0000058492-26-000295 | 10-Q | XBRL Viewer

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Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Inventory Disclosure [Abstract]
Finished goods	$ 333.8	$ 297.8
Work in process	47.7	39.0
Raw materials and supplies	281.8	285.8
Inventories	$ 663.3	$ 622.6

Segment Information

3 Months Ended

Mar. 31, 2026

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 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 in 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 engineered hydraulic cylinders used in the material handling and heavy construction industries. On August 29, 2025, we divested our Aerospace Products Group, as discussed in Note L to the Consolidated Condensed Financial Statements on page 19.

•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 correspond with our management organizational structure. Each of our segments has an executive vice president who has accountability to, and maintains regular contact with, our CEO, who is the chief operating decision maker (CODM).

The accounting policies used in the preparation of the segment information are the same as those used for the consolidated financial statements. Earnings Before Interest and Taxes (EBIT) is used by the CODM to evaluate segment performance, allocate overall resources, and determine management incentive compensation. Intersegment sales are made primarily at prices that approximate market-based selling prices. Centrally incurred costs are allocated to the segments based on estimates of services used by the segment. Certain of our general and administrative costs and miscellaneous corporate income and expenses are allocated to the segments based on sales or other appropriate metrics. These allocated corporate costs include depreciation and other costs and income related to assets that are not allocated or otherwise included in the segment assets.

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


	Bedding Products		Specialized Products		Furniture, Flooring & Textile Products		Total
Three Months Ended March 31, 2026
Trade sales 1	$	364.9	$	244.1	$	309.2	$	918.2
Inter-segment sales	5.8		1.3		1.8		8.9
Total segment sales	370.7		245.4		311.0		927.1
Less:

Depreciation and amortization	12.4		8.1		4.3		24.8
Nonoperating assets depreciation and amortization 2	1.4		.9		1.1		3.4
Total depreciation and amortization	13.8		9.0		5.4		28.2


Restructuring, restructuring-related, and impairment charges (Note E)	4.7		—		.2		4.9
Gain on sale of real estate	(9.5)		—		—		(9.5)

Other segment items 3	336.0		218.7		301.0		855.7
Segment EBIT	$	25.7	$	17.7	$	4.4	47.8
Intersegment eliminations and other 4							(3.3)

Interest expense net of interest income							(12.6)
Earnings before income taxes							$	31.9


Three Months Ended March 31, 2025
Trade sales 1	$	390.7	$	300.1	$	331.3	$	1,022.1
Inter-segment sales	5.2		.2		2.3		7.7
Total segment sales	395.9		300.3		333.6		1,029.8
Less:

Depreciation and amortization	13.0		10.4		4.9		28.3
Nonoperating assets depreciation and amortization 2	1.3		.9		1.1		3.3
Total depreciation and amortization	14.3		11.3		6.0		31.6
Other segment items:


Restructuring, restructuring-related, and impairment charges (Note E)	3.4		3.4		.1		6.9
Gain on sale of real estate	—		—		(3.2)		(3.2)

Other segment items 3	368.6		257.2		305.9		931.7
Segment EBIT	$	9.6	$	28.4	$	24.8	62.8
Intersegment eliminations and other							.1

Interest expense net of interest income							(17.8)
Earnings before income taxes							$	45.1

1 See Note B for revenue by product family.

2 Assets are not allocated to segments for internal reporting presentations. A portion of amortization and depreciation is included with various other costs in an overhead allocation to each segment.

3 Other segment items included in segment EBIT but not regularly provided to the CODM are comprised of cost of goods sold, selling and administrative expenses, and other expense (income), net.

4 Intersegment eliminations and other included $3.5 for Somnigroup International Inc. merger costs (see Note O).

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 (current assets and current liabilities utilized in operations) plus net property, plant and equipment.


Average Assets by Segment	March 31, 2026		December 31, 2025
Bedding Products	$	578.7	$	635.5
Specialized Products	289.5		363.0
Furniture, Flooring & Textile Products	313.1		331.1

Average current liabilities included in segment numbers above	589.6		650.0
Unallocated assets 1	1,735.6		1,807.3
Difference between average assets and period-end balance sheet	12.6		(250.5)
Total assets	$	3,519.1	$	3,536.4

1 Unallocated assets consist primarily of goodwill, other intangibles, cash, and net operating leases.

- 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.

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+ Details

Revenue

3 Months Ended

Mar. 31, 2026

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.


	Three Months Ended March 31,
	2026		2025
Bedding Products
Bedding Group	$	364.9	$	390.7


Specialized Products
Automotive Group	194.2		197.2
Aerospace Products Group (Note L)	—		53.0
Hydraulic Cylinders Group	49.9		49.9
	244.1		300.1

Furniture, Flooring & Textile Products
Home Furniture Group	58.4		66.8
Work Furniture Group	68.8		68.9
Flooring & Textile Products Group	182.0		195.6
	309.2		331.3
	$	918.2	$	1,022.1

- 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.

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+ Details

Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
Stock-Based Compensation (Details) - USD ($) $ in Millions	Mar. 31, 2026	Mar. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 11.3	$ 8.2
Total tax benefits (expense) associated with stock-based compensation	1.5	(0.8)
To be settled with stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	10.9	7.0
Employee contributions for above stock plans	0.4	1.2
Total stock-based compensation	11.3	8.2
Total tax benefits (expense) associated with stock-based compensation	2.7	1.7
To be settled with stock \| Tax expense on stock-based compensation payments
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total tax benefits (expense) associated with stock-based compensation	(1.2)	(2.5)
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	8.9	7.0
To be settled with stock \| All other stock plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	2.0	0.0
To be settled in cash
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	0.6	0.3
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	0.0	0.0
To be settled in cash \| All other stock plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 0.6	$ 0.3

Stock-Based Compensation

3 Months Ended

Mar. 31, 2026

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:


	Three Months Ended March 31, 2026				Three Months Ended March 31, 2025
	To be settled with stock		To be settled in cash		To be settled with stock		To be settled in cash
Restricted Stock Unit awards	$	8.9	$	—	$	7.0	$	—
All other stock plans	2.0		.6		—		.3







Total stock-based compensation expense	10.9		$	.6	7.0		$	.3
Employee contributions for above stock plans	.4				1.2
Total stock-based compensation	$	11.3			$	8.2

Tax benefits on stock-based compensation expense	$	2.7			$	1.7
Tax expense on stock-based compensation payments	(1.2)				(2.5)
Total tax benefits (expense) associated with stock-based compensation	$	1.5			$	(.8)

Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Results from Continuing Operations

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


	Bedding Products		Specialized Products		Furniture, Flooring & Textile Products		Total
Three Months Ended March 31, 2026
Trade sales 1	$	364.9	$	244.1	$	309.2	$	918.2
Inter-segment sales	5.8		1.3		1.8		8.9
Total segment sales	370.7		245.4		311.0		927.1
Less:

Depreciation and amortization	12.4		8.1		4.3		24.8
Nonoperating assets depreciation and amortization 2	1.4		.9		1.1		3.4
Total depreciation and amortization	13.8		9.0		5.4		28.2


Restructuring, restructuring-related, and impairment charges (Note E)	4.7		—		.2		4.9
Gain on sale of real estate	(9.5)		—		—		(9.5)

Other segment items 3	336.0		218.7		301.0		855.7
Segment EBIT	$	25.7	$	17.7	$	4.4	47.8
Intersegment eliminations and other 4							(3.3)

Interest expense net of interest income							(12.6)
Earnings before income taxes							$	31.9


Three Months Ended March 31, 2025
Trade sales 1	$	390.7	$	300.1	$	331.3	$	1,022.1
Inter-segment sales	5.2		.2		2.3		7.7
Total segment sales	395.9		300.3		333.6		1,029.8
Less:

Depreciation and amortization	13.0		10.4		4.9		28.3
Nonoperating assets depreciation and amortization 2	1.3		.9		1.1		3.3
Total depreciation and amortization	14.3		11.3		6.0		31.6
Other segment items:


Restructuring, restructuring-related, and impairment charges (Note E)	3.4		3.4		.1		6.9
Gain on sale of real estate	—		—		(3.2)		(3.2)

Other segment items 3	368.6		257.2		305.9		931.7
Segment EBIT	$	9.6	$	28.4	$	24.8	62.8
Intersegment eliminations and other							.1

Interest expense net of interest income							(17.8)
Earnings before income taxes							$	45.1

1 See Note B for revenue by product family.

2 Assets are not allocated to segments for internal reporting presentations. A portion of amortization and depreciation is included with various other costs in an overhead allocation to each segment.

