Fortune Brands Innovations (Fortune Brands Innovations) Intangible Assets

: $3,262 Mil (As of Dec. 2023)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Fortune Brands Innovations's intangible assets for the quarter that ended in Dec. 2023 was $3,262 Mil.

Fortune Brands Innovations Intangible Assets Historical Data

The historical data trend for Fortune Brands Innovations's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortune Brands Innovations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

3,259.10

3,815.10

2,507.00

2,641.50

3,261.50

Fortune Brands Innovations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intangible Assets																2,641.50	2,634.30	3,332.20	3,304.20	3,261.50

Fortune Brands Innovations Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Fortune Brands Innovations (NYSE:FBIN) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Fortune Brands Innovations Intangible Assets Related Terms

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Fortune Brands Innovations (Fortune Brands Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fortune Brands Innovations Inc (NYSE:FBIN) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

2FB:Germany 2FB:Germany

Address

520 Lake Cook Road, Suite 300, Deerfield, IL, USA, 60015-5611

Website

https://www.fbin.com

Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.

Executives

Ann F Hackett	director
Amee Chande	director	520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Stephanie L. Pugliese	director	170 COUNTRYSIDE DRIVE, BELLEVILLE WI 53508
David V. Barry	officer: EVP & CFO	FORTUNE BRANDS INNOVATIONS, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Lee John Dong Gu	officer: EVP Chief Strategy & Growth	520 LAKE COOK ROAD, DEERFIELD IL 60015
Ron Wilson	officer: EVP, Chief Supply Chain	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Hiranda S Donoghue	officer: EVP Chief Legal & Secretary	520 LAKE COOK ROAD, DEERFIELD IL 60015
Cheri M Phyfer	officer: EVP, Group President	520 LAKE COOK ROAD, DEERFIELD IL 60015
Sheri Grissom	officer: EVP, CHRO & Transformation	13000 WEST SILVER SPRING DRIVE, BUTLER WI 53007
Nicholas I. Fink	director, officer: Chief Executive Officer	510 LAKE COOK ROAD, DEERFIELD IL 60015
Patrick D Hallinan	officer: EVP & CFO	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015
Mackay A D David	director
Martin Thomas	officer: SVP Ops &Supply Chain Strategy	FORTUNE BRANDS HOME & SECURITY, INC., SUITE 300, DEERFIELD IL 60015
May Russell	officer: SVP & CDO	520 LAKE COOK ROAD, DEERFIELD IL 60015
Danny Luburic	officer: Vice President & Controller	FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015