XML 22 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 7,967 $ 8,680 $ 8,375
Cost of sales 5,131 5,967 5,512
Gross profit 2,836 2,713 2,863
Selling, general and administrative expenses 1,473 1,390 1,413
Impairment charges for goodwill and other intangible assets 15 26 45
Operating profit 1,348 1,297 1,405
Other income (expense), net:      
Interest expense (106) (108) (278)
Other, net (4) 4 (439)
Other income (expense), net (110) (104) (717)
Income before income taxes 1,238 1,193 688
Income tax expense 278 288 210
Net income 960 905 478
Less: Net income attributable to noncontrolling interest 52 61 68
Net income attributable to Masco Corporation $ 908 $ 844 $ 410
Basic:      
Net income, basic (in dollars per share) $ 4.03 $ 3.65 $ 1.63
Diluted:      
Net income, diluted (in dollars per share) $ 4.02 $ 3.63 $ 1.62