6.5	(1.7)
Defined benefit pension plans, net of tax	0.7	1.3
Stock options and benefit plan transactions, net of tax	11.9	22.6
Ending balance	1,091.2	1,116.4
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	2,209.2	2,061.3
Net earnings	91.1	72.8
(Earnings) attributable to noncontrolling interest, net of tax	(1.6)	(1.1)
Dividends declared	(44.3)	(44.0)
Ending balance	2,254.4	2,089.0
Common Stock & Additional Contributed Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	531.5	504.4
Dividends declared	1.3	1.3
Treasury stock issued	(14.6)	(19.5)
Stock options and benefit plan transactions, net of tax	11.9	22.6
Ending balance	530.1	508.8
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(1,564.0)	(1,416.6)
Treasury stock purchased	(107.2)	(68.9)
Treasury stock issued	27.3	35.4
Ending balance	(1,643.9)	(1,450.1)
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	12.1	8.4
(Earnings) attributable to noncontrolling interest, net of tax	1.6	1.1
Dividends declared	0.0
Dividends paid to noncontrolling interest	(1.6)
Foreign currency translation adjustments	0.0	0.0
Ending balance	12.1	9.5
Accumulated Other Comprehensive Income
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(91.1)	(2.6)
Foreign currency translation adjustments	22.4	(37.8)
Cash flow hedges, net of tax	6.5	(1.7)
Defined benefit pension plans, net of tax	0.7	1.3
Ending balance	$ (61.5)	$ (40.8)

Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance beginning of period	$ (91.1)	$ (2.6)
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss) before reclassifications, pretax	27.2	(40.2)
Other comprehensive income (loss), pretax	5.0	2.3
Other comprehensive income (loss), pretax	32.2	(37.9)
Income tax effect	(2.6)	(0.3)
Attributable to noncontrolling interest	0.0	0.0
Balance end of period	(61.5)	(40.8)
Net sales
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	2.7	(0.2)
Cost of goods sold; selling and administrative expenses
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	1.3	1.5
Interest expense
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	1.0	1.0
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance beginning of period	(4.8)	86.8
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss) before reclassifications, pretax	22.4	(37.8)
Other comprehensive income (loss), pretax	0.0	0.0
Other comprehensive income (loss), pretax	22.4	(37.8)
Income tax effect	0.0	0.0
Attributable to noncontrolling interest	0.0	0.0
Balance end of period	17.6	49.0
Foreign Currency Translation Adjustments \| Net sales
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	0.0	0.0
Foreign Currency Translation Adjustments \| Cost of goods sold; selling and administrative expenses
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	0.0	0.0
Foreign Currency Translation Adjustments \| Interest expense
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	0.0	0.0
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance beginning of period	(28.2)	(20.1)
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss) before reclassifications, pretax	4.9	(2.8)
Other comprehensive income (loss), pretax	3.8	0.8
Other comprehensive income (loss), pretax	8.7	(2.0)
Income tax effect	2.2	(0.3)
Attributable to noncontrolling interest	0.0	0.0
Balance end of period	(21.7)	(21.8)
Cash Flow Hedges \| Net sales
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	2.7	(0.2)
Cash Flow Hedges \| Cost of goods sold; selling and administrative expenses
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	0.1	0.0
Cash Flow Hedges \| Interest expense
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	1.0	1.0
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance beginning of period	(58.1)	(69.3)
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss) before reclassifications, pretax	(0.1)	0.4
Other comprehensive income (loss), pretax	1.2	1.5
Other comprehensive income (loss), pretax	1.1	1.9
Income tax effect	0.4	0.6
Attributable to noncontrolling interest	0.0	0.0
Balance end of period	(57.4)	(68.0)
Defined Benefit Pension Plans \| Net sales
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	0.0	0.0
Defined Benefit Pension Plans \| Cost of goods sold; selling and administrative expenses
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	1.2	1.5
Defined Benefit Pension Plans \| Interest expense
Other Comprehensive Income (Loss), before Tax Period Change [Abstract]
Other comprehensive income (loss), pretax	$ 0.0	$ 0.0

