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Exhibit 99


		FOR IMMEDIATE RELEASE

Investor / Media Contact
Maria Duey
Vice President — Investor Relations
313.792.5500
maria_duey@mascohq.com

MASCO CORPORATION REPORTS 2009 RESULTS

2009 Fourth Quarter Trends

	•		Markets for most of our products are showing modest improvement.

	•		Comparing the fourth quarter of 2009 to the fourth quarter of 2008:

	•		Sales to key retailers increased eight percent.

	•		Three of our five business segments had sales increases.

	•		Our International operations had another strong quarter.

	•		Operating profit (excluding impairment charges for goodwill and other intangible assets) improved.

2009 Full-Year Highlights

	•		Over $1.4 billion of cash at December 31, 2009.

	•		Free cash flow (cash from operations, less capital expenditures, before dividends) approximated $550 million.

	•		Net sales from continuing operations declined 18 percent to $7.8 billion.

	•		Income from continuing operations was $.11 per common share excluding non-cash impairment charges for goodwill.

	•		(Loss) from continuing operations, as reported, was ($.41) per common share.

Taylor, Mich., (February 10, 2010) — Masco Corporation (NYSE: MAS) today reported that net sales from continuing operations for the year ended December 31, 2009 declined 18 percent to $7.8 billion from $9.5 billion for 2008. North American sales declined 18 percent and International sales declined 17 percent. In local currencies, International sales declined ten percent compared with 2008.

Income from continuing operations was $.11 per common share and $.20 per common share for 2009 and 2008, respectively, excluding non-cash impairment charges for goodwill and other intangible assets. Including these charges, the loss from continuing operations, as reported, was ($140) million or ($.41) per common share and ($366) million or ($1.06) per common share for the years ended December 31, 2009 and 2008, respectively.

“We are very encouraged by our 2009 financial and operating performance in one of the more difficult economic environments Masco has ever experienced. Although our sales were down 18 percent, compared to 2008, we were able to offset a significant portion of our volume declines, primarily as a result of innovative new product introductions and market share gains,” said Masco’s CEO Tim Wadhams. “Obviously, forecasting business conditions and Company performance was extremely challenging in 2009, but having said that, we continued to exceed our expectations for sales, operating profit and cash flow as the year progressed. Ending the year with over $1.4 billion of cash is a testament to the world-wide Masco Team’s dedication and commitment to our emphasis on cash generation. We are very proud of their accomplishments,” added Wadhams.

Results for 2009 were adversely affected by lower sales volume of new home construction products and services, as well as a decline in consumer spending for home improvement products in both North American and International markets. The negative market conditions were partially offset by increased sales volume of paints and stains, market share gains, the improved relationship between selling prices and commodity costs and benefits associated with business rationalizations and other cost savings initiatives.

We continue to focus on the rationalization of our businesses, including business consolidations, plant closures, headcount reductions, system implementations and other initiatives. During 2009 and 2008, we incurred costs and charges of $94 million pre-tax ($.17 per common share, after tax) and $78 million pre-tax ($.14 per common share, after tax), respectively, related to these initiatives.

During 2009, we recognized non-cash, pre-tax impairment charges for goodwill (in the fourth quarter) aggregating $262 million ($.51 per common share, after tax), non-cash, pre-tax impairment charges for financial investments aggregating $10 million ($.02 per common share, after tax) and pre-tax currency transaction gains of $17 million ($.03 per common share, after tax). During 2008, we recognized non-cash, pre-tax impairment charges for goodwill and other intangible assets (in the fourth quarter) aggregating $467 million ($1.26 per common share, after tax), non-cash, pre-tax impairment charges for financial investments aggregating $58 million ($.10 per common share, after tax) and pre-tax currency transaction losses of $29 million ($.05 per common share, after tax).

Fourth Quarter 2009

Fourth quarter 2009 net sales from continuing operations declined three percent to $1.9 billion compared with $2.0 billion for the fourth quarter 2008. North American sales declined seven percent and International sales increased 12 percent. In local currencies, International sales increased one percent compared with the fourth quarter of 2008.

Income (loss) from continuing operations was $.02 per common share and ($.17) per common share for the fourth quarters of 2009 and 2008, respectively, excluding non-cash impairment charges for goodwill and other intangible assets. Including these charges, loss from continuing operations, as reported, was ($173) million or ($.49) per common share and ($504) million or ($1.44) per common share for the fourth quarters of 2009 and 2008, respectively.

During the fourth quarters of 2009 and 2008, we incurred costs and charges of $27 million pre-tax ($.05 per common share, after tax) and $39 million pre-tax ($.07 per common share, after tax), respectively, related to the rationalization of our businesses. In addition, in the fourth quarter of 2008, we recognized non-cash, pre-tax impairment charges for financial investments of $28 million ($.05 per common share, after tax).

“Although new home construction and big-ticket remodeling activity continues to be depressed, our other product groups experienced relatively solid top-line repair and remodel sales growth in the fourth quarter of 2009. The fourth quarter of 2009 is the first quarter in a long time where sales to key retailers and operating profit, adjusted for impairment charges, exceeded the prior year quarter. We are encouraged by these positive trends, and we continue to increase market share in key segments as we move into 2010,” said Tim Wadhams.

2010 Outlook

We expect that business conditions in 2010 will improve compared to 2009. While we are concerned about the impact of current unemployment levels, foreclosure activity and access to financing, we believe that housing starts will improve in 2010 and will increase to a range of 600,000 to 700,000 units.

While we anticipate that expenditures on repair and remodel activity will improve modestly in 2010 from 2009 levels, we believe that big-ticket items will continue to be deferred, in the short-term, until general economic conditions, credit availability and home prices improve.

We are confident that the long-term fundamentals for the new home construction and home improvement markets are positive. We believe that our strong financial position, together with our current strategy of investing in leadership brands (including: KraftMaid and Merillat cabinets, Delta and Hansgrohe faucets, Behr paint and Milgard windows), our continued focus on innovation and our commitment to lean principles will allow us to drive long-term growth and create value for our shareholders.

Beginning with 2010, Masco will no longer provide definitive earnings per common share and cash flow guidance. Instead, we will provide additional segment detail, along with estimates of key financial data.

Headquartered in Taylor, Michigan, Masco Corporation is one of the world’s leading manufacturers of home improvement and building products, as well as a leading provider of services that include the installation of insulation and other building products.

The 2009 fourth quarter and full-year supplemental material including a presentation in PDF format, will be distributed after the market closes on February 10, 2010 and will be available on the Company’s Web site at www.masco.com.

A conference call regarding items contained in this release is scheduled for Thursday, February 11, 2010 at 8:00 a.m. ET. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing (913) 312-0653 (confirmation #4115783).