3 Other segment items included in segment EBIT but not regularly provided to the CODM are comprised of cost of goods sold, selling and administrative expenses, and other expense (income), net.

4 Intersegment eliminations and other included $3.5 for Somnigroup International Inc. merger costs (see Note O).

Schedule of Average Assets for Segments


Average Assets by Segment	March 31, 2026		December 31, 2025
Bedding Products	$	578.7	$	635.5
Specialized Products	289.5		363.0
Furniture, Flooring & Textile Products	313.1		331.1

Average current liabilities included in segment numbers above	589.6		650.0
Unallocated assets 1	1,735.6		1,807.3
Difference between average assets and period-end balance sheet	12.6		(250.5)
Total assets	$	3,519.1	$	3,536.4

1 Unallocated assets consist primarily of goodwill, other intangibles, cash, and net operating leases.

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule 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:


	Three Months Ended March 31, 2026				Three Months Ended March 31, 2025
	To be settled with stock		To be settled in cash		To be settled with stock		To be settled in cash
Restricted Stock Unit awards	$	8.9	$	—	$	7.0	$	—
All other stock plans	2.0		.6		—		.3







Total stock-based compensation expense	10.9		$	.6	7.0		$	.3
Employee contributions for above stock plans	.4				1.2
Total stock-based compensation	$	11.3			$	8.2

Tax benefits on stock-based compensation expense	$	2.7			$	1.7
Tax expense on stock-based compensation payments	(1.2)				(2.5)
Total tax benefits (expense) associated with stock-based compensation	$	1.5			$	(.8)

Restructuring and Related Activities - Schedule of Restructuring-Related Costs (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended		27 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Mar. 31, 2026
Restructuring Cost and Reserve [Line Items]
Total incurred cost	$ 2.1	$ 6.6
2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.2	2.3
Total incurred cost	3.0		$ 29.7	$ 47.8	$ 80.5
2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.5	0.0
Total incurred cost	1.5
Other Restructuring Activity
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.2	1.4
Total restructuring related costs \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	0.0	2.9
Other restructuring \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	0.2	5.2	$ 10.7	$ 43.6	$ 54.5
Other restructuring \| 2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	1.5	0.0
Other restructuring \| Other Restructuring Activity
Restructuring Cost and Reserve [Line Items]
Total incurred cost	0.4	1.4
Cost of goods sold \| Inventory obsolescence and other \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	0.0	0.5
Cost of goods sold \| Inventory obsolescence and other \| 2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	1.0	0.0
Cost of goods sold \| Inventory obsolescence and other \| Other Restructuring Activity
Restructuring Cost and Reserve [Line Items]
Total incurred cost	0.2	0.0
Selling and administrative expenses \| Professional services and other \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	0.0	1.0
Net gain on disposal of assets and businesses \| Net loss on disposal of assets and businesses \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	$ 0.0	$ 1.4

Interim Presentation (Details) - USD ($) $ in Millions	3 Months Ended
Interim Presentation (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable trade percentage of face value interest sold (as a percent)	100.00%
Trade receivables, net	$ 40.0	$ 45.0
Accounts payable third party programs	$ 110.0	$ 115.0

Earnings (Loss) Per Share (EPS) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Net earnings
Net earnings	$ 20.0	$ 30.6
Earnings attributable to noncontrolling interest, net of tax	0.0	0.0
Net earnings attributable to Leggett & Platt, Inc. common shareholders	$ 20.0	$ 30.6
Weighted average number of shares (in millions)
Weighted average number of common shares used in basic EPS (in shares)	139.3	137.8
Dilutive effect of stock-based compensation (in shares)	1.7	0.8
Weighted average number of common shares and dilutive potential common shares used in diluted EPS (in shares)	141.0	138.6
Basic and diluted EPS
Basic EPS attributable to Leggett & Platt, Inc. common shareholders (in usd per share)	$ 0.14	$ 0.22
Diluted EPS attributable to Leggett & Platt, Inc. common shareholders (in usd per share)	$ 0.14	$ 0.22
Other information
Anti-dilutive shares excluded from diluted EPS computation (in shares)	0.8	0.8
Cash dividends declared per share (in usd per share)	$ 0.05	$ 0.05

Segment Information - Narrative (Details)	3 Months Ended
Segment Information - Narrative (Details)	Mar. 31, 2026 segment
Segment Reporting [Abstract]
Number of reportable segments	3
Number of operating segments	3

Revenue (Details) - USD ($) $ in Millions	3 Months Ended
Revenue (Details) - USD ($) $ in Millions	Mar. 31, 2026	Mar. 31, 2025
Disaggregation of Revenue [Line Items]
Net trade sales	$ 918.2	$ 1,022.1
Bedding Products \| Bedding Group
Disaggregation of Revenue [Line Items]
Net trade sales	364.9	390.7
Specialized Products
Disaggregation of Revenue [Line Items]
Net trade sales	244.1	300.1
Specialized Products \| Automotive Group
Disaggregation of Revenue [Line Items]
Net trade sales	194.2	197.2
Specialized Products \| Aerospace products group
Disaggregation of Revenue [Line Items]
Net trade sales	0.0	53.0
Specialized Products \| Hydraulic Cylinders Group
Disaggregation of Revenue [Line Items]
Net trade sales	49.9	49.9
Furniture, Flooring & Textile Products
Disaggregation of Revenue [Line Items]
Net trade sales	309.2	331.3
Furniture, Flooring & Textile Products \| Home Furniture Group
Disaggregation of Revenue [Line Items]
Net trade sales	58.4	66.8
Furniture, Flooring & Textile Products \| Work Furniture Group
Disaggregation of Revenue [Line Items]
Net trade sales	68.8	68.9
Furniture, Flooring & Textile Products \| Flooring & Textile Products Group
Disaggregation of Revenue [Line Items]
Net trade sales	$ 182.0	$ 195.6

Earnings (Loss) Per Share (EPS)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Earnings (Loss) Per Share (EPS)

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


	Three Months Ended March 31,
	2026		2025
Net earnings
Net earnings	$	20.0	$	30.6
Earnings attributable to noncontrolling interest, net of tax	—		—


Net earnings attributable to Leggett & Platt, Inc. common shareholders	$	20.0	$	30.6

Weighted average number of shares (in millions)
Weighted average number of common shares used in basic EPS	139.3		137.8
Dilutive effect of stock-based compensation	1.7		.8
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	141.0		138.6

Basic and diluted EPS



Basic EPS attributable to Leggett & Platt, Inc. common shareholders	$	.14	$	.22




Diluted EPS attributable to Leggett & Platt, Inc. common shareholders	$	.14	$	.22

Other information
Anti-dilutive shares excluded from diluted EPS computation	.8		.8

Cash dividends declared per share	$	.05	$	.05

Fair Value (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule 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 March 31, 2026
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	210.2	$	—	$	210.2
Derivative assets (Note K)	—		4.5		—		4.5
Diversified investments associated with the Executive Stock Unit (ESU) Program	58.7		—		—		58.7
Total assets	$	58.7	$	214.7	$	—	$	273.4
Liabilities:
Derivative liabilities (Note K)	$	—	$	2.9	$	—	$	2.9
Liabilities associated with the ESU Program	59.6		—		—		59.6
Total liabilities	$	59.6	$	2.9	$	—	$	62.5


	As of December 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	217.0	$	—	$	217.0
Derivative assets (Note K)	—		4.5		—		4.5
Diversified investments associated with the ESU Program	60.2		—		—		60.2
Total assets	$	60.2	$	221.5	$	—	$	281.7
Liabilities:
Derivative liabilities (Note K)	$	—	$	1.2	$	—	$	1.2
Liabilities associated with the ESU Program	62.4		—		—		62.4
Total liabilities	$	62.4	$	1.2	$	—	$	63.6

