Fortune Brands Innovations Inc
For the period ended Dec 28, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
FBIN$49.83-3.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
| Consolidated Statements of Comprehensive Income | Fortune Brands Innovations, Inc. and Subsidiaries |
|---|
| For years ended | |||
|---|---|---|---|
| (In millions) | December 28, 2024 | December 30, 2023 | December 31, 2022 |
| NET INCOME | $471.9 | $404.5 | $686.7 |
| Other comprehensive income (loss), before tax: | |||
| Foreign currency translation adjustments | (30.9) | 17.4 | (23.4) |
| Unrealized (losses) gains on derivatives: | |||
| Unrealized holding gains (losses) arising during period | 2.1 | 4.1 | 126.2 |
| Less: reclassification adjustment for (gains) losses included in net income | (12.2) | (14.0) | (5.5) |
| Unrealized (losses) gains on derivatives | (10.1) | (9.9) | 120.7 |
| Defined benefit plans: | |||
| Net actuarial gains (losses) arising during period | 23.5 | 13.4 | (21.7) |
| Other | — | 6.2 | — |
| Defined benefit plans | 23.5 | 19.6 | (21.7) |
| Other comprehensive (loss) income, before tax | (17.5) | 27.1 | 75.6 |
| Income tax (expense) related to items of other comprehensive income (a) | (3.4) | (1.2) | (21.9) |
| Other comprehensive (loss) income, net of tax | (20.9) | 25.9 | 53.7 |
| COMPREHENSIVE INCOME | $451.0 | $430.4 | $740.4 |
(a)
Income tax (expense) benefit on unrealized (losses) gains on derivatives of $2.2 million, $2.4 million and $(27.3) million and on defined benefit plans of $(5.6) million, $(3.6) million and $5.4 million in 2024, 2023 and 2022, respectively.
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