Fortune Brands Innovations Inc
For the period ended Dec 30, 2023. Filed Feb 27, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 27, 2024
FBIN$51.64+7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| Consolidated Balance Sheets | Fortune Brands Innovations, Inc. and Subsidiaries |
|---|
| (In millions) · December 30, 2023 · December 31, 2022 | |||
|---|---|---|---|
| ASSETS | |||
| Current assets | |||
| Cash and cash equivalents | $366.4 | $642.5 | |
| Accounts receivable less allowances for discounts and credit losses | 534.2 | 521.8 | |
| Inventories | 982.3 | 1,021.3 | |
| Other current assets | 162.8 | 274.8 | |
| TOTAL CURRENT ASSETS | 2,045.7 | 2,460.4 | |
| Property, plant and equipment, net of accumulated depreciation | 975.0 | 783.7 | |
| Operating lease assets | 173.8 | 118.9 | |
| Goodwill | 1,906.8 | 1,640.7 | |
| Other intangible assets, net of accumulated amortization | 1,354.7 | 1,000.8 | |
| Other assets | 109.0 | 116.4 | |
| TOTAL ASSETS | $6,565.0 | $6,120.9 | |
| LIABILITIES AND EQUITY | |||
| Current liabilities | |||
| Short-term debt | $ | - | $599.2 |
| Accounts payable | 568.1 | 421.6 | |
| Other current liabilities | 632.3 | 523.9 | |
| TOTAL CURRENT LIABILITIES | 1,200.4 | 1,544.7 | |
| Long-term debt | 2,670.1 | 2,074.3 | |
| Deferred income taxes | 111.3 | 136.9 | |
| Accrued defined benefit plans | 47.3 | 79.9 | |
| Operating lease liabilities | 143.3 | 95.4 | |
| Other non-current liabilities | 99.2 | 102.8 | |
| TOTAL LIABILITIES | 4,271.6 | 4,034.0 | |
| Commitments (Note 18) and Contingencies (Note 22) | |||
| Equity | |||
| Common stock (a) | 1.9 | 1.9 | |
| Paid-in capital | 3,134.5 | 3,069.6 | |
| Accumulated other comprehensive income | 63.3 | 37.4 | |
| Retained earnings | 2,605.3 | 2,323.8 | |
| Treasury stock | (3,511.6) | (3,345.8) | |
| TOTAL EQUITY | 2,293.4 | 2,086.9 | |
| TOTAL LIABILITIES AND EQUITY | $6,565.0 | $6,120.9 | |
(a)
Common stock, par value $0.01 per share,187.1 million shares and 186.2 million shares issued at December 30, 2023 and December 31, 2022, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.