Restructuring and Related Activities - Narrative (Details) $ in Millions	1 Months Ended	3 Months Ended
	Feb. 28, 2026 USD ($) manufacturingFacility	Mar. 31, 2026 USD ($) facility	Dec. 31, 2025 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring reserve		$ 0.9	$ 1.7
2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs		80.0
Gain on sale of real estate		$ 9.5
2024 restructuring plan \| Bedding Products
Restructuring Cost and Reserve [Line Items]
Number of facilities consolidated \| facility		17
2024 restructuring plan \| Furniture, Flooring & Textile Products
Restructuring Cost and Reserve [Line Items]
Number of facilities consolidated \| facility		4
2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	$ 15.0	$ 15.0
Payments for restructuring	$ 10.0
Gain on sale of real estate		$ 0.0
2026 Restructuring Plan \| Bedding Products
Restructuring Cost and Reserve [Line Items]
Number of facilities consolidated \| manufacturingFacility	2
2026 Restructuring Plan \| Furniture, Flooring & Textile Products
Restructuring Cost and Reserve [Line Items]
Number of facilities consolidated \| manufacturingFacility	1

Accounts and Other Receivables - Schedule of Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 19.7
Change in Provision	2.2	$ 1.2
Less: Net Charge-offs/ (Recoveries) and Other	4.1
Balance at end of period	$ 17.8

Inventories (Tables)

3 Months Ended

Mar. 31, 2026

Inventory Disclosure [Abstract]

Schedule of Inventory

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


	March 31, 2026		December 31, 2025
Finished goods	$	333.8	$	297.8
Work in process	47.7		39.0
Raw materials and supplies	281.8		285.8

Inventories	$	663.3	$	622.6

Revenue (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Major Source


	Three Months Ended March 31,
	2026		2025
Bedding Products
Bedding Group	$	364.9	$	390.7


Specialized Products
Automotive Group	194.2		197.2
Aerospace Products Group (Note L)	—		53.0
Hydraulic Cylinders Group	49.9		49.9
	244.1		300.1

Furniture, Flooring & Textile Products
Home Furniture Group	58.4		66.8
Work Furniture Group	68.8		68.9
Flooring & Textile Products Group	182.0		195.6
	309.2		331.3
	$	918.2	$	1,022.1

Segment Information - Schedule of Average Assets for Segments (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Segment Reporting Information [Line Items]
Total assets	$ 3,519.1	$ 3,536.4
Operating segments \| Bedding Products
Segment Reporting Information [Line Items]
Total assets	578.7	635.5
Operating segments \| Specialized Products
Segment Reporting Information [Line Items]
Total assets	289.5	363.0
Operating segments \| Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Total assets	313.1	331.1
Average current liabilities included in segment numbers above
Segment Reporting Information [Line Items]
Average current liabilities included in segment numbers above	589.6	650.0
Unallocated assets
Segment Reporting Information [Line Items]
Total assets	1,735.6	1,807.3
Difference between average assets and period-end balance sheet
Segment Reporting Information [Line Items]
Total assets	$ 12.6	$ (250.5)

Fair Value - Schedule of Components of Fair Value Measurements of Financial Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Cash equivalents:
Derivative assets (Note K)	$ 4.5	$ 4.5
Total assets	$ 273.4	$ 281.7
Derivative asset, statement of financial position [extensible enumeration]	Assets, Current, Sundry	Assets, Current, Sundry
Liabilities:
Derivative liabilities	$ 2.9	$ 1.2
Total liabilities	$ 62.5	$ 63.6
Derivative liability, statement of financial position [extensible enumeration]	Liabilities, Noncurrent, Other current liabilities	Liabilities, Noncurrent, Other current liabilities
Diversified investments associated with the Executive Stock Unit (ESU) Program
Cash equivalents:
Diversified investments associated with the Executive Stock Unit (ESU) Program	$ 58.7	$ 60.2
Liabilities associated with the ESU Program
Liabilities:
Liabilities associated with the ESU Program	59.6	62.4
Bank time deposits with original maturities of three months or less
Cash equivalents:
Bank time deposits with original maturities of three months or less	210.2	217.0
Level 1
Cash equivalents:
Derivative assets (Note K)	0.0	0.0
Total assets	58.7	60.2
Liabilities:
Derivative liabilities	0.0	0.0
Total liabilities	59.6	62.4
Level 1 \| Diversified investments associated with the Executive Stock Unit (ESU) Program
Cash equivalents:
Diversified investments associated with the Executive Stock Unit (ESU) Program	58.7	60.2
Level 1 \| Liabilities associated with the ESU Program
Liabilities:
Liabilities associated with the ESU Program	59.6	62.4
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
Level 2
Cash equivalents:
Derivative assets (Note K)	4.5	4.5
Total assets	214.7	221.5
Liabilities:
Derivative liabilities	2.9	1.2
Total liabilities	2.9	1.2
Level 2 \| Diversified investments associated with the Executive Stock Unit (ESU) Program
Cash equivalents:
Diversified investments associated with the Executive Stock Unit (ESU) Program	0.0	0.0
Level 2 \| Liabilities associated with the ESU Program
Liabilities:
Liabilities associated with the ESU Program	0.0	0.0
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	210.2	217.0
Level 3
Cash equivalents:
Derivative assets (Note K)	0.0	0.0
Total assets	0.0	0.0
Liabilities:
Derivative liabilities	0.0	0.0
Total liabilities	0.0	0.0
Level 3 \| Diversified investments associated with the Executive Stock Unit (ESU) Program
Cash equivalents:
Diversified investments associated with the Executive Stock Unit (ESU) Program	0.0	0.0
Level 3 \| Liabilities associated with the ESU Program
Liabilities:
Liabilities associated with the ESU Program	0.0	0.0
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

Derivative Financial Instruments

3 Months Ended

Mar. 31, 2026

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 March 31, 2026
Derivatives				Assets				Liabilities
				Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Designated as hedging instruments

Total cash flow hedges-currency hedges	Sep 2027	$	239.6	$	4.1	$	.3	$	.2	$	.1
Total fair value hedges	Sep 2026	123.6		.1		—		2.4		—
Not designated as hedging instruments	Jun 2026	62.1		—		—		.2		—
Total derivatives				$	4.2	$	.3	$	2.8	$	.1


	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of December 31, 2025
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 2027	$	240.5	$	3.3	$	.3	$	.9	$	—
Total fair value hedges	Apr 2026	83.7		.7		—		—		—
Not designated as hedging instruments	Jun 2026	100.6		.2		—		.3		—
Total derivatives				$	4.2	$	.3	$	1.2	$	—

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


Derivatives	Consolidated Condensed Statements of Operations Presentation	Amount of Loss (Gain) Recorded in Income Three Months Ended March 31,
		2026		2025
Designated as hedging instruments

Interest rate cash flow hedges	Interest expense	$	(.1)	$	(.1)
Currency cash flow hedges	Net trade sales	(.1)		1.5
Currency cash flow hedges	Cost of goods sold	(.8)		(.3)

Total cash flow hedges		(1.0)		1.1
Fair value hedges	Other expense (income), net	2.1		(.1)

Not designated as hedging instruments	Other expense (income), net	(1.1)		3.0

Total derivative instruments		$	—	$	4.0

- Definition

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

+ References

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+ Details

Restructuring and Related Activities - Schedule of Restructuring-Related Costs by Segment (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended		27 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Mar. 31, 2026
Restructuring Cost and Reserve [Line Items]
Total incurred cost	$ 2.1	$ 6.6
2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	3.0		$ 29.7	$ 47.8	$ 80.5
2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	1.5
Other restructuring \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	0.2	5.2	$ 10.7	$ 43.6	$ 54.5
Other restructuring \| 2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	1.5	0.0
Other restructuring \| Bedding Products \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	0.2	3.1
Other restructuring \| Bedding Products \| 2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	1.5	0.0
Other restructuring \| Specialized Products \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	0.0	2.0
Other restructuring \| Furniture, Flooring & Textile Products \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	$ 0.0	$ 0.1

- Definition

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

+ References + Details

Divestitures - Narrative (Details) - Disposal group - USD ($) $ in Millions	Aug. 29, 2025	Mar. 31, 2025
Aerospace products group
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal consideration	$ 280.3
Pre-tax gain on disposal	$ 90.9
United States Machinery Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal consideration		$ 1.2

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	May 07, 2026	Mar. 31, 2026	Mar. 31, 2025	Apr. 13, 2026
Subsequent Event [Line Items]
Somnigroup International Inc. merger costs (See Note O)		$ 3.5	$ 0.0
Subsequent Event
Subsequent Event [Line Items]
Somnigroup International Inc. merger costs (See Note O)	$ 6.9
Subsequent Event \| Leggett and Platt Shareholders \| Leggett And Platt
Subsequent Event [Line Items]
Ownership percentage				9.00%
Leggett And Platt \| Subsequent Event
Subsequent Event [Line Items]
Common stock (in dollars per share)				$ 0.01
Leggett And Platt \| Subsequent Event \| Somnigroup International Inc
Subsequent Event [Line Items]
Right to receive in shares				0.1455
Common stock (in dollars per share)				$ 0.01

