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Credit Facility Amendment	9 Months Ended
Credit Facility Amendment	Sep. 30, 2024
Debt Disclosure [Abstract]
Credit Facility Amendment	Credit Facility Amendment In March 2024, we amended our credit facility to change the Leverage Ratio. The prior Leverage Ratio covenant required us to maintain, as of the last day of each quarter, or when we borrow under the credit facility, a Leverage Ratio of consolidated funded indebtedness to trailing 12-month consolidated EBITDA (each as defined in the credit facility) of not greater than 3.50 to 1.00. Under the amendment, the Leverage Ratio covenant was increased from 3.50 to 1.00 to 4.00 to 1.00 for each quarter-end beginning March 31, 2024 and ending June 30, 2025. The Leverage Ratio covenant will revert to 3.50 to 1.00 for the quarter ending September 30, 2025 and thereafter until maturity. Also, the provision permitting a temporary increase in the maximum Leverage Ratio in the event of a Material Acquisition will not apply unless the acquisition occurs after June 30, 2025. The maturity date of September 30, 2026 remains unchanged. At September 30, 2024, we were in compliance with all of its debt covenants and expect to be able to maintain compliance with the amended debt covenant requirements.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Interim Presentation (Policies)	9 Months Ended
Interim Presentation (Policies)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Presentation	The interim financial statements of Leggett & Platt, Incorporated (we, us, or our) included herein have not been audited by an independent registered public accounting firm. The statements include all adjustments, including normal recurring accruals, which management considers necessary for a fair statement of our financial position and operating results for the periods presented. We have prepared the statements pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted pursuant to such rules and regulations. The operating results for interim periods are not necessarily indicative of results to be expected for an entire year.
Accounts Receivable	Accounts Receivable and Accounts Payable Programs 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 Condensed Balance Sheets and the related proceeds are reported as cash provided by operating activities in the Consolidated Condensed Statements of Cash Flows. We had approximately $45.0 and $60.0 of trade receivables that were sold and removed from our balance sheets at September 30, 2024 and December 31, 2023, respectively. We sometimes utilize third-party programs that allow our suppliers to be paid earlier at a discount or for a fee. 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 associated with the third-party programs, which remain on our Consolidated Condensed Balance Sheets, were approximately $100.0 at September 30, 2024 and $105.0 at December 31, 2023, respectively. The above items encompass multiple individual programs that are utilized as tools in our cash flow management, and we offer them as options to facilitate customer and vendor 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.
Accounts Payable Programs	Accounts Receivable and Accounts Payable Programs 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 Condensed Balance Sheets and the related proceeds are reported as cash provided by operating activities in the Consolidated Condensed Statements of Cash Flows. We had approximately $45.0 and $60.0 of trade receivables that were sold and removed from our balance sheets at September 30, 2024 and December 31, 2023, respectively. We sometimes utilize third-party programs that allow our suppliers to be paid earlier at a discount or for a fee. 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 associated with the third-party programs, which remain on our Consolidated Condensed Balance Sheets, were approximately $100.0 at September 30, 2024 and $105.0 at December 31, 2023, respectively. The above items encompass multiple individual programs that are utilized as tools in our cash flow management, and we offer them as options to facilitate customer and vendor 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.
New Accounting Guidance	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: Not yet adopted •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. •ASU 2024-03 "Income Statement (Subtopic 220-40)—Reporting Comprehensive Income—Expense Disaggregation Disclosures": This ASU requires disaggregated disclosures for specific categories such as inventory purchases, employee compensation, depreciation, and amortization, as well as other qualitative descriptions. This guidance will be effective for annual periods beginning January 1, 2027, and interim periods beginning January 1, 2028. We are currently evaluating the impact of adopting this guidance. The FASB has issued accounting guidance, in addition to the issuances 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.
Revenue	Revenue by Product Family 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.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

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+ Details

Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Stock-Based Compensation (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation			$ 22.2	$ 21.7
Tax benefits on stock-based compensation expense	$ 0.7	$ 0.6	2.9	3.9
To be settled with stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	2.4	2.4	16.3	14.9
Employee contributions for above stock plans	2.0	2.8	5.9	6.8
Total stock-based compensation	4.4	5.2	22.2	21.7
Tax benefits on stock-based compensation expense	0.6	0.6	4.0	3.6
To be settled with stock \| Tax (expense)/benefits on stock-based compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefits on stock-based compensation expense	0.1	0.0	(1.1)	0.3
To be settled with stock \| Executive Stock Unit (ESU) Program matching contributions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	1.0	0.1	2.6	1.9
To be settled with stock \| Discounts on various stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	0.5	0.7	2.3	2.5
To be settled with stock \| Performance Stock Unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	(0.2)	0.3	0.0	2.2
To be settled with stock \| Restricted Stock Unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	0.8	0.9	10.0	7.0
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-based compensation expense (income)	0.3	0.4	1.4	1.3
To be settled in cash
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	0.4	(0.1)	0.0	1.0
To be settled in cash \| Executive Stock Unit (ESU) Program matching contributions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	0.2	0.2	0.5	0.5
To be settled in cash \| Discounts on various stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	0.0	0.0	0.0	0.0
To be settled in cash \| Performance Stock Unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	0.2	(0.3)	(0.5)	0.5
To be settled in cash \| Restricted Stock Unit awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense (income)	0.0	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-based compensation expense (income)	$ 0.0	$ 0.0	$ 0.0	$ 0.0

Derivative Financial Instruments - Summary of Pre-Tax (Gains) Losses of Hedging Activities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	$ 1.9	$ (0.7)	$ (0.1)	$ 3.5
Designated as hedging instruments \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	(0.1)	0.9	(0.7)	1.0
Designated as hedging instruments \| Fair value hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	(0.3)	0.8	0.2	1.4
Designated as hedging instruments \| Interest rate cash flow hedges \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	(0.1)	0.5	(0.3)	0.3
Designated as hedging instruments \| Currency cash flow hedges \| Cash flow hedges \| Net trade sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	0.3	1.1	1.0	2.7
Designated as hedging instruments \| Currency cash flow hedges \| Cash flow hedges \| Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	(0.3)	(0.7)	(1.4)	(2.0)
Not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	$ 2.3	$ (2.4)	$ 0.4	$ 1.1

Consolidated Condensed Statements of Changes in Equity - USD ($) $ in Millions	Total	Common Stock & Additional Contributed Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interest
Beginning balance at Dec. 31, 2022	$ 1,641.4	$ 570.5	$ 3,046.0	$ (93.5)	$ (1,882.3)	$ 0.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	160.6		160.5			0.1
Dividends declared	(181.0)	4.2	(185.2)
Treasury stock purchased	(5.9)				(5.9)
Treasury stock issued	4.6	(18.7)			23.3
Other comprehensive income (loss), net of tax	(3.2)			(3.2)
Stock-based compensation transactions, net of tax	19.4	19.4
Ending balance at Sep. 30, 2023	1,635.9	575.4	3,021.3	(96.7)	(1,864.9)	0.8
Beginning balance at Jun. 30, 2023	1,668.6	572.2	3,031.2	(68.5)	(1,866.9)	0.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	52.9		52.8			0.1
Dividends declared	(61.3)	1.4	(62.7)
Treasury stock purchased	(0.6)				(0.6)
Treasury stock issued	1.2	(1.4)			2.6
Other comprehensive income (loss), net of tax	(28.1)			(28.2)		0.1
Stock-based compensation transactions, net of tax	3.2	3.2
Ending balance at Sep. 30, 2023	1,635.9	575.4	3,021.3	(96.7)	(1,864.9)	0.8
Beginning balance at Dec. 31, 2023	1,334.0	577.8	2,661.1	(43.7)	(1,861.9)	0.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	(525.6)		(525.7)			0.1
Dividends declared	(75.0)	3.1	(78.1)
Treasury stock purchased	(4.5)				(4.5)
Treasury stock issued	4.1	(27.4)			31.5
Other comprehensive income (loss), net of tax	(10.5)			(10.5)
Stock-based compensation transactions, net of tax	19.3	19.3
Ending balance at Sep. 30, 2024	741.8	572.8	2,057.3	(54.2)	(1,834.9)	0.8
Beginning balance at Jun. 30, 2024	668.3	573.8	2,019.3	(87.0)	(1,838.5)	0.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	44.9		44.9
Dividends declared	(6.8)	0.1	(6.9)
Treasury stock purchased	(0.2)				(0.2)
Treasury stock issued	0.9	(2.9)			3.8
Other comprehensive income (loss), net of tax	32.9			32.8		0.1
Stock-based compensation transactions, net of tax	1.8	1.8
Ending balance at Sep. 30, 2024	$ 741.8	$ 572.8	$ 2,057.3	$ (54.2)	$ (1,834.9)	$ 0.8

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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Reference 39: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 40: http://www.xbrl.org/2003/role/disclosureRef
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Reference 41: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Contingencies

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Contingencies

We are a party to various proceedings and matters involving employment, intellectual property, environmental, taxation, vehicle-related personal injury, 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 $1.5 and $1.4 at September 30, 2024 and December 31, 2023, respectively. There were no material adjustments to the accrual, including cash payments and expense, for the three and nine-month periods ending September 30, 2024 and September 30, 2023. 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.

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 September 30, 2024, aggregate reasonably possible (but not probable, and therefore, not accrued) losses in excess of the accruals noted above are estimated to be $14.0. 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 $14.0 referenced above), which could have a material negative impact on our financial condition, results of operations, and cash flows.

