XML 29 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 1,297.8 $ 1,165.1 $ 2,404.3 $ 2,115.9
Cost of products sold 823.1 754.7 1,551.8 1,388.6
Selling, general and administrative expenses 276.7 271.0 546.9 512.4
Amortization of intangible assets 6.6 5.1 13.1 8.6
Restructuring charges 3.7 6.1 9.3 10.8
Operating income 187.7 128.2 283.2 195.5
Interest expense 13.9 6.0 25.7 9.4
Other (income) expense, net (0.4) 1.5 (0.7) 3.2
Income from continuing operations before income taxes 174.2 120.7 258.2 182.9
Income taxes 49.1 42.7 72.1 64.0
Income from continuing operations, net of tax 125.1 78.0 186.1 118.9
Income from discontinued operations, net of tax   1.4   0.8
Net income 125.1 79.4 186.1 119.7
Less: Noncontrolling interests (0.1) (0.3) (0.1)  
Net income attributable to Fortune Brands $ 125.2 $ 79.7 $ 186.2 $ 119.7
Basic earnings per common share        
Continuing operations $ 0.82 $ 0.49 $ 1.20 $ 0.75
Discontinued operations   0.01    
Net income attributable to Fortune Brands common shareholders 0.82 0.50 1.20 0.75
Diluted earnings per common share        
Continuing operations 0.80 0.48 1.18 0.73
Discontinued operations   0.01   0.01
Net income attributable to Fortune Brands common shareholders $ 0.80 $ 0.49 $ 1.18 $ 0.74
Comprehensive income $ 124.7 $ 81.0 $ 199.3 $ 101.9