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Earnings Per Share
3 Months Ended
Mar. 31, 2016
Earnings Per Share
16. Earnings Per Share

The computations of earnings per common share were as follows:

 

(In millions, except per share data)    Three Months Ended
March 31,
 
     2016      2015  

Income from continuing operations, net of tax

   $ 55.7       $ 40.9   

Less: Noncontrolling interest

     —           0.3   
  

 

 

    

 

 

 

Income from continuing operations for EPS

     55.7         40.6   

Loss from discontinued operations

     —           (0.6
  

 

 

    

 

 

 

Net income attributable to Fortune Brands

   $ 55.7       $ 40.0   
  

 

 

    

 

 

 

Earnings (loss) per common share

     

Basic

     

Continuing operations

   $ 0.36       $ 0.26   

Discontinued operations

     —           (0.01
  

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 0.36       $ 0.25   

Diluted

     

Continuing operations

   $ 0.35       $ 0.25   

Discontinued operations

     —           —     
  

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 0.35       $ 0.25   

Basic average shares outstanding

     155.7         158.8   

Stock-based awards

     2.8         3.8   
  

 

 

    

 

 

 

Diluted average shares outstanding

     158.5         162.6   

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

     0.6         0.8