10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-18-148656 |
| Period End Date | 20180331 |
| Filing Date | 20180502 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | fbhs-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
65 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
|
179.80M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
180.40M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$244.40M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$210.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$251.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$323.00M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$555.30M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$631.50M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$580.80M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$619.20M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$149.40M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$142.60M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.60B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.64B | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$740.00M | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$742.80M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.92B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.91B | USD | Point-in-time |
| Other intangible assets, net of accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$1.15B | USD | Point-in-time |
| Other intangible assets, net of accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$1.16B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$94.80M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$95.30M | USD | Point-in-time |
| Total assets |
Assets
|
$5.55B | USD | Point-in-time |
| Total assets |
Assets
|
$5.51B | USD | Point-in-time |
| Short-term debt |
ShortTermBorrowings
|
$350.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$417.10M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$428.80M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$478.00M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$373.70M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$906.80M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.14B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.54B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.51B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$158.20M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$166.80M | USD | Point-in-time |
| Accrued defined benefit plans |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$175.90M | USD | Point-in-time |
| Accrued defined benefit plans |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$173.40M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$183.30M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$153.20M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.91B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$3.19B | USD | Point-in-time |
| Commitments and contingencies (see Note 18) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (see Note 18) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.70M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$1.80M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.72B | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.74B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-36.00M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-39.20M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.25B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.17B | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$1.26B | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$1.60B | USD | Point-in-time |
| Total Fortune Brands stockholders' equity |
StockholdersEquity
|
$2.60B | USD | Point-in-time |
| Total Fortune Brands stockholders' equity |
StockholdersEquity
|
$2.36B | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.50M | USD | Point-in-time |
| Noncontrolling interests |
MinorityInterest
|
$1.60M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.60B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.36B | 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
|
$5.51B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$5.55B | USD | Point-in-time |
Income Statement
43 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$1.19B | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$1.25B | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsSold
|
$815.00M | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsSold
|
$772.70M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$311.20M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$289.60M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$8.20M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$8.10M | USD | 1 Quarter |
| Asset impairment charges |
AssetImpairmentCharges
|
$3.20M | USD | 1 Quarter |
| Restructuring charges |
RestructuringCharges
|
$2.20M | USD | 1 Quarter |
| Restructuring charges |
RestructuringCharges
|
$800.00K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$111.00M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$119.40M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$11.90M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$14.70M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$2.80M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$4.70M | USD | 1 Quarter |
| Income from continuing operations before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$107.50M | USD | 1 Quarter |
| Income from continuing operations before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$103.80M | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
$32.40M | USD | 1 Quarter |
| Income tax |
IncomeTaxExpenseBenefit
|
$26.40M | USD | 1 Quarter |
| Income from continuing operations, net of tax |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$77.40M | USD | 1 Quarter |
| Income from continuing operations, net of tax |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$75.10M | USD | 1 Quarter |
| Loss from discontinued operations, net of tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$-200.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$77.40M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$74.90M | USD | 1 Quarter |
| Less: Noncontrolling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-100.00K | USD | 1 Quarter |
| Net income attributable to Fortune Brands |
NetIncomeLoss
|
$75.00M | USD | 1 Quarter |
| Net income attributable to Fortune Brands |
NetIncomeLoss
|
$77.40M | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.50 | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.50 | USD | 1 Quarter |
| Discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
- | USD | 1 Quarter |
| Discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
- | USD | 1 Quarter |