The conference call will be webcast simultaneously and in its entirety through the Masco Corporation Web site. Shareholders, media representatives and others interested in Masco may participate in the webcast by registering through the Investor Relations section on the Company’s Web site.

A replay of the call will be available on Masco’s Web site or by phone by dialing (719) 457-0820 (replay access code #4115783). The replay will be available approximately two hours after the end of the call and continue through February 18, 2010.

Masco Corporation’s press releases and other information are available through the Company’s toll free number, 1-888-MAS-NEWS, or under the Investor Relations section of Masco’s Web site at www.masco.com.

# # #

Statements contained herein, or otherwise made available, that reflect the Company’s views about its future performance may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These views involve risks and uncertainties that are difficult to predict and the Company’s results may differ materially from the results discussed in such forward-looking statements. For further information, refer to our most recent Annual Report on Form 10-K (particularly the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections) and to any subsequent Quarterly Reports on Form 10-Q, all of which are on file with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Certain of the financial and statistical data made available are non-GAAP financial measures as defined by the SEC’s Regulation G. The Company believes that such non-GAAP performance measures and ratios used in managing the business may provide users with meaningful comparisons between current results and results in prior periods. Non-GAAP performance measures and ratios should be viewed in addition to, and not as an alternative for, the Company’s reported results under accounting principles generally accepted in the United States. Additional information about the Company is contained in the Company’s filings with the SEC and is available on Masco’s Web site.

MASCO CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS — UNAUDITED
For the Three Months and Twelve Months Ended December 31, 2009 and 2008
(In Millions, Except Per Common Share Data)


	Three Months Ended						Twelve Months Ended
	December 31,						December 31,
	2009			2008			2009			2008
Net sales	$	1,898		$	1,956		$	7,792		$	9,484
Cost of sales		1,403			1,559			5,774			7,125

Gross profit		495			397			2,018			2,359
Selling, general and administrative expenses		430			414			1,693			1,802
Impairment charges for goodwill and other intangible assets		262			467			262			467
Charge for defined-benefit plan curtailment		—			—			8			—

Operating (loss) profit		(197	)		(484	)		55			90
Other income (expense), net		(49	)		(87	)		(206	)		(283	)

(Loss) income from continuing operations before income taxes		(246	)		(571	)		(151	)		(193	)
Income tax (benefit) expense		(84	)		(71	)		(49	)		134

(Loss) income from continuing operations		(162	)		(500	)		(102	)		(327	)
(Loss) from discontinued operations, net		(12	)		(4	)		(43	)		(25	)

Net (loss) income		(174	)		(504	)		(145	)		(352	)
Less: Net income attributable to non-controlling interest		11			4			38			39

Net (loss) income attributable to Masco Corporation	$	(185	)	$	(508	)	$	(183	)	$	(391	)


Earnings (loss) per common share attributable to Masco Corporation (diluted):
(Loss) income from continuing operations	$	(0.49	)	$	(1.44	)	$	(0.41	)	$	(1.06	)
(Loss) from discontinued operations, net		(0.03	)		(0.01	)		(0.12	)		(0.07	)

Net (loss) income attributable to Masco Corporation	$	(0.53	)	$	(1.45	)	$	(0.53	)	$	(1.13	)


Average diluted common shares outstanding		352			351			351			353


Amounts attributable to Masco Corporation:
(Loss) income from continuing operations	$	(173	)	$	(504	)	$	(140	)	$	(366	)
(Loss) from discontinued operations, net		(12	)		(4	)		(43	)		(25	)

Net (loss) income attributable to Masco Corporation	$	(185	)	$	(508	)	$	(183	)	$	(391	)

Masco Corporation
Key Financial Data As Reported — Unaudited
Q4 — 2009 and 2008 (In Millions, Except Earnings Per Share)


Sales & Earnings	12/31/2009			12/31/2008			*Change*
Net Sales	$	1,898		$	1,956			-3	%
Operating (Loss)	$	(197	)	$	(484	)		N/A
Operating (Loss) % of Net Sales		-10.4	%		-24.7	%		1,430	bps

Other Income (Expense), Net	$	(49	)	$	(87	)		44	%
Income Tax (Benefit)	$	(84	)	$	(71	)		N/A
(Loss) From Continuing Operations Attributable to Masco Corporation	$	(173	)	$	(504	)		N/A
Diluted EPS from Continuing Operations	$	(0.49	)	$	(1.44	)		N/A


Operating Expenses	12/31/2009			12/31/2008			*Change*
Cost of Sales	$	1,403		$	1,559			-10	%
Gross Margin		26.1	%		20.3	%		580	bps
SG&A Expenses (Including GCE)	$	430		$	414			4	%
SG&A as a % of net sales		22.7	%		21.2	%		(150)	bps
General Corporate Expense (GCE)	$	44		$	34			29	%
General Corp Expense as a % of net sales		2.3	%		1.7	%		60	bps


Business Segments	12/31/2009			12/31/2008			*Change*
Cabinets and Related Products:
Net Sales	$	426		$	488			-13	%
Operating (Loss)	$	(8	)	$	(84	)		N/A
Operating (Loss) % of Net Sales		-1.9	%		-17.2	%		1,530	bps

Plumbing Products:
Net Sales	$	671		$	612			10	%
Operating Profit (Loss)	$	35		$	(193	)		N/A
Operating Profit (Loss) % of Net Sales		5.2	%		-31.5	%		3,670	bps

Installation and Other Services:
Net Sales	$	295		$	375			-21	%
Operating (Loss)	$	(27	)	$	(54	)		N/A
Operating (Loss) % of Net Sales		-9.2	%		-14.4	%		520	bps

Decorative Architectural Products:
Net Sales	$	349		$	328			6	%
Operating Profit	$	62		$	42			N/A
Operating Profit % of Net Sales		17.8	%		12.8	%		500	bps

Other Specialty Products:
Net Sales	$	157		$	153			3	%
Operating (Loss)	$	(215	)	$	(161	)		N/A
Operating (Loss) % of Net Sales		-136.9	%		-105.2	%		(3,170)	bps

Total Segment Reported:
Net Sales	$	1,898		$	1,956			-3	%
Operating (Loss)	$	(153	)	$	(450	)		N/A
Operating (Loss) % of Net Sales		-8.1	%		-23.0	%		1,490	bps

Change in Key Retailer Sales		8	%		-14	%

Masco Corporation
Key Financial Data As Reported — Unaudited
Q4 — 2009 and 2008 (In Millions, Except Earnings Per Share)


Business Regions	12/31/2009			12/31/2008			*Change*
North America
Net Sales	$	1,441		$	1,547			-7	%
Operating (Loss)	$	(168	)	$	(49	)		N/A
Operating (Loss) % of Net Sales		-11.7	%		-3.2	%		(850)	bps

