SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2018

In May 2017, our Board of Directors authorized the repurchase, for retirement, of up to $1.5 billion of shares of our common stock in open-market transactions or otherwise. During 2018, we repurchased and retired 18.6 million shares of our common stock (including 0.7 million shares to offset the dilutive impact of long-term stock awards granted in 2018), for cash aggregating $654 million. At December 31, 2018, we had $636 million remaining under the 2017 authorization. During 2017, we repurchased and retired 9.2 million shares of our common stock (including 0.9 million shares to offset the dilutive impact of long-term stock awards granted in 2017) for cash aggregating $331 million. During 2016, we repurchased and retired 14.9 million shares of our common stock (including 1.1 million shares to offset the dilutive impact of long-term stock awards granted in 2016) for cash aggregating $459 million.

On the basis of amounts paid (declared), cash dividends per common share were $0.435 ($0.450) in 2018, $0.405 ($0.410) in 2017 and $0.385 ($0.390) in 2016.

N. SHAREHOLDERS' EQUITY (Concluded)

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



	At December 31
	2018			2017
Cumulative translation adjustments, net	$	266		$	282
Unrealized loss on interest rate swaps, net	(10		)	(12		)
Unrecognized net loss and prior service cost, net	(383		)	(335		)
Accumulated other comprehensive loss	$	(127	)	$	(65	)

The cumulative translation adjustment, net, is reported net of income tax benefit of $2 million at December 31, 2018. The unrealized loss on interest rate swaps, net, is reported net of income tax expense of $4 million at both December 31, 2018 and 2017. The unrecognized net loss and prior service cost, net, is reported net of income tax benefit of $98 million and $154 million at December 31, 2018 and 2017, respectively.