Other (income) expense, net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Restructuring charges	$ 4.8	$ 2.5	$ 16.5	$ 2.7
Currency (gain) loss	1.6	0.2	(1.0)	1.5
(Gain) loss from diversified investments associated with ESU Program	(3.2)	1.5	(7.0)	(3.1)
Reduction to contingent purchase price liability	0.0	(3.6)	(6.4)	(12.4)
Non-service pension income	(0.3)	(0.2)	(1.1)	(0.3)
Other (income) expense	(0.7)	1.0	(2.5)	2.4
Other (income) expense	$ 2.2	$ 1.4	$ (1.5)	$ (9.2)

Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

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

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


	Three Months Ended September 30,
	Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance, July 1, 2024	$	(83.4)	$	9.6	$	(13.2)	$	(87.0)
Other comprehensive income (loss)	33.0		.9		(.4)		33.5
Reclassifications, pretax	—		(.7)		.3		(.4)
Income tax effect	—		(.2)		—		(.2)
Attributable to noncontrolling interest	(.1)		—		—		(.1)
Balance, September 30, 2024	$	(50.5)	$	9.6	$	(13.3)	$	(54.2)

Balance, July 1, 2023	$	(60.5)	$	10.1	$	(18.1)	$	(68.5)
Other comprehensive income (loss)	(26.2)		(3.2)		.2		(29.2)
Reclassifications, pretax	—		.5		.2		.7
Income tax effect	—		.5		(.1)		.4
Attributable to noncontrolling interest	(.1)		—		—		(.1)
Balance, September 30, 2023	$	(86.8)	$	7.9	$	(17.8)	$	(96.7)


	Nine Months Ended September 30,
	Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2024	$	(42.6)	$	12.5	$	(13.6)	$	(43.7)
Other comprehensive income (loss)	(7.9)		(.6)		(.4)		(8.9)
Reclassifications, pretax	—		(2.6)		.8		(1.8)
Income tax effect	—		.3		(.1)		.2

Balance, September 30, 2024	$	(50.5)	$	9.6	$	(13.3)	$	(54.2)

Balance, January 1, 2023	$	(83.5)	$	8.4	$	(18.4)	$	(93.5)
Other comprehensive income (loss)	(3.3)		(2.4)		(.3)		(6.0)
Reclassifications, pretax	—		1.9		1.1		3.0
Income tax effect	—		—		(.2)		(.2)

Balance, September 30, 2023	$	(86.8)	$	7.9	$	(17.8)	$	(96.7)

Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

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


	Three Months Ended September 30,
	Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance, July 1, 2024	$	(83.4)	$	9.6	$	(13.2)	$	(87.0)
Other comprehensive income (loss)	33.0		.9		(.4)		33.5
Reclassifications, pretax	—		(.7)		.3		(.4)
Income tax effect	—		(.2)		—		(.2)
Attributable to noncontrolling interest	(.1)		—		—		(.1)
Balance, September 30, 2024	$	(50.5)	$	9.6	$	(13.3)	$	(54.2)

Balance, July 1, 2023	$	(60.5)	$	10.1	$	(18.1)	$	(68.5)
Other comprehensive income (loss)	(26.2)		(3.2)		.2		(29.2)
Reclassifications, pretax	—		.5		.2		.7
Income tax effect	—		.5		(.1)		.4
Attributable to noncontrolling interest	(.1)		—		—		(.1)
Balance, September 30, 2023	$	(86.8)	$	7.9	$	(17.8)	$	(96.7)


	Nine Months Ended September 30,
	Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2024	$	(42.6)	$	12.5	$	(13.6)	$	(43.7)
Other comprehensive income (loss)	(7.9)		(.6)		(.4)		(8.9)
Reclassifications, pretax	—		(2.6)		.8		(1.8)
Income tax effect	—		.3		(.1)		.2

Balance, September 30, 2024	$	(50.5)	$	9.6	$	(13.3)	$	(54.2)

Balance, January 1, 2023	$	(83.5)	$	8.4	$	(18.4)	$	(93.5)
Other comprehensive income (loss)	(3.3)		(2.4)		(.3)		(6.0)
Reclassifications, pretax	—		1.9		1.1		3.0
Income tax effect	—		—		(.2)		(.2)

Balance, September 30, 2023	$	(86.8)	$	7.9	$	(17.8)	$	(96.7)

Earnings (Loss) Per Share (EPS) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net earnings (loss)
Net earnings (loss)	$ 44.9	$ 52.9	$ (525.6)	$ 160.6
Earnings attributable to noncontrolling interest, net of tax	0.0	(0.1)	(0.1)	(0.1)
Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	$ 44.9	$ 52.8	$ (525.7)	$ 160.5
Weighted average number of shares (in millions)
Weighted average number of common shares used in basic EPS (in shares)	137.4	136.4	137.2	136.2
Dilutive effect of stock-based compensation (in shares)	0.6	0.4	0.0	0.3
Weighted average number of common shares and dilutive potential common shares used in diluted EPS (in shares)	138.0	136.8	137.2	136.5
Basic and diluted EPS
Basic EPS attributable to Leggett & Platt common shareholders (in usd per share)	$ 0.33	$ 0.39	$ (3.83)	$ 1.18
Diluted EPS attributable to Leggett & Platt common shareholders (in usd per share)	$ 0.33	$ 0.39	$ (3.83)	$ 1.18
Other information
Anti-dilutive shares excluded from diluted EPS computation (in shares)	0.5	0.5	0.5	0.5
Cash dividends declared per share (in usd per share)	$ 0.05	$ 0.46	$ 0.56	$ 1.36

Inventories

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Inventories

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


	September 30, 2024		December 31, 2023
Finished goods	$	326.4	$	361.3
Work in process	74.7		73.5
Raw materials and supplies	353.3		384.9

Inventories	$	754.4	$	819.7

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.

Credit Facility Amendment (Details) - Line of Credit	Mar. 30, 2024	Mar. 21, 2024
Debt Instrument [Line Items]
Leverage ratio of indebtedness	3.50
Debt Covenant 1
Debt Instrument [Line Items]
Ratio of Indebtedness to EBITDA	4.00	3.50
Debt Covenant 2
Debt Instrument [Line Items]
Ratio of Indebtedness to EBITDA	3.50

- 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

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+ Details

Accounts and Other Receivables (Tables)

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Summary of Components of Accounts and Other Receivables

Accounts and other receivables consisted of the following:


	September 30, 2024				December 31, 2023
	Current		Long-term		Current		Long-term
Total trade receivables	$	601.0	$	—	$	575.4	$	—
Allowance for doubtful accounts - trade receivables	(17.1)		—		(10.5)		—
Trade receivables, net	$	583.9	$	—	$	564.9	$	—


Taxes receivable, including income taxes	$	3.6	$	—	$	3.1	$	—
Value-added taxes (VAT) recoverable 1	39.6		6.1		56.6		—
Other receivables	11.0		4.7		12.7		1.2

Other receivables, net	$	54.2	$	10.8	$	72.4	$	1.2

1 This includes recoverable amounts from various countries, including Mexico, where we have experienced VAT refund delays from the Mexican government. We believe these are fully collectible, and our recent discussions with the government have resulted in an updated timeline for resolution. As a result, we have classified $6.1 as long-term as of September 30, 2024. The aggregate of current and long-term balances of Mexico VAT recoverable was $35.9 and $48.2 at September 30, 2024 and December 31, 2023, respectively.

Summary of Allowance for Doubtful Accounts

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


	Balance at December 31, 2023		Change in Provision		Less: Net Charge-offs/ (Recoveries) and Other		Balance at September 30, 2024




Total allowance for doubtful accounts on trade receivables	$	10.5	$	8.5	$	1.9	$	17.1

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

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Summary of Calculation of Basic and Diluted Earnings Per Share

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


	Nine Months Ended September 30,				Three Months Ended September 30,
	2024		2023		2024		2023
Net earnings (loss)
Net earnings (loss)	$	(525.6)	$	160.6	$	44.9	$	52.9
Earnings attributable to noncontrolling interest, net of tax	(.1)		(.1)		—		(.1)


Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	$	(525.7)	$	160.5	$	44.9	$	52.8

Weighted average number of shares (in millions)
Weighted average number of common shares used in basic EPS	137.2		136.2		137.4		136.4
Dilutive effect of stock-based compensation	—		.3		.6		.4
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	137.2		136.5		138.0		136.8

Basic and diluted EPS



Basic EPS attributable to Leggett & Platt common shareholders	$	(3.83)	$	1.18	$	.33	$	.39




Diluted EPS attributable to Leggett & Platt common shareholders	$	(3.83)	$	1.18	$	.33	$	.39

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

Cash dividends declared per share	$	.56	$	1.36	$	.05	$	.46

Segment Information

9 Months Ended

Sep. 30, 2024

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 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. We also supply steel rod and wire to trade customers that operate in a broad range of markets.

•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. Our Bedding Products and Furniture, Flooring & Textile Products segments have an executive vice president who has accountability to, and maintains regular contact with, our CEO, who is the chief operating decision maker (CODM). With the retirement of our Specialized Products segment executive vice president in April 2024, our CEO became acting segment manager on a temporary basis for this segment until a permanent replacement is named. 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 is shown in the following tables:


	Trade 1 Sales		Inter- Segment Sales		Total Sales		EBIT		Depreciation and Amortization
Three Months Ended September 30, 2024
Bedding Products 2	$	445.5	$	6.1	$	451.6	$	25.5	$	14.8
Specialized Products	299.9		1.5		301.4		24.8		11.0
Furniture, Flooring & Textile Products	356.3		2.1		358.4		27.4		5.4
Intersegment eliminations and other 3							—		5.2
	$	1,101.7	$	9.7	$	1,111.4	$	77.7	$	36.4
Three Months Ended September 30, 2023
Bedding Products	$	483.3	$	7.4	$	490.7	$	31.1	$	26.2
Specialized Products	319.4		.3		319.7		31.2		10.7
Furniture, Flooring & Textile Products	372.7		2.8		375.5		29.5		5.5
Intersegment eliminations and other 3							(.4)		2.6
	$	1,175.4	$	10.5	$	1,185.9	$	91.4	$	45.0


	Trade 1 Sales		Inter- Segment Sales		Total Sales		EBIT		Depreciation and Amortization
Nine Months Ended September 30, 2024
Bedding Products 2,4	$	1,331.5	$	19.0	$	1,350.5	$	(550.6)	$	43.7
Specialized Products 4	935.4		3.2		938.6		39.0		31.4
Furniture, Flooring & Textile Products 4	1,060.3		7.6		1,067.9		41.6		16.2
Intersegment eliminations and other 3							(3.6)		10.6
	$	3,327.2	$	29.8	$	3,357.0	$	(473.6)	$	101.9
Nine Months Ended September 30, 2023
Bedding Products	$	1,516.2	$	25.5	$	1,541.7	$	87.4	$	77.3
Specialized Products	961.3		1.2		962.5		93.0		31.7
Furniture, Flooring & Textile Products	1,132.7		9.3		1,142.0		96.7		17.0
Intersegment eliminations and other 3							(.7)		9.1
	$	3,610.2	$	36.0	$	3,646.2	$	276.4	$	135.1

1 See Note B for revenue by product family.

2 The lower amortization expense in the three and nine months ended September 30, 2024 is due to the fourth quarter 2023 long-lived asset impairment.

