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INTERIM FINANCIAL INFORMATION (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of interim financial information
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