Leggett & Platt (LEG) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Oct. 26, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-07845
Entity Registrant Name	LEGGETT & PLATT, INC
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	44-0324630
Entity Address, Address Line One	No. 1 Leggett Road
Entity Address, City or Town	Carthage,
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	64836
City Area Code	417
Local Phone Number	358-8131
Title of 12(b) Security	Common Stock, $.01 par value
Ticker 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		132,518,915
Entity Central Index Key	0000058492
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
CURRENT ASSETS
Cash and cash equivalents	$ 245	$ 247.6
Trade receivables, net	621.8	564.4
Other receivables, net	20.5	27.5
Total receivables, net	642.3	591.9
Total inventories, net	585.3	636.7
Prepaid expenses and other current assets	45.7	61.9
Total current assets	1,518.3	1,538.1
PROPERTY, PLANT AND EQUIPMENT—AT COST
Machinery and equipment	1,380.1	1,388.8
Buildings and other	729.1	719
Land	43	43.5
Total property, plant and equipment	2,152.2	2,151.3
Less accumulated depreciation	1,366.5	1,320.5
Net property, plant and equipment	785.7	830.8
OTHER ASSETS
Goodwill	1,380.3	1,406.3
Other intangibles, less accumulated amortization of $257.3 and $222.3 as of September 30, 2020 and December 31, 2019, respectively	714.6	764
Operating lease right-of-use assets	164.4	158.8
Sundry	100.5	118.4
Total other assets	2,359.8	2,447.5
TOTAL ASSETS	4,663.8	4,816.4
CURRENT LIABILITIES
Current maturities of long-term debt	51.1	51.1
Current portion of operating lease liabilities	41.9	39.3
Accounts payable	494.1	463.4
Accrued expenses	270.7	281
Other current liabilities	89.6	93.3
Total current liabilities	947.4	928.1
LONG-TERM LIABILITIES
Long-term debt	1,909.1	2,066.5
Operating lease liabilities	125.3	121.6
Other long-term liabilities	177.4	173.5
Deferred income taxes	204.6	214.2
Total long-term liabilities	2,416.4	2,575.8
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock	2	2
Additional contributed capital	539	536.1
Retained earnings	2,713.5	2,734.5
Accumulated other comprehensive loss	(87.4)	(76.8)
Treasury stock	(1,867.6)	(1,883.8)
Total Leggett & Platt, Inc. equity	1,299.5	1,312
Noncontrolling interest	0.5	0.5
Total equity	1,300	1,312.5
TOTAL LIABILITIES AND EQUITY	$ 4,663.8	$ 4,816.4

CONSOLIDATED CONDENSED BALANC_2

CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Accumulated amortization	$ 257.3	$ 222.3

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Net trade sales	$ 1,207.6	$ 1,239.3	$ 3,098.2	$ 3,607.6
Cost of goods sold	940.8	963.8	2,462.3	2,829.4
Gross profit	266.8	275.5	635.9	778.2
Selling and administrative expenses	105.6	115.2	320.6	352.1
Amortization of intangibles	16.2	16.3	48.9	47.3
Impairments	0	1.4	29.4	5.7
Net gain from sale of assets and businesses	(2.1)	(3)	(2.5)	(4.8)
Other (income) expense, net	(0.2)	1.5	(11.3)	(0.4)
Earnings before interest and income taxes	147.3	144.1	250.8	378.3
Interest expense	20.9	22.6	63.2	68.5
Interest income	0.5	1.5	2.4	5.5
Earnings before income taxes	126.9	123	190	315.3
Income taxes	22	23.4	45.5	68.3
Net earnings	104.9	99.6	144.5	247
(Earnings) attributable to noncontrolling interest, net of tax	(0.1)	0	(0.1)	0
Net earnings attributable to Leggett & Platt, Inc. common shareholders	$ 104.8	$ 99.6	$ 144.4	$ 247
Net earnings per share attributable to Leggett & Platt, Inc. common shareholders
Basic (in dollars per share)	$ 0.77	$ 0.74	$ 1.06	$ 1.83
Diluted (in dollars per share)	$ 0.77	$ 0.74	$ 1.06	$ 1.83
Weighted average shares outstanding
Basic (in shares)	135.8	134.9	135.6	134.7
Diluted (in shares)	136.1	135.4	135.8	135.2

CONSOLIDATED CONDENSED STATEM_2

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 104.9	$ 99.6	$ 144.5	$ 247
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	26	(32.9)	(13.7)	(23.1)
Cash flow hedges	3.4	(1.2)	0.8	3.4
Defined benefit pension plans	0.4	0.5	2.2	1.5
Other comprehensive income (loss)	29.8	(33.6)	(10.7)	(18.2)
Comprehensive income	134.7	66	133.8	228.8
Add: comprehensive (earnings) attributable to noncontrolling interest	(0.1)	0	0	0
Comprehensive income attributable to Leggett & Platt, Inc.	$ 134.6	$ 66	$ 133.8	$ 228.8

CONSOLIDATED CONDENSED STATEM_3

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
OPERATING ACTIVITIES
Net earnings	$ 144.5	$ 247
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	88.8	87.9
Amortization of intangibles and supply agreements	52.2	56.8
Long-lived asset impairments	4	5.7
Goodwill impairment	25.4	0
Provision for losses on accounts and notes receivable	19.4	2.3
Writedown of inventories	8.3	7.9
Deferred income tax (benefit) expense	(12.6)	5.5
Stock-based compensation	20.6	23.9
Other, net	10.6	0.2
Increases/decreases in, excluding effects from acquisitions and divestitures:
Accounts and other receivables	(69.8)	(45.4)
Inventories	38.5	47.5
Other current assets	6.4	(0.4)
Accounts payable	38.1	(30.2)
Accrued expenses and other current liabilities	9.4	7.9
NET CASH PROVIDED BY OPERATING ACTIVITIES	383.8	416.6
INVESTING ACTIVITIES
Additions to property, plant and equipment	(52.3)	(103)
Purchases of companies, net of cash acquired	0	(1,244.3)
Proceeds from sales of assets and businesses	6	5.3
Other, net	7.7	(7.5)
NET CASH USED FOR INVESTING ACTIVITIES	(38.6)	(1,349.5)
FINANCING ACTIVITIES
Additions to long-term debt	0	993.3
Payments on long-term debt	(97.5)	(25.1)
Change in commercial paper and short-term debt	(67.2)	106.3
Dividends paid	(158.5)	(152)
Issuances of common stock	1.1	7.4
Purchases of common stock	(10.1)	(11.8)
Additional consideration paid on prior year acquisitions	(8.4)	(1.1)
Other, net	(4.4)	(2.6)
NET CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(345)	914.4
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(2.8)	(7.6)
DECREASE IN CASH AND CASH EQUIVALENTS	(2.6)	(26.1)
CASH AND CASH EQUIVALENTS—January 1,	247.6	268.1
CASH AND CASH EQUIVALENTS—September 30,	$ 245	$ 242

INTERIM PRESENTATION

INTERIM PRESENTATION	9 Months Ended
	Sep. 30, 2020
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, 2019 financial position data included herein was derived from the audited consolidated financial statements, but does not include all disclosures required by GAAP. Reclassifications Certain reclassifications have been made to the prior period's information in the Notes to the Consolidated Condensed Financial Statements to conform to the 2020 segment reporting changes in our management structure and all related internal reporting (See Note 4 - Segment Information). These reclassifications did not impact our consolidated earnings or assets of the company, and all prior periods presented have been restated to conform with these changes.

ACCOUNTING STANDARDS UPDATES

ACCOUNTING STANDARDS UPDATES	9 Months Ended
	Sep. 30, 2020
Accounting Changes and Error Corrections [Abstract]
ACCOUNTING STANDARDS UPDATES	ACCOUNTING STANDARDS UPDATES The Financial Accounting Standards Board (FASB) regularly issues updates to the FASB Accounting Standards Codification that are communicated through issuance of an Accounting Standards Update (ASU). Below is a summary of the ASUs, effective for current or future periods, most relevant to our financial statements. Adopted in 2020: • On January 1, 2020, we adopted ASU 2016-13 “Financial Instruments—Credit Losses” (Topic 326) as discussed in Note 7 . • ASU 2017-04 “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. We adopted this ASU on January 1, 2020. This ASU simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. The annual goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount, and an impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit's fair value up to the total amount of goodwill for the reporting unit. We applied this guidance to our annual goodwill impairment testing completed in the second quarter of 2020 as discussed in Note 5 . • ASU 2018-15 “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force)”. We adopted this ASU on January 1, 2020. This ASU aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The adoption of this ASU did not materially impact our financial statements. To be adopted in future years: • ASU 2019-12 “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes”: This ASU will be effective January 1, 2021 and is a part of the FASB overall simplification initiative. We are currently evaluating this guidance. The FASB has issued accounting guidance, in addition to the issuance discussed above, effective for current and future periods. This guidance did not have a material impact on our current financial statements, and we do not believe it will have a material impact on our future financial statements.

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Performance Obligations and Shipping and Handling Costs We recognize revenue when performance obligations under the terms of a contract with our customers are satisfied. Substantially all of our revenue is recognized upon transfer of control of our products to our customers, which is generally upon shipment from our facilities or upon delivery to our customers' facilities and is dependent on the terms of the specific contract. This conclusion considers the point at which our customers have the ability to direct the use of and obtain substantially all of the remaining benefits of the products that are transferred. Substantially all unsatisfied performance obligations as of September 30, 2020, will be satisfied within one year or less. Shipping and handling costs are included as a component of "Cost of goods sold". Sales, value added, and other taxes collected in connection with revenue-producing activities are excluded from revenue. Sales Allowances and Returns The amount of consideration we receive and revenue we recognize varies with changes in various sales allowances, discounts and rebates (variable consideration) that we offer to our customers. We reduce revenue by our estimates of variable consideration based on contract terms and historical experience. Changes in estimates of variable consideration for the periods presented were not material. Some of our products transferred to customers can be returned, and we recognize the following for this right: • An estimated refund liability and a corresponding reduction to revenue based on historical returns experience. • An asset and a corresponding reduction to cost of sales for our right to recover products from customers upon settling the refund liability. We reduce the carrying amount of these assets by estimates of costs associated with the recovery and any additional expected reduction in value. Our refund liability and the corresponding asset associated with our right to recover products from our customers were immaterial for the periods presented. Other We expect that at contract inception, the time period between when we transfer a promised good to our customer and our receipt of payment from that customer for that good will be one year or less (our typical trade terms are 30 to 60 days for U.S. customers and up to 90 days for our international customers). We generally expense costs of obtaining a contract because the amortization period would be one year or less. Revenue by Product Line We disaggregate revenue by customer group, which is the same as our product lines 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 new segment structure, see Note 4. Nine Months Ended September 30, Three Months Ended September 30, 2020 2019 2020 2019 Bedding Products Bedding group $ 1,491.0 $ 1,724.1 $ 589.8 $ 601.4 Specialized Products Automotive group 487.1 607.6 207.9 209.6 Aerospace Products group 79.8 116.3 19.6 36.2 Hydraulic Cylinders group 51.3 73.2 15.4 21.4 618.2 797.1 242.9 267.2 Furniture, Flooring & Textile Products Home Furniture group 220.6 264.6 89.6 86.3 Work Furniture group 168.3 224.8 59.3 77.1 Flooring & Textile Products group 600.1 597.0 226.0 207.3 989.0 1,086.4 374.9 370.7 $ 3,098.2 $ 3,607.6 $ 1,207.6 $ 1,239.3

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Our reportable segments are the same as our operating segments, which also correspond with our management organizational structure. To reflect how we manage our newly aligned businesses and in conjunction with the change in executive officer leadership, our management organizational structure and all related internal reporting changed effective January 1, 2020. As a result, our segment reporting has changed to reflect the new structure. This segment change was retrospectively applied to all prior periods presented. The new Bedding Products segment consists of the former Residential Products and Industrial Products segments, plus the Consumer Products Group (which is renamed the Adjustable Bed business unit), minus the Fabric & Flooring Products Group (which is renamed the Flooring & Textile Products Group). The new Furniture, Flooring & Textile Products segment consists of the former Furniture Products segment, plus the Fabric & Flooring Products Group (which is renamed the Flooring & Textile Products Group) minus the Consumer Products Group (which is renamed the Adjustable Bed business unit). Our Specialized Products segment was not changed. We have three operating segments that supply a wide range of products: • Bedding Products: This segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private-label finished mattresses for bedding brands, and adjustable bed bases. This segment is also backwardly integrated into the production and supply of specialty foam chemicals, steel rod and drawn steel wire to our own operations and to external customers. Our trade customers for wire make mechanical springs and many other end products. • Specialized Products: From this segment, we supply lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. We also produce and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. • Furniture, Flooring & Textile Products: Operations in this segment supply a wide range of components for residential and work furniture manufacturers, as well as select lines of private-label finished furniture. We also produce or distribute carpet cushion, hard surface flooring underlayment, and textile and geo components. Each reportable segment has an executive vice president who has accountability to and maintains regular contact with our chief executive officer, who is the chief operating decision maker (CODM). The operating results and financial information reported through the segment structure are regularly reviewed and used by the CODM to evaluate segment performance, allocate overall resources and determine management incentive compensation. The accounting principles used in the preparation of the segment information are the same as those used for the consolidated financial statements. We evaluate performance based on Earnings Before Interest and Taxes (EBIT). Intersegment sales are made primarily at prices that approximate market-based selling prices. Centrally incurred costs are allocated to the segments based on estimates of services used by the segment. Certain of our general and administrative costs and miscellaneous corporate income and expenses are allocated to the segments based on sales or other appropriate metrics. These allocated corporate costs include depreciation and other costs and income related to assets that are not allocated or otherwise included in the segment assets. A summary of segment results from continuing operations is shown in the following tables. Trade 1 Sales Inter- Total EBIT Depreciation and Amortization Three Months Ended September 30, 2020 Bedding Products $ 589.8 $ 10.0 $ 599.8 $ 73.6 $ 26.6 Specialized Products 242.9 .8 243.7 32.7 10.7 Furniture, Flooring & Textile Products 374.9 2.8 377.7 41.7 6.3 Intersegment eliminations and other 3 (.7) 3.4 $ 1,207.6 $ 13.6 $ 1,221.2 $ 147.3 $ 47.0 Three Months Ended September 30, 2019 Bedding Products $ 601.4 $ 10.8 $ 612.2 $ 70.7 $ 27.5 Specialized Products 267.2 .9 268.1 44.4 10.4 Furniture, Flooring & Textile Products 370.7 3.6 374.3 29.3 6.4 Intersegment eliminations and other 3 (.3) 4.1 $ 1,239.3 $ 15.3 $ 1,254.6 $ 144.1 $ 48.4 Trade 1 Sales Inter- Total EBIT Depreciation and Amortization Nine Months Ended September 30, 2020 Bedding Products $ 1,491.0 $ 23.6 $ 1,514.6 $ 122.2 $ 79.7 Specialized Products 2 618.2 2.0 620.2 40.7 32.5 Furniture, Flooring & Textile Products 989.0 10.5 999.5 91.6 19.1 Intersegment eliminations and other 3, 4 (3.7) 9.7 $ 3,098.2 $ 36.1 $ 3,134.3 $ 250.8 $ 141.0 Nine Months Ended September 30, 2019 Bedding Products $ 1,724.1 $ 31.2 $ 1,755.3 $ 178.3 $ 80.5 Specialized Products 797.1 2.5 799.6 121.6 31.0 Furniture, Flooring & Textile Products 1,086.4 11.9 1,098.3 79.2 19.7 Intersegment eliminations and other 3 (.8) 13.5 $ 3,607.6 $ 45.6 $ 3,653.2 $ 378.3 $ 144.7 1 See Note 3 for revenue by product line. 2 2020 EBIT: Includes $25.4 of goodwill impairment for the Hydraulic Cylinders unit as discussed in Note 5. 3 Depreciation and Amortization: Other relates to non-operating assets (assets not included in segment assets) and is allocated to segment EBIT as discussed above. 4 2020 EBIT: Other includes a charge to write off stock associated with a prior year divestiture that filed bankruptcy in 2020. Average assets for our segments are shown in the table below and reflect the basis for return measures used by management to evaluate segment performance. These segment totals include working capital (all current assets and current liabilities) plus net property, plant and equipment. Segment assets for all years are reflected at their estimated average for the periods presented. September 30, December 31, Bedding Products $ 756.7 $ 816.9 Specialized Products 301.7 346.4 Furniture, Flooring & Textile Products 355.4 383.2 Average current liabilities included in segment numbers above 629.4 735.3 Unallocated assets 1 2,592.4 2,662.7 Difference between average assets and period-end balance sheet 28.2 (128.1) Total assets $ 4,663.8 $ 4,816.4

IMPAIRMENT CHARGES

IMPAIRMENT CHARGES	9 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
IMPAIRMENT CHARGES	Impairment charges (pretax) are reported in “Impairments” in the Consolidated Condensed Statements of Operations and are summarized in the following table: Nine Months Ended September 30, Three Months Ended September 30, 2020 2019 2020 2019 Goodwill Impairment Other Long-Lived Assets Impairments Total Impairments Other Long-Lived Assets Impairments Goodwill Impairment Other Long-Lived Assets Impairments Total Impairments Other Long-Lived Assets Impairments Bedding Products $ — $ .3 $ .3 $ 4.3 $ — $ — $ — $ .8 Specialized Products 25.4 — 25.4 — — — — — Furniture, Flooring & Textile Products — .2 .2 1.4 — — — .6 Unallocated 1 — 3.5 3.5 — — — — — Total impairment charges $ 25.4 $ 4.0 $ 29.4 $ 5.7 $ — $ — $ — $ 1.4 1 This is a charge to write off stock associated with a prior year divestiture that filed bankruptcy in 2020. Goodwill Impairment Testing We test goodwill for impairment at the reporting unit level (the business groups that are one level below the operating segments) when triggering events occur, or at least annually. We perform our annual goodwill impairment testing in the second quarter. The 2019 goodwill impairment testing indicated no impairments. The 2020 goodwill impairment testing resulted in a $25.4 non-cash goodwill impairment charge in the second quarter of 2020 with respect to our Hydraulic Cylinders reporting unit, which is a part of the Specialized Products segment. Demand for hydraulic cylinders is dependent upon capital spending for material handling equipment. We began seeing some market softness in the industries served by this reporting unit in 2019, and the fair value of this reporting unit exceeded its carrying value by 29% at December 31, 2019. The impairment charge reflects the complete write-off of the goodwill associated with the Hydraulic Cylinders reporting unit and will not result in future cash expenditures. Although we do not believe that a triggering event related to the impairment of goodwill or other long-lived assets occurred in the first quarter of 2020, the anticipated longer-term economic impacts of COVID-19 lowered expectations of future revenue and profitability causing its fair value to fall below its carrying value. We concluded on July 30, 2020, as part of our normal second quarter 2020 annual goodwill impairment testing and in connection with the preparation and review of the second quarter 2020 financial statements, that an impairment charge was required with respect to this reporting unit. We also evaluated other long-lived assets associated with this unit for impairment; no impairments were indicated other than goodwill. The information below excludes Hydraulic Cylinders, as this unit had no goodwill remaining after the second quarter 2020 impairment. The fair values of our reporting units in relation to their respective carrying values and significant assumptions used are presented in the tables below. In general, fair values for our reporting units decreased versus last year due to COVID-19 impacts on future cash flows. If actual results differ materially from estimates used in these calculations, we could incur future impairment charges. 2020 Fair Value over Carrying Value divided by Carrying Value September 30, 2020 Goodwill Value 10-year Compound Annual Growth Rate Range for Sales Terminal Values Long-term Growth Rate for Debt-Free Cash Flow Discount Rate Ranges Less than 50% 1 $ 96.1 2.1% 3 % 9.0% 50% - 100% 2 914.3 2.0 - 3.6 3 9.0 - 10.0 101% - 300% 246.1 1.6 - 1.7 3 8.5 - 9.5 301% - 600% 123.8 6.7 3 9.0 $ 1,380.3 1.6% - 6.7% 3 % 8.5% - 10.0% 2019 Fair Value over Carrying Value divided by Carrying Value December 31, 2019 Goodwill Value 10-year Compound Annual Growth Rate Range for Sales Terminal Values Long-term Growth Rate for Debt-Free Cash Flow Discount Rate Ranges Less than 50% 3 $ 26.0 5.8% 3 % 8.0% 50% - 100% 2 855.9 3.8 3 8.5 - 9.5 101% - 300% 400.9 1.3 - 5.5 3 7.5 - 8.0 301% - 600% 123.5 11.1 3 8.5 $ 1,406.3 1.3% - 11.1% 3 % 7.5% - 9.5% 1 This category includes one reporting unit, Work Furniture, which had fair value exceeding its carrying value by 25% at September 30, 2020 as compared to 126% in 2019. 2 This category includes two reporting units for 2020 and the Bedding reporting unit for 2019. • The fair value of our Bedding reporting unit exceeded its carrying value by 68% at September 30, 2020 as compared to 85% in 2019. This unit had $855.1 of goodwill at September 30, 2020. • The fair value of our Aerospace reporting unit exceeded its carrying value by 51% at September 30, 2020 as compared to 139% in 2019. This unit had $59.2 of goodwill at September 30, 2020. 3 This category consisted of the Hydraulic Cylinders reporting unit which had fair value exceeding its carrying value by 29% at December 31, 2019.

