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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 2,179 $ 1,764 $ 4,149 $ 3,345
Cost of sales 1,388 1,136 2,658 2,170
Gross profit 791 628 1,491 1,175
Selling, general and administrative expenses 354 289 689 611
Operating profit 437 339 802 564
Other income (expense), net:        
Interest expense (25) (35) (227) (70)
Other, net (415) (2) (421) (18)
Total other income (expense), net (440) (37) (648) (88)
(Loss) income from continuing operations before income taxes (3) 302 154 476
Income tax expense 12 82 55 115
(Loss) income from continuing operations (15) 220 99 361
Income from discontinued operations, net 0 14 0 411
Net (loss) income (15) 234 99 772
Less: Net income attributable to noncontrolling interest 21 10 41 18
Net (loss) income attributable to Masco Corporation $ (36) $ 224 $ 58 $ 754
Basic:        
Income from continuing operations (in dollars per share) $ (0.14) $ 0.80 $ 0.21 $ 1.27
(Loss) income from discontinued operations, net (in dollars per share) 0 0.05 0 1.53
Net income (in dollars per share) (0.14) 0.85 0.21 2.80
Diluted:        
Income from continuing operations (in dollars per share) (0.14) 0.80 0.20 1.27
(Loss) income from discontinued operations, net (in dollars per share) 0 0.05 0 1.53
Net income (in dollars per share) $ (0.14) $ 0.85 $ 0.20 $ 2.80
Amounts attributable to Masco Corporation:        
(Loss) income from continuing operations $ (36) $ 210 $ 58 $ 343
Income from discontinued operations, net $ 0 $ 14 $ 0 $ 411