INTERIM FINANCIAL INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2020

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
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.