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Earnings Per Share | 9 Months Ended
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Sep. 30, 2016
Earnings Per Share |
16. | Earnings Per Share
The computations of earnings per common share were as follows:
(In millions, except per share data) |  | Nine Months Ended September 30, |  |  | Three Months Ended September 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Income from continuing operations, net of tax |  | $ | 308.0 |  |  | $ | 218.9 |  |  | $ | 121.9 |  |  | $ | 100.0 |
Less: Noncontrolling interest |  |  | (0.1 | ) |  |  | 0.3 |  |  |  | — |  |  |  | 0.3 |
Income from continuing operations for EPS |  |  | 308.1 |  |  |  | 218.6 |  |  |  | 121.9 |  |  |  | 99.7 |
Income from discontinued operations |  |  | 1.5 |  |  |  | 8.6 |  |  |  | 1.5 |  |  |  | 7.8 |
Net income attributable to Fortune Brands |  | $ | 309.6 |  |  | $ | 227.2 |  |  | $ | 123.4 |  |  | $ | 107.5 |
Earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 2.00 |  |  | $ | 1.37 |  |  | $ | 0.79 |  |  | $ | 0.62 |
Discontinued operations |  |  | 0.01 |  |  |  | 0.06 |  |  |  | 0.01 |  |  |  | 0.05 |
Net income attributable to Fortune Brands common stockholders |  | $ | 2.01 |  |  | $ | 1.43 |  |  | $ | 0.80 |  |  | $ | 0.67 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 1.95 |  |  | $ | 1.34 |  |  | $ | 0.77 |  |  | $ | 0.61 |
Discontinued operations |  |  | 0.01 |  |  |  | 0.05 |  |  |  | 0.01 |  |  |  | 0.05 |
Net income attributable to Fortune Brands common stockholders |  | $ | 1.96 |  |  | $ | 1.39 |  |  | $ | 0.78 |  |  | $ | 0.66 |
Basic average shares outstanding |  |  | 154.4 |  |  |  | 159.5 |  |  |  | 154.2 |  |  |  | 160.0 |
Stock-based awards |  |  | 3.6 |  |  |  | 3.5 |  |  |  | 3.4 |  |  |  | 3.4 |
Diluted average shares outstanding |  |  | 158.1 |  |  |  | 163.0 |  |  |  | 157.6 |  |  |  | 163.4 |
Antidilutive stock-based awards excluded from weighted-average number of shares outstanding for diluted earnings per share |  |  | 0.5 |  |  |  | 0.8 |  |  |  | — |  |  |  | 0.7 |

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