0000058492-24-000174 | 10-K | XBRL Viewer

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Long-Term Debt (Maturities) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Maturities of Long-term Debt [Abstract]
2024	$ 308.0
2025	1.0
2026	187.0
2027	499.4
2028	0.2
Thereafter	992.0
Total debt	$ 1,987.6	$ 2,083.6

Employee Benefit Plans (Components of Net Pension (Expense) Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Service cost	$ 3.4	$ 5.3	$ 5.1
Interest cost	9.2	6.6	6.0
Expected return on plan assets	(10.9)	(13.2)	(12.5)
Recognized net actuarial loss	1.3	2.5	5.3
Curtailments and settlements	0.0	0.0	(0.2)
Net pension expense	$ 3.0	$ 1.2	$ 3.7
Weighted average assumptions for pension costs:
Discount rate	5.00%	2.50%	2.10%
Rate of compensation increase	3.40%	3.50%	3.50%
Expected return on plan assets	6.40%	6.00%	5.90%
Weighted average assumptions for benefit obligation:
Discount rate	4.80%	5.00%	2.50%
Rate of compensation increase	3.40%	3.40%	3.50%

Summary of Significant Accounting Policies (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) reporting_unit	Dec. 31, 2022 USD ($)
Accounting Policies [Abstract]
Restricted cash	$ 7.5	$ 7.5
Interest trade receivable percentage	100.00%
Disposal group, including discontinued operation, accounts, notes and loans receivable, net	$ 60.0	65.0
Accounts payable, third party programs	$ 105.0	$ 80.0
Number of reporting units \| reporting_unit	7

Impairment Charges

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Impairment Charges

Pretax impairment charges are reported in “Impairments” in the Consolidated Statements of Operations. We had pretax impairment charges of $443.7 in the year ended December 31, 2023 as discussed below. There were no impairment charges in 2022 or 2021.

Other long-lived assets

As discussed in Note A, 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.

We had a triggering event to review long-lived assets for impairment late in the fourth quarter of 2023.

Weak demand and changing market dynamics in the bedding industry have created disruption and financial instability with some of our customers. While sales and earnings have been lower as compared to acquisition-date estimates for the customer bases associated with Elite Comfort Solutions (ECS) and Kayfoam (acquired in 2019 and 2021, respectively), estimated undiscounted cash flows for these asset groups exceeded their carrying amounts until the fourth quarter of 2023.

Late in the fourth quarter of 2023, certain of our ECS and Kayfoam customers notified us of efforts to improve their financial position, which could adversely impact our future cash flow forecasts. In early January 2024, we conducted an evaluation and determined that our sales and earnings forecasts should be reduced, and, as a result, we performed a recoverability test for these asset groups. Because the forecasted undiscounted cash flows had fallen below the carrying value for these asset groups, we tested for impairment by comparing the estimated fair value of long-lived assets to their carrying values, which resulted in a non-cash charge of $443.7 for long-lived asset impairments (primarily customer relationships, technology, and trademark intangibles) in the Bedding Products segment during the fourth quarter of 2023. This impairment was unrelated to the Restructuring Plan discussed in N ote T.

Fair value of the long-lived assets and the resulting impairment charges noted above were determined using the following methodologies.

•Customer relationships were valued using an excess earnings method with various inputs, such as the estimated customer attrition rate, revenue growth rate, operating margins, the amount of contributory asset charges, and an appropriate discount rate.

•Technology, trademarks, and trade names were valued using a relief-from-royalty method with various inputs, such as comparable market royalty rates for items of similar value, future earnings forecast, an appropriate discount rate, and a replacement rate for technology.

This impairment represents substantially all of the intangibles associated with the asset groups noted above. We believe the estimates and assumptions utilized in our impairment testing are reasonable and are comparable to those that would be used by other market participants. However, if actual results differ materially from estimates used in these calculations, we could incur future impairment charges.

Goodwill Impairment Testing

As discussed in Note A, we test goodwill for impairment at the reporting unit level (the business groups that are one level below the operating segments) when triggering events occur, or at least annually. We perform our annual goodwill impairment testing in the second quarter.

The annual goodwill impairment testing indicated no impairments for the periods presented.

Significant assumptions used in the annual goodwill impairment testing in the second quarter are presented in the tables below. If actual results differ materially from estimates used in these calculations, we could incur future impairment charges.


2023
Fair Value over Carrying Value divided by Carrying Value	December 31, 2023 Goodwill Value		Compound Annual Growth Rate (CAGR) Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50%	$	1,018.1	1-17%	3	%	10-12%
50-100%	99.6		< 1	3		8
101-300%	372.1		3-6	3		8-10

	$	1,489.8	< 1-17%	3	%	8-12%


2022
Fair Value over Carrying Value divided by Carrying Value	December 31, 2022 Goodwill Value		CAGR Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50%	$	107.8	4-9%	3	%	12%
50-100%	998.7		3-5	3		10
101-300%	248.3		1-3	3		10
Greater than 300%	119.6		8	3		12
	$	1,474.4	1-9%	3	%	10-12%

The fourth quarter 2023 activities resulting in the long-lived asset impairments discussed above were also considered a triggering event for goodwill impairment testing of the Bedding reporting unit, and no impairments were indicated. No other reporting units had triggering events in the periods presented. Reporting units where fair value exceeded carrying value by less than 100% are summarized in the table below:


	Fair value in excess of carrying value for the goodwill impairment testing performed during						Goodwill
	Triggering event Fourth quarter 2023		Annual testing Second quarter 2023		Annual testing Second quarter 2022		As of December 31, 2023		As of December 31, 2022
Reporting unit with a triggering event
Bedding 1	19	%	40	%	54	%	$	906.5	$	900.3

Reporting units with no triggering event
Work Furniture			74		78		99.6		98.4
Aerospace Products			44		40		67.0		66.3
Hydraulic Cylinders 2			18		32		44.6		41.5

1 The fourth quarter 2023 testing for the Bedding reporting unit included the impacts of the long-lived asset impairments discussed above. It also assumed a compound annual growth rate for sales of 2% and a discount rate of 10%.
2 At the time of our annual goodwill impairment testing in second quarter 2022, there was no goodwill associated with this reporting unit, but an August 2022 (see Note Q) acquisition added goodwill.

Fair Value (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measures of Financial Assets and Liabilities

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


	As of December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	147.5	$	—	$	147.5
Derivative assets (see Note R)	—		6.2		—		6.2
Diversified investments associated with the ESU program (see Note K)	50.4		—		—		50.4
Total assets	$	50.4	$	153.7	$	—	$	204.1
Liabilities:
Derivative liabilities (see Note R)	$	—	$	3.5	$	—	$	3.5
Liabilities associated with the ESU program (see Note K)	52.4		—		—		52.4
Total liabilities	$	52.4	$	3.5	$	—	$	55.9


	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	129.0	$	—	$	129.0
Derivative assets (see Note R)	—		2.9		—		2.9
Diversified investments associated with the ESU program (see Note K)	42.8		—		—		42.8
Total assets	$	42.8	$	131.9	$	—	$	174.7
Liabilities:
Derivative liabilities (see Note R)	$	—	$	5.9	$	—	$	5.9
Liabilities associated with the ESU program (see Note K)	44.0		—		—		44.0
Total liabilities	$	44.0	$	5.9	$	—	$	49.9

Employee Benefit Plans (Schedule of Estimated Benefit Payments) (Details) $ in Millions	Dec. 31, 2023 USD ($)
Retirement Benefits [Abstract]
2024	$ 13.4
2025	13.9
2026	14.4
2027	14.8
2028	14.7
2029-2033	$ 70.2

Stock-Based Compensation (Number Of Shares And Related Grant Date Fair Value Of PSU) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended			12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date per share fair value (in dollars per share)				$ 14.66
Performance Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares base award (in shares)				0.1
Grant date per share fair value (in dollars per share)				$ 29.31
Risk-free interest rate				4.40%
Vesting period in years				3 years
Expected volatility				45.70%
Expected dividend yield				5.50%
Award Year 2019, PSU - EBIT CAGR
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout as a Percent of the Base Award			127.00%
Number of shares distributed (in shares)			0.1
Cash Portion			$ 3.5
Award Year 2020, PSU - EBIT CAGR
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout as a Percent of the Base Award		0.00%
Number of shares distributed (in shares)		0.0
Cash Portion		$ 0.0
Award Year 2021, PSU - EBIT CAGR \| Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout as a Percent of the Base Award	6.00%
Number of shares distributed (in shares)	0.1
Cash Portion	$ 0.1
2023 awards and prior year TSR Based awards \| Performance Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares base award (in shares)					0.1	0.1
Grant date per share fair value (in dollars per share)					$ 41.13	$ 49.43
Risk-free interest rate					1.70%	0.20%
Vesting period in years					3 years	3 years
Expected volatility					45.20%	44.30%
Expected dividend yield					4.60%	3.70%
Prior year EBIT CAGR Based awards \| Performance Stock Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares base award (in shares)				0.0	0.1	0.1
Grant date per share fair value (in dollars per share)				$ 0	$ 32.88	$ 38.77
Vesting period in years				0 years	3 years	3 years

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instruments At Fair Value

The following table presents assets and liabilities representing the fair value of 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 December 31, 2023
Derivatives				Assets				Liabilities
				Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedges	Jun 2025	$	298.2	$	5.3	$	.5	$	2.4	$	.2
Total fair value hedges	Mar 2024	21.7		.3		—		—		—


Not designated as hedging instruments	Dec 2024	87.9		.1		—		.9		—
Total derivatives				$	5.7	$	.5	$	3.3	$	.2


	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of December 31, 2022
Derivatives				Assets					Liabilities
				Other Current Assets		Sundry			Other Current Liabilities		Other Long-Term Liabilities







Designated as hedging instruments
Total cash flow hedges-currency hedges	Jun 2024	$	263.4	$	1.9	$	.5		$	4.3	$	.4


Total fair value hedges	Apr 2023	65.5		.3		—		1	1.0		—



Not designated as hedging instruments	Dec 2023	86.0		.2		—			.2		—
Total derivatives				$	2.4	$	.5		$	5.5	$	.4

Schedule of Loss (Gain) Of Hedging Activities Recorded In Income

The following table sets forth the pretax (gains) losses for our hedging activities for the years presented. This schedule includes reclassifications from accumulated other comprehensive income as well as derivative settlements recorded directly to income or expense.


	Income Statement Caption	Amount of Loss (Gain) Recorded in Income for the Year Ended December 31
Derivatives		2023		2022		2021

Designated as hedging instruments
Interest rate cash flow hedges 1	Interest expense	$	(.3)	$	2.3	$	4.5
Currency cash flow hedges	Net trade sales	3.7		.5		(9.6)
Currency cash flow hedges	Cost of goods sold	(2.5)		(2.8)		(.2)

Total cash flow hedges		.9		—		(5.3)
Fair value hedges	Other expense (income), net	.9		3.5		(5.9)
Not designated as hedging instruments	Other expense (income), net	3.9		(1.3)		(1.9)







Total derivative instruments		$	5.7	$	2.2	$	(13.1)

1 In the fourth quarter of 2021, in connection with our issuance of our $500.0 Senior Notes due 2051, we settled $300.0 of treasury locks and recognized a gain of $10.2, which is being amortized over the life of the notes. In the third quarter of 2022, we completed amortization of the $43.0 loss on our $200.0 forward starting interest rate swap that was related to our 2012 $300.0 Senior Notes; the 2012 issuance matured and was fully paid in the third quarter of 2022.

Stock-Based Compensation (ESU Program) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Units Converted To Common Stock Ratio	1-to-1
Stock-based retirement plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Automatic employer match, percentage	50.00%
Additional employer match upon certain profitability levels, percentage	50.00%
Discount market price purchase date, percentage	85.00%
Stock-based retirement plans \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESUP participant contribution for stock or other investment purchases	10.00%
Premium contributions for ESUP participants	17.65%
ESUP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period in years	5 years
Stock based retirement plans employee contributions	$ 3.9
Employer premium contribution to diversified investment accounts	$ 0.7

Employee Benefit Plans (Narrative) (Details) $ in Millions	12 Months Ended
Employee Benefit Plans (Narrative) (Details) $ in Millions	Dec. 31, 2023 USD ($) pension_plan investment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of significant plans \| pension_plan	3
Pension benefit obligation (as a percent)	84.00%
Number of frozen plans \| pension_plan	1
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Operating Income (Expense), Net
Number of investments \| investment	7
Expected employer contributions \| $	$ 1.3
Defined contribution plan, cost \| $	$ 14.2	$ 13.7	$ 12.6
Number of union sponsored multiemployer plans \| pension_plan	1
Withdrawal obligation \| $	$ 19.0
Minimum \| U.S. treasuries
Defined Benefit Plan Disclosure [Line Items]
Maturities (in years)	20 years
Maximum \| U.S. treasuries
Defined Benefit Plan Disclosure [Line Items]
Maturities (in years)	30 years
Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Number of investments \| investment	6
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Average rate used to determine discount rate	25.00%
Other Postretirement Benefits Plan \| Bonds \| Frozen Plans
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)	60.00%
Other Postretirement Benefits Plan \| Bonds \| Active Plans
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)	25.00%
Other Postretirement Benefits Plan \| Equity securities \| Frozen Plans
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)	40.00%
Other Postretirement Benefits Plan \| Equity securities \| Active Plans
Defined Benefit Plan Disclosure [Line Items]
Target allocation (as a percent)	75.00%

Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Sundry
Deferred income taxes	$ 13.2	$ 8.3
Diversified investments associated with stock-based compensation plans	46.8	39.7
Pension plan assets	4.7	3.9	$ 2.8
Tooling and molds	16.0	22.7
Finance leases (see Note J)	4.0	4.2
Other	36.7	32.1
Sundry	121.4	110.9
Accrued expenses
Wages and commissions payable	78.5	71.3
Workers’ compensation, vehicle-related and product liability, medical/disability	44.6	44.7
Sales promotions	37.0	45.4
Liabilities associated with stock-based compensation plans	5.5	5.9
Accrued interest	12.6	12.5
General taxes, excluding income taxes	20.9	29.2
Litigation contingency accruals	1.4	0.9
Other	56.3	51.8
Accrued expenses	256.8	261.7
Other current liabilities
Dividends payable	61.3	58.3
Customer deposits	12.1	18.1
Additional consideration for acquisition of businesses	6.1	14.4
Derivative financial instruments	3.3	5.5
Liabilities associated with stock-based compensation plans	3.7	3.1
Outstanding checks in excess of book balances	10.3	19.6
Other	7.5	10.1
Other current liabilities	104.3	129.1
Other long-term liabilities
Liability for pension benefits	11.2	19.0	$ 45.2
Liabilities associated with stock-based compensation plans	50.5	42.2
Deemed repatriation tax payable	11.9	21.4
Net reserves for tax contingencies	4.6	5.5
Deferred compensation	11.2	10.8
Additional consideration for acquisition of businesses	6.3	17.5
Other	10.9	9.7
Other long-term liabilities	$ 106.6	$ 126.1

Fair Value

12 Months Ended

Dec. 31, 2023

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

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 supported by observable market data. Derivative assets and liabilities in this category are valued using models that consider various assumptions and information from market-corroborated sources. The models used are primarily industry-standard models that consider items such as quoted prices, market interest rate curves applicable to the instruments being valued as of the end of each period, discounted cash flows, volatility factors, current market, and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace.

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

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


	As of December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	147.5	$	—	$	147.5
Derivative assets (see Note R)	—		6.2		—		6.2
Diversified investments associated with the ESU program (see Note K)	50.4		—		—		50.4
Total assets	$	50.4	$	153.7	$	—	$	204.1
Liabilities:
Derivative liabilities (see Note R)	$	—	$	3.5	$	—	$	3.5
Liabilities associated with the ESU program (see Note K)	52.4		—		—		52.4
Total liabilities	$	52.4	$	3.5	$	—	$	55.9


	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	129.0	$	—	$	129.0
Derivative assets (see Note R)	—		2.9		—		2.9
Diversified investments associated with the ESU program (see Note K)	42.8		—		—		42.8
Total assets	$	42.8	$	131.9	$	—	$	174.7
Liabilities:
Derivative liabilities (see Note R)	$	—	$	5.9	$	—	$	5.9
Liabilities associated with the ESU program (see Note K)	44.0		—		—		44.0
Total liabilities	$	44.0	$	5.9	$	—	$	49.9

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

The fair value for fixed rate debt (Level 1) was approximately $175.0 less than carrying value of $1,786.4 at December 31, 2023 and was approximately $210.0 less than carrying value of $1,784.4 at December 31, 2022.

Items measured at fair value on a non-recurring basis

The primary areas in which we utilize fair value measures of non-financial assets and liabilities are allocating purchase price to the assets and liabilities of acquired companies (Note Q) and evaluating long-term assets (including goodwill) for potential impairment (Note C). Determining fair values for these items requires significant judgment and includes a variety of methods and models that utilize significant Level 3 inputs (Note A).

- 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

Goodwill and Other Intangible Assets (Intangible Assets Purchased) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 583.9	$ 1,031.8
Accumulated Amortization	416.4	356.4
Net Intangibles	167.5	675.4
Gross carrying amounts of items acquired	$ 1.5	$ 43.9
Weighted average life in years for items acquired	19 years 3 months 18 days	14 years 8 months 12 days
Intangible assets acquired		$ 40.6
Customer-related intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 331.5	622.6
Accumulated Amortization	244.7	206.1
Net Intangibles	86.8	416.5
Gross carrying amounts of items acquired	$ 0.0	$ 22.0
Weighted average life in years for items acquired	0 years	15 years
Patents and trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 103.6	$ 145.7
Accumulated Amortization	59.8	52.8
Net Intangibles	43.8	92.9
Gross carrying amounts of items acquired	$ 1.5	$ 8.2
Weighted average life in years for items acquired	19 years 3 months 18 days	15 years 7 months 6 days
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 86.8	$ 196.6
Accumulated Amortization	60.8	51.7
Net Intangibles	26.0	144.9
Gross carrying amounts of items acquired	$ 0.0	$ 13.4
Weighted average life in years for items acquired	0 years	13 years 10 months 24 days
Non-compete agreements, supply agreements and other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 62.0	$ 66.9
Accumulated Amortization	51.1	45.8
Net Intangibles	10.9	21.1
Gross carrying amounts of items acquired	$ 0.0	$ 0.3
Weighted average life in years for items acquired	0 years	4 years 9 months 18 days

Accounts and Other Receivables (Allowance For Doubtful Accounts) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 39.0	$ 37.0
Change in Provision	(6.5)	3.2	$ (3.4)
Less: Net Charge-offs/(Recoveries) and Other	22.0	1.2
Ending balance	10.5	39.0	37.0
Trade accounts receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	17.8	15.0
Change in Provision	(5.8)	4.0
Less: Net Charge-offs/(Recoveries) and Other	1.5	1.2
Ending balance	10.5	17.8	15.0
Trade accounts receivable \| COVID-19
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Change in Provision				$ 6.0
Trade accounts receivable \| Macroeconomic Items
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Change in Provision	4.0
Other notes receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	21.2	22.0
Change in Provision	(0.7)	(0.8)
Less: Net Charge-offs/(Recoveries) and Other	20.5	0.0
Ending balance	$ 0.0	$ 21.2	$ 22.0

Stock-Based Compensation (Stock Units Converted To Common Stock) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]
Total intrinsic value of vested stock units converted to common stock	$ 1.9	$ 5.7	$ 10.5

Summary of Significant Accounting Policies (Schedule of Property, Plant And Equipment) (Details)	12 Months Ended
	Dec. 31, 2023
Machinery and equipment
Property, Plant and Equipment [Line Items]
Weighted Average Life	13 years
Buildings
Property, Plant and Equipment [Line Items]
Weighted Average Life	26 years
Other items
Property, Plant and Equipment [Line Items]
Weighted Average Life	11 years
Minimum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Useful Life Range	5 years
Minimum \| Buildings
Property, Plant and Equipment [Line Items]
Useful Life Range	4 years
Minimum \| Other items
Property, Plant and Equipment [Line Items]
Useful Life Range	5 years
Maximum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Useful Life Range	30 years
Maximum \| Buildings
Property, Plant and Equipment [Line Items]
Useful Life Range	40 years
Maximum \| Other items
Property, Plant and Equipment [Line Items]
Useful Life Range	15 years

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	St. Louis, Missouri

Derivative Financial Instruments (Loss (Gain) Of Hedging Activities Recorded In Income) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Nov. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Total derivative instruments			$ 5,700,000	$ 2,200,000	$ (13,100,000)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Cost of goods sold, Interest expense, Other Operating Income (Expense), Net, Net trade sales	Cost of goods sold, Interest expense, Other Operating Income (Expense), Net, Net trade sales	Cost of goods sold, Interest expense, Other Operating Income (Expense), Net, Net trade sales
Senior Notes, Due 2051 \| Term notes
Derivative Instruments, Gain (Loss) [Line Items]
Long-term debt						$ 500,000,000.0
Senior Notes, Due 2012 \| Term notes
Derivative Instruments, Gain (Loss) [Line Items]
Long-term debt	$ 300,000,000.0
Designated as hedging instruments \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Total derivative instruments			$ 900,000	$ 0	$ (5,300,000)
Total USD Equivalent Notional Amount			298,200,000	263,400,000
Designated as hedging instruments \| Fair value hedges
Derivative Instruments, Gain (Loss) [Line Items]
Total derivative instruments			900,000	3,500,000	(5,900,000)
Total USD Equivalent Notional Amount			21,700,000	65,500,000
Not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Total derivative instruments			3,900,000	(1,300,000)	(1,900,000)
Total USD Equivalent Notional Amount			87,900,000	86,000,000.0
Interest rate cash flow hedges \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Total USD Equivalent Notional Amount		$ 300,000,000.0			300,000,000.0
Gain (loss) on derivatives		$ 10,200,000
Interest rate cash flow hedges \| Designated as hedging instruments \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Total derivative instruments			(300,000)	2,300,000	4,500,000
Currency cash flow hedges \| Designated as hedging instruments \| Cash flow hedges \| Net trade sales
Derivative Instruments, Gain (Loss) [Line Items]
Total derivative instruments			3,700,000	500,000	(9,600,000)
Currency cash flow hedges \| Designated as hedging instruments \| Cash flow hedges \| Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Total derivative instruments			$ (2,500,000)	$ (2,800,000)	$ (200,000)
Forward Interest Rate Swap \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Total USD Equivalent Notional Amount	200,000,000.0
Gain (loss) on derivatives	$ (43,000,000.0)

Segment Reporting (Narrative) (Details)	12 Months Ended
Segment Reporting (Narrative) (Details)	Dec. 31, 2023 segment
Segment Reporting [Abstract]
Number of operating segments	3

Supplemental Balance Sheet Information (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Supplemental Balance Sheet Information

Additional supplemental balance sheet details at December 31 consisted of the following:


	2023		2022






Sundry
Deferred income taxes (see Note M)	$	13.2	$	8.3

Diversified investments associated with stock-based compensation plans (see Note K)	46.8		39.7


Pension plan assets (see Note L)	4.7		3.9
Tooling and molds	16.0		22.7

Finance leases (see Note J)	4.0		4.2
Other	36.7		32.1
	$	121.4	$	110.9
Accrued expenses
Wages and commissions payable	$	78.5	$	71.3
Workers’ compensation, vehicle-related and product liability, medical/disability	44.6		44.7
Sales promotions	37.0		45.4
Liabilities associated with stock-based compensation plans (see Note K)	5.5		5.9
Accrued interest	12.6		12.5
General taxes, excluding income taxes	20.9		29.2

Litigation contingency accruals (see Note S)	1.4		.9
Other	56.3		51.8
	$	256.8	$	261.7
Other current liabilities
Dividends payable	$	61.3	$	58.3
Customer deposits	12.1		18.1

Additional consideration for acquisition of businesses (see Note Q)	6.1		14.4
Derivative financial instruments (see Note R)	3.3		5.5
Liabilities associated with stock-based compensation plans (see Note K)	3.7		3.1
Outstanding checks in excess of book balances	10.3		19.6
Other	7.5		10.1
	$	104.3	$	129.1
Other long-term liabilities
Liability for pension benefits (see Note L)	$	11.2	$	19.0
Liabilities associated with stock-based compensation plans (see Note K)	50.5		42.2
Deemed repatriation tax payable	11.9		21.4
Net reserves for tax contingencies	4.6		5.5
Deferred compensation	11.2		10.8
Additional consideration for acquisition of businesses (see Note Q)	6.3		17.5
Other	10.9		9.7
	$	106.6	$	126.1

Stock-Based Compensation (Components Of Stock-Based Compensation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 27.6	$ 30.1	$ 34.2
Total tax benefits associated with stock-based compensation	4.9	5.3	9.2
To Be Settled With Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	18.6	19.5	23.9
Employee contributions for above stock plans	9.0	10.6	10.3
Total stock-based compensation	27.6	30.1	34.2
Total tax benefits associated with stock-based compensation	4.5	4.7	5.8
To Be Settled With Stock \| Accounting Standards Update 2016-13
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total tax benefits associated with stock-based compensation	0.4	0.6	3.4
To Be Settled With Stock \| Executive Stock Unit (ESU) program contributions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	3.0	3.7	4.0
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 (income)	1.5	1.6	1.5
To Be Settled With Stock \| ESU program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	1.2	1.4	1.1
To Be Settled With Stock \| Discount Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.7	0.8	0.9
To Be Settled With Stock \| 2022 and prior PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	1.3	0.8	7.8
To Be Settled With Stock \| 2023 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	1.3	0.0	0.0
To Be Settled With Stock \| Restricted Stock Unit (RSU) awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	8.8	10.2	8.2
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 (income)	0.8	1.0	0.4
To Be Settled In Cash
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	1.3	(1.8)	4.6
To Be Settled In Cash \| Executive Stock Unit (ESU) program contributions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.7	0.7	0.6
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 (income)	0.0	0.0	0.0
To Be Settled In Cash \| ESU program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.0	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 (income)	0.0	0.0	0.0
To Be Settled In Cash \| 2022 and prior PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	(0.5)	(2.5)	4.0
To Be Settled In Cash \| 2023 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	1.1	0.0	0.0
To Be Settled In Cash \| Restricted Stock Unit (RSU) awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.0	0.0	0.0
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 (income)	$ 0.0	$ 0.0	$ 0.0

Revenue (Details) - USD ($) $ in Millions	12 Months Ended
Revenue (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Net trade sales	$ 4,725.3	$ 5,146.7	$ 5,072.6
Bedding Products
Disaggregation of Revenue [Line Items]
Net trade sales	1,964.7	2,356.3	2,455.9
Bedding Products \| Bedding Group
Disaggregation of Revenue [Line Items]
Net trade sales	1,964.7	2,356.3	2,455.9
Specialized Products
Disaggregation of Revenue [Line Items]
Net trade sales	1,279.8	1,118.3	998.9
Specialized Products \| Automotive Group
Disaggregation of Revenue [Line Items]
Net trade sales	878.4	846.5	801.4
Specialized Products \| Aerospace Products Group
Disaggregation of Revenue [Line Items]
Net trade sales	154.1	120.9	102.9
Specialized Products \| Hydraulic Cylinders Group
Disaggregation of Revenue [Line Items]
Net trade sales	247.3	150.9	94.6
Furniture, Flooring & Textile Products
Disaggregation of Revenue [Line Items]
Net trade sales	1,480.8	1,672.1	1,617.8
Furniture, Flooring & Textile Products \| Home Furniture Group
Disaggregation of Revenue [Line Items]
Net trade sales	300.5	398.0	434.3
Furniture, Flooring & Textile Products \| Work Furniture Group
Disaggregation of Revenue [Line Items]
Net trade sales	272.8	318.7	284.1
Furniture, Flooring & Textile Products \| Flooring & Textile Products Group
Disaggregation of Revenue [Line Items]
Net trade sales	$ 907.5	$ 955.4	$ 899.4

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes In The Carrying Amounts Of Goodwill


2023
Fair Value over Carrying Value divided by Carrying Value	December 31, 2023 Goodwill Value		Compound Annual Growth Rate (CAGR) Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50%	$	1,018.1	1-17%	3	%	10-12%
50-100%	99.6		< 1	3		8
101-300%	372.1		3-6	3		8-10

	$	1,489.8	< 1-17%	3	%	8-12%


2022
Fair Value over Carrying Value divided by Carrying Value	December 31, 2022 Goodwill Value		CAGR Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50%	$	107.8	4-9%	3	%	12%
50-100%	998.7		3-5	3		10
101-300%	248.3		1-3	3		10
Greater than 300%	119.6		8	3		12
	$	1,474.4	1-9%	3	%	10-12%


	Fair value in excess of carrying value for the goodwill impairment testing performed during						Goodwill
	Triggering event Fourth quarter 2023		Annual testing Second quarter 2023		Annual testing Second quarter 2022		As of December 31, 2023		As of December 31, 2022
Reporting unit with a triggering event
Bedding 1	19	%	40	%	54	%	$	906.5	$	900.3

Reporting units with no triggering event
Work Furniture			74		78		99.6		98.4
Aerospace Products			44		40		67.0		66.3
Hydraulic Cylinders 2			18		32		44.6		41.5

1 The fourth quarter 2023 testing for the Bedding reporting unit included the impacts of the long-lived asset impairments discussed above. It also assumed a compound annual growth rate for sales of 2% and a discount rate of 10%.
2 At the time of our annual goodwill impairment testing in second quarter 2022, there was no goodwill associated with this reporting unit, but an August 2022 (see Note Q) acquisition added goodwill.