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.

4 EBIT for the nine months ended September 30, 2024 includes $675.3 of goodwill impairments as discussed in Note F.

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 the average of both working capital (all current assets and current liabilities) plus net property, plant and equipment.


Average Assets by Segment	September 30, 2024		December 31, 2023
Bedding Products	$	755.8	$	815.2
Specialized Products	399.4		398.6
Furniture, Flooring & Textile Products	354.4		390.3

Average current liabilities included in segment numbers above	688.3		736.1
Unallocated assets 1	1,608.6		2,403.2
Difference between average assets and period-end balance sheet	(26.4)		(108.9)
Total assets	$	3,780.1	$	4,634.5

1 Unallocated assets consist primarily of goodwill, other intangibles, cash, and deferred tax assets. The September 30, 2024 unallocated assets reflects the $675.3 goodwill impairment as discussed in Note F.

- 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

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+ Details

Restructuring and Related Activities - Summary of Restructuring-Related Costs by Segment (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Aug. 31, 2024	Sep. 30, 2024	Sep. 30, 2024
2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs		$ 12.3	$ 34.3
Bedding Products
Restructuring Cost and Reserve [Line Items]
Gains from the sale of real estate	$ 14.0
Net restructuring and restructuring-related \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs		11.7	31.1
Net restructuring and restructuring-related \| Bedding Products \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs		7.4	24.0
Net restructuring and restructuring-related \| Specialized Products \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs		3.8	5.1
Net restructuring and restructuring-related \| Furniture, Flooring & Textile Products \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs		$ 0.5	$ 2.0

- Definition

The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes.

+ References + Details

- 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

Contingencies (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Accrual	$ 1.5	$ 1.4
Reasonably possible losses in excess of accruals	$ 14.0

Fair Value (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Components of Fair Value Measurements 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 September 30, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	130.4	$	—	$	130.4
Derivative assets (Note N)	—		3.0		—		3.0
Diversified investments associated with the ESU Program	55.2		—		—		55.2
Total assets	$	55.2	$	133.4	$	—	$	188.6
Liabilities:
Derivative liabilities (Note N)	$	—	$	2.2	$	—	$	2.2
Liabilities associated with the ESU Program	56.8		—		—		56.8
Total liabilities	$	56.8	$	2.2	$	—	$	59.0


	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 (Note N)	—		6.2		—		6.2
Diversified investments associated with the ESU Program	50.4		—		—		50.4
Total assets	$	50.4	$	153.7	$	—	$	204.1
Liabilities:
Derivative liabilities (Note N)	$	—	$	3.5	$	—	$	3.5
Liabilities associated with the ESU Program	52.4		—		—		52.4
Total liabilities	$	52.4	$	3.5	$	—	$	55.9

Restructuring and Related Activities - Summary of Incurred Costs (Details) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($) facility	Dec. 31, 2023 USD ($)	Dec. 31, 2024 USD ($)
Restructuring Cost and Reserve [Line Items]
Amount of total that represents net cash charges			$ 2.7
2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs	$ 12.3	$ 34.3
Amount of total that represents net cash charges	11.0	$ 26.6
Bedding Products \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Number of facilities \| facility		50
Aerospace business \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs	1.0
Net restructuring and restructuring-related \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs	11.7	$ 31.1
Net restructuring and restructuring-related \| Bedding Products \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs	7.4	24.0
Impairment costs associated with this plan (See Note F) \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs	0.6	3.2
Minimum \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	65.0	65.0
Expected cash charges	30.0	$ 30.0
Minimum \| Forecast \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs				$ 40.0
Minimum \| Bedding Products \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Number of facilities consolidated \| facility		15
Minimum \| Net restructuring and restructuring-related \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	40.0	$ 40.0
Minimum \| Impairment costs associated with this plan (See Note F) \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	25.0	25.0
Maximum \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	85.0	85.0
Expected cash charges	40.0	$ 40.0
Maximum \| Forecast \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs				$ 50.0
Maximum \| Bedding Products \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Number of facilities consolidated \| facility		20
Maximum \| Net restructuring and restructuring-related \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	55.0	$ 55.0
Maximum \| Impairment costs associated with this plan (See Note F) \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	$ 30.0	$ 30.0

Restructuring and Related Activities (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Summary Of Restructuring-Related Costs

The following table presents all restructuring and restructuring-related activity and impairments associated with the Plan and $1.0 of restructuring-related costs incurred in the third quarter of 2024 due to exploring a potential sale of our Aerospace business. This business has not reached the criteria to be classified as held for sale.


	Total Amount Expected to be Incurred	Nine Months Ended September 30, 2024		Three Months Ended September 30, 2024

Net restructuring and restructuring-related	$40.0 to $55.0	$	31.1	$	11.7
Impairment costs associated with this plan (See Note F)	25.0 to 30.0	3.2		.6
	$65.0 to $85.0	$	34.3	$	12.3

Amount of total that represents net cash charges	$30.0 to $40.0	$	26.6	$	11.0

The table below presents all 2024 restructuring and restructuring-related activity. Restructuring and restructuring-related activity for 2023 was $2.7 and was not associated with any formal plan.


	Income Statement Presentation	Nine Months Ended September 30, 2024		Three Months Ended September 30, 2024
Restructuring costs:
Termination benefits, relocation, and other restructuring costs	Other (income) expense, net	$	16.5		$	4.8
Restructuring-related costs (gains):

Inventory obsolescence and other	Cost of goods sold	4.5			.7

Professional services and other	Selling and administrative expenses	11.7			6.3


Gain on sale of equipment	Net gain on disposal of assets	(1.6)			(.1)
Total restructuring-related costs		14.6			6.9
Total net restructuring and restructuring-related costs		$	31.1		$	11.7
Amount of total that represents net cash charges		$	26.6		$	11.0

Net restructuring and restructuring-related costs by segment were as follows:


	Nine Months Ended September 30, 2024		Three Months Ended September 30, 2024
Bedding Products	$	24.0		$	7.4
Specialized Products	5.1			3.8
Furniture, Flooring & Textile Products	2.0			.5
Total net restructuring and restructuring-related costs	$	31.1		$	11.7

The accrued liability associated with the Plan consisted of the following:


	Balance at December 31, 2023		Add: 2024 Charges		Less: 2024 Payments		Balance at September 30, 2024
Termination benefits	$	—	$	6.1	$	4.5	$	1.6

Relocation and other restructuring costs	—		10.4		10.3		.1
Total	$	—	$	16.5	$	14.8	$	1.7

Impairment Charges

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Impairment Charges

Pretax impairment charges are reported in “Impairments” in the Consolidated Statements of Operations and are summarized in the table below. There were no impairment charges in the three and nine months ended September 30, 2023.


	Nine Months Ended September 30, 2024						Three Months Ended September 30, 2024
	Goodwill Impairment		Other Long-Lived Assets Impairments		Total Impairments			Goodwill Impairment		Other Long-Lived Assets Impairments		Total Impairments
Bedding Products	$	587.2	$	3.2	$	590.4		$	—	$	.6	$	.6
Specialized Products	43.6		—		43.6			—		—		—
Furniture, Flooring & Textile Products	44.5		—		44.5			—		—		—

Total impairment charges	$	675.3	$	3.2	$	678.5		$	—	$	.6	$	.6

Goodwill Impairment Testing

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 2023 goodwill impairment testing indicated no impairments.

The 2024 annual goodwill impairment testing performed in the second quarter resulted in a $675.3 non-cash goodwill impairment charge related to the reporting units noted below. There were no triggering events or impairments indicated in the three months ending September 30, 2024.


Reporting Unit	Segment	Nine Months Ended September 30, 2024
Bedding	Bedding Products	$	587.2
Work Furniture	Furniture, Flooring & Textile Products	44.5
Hydraulic Cylinders	Specialized Products	43.6
		$	675.3

In general, the fair values for our reporting units decreased versus prior year due to macroeconomic pressures, including low demand, particularly in residential end markets. The fair values of our reporting units were reconciled to our consolidated market capitalization, which decreased due to the significant decline in stock price during the second quarter of 2024. Our closing stock price per share was $26.17 on December 29, 2023, $19.15 on March 28, 2024, and $11.46 on June 28, 2024. The impairment was concluded in connection with the preparation of the second quarter financial statements. If actual results differ materially from estimates used in our calculations, we could incur future impairment charges.

The fair values of our reporting units in relation to their respective carrying values and significant assumptions used are presented in the tables below. The 2024 information excludes Hydraulic Cylinders, as this unit had no goodwill remaining after the second quarter 2024 impairment.


