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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,764 $ 1,839 $ 3,345 $ 3,352
Cost of sales 1,136 1,166 2,170 2,157
Gross profit 628 673 1,175 1,195
Selling, general and administrative expenses 289 326 611 642
Impairment charge for other intangible assets 0 0 0 9
Operating profit 339 347 564 544
Other income (expense), net:        
Interest expense (35) (41) (70) (80)
Other, net (2) (3) (18) (8)
Total other income (expense), net (37) (44) (88) (88)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 302 303 476 456
Income tax expense 82 80 115 115
Income from continuing operations 220 223 361 341
Income from discontinued operations, net 14 29 411 38
Net income 234 252 772 379
Less: Net income attributable to noncontrolling interest 10 12 18 23
Net income attributable to Masco Corporation $ 224 $ 240 $ 754 $ 356
Basic:        
Income from continuing operations (in dollars per share) $ 0.80 $ 0.73 $ 1.27 $ 1.09
(Loss) income from discontinued operations, net (in dollars per share) 0.05 0.10 1.53 0.13
Net income (in dollars per share) 0.85 0.82 2.80 1.22
Diluted:        
Income from continuing operations (in dollars per share) 0.80 0.72 1.27 1.08
(Loss) income from discontinued operations, net (in dollars per share) 0.05 0.10 1.53 0.13
Net income (in dollars per share) $ 0.85 $ 0.82 $ 2.80 $ 1.21
Amounts attributable to Masco Corporation:        
Income from continuing operations $ 210 $ 211 $ 343 $ 318
Income from discontinued operations, net $ 14 $ 29 $ 411 $ 38