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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 2,204 $ 1,983 $ 6,353 $ 5,328
Cost of sales 1,451 1,231 4,109 3,401
Gross profit 753 752 2,244 1,927
Selling, general and administrative expenses 368 328 1,057 939
Operating profit 385 424 1,187 988
Other income (expense), net:        
Interest expense (26) (40) (253) (110)
Other, net (17) (4) (438) (22)
Total other income (expense), net (43) (44) (691) (132)
Income from continuing operations before income taxes 342 380 496 856
Income tax expense 103 87 158 202
Income from continuing operations 239 293 338 654
Income from discontinued operations, net 0 0 0 411
Net income 239 293 338 1,065
Less: Net income attributable to noncontrolling interest 19 18 60 36
Net income attributable to Masco Corporation $ 220 $ 275 $ 278 $ 1,029
Basic:        
Income from continuing operations (in dollars per share) $ 0.89 $ 1.05 $ 1.08 $ 2.31
(Loss) income from discontinued operations, net (in dollars per share) 0 0 0 1.54
Net income (in dollars per share) 0.89 1.05 1.08 3.85
Diluted:        
Income from continuing operations (in dollars per share) 0.89 1.05 1.07 2.31
(Loss) income from discontinued operations, net (in dollars per share) 0 0 0 1.54
Net income (in dollars per share) $ 0.89 $ 1.05 $ 1.07 $ 3.85
Amounts attributable to Masco Corporation:        
Income from continuing operations $ 220 $ 275 $ 278 $ 618
Income from discontinued operations, net $ 0 $ 0 $ 0 $ 411