Fortune Brands Innovations Inc 2024年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 28,2024☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from______to_______Commission file number1-35166 Fortune Brands Innovations, Inc. (Exact name of registrant as specified in its charter) Delaware62-1411546(State or Other Jurisdiction ofIncorporation or Organization)(IRS EmployerIdentification No.) 520 Lake Cook Road,Deerfield,IL60015-5611(Address of Principal Executive Offices)(Zip Code)Registrant’s telephone number, including area code: (847)484-4400 Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbols(s)Name of each exchange on which registeredCommon Stock, par value $0.01 per shareFBINNew York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting companyEmerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued itsaudit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ The aggregate market value of the registrant’s voting common equity held by non-affiliates of the registrant at June 29, 2024 (the last day of the registrant’smost recent second quarter) was $8,071,063,938. The number of shares outstanding of the registrant’s common stock, par value $0.01 per share, at February7, 2025, was122,576,651. DOCUMENTS INCORPORATED BY REFERENCE Certain information contained in the registrant’s proxy statement for its Annual Meeting of Stockholders to be heldon May 14, 2025 (to be filed not later than120 days after the end of the registrant’s fiscal year) (the “2025 Proxy Statement”) is incorporated by reference into Part III hereof. Form 10-K Tableof Contents PART IItem 1. Business.1Item 1A.Risk Factors.7Item 1B.Unresolved Staff Comments.17Item 1C.Item 2.Cybersecurity.Properties.1718Item 3.Legal Proceedings.19Item 4.Mine Safety Disclosures.19Information about our Executive Officers.19 PART IIItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities.20Item 6.Reserved.21Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.22Results of Operations.24Liquidity and Capital Resources.30Critical Accounting Estimates.35Item 7A.Quantitative and Qualitative Disclosures about Market Risk.41Item 8.Financial Statements and Supplementary Data.42Notes to Consolidated Financial Statements.51Item 9.Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.88Item 9A.Controls and Procedures.88Item 9B.Other Information.88Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.88 PART IIIItem 10. Directors, Executive Officers and Corporate Governance.89Item 11.Executive C