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INTERIM FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2019
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
2019
 
 
 
 

 
 

 
 

 
 

Net sales
 
$
6,707

 
$
1,639

 
$
1,716

 
$
1,839

 
$
1,513

Gross profit
 
$
2,371

 
$
565

 
$
611

 
$
673

 
$
522

Income from continuing operations
 
$
639

 
$
158

 
$
163

 
$
211

 
$
107

Net income (1)
 
$
935

 
$
453

 
$
126

 
$
240

 
$
116

Income per common share:
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations          
 
$
2.21

 
$
0.56

 
$
0.57

 
$
0.73

 
$
0.36

Net income
 
$
3.24

 
$
1.60

 
$
0.44

 
$
0.82

 
$
0.39

Diluted:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations          
 
$
2.20

 
$
0.56

 
$
0.56

 
$
0.72

 
$
0.36

Net income
 
$
3.22

 
$
1.59

 
$
0.44

 
$
0.82

 
$
0.39

2018
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
6,654

 
$
1,635

 
$
1,665

 
$
1,838

 
$
1,516

Gross profit
 
$
2,327

 
$
568

 
$
570

 
$
648

 
$
541

Income from continuing operations
 
$
636

 
$
172

 
$
150

 
$
178

 
$
136

Net income
 
$
734

 
$
194

 
$
180

 
$
211

 
$
149

Income per common share:
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations          
 
$
2.06

 
$
0.57

 
$
0.49

 
$
0.58

 
$
0.43

Net income
 
$
2.38

 
$
0.65

 
$
0.59

 
$
0.69

 
$
0.48

Diluted:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations          
 
$
2.05

 
$
0.57

 
$
0.49

 
$
0.57

 
$
0.43

Net income
 
$
2.37

 
$
0.64

 
$
0.58

 
$
0.68

 
$
0.47


(1)
Net income includes $295 million and $(37) million of income (loss) from discontinued operations, net for the quarters ended December 31, 2019 and September 30, 2019, respectively, which includes the gain (loss) on the sale of the Milgard and UKWG divestitures, respectively.
Income per common share amounts for the four quarters of December 31, 2019 and 2018 may not total to the income per common share amounts for the years ended December 31, 2019 and 2018 due to the allocation of income to participating securities.