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (EPS)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE (EPS)	EARNINGS PER SHARE (EPS) Basic and diluted earnings per share were calculated as follows: Nine Months Ended Three Months Ended 2020 2019 2020 2019 Net earnings Net earnings $ 144.5 $ 247.0 $ 104.9 $ 99.6 (Earnings) attributable to noncontrolling interest, net of tax (.1) — (.1) — Net earnings attributable to Leggett & Platt, Inc. common shareholders $ 144.4 $ 247.0 $ 104.8 $ 99.6 Weighted average number of shares (in millions): Weighted average number of common shares used in basic EPS 135.6 134.7 135.8 134.9 Dilutive effect of stock-based compensation .2 .5 .3 .5 Weighted average number of common shares and dilutive potential common shares used in diluted EPS 135.8 135.2 136.1 135.4 Basic and Diluted EPS: Basic EPS attributable to Leggett & Platt common shareholders $ 1.06 $ 1.83 $ .77 $ .74 Diluted EPS attributable to Leggett & Platt common shareholders $ 1.06 $ 1.83 $ .77 $ .74 Other information: Anti-dilutive shares excluded from diluted EPS computation .3 .2 .2 .2 Cash dividends declared per share $ 1.20 $ 1.18 $ .40 $ .40

ACCOUNTS AND OTHER RECEIVABLES

ACCOUNTS AND OTHER RECEIVABLES	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
ACCOUNTS AND OTHER RECEIVABLES	ACCOUNTS AND OTHER RECEIVABLES Initial adoption of new ASU Effective January 1, 2020, we adopted ASU 2016-13 The cumulative effect of applying Topic 326 to our Consolidated Condensed Balance Sheet was as follows: Balance at December 31, 2019 as Previously Reported Topic 326 Adjustments Balance at January 1, 2020 Trade receivables, net 1 $ 564.4 $ (3.3) $ 561.1 Other current assets 973.7 — 973.7 Property, plant and equipment 830.8 — 830.8 Other assets 2,447.5 — 2,447.5 Total assets $ 4,816.4 $ (3.3) $ 4,813.1 Current liabilities $ 928.1 $ — $ 928.1 Long-term liabilities 2 2,575.8 (.8) 2,575.0 Retained earnings 2,734.5 (2.5) 2,732.0 Other equity (1,422.0) — (1,422.0) Total assets $ 4,816.4 $ (3.3) $ 4,813.1 1 This adjustment is to increase our allowance for doubtful accounts for estimated expected credit losses on trade receivables over their contractual life. 2 This adjustment is to reflect a decrease in deferred income tax liability as a result of the change in the allowance for doubtful accounts. Trade receivables are recorded at the invoiced amount and generally do not bear interest. Credit is also occasionally extended in the form of a note receivable to facilitate our customers' operating cycles. Other notes receivable are established in special circumstances, such as in partial payment for the sale of a business or to support other business opportunities. Other notes receivable generally bear interest at market rates commensurate with the corresponding credit risk on the date of the origination. To determine our allowance for doubtful accounts under the new guidance, we are utilizing a pool approach to group our receivables with similar risk characteristics. Our pools correspond with our business units, which generally have similar terms, industry-specific conditions, and historical or expected loss patterns. Reserves are established for each pool based on their level of risk exposure. When credit deterioration occurs on a specific customer within a pool, we evaluate the receivable separately to estimate the expected credit loss based on the specific risk characteristics. Management reviews individual accounts and pools for factors such as the length of time that receivables are past due, the financial health of the companies involved, industry and macroeconomic considerations, and historical loss experience. A qualitative reserve is also established for any current macroeconomic conditions or reasonable and supportable forecasts that could impact the expected collectibility of all or a portion of our receivables portfolio. Account balances are charged against the allowance when it is probable the receivable will not be recovered. Interest income is not recognized for nonperforming accounts that are placed on nonaccrual status. For accounts on nonaccrual status, any interest payments received are applied against the balance of the nonaccrual account. Accounts and other receivables consisted of the following: September 30, 2020 December 31, 2019 Current Long-term Current Long-term Trade accounts receivable 1 $ 642.6 $ — $ 571.8 $ — Trade notes receivable 1.2 .4 1.1 .6 Total trade receivables 643.8 .4 572.9 .6 Other notes receivable 1 — 23.0 — 23.4 Taxes receivable, including income taxes 11.3 — 15.8 — Other receivables 9.2 — 11.7 — Subtotal other receivables 20.5 23.0 27.5 23.4 Total trade and other receivables 664.3 23.4 600.4 24.0 Allowance for doubtful accounts: Trade accounts receivable 1,2 (22.0) — (8.4) — Trade notes receivable — — (.1) — Total trade receivables (22.0) — (8.5) — Other notes receivable 1 — (23.0) — (15.0) Total allowance for doubtful accounts (22.0) (23.0) (8.5) (15.0) Total net receivables $ 642.3 $ .4 $ 591.9 $ 9.0 1 The “Trade accounts receivable” and “Other notes receivable” line items above include $25.0 and $26.0 as of September 30, 2020 and December 31, 2019, respectively, from a customer in our Bedding Products segment who is experiencing financial difficulty and liquidity problems. This customer was placed on nonaccrual status in 2018, and became delinquent in quarterly interest payments in the first quarter of 2020. As a result, we increased and fully reserved the balances for this customer in the first quarter of 2020. The reserve for this customer was $25.0 ($23.0 for the note and $2.0 for the trade receivable) at September 30, 2020, and $16.0 ($15.0 for the note and $1.0 for the trade receivable) at December 31, 2019. 2 The impacts of the COVID-19 pandemic have adversely impacted the operations of many of our customers, which have and could further impact their ability to pay their debts to us. As a result, we increased the reserves on "Trade accounts receivable" to reflect this increased collectibility risk. Activity related to the allowance for doubtful accounts is reflected below: Balance at December 31, 2019 Topic 326 Adjustment Balance at January 1, 2020 Add: Less: Balance at September 30, 2020 Trade accounts receivable $ 8.4 $ 3.3 $ 11.7 $ 11.5 $ 1.2 $ 22.0 Trade notes receivable .1 — .1 (.1) — — Total trade receivables 8.5 3.3 11.8 11.4 1.2 22.0 Other notes receivable 15.0 — 15.0 8.0 — 23.0 Total allowance for doubtful accounts $ 23.5 $ 3.3 $ 26.8 $ 19.4 $ 1.2 $ 45.0

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The following tables recap the components of stock-based and stock-related compensation for each period presented: Nine Months Ended Nine Months Ended To be settled with stock To be settled in cash To be settled with stock To be settled in cash Stock-based retirement plans contributions 1 $ 1.9 $ .5 $ 2.6 $ .5 Discounts on various stock awards: Deferred Stock Compensation Program 1.6 — 1.6 — Stock-based retirement plans .9 — .9 — Discount Stock Plan .7 — .8 — Performance Stock Unit (PSU) awards: 2 2018 and later PSU - TSR based 2A 2.4 (.5) 2.2 1.5 2018 and later PSU - EBIT CAGR based 2B (1.8) (1.9) 2.7 3.1 2017 and prior PSU awards 2C — .1 1.3 .2 Restricted Stock Unit (RSU) awards 3 6.1 — 1.5 — Other, primarily non-employee directors restricted stock .9 — .9 — Total stock-related compensation expense (income) 12.7 $ (1.8) 14.5 $ 5.3 Employee contributions for above stock plans 7.9 9.4 Total stock-based compensation $ 20.6 $ 23.9 Tax benefits on stock-based compensation expense $ 3.0 $ 3.4 Tax benefits on stock-based compensation payments 2.2 3.5 Total tax benefits associated with stock-based compensation $ 5.2 $ 6.9 Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 To be settled with stock To be settled in cash To be settled with stock To be settled in cash Stock-based retirement plans contributions 1 $ 1.9 $ .3 $ 1.1 $ .2 Discounts on various stock awards: Deferred Stock Compensation Program .7 — .5 — Stock-based retirement plans .5 — .4 — Discount Stock Plan .2 — .2 — Performance Stock Unit (PSU) awards: 2 2018 and later PSU - TSR based 2A .7 1.3 .7 .8 2018 and later PSU - EBIT CAGR based 2B .1 .5 — .3 2017 and prior PSU awards 2C — — .4 .4 Restricted Stock Unit (RSU) awards 3 .7 — .5 — Other, primarily non-employee directors restricted stock .2 — .4 — Total stock-related compensation expense 5.0 $ 2.1 4.2 $ 1.7 Employee contributions for above stock plans 2.7 3.2 Total stock-based compensation $ 7.7 $ 7.4 Tax benefits on stock-based compensation expense $ 1.2 $ 1.0 Tax benefits on stock-based compensation payments .5 1.2 Total tax benefits associated with stock-based compensation $ 1.7 $ 2.2 1 Stock-Based Retirement Plans Participant contributions: Participants in the Executive Stock Unit Program may contribute up to 10% (depending on certain qualifications) of their compensation above the threshold. Participant contributions are credited to a diversified investment account established for the participant, and are paid out in cash upon distribution from the program. Company contributions: The first 50% match is automatic, and a second 50% match is made if certain profitability levels are obtained. Matching contributions to the plan, including dividend equivalents, are used to acquire stock units. Stock units are converted to common stock at a 1-to-1 ratio upon distribution from the program. 2 PSU Awards 2020 Changes to the PSU and RSU awards In November 2019, the Compensation Committee approved changes to our PSU and RSU award programs for 2020. Changes to the plans for executive officers are as follows: • Two-thirds of the target award value—granted as PSUs based on relative TSR and EBIT CAGR over a three-year performance period. • One-third of the target award value—granted as RSUs vesting in one-third increments over three years. During 2019, PSU awards were based on two equal measures: (i) Relative Total Shareholder Return (TSR = (Change in Stock Price + Dividends) ÷ Beginning Stock Price) and (ii) EBIT Compound Annual Growth Rate (EBIT CAGR). These components are discussed below. We intend to pay 50% in shares of our common stock and 50% in cash; although, we reserve the right, subject to Compensation Committee approval, to pay up to 100% in cash. 2A 2018 and later PSU - TSR based Most of the 2018 and later PSU awards are based 50% upon our TSR compared to a peer group. A small number of PSU awards are based 100% upon relative TSR for certain business unit employees to complement their particular mix of incentive compensation. Grant date fair values are calculated using a Monte Carlo simulation of stock and volatility data for Leggett and each of the peer companies. Grant date fair values are amortized using the straight-line method over the three-year vesting period. The relative TSR vesting condition of the 2018 and later PSU awards contains the following conditions: • A service requirement—Awards generally “cliff” vest three years following the grant date; and • A market condition—Awards are based on our TSR as compared to the TSR of a group of peer companies. The peer group consists of all the companies in the Industrial, Materials and Consumer Discretionary sectors of the S&P 500 and S&P Midcap 400 (approximately 300 companies). Participants will earn from 0% to 200% of the base award depending upon how our TSR ranks within the peer group at the end of the three-year performance period. 2B 2018 and later PSU - EBIT CAGR based Most of the 2018 and later PSU awards are based 50% upon our or the applicable segment's EBIT CAGR. Grant date fair values are calculated using the grant date stock price discounted for dividends over the vesting period. Expense is adjusted every quarter over the three-year vesting period based on the number of shares expected to vest. The EBIT CAGR portion of these awards contains the following conditions: • A service requirement—Awards generally “cliff” vest three years following the grant date; and • A performance condition—Awards are based on achieving specified EBIT CAGR performance targets for our or the applicable segment's EBIT during the third year of the performance period compared to the EBIT during the fiscal year immediately preceding the performance period. Participants will earn from 0% to 200% of the base award. In connection with the decision to move a significant portion of the long-term incentive opportunity from a two-year to a three-year performance period by eliminating PGI awards, in February 2018, we also granted participants a one-time transition PSU award, based upon EBIT CAGR over a two-year performance period. This award was paid in the first quarter 2020. Average payout percentage of base award was 114%, and the number of shares paid was .1. The cash portion payout was $4.1. 2C 2017 and prior PSU Awards The 2017 and prior PSU awards were based solely on relative TSR. Vesting conditions were the same as (2A) above other than the maximum payout of 175% of the base award. The 2017 PSU award was paid out in the first quarter of 2020 as presented below. Below is a summary of the number of shares and related grant date fair value of PSU’s for the periods presented: Nine Months Ended September 30, 2020 2019 TSR based Total shares base award .1 .1 Grant date per share fair value $ 38.23 $ 57.86 Risk-free interest rate 1.4 % 2.4 % Expected life in years 3.0 3.0 Expected volatility (over expected life) 24.0 % 21.5 % Expected dividend yield (over expected life) 3.6 % 3.4 % EBIT CAGR based Total shares base award .1 .1 Grant date per share fair value $ 40.52 $ 39.98 Vesting period in years 3.0 3.0 Three-Year Performance Cycle Award Year Completion Date TSR Performance Payout as a Number of Shares Cash Portion Distribution Date 2016 December 31, 2018 78th percentile —% — $ — First quarter 2019 2017 December 31, 2019 63rd percentile 49.0% .1 million $ 1.6 First quarter 2020 3 RSU Awards The RSU terms and conditions have been amended so that those who retire (1) after age 65 or (2) after the date where the participant’s age plus years of service are greater than or equal to 70 years, will continue to receive shares that will vest after the retirement date. Expense associated with these retirement-eligible employees will be recognized immediately at the RSU grant date. For those employees who become retirement eligible after the grant date, any remaining expense associated with those RSUs will be recognized at the date the employee meets the retirement-eligible criteria. For more information on the 2020 RSU award changes see the PSU section above.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS The following table contains the estimated fair values (using inputs as discussed in Note 13 ) of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions during the periods presented. Of the goodwill included in the table below, $127.3 is expected to be deductible for tax purposes. Nine Months Ended September 30, 2019 Accounts receivable $ 71.1 Inventory 60.7 Property, plant and equipment 80.7 Goodwill 559.4 Other intangible assets: Customer relationships (15-year life) 372.3 Technology (15-year life) 173.3 Trademarks and trade names (15-year life) 65.8 Non-compete agreements and other (5-year life) 28.1 Other current and long-term assets 27.3 Current liabilities (44.3) Deferred income taxes (128.5) Other long-term liabilities (21.6) Net cash consideration $ 1,244.3 The following table summarizes acquisitions for the periods presented. Nine Months Ended Number of Acquisitions Segment Product/Service September 30, 2020 None September 30, 2019 1 Bedding Products A leader in proprietary specialized foam technology, primarily for the bedding and furniture industries Certain of our prior years' acquisition agreements provide for additional consideration to be paid in cash at a later date and are recorded as liabilities at the acquisition date. At September 30, 2020 and December 31, 2019, our current liability for these future payments was $0.0 and $9.2, respectively. Additional consideration, including interest, paid on prior year acquisitions was $8.4 and $1.1 for the nine months ended September 30, 2020 and 2019, respectively. 2020 No businesses were acquired during the first nine months of 2020. 2019 We acquired one business during the first nine months of 2019: • ECS, a leader in proprietary specialized foam technology, primarily for the bedding and furniture industries. Through this acquisition, we gained critical capabilities in proprietary foam technology, along with scale in the production of private-label finished mattresses. The acquisition date was January 16. The purchase price was $1,244.3 and, upon finalization of the purchase price allocation, added $559.3 of goodwill. The most significant other intangibles added were customer relationships and technology, whose finalized values were $372.3 and $173.3, respectively. There was no contingent consideration associated with this acquisition.

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES The following table recaps the components of inventory for each period presented: September 30, December 31, Finished goods $ 265.4 $ 308.7 Work in process 50.8 54.4 Raw materials and supplies 318.5 323.5 LIFO reserve (49.4) (49.9) Total inventories, net $ 585.3 $ 636.7 All inventories are stated at the lower of cost or net realizable value. We generally use standard costs which include materials, labor and production overhead at normal production capacity. The last-in, first-out (LIFO) method is primarily used to value our domestic steel-related inventories, largely in the Bedding Products and Furniture, Flooring & Textile Products segments. Inventories accounted for using the LIFO method typically represent approximately 40% of our inventories. Due to the sharp increase in demand that began in the latter part of the second quarter of 2020, our Bedding Products segment inventories have been much lower than historical levels, and LIFO inventories currently represent about one-third of our total inventories. For the remainder of the inventories, we principally use the first-in, first-out (FIFO) method, which is representative of our standard costs. For these inventories, the FIFO cost for the periods presented approximated expected replacement cost. Inventories are reviewed at least quarterly for slow-moving and potentially obsolete items using actual inventory turnover and, if necessary, are written down to estimated net realizable value. Restructuring activity and decisions to narrow product offerings also impact the estimated net realizable value of inventories. We have had no material changes in inventory writedowns or slow-moving and obsolete inventory reserves in any of the years presented. The following table contains the LIFO activity for each of the periods presented. Nine Months Ended September 30, Three Months Ended September 30, 2020 2019 2020 2019 Balance, beginning of year $ (49.9) $ (82.2) $ (47.4) $ (71.8) LIFO (expense) benefit — 18.0 (2.0) 7.6 Allocated to divested businesses 1 .5 — — — Balance, end of period $ (49.4) $ (64.2) $ (49.4) $ (64.2) 1 During the second quarter 2020, we divested a small operation with annual external sales of approximately $10.0. No significant gain or loss was realized on the sale of this operation.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Sep. 30, 2020
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Employer contributions for 2020 are expected to approximate $2.0. The following table provides interim information as to our domestic and foreign defined benefit pension plans: Nine Months Ended Three Months Ended 2020 2019 2020 2019 Components of net pension expense Service cost $ 3.2 $ 3.0 $ 1.1 $ 1.0 Interest cost 5.5 6.4 1.8 2.1 Expected return on plan assets (9.0) (8.6) (3.0) (2.9) Recognized net actuarial loss 3.0 2.2 .9 .6 Net pension expense $ 2.7 $ 3.0 $ .8 $ .8 The components of net pension expense, other than the service cost component, are included in the line item “Other (income) expense, net” in the Consolidated Condensed Statements of Operations.

