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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 1,365.4 $ 1,297.8 $ 2,552.2 $ 2,404.3
Cost of products sold 849.9 823.1 1,619.7 1,551.8
Selling, general and administrative expenses 291.8 276.7 580.4 546.9
Amortization of intangible assets 8.0 6.6 16.1 13.1
Loss on sale of product line 2.4   2.4  
Asset impairment charges     3.2  
Restructuring charges 0.9 3.7 3.1 9.3
Operating income 212.4 187.7 327.3 283.2
Interest expense 12.3 13.9 24.2 25.7
Other expense (income), net 0.9 (0.4) 0.1 (0.7)
Income before income taxes 199.2 174.2 303.0 258.2
Income taxes 58.9 49.1 85.3 72.1
Income from continuing operations, net of tax 140.3 125.1 217.7 186.1
Loss from discontinued operations, net of tax (2.6)   (2.6)  
Net income 137.7 125.1 215.1 186.1
Less: Noncontrolling interests   (0.1)   (0.1)
Net income attributable to Fortune Brands $ 137.7 $ 125.2 $ 215.1 $ 186.2
Basic earnings per common share        
Continuing operations $ 0.91 $ 0.82 $ 1.42 $ 1.20
Discontinued operations (0.02)   (0.02)  
Net income attributable to Fortune Brands common shareholders 0.89 0.82 1.40 1.20
Diluted earnings per common share        
Continuing operations 0.90 0.80 1.39 1.18
Discontinued operations (0.02)   (0.02)  
Net income attributable to Fortune Brands common shareholders $ 0.88 $ 0.80 $ 1.37 $ 1.18
Comprehensive income $ 147.8 $ 124.7 $ 232.4 $ 199.3