Dollars in Millions (Except Per Common Share Data)
2016
2015
2014
2013
2012
Net Sales (1)
$
7,357
$
7,142
$
7,006
$
6,761
$
6,286
Operating profit (1)(3)
1,053
914
721
612
384
Income from continuing operations attributable to Masco Corporation (1)(2)(3)
491
357
821
259
54
Income per common share from continuing operations:
Basic
$
1.49
$
1.04
$
2.31
$
0.72
$
0.15
Diluted
1.47
1.03
2.28
0.72
0.15
Dividends declared
0.390
0.370
0.345
0.300
0.300
Dividends paid
0.385
0.365
0.330
0.300
0.300
At December 31:
Total assets (4)
$
5,137
$
5,664
$
7,208
$
6,885
$
6,842
Long-term debt (4)
2,995
2,403
2,919
3,421
3,422
Shareholders' (deficit) equity (5)
(103
)
58
1,128
787
542
(1)
Amounts exclude discontinued operations. Refer to Note B to the consolidated financial statements for additional information.
(2)
The year 2014 includes a $529 million tax benefit from the release of the valuation allowance on deferred tax assets. Refer to Note S to the consolidated financial statements for additional information.
(3)
The year 2012 includes non-cash impairment charges for other intangible assets aggregating $27 million after tax ($42 million pre-tax).
(4)
Total assets and long-term debt for the years 2012-2014 have not been recasted for the impact of the adoption of Accounting Standards Update 2015-03, as amended by Accounting Standards Update 2015-15, which required the reclassification of certain debt issuance costs from an asset to a liability. Refer to Note A to the consolidated financial statements for additional information.
(5)
The decrease in shareholder's (deficit) equity from 2014 to 2015 relates primarily to the spin off of TopBuild.
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