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SHAREHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2013
SHAREHOLDERS' EQUITY  
SHAREHOLDERS' EQUITY

N. SHAREHOLDERS' EQUITY

        In July 2007, the Company's Board of Directors authorized the repurchase for retirement of up to 50 million shares of the Company's common stock in open-market transactions or otherwise. The Company had remaining authorization to repurchase up to 22.6 million shares and 24.3 million shares at December 31, 2013 and 2012, respectively.

        During 2013, the Company repurchased and retired 1.7 million shares of Company common stock for cash aggregating $35 million, to offset the dilutive impact of the 2013 grant of 1.7 million shares of long-term stock awards. During 2012, the Company repurchased and retired one million shares of Company common stock, for cash aggregating $8 million to offset the dilutive impact of the 2012 grant of one million shares of long-term stock awards. The Company repurchased and retired two million common shares in 2011 for cash aggregating $30 million.

        On the basis of amounts paid (declared), cash dividends per common share were $.30 ($.30) in each of 2013, 2012 and 2011.

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

 
   At December 31  
 
   2013   2012  

Cumulative translation adjustments

   $ 418   $ 501  

Unrealized loss on marketable securities, net

     (12 )   (12 )

Unrealized loss on interest rate swaps

     (19 )   (21 )

Unrecognized prior service cost and net loss, net

     (272 )   (409 )
           
​ ​ ​ ​ ​ ​ ​ ​

Accumulated other comprehensive income

   $ 115   $ 59  
           
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​ ​ ​ ​ ​ ​ ​ ​
           

        The unrealized loss on marketable securities, net, is reported net of income tax expense of $14 million at both December 31, 2013 and 2012. The unrecognized prior service cost and net loss, net, is reported net of income tax benefit of $105 million and $107 million at December 31, 2013 and 2012.