International, principally Europe
Net Sales	$	457		$	409			12	%
Operating Profit (Loss)	$	15		$	(401	)		N/A
Operating Profit (Loss) % of Net Sales		3.3	%		-98.0	%		10,130	bps


Other	12/31/2009		12/31/2008
Dividend Payments	$	27	$	85
Cash Paid for Share Repurchases	$	—	$	—
Common Shares Repurchased		—		—
CAPEX	$	55	$	58
Depreciation and Amortization	$	64	$	59
Average diluted common shares outstanding		352		351

Masco Corporation
Key Financial Data As Reported — Unaudited
Full Year — 2009 and 2008 (In Millions, Except Earnings Per Share and Working Capital Days)


Sales & Earnings	12/31/2009			12/31/2008			*Change*
Net Sales	$	7,792		$	9,484			-18	%
Operating Profit	$	55		$	90			N/A
Operating Profit % of Net Sales		0.7	%		0.9	%		(20)	bps
Other Income (Expense), Net	$	(206	)	$	(283	)		27	%
Income Tax (Benefit) Expense	$	(49	)	$	134			N/A
(Loss) From Continuing Operations Attributable to Masco Corporation	$	(140	)	$	(366	)		N/A
Diluted EPS from Continuing Operations	$	(0.41	)	$	(1.06	)		N/A

Operating Expenses	12/31/2009			12/31/2008			*Change*
Cost of Sales	$	5,774		$	7,125			-19	%
Gross Margin		25.9	%		24.9	%		100	bps
SG&A Expenses (Including GCE)	$	1,701		$	1,802			-6	%
SG&A as a % of net sales		21.8	%		19.0	%		(280)	bps
General Corporate Expense (GCE)	$	140		$	144			-3	%
General Corp Expense as a % of net sales		1.8	%		1.5	%		(30)	bps

Business Segments	12/31/2009			12/31/2008			*Change*
Cabinets and Related Products:
Net Sales	$	1,674		$	2,276			-26	%
Operating (Loss) Profit	$	(64	)	$	4			N/A
Operating (Loss) Profit % of Net Sales		-3.8	%		0.2	%		(400)	bps

Plumbing Products:
Net Sales	$	2,564		$	3,002			-15	%
Operating Profit	$	237		$	110			N/A
Operating Profit % of Net Sales		9.2	%		3.7	%		550	bps

Installation and Other Services:
Net Sales	$	1,256		$	1,861			-33	%
Operating (Loss)	$	(131	)	$	(46	)		N/A
Operating (Loss) % of Net Sales		-10.4	%		-2.5	%		(790)	bps

Decorative Architectural Products:
Net Sales	$	1,714		$	1,629			5	%
Operating Profit	$	375		$	299			N/A
Operating Profit % of Net Sales		21.9	%		18.4	%		350	bps

Other Specialty Products:
Net Sales	$	584		$	716			-18	%
Operating Loss	$	(199	)	$	(124	)		N/A
Operating (Loss) % of Net Sales		-34.1	%		-17.3	%		(1,680)	bps

Total Segment Reported:
Net Sales	$	7,792		$	9,484			-18	%
Operating Profit	$	218		$	243			N/A
Operating Profit % of Net Sales		2.8	%		2.6	%		20	bps

Change in Key Retailer Sales		-4	%		-12	%

Masco Corporation
Key Financial Data As Reported — Unaudited
Full Year — 2009 and 2008 (In Millions, Except Earnings Per Share and Working Capital Days)


Business Regions	12/31/2009			12/31/2008			*Change*
North America
Net Sales	$	6,135		$	7,482			-18	%
Operating Profit	$	93		$	493			N/A
Operating Profit % to Net Sales		1.5	%		6.6	%		(510)	bps

International, principally Europe
Net Sales	$	1,657		$	2,002			-17	%
Operating Profit (Loss)	$	125		$	(250	)		N/A
Operating Profit (Loss) % to Net Sales		7.5	%		-12.5	%		2,000	bps

Working Capital	12/31/2009			12/31/2008			*Change*
Receivable Days		48			50			(2	)
Inventory Days		48			48			—
Payable Days		47			43			4
Working Capital (Receivables+Inventory-Payables)	$	1,148		$	1,409			-19	%
Working Capital as a % of Sales (As Reported TTM¹)		14.7	%		14.7	%		-	bps

Other				12/31/2009			12/31/2008
Dividend Payments				$	166		$	336
Cash Paid for Share Repurchases²				$	11		$	160
Common Shares Repurchased²					2			9
CAPEX				$	125		$	200
Depreciation and Amortization				$	254		$	238
Return on Invested Capital (As Reported TTM¹)					0.5	%		0.8	%
Return on Invested Capital (As Reconciled TTM¹)					3.6	%		5.3	%
Average diluted common shares outstanding					351			353
Average diluted common shares outstanding (January 1)					350			359

Debt Ratio				12/31/2009			12/31/2008
Long-Term Debt				$	3,604		$	3,915
Notes Payable				$	364		$	71
Total Debt				$	3,968		$	3,986

Shareholders’ Equity³				$	2,817		$	2,981

Debt to Capital					58	%		57	%


¹		- Trailing twelve months.

²		- Common shares were repurchased to offset the effect of stock award grants in the first quarter of 2009.

³		- Shareholders’ Equity at 12/31/08 includes $135 million related to the noncontrolling interest reclassification.

Masco Corporation — 4th Quarter 2009


Page
1		Condensed Consolidated Statements of Operations — 2009 & 2008 by Quarter — Unaudited

2		Notes to Condensed Consolidated Statements of Operations — 2009 & 2008 by Quarter — Unaudited

3		2009 Quarterly Segment Data Excluding Costs and Charges for Business Rationalizations and Other Initiatives and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited

4		2009 Quarterly Segment Data Including Costs and Charges for Business Rationalizations and Other Initiatives and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited

5		2009 Costs and Charges for Business Rationalizations and Other Initiatives — Unaudited

6		2008 Quarterly Segment Data Excluding Costs and Charges for Business Rationalizations and Other Initiatives and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited

7		2008 Quarterly Segment Data Including Costs and Charges for Business Rationalizations and Other Initiatives and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited

8		2008 Costs and Charges for Business Rationalizations and Other Initiatives and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited

9		Other Income (Expense), Net — 2009 & 2008 by Quarter — Unaudited

10		Condensed Consolidated Balance Sheets — Unaudited GAAP Reconciliations:

		GAAP Reconciliations:

11		Sales Growth Excluding the Effect of Acquisitions and Currency Translation — Unaudited

12		Operating Profit and Margins — Unaudited

13		Operating (Loss) Profit and Shareholders’ Equity — Unaudited

14		Reconciliation for Impairment Charges for Goodwill and Other Intangible Assets — Unaudited

MASCO CORPORATION
Condensed Consolidated Statements of Operations
2009 & 2008 — by Quarter — Unaudited
(dollars in millions, except per share data)


