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Tables in the 10-K of MASCO CORP /DE/

76 tables with numbers, filed Feb 8, 2022. Each one downloads as an Excel file or a CSV (numbers are stored as numbers), with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

← Filings of MAS

Table 1 after “TABLE OF CONTENTS”

ItemPage
PART I
1.Business2
1A.Risk Factors8
1B.Unresolved Staff Comments15
2.Properties15
3.Legal Proceedings16
4.Mine Safety Disclosures16

First 8 of 27 rows. The download has all of them.

Table 2 after “The table below lists principal North American properties as of December 31, 2021.”

Business SegmentManufacturingWarehouse and Distribution
Plumbing Products2211
Decorative Architectural Products819
Totals3030

Table 3 after “The table below lists principal properties outside of North America as of December 31, 2021.”

Business SegmentManufacturingWarehouse and Distribution
Plumbing Products1017
Decorative Architectural Products——
Totals1017

Table 4 after “The following table provides information regarding the repurchase of our common stock for the three-month period ended December 31, 2021.”

PeriodTotal Number of Shares PurchasedAverage Price Paid Per Common ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsMaximum Value of Shares That May Yet Be Purchased Under the Plans or Programs
10/1/21 - 10/31/21886,339$56.42886,339$1,226,445,766
11/1/21 - 11/30/21479,801$66.70479,801$1,194,441,196
12/1/21 - 12/31/21978,015$67.49978,015$1,128,431,724
Total for the quarter2,344,155$63.152,344,155$1,128,431,724

Table 5 after “The table below sets forth the value, as of December 31 for each of the years indicated, of a $100 investment made on December 31, 2016 in e”

20172018201920202021
Masco$138.96$92.47$151.77$173.72$222.07
S&P 500 Index$119.42$111.97$144.31$167.77$212.89
S&P Industrials Index$118.54$100.76$127.79$139.30$166.33
S&P Consumer Durables & Apparel Index$116.59$101.07$133.69$158.30$191.45

Table 6 after “Below is a summary of our net sales, in millions, for the years ended December 31, 2021 and 2020:”

Year Ended December 31,
20212020Favorable / (Unfavorable)
Net sales, as reported$8,375$7,188$1,187
Acquisitions(231)—(231)
Divestitures—(43)43
Net sales, excluding acquisitions and divestitures8,1447,145999
Currency translation(98)—(98)
Net sales, excluding acquisitions, divestitures and the effect of currency translation$8,046$7,145$901

Table 7 after “Below is a summary of our gross profit, in millions, and gross margin for the years ended December 31, 2021 and 2020:”

Year Ended December 31,
20212020Favorable / (Unfavorable)
Gross profit$2,863$2,587$276
Gross margin34.2%36.0%(180) bps

Table 8 after “Below is a summary of our selling, general and administrative expenses, in millions, and selling, general and administrative expenses as a p”

Year Ended December 31,
20212020(Favorable) / Unfavorable
Selling, general and administrative expenses$1,413$1,292$121
Selling, general and administrative expenses as percentage of net sales16.9%18.0%(110) bps

Table 9 after “Below is a summary of our operating profit, in millions, and operating profit margins for the years ended December 31, 2021 and 2020:”

Year Ended December 31,
20212020Favorable / (Unfavorable)
Operating profit, as reported$1,405$1,295$110
Rationalization charges411(7)
Impairment charge for goodwill45—45
Operating profit, excluding rationalization charges and impairment charge$1,454$1,306$148
Operating profit margins, as reported16.8%18.0%(120) bps
Operating profit margins, excluding rationalization charges and impairment charge17.4%18.2%(80) bps

Table 10 after “Below is a summary of our interest expense, in millions, for the years ended December 31, 2021 and 2020:”

Year Ended December 31,
20212020Favorable / (Unfavorable)
Interest expense$(278)$(144)$(134)

Table 11 after “Below is a summary of our other, net, in millions, for the years ended December 31, 2021 and 2020:”

Year Ended December 31,
20212020Favorable / (Unfavorable)
Other, net$(439)$(20)$(419)

Table 12 after “Below is a summary of our income tax expense, in millions, and our effective tax rate for the years ended December 31, 2021 and 2020:”

Year Ended December 31,
20212020(Favorable) / Unfavorable
Income tax expense$210$269$(59)
Effective tax rate31%24%7%

Table 13 after “Below is a summary of our income and diluted income per common share from continuing operations, in millions, except per share data, for the”

Year Ended December 31,
20212020Favorable / (Unfavorable)
Income from continuing operations$410$810$(400)
Diluted income per common share from continuing operations$1.62$3.04$(1.42)

Table 14 after “The following table sets forth our net sales and operating profit information for our continuing operations by Business Segment and Geograph”

Year Ended December 31,PercentChange
202120202021 vs. 2020
Net Sales:
Plumbing Products$5,135$4,13624%
Decorative Architectural Products3,2403,0526%
Total$8,375$7,18817%
North America$6,624$5,80514%
International, principally Europe1,7511,38327%

First 8 of 9 rows. The download has all of them.

Table 15 after “The following table sets forth our net sales and operating profit information for our continuing operations by Business Segment and Geograph”

Year Ended December 31,PercentChange
202120202021 vs. 2020
Operating Profit: (A)
Plumbing Products$929$80615%
Decorative Architectural Products581583—%
Total$1,510$1,3899%
North America$1,214$1,1674%
International, principally Europe29622233%

First 8 of 11 rows. The download has all of them.

Table 16 after “Significant sources and (uses) of cash for the years ended December 31, 2021 and 2020 are summarized as follows, in millions:”

20212020
Net cash from operating activities$930$953
Retirement of notes(1,326)(400)
Purchase of Company common stock(1,026)(727)
Cash dividends paid(211)(145)
Dividends paid to noncontrolling interest(43)(23)
Capital expenditures(128)(114)
Debt extinguishment costs(160)(5)

First 8 of 20 rows. The download has all of them.

Table 17 after “Our working capital days were as follows:”

At December 31,
20212020
Receivable days5154
Inventory days8572
Accounts payable days6671
Working capital (receivables plus inventories, less accounts payable) as a percentage of net sales16.0%15.6%

Table 18 after “The following table provides payment obligations related to current contracts at December 31, 2021, in millions:”

Payments Due by Period
20222023-20242025-2026Beyond 2026OtherTotal
Debt (A)$10$8$5$2,947$—$2,970
Interest (A)97194193833—1,317
Operating leases44684995—256
Currently payable income taxes34————34
Purchase commitments (B)4864949——584
Uncertain tax positions, including interest and penalties (C)————9292

First 8 of 9 rows. The download has all of them.

Table 19 after “(In Millions, Except Share Data)”

20212020
ASSETS
Current Assets:
Cash and cash investments$926$1,326
Receivables1,1711,138
Inventories1,216876
Prepaid expenses and other109149
Total current assets3,4223,489

First 8 of 37 rows. The download has all of them.

Table 20 after “(In Millions, Except Per Common Share Data)”

202120202019
Net sales$8,375$7,188$6,707
Cost of sales5,5124,6014,336
Gross profit2,8632,5872,371
Selling, general and administrative expenses1,4131,2921,274
Impairment charges for goodwill and other intangible assets45—9
Operating profit1,4051,2951,088
Other income (expense), net:

First 8 of 31 rows. The download has all of them.

Table 21 after “(In Millions)”

202120202019
Net income$478$1,276$980
Less: Net income attributable to noncontrolling interest685245
Net income attributable to Masco Corporation$410$1,224$935
Other comprehensive income (loss), net of tax (Note P):
Cumulative translation adjustment$(32)$72$6
Interest rate swaps712
Pension and other post-retirement benefits384(18)(64)

First 8 of 17 rows. The download has all of them.

Table 22 after “(In Millions)”

202120202019
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES:
Net income$478$1,276$980
Depreciation and amortization151133159
Fair value adjustment to contingent earnout obligation16——
Display amortization—212
Deferred income taxes(68)(3)(41)
Employee withholding taxes paid on stock-based compensation152523

First 8 of 46 rows. The download has all of them.

Table 23 after “(In Millions, Except Per Common Share Data)”

TotalCommonShares($1 par value)Paid-In CapitalRetained (Deficit) EarningsAccumulated Other Comprehensive (Loss) IncomeNoncontrolling Interest
Balance, January 1, 2019$69$294$—$(278)$(127)$180
Total comprehensive income (loss)924——935(52)41
Shares issued15312———
Shares retired:
Repurchased(896)(20)(42)(834)——
Surrendered (non-cash)(10)(1)—(9)——
Cash dividends declared(146)——(146)——

First 8 of 32 rows. The download has all of them.

Table 24 after “The major classes of line items constituting income from discontinued operations, net, in millions:”

Year Ended December 31,
202120202019
Net sales$—$101$1,528
Cost of sales—781,184
Gross profit—23344
Selling, general and administrative expenses—28232
Impairment charge for goodwill (A)——7
Other income (expense), net——1

First 8 of 13 rows. The download has all of them.

Table 25 after “Other selected financial information for Cabinetry, Milgard and UKWG during the period owned by us, were as follows, in millions:”

Year Ended December 31,
202120202019
Depreciation and amortization$—$—$29
Capital expenditures—134
ROU assets obtained in exchange for new lease obligations——3

Table 26 after “Our revenues are derived primarily from sales to customers in North America and Internationally, principally Europe. Net sales from these ge”

Year Ended December 31, 2021
Plumbing ProductsDecorative Architectural ProductsTotal
Primary geographic markets:
North America$3,384$3,240$6,624
International, principally Europe1,751—1,751
Total$5,135$3,240$8,375

Table 27 after “Our revenues are derived primarily from sales to customers in North America and Internationally, principally Europe. Net sales from these ge”

Year Ended December 31, 2020
Plumbing ProductsDecorative Architectural ProductsTotal
Primary geographic markets:
North America$2,753$3,052$5,805
International, principally Europe1,383—1,383
Total$4,136$3,052$7,188

