XML 25 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net sales $ 7,357 $ 7,142 $ 7,006
Cost of sales 4,901 4,889 4,946
Gross profit 2,456 2,253 2,060
Selling, general and administrative expenses 1,403 1,339 1,347
Income from litigation settlements 0 0 (9)
Impairment charge for other intangible assets 0 0 1
Operating profit 1,053 914 721
Other income (expense), net:      
Interest expense (229) (225) (225)
Other, net 6 0 11
Total other income (expense), net (223) (225) (214)
Income from continuing operations before income taxes 830 689 507
Income tax expense (benefit) 296 293 (361)
Income from continuing operations 534 396 868
(Loss) income from discontinued operations, net 0 (2) 35
Net income 534 394 903
Less: Net income attributable to noncontrolling interest 43 39 47
Net income attributable to Masco Corporation $ 491 $ 355 $ 856
Basic:      
Income from continuing operations (in dollars per share) $ 1.49 $ 1.04 $ 2.31
(Loss) income from discontinued operations, net (in dollars per share) 0.00 (0.01) 0.10
Net income (in dollars per share) 1.49 1.03 2.40
Diluted:      
Income from continuing operations (in dollars per share) 1.47 1.03 2.28
(Loss) income from discontinued operations, net (in dollars per share) 0.00 (0.01) 0.10
Net income (in dollars per share) $ 1.47 $ 1.02 $ 2.38
Amounts attributable to Masco Corporation:      
Income from continuing operations $ 491 $ 357 $ 821
(Loss) income from discontinued operations, net 0 (2) 35
Net income attributable to Masco Corporation $ 491 $ 355 $ 856