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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
NET SALES [1] $ 5,485.1 $ 5,283.3 $ 4,984.9
Cost of products sold 3,525.7 3,358.3 3,188.8
Selling, general and administrative expenses 1,241.4 1,196.9 1,135.5
Amortization of intangible assets 36.1 31.7 28.1
Loss on sale of product line (see Note 4)   2.4  
Asset impairment charges 62.6 3.2  
Restructuring charges 24.1 8.3 13.9 [2]
OPERATING INCOME 595.2 682.5 618.6
Interest expense 74.5 49.4 49.1
Other income, net (16.3) (1.7) (12.6)
Income from continuing operations before income taxes 537.0 634.8 582.1
Income taxes 147.0 159.5 169.7
Income from continuing operations, net of tax 390.0 475.3 412.4
(Loss) income from discontinued operations, net of tax (0.2) (2.6) 0.8
NET INCOME 389.8 472.7 413.2
Less: Noncontrolling interests 0.2 0.1  
NET INCOME ATTRIBUTABLE TO FORTUNE BRANDS $ 389.6 $ 472.6 $ 413.2
BASIC EARNINGS (LOSS) PER COMMON SHARE      
Continuing operations $ 2.69 $ 3.10 $ 2.67
Discontinuing operations   (0.02) 0.01
Net income attributable to Fortune Brands common shareholders 2.69 3.08 2.68
DILUTED EARNINGS (LOSS) PER COMMON SHARE      
Continuing operations 2.66 3.05 2.61
Discontinuing operations   (0.02) 0.01
Net income attributable to Fortune Brands common shareholders $ 2.66 $ 3.03 $ 2.62
Basic average number of shares outstanding 144.6 153.2 154.3
Diluted average number of shares outstanding 146.4 155.8 157.8
[1] Based on country of destination
[2] “Other Charges” represent charges or gains directly related to restructuring initiatives that cannot be reported as restructuring under GAAP. Such charges or gains may include losses on disposal of inventories, trade receivables allowances from exiting product lines, accelerated depreciation resulting from the closure of facilities, and gains and losses on the sale of previously closed facilities.