Derivative Financial Instruments - Schedule of Derivative Financial Instruments at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Assets
Other Current Assets	$ 4.2	$ 4.2
Sundry	0.3	0.3
Liabilities
Other Current Liabilities	2.8	1.2
Other Long-Term Liabilities	0.1	0.0
Designated as hedging instruments \| Cash flow hedges
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	239.6	240.5
Assets
Other Current Assets	4.1	3.3
Sundry	0.3	0.3
Liabilities
Other Current Liabilities	0.2	0.9
Other Long-Term Liabilities	0.1	0.0
Designated as hedging instruments \| Fair value hedges
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	123.6	83.7
Assets
Other Current Assets	0.1	0.7
Sundry	0.0	0.0
Liabilities
Other Current Liabilities	2.4	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	62.1	100.6
Assets
Other Current Assets	0.0	0.2
Sundry	0.0	0.0
Liabilities
Other Current Liabilities	0.2	0.3
Other Long-Term Liabilities	$ 0.0	$ 0.0

Fair Value

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Fair Value

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


	As of March 31, 2026
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	210.2	$	—	$	210.2
Derivative assets (Note K)	—		4.5		—		4.5
Diversified investments associated with the Executive Stock Unit (ESU) Program	58.7		—		—		58.7
Total assets	$	58.7	$	214.7	$	—	$	273.4
Liabilities:
Derivative liabilities (Note K)	$	—	$	2.9	$	—	$	2.9
Liabilities associated with the ESU Program	59.6		—		—		59.6
Total liabilities	$	59.6	$	2.9	$	—	$	62.5


	As of December 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Bank time deposits with original maturities of three months or less	$	—	$	217.0	$	—	$	217.0
Derivative assets (Note K)	—		4.5		—		4.5
Diversified investments associated with the ESU Program	60.2		—		—		60.2
Total assets	$	60.2	$	221.5	$	—	$	281.7
Liabilities:
Derivative liabilities (Note K)	$	—	$	1.2	$	—	$	1.2
Liabilities associated with the ESU Program	62.4		—		—		62.4
Total liabilities	$	62.4	$	1.2	$	—	$	63.6

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 $205.0 less than carrying value of $1,490.4 at March 31, 2026 and approximately $175.0 less than carrying value of $1,490.0 at December 31, 2025.

- 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

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+ Details

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2026	Apr. 30, 2026
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2026
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		136,432,456
Entity Central Index Key	0000058492
Current Fiscal Year-End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Amendment Flag	false

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 1,022.6	$ 690.2
Ending balance	1,039.7	747.6
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(9.0)	(115.8)
Other comprehensive income (loss)	(7.5)	22.3
Reclassifications, pretax	(0.7)	1.0
Income tax effect	(0.2)	0.0
Ending balance	(17.4)	(92.5)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(26.9)	(115.8)
Other comprehensive income (loss)	(9.5)	22.7
Reclassifications, pretax	0.0	0.0
Income tax effect	0.0	0.0
Ending balance	(36.4)	(93.1)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	11.6	7.2
Other comprehensive income (loss)	2.0	(0.2)
Reclassifications, pretax	(0.6)	0.9
Income tax effect	(0.2)	(0.1)
Ending balance	12.8	7.8
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	6.3	(7.2)
Other comprehensive income (loss)	0.0	(0.2)
Reclassifications, pretax	(0.1)	0.1
Income tax effect	0.0	0.1
Ending balance	$ 6.2	$ (7.2)

- Definition

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

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+ Details

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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+ Details

Contingencies

3 Months Ended

Mar. 31, 2026

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 $1.4 and $1.8 at March 31, 2026 and December 31, 2025, respectively. There were no material adjustments to the accrual, including cash payments and expense, for the three-month periods ending March 31, 2026 and March 31, 2025. The accruals do not include accrued expenses related to employment, 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 March 31, 2026, aggregate reasonably possible losses in excess of the accruals noted above are estimated to be $15.0. 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 $15.0 referenced above), which could have a material negative impact on our financial condition, results of operations, and cash flows.

Fair Value - Narrative (Details) - Level 1 - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed rate debt	$ 205.0	$ 175.0
Carrying value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed rate debt	$ 1,490.4	$ 1,490.0

- Definition

The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.

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+ Details

Interim Presentation (Policies)	3 Months Ended
Interim Presentation (Policies)	Mar. 31, 2026
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. Approximately $40.0 and $45.0 of trade receivables were sold and removed from our balance sheets at March 31, 2026 and December 31, 2025, respectively. We occasionally utilize third-party programs that allow our suppliers to be paid earlier at a discount. While we continue to make payments based on our customary terms, a supplier can elect to take payment from a third party earlier with a discount, and in that case, we pay the third party on the original due date of the invoice. Contracts with our suppliers are negotiated independently of supplier participation in the programs, and we cannot increase payment terms pursuant to the programs. The accounts payable settled through the third-party programs, which remain on our Consolidated Condensed Balance Sheets, were approximately $110.0 and $115.0 at March 31, 2026 and December 31, 2025, respectively.
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. Approximately $40.0 and $45.0 of trade receivables were sold and removed from our balance sheets at March 31, 2026 and December 31, 2025, respectively. We occasionally utilize third-party programs that allow our suppliers to be paid earlier at a discount. While we continue to make payments based on our customary terms, a supplier can elect to take payment from a third party earlier with a discount, and in that case, we pay the third party on the original due date of the invoice. Contracts with our suppliers are negotiated independently of supplier participation in the programs, and we cannot increase payment terms pursuant to the programs. The accounts payable settled through the third-party programs, which remain on our Consolidated Condensed Balance Sheets, were approximately $110.0 and $115.0 at March 31, 2026 and December 31, 2025, respectively.
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: •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 our annual periods beginning January 1, 2027, and interim periods beginning January 1, 2028. Early adoption is permitted and may be applied prospectively or retrospectively. We are currently evaluating the impact of adopting this guidance. •ASU 2025-06 "Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software": This ASU removes the prescriptive and sequential software development stages (referred to as "project stages") and requires capitalization to begin when management has authorized and committed to funding the project and it is probable that the project will be both completed and used to perform its intended function. This guidance will be effective January 1, 2028 (for both annual and interim reporting periods). Early adoption is permitted and may be applied prospectively, retrospectively, or using a modified transition approach. We are currently evaluating the impact of adopting this guidance. •ASU 2025-09 “Derivatives and Hedging (Topic 815): Hedge Accounting Improvements”: This ASU clarifies certain aspects of the guidance on hedge accounting. This guidance will be effective January 1, 2027 (for both annual and interim reporting periods). Early adoption is permitted and must be applied prospectively. 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.

+ References

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+ Details

Restructuring and Related Activities - Schedule of Incurred Costs (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended		27 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Mar. 31, 2026	Feb. 28, 2026
Restructuring Cost and Reserve [Line Items]
Total incurred cost	$ 2.1	$ 6.6
2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	80.0				$ 80.0
Total incurred cost	3.0		$ 29.7	$ 47.8	80.5
2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	15.0				15.0	$ 15.0
Total incurred cost	1.5
Other restructuring \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	57.0				57.0
Total incurred cost	0.2	5.2	10.7	43.6	54.5
Other restructuring \| 2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Total incurred cost	1.5	$ 0.0
Net cash restructuring and restructuring-related \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	40.0				40.0
Total incurred cost	0.2		8.7	30.3	39.2
Net cash restructuring and restructuring-related \| 2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	10.0				10.0
Total incurred cost	0.5
Net non-cash restructuring and restructuring-related \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	17.0				17.0
Total incurred cost	0.0		2.0	13.3	15.3
Net non-cash restructuring and restructuring-related \| 2026 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	5.0				5.0
Total incurred cost	1.0
Long-lived asset and goodwill impairment costs \| 2024 restructuring plan
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	23.0				23.0
Total incurred cost	$ 2.8		$ 19.0	$ 4.2	$ 26.0

