XML 43 R29.htm IDEA: XBRL DOCUMENT v3.3.1.900
Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2015
Earnings (Loss) Per Share

20.    Earnings Per Share

The computations of earnings (loss) per common share were as follows:

 

       
(In millions, except per share data)    2015      2014      2013  

Income from continuing operations, net of tax

   $ 306.5       $ 273.6       $ 209.0   

Less: Noncontrolling interests

     0.5         1.2         1.2   

Income from continuing operations for EPS

     306.0         272.4         207.8   

Income (loss) from discontinued operations

     9.0         (114.3      21.9   

Net income attributable to Fortune Brands

   $ 315.0       $ 158.1       $ 229.7   

Earnings (loss) per common share

          

Basic

          

Continuing operations

   $ 1.92       $ 1.68       $ 1.26   

Discontinued operations

     0.05         (0.70      0.13   

Net income attributable to Fortune Brands common stockholders

   $ 1.97       $ 0.98       $ 1.39   

Diluted

          

Continuing operations

   $ 1.88       $ 1.64       $ 1.21   

Discontinued operations

     0.05         (0.69      0.13   

Net income attributable to Fortune Brands common stockholders

   $ 1.93       $ 0.95       $ 1.34   

Basic average shares outstanding

     159.5         161.8         165.5   

Stock-based awards

     3.5         4.5         5.8   

Diluted average shares outstanding

     163.0         166.3         171.3   

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

     0.7         0.5         0.4