The changes in the carrying amounts of goodwill are as follows:


	Bedding Products		Specialized Products		Furniture, Flooring & Textile Products		Total
Net goodwill as of January 1, 2022	$	908.3	$	192.7	$	348.6	$	1,449.6
Additions for current year acquisitions	—		39.0		3.5		42.5
Adjustments to prior year acquisitions	—		.3		—		.3
Allocations to divested businesses	(.3)		—		—		(.3)


Foreign currency translation adjustment	(7.7)		(4.6)		(5.4)		(17.7)
Net goodwill as of December 31, 2022	900.3		227.4		346.7		1,474.4

Adjustments to prior year acquisitions	—		2.9		.8		3.7



Foreign currency translation adjustment	6.2		3.4		2.1		11.7
Net goodwill as of December 31, 2023	$	906.5	$	233.7	$	349.6	$	1,489.8

Net goodwill as of December 31, 2023 is comprised of:
Gross goodwill	$	911.9	$	325.8	$	600.2	$	1,837.9
Accumulated impairment losses	(5.4)		(92.1)		(250.6)		(348.1)
Net goodwill as of December 31, 2023	$	906.5	$	233.7	$	349.6	$	1,489.8

Schedule of Intangible Assets Purchased

The gross carrying amount and accumulated amortization by intangible asset class and intangible assets acquired during the periods presented, included in "Other intangibles, net" on the Consolidated Balance Sheets, are as follows:


	December 31, 2023						Year Ended December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Intangibles		Gross carrying amounts of items acquired		1	Weighted average life in years for items acquired
Customer-related intangibles	$	331.5	$	244.7	$	86.8	$	—		0
Patents and trademarks	103.6		59.8		43.8		1.5			19.3
Technology	86.8		60.8		26.0		—			0
Non-compete agreements, supply agreements and other	62.0		51.1		10.9		—			0
Total 2	$	583.9	$	416.4	$	167.5	$	1.5		19.3

	December 31, 2022						Year Ended December 31, 2022
Customer-related intangibles	$	622.6	$	206.1	$	416.5	$	22.0		15.0
Patents and trademarks	145.7		52.8		92.9		8.2			15.6
Technology	196.6		51.7		144.9		13.4			13.9
Non-compete agreements, supply agreements and other	66.9		45.8		21.1		.3			4.8
Total	$	1,031.8	$	356.4	$	675.4	$	43.9		14.7

1 2022 includes $40.6 related to business acquisitions. For information regarding our business acquisitions, see Note Q.

2 We incurred impairment charges in 2023 associated with intangible assets as discussed in Note C.

Schedule of Estimated Amortization Expense

Estimated amortization expense for the next five years is as follows:


2024	$	21.2
2025	19.7
2026	17.9
2027	16.5
2028	15.5

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Estimated Fair Values of the Assets Acquired and Liabilities Assumed

The following table contains the estimated fair values of the assets acquired and liabilities assumed and the estimated intangible asset lives at the date of acquisition for all acquisitions during the periods presented (using inputs discussed in Note A). Of the goodwill included in the table below, none is expected to be deductible for tax purposes.


	2022		2021
Accounts receivable	$	37.8	$	18.3
Inventories	43.0		17.0
Property, plant and equipment	16.6		16.4
Goodwill (see Note D)	42.5		70.9
Other intangible assets (see Note D)
Customer relationships (15-year life)	22.0		64.9
Technology (8 to 10-year life)	11.3		5.5
Trademarks and trade names (15 to 20-year life)	7.1		7.2
Non-compete agreements (1 to 5-year life)	.2		2.7
Other current and long-term assets	9.1		5.5
Current liabilities	(54.7)		(39.2)
Deferred income taxes	(17.7)		(11.9)
Other long-term liabilities	(5.0)		(4.7)

Fair value of net identifiable assets	112.2		152.6
Less: additional consideration (receivable)	(1.3)		—

Less: additional contingent consideration payable	30.2		—

Net cash consideration	$	83.3	$	152.6

Schedule of Acquisitions

The following table summarizes acquisitions for the periods presented.

Year Ended

Number of
Acquisitions

Segment

Product/Service

December 31, 2023

None

December 31, 2022

Specialized Products

Furniture, Flooring & Textile Products

Manufacturer of hydraulic cylinders for heavy construction equipment;

Converter and distributor of construction fabrics for the furniture and bedding industries;

Distributor of products used for erosion control and geosynthetic products for civil construction applications;

Distributor of products used for erosion control and stormwater management

December 31, 2021

Bedding Products

Furniture, Flooring & Textile Products

Specialized Products

Manufacturer of specialty foam for the bedding and furniture industries;

Manufacturer of bent metal tubing for furniture used in office, residential, and other settings;

Manufacturer of high-pressure and high-temperature ducting, flexible joints, and components

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Activities
Net earnings (loss)	$ (136,800,000)	$ 309,900,000	$ 402,600,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	108,900,000	110,200,000	116,500,000
Amortization of intangibles and supply agreements	71,000,000.0	69,600,000	70,800,000
Long-lived asset impairment	443,700,000	0	0
(Decrease) increase in provision for losses on accounts and notes receivable	(6,500,000)	3,200,000	(3,400,000)
Writedown of inventories	9,000,000.0	17,100,000	13,700,000
Net gain from disposal of assets and businesses	(20,100,000)	(2,500,000)	(29,400,000)
Deferred income tax benefit	(129,200,000)	(15,700,000)	(8,500,000)
Stock-based compensation	27,600,000	30,100,000	34,200,000
Other, net	13,600,000	(2,500,000)	12,400,000
Changes in working capital, excluding effects from acquisitions and divestitures:
Accounts and other receivables	48,600,000	(26,600,000)	(75,000,000.0)
Inventories	86,500,000	96,100,000	(305,000,000.0)
Other current assets	4,000,000.0	(3,700,000)	(6,700,000)
Accounts payable	13,700,000	(102,100,000)	63,500,000
Accrued expenses and other current liabilities	(36,800,000)	(41,700,000)	(14,400,000)
Net Cash Provided by Operating Activities	497,200,000	441,400,000	271,300,000
Investing Activities
Additions to property, plant and equipment	(113,800,000)	(100,300,000)	(106,600,000)
Purchases of companies, net of cash acquired	0	(83,300,000)	(152,600,000)
Proceeds from sales of assets and businesses	23,400,000	4,200,000	38,500,000
Other, net	(900,000)	(1,800,000)	(5,500,000)
Net Cash Used for Investing Activities	(91,300,000)	(181,200,000)	(226,200,000)
Financing Activities
Additions to long-term debt	700,000	4,700,000	492,800,000
Payments on long-term debt	(2,000,000.0)	(301,500,000)	(306,600,000)
Change in commercial paper and short-term debt	(105,800,000)		(1,300,000)
Change in commercial paper and short-term debt		301,800,000
Dividends paid	(239,400,000)	(229,200,000)	(218,300,000)
Issuances of common stock	0	0	3,500,000
Purchases of common stock	(6,000,000.0)	(60,300,000)	(9,800,000)
Proceeds from interest rate treasury lock	0	0	10,200,000
Other, net	(6,300,000)	(1,700,000)	(3,300,000)
Net Cash Used for Financing Activities	(358,800,000)	(286,200,000)	(32,800,000)
Effect of Exchange Rate Changes on Cash	1,900,000	(19,200,000)	500,000
Increase (Decrease) in Cash and Cash Equivalents	49,000,000.0	(45,200,000)	12,800,000
Cash and Cash Equivalents—Beginning of Year	316,500,000	361,700,000	348,900,000
Cash and Cash Equivalents—End of Year	365,500,000	316,500,000	361,700,000
Supplemental Information
Interest paid (net of amounts capitalized)	85,800,000	84,000,000.0	66,600,000
Income taxes paid	98,800,000	125,200,000	126,800,000
Property, plant and equipment acquired through finance leases	1,400,000	1,400,000	1,900,000
Capital expenditures in accounts payable	3,200,000	3,600,000	4,300,000
Prepaid income taxes and taxes receivable applied against the deemed repatriation tax liability	$ 9,500,000	$ 6,100,000	$ 4,000,000.0

Other Expense (Income), Net (Tables)

12 Months Ended

Dec. 31, 2023

Other Nonoperating Income (Expense) [Abstract]

Schedule of Components of Other expense (income), net

The components of "Other expense (income), net" were as follows:


	Year Ended December 31
	2023		2022		2021


Restructuring charges	$	2.9	$	1.4	$	(.3)

Currency loss (gain)	4.2		(3.3)		1.3

(Gain) loss from diversified investments associated with the ESU program (See Note K)	(7.7)		8.4		(6.2)
Reduction to contingent purchase price liability (See Note Q)	(14.9)		(1.2)		—

COVID-19 government subsidies and business interruption policy 1	—		(.6)		(8.5)
Non-service pension income (See Note L)	(.4)		(4.1)		(1.4)
Other expense (income)	2.1		(.4)		(2.8)
	$	(13.8)	$	.2	$	(17.9)

1 The 2021 amount includes the receipt of $5.0 from a business interruption policy for COVID-19 disruptions. The balance represents government subsidies related to COVID-19, primarily from our international locations, which do not contain material restrictions on our operations, sources of funding, or otherwise.

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments


	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of December 31, 2023
Derivatives				Assets				Liabilities
				Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Designated as hedging instruments
Total cash flow hedges-currency hedges	Jun 2025	$	298.2	$	5.3	$	.5	$	2.4	$	.2
Total fair value hedges	Mar 2024	21.7		.3		—		—		—


Not designated as hedging instruments	Dec 2024	87.9		.1		—		.9		—
Total derivatives				$	5.7	$	.5	$	3.3	$	.2


	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of December 31, 2022
Derivatives				Assets					Liabilities
				Other Current Assets		Sundry			Other Current Liabilities		Other Long-Term Liabilities







Designated as hedging instruments
Total cash flow hedges-currency hedges	Jun 2024	$	263.4	$	1.9	$	.5		$	4.3	$	.4


Total fair value hedges	Apr 2023	65.5		.3		—		1	1.0		—



Not designated as hedging instruments	Dec 2023	86.0		.2		—			.2		—
Total derivatives				$	2.4	$	.5		$	5.5	$	.4


	Income Statement Caption	Amount of Loss (Gain) Recorded in Income for the Year Ended December 31
Derivatives		2023		2022		2021

Designated as hedging instruments
Interest rate cash flow hedges 1	Interest expense	$	(.3)	$	2.3	$	4.5
Currency cash flow hedges	Net trade sales	3.7		.5		(9.6)
Currency cash flow hedges	Cost of goods sold	(2.5)		(2.8)		(.2)

Total cash flow hedges		.9		—		(5.3)
Fair value hedges	Other expense (income), net	.9		3.5		(5.9)
Not designated as hedging instruments	Other expense (income), net	3.9		(1.3)		(1.9)







Total derivative instruments		$	5.7	$	2.2	$	(13.1)

Consolidated Statements of Changes in Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Contributed Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2020		198.8
Balance, beginning of period at Dec. 31, 2020	$ 1,425.1	$ 2.0	$ 543.2	$ 2,797.2	$ (52.4)	$ (1,865.4)	$ 0.5
Beginning balance (in shares) at Dec. 31, 2020						(66.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	402.6			402.4			0.2
Dividends declared	(221.4)		5.2	(226.6)
Treasury stock purchased, (in shares)						(0.3)
Treasury stock purchased	(12.3)					$ (12.3)
Treasury stock issued, (in shares)						1.1
Treasury stock issued	10.9		(20.2)			$ 31.1
Other comprehensive income (loss), net of tax	14.0				14.1		(0.1)
Stock-based compensation, net of tax	29.6		29.6
Purchase of remaining interest in noncontrolling interest	(1.4)		(0.2)				(1.2)
Acquisition of noncontrolling interest	1.5		0.3				1.2
Ending balance (in shares) at Dec. 31, 2021		198.8
Balance, end of period at Dec. 31, 2021	1,648.6	$ 2.0	557.9	2,973.0	(38.3)	$ (1,846.6)	0.6
Ending balance (in shares) at Dec. 31, 2021						(65.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	309.9			309.8			0.1
Dividends declared	(231.5)		5.3	(236.8)
Treasury stock purchased, (in shares)						(1.7)
Treasury stock purchased	(60.3)					$ (60.3)
Treasury stock issued, (in shares)						0.9
Treasury stock issued	9.4		(15.2)			$ 24.6
Other comprehensive income (loss), net of tax	(55.2)				(55.2)
Stock-based compensation, net of tax	20.5		20.5
Ending balance (in shares) at Dec. 31, 2022		198.8
Balance, end of period at Dec. 31, 2022	$ 1,641.4	$ 2.0	568.5	3,046.0	(93.5)	$ (1,882.3)	0.7
Ending balance (in shares) at Dec. 31, 2022	(66.2)					(66.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	$ (136.8)			(136.8)
Dividends declared	(242.4)		5.7	(248.1)
Treasury stock purchased, (in shares)						(0.2)
Treasury stock purchased	(6.4)					$ (6.4)
Treasury stock issued, (in shares)						1.0
Treasury stock issued	5.7		(21.1)			$ 26.8
Other comprehensive income (loss), net of tax	49.8				49.8
Stock-based compensation, net of tax	22.7		22.7
Ending balance (in shares) at Dec. 31, 2023		198.8
Balance, end of period at Dec. 31, 2023	$ 1,334.0	$ 2.0	$ 575.8	$ 2,661.1	$ (43.7)	$ (1,861.9)	$ 0.7
Ending balance (in shares) at Dec. 31, 2023	(65.4)					(65.4)

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net earnings (loss)	$ (136.8)	$ 309.9	$ 402.6
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	40.9	(71.8)	(18.2)
Cash flow hedges	4.1	(3.5)	10.5
Defined benefit pension plans	4.8	20.1	21.7
Other comprehensive income (loss), net of tax	49.8	(55.2)	14.0
Comprehensive income (loss)	(87.0)	254.7	416.6
Less: comprehensive income attributable to noncontrolling interest	0.0	(0.1)	(0.1)
Comprehensive income (loss) attributable to Leggett & Platt, Inc.	$ (87.0)	$ 254.6	$ 416.5

Stock-Based Compensation (Flexible Stock Plan Options) (Details) - Flexible Stock Plan shares in Millions	Dec. 31, 2023 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Available for Issuance	10.9
Maximum Number of Authorized Shares (in shares)	18.9
Unexercised options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Available for Issuance	0.4
Maximum Number of Authorized Shares (in shares)	0.4
Outstanding stock units—vested
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Available for Issuance	3.5
Maximum Number of Authorized Shares (in shares)	9.6
Outstanding stock units—unvested
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Available for Issuance	1.0
Maximum Number of Authorized Shares (in shares)	2.9
Available for grant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Available for Issuance	6.0
Maximum Number of Authorized Shares (in shares)	6.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 2
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (c)(1)(iv)(01)
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 26: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Acquisitions (Estimated Fair Values of The Assets Acquired And Liabilities Assumed) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2023
Business Acquisition [Line Items]
Property, plant and equipment	$ 100.9	$ 167.9	$ 0.0
Goodwill	1,474.4	1,449.6	$ 1,489.8
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Accounts receivable	37.8	18.3
Inventories	43.0	17.0
Property, plant and equipment	16.6	16.4
Goodwill	42.5	70.9
Other current and long-term assets	9.1	5.5
Current liabilities	(54.7)	(39.2)
Deferred income taxes	(17.7)	(11.9)
Other long-term liabilities	(5.0)	(4.7)
Fair value of net identifiable assets	112.2	152.6
Less: additional consideration (receivable)	(1.3)
Less: additional contingent consideration payable	30.2	0.0
Net cash consideration	83.3	152.6
Series of Individually Immaterial Business Acquisitions \| Customer Relationships
Business Acquisition [Line Items]
Other intangible assets	$ 22.0	64.9
Useful Life Range	15 years
Series of Individually Immaterial Business Acquisitions \| Technology
Business Acquisition [Line Items]
Other intangible assets	$ 11.3	5.5
Series of Individually Immaterial Business Acquisitions \| Trademarks and Trade Names
Business Acquisition [Line Items]
Other intangible assets	7.1	7.2
Series of Individually Immaterial Business Acquisitions \| Noncompete Agreements
Business Acquisition [Line Items]
Other intangible assets	$ 0.2	$ 2.7
Series of Individually Immaterial Business Acquisitions \| Minimum \| Technology
Business Acquisition [Line Items]
Useful Life Range	8 years
Series of Individually Immaterial Business Acquisitions \| Minimum \| Trademarks and Trade Names
Business Acquisition [Line Items]
Useful Life Range	15 years
Series of Individually Immaterial Business Acquisitions \| Minimum \| Noncompete Agreements
Business Acquisition [Line Items]
Useful Life Range	1 year
Series of Individually Immaterial Business Acquisitions \| Maximum \| Technology
Business Acquisition [Line Items]
Useful Life Range	10 years
Series of Individually Immaterial Business Acquisitions \| Maximum \| Trademarks and Trade Names
Business Acquisition [Line Items]
Useful Life Range	20 years
Series of Individually Immaterial Business Acquisitions \| Maximum \| Noncompete Agreements
Business Acquisition [Line Items]
Useful Life Range	5 years

Subsequent Events

12 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

Subsequent Events

In the first quarter of 2024, we committed to a restructuring plan, primarily associated with our Bedding Products segment and, to a lesser extent, our Furniture, Flooring & Textile Products segment (the “Restructuring Plan” or “Plan”), which is expected to be substantially complete by the end of 2025.

In the Bedding Products segment we plan to consolidate between 15 and 20 production and distribution facilities (out of 50) and a small number of production facilities in our Furniture, Flooring & Textile Products segment.

We expect to incur restructuring and restructuring-related costs between $65.0 and $85.0, of which approximately half are anticipated to be incurred in 2024 and the remainder in 2025. This includes $30.0 to $40.0 in future cash costs, the majority of which are anticipated to be incurred in 2024. The expected breakout of these costs is shown below:


			Total Amount Expected to be Incurred
Restructuring
Employee termination costs			$10.0 to $15.0
Facility closure, asset relocation, and other			20.0 to 25.0
Restructuring-related costs
Accelerated depreciation or long-lived asset impairments			25.0 to 30.0
Inventory obsolescence and other			10.0 to 15.0
Total estimated pretax cost			$65.0 to $85.0

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

Summary of Significant Accounting Policies

PRINCIPLES OF CONSOLIDATION: The consolidated financial statements include the accounts of Leggett & Platt, Incorporated and its subsidiaries (“we” or “our”). Management does not expect foreign exchange restrictions to significantly impact the ultimate realization of amounts consolidated in the accompanying financial statements for subsidiaries located outside the United States. All intercompany transactions and accounts have been eliminated in consolidation.

ESTIMATES: The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and the accrual and disclosure of loss contingencies.

CASH EQUIVALENTS: Cash equivalents include cash in excess of daily requirements, which is invested in various financial instruments with original maturities of three months or less. Restricted cash was less than $7.5 in the years presented and was primarily related to restricted deposits against a short-term borrowing arrangement of a foreign entity.

TRADE AND OTHER RECEIVABLES AND ALLOWANCE FOR DOUBTFUL ACCOUNTS: Trade receivables are recorded at the invoiced amount and generally do not bear interest. Credit is also occasionally extended in the form of a note receivable to facilitate our customers’ operating cycles. Other notes receivable are established in special circumstances, such as in partial payment for the sale of a business or to support other business opportunities. Other notes receivable generally bear interest at market rates commensurate with the corresponding credit risk on the date of origination.

We participate in trade receivables sales programs in combination with third-party banking institutions and certain customers. Under each of these programs, we sell our entire interest in the trade receivable for 100% of face value, less a discount. Because control of the sold receivable is transferred to the buyer at the time of sale, accounts receivable balances sold are removed from the Consolidated Balance Sheets and the related proceeds are reported as cash provided by operating activities in the Consolidated Statements of Cash Flows. We had approximately $60.0 and $65.0 of trade receivables that were sold and removed from our Consolidated Balance Sheets at December 31, 2023 and 2022, respectively.

The above items encompass multiple individual programs that are are utilized as tools in our cash flow management, and we offer them as options to facilitate customer operating cycles. Because many of these programs operate independently, and a cessation of all these programs at the same time is not reasonably likely, we do not expect changes in these programs to have a material impact on our operating cash flows or liquidity.

The allowance for doubtful accounts is an estimate of the amount of probable credit losses. Allowances and nonaccrual status designations are determined by individual account reviews by management and are based on several factors, such as the length of time that receivables were past due, the financial health of the companies involved, industry and macroeconomic considerations, and historical loss experience. We also utilize a pool approach to group our receivables with similar risk characteristics. Our pools correspond with our business units, which generally have similar terms, industry-specific conditions, and historical or expected loss patterns. Reserves are established for each pool based on their level of risk exposure. When credit deterioration occurs on a specific customer within a pool, we evaluate the receivable separately to estimate the expected credit loss, based on the specific risk characteristics. A qualitative reserve is also established for any current macroeconomic conditions or reasonable and supportable forecasts that could impact the expected collectability of all or a portion of our receivables portfolio.

Account balances are charged against the allowance when it is probable the receivable will not be recovered. Interest income is not recognized for nonperforming accounts that are placed on nonaccrual status. For accounts on nonaccrual status, any interest payments received are applied against the balance of the nonaccrual account.

ACCOUNTS PAYABLE: Accounts payable are recorded at the invoiced amount for services at the time they are rendered and for inventory based on the delivery terms of the purchase. We sometimes utilize third-party programs that allow our suppliers to be paid earlier at a discount. While these programs assist us in negotiating payment terms with our suppliers, we continue to make payments based on our customary terms. A supplier can elect to take payment from a third party earlier with a discount, and in that case, we pay the third party on the original due date of the invoice. Contracts with

our suppliers are negotiated independently of supplier participation in the programs, and we cannot increase payment terms pursuant to the programs. The accounts payable settled through the third-party programs, which remain on our Consolidated Balance Sheets, were approximately $105.0 and $80.0 at December 31, 2023 and 2022, respectively.

While we utilize the above programs as tools in our cash flow management and offer them as options to facilitate vendor operating cycles, if there were to be a cessation of these programs, we do not expect it would materially impact our operating cash flows or liquidity.

INVENTORIES:

The following table recaps the components of inventory for each period presented:


	December 31, 2023		December 31, 2022
Finished goods	$	361.3	$	389.9
Work in process	73.5		71.1
Raw materials and supplies	384.9		446.5

Inventories	$	819.7	$	907.5

All inventories are stated at the lower of cost or net realizable value. For the majority of our inventories, we use the first-in, first-out method which is representative of our standard costs (includes materials, labor, and production overhead at normal production capacity). Remaining inventories are valued using an average-cost method. Inventories are reviewed at least quarterly for slow-moving and potentially obsolete items using actual inventory turnover and, if necessary, are written down to estimated net realizable value.

LOSS CONTINGENCIES: Loss contingencies are accrued when a loss is probable and reasonably estimable. If a range of outcomes is possible, the most likely outcome is used to accrue these costs. If no outcome is more likely, we accrue at the minimum amount of the range. Any insurance recovery is recorded separately if it is determined that a recovery is probable. Legal fees are accrued when incurred.

ACQUISITIONS: When acquisitions occur, we value the assets acquired, liabilities assumed, and any noncontrolling interest in acquired companies at estimated acquisition-date fair values. Goodwill is measured as the excess amount of consideration transferred, compared to fair value of the assets acquired and the liabilities assumed. While we use our best estimates and assumptions to accurately value these items at the acquisition date (as well as contingent consideration, where applicable), our estimates are inherently uncertain and subject to refinement during the measurement period, which may be up to one year from the acquisition date.

We utilize the following methodologies in determining fair value:

•Inventory is valued at current replacement cost for raw materials, with a step-up for work in process and finished goods items that reflects the amount of ultimate profit earned as of the valuation date.

•Other working capital items are generally recorded at carrying value, unless there are known conditions that would impact the ultimate settlement amount of the particular item.

•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.

•The most common identified intangible assets are customer relationships, technology, trademarks, and trade names. Discount rates discussed below are typically derived from a weighted-average cost of capital analysis and adjusted to reflect inherent risks.

◦Customer relationships are valued using an excess earnings method with various inputs, such as the estimated customer attrition rate, revenue growth rate, operating margins, the amount of contributory asset charges, and an appropriate discount rate. The economic useful life is determined based on historical customer turnover rates.

◦Technology, trademarks, and trade names are typically valued using a relief-from-royalty method with various inputs, such as comparable market royalty rates for items of similar value, future earnings forecast, an appropriate discount rate, and a replacement rate for technology. The economic useful life is determined based on the expected life of the technology, trademarks, and trade names.

PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment is stated at cost, less accumulated depreciation, and depreciated using the straight-line method over the estimated useful lives. Salvage value, if any, is assumed to be minimal. Accelerated methods are used for tax purposes. These assets are reviewed for recoverability as discussed below in Long-Lived Assets Impairment Evaluation.


	Useful Life Range	Weighted Average Life
Machinery and equipment	5-30 years	13 years
Buildings	4-40 years	26 years
Other items	5-15 years	11 years

LEASES: At the inception of a contract, we assess whether a contract is, or contains, a lease. Our assessment is based on whether the contract involves the use of a distinct identified asset, whether we obtain the right to substantially all the economic benefit of the asset, and whether we have the right to direct the use of the asset.

Where renewal or termination options are reasonably likely to be exercised, we recognize the option as part of the right-of-use asset and lease liability. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term.

As most of our leases do not provide an implicit rate, we use our incremental borrowing rate in determining the present value of the lease payments. We apply a portfolio approach for determining the incremental borrowing rate based on the applicable lease terms and the economic environment in the various regions where our operations are located.

Right-of-use assets are reviewed for recoverability as discussed below in Long-Lived Assets Impairment Evaluation.

GOODWILL: Goodwill results from the acquisition of existing businesses. It is assessed for impairment annually and as triggering events may occur. Our seven reporting units are the business groups one level below the operating segment level for which discrete financial information is available. We perform our annual review in the second quarter of each year using a quantitative analysis, comparing the fair value of each reporting unit with its carrying amount. An impairment charge is recognized for the amount by which the carrying amount exceeds the reporting unit's fair value, up to the total amount of goodwill for the reporting unit.

Fair value of reporting units is determined using a combination of two valuation methods: a market approach and an income approach. Absent an indication of fair value from a potential buyer or similar specific transaction, we believe that the use of these two methods provides a reasonable estimate of a reporting unit’s fair value. Assumptions common to both methods are operating plans and economic projections, which are used to project future revenues, earnings, and after-tax cash flows for each reporting unit. These assumptions are applied consistently for both methods.

The market approach estimates fair value by first determining price-to-earnings ratios for comparable publicly-traded companies with similar characteristics of the reporting unit. The price-to-earnings ratio for comparable companies is based upon current enterprise value compared to the projected earnings for the next two years. The enterprise value is based upon current market capitalization and includes a control premium. Projected earnings are based upon market analysts’ projections. The earnings ratios are applied to the projected earnings of the comparable reporting unit to estimate fair value. Management believes this approach is appropriate because it provides a fair value estimate using multiples from entities with operations and economic characteristics comparable to our reporting units.

The income approach is based on projected future (debt-free) cash flow that is discounted to present value using factors that consider the timing and risk of future cash flows. Management believes that this approach is appropriate because it provides a fair value estimate based upon the reporting unit’s expected long-term operating cash flow performance. Discounted cash flow projections are based on 5-year financial forecasts developed from operating plans and economic projections noted above, sales growth, estimates of future expected changes in operating margins, an appropriate discount rate, terminal value growth rates, future capital expenditures, and changes in working capital requirements. There are inherent assumptions and judgments required in the analysis of goodwill impairment. It is possible that assumptions underlying the impairment analysis will change in such a manner that impairment in value may occur in the future.

OTHER INTANGIBLE ASSETS: Other intangibles are stated at cost, less accumulated amortization, and substantially all are amortized using the straight-line method over their estimated useful lives. These assets are evaluated for impairment as discussed below in Long-Lived Assets Impairment Evaluation.


	Useful Life Range	Weighted Average Life
Other intangible assets	7-20 years	15 years

LONG-LIVED ASSETS IMPAIRMENT EVALUATION: Long-lived assets are reviewed for recoverability at year end and whenever events or changes in circumstances indicate carrying values may not be recoverable. Fair value is calculated using similar methodologies as discussed above in Acquisitions.

Assets Held and Used—Assets are tested for recoverability at the asset group level. If the carrying value of an asset group exceeds its undiscounted expected cash flows, then a fair value analysis is performed. An impairment charge is recognized if the carrying value exceeds the fair value.

Assets Held for Sale—An asset or business is classified as held for sale when (i) management commits to a plan to sell and it is actively marketed; (ii) it is available for immediate sale and the sale is expected to be completed within one year; and (iii) it is unlikely significant changes to the plan will be made or that the plan will be withdrawn. Upon being classified as held for sale, a recoverability test is performed, and an impairment charge is recognized if the carrying value exceeds the fair value less cost to sell. These assets are no longer depreciated or amortized. Assets held for sale were not material for the years presented.

STOCK-BASED COMPENSATION: The cost of employee services received in exchange for all equity awards granted is based on the fair market value of the award as of the grant date. Expense is recognized net of an estimated forfeiture rate using the straight-line method over the vesting period of the award.

REVENUE RECOGNITION: We recognize revenue when performance obligations, under the terms of a contract with our customers, are satisfied. Substantially all of our revenue is recognized upon transfer of control of our products to our customers, which is generally upon shipment from our facilities or upon delivery to our customers' facilities, and is dependent on the terms of the specific contract. This conclusion considers the point at which our customers have the ability to direct the use of and obtain substantially all of the remaining benefits of the products that were transferred. Substantially all performance obligations are satisfied within one year or less.

The amount of consideration we receive and revenue we recognize varies with changes in various sales allowances, discounts, and rebates (variable consideration) that we offer to our customers. We reduce revenue by our estimates of variable consideration, based on contract terms and historical experience. Changes in estimates of variable consideration for the periods presented were not material.

Some of our customers have the right to return products after transfer. For this right, we recognize an estimated refund liability and a corresponding reduction to revenue, based on historical returns experience. We also record an asset and a corresponding reduction to cost of sales for our right to recover products from customers upon settling the refund liability. We reduce the carrying amount of these assets by estimates of costs associated with the recovery and any additional expected reduction in value. Our refund liability and the corresponding asset associated with our right to recover products from our customers were immaterial for the periods presented.

We expect that at contract inception, the time period between when we transfer a promised good to our customer and our receipt of payment from that customer for that good will be one year or less (our typical trade terms are 30 to 60 days for U.S. customers and up to 90 days for our international customers). We generally expense costs of obtaining a contract because the amortization period would be one year or less. Sales, value added, and other taxes collected in connection with revenue-producing activities are excluded from revenue.

SHIPPING AND HANDLING FEES AND COSTS: Shipping and handling costs are included as a component of “Cost of goods sold.”

RESTRUCTURING COSTS: Restructuring costs are items such as employee termination, contract termination, plant closure, and asset relocation costs related to exit activities or workforce reductions. Restructuring-related items are primarily inventory writedowns. We recognize a liability for costs associated with an exit or disposal activity when the liability is incurred. Certain termination benefits for which employees are required to render service are recognized ratably over the respective future service periods.

INCOME TAXES: The provision for income taxes is determined using the asset and liability approach of accounting for income taxes. Under this approach, deferred taxes represent the future tax consequences expected to occur when the reported amounts of assets and liabilities are recovered or paid. The provision for income taxes represents income taxes paid or payable for the current year plus the change in deferred taxes during the year. Deferred taxes result from differences between the financial and tax basis of our assets and liabilities and are adjusted for changes in tax rates and laws, as appropriate. A valuation allowance is provided to reduce deferred tax assets when management cannot conclude that it is more likely than not that a tax benefit will be realized. A provision is also made for incremental withholding taxes on undistributed earnings of foreign subsidiaries and related companies to the extent that such earnings are not deemed to be indefinitely invested.

The calculation of our U.S., state, and foreign tax liabilities involves dealing with uncertainties in the application of complex global tax laws. We recognize potential liabilities for anticipated tax issues which might arise in the U.S. and other tax jurisdictions based on management’s estimate of whether, and the extent to which, additional taxes will be due. If payment of these amounts ultimately proves to be unnecessary, the reversal of the liabilities would result in tax benefits being recognized in the period when we determine the liabilities are no longer necessary. Conversely, if the estimate of tax liabilities proves to be less than the ultimate tax assessment, a further charge to tax expense would result.

CONCENTRATION OF CREDIT RISKS, EXPOSURES, AND FINANCIAL INSTRUMENTS: We manufacture, market, and distribute products for the various end markets described in Note E. Our operations are principally located in the United States, although we also have operations in Europe, China, Canada, Mexico, and other countries.

We maintain allowances for potential credit losses. We perform ongoing credit evaluations of our customers’ financial conditions and generally require no collateral from our customers, some of which are highly leveraged. Management also monitors the financial condition and status of other notes receivable. Other notes receivable have historically primarily consisted of notes accepted as partial payment for the divestiture of a business or to support other business opportunities. Some of these companies are highly leveraged and the notes are not fully collateralized.

We have no material guarantees or liabilities for product warranties which require disclosure.

From time to time, we will enter into contracts to hedge foreign currency denominated transactions and interest rates related to our debt. To minimize the risk of counterparty default, only highly-rated financial institutions that meet certain requirements are used. We do not anticipate that any of the financial institution counterparties will default on their obligations.

The carrying value of cash and short-term financial instruments approximates fair value due to the short maturity of those instruments

OTHER RISKS: Although we obtain insurance for workers’ compensation, automobile, product and general liability, property loss, and medical claims, we have elected to retain a significant portion of expected losses through the use of deductibles. Accrued liabilities include estimates for unpaid reported claims and for claims incurred but not yet reported. Provisions for losses are recorded based upon reasonable estimates of the aggregate liability for claims incurred utilizing our prior experience and information provided by our third-party administrators and insurance carriers.

DERIVATIVE FINANCIAL INSTRUMENTS: We utilize derivative financial instruments to manage market and financial risks related to foreign currency and interest rates. We seek to use derivative contracts that qualify for hedge accounting treatment; however, some instruments that economically manage currency risk may not qualify for hedge accounting treatment. It is our policy not to speculate using derivative instruments.

Under hedge accounting, we formally document our hedge relationships, including identification of the hedging instruments and the hedged items, as well as our risk management objectives and strategies for entering into the hedge transaction. The process includes designating derivative instruments as hedges of specific assets, liabilities, firm commitments, or forecasted transactions. We also formally assess, both at inception and on a quarterly basis thereafter, whether the underlying transactions are probable of occurring. If it is determined that an underlying transaction is probable of not occurring, deferred gains or losses are recorded in the Consolidated Statements of Operations on the same line item as the hedged item.

On the date the contract is entered into, we designate the derivative as one of the following types of hedging instruments and account for it as follows:

Cash Flow Hedge—The hedge of a forecasted transaction or of the variability of cash flows to be received or paid, related to a recognized asset or liability or anticipated transaction, is designated as a cash flow hedge. The change in fair value is recorded in accumulated other comprehensive income. When the hedged item impacts the income statement, the gain or loss included in "Other comprehensive income (loss)" is reported on the same line of the Consolidated Statements of Operations as the hedged item, to match the gain or loss on the derivative to the gain or loss on the hedged item. Specifically, we regularly use currency cash flow hedges to manage risk associated with exchange rate volatility of various currencies and occasionally use interest rate cash flow hedges to manage interest rate risks. 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 Hedge and Derivatives not Designated as Hedging Instruments—These derivatives typically manage foreign currency risk associated with subsidiaries’ assets and liabilities or unrecognized firm commitments. The changes in fair value of the derivative, along with the gain or loss on the hedged item that is attributable to the hedged risk, are recorded in earnings and reported in the Consolidated Statements of Operations, and in the case of fair value

hedges, on the same line as the hedged item. Cash flows from settled contracts are presented in the category consistent with the nature of the item being hedged.

FOREIGN CURRENCY TRANSLATION: The functional currency for most foreign operations is the local currency. The translation of foreign currencies into U.S. dollars is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for income and expense accounts using monthly average exchange rates. The cumulative effects of translating the functional currencies into the U.S. dollar are included in comprehensive income.

RECLASSIFICATIONS: Certain immaterial reclassifications have been made to the prior years’ information in the Consolidated Financial Statements and related notes to conform to the 2023 presentation.

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 future periods that are most relevant to our financial statements:

To be adopted in future years

•ASU 2023-07 "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures": This ASU requires additional disclosures about reportable segments' expenses and other items on an interim and annual basis. This guidance will be effective for annual periods beginning January 1, 2024, and interim periods beginning January 1, 2025. We are currently evaluating the impact of adopting this guidance.

•ASU 2023-09 "Income Taxes (Topic 740): Improvements to Income Tax Disclosures": This ASU requires disclosure of specific categories in the rate reconciliation and income taxes paid disaggregated by jurisdiction. This guidance will be effective for annual periods beginning January 1, 2025. We are currently evaluating the impact of adopting this guidance.

The FASB has issued accounting guidance, in addition to the issuance discussed above, effective for current and future periods. This guidance did not have a material impact on our current financial statements, and we do not believe it will have a material impact on our future financial statements.

SEGMENT INFORMATION - Summary of Segment Results from Continuing Operations (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment	3
Segment Reporting Information [Line Items]
Net trade sales	$ 4,725,300,000	$ 5,146,700,000	$ 5,072,600,000
EBIT	(90,400,000)	485,000,000.0	596,000,000.0
Depreciation and Amortization	179,900,000	179,800,000	187,300,000
Long-lived asset impairment	443,700,000	0	0
Bedding Products
Segment Reporting Information [Line Items]
Net trade sales	1,964,700,000	2,356,300,000	2,455,900,000
Gain on the sale of real estate			28,200,000
Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	1,279,800,000	1,118,300,000	998,900,000
Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	1,480,800,000	1,672,100,000	1,617,800,000
Trade sales
Segment Reporting Information [Line Items]
Net trade sales	4,770,400,000	5,203,900,000	5,133,700,000
Trade sales \| Bedding Products
Segment Reporting Information [Line Items]
Net trade sales	1,996,600,000	2,396,800,000	2,500,000,000
EBIT	(344,200,000)	219,600,000	321,300,000
Depreciation and Amortization	103,900,000	104,100,000	106,800,000
Trade sales \| Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	1,281,300,000	1,120,500,000	1,002,500,000
EBIT	125,000,000.0	99,400,000	115,900,000
Depreciation and Amortization	41,100,000	40,500,000	44,800,000
Trade sales \| Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	1,492,500,000	1,686,600,000	1,631,200,000
EBIT	128,600,000	165,000,000.0	159,500,000
Depreciation and Amortization	22,500,000	23,200,000	24,000,000.0
Intersegment eliminations
Segment Reporting Information [Line Items]
Net trade sales	45,100,000	57,200,000	61,100,000
EBIT	200,000	1,000,000.0	(700,000)
Depreciation and Amortization	12,400,000	12,000,000.0	11,700,000
Intersegment eliminations \| Bedding Products
Segment Reporting Information [Line Items]
Net trade sales	31,900,000	40,500,000	44,100,000
Intersegment eliminations \| Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	1,500,000	2,200,000	3,600,000
Intersegment eliminations \| Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	$ 11,700,000	$ 14,500,000	$ 13,400,000

Accounts and Other Receivables

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Accounts and Other Receivables

Accounts and other receivables at December 31 consisted of the following:


	2023				2022
	Current		Long-term		Current		Long-term
Total trade receivables	$	575.4	$	—	$	626.8	$	—
Allowance for doubtful accounts - trade receivables	(10.5)		—		(17.8)		—
Trade receivables, net	$	564.9	$	—	$	609.0	$	—

Other notes receivable	$	—	$	1.2	$	—	$	22.4
Taxes receivable, including income taxes	3.1		—		5.0		—
Value-added taxes (VAT) recoverable 1	56.6		—		45.4		—
Other receivables	12.7		—		15.6		—
Allowance for doubtful accounts - other notes receivable	—		—		—		(21.2)
Other receivables, net	$	72.4	$	1.2	$	66.0	$	1.2

1 We have experienced VAT refund delays from the Mexican government. These balances include $48.2 and $36.5 at December 31, 2023 and December 31, 2022, respectively, of Mexico VAT recoverable. We believe that these are fully collectible.

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


	Balance at December 31, 2021		Change in Provision		Less: Net Charge-offs/(Recoveries) and Other		Balance at December 31, 2022		Change in Provision 1		Less: Net Charge-offs/(Recoveries) and Other		Balance at December 31, 2023


Total trade receivables	$	15.0	$	4.0	$	1.2	$	17.8	$	(5.8)	$	1.5	$	10.5


Other notes receivable	22.0		(.8)		—		21.2		(.7)		20.5		—

Total allowance for doubtful accounts	$	37.0	$	3.2	$	1.2	$	39.0	$	(6.5)	$	22.0	$	10.5

1 We decreased our allowance for doubtful accounts in 2023 based on the following considerations: Because of uncertainty around long-term impacts of the COVID-19 pandemic, we increased our allowance for general macroeconomic conditions by $6.0 in 2020. We have made small adjustments to this component of our reserves over the last few years for various economic signals, but we continued to hold most of this reserve (applicable to the entire portfolio) until we could reasonably conclude that COVID would not impact collectability into the future. During 2023, we reduced the COVID component of our reserve, but added a component for other macroeconomic items (such as higher interest rates, geopolitical tension, and economic uncertainty). The net impact of this change was $4.0 favorable to our allowance for doubtful accounts. In addition, 2023's allowance was reduced as accounts receivable balances were lower in 2023 as compared to 2022, including balances on specifically-reserved accounts and receipt of payments on some accounts that were previously fully reserved.

Employee Benefit Plans (Schedule of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans [Roll Forward]
Amortization	$ (1.3)	$ (2.5)	$ (5.3)
Net (loss) gain (before tax)
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans [Roll Forward]
Net (loss) gain (before tax) beginning balance	(26.8)
Amortization	1.3
Net actuarial loss	5.2
Foreign currency exchange rates change	(0.2)
Income tax change	0.0
Net (loss) gain (before tax) ending balance	(20.5)	(26.8)
Deferred income taxes
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans [Roll Forward]
Deferred income taxes beginning balance	8.4
Amortization	0.0
Net actuarial loss	0.0
Foreign currency exchange rates change	0.0
Income tax change	(1.5)
Deferred income taxes ending balance	6.9	8.4
Accumulated other comprehensive income (loss) (net of tax)
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans [Roll Forward]
Accumulated other comprehensive income (loss) net of tax beginning balance	(18.4)
Amortization	1.3
Net actuarial loss	5.2
Foreign currency exchange rates change	(0.2)
Income tax change	(1.5)
Accumulated other comprehensive income (loss) net of tax ending balance	$ (13.6)	$ (18.4)

Valuation And Qualifying Accounts And Reserves

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation And Qualifying Accounts And Reserves

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

(Amounts in millions)


Column A	Column B		Column C		Column D			Column E
			Additions
Description	Balance at beginning of period		Charged to cost and expenses		Deductions			Balance at end of period
Year ended December 31, 2023
Allowance for doubtful receivables	$	39.0	$	(6.5)	$	22.0	1	$	10.5

Tax valuation allowance	$	15.7	$	.8	$	(1.2)		$	17.7

Year ended December 31, 2022
Allowance for doubtful receivables	$	37.0	$	3.2	$	1.2	1	$	39.0

Tax valuation allowance	$	16.2	$	(.4)	$	.1		$	15.7

Year ended December 31, 2021
Allowance for doubtful receivables	$	42.0	$	(3.4)	$	1.6	1	$	37.0

Tax valuation allowance	$	18.1	$	(.1)	$	1.8		$	16.2

1Uncollectible accounts charged off, net of recoveries. The 2023 deduction includes $20.5 for a charge-off of a non-trade note receivable that was fully reserved in prior years.

Lease Obligations (Supplemental Balance Sheet) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease right-of-use assets	$ 193.2	$ 195.0
Current portion of operating lease liabilities	57.3	49.5
Operating lease liabilities	150.5	153.6
Total operating lease liabilities	207.8	203.1
Sundry	4.0	4.2
Current maturities of long-term debt	1.2	1.1
Long-term debt	2.8	3.1
Total finance lease liabilities	$ 4.0	$ 4.2
Finance lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Sundry	Sundry
Finance lease, liability, current, statement of financial position [Extensible Enumeration]	Current maturities of long-term debt and short-term debt	Current maturities of long-term debt and short-term debt
Finance lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Long-term debt	Long-term debt

Impairment Charges (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes In The Carrying Amounts Of Goodwill


2023
Fair Value over Carrying Value divided by Carrying Value	December 31, 2023 Goodwill Value		Compound Annual Growth Rate (CAGR) Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50%	$	1,018.1	1-17%	3	%	10-12%
50-100%	99.6		< 1	3		8
101-300%	372.1		3-6	3		8-10

	$	1,489.8	< 1-17%	3	%	8-12%


2022
Fair Value over Carrying Value divided by Carrying Value	December 31, 2022 Goodwill Value		CAGR Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50%	$	107.8	4-9%	3	%	12%
50-100%	998.7		3-5	3		10
101-300%	248.3		1-3	3		10
Greater than 300%	119.6		8	3		12
	$	1,474.4	1-9%	3	%	10-12%


	Fair value in excess of carrying value for the goodwill impairment testing performed during						Goodwill
	Triggering event Fourth quarter 2023		Annual testing Second quarter 2023		Annual testing Second quarter 2022		As of December 31, 2023		As of December 31, 2022
Reporting unit with a triggering event
Bedding 1	19	%	40	%	54	%	$	906.5	$	900.3

Reporting units with no triggering event
Work Furniture			74		78		99.6		98.4
Aerospace Products			44		40		67.0		66.3
Hydraulic Cylinders 2			18		32		44.6		41.5

1 The fourth quarter 2023 testing for the Bedding reporting unit included the impacts of the long-lived asset impairments discussed above. It also assumed a compound annual growth rate for sales of 2% and a discount rate of 10%.
2 At the time of our annual goodwill impairment testing in second quarter 2022, there was no goodwill associated with this reporting unit, but an August 2022 (see Note Q) acquisition added goodwill.

The changes in the carrying amounts of goodwill are as follows:


	Bedding Products		Specialized Products		Furniture, Flooring & Textile Products		Total
Net goodwill as of January 1, 2022	$	908.3	$	192.7	$	348.6	$	1,449.6
Additions for current year acquisitions	—		39.0		3.5		42.5
Adjustments to prior year acquisitions	—		.3		—		.3
Allocations to divested businesses	(.3)		—		—		(.3)


Foreign currency translation adjustment	(7.7)		(4.6)		(5.4)		(17.7)
Net goodwill as of December 31, 2022	900.3		227.4		346.7		1,474.4

Adjustments to prior year acquisitions	—		2.9		.8		3.7



Foreign currency translation adjustment	6.2		3.4		2.1		11.7
Net goodwill as of December 31, 2023	$	906.5	$	233.7	$	349.6	$	1,489.8

Net goodwill as of December 31, 2023 is comprised of:
Gross goodwill	$	911.9	$	325.8	$	600.2	$	1,837.9
Accumulated impairment losses	(5.4)		(92.1)		(250.6)		(348.1)
Net goodwill as of December 31, 2023	$	906.5	$	233.7	$	349.6	$	1,489.8

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

+ Details

Lease Obligations (Lease Maturities) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
2024	$ 62.2
2025	51.7
2026	42.1
2027	28.3
2028	13.9
Thereafter	22.4
Total	220.6
Less: interest	12.8
Lease liability	207.8	$ 203.1
Finance Leases
2024	1.3
2025	1.2
2026	0.9
2027	0.5
2028	0.2
Thereafter	0.1
Total	4.2
Less: interest	0.2
Lease liability	$ 4.0	$ 4.2
Weighted average remaining lease term (years)
Operating leases (in years)	4 years 7 months 6 days
Finance leases (In years)	3 years 7 months 6 days
Weighted average discount rate
Operating leases (as a percent)	2.80%
Finance leases (as a percent)	2.70%

Income Taxes (Deferred Tax Assets or Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Income Tax Contingency [Line Items]
Assets	$ 151.3	$ 120.6
Liabilities	(221.6)	(319.3)
Valuation allowance	(17.7)	(15.7)
Total deferred taxes assets	133.6	104.9
Net deferred tax liability	(88.0)	(214.4)
Interest expense limitation	14.2
Deferred tax assets, intangible assets	11.9
Deferred tax liabilities, intangible assets	96.3
Deferred tax assets, research and development	7.0
Property, plant and equipment
Income Tax Contingency [Line Items]
Assets	14.7	15.0
Liabilities	(80.7)	(80.2)
Inventories
Income Tax Contingency [Line Items]
Assets	6.5	6.6
Liabilities	(1.0)	(6.5)
Accrued expenses
Income Tax Contingency [Line Items]
Assets	52.7	52.6
Liabilities	(0.6)	(0.9)
Net operating losses and other tax carryforwards
Income Tax Contingency [Line Items]
Assets	39.8	25.6
Liabilities	0.0	0.0
Pension cost and other post-retirement benefits
Income Tax Contingency [Line Items]
Assets	5.6	7.5
Liabilities	(0.9)	(0.8)
Intangible assets
Income Tax Contingency [Line Items]
Assets	12.0	0.1
Liabilities	(108.2)	(204.5)
Derivative financial instruments
Income Tax Contingency [Line Items]
Assets	0.5	0.6
Liabilities	(4.2)	(3.8)
Tax on undistributed earnings (primarily from Canada and China)
Income Tax Contingency [Line Items]
Assets	0.0	0.0
Liabilities	(18.5)	(17.0)
Uncertain tax positions
Income Tax Contingency [Line Items]
Assets	0.7	0.8
Liabilities	0.0	0.0
Other
Income Tax Contingency [Line Items]
Assets	18.8	11.8
Liabilities	$ (7.5)	$ (5.6)

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of period	$ 1,641.4	$ 1,648.6	$ 1,425.1
Other comprehensive income (loss)	45.2	(51.7)	20.4
Reclassifications, pretax	7.2	2.0	4.7
Income tax effect	(2.6)	(5.5)	(11.1)
Attributable to noncontrolling interest			0.1
Balance, end of period	1,334.0	1,641.4	1,648.6
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of period	(93.5)	(38.3)	(52.4)
Balance, end of period	(43.7)	(93.5)	(38.3)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of period	(83.5)	(11.7)	6.4
Other comprehensive income (loss)	40.9	(71.8)	(18.2)
Reclassifications, pretax	0.0	0.0	0.0
Income tax effect	0.0	0.0	0.0
Attributable to noncontrolling interest			0.1
Balance, end of period	(42.6)	(83.5)	(11.7)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of period	8.4	11.9	1.4
Other comprehensive income (loss)	3.0	(3.7)	14.6
Reclassifications, pretax	2.2	(0.5)	(0.6)
Income tax effect	(1.1)	0.7	(3.5)
Attributable to noncontrolling interest			0.0
Balance, end of period	12.5	8.4	11.9
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, beginning of period	(18.4)	(38.5)	(60.2)
Other comprehensive income (loss)	1.3	23.8	24.0
Reclassifications, pretax	5.0	2.5	5.3
Income tax effect	(1.5)	(6.2)	(7.6)
Attributable to noncontrolling interest			0.0
Balance, end of period	$ (13.6)	$ (18.4)	$ (38.5)

Lease Obligations

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lease Obligations

Substantially all of our operating lease right-of-use assets and operating lease liabilities represent leases for certain operating facilities, warehouses, office space, trucking equipment, and various other assets. Finance lease balances consist of vehicle and certain equipment leases. Our leases have terms that expire at various dates through 2039, some of which include options to extend or terminate the leases at our discretion.

