10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-17-153955 |
| Period End Date | 20170331 |
| Filing Date | 20170502 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | fbhs-20170331.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
|
177.70M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
178.70M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$210.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$238.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$251.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$253.60M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$564.90M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$550.70M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$558.80M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$531.10M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$121.60M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$111.90M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.46B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.45B | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$665.70M | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$662.50M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.83B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.83B | USD | Point-in-time |
| Other intangible assets, net of accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$1.11B | USD | Point-in-time |
| Other intangible assets, net of accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$1.10B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$82.20M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$80.00M | USD | Point-in-time |
| Total assets |
Assets
|
$5.13B | USD | Point-in-time |
| Total assets |
Assets
|
$5.13B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$378.90M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$393.80M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$449.00M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$328.90M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$842.80M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$707.80M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.43B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.49B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$170.40M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$163.50M | USD | Point-in-time |
| Accrued defined benefit plans |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$216.20M | USD | Point-in-time |
| Accrued defined benefit plans |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$214.50M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$111.90M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$119.20M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.77B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.70B | 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
|
$1.70M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.70M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.65B | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.67B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-71.90M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-64.70M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$892.00M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$814.60M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$1.04B | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$1.07B | USD | Point-in-time |
| Total Fortune Brands stockholders' equity |
StockholdersEquity
|
$2.36B | USD | Point-in-time |
| Total Fortune Brands stockholders' equity |
StockholdersEquity
|
$2.43B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.50M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.50M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.17B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.45B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.43B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.36B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$5.13B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$5.13B | USD | Point-in-time |
Income Statement
33 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$1.19B | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$1.11B | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsSold
|
$769.80M | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsSold
|
$728.70M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$270.20M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$288.60M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$8.10M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$6.50M | USD | 1 Quarter |
| Asset impairment charges |
AssetImpairmentCharges
|
$3.20M | USD | 1 Quarter |
| Restructuring charges |
RestructuringCharges
|
$2.20M | USD | 1 Quarter |
| Restructuring charges |
RestructuringCharges
|
$5.60M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$95.50M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$114.90M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$11.80M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$11.90M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$300.00K | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$800.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$84.00M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$103.80M | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
$23.00M | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
$26.40M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$61.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$77.40M | USD | 1 Quarter |
| Less: Noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Less: Noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net income attributable to Fortune Brands |
NetIncomeLoss
|
$61.00M | USD | 1 Quarter |
| Net income attributable to Fortune Brands |
NetIncomeLoss
|
$77.40M | USD | 1 Quarter |
| Basic earnings per common share |
EarningsPerShareBasic
|
$0.50 | USD | 1 Quarter |
| Basic earnings per common share |
EarningsPerShareBasic
|
$0.39 | USD | 1 Quarter |
| Diluted earnings per common share |
EarningsPerShareDiluted
|
$0.50 | USD | 1 Quarter |
| Diluted earnings per common share |
EarningsPerShareDiluted
|
$0.38 | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$84.60M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$74.60M | USD | 1 Quarter |
Cash Flow Statement
63 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Capital expenditures incurred but not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$8.70M | USD | 1 Quarter |
| Capital expenditures incurred but not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$7.90M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$61.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$77.40M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$24.30M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$23.70M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$8.10M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$6.50M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$7.40M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$9.50M | USD | 1 Quarter |
| Recognition of actuarial losses |
DefinedBenefitPlanActuarialGainLoss
|
$-900.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$7.60M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-25.10M | USD | 1 Quarter |
| Asset impairment charges |
AssetImpairmentCharges
|
$3.20M | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$400.00K | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$500.00K | USD | 1 Quarter |
| Increase in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$12.30M | USD | 1 Quarter |
| Increase in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$20.50M | USD | 1 Quarter |
| Increase in inventories |
IncreaseDecreaseInInventories
|
$26.20M | USD | 1 Quarter |
| Increase in inventories |
IncreaseDecreaseInInventories
|
$40.50M | USD | 1 Quarter |
| (Decrease) increase in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$31.90M | USD | 1 Quarter |
| (Decrease) increase in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-10.60M | USD | 1 Quarter |
| (Increase) decrease in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-16.80M | USD | 1 Quarter |
| (Increase) decrease in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$5.90M | USD | 1 Quarter |
| Decrease in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-83.70M | USD | 1 Quarter |
| Decrease in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-95.10M | USD | 1 Quarter |
| Increase in accrued taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$2.20M | USD | 1 Quarter |
| Increase in accrued taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$14.50M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-17.90M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-6.10M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$43.80M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$29.50M | USD | 1 Quarter |
| Cost of acquisition, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$100.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-43.80M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-29.60M | USD | 1 Quarter |
| Increase in short-term debt, net |
ProceedsFromRepaymentsOfShortTermDebt
|
$2.00M | USD | 1 Quarter |
| Issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$110.00M | USD | 1 Quarter |
| Issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$510.00M | USD | 1 Quarter |
| Repayment of long-term debt |
RepaymentsOfLongTermDebt
|
$60.90M | USD | 1 Quarter |
| Repayment of long-term debt |
RepaymentsOfLongTermDebt
|
$50.00M | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$8.70M | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$4.90M | USD | 1 Quarter |
| Treasury stock purchases |
PaymentsForRepurchaseOfCommonStock
|
$362.70M | USD | 1 Quarter |
| Treasury stock purchases |
PaymentsForRepurchaseOfCommonStock
|
$27.30M | USD | 1 Quarter |
| Employee withholding taxes related to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$8.50M | USD | 1 Quarter |
| Employee withholding taxes related to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$7.80M | USD | 1 Quarter |
| Dividends to stockholders |
PaymentsOfDividends
|
$24.40M | USD | 1 Quarter |
| Dividends to stockholders |
PaymentsOfDividends
|
$27.60M | USD | 1 Quarter |
| Other financing, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-1.20M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$59.20M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$6.00M | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$5.80M | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$800.00K | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-40.70M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$15.10M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$210.80M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$238.50M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$251.50M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$253.60M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$210.80M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$238.50M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$251.50M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$253.60M | USD | Point-in-time |
Stockholders Equity
20 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.17B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.45B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.43B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.36B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$61.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$77.40M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$7.20M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$13.60M | USD | 1 Quarter |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$8.70M | USD | 1 Quarter |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$4.90M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.70M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$-1.10M | USD | 1 Quarter |
| Treasury stock purchase |
TreasuryStockValueAcquiredCostMethod
|
$362.70M | USD | 1 Quarter |
| Treasury stock purchase |
TreasuryStockValueAcquiredCostMethod
|
$27.30M | USD | 1 Quarter |
| Other |
AdjustmentsToAdditionalPaidInCapitalOther
|
$1.50M | USD | 1 Quarter |
| Dividends paid to noncontrolling interests |
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
$1.20M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.17B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.45B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.43B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.36B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.