- Definition

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

+ References + Details

Accounts and Other Receivables - Schedule of Components of Accounts and Other Receivables (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current
Trade receivables, net	$ 487.1	$ 433.7
Taxes receivable, including income taxes	6.2	8.0
Value-added taxes recoverable	11.7	11.8
Rebates receivable	3.3	5.9
Divestiture receivable	0.0	4.2
Other receivables	11.9	12.3
Other receivables, net	33.1	42.2
Long-term
Taxes receivable, including income taxes	0.0	0.0
Value-added taxes recoverable	0.0	0.0
Rebates receivable	0.0	0.0
Divestiture receivable	0.0	0.0
Other receivables	4.6	5.0
Other receivables, net	4.6	5.0
Trade accounts receivable
Current
Total trade receivables	504.9	453.4
Allowance for doubtful accounts	(17.8)	(19.7)
Trade receivables, net	487.1	433.7
Long-term
Total trade receivables	0.0	0.1
Allowance for doubtful accounts	0.0	0.0
Trade receivables, net	$ 0.0	$ 0.1

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2026
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes China Withholding Tax Matters The Company’s Chinese subsidiaries received formal tax assessments from three local tax authorities in China (Zhaoqing, Jiaxing, and Wuxi) totaling approximately $24.0, in the aggregate, with each assessment relating to an alleged failure to satisfy beneficial owner requirements for purposes of applying reduced dividend withholding tax rates. The assessments assert that dividends paid by our Chinese subsidiaries to a non-Chinese parent within the Company’s organizational structure should have been subject to a 10% withholding tax rate rather than the 5% rate applied. Zhaoqing Assessment. On January 26, 2026, our subsidiary, Hong Kong Veilon Limited, received an assessment from the Zhaoqing High-tech Industrial Development Zone Tax Bureau associated with dividends it received covering the 2021 through 2024 tax periods. The assessment includes tax and penalties totaling approximately $12.0. We plan to make this payment to preserve the Company’s appeal rights. The matter is expected to proceed through the administrative appeal process, and litigation may occur if administrative remedies are exhausted. Jiaxing Assessment. On April 3, 2026, our subsidiary, Leggett & Platt Asia Limited, received an assessment from the Wangjiangjing Tax Office, Xiuzhou District Tax Bureau, Jiaxing City associated with dividends it received covering the 2021 through 2024 tax periods. The assessment includes tax and penalties totaling approximately $5.0. This assessment is currently under review. The Company has posted a guarantee and is preparing responses and evaluating next steps. Wuxi Assessment. On April 8, 2026, our subsidiary, Leggett & Platt Asia Limited, received an assessment from the Wuxi Huishan District Tax Bureau – Luoshe Tax Branch associated with dividends it received covering the 2021 through 2025 tax periods. The assessment includes tax and penalties totaling approximately $7.0. This assessment is currently under review. The Company has posted a guarantee and is preparing responses and evaluating next steps. Although the outcome is uncertain, we believe we have valid defenses and have notified the Chinese tax authorities of our intent to rigorously contest each of the assessments through the administrative appeal process in China, and we have not recorded any income tax expense associated with these matters. While we believe we will be successful, it is reasonably possible over the next 12 months we could incur additional income tax expense that could have a material negative effect on our results of operations or financial condition.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Schedule 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 March 31,
	Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2026	$	(26.9)	$	11.6	$	6.3	$	(9.0)
Other comprehensive income (loss)	(9.5)		2.0		—		(7.5)
Reclassifications, pretax	—		(.6)		(.1)		(.7)
Income tax effect	—		(.2)		—		(.2)

Balance, March 31, 2026	$	(36.4)	$	12.8	$	6.2	$	(17.4)

Balance, January 1, 2025	$	(115.8)	$	7.2	$	(7.2)	$	(115.8)
Other comprehensive income (loss)	22.7		(.2)		(.2)		22.3
Reclassifications, pretax	—		.9		.1		1.0
Income tax effect	—		(.1)		.1		—

Balance, March 31, 2025	$	(93.1)	$	7.8	$	(7.2)	$	(92.5)

Accounts and Other Receivables

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

Accounts and Other Receivables

Accounts and other receivables consisted of the following:


	March 31, 2026				December 31, 2025
	Current		Long-term		Current		Long-term
Total trade receivables	$	504.9	$	—	$	453.4	$	.1
Allowance for doubtful accounts	(17.8)		—		(19.7)		—
Trade receivables, net	$	487.1	$	—	$	433.7	$	.1


Taxes receivable, including income taxes	$	6.2	$	—	$	8.0	$	—
Value-added taxes recoverable	11.7		—		11.8		—
Rebates receivable	3.3		—		5.9		—
Divestiture receivable	—		—		4.2		—
Other receivables	11.9		4.6		12.3		5.0

Other receivables, net	$	33.1	$	4.6	$	42.2	$	5.0

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


	Balance at December 31, 2025		Change in Provision		Less: Net Charge-offs/ (Recoveries) and Other		Balance at March 31, 2026




Allowance for doubtful accounts	$	19.7	$	2.2	$	4.1	$	17.8

Derivative Financial Instruments - Schedule of Pre-Tax (Gains) Losses of Hedging Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	$ 0.0	$ 4.0
Designated as hedging instruments \| Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	(1.0)	1.1
Designated as hedging instruments \| Fair value hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	2.1	(0.1)
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)	(0.1)
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	(0.1)	1.5
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	(0.8)	(0.3)
Not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (gain) loss recorded in income	$ (1.1)	$ 3.0

Divestitures - External Sales and Pretax Earnings (Details) - Held for sale - Aerospace products group $ in Millions	3 Months Ended
	Mar. 31, 2025 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
External sales	$ 53.0
Pretax earnings (excluding corporate overhead)	$ 7.2

Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Accrual	$ 1.4	$ 1.8
Reasonably possible losses in excess of accruals	$ 15.0

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 510.5	$ 587.4
Trade receivables, net	487.1	433.7
Other receivables, net	33.1	42.2
Inventories	663.3	622.6
Prepaid expenses and other current assets	53.0	57.7
Total current assets	1,747.0	1,743.6
Property, Plant and Equipment—at cost
Machinery and equipment	1,475.6	1,440.0
Buildings and other	717.9	752.4
Land	35.6	36.7
Total property, plant and equipment	2,229.1	2,229.1
Less accumulated depreciation	1,570.7	1,565.1
Net property, plant and equipment	658.4	664.0
Other Assets
Goodwill	747.6	751.4
Other intangibles, net	87.2	91.3
Operating lease right-of-use assets	129.9	137.9
Sundry	149.0	148.2
Total other assets	1,113.7	1,128.8
TOTAL ASSETS	3,519.1	3,536.4
Current Liabilities
Current maturities of long-term debt and short-term debt	1.6	1.5
Current portion of operating lease liabilities	50.0	51.5
Accounts payable	467.9	466.6
Accrued expenses	196.8	227.3
Other current liabilities	32.4	28.1
Total current liabilities	748.7	775.0
Long-term Liabilities
Long-term debt	1,496.6	1,496.2
Operating lease liabilities	99.7	106.7
Other long-term liabilities	80.0	83.0
Deferred income taxes	54.4	52.9
Total long-term liabilities	1,730.7	1,738.8
Commitments and Contingencies
Equity
Common stock	2.0	2.0
Additional contributed capital	533.0	550.3
Retained earnings	2,285.2	2,272.2
Accumulated other comprehensive loss	(17.4)	(9.0)
Treasury stock	(1,763.6)	(1,793.4)
Total Leggett & Platt, Inc. equity	1,039.2	1,022.1
Noncontrolling interest	0.5	0.5
Total equity	1,039.7	1,022.6
TOTAL LIABILITIES AND EQUITY	$ 3,519.1	$ 3,536.4

Consolidated Condensed Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net earnings	$ 20.0	$ 30.6
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(9.5)	22.7
Cash flow hedges	1.2	0.6
Defined benefit pension plans	(0.1)	0.0
Other comprehensive income (loss), net of tax	(8.4)	23.3
Comprehensive income (loss)	11.6	53.9
Add: comprehensive income attributable to noncontrolling interest	0.0	0.0
Comprehensive income (loss) attributable to Leggett & Platt, Inc.	$ 11.6	$ 53.9

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2026

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 March 31,
	Foreign Currency Translation Adjustments		Cash Flow Hedges		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance, January 1, 2026	$	(26.9)	$	11.6	$	6.3	$	(9.0)
Other comprehensive income (loss)	(9.5)		2.0		—		(7.5)
Reclassifications, pretax	—		(.6)		(.1)		(.7)
Income tax effect	—		(.2)		—		(.2)