At December 31, 2023, we had $10.6 of additional operating leases that had not yet commenced. These leases will commence in 2024 with average lease terms of seven years.

Supplemental balance sheet information related to leases was as follows:


	December 31
	2023		2022
Operating leases:
Operating lease right-of-use assets	$	193.2	$	195.0

Current portion of operating lease liabilities	$	57.3	$	49.5
Operating lease liabilities	150.5		153.6
Total operating lease liabilities	$	207.8	$	203.1

Finance leases:
Sundry	$	4.0	$	4.2

Current maturities of long-term debt	$	1.2	$	1.1
Long-term debt	2.8		3.1
Total finance lease liabilities	$	4.0	$	4.2

The components of lease expense were as follows:


	Year Ended December 31
	2023		2022		2021
Operating lease costs:
Lease costs	$	65.4	$	56.1	$	50.1
Variable lease costs	18.6		15.1		15.4
Total operating lease costs	$	84.0	$	71.2	$	65.5

Short-term lease costs	$	6.6	$	6.6	$	7.0

Finance lease costs:
Amortization of right-of-use assets	$	1.8	$	1.7	$	1.7
Interest on lease liabilities	.1		.1		.1
Total finance lease costs	$	1.9	$	1.8	$	1.8

Total lease costs	$	92.5	$	79.6	$	74.3

Variable lease costs consist primarily of taxes, insurance, and common-area or other maintenance costs for our leased facilities and equipment, which are paid based on actual costs incurred by the lessor.

Supplemental cash flow information related to leases was as follows:


	Year Ended December 31
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	60.4	$	52.4	$	48.6
Operating cash flows from finance leases	.1		.1		.1
Financing cash flows from finance leases	1.8		1.7		1.7

Right-of-use assets obtained in exchange for new operating lease liabilities	59.8		53.0		74.0
Right-of-use assets obtained in exchange for new finance lease liabilities	1.4		1.4		1.9

The following table reconciles the undiscounted cash flows for the operating and finance leases at December 31, 2023 to the operating and finance lease liabilities recorded on the Consolidated Balance Sheets:


	December 31, 2023
	Operating Leases			Finance Leases
2024	$	62.2		$	1.3
2025	51.7			1.2
2026	42.1			.9
2027	28.3			.5
2028	13.9			.2
Thereafter	22.4			.1
Total	220.6			4.2
Less: interest	12.8			.2
Lease liability	$	207.8		$	4.0

Weighted average remaining lease term (years)	4.6			3.6
Weighted average discount rate	2.8		%	2.7		%

Lease Obligations

At December 31, 2023, we had $10.6 of additional operating leases that had not yet commenced. These leases will commence in 2024 with average lease terms of seven years.

Supplemental balance sheet information related to leases was as follows:


	December 31
	2023		2022
Operating leases:
Operating lease right-of-use assets	$	193.2	$	195.0

Current portion of operating lease liabilities	$	57.3	$	49.5
Operating lease liabilities	150.5		153.6
Total operating lease liabilities	$	207.8	$	203.1

Finance leases:
Sundry	$	4.0	$	4.2

Current maturities of long-term debt	$	1.2	$	1.1
Long-term debt	2.8		3.1
Total finance lease liabilities	$	4.0	$	4.2

The components of lease expense were as follows:


	Year Ended December 31
	2023		2022		2021
Operating lease costs:
Lease costs	$	65.4	$	56.1	$	50.1
Variable lease costs	18.6		15.1		15.4
Total operating lease costs	$	84.0	$	71.2	$	65.5

Short-term lease costs	$	6.6	$	6.6	$	7.0

Finance lease costs:
Amortization of right-of-use assets	$	1.8	$	1.7	$	1.7
Interest on lease liabilities	.1		.1		.1
Total finance lease costs	$	1.9	$	1.8	$	1.8

Total lease costs	$	92.5	$	79.6	$	74.3

Supplemental cash flow information related to leases was as follows:


	Year Ended December 31
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	60.4	$	52.4	$	48.6
Operating cash flows from finance leases	.1		.1		.1
Financing cash flows from finance leases	1.8		1.7		1.7

Right-of-use assets obtained in exchange for new operating lease liabilities	59.8		53.0		74.0
Right-of-use assets obtained in exchange for new finance lease liabilities	1.4		1.4		1.9


	December 31, 2023
	Operating Leases			Finance Leases
2024	$	62.2		$	1.3
2025	51.7			1.2
2026	42.1			.9
2027	28.3			.5
2028	13.9			.2
Thereafter	22.4			.1
Total	220.6			4.2
Less: interest	12.8			.2
Lease liability	$	207.8		$	4.0

Weighted average remaining lease term (years)	4.6			3.6
Weighted average discount rate	2.8		%	2.7		%

Contingencies	12 Months Ended
Contingencies	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies We are a party to various proceedings and matters involving employment, intellectual property, environmental, taxation, vehicle-related personal injury, antitrust, 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. 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. Accruals and Reasonably Possible Losses in Excess of Accruals Accruals for Probable Losses Although we deny liability in all currently threatened or pending litigation proceedings, we have recorded a litigation contingency accrual for our reasonable estimate of probable loss, in the aggregate, of $1.4, $.9, and $1.0 at December 31, 2023, 2022, and 2021, respectively. There were no material adjustments to the accrual, including cash payments and expense, for each of the years ended December 31, 2023, 2022, and 2021, respectively. The accruals do not include accrued expenses related to workers' compensation, vehicle-related personal injury, 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 operations, or cash flows. For more information regarding accrued expenses, see Note H. Reasonably Possible Losses in Excess of Accruals Although there are a number of uncertainties and potential outcomes associated with our pending or threatened litigation proceedings, we believe, based on current known facts, that additional losses, if any, are not expected to materially affect our consolidated financial position, results of operations, or cash flows. However, based upon current known facts, as of December 31, 2023, aggregate reasonably possible (but not probable, and therefore not accrued) losses in excess of the accruals noted above are estimated to be $22.0. If our assumptions or analyses regarding any of our contingencies are incorrect, or if facts change or future litigation arises, we could realize losses in excess of the recorded accruals (including losses in excess of the $22.0 referenced above), which could have a material negative impact on our financial condition, results of operations, and cash flows.

Fair Value (Narrative) (Details) - Level 1 - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed rate debt	$ 175.0	$ 210.0
Carrying value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed rate debt	$ 1,786.4	$ 1,784.4

Stock-Based Compensation (Deferred Compensation Program Narrative) (Details) - Deferred Stock Compensation Program	12 Months Ended
	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	10 years
Vesting period in years	15 months
Discount to the market price, percentage	20.00%
Time period for receiving plan distributions, max	10 years
Time period for installment distributions, max	10 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Subsequent Events (Schedule of Restructuring-Related Costs) (Details) - Subsequent Event $ in Millions	Feb. 27, 2024 USD ($)
Minimum
Subsequent Event [Line Items]
Restructuring and related cost, expected cost	$ 65.0
Minimum \| Employee termination costs
Subsequent Event [Line Items]
Restructuring and related cost, expected cost	10.0
Minimum \| Facility closure, asset relocation, and other
Subsequent Event [Line Items]
Restructuring and related cost, expected cost	20.0
Minimum \| Accelerated depreciation or long-lived asset impairments
Subsequent Event [Line Items]
Restructuring and related cost, expected cost	25.0
Minimum \| Inventory obsolescence and other
Subsequent Event [Line Items]
Restructuring and related cost, expected cost	10.0
Maximum
Subsequent Event [Line Items]
Restructuring and related cost, expected cost	85.0
Maximum \| Employee termination costs
Subsequent Event [Line Items]
Restructuring and related cost, expected cost	15.0
Maximum \| Facility closure, asset relocation, and other
Subsequent Event [Line Items]
Restructuring and related cost, expected cost	25.0
Maximum \| Accelerated depreciation or long-lived asset impairments
Subsequent Event [Line Items]
Restructuring and related cost, expected cost	30.0
Maximum \| Inventory obsolescence and other
Subsequent Event [Line Items]
Restructuring and related cost, expected cost	$ 15.0

Earnings (Loss) Per Share (EPS) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net earnings (loss)
Net earnings (loss)	$ (136.8)	$ 309.9	$ 402.6
Earnings attributable to noncontrolling interest, net of tax	0.0	(0.1)	(0.2)
Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	$ (136.8)	$ 309.8	$ 402.4
Weighted average number of shares (in millions)
Weighted average number of common shares used in basic EPS (in shares)	136.3	136.1	136.3
Dilutive effect of equity-based compensation (in shares)	0.0	0.4	0.4
Weighted average number of common shares and dilutive potential common shares used in diluted EPS (in shares)	136.3	136.5	136.7
Basic and diluted EPS
Basic EPS attributable to Leggett & Platt, Inc. common shareholders (in dollars per share)	$ (1.00)	$ 2.28	$ 2.95
Diluted EPS attributable to Leggett & Platt, Inc. common shareholders (in dollars per share)	$ (1.00)	$ 2.27	$ 2.94
Other information
Anti-dilutive shares excluded from diluted EPS computation (in shares)	0.5	0.4	0.2
Cash dividends declared per share (in dollars per share)	$ 1.82	$ 1.74	$ 1.66

Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following table sets forth the changes in each component of accumulated other comprehensive income (loss):


	Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2021	$	6.4	$	1.4	$	(60.2)	$	(52.4)
Other comprehensive income (loss)	(18.2)		14.6		24.0		20.4
Reclassifications, pretax	—		(.6)		5.3		4.7
Income tax effect	—		(3.5)		(7.6)		(11.1)
Attributable to noncontrolling interest	.1		—		—		.1
Balance at December 31, 2021	(11.7)		11.9		(38.5)		(38.3)
Other comprehensive income (loss)	(71.8)		(3.7)		23.8		(51.7)
Reclassifications, pretax	—		(.5)		2.5		2.0
Income tax effect	—		.7		(6.2)		(5.5)

Balance at December 31, 2022	(83.5)		8.4		(18.4)		(93.5)
Other comprehensive income (loss)	40.9		3.0		1.3		45.2
Reclassifications, pretax	—		2.2		5.0		7.2
Income tax effect	—		(1.1)		(1.5)		(2.6)

Balance at December 31, 2023	$	(42.6)	$	12.5	$	(13.6)	$	(43.7)

Lease Obligations (Narrative) (Details) $ in Millions	Dec. 31, 2023 USD ($)
Leases [Abstract]
Operating leases not yet commenced	$ 10.6
Lease term, operating leases not yet commenced	7 years

Supplemental Balance Sheet Information

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Balance Sheet Information

Additional supplemental balance sheet details at December 31 consisted of the following:


	2023		2022






Sundry
Deferred income taxes (see Note M)	$	13.2	$	8.3

Diversified investments associated with stock-based compensation plans (see Note K)	46.8		39.7


Pension plan assets (see Note L)	4.7		3.9
Tooling and molds	16.0		22.7

Finance leases (see Note J)	4.0		4.2
Other	36.7		32.1
	$	121.4	$	110.9
Accrued expenses
Wages and commissions payable	$	78.5	$	71.3
Workers’ compensation, vehicle-related and product liability, medical/disability	44.6		44.7
Sales promotions	37.0		45.4
Liabilities associated with stock-based compensation plans (see Note K)	5.5		5.9
Accrued interest	12.6		12.5
General taxes, excluding income taxes	20.9		29.2

Litigation contingency accruals (see Note S)	1.4		.9
Other	56.3		51.8
	$	256.8	$	261.7
Other current liabilities
Dividends payable	$	61.3	$	58.3
Customer deposits	12.1		18.1

Additional consideration for acquisition of businesses (see Note Q)	6.1		14.4
Derivative financial instruments (see Note R)	3.3		5.5
Liabilities associated with stock-based compensation plans (see Note K)	3.7		3.1
Outstanding checks in excess of book balances	10.3		19.6
Other	7.5		10.1
	$	104.3	$	129.1
Other long-term liabilities
Liability for pension benefits (see Note L)	$	11.2	$	19.0
Liabilities associated with stock-based compensation plans (see Note K)	50.5		42.2
Deemed repatriation tax payable	11.9		21.4
Net reserves for tax contingencies	4.6		5.5
Deferred compensation	11.2		10.8
Additional consideration for acquisition of businesses (see Note Q)	6.3		17.5
Other	10.9		9.7
	$	106.6	$	126.1

Stock-Based Compensation (Restricted Stock Unit Awards) (Details) - RSU $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period in years	3 years
Unrecognized cost of non-vested stock	$ 7.4
Weighted-average remaining contractual life	1 year

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt, Weighted Average Interest Rates And Due Dates

Long-term debt, interest rates, and due dates at December 31 are as follows:


	2023					2022
	Year-end Interest Rate		Due Date Through	Balance		Year-end Interest Rate		Due Date Through	Balance

Senior Notes 1	3.8	%	2024	$	300.0	3.8	%	2024	$	300.0
Senior Notes 1	3.5	%	2027	500.0		3.5	%	2027	500.0
Senior Notes 1	4.4	%	2029	500.0		4.4	%	2029	500.0
Senior Notes 1	3.5	%	2051	500.0		3.5	%	2051	500.0

Industrial development bonds, principally variable interest rates	4.1	%	2030	3.8		3.9	%	2030	3.8
Commercial paper 2	5.6	%	2026	186.0		4.8	%	2026	282.5
Finance leases				4.0					4.2
Other, partially secured				7.4					8.7
Unamortized discounts and deferred loan costs				(13.6)					(15.6)
Total debt				1,987.6					2,083.6
Less: current maturities				308.0					9.4
Total long-term debt				$	1,679.6				$	2,074.2

1 Senior notes are unsecured and unsubordinated obligations. For each of the senior notes: (i) interest is paid semi-annually in arrears; (ii) principal is due at maturity with no sinking fund; and (iii) we may, at our option, at any time, redeem all or a portion of any of the debt at a make-whole redemption price equal to the greater of: (a) 100% of the principal amount of the notes being redeemed; and (b) the sum of the present values of the remaining scheduled payments of principal and interest thereon (either to the maturity or the "par call date" depending on the respective note), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a specified discount rate, determined by the terms of each respective note. The senior notes may also be redeemed by us within 90 days of maturity (or within 180 days of maturity for the notes maturing in 2051) at 100% of the principal amount plus accrued and unpaid interest, and we are required to offer to purchase such notes at 101% of the principal amount, plus accrued and unpaid interest, if we experience a Change of Control Repurchase Event, as defined in the Senior Notes. Also, each respective senior note contains restrictive covenants, including a limitation on secured debt of 15% of our consolidated assets, a limitation on sale and leaseback transactions, and a limitation on certain consolidations, mergers, and sales of assets.

2 The weighted average interest rate for the net commercial paper activity during the years ended December 31, 2023 and 2022 was 5.2% and 3.2%, respectively. We view the notes as a source of long-term funds and have classified the borrowings under the commercial paper program as long-term borrowings on our balance sheet. We have the intent to roll over such obligations on a long-term basis and have the ability to refinance these borrowings on a long-term basis, as evidenced by our $1,200.0 revolving credit facility maturing in 2026 discussed above.

Schedule of Maturities of Long-Term Debt

Maturities are as follows:


2024	$	308.0
2025	1.0
2026	187.0
2027	499.4
2028	.2
Thereafter	992.0
	$	1,987.6

Schedule of Amounts Outstanding Related to Commercial Paper Program

Details of our commercial paper program at December 31 are presented in the table below:


	2023		2022
Total authorized program	$	1,200.0	$	1,200.0
Commercial paper outstanding (classified as long-term debt)	$	186.0	$	282.5
Letters of credit issued under the credit agreement	—		—
Amount limited by restrictive covenants of credit facility	682.1		200.9
Total program available	$	331.9	$	716.6

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, shares authorized (in shares)	600,000,000.0	600,000,000.0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	198,800,000	198,800,000
Preferred stock, shares authorized (in shares)	100,000,000.0	100,000,000.0
Preferred stock, shares issued (in shares)	0	0
Treasury stock (in shares)	65,400,000	66,200,000

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 365.5	$ 316.5
Trade receivables, net	564.9	609.0
Other receivables, net	72.4	66.0
Inventories	819.7	907.5
Prepaid expenses and other current assets	58.9	59.0
Total current assets	1,881.4	1,958.0
Property, Plant and Equipment—at cost
Machinery and equipment	1,488.3	1,434.0
Buildings and other	820.3	791.0
Land	42.8	43.5
Total property, plant and equipment	2,351.4	2,268.5
Less accumulated depreciation	1,570.2	1,496.1
Net property, plant and equipment	781.2	772.4
Other Assets
Goodwill	1,489.8	1,474.4
Other intangibles, net	167.5	675.4
Operating lease right-of-use assets	193.2	195.0
Sundry	121.4	110.9
Total other assets	1,971.9	2,455.7
TOTAL ASSETS	4,634.5	5,186.1
Current Liabilities
Current maturities of long-term debt and short-term debt	308.0	9.4
Current portion of operating lease liabilities	57.3	49.5
Accounts payable	536.2	518.4
Accrued expenses	256.8	261.7
Other current liabilities	104.3	129.1
Total current liabilities	1,262.6	968.1
Long-term Liabilities
Long-term debt	1,679.6	2,074.2
Operating lease liabilities	150.5	153.6
Other long-term liabilities	106.6	126.1
Deferred income taxes	101.2	222.7
Total long-term liabilities	2,037.9	2,576.6
Commitments and Contingencies
Equity
Common stock—authorized, 600.0 shares of $.01 par value; 198.8 shares issued; Preferred stock—authorized, 100.0 shares; none issued	2.0	2.0
Additional contributed capital	575.8	568.5
Retained earnings	2,661.1	3,046.0
Accumulated other comprehensive loss	(43.7)	(93.5)
Less treasury stock—at cost (65.4 and 66.2 shares at December 31, 2023 and 2022, respectively)	(1,861.9)	(1,882.3)
Total Leggett & Platt, Inc. equity	1,333.3	1,640.7
Noncontrolling interest	0.7	0.7
Total equity	1,334.0	1,641.4
TOTAL LIABILITIES AND EQUITY	$ 4,634.5	$ 5,186.1

Summary of Significant Accounting Policies (Inventory) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Finished goods	$ 361.3	$ 389.9
Work in process	73.5	71.1
Raw materials and supplies	384.9	446.5
Inventories	$ 819.7	$ 907.5

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net trade sales	$ 4,725,300,000	$ 5,146,700,000	$ 5,072,600,000
Cost of goods sold	3,871,500,000	4,169,900,000	4,034,300,000
Gross profit	853,800,000	976,800,000	1,038,300,000
Selling and administrative expenses	465,400,000	427,300,000	422,100,000
Amortization of intangibles	69,000,000.0	66,800,000	67,500,000
Long-lived asset impairment	443,700,000	0	0
Net gain from disposal of assets and businesses	(20,100,000)	(2,500,000)	(29,400,000)
Other expense (income), net	(13,800,000)	200,000	(17,900,000)
Earnings (loss) before interest and income taxes	(90,400,000)	485,000,000.0	596,000,000.0
Interest expense	88,400,000	85,500,000	76,500,000
Interest income	5,400,000	4,100,000	2,600,000
Earnings (loss) before income taxes	(173,400,000)	403,600,000	522,100,000
Income taxes	(36,600,000)	93,700,000	119,500,000
Net earnings (loss)	(136,800,000)	309,900,000	402,600,000
Earnings attributable to noncontrolling interest, net of tax	0	(100,000)	(200,000)
Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	$ (136,800,000)	$ 309,800,000	$ 402,400,000
Net earnings (loss) per share attributable to Leggett & Platt, Inc. common shareholders
Basic (in dollars per share)	$ (1.00)	$ 2.28	$ 2.95
Diluted (in dollars per share)	$ (1.00)	$ 2.27	$ 2.94

Segment Information

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Information

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

•Bedding Products: This segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands and adjustable bed bases. This segment is also vertically integrated into the production and supply of specialty foam chemicals, steel rod, and drawn steel wire to our own operations and to external customers. Our trade customers for wire make mechanical springs and many other end products.

•Specialized Products: From this segment, we supply lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. We also produce and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and heavy construction industries.

•Furniture, Flooring & Textile Products: Operations in this segment supply a wide range of components for residential and work furniture manufacturers, as well as select lines of private label finished furniture. We also produce or distribute carpet cushion, hard surface flooring underlayment, and textile and geo components.

Our reportable segments are the same as our operating segments, which also correspond with our management organizational structure. Each reportable segment has an executive vice president who has accountability to, and maintains regular contact with, our CEO, who is the chief operating decision maker (CODM). The operating results and financial information reported through the segment structure are regularly reviewed and used by the CODM to evaluate segment performance, allocate overall resources, and determine management incentive compensation.

The accounting principles used in the preparation of the segment information are the same as those used for the consolidated financial statements. We evaluate performance based on Earnings Before Interest and Taxes (EBIT). Intersegment sales are made primarily at prices that approximate market-based selling prices. Centrally incurred costs are allocated to the segments based on estimates of services used by the segment. Certain of our general and administrative costs and miscellaneous corporate income and expenses are allocated to the segments based on sales or other appropriate metrics. 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 for the periods presented are as follows:


	Year Ended December 31
	Trade 1 Sales		Inter- Segment Sales		Total Segment Sales		EBIT		Depreciation and Amortization
2023
Bedding Products 2	$	1,964.7	$	31.9	$	1,996.6	$	(344.2)	$	103.9
Specialized Products	1,279.8		1.5		1,281.3		125.0		41.1
Furniture, Flooring & Textile Products	1,480.8		11.7		1,492.5		128.6		22.5
Intersegment eliminations and other 3							.2		12.4

	$	4,725.3	$	45.1	$	4,770.4	$	(90.4)	$	179.9
2022
Bedding Products	$	2,356.3	$	40.5	$	2,396.8	$	219.6	$	104.1
Specialized Products	1,118.3		2.2		1,120.5		99.4		40.5
Furniture, Flooring & Textile Products	1,672.1		14.5		1,686.6		165.0		23.2
Intersegment eliminations and other 3							1.0		12.0

	$	5,146.7	$	57.2	$	5,203.9	$	485.0	$	179.8
2021
Bedding Products 2	$	2,455.9	$	44.1	$	2,500.0	$	321.3	$	106.8
Specialized Products	998.9		3.6		1,002.5		115.9		44.8
Furniture, Flooring & Textile Products	1,617.8		13.4		1,631.2		159.5		24.0
Intersegment eliminations and other 3							(.7)		11.7

	$	5,072.6	$	61.1	$	5,133.7	$	596.0	$	187.3

1 See Note B for revenue by product family.

2 2023 EBIT: Includes $443.7 of long-lived asset impairments as discussed in Note C.

2021 EBIT: Includes $28.2 gain on the sale of real estate associated with our exited Fashion Bed business.

3 Depreciation and amortization: Other relates to non-operating assets (assets not included in segment assets) and is allocated to segment EBIT as discussed above.

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 year. Acquired companies’ long-lived assets as disclosed below include property, plant and equipment, goodwill, and intangible assets.


	Year Ended December 31
	Assets		Additions to Property, Plant and Equipment		Acquired Companies’ Long-Lived Assets
2023
Bedding Products	$	815.2	$	47.3	$	—
Specialized Products	398.6		42.7		—
Furniture, Flooring & Textile Products	390.3		12.7		—
Average current liabilities included in segment numbers above	736.1		—		—
Unallocated assets and other 1, 2	2,403.2		11.1		—
Difference between average assets and year-end balance sheet	(108.9)		—		—
	$	4,634.5	$	113.8	$	—
2022
Bedding Products	$	931.2	$	42.1	$	—
Specialized Products	350.1		28.2		93.8
Furniture, Flooring & Textile Products	423.1		12.5		7.1
Average current liabilities included in segment numbers above	793.9		—		—
Unallocated assets and other 1	2,840.6		17.5		—
Difference between average assets and year-end balance sheet	(152.8)		—		—
	$	5,186.1	$	100.3	$	100.9
2021
Bedding Products	$	836.0	$	67.1	$	136.6
Specialized Products	316.7		20.6		25.1
Furniture, Flooring & Textile Products	373.5		9.8		6.2
Average current liabilities included in segment numbers above	814.1		—		—
Unallocated assets and other 1	2,828.5		9.1		—
Difference between average assets and year-end balance sheet	138.5		—		—
	$	5,307.3	$	106.6	$	167.9

1 Unallocated assets consist primarily of goodwill, other intangibles, cash, and deferred tax assets.

2 2023 unallocated assets reflects a $443.7 long-lived asset impairment as discussed in Note C.

Trade sales and tangible long-lived assets are presented below, based on the geography of manufacture.


	Year Ended December 31
	2023		2022		2021
Trade sales
Foreign sales
Europe	$	715.2	$	624.5	$	589.0
China	464.7		501.5		559.0
Canada	296.6		279.4		262.0
Mexico	232.6		262.8		276.0
Other	139.2		129.2		116.1
Total foreign sales	1,848.3		1,797.4		1,802.1
United States	2,877.0		3,349.3		3,270.5
Total trade sales	$	4,725.3	$	5,146.7	$	5,072.6

Tangible long-lived assets
Foreign tangible long-lived assets
Europe	$	149.4	$	142.1	$	150.1
China	47.1		45.2		44.1
Canada	25.6		24.3		26.9
Mexico	14.3		14.1		13.9
Other	7.3		7.9		9.8
Total foreign tangible long-lived assets	243.7		233.6		244.8
United States	537.5		538.8		536.7
Total tangible long-lived assets	$	781.2	$	772.4	$	781.5

- 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/disclosureRef
-Topic 280
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+ Details

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

The components of "Earnings (loss) before income taxes" are as follows:


	Year Ended December 31
	2023		2022		2021
Domestic	$	(388.6)	$	163.6	$	249.7
Foreign	215.2		240.0		272.4
Earnings before income taxes	$	(173.4)	$	403.6	$	522.1

"Income taxes" is comprised of the following components:


	Year Ended December 31
	2023		2022		2021
Current
Federal	$	24.4	$	48.3	$	57.0
State and local	3.7		7.9		11.5
Foreign	64.5		53.2		59.5
Total current	92.6		109.4		128.0
Deferred
Federal	(100.6)		(14.1)		(9.3)
State and local	(19.9)		(2.0)		(2.3)
Foreign	(8.7)		.4		3.1
Total deferred	(129.2)		(15.7)		(8.5)
Total income taxes	$	(36.6)	$	93.7	$	119.5

"Income taxes" as a percentage of "Earnings (loss) before income taxes", differs from the statutory federal income tax rate as follows:


	Year Ended December 31
	2023		2022		2021
Statutory federal income tax rate	21.0	%	21.0	%	21.0	%
Increases (decreases) in rate resulting from:
State taxes, net of federal benefit	.2		.9		1.5
Tax effect of foreign operations	(1.4)		(.5)		(.9)
Global intangible low-taxed income (GILTI)	(1.5)		.6		.5
Current and deferred foreign withholding taxes	(7.3)		2.6		2.3
Long-lived asset impairment	5.4		—		—

Stock-based compensation	.1		(.1)		(.5)

Change in valuation allowance	(.4)		(.1)		—
Change in uncertain tax positions, net	(.3)		—		—

Other permanent differences, net	3.9		(1.0)		(.8)
Other, net	1.4		(.2)		(.2)
Effective tax rate	21.1	%	23.2	%	22.9	%

The change in percentages above during 2023 was impacted by the reported loss for the year. Dollar amounts for significant items for all years presented are discussed below.

