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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016
Income Statement [Abstract] |  |  |  |
Net sales | $ 1,936 | $ 1,877 | $ 5,770 | $ 5,598
Cost of sales | 1,286 | 1,263 | 3,775 | 3,715
Gross profit | 650 | 614 | 1,995 | 1,883
Selling, general and administrative expenses | 355 | 345 | 1,090 | 1,045
Operating profit | 295 | 269 | 905 | 838
Other income (expense), net: |  |  |  |
Interest expense | (43) | (43) | (239) | (186)
Other, net | 4 | 1 | 58 | 5
Total other income (expense), net | (39) | (42) | (181) | (181)
Income before income taxes | 256 | 227 | 724 | 657
Income tax expense | 96 | 81 | 243 | 229
Net income | 160 | 146 | 481 | 428
Less: Net income attributable to noncontrolling interest | 12 | 12 | 35 | 35
Net income attributable to Masco Corporation | $ 148 | $ 134 | $ 446 | $ 393
Basic: |  |  |  |
Net income (in dollars per share) | $ 0.47 | $ 0.41 | $ 1.40 | $ 1.18
Diluted: |  |  |  |
Net income (in dollars per share) | $ 0.46 | $ 0.40 | $ 1.38 | $ 1.17

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