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Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

21. Earnings Per Share

 

The computations of earnings per common share were as follows:

 

(In millions, except per share data)

 

2022

 

 

 

2021

 

 

2020

 

Income from continuing operations, net of tax

 

$

539.9

 

 

 

$

559.7

 

 

$

380.8

 

Less: Noncontrolling interests

 

 

—

 

 

 

 

—

 

 

 

1.3

 

Income from continuing operations

 

$

539.9

 

 

 

$

559.7

 

 

$

379.5

 

Income from discontinued operations

 

 

146.8

 

 

 

 

212.7

 

 

 

173.6

 

Net income attributable to Fortune Brands

 

$

686.7

 

 

 

$

772.4

 

 

$

553.1

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

4.14

 

 

 

$

4.07

 

 

$

2.74

 

Discontinued operations

 

$

1.13

 

 

 

$

1.55

 

 

$

1.25

 

Basic earnings per share attributable to Fortune Brands

 

$

5.27

 

 

 

$

5.62

 

 

$

3.99

 

Diluted

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

4.11

 

 

 

$

4.01

 

 

$

2.71

 

Discontinued operations

 

$

1.12

 

 

 

$

1.53

 

 

$

1.23

 

Diluted earnings per share attributable to Fortune Brands

 

$

5.23

 

 

 

$

5.54

 

 

$

3.94

 

Basic average shares outstanding(a)

 

 

130.3

 

 

 

 

137.5

 

 

 

138.7

 

Stock-based awards

 

 

1.0

 

 

 

 

2.0

 

 

 

1.5

 

Diluted average shares outstanding(a)

 

 

131.3

 

 

 

 

139.5

 

 

 

140.2

 

Antidilutive stock-based awards excluded from weighted-average
   number of shares outstanding for diluted earnings per share

 

 

1.3

 

 

 

 

0.3

 

 

 

0.8

 
(a)
Reflects the impact of share repurchases during the years ended December 31, 2022, 2021 and 2020, respectively.