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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2020
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, 2020 and 2019 were as follows:

 

(In millions, except per share data)

 

Six Months Ended

June 30,

 

 

Three Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net income

 

$

225.0

 

 

$

221.6

 

 

$

116.2

 

 

$

137.1

 

Less: Noncontrolling interest

 

 

0.1

 

 

 

(0.6

)

 

 

0.4

 

 

 

(0.4

)

Net income attributable to Fortune Brands

 

 

224.9

 

 

 

222.2

 

 

 

115.8

 

 

 

137.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

1.62

 

 

$

1.58

 

 

$

0.84

 

 

$

0.98

 

Diluted earnings per common share

 

$

1.61

 

 

$

1.57

 

 

$

0.83

 

 

$

0.97

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic average shares outstanding

 

 

138.6

 

 

 

140.3

 

 

 

138.0

 

 

 

139.9

 

Stock-based awards

 

 

1.2

 

 

 

1.3

 

 

 

0.8

 

 

 

1.4

 

Diluted average shares outstanding

 

 

139.8

 

 

 

141.6

 

 

 

138.8

 

 

 

141.3

 

Antidilutive stock-based awards excluded from weighted-

   average number of shares outstanding for diluted

   earnings per share

 

 

1.4

 

 

 

2.4

 

 

 

1.9

 

 

 

1.9