Items Measured at Fair Value on a Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($)
$ in Millions

Mar. 31, 2016

Dec. 31, 2015

Total

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivative assets (Note 14)

$ 0.8

$ 0.6

Total assets

130.1

198.6

Derivative liabilities (Note 14)

6.6

14.8

Total liabilities

30.7

37.0

Bank time deposits with original maturities of three months or less | Total

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Bank time deposits with original maturities of three months or less

105.1

176.0

Diversified investments associated with the Executive Stock Unit Program (ESUP) (Note 9) | Total

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Diversified investments associated with the Executive Stock Unit Program (ESUP) (Note 9)

24.2

^[1]

22.0

Liabilities Associated With Esup | Total

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total liabilities

^[1]

24.1

22.2

Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivative assets (Note 14)

0.0

Total assets

24.2

22.0

Derivative liabilities (Note 14)

0.0

Total liabilities

24.1

22.2

Level 1 | Bank time deposits with original maturities of three months or less

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Bank time deposits with original maturities of three months or less

0.0

Level 1 | Diversified investments associated with the Executive Stock Unit Program (ESUP) (Note 9)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Diversified investments associated with the Executive Stock Unit Program (ESUP) (Note 9)

24.2

^[1]

22.0

Level 1 | Liabilities Associated With Esup

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total liabilities

^[1]

24.1

22.2

Level 2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivative assets (Note 14)

0.8

0.6

Total assets

105.9

176.6

Derivative liabilities (Note 14)

6.6

14.8

Total liabilities

6.6

14.8

Level 2 | Bank time deposits with original maturities of three months or less

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Bank time deposits with original maturities of three months or less

105.1

176.0

Level 2 | Diversified investments associated with the Executive Stock Unit Program (ESUP) (Note 9)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Diversified investments associated with the Executive Stock Unit Program (ESUP) (Note 9)

0.0

^[1]

0.0

Level 2 | Liabilities Associated With Esup

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total liabilities

^[1]

0.0

Level 3

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivative assets (Note 14)

0.0

Total assets

0.0

Derivative liabilities (Note 14)

0.0

Total liabilities

0.0

Level 3 | Bank time deposits with original maturities of three months or less

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Bank time deposits with original maturities of three months or less

0.0

Level 3 | Diversified investments associated with the Executive Stock Unit Program (ESUP) (Note 9)

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Diversified investments associated with the Executive Stock Unit Program (ESUP) (Note 9)

0.0

^[1]

0.0

Level 3 | Liabilities Associated With Esup

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total liabilities

^[1]

$ 0.0

[1]	Includes both current and long-term amounts combined.

Fair Value - Additional Information (Detail) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Amount of transfers between Level 1 and Level 2	$ 0	$ 0
Fixed rate debt carrying value	750,000,000
Fixed rate debt difference between carrying value and fair value	$ 24,000,000	$ 13,000,000

Risk Management and Derivative Financial Instruments - Additional Information (Detail)	Aug. 15, 2012 USD ($)
Derivative [Line Items]
Liquidation of interest rate swap agreement	$ 42,700,000
Interest Rate Cash Flow Hedges
Derivative [Line Items]
Amount of debt hedged	200,000,000
3.40% Senior Notes due 2022 \| Senior Notes
Derivative [Line Items]
Aggregate principal of Senior Notes	$ 300,000,000
Debt instrument term	10 years
Interest rate on Senior Notes	3.40%

