XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net sales $ 7,188 $ 6,707 $ 6,654
Cost of sales 4,601 4,336 4,327
Gross profit 2,587 2,371 2,327
Selling, general and administrative expenses 1,292 1,274 1,250
Impairment charge for other intangible assets 0 9 0
Operating profit 1,295 1,088 1,077
Other income (expense), net:      
Interest expense (144) (159) (156)
Other, net (20) (15) (14)
Other income (expense), net (164) (174) (170)
Income from continuing operations before income taxes 1,131 914 907
Income tax expense 269 230 221
Income from continuing operations 862 684 686
Income from discontinued operations, net 414 296 98
Net income 1,276 980 784
Less: Net income attributable to noncontrolling interest 52 45 50
Net income attributable to Masco Corporation $ 1,224 $ 935 $ 734
Basic:      
Income from continuing operations (in dollars per share) $ 3.05 $ 2.21 $ 2.06
Income from discontinued operations, net (in dollars per share) 1.55 1.03 0.32
Net income, basic (in dollars per share) 4.60 3.24 2.38
Diluted:      
Income from continuing operations (in dollars per share) 3.04 2.20 2.05
Income from discontinued operations, net (in dollars per share) 1.55 1.02 0.32
Net income, diluted (in dollars per share) $ 4.59 $ 3.22 $ 2.37
Amounts attributable to Masco Corporation:      
Income from continuing operations $ 810 $ 639 $ 636
Income from discontinued operations, net $ 414 $ 296 $ 98