2024
Fair Value over Carrying Value divided by Carrying Value	September 30, 2024 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	$	442.9	(1)% - 12%	3	%	14% - 17%

101% - 300%	371.8		3 - 7	3		14

	$	814.7	(1)% - 12%	3	%	14% - 17%


2023
Fair Value over Carrying Value divided by Carrying Value	December 31, 2023 Goodwill Value		CAGR Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50% 1	$	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%

1 This category includes Bedding, Aerospace, and Work Furniture for 2024 and Bedding, Aerospace, and Hydraulic Cylinders for 2023.

• The fair value of our Bedding reporting unit was less than its carrying value at our second quarter 2024 testing date, resulting in a partial goodwill impairment as discussed above. Fair value exceeded carrying value by 40% at our second quarter 2023 testing date. There was a triggering event in the fourth quarter of 2023 for this reporting unit due to certain customers' efforts to improve their financial position by moving their business to or exploring alternate suppliers. Accordingly, we performed a goodwill impairment test at that time, which indicated no goodwill impairment, but fair value in excess of carrying value had decreased to 19%. Goodwill associated with this reporting unit was $319.8 at September 30, 2024 and $906.5 at December 31, 2023.

• The fair value of our Aerospace reporting unit exceeded its carrying value by 21% at our second quarter 2024 testing date as compared to 44% in 2023. Goodwill associated with this reporting unit was $67.7 at September 30, 2024 and $67.0 at December 31, 2023.

• The fair value of our Work Furniture reporting unit was less than its carrying value at our second quarter 2024 testing date, resulting in a partial goodwill impairment, as discussed above. Fair value exceeded carrying value by 74% at our second quarter 2023 testing date. Goodwill associated with this reporting unit was $55.4 at September 30, 2024 and $99.6 at December 31, 2023.

• The fair value of our Hydraulic Cylinders reporting unit was less than its carrying value at our second quarter 2024 testing date, resulting in a full goodwill impairment, as discussed above. Fair value exceeded carrying value by 18% at our second quarter 2023 testing date. Goodwill associated with this reporting unit was $44.6 at December 31, 2023.

Other long-lived assets

We review material intangibles mid-year and 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.

All long-lived asset impairment charges for the three and nine months ended September 30, 2024 were related to the Restructuring Plan. For details, please see Note E.

Inventories (Tables)

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Summary of Inventory

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


	September 30, 2024		December 31, 2023
Finished goods	$	326.4	$	361.3
Work in process	74.7		73.5
Raw materials and supplies	353.3		384.9

Inventories	$	754.4	$	819.7

Impairment Charges - Summary of Changes In The Carrying Amounts Of Goodwill (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 814.7	$ 1,489.8
Terminal Values Long-term Growth Rate for Debt-Free Cash Flow	3.00%	3.00%
Bedding
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 319.8	$ 906.5
Percentage of fair value in excess of carrying amount (as a percent)		19.00%		40.00%
Aerospace Products
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	67.7	$ 67.0
Percentage of fair value in excess of carrying amount (as a percent)			21.00%	44.00%
Work Furniture
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 55.4	99.6
Percentage of fair value in excess of carrying amount (as a percent)				74.00%
Hydraulic Cylinders
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value		$ 44.6
Percentage of fair value in excess of carrying amount (as a percent)				18.00%
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 (as a percent)	14.00%	8.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Compound annual growth rate range for sales	12.00%	17.00%
Discount rate ranges (as a percent)	17.00%	12.00%
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%
Goodwill value	$ 442.9	$ 1,018.1
Terminal Values Long-term Growth Rate for Debt-Free Cash Flow	3.00%	3.00%
Less than 50% \| 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 (as a percent)	14.00%	10.00%
Less than 50% \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Compound annual growth rate range for sales	12.00%	17.00%
Discount rate ranges (as a percent)	17.00%	12.00%
50% - 100%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value		$ 99.6
Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		3.00%
Discount rate ranges (as a percent)		8.00%
50% - 100% \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value over Carrying Value divided by Carrying Value		50.00%
Compound annual growth rate range for sales
50% - 100% \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value over Carrying Value divided by Carrying Value		100.00%
Compound annual growth rate range for sales		1.00%
101% - 300%
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill value	$ 371.8	$ 372.1
Terminal Values Long-term Growth Rate for Debt-Free Cash Flow	3.00%	3.00%
101% - 300% \| Minimum
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%	3.00%
Discount rate ranges (as a percent)		8.00%
101% - 300% \| Maximum
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	7.00%	6.00%
Discount rate ranges (as a percent)	14.00%	10.00%

Derivative Financial Instruments - Summary of Derivative Financial Instruments at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets
Other Current Assets	$ 2.8	$ 5.7
Sundry	0.2	0.5
Liabilities
Other Current Liabilities	1.9	3.3
Other Long-Term Liabilities	0.3	0.2
Designated as hedging instruments \| Cash flow hedges
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	272.3	298.2
Assets
Other Current Assets	2.3	5.3
Sundry	0.2	0.5
Liabilities
Other Current Liabilities	1.9	2.4
Other Long-Term Liabilities	0.3	0.2
Designated as hedging instruments \| Fair value hedges
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	8.6	21.7
Assets
Other Current Assets	0.1	0.3
Sundry	0.0	0.0
Liabilities
Other Current Liabilities	0.0	0.0
Other Long-Term Liabilities	0.0	0.0
Not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	188.3	87.9
Assets
Other Current Assets	0.4	0.1
Sundry	0.0	0.0
Liabilities
Other Current Liabilities	0.0	0.9
Other Long-Term Liabilities	$ 0.0	$ 0.0

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	$ 44.9	$ 52.8	$ (525.7)	$ 160.5

- 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
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+ Details

Consolidated Condensed Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net trade sales	$ 1,101.7	$ 1,175.4	$ 3,327.2	$ 3,610.2
Cost of goods sold	901.1	961.1	2,753.7	2,956.2
Gross profit	200.6	214.3	573.5	654.0
Selling and administrative expenses	127.0	109.1	384.4	344.3
Amortization of intangibles	7.2	17.9	16.8	51.6
Impairments	0.6	0.0	678.5	0.0
Net gain on disposal of assets	(14.1)	(5.5)	(31.1)	(9.1)
Other (income) expense, net	2.2	1.4	(1.5)	(9.2)
Earnings (loss) before interest and income taxes	77.7	91.4	(473.6)	276.4
Interest expense	21.0	22.0	65.0	67.2
Interest income	1.0	1.5	4.4	3.7
Earnings (loss) before income taxes	57.7	70.9	(534.2)	212.9
Income taxes	12.8	18.0	(8.6)	52.3
Net earnings (loss)	44.9	52.9	(525.6)	160.6
(Earnings) attributable to noncontrolling interest, net of tax	0.0	(0.1)	(0.1)	(0.1)
Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	$ 44.9	$ 52.8	$ (525.7)	$ 160.5
Net earnings (loss) per share attributable to Leggett & Platt, Inc. common shareholders
Basic (in usd per share)	$ 0.33	$ 0.39	$ (3.83)	$ 1.18
Diluted (in usd per share)	$ 0.33	$ 0.39	$ (3.83)	$ 1.18
Weighted average shares outstanding
Basic (in shares)	137.4	136.4	137.2	136.2
Diluted (in shares)	138.0	136.8	137.2	136.5

Accounts and Other Receivables - Summary of Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 10.5
Change in Provision	8.5	$ (6.0)
Less: Net Charge-offs/ (Recoveries) and Other	1.9
Balance at end of period	$ 17.1

Consolidated Condensed Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net earnings (loss)	$ 44.9	$ 52.9	$ (525.6)	$ 160.6
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	33.0	(26.2)	(7.9)	(3.3)
Cash flow hedges	0.0	(2.2)	(2.9)	(0.5)
Defined benefit pension plans	(0.1)	0.3	0.3	0.6
Other comprehensive income (loss), net of tax	32.9	(28.1)	(10.5)	(3.2)
Comprehensive income (loss)	77.8	24.8	(536.1)	157.4
Add: comprehensive income attributable to noncontrolling interest	(0.1)	(0.2)	(0.1)	(0.1)
Comprehensive income (loss) attributable to Leggett & Platt, Inc.	$ 77.7	$ 24.6	$ (536.2)	$ 157.3

Impairment Charges - Goodwill Reporting Unit Impairment (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Goodwill [Line Items]
Goodwill impairment	$ 0.0	$ 675.3	$ 0.0
Bedding Products
Goodwill [Line Items]
Goodwill impairment	0.0	587.2
Bedding Products \| Bedding
Goodwill [Line Items]
Goodwill impairment		587.2
Furniture, Flooring & Textile Products
Goodwill [Line Items]
Goodwill impairment	0.0	44.5
Furniture, Flooring & Textile Products \| Work Furniture
Goodwill [Line Items]
Goodwill impairment		44.5
Specialized Products
Goodwill [Line Items]
Goodwill impairment	$ 0.0	43.6
Specialized Products \| Hydraulic Cylinders
Goodwill [Line Items]
Goodwill impairment		$ 43.6

- 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

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 1
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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-Topic 350
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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-Subparagraph (e)
-Publisher FASB
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-Topic 350
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-Topic 350
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

+ Details

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Components of Stock-Based and Stock-Related Compensation

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


	Nine Months Ended September 30, 2024				Nine Months Ended September 30, 2023
	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 matching contributions	$	2.6	$	.5	$	1.9	$	.5
Discounts on various stock awards	2.3		—		2.5		—



Performance Stock Unit awards	—		(.5)		2.2		.5


Restricted Stock Unit awards	10.0		—		7.0		—
Other, primarily non-employee directors restricted stock	1.4		—		1.3		—
Total stock-based compensation expense (income)	16.3		$	—	14.9		$	1.0
Employee contributions for above stock plans	5.9				6.8
Total stock-based compensation	$	22.2			$	21.7