Gains (Losses) of Hedging Activities Recorded in Income (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	$ 2.5	$ 1.9
Derivatives designated as hedging instruments \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	4.2	0.6
Derivatives designated as hedging instruments \| Fair value hedges \| Other expense (income), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	1.3	(0.7)
Interest rate cash flow hedges \| Derivatives designated as hedging instruments \| Cash Flow Hedging \| Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	(1.0)	(1.0)
Currency cash flow hedges \| Derivatives designated as hedging instruments \| Cash Flow Hedging \| Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	(0.1)	0.4
Currency cash flow hedges \| Derivatives designated as hedging instruments \| Cash Flow Hedging \| Net sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	(3.1)
Hedge of USD Cash - UK and Swiss Subsidiaries \| Not Designated as Hedging Instrument \| Other expense (income), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	0.0	0.0
Hedge of EUR Cash - USD, UK, and Swiss Subsidiaries \| Not Designated as Hedging Instrument \| Other expense (income), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	0.2	(0.7)
Hedge of DKK cash on USD Subsidiary \| Not Designated as Hedging Instrument \| Other expense (income), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	(0.1)	0.0
Non-Deliverable Hedge on USD Exposure to CNY \| Not Designated as Hedging Instrument \| Other expense (income), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	0.1	0.0
Non-Deliverable Hedge on EUR Exposure to CNY \| Not Designated as Hedging Instrument \| Other expense (income), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	0.1	0.0
Non-deliverable hedge on JPY exposure to CNY \| Not Designated as Hedging Instrument \| Other expense (income), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	$ 0.1	$ 0.0

Contingencies - Additional Information (Detail) $ in Millions																				3 Months Ended
	Apr. 05, 2016 USD ($)	Dec. 15, 2015 USD ($)	Dec. 04, 2015 USD ($)	Sep. 04, 2014 assessment	Jul. 31, 2014 USD ($)	Jul. 01, 2014 USD ($)	Jun. 26, 2014 USD ($)	Apr. 17, 2014 USD ($)	Mar. 27, 2014 USD ($)	Jun. 21, 2013 USD ($)	Feb. 01, 2013 USD ($)	Dec. 18, 2012 USD ($)	Dec. 17, 2012 USD ($)	Nov. 29, 2012 direct_purchaser_class_action_case	Oct. 04, 2012 USD ($)	Dec. 30, 2011 USD ($)	Dec. 22, 2011 USD ($)	Feb. 28, 2011	Apr. 16, 2009 USD ($)	Jun. 30, 2016 USD ($)	Mar. 31, 2016 USD ($)	Apr. 11, 2013 direct_purchaser_class_action_case
Commitments And Contingencies [Line Items]
Loss contingency, range of possible loss, portion not accrued																					$ 29.0
Direct Purchaser and Indirect Purchaser Cases [Member]
Commitments And Contingencies [Line Items]
Named as a defendant in pending cases \| direct_purchaser_class_action_case																						2
Brazilian Value- Added Tax Matters
Commitments And Contingencies [Line Items]
General and special damages			$ 4.3		$ 3.3		$ 0.7	$ 1.6	$ 0.8	$ 1.7	$ 0.1	$ 0.4	$ 3.6		$ 1.3	$ 0.1	$ 2.1		$ 1.6		4.6
Improperly offset social contribution		$ 0.1				$ 0.1
Tax Credit Matters [Member]
Commitments And Contingencies [Line Items]
General and special damages																					2.4
Pending Litigation \| Brazilian Value- Added Tax Matters
Commitments And Contingencies [Line Items]
Estimate of possible loss																					19.0
Estimate of possible loss, offsetting deposit asset																					11.4
Pending Litigation \| Tax Credit Matters [Member]
Commitments And Contingencies [Line Items]
Additional assessments issued \| assessment				5
Pending Litigation \| Antitrust, Patent Infringement, And Other Matters [Member]
Commitments And Contingencies [Line Items]
Estimate of possible loss																					$ 10.0
Polyurethane Foam Antitrust Litigation \| Settled Litigation \| Indirect Purchaser Class Action Cases [Member]
Commitments And Contingencies [Line Items]
Percentage factor of damages allegedly suffered																		300.00%
Lacrosse Furniture Company v.s. Future Foam, Inc. \| Pending Litigation \| Direct Purchaser and Indirect Purchaser Cases [Member]
Commitments And Contingencies [Line Items]
New claims filed \| direct_purchaser_class_action_case														1
Carpenter Co., et al. v. BASF SE, et al., Case No. 2:08-cv-0516 \| Settled Litigation \| Alleged Antitrust Violations [Member] \| Subsequent Event
Commitments And Contingencies [Line Items]
Percentage factor of damages allegedly suffered	300.00%
Net cash payment received as part of legal settlement, amount to be reflected in discontinued operations	$ 38.0
Carpenter Co., et al. v. BASF SE, et al., Case No. 2:08-cv-0516 \| Settled Litigation \| Alleged Antitrust Violations [Member] \| Forecast
Commitments And Contingencies [Line Items]
Net cash payment received as part of legal settlement, amount to be reflected in discontinued operations																				$ 25.0
Net cash received as part of legal settlement																				$ 21.0

