Dollars in Millions (Except Per Common Share Data)
2019
2018
2017
2016
2015
Net sales (1)(2)
$
6,707
$
6,654
$
6,014
$
5,754
$
5,513
Operating profit (1)(2)(3)
1,088
1,077
1,029
986
798
Income from continuing operations attributable to Masco Corporation (1)(2)
639
636
426
426
282
Income per common share from continuing operations (1)(2):
Basic
$
2.21
$
2.06
$
1.34
$
1.29
$
0.82
Diluted
2.20
2.05
1.33
1.28
0.81
Dividends declared
0.510
0.450
0.410
0.390
0.370
Dividends paid
0.495
0.435
0.405
0.385
0.365
At December 31:
Total assets (2)
$
5,027
$
5,393
$
5,534
$
5,164
$
5,664
Long-term debt
2,771
2,971
2,969
2,995
2,403
Shareholders' (deficit) equity (2)
(56
)
69
183
(96
)
58
(1)
Amounts exclude discontinued operations for all periods presented. Refer to Note B to the consolidated financial statements for further details.
(2)
Net sales, operating profit, income from continuing operations attributable to Masco Corporation, income per common share from continuing operations, total assets and shareholders' equity for 2015 has not been recast for the impact of the adoption of Accounting Standards Codification 606.
(3)
Operating profit for 2015 has not been recast for the impact of the adoption of Accounting Standards Update 2017-07, "Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost."
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