XML 62 R43.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Stock-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Pre-Tax Stock-Based Compensation Expense from Continuing Operations | Pre-tax stock-based compensation expense from continuing operations was as follows:
(In millions) |  | 2016 |  |  | 2015 |  |  | 2014 |
Stock option awards |  | $ | 7.2 |  |  | $ | 7.4 |  |  | $ | 7.8 |
Restricted stock units |  |  | 17.2 |  |  |  | 13.4 |  |  |  | 11.8 |
Performance awards |  |  | 6.7 |  |  |  | 5.9 |  |  |  | 7.6 |
Director awards |  |  | 0.9 |  |  |  | 0.9 |  |  |  | 0.9 |
Total pre-tax expense |  |  | 32.0 |  |  |  | 27.6 |  |  |  | 28.1 |
Tax benefit |  |  | 11.4 |  |  |  | 9.9 |  |  |  | 10.5 |
Total after tax expense |  | $ | 20.6 |  |  | $ | 17.7 |  |  | $ | 17.6 |
Restricted Stock Units Activity | A summary of activity with respect to restricted stock units outstanding under the Plans for the year ended December 31, 2016 was as follows:
|  | Number of Restricted Stock Units |  |  | Weighted-Average Grant-Date Fair Value |
Non-vested at December 31, 2015 |  |  | 686,026 |  |  | $ | 44.69 |
Granted |  |  | 385,450 |  |  |  | 51.97 |
Vested |  |  | (314,104 | ) |  |  | 42.88 |
Forfeited |  |  | (33,974 | ) |  |  | 46.63 |
Non-vested at December 31, 2016 |  |  | 723,398 |  |  | $ | 49.22 |
Black-Scholes Option Pricing Model Assumptions used to Estimate Fair Value of Options | The fair value of Fortune Brands options was estimated at the date of grant using a Black-Scholes option pricing model with the assumptions shown in the following table:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Current expected dividend yield |  |  | 1.4% |  |  |  | 1.5% |  |  |  | 1.5% |
Expected volatility |  |  | 30.0% |  |  |  | 27.0% |  |  |  | 32.0% |
Risk-free interest rate |  |  | 1.3% |  |  |  | 1.8% |  |  |  | 1.9% |
Expected term |  |  | 5.5 years |  |  |  | 6 years |  |  |  | 6 years |
Stock Option Activity | A summary of Fortune Brands stock option activity related to Fortune Brands and employees of Fortune Brands, Inc., our Former Parent, for the year ended December 31, 2016 was as follows:
|  | Options |  |  | Weighted- Average Exercise Price |
Outstanding at December 31, 2015 |  |  | 6,199,526 |  |  | $ | 20.74 |
Granted |  |  | 621,900 |  |  |  | 50.22 |
Exercised |  |  | (1,949,423 | ) |  |  | 13.10 |
Expired/forfeited |  |  | (56,712 | ) |  |  | 46.29 |
Outstanding at December 31, 2016 |  |  | 4,815,291 |  |  | $ | 27.34 |
Options Outstanding and Exercisable | Options outstanding and exercisable at December 31, 2016 were as follows:
|  | Options Outstanding(a) |  |  |  |  |  | Options Exercisable(b) |
Range Of Exercise Prices |  | Options Outstanding |  |  | Weighted- Average Remaining Contractual Life |  |  | Weighted- Average Exercise Price |  |  |  |  |  | Options Exercisable |  |  | Weighted- Average Exercise Price |
$9.00 to $12.99 |  |  | 900,898 |  |  |  | 2.8 |  |  | $ | 11.25 |  |  |  |  |  |  |  | 900,898 |  |  | $ | 11.25 |
13.00 to 20.00 |  |  | 1,824,173 |  |  |  | 4.5 |  |  |  | 15.78 |  |  |  |  |  |  |  | 1,824,173 |  |  |  | 15.78 |
20.01 to 50.22 |  |  | 2,090,220 |  |  |  | 7.8 |  |  |  | 44.37 |  |  |  |  |  |  |  | 950,833 |  |  |  | 39.40 |
|  |  | 4,815,291 |  |  |  | 5.6 |  |  | $ | 27.34 |  |  |  |  |  |  |  | 3,675,904 |  |  | $ | 20.78 |
(a) | At December 31, 2016, the aggregate intrinsic value of options outstanding was $125.8 million.
(b) | At December 31, 2016, the weighted-average remaining contractual life of options exercisable was 4.7 years and the aggregate intrinsic value of options exercisable was $120.1 million.
Summarizes Information of Performance Share Awards | The following table summarizes information about performance share awards as of December 31, 2016, as well as activity during the year then ended, based on the target award amounts in the performance share award agreements:
|  | Number of Performance Share Awards |  |  | Weighted-Average Grant-Date Fair Value |
Non-vested at December 31, 2015 |  |  | 443,100 |  |  | $ | 42.15 |
Granted |  |  | 155,100 |  |  |  | 50.60 |
Vested |  |  | (131,096 | ) |  |  | 33.70 |
Forfeited |  |  | (45,504 | ) |  |  | 42.15 |
Non-vested at December 31, 2016 |  |  | 421,600 |  |  | $ | 48.00 |

X
- Definition Share Based Compensation Expense by Award Type [Table Text Block] + References No definition available. + Details
Name: | fbhs_ShareBasedCompensationExpenseByAwardTypeTextBlock
Namespace Prefix: | fbhs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number, aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both performance-based awards (or share units) outstanding and performance-based awards (or share units) fully vested and expected to vest at the date of the latest statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceBasedUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration