INTERIM FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

INTERIM FINANCIAL INFORMATION (UNAUDITED)

INTERIM FINANCIAL INFORMATION (UNAUDITED)

Our quarterly results attributable to Masco Corporation were as follows:

			Quarters Ended
			(In Millions, Except Per Common Share Data)
	Total Year		December 31		September 30		June 30		March 31
2016
Net sales	$	7,357	$	1,759	$	1,877	$	2,001	$	1,720
Gross profit	$	2,456	$	573	$	614	$	700	$	569
Income from continuing operations	$	491	$	98	$	134	$	150	$	109
Net income	$	491	$	98	$	134	$	150	$	109
Earnings per common share:
Basic:
Income from continuing operations	$	1.49	$	0.30	$	0.41	$	0.45	$	0.33
Net income	$	1.49	$	0.30	$	0.41	$	0.45	$	0.33
Diluted:
Income from continuing operations	$	1.47	$	0.30	$	0.40	$	0.45	$	0.32
Net income	$	1.47	$	0.30	$	0.40	$	0.45	$	0.32
2015
Net sales	$	7,142	$	1,715	$	1,839	$	1,929	$	1,659
Gross profit	$	2,253	$	532	$	589	$	637	$	495
Income from continuing operations	$	357	$	76	$	111	$	109	$	61
Net income	$	355	$	75	$	111	$	105	$	64
Earnings per common share:
Basic:
Income from continuing operations	$	1.04	$	0.23	$	0.33	$	0.32	$	0.17
Net income	$	1.03	$	0.22	$	0.33	$	0.30	$	0.18
Diluted:
Income from continuing operations	$	1.03	$	0.22	$	0.32	$	0.31	$	0.17
Net income	$	1.02	$	0.22	$	0.32	$	0.30	$	0.18

Earnings per common share amounts for the four quarters of December 31, 2016 and 2015 may not total to the earnings per common share amounts for the years ended December 31, 2016 and 2015 due to the allocation of income to participating securities.