Balance, March 31, 2026	$	(36.4)	$	12.8	$	6.2	$	(17.4)

Balance, January 1, 2025	$	(115.8)	$	7.2	$	(7.2)	$	(115.8)
Other comprehensive income (loss)	22.7		(.2)		(.2)		22.3
Reclassifications, pretax	—		.9		.1		1.0
Income tax effect	—		(.1)		.1		—

Balance, March 31, 2025	$	(93.1)	$	7.8	$	(7.2)	$	(92.5)

Inventories

3 Months Ended

Mar. 31, 2026

Inventory Disclosure [Abstract]

Inventories

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


	March 31, 2026		December 31, 2025
Finished goods	$	333.8	$	297.8
Work in process	47.7		39.0
Raw materials and supplies	281.8		285.8

Inventories	$	663.3	$	622.6

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
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

Segment Information - Schedule of Segment Results from Continuing Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Segment Reporting Information [Line Items]
Net trade sales	$ 918.2	$ 1,022.1
Segment EBIT	44.5	62.9
Interest expense net of interest income	(12.6)	(17.8)
Earnings before income taxes	31.9	45.1
Somnigroup International Inc. merger costs (See Note O)	3.5	0.0
Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	244.1	300.1
Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	309.2	331.3
Trade sales
Segment Reporting Information [Line Items]
Net trade sales	927.1	1,029.8
Depreciation and amortization	24.8	28.3
Nonoperating assets depreciation and amortization	3.4	3.3
Total depreciation and amortization	28.2	31.6
Restructuring, restructuring-related, and impairment charges	4.9	6.9
Gain on sale of real estate	(9.5)	(3.2)
Other segment items	855.7	931.7
Segment EBIT	47.8	62.8
Trade sales \| Reportable Subsegments
Segment Reporting Information [Line Items]
Net trade sales	918.2	1,022.1
Trade sales \| Intersubsegment Eliminations
Segment Reporting Information [Line Items]
Net trade sales	8.9	7.7
Trade sales \| Bedding Products
Segment Reporting Information [Line Items]
Net trade sales	370.7	395.9
Depreciation and amortization	12.4	13.0
Nonoperating assets depreciation and amortization	1.4	1.3
Total depreciation and amortization	13.8	14.3
Restructuring, restructuring-related, and impairment charges	4.7	3.4
Gain on sale of real estate	(9.5)	0.0
Other segment items	336.0	368.6
Segment EBIT	25.7	9.6
Trade sales \| Bedding Products \| Reportable Subsegments
Segment Reporting Information [Line Items]
Net trade sales	364.9	390.7
Trade sales \| Bedding Products \| Intersubsegment Eliminations
Segment Reporting Information [Line Items]
Net trade sales	5.8	5.2
Trade sales \| Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	245.4	300.3
Depreciation and amortization	8.1	10.4
Nonoperating assets depreciation and amortization	0.9	0.9
Total depreciation and amortization	9.0	11.3
Restructuring, restructuring-related, and impairment charges	0.0	3.4
Gain on sale of real estate	0.0	0.0
Other segment items	218.7	257.2
Segment EBIT	17.7	28.4
Trade sales \| Specialized Products \| Reportable Subsegments
Segment Reporting Information [Line Items]
Net trade sales	244.1	300.1
Trade sales \| Specialized Products \| Intersubsegment Eliminations
Segment Reporting Information [Line Items]
Net trade sales	1.3	0.2
Trade sales \| Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	311.0	333.6
Depreciation and amortization	4.3	4.9
Nonoperating assets depreciation and amortization	1.1	1.1
Total depreciation and amortization	5.4	6.0
Restructuring, restructuring-related, and impairment charges	0.2	0.1
Gain on sale of real estate	0.0	(3.2)
Other segment items	301.0	305.9
Segment EBIT	4.4	24.8
Trade sales \| Furniture, Flooring & Textile Products \| Reportable Subsegments
Segment Reporting Information [Line Items]
Net trade sales	309.2	331.3
Trade sales \| Furniture, Flooring & Textile Products \| Intersubsegment Eliminations
Segment Reporting Information [Line Items]
Net trade sales	1.8	2.3
Intersegment eliminations
Segment Reporting Information [Line Items]
Segment EBIT	$ (3.3)	$ 0.1

Divestitures (Tables)

3 Months Ended

Mar. 31, 2026

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Reconciliation of Assets and Liabilities Held for Sale

The Aerospace Products Group did not meet the criteria for discontinued operations because it did not represent a strategic shift that would have a major effect on our financial results and had external sales and pretax earnings as shown below:


	Three Months Ended March 31, 2025

External sales	$	53.0
Pretax earnings (excluding corporate overhead)	7.2

- Definition

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

+ References

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+ Details

Restructuring and Related Activities

3 Months Ended

Mar. 31, 2026

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities

In 2024, we committed to a restructuring plan (the 2024 Restructuring Plan or 2024 Plan), which was primarily associated with our Bedding Products segment.

We consolidated 17 production and distribution facilities in the Bedding Products segment and four production facilities in the Furniture, Flooring & Textile Products segment. We optimized manufacturing and operating efficiencies in the Hydraulic Cylinders Group, and reduced our corporate general and administrative expenses. The 2024 Plan costs were substantially complete at the end of 2025.

The following table presents all 2024 Plan restructuring and restructuring-related activity, including impairments, for the periods presented:


	Total Approximate Amount Expected to be Incurred		Total Amount Incurred to Date Since January 1, 2024		Three Months Ended March 31, 2026		Total Amount Incurred in 2025		Total Amount Incurred in 2024

2024 Restructuring Plan activity:
Net cash restructuring and restructuring-related	$	40.0	$	39.2	$	.2	$	8.7	$	30.3
Net non-cash restructuring and restructuring-related	17.0		15.3		—		2.0		13.3
Total net restructuring and restructuring-related costs	57.0		54.5		.2		10.7		43.6
Long-lived asset and goodwill impairment costs	23.0		26.0		2.8		19.0		4.2
Total 2024 Restructuring Plan activity	$	80.0	$	80.5	$	3.0	$	29.7	$	47.8

In February 2026, we committed to a smaller restructuring plan to consolidate two manufacturing facilities in our Specialty Foam business unit in our Bedding Products segment and one manufacturing facility within our Furniture, Flooring & Textile Products segment into other existing facilities (the 2026 Restructuring Plan or 2026 Plan). These actions are expected to improve our manufacturing efficiency and enhance profitability and are anticipated to be substantially complete by the end of 2026. We expect to incur restructuring and restructuring-related pretax costs of approximately $15.0 for the 2026 Restructuring Plan, including approximately $10.0 of cash charges.


	Total Approximate Amount Expected to be Incurred		Three Months Ended March 31, 2026

2026 Restructuring Plan activity:
Net cash restructuring and restructuring-related	$	10.0	$	.5
Net non-cash restructuring and restructuring-related	5.0		1.0


Total 2026 Restructuring Plan activity	$	15.0	$	1.5

The table below presents the restructuring and restructuring-related activity for the periods presented:


	Consolidated Condensed Statements of Operations Presentation	Three Months Ended March 31, 2026		Three Months Ended March 31, 2025
2024 Plan restructuring costs:
Termination benefits, relocation, and other restructuring costs	Other expense (income), net	$	.2	$	2.3
2024 Plan restructuring-related costs:
Inventory obsolescence and other	Cost of goods sold	—		.5
Professional services and other	Selling and administrative expenses	—		1.0

Net loss on disposal of assets and businesses	Net gain on disposal of assets and businesses	—		1.4
Total 2024 Plan restructuring-related costs		—		2.9
Total 2024 Plan net restructuring and restructuring-related costs		$	.2	$	5.2

2026 Plan restructuring costs:
Termination benefits, relocation, and other restructuring costs	Other expense (income), net	.5		—
2026 Plan restructuring-related costs:
Inventory obsolescence and other	Cost of goods sold	1.0		—




Total 2026 Plan net restructuring and restructuring-related costs		$	1.5	$	—

Other restructuring costs:
Termination benefits, relocation, and other restructuring costs 1	Other expense (income), net	$	.2	$	1.4
Other restructuring-related costs:
Inventory obsolescence and other	Cost of goods sold	.2		—




Total other net restructuring and restructuring-related costs		$	.4	$	1.4
Total net restructuring and restructuring-related costs		$	2.1	$	6.6

1 The three months ended March 31, 2025 represents cash charges for divestiture-related expenses associated with the sale of our Aerospace Products Group in August 2025, as discussed in Note L.