	2009															2008
	Year			Qtr. 4			Qtr. 3			Qtr. 2			Qtr. 1			Year			Qtr. 4			Qtr. 3			Qtr. 2			Qtr. 1
Net Sales	$	7,792		$	1,898		$	2,084		$	2,013		$	1,797		$	9,484		$	1,956		$	2,501		$	2,610		$	2,417

Cost of Sales		5,774			1,403			1,517			1,470			1,384			7,125			1,559			1,854			1,916			1,796


Gross Profit		2,018			495			567			543			413			2,359			397			647			694			621
(Gross Margin as a % of Sales)		25.9	%		26.1	%		27.2	%		27.0	%		23.0	%		24.9	%		20.3	%		25.9	%		26.6	%		25.7	%

SG&A Expense (before lines 1, 2, 3, 4)		1,546.0			386			386			400			374			1,649			380			409			442			418
(S,G&A Expense as a % of Sales)		19.8	%		20.3	%		18.5	%		19.9	%		20.8	%		17.4	%		19.4	%		16.4	%		16.9	%		17.3	%

Operating Profit (before lines 1, 2, 3, 4)		472.0			109			181			143			39			710			17			238			252			203
(Operating Margin as a % of Sales)		6.1	%		5.7	%		8.7	%		7.1	%		2.2	%		7.5	%		0.9	%		9.5	%		9.7	%		8.4	%

1 General Corporate Expense (GCE), Net		140			44			36			27			33			144			34			32			35			43

S,G&A Expense as a % of Sales (including lines 1,2,3,4)		25.2	%		36.5	%		20.6	%		21.2	%		23.1	%		18.9	%		21.2	%		17.6	%		18.3	%		19.1	%

2 Charge for Defined-Benefit Plan Curtailment		8			—			—			—			8			—			—			—			—			—

3 Charge for Litigation Settlement		7			—			7			—			—			9			—			9			—			—

4 Impairment Charges for Goodwill and Other Intangible Assets		262			262			—			—			—			467			467			—			—			—


Operating Profit (Loss) per F/S	$	55		$	(197	)	$	138		$	116		$	(2	)	$	90		$	(484	)	$	197		$	217		$	160


Income (Loss) Per Common Share Attributable to
Masco Corporation (Diluted):

Income (Loss) from Continuing Operations	$	(0.41	)	$	(0.49	)	$	0.14		$	0.19		$	(0.24	)	$	(1.06	)	$	(1.44	)	$	0.11		$	0.20		$	0.06

(Loss) Income from Discontinued Operations, Net		(0.12	)		(0.03	)		(0.06	)		(0.03	)		0.01			(0.07	)		(0.01	)		(0.02	)		0.02			(0.06	)


Net Income (Loss)	$	(0.53	)	$	(0.53	)	$	0.08		$	0.15		$	(0.23	)	$	(1.13	)	$	(1.45	)	$	0.09		$	0.23		$	—

Please see page 2 for Notes.

Page 1

MASCO CORPORATION
Notes To Condensed Consolidated Statements of Operations
2009 & 2008 — by Quarter — Unaudited

Notes:

	-		Data exclude discontinued operations.

	-		Operating results for the fourth quarter of 2009 include non-cash impairment charges for goodwill and other intangible assets of $262 million pre-tax ($.51 per common share, after tax).

	-		Operating results for the first, second, third and fourth quarters of 2009 include costs and charges related to business rationalizations and other initiatives of $24 million pre-tax ($.04 per common share, after tax), $22 million pre-tax ($.04 per common share, after tax), $21 million pre-tax ($.04 per common share, after tax), and $27 million pre-tax ($.05 per common share, after tax), respectively.

	-		Operating results for the third quarter of 2009 include litigation settlement expense of $7 million pre-tax ($.01 per common share, after tax).

	-		Operating results for the second quarter of 2009 include accelerated stock compensation expense of $6 million pre-tax ($.01 per common share, after tax).

	-		Operating results for the first quarter of 2009 include a non-cash charge of $8 million pre-tax ($.01 per common share, after tax) related to the curtailment and remeasurement of certain of the Company’s defined-benefit pension plans.

	-		Income from continuing operations for the first and second quarters of 2009 includes non-cash impairment charges for financial investments of $3 million pre-tax ($.01 per common share, after tax) and $7 million pre-tax ($.01 per common share, after tax), respectively.

	-		(Loss) income from discontinued operations for the fourth quarter of 2009 include loss of $19 million pre-tax ($.04 per common share, after tax) on the disposition of a European business unit in the Plumbing Products segment.

	-		(Loss) income from discontinued operations for the third quarter of 2009 include loss of $22 million pre-tax ($.06 per common share, after tax) on the disposition of a European business unit in the Plumbing Products segment.

	-		Operating results for the fourth quarter of 2008 include non-cash impairment charges for goodwill and other intangible assets of $467 million pre-tax ($1.27 per common share, after tax).

	-		Operating results for the first, second, third and fourth quarters of 2008 include costs and charges related to business rationalizations and other initiatives of $9 million pre-tax ($.02 per common share, after tax), $15 million pre-tax ($.03 per common share, after tax), $15 million per common share pre-tax ($.03 per common share, after tax) and $39 million pre-tax ($.07 per common share, after tax), respectively.

	-		Income from continuing operations for the first, second, third and fourth quarters of 2008 includes non-cash impairment charges for financial investments of $26 million pre-tax ($.05 per common share, after tax), $3 million pre-tax, $1 million pre-tax and $28 million pre-tax ($.05 per common share, after tax), respectively.

	-		(Loss) income from discontinued operations for the first and second quarters of 2008 includes non-cash charges for those business units that were expected to be divested at a loss of $43 million pre-tax ($.06 per common share, after tax) and $2 million pre-tax, respectively.

	-		Per common share amounts for the four quarters of 2008 do not total to the per common share amounts for the year, primarily due to the allocation of income to unvested stock awards.

	-		Income per common share amounts reflect the adoption of new Financial Accounting Standards Board (“FASB”) guidance regarding whether instruments granted in share-based transactions are participating securities which was effective January 1, 2009 and required retrospective application.

