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INTERIM FINANCIAL INFORMATION (UNAUDITED) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
INTERIM FINANCIAL INFORMATION (UNAUDITED) | INTERIM FINANCIAL INFORMATION (UNAUDITED) Our quarterly results attributable to Masco Corporation were as follows:
|  |  | Quarters Ended
|  |  | (In Millions, Except Per Common Share Data)
| Total Year |  | December 31 |  | September 30 |  | June 30 |  | March 31
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 7,357 |  |  | $ | 1,759 |  |  | $ | 1,877 |  |  | $ | 2,001 |  |  | $ | 1,720 |
Gross profit | $ | 2,456 |  |  | $ | 573 |  |  | $ | 614 |  |  | $ | 700 |  |  | $ | 569 |
Income from continuing operations | $ | 491 |  |  | $ | 98 |  |  | $ | 134 |  |  | $ | 150 |  |  | $ | 109 |
Net income | $ | 491 |  |  | $ | 98 |  |  | $ | 134 |  |  | $ | 150 |  |  | $ | 109 |
Earnings per common share: |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |
Income from continuing operations | $ | 1.49 |  |  | $ | 0.30 |  |  | $ | 0.41 |  |  | $ | 0.45 |  |  | $ | 0.33 |
Net income | $ | 1.49 |  |  | $ | 0.30 |  |  | $ | 0.41 |  |  | $ | 0.45 |  |  | $ | 0.33 |
Diluted: |  |  |  |  |  |  |  |  |
Income from continuing operations | $ | 1.47 |  |  | $ | 0.30 |  |  | $ | 0.40 |  |  | $ | 0.45 |  |  | $ | 0.32 |
Net income | $ | 1.47 |  |  | $ | 0.30 |  |  | $ | 0.40 |  |  | $ | 0.45 |  |  | $ | 0.32 |
2015 |  |  |  |  |  |  |  |  |
Net sales | $ | 7,142 |  |  | $ | 1,715 |  |  | $ | 1,839 |  |  | $ | 1,929 |  |  | $ | 1,659 |
Gross profit | $ | 2,253 |  |  | $ | 532 |  |  | $ | 589 |  |  | $ | 637 |  |  | $ | 495 |
Income from continuing operations | $ | 357 |  |  | $ | 76 |  |  | $ | 111 |  |  | $ | 109 |  |  | $ | 61 |
Net income | $ | 355 |  |  | $ | 75 |  |  | $ | 111 |  |  | $ | 105 |  |  | $ | 64 |
Earnings per common share: |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |
Income from continuing operations | $ | 1.04 |  |  | $ | 0.23 |  |  | $ | 0.33 |  |  | $ | 0.32 |  |  | $ | 0.17 |
Net income | $ | 1.03 |  |  | $ | 0.22 |  |  | $ | 0.33 |  |  | $ | 0.30 |  |  | $ | 0.18 |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations | $ | 1.03 |  |  | $ | 0.22 |  |  | $ | 0.32 |  |  | $ | 0.31 |  |  | $ | 0.17 |
Net income | $ | 1.02 |  |  | $ | 0.22 |  |  | $ | 0.32 |  |  | $ | 0.30 |  |  | $ | 0.18 |
Earnings per common share amounts for the four quarters of December 31, 2016 and 2015 may not total to the earnings per common share amounts for the years ended December 31, 2016 and 2015 due to the allocation of income to participating securities.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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