STATEMENT OF CHANGES IN EQUITY

STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2020 Total Retained Common Treasury Noncontrolling Accumulated Beginning balance, July 1, 2020 $ 1,214.6 $ 2,663.1 $ 539.8 $ (1,871.5) $ .4 $ (117.2) Net earnings attributable to Leggett & Platt, Inc. common shareholders 104.9 104.8 — — .1 — Dividends declared (See Note 6 ) (53.0) (54.4) 1.4 — — — Treasury stock purchased (1.9) — — (1.9) — — Treasury stock issued 1.7 — (4.1) 5.8 — — Foreign currency translation adjustments 26.0 — — — — 26.0 Cash flow hedges, net of tax 3.4 — — — — 3.4 Defined benefit pension plans, net of tax .4 — — — — .4 Stock-based compensation transactions, net of tax 3.9 — 3.9 — — — Ending balance, September 30, 2020 $ 1,300.0 $ 2,713.5 $ 541.0 $ (1,867.6) $ .5 $ (87.4) Three Months Ended September 30, 2019 Total Retained Common Treasury Noncontrolling Accumulated Beginning balance, July 1, 2019 $ 1,238.8 $ 2,656.2 $ 532.1 $ (1,887.9) $ .6 $ (62.2) Net earnings attributable to Leggett & Platt, Inc. common shareholders 99.6 99.6 — — — — Dividends declared (See Note 6 ) (52.6) (54.0) 1.4 — — — Dividends paid to noncontrolling interest (.2) — — — (.2) — Treasury stock purchased (7.4) — — (7.4) — — Treasury stock issued 6.6 — (4.5) 11.1 — — Foreign currency translation adjustments (32.9) — — — — (32.9) Cash flow hedges, net of tax (1.2) — — — — (1.2) Defined benefit pension plans, net of tax .5 — — — — .5 Stock-based compensation transactions, net of tax 4.4 — 4.4 — — — Ending balance, September 30, 2019 $ 1,255.6 $ 2,701.8 $ 533.4 $ (1,884.2) $ .4 $ (95.8) Nine Months Ended September 30, 2020 Total Retained Common Treasury Noncontrolling Accumulated Beginning balance, January 1, 2020 $ 1,312.5 $ 2,734.5 $ 538.1 $ (1,883.8) $ .5 $ (76.8) Effect of accounting change on prior years (Topic 326-See Note 7 ) (2.5) (2.5) — — — — Adjusted beginning balance, January 1, 2020 1,310.0 2,732.0 538.1 (1,883.8) .5 (76.8) Net earnings attributable to Leggett & Platt, Inc. common shareholders 144.5 144.4 — — .1 — Dividends declared (See Note 6 ) (158.8) (162.9) 4.1 — — — Treasury stock purchased (10.5) — — (10.5) — — Treasury stock issued 5.6 — (21.1) 26.7 — — Foreign currency translation adjustments (13.7) — — — (.1) (13.6) Cash flow hedges, net of tax .8 — — — — .8 Defined benefit pension plans, net of tax 2.2 — — — — 2.2 Stock-based compensation transactions, net of tax 19.9 — 19.9 — — — Ending balance, September 30, 2020 $ 1,300.0 $ 2,713.5 $ 541.0 $ (1,867.6) $ .5 $ (87.4) Nine Months Ended September 30, 2019 Total Retained Common Treasury Noncontrolling Accumulated Beginning balance, January 1, 2019 $ 1,157.6 $ 2,613.8 $ 529.1 $ (1,908.3) $ .6 $ (77.6) Effect of accounting change on prior years (Topic 842) .1 .1 — — — — Adjusted beginning balance, January 1, 2019 1,157.7 2,613.9 529.1 (1,908.3) .6 (77.6) Net earnings attributable to Leggett & Platt, Inc. common shareholders 247.0 247.0 — — — — Dividends declared (See Note 6 ) (155.0) (159.1) 4.1 — — — Dividends paid to noncontrolling interest (.2) — — — (.2) — Treasury stock purchased (19.9) — — (19.9) — — Treasury stock issued 23.5 — (20.5) 44.0 — — Foreign currency translation adjustments (23.1) — — — — (23.1) Cash flow hedges, net of tax 3.4 — — — — 3.4 Defined benefit pension plans, net of tax 1.5 — — — — 1.5 Stock-based compensation transactions, net of tax 20.7 — 20.7 — — — Ending balance, September 30, 2019 $ 1,255.6 $ 2,701.8 $ 533.4 $ (1,884.2) $ .4 $ (95.8) The following tables set forth the components of and changes in each component of accumulated other comprehensive income (loss) for each of the periods presented: Three Months Ended September 30, Foreign Cash Defined Accumulated Balance, July 1, 2020 $ (61.1) $ (6.7) $ (49.4) $ (117.2) Other comprehensive income (loss) 26.0 3.4 (.3) 29.1 Reclassifications, pretax 1 — .7 .9 1.6 Income tax effect — (.7) (.2) (.9) Balance, September 30, 2020 $ (35.1) $ (3.3) $ (49.0) $ (87.4) Balance, July 1, 2019 $ (16.7) $ (7.2) $ (38.3) $ (62.2) Other comprehensive income (loss) (32.9) (3.2) .1 (36.0) Reclassifications, pretax 2 — 1.9 .6 2.5 Income tax effect — .1 (.2) (.1) Balance, September 30, 2019 $ (49.6) $ (8.4) $ (37.8) $ (95.8) 1 2020 pretax reclassifications are comprised of: Net trade sales $ — $ (.3) $ — $ (.3) Cost of goods sold; selling and administrative expenses — (.2) — (.2) Interest expense — 1.2 — 1.2 Other income (expense), net — — .9 .9 Total reclassifications, pretax $ — $ .7 $ .9 $ 1.6 2 2019 pretax reclassifications are comprised of: Net trade sales $ — $ .9 $ — $ .9 Cost of goods sold; selling and administrative expenses — (.1) — (.1) Interest expense — 1.1 — 1.1 Other income (expense), net — — .6 .6 Total reclassifications, pretax $ — $ 1.9 $ .6 $ 2.5 Nine Months Ended September 30, Foreign Cash Defined Accumulated Balance, January 1, 2020 $ (21.5) $ (4.1) $ (51.2) $ (76.8) Other comprehensive income (loss) (13.7) (.2) (.1) (14.0) Reclassifications, pretax 1 — 1.6 3.0 4.6 Income tax effect — (.6) (.7) (1.3) Attributable to noncontrolling interest .1 — — .1 Balance, September 30, 2020 $ (35.1) $ (3.3) $ (49.0) $ (87.4) Balance, January 1, 2019 $ (26.5) $ (11.8) $ (39.3) $ (77.6) Other comprehensive income (loss) (23.1) (1.4) (.2) (24.7) Reclassifications, pretax 2 — 6.1 2.2 8.3 Income tax effect — (1.3) (.5) (1.8) Balance, September 30, 2019 $ (49.6) $ (8.4) $ (37.8) $ (95.8) 1 2020 pretax reclassifications are comprised of: Net sales $ — $ (1.1) $ — $ (1.1) Cost of goods sold; selling and administrative expenses — (.7) — (.7) Interest expense — 3.4 — 3.4 Other income (expense), net — — 3.0 3.0 Total reclassifications, pretax $ — $ 1.6 $ 3.0 $ 4.6 2 2019 pretax reclassifications are comprised of: Net sales $ — $ 3.3 $ — $ 3.3 Cost of goods sold; selling and administrative expenses — (.5) — (.5) Interest expense — 3.3 — 3.3 Other income (expense), net — — 2.2 2.2 Total reclassifications, pretax $ — $ 6.1 $ 2.2 $ 8.3

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE We utilize fair value measures for both financial and non-financial assets and liabilities. Items measured at fair value on a recurring basis Fair value measurements are established using a three level valuation hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into the following categories: • Level 1: Quoted prices for identical assets or liabilities in active markets. • Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Short-term investments in this category are valued using discounted cash flow techniques with all significant inputs derived from or corroborated by observable market data. Derivative assets and liabilities in this category are valued using models that consider various assumptions and information from market-corroborated sources. The models used are primarily industry-standard models that consider items such as quoted prices, market interest rate curves applicable to the instruments being valued as of the end of each period, discounted cash flows, volatility factors, current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. • Level 3: Unobservable inputs that are not corroborated by market data. The areas in which we utilize fair value measures of financial assets and liabilities are presented in the table below. As of September 30, 2020 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Bank time deposits with original maturities of three months or less $ — $ 102.5 $ — $ 102.5 Derivative assets 1 ( Note 14 ) — 2.5 — 2.5 Diversified investments associated with the Executive Stock Unit Program (ESUP) 1 40.7 — — 40.7 Total assets $ 40.7 $ 105.0 $ — $ 145.7 Liabilities: Derivative liabilities 1 ( Note 14 ) $ — $ 2.1 $ — $ 2.1 Liabilities associated with the ESUP 1 40.7 — — 40.7 Total liabilities $ 40.7 $ 2.1 $ — $ 42.8 As of December 31, 2019 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Bank time deposits with original maturities of three months or less $ — $ 153.7 $ — $ 153.7 Derivative assets 1 ( Note 14 ) — 4.0 — 4.0 Diversified investments associated with the ESUP 1 41.0 — — 41.0 Total assets $ 41.0 $ 157.7 $ — $ 198.7 Liabilities: Derivative liabilities 1 ( Note 14 ) $ — $ .9 $ — $ .9 Liabilities associated with the ESUP 1 40.6 — — 40.6 Total liabilities $ 40.6 $ .9 $ — $ 41.5 1 Includes both current and long-term amounts. There were no transfers between Level 1 and Level 2 for any of the periods presented. The fair value for fixed rate debt (Level 2) was approximately $135.9 greater than carrying value of $1,587.1 at September 30, 2020 and was approximately $98.6 greater than carrying value of $1,585.6 at December 31, 2019. Items measured at fair value on a non-recurring basis The primary areas in which we use fair value measurements of non-financial assets and liabilities are allocating purchase price to the assets and liabilities of acquired companies ( Note 9 ) and evaluating long-term assets (including goodwill) for potential impairment ( Note 5 ). Determining fair values for these items requires significant judgment and includes a variety of methods and models that utilize significant Level 3 inputs. For methodologies used in determining fair value reference is made to Footnote A in the Notes to Consolidated Financial Statements in our Form 10-K filed February 20, 2020.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS Cash Flow Hedges Derivative financial instruments that we use to hedge forecasted transactions and anticipated cash flows are as follows: Currency Cash Flow Hedges —The foreign currency hedges manage risk associated with exchange rate volatility of various currencies. Interest Rate Cash Flow Hedges —We have also occasionally used interest rate cash flow hedges to manage interest rate risks. The effective changes in fair value of unexpired contracts are recorded in accumulated other comprehensive income and reclassified to income or expense in the period in which earnings are impacted. Cash flows from settled contracts are presented in the category consistent with the nature of the item being hedged. (Settlements associated with the sale or production of product are presented in operating cash flows, and settlements associated with debt issuance are presented in financing cash flows.) Fair Value Hedges and Derivatives not Designated as Hedging Instruments These derivatives typically manage foreign currency risk associated with subsidiaries’ assets and liabilities, and gains or losses are recognized currently in earnings. Cash flows from settled contracts are presented in the category consistent with the nature of the item being hedged. 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 As of September 30, 2020 Assets Liabilities Other Current Sundry Other Current Other Long-Term Liabilities Derivatives designated as hedging instruments Cash flow hedges: Currency hedges: Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries Mar 2022 $ 124.4 $ 1.9 $ .3 $ .3 $ — Future DKK sales of Polish subsidiary Mar 2022 16.1 — — .5 .1 Future EUR sales of Chinese, Swiss and UK subsidiaries Mar 2022 32.5 — — .5 — Future MXN purchases of a USD subsidiary Mar 2022 9.4 — .1 .4 — Total cash flow hedges 1.9 .4 1.7 .1 Fair value hedges: Intercompany and third-party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CNY, PLN and USD) Dec 2020 45.8 — — .2 — Derivatives not designated as hedging instruments Non-deliverable hedges (EUR and USD) exposed to the CNY Sep 2021 10.0 .2 — — — EUR receivable on a HRK subsidiary Nov 2020 19.9 — — .1 — Total derivatives not designated as hedging instruments .2 — .1 — Total derivatives $ 2.1 $ .4 $ 2.0 $ .1 Expiring at various dates through: Total USD As of December 31, 2019 Assets Liabilities Other Current Sundry Other Current Derivatives designated as hedging instruments Cash flow hedges: Currency hedges: Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries Sep 2021 $ 138.5 $ 1.3 $ .2 $ .7 Future MXN purchases of a USD subsidiary Jun 2021 9.8 .5 .1 — Future DKK sales of a Polish subsidiary Jun 2021 21.1 .3 — — Future EUR sales of Chinese and UK subsidiaries Jun 2021 29.9 .7 — — Total cash flow hedges 2.8 .3 .7 Fair value hedges: Intercompany and third-party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CHF, CNY, GBP, PLN and USD) May 2020 112.0 .8 — .1 Derivatives not designated as hedging instruments Non-deliverable hedges (EUR and USD) exposed to the CNY Dec 2020 10.1 .1 — — Hedge of USD receivable on a CAD subsidiary Jan 2020 5.0 — — .1 Total derivatives not designated as hedging instruments .1 — .1 Total derivatives $ 3.7 $ .3 $ .9 The following table sets forth the pretax (gains) losses for our hedging activities for the years presented. This schedule includes reclassifications (including impact of underlying transactions probable of not occurring) from accumulated other comprehensive income (see Note 12 ) as well as derivative settlements recorded directly to income or expense. Caption in Consolidated Condensed Statements of Operations Amount of (Gain) Loss Recorded in Income Nine Months Ended Amount of (Gain) Loss Recorded in Income Three Months Ended September 30, 2020 2019 2020 2019 Derivatives designated as hedging instruments Interest rate cash flow hedges Interest expense $ 3.4 $ 3.3 $ 1.2 $ 1.1 Currency cash flow hedges Net trade sales 1.6 2.3 .4 .8 Currency cash flow hedges Cost of goods sold (.2) (1.2) .1 (.5) Currency cash flow hedges Other (income) expense, net — .1 — .1 Total cash flow hedges 4.8 4.5 1.7 1.5 Fair value hedges Other (income) expense, net 1.0 1.8 (1.5) 1.2 Derivatives not designated as hedging instruments Other (income) expense, net — .3 .2 .2 Total derivative instruments $ 5.8 $ 6.6 $ .4 $ 2.9

OTHER EXPENSE (INCOME)

OTHER EXPENSE (INCOME)	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
OTHER (INCOME) EXPENSE	OTHER (INCOME) EXPENSE The components of other (income) expense from continuing operations were as follows: Nine Months Ended Three Months Ended 2020 2019 2020 2019 Restructuring charges 1 $ 7.6 $ 5.3 $ 5.1 $ 3.4 Currency loss (income) .3 1.2 1.9 (.6) Gain from diversified investments associated with Executive Stock Unit Program (See Note 8 ) (1.1) (4.8) (2.3) (.3) COVID-19 government subsidies 2 (18.4) — (7.0) — Other expense (income) .3 (2.1) 2.1 (1.0) $ (11.3) $ (.4) $ (.2) $ 1.5 1 We incurred severance expense, primarily for permanent workforce reductions, in the third and second quarters of 2020 of $5.1 and $1.9, respectively, associated with changes in management and organizational structure in response to the effect the COVID-19 pandemic has had on the nature and focus of our operations. See Note 18 for additional information. Additionally, for the three and nine months ended September 30, 2020, we incurred $.6 and $1.6 of restructuring-related expenses associated with writedowns of inventories (reported in cost of goods sold) and long-lived asset impairments (reported in impairments) related to the wind down of the 2018 Restructuring Plan.

