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Earnings Per Share
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

16.

Earnings Per Share

The computations of earnings per common share for the nine and three months ended September 30, 2020 and 2019 were as follows:

 

(In millions, except per share data)

 

Nine Months Ended

September 30,

 

 

Three Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net income

 

$

390.8

 

 

$

327.3

 

 

$

165.8

 

 

$

105.7

 

Less: Noncontrolling interest

 

 

1.3

 

 

 

(0.5

)

 

 

1.2

 

 

 

0.1

 

Net income attributable to Fortune Brands

 

 

389.5

 

 

 

327.8

 

 

 

164.6

 

 

 

105.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

2.81

 

 

$

2.34

 

 

$

1.19

 

 

$

0.76

 

Diluted earnings per common share

 

$

2.78

 

 

$

2.32

 

 

$

1.17

 

 

$

0.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic average shares outstanding

 

 

138.6

 

 

 

140.0

 

 

 

138.6

 

 

 

139.5

 

Stock-based awards

 

 

1.4

 

 

 

1.4

 

 

 

1.9

 

 

 

1.4

 

Diluted average shares outstanding

 

 

140.0

 

 

 

141.4

 

 

 

140.5

 

 

 

140.9

 

Antidilutive stock-based awards excluded from weighted-

   average number of shares outstanding for diluted

   earnings per share

 

 

1.1

 

 

 

2.2

 

 

 

0.3

 

 

 

1.7