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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Computations of Earnings per Common Share

The computations of earnings per common share were as follows:

 

(In millions, except per share data)    Six Months Ended
June 30,
     Three Months Ended
June 30,
 
     2017      2016      2017      2016  

Income from continuing operations, net of tax

   $ 217.7      $ 186.1      $ 140.3      $ 125.1  

Less: Noncontrolling interest

     —          (0.1      —          (0.1
  

 

 

    

 

 

    

 

 

    

 

 

 

Income from continuing operations for EPS

   $ 217.7      $ 186.2      $ 140.3      $ 125.2  

Loss from discontinued operations, net of tax

     (2.6      —          (2.6      —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands

   $ 215.1      $ 186.2      $ 137.7      $ 125.2  
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per common share

           

Basic

           

Continuing operations

   $ 1.42      $ 1.20      $ 0.91      $ 0.82  

Discontinued operations

     (0.02      —          (0.02      —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 1.40      $ 1.20      $ 0.89      $ 0.82  

Diluted

           

Continuing operations

   $ 1.39      $ 1.18      $ 0.90      $ 0.80  

Discontinued operations

     (0.02      —          (0.02      —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 1.37      $ 1.18      $ 0.88      $ 0.80  

Basic average shares outstanding

     153.7        154.5        154.2        153.4  

Stock-based awards

     2.7        3.8        2.4        3.8  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted average shares outstanding

     156.4        158.3        156.6        157.2  

Antidilutive stock-based awards excluded from weighted-average number of shares outstanding for diluted earnings per share

     0.6        0.7        0.6        0.6