XML 49 R39.htm IDEA: XBRL DOCUMENT v3.19.2
Earning Per Share (Tables)
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Computations of Earnings (Loss) per Common Share

The computations of earnings per common share for the six and three months ended June 30, 2019 and 2018 were as follows:

 

(In millions, except per share data)

 

Six Months Ended

June 30,

 

 

Three Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Income from continuing operations, net of tax

 

$

221.6

 

 

$

204.8

 

 

$

137.1

 

 

$

129.7

 

Less: Noncontrolling interest

 

 

(0.6

)

 

 

—

 

 

 

(0.4

)

 

 

0.1

 

Income from continuing operations for EPS

 

 

222.2

 

 

 

204.8

 

 

 

137.5

 

 

 

129.6

 

Loss from discontinued operations

 

 

-

 

 

 

(0.2

)

 

 

—

 

 

 

-

 

Net income attributable to Fortune Brands

 

$

222.2

 

 

$

204.6

 

 

$

137.5

 

 

 

129.6

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1.58

 

 

$

1.39

 

 

$

0.98

 

 

$

0.89

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net income attributable to Fortune Brands common

   stockholders

 

$

1.58

 

 

$

1.39

 

 

$

0.98

 

 

$

0.89

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

1.57

 

 

$

1.37

 

 

$

0.97

 

 

$

0.88

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net income attributable to Fortune Brands common

   stockholders

 

$

1.57

 

 

$

1.37

 

 

$

0.97

 

 

$

0.88

 

Basic average shares outstanding

 

 

140.3

 

 

 

147.4

 

 

 

139.9

 

 

 

144.9

 

Stock-based awards

 

 

1.3

 

 

 

2.0

 

 

 

1.4

 

 

 

1.8

 

Diluted average shares outstanding

 

 

141.6

 

 

 

149.4

 

 

 

141.3

 

 

 

146.7

 

Antidilutive stock-based awards excluded from weighted-

   average number of shares outstanding for diluted

   earnings per share

 

 

2.4

 

 

 

1.0

 

 

 

1.9

 

 

 

1.5