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES We are a party to various proceedings and matters involving employment, intellectual property, environmental, taxation, vehicle-related personal injury, antitrust and other laws. When it is probable, in management's judgment, that we may incur monetary damages or other costs resulting from these proceedings or other claims, and we can reasonably estimate the amounts, we record appropriate accruals in the financial statements and make charges against earnings. For all periods presented, we have recorded no material charges against earnings. Also, when it is reasonably possible that we may incur additional loss in excess of recorded accruals and we can reasonably estimate the additional losses or range of losses, we disclose such additional reasonably possible losses in these notes. Brazilian Value-Added Tax Matters All dollar amounts presented in this section reflect the U.S. Dollar (USD) equivalent of Brazilian Real (BRL). We deny all allegations in the below Brazilian actions. We believe that we have valid bases to contest such actions and are vigorously defending ourselves. However, these contingencies are subject to uncertainties, and based on current known facts, we believe that it is reasonably possible (but not probable) that we may incur losses of approximately $9.8 including interest and attorney fees with respect to these assessments. Therefore, because it is not probable we will incur a loss, no accrual has been recorded for Brazilian value-added tax (VAT) matters. As of the date of this filing, we have $7.5 on deposit with the Brazilian government to partially mitigate interest and penalties that may accrue while we work through these matters. If we are successful in our defense of these assessments, the deposits are refundable with interest. These deposits are recorded as a long-term asset on our balance sheet. Brazilian Federal Cases. On December 22 and December 29, 2011, and December 17, 2012, the Brazilian Finance Ministry, Federal Revenue Office (Finance Ministry) issued notices of violation against our wholly-owned subsidiary, Leggett & Platt do Brasil Ltda. (L&P Brazil) in the amount of $1.4 ($2.2 with updated interest), $.1 and $2.5 ($3.0 updated with interest), respectively. The Finance Ministry claimed that for November 2006 and continuing through 2011, L&P Brazil used an incorrect tariff code for the collection and payment of VAT primarily on the sale of mattress innerspring units in Brazil (VAT Rate Dispute). L&P Brazil has denied the violations. On December 4, 2015 and October 18, 2018, we filed actions related to the $3.0 assessment and $2.2, respectively, in Sorocaba Federal Court. On August 17, 2020, the Sorocaba Federal Court ruled in our favor and annulled the $3.0 assessment. The Federal Treasury filed an appeal which is pending. The $.1 assessment remains pending at the second administrative level. The actions seeking to annul the entire $2.2 assessment also remain pending. In addition, L&P Brazil received assessments on December 22, 2011, and June 26, July 2 and November 5, 2012, September 13, 2013, and September 4, 2014 from the Finance Ministry where it challenged L&P Brazil’s use of tax credits in years 2005 through 2012. Such credits are generated based upon the VAT rate used by L&P Brazil on the sale of mattress innersprings. L&P Brazil filed its defenses denying the assessments. L&P Brazil has received aggregate assessments totaling $1.8 updated with interest on these denials of tax credit matters. On February 1, 2013, the Finance Ministry filed a Tax Collection action against L&P Brazil in the Camanducaia Judicial District Court, and also, on June 26, 2014, issued a notice of violation, alleging, in the aggregate, the untimely payment of $.5 of social security and social assistance payments for September to October 2010, 2011 and 2012. L&P Brazil argued the payments were not required to be made because of the application of tax credits generated by L&P Brazil's use of a correct VAT rate on the sale of mattress innersprings. These cases remain pending. We have also received a small number of other assessments from the Finance Ministry on the same or related subject matter that are immaterial individually and in the aggregate. State of S ã o Paulo, Brazil Cases. The State of São Paulo, Brazil (SSP) on October 4, 2012, issued a Tax Assessment against L&P Brazil in the amount of $.8 for the tax years 2009 through 2011 regarding the same VAT Rate Dispute but as applicable to the sale of mattress innerspring units in the SSP (SSP VAT Rate Dispute). On June 21, 2013, the SSP converted the Tax Assessment to a tax collection action against L&P Brazil in the amount of $1.1 in Sorocaba Judicial District Court. L&P Brazil has denied all allegations. This case remains pending. L&P Brazil also received a Notice of Tax Assessment from the SSP dated March 27, 2014 in the amount of $.5 for tax years January 2011 through August 2012 regarding the SSP VAT Rate Dispute. L&P Brazil filed its response denying the allegations, but the assessment was maintained at the administrative level. On June 9, 2016, L&P Brazil filed an action in Sorocaba State Court to annul the entire assessment. The Court ruled against L&P Brazil and the Court of Appeals upheld the unfavorable ruling. The High Court denied our appeal and L&P Brazil filed an interlocutory appeal. On November 5, 2019, SSP announced an amnesty program that provides discounts on penalties and interest on SSP assessments. We decided to move forward with the amnesty program as it relates to the $.5 assessment (updated to $.7 with interest). We expect to pay $.5 to resolve this matter using a portion of our $.7 cash deposit. Although the timing is uncertain, we expect the return of approximately $.2 consisting of cash deposit and accrued interest. State of Minas Gerais, Brazil Cases. On December 18, 2012, the State of Minas Gerais, Brazil issued a tax assessment to L&P Brazil relating to the same VAT Rate Dispute but as applicable to the sale of mattress innerspring units in Minas Gerais from March 2008 through August 2012 in the amount of $.3. L&P Brazil filed its response denying any violation. The Minas Gerais Taxpayer's Council ruled against us, and L&P Brazil filed a Motion to Stay the Execution of the Judgment in Camanducaia Judicial District Court, which remains pending. Accruals and Reasonably Possible Losses in Excess of Accruals Accruals for Probable Losses Although we deny liability in all threatened or pending litigation proceedings in which we are or may be a party and believe that we have valid bases to contest all claims threatened or made against us, we have recorded a litigation contingency accrual for our reasonable estimate of probable loss for pending and threatened litigation proceedings, in aggregate, as follows: Nine Months Ended September 30, Three Months Ended September 30, 2020 2019 2020 2019 Litigation contingency accrual - Beginning of period $ .7 $ 1.9 $ .5 $ 2.1 Adjustment to accruals - expense .1 .2 — — Currency (.1) — — — Cash payments (.2) (1.8) — (1.8) Litigation contingency accrual - End of period $ .5 $ .3 $ .5 $ .3 The above litigation contingency accrual does not include accrued expenses related to workers' compensation, vehicle-related personal injury, product and general liability claims, taxation issues and environmental matters, some of which may contain a portion of litigation expense. However, any litigation expense associated with these categories is not anticipated to have a material effect on our financial condition, results of operations or cash flows. Reasonably Possible Losses in Excess of Accruals Although there are a number of uncertainties and potential outcomes associated with our pending or threatened litigation proceedings, we believe, based on current known facts, that additional losses, if any, are not expected to materially affect our consolidated financial position, results of operations or cash flows. However, based upon current known facts, as of September 30, 2020, aggregate reasonably possible (but not probable, and therefore, not accrued) losses in excess of the accruals noted above are estimated to be $10.6, including $9.8 for Brazilian VAT matters disclosed above and $.8 for other matters. I f our assumptions or analyses regarding any of our contingencies are incorrect, or if facts change, we could realize losses in excess of the recorded accruals (and in excess of the $10.6 referenced above), which could have a material negative impact on our financial condition, results of operations and cash flows.

DEBT AMENDMENT

DEBT AMENDMENT	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
DEBT AMENDMENT	DEBT AMENDMENT We reviewed our forecasts for liquidity and future compliance with debt covenants in place early in the second quarter in light of the potential impacts of COVID-19 on our business and the uncertainties associated with the duration of the pandemic at that time. As such, effective May 6, 2020, we amended our credit facility to, among other things, change the restrictive borrowing covenants. The prior leverage ratio covenant required us to maintain, as of the last day of each quarter, a leverage ratio of consolidated funded indebtedness to trailing 12-month consolidated EBITDA (each as defined in the credit facility) of not greater than 3.50 to 1.00. The leverage ratio covenant was changed in two ways: (i) the calculation of the ratio now subtracts unrestricted cash (as defined in the credit facility) from consolidated funded indebtedness; and (ii) the ratio levels, calculated as of the last day of the applicable fiscal quarter, were changed to 4.75 to 1.00 for each fiscal quarter end date through March 31, 2021; 4.25 to 1.00 at June 30, 2021; 3.75 to 1.00 at September 30, 2021; and 3.25 to 1.00 at December 31, 2021 and thereafter.

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	9 Months Ended
	Sep. 30, 2020
Risks And Uncertainties, Unusual Items [Abstract]
RISKS AND UNCERTAINTIES	RISKS AND UNCERTAINTIES In March 2020, the World Health Organization declared the novel coronavirus (COVID-19) outbreak a global pandemic. Various governments in Asia, Europe, North America, and elsewhere instituted, and may reinstitute, quarantines, shelter-in-place or stay-at-home orders, or restrictions on public gatherings as well as limitations on social interactions. These restrictions and limitations have had, and could further have, an adverse effect on the economies and financial markets of the countries where our products, or our customers’ products are sold. The resulting economic downturn has had, and could further have, an effect on the demand for our products and our customers’ products, growth rates in the industries in which we participate, and opportunities in those industries. We have manufacturing facilities in the United States and 17 other countries. All of these countries have been affected by the COVID-19 pandemic. All of our facilities are open and running at this time. From time to time we have some capacity restrictions on our plants due to governmental orders in various parts of the world. We have been and could be further negatively affected by governmental action in any one or more of the countries in which we operate by the imposition, or re-imposition, of restrictive measures concerning shelter-in-place or stay-at-home orders, public gatherings and human interactions, mandatory closures of retail establishments that sell our products or our customers’ products, and restrictions on the import or export of products. The U.S. and other governments have ordered that certain non-woven fabrics used to produce ComfortCore® innersprings be prioritized to produce medical supplies, resulting in shortages of the fabrics for non-medical applications. These shortages and very strong bedding demand have caused the Company temporarily to be unable to supply full industry demand for ComfortCore®. We are engaging with customers in an effort to work through these issues. The shortages have resulted in higher pricing for non-woven fabrics. If we are unable to obtain the fabrics, or cannot pass the cost along to our customers, our results of operations may be negatively impacted. As demand has improved, we also have experienced some temporary labor shortages. We are attempting to hire additional employees and add equipment, particularly in our U.S. Spring business to meet this demand. Depending on the length and severity of the COVID-19 pandemic, our ability to keep our manufacturing operations open, maintain appropriate labor levels, obtain necessary raw materials and parts and ship finished products to customers may be partially or completely disrupted, either on a temporary or prolonged basis. The realization of these risks to our manufacturing operations, labor force and supply chain could also increase labor, commodity and energy costs. Although not directly related to the pandemic, we have experienced supply shortages with certain chemicals, which has resulted in higher pricing for the chemicals. If we are unable to obtain the chemicals, or pass the cost along to our customers, our results of operations may be negatively impacted. Also, some facilities had experienced problems delivering products to customers because of disruption in logistics necessary to import, export, or to transfer products across borders. Currently, our supply chains have been hampered by congested ports, especially on the U.S. west coast.

INTERIM PRESENTATION (Policies)

INTERIM PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2020
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. The December 31, 2019 financial position data included herein was derived from the audited consolidated financial statements, but does not include all disclosures required by GAAP.
Reclassifications	Reclassifications Certain reclassifications have been made to the prior period's information in the Notes to the Consolidated Condensed Financial Statements to conform to the 2020 segment reporting changes in our management structure and all related internal reporting (See Note 4 - Segment Information). These reclassifications did not impact our consolidated earnings or assets of the company, and all prior periods presented have been restated to conform with these changes.
New Accounting Guidance	The Financial Accounting Standards Board (FASB) regularly issues updates to the FASB Accounting Standards Codification that are communicated through issuance of an Accounting Standards Update (ASU). Below is a summary of the ASUs, effective for current or future periods, most relevant to our financial statements. Adopted in 2020: • On January 1, 2020, we adopted ASU 2016-13 “Financial Instruments—Credit Losses” (Topic 326) as discussed in Note 7 . • ASU 2017-04 “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. We adopted this ASU on January 1, 2020. This ASU simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. The annual goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount, and an impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit's fair value up to the total amount of goodwill for the reporting unit. We applied this guidance to our annual goodwill impairment testing completed in the second quarter of 2020 as discussed in Note 5 . • ASU 2018-15 “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force)”. We adopted this ASU on January 1, 2020. This ASU aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The adoption of this ASU did not materially impact our financial statements. To be adopted in future years: • ASU 2019-12 “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes”: This ASU will be effective January 1, 2021 and is a part of the FASB overall simplification initiative. We are currently evaluating this guidance. The FASB has issued accounting guidance, in addition to the issuance discussed above, effective for current and future periods. This guidance did not have a material impact on our current financial statements, and we do not believe it will have a material impact on our future financial statements.
Revenue Recognition	We recognize revenue when performance obligations under the terms of a contract with our customers are satisfied. Substantially all of our revenue is recognized upon transfer of control of our products to our customers, which is generally upon shipment from our facilities or upon delivery to our customers' facilities and is dependent on the terms of the specific contract. This conclusion considers the point at which our customers have the ability to direct the use of and obtain substantially all of the remaining benefits of the products that are transferred. Substantially all unsatisfied performance obligations as of September 30, 2020, will be satisfied within one year or less. Shipping and handling costs are included as a component of "Cost of goods sold". Sales, value added, and other taxes collected in connection with revenue-producing activities are excluded from revenue. Sales Allowances and Returns The amount of consideration we receive and revenue we recognize varies with changes in various sales allowances, discounts and rebates (variable consideration) that we offer to our customers. We reduce revenue by our estimates of variable consideration based on contract terms and historical experience. Changes in estimates of variable consideration for the periods presented were not material. Some of our products transferred to customers can be returned, and we recognize the following for this right: • An estimated refund liability and a corresponding reduction to revenue based on historical returns experience. • An asset and a corresponding reduction to cost of sales for our right to recover products from customers upon settling the refund liability. We reduce the carrying amount of these assets by estimates of costs associated with the recovery and any additional expected reduction in value. Our refund liability and the corresponding asset associated with our right to recover products from our customers were immaterial for the periods presented. Other We expect that at contract inception, the time period between when we transfer a promised good to our customer and our receipt of payment from that customer for that good will be one year or less (our typical trade terms are 30 to 60 days for U.S. customers and up to 90 days for our international customers). We generally expense costs of obtaining a contract because the amortization period would be one year or less. Revenue by Product Line We disaggregate revenue by customer group, which is the same as our product lines 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 new segment structure, see Note 4.

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue by Major Source	We disaggregate revenue by customer group, which is the same as our product lines 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 new segment structure, see Note 4. Nine Months Ended September 30, Three Months Ended September 30, 2020 2019 2020 2019 Bedding Products Bedding group $ 1,491.0 $ 1,724.1 $ 589.8 $ 601.4 Specialized Products Automotive group 487.1 607.6 207.9 209.6 Aerospace Products group 79.8 116.3 19.6 36.2 Hydraulic Cylinders group 51.3 73.2 15.4 21.4 618.2 797.1 242.9 267.2 Furniture, Flooring & Textile Products Home Furniture group 220.6 264.6 89.6 86.3 Work Furniture group 168.3 224.8 59.3 77.1 Flooring & Textile Products group 600.1 597.0 226.0 207.3 989.0 1,086.4 374.9 370.7 $ 3,098.2 $ 3,607.6 $ 1,207.6 $ 1,239.3

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Summary of Segment Results from Continuing Operations	A summary of segment results from continuing operations is shown in the following tables. Trade 1 Sales Inter- Total EBIT Depreciation and Amortization Three Months Ended September 30, 2020 Bedding Products $ 589.8 $ 10.0 $ 599.8 $ 73.6 $ 26.6 Specialized Products 242.9 .8 243.7 32.7 10.7 Furniture, Flooring & Textile Products 374.9 2.8 377.7 41.7 6.3 Intersegment eliminations and other 3 (.7) 3.4 $ 1,207.6 $ 13.6 $ 1,221.2 $ 147.3 $ 47.0 Three Months Ended September 30, 2019 Bedding Products $ 601.4 $ 10.8 $ 612.2 $ 70.7 $ 27.5 Specialized Products 267.2 .9 268.1 44.4 10.4 Furniture, Flooring & Textile Products 370.7 3.6 374.3 29.3 6.4 Intersegment eliminations and other 3 (.3) 4.1 $ 1,239.3 $ 15.3 $ 1,254.6 $ 144.1 $ 48.4 Trade 1 Sales Inter- Total EBIT Depreciation and Amortization Nine Months Ended September 30, 2020 Bedding Products $ 1,491.0 $ 23.6 $ 1,514.6 $ 122.2 $ 79.7 Specialized Products 2 618.2 2.0 620.2 40.7 32.5 Furniture, Flooring & Textile Products 989.0 10.5 999.5 91.6 19.1 Intersegment eliminations and other 3, 4 (3.7) 9.7 $ 3,098.2 $ 36.1 $ 3,134.3 $ 250.8 $ 141.0 Nine Months Ended September 30, 2019 Bedding Products $ 1,724.1 $ 31.2 $ 1,755.3 $ 178.3 $ 80.5 Specialized Products 797.1 2.5 799.6 121.6 31.0 Furniture, Flooring & Textile Products 1,086.4 11.9 1,098.3 79.2 19.7 Intersegment eliminations and other 3 (.8) 13.5 $ 3,607.6 $ 45.6 $ 3,653.2 $ 378.3 $ 144.7 1 See Note 3 for revenue by product line. 2 2020 EBIT: Includes $25.4 of goodwill impairment for the Hydraulic Cylinders unit as discussed in Note 5. 3 Depreciation and Amortization: Other relates to non-operating assets (assets not included in segment assets) and is allocated to segment EBIT as discussed above. 4 2020 EBIT: Other includes a charge to write off stock associated with a prior year divestiture that filed bankruptcy in 2020.
Average Assets for Segments	Average assets for our segments are shown in the table below and reflect the basis for return measures used by management to evaluate segment performance. These segment totals include working capital (all current assets and current liabilities) plus net property, plant and equipment. Segment assets for all years are reflected at their estimated average for the periods presented. September 30, December 31, Bedding Products $ 756.7 $ 816.9 Specialized Products 301.7 346.4 Furniture, Flooring & Textile Products 355.4 383.2 Average current liabilities included in segment numbers above 629.4 735.3 Unallocated assets 1 2,592.4 2,662.7 Difference between average assets and period-end balance sheet 28.2 (128.1) Total assets $ 4,663.8 $ 4,816.4

IMPAIRMENT CHARGES (Tables)

IMPAIRMENT CHARGES (Tables)	9 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Summary Of Impairment Charges	Impairment charges (pretax) are reported in “Impairments” in the Consolidated Condensed Statements of Operations and are summarized in the following table: Nine Months Ended September 30, Three Months Ended September 30, 2020 2019 2020 2019 Goodwill Impairment Other Long-Lived Assets Impairments Total Impairments Other Long-Lived Assets Impairments Goodwill Impairment Other Long-Lived Assets Impairments Total Impairments Other Long-Lived Assets Impairments Bedding Products $ — $ .3 $ .3 $ 4.3 $ — $ — $ — $ .8 Specialized Products 25.4 — 25.4 — — — — — Furniture, Flooring & Textile Products — .2 .2 1.4 — — — .6 Unallocated 1 — 3.5 3.5 — — — — — Total impairment charges $ 25.4 $ 4.0 $ 29.4 $ 5.7 $ — $ — $ — $ 1.4 1 This is a charge to write off stock associated with a prior year divestiture that filed bankruptcy in 2020.
Schedule of Goodwill	2020 Fair Value over Carrying Value divided by Carrying Value September 30, 2020 Goodwill Value 10-year Compound Annual Growth Rate Range for Sales Terminal Values Long-term Growth Rate for Debt-Free Cash Flow Discount Rate Ranges Less than 50% 1 $ 96.1 2.1% 3 % 9.0% 50% - 100% 2 914.3 2.0 - 3.6 3 9.0 - 10.0 101% - 300% 246.1 1.6 - 1.7 3 8.5 - 9.5 301% - 600% 123.8 6.7 3 9.0 $ 1,380.3 1.6% - 6.7% 3 % 8.5% - 10.0% 2019 Fair Value over Carrying Value divided by Carrying Value December 31, 2019 Goodwill Value 10-year Compound Annual Growth Rate Range for Sales Terminal Values Long-term Growth Rate for Debt-Free Cash Flow Discount Rate Ranges Less than 50% 3 $ 26.0 5.8% 3 % 8.0% 50% - 100% 2 855.9 3.8 3 8.5 - 9.5 101% - 300% 400.9 1.3 - 5.5 3 7.5 - 8.0 301% - 600% 123.5 11.1 3 8.5 $ 1,406.3 1.3% - 11.1% 3 % 7.5% - 9.5% 1 This category includes one reporting unit, Work Furniture, which had fair value exceeding its carrying value by 25% at September 30, 2020 as compared to 126% in 2019. 2 This category includes two reporting units for 2020 and the Bedding reporting unit for 2019. • The fair value of our Bedding reporting unit exceeded its carrying value by 68% at September 30, 2020 as compared to 85% in 2019. This unit had $855.1 of goodwill at September 30, 2020. • The fair value of our Aerospace reporting unit exceeded its carrying value by 51% at September 30, 2020 as compared to 139% in 2019. This unit had $59.2 of goodwill at September 30, 2020. 3 This category consisted of the Hydraulic Cylinders reporting unit which had fair value exceeding its carrying value by 29% at December 31, 2019.