Page 2

MASCO CORPORATION
Quarterly Segment Data — 2009
Excluding Costs and Charges for Business Rationalizations and Other Initiatives — Unaudited
and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited
(dollars in millions)


	Year			Qtr. 4			Qtr. 3			Qtr. 2			Qtr. 1
Net Sales:
- Cabinets and Related Products	$	1,674		$	426		$	434		$	419		$	395
- Plumbing Products		2,564			671			678			631			584
- Installation and Other Services		1,256			295			332			312			317
- Decorative Architectural Products		1,714			349			474			505			386
- Other Specialty Products		584			157			166			146			115

- Total	$	7,792		$	1,898		$	2,084		$	2,013		$	1,797


- North America	$	6,135		$	1,441		$	1,630		$	1,630		$	1,434
- International, principally Europe		1,657			457			454			383			363

- Total, as above	$	7,792		$	1,898		$	2,084		$	2,013		$	1,797


Operating (Loss) Profit:
- Cabinets and Related Products	$	(21	)	$	9		$	(9	)	$	(2	)	$	(19	)
- Plumbing Products		295			80			99			78			38
- Installation and Other Services		(107	)		(25	)		(27	)		(27	)		(28	)
- Decorative Architectural Products		376			62			123			116			75
- Other Specialty Products		27			8			16			8			(5	)

- Total	$	570		$	134		$	202		$	173		$	61


- North America	$	394		$	75		$	139		$	141		$	39
- International, principally Europe		176			59			63			32			22

- Total, as above	$	570		$	134		$	202		$	173		$	61


General Corporate Expense (GCE), Net		136			42			36			27			31

Accelerated Stock Compensation Expense		6			—			—			6			—

Loss on Corporate Fixed Assets, Net		2			—			—			2			—

Charge for Litigation Settlement		7			—			7			—			—

Charge for Defined-Benefit Plan Curtailment		8			—			—			—			8

Operating Profit (after GCE and Adjustments)		411			92			159			138			22

Other Income (Expense), Net		(206	)		(49	)		(49	)		(49	)		(59	)


Income (Loss) from Continuing Operations before Income Taxes	$	205		$	43		$	110		$	89		$	(37	)

Margins:
- Cabinets and Related Products		-1.3	%		2.1	%		-2.1	%		-0.5	%		-4.8	%
- Plumbing Products		11.5	%		11.9	%		14.6	%		12.4	%		6.5	%
- Installation and Other Services		-8.5	%		-8.5	%		-8.1	%		-8.7	%		-8.8	%
- Decorative Architectural Products		21.9	%		17.8	%		25.9	%		23.0	%		19.4	%
- Other Specialty Products		4.6	%		5.1	%		9.6	%		5.5	%		-4.3	%
- Total		7.3	%		7.1	%		9.7	%		8.6	%		3.4	%

- North America		6.4	%		5.2	%		8.5	%		8.7	%		2.7	%
- International, principally Europe		10.6	%		12.9	%		13.9	%		8.4	%		6.1	%
- Total, as above		7.3	%		7.1	%		9.7	%		8.6	%		3.4	%

Notes:

–		Data exclude discontinued operations.

–		Operating (loss) profit and margins by segment and geographic area are before general corporate expense, charge for defined-benefit plan curtailment, accelerated stock compensation expense, loss on corporate fixed assets, net and charge for litigation settlement.

–		See 2009 Costs and Charges for Business Rationalizations and Other Initiatives and Impairment Charges for Goodwill and Other Intangible Assets — page 5.

Page 3

MASCO CORPORATION
Quarterly Segment Data — 2009
Including Costs and Charges for Business Rationalizations and Other Initiatives — Unaudited
and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited
(dollars in millions)


	Year			Qtr. 4			Qtr. 3			Qtr. 2			Qtr. 1
Net Sales:
- Cabinets and Related Products	$	1,674		$	426		$	434		$	419		$	395
- Plumbing Products		2,564			671			678			631			584
- Installation and Other Services		1,256			295			332			312			317
- Decorative Architectural Products		1,714			349			474			505			386
- Other Specialty Products		584			157			166			146			115

- Total	$	7,792		$	1,898		$	2,084		$	2,013		$	1,797


- North America	$	6,135		$	1,441		$	1,630		$	1,630		$	1,434
- International, principally Europe		1,657			457			454			383			363

- Total, as above	$	7,792		$	1,898		$	2,084		$	2,013		$	1,797


Operating (Loss) Profit:
- Cabinets and Related Products	$	(64	)	$	(8	)	$	(16	)	$	(12	)	$	(28	)
- Plumbing Products		237			35			93			74			35
- Installation and Other Services		(131	)		(27	)		(34	)		(34	)		(36	)
- Decorative Architectural Products		375			62			122			116			75
- Other Specialty Products		(199	)		(215	)		16			7			(7	)

- Total	$	218		$	(153	)	$	181		$	151		$	39


- North America	$	93		$	(168	)	$	123		$	119		$	19
- International, principally Europe		125			15			58			32			20

- Total, as above	$	218		$	(153	)	$	181		$	151		$	39


General Corporate Expense (GCE), Net		140			44			36			27			33

Accelerated Stock Compensation Expense		6			—			—			6			—

Loss on Corporate Fixed Assets, Net		2			—			—			2			—

Charge for Litigation Settlement		7			—			7			—			—

Charge for Defined-Benefit Plan Curtailment		8			—			—			—			8


Operating (Loss) Profit (after GCE and Adjustments)		55			(197	)		138			116			(2	)

Other Income (Expense), Net		(206	)		(49	)		(49	)		(49	)		(59	)


Income (Loss) from Continuing Operations before Income Taxes	$	(151	)	$	(246	)	$	89		$	67		$	(61	)


Margins:
- Cabinets and Related Products		-3.8	%		-1.9	%		-3.7	%		-2.9	%		-7.1	%
- Plumbing Products		9.2	%		5.2	%		13.7	%		11.7	%		6.0	%
- Installation and Other Services		-10.4	%		-9.2	%		-10.2	%		-10.9	%		-11.4	%
- Decorative Architectural Products		21.9	%		17.8	%		25.7	%		23.0	%		19.4	%
- Other Specialty Products		-34.1	%		-136.9	%		9.6	%		4.8	%		-6.1	%
- Total		2.8	%		-8.1	%		8.7	%		7.5	%		2.2	%

- North America		1.5	%		-11.7	%		7.5	%		7.3	%		1.3	%
- International, principally Europe		7.5	%		3.3	%		12.8	%		8.4	%		5.5	%
- Total, as above		2.8	%		-8.1	%		8.7	%		7.5	%		2.2	%

Notes:

–		Data exclude discontinued operations.

–		Operating (loss) profit and margins by segment and geographic area are before general corporate expense, charge for defined benefit plan curtailment, accelerated stock compensation expense, loss on corporate fixed assets, net and charge for litigation settlement.

–		See 2009 Costs and Charges for Business Rationalizations and Other Initiatives and Impairment Charges for Goodwill and Other Intangible Assets — page 5.

