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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net sales [1] $ 5,283.3 $ 4,984.9 $ 4,579.4
Cost of products sold 3,350.8 3,180.3 2,997.5
Selling, general and administrative expenses 1,194.8 1,129.9 1,047.6
Amortization of intangible assets 31.7 28.1 21.6
Loss on sale of product line (see Note 4) 2.4    
Asset impairment charges 3.2    
Restructuring charges 8.3 13.9 16.6
OPERATING INCOME 692.1 632.7 496.1
Interest expense 49.4 49.1 31.9
Other expense, net 7.9 1.5 4.3
Income from continuing operations before income taxes 634.8 582.1 459.9
Income taxes 159.5 169.7 153.4
Income from continuing operations, net of tax 475.3 412.4 306.5
(Loss) income from discontinued operations, net of tax (2.6) 0.8 9.0
NET INCOME 472.7 413.2 315.5
Less: Noncontrolling interests 0.1   0.5
NET INCOME ATTRIBUTABLE TO FORTUNE BRANDS $ 472.6 $ 413.2 $ 315.0
Basic earnings (loss) per common share      
Continuing operations $ 3.10 $ 2.67 $ 1.92
Discontinuing operations (0.02) 0.01 0.05
Net income attributable to Fortune Brands common shareholders 3.08 2.68 1.97
Diluted earnings (loss) per common share      
Continuing operations 3.05 2.61 1.88
Discontinuing operations (0.02) 0.01 0.05
Net income attributable to Fortune Brands common shareholders $ 3.03 $ 2.62 $ 1.93
Basic average number of shares outstanding 153.2 154.3 159.5
Diluted average number of shares outstanding 155.8 157.8 163.0
Dividends declared per common share $ 0.74 $ 0.66 $ 0.58
[1] Based on country of destination