EARNINGS PER SHARE (EPS) (Table

EARNINGS PER SHARE (EPS) (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings (loss) Per Share	Basic and diluted earnings per share were calculated as follows: Nine Months Ended Three Months Ended 2020 2019 2020 2019 Net earnings Net earnings $ 144.5 $ 247.0 $ 104.9 $ 99.6 (Earnings) attributable to noncontrolling interest, net of tax (.1) — (.1) — Net earnings attributable to Leggett & Platt, Inc. common shareholders $ 144.4 $ 247.0 $ 104.8 $ 99.6 Weighted average number of shares (in millions): Weighted average number of common shares used in basic EPS 135.6 134.7 135.8 134.9 Dilutive effect of stock-based compensation .2 .5 .3 .5 Weighted average number of common shares and dilutive potential common shares used in diluted EPS 135.8 135.2 136.1 135.4 Basic and Diluted EPS: Basic EPS attributable to Leggett & Platt common shareholders $ 1.06 $ 1.83 $ .77 $ .74 Diluted EPS attributable to Leggett & Platt common shareholders $ 1.06 $ 1.83 $ .77 $ .74 Other information: Anti-dilutive shares excluded from diluted EPS computation .3 .2 .2 .2 Cash dividends declared per share $ 1.20 $ 1.18 $ .40 $ .40

ACCOUNTS AND OTHER RECEIVABLES

ACCOUNTS AND OTHER RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
New Accounting Pronouncements	The cumulative effect of applying Topic 326 to our Consolidated Condensed Balance Sheet was as follows: Balance at December 31, 2019 as Previously Reported Topic 326 Adjustments Balance at January 1, 2020 Trade receivables, net 1 $ 564.4 $ (3.3) $ 561.1 Other current assets 973.7 — 973.7 Property, plant and equipment 830.8 — 830.8 Other assets 2,447.5 — 2,447.5 Total assets $ 4,816.4 $ (3.3) $ 4,813.1 Current liabilities $ 928.1 $ — $ 928.1 Long-term liabilities 2 2,575.8 (.8) 2,575.0 Retained earnings 2,734.5 (2.5) 2,732.0 Other equity (1,422.0) — (1,422.0) Total assets $ 4,816.4 $ (3.3) $ 4,813.1 1 This adjustment is to increase our allowance for doubtful accounts for estimated expected credit losses on trade receivables over their contractual life. 2 This adjustment is to reflect a decrease in deferred income tax liability as a result of the change in the allowance for doubtful accounts.
Components of Accounts and Other Receivables	Accounts and other receivables consisted of the following: September 30, 2020 December 31, 2019 Current Long-term Current Long-term Trade accounts receivable 1 $ 642.6 $ — $ 571.8 $ — Trade notes receivable 1.2 .4 1.1 .6 Total trade receivables 643.8 .4 572.9 .6 Other notes receivable 1 — 23.0 — 23.4 Taxes receivable, including income taxes 11.3 — 15.8 — Other receivables 9.2 — 11.7 — Subtotal other receivables 20.5 23.0 27.5 23.4 Total trade and other receivables 664.3 23.4 600.4 24.0 Allowance for doubtful accounts: Trade accounts receivable 1,2 (22.0) — (8.4) — Trade notes receivable — — (.1) — Total trade receivables (22.0) — (8.5) — Other notes receivable 1 — (23.0) — (15.0) Total allowance for doubtful accounts (22.0) (23.0) (8.5) (15.0) Total net receivables $ 642.3 $ .4 $ 591.9 $ 9.0 1 The “Trade accounts receivable” and “Other notes receivable” line items above include $25.0 and $26.0 as of September 30, 2020 and December 31, 2019, respectively, from a customer in our Bedding Products segment who is experiencing financial difficulty and liquidity problems. This customer was placed on nonaccrual status in 2018, and became delinquent in quarterly interest payments in the first quarter of 2020. As a result, we increased and fully reserved the balances for this customer in the first quarter of 2020. The reserve for this customer was $25.0 ($23.0 for the note and $2.0 for the trade receivable) at September 30, 2020, and $16.0 ($15.0 for the note and $1.0 for the trade receivable) at December 31, 2019. 2 The impacts of the COVID-19 pandemic have adversely impacted the operations of many of our customers, which have and could further impact their ability to pay their debts to us. As a result, we increased the reserves on "Trade accounts receivable" to reflect this increased collectibility risk.
Allowance for Doubtful Accounts	Activity related to the allowance for doubtful accounts is reflected below: Balance at December 31, 2019 Topic 326 Adjustment Balance at January 1, 2020 Add: Less: Balance at September 30, 2020 Trade accounts receivable $ 8.4 $ 3.3 $ 11.7 $ 11.5 $ 1.2 $ 22.0 Trade notes receivable .1 — .1 (.1) — — Total trade receivables 8.5 3.3 11.8 11.4 1.2 22.0 Other notes receivable 15.0 — 15.0 8.0 — 23.0 Total allowance for doubtful accounts $ 23.5 $ 3.3 $ 26.8 $ 19.4 $ 1.2 $ 45.0

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Components of Stock-Based and Stock-Related Compensation	The following tables recap the components of stock-based and stock-related compensation for each period presented: Nine Months Ended Nine Months Ended To be settled with stock To be settled in cash To be settled with stock To be settled in cash Stock-based retirement plans contributions 1 $ 1.9 $ .5 $ 2.6 $ .5 Discounts on various stock awards: Deferred Stock Compensation Program 1.6 — 1.6 — Stock-based retirement plans .9 — .9 — Discount Stock Plan .7 — .8 — Performance Stock Unit (PSU) awards: 2 2018 and later PSU - TSR based 2A 2.4 (.5) 2.2 1.5 2018 and later PSU - EBIT CAGR based 2B (1.8) (1.9) 2.7 3.1 2017 and prior PSU awards 2C — .1 1.3 .2 Restricted Stock Unit (RSU) awards 3 6.1 — 1.5 — Other, primarily non-employee directors restricted stock .9 — .9 — Total stock-related compensation expense (income) 12.7 $ (1.8) 14.5 $ 5.3 Employee contributions for above stock plans 7.9 9.4 Total stock-based compensation $ 20.6 $ 23.9 Tax benefits on stock-based compensation expense $ 3.0 $ 3.4 Tax benefits on stock-based compensation payments 2.2 3.5 Total tax benefits associated with stock-based compensation $ 5.2 $ 6.9 Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 To be settled with stock To be settled in cash To be settled with stock To be settled in cash Stock-based retirement plans contributions 1 $ 1.9 $ .3 $ 1.1 $ .2 Discounts on various stock awards: Deferred Stock Compensation Program .7 — .5 — Stock-based retirement plans .5 — .4 — Discount Stock Plan .2 — .2 — Performance Stock Unit (PSU) awards: 2 2018 and later PSU - TSR based 2A .7 1.3 .7 .8 2018 and later PSU - EBIT CAGR based 2B .1 .5 — .3 2017 and prior PSU awards 2C — — .4 .4 Restricted Stock Unit (RSU) awards 3 .7 — .5 — Other, primarily non-employee directors restricted stock .2 — .4 — Total stock-related compensation expense 5.0 $ 2.1 4.2 $ 1.7 Employee contributions for above stock plans 2.7 3.2 Total stock-based compensation $ 7.7 $ 7.4 Tax benefits on stock-based compensation expense $ 1.2 $ 1.0 Tax benefits on stock-based compensation payments .5 1.2 Total tax benefits associated with stock-based compensation $ 1.7 $ 2.2 1 Stock-Based Retirement Plans Participant contributions: Participants in the Executive Stock Unit Program may contribute up to 10% (depending on certain qualifications) of their compensation above the threshold. Participant contributions are credited to a diversified investment account established for the participant, and are paid out in cash upon distribution from the program. Company contributions: The first 50% match is automatic, and a second 50% match is made if certain profitability levels are obtained. Matching contributions to the plan, including dividend equivalents, are used to acquire stock units. Stock units are converted to common stock at a 1-to-1 ratio upon distribution from the program. 2 PSU Awards 2020 Changes to the PSU and RSU awards In November 2019, the Compensation Committee approved changes to our PSU and RSU award programs for 2020. Changes to the plans for executive officers are as follows: • Two-thirds of the target award value—granted as PSUs based on relative TSR and EBIT CAGR over a three-year performance period. • One-third of the target award value—granted as RSUs vesting in one-third increments over three years. During 2019, PSU awards were based on two equal measures: (i) Relative Total Shareholder Return (TSR = (Change in Stock Price + Dividends) ÷ Beginning Stock Price) and (ii) EBIT Compound Annual Growth Rate (EBIT CAGR). These components are discussed below. We intend to pay 50% in shares of our common stock and 50% in cash; although, we reserve the right, subject to Compensation Committee approval, to pay up to 100% in cash. 2A 2018 and later PSU - TSR based Most of the 2018 and later PSU awards are based 50% upon our TSR compared to a peer group. A small number of PSU awards are based 100% upon relative TSR for certain business unit employees to complement their particular mix of incentive compensation. Grant date fair values are calculated using a Monte Carlo simulation of stock and volatility data for Leggett and each of the peer companies. Grant date fair values are amortized using the straight-line method over the three-year vesting period. The relative TSR vesting condition of the 2018 and later PSU awards contains the following conditions: • A service requirement—Awards generally “cliff” vest three years following the grant date; and • A market condition—Awards are based on our TSR as compared to the TSR of a group of peer companies. The peer group consists of all the companies in the Industrial, Materials and Consumer Discretionary sectors of the S&P 500 and S&P Midcap 400 (approximately 300 companies). Participants will earn from 0% to 200% of the base award depending upon how our TSR ranks within the peer group at the end of the three-year performance period. 2B 2018 and later PSU - EBIT CAGR based Most of the 2018 and later PSU awards are based 50% upon our or the applicable segment's EBIT CAGR. Grant date fair values are calculated using the grant date stock price discounted for dividends over the vesting period. Expense is adjusted every quarter over the three-year vesting period based on the number of shares expected to vest. The EBIT CAGR portion of these awards contains the following conditions: • A service requirement—Awards generally “cliff” vest three years following the grant date; and • A performance condition—Awards are based on achieving specified EBIT CAGR performance targets for our or the applicable segment's EBIT during the third year of the performance period compared to the EBIT during the fiscal year immediately preceding the performance period. Participants will earn from 0% to 200% of the base award. In connection with the decision to move a significant portion of the long-term incentive opportunity from a two-year to a three-year performance period by eliminating PGI awards, in February 2018, we also granted participants a one-time transition PSU award, based upon EBIT CAGR over a two-year performance period. This award was paid in the first quarter 2020. Average payout percentage of base award was 114%, and the number of shares paid was .1. The cash portion payout was $4.1. 2C 2017 and prior PSU Awards The 2017 and prior PSU awards were based solely on relative TSR. Vesting conditions were the same as (2A) above other than the maximum payout of 175% of the base award. The 2017 PSU award was paid out in the first quarter of 2020 as presented below. Below is a summary of the number of shares and related grant date fair value of PSU’s for the periods presented: Nine Months Ended September 30, 2020 2019 TSR based Total shares base award .1 .1 Grant date per share fair value $ 38.23 $ 57.86 Risk-free interest rate 1.4 % 2.4 % Expected life in years 3.0 3.0 Expected volatility (over expected life) 24.0 % 21.5 % Expected dividend yield (over expected life) 3.6 % 3.4 % EBIT CAGR based Total shares base award .1 .1 Grant date per share fair value $ 40.52 $ 39.98 Vesting period in years 3.0 3.0 Three-Year Performance Cycle Award Year Completion Date TSR Performance Payout as a Number of Shares Cash Portion Distribution Date 2016 December 31, 2018 78th percentile —% — $ — First quarter 2019 2017 December 31, 2019 63rd percentile 49.0% .1 million $ 1.6 First quarter 2020 3 RSU Awards The RSU terms and conditions have been amended so that those who retire (1) after age 65 or (2) after the date where the participant’s age plus years of service are greater than or equal to 70 years, will continue to receive shares that will vest after the retirement date. Expense associated with these retirement-eligible employees will be recognized immediately at the RSU grant date. For those employees who become retirement eligible after the grant date, any remaining expense associated with those RSUs will be recognized at the date the employee meets the retirement-eligible criteria. For more information on the 2020 RSU award changes see the PSU section above.
Summary of Shares and Related Grant Date Fair Value	Below is a summary of the number of shares and related grant date fair value of PSU’s for the periods presented: Nine Months Ended September 30, 2020 2019 TSR based Total shares base award .1 .1 Grant date per share fair value $ 38.23 $ 57.86 Risk-free interest rate 1.4 % 2.4 % Expected life in years 3.0 3.0 Expected volatility (over expected life) 24.0 % 21.5 % Expected dividend yield (over expected life) 3.6 % 3.4 % EBIT CAGR based Total shares base award .1 .1 Grant date per share fair value $ 40.52 $ 39.98 Vesting period in years 3.0 3.0
Summary of Performance Cycle	Three-Year Performance Cycle Award Year Completion Date TSR Performance Payout as a Number of Shares Cash Portion Distribution Date 2016 December 31, 2018 78th percentile —% — $ — First quarter 2019 2017 December 31, 2019 63rd percentile 49.0% .1 million $ 1.6 First quarter 2020

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Estimated Fair Values of the Assets Acquired and Liabilities Assumed	The following table contains the estimated fair values (using inputs as discussed in Note 13 ) of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions during the periods presented. Of the goodwill included in the table below, $127.3 is expected to be deductible for tax purposes. Nine Months Ended September 30, 2019 Accounts receivable $ 71.1 Inventory 60.7 Property, plant and equipment 80.7 Goodwill 559.4 Other intangible assets: Customer relationships (15-year life) 372.3 Technology (15-year life) 173.3 Trademarks and trade names (15-year life) 65.8 Non-compete agreements and other (5-year life) 28.1 Other current and long-term assets 27.3 Current liabilities (44.3) Deferred income taxes (128.5) Other long-term liabilities (21.6) Net cash consideration $ 1,244.3
Summary of Acquisitions	The following table summarizes acquisitions for the periods presented. Nine Months Ended Number of Acquisitions Segment Product/Service September 30, 2020 None September 30, 2019 1 Bedding Products A leader in proprietary specialized foam technology, primarily for the bedding and furniture industries

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
LIFO Expense	The following table recaps the components of inventory for each period presented: September 30, December 31, Finished goods $ 265.4 $ 308.7 Work in process 50.8 54.4 Raw materials and supplies 318.5 323.5 LIFO reserve (49.4) (49.9) Total inventories, net $ 585.3 $ 636.7 The following table contains the LIFO activity for each of the periods presented. Nine Months Ended September 30, Three Months Ended September 30, 2020 2019 2020 2019 Balance, beginning of year $ (49.9) $ (82.2) $ (47.4) $ (71.8) LIFO (expense) benefit — 18.0 (2.0) 7.6 Allocated to divested businesses 1 .5 — — — Balance, end of period $ (49.4) $ (64.2) $ (49.4) $ (64.2) 1 During the second quarter 2020, we divested a small operation with annual external sales of approximately $10.0. No significant gain or loss was realized on the sale of this operation.

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 30, 2020
Retirement Benefits [Abstract]
Components of Net Pension Expense	The following table provides interim information as to our domestic and foreign defined benefit pension plans: Nine Months Ended Three Months Ended 2020 2019 2020 2019 Components of net pension expense Service cost $ 3.2 $ 3.0 $ 1.1 $ 1.0 Interest cost 5.5 6.4 1.8 2.1 Expected return on plan assets (9.0) (8.6) (3.0) (2.9) Recognized net actuarial loss 3.0 2.2 .9 .6 Net pension expense $ 2.7 $ 3.0 $ .8 $ .8

STATEMENT OF CHANGES IN EQUIT_2

STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Statement of Changes in Equity and Accumulated Other Comprehensive Income	Three Months Ended September 30, 2020 Total Retained Common Treasury Noncontrolling Accumulated Beginning balance, July 1, 2020 $ 1,214.6 $ 2,663.1 $ 539.8 $ (1,871.5) $ .4 $ (117.2) Net earnings attributable to Leggett & Platt, Inc. common shareholders 104.9 104.8 — — .1 — Dividends declared (See Note 6 ) (53.0) (54.4) 1.4 — — — Treasury stock purchased (1.9) — — (1.9) — — Treasury stock issued 1.7 — (4.1) 5.8 — — Foreign currency translation adjustments 26.0 — — — — 26.0 Cash flow hedges, net of tax 3.4 — — — — 3.4 Defined benefit pension plans, net of tax .4 — — — — .4 Stock-based compensation transactions, net of tax 3.9 — 3.9 — — — Ending balance, September 30, 2020 $ 1,300.0 $ 2,713.5 $ 541.0 $ (1,867.6) $ .5 $ (87.4) Three Months Ended September 30, 2019 Total Retained Common Treasury Noncontrolling Accumulated Beginning balance, July 1, 2019 $ 1,238.8 $ 2,656.2 $ 532.1 $ (1,887.9) $ .6 $ (62.2) Net earnings attributable to Leggett & Platt, Inc. common shareholders 99.6 99.6 — — — — Dividends declared (See Note 6 ) (52.6) (54.0) 1.4 — — — Dividends paid to noncontrolling interest (.2) — — — (.2) — Treasury stock purchased (7.4) — — (7.4) — — Treasury stock issued 6.6 — (4.5) 11.1 — — Foreign currency translation adjustments (32.9) — — — — (32.9) Cash flow hedges, net of tax (1.2) — — — — (1.2) Defined benefit pension plans, net of tax .5 — — — — .5 Stock-based compensation transactions, net of tax 4.4 — 4.4 — — — Ending balance, September 30, 2019 $ 1,255.6 $ 2,701.8 $ 533.4 $ (1,884.2) $ .4 $ (95.8) Nine Months Ended September 30, 2020 Total Retained Common Treasury Noncontrolling Accumulated Beginning balance, January 1, 2020 $ 1,312.5 $ 2,734.5 $ 538.1 $ (1,883.8) $ .5 $ (76.8) Effect of accounting change on prior years (Topic 326-See Note 7 ) (2.5) (2.5) — — — — Adjusted beginning balance, January 1, 2020 1,310.0 2,732.0 538.1 (1,883.8) .5 (76.8) Net earnings attributable to Leggett & Platt, Inc. common shareholders 144.5 144.4 — — .1 — Dividends declared (See Note 6 ) (158.8) (162.9) 4.1 — — — Treasury stock purchased (10.5) — — (10.5) — — Treasury stock issued 5.6 — (21.1) 26.7 — — Foreign currency translation adjustments (13.7) — — — (.1) (13.6) Cash flow hedges, net of tax .8 — — — — .8 Defined benefit pension plans, net of tax 2.2 — — — — 2.2 Stock-based compensation transactions, net of tax 19.9 — 19.9 — — — Ending balance, September 30, 2020 $ 1,300.0 $ 2,713.5 $ 541.0 $ (1,867.6) $ .5 $ (87.4) Nine Months Ended September 30, 2019 Total Retained Common Treasury Noncontrolling Accumulated Beginning balance, January 1, 2019 $ 1,157.6 $ 2,613.8 $ 529.1 $ (1,908.3) $ .6 $ (77.6) Effect of accounting change on prior years (Topic 842) .1 .1 — — — — Adjusted beginning balance, January 1, 2019 1,157.7 2,613.9 529.1 (1,908.3) .6 (77.6) Net earnings attributable to Leggett & Platt, Inc. common shareholders 247.0 247.0 — — — — Dividends declared (See Note 6 ) (155.0) (159.1) 4.1 — — — Dividends paid to noncontrolling interest (.2) — — — (.2) — Treasury stock purchased (19.9) — — (19.9) — — Treasury stock issued 23.5 — (20.5) 44.0 — — Foreign currency translation adjustments (23.1) — — — — (23.1) Cash flow hedges, net of tax 3.4 — — — — 3.4 Defined benefit pension plans, net of tax 1.5 — — — — 1.5 Stock-based compensation transactions, net of tax 20.7 — 20.7 — — — Ending balance, September 30, 2019 $ 1,255.6 $ 2,701.8 $ 533.4 $ (1,884.2) $ .4 $ (95.8)
Changes in Each Component of Accumulated Other Comprehensive Income (Loss)	The following tables set forth the components of and changes in each component of accumulated other comprehensive income (loss) for each of the periods presented: Three Months Ended September 30, Foreign Cash Defined Accumulated Balance, July 1, 2020 $ (61.1) $ (6.7) $ (49.4) $ (117.2) Other comprehensive income (loss) 26.0 3.4 (.3) 29.1 Reclassifications, pretax 1 — .7 .9 1.6 Income tax effect — (.7) (.2) (.9) Balance, September 30, 2020 $ (35.1) $ (3.3) $ (49.0) $ (87.4) Balance, July 1, 2019 $ (16.7) $ (7.2) $ (38.3) $ (62.2) Other comprehensive income (loss) (32.9) (3.2) .1 (36.0) Reclassifications, pretax 2 — 1.9 .6 2.5 Income tax effect — .1 (.2) (.1) Balance, September 30, 2019 $ (49.6) $ (8.4) $ (37.8) $ (95.8) 1 2020 pretax reclassifications are comprised of: Net trade sales $ — $ (.3) $ — $ (.3) Cost of goods sold; selling and administrative expenses — (.2) — (.2) Interest expense — 1.2 — 1.2 Other income (expense), net — — .9 .9 Total reclassifications, pretax $ — $ .7 $ .9 $ 1.6 2 2019 pretax reclassifications are comprised of: Net trade sales $ — $ .9 $ — $ .9 Cost of goods sold; selling and administrative expenses — (.1) — (.1) Interest expense — 1.1 — 1.1 Other income (expense), net — — .6 .6 Total reclassifications, pretax $ — $ 1.9 $ .6 $ 2.5 Nine Months Ended September 30, Foreign Cash Defined Accumulated Balance, January 1, 2020 $ (21.5) $ (4.1) $ (51.2) $ (76.8) Other comprehensive income (loss) (13.7) (.2) (.1) (14.0) Reclassifications, pretax 1 — 1.6 3.0 4.6 Income tax effect — (.6) (.7) (1.3) Attributable to noncontrolling interest .1 — — .1 Balance, September 30, 2020 $ (35.1) $ (3.3) $ (49.0) $ (87.4) Balance, January 1, 2019 $ (26.5) $ (11.8) $ (39.3) $ (77.6) Other comprehensive income (loss) (23.1) (1.4) (.2) (24.7) Reclassifications, pretax 2 — 6.1 2.2 8.3 Income tax effect — (1.3) (.5) (1.8) Balance, September 30, 2019 $ (49.6) $ (8.4) $ (37.8) $ (95.8) 1 2020 pretax reclassifications are comprised of: Net sales $ — $ (1.1) $ — $ (1.1) Cost of goods sold; selling and administrative expenses — (.7) — (.7) Interest expense — 3.4 — 3.4 Other income (expense), net — — 3.0 3.0 Total reclassifications, pretax $ — $ 1.6 $ 3.0 $ 4.6 2 2019 pretax reclassifications are comprised of: Net sales $ — $ 3.3 $ — $ 3.3 Cost of goods sold; selling and administrative expenses — (.5) — (.5) Interest expense — 3.3 — 3.3 Other income (expense), net — — 2.2 2.2 Total reclassifications, pretax $ — $ 6.1 $ 2.2 $ 8.3

