XML 68 R47.htm IDEA: XBRL DOCUMENT
v3.6.0.2

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Income Tax Disclosure [Abstract] |
Schedule of components of income taxes expense (benefit) from continuing operations |
|  |  |  |  | (In Millions) |
| 2016 |  | 2015 |  | 2014
Income from continuing operations before income taxes: |  |  |  |  |
U.S. | $ | 614 |  |  | $ | 496 |  |  | $ | 270 |
Foreign | 216 |  |  | 193 |  |  | 237 |
| $ | 830 |  |  | $ | 689 |  |  | $ | 507 |
Income tax expense (benefit) on income from continuing operations: |  |  |  |  |
Currently payable: |  |  |  |  |
U.S. Federal | $ | 73 |  |  | $ | 10 |  |  | $ | 3 |
State and local | 24 |  |  | 27 |  |  | 1 |
Foreign | 69 |  |  | 56 |  |  | 67 |
Deferred: |  |  |  |  |
U.S. Federal | 140 |  |  | 192 |  |  | (401 | )
State and local | 2 |  |  | 3 |  |  | (21 | )
Foreign | (12 | ) |  | 5 |  |  | (10 | )
| $ | 296 |  |  | $ | 293 |  |  | $ | (361 | )
Deferred tax assets at December 31: |  |  |  |  |
Receivables | $ | 10 |  |  | $ | 9 |  |  |
Inventories | 17 |  |  | 17 |  |  |
Other assets, including stock-based compensation | 58 |  |  | 78 |  |  |
Accrued liabilities | 53 |  |  | 77 |  |  |
Long-term liabilities | 280 |  |  | 266 |  |  |
Net operating loss carryforward | 51 |  |  | 39 |  |  |
Tax credit carryforward | 9 |  |  | 55 |  |  |
| 478 |  |  | 541 |  |  |
Valuation allowance | (45 | ) |  | (49 | ) |  |
| 433 |  |  | 492 |  |  |
Deferred tax liabilities at December 31: |  |  |  |  |
Property and equipment | 127 |  |  | 104 |  |  |
Intangibles | 222 |  |  | 212 |  |  |
Investment in foreign subsidiaries | 15 |  |  | 8 |  |  |
Other | 21 |  |  | 1 |  |  |
| 385 |  |  | 325 |  |  |
Net deferred tax asset at December 31 | $ | 48 |  |  | $ | 167 |  |  |
Schedule of reconciliation of the U.S. Federal statutory tax rate to the income tax expense (benefit) on income (loss) from continuing operations | A reconciliation of the U.S. Federal statutory tax rate to the income tax expense (benefit) on income from continuing operations was as follows:
| 2016 |  | 2015 |  | 2014
U.S. Federal statutory tax rate – expense | 35 | % |  | 35 | % |  | 35 | %
State and local taxes, net of U.S. Federal tax benefit | 2 |  |  | 3 |  |  | (2 | )
Lower taxes on foreign earnings | (2 | ) |  | (1 | ) |  | (5 | )
U.S. and foreign taxes on distributed and undistributed foreign earnings | 1 |  |  | 3 |  |  | — |
Domestic production deduction | (1 | ) |  | — |  |  | — |
U.S. Federal valuation allowance | — |  |  | 3 |  |  | (98 | )
Other, net | 1 |  |  | — |  |  | (1 | )
Effective tax rate – expense (benefit) | 36 | % |  | 43 | % |  | (71 | )%
Schedule of reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties | A reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties, is as follows, in millions:
| Uncertain Tax Positions |  | Interest and Penalties |  | Total
Balance at January 1, 2015 | $ | 39 |  |  | $ | 9 |  |  | $ | 48 |
Current year tax positions: |  |  |  |  |
Additions | 10 |  |  | — |  |  | 10 |
Prior year tax positions: |  |  |  |  |
Additions | 1 |  |  | — |  |  | 1 |
Reductions | (1 | ) |  | — |  |  | (1 | )
Lapse of applicable statute of limitations | (6 | ) |  | — |  |  | (6 | )
Interest and penalties recognized in income tax expense | — |  |  | 1 |  |  | 1 |
Balance at December 31, 2015 | $ | 43 |  |  | $ | 10 |  |  | $ | 53 |
Current year tax positions: |  |  |  |  |
Additions | 11 |  |  | — |  |  | 11 |
Reductions | (1 | ) |  | — |  |  | (1 | )
Prior year tax positions: |  |  |  |  |
Additions | 1 |  |  | — |  |  | 1 |
Reductions | (2 | ) |  | — |  |  | (2 | )
Lapse of applicable statute of limitations | (6 | ) |  | — |  |  | (6 | )
Interest and penalties recognized in income tax expense | — |  |  | (1 | ) |  | (1 | )
Balance at December 31, 2016 | $ | 46 |  |  | $ | 9 |  |  | $ | 55 |

X
- Definition Components Of Income Taxes Expense Benefit From Continuing Operations [Text Block] + References No definition available. + Details
Name: | mas_ComponentsofIncomeTaxesExpenseBenefitfromContinuingOperationsTableTextBlock
Namespace Prefix: | mas_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration