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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Data | 20. Quarterly Financial Data Unaudited (In millions, except per share amounts)
2018 |  | 1 st |  |  | 2 nd |  |  | 3 rd |  |  | 4 th |  |  | Full Year |
Net sales |  | $ | 1,254.6 |  |  | $ | 1,429.0 |  |  | $ | 1,380.8 |  |  | $ | 1,420.7 |  |  | $ | 5,485.1 |
Gross profit |  |  | 439.6 |  |  |  | 524.1 |  |  |  | 493.9 |  |  |  | 501.8 |  |  |  | 1,959.4 |
Operating income |  |  | 119.4 |  |  |  | 188.6 |  |  |  | 147.1 |  |  |  | 140.1 |  |  |  | 595.2 |
Income from continuing operations, net of tax |  |  | 75.1 |  |  |  | 129.7 |  |  |  | 99.9 |  |  |  | 85.3 |  |  |  | 390.0 |
Income (loss) from discontinued operations, net of tax |  |  | (0.2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.2 | )
Net income |  |  | 74.9 |  |  |  | 129.7 |  |  |  | 99.9 |  |  |  | 85.3 |  |  |  | 389.8 |
Net income attributable to Fortune Brands |  |  | 75.0 |  |  |  | 129.6 |  |  |  | 99.8 |  |  |  | 85.2 |  |  |  | 389.6 |
Basic earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.50 |  |  |  | 0.89 |  |  |  | 0.70 |  |  |  | 0.60 |  |  |  | 2.69 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income attributable to Fortune Brands |  |  | 0.50 |  |  |  | 0.89 |  |  |  | 0.70 |  |  |  | 0.60 |  |  |  | 2.69 |
Diluted earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.49 |  |  |  | 0.88 |  |  |  | 0.69 |  |  |  | 0.60 |  |  |  | 2.66 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income attributable to Fortune Brands |  |  | 0.49 |  |  |  | 0.88 |  |  |  | 0.69 |  |  |  | 0.60 |  |  |  | 2.66 |
2017 |  | 1 st |  |  | 2 nd |  |  | 3 rd |  |  | 4 th |  |  | Full Year |
Net sales |  | $ | 1,186.8 |  |  | $ | 1,365.4 |  |  | $ | 1,348.6 |  |  | $ | 1,382.5 |  |  | $ | 5,283.3 |
Gross profit (a) |  |  | 414.1 |  |  |  | 513.3 |  |  |  | 505.3 |  |  |  | 492.3 |  |  |  | 1,925.0 |
Operating income (a) |  |  | 111.0 |  |  |  | 209.2 |  |  |  | 199.5 |  |  |  | 162.8 |  |  |  | 682.5 |
Income from continuing operations, net of tax |  |  | 77.4 |  |  |  | 140.3 |  |  |  | 129.6 |  |  |  | 128.0 |  |  |  | 475.3 |
Income (loss) from discontinued operations, net of tax |  |  | — |  |  |  | (2.6 | ) |  |  | — |  |  |  | — |  |  |  | (2.6 | )
Net income |  |  | 77.4 |  |  |  | 137.7 |  |  |  | 129.6 |  |  |  | 128.0 |  |  |  | 472.7 |
Net income attributable to Fortune Brands |  |  | 77.4 |  |  |  | 137.7 |  |  |  | 129.5 |  |  |  | 128.0 |  |  |  | 472.6 |
Basic earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.50 |  |  |  | 0.91 |  |  |  | 0.84 |  |  |  | 0.84 |  |  |  | 3.10 |
Discontinued operations |  |  | — |  |  |  | (0.02 | ) |  |  | — |  |  |  | — |  |  |  | (0.02 | )
Net income attributable to Fortune Brands |  |  | 0.50 |  |  |  | 0.89 |  |  |  | 0.84 |  |  |  | 0.84 |  |  |  | 3.08 |
Diluted earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 0.50 |  |  |  | 0.90 |  |  |  | 0.83 |  |  |  | 0.83 |  |  |  | 3.05 |
Discontinued operations |  |  | — |  |  |  | (0.02 | ) |  |  | — |  |  |  | — |  |  |  | (0.02 | )
Net income attributable to Fortune Brands |  |  | 0.50 |  |  |  | 0.88 |  |  |  | 0.83 |  |  |  | 0.83 |  |  |  | 3.03 |
(a) | Amounts revised to reflect adoption of ASU 2017-07 “Presentation of Net Periodic Pension and Postretirement Costs.”
In 2018, we recorded pre-tax defined benefit plan actuarial loss of $3.8 million—$0.3 million of actuarial loss ($0.2 million after tax) in the third quarter and $3.5 million of actuarial losses ($2.8 million after tax) in the fourth quarter. In 2017, we recorded pre-tax defined benefit plan actuarial gains of $0.5 million—$1.3 million of actuarial gains ($0.9 million after tax) in the third quarter and ($0.8) million of actuarial losses (($0.5) million after tax) in the fourth quarter.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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