Steve Carell: Leaving 'Office' to Spend Time with Family (VIDEO)

Steve Carell announced last month that he'd be leaving 'The Office' when his contract is up at the end of the seventh season. On 'The Late Late Show' (weeknights, 12:37AM ET on CBS), Craig Ferguson asked why he made that decision.

"Honestly, to spend more time with my family," said the actor. Ferguson replied, "That's usually what politicians say when they're caught doing something with their pee-pees ... He says, 'Well, I'm retiring, but not because of what you think -- just to spend a little more time with my family.'"

As for how the show would fare after the star's departure, Carell was confident it was "going to be fine."

At first Ferguson agreed. Then he said, "You put me in a very bad Hollywood position, saying, 'Oh, you're great on the show -- but they'll be fine,' means, well, pick a side, Craig."

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