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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Computations of Earnings per Common Share

The computations of earnings per common share were as follows:

 

(In millions, except per share data)    Nine Months Ended
September 30,
     Three Months Ended
September 30,
 
     2018      2017      2018      2017  

Income from continuing operations, net of tax

   $ 304.7      $ 347.3      $ 99.9      $ 129.6  

Less: Noncontrolling interest

     0.1        0.1        0.1        0.1  
  

 

 

    

 

 

    

 

 

    

 

 

 

Income from continuing operations for earnings per share

     304.6        347.2        99.8        129.5  

Loss from discontinued operations, net of tax

     (0.2      (2.6      —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands

   $ 304.4      $ 344.6      $ 99.8      $ 129.5  
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per common share

           

Basic

           

Continuing operations

   $ 2.09      $ 2.26      $ 0.70      $ 0.84  

Discontinued operations

     —          (0.02      —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 2.09      $ 2.24      $ 0.70      $ 0.84  

Diluted

           

Continuing operations

   $ 2.06      $ 2.22      $ 0.69      $ 0.83  

Discontinued operations

     —          (0.02      —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to Fortune Brands common stockholders

   $ 2.06      $ 2.20      $ 0.69      $ 0.83  

Basic average shares outstanding

     145.8        153.7        142.4        153.5  

Stock-based awards

     1.9        2.5        1.8        2.4  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted average shares outstanding

     147.7        156.2        144.2        155.9  

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

     1.1        0.6        1.2        0.6