XML 13 R3.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 276.3 $ 262.9
Accounts receivable less allowances for discounts and doubtful accounts 706.2 571.7
Inventories 741.9 678.9
Other current assets 192.5 172.6
Total current assets 1,916.9 1,686.1
Property, plant and equipment, net of accumulated depreciation 804.9 813.4
Operating lease assets 173.2  
Goodwill [1] 2,085.7 2,080.3
Other intangible assets, net of accumulated amortization 1,229.2 1,246.8
Other assets 133.5 138.0
Total assets 6,343.4 5,964.6
Current liabilities    
Short-term debt 749.3 525.0
Accounts payable 476.6 459.0
Other current liabilities 469.3 508.1
Total current liabilities 1,695.2 1,492.1
Long-term debt 1,666.0 1,809.0
Deferred income taxes 167.9 162.6
Accrued defined benefit plans 162.1 163.3
Operating lease liabilities 146.3  
Other non-current liabilities 161.2 157.6
Total liabilities 3,998.7 3,784.6
Commitments and contingencies (see Note 18)
Equity    
Common stock [2] 1.8 1.8
Paid-in capital 2,786.6 2,766.0
Accumulated other comprehensive loss (64.1) (67.0)
Retained earnings 1,648.1 1,448.1
Treasury stock (2,028.9) (1,970.7)
Total Fortune Brands equity 2,343.5 2,178.2
Noncontrolling interests 1.2 1.8
Total equity 2,344.7 2,180.0
Total liabilities and equity $ 6,343.4 $ 5,964.6
[1] Net of accumulated impairment losses of $399.5 million in the Doors & Security segment.
[2] Common stock, par value $0.01 per share; 181.4 million shares and 180.6 million shares issued at June 30, 2019 and December 31, 2018, respectively.