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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Computations of Earnings (Loss) per Common Share

The computations of earnings (loss) per common share were as follows:

 

(In millions, except per share data)

 

2020

 

 

 

2019

 

 

2018

 

Income from continuing operations, net of tax

 

$

554.4

 

 

 

$

431.3

 

 

$

390.0

 

Less: Noncontrolling interests

 

 

1.3

 

 

 

 

(0.6

)

 

 

0.2

 

Income from continuing operations for EPS

 

 

553.1

 

 

 

 

431.9

 

 

 

389.8

 

Loss from discontinued operations, net of tax

 

 

—

 

 

 

 

—

 

 

 

(0.2

)

Net income attributable to Fortune Brands

 

$

553.1

 

 

 

$

431.9

 

 

$

389.6

 

Earnings (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

3.99

 

 

 

$

3.09

 

 

$

2.69

 

Discontinued operations

 

 

—

 

 

 

 

—

 

 

 

—

 

Net income attributable to Fortune Brands common stockholders

 

$

3.99

 

 

 

$

3.09

 

 

$

2.69

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

3.94

 

 

 

$

3.06

 

 

$

2.66

 

Discontinued operations

 

 

—

 

 

 

 

—

 

 

 

—

 

Net income attributable to Fortune Brands common stockholders

 

$

3.94

 

 

 

$

3.06

 

 

$

2.66

 

Basic average shares outstanding(a)

 

 

138.7

 

 

 

 

139.9

 

 

 

144.6

 

Stock-based awards

 

 

1.5

 

 

 

 

1.4

 

 

 

1.8

 

Diluted average shares outstanding(a)

 

 

140.2

 

 

 

 

141.3

 

 

 

146.4

 

Antidilutive stock-based awards excluded from weighted-average

   number of shares outstanding for diluted earnings per share

 

 

0.8

 

 

 

 

1.8

 

 

 

1.5

 

 

(a) Reflects the impact of share repurchases during the years ended December 31, 2020, 2019 and 2018, respectively.