XML 42 R29.htm IDEA: XBRL DOCUMENT v3.22.0.1
Earnings Per Share
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

19. Earnings Per Share

The computations of earnings per common share were as follows:

 

(In millions, except per share data)

 

2021

 

 

 

2020

 

 

2019

 

Net income

 

$

772.4

 

 

 

$

554.4

 

 

$

431.3

 

Less: Noncontrolling interests

 

 

—

 

 

 

 

1.3

 

 

 

(0.6

)

Net income attributable to Fortune Brands

 

$

772.4

 

 

 

$

553.1

 

 

$

431.9

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

5.62

 

 

 

$

3.99

 

 

$

3.09

 

Diluted earnings per common share

 

$

5.54

 

 

 

$

3.94

 

 

$

3.06

 

 

 

 

 

 

 

 

 

 

 

 

Basic average shares outstanding(a)

 

 

137.5

 

 

 

 

138.7

 

 

 

139.9

 

Stock-based awards

 

 

2.0

 

 

 

 

1.5

 

 

 

1.4

 

Diluted average shares outstanding(a)

 

 

139.5

 

 

 

 

140.2

 

 

 

141.3

 

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

 

 

0.3

 

 

 

 

0.8

 

 

 

1.8

 
(a)
Reflects the impact of share repurchases during the years ended December 31, 2021, 2020 and 2019, respectively.