10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950170-22-007055 |
| Period End Date | 20220331 |
| Filing Date | 20220503 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | fbhs-20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
185.30M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
186.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$378.20M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$471.50M | USD | Point-in-time |
| Accounts receivable less allowances for discounts and credit losses |
AccountsReceivableNetCurrent
|
$885.70M | USD | Point-in-time |
| Accounts receivable less allowances for discounts and credit losses |
AccountsReceivableNetCurrent
|
$1.01B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.33B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.19B | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$193.50M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$232.20M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.74B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.96B | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$1.06B | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$1.01B | USD | Point-in-time |
| Operating lease assets |
OperatingLeaseRightOfUseAsset
|
$184.00M | USD | Point-in-time |
| Operating lease assets |
OperatingLeaseRightOfUseAsset
|
$191.70M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.47B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.49B | USD | Point-in-time |
| Other intangible assets, net of accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$1.38B | USD | Point-in-time |
| Other intangible assets, net of accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$1.38B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$141.60M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$168.00M | USD | Point-in-time |
| Total assets |
Assets
|
$7.94B | USD | Point-in-time |
| Total assets |
Assets
|
$8.24B | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
- | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$400.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$728.10M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$764.90M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$806.20M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$626.70M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.97B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.35B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$2.31B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$3.37B | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$196.40M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$176.00M | USD | Point-in-time |
| Accrued defined benefit plans |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$77.20M | USD | Point-in-time |
| Accrued defined benefit plans |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$79.70M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiabilityNoncurrent
|
$158.80M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiabilityNoncurrent
|
$151.10M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$176.00M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$180.80M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.87B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.33B | USD | Point-in-time |
| Commitments and contingencies (see Note 17) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (see Note 17) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.90M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.90M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$3.02B | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$3.03B | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-24.60M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$35.30M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.81B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.99B | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$2.74B | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$3.14B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.91B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.06B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.78B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.92B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$8.24B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$7.94B | USD | Point-in-time |
Income Statement
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
Revenues
|
$1.77B | USD | 1 Quarter |
| Net sales |
Revenues
|
$1.92B | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsAndServicesSold
|
$1.13B | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsAndServicesSold
|
$1.24B | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$371.50M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$409.50M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$16.00M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$16.60M | USD | 1 Quarter |
| Restructuring charges |
RestructuringCharges
|
$600.00K | USD | 1 Quarter |
| Restructuring charges |
RestructuringCharges
|
$7.60M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$248.40M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$253.40M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$21.80M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$21.40M | USD | 1 Quarter |
| Other expense (income), net |
OtherNonoperatingIncomeExpense
|
$1.30M | USD | 1 Quarter |
| Other expense (income), net |
OtherNonoperatingIncomeExpense
|
$-3.30M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$232.90M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$223.70M | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
$45.90M | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
$52.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$177.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$180.90M | USD | 1 Quarter |
| Basic earnings per common share |
IncomeLossFromContinuingOperationsPerBasicShare
|
$1.36 | USD | 1 Quarter |
| Basic earnings per common share |
IncomeLossFromContinuingOperationsPerBasicShare
|
$1.28 | USD | 1 Quarter |
| Diluted earnings per common share |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$1.26 | USD | 1 Quarter |
| Diluted earnings per common share |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$1.34 | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$181.90M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$240.80M | USD | 1 Quarter |
Cash Flow Statement
75 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$177.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$180.90M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$30.90M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$31.10M | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$16.00M | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$16.60M | USD | 1 Quarter |
| Non-cash lease expense |
