XML 83 R47.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Pre-Tax Stock-Based Compensation Expense from Continuing Operations

Stock-based compensation expense from continuing operations was as follows:

(In millions)		2019					2018					2017
Stock option awards		$	7.0				$	8.6				$	7.4
Restricted stock units			19.4					21.3					21.6
Performance awards			4.2					6.3					13.6
Director awards			1.2					1.0					1.0
Total pre-tax expense			31.8					37.2					43.6
Tax benefit			6.0					6.2					15.2
Total after tax expense		$	25.8				$	31.0				$	28.4

Restricted Stock Units Activity

A summary of activity with respect to restricted stock units outstanding under the Plans for the year ended December 31, 2019 was as follows:

		Number of Restricted Stock Units				Weighted-Average Grant-Date Fair Value
Non-vested at December 31, 2018			660,375			$	58.63
Granted			468,617				49.46
Vested			(314,482	)			57.51
Forfeited			(58,028	)			52.78
Non-vested at December 31, 2019			756,482			$	53.89

Black-Scholes Option Pricing Model Assumptions used to Estimate Fair Value of Options

The fair value of Fortune Brands options was estimated at the date of grant using a Black-Scholes option pricing model with the assumptions shown in the following table:

			2019					2018			2017
Current expected dividend yield				1.5	%			1.3%			1.4%
Expected volatility				27.0	%			24.0%			26.0%
Risk-free interest rate				2.5	%			2.6%			1.9%
Expected term			5 years					5 years			5.5 years

Stock Option Activity

A summary of Fortune Brands stock option activity related to Fortune Brands and former employees of Fortune Brands, Inc., the Company from which we spun off from in 2011, for the year ended December 31, 2019 was as follows:

		Options				Weighted- Average Exercise Price
Outstanding at December 31, 2018			4,023,822			$	40.83
Granted			652,559				47.85
Exercised			(760,807	)			22.71
Expired/forfeited			(90,358	)			56.35
Outstanding at December 31, 2019			3,825,216			$	45.27

Options Outstanding and Exercisable

Options outstanding and exercisable at December 31, 2019 were as follows:

		Options Outstanding (a)												Options Exercisable (b)
Range Of Exercise Prices		Options Outstanding				Weighted- Average Remaining Contractual Life				Weighted- Average Exercise Price				Options Exercisable				Weighted- Average Exercise Price
13.00 to 20.00			623,901				1.7				16.74				623,901				16.74
20.01 to 65.41			3,201,315				6.6				50.83				2,044,336				48.91
			3,825,216				5.8			$	45.27				2,668,237			$	41.39

^{(a) At December 31, 2019, the aggregate intrinsic value of options outstanding was $76.8 million.}

^{(b) At December 31, 2019 the weighted-average remaining contractual life of options exercisable was 4.6 years and the aggregate intrinsic value of options exercisable was $63.9 million.}

Summarizes Information of Performance Share Awards

The following table summarizes information about performance share awards as of December 31, 2019, as well as activity during the year then ended. The number of performance share awards granted are shown below at the target award amounts:

		Number of Performance Share Awards				Weighted-Average Grant-Date Fair Value
Non-vested at December 31, 2018			409,091			$	57.50
Granted			310,471				47.77
Vested			(126,700	)			50.85
Forfeited			(37,205	)			55.74
Non-vested at December 31, 2019			555,657			$	53.71

X

- Definition

Share based compensation expense by award type.

+ References

No definition available.

+ Details

Name:	fbhs_ShareBasedCompensationExpenseByAwardTypeTextBlock
Namespace Prefix:	fbhs_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding performance-based awards that are fully vested and expected to vest. Includes, but is not limited to, unvested awards for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceBasedUnitsVestedAndExpectedToVestTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration