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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales [1] $ 4,984.9 $ 4,579.4 $ 4,013.6
Cost of products sold 3,180.3 2,997.5 2,646.7
Selling, general and administrative expenses 1,129.9 1,047.6 943.3
Amortization of intangible assets 28.1 21.6 13.1
Restructuring charges 13.9 16.6 7.0
OPERATING INCOME 632.7 496.1 403.5
Interest expense 49.1 31.9 10.4
Other expense, net 1.5 4.3 1.2
Income from continuing operations before income taxes 582.1 459.9 391.9
Income taxes 169.7 153.4 118.3
Income from continuing operations, net of tax 412.4 306.5 273.6
Income (loss) from discontinued operations, net of tax 0.8 9.0 (114.3)
NET INCOME 413.2 315.5 159.3
Less: Noncontrolling interests   0.5 1.2
NET INCOME ATTRIBUTABLE TO FORTUNE BRANDS $ 413.2 $ 315.0 $ 158.1
Basic earnings (loss) per common share      
Continuing operations $ 2.67 $ 1.92 $ 1.68
Discontinuing operations 0.01 0.05 (0.70)
Net income attributable to Fortune Brands common shareholders 2.68 1.97 0.98
Diluted earnings (loss) per common share      
Continuing operations 2.61 1.88 1.64
Discontinuing operations 0.01 0.05 (0.69)
Net income attributable to Fortune Brands common shareholders $ 2.62 $ 1.93 $ 0.95
Basic average number of shares outstanding 154.3 159.5 161.8
Diluted average number of shares outstanding 157.8 163.0 166.3
Dividends declared per common share $ 0.66 $ 0.58 $ 0.50
[1] Based on country of destination