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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Data | 19. Quarterly Financial Data Unaudited (In millions, except per share amounts)
2017 |  | 1st |  |  | 2nd |  |  | 3rd |  |  | 4th |  |  | Full Year |
Net sales |  | $ | 1,186.8 |  |  | $ | 1,365.4 |  |  | $ | 1,348.6 |  |  | $ | 1,382.5 |  |  | $ | 5,283.3 |
Gross profit |  |  | 417.0 |  |  |  | 515.5 |  |  |  | 507.0 |  |  |  | 493.0 |  |  |  | 1,932.5 |
Operating income |  |  | 114.9 |  |  |  | 212.4 |  |  |  | 201.8 |  |  |  | 163.0 |  |  |  | 692.1 |
Income from continuing operations, net of tax |  |  | 77.4 |  |  |  | 140.3 |  |  |  | 129.6 |  |  |  | 128.0 |  |  |  | 475.3 |
Income (loss) from discontinued operations, net of tax |  |  | — |  |  |  | (2.6 | ) |  |  | — |  |  |  | — |  |  |  | (2.6 | )
Net income |  |  | 77.4 |  |  |  | 137.7 |  |  |  | 129.6 |  |  |  | 128.0 |  |  |  | 472.7 |
Net income attributable to Fortune Brands |  |  | 77.4 |  |  |  | 137.7 |  |  |  | 129.5 |  |  |  | 128.0 |  |  |  | 472.6 |
Basic earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.50 |  |  |  | 0.91 |  |  |  | 0.84 |  |  |  | 0.84 |  |  |  | 3.10 |
Discontinued operations |  |  | — |  |  |  | (0.02 | ) |  |  | — |  |  |  | — |  |  |  | (0.02 | )
Net income attributable to Fortune Brands |  |  | 0.50 |  |  |  | 0.89 |  |  |  | 0.84 |  |  |  | 0.84 |  |  |  | 3.08 |
Diluted earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.50 |  |  |  | 0.90 |  |  |  | 0.83 |  |  |  | 0.83 |  |  |  | 3.05 |
Discontinued operations |  |  | — |  |  |  | (0.02 | ) |  |  | — |  |  |  | — |  |  |  | (0.02 | )
Net income attributable to Fortune Brands |  |  | 0.50 |  |  |  | 0.88 |  |  |  | 0.83 |  |  |  | 0.83 |  |  |  | 3.03 |
2016 |  | 1st(a) |  |  | 2nd |  |  | 3rd |  |  | 4th |  |  | Full Year |
Net sales |  | $ | 1,106.5 |  |  | $ | 1,297.8 |  |  | $ | 1,279.0 |  |  | $ | 1,301.6 |  |  | $ | 4,984.9 |
Gross profit |  |  | 377.8 |  |  |  | 474.7 |  |  |  | 478.0 |  |  |  | 474.1 |  |  |  | 1,804.6 |
Operating income |  |  | 95.5 |  |  |  | 187.7 |  |  |  | 183.1 |  |  |  | 166.4 |  |  |  | 632.7 |
Income from continuing operations, net of tax |  |  | 61.0 |  |  |  | 125.1 |  |  |  | 121.9 |  |  |  | 104.4 |  |  |  | 412.4 |
Income (loss) from discontinued operations, net of tax |  |  | — |  |  |  | — |  |  |  | 1.5 |  |  |  | (0.7 | ) |  |  | 0.8 |
Net income |  |  | 61.0 |  |  |  | 125.1 |  |  |  | 123.4 |  |  |  | 103.7 |  |  |  | 413.2 |
Net income attributable to Fortune Brands |  |  | 61.0 |  |  |  | 125.2 |  |  |  | 123.4 |  |  |  | 103.6 |  |  |  | 413.2 |
Basic earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.39 |  |  |  | 0.82 |  |  |  | 0.79 |  |  |  | 0.68 |  |  |  | 2.67 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | 0.01 |  |  |  | (0.01 | ) |  |  | 0.01 |
Net income attributable to Fortune Brands |  |  | 0.39 |  |  |  | 0.82 |  |  |  | 0.80 |  |  |  | 0.67 |  |  |  | 2.68 |
Diluted earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.38 |  |  |  | 0.80 |  |  |  | 0.77 |  |  |  | 0.67 |  |  |  | 2.61 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | 0.01 |  |  |  | (0.01 | ) |  |  | 0.01 |
Net income attributable to Fortune Brands |  |  | 0.38 |  |  |  | 0.80 |  |  |  | 0.78 |  |  |  | 0.66 |  |  |  | 2.62 |
(a) | Amounts revised to reflect adoption of ASU 2016-09 “Improvements to Employee Share-Based Payment Accounting.”
In 2017, we recorded pre-tax defined benefit plan actuarial gains of $0.5 million — $1.3 million of actuarial gains ($0.9 million after tax) in the third quarter and ($0.8) million of actuarial losses (($0.5) million after tax) in the fourth quarter. In 2016, we recorded pre-tax defined benefit plan actuarial losses of $1.9 million — $0.9 million ($0.6 million after tax) in the first quarter and $1.0 million ($0.7 million after tax) in the third quarter.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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