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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation Expense

Stock-based compensation expense was as follows:

(In millions)		2020					2019					2018
Restricted stock units		$	21.5				$	19.4				$	21.3
Stock option awards			5.3					7.0					8.6
Performance awards			22.6					4.2					6.3
Director awards			0.9					1.2					1.0
Total pre-tax expense			50.3					31.8					37.2
Tax benefit			8.7					6.0					6.2
Total after tax expense		$	41.6				$	25.8				$	31.0

RSU Activity

A summary of activity with respect to RSUs outstanding under the Plans for the year ended December 31, 2020 was as follows:

		Number of Restricted Stock Units				Weighted-Average Grant-Date Fair Value
Non-vested at December 31, 2019			756,482			$	53.89
Granted			371,513				70.66
Vested			(363,146	)			56.09
Forfeited			(56,511	)			53.89
Non-vested at December 31, 2020			708,338			$	61.48

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:

			2020					2019					2018
Current expected dividend yield				1.4	%				1.5	%			1.3%
Expected volatility				25.9	%				27.0	%			24.0%
Risk-free interest rate				1.2	%				2.5	%			2.6%
Expected term			5.3 years					5.0 years					5.0 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, 2020 was as follows:

		Options				Weighted- Average Exercise Price
Outstanding at December 31, 2019			3,825,216			$	45.27
Granted			530,932				70.56
Exercised			(1,734,610	)			37.44
Expired/forfeited			(82,509	)			56.40
Outstanding at December 31, 2020			2,539,029			$	55.54

Options Outstanding and Exercisable

Options outstanding and exercisable at December 31, 2020 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			64,274				0.75				17.21				64,274				17.21
20.01 to 83.07			2,474,755				6.86				56.53				1,589,176				52.94
			2,539,029				6.71			$	55.54				1,653,450			$	51.56

^{(a) At December 31, 2020, the aggregate intrinsic value of options outstanding was $76.6 million.}

^{(b) At December 31, 2020 the weighted-average remaining contractual life of options exercisable was 5.7 years and the aggregate intrinsic value of options exercisable was $56.5 million.}

Summarizes Information of Performance Share Awards

The following table summarizes information about performance share awards as of December 31, 2020, 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, 2019			555,657			$	53.71
Granted			192,958				68.15
Vested			(60,048	)			58.08
Forfeited			(112,108	)			56.32
Non-vested at December 31, 2020			576,459			$	57.54

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