Fortune Brands Innovations Inc

For the period ended Dec 30, 2023. Filed Feb 27, 2024.

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FY2023 · Filed Feb 27, 2024

FBIN$49.83-3.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Income

Consolidated Statements of Comprehensive Income	Fortune Brands Innovations, Inc. and Subsidiaries

	For years ended
(In millions)	December 30, 2023	December 31, 2022	December 31, 2021
NET INCOME	$404.5	$686.7	$772.4
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments	17.4	(23.4)	(3.9)
Unrealized (losses) gains on derivatives:
Unrealized holding gains (losses) arising during period	4.1	126.2	1.5
Less: reclassification adjustment for (gains) losses included in net income	(14.0)	(5.5)	(2.2)
Unrealized (losses) gains on derivatives	(9.9)	120.7	(0.7)
Defined benefit plans:
Net actuarial gains (loss) arising during period	13.4	(21.7)	47.5
Other	6.2	—	—
Defined benefit plans	19.6	(21.7)	47.5
Other comprehensive income, before tax	27.1	75.6	42.9
Income tax (expense) related to items of other comprehensive income (a)	(1.2)	(21.9)	(12.4)
Other comprehensive income, net of tax	25.9	53.7	30.5
COMPREHENSIVE INCOME	$430.4	$740.4	$802.9

(a)

Income tax (expense) benefit on unrealized (losses) gains on derivatives of $2.4 million, $(27.3) million and $(0.5) million and on defined benefit plans of $(3.6) million, $5.4 million and $(11.9) million in 2023, 2022 and 2021, respectively.

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