For all periods presented, the tax rate benefited from income earned in various foreign jurisdictions at rates lower than the U.S. federal statutory rate. The rate benefited from income earned primarily in China and Cyprus during 2023 and 2022, and China, Croatia, and Switzerland in 2021. In 2023, the rate associated with foreign operations was also adversely impacted by changes in estimates related to tax filings and a reduction to a contingent purchase price liability.

In 2023, we recognized a $9.4 benefit due to the tax effects of the long-lived asset impairment charges discussed in Note C. We also recognized tax expense related to foreign withholding taxes of $12.7, $10.5, and $11.9, and other net tax (benefit) expense of $(5.9), $.4, and $2.7 for the years ended December 31, 2023, 2022, and 2021, respectively.

We file tax returns in each jurisdiction where we are required to do so. In these jurisdictions, a statute of limitations period exists. After a statute period expires, the tax authorities can no longer assess additional income tax for the expired period. In addition, once the statute expires we are no longer eligible to file claims for refund for any tax that we may have overpaid.

Unrecognized Tax Benefits

The total amount of our gross unrecognized tax benefits including interest and penalties at December 31, 2023, 2022, and 2021 was $5.0 (of which $3.9 would impact our effective tax rate, if recognized), $5.9, and $6.6, respectively.

We recognize interest and penalties related to unrecognized tax benefits as part of income tax expense in the Consolidated Statements of Operations, which is consistent with prior reporting periods.

We are currently in various stages of audit by certain governmental tax authorities. We have established liabilities for unrecognized tax benefits as appropriate, with such amounts representing a reasonable provision for taxes we ultimately might be required to pay. However, these liabilities could be adjusted over time as more information becomes known and management continues to evaluate the progress of these examinations.

We are not subject to significant U.S. federal tax examinations for years prior to 2020, or significant U.S. state or foreign income tax examinations for years prior to 2014.

It is reasonably possible that the resolution of certain tax audits could reduce our unrecognized tax benefits within the next 12 months, as certain tax positions may either be sustained on audit or we may agree to certain adjustments, or resulting from the expiration of statutes of limitations in various jurisdictions. It is not expected that any change would have a material impact on our Consolidated Financial Statements.

Deferred Income Taxes

Deferred income taxes are provided for the temporary differences between the financial reporting basis and the tax basis of our assets and liabilities. The major temporary differences and their associated deferred tax assets or liabilities are as follows:


	December 31
	2023				2022
	Assets		Liabilities		Assets		Liabilities
Property, plant and equipment	$	14.7	$	(80.7)	$	15.0	$	(80.2)
Inventories	6.5		(1.0)		6.6		(6.5)
Accrued expenses	52.7		(.6)		52.6		(.9)
Net operating losses and other tax carryforwards 1	39.8		—		25.6		—
Pension cost and other post-retirement benefits	5.6		(.9)		7.5		(.8)

Intangible assets 2	12.0		(108.2)		.1		(204.5)
Derivative financial instruments	.5		(4.2)		.6		(3.8)
Tax on undistributed earnings (primarily from Canada and China)	—		(18.5)		—		(17.0)
Uncertain tax positions	.7		—		.8		—
Other 3	18.8		(7.5)		11.8		(5.6)
Gross deferred tax assets (liabilities)	151.3		(221.6)		120.6		(319.3)
Valuation allowance	(17.7)		—		(15.7)		—
Total deferred taxes	$	133.6	$	(221.6)	$	104.9	$	(319.3)
Net deferred tax liability			$	(88.0)			$	(214.4)

1 The $14.2 increase in our deferred tax asset was primarily associated with the U.S. interest expense limitation related to an expired provision of the Tax Cuts and Jobs Act of 2017 (TCJA).

2 Intangible assets includes an $11.9 increase in our deferred tax asset and $96.3 decrease in our deferred tax liability, both of which relate primarily to the long-lived asset impairment charges discussed in Note C.

3 Other includes a $7.0 increase in our deferred tax asset, which was primarily associated with the capitalization and amortization of research and experimentation expenditures related to an expired provision of TCJA.

Deferred tax assets (liabilities) included in the Consolidated Balance Sheets are as follows:


	December 31
	2023		2022
Sundry	$	13.2	$	8.3
Deferred income taxes	(101.2)		(222.7)
Net deferred tax liability	$	(88.0)	$	(214.4)

The valuation allowance recorded primarily relates to net operating loss, tax credit, and capital loss carryforwards for which utilization is uncertain. Cumulative tax losses in certain state and foreign jurisdictions during recent years, limited carryforward periods in certain jurisdictions, future reversals of existing taxable temporary differences, and reasonable tax planning strategies were among the factors considered in determining the valuation allowance. Individually, none of these tax carryforwards presents a material exposure.

Most of our tax carryforwards have expiration dates that vary generally over the next 20 years, with no amount greater than $10.0 expiring in any one year.

Deferred withholding taxes (tax on undistributed earnings) have been provided on the earnings of our foreign subsidiaries to the extent it is anticipated that the earnings will be remitted in the future as dividends. We are not asserting permanent reinvestment on $514.1 of our earnings and have accrued tax on these undistributed earnings as presented in the table above.

Foreign withholding taxes have not been provided on certain foreign earnings which are indefinitely reinvested outside the U.S. The cumulative undistributed earnings which are indefinitely reinvested as of December 31, 2023, are

$337.6. If such earnings were repatriated to the U.S. through dividends, the resulting incremental tax expense would approximate $16.8, based on present income tax laws.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
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-Paragraph 1
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Segment Information (Schedule Of Trade Sales and Tangible Long-Lived Assets, By Geographical Areas) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Trade sales	$ 4,725.3	$ 5,146.7	$ 5,072.6
Tangible long-lived assets	781.2	772.4	781.5
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Trade sales	715.2	624.5	589.0
Tangible long-lived assets	149.4	142.1	150.1
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Trade sales	464.7	501.5	559.0
Tangible long-lived assets	47.1	45.2	44.1
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Trade sales	296.6	279.4	262.0
Tangible long-lived assets	25.6	24.3	26.9
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Trade sales	232.6	262.8	276.0
Tangible long-lived assets	14.3	14.1	13.9
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Trade sales	139.2	129.2	116.1
Tangible long-lived assets	7.3	7.9	9.8
Total foreign sales
Revenues from External Customers and Long-Lived Assets [Line Items]
Trade sales	1,848.3	1,797.4	1,802.1
Tangible long-lived assets	243.7	233.6	244.8
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Trade sales	2,877.0	3,349.3	3,270.5
Tangible long-lived assets	$ 537.5	$ 538.8	$ 536.7

Subsequent Events (Narrative) (Details) $ in Millions	2 Months Ended	12 Months Ended
Subsequent Events (Narrative) (Details) $ in Millions	Feb. 27, 2024 USD ($) facility	Dec. 31, 2024 USD ($)
Minimum \| Forecast
Subsequent Event [Line Items]
Cash costs		$ 30.0
Minimum \| Subsequent Event
Subsequent Event [Line Items]
Number of production and distribution facilities \| facility	15
Restructuring and related cost, expected cost	$ 65.0
Maximum \| Forecast
Subsequent Event [Line Items]
Cash costs		$ 40.0
Maximum \| Subsequent Event
Subsequent Event [Line Items]
Number of production and distribution facilities \| facility	20
Restructuring and related cost, expected cost	$ 85.0

Other Expense (Income), Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Nonoperating Income (Expense) [Abstract]
Restructuring charges	$ 2.9	$ 1.4	$ (0.3)
Currency loss (gain)	4.2	(3.3)	1.3
(Gain) loss from diversified investments associated with the ESU program	(7.7)	8.4	(6.2)
Reduction to contingent purchase price liability (See Note Q)	(14.9)	(1.2)	0.0
COVID-19 government subsidies and business interruption policy	0.0	(0.6)	(8.5)
Non-service pension income	(0.4)	(4.1)	(1.4)
Other expense (income)	2.1	(0.4)	(2.8)
Total	$ (13.8)	$ 0.2	(17.9)
COVID-19
Other Income (Expense) [Line Items]
Business interruption policy			$ 5.0

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2023	Feb. 20, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-07845
Entity Registrant Name	LEGGETT & PLATT, INC
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	44-0324630
Entity Address, Address Line One	No. 1 Leggett Road
Entity Address, City or Town	Carthage,
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	64836
City Area Code	417
Local Phone Number	358-8131
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	LEG
Security Exchange Name	NYSE
Entity Well Known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction Flag	false
Entity Shell Company	false
Entity Public Float			$ 3,864,089,000
Entity Common Stock, Shares Outstanding		133,730,089
Documents Incorporated by Reference	Parts of Item 10, and all of Item 11, 12, 13 and 14 of Part III, are incorporated by reference from the Company's definitive Proxy Statement for the Annual Meeting of Shareholders to be held on May 8, 2024.
Entity Central Index Key	0000058492
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Income Taxes (Components of Earnings Before Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Domestic	$ (388.6)	$ 163.6	$ 249.7
Foreign	215.2	240.0	272.4
Earnings (loss) before income taxes	$ (173.4)	$ 403.6	$ 522.1

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Goodwill and Other Intangible Assets (Estimated Amortization Expense) (Details) $ in Millions	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 21.2
2025	19.7
2026	17.9
2027	16.5
2028	$ 15.5

Accounts and Other Receivables - Summary of Components of Accounts and Other Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current
Trade receivables, net	$ 564.9	$ 609.0
Other notes receivable	0.0	0.0
Taxes receivable, including income taxes	3.1	5.0
Value-added taxes (VAT) recoverable	56.6	45.4
Other receivables	12.7	15.6
Allowance for doubtful accounts - other notes receivable	0.0	0.0
Other receivables, net	72.4	66.0
Long-term
Other notes receivable	1.2	22.4
Taxes receivable, including income taxes	0.0	0.0
Value-added taxes (VAT) recoverable	0.0	0.0
Other receivables	0.0	0.0
Allowance for doubtful accounts - other notes receivable	0.0	(21.2)
Other receivables, net	1.2	1.2
Trade accounts receivable
Current
Total trade receivables	575.4	626.8
Allowance for doubtful accounts - trade receivables	(10.5)	(17.8)
Trade receivables, net	564.9	609.0
Long-term
Total trade receivables	0.0	0.0
Allowance for doubtful accounts - trade receivables	0.0	0.0
Trade receivables, net	0.0	0.0
Mexico
Current
Value-added taxes (VAT) recoverable	$ 48.2	$ 36.5

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Flexible Stock Plan Options

At December 31, 2023, the following common shares were authorized for issuance under the Plan:


	Shares Available for Issuance	Maximum Number of Authorized Shares
Unexercised options	.4	.4
Outstanding stock units—vested	3.5	9.6
Outstanding stock units—unvested	1.0	2.9
Available for grant	6.0	6.0
Authorized for issuance at December 31, 2023	10.9	18.9

Schedule of Components Of Stock-Based Compensation

The following table recaps the impact of stock-based compensation on the results of operations for each of the periods presented:


	Year Ended December 31
	2023				2022				2021
	To Be Settled With Stock		To Be Settled In Cash		To Be Settled With Stock		To Be Settled In Cash		To Be Settled With Stock		To Be Settled In Cash



Executive Stock Unit (ESU) program contributions 1	$	3.0	$	.7	$	3.7	$	.7	$	4.0	$	.6
Discounts on various stock awards:
Deferred Stock Compensation Program 2	1.5		—		1.6		—		1.5		—
ESU program 1	1.2		—		1.4		—		1.1		—
Discount Stock Plan 3	.7		—		.8		—		.9		—
Performance Stock Unit (PSU) awards: 4
2023 PSU awards 4A	1.3		1.1		—		—		—		—
2022 and prior PSU awards 4B	1.3		(.5)		.8		(2.5)		7.8		4.0


Restricted Stock Unit (RSU) awards 5	8.8		—		10.2		—		8.2		—
Other, primarily non-employee directors restricted stock	.8		—		1.0		—		.4		—
Total stock-related compensation expense (income)	18.6		$	1.3	19.5		$	(1.8)	23.9		$	4.6
Employee contributions for above stock plans	9.0				10.6				10.3
Total stock-based compensation	$	27.6			$	30.1			$	34.2

Tax benefits on stock-based compensation expense	$	4.5			$	4.7			$	5.8
Tax benefits on stock-based compensation payments	.4				.6				3.4
Total tax benefits associated with stock-based compensation	$	4.9			$	5.3			$	9.2

Schedule of Stock-based Compensation Assets and Liabilities

The following table recaps the impact of stock-based compensation on assets and liabilities for each of the periods presented:


	2023						2022
	Current		Long-term		Total		Current		Long-term		Total
Assets:
Diversified investments associated with the ESU program 1	$	3.6	$	46.8	$	50.4	$	3.1	$	39.7	$	42.8

Liabilities:
ESU program 1	$	3.7	$	48.7	$	52.4	$	3.1	$	40.9	$	44.0
PSU awards 4	.1		1.8		1.9		—		1.3		1.3

Other - primarily timing differences between employee withholdings and related employer contributions to be submitted to various plans' trust accounts	5.5		—		5.5		5.9		—		5.9
Total liabilities associated with stock-based compensation	$	9.3	$	50.5	$	59.8	$	9.0	$	42.2	$	51.2

Schedule of Deferred Compensation Arrangement with Individual Disclosure, Postretirement Benefits


	Options		Units		Cash
Aggregate amount of compensation deferred during 2023	$	.1	$	4.3	$	.6

Schedule of Discount Stock Plan


Average 2023 purchase price per share (net of discount)	$	25.37
2023 number of shares purchased by employees	.2
Shares purchased since inception in 1982	24.0
Maximum shares under the plan	27.0

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

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


	Year Ended December 31
	2023			2022			2021
2023 awards and prior year TSR Based awards
Total shares base award	.1			.1			.1
Grant date per share fair value	$	29.31		$	41.13		$	49.43
Risk-free interest rate	4.4		%	1.7		%	.2		%
Vesting period in years	3.0			3.0			3.0
Expected volatility	45.7		%	45.2		%	44.3		%
Expected dividend yield	5.5		%	4.6		%	3.7		%

Prior year EBIT CAGR Based awards
Total shares base award	—			.1			.1
Grant date per share fair value	$	—		$	32.88		$	38.77
Vesting period in years	0.0			3.0			3.0


Three-Year Performance Cycle for PSU - EBIT CAGR Based
Award Year	Completion Date	Payout as a Percent of the Base Award	Number of Shares Distributed	Cash Portion		Distribution Date
2019	December 31, 2021	127.0%	<.1 million	$	3.5	First quarter 2022
2020	December 31, 2022	—%	— million	$	—	First quarter 2023
2021	December 31, 2023	6.0%	<.1 million	$	.1	First quarter 2024

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

Stock unit information for the plans discussed above is presented in the table below:


	DSU	ESU	PSU	RSU	Total Units	Weighted Average Grant Date Fair Value per Unit		Aggregate Intrinsic Value
Unvested at December 31, 2022	—	—	.8	.2	1.0	$	42.34
Granted based on current service	.2	.3	—	.4	.9	29.74
Granted based on future conditions*	—	—	.3	—	.3	14.66
Vested	(.2)	(.3)	—	(.3)	(.8)	30.39
Forfeited*	—	—	(.3)	(.1)	(.4)	23.95


Unvested at December 31, 2023	—	—	.8	.2	1.0	$	42.38	$	25.5
Fully vested shares available for issuance at December 31, 2023					3.5			$	92.3

*PSU awards are presented at maximum payout of 200% at grant date and when forfeited.

Schedule of Stock Units Converted to Common Stock


	Year Ended December 31
	2023		2022		2021
Total intrinsic value of vested stock units converted to common stock	$	1.9	$	5.7	$	10.5

Lease Obligations (Supplemental Cash Flow) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating cash flows from operating leases	$ 60.4	$ 52.4	$ 48.6
Operating cash flows from finance leases	0.1	0.1	0.1
Financing cash flows from finance leases	1.8	1.7	1.7
Right-of-use assets obtained in exchange for new operating lease liabilities	59.8	53.0	74.0
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 1.4	$ 1.4	$ 1.9

Stock-Based Compensation (Discount Stock Plan) (Details) - Discount Stock Plan shares in Millions	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount to the market price, percentage	85.00%
Measurement performance period (in years)	1 year
Average 2023 purchase price per share (net of discount) (in dollars per share) \| $ / shares	$ 25.37
2023 number of shares purchased by employees (in shares)	0.2
Shares purchased since inception in 1982 (in shares)	24.0
Maximum shares under the plan (in shares)	27.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income (Loss)	$ (136.8)	$ 309.8	$ 402.4

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Income Taxes (Deferred Tax Assets And (Liabilities) Included In Consolidated Balance Sheets) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Sundry	$ 13.2	$ 8.3
Deferred income taxes	(101.2)	(222.7)
Net deferred tax liability	$ (88.0)	$ (214.4)

Accounts and Other Receivables (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Schedule of Components of Accounts And Other Receivables

Accounts and other receivables at December 31 consisted of the following:


	2023				2022
	Current		Long-term		Current		Long-term
Total trade receivables	$	575.4	$	—	$	626.8	$	—
Allowance for doubtful accounts - trade receivables	(10.5)		—		(17.8)		—
Trade receivables, net	$	564.9	$	—	$	609.0	$	—

Other notes receivable	$	—	$	1.2	$	—	$	22.4
Taxes receivable, including income taxes	3.1		—		5.0		—
Value-added taxes (VAT) recoverable 1	56.6		—		45.4		—
Other receivables	12.7		—		15.6		—
Allowance for doubtful accounts - other notes receivable	—		—		—		(21.2)
Other receivables, net	$	72.4	$	1.2	$	66.0	$	1.2

Schedule of Allowance For Doubtful Accounts

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


	Balance at December 31, 2021		Change in Provision		Less: Net Charge-offs/(Recoveries) and Other		Balance at December 31, 2022		Change in Provision 1		Less: Net Charge-offs/(Recoveries) and Other		Balance at December 31, 2023


Total trade receivables	$	15.0	$	4.0	$	1.2	$	17.8	$	(5.8)	$	1.5	$	10.5


Other notes receivable	22.0		(.8)		—		21.2		(.7)		20.5		—

Total allowance for doubtful accounts	$	37.0	$	3.2	$	1.2	$	39.0	$	(6.5)	$	22.0	$	10.5

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Earnings (Loss) From Continuing Operations Before Income Taxes

The components of "Earnings (loss) before income taxes" are as follows:


	Year Ended December 31
	2023		2022		2021
Domestic	$	(388.6)	$	163.6	$	249.7
Foreign	215.2		240.0		272.4
Earnings before income taxes	$	(173.4)	$	403.6	$	522.1

Schedule of Income Taxes

"Income taxes" is comprised of the following components:


	Year Ended December 31
	2023		2022		2021
Current
Federal	$	24.4	$	48.3	$	57.0
State and local	3.7		7.9		11.5
Foreign	64.5		53.2		59.5
Total current	92.6		109.4		128.0
Deferred
Federal	(100.6)		(14.1)		(9.3)
State and local	(19.9)		(2.0)		(2.3)
Foreign	(8.7)		.4		3.1
Total deferred	(129.2)		(15.7)		(8.5)
Total income taxes	$	(36.6)	$	93.7	$	119.5

Schedule of Income Tax Expense, Earning (Loss) From Continuing Operations Percentage

"Income taxes" as a percentage of "Earnings (loss) before income taxes", differs from the statutory federal income tax rate as follows:


	Year Ended December 31
	2023		2022		2021
Statutory federal income tax rate	21.0	%	21.0	%	21.0	%
Increases (decreases) in rate resulting from:
State taxes, net of federal benefit	.2		.9		1.5
Tax effect of foreign operations	(1.4)		(.5)		(.9)
Global intangible low-taxed income (GILTI)	(1.5)		.6		.5
Current and deferred foreign withholding taxes	(7.3)		2.6		2.3
Long-lived asset impairment	5.4		—		—

Stock-based compensation	.1		(.1)		(.5)

Change in valuation allowance	(.4)		(.1)		—
Change in uncertain tax positions, net	(.3)		—		—

Other permanent differences, net	3.9		(1.0)		(.8)
Other, net	1.4		(.2)		(.2)
Effective tax rate	21.1	%	23.2	%	22.9	%

Schedule of Deferred Income Tax Assets and Liabilities


	December 31
	2023				2022
	Assets		Liabilities		Assets		Liabilities
Property, plant and equipment	$	14.7	$	(80.7)	$	15.0	$	(80.2)
Inventories	6.5		(1.0)		6.6		(6.5)
Accrued expenses	52.7		(.6)		52.6		(.9)
Net operating losses and other tax carryforwards 1	39.8		—		25.6		—
Pension cost and other post-retirement benefits	5.6		(.9)		7.5		(.8)

Intangible assets 2	12.0		(108.2)		.1		(204.5)
Derivative financial instruments	.5		(4.2)		.6		(3.8)
Tax on undistributed earnings (primarily from Canada and China)	—		(18.5)		—		(17.0)
Uncertain tax positions	.7		—		.8		—
Other 3	18.8		(7.5)		11.8		(5.6)
Gross deferred tax assets (liabilities)	151.3		(221.6)		120.6		(319.3)
Valuation allowance	(17.7)		—		(15.7)		—
Total deferred taxes	$	133.6	$	(221.6)	$	104.9	$	(319.3)
Net deferred tax liability			$	(88.0)			$	(214.4)

1 The $14.2 increase in our deferred tax asset was primarily associated with the U.S. interest expense limitation related to an expired provision of the Tax Cuts and Jobs Act of 2017 (TCJA).

Schedule of Deferred Tax Assets And (Liabilities) Included In Consolidated Balance Sheets

Deferred tax assets (liabilities) included in the Consolidated Balance Sheets are as follows:


	December 31
	2023		2022
Sundry	$	13.2	$	8.3
Deferred income taxes	(101.2)		(222.7)
Net deferred tax liability	$	(88.0)	$	(214.4)

Income Taxes (Schedule of Income Tax Expense Percentage (Benefit) ) (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	21.00%	21.00%	21.00%
State taxes, net of federal benefit	0.20%	0.90%	1.50%
Tax effect of foreign operations	(1.40%)	(0.50%)	(0.90%)
Global intangible low-taxed income (GILTI)	(1.50%)	0.60%	0.50%
Current and deferred foreign withholding taxes	(7.30%)	2.60%	2.30%
Long-lived asset impairment	5.40%	0.00%	0.00%
Stock-based compensation	0.10%	(0.10%)	(0.50%)
Change in valuation allowance	(0.40%)	(0.10%)	0.00%
Change in uncertain tax positions, net	(0.30%)	0.00%	0.00%
Other permanent differences, net	3.90%	(1.00%)	(0.80%)
Other, net	1.40%	(0.20%)	(0.20%)
Effective tax rate	21.10%	23.20%	22.90%

Revenue (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Major Source

We disaggregate revenue by customer group, which is the same as our product families for each of our segments, as we believe this best depicts how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors. For information regarding our segment structure, see Note E.


	Year Ended December 31
	2023		2022		2021
Bedding Products
Bedding Group	$	1,964.7	$	2,356.3	$	2,455.9
	1,964.7		2,356.3		2,455.9
Specialized Products
Automotive Group	878.4		846.5		801.4
Aerospace Products Group	154.1		120.9		102.9
Hydraulic Cylinders Group 1	247.3		150.9		94.6
	1,279.8		1,118.3		998.9
Furniture, Flooring & Textile Products
Home Furniture Group	300.5		398.0		434.3
Work Furniture Group	272.8		318.7		284.1
Flooring & Textile Products Group	907.5		955.4		899.4
	1,480.8		1,672.1		1,617.8
	$	4,725.3	$	5,146.7	$	5,072.6

1 In August 2022, we acquired a manufacturer of hydraulic cylinders for material-handling and heavy construction equipment. (see Note Q).

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

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

The following table sets forth the changes in each component of accumulated other comprehensive income (loss):


	Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2021	$	6.4	$	1.4	$	(60.2)	$	(52.4)
Other comprehensive income (loss)	(18.2)		14.6		24.0		20.4
Reclassifications, pretax	—		(.6)		5.3		4.7
Income tax effect	—		(3.5)		(7.6)		(11.1)
Attributable to noncontrolling interest	.1		—		—		.1
Balance at December 31, 2021	(11.7)		11.9		(38.5)		(38.3)
Other comprehensive income (loss)	(71.8)		(3.7)		23.8		(51.7)
Reclassifications, pretax	—		(.5)		2.5		2.0
Income tax effect	—		.7		(6.2)		(5.5)

Balance at December 31, 2022	(83.5)		8.4		(18.4)		(93.5)
Other comprehensive income (loss)	40.9		3.0		1.3		45.2
Reclassifications, pretax	—		2.2		5.0		7.2
Income tax effect	—		(1.1)		(1.5)		(2.6)

Balance at December 31, 2023	$	(42.6)	$	12.5	$	(13.6)	$	(43.7)

Impairment Charges (Components of Fair Values In Relation to Their Respective Carrying Values) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 1,489.8	$ 1,489.8	$ 1,474.4
Terminal Values Long-term Growth Rate for Debt-Free Cash Flow	3.00%	3.00%	3.00%
Less than 50%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 1,018.1	$ 1,018.1	$ 107.8
Terminal Values Long-term Growth Rate for Debt-Free Cash Flow	3.00%	3.00%	3.00%
Discount Rate Ranges			12.00%
50-100%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 99.6	$ 99.6	$ 998.7
Compound Annual Growth Rate Range for Sales		1.00%
Terminal Values Long-term Growth Rate for Debt-Free Cash Flow	3.00%	3.00%	3.00%
Discount Rate Ranges		8.00%	10.00%
101-300%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 372.1	$ 372.1	$ 248.3
Terminal Values Long-term Growth Rate for Debt-Free Cash Flow	3.00%	3.00%	3.00%
Discount Rate Ranges			10.00%
Greater than 300%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value over Carrying Value divided by Carrying Value			300.00%
Goodwill value			$ 119.6
Compound Annual Growth Rate Range for Sales			8.00%
Terminal Values Long-term Growth Rate for Debt-Free Cash Flow			3.00%
Discount Rate Ranges			12.00%
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Compound Annual Growth Rate Range for Sales		1.00%	1.00%
Discount Rate Ranges		8.00%	10.00%
Minimum \| Less than 50%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Compound Annual Growth Rate Range for Sales		1.00%	4.00%
Discount Rate Ranges		10.00%
Minimum \| 50-100%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value over Carrying Value divided by Carrying Value		50.00%	50.00%
Compound Annual Growth Rate Range for Sales			3.00%
Minimum \| 101-300%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value over Carrying Value divided by Carrying Value		101.00%	101.00%
Compound Annual Growth Rate Range for Sales		3.00%	1.00%
Discount Rate Ranges		8.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Compound Annual Growth Rate Range for Sales		17.00%	9.00%
Discount Rate Ranges		12.00%	12.00%
Maximum \| Less than 50%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value over Carrying Value divided by Carrying Value		50.00%	50.00%
Compound Annual Growth Rate Range for Sales		17.00%	9.00%
Discount Rate Ranges		12.00%
Maximum \| 50-100%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value over Carrying Value divided by Carrying Value		100.00%	100.00%
Compound Annual Growth Rate Range for Sales			5.00%
Maximum \| 101-300%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value over Carrying Value divided by Carrying Value		300.00%	300.00%
Compound Annual Growth Rate Range for Sales		6.00%	3.00%
Discount Rate Ranges		10.00%
Bedding
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 906.5	$ 906.5	$ 900.3
Compound Annual Growth Rate Range for Sales	2.00%
Discount Rate Ranges	10.00%
Fair value in excess of carrying value for the goodwill impairment testing performed (as a percent)	19.00%	19.00%		40.00%	54.00%
Work Furniture
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 99.6	$ 99.6	98.4
Fair value in excess of carrying value for the goodwill impairment testing performed (as a percent)				74.00%	78.00%
Aerospace Products
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	67.0	67.0	66.3
Fair value in excess of carrying value for the goodwill impairment testing performed (as a percent)				44.00%	40.00%
Hydraulic Cylinders
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 44.6	$ 44.6	$ 41.5
Fair value in excess of carrying value for the goodwill impairment testing performed (as a percent)				18.00%	32.00%

Long-Term Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Long-Term Debt

Our multi-currency credit facility matures in September 2026. It provides us the ability, from time to time, subject to certain restrictive covenants and customary conditions, to borrow, repay, and re-borrow up to $1,200.0. At December 31, 2023, we were in compliance with all of our debt covenants and expect to be able to maintain compliance with the debt covenant requirements.