Tax benefits on stock-based compensation expense	$	4.0			$	3.6
Tax (expense)/benefits on stock-based compensation payments	(1.1)				.3
Total tax benefits associated with stock-based compensation	$	2.9			$	3.9


	Three Months Ended				Three Months Ended
	September 30, 2024				September 30, 2023
	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 matching contributions	$	1.0	$	.2	$	.1	$	.2
Discounts on various stock awards	.5		—		.7		—



Performance Stock Unit awards	(.2)		.2		.3		(.3)



Restricted Stock Unit awards	.8		—		.9		—

Other, primarily non-employee directors restricted stock	.3		—		.4		—
Total stock-based compensation expense (income)	2.4		$	.4	2.4		$	(.1)
Employee contributions for above stock plans	2.0				2.8
Total stock-based compensation	$	4.4			$	5.2

Tax benefits on stock-based compensation expense	$	.6			$	.6
Tax (expense)/benefits on stock-based compensation	.1				—
Total tax benefits associated with stock-based compensation	$	.7			$	.6

Interim Presentation (Details) - USD ($) $ in Millions	9 Months Ended
Interim Presentation (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable trade percentage of face value interest sold (as a percent)	100.00%
Disposal group, including discontinued operation, accounts, notes and loans receivable, net	$ 45.0	$ 60.0
Accounts payable third party programs	$ 100.0	$ 105.0

Accounts and Other Receivables - Summary of Components of Accounts and Other Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current
Trade receivables, net	$ 583.9	$ 564.9
Taxes receivable, including income taxes	3.6	3.1
Value-added taxes (VAT) recoverable	39.6	56.6
Other receivables	11.0	12.7
Other receivables, net	54.2	72.4
Long-term
Taxes receivable, including income taxes	0.0	0.0
Value-added taxes (VAT) recoverable	6.1	0.0
Other receivables	4.7	1.2
Other receivables, net	10.8	1.2
Trade accounts receivable
Current
Total trade receivables	601.0	575.4
Allowance for doubtful accounts - trade receivables	(17.1)	(10.5)
Trade receivables, net	583.9	564.9
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
Long-term
Value-added taxes (VAT) recoverable	6.1
Value-added taxes recoverable	$ 35.9	$ 48.2

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2024	Nov. 01, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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	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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Small Business Entity	false
Emerging Growth Entity	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		134,294,816
Entity Central Index Key	0000058492
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Derivative Financial Instruments

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

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 September 30, 2024
Derivatives				Assets				Liabilities
				Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Designated as hedging instruments

Total cash flow hedges-currency hedges	Mar 2026	$	272.3	$	2.3	$	.2	$	1.9	$	.3
Total fair value hedges	Dec 2024	8.6		.1		—		—		—
Not designated as hedging instruments	Sep 2025	188.3		.4		—		—		—
Total derivatives				$	2.8	$	.2	$	1.9	$	.3


	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

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


Derivatives	Income Statement Caption	Amount of (Gain) Loss Recorded in Income Nine Months Ended September 30,				Amount of (Gain) Loss Recorded in Income Three Months Ended September 30,
		2024		2023		2024		2023
Designated as hedging instruments

Interest rate cash flow hedges	Interest expense	$	(.3)	$	.3	$	(.1)	$	.5
Currency cash flow hedges	Net trade sales	1.0		2.7		.3		1.1
Currency cash flow hedges	Cost of goods sold	(1.4)		(2.0)		(.3)		(.7)

Total cash flow hedges		(.7)		1.0		(.1)		.9
Fair value hedges	Other (income) expense, net	.2		1.4		(.3)		.8

Not designated as hedging instruments	Other (income) expense, net	.4		1.1		2.3		(2.4)

Total derivative instruments		$	(.1)	$	3.5	$	1.9	$	(.7)

Stock-Based Compensation

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

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


	Nine Months Ended September 30, 2024				Nine Months Ended September 30, 2023
	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 matching contributions	$	2.6	$	.5	$	1.9	$	.5
Discounts on various stock awards	2.3		—		2.5		—



Performance Stock Unit awards	—		(.5)		2.2		.5


Restricted Stock Unit awards	10.0		—		7.0		—
Other, primarily non-employee directors restricted stock	1.4		—		1.3		—
Total stock-based compensation expense (income)	16.3		$	—	14.9		$	1.0
Employee contributions for above stock plans	5.9				6.8
Total stock-based compensation	$	22.2			$	21.7

Tax benefits on stock-based compensation expense	$	4.0			$	3.6
Tax (expense)/benefits on stock-based compensation payments	(1.1)				.3
Total tax benefits associated with stock-based compensation	$	2.9			$	3.9


	Three Months Ended				Three Months Ended
	September 30, 2024				September 30, 2023
	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 matching contributions	$	1.0	$	.2	$	.1	$	.2
Discounts on various stock awards	.5		—		.7		—



Performance Stock Unit awards	(.2)		.2		.3		(.3)



Restricted Stock Unit awards	.8		—		.9		—

Other, primarily non-employee directors restricted stock	.3		—		.4		—
Total stock-based compensation expense (income)	2.4		$	.4	2.4		$	(.1)
Employee contributions for above stock plans	2.0				2.8
Total stock-based compensation	$	4.4			$	5.2

Tax benefits on stock-based compensation expense	$	.6			$	.6
Tax (expense)/benefits on stock-based compensation	.1				—
Total tax benefits associated with stock-based compensation	$	.7			$	.6

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 668.3	$ 1,668.6	$ 1,334.0	$ 1,641.4
Other comprehensive income (loss)	33.5	(29.2)	(8.9)	(6.0)
Reclassifications, pretax	(0.4)	0.7	(1.8)	3.0
Income tax effect	(0.2)	0.4	0.2	(0.2)
Attributable to noncontrolling interest	(0.1)	(0.1)
Ending balance	741.8	1,635.9	741.8	1,635.9
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(87.0)	(68.5)	(43.7)	(93.5)
Ending balance	(54.2)	(96.7)	(54.2)	(96.7)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(83.4)	(60.5)	(42.6)	(83.5)
Other comprehensive income (loss)	33.0	(26.2)	(7.9)	(3.3)
Reclassifications, pretax	0.0	0.0	0.0	0.0
Income tax effect	0.0	0.0	0.0	0.0
Attributable to noncontrolling interest	(0.1)	(0.1)
Ending balance	(50.5)	(86.8)	(50.5)	(86.8)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	9.6	10.1	12.5	8.4
Other comprehensive income (loss)	0.9	(3.2)	(0.6)	(2.4)
Reclassifications, pretax	(0.7)	0.5	(2.6)	1.9
Income tax effect	(0.2)	0.5	0.3	0.0
Attributable to noncontrolling interest	0.0	0.0
Ending balance	9.6	7.9	9.6	7.9
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(13.2)	(18.1)	(13.6)	(18.4)
Other comprehensive income (loss)	(0.4)	0.2	(0.4)	(0.3)
Reclassifications, pretax	0.3	0.2	0.8	1.1
Income tax effect	0.0	(0.1)	(0.1)	(0.2)
Attributable to noncontrolling interest	0.0	0.0
Ending balance	$ (13.3)	$ (17.8)	$ (13.3)	$ (17.8)

Interim Presentation	9 Months Ended
Interim Presentation	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interim Presentation	Interim Presentation The interim financial statements of Leggett & Platt, Incorporated (we, us, or our) included herein have not been audited by an independent registered public accounting firm. The statements include all adjustments, including normal recurring accruals, which management considers necessary for a fair statement of our financial position and operating results for the periods presented. We have prepared the statements pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted pursuant to such rules and regulations. The operating results for interim periods are not necessarily indicative of results to be expected for an entire year. The December 31, 2023 financial position data included herein was derived from the audited consolidated financial statements, but does not include all disclosures required by GAAP. Accounts Receivable and Accounts Payable Programs 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 Condensed Balance Sheets and the related proceeds are reported as cash provided by operating activities in the Consolidated Condensed Statements of Cash Flows. We had approximately $45.0 and $60.0 of trade receivables that were sold and removed from our balance sheets at September 30, 2024 and December 31, 2023, respectively. We sometimes utilize third-party programs that allow our suppliers to be paid earlier at a discount or for a fee. 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 associated with the third-party programs, which remain on our Consolidated Condensed Balance Sheets, were approximately $100.0 at September 30, 2024 and $105.0 at December 31, 2023, respectively. The above items encompass multiple individual programs that are utilized as tools in our cash flow management, and we offer them as options to facilitate customer and vendor 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. 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: Not yet adopted •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. •ASU 2024-03 "Income Statement (Subtopic 220-40)—Reporting Comprehensive Income—Expense Disaggregation Disclosures": This ASU requires disaggregated disclosures for specific categories such as inventory purchases, employee compensation, depreciation, and amortization, as well as other qualitative descriptions. This guidance will be effective for annual periods beginning January 1, 2027, and interim periods beginning January 1, 2028. We are currently evaluating the impact of adopting this guidance. The FASB has issued accounting guidance, in addition to the issuances 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.