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Components of Fair Value Measurements of Financial Assets and Liabilities	The areas in which we utilize fair value measures of financial assets and liabilities are presented in the table below. As of September 30, 2020 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Bank time deposits with original maturities of three months or less $ — $ 102.5 $ — $ 102.5 Derivative assets 1 ( Note 14 ) — 2.5 — 2.5 Diversified investments associated with the Executive Stock Unit Program (ESUP) 1 40.7 — — 40.7 Total assets $ 40.7 $ 105.0 $ — $ 145.7 Liabilities: Derivative liabilities 1 ( Note 14 ) $ — $ 2.1 $ — $ 2.1 Liabilities associated with the ESUP 1 40.7 — — 40.7 Total liabilities $ 40.7 $ 2.1 $ — $ 42.8 As of December 31, 2019 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Bank time deposits with original maturities of three months or less $ — $ 153.7 $ — $ 153.7 Derivative assets 1 ( Note 14 ) — 4.0 — 4.0 Diversified investments associated with the ESUP 1 41.0 — — 41.0 Total assets $ 41.0 $ 157.7 $ — $ 198.7 Liabilities: Derivative liabilities 1 ( Note 14 ) $ — $ .9 $ — $ .9 Liabilities associated with the ESUP 1 40.6 — — 40.6 Total liabilities $ 40.6 $ .9 $ — $ 41.5 1 Includes both current and long-term amounts.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments at Fair Value	The following table presents assets and liabilities representing the fair value of our most significant derivative financial instruments. The fair values of the derivatives reflect the change in the market value of the derivative from the date of the trade execution and do not consider the offsetting underlying hedged item. Expiring at various dates through: Total USD As of September 30, 2020 Assets Liabilities Other Current Sundry Other Current Other Long-Term Liabilities Derivatives designated as hedging instruments Cash flow hedges: Currency hedges: Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries Mar 2022 $ 124.4 $ 1.9 $ .3 $ .3 $ — Future DKK sales of Polish subsidiary Mar 2022 16.1 — — .5 .1 Future EUR sales of Chinese, Swiss and UK subsidiaries Mar 2022 32.5 — — .5 — Future MXN purchases of a USD subsidiary Mar 2022 9.4 — .1 .4 — Total cash flow hedges 1.9 .4 1.7 .1 Fair value hedges: Intercompany and third-party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CNY, PLN and USD) Dec 2020 45.8 — — .2 — Derivatives not designated as hedging instruments Non-deliverable hedges (EUR and USD) exposed to the CNY Sep 2021 10.0 .2 — — — EUR receivable on a HRK subsidiary Nov 2020 19.9 — — .1 — Total derivatives not designated as hedging instruments .2 — .1 — Total derivatives $ 2.1 $ .4 $ 2.0 $ .1 Expiring at various dates through: Total USD As of December 31, 2019 Assets Liabilities Other Current Sundry Other Current Derivatives designated as hedging instruments Cash flow hedges: Currency hedges: Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries Sep 2021 $ 138.5 $ 1.3 $ .2 $ .7 Future MXN purchases of a USD subsidiary Jun 2021 9.8 .5 .1 — Future DKK sales of a Polish subsidiary Jun 2021 21.1 .3 — — Future EUR sales of Chinese and UK subsidiaries Jun 2021 29.9 .7 — — Total cash flow hedges 2.8 .3 .7 Fair value hedges: Intercompany and third-party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CHF, CNY, GBP, PLN and USD) May 2020 112.0 .8 — .1 Derivatives not designated as hedging instruments Non-deliverable hedges (EUR and USD) exposed to the CNY Dec 2020 10.1 .1 — — Hedge of USD receivable on a CAD subsidiary Jan 2020 5.0 — — .1 Total derivatives not designated as hedging instruments .1 — .1 Total derivatives $ 3.7 $ .3 $ .9
Pre-Tax (Gains) Losses of Hedging Activities	The following table sets forth the pretax (gains) losses for our hedging activities for the years presented. This schedule includes reclassifications (including impact of underlying transactions probable of not occurring) from accumulated other comprehensive income (see Note 12 ) as well as derivative settlements recorded directly to income or expense. Caption in Consolidated Condensed Statements of Operations Amount of (Gain) Loss Recorded in Income Nine Months Ended Amount of (Gain) Loss Recorded in Income Three Months Ended September 30, 2020 2019 2020 2019 Derivatives designated as hedging instruments Interest rate cash flow hedges Interest expense $ 3.4 $ 3.3 $ 1.2 $ 1.1 Currency cash flow hedges Net trade sales 1.6 2.3 .4 .8 Currency cash flow hedges Cost of goods sold (.2) (1.2) .1 (.5) Currency cash flow hedges Other (income) expense, net — .1 — .1 Total cash flow hedges 4.8 4.5 1.7 1.5 Fair value hedges Other (income) expense, net 1.0 1.8 (1.5) 1.2 Derivatives not designated as hedging instruments Other (income) expense, net — .3 .2 .2 Total derivative instruments $ 5.8 $ 6.6 $ .4 $ 2.9

OTHER (INCOME) EXPENSE (Tables)

OTHER (INCOME) EXPENSE (Tables)	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
Other (income ) expense	The components of other (income) expense from continuing operations were as follows: Nine Months Ended Three Months Ended 2020 2019 2020 2019 Restructuring charges 1 $ 7.6 $ 5.3 $ 5.1 $ 3.4 Currency loss (income) .3 1.2 1.9 (.6) Gain from diversified investments associated with Executive Stock Unit Program (See Note 8 ) (1.1) (4.8) (2.3) (.3) COVID-19 government subsidies 2 (18.4) — (7.0) — Other expense (income) .3 (2.1) 2.1 (1.0) $ (11.3) $ (.4) $ (.2) $ 1.5 1 We incurred severance expense, primarily for permanent workforce reductions, in the third and second quarters of 2020 of $5.1 and $1.9, respectively, associated with changes in management and organizational structure in response to the effect the COVID-19 pandemic has had on the nature and focus of our operations. See Note 18 for additional information. Additionally, for the three and nine months ended September 30, 2020, we incurred $.6 and $1.6 of restructuring-related expenses associated with writedowns of inventories (reported in cost of goods sold) and long-lived asset impairments (reported in impairments) related to the wind down of the 2018 Restructuring Plan.

CONTINGENCIES (Tables)

CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of Litigation Contingency Accruals	Although we deny liability in all threatened or pending litigation proceedings in which we are or may be a party and believe that we have valid bases to contest all claims threatened or made against us, we have recorded a litigation contingency accrual for our reasonable estimate of probable loss for pending and threatened litigation proceedings, in aggregate, as follows: Nine Months Ended September 30, Three Months Ended September 30, 2020 2019 2020 2019 Litigation contingency accrual - Beginning of period $ .7 $ 1.9 $ .5 $ 2.1 Adjustment to accruals - expense .1 .2 — — Currency (.1) — — — Cash payments (.2) (1.8) — (1.8) Litigation contingency accrual - End of period $ .5 $ .3 $ .5 $ .3

REVENUE - By Major Source (Deta

REVENUE - By Major Source (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Net trade sales	$ 1,207.6	$ 1,239.3	$ 3,098.2	$ 3,607.6
Bedding Products | Bedding group
Disaggregation of Revenue [Line Items]
Net trade sales	589.8	601.4	1,491	1,724.1
Specialized Products
Disaggregation of Revenue [Line Items]
Net trade sales	242.9	267.2	618.2	797.1
Specialized Products | Automotive group
Disaggregation of Revenue [Line Items]
Net trade sales	207.9	209.6	487.1	607.6
Specialized Products | Aerospace Products group
Disaggregation of Revenue [Line Items]
Net trade sales	19.6	36.2	79.8	116.3
Specialized Products | Hydraulic Cylinders group
Disaggregation of Revenue [Line Items]
Net trade sales	15.4	21.4	51.3	73.2
Furniture, Flooring & Textile Products
Disaggregation of Revenue [Line Items]
Net trade sales	374.9	370.7	989	1,086.4
Furniture, Flooring & Textile Products | Home Furniture group
Disaggregation of Revenue [Line Items]
Net trade sales	89.6	86.3	220.6	264.6
Furniture, Flooring & Textile Products | Work Furniture group
Disaggregation of Revenue [Line Items]
Net trade sales	59.3	77.1	168.3	224.8
Furniture, Flooring & Textile Products | Flooring & Textile Products group
Disaggregation of Revenue [Line Items]
Net trade sales	$ 226	$ 207.3	$ 600.1	$ 597

SEGMENT INFORMATION - Summary o

SEGMENT INFORMATION - Summary of Segment Results from Continuing Operations (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)segment	Sep. 30, 2019USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			3
Net trade sales	$ 1,207.6	$ 1,239.3	$ 3,098.2	$ 3,607.6
Total Sales	1,221.2	1,254.6	3,134.3	3,653.2
EBIT	147.3	144.1	250.8	378.3
Depreciation and Amortization	47	48.4	141	144.7
Goodwill impairment	0		25.4	0
Hydraulic Cylinders group
Segment Reporting Information [Line Items]
Goodwill impairment			25.4
Bedding Products
Segment Reporting Information [Line Items]
Total Sales	599.8	612.2	1,514.6	1,755.3
EBIT	73.6	70.7	122.2	178.3
Depreciation and Amortization	26.6	27.5	79.7	80.5
Goodwill impairment	0		0
Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	242.9	267.2	618.2	797.1
Total Sales	243.7	268.1	620.2	799.6
EBIT	32.7	44.4	40.7	121.6
Depreciation and Amortization	10.7	10.4	32.5	31
Goodwill impairment	0		25.4
Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	374.9	370.7	989	1,086.4
Total Sales	377.7	374.3	999.5	1,098.3
EBIT	41.7	29.3	91.6	79.2
Depreciation and Amortization	6.3	6.4	19.1	19.7
Operating segments
Segment Reporting Information [Line Items]
Net trade sales	1,207.6	1,239.3	3,098.2	3,607.6
Operating segments | Bedding Products
Segment Reporting Information [Line Items]
Net trade sales	589.8	601.4	1,491	1,724.1
Operating segments | Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	242.9	267.2	618.2	797.1
Operating segments | Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	374.9	370.7	989	1,086.4
Intersegment eliminations
Segment Reporting Information [Line Items]
Net trade sales	13.6	15.3	36.1	45.6
EBIT	(0.7)	(0.3)	(3.7)	(0.8)
Depreciation and Amortization	3.4	4.1	9.7	13.5
Intersegment eliminations | Bedding Products
Segment Reporting Information [Line Items]
Net trade sales	10	10.8	23.6	31.2
Intersegment eliminations | Specialized Products
Segment Reporting Information [Line Items]
Net trade sales	0.8	0.9	2	2.5
Intersegment eliminations | Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Net trade sales	$ 2.8	$ 3.6	$ 10.5	$ 11.9

SEGMENT INFORMATION - Average A

SEGMENT INFORMATION - Average Assets for Segments (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total assets	$ 4,663.8	$ 4,816.4
Operating segments | Bedding Products
Segment Reporting Information [Line Items]
Total assets	756.7	816.9
Operating segments | Specialized Products
Segment Reporting Information [Line Items]
Total assets	301.7	346.4
Operating segments | Furniture, Flooring & Textile Products
Segment Reporting Information [Line Items]
Total assets	355.4	383.2
Operating segments | Average current liabilities included in segment numbers above
Segment Reporting Information [Line Items]
Total assets	629.4	735.3
Unallocated assets
Segment Reporting Information [Line Items]
Total assets	2,592.4	2,662.7
Difference between average assets and period-end balance sheet
Segment Reporting Information [Line Items]
Total assets	$ 28.2	$ (128.1)

IMPAIRMENT CHARGES (Impairment)

IMPAIRMENT CHARGES (Impairment) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill impairment	$ 0		$ 25.4	$ 0
Other Long-Lived Assets Impairments	0	$ 1.4	4	5.7
Total Impairments	0	1.4	29.4	5.7
Bedding Products
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill impairment	0		0
Other Long-Lived Assets Impairments	0	0.8	0.3	4.3
Total Impairments	0		0.3
Specialized Products
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill impairment	0		25.4
Other Long-Lived Assets Impairments	0	0	0	0
Total Impairments	0		25.4
Furniture, Flooring & Textile Products
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill impairment	0		0
Other Long-Lived Assets Impairments	0	0.6	0.2	1.4
Total Impairments	0		0.2
Unallocated
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill impairment	0		0
Other Long-Lived Assets Impairments	0	$ 0	3.5	$ 0
Total Impairments	$ 0		$ 3.5

IMPAIRMENT CHARGES (Goodwill) (

IMPAIRMENT CHARGES (Goodwill) (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)reporting_unit	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Goodwill [Line Items]
Goodwill impairment	$ 0	$ 25.4	$ 0
Goodwill Value	$ 1,380.3	$ 1,380.3		$ 1,406.3
Fair Value Inputs, Long Term Growth Rate, Debt-free Cash Flow	3.00%	3.00%		3.00%
Hydraulic Cylinders group
Goodwill [Line Items]
Goodwill impairment		$ 25.4
Percentage of fair value in excess of carrying amount				29.00%
Bedding group
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount	68.00%	68.00%		85.00%
Goodwill Value	$ 855.1	$ 855.1
Aerospace Products group
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount	51.00%	51.00%		139.00%
Goodwill Value	$ 59.2	$ 59.2
Less than 50%
Goodwill [Line Items]
Goodwill Value	$ 96.1	$ 96.1		$ 26
Fair Value Inputs, Long Term Growth Rate, Debt-free Cash Flow	3.00%	3.00%		3.00%
Number of reporting units | reporting_unit		1
Less than 50% | Work Furniture group
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount	25.00%	25.00%		126.00%
50%-100%
Goodwill [Line Items]
Goodwill Value	$ 914.3	$ 914.3		$ 855.9
Fair Value Inputs, Long Term Growth Rate, Debt-free Cash Flow	3.00%	3.00%		3.00%
Number of reporting units | reporting_unit		2
101% - 300%
Goodwill [Line Items]
Goodwill Value	$ 246.1	$ 246.1		$ 400.9
Fair Value Inputs, Long Term Growth Rate, Debt-free Cash Flow	3.00%	3.00%		3.00%
301% - 600%
Goodwill [Line Items]
Goodwill Value	$ 123.8	$ 123.8		$ 123.5
Fair Value Inputs, Long Term Growth Rate, Debt-free Cash Flow	3.00%	3.00%		3.00%
Minimum
Goodwill [Line Items]
Ten Year Compound Annual Growth Rate CAGR For Sales	1.60%	1.60%		1.30%
Goodwill Impairment Inputs, Discount Rate	8.50%	8.50%		7.50%
Minimum | 50%-100%
Goodwill [Line Items]
Ten Year Compound Annual Growth Rate CAGR For Sales	2.00%	2.00%
Goodwill Impairment Inputs, Discount Rate	9.00%	9.00%		8.50%
Minimum | 101% - 300%
Goodwill [Line Items]
Ten Year Compound Annual Growth Rate CAGR For Sales	1.60%	1.60%		1.30%
Goodwill Impairment Inputs, Discount Rate	8.50%	8.50%		7.50%
Maximum
Goodwill [Line Items]
Ten Year Compound Annual Growth Rate CAGR For Sales	6.70%	6.70%		11.10%
Goodwill Impairment Inputs, Discount Rate	10.00%	10.00%		9.50%
Maximum | Less than 50%
Goodwill [Line Items]
Ten Year Compound Annual Growth Rate CAGR For Sales	2.10%	2.10%		5.80%
Goodwill Impairment Inputs, Discount Rate	9.00%	9.00%		8.00%
Maximum | 50%-100%
Goodwill [Line Items]
Ten Year Compound Annual Growth Rate CAGR For Sales	3.60%	3.60%		3.80%
Goodwill Impairment Inputs, Discount Rate	10.00%	10.00%		9.50%
Maximum | 101% - 300%
Goodwill [Line Items]
Ten Year Compound Annual Growth Rate CAGR For Sales	1.70%	1.70%		5.50%
Goodwill Impairment Inputs, Discount Rate	9.50%	9.50%		8.00%
Maximum | 301% - 600%
Goodwill [Line Items]
Ten Year Compound Annual Growth Rate CAGR For Sales	6.70%	6.70%		11.10%
Goodwill Impairment Inputs, Discount Rate	9.00%	9.00%		8.50%

