A vacuum breaker having a floating piston that is movable in response to the communication of negative pressure to an inlet port of the vacuum breaker for permitting venting of fluid to the outside atmosphere through a vent opening. The vacuum breaker includes a liquid capture and containment device, which in conjunction with an outer hood, is effective for capturing and containing liquid in a fluid flow stream discharging from the vent opening and redirecting the captured liquid back into the vacuum breaker in order to prevent water leakage.