Impairment Charges - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 28, 2024	Mar. 28, 2024	Dec. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Long-lived asset impairment	$ 0.6	$ 0.0	$ 678.5	$ 0.0
Goodwill impairment	$ 0.0		$ 675.3	$ 0.0
Share price (in dollars per share)					$ 11.46	$ 19.15	$ 26.17

Fair Value - Summary of Components of Fair Value Measurements of Financial Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
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 current liabilities	Liabilities, Noncurrent, Other current liabilities
Fair Value, Measurements, Recurring
Cash equivalents:
Derivative assets	$ 3.0	$ 6.2
Total assets	188.6	204.1
Liabilities:
Derivative liabilities	2.2	3.5
Total liabilities	59.0	55.9
Fair Value, Measurements, Recurring \| Diversified investments associated with the ESU program
Cash equivalents:
Diversified investments associated with the ESU Program	55.2	50.4
Fair Value, Measurements, Recurring \| Liabilities associated with the ESUP
Liabilities:
Liabilities associated with the ESU Program	56.8	52.4
Fair Value, Measurements, Recurring \| Bank time deposits with original maturities of three months or less
Cash equivalents:
Bank time deposits with original maturities of three months or less	130.4	147.5
Fair Value, Measurements, Recurring \| Level 1
Cash equivalents:
Derivative assets	0.0	0.0
Total assets	55.2	50.4
Liabilities:
Derivative liabilities	0.0	0.0
Total liabilities	56.8	52.4
Fair Value, Measurements, Recurring \| Level 1 \| Diversified investments associated with the ESU program
Cash equivalents:
Diversified investments associated with the ESU Program	55.2	50.4
Fair Value, Measurements, Recurring \| Level 1 \| Liabilities associated with the ESUP
Liabilities:
Liabilities associated with the ESU Program	56.8	52.4
Fair Value, Measurements, Recurring \| Level 1 \| Bank time deposits with original maturities of three months or less
Cash equivalents:
Bank time deposits with original maturities of three months or less	0.0	0.0
Fair Value, Measurements, Recurring \| Level 2
Cash equivalents:
Derivative assets	3.0	6.2
Total assets	133.4	153.7
Liabilities:
Derivative liabilities	2.2	3.5
Total liabilities	2.2	3.5
Fair Value, Measurements, Recurring \| Level 2 \| Diversified investments associated with the ESU program
Cash equivalents:
Diversified investments associated with the ESU Program	0.0	0.0
Fair Value, Measurements, Recurring \| Level 2 \| Liabilities associated with the ESUP
Liabilities:
Liabilities associated with the ESU Program	0.0	0.0
Fair Value, Measurements, Recurring \| Level 2 \| Bank time deposits with original maturities of three months or less
Cash equivalents:
Bank time deposits with original maturities of three months or less	130.4	147.5
Fair Value, Measurements, 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
Fair Value, Measurements, Recurring \| Level 3 \| Diversified investments associated with the ESU program
Cash equivalents:
Diversified investments associated with the ESU Program	0.0	0.0
Fair Value, Measurements, Recurring \| Level 3 \| Liabilities associated with the ESUP
Liabilities:
Liabilities associated with the ESU Program	0.0	0.0
Fair Value, Measurements, Recurring \| Level 3 \| Bank time deposits with original maturities of three months or less
Cash equivalents:
Bank time deposits with original maturities of three months or less	$ 0.0	$ 0.0

Restructuring and Related Activities- Summary of Accrued Liability (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Termination benefits, relocation, and other restructuring costs	$ 4.8	$ 2.5	$ 16.5	$ 2.7
2024 Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance at beginning of period			0.0
Termination benefits, relocation, and other restructuring costs	4.8		16.5
Amount of total that represents net cash charges			14.8
Balance at end of period	1.7		1.7
Termination benefits \| 2024 Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance at beginning of period			0.0
Termination benefits, relocation, and other restructuring costs			6.1
Amount of total that represents net cash charges			4.5
Balance at end of period	1.6		1.6
Relocation and other restructuring costs \| 2024 Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance at beginning of period			0.0
Termination benefits, relocation, and other restructuring costs			10.4
Amount of total that represents net cash charges			10.3
Balance at end of period	$ 0.1		$ 0.1

Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments at Fair Value


	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of September 30, 2024
Derivatives				Assets				Liabilities
				Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Designated as hedging instruments

Total cash flow hedges-currency hedges	Mar 2026	$	272.3	$	2.3	$	.2	$	1.9	$	.3
Total fair value hedges	Dec 2024	8.6		.1		—		—		—
Not designated as hedging instruments	Sep 2025	188.3		.4		—		—		—
Total derivatives				$	2.8	$	.2	$	1.9	$	.3


	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

Summary of Pre-Tax (Gains) Losses of Hedging Activities


Derivatives	Income Statement Caption	Amount of (Gain) Loss Recorded in Income Nine Months Ended September 30,				Amount of (Gain) Loss Recorded in Income Three Months Ended September 30,
		2024		2023		2024		2023
Designated as hedging instruments

Interest rate cash flow hedges	Interest expense	$	(.3)	$	.3	$	(.1)	$	.5
Currency cash flow hedges	Net trade sales	1.0		2.7		.3		1.1
Currency cash flow hedges	Cost of goods sold	(1.4)		(2.0)		(.3)		(.7)

Total cash flow hedges		(.7)		1.0		(.1)		.9
Fair value hedges	Other (income) expense, net	.2		1.4		(.3)		.8

Not designated as hedging instruments	Other (income) expense, net	.4		1.1		2.3		(2.4)

Total derivative instruments		$	(.1)	$	3.5	$	1.9	$	(.7)

Other (income) expense, net (Tables)

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

Schedule of Components of Other (income) expense, net

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


	Nine Months Ended September 30,				Three Months Ended September 30,
	2024		2023		2024		2023


Restructuring charges	$	16.5	$	2.7	$	4.8	$	2.5

Currency (gain) loss	(1.0)		1.5		1.6		.2

(Gain) loss from diversified investments associated with ESU Program	(7.0)		(3.1)		(3.2)		1.5
Reduction to contingent purchase price liability	(6.4)		(12.4)		—		(3.6)


Non-service pension income	(1.1)		(.3)		(.3)		(.2)
Other (income) expense	(2.5)		2.4		(.7)		1.0
	$	(1.5)	$	(9.2)	$	2.2	$	1.4

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 277.2	$ 365.5
Trade receivables, net	583.9	564.9
Other receivables, net	54.2	72.4
Inventories	754.4	819.7
Prepaid expenses and other current assets	64.8	58.9
Total current assets	1,734.5	1,881.4
Property, Plant and Equipment—at cost
Machinery and equipment	1,485.0	1,488.3
Buildings and other	807.9	820.3
Land	39.6	42.8
Total property, plant and equipment	2,332.5	2,351.4
Less accumulated depreciation	1,583.6	1,570.2
Net property, plant and equipment	748.9	781.2
Other Assets
Goodwill	814.7	1,489.8
Other intangibles, net	151.4	167.5
Operating lease right-of-use assets	188.2	193.2
Sundry	142.4	121.4
Total other assets	1,296.7	1,971.9
TOTAL ASSETS	3,780.1	4,634.5
Current Liabilities
Short-term debt and current maturities of long-term debt	301.1	308.0
Current portion of operating lease liabilities	53.7	57.3
Accounts payable	516.0	536.2
Accrued expenses	249.3	256.8
Other current liabilities	51.6	104.3
Total current liabilities	1,171.7	1,262.6
Long-term Liabilities
Long-term debt	1,578.2	1,679.6
Operating lease liabilities	143.3	150.5
Other long-term liabilities	90.1	106.6
Deferred income taxes	55.0	101.2
Total long-term liabilities	1,866.6	2,037.9
Commitments and Contingencies
Equity
Common stock	2.0	2.0
Additional contributed capital	570.8	575.8
Retained earnings	2,057.3	2,661.1
Accumulated other comprehensive loss	(54.2)	(43.7)
Treasury stock	(1,834.9)	(1,861.9)
Total Leggett & Platt, Inc. equity	741.0	1,333.3
Noncontrolling interest	0.8	0.7
Total equity	741.8	1,334.0
TOTAL LIABILITIES AND EQUITY	$ 3,780.1	$ 4,634.5

Restructuring and Related Activities - Summary Of Restructuring-Related Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Termination benefits, relocation, and other restructuring costs	$ 4.8	$ 2.5	$ 16.5	$ 2.7
Amount of total that represents net cash charges					$ 2.7
Restructuring charges, statement of income or comprehensive income [extensible enumeration]			Other Operating Income (Expense), Net
2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Termination benefits, relocation, and other restructuring costs	4.8		$ 16.5
Total restructuring-related costs	12.3		34.3
Amount of total that represents net cash charges	11.0		26.6
Total Restructuring Related Costs \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs	6.9		14.6
Net restructuring and restructuring-related \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs	11.7		31.1
Cost of goods sold \| Inventory obsolescence and other \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs	0.7		4.5
Selling and administrative expenses \| Professional services and other \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs	6.3		11.7
Net gain on disposal of assets \| Gain on sale of equipment \| 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total restructuring-related costs	$ (0.1)		$ (1.6)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Revenue (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Net trade sales	$ 1,101.7	$ 1,175.4	$ 3,327.2	$ 3,610.2
Bedding Products
Disaggregation of Revenue [Line Items]
Net trade sales	445.5	483.3	1,331.5	1,516.2
Bedding Products \| Bedding Group
Disaggregation of Revenue [Line Items]
Net trade sales	445.5	483.3	1,331.5	1,516.2
Specialized Products
Disaggregation of Revenue [Line Items]
Net trade sales	299.9	319.4	935.4	961.3
Specialized Products \| Automotive Group
Disaggregation of Revenue [Line Items]
Net trade sales	204.6	223.7	629.5	657.5
Specialized Products \| Aerospace Products Group
Disaggregation of Revenue [Line Items]
Net trade sales	44.9	37.9	138.0	113.9
Specialized Products \| Hydraulic Cylinders
Disaggregation of Revenue [Line Items]
Net trade sales	50.4	57.8	167.9	189.9
Furniture, Flooring & Textile Products
Disaggregation of Revenue [Line Items]
Net trade sales	356.3	372.7	1,060.3	1,132.7
Furniture, Flooring & Textile Products \| Home Furniture Group
Disaggregation of Revenue [Line Items]
Net trade sales	65.6	72.4	207.5	226.8
Furniture, Flooring & Textile Products \| Work Furniture Group
Disaggregation of Revenue [Line Items]
Net trade sales	67.9	65.2	207.2	205.0
Furniture, Flooring & Textile Products \| Flooring & Textile Products Group
Disaggregation of Revenue [Line Items]
Net trade sales	$ 222.8	$ 235.1	$ 645.6	$ 700.9

