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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,983 $ 1,716 $ 5,328 $ 5,068
Cost of sales 1,231 1,105 3,401 3,262
Gross profit 752 611 1,927 1,806
Selling, general and administrative expenses 328 322 939 964
Impairment charge for other intangible assets 0 0 0 9
Operating profit 424 289 988 833
Other income (expense), net:        
Interest expense (40) (39) (110) (119)
Other, net (4) (9) (22) (17)
Total other income (expense), net (44) (48) (132) (136)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 380 241 856 697
Income tax expense 87 66 202 181
Income from continuing operations 293 175 654 516
(Loss) income from discontinued operations, net 0 (37) 411 1
Net income 293 138 1,065 517
Less: Net income attributable to noncontrolling interest 18 12 36 35
Net income attributable to Masco Corporation $ 275 $ 126 $ 1,029 $ 482
Basic:        
Income from continuing operations (in dollars per share) $ 1.05 $ 0.57 $ 2.31 $ 1.66
(Loss) income from discontinued operations, net (in dollars per share) 0 (0.13) 1.54 0
Net income (in dollars per share) 1.05 0.44 3.85 1.66
Diluted:        
Income from continuing operations (in dollars per share) 1.05 0.56 2.31 1.65
(Loss) income from discontinued operations, net (in dollars per share) 0 (0.12) 1.54 0
Net income (in dollars per share) $ 1.05 $ 0.44 $ 3.85 $ 1.65
Amounts attributable to Masco Corporation:        
Income from continuing operations $ 275 $ 163 $ 618 $ 481
(Loss) income from discontinued operations, net $ 0 $ (37) $ 411 $ 1