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SHAREHOLDERS' EQUITY
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY
In May 2017, our Board of Directors authorized the repurchase, for retirement, of up to $1.5 billion of shares of our common stock in open-market transactions or otherwise, replacing the previous Board of Directors' authorization established in 2014. During 2017, we repurchased and retired 9.2 million shares of our common stock (including 0.9 million shares to offset the dilutive impact of long-term stock awards granted in 2017), for cash aggregating $331 million. At December 31, 2017, we had $1.3 billion remaining under the 2017 authorization. During 2016, we repurchased and retired 14.9 million shares of our common stock for cash aggregating $459 million (including 1.1 million shares to offset the dilutive impact of long-term stock awards granted in 2016). During 2015, we repurchased and retired 17.2 million shares of our common stock for cash aggregating $456 million (including 0.7 million shares to offset the dilutive impact of long-term stock awards granted in 2015).
On June 30, 2015, we completed the spin off of Top Build as an independent publicly traded company. As a result of the separation, our retained earnings decreased by $828 million in 2015.

M. SHAREHOLDERS' EQUITY (Concluded)
On the basis of amounts paid (declared), cash dividends per common share were $0.405 ($0.410) in 2017, $0.385 ($0.390) in 2016 and $0.365 ($0.370) in 2015
Accumulated Other Comprehensive Loss.    The components of accumulated other comprehensive loss attributable to Masco Corporation were as follows, in millions:
 
At December 31
 
2017
 
2016
Cumulative translation adjustments, net
$
282

 
$
177

Unrealized loss on interest rate swaps, net
(12
)
 
(15
)
Unrecognized net loss and prior service cost, net
(335
)
 
(397
)
Accumulated other comprehensive loss
$
(65
)
 
$
(235
)


The cumulative translation adjustment, net, is reported net of income tax benefit of $2 million at December 31, 2016. The unrealized loss on interest rate swaps, net, is reported net of income tax expense of $4 million and $2 million at December 31, 2017 and 2016, respectively. The unrecognized net loss and prior service cost, net, is reported net of income tax benefit of $154 million and $164 million at December 31, 2017 and 2016, respectively.