Page 4

MASCO CORPORATION
Quarterly Segment Data — 2009
Costs and Charges for Business Rationalizations and Other Initiatives
and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited
(in millions)


	Year		Qtr. 4		Qtr. 3		Qtr. 2		Qtr. 1
*Business Rationalizations & Other Initiatives*
- Cabinets and Related Products	$	43	$	17	$	7	$	10	$	9
- Plumbing Products		19		6		6		4		3
- Installation and Other Services		24		2		7		7		8
- Decorative Architectural Products		1		—		1		—		—
- Other Specialty Products		3		—		—		1		2

- Total	$	90	$	25	$	21	$	22	$	22


- North America	$	78	$	20	$	16	$	22	$	20
- International, principally Europe		12		5		5		—		2

- Total, as above	$	90	$	25	$	21	$	22	$	22

General Corporate Expense (GCE), Net		4		2		—		—		2


- Total	$	94	$	27	$	21	$	22	$	24


*Goodwill and Other Intangible Assets Impairment*
- Cabinets and Related Products	$	—	$	—	$	—	$	—	$	—
- Plumbing Products		39		39		—		—		—
- Installation and Other Services		—		—		—		—		—
- Decorative Architectural Products		—		—		—		—		—
- Other Specialty Products		223		223		—		—		—

- Total	$	262	$	262	$	—	$	—	$	—


- North America	$	223	$	223	$	—	$	—	$	—
- International, principally Europe		39		39		—		—		—

- Total, as above	$	262	$	262	$	—	$	—	$	—


Notes:

-		Data exclude discontinued operations.

-		Business rationalizations and other initiatives include costs and charges for business consolidations, plant closures, headcount reductions, system implementations and other initiatives.

Page 5

MASCO CORPORATION
Quarterly Segment Data — 2008
Excluding Costs and Charges for Business Rationalizations and Other Initiatives
and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited
(dollars in millions)


	Year			Qtr. 4			Qtr. 3			Qtr. 2			Qtr. 1
Net Sales:
- Cabinets and Related Products	$	2,276		$	488		$	584		$	608		$	596
- Plumbing Products		3,002			612			778			824			788
- Installation and Other Services		1,861			375			492			508			486
- Decorative Architectural Products		1,629			328			446			476			379
- Other Specialty Products		716			153			201			194			168

- Total	$	9,484		$	1,956		$	2,501		$	2,610		$	2,417


- North America	$	7,482		$	1,547		$	1,975		$	2,067		$	1,893
- International, principally Europe		2,002			409			526			543			524

- Total, as above	$	9,484		$	1,956		$	2,501		$	2,610		$	2,417


Operating Profit (Loss):
- Cabinets and Related Products	$	86		$	(12	)	$	29		$	40		$	29
- Plumbing Products		336			22			101			111			102
- Installation and Other Services		21			3			11			8			(1	)
- Decorative Architectural Products		301			42			95			90			74
- Other Specialty Products		37			(1	)		17			13			8

- Total	$	781		$	54		$	253		$	262		$	212


- North America	$	602		$	38		$	200		$	207		$	157
- International, principally Europe		179			16			53			55			55

- Total, as above	$	781		$	54		$	253		$	262		$	212


General Corporate Expense (GCE), Net		137			32			32			30			43

(Gain) on Sales of Corporate Fixed Assets, Net		—			—			—			—			—

Charge for Litigation Settlement		9			—			9			—			—


Operating Profit (after GCE and Adjustments)		635			22			212			232			169

Other Income (Expense), Net		(283	)		(87	)		(56	)		(56	)		(84	)


Income (Loss) from Continuing Operations before Income Taxes	$	352		$	(65	)	$	156		$	176		$	85


Margins:
- Cabinets and Related Products		3.8	%		-2.5	%		5.0	%		6.6	%		4.9	%
- Plumbing Products		11.2	%		3.6	%		13.0	%		13.5	%		12.9	%
- Installation and Other Services		1.1	%		0.8	%		2.2	%		1.6	%		-0.2	%
- Decorative Architectural Products		18.5	%		12.8	%		21.3	%		18.9	%		19.5	%
- Other Specialty Products		5.2	%		-0.7	%		8.5	%		6.7	%		4.8	%
- Total		8.2	%		2.8	%		10.1	%		10.0	%		8.8	%

- North America		8.0	%		2.5	%		10.1	%		10.0	%		8.3	%
- International, principally Europe		8.9	%		3.9	%		10.1	%		10.1	%		10.5	%
- Total, as above		8.2	%		2.8	%		10.1	%		10.0	%		8.8	%


Notes:

-		Data exclude discontinued operations.

-		Operating profit and margins by segment and geographic area are before general corporate expense, (gain) on sale of corporate fixed assets and charge for litigation settlement.

-		See 2008 Costs and Charges for Business Rationalizations and Other Initiatives and Impairment Charges for Goodwill and Other Intangible Assets — page 8.

Page 6

MASCO CORPORATION
Quarterly Segment Data — 2008
Including Costs and Charges for Business Rationalizations and Other Initiatives
and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited
(dollars in millions)


	Year			Qtr. 4			Qtr. 3			Qtr. 2			Qtr. 1
Net Sales:
- Cabinets and Related Products	$	2,276		$	488		$	584		$	608		$	596
- Plumbing Products		3,002			612			778			824			788
- Installation and Other Services		1,861			375			492			508			486
- Decorative Architectural Products		1,629			328			446			476			379
- Other Specialty Products		716			153			201			194			168

- Total	$	9,484		$	1,956		$	2,501		$	2,610		$	2,417


- North America	$	7,482		$	1,547		$	1,975		$	2,067		$	1,893
- International, principally Europe		2,002			409			526			543			524

- Total, as above	$	9,484		$	1,956		$	2,501		$	2,610		$	2,417


Operating Profit (Loss):
- Cabinets and Related Products	$	4		$	(84	)	$	23		$	37		$	28
- Plumbing Products		110			(193	)		95			109			99
- Installation and Other Services		(46	)		(54	)		10			4			(6	)
- Decorative Architectural Products		299			42			94			89			74
- Other Specialty Products		(124	)		(161	)		16			13			8

- Total	$	243		$	(450	)	$	238		$	252		$	203


- North America	$	493		$	(49	)	$	193		$	200		$	149
- International, principally Europe		(250	)		(401	)		45			52			54

- Total, as above	$	243		$	(450	)	$	238		$	252		$	203


General Corporate Expense (GCE), Net		144			34			32			35			43

(Gain) on Sales of Corporate Fixed Assets, Net		—			—			—			—			—

Charge for Litigation Settlement		9			—			9			—			—


Operating Profit (Loss) (after GCE and Adjustments)		90			(484	)		197			217			160

Other Income (Expense), Net		(283	)		(87	)		(56	)		(56	)		(84	)