NonCashLeaseExpense
|
$10.70M | USD | 1 Quarter |
| Non-cash lease expense |
NonCashLeaseExpense
|
$10.90M | USD | 1 Quarter |
| Capital expenditures incurred but not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$14.80M | USD | 1 Quarter |
| Capital expenditures incurred but not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$7.40M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$11.60M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$12.30M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxesAndTaxCredits
|
$5.70M | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-100.00K | USD | 1 Quarter |
| Treasury Repurchased But Not Yet Paid |
TreasuryRepurchasedButNotYetPaid
|
$2.50M | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$800.00K | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$1.20M | USD | 1 Quarter |
| Loss on equity investments |
EquityMethodInvestmentRealizedGainLossOnDisposal
|
- | USD | 1 Quarter |
| Loss on equity investments |
EquityMethodInvestmentRealizedGainLossOnDisposal
|
$-2.90M | USD | 1 Quarter |
| (Gain) loss on sale of property, plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$6.10M | USD | 1 Quarter |
| (Gain) loss on sale of property, plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$-200.00K | USD | 1 Quarter |
| Increase in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$91.60M | USD | 1 Quarter |
| Increase in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$118.10M | USD | 1 Quarter |
| Increase in inventories |
IncreaseDecreaseInInventories
|
$128.20M | USD | 1 Quarter |
| Increase in inventories |
IncreaseDecreaseInInventories
|
$86.40M | USD | 1 Quarter |
| Decrease in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-37.20M | USD | 1 Quarter |
| Decrease in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-15.90M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$10.90M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$27.10M | USD | 1 Quarter |
| Decrease in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-151.80M | USD | 1 Quarter |
| Decrease in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-150.70M | USD | 1 Quarter |
| Increase in accrued taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$27.90M | USD | 1 Quarter |
| Increase in accrued taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$34.30M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-183.10M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-69.20M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$25.40M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$60.80M | USD | 1 Quarter |
| Proceeds from the disposition of assets |
ProceedsFromSaleOfProductiveAssets
|
$8.00M | USD | 1 Quarter |
| Proceeds from the disposition of assets |
ProceedsFromSaleOfProductiveAssets
|
$1.70M | USD | 1 Quarter |
| Cost of acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$61.60M | USD | 1 Quarter |
| Cost of acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$-5.20M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-114.40M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-18.50M | USD | 1 Quarter |
| Issuance of short-term debt |
ProceedsFromShortTermDebt
|
$700.00M | USD | 1 Quarter |
| Issuance of short-term debt |
ProceedsFromShortTermDebt
|
- | USD | 1 Quarter |
| Repayment of short-term debt |
RepaymentsOfShortTermDebt
|
- | USD | 1 Quarter |
| Repayment of short-term debt |
RepaymentsOfShortTermDebt
|
$1.10B | USD | 1 Quarter |
| Issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$2.87B | USD | 1 Quarter |
| Issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$370.00M | USD | 1 Quarter |
| Repayment of long-term debt |
RepaymentsOfLongTermDebt
|
$260.00M | USD | 1 Quarter |
| Repayment of long-term debt |
RepaymentsOfLongTermDebt
|
$1.81B | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$200.00K | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$10.60M | USD | 1 Quarter |
| Treasury stock purchases |
PaymentsForRepurchaseOfCommonStock
|
$377.10M | USD | 1 Quarter |
| Treasury stock purchases |
PaymentsForRepurchaseOfCommonStock
|
$54.10M | USD | 1 Quarter |
| Employee withholding taxes related to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$24.30M | USD | 1 Quarter |
| Employee withholding taxes related to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$7.80M | USD | 1 Quarter |
| Dividends to stockholders |
PaymentsOfDividends
|
$37.20M | USD | 1 Quarter |
| Dividends to stockholders |
PaymentsOfDividends
|
$36.00M | USD | 1 Quarter |
| Other financing, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-18.90M | USD | 1 Quarter |
| Other financing, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$100.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$22.80M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$203.20M | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.70M | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$700.00K | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-93.60M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-63.20M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$425.00M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$382.50M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$361.80M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$476.10M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$425.00M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$382.50M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$361.80M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$476.10M | USD | Point-in-time |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.91B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.06B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.78B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.92B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$177.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$180.90M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$4.10M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$59.90M | USD | 1 Quarter |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$17.30M | USD | 1 Quarter |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$200.00K | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$-12.00M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$3.80M | USD | 1 Quarter |
| Treasury stock purchases |
TreasuryStockValueAcquiredCostMethod
|
$54.10M | USD | 1 Quarter |
| Treasury stock purchases |
TreasuryStockValueAcquiredCostMethod
|
$379.60M | USD | 1 Quarter |
| Dividends |
DividendsCommonStock
|
$600.00K | USD | 1 Quarter |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.91B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.06B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.78B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.92B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.