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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales [1] $ 4,579.4 $ 4,013.6 $ 3,703.6
Cost of products sold 2,997.5 2,646.7 2,408.5
Selling, general and administrative expenses 1,047.6 943.3 938.7
Amortization of intangible assets 21.6 13.1 9.4
Restructuring charges 16.6 7.0 2.8
Asset impairment charges 0.0 0.0 21.2
OPERATING INCOME 496.1 403.5 323.0
Interest expense 31.9 10.4 7.2
Other expense, net 4.3 1.2 5.3
Income from continuing operations before income taxes 459.9 391.9 310.5
Income taxes 153.4 118.3 101.5
Income from continuing operations, net of tax 306.5 273.6 209.0
Income (loss) from discontinued operations, net of tax 9.0 (114.3) 21.9
NET INCOME 315.5 159.3 230.9
Less: Noncontrolling interests 0.5 1.2 1.2
NET INCOME ATTRIBUTABLE TO FORTUNE BRANDS $ 315.0 $ 158.1 $ 229.7
Basic earnings (loss) per common share      
Continuing operations $ 1.92 $ 1.68 $ 1.26
Discontinuing operations 0.05 (0.70) 0.13
Net income attributable to Fortune Brands common shareholders 1.97 0.98 1.39
Diluted earnings (loss) per common share      
Continuing operations 1.88 1.64 1.21
Discontinuing operations 0.05 (0.69) 0.13
Net income attributable to Fortune Brands common shareholders $ 1.93 $ 0.95 $ 1.34
Basic average number of shares outstanding 159.5 161.8 165.5
Diluted average number of shares outstanding 163.0 166.3 171.3
Dividends declared per common share $ 0.58 $ 0.50 $ 0.42
[1] Based on country of destination