Item 16. Form 10-K Summary

5K characters. Original on sec.gov · Markdown

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 7, 2019

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 J. AllmanPresident and Chief Executive Officer and Director
Keith J. Allman
Principal Financial Officer:
/s/ John G. SznewajsVice President, Chief Financial Officer
John G. Sznewajs
Principal Accounting Officer:
/s/ John P. LindowVice President, Controller and Chief Accounting Officer
John P. Lindow
/s/ J. Michael LoshChairman of the Board
J. Michael Losh
/s/ Richard A. ManoogianChairman Emeritus
Richard A. Manoogian
/s/ Mark R. AlexanderDirector
Mark R. AlexanderFebruary 7, 2019
/s/ Marie A. FfolkesDirector
Marie A. Ffolkes
/s/ Christopher A. O'HerlihyDirector
Christopher A. O'Herlihy
/s/ Donald R. ParfetDirector
Donald R. Parfet
/s/ Lisa A. PayneDirector
Lisa A. Payne
/s/ John C. PlantDirector
John C. Plant
/s/ Charles K. Stevens, III
Charles K. Stevens, IIIDirector
/s/ Reginald M. Turner, Jr.Director
Reginald M. Turner, Jr.

MASCO CORPORATION

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended December 31, 2018, 2017 and 2016

(In Millions)
Column AColumn BColumn CColumn DColumn E
Additions
DescriptionBalance at Beginning of PeriodCharged to Costs and ExpensesCharged to Other AccountsDeductionsBalance at End of Period
Allowances for doubtful accounts, deducted from accounts receivable in the balance sheet:
2018$13$6$—$(5)(a)$14
2017$11$5$—$(3)(a)$13
2016$11$4$—$(4)(a)$11
Valuation allowance on deferred tax assets:
2018$47$—$—$(4)(b)$43
2017$45$—$2(c)$—$47
2016$49$11$—$(15)(d)$45
(a)Deductions, representing uncollectible accounts written off, less recoveries of accounts written off in prior years.
(b)$3 million net reduction to valuation allowance recorded as an income tax benefit and $1 million reduction recorded primarily in other comprehensive income (loss).
(c)$2 million adjustment to the valuation allowance was recorded primarily in other comprehensive income (loss).
(d)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).

Previous: Item 15. Exhibits and Financial Statement Schedules.