SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY

During 2022, we repurchased and retired 16.6 million shares of our common stock (including 0.6 million shares to offset the dilutive impact of restricted stock units granted in 2022), for cash aggregating $914 million. Effective October 20, 2022, our Board of Directors authorized the repurchase, for retirement, of up to $2.0 billion of shares of our common stock in open-market transactions or otherwise, replacing the previous Board of Directors authorization established in 2021. At December 31, 2022, we had $2.0 billion remaining under the 2022 authorization.

During 2021, we repurchased and retired 17.6 million shares of our common stock (including 0.7 million shares to offset the dilutive impact of restricted stock units granted in 2021), for cash aggregating $1,026 million.

During 2020, we repurchased and retired 18.8 million shares of our common stock (including 0.4 million shares to offset the dilutive impact of restricted stock units granted in 2020) for cash aggregating $727 million.

On the basis of amounts paid (declared), cash dividends per common share were $1.120 ($1.120) in 2022, $0.845 ($0.705) in 2021 and $0.545 ($0.550) in 2020.

O. SHAREHOLDERS' EQUITY (Concluded)

Accumulated Other Comprehensive Income.    The components of accumulated other comprehensive income attributable to Masco Corporation were as follows, in millions:

	At December 31,
	2022		2021
Cumulative translation adjustments, net	$	261	$	312
Unrecognized net loss and prior service cost, net	(35)		(80)
Accumulated other comprehensive income	$	226	$	232

The cumulative translation adjustment, net, is reported net of income tax benefit of $2 million and $1 million at December 31, 2022 and 2021, respectively. The unrecognized net loss and prior service cost, net, is reported net of income tax benefit of $4 million and $20 million at December 31, 2022 and 2021, respectively.