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Earnings Per Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share
17. Earnings Per 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,
 
     2018      2017      2018      2017  

Income from continuing operations, net of tax

   $ 204.8      $ 217.7      $ 129.7      $ 140.3  

Less: Noncontrolling interest

     —          —          0.1        —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Income from continuing operations for EPS

   $ 204.8      $ 217.7      $ 129.6      $ 140.3  

Loss from discontinued operations, net of tax

     (0.2      (2.6      —          (2.6
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands

   $ 204.6      $ 215.1      $ 129.6      $ 137.7  
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per common share

           

Basic

           

Continuing operations

   $ 1.39      $ 1.42      $ 0.89      $ 0.91  

Discontinued operations

     —          (0.02      —          (0.02
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 1.39      $ 1.40      $ 0.89      $ 0.89  

Diluted

           

Continuing operations

   $ 1.37      $ 1.39      $ 0.88      $ 0.90  

Discontinued operations

     —          (0.02      —          (0.02
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 1.37      $ 1.37      $ 0.88      $ 0.88  

Basic average shares outstanding

     147.4        153.7        144.9        154.2  

Stock-based awards

     2.0        2.7        1.8        2.4  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted average shares outstanding

     149.4        156.4        146.7        156.6  

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

     1.0        0.6        1.5        0.6