XML 51 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900

Acquisitions (Tables)

12 Months Ended

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

X

- 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

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=fbhs_NorcraftCompaniesIncMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=fbhs_WoodcraftersHomeProductsLlcMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: