XML 144 R51.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
INTERIM FINANCIAL INFORMATION (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2019
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
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