Impairment Charges - Schedule of Impairment Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule Of Asset Impairment Charges [Line Items]
Goodwill Impairment	$ 0.0		$ 675.3	$ 0.0
Other Long-Lived Assets Impairments	0.6		3.2
Total Impairments	0.6	$ 0.0	678.5	$ 0.0
Bedding Products
Schedule Of Asset Impairment Charges [Line Items]
Goodwill Impairment	0.0		587.2
Other Long-Lived Assets Impairments	0.6		3.2
Total Impairments	0.6		590.4
Specialized Products
Schedule Of Asset Impairment Charges [Line Items]
Goodwill Impairment	0.0		43.6
Other Long-Lived Assets Impairments	0.0		0.0
Total Impairments	0.0		43.6
Furniture, Flooring & Textile Products
Schedule Of Asset Impairment Charges [Line Items]
Goodwill Impairment	0.0		44.5
Other Long-Lived Assets Impairments	0.0		0.0
Total Impairments	$ 0.0		$ 44.5

Accounts and Other Receivables

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Accounts and Other Receivables

Accounts and other receivables consisted of the following:


	September 30, 2024				December 31, 2023
	Current		Long-term		Current		Long-term
Total trade receivables	$	601.0	$	—	$	575.4	$	—
Allowance for doubtful accounts - trade receivables	(17.1)		—		(10.5)		—
Trade receivables, net	$	583.9	$	—	$	564.9	$	—


Taxes receivable, including income taxes	$	3.6	$	—	$	3.1	$	—
Value-added taxes (VAT) recoverable 1	39.6		6.1		56.6		—
Other receivables	11.0		4.7		12.7		1.2

Other receivables, net	$	54.2	$	10.8	$	72.4	$	1.2

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


	Balance at December 31, 2023		Change in Provision		Less: Net Charge-offs/ (Recoveries) and Other		Balance at September 30, 2024




Total allowance for doubtful accounts on trade receivables	$	10.5	$	8.5	$	1.9	$	17.1

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 326.4	$ 361.3
Work in process	74.7	73.5
Raw materials and supplies	353.3	384.9
Inventories	$ 754.4	$ 819.7

Fair Value - Additional Information (Details) - Level 1 - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed rate debt	$ 190.0	$ 175.0
Reported Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed rate debt	$ 1,787.9	$ 1,786.4

Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Summary of Segment Results from Continuing Operations

A summary of segment results is shown in the following tables:


	Trade 1 Sales		Inter- Segment Sales		Total Sales		EBIT		Depreciation and Amortization
Three Months Ended September 30, 2024
Bedding Products 2	$	445.5	$	6.1	$	451.6	$	25.5	$	14.8
Specialized Products	299.9		1.5		301.4		24.8		11.0
Furniture, Flooring & Textile Products	356.3		2.1		358.4		27.4		5.4
Intersegment eliminations and other 3							—		5.2
	$	1,101.7	$	9.7	$	1,111.4	$	77.7	$	36.4
Three Months Ended September 30, 2023
Bedding Products	$	483.3	$	7.4	$	490.7	$	31.1	$	26.2
Specialized Products	319.4		.3		319.7		31.2		10.7
Furniture, Flooring & Textile Products	372.7		2.8		375.5		29.5		5.5
Intersegment eliminations and other 3							(.4)		2.6
	$	1,175.4	$	10.5	$	1,185.9	$	91.4	$	45.0


	Trade 1 Sales		Inter- Segment Sales		Total Sales		EBIT		Depreciation and Amortization
Nine Months Ended September 30, 2024
Bedding Products 2,4	$	1,331.5	$	19.0	$	1,350.5	$	(550.6)	$	43.7
Specialized Products 4	935.4		3.2		938.6		39.0		31.4
Furniture, Flooring & Textile Products 4	1,060.3		7.6		1,067.9		41.6		16.2
Intersegment eliminations and other 3							(3.6)		10.6
	$	3,327.2	$	29.8	$	3,357.0	$	(473.6)	$	101.9
Nine Months Ended September 30, 2023
Bedding Products	$	1,516.2	$	25.5	$	1,541.7	$	87.4	$	77.3
Specialized Products	961.3		1.2		962.5		93.0		31.7
Furniture, Flooring & Textile Products	1,132.7		9.3		1,142.0		96.7		17.0
Intersegment eliminations and other 3							(.7)		9.1
	$	3,610.2	$	36.0	$	3,646.2	$	276.4	$	135.1

1 See Note B for revenue by product family.

2 The lower amortization expense in the three and nine months ended September 30, 2024 is due to the fourth quarter 2023 long-lived asset impairment.

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.

4 EBIT for the nine months ended September 30, 2024 includes $675.3 of goodwill impairments as discussed in Note F.

Summary of Average Assets for Segments


Average Assets by Segment	September 30, 2024		December 31, 2023
Bedding Products	$	755.8	$	815.2
Specialized Products	399.4		398.6
Furniture, Flooring & Textile Products	354.4		390.3

Average current liabilities included in segment numbers above	688.3		736.1
Unallocated assets 1	1,608.6		2,403.2
Difference between average assets and period-end balance sheet	(26.4)		(108.9)
Total assets	$	3,780.1	$	4,634.5

Segment Information - Summary of Segment Results from Continuing Operations (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment			3
Segment Reporting Information [Line Items]
Net trade sales	$ 1,101.7	$ 1,175.4	$ 3,327.2	$ 3,610.2
EBIT	77.7	91.4	(473.6)	276.4
Depreciation and Amortization	36.4	45.0	101.9	135.1
Goodwill impairment	0.0		675.3	0.0
Bedding Products
Segment Reporting Information [Line Items]
Net trade sales	445.5	483.3	1,331.5	1,516.2
Goodwill impairment	0.0		587.2
Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	299.9	319.4	935.4	961.3
Goodwill impairment	0.0		43.6
Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	356.3	372.7	1,060.3	1,132.7
Trade sales
Segment Reporting Information [Line Items]
Net trade sales	1,111.4	1,185.9	3,357.0	3,646.2
Trade sales \| Bedding Products
Segment Reporting Information [Line Items]
Net trade sales	451.6	490.7	1,350.5	1,541.7
EBIT	25.5	31.1	(550.6)	87.4
Depreciation and Amortization	14.8	26.2	43.7	77.3
Trade sales \| Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	301.4	319.7	938.6	962.5
EBIT	24.8	31.2	39.0	93.0
Depreciation and Amortization	11.0	10.7	31.4	31.7
Trade sales \| Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	358.4	375.5	1,067.9	1,142.0
EBIT	27.4	29.5	41.6	96.7
Depreciation and Amortization	5.4	5.5	16.2	17.0
Intersegment eliminations
Segment Reporting Information [Line Items]
Net trade sales	9.7	10.5	29.8	36.0
EBIT	0.0	(0.4)	(3.6)	(0.7)
Depreciation and Amortization	5.2	2.6	10.6	9.1
Intersegment eliminations \| Bedding Products
Segment Reporting Information [Line Items]
Net trade sales	6.1	7.4	19.0	25.5
Intersegment eliminations \| Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	1.5	0.3	3.2	1.2
Intersegment eliminations \| Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	$ 2.1	$ 2.8	$ 7.6	$ 9.3

Segment Information - Summary of Average Assets for Segments (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total assets	$ 3,780.1	$ 3,780.1		$ 4,634.5
Goodwill impairment	0.0	675.3	$ 0.0
Bedding Products
Segment Reporting Information [Line Items]
Goodwill impairment	0.0	587.2
Specialized Products
Segment Reporting Information [Line Items]
Goodwill impairment	0.0	43.6
Operating segments \| Bedding Products
Segment Reporting Information [Line Items]
Total assets	755.8	755.8		815.2
Operating segments \| Specialized Products
Segment Reporting Information [Line Items]
Total assets	399.4	399.4		398.6
Operating segments \| Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Total assets	354.4	354.4		390.3
Average current liabilities included in segment numbers above
Segment Reporting Information [Line Items]
Total assets	688.3	688.3		736.1
Unallocated assets
Segment Reporting Information [Line Items]
Total assets	1,608.6	1,608.6		2,403.2
Difference between average assets and period-end balance sheet
Segment Reporting Information [Line Items]
Total assets	$ (26.4)	$ (26.4)		$ (108.9)

Revenue

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue

Revenue by Product Family

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 on our segment structure, see Note C.


