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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 1,380.8 $ 1,348.6 $ 4,064.4 $ 3,900.8
Cost of products sold 886.9 843.3 2,606.8 2,468.1
Selling, general and administrative expenses 305.1 297.9 932.8 880.3
Amortization of intangible assets 8.9 7.5 25.3 23.6
Loss on sale of product line (see Note 4)       2.4
Asset impairment charges 27.1   27.1 3.2
Restructuring charges 5.7 0.4 17.3 3.5
Operating income 147.1 199.5 455.1 519.7
Interest expense 19.0 12.3 51.1 36.5
Other income, net (9.6) (2.2) (15.8) (9.2)
Income before income taxes 137.7 189.4 419.8 492.4
Income taxes 37.8 59.8 115.1 145.1
Income from continuing operations, net of tax 99.9 129.6 304.7 347.3
Loss from discontinued operations , net of tax     (0.2) (2.6)
Net income 99.9 129.6 304.5 344.7
Less: Noncontrolling interests 0.1 0.1 0.1 0.1
Net income attributable to Fortune Brands $ 99.8 $ 129.5 $ 304.4 $ 344.6
Basic earnings per common share        
Continuing operations $ 0.70 $ 0.84 $ 2.09 $ 2.26
Discontinued operations       (0.02)
Net income attributable to Fortune Brands common shareholders 0.70 0.84 2.09 2.24
Diluted earnings per common share        
Continuing operations 0.69 0.83 2.06 2.22
Discontinued operations       (0.02)
Net income attributable to Fortune Brands common shareholders $ 0.69 $ 0.83 $ 2.06 $ 2.20
Comprehensive income $ 107.4 $ 158.7 $ 298.0 $ 391.1