XML 89 R25.htm IDEA: XBRL DOCUMENT v3.19.3
Earning Per Share
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

17.

Earnings Per Share

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

 

(In millions, except per share data)

 

Nine Months Ended

September 30,

 

 

Three Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Income from continuing operations, net of tax

 

$

327.3

 

 

$

304.7

 

 

$

105.7

 

 

$

99.9

 

Less: Noncontrolling interest

 

 

(0.5

)

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

Income from continuing operations for EPS

 

 

327.8

 

 

 

304.6

 

 

 

105.6

 

 

 

99.8

 

Loss from discontinued operations

 

 

—

 

 

 

(0.2

)

 

 

—

 

 

 

—

 

Net income attributable to Fortune Brands

 

$

327.8

 

 

$

304.4

 

 

$

105.6

 

 

 

99.8

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

2.34

 

 

$

2.09

 

 

$

0.76

 

 

$

0.70

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net income attributable to Fortune Brands common

   stockholders

 

$

2.34

 

 

$

2.09

 

 

$

0.76

 

 

$

0.70

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

2.32

 

 

$

2.06

 

 

$

0.75

 

 

$

0.69

 

Discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net income attributable to Fortune Brands common

   stockholders

 

$

2.32

 

 

$

2.06

 

 

$

0.75

 

 

$

0.69

 

Basic average shares outstanding

 

 

140.0

 

 

 

145.8

 

 

 

139.5

 

 

 

142.4

 

Stock-based awards

 

 

1.4

 

 

 

1.9

 

 

 

1.4

 

 

 

1.8

 

Diluted average shares outstanding

 

 

141.4

 

 

 

147.7

 

 

 

140.9

 

 

 

144.2

 

Antidilutive stock-based awards excluded from weighted-

   average number of shares outstanding for diluted

   earnings per share

 

 

2.2

 

 

 

1.1

 

 

 

1.7

 

 

 

1.2