| (Dollar amounts in millions, except per share data) | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|
| Total Shareholder Return, or TSR(1) | ||||||
| L&P 3-year TSR Rank among S&P 500 (1% is best) | 67% | 67% | 76% | 56% | 11% | 31% |
| Leggett & Platt - annual TSR | (9%) | 47% | (22%) | 1% | 20% | 1% |
| S&P 500 Index - annual TSR | 18% | 31% | (4%) | 22% | 12% | 1% |
| Summary of Continuing Operations | ||||||
| Trade sales |
$4,280
|
$4,753
|
$4,270
|
$3,944
|
$3,750
|
$3,917
|
| EBIT (earnings before interest and taxes) | 401 | 513 | 437 | 468 | 522 | 487 |
| Adjusted EBIT(2) | 446 | 529 | 473 | 468 | 492 | 510 |
| EBIT margin | 9.4% | 10.8% | 10.2% | 11.9% | 13.9% | 12.4% |
| Adjusted EBIT margin(2) | 10.4% | 11.1% | 11.1% | 11.9% | 13.1% | 13.0% |
| Summary of Earnings | ||||||
| Net earnings from continuing operations | 248 | 334 | 306 | 294 | 367 | 328 |
| Net earnings attributable to L&P | 248 | 334 | 306 | 293 | 386 | 325 |
| EPS (earnings per diluted share) from continuing operations | 1.82 | 2.47 | 2.26 | 2.14 | 2.62 | 2.27 |
| Adjusted EPS from continuing operations(2) | 2.13 | 2.57 | 2.48 | 2.46 | 2.49 | 2.36 |
| EPS (including discontinued operations) | 1.82 | 2.47 | 2.26 | 2.13 | 2.76 | 2.28 |
| Common Stock Data | ||||||
| Cash dividends declared per share | 1.60 | 1.58 | 1.50 | 1.42 | 1.34 | 1.26 |
| Dividend yield (based on stock price at start of year) | 3.1% | 4.4% | 3.1% | 2.9% | 3.2% | 3.0% |
| Dividend payout ratio(2) | 75% | 61% | 60% | 58% | 54% | 53% |
| End-of-year shares outstanding (millions) | 132.6 | 131.8 | 130.5 | 131.9 | 133.5 | 135.6 |
| Average diluted shares outstanding (millions) | 135.9 | 135.4 | 135.2 | 137.3 | 140.0 | 142.9 |
| Year-End Financial Position | ||||||
| Cash and cash equivalents |
$349
|
$248
|
$268
|
$526
|
$282
|
$253
|
| Total assets | 4,754 | 4,816 | 3,382 | 3,551 | 2,984 | 2,964 |
| Long-term debt + current debt maturities | 1,900 | 2,118 | 1,169 | 1,252 | 960 | 945 |
| Equity | 1,390 | 1,313 | 1,158 | 1,191 | 1,094 | 1,098 |
| Debt to adjusted EBITDA(2) | 2.9x | 2.9x | 1.9x | 2.1x | 1.6x | 1.5x |
| Return on invested capital(2) | 10.9% | 15.3% | 18.9% | 19.7% | 21.1% | 20.6% |
| Cash Flow Components | ||||||
| Net cash provided by operating activities |
$603
|
$668
|
$440
|
$444
|
$553
|
$359
|
| Dividends paid | 212 | 205 | 194 | 186 | 177 | 172 |
| Capital expenditures | 66 | 143 | 160 | 159 | 124 | 103 |
| Acquisitions, net of cash acquired | - | 1,265 | 109 | 39 | 30 | 11 |
| Stock repurchases, net | 9 | 7 | 108 | 155 | 193 | 183 |