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Earnings Per Share
3 Months Ended
Mar. 31, 2018
Earnings Per Share
17. Earnings Per Share

The computations of earnings per common share for the three months ended March 31, 2018 and 2017 were as follows:

 

(In millions, except per share data)    Three Months Ended March 31,  
     2018      2017  

Income from continuing operations, net of tax

   $ 75.1      $ 77.4  

Less: Noncontrolling interest

     (0.1      —    
  

 

 

    

 

 

 

Income from continuing operations for EPS

     75.2        77.4  

Loss from discontinued operations

     (0.2      —    
  

 

 

    

 

 

 

Net income attributable to Fortune Brands

   $ 75.0      $ 77.4  
  

 

 

    

 

 

 

Earnings per common share

     

Basic

     

Continuing operations

   $ 0.50      $ 0.50  

Discontinued operations

     —          —    
  

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 0.50      $ 0.50  

Diluted

     

Continuing operations

   $ 0.49      $ 0.50  

Discontinued operations

     —          —    
  

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 0.49      $ 0.50  

Basic average shares outstanding

     149.9        153.3  

Stock-based awards

     2.2        2.9  
  

 

 

    

 

 

 

Diluted average shares outstanding

     152.1        156.2  

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

     0.5        0.6