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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 1,976 [1] $ 1,978 [1] $ 5,855 [1] $ 5,729 [1]
Cost of sales 1,476 1,483 4,345 4,277
Gross profit 500 495 1,510 1,452
Selling, general and administrative expenses 398 380 1,186 1,210
Charge for litigation settlements, net 1 [2] 1 [2] 74 [2] 6 [2]
Operating profit 101 114 250 236
Other income (expense), net:        
Interest expense (62) (63) (194) (190)
Other, net 6 22 23 75
Total other income (expense), net (56) (41) (171) (115)
Income from continuing operations before income taxes 45 73 79 121
Income taxes 14 4 48 55
Income from continuing operations 31 69 31 66
Loss from discontinued operations (7) (20) (30) (31)
Net income 24 49 1 35
Less: Net income attributable to noncontrolling interest 9 13 28 37
Net income (loss) attributable to Masco Corporation 15 36 (27) (2)
Basic:        
Income from continuing operations $ 0.06 $ 0.16   $ 0.08
Loss from discontinued operations $ (0.02) $ (0.06) $ (0.08) $ (0.09)
Net income (loss) $ 0.04 $ 0.10 $ (0.08) $ (0.01)
Diluted:        
Income from continuing operations $ 0.06 $ 0.16   $ 0.08
Loss from discontinued operations $ (0.02) $ (0.06) $ (0.08) $ (0.09)
Net income (loss) $ 0.04 $ 0.10 $ (0.08) $ (0.01)
Amounts attributable to Masco Corporation:        
Income from continuing operations 22 56 3 29
Loss from discontinued operations (7) (20) (30) (31)
Net income (loss) attributable to Masco Corporation $ 15 $ 36 $ (27) $ (2)
[1] Inter-segment sales were not material.
[2] In 2012, gain on sale of fixed assets and in 2011, charge for litigation settlements, net relate to a business unit in the Other Specialty Products segment. For the three months and nine months ended September 30, 2012, the charge for litigation settlements, net, includes $1 million and $76 million, respectively, related to a business unit in the Installation and Other Services segment.