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INTERIM FINANCIAL INFORMATION (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Schedule of interim financial information | 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 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1280-108306 + Details
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