| Net income attributable to Fortune Brands common shareholders |
EarningsPerShareBasic
|
$0.50 | USD | 1 Quarter |
| Net income attributable to Fortune Brands common shareholders |
EarningsPerShareBasic
|
$0.50 | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.49 | USD | 1 Quarter |
| Continuing operations |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.50 | USD | 1 Quarter |
| Discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
- | USD | 1 Quarter |
| Discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
- | USD | 1 Quarter |
| Net income attributable to Fortune Brands common shareholders |
EarningsPerShareDiluted
|
$0.49 | USD | 1 Quarter |
| Net income attributable to Fortune Brands common shareholders |
EarningsPerShareDiluted
|
$0.50 | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$84.60M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$78.20M | USD | 1 Quarter |
Cash Flow Statement
65 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Capital expenditures incurred but not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$7.60M | USD | 1 Quarter |
| Capital expenditures incurred but not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$7.90M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$77.40M | USD | 1 Quarter |
| Treasury stock purchased but not yet paid |
TreasuryRepurchasedButNotYetPaid
|
$24.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$74.90M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$25.30M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$23.70M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$8.20M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$8.10M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$9.50M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$12.60M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$7.60M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-9.20M | USD | 1 Quarter |
| Asset impairment charges |
AssetImpairmentCharges
|
$3.20M | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$500.00K | USD | 1 Quarter |
| Amortization of deferred financing fees |
AmortizationOfFinancingCosts
|
$500.00K | USD | 1 Quarter |
| Loss on sale of property, plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$-200.00K | USD | 1 Quarter |
| Increase in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$12.30M | USD | 1 Quarter |
| Increase in accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$63.00M | USD | 1 Quarter |
| Increase in inventories |
IncreaseDecreaseInInventories
|
$26.20M | USD | 1 Quarter |
| Increase in inventories |
IncreaseDecreaseInInventories
|
$36.90M | USD | 1 Quarter |
| Decrease in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-3.20M | USD | 1 Quarter |
| Decrease in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-10.60M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$5.90M | USD | 1 Quarter |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$4.80M | USD | 1 Quarter |
| Decrease in accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$-73.30M | 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
|
$16.80M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-51.90M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-17.90M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$37.60M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$29.50M | USD | 1 Quarter |
| Proceeds from disposition of assets |
ProceedsFromSaleOfProductiveAssets
|
$700.00K | USD | 1 Quarter |
| Cost of acquisition, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$100.00K | USD | 1 Quarter |
| Cost of acquisition, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$5.80M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-42.70M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-29.60M | USD | 1 Quarter |
| Increase in short-term debt |
ProceedsFromRepaymentsOfShortTermDebt
|
$350.00M | USD | 1 Quarter |
| Issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$110.00M | USD | 1 Quarter |
| Issuance of long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$545.00M | USD | 1 Quarter |
| Repayment of long-term debt |
RepaymentsOfLongTermDebt
|
$50.00M | USD | 1 Quarter |
| Repayment of long-term debt |
RepaymentsOfLongTermDebt
|
$515.00M | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$8.70M | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$3.20M | USD | 1 Quarter |
| Treasury stock purchases |
PaymentsForRepurchaseOfCommonStock
|
$27.30M | USD | 1 Quarter |
| Treasury stock purchases |
PaymentsForRepurchaseOfCommonStock
|
$325.20M | USD | 1 Quarter |
| Employee withholding taxes related to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$7.80M | USD | 1 Quarter |
| Employee withholding taxes related to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$12.20M | USD | 1 Quarter |
| Dividends to stockholders |
PaymentsOfDividends
|
$27.60M | USD | 1 Quarter |
| Dividends to stockholders |
PaymentsOfDividends
|
$29.60M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$6.00M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$16.20M | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$800.00K | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-200.00K | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-78.60M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-40.70M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$244.40M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$210.80M | 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
|
$323.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$244.40M | 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
|
$251.50M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$323.00M | USD | Point-in-time |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.60B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.36B | 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
|
$77.40M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$74.90M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$3.20M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$7.20M | USD | 1 Quarter |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$3.20M | USD | 1 Quarter |
| Stock options exercised |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$8.70M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.70M | USD | 1 Quarter |
| Stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$400.00K | USD | 1 Quarter |
| Treasury stock purchase |
TreasuryStockValueAcquiredCostMethod
|
$325.20M | USD | 1 Quarter |
| Treasury stock purchase |
TreasuryStockValueAcquiredCostMethod
|
$27.30M | USD | 1 Quarter |
| Dividends |
DividendsCommonStock
|
$700.00K | USD | 1 Quarter |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.60B | USD | Point-in-time |
| Ending Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.36B | 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.