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Earnings Per Share
 9 Months Ended
Sep. 30, 2021
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, 2021 and 2020 were as follows:

 

(In millions, except per share data)

 

Nine Months Ended

September 30,

 

 

Three Months Ended

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income

 

$

597.1

 

 

$

390.8

 

 

$

202.1

 

 

$

165.8

 

Less: Noncontrolling interest

 

 

—

 

 

 

1.3

 

 

 

—

 

 

 

1.2

 

Net income attributable to Fortune Brands

 

 

597.1

 

 

 

389.5

 

 

 

202.1

 

 

 

164.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

4.32

 

 

$

2.81

 

 

$

1.47

 

 

$

1.19

 

Diluted earnings per common share

 

$

4.26

 

 

$

2.78

 

 

$

1.45

 

 

$

1.17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic average shares outstanding

 

 

138.3

 

 

 

138.6

 

 

 

137.8

 

 

 

138.6

 

Stock-based awards

 

 

1.9

 

 

 

1.4

 

 

 

1.9

 

 

 

1.9

 

Diluted average shares outstanding

 

 

140.2

 

 

 

140.0

 

 

 

139.7

 

 

 

140.5

 

Antidilutive stock-based awards excluded from weighted-

   average number of shares outstanding for diluted

   earnings per share

 

 

0.3

 

 

 

1.1

 

 

 

0.4

 

 

 

0.3