(Loss) Income from Continuing Operations before Income Taxes	$	(193	)	$	(571	)	$	141		$	161		$	76


Margins:
- Cabinets and Related Products		0.2	%		-17.2	%		3.9	%		6.1	%		4.7	%
- Plumbing Products		3.7	%		-31.5	%		12.2	%		13.2	%		12.6	%
- Installation and Other Services		-2.5	%		-14.4	%		2.0	%		0.8	%		-1.2	%
- Decorative Architectural Products		18.4	%		12.8	%		21.1	%		18.7	%		19.5	%
- Other Specialty Products		-17.3	%		-105.2	%		8.0	%		6.7	%		4.8	%
- Total		2.6	%		-23.0	%		9.5	%		9.7	%		8.4	%

- North America		6.6	%		-3.2	%		9.8	%		9.7	%		7.9	%
- International, principally Europe		-12.5	%		-98.0	%		8.6	%		9.6	%		10.3	%
- Total, as above		2.6	%		-23.0	%		9.5	%		9.7	%		8.4	%


Notes:

-		Data exclude discontinued operations.

-		Operating profit (loss) and margins by segment and geographic area are before general corporate expense, (gain) on sale of corporate fixed assets and charge for litigation settlement.

-		See 2008 Costs and Charges for Business Rationalizations and Other Initiatives and Impairment Charges for Goodwill and Other Intangible Assets — page 8.

Page 7

MASCO CORPORATION
Quarterly Segment Data — 2008
Costs and Charges for Business Rationalizations and Other Initiatives
and Impairment Charges for Goodwill and Other Intangible Assets — Unaudited
(dollars in millions)


	Year		Qtr. 4		Qtr. 3		Qtr. 2		Qtr. 1
*Business Rationalizations & Other Initiatives*
- Cabinets and Related Products	$	23	$	13	$	6	$	3	$	1
- Plumbing Products		23		12		6		2		3
- Installation and Other Services		15		5		1		4		5
- Decorative Architectural Products		2		—		1		1		—
- Other Specialty Products		8		7		1		—		—

- Total	$	71	$	37	$	15	$	10	$	9


- North America	$	47	$	25	$	7	$	7	$	8
- International, principally Europe		24		12		8		3		1

- Total, as above	$	71	$	37	$	15	$	10	$	9

General Corporate Expense (GCE), Net		7		2		—		5		—


- Total	$	78	$	39	$	15	$	15	$	9


*Goodwill and Other Intangible Assets Impairment*
- Cabinets and Related Products	$	59	$	59	$	—	$	—	$	—
- Plumbing Products		203		203		—		—		—
- Installation and Other Services		52		52		—		—		—
- Decorative Architectural Products		—		—		—		—		—
- Other Specialty Products		153		153		—		—		—

- Total	$	467	$	467	$	—	$	—	$	—


- North America	$	62	$	62	$	—	$	—	$	—
- International, principally Europe		405		405		—		—		—

- Total, as above	$	467	$	467	$	—	$	—	$	—


Notes:

-		Data exclude discontinued operations.

-		Business rationalizations and other initiatives include costs and charges for business consolidations, plant closures, headcount reductions, system implementations and other initiatives.

Page 8

MASCO CORPORATION
Other Income (Expense), Net
2009 & 2008 — by Quarter — Unaudited
(in millions)


	2009															2008
	Year			Qtr. 4			Qtr. 3			Qtr. 2			Qtr. 1			Year			Qtr. 4			Qtr. 3			Qtr. 2			Qtr. 1
Interest Expense	$	(225	)	$	(56	)	$	(56	)	$	(57	)	$	(56	)	$	(228	)	$	(56	)	$	(59	)	$	(57	)	$	(56	)

Income from Cash and Cash Investments		7			1			2			1			3			22			5			6			5			6

Other Interest Income		2			1			1			—			—			2			1			1			—			—

Realized Gains (Losses) from Financial Investments, Net		3			3			—			—			—			1			1			—			3			(3	)

Impairment Charges for Financial Investments		(10	)					—			(7	)		(3	)		(58	)		(28	)		(1	)		(3	)		(26	)

Other, Net		17			2			4			14			(3	)		(22	)		(10	)		(3	)		(4	)		(5	)


Total Other Income (Expense), Net	$	(206	)	$	(49	)	$	(49	)	$	(49	)	$	(59	)	$	(283	)	$	(87	)	$	(56	)	$	(56	)	$	(84	)

Notes:

–		Data exclude discontinued operations.

–		Other, Net, includes currency (losses) gains of ($2) million, $11 million, $5 million, and $3 million for the first, second, third and fourth quarters of 2009, respectively.

–		Other, Net, includes currency (losses) of ($10) million, ($5) million, ($3) million, and ($11) million for the first, second, third and fourth quarters of 2008, respectively.

Page 9

MASCO CORPORATION
Condensed Consolidated Balance Sheets — Unaudited
(in millions)


	December 31,		December 31,
	2009		2008
Assets
Current Assets:
Cash and Cash Investments	$	1,413	$	1,028
Receivables		983		999
Prepaid Expenses and Other		312		332
Inventories		743		941

Total Current Assets		3,451		3,300
Property and Equipment, Net		1,981		2,136
Goodwill		3,108		3,371
Other Intangible Assets, Net		290		299
Other Assets		345		377

Total Assets	$	9,175	$	9,483


Liabilities
Current Liabilities:
Notes Payable	$	364	$	71
Accounts Payable		578		531
Accrued Liabilities		839		945

Total Current Liabilities		1,781		1,547
Long-Term Debt		3,604		3,915
Deferred Income Taxes and Other		973		1,040

Total Liabilities		6,358		6,502
Shareholders’ Equity		2,817		2,981

Total Liabilities and Shareholders’ Equity	$	9,175	$	9,483

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MASCO CORPORATION
GAAP Reconciliation of Sales Growth
Excluding the Effect of Acquisitions and Currency Translation — Unaudited
(dollars in millions)


	Three Months Ended
	December 31,
	2009			2008		% D
Net Sales, As Reported	$	1,898		$	1,956		-3	%
- Acquisitions		—			—
- Currency Translation		(49	)		—

Net Sales, Excluding Acquisitions and Currency Translation	$	1,849		$	1,956		-5	%


North America Net Sales, As Reported	$	1,441		$	1,547		-7	%
- Acquisitions		—			—
- Currency Translation		(7	)		—

North America Net Sales, Excluding Acquisitions and Currency Translation	$	1,434		$	1,547		-7	%


International Net Sales, As Reported	$	457		$	409		12	%
- Acquisitions		—			—
- Currency Translation		(42	)		—

International Net Sales, Excluding Acquisitions and Currency Translation	$	415		$	409		1	%


	Twelve Months Ended
	December 31,
	2009			2008		% D
As Reported	$	7,792		$	9,484		-18	%
- Acquisitions		(9	)		—
- Currency Translation		151			—

Net Sales, Excluding Acquisitions and Currency Translation	$	7,934		$	9,484		-16	%


North America Net Sales, As Reported	$	6,135		$	7,482		-18	%
- Acquisitions		(9	)		—
- Currency Translation		14			—

North America Net Sales, Excluding Acquisitions and Currency Translation	$	6,140		$	7,482		-18	%


International Net Sales, As Reported	$	1,657		$	2,002		-17	%
- Acquisitions		—			—
- Currency Translation		137			—

International Net Sales, Excluding Acquisitions and Currency Translation	$	1,794		$	2,002		-10	%

Notes:

–		Data exclude discontinued operations.

