filings.toolsItem 6. Selected Financial Data.
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Item 6. Selected Financial Data.
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| Dollars in Millions (Except Per Common Share Data) | ||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||
| Net Sales (1) | $ | 7,142 | $ | 7,006 | $ | 6,761 | $ | 6,286 | $ | 6,093 | ||||||
| Operating profit (loss) (1)(3)(4) | 914 | 721 | 612 | 384 | (153 | ) | ||||||||||
| Income (loss) from continuing operations attributable to Masco Corporation (1)(2)(3)(4) | 357 | 821 | 259 | 54 | (297 | ) | ||||||||||
| Income (loss) per common share from continuing operations: | ||||||||||||||||
| Basic | $ | 1.04 | $ | 2.31 | $ | .72 | $ | .15 | $ | (.86 | ) | |||||
| Diluted | 1.03 | 2.28 | .72 | .15 | (.86 | ) | ||||||||||
| Dividends declared | .370 | .345 | .300 | .300 | .300 | |||||||||||
| Dividends paid | .365 | .330 | .300 | .300 | .300 | |||||||||||
| At December 31: | ||||||||||||||||
| Total assets | $ | 5,680 | $ | 7,208 | $ | 6,885 | $ | 6,842 | $ | 7,294 | ||||||
| Long-term debt | 2,418 | 2,919 | 3,421 | 3,422 | 3,222 | |||||||||||
| Shareholders' equity (5) | 58 | 1,128 | 787 | 542 | 750 |
(1)
Amounts exclude discontinued operations.
(2)
The year 2014 includes a $529 million tax benefit from the release of the valuation allowance on deferred tax assets.
(3)
The year 2012 includes non-cash impairment charges for other intangible assets aggregating $27 million after tax ($42 million pre-tax).
(4)
The year 2011 includes non-cash impairment charges for goodwill and other intangible assets aggregating $291 million after tax ($450 million pre-tax).
(5)
The decrease in shareholder's equity from 2014 to 2015 relates primarily to the spin off of TopBuild Corp.
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