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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Computations of Earnings per Common 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,
 
     2017      2016      2017      2016  

Income from continuing operations, net of tax

   $ 347.3      $ 308.0      $ 129.6      $ 121.9  

Less: Noncontrolling interest

     0.1        (0.1      0.1        —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Income from continuing operations for EPS

     347.2        308.1        129.5        121.9  

Income from discontinued operations

     (2.6      1.5        —          1.5  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands

   $ 344.6      $ 309.6      $ 129.5      $ 123.4  
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per common share

           

Basic

           

Continuing operations

   $ 2.26      $ 2.00      $ 0.84      $ 0.79  

Discontinued operations

     (0.02      0.01        —          0.01  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 2.24      $ 2.01      $ 0.84      $ 0.80  

Diluted

           

Continuing operations

   $ 2.22      $ 1.95      $ 0.83      $ 0.77  

Discontinued operations

     (0.02      0.01        —          0.01  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 2.20      $ 1.96      $ 0.83      $ 0.78  

Basic average shares outstanding

     153.7        154.4        153.5        154.2  

Stock-based awards

     2.5        3.6        2.4        3.4  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted average shares outstanding

     156.2        158.1        155.9        157.6  

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

     0.6        0.5        0.6        —