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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Computations of Earnings per Common Share

The computations of earnings per common share were as follows:

 

(In millions, except per share data)    Nine Months Ended
September 30,
     Three Months Ended
September 30,
 
     2015      2014      2015      2014  

Income from continuing operations, net of tax

   $ 218.9       $ 217.1       $ 100.0       $ 84.5   

Less: Noncontrolling interest

     0.3         0.9         0.3         0.2   
  

 

 

    

 

 

    

 

 

    

 

 

 

Income from continuing operations for EPS

     218.6         216.2         99.7         84.3   

Income (loss) from discontinued operations

     8.6         (103.2      7.8         (105.4
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss) attributable to Fortune Brands

   $ 227.2       $ 113.0       $ 107.5       $ (21.1
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per common share

           

Basic

           

Continuing operations

   $ 1.37       $ 1.33       $ 0.62       $ 0.53   

Discontinued operations

     0.06         (0.64      0.05         (0.66
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss) attributable to Fortune Brands common stockholders

   $ 1.43       $ 0.69       $ 0.67       $ (0.13

Diluted

           

Continuing operations

   $ 1.34       $ 1.29       $ 0.61       $ 0.52   

Discontinued operations

     0.05         (0.62      0.05         (0.65
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss) attributable to Fortune Brands common stockholders

   $ 1.39       $ 0.67       $ 0.66       $ (0.13

Basic average shares outstanding

     159.5         163.0         160.0         158.7   

Stock-based awards

     3.5         4.7         3.4         4.5   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted average shares outstanding

     163.0         167.7         163.4         163.2   

Antidilutive stock-based awards excluded from weighted-average number of shares outstanding for diluted earnings per share

     0.8         0.5         0.7         0.6