CONTINGENCIES Contingencies (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016
Loss Contingency Accrual [Roll Forward]
Litigation contingency accrual - Beginning of period	$ 8.1	$ 83.9	$ 82.1
Cash payments	(4.0)	(1.7)
Litigation contingency accrual - End of period	4.1	82.1	4.1
Cash payments for settlements			$ 84.0
Continuing Operations [Member]
Loss Contingency Accrual [Roll Forward]
Provision for contingency accrual	$ 0.0	$ (0.1)

Derivative Financial Instruments at Fair Value (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Other Current Assets
Derivatives, Fair Value [Line Items]
Total derivative assets	$ 0.8	$ 0.6
Other Current Liabilities
Derivatives, Fair Value [Line Items]
Total derivative liabilities	5.8	12.2
Other Long Term Liabilities
Derivatives, Fair Value [Line Items]
Total derivative liabilities	0.8	2.6
Not Designated as Hedging Instrument \| Other Current Assets
Derivatives, Fair Value [Line Items]
Total derivative assets	0.4	0.2
Not Designated as Hedging Instrument \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Total derivative liabilities	0.3	0.5
Not Designated as Hedging Instrument \| Other Long Term Liabilities
Derivatives, Fair Value [Line Items]
Total derivative liabilities	0.0	0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Future USD sales of Canadian, Chinese and Swiss subsidiaries
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	175.7	219.8
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Future EUR sales of Chinese, UK and Swiss subsidiaries
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	13.7	13.6
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Future DKK Sales of Polish Subsidiary
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	17.7	15.6
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Future JPY Sales of Chinese Subsidiaries
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges		3.8
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Future MXN Purchases of a USD Subsidiary
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	6.1	7.3
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Future GBP sales of a Swiss subsidiary
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	4.8
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Future USD Purchases of Canadian, European and Korean Subsidiaries [Member]
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	15.6	16.8
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Assets
Derivatives, Fair Value [Line Items]
Total cash flow hedges, Assets	0.3	0.3
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Assets \| Future USD sales of Canadian, Chinese and Swiss subsidiaries
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Assets	0.0	0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Assets \| Future EUR sales of Chinese, UK and Swiss subsidiaries
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Assets	0.2	0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Assets \| Future DKK Sales of Polish Subsidiary
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Assets	0.0	0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Assets \| Future JPY Sales of Chinese Subsidiaries
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Assets		0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Assets \| Future MXN Purchases of a USD Subsidiary
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Assets	0.0	0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Assets \| Future GBP sales of a Swiss subsidiary
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Assets	0.1
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Assets \| Future USD Purchases of Canadian, European and Korean Subsidiaries [Member]
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Assets	0.0	0.3
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Total cash flow hedges, Liabilities	5.3	11.1
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Liabilities \| Future USD sales of Canadian, Chinese and Swiss subsidiaries
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	3.8	10.1
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Liabilities \| Future EUR sales of Chinese, UK and Swiss subsidiaries
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.4	0.1
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Liabilities \| Future DKK Sales of Polish Subsidiary
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.1	0.1
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Liabilities \| Future JPY Sales of Chinese Subsidiaries
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities		0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Liabilities \| Future MXN Purchases of a USD Subsidiary
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.6	0.7
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Liabilities \| Future GBP sales of a Swiss subsidiary
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Current Liabilities \| Future USD Purchases of Canadian, European and Korean Subsidiaries [Member]
