礼恩派 2025年度报告

FORM 10-K (Exact name of registrant as specified in its charter) Missouri Registrant’s telephone number, including area code:(417)358-8131 Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: NoneIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registranthas submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Accelerated filerSmallerreportingcompanyEmerging growth company ☐☐☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐☐☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).YesNoThe aggregate market value of the voting common stock held by non-affiliates of the registrant (based on the closing price of our common stock on the New York Stock Exchange) on June30, 2025 was $1,182,418,000.There were 135,877,594 shares of the registrant’s common stock outstanding as of February20, 2026. DOCUMENTS INCORPORATED BY REFERENCE Parts of Item 10, and all of Items 11, 12, 13 and 14 of Part III, are incorporated by reference from the Company's definitive Proxy Statement for the Annual Meeting of Shareholders to be held on May21, 2026. LEGGETT& PLATT, INCORPORATED—FORM 10-KFOR THE YEAR ENDED DECEMBER31, 2025TABLE OF CONTENTS PageNumberForward-Looking Statements1PART IItem1.Business3Item1A.Risk Factors14Item1B.Unresolved Staff Comments26Item1C.Cybersecurity26Item2.Properties28Item3.Legal Proceedings30Item4.Mine Safety Disclosures31Supp.Item.Information About Our Executive Officers31PART IIItem5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities33Item6.Reserved34Item7.Management’s Discussion and Analysis of Financial Condition and Results of Operations35Item7A.Quantitative and Qualitative Disclosures About Market Risk64Item8.Financial Statements and Supplementary Data65Item9.Changes in and Disagreements With Accountants on Accounting and Financial Disclosure65Item9A.Controls and Procedures65Item9B.Other Information66Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections67PART IIIItem10.Directors, Executive Officers and Corporate Governance68Item11.Executive Compensation70Item12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters71Item13.Certain Relationships and Related Transactions, and Director Independence71Item14.Principal Accountant Fees and Services71PART IVItem15.Exhibits and Financial Statement Schedules72Exhibit Index124Item 16.Form 10-K Summary127Signatures128 Forward-Looking Statements This Annual Report on Form 10-K, as well as the documents, or portion thereof, incorporated by reference herein, maycontain “forward-looking” statements within the meaning of Se