Net restructuring and restructuring-related 2024 Plan and 2026 Plan costs by segment were as follows:


	Three Months Ended March 31, 2026		Three Months Ended March 31, 2025
2024 Plan
Bedding Products	$	.2	$	3.1
Specialized Products	—		2.0
Furniture, Flooring & Textile Products	—		.1
Total net restructuring and restructuring-related costs	$	.2	$	5.2
2026 Plan
Bedding Products	$	1.5	$	—


Total net restructuring and restructuring-related costs	$	1.5	$	—

We recognized gains from the sale of real estate associated with the 2024 Plan of $9.5 in the first three months of 2026. There were no real estate gains associated with the 2026 Plan in the first three months of 2026 or associated with the 2024 Plan in the first three months of 2025. Real estate gains are not reflected in the tables above.

The accrued liabilities associated with our total restructuring initiatives were $.9 and $1.7 at March 31, 2026 and December 31, 2025, respectively.

Interim Presentation	3 Months Ended
Interim Presentation	Mar. 31, 2026
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, 2025 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. Approximately $40.0 and $45.0 of trade receivables were sold and removed from our balance sheets at March 31, 2026 and December 31, 2025, respectively. We occasionally utilize third-party programs that allow our suppliers to be paid earlier at a discount. While we continue to make payments based on our customary terms, a supplier can elect to take payment from a third party earlier with a discount, and in that case, we pay the third party on the original due date of the invoice. Contracts with our suppliers are negotiated independently of supplier participation in the programs, and we cannot increase payment terms pursuant to the programs. The accounts payable settled through the third-party programs, which remain on our Consolidated Condensed Balance Sheets, were approximately $110.0 and $115.0 at March 31, 2026 and December 31, 2025, respectively. 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: •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 our annual periods beginning January 1, 2027, and interim periods beginning January 1, 2028. Early adoption is permitted and may be applied prospectively or retrospectively. We are currently evaluating the impact of adopting this guidance. •ASU 2025-06 "Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software": This ASU removes the prescriptive and sequential software development stages (referred to as "project stages") and requires capitalization to begin when management has authorized and committed to funding the project and it is probable that the project will be both completed and used to perform its intended function. This guidance will be effective January 1, 2028 (for both annual and interim reporting periods). Early adoption is permitted and may be applied prospectively, retrospectively, or using a modified transition approach. We are currently evaluating the impact of adopting this guidance. •ASU 2025-09 “Derivatives and Hedging (Topic 815): Hedge Accounting Improvements”: This ASU clarifies certain aspects of the guidance on hedge accounting. This guidance will be effective January 1, 2027 (for both annual and interim reporting periods). Early adoption is permitted and must be applied prospectively. 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.

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, 2024	$ 690.2	$ 570.7	$ 2,064.5	$ (115.8)	$ (1,830.0)	$ 0.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	30.6		30.6
Dividends declared	(6.7)	0.2	(6.9)
Treasury stock purchased	(2.0)				(2.0)
Treasury stock issued	1.2	(24.5)			25.7
Other comprehensive income (loss), net of tax	23.3			23.3
Stock-based compensation transactions, net of tax	11.0	11.0
Ending balance at Mar. 31, 2025	747.6	557.4	2,088.2	(92.5)	(1,806.3)	0.8
Beginning balance at Dec. 31, 2025	1,022.6	552.3	2,272.2	(9.0)	(1,793.4)	0.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	20.0		20.0
Dividends declared	(6.8)	0.2	(7.0)
Treasury stock purchased	(3.4)				(3.4)
Treasury stock issued	1.7	(31.5)			33.2
Other comprehensive income (loss), net of tax	(8.4)			(8.4)
Stock-based compensation transactions, net of tax	14.0	14.0
Ending balance at Mar. 31, 2026	$ 1,039.7	$ 535.0	$ 2,285.2	$ (17.4)	$ (1,763.6)	$ 0.5

- Definition

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

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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-2

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

+ Details

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

+ Details

Consolidated Condensed Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Income Statement [Abstract]
Net trade sales	$ 918.2	$ 1,022.1
Cost of goods sold	747.5	832.1
Gross profit	170.7	190.0
Selling and administrative expenses	121.5	123.6
Amortization of intangibles	3.6	5.0
Net gain on disposal of assets and businesses	(9.4)	(2.1)
Somnigroup International Inc. merger costs (See Note O)	3.5	0.0
Other expense (income), net	7.0	0.6
Earnings before interest and income taxes	44.5	62.9
Interest expense	14.5	18.8
Interest income	1.9	1.0
Earnings before income taxes	31.9	45.1
Income taxes	11.9	14.5
Net earnings	20.0	30.6
(Earnings) attributable to noncontrolling interest, net of tax	0.0	0.0
Net earnings attributable to Leggett & Platt, Inc. common shareholders	$ 20.0	$ 30.6
Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
Basic (in usd per share)	$ 0.14	$ 0.22
Diluted (in usd per share)	$ 0.14	$ 0.22
Weighted average shares outstanding
Basic (in shares)	139.3	137.8
Diluted (in shares)	141.0	138.6

Accounts and Other Receivables (Tables)

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

Schedule of Components of Accounts and Other Receivables

Accounts and other receivables consisted of the following:


	March 31, 2026				December 31, 2025
	Current		Long-term		Current		Long-term
Total trade receivables	$	504.9	$	—	$	453.4	$	.1
Allowance for doubtful accounts	(17.8)		—		(19.7)		—
Trade receivables, net	$	487.1	$	—	$	433.7	$	.1


Taxes receivable, including income taxes	$	6.2	$	—	$	8.0	$	—
Value-added taxes recoverable	11.7		—		11.8		—
Rebates receivable	3.3		—		5.9		—
Divestiture receivable	—		—		4.2		—
Other receivables	11.9		4.6		12.3		5.0

Other receivables, net	$	33.1	$	4.6	$	42.2	$	5.0

Schedule of Allowance for Doubtful Accounts

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


	Balance at December 31, 2025		Change in Provision		Less: Net Charge-offs/ (Recoveries) and Other		Balance at March 31, 2026




Allowance for doubtful accounts	$	19.7	$	2.2	$	4.1	$	17.8

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

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Earnings (Loss) Per Share

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


	Three Months Ended March 31,
	2026		2025
Net earnings
Net earnings	$	20.0	$	30.6
Earnings attributable to noncontrolling interest, net of tax	—		—


Net earnings attributable to Leggett & Platt, Inc. common shareholders	$	20.0	$	30.6

Weighted average number of shares (in millions)
Weighted average number of common shares used in basic EPS	139.3		137.8
Dilutive effect of stock-based compensation	1.7		.8
Weighted average number of common shares and dilutive potential common shares used in diluted EPS	141.0		138.6

Basic and diluted EPS



Basic EPS attributable to Leggett & Platt, Inc. common shareholders	$	.14	$	.22




Diluted EPS attributable to Leggett & Platt, Inc. common shareholders	$	.14	$	.22

Other information
Anti-dilutive shares excluded from diluted EPS computation	.8		.8

Cash dividends declared per share	$	.05	$	.05

Divestitures

3 Months Ended

Mar. 31, 2026

Discontinued Operations and Disposal Groups [Abstract]

Divestitures

On August 29, 2025, we divested our Aerospace Products Group (within our Specialized Products segment) for net cash proceeds of $280.3 and recognized a pretax gain of $90.9 after final adjustments for working capital were completed in December 2025.


	Three Months Ended March 31, 2025

External sales	$	53.0
Pretax earnings (excluding corporate overhead)	7.2

In March 2025, we divested a small U.S. machinery business within our Bedding Products segment which had immaterial amounts of annual external sales and pretax earnings. The net sales price was $1.2 and approximated the carrying cost of the business. This business divestiture was part of the 2024 Plan.