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.4	0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Long Term Liabilities
Derivatives, Fair Value [Line Items]
Total cash flow hedges, Liabilities	0.8	2.6
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Long Term Liabilities \| Future USD sales of Canadian, Chinese and Swiss subsidiaries
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.4	2.3
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Long Term Liabilities \| Future EUR sales of Chinese, UK and Swiss subsidiaries
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.1	0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Long Term Liabilities \| Future DKK Sales of Polish Subsidiary
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.0	0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Long Term Liabilities \| Future JPY Sales of Chinese Subsidiaries
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities		0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Long Term Liabilities \| Future MXN Purchases of a USD Subsidiary
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.2	0.3
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Long Term Liabilities \| Future GBP sales of a Swiss subsidiary
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.0
Cash Flow Hedging \| Derivatives designated as hedging instruments \| Other Long Term Liabilities \| Future USD Purchases of Canadian, European and Korean Subsidiaries [Member]
Derivatives, Fair Value [Line Items]
Currency cash flow derivatives designated as hedging instruments, Liabilities	0.1	0.0
Fair value hedges \| Derivatives designated as hedging instruments \| USD inter-company note receivables on a Swiss subsidiary
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	8.0	8.0
Fair value hedges \| Derivatives designated as hedging instruments \| DKK Intercompany Note Receivable On USD Subsidiary [Member]
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	3.0	1.7
Fair value hedges \| Derivatives designated as hedging instruments \| Usd Inter Company Note Receivable On Canadian Subsidiary [Member]
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges		9.0
Fair value hedges \| Derivatives designated as hedging instruments \| Other Current Assets
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Assets	0.1	0.1
Fair value hedges \| Derivatives designated as hedging instruments \| Other Current Assets \| USD inter-company note receivables on a Swiss subsidiary
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Assets	0.0	0.0
Fair value hedges \| Derivatives designated as hedging instruments \| Other Current Assets \| DKK Intercompany Note Receivable On USD Subsidiary [Member]
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Assets	0.1	0.1
Fair value hedges \| Derivatives designated as hedging instruments \| Other Current Assets \| Usd Inter Company Note Receivable On Canadian Subsidiary [Member]
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Assets		0.0
Fair value hedges \| Derivatives designated as hedging instruments \| Other Current Liabilities
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Liabilities	0.2	0.6
Fair value hedges \| Derivatives designated as hedging instruments \| Other Current Liabilities \| USD inter-company note receivables on a Swiss subsidiary
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Liabilities	0.2	0.1
Fair value hedges \| Derivatives designated as hedging instruments \| Other Current Liabilities \| DKK Intercompany Note Receivable On USD Subsidiary [Member]
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Liabilities	0.0	0.0
Fair value hedges \| Derivatives designated as hedging instruments \| Other Current Liabilities \| Usd Inter Company Note Receivable On Canadian Subsidiary [Member]
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Liabilities		0.5
Fair value hedges \| Derivatives designated as hedging instruments \| Other Long Term Liabilities
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Liabilities	0.0	0.0
Fair value hedges \| Derivatives designated as hedging instruments \| Other Long Term Liabilities \| USD inter-company note receivables on a Swiss subsidiary
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Liabilities	0.0	0.0
Fair value hedges \| Derivatives designated as hedging instruments \| Other Long Term Liabilities \| DKK Intercompany Note Receivable On USD Subsidiary [Member]
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Liabilities	0.0	0.0
Fair value hedges \| Derivatives designated as hedging instruments \| Other Long Term Liabilities \| Usd Inter Company Note Receivable On Canadian Subsidiary [Member]
Derivatives, Fair Value [Line Items]
Fair value derivatives designated as hedging instruments, Liabilities		0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Non-Deliverable Hedge on USD Exposure to CNY
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	14.0	11.0
Fair value hedges \| Not Designated as Hedging Instrument \| Non-Deliverable Hedge on EUR Exposure to CNY