EARNINGS PER SHARE (EPS) - Calc

EARNINGS PER SHARE (EPS) - Calculation of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net earnings
Net earnings	$ 104.9	$ 99.6	$ 144.5	$ 247
(Earnings) attributable to noncontrolling interest, net of tax	(0.1)	0	(0.1)	0
Net earnings attributable to Leggett & Platt, Inc. common shareholders	$ 104.8	$ 99.6	$ 144.4	$ 247
Weighted average number of shares (in millions):
Weighted average number of common shares used in basic EPS (in shares)	135.8	134.9	135.6	134.7
Dilutive effect of stock-based compensation (in shares)	0.3	0.5	0.2	0.5
Weighted average number of common shares and dilutive potential common shares used in diluted EPS (in shares)	136.1	135.4	135.8	135.2
Basic and Diluted EPS:
Basic EPS attributable to Leggett & Platt, Inc. common shareholders (in dollars per share)	$ 0.77	$ 0.74	$ 1.06	$ 1.83
Diluted EPS attributable to Leggett & Platt, Inc. common shareholders (in dollars per share)	$ 0.77	$ 0.74	$ 1.06	$ 1.83
Other information:
Anti-dilutive shares excluded from diluted EPS computation (in shares)	0.2	0.2	0.3	0.2
Cash dividends declared per share (in dollars per share)	$ 0.40	$ 0.40	$ 1.20	$ 1.18

ACCOUNTS AND OTHER RECEIVABLE_2

ACCOUNTS AND OTHER RECEIVABLES - New ASU (Details) - USD ($) $ in Millions	Jan. 01, 2020	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201602Member
Trade receivables, net		$ 564.4		$ 621.8
Other current assets		973.7
Property, plant and equipment		830.8		785.7
Other assets		2,447.5
TOTAL ASSETS		4,816.4		4,663.8
Current liabilities		928.1		947.4
Long-term liabilities		2,575.8		2,416.4
Retained earnings		2,734.5		2,713.5
Other equity		(1,422)
TOTAL LIABILITIES AND EQUITY		$ 4,816.4		$ 4,663.8
Cumulative effect adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Trade receivables, net	$ (3.3)
Other current assets	0
Property, plant and equipment	0
Other assets	0
TOTAL ASSETS	(3.3)
Current liabilities	0
Long-term liabilities	(0.8)
Retained earnings	(2.5)
Other equity	0
TOTAL LIABILITIES AND EQUITY	(3.3)
Adjusted balance
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Trade receivables, net	561.1
Other current assets	973.7
Property, plant and equipment	830.8
Other assets	2,447.5
TOTAL ASSETS	4,813.1
Current liabilities	928.1
Long-term liabilities	2,575
Retained earnings	2,732
Other equity	(1,422)
TOTAL LIABILITIES AND EQUITY	$ 4,813.1

ACCOUNTS AND OTHER RECEIVABLE_3

ACCOUNTS AND OTHER RECEIVABLES - Components of Accounts and Other Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current
Trade accounts receivable	$ 642.6	$ 571.8
Trade notes receivable	1.2	1.1
Total trade receivables	643.8	572.9
Other notes receivable	0	0
Taxes receivable, including income taxes	11.3	15.8
Other receivables	9.2	11.7
Subtotal other receivables	20.5	27.5
Total trade and other receivables	664.3	600.4
Allowance for doubtful accounts:
Trade accounts receivable	(22)	(8.4)
Trade notes receivable	0	(0.1)
Total trade receivables	(22)	(8.5)
Other notes receivable	0	0
Total allowance for doubtful accounts	(22)	(8.5)
Total receivables, net	642.3	591.9
Long-term
Trade accounts receivable	0	0
Trade notes receivable	0.4	0.6
Total trade receivables	0.4	0.6
Other notes receivable	23	23.4
Taxes receivable, including income taxes	0	0
Other receivables	0	0
Subtotal other receivables	23	23.4
Total trade and other receivables	23.4	24
Allowance for doubtful accounts:
Trade accounts receivable	0	0
Trade notes receivable	0	0
Total trade receivables	0	0
Other notes receivable	(23)	(15)
Total allowance for doubtful accounts	(23)	(15)
Total net receivables	0.4	9
Bedding Products
Current
Trade accounts receivable	25	26
Allowance for doubtful accounts:
Allowance for credit losses	25	16
Notes Receivable | Bedding Products
Allowance for doubtful accounts:
Allowance for credit losses	23	15
Trade Accounts Receivable | Bedding Products
Allowance for doubtful accounts:
Allowance for credit losses	$ 2	$ 1

ACCOUNTS AND OTHER RECEIVABLE_4

ACCOUNTS AND OTHER RECEIVABLES - Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	$ 23.5
Add: Charges	19.4	$ 2.3
Less: Net Charge-offs/ (Recoveries) and Other	1.2
Balance at End of Period	45
Trade accounts receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	8.4
Add: Charges	11.5
Less: Net Charge-offs/ (Recoveries) and Other	1.2
Balance at End of Period	22
Trade notes receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	0.1
Add: Charges	(0.1)
Less: Net Charge-offs/ (Recoveries) and Other	0
Balance at End of Period	0
Total trade receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	8.5
Add: Charges	11.4
Less: Net Charge-offs/ (Recoveries) and Other	1.2
Balance at End of Period	22
Other notes receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	15
Add: Charges	8
Less: Net Charge-offs/ (Recoveries) and Other	0
Balance at End of Period	23
Cumulative effect adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	3.3
Cumulative effect adjustment | Trade accounts receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	3.3
Cumulative effect adjustment | Trade notes receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	0
Cumulative effect adjustment | Total trade receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	3.3
Cumulative effect adjustment | Other notes receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	0
Adjusted balance
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	26.8
Adjusted balance | Trade accounts receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	11.7
Adjusted balance | Trade notes receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	0.1
Adjusted balance | Total trade receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	11.8
Adjusted balance | Other notes receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	$ 15

STOCK-BASED COMPENSATION - Comp

STOCK-BASED COMPENSATION - Components of Stock Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation			$ 20.6	$ 23.9
Tax benefits on stock-based compensation expense	$ 1.7	$ 2.2	5.2	6.9
To be settled with stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	5	4.2	12.7	14.5
Employee contributions for above stock plans	2.7	3.2	7.9	9.4
Total stock-based compensation	7.7	7.4	20.6	23.9
Tax benefits on stock-based compensation expense	1.2	1	3	3.4
To be settled with stock | Tax benefits on stock-based compensation payments
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefits on stock-based compensation expense	0.5	1.2	2.2	3.5
To be settled with stock | Stock-based retirement plans contributions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	1.9	1.1	1.9	2.6
To be settled with stock | Deferred Stock Compensation Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.7	0.5	1.6	1.6
To be settled with stock | Stock-based retirement plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.5	0.4	0.9	0.9
To be settled with stock | Discount Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.2	0.2	0.7	0.8
To be settled with stock | 2018 and later PSU - TSR based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.7	0.7	2.4	2.2
To be settled with stock | 2018 and later PSU - E B I T C A G R based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.1	0	(1.8)	2.7
To be settled with stock | 2017 and prior PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0	0.4	0	1.3
To be settled with stock | Restricted Stock Unit (RSU) awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.7	0.5	6.1	1.5
To be settled with stock | Other, primarily non-employee directors restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.2	0.4	0.9	0.9
To be settled in cash
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	2.1	1.7	(1.8)	5.3
To be settled in cash | Stock-based retirement plans contributions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.3	0.2	0.5	0.5
To be settled in cash | Deferred Stock Compensation Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0	0	0	0
To be settled in cash | Stock-based retirement plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0	0	0	0
To be settled in cash | Discount Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0	0	0	0
To be settled in cash | 2018 and later PSU - TSR based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	1.3	0.8	(0.5)	1.5
To be settled in cash | 2018 and later PSU - E B I T C A G R based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0.5	0.3	(1.9)	3.1
To be settled in cash | 2017 and prior PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0	0.4	0.1	0.2
To be settled in cash | Restricted Stock Unit (RSU) awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	0	0	0	0
To be settled in cash | Other, primarily non-employee directors restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-related compensation expense (income)	$ 0	$ 0	$ 0	$ 0

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Details) shares in Millions, $ in Millions	1 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2018	Sep. 30, 2020USD ($)companyshares	Dec. 31, 2019
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
PSUs | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of award vesting		22.20%
PSUs | Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of award vesting		22.20%
PSUs | Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of award vesting		22.20%
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
RSUs | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of award vesting		11.10%
RSUs | Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of award vesting		11.10%
RSUs | Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of award vesting		11.10%
2017 and prior PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved right to pay percentage in cash (up to)		100.00%
Award performance period		3 years
2017 and prior PSU awards | Relative TSR and EBIT CAGR
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of award intended to pay out in stock			50.00%
Percentage recorded as a liability			50.00%
Reserved percentage of award intended to pay out in cash			100.00%
2017 and prior PSU awards | TSR
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Percentage of award vesting		50.00%
Number of companies forming peer group | company		300
Base award percentage of Total Shareholder Return		175.00%
2017 and prior PSU awards | TSR | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base award percentage of Total Shareholder Return		200.00%
2018 and later PSU - E B I T C A G R based | TSR | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base award percentage of Total Shareholder Return		0.00%
2018 and later PSU - E B I T C A G R based | EBIT CAGR
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years	2 years
Percentage of award vesting		50.00%
Period in which expense is recognized		3 years
Average payout percentage of base award		114.00%
Total shares base award (in shares) | shares		0.1
Cash portion | $		$ 4.1
2018 and later PSU - E B I T C A G R based | EBIT CAGR | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base award percentage of Total Shareholder Return		0.00%
2018 and later PSU - E B I T C A G R based | EBIT CAGR | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Base award percentage of Total Shareholder Return		200.00%
2018 and later PSU - E B I T C A G R based | EBIT CAGR, one-time vesting period transition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years
Stock-based retirement plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Participants in executive stock unit		10.00%
Company contributions in first match		50.00%
Company contributions in second match		50.00%
Stock units are converted to common stock ratio		1

STOCK-BASED COMPENSATION - Summ

STOCK-BASED COMPENSATION - Summary of Performance Stock Units (Details) - Performance Stock Unit - $ / shares shares in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
TSR
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares base award (in shares)	0.1	0.1
Grant date per share fair value (in dollars per share)	$ 38.23	$ 57.86
Risk-free interest rate	1.40%	2.40%
Expected life in years	3 years	3 years
Expected volatility (over expected life)	24.00%	21.50%
Expected dividend yield (over expected life)	3.60%	3.40%
EBIT CAGR
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares base award (in shares)	0.1	0.1
Grant date per share fair value (in dollars per share)	$ 40.52	$ 39.98
Vesting period	3 years	3 years

STOCK-BASED COMPENSATION - Sche

STOCK-BASED COMPENSATION - Schedule of Performance Cycles (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
3 year performance cycle, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
TSR Performance Relative to the Peer Group (1% Best)		78.00%
Payout as a Percent of the Base Award		0.00%
Number of Shares Distributed (less than) (in shares)		0
Cash Portion		$ 0
3 year performance cycle, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
TSR Performance Relative to the Peer Group (1% Best)	63.00%
Payout as a Percent of the Base Award	49.00%
Number of Shares Distributed (less than) (in shares)	0.1
Cash Portion	$ 1.6

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) - USD ($) $ in Millions	Jan. 16, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill, expected to provide a tax benefit			$ 127.3
Contingent consideration, liability		$ 0		$ 9.2
Additional consideration including interest paid		$ 8.4	1.1
ECS
Business Acquisition [Line Items]
Purchase price	$ 1,244.3		1,244.3
Goodwill acquired	559.3
ECS | Customer relationships (15-year life)
Business Acquisition [Line Items]
Other intangible assets:	372.3		372.3
ECS | Technology (15-year life)
Business Acquisition [Line Items]
Other intangible assets:	$ 173.3		$ 173.3

ACQUISITIONS - Estimated Fair V

ACQUISITIONS - Estimated Fair Values Of The Assets Acquired And Liabilities Assumed (Details) - USD ($) $ in Millions	Jan. 16, 2019	Sep. 30, 2019	Sep. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill			$ 1,380.3	$ 1,406.3
ECS
Business Acquisition [Line Items]
Accounts receivable		$ 71.1
Inventory		60.7
Property, plant and equipment		80.7
Goodwill		559.4
Other current and long-term assets		27.3
Current liabilities		(44.3)
Deferred income taxes		(128.5)
Other long-term liabilities		(21.6)
Net cash consideration	$ 1,244.3	1,244.3
Customer relationships (15-year life) | ECS
Business Acquisition [Line Items]
Other intangible assets:	372.3	$ 372.3
Useful life		15 years
Technology (15-year life) | ECS
Business Acquisition [Line Items]
Other intangible assets:	$ 173.3	$ 173.3
Useful life		15 years
Trademarks and trade names (15-year life) | ECS
Business Acquisition [Line Items]
Other intangible assets:		$ 65.8
Useful life		15 years
Non-compete agreements and other (5-year life) | ECS
Business Acquisition [Line Items]
Other intangible assets:		$ 28.1
Useful life		5 years

ACQUISITIONS - Purchase Price A

ACQUISITIONS - Purchase Price Allocations Related To Acquisitions (Details) - acquisition	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Business Acquisition [Line Items]
Number of Acquisitions	0	1
Bedding group | A leader in proprietary specialized foam technology, primarily for the bedding and furniture industries
Business Acquisition [Line Items]
Number of Acquisitions		1

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 265.4		$ 308.7
Work in process	50.8		54.4
Raw materials and supplies	318.5		323.5
LIFO reserve	(49.4)	$ (47.4)	(49.9)	$ (64.2)	$ (71.8)	$ (82.2)
Total inventories, net	$ 585.3		$ 636.7
Percentage of LIFO inventory	40.00%

INVENTORIES - LIFO activity (De

INVENTORIES - LIFO activity (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Inventory, LIFO Reserve, Rollforward [Roll Forward]
Balance, beginning of year	$ (47.4)		$ (71.8)	$ (49.9)	$ (82.2)
LIFO (expense) benefit	(2)		7.6	0	18
Allocated to divested businesses	0		0	0.5	0
Balance, end of period	$ (49.4)	$ (47.4)	$ (64.2)	$ (49.4)	$ (64.2)
External sales from divested operation		$ 10

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Retirement Benefits [Abstract]
Expected employer contribution	$ 2		$ 2
Components of net pension expense
Service cost	1.1	$ 1	3.2	$ 3
Interest cost	1.8	2.1	5.5	6.4
Expected return on plan assets	(3)	(2.9)	(9)	(8.6)
Recognized net actuarial loss	0.9	0.6	3	2.2
Net pension expense	$ 0.8	$ 0.8	$ 2.7	$ 3

STATEMENT OF CHANGES IN EQUIT_3

STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Statement of Changes in Equity (Details) - USD ($) $ in Millions	Jan. 01, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 1,312.5	$ 1,214.6	$ 1,238.8	$ 1,312.5	$ 1,157.6	$ 1,157.6
Net earnings		104.9	99.6	144.5	247
Dividends declared		(53)	(52.6)	(158.8)	(155)
Dividends paid to noncontrolling interest			(0.2)		(0.2)
Treasury stock purchased		(1.9)	(7.4)	(10.5)	(19.9)
Treasury stock issued		1.7	6.6	5.6	23.5
Foreign currency translation adjustments		26	(32.9)	(13.7)	(23.1)
Cash flow hedges, net of tax		3.4	(1.2)	0.8	3.4
Defined benefit pension plans, net of tax		0.4	0.5	2.2	1.5
Stock-based compensation transactions, net of tax		3.9	4.4	19.9	20.7
Ending balance		1,300	1,255.6	1,300	1,255.6	$ 1,312.5	$ 1,157.6
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member					us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201602Member
Cumulative effect adjustment
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ (2.5)			(2.5)	0.1	$ 0.1
Ending balance						(2.5)	$ 0.1
Adjusted balance
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,310			1,310	1,157.7	1,157.7
Ending balance						1,310	1,157.7
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	2,734.5	2,663.1	2,656.2	2,734.5	2,613.8	2,613.8
Net earnings		104.8	99.6	144.4	247
Dividends declared		(54.4)	(54)	(162.9)	(159.1)
Ending balance		2,713.5	2,701.8	2,713.5	2,701.8	2,734.5	2,613.8
Retained Earnings | Cumulative effect adjustment
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(2.5)			(2.5)	0.1	0.1
Ending balance						(2.5)	0.1
Retained Earnings | Adjusted balance
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	2,732			2,732	2,613.9	2,613.9
Ending balance						2,732	2,613.9
Common Stock & Additional Contributed Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	538.1	539.8	532.1	538.1	529.1	529.1
Dividends declared		1.4	1.4	4.1	4.1
Treasury stock issued		(4.1)	(4.5)	(21.1)	(20.5)
Stock-based compensation transactions, net of tax		3.9	4.4	19.9	20.7
Ending balance		541	533.4	541	533.4	538.1	529.1
Common Stock & Additional Contributed Capital | Adjusted balance
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	538.1			538.1	529.1	529.1
Ending balance						538.1	529.1
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(1,883.8)	(1,871.5)	(1,887.9)	(1,883.8)	(1,908.3)	(1,908.3)
Treasury stock purchased		(1.9)	(7.4)	(10.5)	(19.9)
Treasury stock issued		5.8	11.1	26.7	44
Ending balance		(1,867.6)	(1,884.2)	(1,867.6)	(1,884.2)	(1,883.8)	(1,908.3)
Treasury Stock | Adjusted balance
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(1,883.8)			(1,883.8)	(1,908.3)	(1,908.3)
Ending balance						(1,883.8)	(1,908.3)
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	0.5	0.4	0.6	0.5	0.6	0.6
Net earnings		0.1		0.1
Dividends paid to noncontrolling interest			(0.2)		(0.2)
Foreign currency translation adjustments				(0.1)
Ending balance		0.5	0.4	0.5	0.4	0.5	0.6
Noncontrolling Interest | Adjusted balance
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	0.5			0.5	0.6	0.6
Ending balance						0.5	0.6
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(76.8)	(117.2)	(62.2)	(76.8)	(77.6)	(77.6)
Foreign currency translation adjustments		26	(32.9)	(13.6)	(23.1)
Cash flow hedges, net of tax		3.4	(1.2)	0.8	3.4
Defined benefit pension plans, net of tax		0.4	0.5	2.2	1.5
Ending balance		$ (87.4)	$ (95.8)	(87.4)	(95.8)	(76.8)	(77.6)
Accumulated Other Comprehensive Income (Loss) | Adjusted balance
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ (76.8)			$ (76.8)	$ (77.6)	(77.6)
Ending balance						$ (76.8)	$ (77.6)

