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INTERIM FINANCIAL INFORMATION (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2019
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
2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 6,707 |  |  | $ | 1,639 |  |  | $ | 1,716 |  |  | $ | 1,839 |  |  | $ | 1,513 |
Gross profit |  | $ | 2,371 |  |  | $ | 565 |  |  | $ | 611 |  |  | $ | 673 |  |  | $ | 522 |
Income from continuing operations |  | $ | 639 |  |  | $ | 158 |  |  | $ | 163 |  |  | $ | 211 |  |  | $ | 107 |
Net income (1) |  | $ | 935 |  |  | $ | 453 |  |  | $ | 126 |  |  | $ | 240 |  |  | $ | 116 |
Income per common share: |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 2.21 |  |  | $ | 0.56 |  |  | $ | 0.57 |  |  | $ | 0.73 |  |  | $ | 0.36 |
Net income |  | $ | 3.24 |  |  | $ | 1.60 |  |  | $ | 0.44 |  |  | $ | 0.82 |  |  | $ | 0.39 |
Diluted: |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 2.20 |  |  | $ | 0.56 |  |  | $ | 0.56 |  |  | $ | 0.72 |  |  | $ | 0.36 |
Net income |  | $ | 3.22 |  |  | $ | 1.59 |  |  | $ | 0.44 |  |  | $ | 0.82 |  |  | $ | 0.39 |
2018 |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 6,654 |  |  | $ | 1,635 |  |  | $ | 1,665 |  |  | $ | 1,838 |  |  | $ | 1,516 |
Gross profit |  | $ | 2,327 |  |  | $ | 568 |  |  | $ | 570 |  |  | $ | 648 |  |  | $ | 541 |
Income from continuing operations |  | $ | 636 |  |  | $ | 172 |  |  | $ | 150 |  |  | $ | 178 |  |  | $ | 136 |
Net income |  | $ | 734 |  |  | $ | 194 |  |  | $ | 180 |  |  | $ | 211 |  |  | $ | 149 |
Income per common share: |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 2.06 |  |  | $ | 0.57 |  |  | $ | 0.49 |  |  | $ | 0.58 |  |  | $ | 0.43 |
Net income |  | $ | 2.38 |  |  | $ | 0.65 |  |  | $ | 0.59 |  |  | $ | 0.69 |  |  | $ | 0.48 |
Diluted: |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 2.05 |  |  | $ | 0.57 |  |  | $ | 0.49 |  |  | $ | 0.57 |  |  | $ | 0.43 |
Net income |  | $ | 2.37 |  |  | $ | 0.64 |  |  | $ | 0.58 |  |  | $ | 0.68 |  |  | $ | 0.47 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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