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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2015
Norcraft Companies, Inc [Member] |
Preliminary Allocation of Purchase Price to Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary allocation of the purchase price to the fair value of assets acquired and liabilities assumed as of the date of the acquisition.
(In millions) |
Accounts receivable |  | $ | 31.0 |
Inventories |  |  | 28.4 |
Property, plant and equipment |  |  | 45.7 |
Goodwill |  |  | 304.7 |
Identifiable intangible assets |  |  | 360.0 |
Other assets |  |  | 9.4 |
Total assets |  |  | 779.2 |
Deferred tax liabilities |  |  | 101.4 |
Other liabilities and accruals |  |  | 29.2 |
Net assets acquired(a) |  | $ | 648.6 |
(a) | Net assets exclude $15.5 million of cash transferred to the Company as the result of the Norcraft acquisition.
Proforma Consolidated Financial Information | The unaudited pro forma financial information does not necessarily represent the results that would have occurred had the acquisition occurred on January 1, 2014. In addition, the unaudited pro forma information should not be deemed to be indicative of future results.
(In millions, except per share amounts) |  | 2015 |  |  | 2014 |
Net sales |  | $ | 4,721.8 |  |  | $ | 4,387.8 |
Income from continuing operations |  |  | 323.1 |  |  |  | 269.7 |
Basic earnings per common share |  | $ | 2.02 |  |  | $ | 1.66 |
Diluted earnings per common share |  | $ | 1.98 |  |  | $ | 1.61 |
WoodCrafters Home Products, LLC |
Proforma Consolidated Financial Information | The following unaudited pro forma summary presents consolidated financial information as if WoodCrafters had been acquired on January 1, 2013. The unaudited pro forma financial information is based on historical results of operations and financial position of the Company and WoodCrafters. The pro forma results include adjustments for the impact of a preliminary allocation of the purchase price and interest expense associated with debt that would have been incurred in connection with the acquisition. The unaudited pro forma financial information does not necessarily represent the results that would have occurred had the acquisition occurred on January 1, 2013. In addition, the unaudited pro forma information should not be deemed to be indicative of future results.
(In millions except per share amounts) |  | 2013 |
Net sales |  | $ | 3,811.0 |
Net income attributable to Fortune Brands |  |  | 240.8 |
Basic earnings per common share |  | $ | 1.45 |
Diluted earnings per common share |  | $ | 1.41 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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