STATEMENT OF CHANGES IN EQUIT_4

STATEMENT OF CHANGES IN EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 1,214.6	$ 1,238.8	$ 1,312.5	$ 1,157.6
Other comprehensive income (loss)	29.1	(36)	(14)	(24.7)
Reclassifications, pretax	1.6	2.5	4.6	8.3
Income tax effect	(0.9)	(0.1)	(1.3)	(1.8)
Attributable to noncontrolling interest			0.1
Ending balance	1,300	1,255.6	1,300	1,255.6
Net trade sales	1,207.6	1,239.3	3,098.2	3,607.6
Cost of goods sold; selling and administrative expenses	940.8	963.8	2,462.3	2,829.4
Interest expense	20.9	22.6	63.2	68.5
Net earnings	104.9	99.6	144.5	247
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(61.1)	(16.7)	(21.5)	(26.5)
Other comprehensive income (loss)	26	(32.9)	(13.7)	(23.1)
Reclassifications, pretax	0	0	0	0
Income tax effect	0	0	0	0
Attributable to noncontrolling interest			0.1
Ending balance	(35.1)	(49.6)	(35.1)	(49.6)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(6.7)	(7.2)	(4.1)	(11.8)
Other comprehensive income (loss)	3.4	(3.2)	(0.2)	(1.4)
Reclassifications, pretax	0.7	1.9	1.6	6.1
Income tax effect	(0.7)	0.1	(0.6)	(1.3)
Attributable to noncontrolling interest			0
Ending balance	(3.3)	(8.4)	(3.3)	(8.4)
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(49.4)	(38.3)	(51.2)	(39.3)
Other comprehensive income (loss)	(0.3)	0.1	(0.1)	(0.2)
Reclassifications, pretax	0.9	0.6	3	2.2
Income tax effect	(0.2)	(0.2)	(0.7)	(0.5)
Attributable to noncontrolling interest			0
Ending balance	(49)	(37.8)	(49)	(37.8)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(117.2)	(62.2)	(76.8)	(77.6)
Ending balance	(87.4)	(95.8)	(87.4)	(95.8)
Reclassification out of AOCI | Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Net trade sales	0	0	0	0
Cost of goods sold; selling and administrative expenses	0	0	0	0
Interest expense	0	0	0	0
Other income (expense), net	0	0	0	0
Net earnings	0	0	0	0
Reclassification out of AOCI | Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Net trade sales	(0.3)	0.9	(1.1)	3.3
Cost of goods sold; selling and administrative expenses	(0.2)	(0.1)	(0.7)	(0.5)
Interest expense	1.2	1.1	3.4	3.3
Other income (expense), net	0	0	0	0
Net earnings	0.7	1.9	1.6	6.1
Reclassification out of AOCI | Defined Benefit Pension Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Net trade sales	0	0	0	0
Cost of goods sold; selling and administrative expenses	0	0	0	0
Interest expense	0	0	0	0
Other income (expense), net	0.9	0.6	3	2.2
Net earnings	0.9	0.6	3	2.2
Reclassification out of AOCI | Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Net trade sales	(0.3)	0.9	(1.1)	3.3
Cost of goods sold; selling and administrative expenses	(0.2)	(0.1)	(0.7)	(0.5)
Interest expense	1.2	1.1	3.4	3.3
Other income (expense), net	0.9	0.6	3	2.2
Net earnings	$ 1.6	$ 2.5	$ 4.6	$ 8.3

FAIR VALUE - Items Measured at

FAIR VALUE - Items Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Total
Cash equivalents:
Derivative assets	$ 2.5	$ 4
Total assets	145.7	198.7
Liabilities:
Derivative liabilities	2.1	0.9
Total liabilities	42.8	41.5
Total | Diversified investments associated with the Executive Stock Unit Program (ESUP)
Cash equivalents:
Diversified investments associated with the Executive Stock Unit Program (ESUP)	40.7	41
Total | Liabilities associated with the ESUP
Liabilities:
Liabilities associated with the ESUP	40.7	40.6
Total | Bank time deposits with original maturities of three months or less
Cash equivalents:
Bank time deposits with original maturities of three months or less	102.5	153.7
Level 1
Cash equivalents:
Derivative assets	0	0
Total assets	40.7	41
Liabilities:
Derivative liabilities	0	0
Total liabilities	40.7	40.6
Level 1 | Diversified investments associated with the Executive Stock Unit Program (ESUP)
Cash equivalents:
Diversified investments associated with the Executive Stock Unit Program (ESUP)	40.7	41
Level 1 | Liabilities associated with the ESUP
Liabilities:
Liabilities associated with the ESUP	40.7	40.6
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
Level 2
Cash equivalents:
Derivative assets	2.5	4
Total assets	105	157.7
Liabilities:
Derivative liabilities	2.1	0.9
Total liabilities	2.1	0.9
Level 2 | Diversified investments associated with the Executive Stock Unit Program (ESUP)
Cash equivalents:
Diversified investments associated with the Executive Stock Unit Program (ESUP)	0	0
Level 2 | Liabilities associated with the ESUP
Liabilities:
Liabilities associated with the ESUP	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	102.5	153.7
Level 3
Cash equivalents:
Derivative assets	0	0
Total assets	0	0
Liabilities:
Derivative liabilities	0	0
Total liabilities	0	0
Level 3 | Diversified investments associated with the Executive Stock Unit Program (ESUP)
Cash equivalents:
Diversified investments associated with the Executive Stock Unit Program (ESUP)	0	0
Level 3 | Liabilities associated with the ESUP
Liabilities:
Liabilities associated with the ESUP	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

FAIR VALUE - Additional Informa

FAIR VALUE - Additional Information (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Amount of transfers between Level 1 and Level 2	$ 0
Fixed rate debt greater than carrying value	135,900,000	$ 98,600,000
Fixed rate debt carrying value	$ 1,587,100,000	$ 1,585,600,000

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Other Current Assets
Assets
Total derivatives	$ 2.1	$ 3.7
Sundry
Assets
Total derivatives	0.4	0.3
Other Current Liabilities
Liabilities
Total derivative	2	0.9
Other Long-Term Liabilities
Liabilities
Total derivative	0.1
Derivatives designated as hedging instruments | Cash flow hedges | Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	124.4	138.5
Derivatives designated as hedging instruments | Cash flow hedges | Future DKK sales of Polish subsidiary
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	16.1	21.1
Derivatives designated as hedging instruments | Cash flow hedges | Future EUR sales of Chinese, Swiss and UK subsidiaries
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	32.5
Derivatives designated as hedging instruments | Cash flow hedges | Future EUR sales of Chinese, Swiss and UK subsidiaries
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount		29.9
Derivatives designated as hedging instruments | Cash flow hedges | Future MXN purchases of a USD subsidiary
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	9.4	9.8
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Assets
Assets
Total cash flow hedges	1.9	2.8
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Assets | Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries
Assets
Currency cash flow derivatives designated as hedging instruments	1.9	1.3
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Assets | Future DKK sales of Polish subsidiary
Assets
Currency cash flow derivatives designated as hedging instruments	0	0.3
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Assets | Future EUR sales of Chinese, Swiss and UK subsidiaries
Assets
Currency cash flow derivatives designated as hedging instruments	0
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Assets | Future EUR sales of Chinese, Swiss and UK subsidiaries
Assets
Currency cash flow derivatives designated as hedging instruments		0.7
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Assets | Future MXN purchases of a USD subsidiary
Assets
Currency cash flow derivatives designated as hedging instruments	0	0.5
Derivatives designated as hedging instruments | Cash flow hedges | Sundry
Assets
Total cash flow hedges	0.4	0.3
Derivatives designated as hedging instruments | Cash flow hedges | Sundry | Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries
Assets
Currency cash flow derivatives designated as hedging instruments	0.3	0.2
Derivatives designated as hedging instruments | Cash flow hedges | Sundry | Future DKK sales of Polish subsidiary
Assets
Currency cash flow derivatives designated as hedging instruments	0	0
Derivatives designated as hedging instruments | Cash flow hedges | Sundry | Future EUR sales of Chinese, Swiss and UK subsidiaries
Assets
Currency cash flow derivatives designated as hedging instruments	0
Derivatives designated as hedging instruments | Cash flow hedges | Sundry | Future EUR sales of Chinese, Swiss and UK subsidiaries
Assets
Currency cash flow derivatives designated as hedging instruments		0
Derivatives designated as hedging instruments | Cash flow hedges | Sundry | Future MXN purchases of a USD subsidiary
Assets
Currency cash flow derivatives designated as hedging instruments	0.1	0.1
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Liabilities
Liabilities
Total cash flow hedges	1.7	0.7
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Liabilities | Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries
Liabilities
Currency cash flow derivatives designated as hedging instruments	0.3	0.7
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Liabilities | Future DKK sales of Polish subsidiary
Liabilities
Currency cash flow derivatives designated as hedging instruments	0.5	0
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Liabilities | Future EUR sales of Chinese, Swiss and UK subsidiaries
Liabilities
Currency cash flow derivatives designated as hedging instruments	0.5
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Liabilities | Future EUR sales of Chinese, Swiss and UK subsidiaries
Liabilities
Currency cash flow derivatives designated as hedging instruments		0
Derivatives designated as hedging instruments | Cash flow hedges | Other Current Liabilities | Future MXN purchases of a USD subsidiary
Liabilities
Currency cash flow derivatives designated as hedging instruments	0.4	0
Derivatives designated as hedging instruments | Cash flow hedges | Other Long-Term Liabilities
Liabilities
Total cash flow hedges	0.1
Derivatives designated as hedging instruments | Cash flow hedges | Other Long-Term Liabilities | Future USD sales/purchases of Canadian, Chinese, European, South Korean, Swiss and UK subsidiaries
Liabilities
Currency cash flow derivatives designated as hedging instruments	0
Derivatives designated as hedging instruments | Cash flow hedges | Other Long-Term Liabilities | Future DKK sales of Polish subsidiary
Liabilities
Currency cash flow derivatives designated as hedging instruments	0.1
Derivatives designated as hedging instruments | Cash flow hedges | Other Long-Term Liabilities | Future EUR sales of Chinese, Swiss and UK subsidiaries
Liabilities
Currency cash flow derivatives designated as hedging instruments	0
Derivatives designated as hedging instruments | Cash flow hedges | Other Long-Term Liabilities | Future MXN purchases of a USD subsidiary
Liabilities
Currency cash flow derivatives designated as hedging instruments	0
Derivatives designated as hedging instruments | Fair value hedges | Intercompany and third-party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CNY, PLN and USD)
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	45.8	112
Derivatives designated as hedging instruments | Fair value hedges | Other Current Assets | Intercompany and third-party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CNY, PLN and USD)
Assets
Fair value derivatives designated as hedging instruments	0	0.8
Derivatives designated as hedging instruments | Fair value hedges | Sundry | Intercompany and third-party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CNY, PLN and USD)
Assets
Fair value derivatives designated as hedging instruments	0	0
Derivatives designated as hedging instruments | Fair value hedges | Other Current Liabilities | Intercompany and third-party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CNY, PLN and USD)
Liabilities
Fair value derivatives designated as hedging instruments	0.2	0.1
Derivatives designated as hedging instruments | Fair value hedges | Other Long-Term Liabilities | Intercompany and third-party receivables and payables exposed to multiple currencies (DKK, EUR, MXN, USD and ZAR) in various countries (CAD, CNY, PLN and USD)
Liabilities
Fair value derivatives designated as hedging instruments	0
Derivatives not designated as hedging instruments | Other Current Assets
Assets
Currency derivative instruments not designated as hedging instruments	0.2	0.1
Derivatives not designated as hedging instruments | Sundry
Assets
Currency derivative instruments not designated as hedging instruments	0	0
Derivatives not designated as hedging instruments | Other Current Liabilities
Liabilities
Currency derivative instruments not designated as hedging instruments	0.1	0.1
Derivatives not designated as hedging instruments | Other Long-Term Liabilities
Liabilities
Currency derivative instruments not designated as hedging instruments	0
Derivatives not designated as hedging instruments | Fair value hedges | Non-deliverable hedges (EUR and USD) exposed to the CNY
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	10	10.1
Derivatives not designated as hedging instruments | Fair value hedges | Hedge of USD receivable on a CAD subsidiary
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount		5
Derivatives not designated as hedging instruments | Fair value hedges | EUR receivable on a HRK subsidiary
Derivatives, Fair Value [Line Items]
Total USD Equivalent Notional Amount	19.9
Derivatives not designated as hedging instruments | Fair value hedges | Other Current Assets | Non-deliverable hedges (EUR and USD) exposed to the CNY
Assets
Currency derivative instruments not designated as hedging instruments	0.2	0.1
Derivatives not designated as hedging instruments | Fair value hedges | Other Current Assets | Hedge of USD receivable on a CAD subsidiary
Assets
Currency derivative instruments not designated as hedging instruments		0
Derivatives not designated as hedging instruments | Fair value hedges | Other Current Assets | EUR receivable on a HRK subsidiary
Assets
Currency derivative instruments not designated as hedging instruments	0
Derivatives not designated as hedging instruments | Fair value hedges | Sundry | Non-deliverable hedges (EUR and USD) exposed to the CNY
Assets
Currency derivative instruments not designated as hedging instruments	0	0
Derivatives not designated as hedging instruments | Fair value hedges | Sundry | Hedge of USD receivable on a CAD subsidiary
Assets
Currency derivative instruments not designated as hedging instruments		0
Derivatives not designated as hedging instruments | Fair value hedges | Sundry | EUR receivable on a HRK subsidiary
Assets
Currency derivative instruments not designated as hedging instruments	0
Derivatives not designated as hedging instruments | Fair value hedges | Other Current Liabilities | Non-deliverable hedges (EUR and USD) exposed to the CNY
Liabilities
Currency derivative instruments not designated as hedging instruments	0	0
Derivatives not designated as hedging instruments | Fair value hedges | Other Current Liabilities | Hedge of USD receivable on a CAD subsidiary
Liabilities
Currency derivative instruments not designated as hedging instruments		$ 0.1
Derivatives not designated as hedging instruments | Fair value hedges | Other Current Liabilities | EUR receivable on a HRK subsidiary
Liabilities
Currency derivative instruments not designated as hedging instruments	0.1
Derivatives not designated as hedging instruments | Fair value hedges | Other Long-Term Liabilities | Non-deliverable hedges (EUR and USD) exposed to the CNY
Liabilities
Currency derivative instruments not designated as hedging instruments	0
Derivatives not designated as hedging instruments | Fair value hedges | Other Long-Term Liabilities | EUR receivable on a HRK subsidiary
Liabilities
Currency derivative instruments not designated as hedging instruments	$ 0

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Pre-Tax Gains (Losses) of Hedging Activities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	$ 0.4	$ 2.9	$ 5.8	$ 6.6
Derivatives designated as hedging instruments | Cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	1.7	1.5	4.8	4.5
Derivatives designated as hedging instruments | Fair value hedges | Other (income) expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	(1.5)	1.2	1	1.8
Derivatives designated as hedging instruments | Interest rate cash flow hedges | Cash flow hedges | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	1.2	1.1	3.4	3.3
Derivatives 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	0.4	0.8	1.6	2.3
Derivatives 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	0.1	(0.5)	(0.2)	(1.2)
Derivatives designated as hedging instruments | Currency cash flow hedges | Cash flow hedges | Other (income) expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	0	0.1	0	0.1
Derivatives not designated as hedging instruments | Other (income) expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss recorded in income	$ 0.2	$ 0.2	$ 0	$ 0.3

OTHER (INCOME) EXPENSE (Details

OTHER (INCOME) EXPENSE (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Other Income and Expenses [Abstract]
Restructuring charges	$ 5.1	$ 3.4	$ 7.6	$ 5.3
Currency loss (income)	1.9	(0.6)	0.3	1.2
Gain from diversified investments associated with Executive Stock Unit Program (See Note 8)	(2.3)	(0.3)	(1.1)	(4.8)
COVID-19 government subsidies	(7)	0	(18.4)	0
Other expense (income)	2.1	(1)	0.3	(2.1)
Other expense (income), net	$ (0.2)	$ 1.5	$ (11.3)	$ (0.4)

OTHER (INCOME) EXPENSE (Additio

OTHER (INCOME) EXPENSE (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020
Other Income Expense [Line Items]
Writedown of inventories			$ 8.3	$ 7.9
2018 Restructuring Plan
Other Income Expense [Line Items]
Writedown of inventories	$ 0.6		1.6
COVID-19
Other Income Expense [Line Items]
Severance costs	5.1	$ 1.9
Deferral payroll taxes	$ 12.1		$ 12.1
Forecast | COVID-19
Other Income Expense [Line Items]
Deferral payroll taxes					$ 18.8

CONTINGENCIES - Additional Info

CONTINGENCIES - Additional Information (Details) - USD ($)	Mar. 27, 2014	Jun. 21, 2013	Feb. 01, 2013	Dec. 18, 2012	Dec. 17, 2012	Oct. 04, 2012	Dec. 29, 2011	Dec. 22, 2011	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 04, 2014
Loss Contingencies [Line Items]
Accrual									$ 500,000	$ 500,000	$ 700,000	$ 300,000	$ 2,100,000	$ 1,900,000
Loss contingency, range of possible loss, portion not accrued									10,600,000
Brazilian VAT matters
Loss Contingencies [Line Items]
Estimate of possible loss									500,000
Accrual	$ 700,000				$ 3,000,000			$ 2,200,000
Damages	$ 500,000	$ 1,100,000	$ 500,000	$ 300,000	$ 2,500,000	$ 800,000	$ 100,000	$ 1,400,000
Brazilian VAT matters | Pending litigation
Loss Contingencies [Line Items]
Estimate of possible loss									9,800,000
Accrual									0
Estimate of possible loss, offsetting deposit asset									7,500,000
Cash deposit									700,000
Expected refund of cash deposit									200,000
Tax credit matters
Loss Contingencies [Line Items]
Accrual															$ 1,800,000
Other matters | Pending litigation
Loss Contingencies [Line Items]
Estimate of possible loss									$ 800,000

CONTINGENCIES - Litigation Cont

CONTINGENCIES - Litigation Contingency Accrual (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Loss Contingency Accrual [Roll Forward]
Litigation contingency accrual - Beginning of period	$ 0.5	$ 2.1	$ 0.7	$ 1.9
Adjustment to accruals - expense	0	0	0.1	0.2
Currency	0	0	(0.1)	0
Cash payments	0	(1.8)	(0.2)	(1.8)
Litigation contingency accrual - End of period	$ 0.5	$ 0.3	$ 0.5	$ 0.3

DEBT AMENDMENT (Details)

DEBT AMENDMENT (Details) - Line of Credit $ in Millions	Dec. 31, 2021	May 06, 2020USD ($)	May 05, 2020
Debt Instrument [Line Items]
Leverage ratio of indebtedness			3.50
Secured debt limit, percentage of total consolidated assets		5.00%	15.00%
Excess of without planned expenditures		$ 300
Debt Covenant 1
Debt Instrument [Line Items]
Leverage ratio of indebtedness		4.75
Debt Covenant 2
Debt Instrument [Line Items]
Leverage ratio of indebtedness		4.25
Debt Covenant 3
Debt Instrument [Line Items]
Leverage ratio of indebtedness		3.75
Debt Covenant 4
Debt Instrument [Line Items]
Leverage ratio of indebtedness		3.25
Forecast
Debt Instrument [Line Items]
Secured debt limit, percentage of total consolidated assets	15.00%