Our credit facility contains restrictive covenants which (a) require us to maintain as of the last day of each fiscal quarter, or if we borrow under the credit facility i) Consolidated Funded Indebtedness minus the lesser of: (A) Unrestricted Cash, or (B) $750.0 to ii) Consolidated EBITDA for the four consecutive trailing quarters, such ratio not being greater than 3.50 to 1.00, provided, however, subject to certain limitations, if we have made a Material Acquisition in any fiscal quarter, at our election, the maximum Leverage Ratio shall be 4.00 to 1.00 for the fiscal quarter during which such Material Acquisition is consummated and the next three consecutive fiscal quarters; (b) limit the amount of total secured obligations to 15% of our total consolidated assets, and (c) limit our ability to sell, lease, transfer, or dispose of all or substantially all of our assets and the assets of our subsidiaries, taken as a whole (other than accounts receivable sold in a Permitted Securitization Transaction, products sold in the ordinary course of business and our ability to sell, lease, transfer, or dispose of any of our assets or the assets of one of our subsidiaries to us or one of our subsidiaries, as applicable) at any given point in time.

In November 2021, we issued $500.0 aggregate principal amount of notes that mature in 2051. The notes bear interest at a rate of 3.5% per year, with interest payable semi-annually which began May 15, 2022. The net proceeds of these notes were used to repay commercial paper, and therefore indirectly were used to repay our $300.0 3.4% Senior Notes in August 2022.

Long-term debt, interest rates, and due dates at December 31 are as follows:


	2023					2022
	Year-end Interest Rate		Due Date Through	Balance		Year-end Interest Rate		Due Date Through	Balance

Senior Notes 1	3.8	%	2024	$	300.0	3.8	%	2024	$	300.0
Senior Notes 1	3.5	%	2027	500.0		3.5	%	2027	500.0
Senior Notes 1	4.4	%	2029	500.0		4.4	%	2029	500.0
Senior Notes 1	3.5	%	2051	500.0		3.5	%	2051	500.0

Industrial development bonds, principally variable interest rates	4.1	%	2030	3.8		3.9	%	2030	3.8
Commercial paper 2	5.6	%	2026	186.0		4.8	%	2026	282.5
Finance leases				4.0					4.2
Other, partially secured				7.4					8.7
Unamortized discounts and deferred loan costs				(13.6)					(15.6)
Total debt				1,987.6					2,083.6
Less: current maturities				308.0					9.4
Total long-term debt				$	1,679.6				$	2,074.2

Maturities are as follows:


2024	$	308.0
2025	1.0
2026	187.0
2027	499.4
2028	.2
Thereafter	992.0
	$	1,987.6

Details of our commercial paper program at December 31 are presented in the table below:


	2023		2022
Total authorized program	$	1,200.0	$	1,200.0
Commercial paper outstanding (classified as long-term debt)	$	186.0	$	282.5
Letters of credit issued under the credit agreement	—		—
Amount limited by restrictive covenants of credit facility	682.1		200.9
Total program available	$	331.9	$	716.6

At December 31, 2023, subject to restrictive covenants, we could raise cash by issuing commercial paper through a program that is backed by a $1,200.0 revolving credit facility with a syndicate of 12 lenders. The credit facility allows us to issue total letters of credit up to $125.0. When we issue letters of credit in this manner, our capacity under the revolving facility, and consequently, our ability to issue commercial paper, is reduced by a corresponding amount. We had no outstanding letters of credit under the facility at year end for the periods presented. Our borrowing capacity may be limited by covenants to our credit facility. At December 31, 2023, our borrowing capacity under the credit facility was $331.9.

Generally, we may elect one of five types of borrowing under the revolving credit facility, which determines the rate of interest to be paid on the outstanding principal balance. The interest rate would typically be commensurate with the currency borrowed and the term of the borrowing, as well as either (i) a competitive variable or fixed rate or (ii) various published rates plus a pre-defined spread.

We are required to periodically pay accrued interest on any outstanding principal balance under the revolving credit facility at different time intervals based upon the elected interest rate and the elected interest period. Any outstanding principal under this facility will be due upon the maturity date. We may also terminate or reduce the lending commitments under this facility, in whole or in part, upon three business days’ notice. No amounts were outstanding under the revolving credit facility at December 31, 2023 and 2022.

Insider Trading Arrangements	3 Months Ended	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2023 shares	Dec. 31, 2023 shares
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Manual A. Fernandez [Member]
Trading Arrangements, by Individual
Name	Manuel A. Fernandez
Title	director
Non-Rule 10b5-1 Arrangement Adopted	true
Adoption Date	December 15, 2023
Arrangement Duration	382 days
Aggregate Available	10,911	10,911
Non-Rule 10b51 Plans [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Elections were made pursuant to the DC Program effective December 15, 2023, which deferred cash compensation that would have been earned from January 1, 2024 through December 31, 2024 into Company stock options to purchase Company common stock, or stock units convertible into Company common stock on a one-to-one basis. Manuel A. Fernandez, a director, acquired 10,911 stock options (determined by multiplying the cash deferred by 5 and then dividing by the exercise price), with such stock options exercisable on December 31, 2024 with an exercise price of $26.35 per share, which was the closing price of the Company common stock on the NYSE on the grant date of December 15, 2023. Joseph W. McClanathan (director), J. Mitchell Dolloff (President, CEO and director), Benjamin M. Burns (EVP and CFO), Jennifer J. Davis (EVP and General Counsel), J. Tyson Hagale (EVP, President - Bedding Products), Ryan M. Kleiboeker (EVP and Chief Strategic Planning Officer) and Tammy M. Trent (SVP and CAO) elected to defer cash compensation in 2024 into stock units. The number of stock units acquired under the DC Program is determined by taking the cash deferred and dividing it by 80% of the closing price of the Company common stock on the NYSE on the date the cash would have otherwise been paid. Steven K. Henderson (EVP, President Specialized Products and Furniture, Flooring & Textile Products) had been participating in the ESU Program but on December 6, 2023 elected to not participate in the ESU Program for calendar year 2024. The number of stock units purchased in the ESU Program is determined by taking the amount of any Company matching contributions and dividend equivalent contributions and dividing it by 85% of the fair market value of the common stock on the date the cash would have otherwise been paid.

Summary of Significant Accounting Policies (Summary of Other Intangible Assets) (Details) - Other intangible assets	12 Months Ended
	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Weighted Average Life	15 years
Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life Range	7 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life Range	20 years

Stock-Based Compensation (Stock Based Compensation) (Details) - shares	Dec. 31, 2023	May 10, 2012	May 09, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock units per common shares (in shares)	1
Flexible Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares against plan (in shares)		3	1

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Earnings (Loss) Per Share (EPS)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings (Loss) Per Share (EPS)

Basic and diluted earnings (loss) per share were calculated as follows:


	Year Ended December 31
	2023		2022		2021
Net earnings (loss)
Net earnings (loss)	$	(136.8)	$	309.9	$	402.6
Earnings attributable to noncontrolling interest, net of tax	—		(.1)		(.2)


Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	$	(136.8)	$	309.8	$	402.4

Weighted average number of shares (in millions)
Weighted average number of common shares used in basic EPS	136.3		136.1		136.3
Dilutive effect of stock-based compensation	—		.4		.4
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	136.3		136.5		136.7

Basic and diluted EPS



Basic EPS attributable to Leggett & Platt, Inc. common shareholders	$	(1.00)	$	2.28	$	2.95




Diluted EPS attributable to Leggett & Platt, Inc. common shareholders	$	(1.00)	$	2.27	$	2.94

Other information
Anti-dilutive shares excluded from diluted EPS computation	.5		.4		.2

Cash dividends declared per share	$	1.82	$	1.74	$	1.66

Long-Term Debt (Interest Rates And Due Dates) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Finance leases	$ 4,000,000.0	$ 4,200,000
Unamortized discounts and deferred loan costs	(13,600,000)	(15,600,000)
Total debt	1,987,600,000	2,083,600,000
Less: current maturities	308,000,000.0	9,400,000
Total long-term debt	$ 1,679,600,000	2,074,200,000
Long-term debt, term	180 days
Maximum borrowing capacity	$ 1,200,000,000	$ 1,200,000,000
Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,200,000,000
Senior Notes
Debt Instrument [Line Items]
Redemption price (as a percent)	100.00%
Long-term debt, term	90 days
Redemption price, if change of control repurchase event occurs (as a percent)	101.00%
Limitation on secured debt (as a percent)	15.00%
Industrial development bonds, principally variable interest rates
Debt Instrument [Line Items]
Year-end Interest Rate	4.10%	3.90%
Short term and long term debt	$ 3,800,000	$ 3,800,000
Commercial paper
Debt Instrument [Line Items]
Year-end Interest Rate	5.60%	4.80%
Short term and long term debt	$ 186,000,000.0	$ 282,500,000
Other, partially secured
Debt Instrument [Line Items]
Short term and long term debt	$ 7,400,000	$ 8,700,000
Net commercial paper
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	5.20%	3.20%
Line of Credit \| Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,200,000,000
Senior Notes, Due 2024 \| Senior Notes
Debt Instrument [Line Items]
Year-end Interest Rate	3.80%	3.80%
Short term and long term debt	$ 300,000,000.0	$ 300,000,000.0
Senior Notes, Due 2027 \| Senior Notes
Debt Instrument [Line Items]
Year-end Interest Rate	3.50%	3.50%
Short term and long term debt	$ 500,000,000.0	$ 500,000,000.0
Senior Notes, Due 2029 \| Senior Notes
Debt Instrument [Line Items]
Year-end Interest Rate	4.40%	4.40%
Short term and long term debt	$ 500,000,000.0	$ 500,000,000.0
Senior Notes, Due 2051 \| Senior Notes
Debt Instrument [Line Items]
Year-end Interest Rate	3.50%	3.50%
Short term and long term debt	$ 500,000,000.0	$ 500,000,000.0

Acquisitions

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Acquisitions


	2022		2021
Accounts receivable	$	37.8	$	18.3
Inventories	43.0		17.0
Property, plant and equipment	16.6		16.4
Goodwill (see Note D)	42.5		70.9
Other intangible assets (see Note D)
Customer relationships (15-year life)	22.0		64.9
Technology (8 to 10-year life)	11.3		5.5
Trademarks and trade names (15 to 20-year life)	7.1		7.2
Non-compete agreements (1 to 5-year life)	.2		2.7
Other current and long-term assets	9.1		5.5
Current liabilities	(54.7)		(39.2)
Deferred income taxes	(17.7)		(11.9)
Other long-term liabilities	(5.0)		(4.7)

Fair value of net identifiable assets	112.2		152.6
Less: additional consideration (receivable)	(1.3)		—

Less: additional contingent consideration payable	30.2		—

Net cash consideration	$	83.3	$	152.6

The following table summarizes acquisitions for the periods presented.

Year Ended

Number of
Acquisitions

Segment

Product/Service

December 31, 2023

None

December 31, 2022

Specialized Products

Furniture, Flooring & Textile Products

December 31, 2021

Bedding Products

Furniture, Flooring & Textile Products

Specialized Products

The results of operations of the above acquired companies have been included in the consolidated financial statements since the dates of each acquisition. The unaudited pro forma consolidated net trade sales, net earnings, and earnings per share as though these 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 contingent consideration to be paid based upon analysis of the closing balance sheet and if the acquired company's performance exceeds certain targeted levels through December 31, 2025. Such additional consideration will be paid in cash and the liability is recorded at discounted fair value at the acquisition date. The range of the undiscounted amounts we could be required to pay is currently estimated to be between

$6.0 and $12.9. Components of the liability are based on estimates and contingent upon future events, therefore, the amounts may fluctuate materially until the payment dates. Subsequent measurement of the estimate is recorded in "Other expense (income), net" in the Consolidated Statements of Operations (see Note N). Our liability for these future payments was $12.4 ($6.1 current and $6.3 long-term) at December 31, 2023 and $31.9 ($14.4 current and $17.5 long-term) at December 31, 2022. We had no material liability for future payments at December 31, 2021. Additional consideration, including interest, paid for acquisitions was $4.5 and $.2 in the years ended 2023 and 2021, respectively, and no payments were made in 2022.

A brief description of our acquisition activity by year is included below. Final purchase prices and goodwill values include measurement period adjustments recorded subsequent to the values shown in the above table.

2023

No businesses were acquired during 2023.

2022

We acquired four businesses:

•A small U.S. textiles business that converts and distributes construction fabrics for the furniture and bedding industries. This acquisition became a part of our Furniture, Flooring & Textile Products segment. The acquisition date was August 22. The final purchase price was $2.0 and added no goodwill.

•A leading global manufacturer of hydraulic cylinders for heavy construction equipment. This business has manufacturing locations in Germany and China and a distribution facility in the United States. This acquisition builds scale in our hydraulic cylinders growth platform and brings us into an attractive segment of the market that aligns well with trends in automation and autonomous equipment. This business operates within our Specialized Products segment. The acquisition date was August 26. The final purchase price was $87.8 and added $41.9 of goodwill.

•Two Canadian distributors of products used for erosion control, stormwater management, and various other applications that expanded the geographic scope of our Geo Components business unit. These acquisitions became a part of our Furniture, Flooring & Textile Products segment.

◦An October 3 acquisition with a final purchase price of $7.5 and added $3.5 goodwill.

◦A December 16 acquisition with a final purchase price of $12.9 and added $.7 goodwill.

2021

We acquired three businesses:

•A United Kingdom (UK) manufacturer specializing in metallic ducting systems, flexible joints, and components for space, military, and commercial applications. This acquisition expanded the capabilities of our aerospace products business to include flexible joint fabrication and operates within our Specialized Products segment. The acquisition date was January 30. The final purchase price was $27.7 and added $8.5 of goodwill.

•A Polish manufacturer of bent metal tubing for furniture used in office, residential, and other settings. This acquisition became a part of our Furniture, Flooring & Textile Products segment. The acquisition date was May 31. The final purchase price was $5.4 and added $4.4 of goodwill.

•A specialty foam and finished mattress manufacturer serving the UK and Irish marketplace with two manufacturing facilities in the Dublin area. This acquisition became a part of our Bedding Products segment. The acquisition date was June 4. The final purchase price was $119.7 and added $58.3 of goodwill. Intangibles (customer relationships, trademarks, and trade names) associated with this acquisition of $48.0 were impaired in 2023 as discussed in Note C.

Impairment Charges (Narrative) (Details) - USD ($)	12 Months Ended
Impairment Charges (Narrative) (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Long-lived asset impairment	$ 443,700,000	$ 0	$ 0
Goodwill impairment	$ 0	$ 0	$ 0

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Impairment charges benefit	$ 9.4
Benefit from foreign tax withholdings	12.7	$ 10.5	$ 11.9
Other net tax expense (benefits)	(5.9)	0.4	2.7
Unrecognized tax benefits	5.0	$ 5.9	$ 6.6
Unrecognized tax benefits that would impact effective tax rate	3.9
Maximum tax carryforward expiring annually	10.0
Permanent reinvestment on earnings	514.1
Cumulative undistributed earnings that are indefinitely reinvested	337.6
Resulting provisional incremental tax expense	$ 16.8

Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Results From Continuing Operations

A summary of segment results for the periods presented are as follows:


	Year Ended December 31
	Trade 1 Sales		Inter- Segment Sales		Total Segment Sales		EBIT		Depreciation and Amortization
2023
Bedding Products 2	$	1,964.7	$	31.9	$	1,996.6	$	(344.2)	$	103.9
Specialized Products	1,279.8		1.5		1,281.3		125.0		41.1
Furniture, Flooring & Textile Products	1,480.8		11.7		1,492.5		128.6		22.5
Intersegment eliminations and other 3							.2		12.4

	$	4,725.3	$	45.1	$	4,770.4	$	(90.4)	$	179.9
2022
Bedding Products	$	2,356.3	$	40.5	$	2,396.8	$	219.6	$	104.1
Specialized Products	1,118.3		2.2		1,120.5		99.4		40.5
Furniture, Flooring & Textile Products	1,672.1		14.5		1,686.6		165.0		23.2
Intersegment eliminations and other 3							1.0		12.0

	$	5,146.7	$	57.2	$	5,203.9	$	485.0	$	179.8
2021
Bedding Products 2	$	2,455.9	$	44.1	$	2,500.0	$	321.3	$	106.8
Specialized Products	998.9		3.6		1,002.5		115.9		44.8
Furniture, Flooring & Textile Products	1,617.8		13.4		1,631.2		159.5		24.0
Intersegment eliminations and other 3							(.7)		11.7

	$	5,072.6	$	61.1	$	5,133.7	$	596.0	$	187.3

1 See Note B for revenue by product family.

2 2023 EBIT: Includes $443.7 of long-lived asset impairments as discussed in Note C.

2021 EBIT: Includes $28.2 gain on the sale of real estate associated with our exited Fashion Bed business.

3 Depreciation and amortization: Other relates to non-operating assets (assets not included in segment assets) and is allocated to segment EBIT as discussed above.

Summary of Average Assets for Segments


	Year Ended December 31
	Assets		Additions to Property, Plant and Equipment		Acquired Companies’ Long-Lived Assets
2023
Bedding Products	$	815.2	$	47.3	$	—
Specialized Products	398.6		42.7		—
Furniture, Flooring & Textile Products	390.3		12.7		—
Average current liabilities included in segment numbers above	736.1		—		—
Unallocated assets and other 1, 2	2,403.2		11.1		—
Difference between average assets and year-end balance sheet	(108.9)		—		—
	$	4,634.5	$	113.8	$	—
2022
Bedding Products	$	931.2	$	42.1	$	—
Specialized Products	350.1		28.2		93.8
Furniture, Flooring & Textile Products	423.1		12.5		7.1
Average current liabilities included in segment numbers above	793.9		—		—
Unallocated assets and other 1	2,840.6		17.5		—
Difference between average assets and year-end balance sheet	(152.8)		—		—
	$	5,186.1	$	100.3	$	100.9
2021
Bedding Products	$	836.0	$	67.1	$	136.6
Specialized Products	316.7		20.6		25.1
Furniture, Flooring & Textile Products	373.5		9.8		6.2
Average current liabilities included in segment numbers above	814.1		—		—
Unallocated assets and other 1	2,828.5		9.1		—
Difference between average assets and year-end balance sheet	138.5		—		—
	$	5,307.3	$	106.6	$	167.9

1 Unallocated assets consist primarily of goodwill, other intangibles, cash, and deferred tax assets.

2 2023 unallocated assets reflects a $443.7 long-lived asset impairment as discussed in Note C.

Schedule Of Revenue From External Sales And Long-Lived Assets, By Geographical Areas

Trade sales and tangible long-lived assets are presented below, based on the geography of manufacture.


	Year Ended December 31
	2023		2022		2021
Trade sales
Foreign sales
Europe	$	715.2	$	624.5	$	589.0
China	464.7		501.5		559.0
Canada	296.6		279.4		262.0
Mexico	232.6		262.8		276.0
Other	139.2		129.2		116.1
Total foreign sales	1,848.3		1,797.4		1,802.1
United States	2,877.0		3,349.3		3,270.5
Total trade sales	$	4,725.3	$	5,146.7	$	5,072.6

Tangible long-lived assets
Foreign tangible long-lived assets
Europe	$	149.4	$	142.1	$	150.1
China	47.1		45.2		44.1
Canada	25.6		24.3		26.9
Mexico	14.3		14.1		13.9
Other	7.3		7.9		9.8
Total foreign tangible long-lived assets	243.7		233.6		244.8
United States	537.5		538.8		536.7
Total tangible long-lived assets	$	781.2	$	772.4	$	781.5

Employee Benefit Plans (Summary of Pension Obligations And Funded Status) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Change in benefit obligation
Benefit obligation, beginning of period	$ 191.2	$ 270.4	$ 286.5
Service cost	3.4	5.3	5.1
Interest cost	9.2	6.6	6.0
Plan participants’ contributions	0.4	0.4	0.5
Actuarial loss (gain)	4.8	(71.6)	(10.8)
Benefits paid	(15.8)	(15.9)	(15.6)
Plan amendments	0.0	0.0	0.1
Curtailments and settlements	0.0	0.0	(1.1)
Foreign currency exchange rate changes	1.4	(4.0)	(0.3)
Benefit obligation, end of period	194.6	191.2	270.4
Change in plan assets
Fair value of plan assets, beginning of period	175.8	227.7	215.3
Actual return on plan assets	20.9	(35.4)	25.6
Employer contributions	5.0	2.9	2.8
Plan participants’ contributions	0.4	0.4	0.5
Benefits paid	(15.8)	(15.9)	(15.6)
Settlements	0.0	0.0	(0.8)
Foreign currency exchange rate changes	1.5	(3.9)	(0.1)
Fair value of plan assets, end of period	187.8	175.8	227.7
Net funded status	(6.8)	(15.4)	(42.7)
Funded status recognized in the Consolidated Balance Sheets
Other assets—sundry	4.7	3.9	2.8
Other current liabilities	(0.3)	(0.3)	(0.3)
Other long-term liabilities	$ (11.2)	$ (19.0)	$ (45.2)

Acquisitions (Narrative) (Details)								12 Months Ended
Acquisitions (Narrative) (Details)	Dec. 16, 2022 USD ($)	Oct. 03, 2022 USD ($)	Aug. 26, 2022 USD ($)	Aug. 22, 2022 USD ($)	Jun. 04, 2021 USD ($) manufacturingFacility	May 31, 2021 USD ($)	Jan. 30, 2021 USD ($)	Dec. 31, 2023 USD ($) manufacturingFacilities acquisition	Dec. 31, 2022 USD ($) acquisition	Dec. 31, 2021 USD ($) acquisition
Business Acquisition [Line Items]
Contingent consideration, liability, current								$ 6,100,000	$ 14,400,000
Contingent consideration, liability, long-term								6,300,000	17,500,000
Additional consideration including interest paid								$ 4,500,000	$ 0	$ 200,000
Number of Acquisitions \| acquisition								0	4	3
Additions for current year acquisitions									$ 42,500,000
Number of manufacturing facilities \| manufacturingFacilities								18
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]								Long-lived asset impairment
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Contingent consideration, low range								$ 6,000,000.0
Contingent consideration, high range								12,900,000
Contingent consideration, liability								12,400,000	31,900,000
Contingent consideration, liability, current								6,100,000	14,400,000
Contingent consideration, liability, long-term								6,300,000	$ 17,500,000
Converter And Distributer Of Construction Fabrics
Business Acquisition [Line Items]
Purchase price				$ 2,000,000.0
Additions for current year acquisitions				$ 0
Global Manufacturer Of Hydraulic Cylinders
Business Acquisition [Line Items]
Purchase price			$ 87,800,000
Additions for current year acquisitions			$ 41,900,000
Erosion Control And Geosynthetic Products
Business Acquisition [Line Items]
Purchase price	$ 12,900,000	$ 7,500,000
Additions for current year acquisitions	$ 700,000	$ 3,500,000
UK Manufacturer
Business Acquisition [Line Items]
Purchase price							$ 27,700,000
Additions for current year acquisitions							$ 8,500,000
Polish Manufacturer
Business Acquisition [Line Items]
Purchase price						$ 5,400,000
Additions for current year acquisitions						$ 4,400,000
Specialty Foam And Bedding Manufacturer
Business Acquisition [Line Items]
Purchase price					$ 119,700,000
Additions for current year acquisitions					$ 58,300,000
Number of manufacturing facilities \| manufacturingFacility					2
Impairment of intangible assets								$ 48,000,000.0

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2023

Retirement Benefits [Abstract]

Summary of Pension Obligations And Funded Status

A summary of our pension obligations and funded status as of December 31 is as follows:


	2023		2022		2021
Change in benefit obligation
Benefit obligation, beginning of period	$	191.2	$	270.4	$	286.5
Service cost	3.4		5.3		5.1
Interest cost	9.2		6.6		6.0
Plan participants’ contributions	.4		.4		.5
Actuarial loss (gain) 1	4.8		(71.6)		(10.8)
Benefits paid	(15.8)		(15.9)		(15.6)
Plan amendments	—		—		.1
Curtailments and settlements	—		—		(1.1)
Foreign currency exchange rate changes	1.4		(4.0)		(.3)
Benefit obligation, end of period	$	194.6	$	191.2	$	270.4
Change in plan assets
Fair value of plan assets, beginning of period	$	175.8	$	227.7	$	215.3
Actual return on plan assets	20.9		(35.4)		25.6
Employer contributions	5.0		2.9		2.8
Plan participants’ contributions	.4		.4		.5
Benefits paid	(15.8)		(15.9)		(15.6)
Settlements	—		—		(.8)
Foreign currency exchange rate changes	1.5		(3.9)		(.1)
Fair value of plan assets, end of period	$	187.8	$	175.8	$	227.7
Net funded status	$	(6.8)	$	(15.4)	$	(42.7)
Funded status recognized in the Consolidated Balance Sheets
Other assets—sundry	$	4.7	$	3.9	$	2.8
Other current liabilities	(.3)		(.3)		(.3)
Other long-term liabilities	(11.2)		(19.0)		(45.2)
Net funded status	$	(6.8)	$	(15.4)	$	(42.7)

1 Year-over-year fluctuations in "Actuarial loss (gain)" are primarily driven by changes in the weighted average discount rate assumptions.