–		The Company presents information comparing results from one period to another excluding the results of businesses acquired in order to assess the performance of the underlying businesses and to assess to what extent acquisitions are driving growth.

–		The Company also presents information comparing results of International operations from one period to another using constant exchange rates. To present this information, current period results for foreign entities are converted into U.S. dollars using the prior period’s exchange rates, rather than exchange rates for the current period. The Company presents this information in order to assess how the underlying businesses performed local currencies before taking into account currency fluctuations.

–		The currency translation effect on North American net sales includes currency translation related to Canadian business units.

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MASCO CORPORATION
GAAP Reconciliation of Operating Profit and Margins — Unaudited
(dollars in millions)


	Three Months Ended December 31,
	2009						2008
	$			Margin			$			Margin
Operating Profit, As Reported	$	(197	)		-10.4	%	$	(484	)		-24.7	%
Impairment Charges for Goodwill and Other Intangible Assets		262						467
Business Rationalizations and Other Initiatives		27						39
Charge for Litigation Settlement		—						—
Charge for Defined-Benefit Plan Curtailment		—						—

Operating Profit, As Reconciled	$	92			4.8	%	$	22			1.1	%


	Twelve Months Ended December 31,
	2009					2008
	$		Margin			$		Margin
Operating Profit, As Reported	$	55		0.7	%	$	90		0.9	%
Impairment Charges for Goodwill and Other Intangible Assets		262					467
Business Rationalizations and Other Initiatives		94					78
Charge for Litigation Settlement		7					9
Charge for Defined-Benefit Plan Curtailment		8					—

Operating Profit, As Reconciled	$	426		5.5	%	$	644		6.8	%

Notes:

–		Data exclude discontinued operations.

–		The Company believes that certain non-GAAP performance measures and ratios, used in managing the business, may provide users of this financial information with additional meaningful comparisons between current results and results in prior periods. Non-GAAP performance measures and ratios should be viewed in addition to, and not as an alternative for, the Company’s reported results under accounting principles generally accepted in the United States.

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MASCO CORORATION
GAAP Reconciliation of Operating (Loss) Profit and Shareholders’ Equity — Unaudited
(in millions)


	Twelve
	Months Ended
	December 31,
	2009
Operating (Loss) Profit, As Reported	$	55
Impairment Charges for Goodwill and Other Intangible Assets, Continuing Operations		262
Charge for Defined-Benefit Plan Curtailment		8
Charge for Litigation Settlement		7

Operating Profit, As Reconciled	$	332


	Twelve Months Ended
	December 31,
	2009		2008
Shareholders’ Equity, As Reported	$	2,817	$	2,981
Impairment Charges for Goodwill and Other Intangible Assets (after tax)		180		445
Charge for Defined-Benefit Plan Curtailment (after tax)		5		—
Charge for Litigation Settlement (after tax)		4		6

Shareholders’ Equity, As Reconciled	$	3,006	$	3,432

Notes:

–		Data exclude discontinued operations.

–		The Company believes that certain non-GAAP performance measures and ratios, used in managing the business, may provide users of this financial information with additional meaningful comparisons between current results and results in prior periods. Non-GAAP performance measures and ratios should be viewed in addition to, and not as an alternative for, the Company’s reported results under accounting principles generally accepted in the United States.

–		This information is provided as detail for the calculation of return on invested capital (“ROIC”) which is calculated as after-tax operating profit (last twelve months, as reconciled) divided by the total of average debt (net of average cash) and average shareholders’ equity.

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Masco Corporation
Reconciliation for Impairment Charges for Goodwill and Other Intangible Assets — Unaudited
Fourth Quarter and Full-Year 2009 and 2008


	Q4-2009									12/31/09 — Full Year
	As			Less: GW			As			As			Less: GW			As
	Reported			Impairment			Reconciled			Reported			Impairment			Reconciled

Net Sales	$	1,898					$	1,898		$	7,792					$	7,792
Cost of Sales		1,403						1,403			5,774						5,774

Gross Profit		495			—			495			2,018			—			2,018
Selling, general and administrative expenses		692			(262	)		430			1,955			(262	)		1,693
Charge for defined benefit plan curtailment		—			—			—			8			—			8

Operating Profit (Loss)		(197	)		262			65			55			262			317
Other income (expense), net		(49	)		—			(49	)		(206	)		—			(206	)

(Loss) Income from continuing operations before income taxes		(246	)		262			16			(151	)		262			111
Income tax (benefit) expense		(84	)		82			(2	)		(49	)		82			33

(Loss) Income from continuing operations		(162	)		180			18			(102	)		180			78
(Loss) income from discontinued operations, net		(12	)					(12	)		(43	)					(43	)

Net (Loss) Income		(174	)		180			6			(145	)		180			35
Less: Net income attributable to noncontrolling interest		(11	)		—			(11	)		(38	)		—			(38	)

Net (Loss) Income Attributable to Masco Corporation	$	(185	)	$	180		$	(5	)	$	(183	)	$	180		$	(3	)


Earnings (loss) per common share attributable to Masco Corporation (diluted):
Income (Loss) from continuing operations	$	(0.49	)	$	0.51		$	0.02		$	(0.41	)	$	0.51		$	0.11
Income (Loss) from discontinued operations		(0.03	)		—			(0.03	)		(0.12	)		—			(0.12	)

Net income (Loss)	$	(0.53	)	$	0.51		$	(0.01	)	$	(0.53	)	$	0.51		$	(0.01	)


Average diluted common shares outstanding		352			352			352			351			351			351

Note: Earnings per common share may not add due to rounding and allocation to participating securitites.

Page 14


Delaware	1-5794	38-1794485

(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)


21001 Van Born Road, Taylor, Michigan		48180

(Address of Principal Executive Offices)		(Zip Code)


MASCO CORPORATION
By:	/s/ John G. Sznewajs
	Name:	John G. Sznewajs
	Title:	Vice President, Treasurer and Chief Financial Officer