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	2.3	2.2
Fair value hedges \| Not Designated as Hedging Instrument \| Hedge Of Eur Cash United Kingdom and USD Subsidiary [Member] [Member]
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	11.3
Fair value hedges \| Not Designated as Hedging Instrument \| Hedge of DKK cash on USD Subsidiary
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges		3.0
Fair value hedges \| Not Designated as Hedging Instrument \| Hedge of GBP Cash on USD subsidiary
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges	10.6
Fair value hedges \| Not Designated as Hedging Instrument \| Hedge of EUR Cash on UK Subsidiaries
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges		8.3
Fair value hedges \| Not Designated as Hedging Instrument \| Non-deliverable hedge on JPY exposure to CNY
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount, Currency cash flow hedges		2.5
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Assets \| Non-Deliverable Hedge on USD Exposure to CNY
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets	0.0	0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Assets \| Non-Deliverable Hedge on EUR Exposure to CNY
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets	0.0	0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Assets \| Hedge Of Eur Cash United Kingdom and USD Subsidiary [Member] [Member]
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets	0.2
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Assets \| Hedge of DKK cash on USD Subsidiary
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets		0.1
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Assets \| Hedge of GBP Cash on USD subsidiary
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets	0.1
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Assets \| Hedge of EUR Cash on UK Subsidiaries
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets		0.1
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Assets \| Non-deliverable hedge on JPY exposure to CNY
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets		0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Liabilities \| Non-Deliverable Hedge on USD Exposure to CNY
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets		0.3
Currency derivative instruments not designated as hedging instruments, liabilities	0.2
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Liabilities \| Non-Deliverable Hedge on EUR Exposure to CNY
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets		0.1
Currency derivative instruments not designated as hedging instruments, liabilities	0.1
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Liabilities \| Hedge Of Eur Cash United Kingdom and USD Subsidiary [Member] [Member]
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, liabilities	0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Liabilities \| Hedge of DKK cash on USD Subsidiary
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets		0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Liabilities \| Hedge of GBP Cash on USD subsidiary
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, liabilities	0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Liabilities \| Hedge of EUR Cash on UK Subsidiaries
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets		0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Current Liabilities \| Non-deliverable hedge on JPY exposure to CNY
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, assets		0.1
Fair value hedges \| Not Designated as Hedging Instrument \| Other Long Term Liabilities \| Non-Deliverable Hedge on USD Exposure to CNY
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, liabilities	0.0	0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Long Term Liabilities \| Non-Deliverable Hedge on EUR Exposure to CNY
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, liabilities	0.0	0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Long Term Liabilities \| Hedge Of Eur Cash United Kingdom and USD Subsidiary [Member] [Member]
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, liabilities	0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Long Term Liabilities \| Hedge of DKK cash on USD Subsidiary
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, liabilities		0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Long Term Liabilities \| Hedge of GBP Cash on USD subsidiary
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, liabilities	$ 0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Long Term Liabilities \| Hedge of EUR Cash on UK Subsidiaries
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, liabilities		0.0
Fair value hedges \| Not Designated as Hedging Instrument \| Other Long Term Liabilities \| Non-deliverable hedge on JPY exposure to CNY
Derivatives, Fair Value [Line Items]
Currency derivative instruments not designated as hedging instruments, liabilities		$ 0.0