Schedule of Accumulated Other Comprehensive Income

Amounts and activity included in accumulated other comprehensive income associated with pensions are reflected below:


	December 31, 2022		2023 Amortization		2023 Net Actuarial Loss		2023 Foreign Currency Exchange Rates Change		2023 Income Tax Change		December 31, 2023
Net (loss) gain (before tax)	$	(26.8)	$	1.3	$	5.2	$	(.2)	$	—	$	(20.5)
Deferred income taxes	8.4		$	—	—		—		(1.5)		6.9
Accumulated other comprehensive income (loss) (net of tax)	$	(18.4)	$	1.3	$	5.2	$	(.2)	$	(1.5)	$	(13.6)

Schedule of Components of Net Pension Expense (Income)

Components of net pension expense (income) for the years ended December 31 were as follows:


	2023			2022			2021
Service cost	$	3.4		$	5.3		$	5.1
Interest cost	9.2			6.6			6.0
Expected return on plan assets	(10.9)			(13.2)			(12.5)

Recognized net actuarial loss	1.3			2.5			5.3

Curtailments and settlements	—			—			(.2)
Net pension expense	$	3.0		$	1.2		$	3.7
Weighted average assumptions for pension costs:
Discount rate	5.0		%	2.5		%	2.1		%
Rate of compensation increase	3.4		%	3.5		%	3.5		%
Expected return on plan assets	6.4		%	6.0		%	5.9		%
Weighted average assumptions for benefit obligation:
Discount rate	4.8		%	5.0		%	2.5		%
Rate of compensation increase	3.4		%	3.4		%	3.5		%

Schedule of Fair Value of Pension Plan Assets

Presented below are our major categories of investments for the periods presented:


	Year Ended December 31, 2023										Year Ended December 31, 2022
	Level 1		Level 2		Level 3 1		Assets Measured at NAV 2		Total		Level 1		Level 2		Level 3		Assets Measured at NAV 2		Total
Mutual and pooled funds
Fixed income	$	46.3	$	1.4	$	—	$	—	$	47.7	$	25.9	$	13.9	$	—	$	—	$	39.8
Equities	107.2		12.8		—		—		120.0		99.2		5.6		—		—		104.8
Stable value funds	—		7.3		—		—		7.3		—		22.1		—		—		22.1
Money market funds, cash and other	—		—		6.9		5.9		12.8		—		—		—		9.1		9.1
Total investments at fair value	$	153.5	$	21.5	$	6.9	$	5.9	$	187.8	$	125.1	$	41.6	$	—	$	9.1	$	175.8

1 We entered into a buy-in arrangement during 2023 for one of our frozen international plans. The bulk purchase annuity policy assets from this transaction are classified as level 3 in the fair value hierarchy. The purchase was facilitated by the sale of investments that had been classified as level 2. Activity, other than the initial purchase, was not material during 2023. There was no other level 3 activity in 2023.

2 Certain investments that are measured at fair value using the net asset value (NAV) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

Schedule of Estimated Benefit Payments

Estimated benefit payments expected over the next 10 years are as follows:


2024	$	13.4
2025	13.9
2026	14.4
2027	14.8
2028	14.7
2029-2033	70.2

Earnings (Loss) Per Share (EPS) (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Summary of Calculation of Basic and Diluted Earnings (loss) Per Share

Basic and diluted earnings (loss) per share were calculated as follows:


	Year Ended December 31
	2023		2022		2021
Net earnings (loss)
Net earnings (loss)	$	(136.8)	$	309.9	$	402.6
Earnings attributable to noncontrolling interest, net of tax	—		(.1)		(.2)


Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	$	(136.8)	$	309.8	$	402.4

Weighted average number of shares (in millions)
Weighted average number of common shares used in basic EPS	136.3		136.1		136.3
Dilutive effect of stock-based compensation	—		.4		.4
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	136.3		136.5		136.7

Basic and diluted EPS



Basic EPS attributable to Leggett & Platt, Inc. common shareholders	$	(1.00)	$	2.28	$	2.95




Diluted EPS attributable to Leggett & Platt, Inc. common shareholders	$	(1.00)	$	2.27	$	2.94

Other information
Anti-dilutive shares excluded from diluted EPS computation	.5		.4		.2

Cash dividends declared per share	$	1.82	$	1.74	$	1.66

Fair Value (Items Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Cash equivalents:
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Assets, Current, Sundry	Assets, Current, Sundry
Liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities, Noncurrent, Other Liabilities, Current	Liabilities, Noncurrent, Other Liabilities, Current
Recurring \| Total
Cash equivalents:
Derivative assets	$ 6.2	$ 2.9
Total assets	204.1	174.7
Liabilities:
Derivative liabilities	3.5	5.9
Total liabilities	55.9	49.9
Recurring \| Total \| Diversified investments associated with the ESU program
Cash equivalents:
Diversified investments associated with the ESU program	50.4	42.8
Recurring \| Total \| Liabilities associated with the ESU program
Liabilities:
Liabilities associated with the ESU program	52.4	44.0
Recurring \| Level 1
Cash equivalents:
Derivative assets	0.0	0.0
Total assets	50.4	42.8
Liabilities:
Derivative liabilities	0.0	0.0
Total liabilities	52.4	44.0
Recurring \| Level 1 \| Diversified investments associated with the ESU program
Cash equivalents:
Diversified investments associated with the ESU program	50.4	42.8
Recurring \| Level 1 \| Liabilities associated with the ESU program
Liabilities:
Liabilities associated with the ESU program	52.4	44.0
Recurring \| Level 2
Cash equivalents:
Derivative assets	6.2	2.9
Total assets	153.7	131.9
Liabilities:
Derivative liabilities	3.5	5.9
Total liabilities	3.5	5.9
Recurring \| Level 2 \| Diversified investments associated with the ESU program
Cash equivalents:
Diversified investments associated with the ESU program	0.0	0.0
Recurring \| Level 2 \| Liabilities associated with the ESU program
Liabilities:
Liabilities associated with the ESU program	0.0	0.0
Recurring \| Level 3
Cash equivalents:
Derivative assets	0.0	0.0
Total assets	0.0	0.0
Liabilities:
Derivative liabilities	0.0	0.0
Total liabilities	0.0	0.0
Recurring \| Level 3 \| Diversified investments associated with the ESU program
Cash equivalents:
Diversified investments associated with the ESU program	0.0	0.0
Recurring \| Level 3 \| Liabilities associated with the ESU program
Liabilities:
Liabilities associated with the ESU program	0.0	0.0
Bank time deposits with original maturities of three months or less \| Recurring \| Total
Cash equivalents:
Bank time deposits with original maturities of three months or less	147.5	129.0
Bank time deposits with original maturities of three months or less \| Recurring \| Level 1
Cash equivalents:
Bank time deposits with original maturities of three months or less	0.0	0.0
Bank time deposits with original maturities of three months or less \| Recurring \| Level 2
Cash equivalents:
Bank time deposits with original maturities of three months or less	147.5	129.0
Bank time deposits with original maturities of three months or less \| Recurring \| Level 3
Cash equivalents:
Bank time deposits with original maturities of three months or less	$ 0.0	$ 0.0

Long-Term Debt (Amounts Outstanding Related To Commercial Paper Program) (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Total authorized program	$ 1,200,000,000	$ 1,200,000,000
Commercial paper outstanding (classified as long-term debt)	186,000,000.0	282,500,000
Letters of credit issued under the credit agreement	0	0
Amount limited by restrictive covenants of credit facility	682,100,000	200,900,000
Total program available	$ 331,900,000	$ 716,600,000

Stock-Based Compensation (Schedule of Stock-based Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Assets:
Diversified investments associated with the ESU program, current	$ 3.6	$ 3.1
Diversified investments associated with the ESU program, long-term	46.8	39.7
Diversified investments associated with the ESU program, total	50.4	42.8
Liabilities:
Share liabilities, current	3.7	3.1
Share liabilities, long-term	11.2	10.8
Other - primarily timing differences between employee withholdings and related employer contributions to be submitted to various plans' trust accounts, current	5.5	5.9
Other - primarily timing differences between employee withholdings and related employer contributions to be submitted to various plans' trust accounts, long-term	0.0	0.0
Other - primarily timing differences between employee withholdings and related employer contributions to be submitted to various plans' trust accounts, total	5.5	5.9
Total liabilities associated with stock-based compensation, current	9.3	9.0
Total liabilities associated with stock-based compensation, long-term	50.5	42.2
Total liabilities associated with stock-based compensation, total	59.8	51.2
ESU program
Liabilities:
Share liabilities, current	3.7	3.1
Share liabilities, long-term	48.7	40.9
Share liabilities, total	52.4	44.0
PSU awards
Liabilities:
Share liabilities, current	0.1	0.0
Share liabilities, long-term	1.8	1.3
Share liabilities, total	$ 1.9	$ 1.3

Acquisitions (Schedule of Acquisitions) (Details) - acquisition	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Number of Acquisitions	0	4	3

Segment Information (Average Assets For Segments) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Assets	$ 4,634,500,000	$ 5,186,100,000	$ 5,307,300,000
Additions to Property, Plant and Equipment	113,800,000	100,300,000	106,600,000
Acquired Companies’ Long-Lived Assets	0	100,900,000	167,900,000
Long-lived asset impairment	443,700,000	0	0
Operating segments \| Bedding Products
Segment Reporting Information [Line Items]
Assets	815,200,000	931,200,000	836,000,000.0
Additions to Property, Plant and Equipment	47,300,000	42,100,000	67,100,000
Acquired Companies’ Long-Lived Assets	0	0	136,600,000
Operating segments \| Specialized Products
Segment Reporting Information [Line Items]
Assets	398,600,000	350,100,000	316,700,000
Additions to Property, Plant and Equipment	42,700,000	28,200,000	20,600,000
Acquired Companies’ Long-Lived Assets	0	93,800,000	25,100,000
Operating segments \| Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Assets	390,300,000	423,100,000	373,500,000
Additions to Property, Plant and Equipment	12,700,000	12,500,000	9,800,000
Acquired Companies’ Long-Lived Assets	0	7,100,000	6,200,000
Average current liabilities included in segment numbers above
Segment Reporting Information [Line Items]
Assets	736,100,000	793,900,000	814,100,000
Additions to Property, Plant and Equipment	0	0	0
Acquired Companies’ Long-Lived Assets	0	0	0
Unallocated assets and other
Segment Reporting Information [Line Items]
Assets	2,403,200,000	2,840,600,000	2,828,500,000
Additions to Property, Plant and Equipment	11,100,000	17,500,000	9,100,000
Acquired Companies’ Long-Lived Assets	0	0	0
Difference between average assets and year-end balance sheet
Segment Reporting Information [Line Items]
Assets	(108,900,000)	(152,800,000)	138,500,000
Additions to Property, Plant and Equipment	0	0	0
Acquired Companies’ Long-Lived Assets	$ 0	$ 0	$ 0

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Other Intangible Assets

Goodwill and Other Intangible Assets

The changes in the carrying amounts of goodwill are as follows:


	Bedding Products		Specialized Products		Furniture, Flooring & Textile Products		Total
Net goodwill as of January 1, 2022	$	908.3	$	192.7	$	348.6	$	1,449.6
Additions for current year acquisitions	—		39.0		3.5		42.5
Adjustments to prior year acquisitions	—		.3		—		.3
Allocations to divested businesses	(.3)		—		—		(.3)


Foreign currency translation adjustment	(7.7)		(4.6)		(5.4)		(17.7)
Net goodwill as of December 31, 2022	900.3		227.4		346.7		1,474.4

Adjustments to prior year acquisitions	—		2.9		.8		3.7



Foreign currency translation adjustment	6.2		3.4		2.1		11.7
Net goodwill as of December 31, 2023	$	906.5	$	233.7	$	349.6	$	1,489.8

Net goodwill as of December 31, 2023 is comprised of:
Gross goodwill	$	911.9	$	325.8	$	600.2	$	1,837.9
Accumulated impairment losses	(5.4)		(92.1)		(250.6)		(348.1)
Net goodwill as of December 31, 2023	$	906.5	$	233.7	$	349.6	$	1,489.8


	December 31, 2023						Year Ended December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Intangibles		Gross carrying amounts of items acquired		1	Weighted average life in years for items acquired
Customer-related intangibles	$	331.5	$	244.7	$	86.8	$	—		0
Patents and trademarks	103.6		59.8		43.8		1.5			19.3
Technology	86.8		60.8		26.0		—			0
Non-compete agreements, supply agreements and other	62.0		51.1		10.9		—			0
Total 2	$	583.9	$	416.4	$	167.5	$	1.5		19.3

	December 31, 2022						Year Ended December 31, 2022
Customer-related intangibles	$	622.6	$	206.1	$	416.5	$	22.0		15.0
Patents and trademarks	145.7		52.8		92.9		8.2			15.6
Technology	196.6		51.7		144.9		13.4			13.9
Non-compete agreements, supply agreements and other	66.9		45.8		21.1		.3			4.8
Total	$	1,031.8	$	356.4	$	675.4	$	43.9		14.7

1 2022 includes $40.6 related to business acquisitions. For information regarding our business acquisitions, see Note Q.

2 We incurred impairment charges in 2023 associated with intangible assets as discussed in Note C.

Estimated amortization expense for the next five years is as follows:


2024	$	21.2
2025	19.7
2026	17.9
2027	16.5
2028	15.5

Employee Benefit Plans (Schedule of Fair Value of Pension Plan Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	$ 187.8	$ 175.8	$ 227.7	$ 215.3
Fixed income
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	47.7	39.8
Equities
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	120.0	104.8
Stable value funds
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	7.3	22.1
Money market funds, cash and other
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	12.8	9.1
Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	153.5	125.1
Level 1 \| Fixed income
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	46.3	25.9
Level 1 \| Equities
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	107.2	99.2
Level 1 \| Stable value funds
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	0.0	0.0
Level 1 \| Money market funds, cash and other
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	0.0	0.0
Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	21.5	41.6
Level 2 \| Fixed income
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	1.4	13.9
Level 2 \| Equities
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	12.8	5.6
Level 2 \| Stable value funds
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	7.3	22.1
Level 2 \| Money market funds, cash and other
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	0.0	0.0
Level 3
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	6.9	0.0
Level 3 \| Fixed income
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	0.0	0.0
Level 3 \| Equities
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	0.0	0.0
Level 3 \| Stable value funds
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	0.0	0.0
Level 3 \| Money market funds, cash and other
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	6.9	0.0
Assets Measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	5.9	9.1
Assets Measured at NAV \| Money market funds, cash and other
Defined Benefit Plan Disclosure [Line Items]
Total investments at fair value	$ 5.9	$ 9.1

Stock-Based Compensation (PSU Awards) (Details)	1 Months Ended	12 Months Ended
Stock-Based Compensation (PSU Awards) (Details)	Mar. 31, 2023 company	Dec. 31, 2023 shares	Dec. 31, 2022 shares	Dec. 31, 2021
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of award intended to pay out in stock		50.00%
Percentage of award intended to pay out in cash		50.00%
Reserved percentage of award intended to pay out in cash		100.00%
Award vesting percentage			66.00%
RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award was granted			100.00%
Vesting period in years		3 years
Award vesting percentage			33.00%
2023 PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period in years	3 years
Award performance period (in years)	3 years
Number of companies forming peer group \| company	300
Payout of participants (as a percent)	25.00%
2023 PSU awards \| Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	50.00%
2023 PSU awards \| Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	50.00%
2023 PSU awards \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base award percentage of total shareholder return	0.00%
Payout of participants (as a percent)	100.00%
2023 PSU awards \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base award percentage of total shareholder return	200.00%
Performance Stock Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period in years		3 years
Award performance period (in years)		3 years
Awards based on TSR compared to peer group (as a percent)		50.00%
Awards based upon relative TSR for certain business unit employees (as a percent)		100.00%
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		200.00%
Performance Stock Unit Awards EBIT CAGR Based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period in years		3 years
Award based on EBIT CAGR (as a percent)		50.00%
Performance Stock Unit Awards EBIT CAGR Based \| 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 EBIT CAGR Based \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base award percentage of total shareholder return		200.00%
Performance Stock Unit Awards TSR Based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award performance period (in years)		3 years	3 years	3 years
Estimated Number of Shares (in shares) (less than) \| shares		0	0
Executive Officer \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award was granted		60.00%
Executive Officer \| RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based payment award was granted		40.00%

Employee Benefit Plans

12 Months Ended

Dec. 31, 2023

Retirement Benefits [Abstract]

Employee Benefit Plans

The Consolidated Balance Sheets reflect a net liability for the funded status of our domestic and foreign defined benefit pension plans as of all periods presented. Our domestic plans (comprised primarily of three significant plans) represent approximately 84% of our pension benefit obligation in each of the periods presented. Participants in one of the significant domestic plans have stopped earning benefits; this plan is referred to as our Frozen Plan in the following narrative.

A summary of our pension obligations and funded status as of December 31 is as follows:


	2023		2022		2021
Change in benefit obligation
Benefit obligation, beginning of period	$	191.2	$	270.4	$	286.5
Service cost	3.4		5.3		5.1
Interest cost	9.2		6.6		6.0
Plan participants’ contributions	.4		.4		.5
Actuarial loss (gain) 1	4.8		(71.6)		(10.8)
Benefits paid	(15.8)		(15.9)		(15.6)
Plan amendments	—		—		.1
Curtailments and settlements	—		—		(1.1)
Foreign currency exchange rate changes	1.4		(4.0)		(.3)
Benefit obligation, end of period	$	194.6	$	191.2	$	270.4
Change in plan assets
Fair value of plan assets, beginning of period	$	175.8	$	227.7	$	215.3
Actual return on plan assets	20.9		(35.4)		25.6
Employer contributions	5.0		2.9		2.8
Plan participants’ contributions	.4		.4		.5
Benefits paid	(15.8)		(15.9)		(15.6)
Settlements	—		—		(.8)
Foreign currency exchange rate changes	1.5		(3.9)		(.1)
Fair value of plan assets, end of period	$	187.8	$	175.8	$	227.7
Net funded status	$	(6.8)	$	(15.4)	$	(42.7)
Funded status recognized in the Consolidated Balance Sheets
Other assets—sundry	$	4.7	$	3.9	$	2.8
Other current liabilities	(.3)		(.3)		(.3)
Other long-term liabilities	(11.2)		(19.0)		(45.2)
Net funded status	$	(6.8)	$	(15.4)	$	(42.7)

1 Year-over-year fluctuations in "Actuarial loss (gain)" are primarily driven by changes in the weighted average discount rate assumptions.

Our accumulated benefit obligation was not materially different from our projected benefit obligation for the periods presented.

Comprehensive Income (Loss)

Amounts and activity included in accumulated other comprehensive income associated with pensions are reflected below:


	December 31, 2022		2023 Amortization		2023 Net Actuarial Loss		2023 Foreign Currency Exchange Rates Change		2023 Income Tax Change		December 31, 2023
Net (loss) gain (before tax)	$	(26.8)	$	1.3	$	5.2	$	(.2)	$	—	$	(20.5)
Deferred income taxes	8.4		$	—	—		—		(1.5)		6.9
Accumulated other comprehensive income (loss) (net of tax)	$	(18.4)	$	1.3	$	5.2	$	(.2)	$	(1.5)	$	(13.6)

Net Pension Expense (Income)

Components of net pension expense (income) for the years ended December 31 were as follows:


	2023			2022			2021
Service cost	$	3.4		$	5.3		$	5.1
Interest cost	9.2			6.6			6.0
Expected return on plan assets	(10.9)			(13.2)			(12.5)

Recognized net actuarial loss	1.3			2.5			5.3

Curtailments and settlements	—			—			(.2)
Net pension expense	$	3.0		$	1.2		$	3.7
Weighted average assumptions for pension costs:
Discount rate	5.0		%	2.5		%	2.1		%
Rate of compensation increase	3.4		%	3.5		%	3.5		%
Expected return on plan assets	6.4		%	6.0		%	5.9		%
Weighted average assumptions for benefit obligation:
Discount rate	4.8		%	5.0		%	2.5		%
Rate of compensation increase	3.4		%	3.4		%	3.5		%

Assumptions used for domestic and international plans were not significantly different.

The components of net pension expense other than the service cost component are included in the line item "Other expense (income), net" in the Consolidated Statements of Operations.

We use the average of a Pension Liability Index rate and a 10+ year AAA-AA US Corporate Index rate to determine the discount rate used for our significant pension plans (rounded to the nearest 25 basis points). The Pension Liability Index rate is a calculated rate using yearly spot rates matched against expected future benefit payments. The 10+ year AAA-AA US Corporate Index rate is based on the weighted average yield of a portfolio of high-grade Corporate Bonds with an average duration approximating the plans’ projected benefit payments. The discount rates used for our other, primarily foreign, plans are based on rates appropriate for the respective country and the plan obligations.

The overall expected long-term rate of return is based on each plan’s historical experience and our expectations of future returns based upon each plan’s investment holdings, as discussed below.

Pension Plan Assets

The fair value of our major categories of pension plan assets is disclosed below using a three-level valuation hierarchy that separates fair value valuation techniques into the following categories:

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

•Level 2: Other significant inputs observable either directly or indirectly (including quoted prices for similar securities, interest rates, yield curves, credit risk, etc.).

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

Presented below are our major categories of investments for the periods presented:


	Year Ended December 31, 2023										Year Ended December 31, 2022
	Level 1		Level 2		Level 3 1		Assets Measured at NAV 2		Total		Level 1		Level 2		Level 3		Assets Measured at NAV 2		Total
Mutual and pooled funds
Fixed income	$	46.3	$	1.4	$	—	$	—	$	47.7	$	25.9	$	13.9	$	—	$	—	$	39.8
Equities	107.2		12.8		—		—		120.0		99.2		5.6		—		—		104.8
Stable value funds	—		7.3		—		—		7.3		—		22.1		—		—		22.1
Money market funds, cash and other	—		—		6.9		5.9		12.8		—		—		—		9.1		9.1
Total investments at fair value	$	153.5	$	21.5	$	6.9	$	5.9	$	187.8	$	125.1	$	41.6	$	—	$	9.1	$	175.8

2 Certain investments that are measured at fair value using the net asset value (NAV) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

Our investment policy and strategies are established with a long-term view in mind. We strive for a sufficiently diversified asset mix to minimize the risk of a material loss to the portfolio value due to the devaluation of any single investment. In determining the appropriate asset mix, our financial strength and ability to fund potential shortfalls that might result from poor investment performance are considered. The assets in our Frozen Plan employ a liability-driven investment strategy and have a target allocation of 60% fixed income and 40% equities. The remaining two significant plans have a target allocation of 75% equities and 25% fixed income, as historical equity returns have tended to exceed bond returns over the long term.

Assets of our domestic plans represent the majority of plan assets and are allocated to seven different investments. Six are mutual funds, all of which are passively managed low-cost index funds, and include:

•U.S. Total Stock Market Index: Large-, mid-, and small-cap equity diversified across growth and value styles.

•U.S. Large-Cap Index: Large-cap equity diversified across growth and value styles.

•U.S. Small-Cap Index: Small-cap equity utilizing value style.

•World ex US Index: International equity; broad exposure across developed and emerging non-U.S. equity markets.

•Long-term Bond Index: Diversified exposure to the long-term, investment-grade U.S. bond market.

•Extended Duration Treasury Index: Diversified exposure to U.S. treasuries with maturities of 20-30 years.

The stable value fund consists of a fixed income portfolio offering consistent return and protection against interest rate volatility.

Future Contributions and Benefit Payments

We expect to contribute approximately $1.3 to our defined benefit pension plans in 2024.

Estimated benefit payments expected over the next 10 years are as follows:


2024	$	13.4
2025	13.9
2026	14.4
2027	14.8
2028	14.7
2029-2033	70.2

Defined Contribution Plans

Total expense for our defined contribution plans was $14.2, $13.7, and $12.6 for the years ended December 31, 2023, 2022, and 2021, respectively.