	Nine Months Ended September 30,				Three Months Ended September 30,
	2024		2023		2024		2023
Bedding Products
Bedding Group	$	1,331.5	$	1,516.2	$	445.5	$	483.3


Specialized Products
Automotive Group	629.5		657.5		204.6		223.7
Aerospace Products Group	138.0		113.9		44.9		37.9
Hydraulic Cylinders Group	167.9		189.9		50.4		57.8
	935.4		961.3		299.9		319.4

Furniture, Flooring & Textile Products
Home Furniture Group	207.5		226.8		65.6		72.4
Work Furniture Group	207.2		205.0		67.9		65.2
Flooring & Textile Products Group	645.6		700.9		222.8		235.1
	1,060.3		1,132.7		356.3		372.7
	$	3,327.2	$	3,610.2	$	1,101.7	$	1,175.4

- 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

Revenue (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Summary of Disaggregation of Revenue by Major Source


	Nine Months Ended September 30,				Three Months Ended September 30,
	2024		2023		2024		2023
Bedding Products
Bedding Group	$	1,331.5	$	1,516.2	$	445.5	$	483.3


Specialized Products
Automotive Group	629.5		657.5		204.6		223.7
Aerospace Products Group	138.0		113.9		44.9		37.9
Hydraulic Cylinders Group	167.9		189.9		50.4		57.8
	935.4		961.3		299.9		319.4

Furniture, Flooring & Textile Products
Home Furniture Group	207.5		226.8		65.6		72.4
Work Furniture Group	207.2		205.0		67.9		65.2
Flooring & Textile Products Group	645.6		700.9		222.8		235.1
	1,060.3		1,132.7		356.3		372.7
	$	3,327.2	$	3,610.2	$	1,101.7	$	1,175.4

Fair Value

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE

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 September 30, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	130.4	$	—	$	130.4
Derivative assets (Note N)	—		3.0		—		3.0
Diversified investments associated with the ESU Program	55.2		—		—		55.2
Total assets	$	55.2	$	133.4	$	—	$	188.6
Liabilities:
Derivative liabilities (Note N)	$	—	$	2.2	$	—	$	2.2
Liabilities associated with the ESU Program	56.8		—		—		56.8
Total liabilities	$	56.8	$	2.2	$	—	$	59.0


	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 (Note N)	—		6.2		—		6.2
Diversified investments associated with the ESU Program	50.4		—		—		50.4
Total assets	$	50.4	$	153.7	$	—	$	204.1
Liabilities:
Derivative liabilities (Note N)	$	—	$	3.5	$	—	$	3.5
Liabilities associated with the ESU Program	52.4		—		—		52.4
Total liabilities	$	52.4	$	3.5	$	—	$	55.9

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 $190.0 less than carrying value of $1,787.9 at September 30, 2024 and approximately $175.0 less than carrying value of $1,786.4 at December 31, 2023.

Items measured at fair value on a non-recurring basis

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

- 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

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Impairment Charges (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill


	Nine Months Ended September 30, 2024						Three Months Ended September 30, 2024
	Goodwill Impairment		Other Long-Lived Assets Impairments		Total Impairments			Goodwill Impairment		Other Long-Lived Assets Impairments		Total Impairments
Bedding Products	$	587.2	$	3.2	$	590.4		$	—	$	.6	$	.6
Specialized Products	43.6		—		43.6			—		—		—
Furniture, Flooring & Textile Products	44.5		—		44.5			—		—		—

Total impairment charges	$	675.3	$	3.2	$	678.5		$	—	$	.6	$	.6

Summary of Changes In The Carrying Amounts Of Goodwill


Reporting Unit	Segment	Nine Months Ended September 30, 2024
Bedding	Bedding Products	$	587.2
Work Furniture	Furniture, Flooring & Textile Products	44.5
Hydraulic Cylinders	Specialized Products	43.6
		$	675.3

The 2024 information excludes Hydraulic Cylinders, as this unit had no goodwill remaining after the second quarter 2024 impairment.


2024
Fair Value over Carrying Value divided by Carrying Value	September 30, 2024 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	$	442.9	(1)% - 12%	3	%	14% - 17%

101% - 300%	371.8		3 - 7	3		14

	$	814.7	(1)% - 12%	3	%	14% - 17%


2023
Fair Value over Carrying Value divided by Carrying Value	December 31, 2023 Goodwill Value		CAGR Range for Sales	Terminal Values Long-term Growth Rate for Debt-Free Cash Flow		Discount Rate Ranges
Less than 50% 1	$	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%

1 This category includes Bedding, Aerospace, and Work Furniture for 2024 and Bedding, Aerospace, and Hydraulic Cylinders for 2023.

- Definition

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

+ References

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+ Details

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Activities
Net earnings (loss)	$ (525.6)	$ 160.6
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	83.8	81.2
Amortization of intangibles and supply agreements	18.1	53.9
Long-lived asset impairment	3.2	0.0
Goodwill impairment	675.3	0.0
Increase (decrease) in provision for losses on accounts and notes receivable	8.5	(6.0)
Write-down of inventories	25.3	4.9
Net gain on disposal of assets	(31.1)	(9.1)
Deferred income tax benefit	(55.3)	(17.3)
Stock-based compensation	22.2	21.7
Other, net	(11.9)	8.9
Changes in working capital, excluding effects from acquisitions and divestitures:
Accounts and other receivables	(13.9)	(23.3)
Inventories	40.5	66.5
Other current assets	(4.8)	(6.0)
Accounts payable	(20.8)	19.4
Accrued expenses and other current liabilities	(30.1)	(4.3)
Net Cash Provided by Operating Activities	183.4	351.1
Investing Activities
Additions to property, plant and equipment	(59.8)	(90.4)
Proceeds from disposals of assets	40.6	13.2
Other, net	0.4	(0.2)
Net Cash Used for Investing Activities	(18.8)	(77.4)
Financing Activities
Additions to long-term debt	0.0	0.7
Payments on long-term debt	(0.1)	(1.1)
Change in commercial paper and short-term debt	(110.2)	(121.3)
Dividends paid	(129.7)	(178.1)
Purchases of common stock	(4.5)	(5.5)
Other, net	(2.1)	(5.5)
Net Cash Used for Financing Activities	(246.6)	(310.8)
Effect of Exchange Rate Changes on Cash	(6.3)	(5.5)
Decrease in Cash and Cash Equivalents	(88.3)	(42.6)
Cash and Cash Equivalents—January 1,	365.5	316.5
Cash and Cash Equivalents—September 30,	$ 277.2	$ 273.9

Earnings (Loss) Per Share (EPS)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Earnings (Loss) Per Share (EPS)

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


	Nine Months Ended September 30,				Three Months Ended September 30,
	2024		2023		2024		2023
Net earnings (loss)
Net earnings (loss)	$	(525.6)	$	160.6	$	44.9	$	52.9
Earnings attributable to noncontrolling interest, net of tax	(.1)		(.1)		—		(.1)


Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders	$	(525.7)	$	160.5	$	44.9	$	52.8

Weighted average number of shares (in millions)
Weighted average number of common shares used in basic EPS	137.2		136.2		137.4		136.4
Dilutive effect of stock-based compensation	—		.3		.6		.4
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	137.2		136.5		138.0		136.8

Basic and diluted EPS



Basic EPS attributable to Leggett & Platt common shareholders	$	(3.83)	$	1.18	$	.33	$	.39




Diluted EPS attributable to Leggett & Platt common shareholders	$	(3.83)	$	1.18	$	.33	$	.39

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

Cash dividends declared per share	$	.56	$	1.36	$	.05	$	.46

Other (income) expense, net

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

Other (income) expense, net

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


	Nine Months Ended September 30,				Three Months Ended September 30,
	2024		2023		2024		2023


Restructuring charges	$	16.5	$	2.7	$	4.8	$	2.5

Currency (gain) loss	(1.0)		1.5		1.6		.2

(Gain) loss from diversified investments associated with ESU Program	(7.0)		(3.1)		(3.2)		1.5
Reduction to contingent purchase price liability	(6.4)		(12.4)		—		(3.6)


Non-service pension income	(1.1)		(.3)		(.3)		(.2)
Other (income) expense	(2.5)		2.4		(.7)		1.0
	$	(1.5)	$	(9.2)	$	2.2	$	1.4

Restructuring and Related Activities

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Restructuring and Impairments

Restructuring and Related Activities

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. The Plan was expanded in the second quarter of 2024 to include a restructuring opportunity within the Specialized Products segment and in the third quarter of 2024 to include the general and administrative cost structure initiatives.

Over the course of the restructuring timeline, we plan to consolidate between 15 and 20 production and distribution facilities (out of 50) in the Bedding Products segment and a small number of production facilities in the Furniture, Flooring & Textile Products segment. Our total costs for this Plan are expected to be between $65.0 and $85.0, of which $40.0 to $50.0 are anticipated to be incurred in 2024 and the remainder in 2025. As of September 30, 2024, we have incurred costs of $34.3.


	Total Amount Expected to be Incurred	Nine Months Ended September 30, 2024		Three Months Ended September 30, 2024

Net restructuring and restructuring-related	$40.0 to $55.0	$	31.1	$	11.7
Impairment costs associated with this plan (See Note F)	25.0 to 30.0	3.2		.6
	$65.0 to $85.0	$	34.3	$	12.3

Amount of total that represents net cash charges	$30.0 to $40.0	$	26.6	$	11.0

The table below presents all 2024 restructuring and restructuring-related activity. Restructuring and restructuring-related activity for 2023 was $2.7 and was not associated with any formal plan.


	Income Statement Presentation	Nine Months Ended September 30, 2024		Three Months Ended September 30, 2024
Restructuring costs:
Termination benefits, relocation, and other restructuring costs	Other (income) expense, net	$	16.5		$	4.8
Restructuring-related costs (gains):

Inventory obsolescence and other	Cost of goods sold	4.5			.7

Professional services and other	Selling and administrative expenses	11.7			6.3


Gain on sale of equipment	Net gain on disposal of assets	(1.6)			(.1)
Total restructuring-related costs		14.6			6.9
Total net restructuring and restructuring-related costs		$	31.1		$	11.7
Amount of total that represents net cash charges		$	26.6		$	11.0

Net restructuring and restructuring-related costs by segment were as follows:


	Nine Months Ended September 30, 2024		Three Months Ended September 30, 2024
Bedding Products	$	24.0		$	7.4
Specialized Products	5.1			3.8
Furniture, Flooring & Textile Products	2.0			.5
Total net restructuring and restructuring-related costs	$	31.1		$	11.7

In August 2024, we recognized gains from the sale of real estate associated with the Plan of $14.0 within the Bedding Products segment. These gains are not reflected in the tables above.

The accrued liability associated with the Plan consisted of the following:


	Balance at December 31, 2023		Add: 2024 Charges		Less: 2024 Payments		Balance at September 30, 2024
Termination benefits	$	—	$	6.1	$	4.5	$	1.6

Relocation and other restructuring costs	—		10.4		10.3		.1
Total	$	—	$	16.5	$	14.8	$	1.7