| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||||
6,707 | 6,654 | 6,014 | 7,361 | 7,142 | 7,006 | 6,761 | 7,495 | 7,170 | 7,183 | 7,657 | 9,484 | 11,413 |
Cost of sales | ||||||||||||
4,336 | 4,327 | 3,794 | 4,899 | 4,889 | 4,946 | 4,802 | 5,539 | 5,383 | 5,381 | 5,647 | 7,125 | 8,280 |
Gross profit | ||||||||||||
2,371 | 2,327 | 2,220 | 2,462 | 2,253 | 2,060 | 1,959 | 1,956 | 1,787 | 1,802 | 2,010 | 2,359 | 3,133 |
Selling, general and administrative expenses | ||||||||||||
1,274 | 1,250 | 1,191 | 1,375 | 1,339 | 1,347 | 1,347 | 1,535 | 1,543 | 1,570 | 1,678 | 1,802 | 1,953 |
Income from litigation settlements | ||||||||||||
- | - | - | - | - | 9 | - | -77 | -9 | - | - | - | - |
Impairment charge for other intangible assets | ||||||||||||
9 | 0 | 0 | - | - | 1 | - | 42 | 450 | 698 | 262 | 467 | 119 |
Operating Income (Loss) | ||||||||||||
1,088 | 1,077 | 1,029 | 1,087 | 914 | 721 | 612 | 302 | -215 | -466 | 70 | 90 | 1,061 |
Other income (expense), net: | ||||||||||||
Interest expense | ||||||||||||
159 | 156 | 279 | 229 | 225 | 225 | 235 | 254 | 254 | 251 | 225 | 228 | 258 |
Impairment charges for financial investments | ||||||||||||
- | - | - | - | - | - | - | - | - | 34 | 10 | 58 | 22 |
Other, net | ||||||||||||
-15 | -14 | -32 | -26 | 0 | 11 | 9 | 25 | 77 | 6 | 29 | 3 | 95 |
Nonoperating Income (Expense) | ||||||||||||
-174 | -170 | -311 | -255 | -225 | -214 | -226 | -229 | -177 | -279 | -206 | -283 | -185 |
Income from continuing operations before income taxes | ||||||||||||
914 | 907 | 718 | 832 | 689 | 507 | 386 | 73 | -392 | -745 | -136 | -193 | 876 |
Income Tax Expense (Benefit) | ||||||||||||
230 | 221 | 245 | 296 | 293 | -361 | 86 | 91 | -40 | 241 | -44 | 134 | 337 |
Income from continuing operations | ||||||||||||
684 | 686 | 473 | - | 396 | 868 | 300 | -18 | -352 | -986 | -92 | -327 | 539 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||||
980 | 784 | 580 | 536 | 394 | 903 | 329 | -79 | -533 | -1,002 | -145 | -352 | 423 |
Less: Net income attributable to noncontrolling interest | ||||||||||||
45 | 50 | 47 | 43 | 39 | 47 | 41 | 35 | 42 | 41 | -38 | 39 | 37 |
Net income attributable to Masco Corporation | ||||||||||||
935 | 734 | 533 | 493 | 355 | 856 | 288 | -114 | -575 | -1,043 | -183 | -391 | 386 |
Earnings Per Share [Abstract] | ||||||||||||
Basic: | ||||||||||||
Income from continuing operations (in dollars per share) | ||||||||||||
2.21 | 2.06 | 1.34 | - | 1.04 | 2.31 | 0.72 | -0.16 | -1.14 | -2.95 | -0.38 | -1.06 | 1.33 |
(Loss) income from discontinued operations, net (in dollars per share) | ||||||||||||
1.03 | 0.32 | 0.34 | - | -0.01 | 0.10 | 0.08 | -0.17 | -0.52 | -0.05 | -0.15 | -0.07 | -0.31 |
Net income (in dollars per share) | ||||||||||||
3.24 | 2.38 | 1.68 | 1.49 | 1.03 | 2.40 | 0.80 | -0.33 | -1.66 | -3.00 | -0.53 | -1.13 | 1.02 |
Diluted: | ||||||||||||
Income from continuing operations (in dollars per share) | ||||||||||||
2.20 | 2.05 | 1.33 | - | 1.03 | 2.28 | 0.72 | -0.16 | -1.14 | -2.95 | -0.38 | -1.06 | 1.32 |
(Loss) income from discontinued operations, net (in dollars per share) | ||||||||||||
1.02 | 0.32 | 0.33 | - | -0.01 | 0.10 | 0.08 | -0.17 | -0.52 | -0.05 | -0.15 | -0.07 | -0.31 |
Net income (in dollars per share) | ||||||||||||
3.22 | 2.37 | 1.66 | 1.48 | 1.02 | 2.38 | 0.80 | -0.33 | -1.66 | -3.00 | -0.53 | -1.13 | 1.02 |
Amounts attributable to Masco Corporation: | ||||||||||||
Income from continuing operations | ||||||||||||
639 | 636 | 426 | - | 357 | 821 | 259 | -53 | -394 | -1,027 | -130 | -366 | 502 |
Income from discontinued operations, net | ||||||||||||
296 | 98 | 107 | - | -2 | 35 | 29 | -61 | -181 | -16 | -53 | -25 | -116 |
Loss from discontinued operations, net | ||||||||||||
296 | 98 | 107 | - | -2 | 35 | 29 | -61 | -181 | -16 | -53 | -25 | -116 |
Net income attributable to Masco Corporation | ||||||||||||
935 | 734 | 533 | 493 | 355 | 856 | 288 | -114 | -575 | -1,043 | -183 | -391 | 386 |