Restructuring and Related Activities (Tables)

3 Months Ended

Mar. 31, 2026

Restructuring and Related Activities [Abstract]

Schedule of Restructuring-Related Costs

The following table presents all 2024 Plan restructuring and restructuring-related activity, including impairments, for the periods presented:


	Total Approximate Amount Expected to be Incurred		Total Amount Incurred to Date Since January 1, 2024		Three Months Ended March 31, 2026		Total Amount Incurred in 2025		Total Amount Incurred in 2024

2024 Restructuring Plan activity:
Net cash restructuring and restructuring-related	$	40.0	$	39.2	$	.2	$	8.7	$	30.3
Net non-cash restructuring and restructuring-related	17.0		15.3		—		2.0		13.3
Total net restructuring and restructuring-related costs	57.0		54.5		.2		10.7		43.6
Long-lived asset and goodwill impairment costs	23.0		26.0		2.8		19.0		4.2
Total 2024 Restructuring Plan activity	$	80.0	$	80.5	$	3.0	$	29.7	$	47.8


	Total Approximate Amount Expected to be Incurred		Three Months Ended March 31, 2026

2026 Restructuring Plan activity:
Net cash restructuring and restructuring-related	$	10.0	$	.5
Net non-cash restructuring and restructuring-related	5.0		1.0


Total 2026 Restructuring Plan activity	$	15.0	$	1.5

The table below presents the restructuring and restructuring-related activity for the periods presented:


	Consolidated Condensed Statements of Operations Presentation	Three Months Ended March 31, 2026		Three Months Ended March 31, 2025
2024 Plan restructuring costs:
Termination benefits, relocation, and other restructuring costs	Other expense (income), net	$	.2	$	2.3
2024 Plan restructuring-related costs:
Inventory obsolescence and other	Cost of goods sold	—		.5
Professional services and other	Selling and administrative expenses	—		1.0

Net loss on disposal of assets and businesses	Net gain on disposal of assets and businesses	—		1.4
Total 2024 Plan restructuring-related costs		—		2.9
Total 2024 Plan net restructuring and restructuring-related costs		$	.2	$	5.2

2026 Plan restructuring costs:
Termination benefits, relocation, and other restructuring costs	Other expense (income), net	.5		—
2026 Plan restructuring-related costs:
Inventory obsolescence and other	Cost of goods sold	1.0		—




Total 2026 Plan net restructuring and restructuring-related costs		$	1.5	$	—

Other restructuring costs:
Termination benefits, relocation, and other restructuring costs 1	Other expense (income), net	$	.2	$	1.4
Other restructuring-related costs:
Inventory obsolescence and other	Cost of goods sold	.2		—




Total other net restructuring and restructuring-related costs		$	.4	$	1.4
Total net restructuring and restructuring-related costs		$	2.1	$	6.6

1 The three months ended March 31, 2025 represents cash charges for divestiture-related expenses associated with the sale of our Aerospace Products Group in August 2025, as discussed in Note L.

Net restructuring and restructuring-related 2024 Plan and 2026 Plan costs by segment were as follows:


	Three Months Ended March 31, 2026		Three Months Ended March 31, 2025
2024 Plan
Bedding Products	$	.2	$	3.1
Specialized Products	—		2.0
Furniture, Flooring & Textile Products	—		.1
Total net restructuring and restructuring-related costs	$	.2	$	5.2
2026 Plan
Bedding Products	$	1.5	$	—


Total net restructuring and restructuring-related costs	$	1.5	$	—

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating Activities
Net earnings	$ 20.0	$ 30.6
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	24.2	26.2
Amortization of intangibles and supply agreements	4.0	5.4
Long-lived asset impairment	2.8	0.3
Increase in provision for losses on accounts receivable	2.2	1.2
Write-down of inventories	3.2	4.5
Net gain from disposal of assets and businesses	(9.4)	(2.1)
Stock-based compensation	11.3	8.2
Other, net	3.8	(3.3)
Changes in working capital, excluding effects from acquisitions and divestitures:
Accounts and other receivables	(53.0)	(26.6)
Inventories	(45.7)	(12.4)
Other current assets	6.6	5.3
Accounts payable	(0.5)	(5.1)
Accrued expenses and other current liabilities	(25.6)	(25.4)
Net Cash (Used for) Provided by Operating Activities	(56.1)	6.8
Investing Activities
Additions to property, plant and equipment	(24.3)	(13.3)
Proceeds from disposal of Aerospace Products Group	4.2	0.0
Proceeds from disposals of assets and businesses	10.1	5.6
Other, net	(0.6)	1.6
Net Cash (Used for) Provided by Investing Activities	(10.6)	(6.1)
Financing Activities
Payments on long-term debt	0.0	(0.1)
Change in commercial paper and short-term debt	0.3	69.1
Dividends paid	(6.8)	(6.7)
Purchases of common stock	(3.4)	(2.0)
Other, net	(0.4)	(0.3)
Net Cash (Used for) Provided by Financing Activities	(10.3)	60.0
Effect of Exchange Rate Changes on Cash	0.1	1.7
(Decrease) Increase in Cash and Cash Equivalents	(76.9)	62.4
Cash and Cash Equivalents—January 1,	587.4	350.2
Cash and Cash Equivalents—March 31,	$ 510.5	$ 412.6

Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Financial Instruments at Fair Value


	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of March 31, 2026
Derivatives				Assets				Liabilities
				Other Current Assets		Sundry		Other Current Liabilities		Other Long-Term Liabilities
Designated as hedging instruments

Total cash flow hedges-currency hedges	Sep 2027	$	239.6	$	4.1	$	.3	$	.2	$	.1
Total fair value hedges	Sep 2026	123.6		.1		—		2.4		—
Not designated as hedging instruments	Jun 2026	62.1		—		—		.2		—
Total derivatives				$	4.2	$	.3	$	2.8	$	.1


	Expiring at various dates through:	Total USD Equivalent Notional Amount		As of December 31, 2025
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 2027	$	240.5	$	3.3	$	.3	$	.9	$	—
Total fair value hedges	Apr 2026	83.7		.7		—		—		—
Not designated as hedging instruments	Jun 2026	100.6		.2		—		.3		—
Total derivatives				$	4.2	$	.3	$	1.2	$	—

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


Derivatives	Consolidated Condensed Statements of Operations Presentation	Amount of Loss (Gain) Recorded in Income Three Months Ended March 31,
		2026		2025
Designated as hedging instruments

Interest rate cash flow hedges	Interest expense	$	(.1)	$	(.1)
Currency cash flow hedges	Net trade sales	(.1)		1.5
Currency cash flow hedges	Cost of goods sold	(.8)		(.3)

Total cash flow hedges		(1.0)		1.1
Fair value hedges	Other expense (income), net	2.1		(.1)

Not designated as hedging instruments	Other expense (income), net	(1.1)		3.0

Total derivative instruments		$	—	$	4.0

Income Taxes (Details) - China - State and Local Jurisdiction - USD ($) $ in Millions				3 Months Ended
	Apr. 08, 2026	Apr. 03, 2026	Jan. 26, 2026	Mar. 31, 2026
Income Tax Contingency [Line Items]
Tax settlements				$ 24.0
Tax and penalties			$ 12.0
Subsequent Event
Income Tax Contingency [Line Items]
Tax and penalties	$ 7.0	$ 5.0

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2026
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 13, 2026, Leggett & Platt and Somnigroup International Inc. (Somnigroup) announced that the companies have signed the Somnigroup Merger Agreement pursuant to which, subject to the terms and conditions of the Somnigroup Merger Agreement, Sparrow Unity Corporation, a Missouri corporation and a direct, wholly-owned subsidiary of Somnigroup, will merge with and into Leggett & Platt (the Somnigroup Merger), with Leggett & Platt surviving the Somnigroup Merger as a direct, wholly-owned subsidiary of Somnigroup. The Somnigroup Merger is an all-stock transaction. Under the terms of the Somnigroup Merger Agreement, Leggett & Platt shareholders will receive 0.1455 shares of common stock, par value $.01 per share, of Somnigroup in exchange for each share of common stock, par value $.01 per share, of Leggett & Platt they own. As a result of the transaction, Leggett & Platt’s shareholders will own approximately 9% of the combined company on a fully diluted basis. The Somnigroup Merger Agreement has been unanimously approved by each of the Board of Directors of Somnigroup and Leggett & Platt. The transaction is currently anticipated to close by year-end 2026, subject to the satisfaction of customary closing conditions, including approval by Leggett & Platt’s shareholders and receipt of certain governmental and regulatory approvals. The transaction does not require Somnigroup shareholder approval. As of March 31, 2026, we have incurred $6.9 of costs associated with this activity, of which $3.5 was incurred in the first three months of 2026.