Dollars in Millions (Except Per Common Share Data)
2017
2016
2015
2014
2013
Net Sales (1)
$
7,644
$
7,357
$
7,142
$
7,006
$
6,761
Operating profit (1)
1,169
1,053
914
721
612
Income from continuing operations attributable to Masco Corporation (1)(2)
533
491
357
821
259
Income per common share from continuing operations:
Basic
$
1.68
$
1.49
$
1.04
$
2.31
$
0.72
Diluted
1.66
1.47
1.03
2.28
0.72
Dividends declared
0.410
0.390
0.370
0.345
0.300
Dividends paid
0.405
0.385
0.365
0.330
0.300
At December 31:
Total assets (3)
$
5,488
$
5,137
$
5,664
$
7,208
$
6,885
Long-term debt (3)
2,969
2,995
2,403
2,919
3,421
Shareholders' equity (deficit) (4)
176
(103
)
58
1,128
787
(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.
(3)
Total assets and long-term debt for the years 2013 and 2014 have not been recasted for the impact of the adoption of Accounting Standards Update 2015‑03 “Interest - Imputation of Interest (Subtopic 835-30) - Simplifying the Presentation of Debt Issuance Costs,” as amended by Accounting Standards Update 2015-15, which required the reclassification of certain debt issuance costs from an asset to a liability.
(4)
The decrease in shareholder's equity (deficit) from 2014 to 2015 relates primarily to the spin off of TopBuild Corp.
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