Multi-employer Pension Plans

We have limited participation in one union-sponsored, defined benefit, multi-employer pension plan. The plan is not administered by us, and contributions are determined in accordance with provisions of negotiated labor contracts. Aggregate contributions to the plan were immaterial for each of the years presented. In addition to regular contributions, we could be obligated to pay additional contributions (known as complete or partial withdrawal liabilities) if a plan has unfunded vested benefits. Factors that could impact the funded status of the plan include investment performance, changes in the participant demographics, financial stability of contributing employers, and changes in actuarial assumptions. Withdrawal liability triggers could include a plan's termination, a withdrawal of substantially all employers, or our voluntary withdrawal from the plan (such as decision to close a facility or the dissolution of a collective bargaining unit). We have a very small share of the liability among the participants of the plan. Based upon the information available from the plan administrator, the multi-employer plan in which we participate is underfunded, and we estimate our aggregate share of potential withdrawal liability for the plan to approximate $19.0. We have not recorded any material withdrawal liabilities for the years presented.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

Valuation And Qualifying Accounts And Reserves (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Less: Net Charge-offs/(Recoveries) and Other	$ 22.0	$ 1.2
Allowance for doubtful receivables
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	39.0	37.0	$ 42.0
Charged to cost and expenses	(6.5)	3.2	(3.4)
Deductions	22.0	1.2	1.6
Balance at end of period	10.5	39.0	37.0
Tax valuation allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	15.7	16.2	18.1
Charged to cost and expenses	0.8	(0.4)	(0.1)
Deductions	(1.2)	0.1	1.8
Balance at end of period	$ 17.7	$ 15.7	$ 16.2

Income Taxes (Income Tax Expense (Benefit) ) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current
Federal	$ 24.4	$ 48.3	$ 57.0
State and local	3.7	7.9	11.5
Foreign	64.5	53.2	59.5
Total current	92.6	109.4	128.0
Deferred
Federal	(100.6)	(14.1)	(9.3)
State and local	(19.9)	(2.0)	(2.3)
Foreign	(8.7)	0.4	3.1
Total deferred	(129.2)	(15.7)	(8.5)
Total income taxes	$ (36.6)	$ 93.7	$ 119.5

Other Expense (Income), Net

12 Months Ended

Dec. 31, 2023

Other Nonoperating Income (Expense) [Abstract]

Other Expense (Income), Net

The components of "Other expense (income), net" were as follows:


	Year Ended December 31
	2023		2022		2021


Restructuring charges	$	2.9	$	1.4	$	(.3)

Currency loss (gain)	4.2		(3.3)		1.3

(Gain) loss from diversified investments associated with the ESU program (See Note K)	(7.7)		8.4		(6.2)
Reduction to contingent purchase price liability (See Note Q)	(14.9)		(1.2)		—

COVID-19 government subsidies and business interruption policy 1	—		(.6)		(8.5)
Non-service pension income (See Note L)	(.4)		(4.1)		(1.4)
Other expense (income)	2.1		(.4)		(2.8)
	$	(13.8)	$	.2	$	(17.9)

Stock-Based Compensation (Schedule Of Stock Unit Information) (Details) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Total Units
Non-vested (in shares)	1.0
Granted based on current service (in shares)	0.9
Granted based on future conditions (in shares)	0.3
Vested (in shares)	(0.8)
Forfeited (in shares)	(0.4)
Non-vested (in shares)	1.0
Fully vested stock units outstanding (in shares)	3.5
Weighted Average Grant Date Fair Value per Unit
Non-vested (in dollars per share) \| $ / shares	$ 42.34
Granted based on current service (in dollars per share) \| $ / shares	29.74
Granted based on future conditions (in dollars per share) \| $ / shares	14.66
Vested (in dollars per share) \| $ / shares	30.39
Forfeited (in dollars per share) \| $ / shares	23.95
Non-vested (in dollars per share) \| $ / shares	$ 42.38
Aggregate Intrinsic Value
Total non-vested \| $	$ 25.5
Fully vested shares available for issuance \| $	$ 92.3
DSU
Total Units
Non-vested (in shares)	0.0
Granted based on current service (in shares)	0.2
Granted based on future conditions (in shares)	0.0
Vested (in shares)	(0.2)
Forfeited (in shares)	0.0
Non-vested (in shares)	0.0
ESU
Total Units
Non-vested (in shares)	0.0
Granted based on current service (in shares)	0.3
Granted based on future conditions (in shares)	0.0
Vested (in shares)	(0.3)
Forfeited (in shares)	0.0
Non-vested (in shares)	0.0
PSU
Total Units
Non-vested (in shares)	0.8
Granted based on current service (in shares)	0.0
Granted based on future conditions (in shares)	0.3
Vested (in shares)	0.0
Forfeited (in shares)	(0.3)
Non-vested (in shares)	0.8
RSU
Total Units
Non-vested (in shares)	0.2
Granted based on current service (in shares)	0.4
Granted based on future conditions (in shares)	0.0
Vested (in shares)	(0.3)
Forfeited (in shares)	(0.1)
Non-vested (in shares)	0.2
Maximum \| Performance Stock Unit Awards
Aggregate Intrinsic Value
Base award percentage of total shareholder return	200.00%

Long-Term Debt (Narrative) (Details)	1 Months Ended	12 Months Ended
Long-Term Debt (Narrative) (Details)	Nov. 30, 2021 USD ($)	Dec. 31, 2023 USD ($) type_of_borrowing business_day lender	Dec. 31, 2022 USD ($)
Short-term Debt [Line Items]
Total authorized program		$ 1,200,000,000	$ 1,200,000,000
Number of lenders in syndicate \| lender		12
Number of types of borrowing that may be elected under the facility \| type_of_borrowing		5
Number of business days' notice to terminate facility \| business_day		3
Letter of Credit
Short-term Debt [Line Items]
Total authorized program		$ 125,000,000.0
Line of Credit
Short-term Debt [Line Items]
Excess of without planned expenditures		$ 750,000,000.0
Leverage ratio to EBITDA		3.50
Secured debt limit, percentage of total consolidated assets		15.00%
Line of Credit \| Debt Covenant 2
Short-term Debt [Line Items]
Leverage ratio to EBITDA		4.00
Term notes \| Senior Notes, Due 2051
Short-term Debt [Line Items]
Long-term debt	$ 500,000,000.0
Stated percentage (as a percent)	3.50%
Term notes \| Senior Notes, Due 2022
Short-term Debt [Line Items]
Stated percentage (as a percent)	3.40%
Repayments of debt	$ 300,000,000.0
Revolving credit facility
Short-term Debt [Line Items]
Total authorized program		$ 1,200,000,000
Credit facility outstanding		0	$ 0
Line of credit facility, current borrowing capacity		331,900,000
Revolving credit facility \| Line of Credit
Short-term Debt [Line Items]
Total authorized program		1,200,000,000
Letter of Credit
Short-term Debt [Line Items]
Credit facility outstanding		$ 0

Lease Obligations (Lease Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating lease costs:
Lease costs	$ 65.4	$ 56.1	$ 50.1
Variable lease costs	18.6	15.1	15.4
Total operating lease costs	84.0	71.2	65.5
Short-term lease costs	6.6	6.6	7.0
Finance lease costs:
Amortization of right-of-use assets	1.8	1.7	1.7
Interest on lease liabilities	0.1	0.1	0.1
Total finance lease costs	1.9	1.8	1.8
Total lease costs	$ 92.5	$ 79.6	$ 74.3

Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:


	December 31
	2023		2022
Operating leases:
Operating lease right-of-use assets	$	193.2	$	195.0

Current portion of operating lease liabilities	$	57.3	$	49.5
Operating lease liabilities	150.5		153.6
Total operating lease liabilities	$	207.8	$	203.1

Finance leases:
Sundry	$	4.0	$	4.2

Current maturities of long-term debt	$	1.2	$	1.1
Long-term debt	2.8		3.1
Total finance lease liabilities	$	4.0	$	4.2

Schedule of Components of Lease Expense

The components of lease expense were as follows:


	Year Ended December 31
	2023		2022		2021
Operating lease costs:
Lease costs	$	65.4	$	56.1	$	50.1
Variable lease costs	18.6		15.1		15.4
Total operating lease costs	$	84.0	$	71.2	$	65.5

Short-term lease costs	$	6.6	$	6.6	$	7.0

Finance lease costs:
Amortization of right-of-use assets	$	1.8	$	1.7	$	1.7
Interest on lease liabilities	.1		.1		.1
Total finance lease costs	$	1.9	$	1.8	$	1.8

Total lease costs	$	92.5	$	79.6	$	74.3

Supplemental cash flow information related to leases was as follows:


	Year Ended December 31
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	60.4	$	52.4	$	48.6
Operating cash flows from finance leases	.1		.1		.1
Financing cash flows from finance leases	1.8		1.7		1.7

Right-of-use assets obtained in exchange for new operating lease liabilities	59.8		53.0		74.0
Right-of-use assets obtained in exchange for new finance lease liabilities	1.4		1.4		1.9

Schedule of Lessee, Operating Lease, Liability, Maturity


	December 31, 2023
	Operating Leases			Finance Leases
2024	$	62.2		$	1.3
2025	51.7			1.2
2026	42.1			.9
2027	28.3			.5
2028	13.9			.2
Thereafter	22.4			.1
Total	220.6			4.2
Less: interest	12.8			.2
Lease liability	$	207.8		$	4.0

Weighted average remaining lease term (years)	4.6			3.6
Weighted average discount rate	2.8		%	2.7		%

Schedule of Operating Leases, Schedule of Future Minimum Payments


	December 31, 2023
	Operating Leases			Finance Leases
2024	$	62.2		$	1.3
2025	51.7			1.2
2026	42.1			.9
2027	28.3			.5
2028	13.9			.2
Thereafter	22.4			.1
Total	220.6			4.2
Less: interest	12.8			.2
Lease liability	$	207.8		$	4.0

Weighted average remaining lease term (years)	4.6			3.6
Weighted average discount rate	2.8		%	2.7		%

Revenue

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue

Revenue by Product Family


	Year Ended December 31
	2023		2022		2021
Bedding Products
Bedding Group	$	1,964.7	$	2,356.3	$	2,455.9
	1,964.7		2,356.3		2,455.9
Specialized Products
Automotive Group	878.4		846.5		801.4
Aerospace Products Group	154.1		120.9		102.9
Hydraulic Cylinders Group 1	247.3		150.9		94.6
	1,279.8		1,118.3		998.9
Furniture, Flooring & Textile Products
Home Furniture Group	300.5		398.0		434.3
Work Furniture Group	272.8		318.7		284.1
Flooring & Textile Products Group	907.5		955.4		899.4
	1,480.8		1,672.1		1,617.8
	$	4,725.3	$	5,146.7	$	5,072.6

1 In August 2022, we acquired a manufacturer of hydraulic cylinders for material-handling and heavy construction equipment. (see Note Q).

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

Schedule of Restructuring-Related Costs

The expected breakout of these costs is shown below:


			Total Amount Expected to be Incurred
Restructuring
Employee termination costs			$10.0 to $15.0
Facility closure, asset relocation, and other			20.0 to 25.0
Restructuring-related costs
Accelerated depreciation or long-lived asset impairments			25.0 to 30.0
Inventory obsolescence and other			10.0 to 15.0
Total estimated pretax cost			$65.0 to $85.0

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Inventory

The following table recaps the components of inventory for each period presented:


	December 31, 2023		December 31, 2022
Finished goods	$	361.3	$	389.9
Work in process	73.5		71.1
Raw materials and supplies	384.9		446.5

Inventories	$	819.7	$	907.5

Schedule of Property, Plant and Equipment

Accelerated methods are used for tax purposes. These assets are reviewed for recoverability as discussed below in Long-Lived Assets Impairment Evaluation.


	Useful Life Range	Weighted Average Life
Machinery and equipment	5-30 years	13 years
Buildings	4-40 years	26 years
Other items	5-15 years	11 years

Summary of Other Intangible Assets


	Useful Life Range	Weighted Average Life
Other intangible assets	7-20 years	15 years

Goodwill and Other Intangible Assets (Changes In The Carrying Amounts Of Goodwill) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Net goodwill, beginning of period	$ 1,474.4	$ 1,449.6
Additions for current year acquisitions		42.5
Adjustments to prior year acquisitions	3.7	0.3
Allocations to divested businesses		(0.3)
Foreign currency translation adjustment	11.7	(17.7)
Net goodwill, end of period	1,489.8	1,474.4
Gross goodwill	1,837.9
Accumulated impairment losses	(348.1)
Goodwill	1,489.8	1,474.4
Bedding Products
Goodwill [Roll Forward]
Net goodwill, beginning of period	900.3	908.3
Additions for current year acquisitions		0.0
Adjustments to prior year acquisitions	0.0	0.0
Allocations to divested businesses		(0.3)
Foreign currency translation adjustment	6.2	(7.7)
Net goodwill, end of period	906.5	900.3
Gross goodwill	911.9
Accumulated impairment losses	(5.4)
Goodwill	906.5	900.3
Specialized Products
Goodwill [Roll Forward]
Net goodwill, beginning of period	227.4	192.7
Additions for current year acquisitions		39.0
Adjustments to prior year acquisitions	2.9	0.3
Allocations to divested businesses		0.0
Foreign currency translation adjustment	3.4	(4.6)
Net goodwill, end of period	233.7	227.4
Gross goodwill	325.8
Accumulated impairment losses	(92.1)
Goodwill	233.7	227.4
Furniture, Flooring & Textile Products
Goodwill [Roll Forward]
Net goodwill, beginning of period	346.7	348.6
Additions for current year acquisitions		3.5
Adjustments to prior year acquisitions	0.8	0.0
Allocations to divested businesses		0.0
Foreign currency translation adjustment	2.1	(5.4)
Net goodwill, end of period	349.6	346.7
Gross goodwill	600.2
Accumulated impairment losses	(250.6)
Goodwill	$ 349.6	$ 346.7

Contingencies (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Reasonably possible losses that may be incurred	$ 1.4	$ 0.9	$ 1.0
Reasonably possible losses in excess of accruals	$ 22.0

Stock-Based Compensation (Deferred Stock Compensation Program) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate amount of compensation deferred during 2023	$ 11.2	$ 10.8
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate amount of compensation deferred during 2023	0.1
Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate amount of compensation deferred during 2023	4.3
Cash
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate amount of compensation deferred during 2023	$ 0.6

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stock-Based Compensation

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

We use various forms of share-based compensation, which are summarized below. One stock unit is equivalent to one common share for accounting and earnings-per-share purposes. Shares are issued from treasury for the majority of our stock plans’ activity. All share information is presented in millions.

Stock options and stock units are granted pursuant to our Flexible Stock Plan (the "Plan"). Each option counts as one share against the shares available under the Plan, but each share granted for any other awards will count as three shares against the Plan.

At December 31, 2023, the following common shares were authorized for issuance under the Plan:


	Shares Available for Issuance	Maximum Number of Authorized Shares
Unexercised options	.4	.4
Outstanding stock units—vested	3.5	9.6
Outstanding stock units—unvested	1.0	2.9
Available for grant	6.0	6.0
Authorized for issuance at December 31, 2023	10.9	18.9

The following table recaps the impact of stock-based compensation on the results of operations for each of the periods presented:


	Year Ended December 31
	2023				2022				2021
	To Be Settled With Stock		To Be Settled In Cash		To Be Settled With Stock		To Be Settled In Cash		To Be Settled With Stock		To Be Settled In Cash



Executive Stock Unit (ESU) program contributions 1	$	3.0	$	.7	$	3.7	$	.7	$	4.0	$	.6
Discounts on various stock awards:
Deferred Stock Compensation Program 2	1.5		—		1.6		—		1.5		—
ESU program 1	1.2		—		1.4		—		1.1		—
Discount Stock Plan 3	.7		—		.8		—		.9		—
Performance Stock Unit (PSU) awards: 4
2023 PSU awards 4A	1.3		1.1		—		—		—		—
2022 and prior PSU awards 4B	1.3		(.5)		.8		(2.5)		7.8		4.0


Restricted Stock Unit (RSU) awards 5	8.8		—		10.2		—		8.2		—
Other, primarily non-employee directors restricted stock	.8		—		1.0		—		.4		—
Total stock-related compensation expense (income)	18.6		$	1.3	19.5		$	(1.8)	23.9		$	4.6
Employee contributions for above stock plans	9.0				10.6				10.3
Total stock-based compensation	$	27.6			$	30.1			$	34.2

Tax benefits on stock-based compensation expense	$	4.5			$	4.7			$	5.8
Tax benefits on stock-based compensation payments	.4				.6				3.4
Total tax benefits associated with stock-based compensation	$	4.9			$	5.3			$	9.2

The following table recaps the impact of stock-based compensation on assets and liabilities for each of the periods presented:


	2023						2022
	Current		Long-term		Total		Current		Long-term		Total
Assets:
Diversified investments associated with the ESU program 1	$	3.6	$	46.8	$	50.4	$	3.1	$	39.7	$	42.8

Liabilities:
ESU program 1	$	3.7	$	48.7	$	52.4	$	3.1	$	40.9	$	44.0
PSU awards 4	.1		1.8		1.9		—		1.3		1.3

Other - primarily timing differences between employee withholdings and related employer contributions to be submitted to various plans' trust accounts	5.5		—		5.5		5.9		—		5.9
Total liabilities associated with stock-based compensation	$	9.3	$	50.5	$	59.8	$	9.0	$	42.2	$	51.2

ESU Program

The ESU program is a stock-based retirement plan for highly compensated employees. We make a matching contribution of 50% and will make another matching contribution of up to 50% of the employee’s contributions for the year if certain profitability levels, as defined in the ESU program, are obtained.

Participants in the ESU program may contribute up to 10% (depending upon certain qualifications) of their compensation above the threshold. Participant contributions are credited to a diversified investment account established for the participant, and we make premium contributions to the diversified investment accounts equal to 17.65% of the participant’s contribution. A participant’s diversified investment account balance is adjusted to mirror the investment experience, whether positive or negative, of the diversified investments selected by the participant. Participants may change investment elections in the diversified investment accounts, but cannot purchase Company common stock or stock units. The diversified investment accounts consist of various mutual funds and retirement target funds and are unfunded, unsecured obligations of the Company that will be settled in cash. Both the assets and liabilities associated with this program are presented in the table above and are adjusted to fair value at each reporting period.

Company matching contributions to the ESU program, including dividend equivalents, are used to acquire stock units at 85% of the common stock market price on the acquisition date. Stock units are converted to common stock at a 1-to-1 ratio upon distribution from the program and may be settled in cash, except for distributions to the Company's Section 16 Officers.

Company matches in the ESU program fully vest upon five years of cumulative service, subject to certain participation requirements. Distributions are triggered by an employee’s retirement, death, disability, or separation from Leggett.

In 2023, employee contributions were $3.9, and employer premium contributions to diversified investment accounts were $.7. See the stock-based compensation table above for information regarding employer contributions.

Details regarding stock unit activity for the ESU program are reflected in the stock units summary table below.

Deferred Compensation Program

We offer a Deferred Compensation Program under which key managers and outside directors may elect to receive stock options, stock units, or interest-bearing cash deferrals in lieu of cash compensation:

•Stock options under this program are granted in the last month of the year prior to the year the compensation is earned. The number of options granted equals the deferred compensation times five, divided by the stock’s market price on the date of grant. The option has a 10-year term. It vests as the associated compensation is earned and becomes exercisable beginning 15 months after the grant date. Stock is issued when the option is exercised. Grant date fair values are calculated using the Black-Scholes option pricing model and are amortized by the straight-line method over the options’ total vesting period, except for employees who are retirement eligible. Expense for employees who are retirement eligible is recognized immediately. Stock option activity for the years presented was not material.

•Deferred stock units (DSU) under this program are acquired every two weeks (when the compensation would have otherwise been paid) at a 20% discount to the market price of our common stock on each acquisition date, and they vest immediately. Expense is recorded as the compensation is earned. Stock units earn dividends at the same rate as cash dividends paid on our common stock. These dividends are used to acquire stock units at a 20% discount. Stock units are converted to common stock and distributed in accordance with the participant’s pre-set election. However, stock units may be settled in cash, but only if there is not a sufficient amount of shares reserved for future issuance under the Flexible Stock Plan. Participants must begin receiving distributions no later than 10 years after the effective date of the deferral, and installment distributions cannot exceed 10 years.

•Interest-bearing cash deferrals under this program are reported in "Other long-term liabilities" on the Consolidated Balance Sheets and are disclosed in Note H.


	Options		Units		Cash
Aggregate amount of compensation deferred during 2023	$	.1	$	4.3	$	.6

Discount Stock Plan

Under the Discount Stock Plan (DSP), a tax-qualified §423 stock purchase plan, eligible employees may purchase shares of Leggett common stock at 85% of the closing market price on the last business day of each month. Shares are purchased and issued on the last business day of each month and generally cannot be sold or transferred for one year.


Average 2023 purchase price per share (net of discount)	$	25.37
2023 number of shares purchased by employees	.2
Shares purchased since inception in 1982	24.0
Maximum shares under the plan	27.0

PSU Awards

Our long-term incentive awards are split between PSUs and RSUs. Beginning in 2023, executive officers received 60% PSUs and 40% RSUs. Prior to 2023, executive officers received two thirds PSUs and one third RSUs. For other selected participants, the award is granted at either half PSUs and half RSUs or 100% RSUs.

We intend to pay 50% in shares of our common stock and 50% in cash, although we reserve the right (subject to the Human Resources and Compensation (HRC) Committee's approval) to pay up to 100% in cash. Cash settlements are recorded as a liability and adjusted to fair value at each reporting period.

4A 2023 PSU Awards

In March 2023, the HRC Committee amended the PSU award agreement. Following the amendment, the 2023 awards are based on two performance conditions as detailed below. The base payout percentage will be determined by the level of achievement of these performance conditions, and then adjusted by a payout multiplier based on our Total Shareholder Return (TSR) compared to a peer group. Participants will earn from 0% to 200% of the base award.

Grant date fair values are calculated based on the grant date stock price and a Monte Carlo simulation of stock and volatility data for Leggett and each of the peer companies for the payout multiplier. Expense is adjusted every quarter over the three-year vesting period based on the number of shares expected to vest.

The PSU awards contain the following conditions:

•A service requirement—Awards generally "cliff" vest three years following the grant date.

•Two performance conditions over the three-year performance period:

◦50% of the awards are based on Return on Invested Capital (ROIC). ROIC is calculated as our average annual net operating profit after tax divided by our average invested capital.

◦50% of the awards are based on achieving specified Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) performance targets.

•A market condition—The payout multiplier is based upon our relative TSR compared to a group of peer companies during the three-year performance period. The peer group consists of all the companies in the Industrial, Materials, and Consumer Discretionary sectors of the S&P 500 and S&P Midcap 400 (approximately 300 companies). The multiplier will increase or decrease the payout by up to 25%, not to exceed the maximum 200% payout, and may not increase the payout above 100% if our TSR is negative.

4B 2022 and Prior PSU Awards

TSR Based

Previous to 2023, PSU awards were based 50% upon our TSR compared to a peer group. A small number of PSU awards were based 100% upon relative TSR for certain business unit employees to complement their particular mix of incentive compensation. Grant date fair values were calculated using a Monte Carlo simulation of stock and volatility data for Leggett and each of the peer companies. Grant date fair values are amortized using the straight-line method over the three-year vesting period.

The relative TSR component of the PSU awards contained the following conditions:

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

•A market condition—Awards are based on our TSR compared to the same peer group as noted above. Participants will earn from 0% to 200% of the base award depending upon how our TSR ranks within the peer group at the end of the three-year performance period.

EBIT CAGR Based

Previous to 2023, PSU awards were based 50% upon our, or the applicable profit center's, EBIT CAGR. Grant date fair values were calculated using the grant date stock price discounted for dividends over the vesting period. Expense is adjusted every quarter over the three-year vesting period based on the number of shares expected to vest.

The EBIT CAGR component of the PSU awards contained the following conditions:

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

•A performance condition—Awards are based on achieving specified EBIT CAGR targets for our, or the applicable profit center's, EBIT during the third year of the period compared to EBIT during the fiscal year immediately preceding the period. Participants will earn from 0% to 200% of the base award.

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


	Year Ended December 31
	2023			2022			2021
2023 awards and prior year TSR Based awards
Total shares base award	.1			.1			.1
Grant date per share fair value	$	29.31		$	41.13		$	49.43
Risk-free interest rate	4.4		%	1.7		%	.2		%
Vesting period in years	3.0			3.0			3.0
Expected volatility	45.7		%	45.2		%	44.3		%
Expected dividend yield	5.5		%	4.6		%	3.7		%

Prior year EBIT CAGR Based awards
Total shares base award	—			.1			.1
Grant date per share fair value	$	—		$	32.88		$	38.77
Vesting period in years	0.0			3.0			3.0


Three-Year Performance Cycle for PSU - EBIT CAGR Based
Award Year	Completion Date	Payout as a Percent of the Base Award	Number of Shares Distributed	Cash Portion		Distribution Date
2019	December 31, 2021	127.0%	<.1 million	$	3.5	First quarter 2022
2020	December 31, 2022	—%	— million	$	—	First quarter 2023
2021	December 31, 2023	6.0%	<.1 million	$	.1	First quarter 2024

There were no stock or cash distributions in the PSU - TSR Based awards in the years presented as our TSR performance relative to the peer group was below the payout criteria for the 2019 - 2021 award years (for which the three-year performance periods ended December 31, 2021, 2022, and 2023).

5 Restricted Stock Unit Awards

RSU awards are generally granted as follows:

•As part of our long-term incentive awards, along with PSUs as discussed above

•As annual awards to selected managers

•On a discretionary basis to selected employees

•As compensation for outside directors

The value of these awards is determined by the stock price on the day of the award, and expense is recognized over the three-year vesting period, except for retirement-eligible employees that are expensed immediately at the RSU grant date or as they become retirement eligible. Those who are retirement eligible (after age 65 or after the date where the participant’s age plus years of service is greater than or equal to 70 years) will continue to receive shares that will vest after the retirement date.

Stock Units Summary

As of December 31, 2023, the unrecognized cost of non-vested stock units that is not adjusted to fair value was $7.4 with a weighted-average remaining contractual life of one year.

Stock unit information for the plans discussed above is presented in the table below:


	DSU	ESU	PSU	RSU	Total Units	Weighted Average Grant Date Fair Value per Unit		Aggregate Intrinsic Value
Unvested at December 31, 2022	—	—	.8	.2	1.0	$	42.34
Granted based on current service	.2	.3	—	.4	.9	29.74
Granted based on future conditions*	—	—	.3	—	.3	14.66
Vested	(.2)	(.3)	—	(.3)	(.8)	30.39
Forfeited*	—	—	(.3)	(.1)	(.4)	23.95


Unvested at December 31, 2023	—	—	.8	.2	1.0	$	42.38	$	25.5
Fully vested shares available for issuance at December 31, 2023					3.5			$	92.3

*PSU awards are presented at maximum payout of 200% at grant date and when forfeited.


	Year Ended December 31
	2023		2022		2021
Total intrinsic value of vested stock units converted to common stock	$	1.9	$	5.7	$	10.5

Derivative Financial Instruments (Derivative Financial Instruments At Fair Value) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Assets
Other Current Assets	$ 5.7	$ 2.4
Sundry	0.5	0.5
Liabilities
Other Current Liabilities	3.3	5.5
Other Long-Term Liabilities	$ 0.2	$ 0.4
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Assets, Current	Assets, Current
Designated as hedging instruments \| Cash flow hedges
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	$ 298.2	$ 263.4
Assets
Other Current Assets	5.3	1.9
Sundry	0.5	0.5
Liabilities
Other Current Liabilities	2.4	4.3
Other Long-Term Liabilities	0.2	0.4
Designated as hedging instruments \| Fair value hedges
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	21.7	65.5
Assets
Other Current Assets	0.3	0.3
Sundry	0.0	0.0
Liabilities
Other Current Liabilities	0.0	1.0
Other Long-Term Liabilities	0.0	0.0
Not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	87.9	86.0
Assets
Other Current Assets	0.1	0.2
Sundry	0.0	0.0
Liabilities
Other Current Liabilities	0.9	0.2
Other Long-Term Liabilities	$ 0.0	$ 0.0

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Principles Of Consolidation

Estimates

Cash Equivalents

Trade And Other Receivables And Allowance For Doubtful Accounts

INVENTORIES:

We utilize the following methodologies in determining fair value:

•Other working capital items are generally recorded at carrying value, unless there are known conditions that would impact the ultimate settlement amount of the particular item.

Property, Plant And Equipment


	Useful Life Range	Weighted Average Life
Machinery and equipment	5-30 years	13 years
Buildings	4-40 years	26 years
Other items	5-15 years	11 years

Leases

Right-of-use assets are reviewed for recoverability as discussed below in Long-Lived Assets Impairment Evaluation.

Goodwill

Other Intangible Assets


	Useful Life Range	Weighted Average Life
Other intangible assets	7-20 years	15 years

Long-lived Asset Impairment Evaluation

Stock-Based Compensation

Revenue Recognition/Shipping And Handling Fees And Costs

SHIPPING AND HANDLING FEES AND COSTS: Shipping and handling costs are included as a component of “Cost of goods sold.”

Revenue by Product Family

Restructuring Costs

Income Taxes

Concentration Of Credit Risks, Exposures And Financial Instruments

We have no material guarantees or liabilities for product warranties which require disclosure.

The carrying value of cash and short-term financial instruments approximates fair value due to the short maturity of those instruments

Other Risks

Derivative Financial Instruments

On the date the contract is entered into, we designate the derivative as one of the following types of hedging instruments and account for it as follows:

hedges, on the same line as the hedged item. Cash flows from settled contracts are presented in the category consistent with the nature of the item being hedged.

Foreign Currency Translation

Reclassifications

New Accounting Guidance

To be adopted in future years