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INTERIM FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
INTERIM FINANCIAL INFORMATION (UNAUDITED) INTERIM FINANCIAL INFORMATION (UNAUDITED)
Our quarterly results attributable to Masco Corporation were as follows:
Quarters Ended
 (In Millions, Except Per Common Share Data)
 Total YearDecember 31September 30June 30March 31
2020    
Net sales$7,188 $1,860 $1,983 $1,764 $1,581 
Gross profit$2,587 $660 $752 $628 $547 
Income from continuing operations$810 $192 $275 $210 $133 
Net income (1)
$1,224 $195 $275 $224 $530 
Income per common share:
Basic:
Income from continuing operations          $3.05 $0.74 $1.05 $0.80 $0.49 
Net income$4.60 $0.75 $1.05 $0.85 $1.93 
Diluted:
Income from continuing operations          $3.04 $0.73 $1.05 $0.80 $0.48 
Net income$4.59 $0.74 $1.05 $0.85 $1.92 
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 (2)
$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 
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(1)Net income includes $397 million of income from discontinued operations, net for the quarter ended March 31, 2020, which includes the gain on the sale of the Cabinetry divestiture.
(2)Net income includes $295 million and $(37) million of income (loss) from discontinued operations, net for the quarters ended December 31, 2019 and September 30, 2019, respectively, which includes the gain (loss) on the sale of the Milgard and UKWG divestitures, respectively.
Income per common share amounts for the four quarters of December 31, 2020 and 2019 may not total to the income per common share amounts for the years ended December 31, 2020 and 2019 due to the allocation of income to participating securities.