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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 28, 2024

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation Expense

Stock-based compensation expense was as follows:

(In millions)		2024					2023					2022
Restricted stock units		$	21.7				$	22.1				$	16.6
Stock option awards			6.0					5.3					6.6
Performance awards			11.8					6.1					15.6
Director awards			1.4					1.7					1.3
Total pre-tax expense			40.9					35.2					40.1
Tax benefit			5.5					7.9					9.2
Total after tax expense		$	35.4				$	27.3				$	30.9

RSU Activity

A summary of activity with respect to RSUs outstanding under the Plans for the year ended December 28, 2024 was as follows:

		Number of Restricted Stock Units				Weighted-Average Grant-Date Fair Value
Outstanding at December 30, 2023			847,929			$	70.93
Granted			234,755			$	79.21
Vested			(460,646	)		$	73.28
Forfeited			(37,150	)		$	70.36
Outstanding at December 28, 2024			584,888			$	72.44

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:

			2024					2023					2022
Current expected dividend yield				1.2	%				1.5	%				1.2	%
Expected volatility				32.4	%				34.8	%				34.8	%
Risk-free interest rate				4.3	%				4.2	%				2.3	%
Expected term			5.3 years					5.4 years					5.2 years

Stock Option Activity

A summary of stock option activity for the year ended December 28, 2024 was as follows:

		Options				Weighted- Average Exercise Price
Outstanding at December 30, 2023			2,204,029			$	58.68
Granted			242,443			$	79.83
Exercised			(304,121	)		$	50.67
Expired/forfeited			(30,095	)		$	68.71
Outstanding at December 28, 2024			2,112,256			$	62.11

Options Outstanding and Exercisable

Options outstanding and exercisable at December 28, 2024 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
$20.00 to $100.00			2,112,256				5.73			$	62.11				1,593,620			$	59.26

(a)At December 28, 2024, the aggregate intrinsic value of options outstanding was $21.0 million.

(b)At December 28, 2024, the weighted-average remaining contractual life of options exercisable was 4.8 years and the aggregate intrinsic value of options exercisable was $18.8 million.

Summarizes Information of Performance Share Awards

The following table summarizes information about PSAs as of December 28, 2024, as well as activity during the fiscal 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 30, 2023			210,804			$	62.89
Granted			171,477			$	80.31
Vested			—			$	—
Forfeited			(13,058	)		$	76.77
Non-vested at December 28, 2024			369,223			$	70.49

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