Item 16. Form 10-K Summary
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Item 16. Form 10-K Summary
The optional summary in Item 16 has not been included in this Form 10-K.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| MASCO CORPORATION | ||
| By: | /s/ John G. Sznewajs | |
| John G. Sznewajs Vice President, Chief Financial Officer |
February 8, 2018
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the date indicated.
| Principal Executive Officer: | ||||
| /s/ Keith Allman | President, and Chief Executive Officer and Director | |||
| Keith Allman | ||||
| Principal Financial Officer: | ||||
| /s/ John G. Sznewajs | Vice President, Chief Financial Officer | |||
| John G. Sznewajs | ||||
| Principal Accounting Officer: | ||||
| /s/ John P. Lindow | Vice President, Controller and Chief Accounting Officer | |||
| John P. Lindow | ||||
| /s/ J. Michael Losh | Chairman of the Board | |||
| J. Michael Losh | ||||
| /s/ Richard A. Manoogian | Chairman Emeritus | |||
| Richard A. Manoogian | ||||
| /s/ Mark R. Alexander | Director | |||
| Mark R. Alexander | February 8, 2018 | |||
| /s/ Marie A. Ffolkes | Director | |||
| Marie A. Ffolkes | ||||
| /s/ Christopher A. O'Herlihy | Director | |||
| Christopher A. O'Herlihy | ||||
| /s/ Donald R. Parfet | Director | |||
| Donald R. Parfet | ||||
| /s/ Lisa A. Payne | Director | |||
| Lisa A. Payne | ||||
| /s/ John C. Plant | Director | |||
| John C. Plant | ||||
| /s/ Charles K. Stevens, III | ||||
| Charles K. Stevens, III | Director | |||
| /s/ Reginald M. Turner, Jr. | Director | |||
| Reginald M. Turner, Jr. | ||||
| /s/ Mary Ann Van Lokeren | Director | |||
| Mary Ann Van Lokeren |
MASCO CORPORATION
SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS
For the Years Ended December 31, 2017, 2016 and 2015
| (In Millions) | ||||||||||||||||||||||
| Column A | Column B | Column C | Column D | Column E | ||||||||||||||||||
| Additions | ||||||||||||||||||||||
| Description | Balance at Beginning of Period | Charged to Costs and Expenses | Charged to Other Accounts | Deductions | Balance at End of Period | |||||||||||||||||
| Allowances for doubtful accounts, deducted from accounts receivable in the balance sheet (e): | ||||||||||||||||||||||
| 2017 | $ | 11 | $ | 5 | $ | — | $ | (3 | ) | (a) | $ | 13 | ||||||||||
| 2016 | $ | 11 | $ | 4 | $ | — | $ | (4 | ) | (a) | $ | 11 | ||||||||||
| 2015 | $ | 14 | $ | 4 | $ | — | $ | (7 | ) | (a) | $ | 11 | ||||||||||
| Valuation allowance on deferred tax assets: | ||||||||||||||||||||||
| 2017 | $ | 45 | $ | — | $ | 2 | (b) | $ | — | $ | 47 | |||||||||||
| 2016 | $ | 49 | $ | 11 | $ | — | $ | (15 | ) | (c) | $ | 45 | ||||||||||
| 2015 | $ | 66 | $ | 36 | $ | — | $ | (53 | ) | (d) | $ | 49 |
| (a) | Deductions, representing uncollectible accounts written off, less recoveries of accounts written off in prior years. |
| (b) | $2 million adjustment to the valuation allowance was recorded primarily in other comprehensive income (loss). |
| (c) | Write off $13 million of deferred tax assets on certain state and local net operating loss carryforwards against the valuation allowance, as it was determined that there was only a remote likelihood that such carryforwards could be utilized; and, $2 million adjustment to the valuation allowance was recorded primarily in other comprehensive income (loss). |
| (d) | Valuation allowance on deferred tax assets allocated to TopBuild due to its spin off into a separate stand-alone company on June 30, 2015. |
| (e) | Amounts exclude discontinued operations. |
Previous: Item 15. Exhibits and Financial Statement Schedules.
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