Table 28 after “Our revenues are derived primarily from sales to customers in North America and Internationally, principally Europe. Net sales from these ge”

Year Ended December 31, 2019
Plumbing ProductsDecorative Architectural ProductsTotal
Primary geographic markets:
North America$2,605$2,723$5,328
International, principally Europe1,379—1,379
Total$3,984$2,723$6,707

Table 29 after “Changes in the allowance for credit losses deducted from accounts receivable were as follows, in millions:”

Year Ended December 31,
20212020
Balance at January 1$7$5
Provision for expected credit losses during the period13
Write-offs charged against the allowance(2)(2)
Recoveries of amounts previously written off11
Other (A)(1)—
Balance at end of year$6$7

Table 30 after “The components of inventory were as follows, in millions:”

At December 31,
20212020
Finished goods$702$552
Raw materials383242
Work in process13182
Total$1,216$876

Table 31 after “The components of lease cost included in income from continuing operations were as follows, in millions:”

Year Ended December 31,
202120202019
Operating lease cost$48$47$49
Short-term lease cost876
Variable lease cost433
Finance lease cost:
Amortization of right-of-use assets333
Interest on lease liabilities111

Table 32 after “Supplemental cash flow information related to leases was as follows, in millions:”

Year Ended December 31,
202120202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$47$47$58
Operating cash flows for finance leases111
Financing cash flows for finance leases228
ROU assets obtained in exchange for new lease obligations:
Operating leases (A)672727

First 8 of 9 rows. The download has all of them.

Table 33 after “Certain other information related to leases was as follows:”

At December 31,
202120202019
Weighted-average remaining lease term:
Operating leases9 years10 years10 years
Finance leases9 years10 years11 years
Weighted-average discount rate:
Operating leases4.0%4.4%4.6%
Finance leases3.3%3.3%3.4%

Table 34 after “Supplemental balance sheet information related to leases was as follows, in millions:”

At December 31,
20212020
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Property and equipment, net$—$24$—$27
Notes payable—3—2
Accrued liabilities38—39—
Long-term debt—23—26

Table 35 after “At December 31, 2021, future maturities of lease liabilities were as follows, in millions:”

Operating LeasesFinance Leases
Year ending December 31,
2022$44$3
2023373
2024313
2025264
2026233
Thereafter9514

First 8 of 11 rows. The download has all of them.

Table 36 after “The components of property and equipment, net were as follows, in millions:”

At December 31,
20212020
Land and improvements$67$66
Buildings514522
Computer hardware and software259249
Machinery and equipment1,1991,184
2,0392,021
Less: Accumulated depreciation(1,143)(1,113)

First 8 of 9 rows. The download has all of them.

Table 37 after “Goodwill at December 31, 2021, by segment, was as follows, in millions:”

Gross Goodwill At December 31, 2021Accumulated Impairment LossesNet Goodwill At December 31, 2021
Plumbing Products (A)$662$(340)$322
Decorative Architectural Products366(120)246
Total$1,028$(460)$568

Table 38 after “The changes in the carrying amount of goodwill for years ended December 31, 2021 and 2020, by segment, were as follows, in millions:”

Gross Goodwill At December 31, 2020Accumulated Impairment LossesNet Goodwill At December 31, 2020AcquisitionsPre-tax Impairment ChargeOther (B)Net Goodwill At December 31, 2021
Plumbing Products$613$(340)$273$63$—$(14)$322
Decorative Architectural Products365(75)2901(45)—246
Total$978$(415)$563$64$(45)$(14)$568

Table 39 after “The changes in the carrying amount of goodwill for years ended December 31, 2021 and 2020, by segment, were as follows, in millions:”

Gross Goodwill At December 31, 2019Accumulated Impairment LossesNet Goodwill At December 31, 2019AcquisitionsPre-tax Impairment ChargeOther (B)Net Goodwill At December 31, 2020
Plumbing Products$566$(340)$226$34$—$13$273
Decorative Architectural Products358(75)2837——290
Total$924$(415)$509$41$—$13$563

Table 40 after “The components of other assets were as follows, in millions:”

At December 31,
20212020
Deferred tax assets (Note S)$57$109
Equity method investments1811
Other investments7—
Preferred stock of ACProducts Holding, Inc. (Note I)—146
Other3228
Total$114$294

Table 41 after “The components of accrued liabilities were as follows, in millions:”

At December 31,
20212020
Salaries, wages and commissions$195$193
Advertising and sales promotion297293
Interest2935
Warranty (Note U)3134
Employee retirement plans49182
Insurance reserves2729

First 8 of 15 rows. The download has all of them.

Table 42 after “The carrying value of outstanding debt was as follows, in millions:”

At December 31,
20212020
Notes and debentures:
5.950%, due March 15, 2022$—$326
4.450%, due April 1, 2025—500
4.375%, due April 1, 2026—498
3.500%, due November 15, 2027300300
1.500%, due February 15, 2028599—

First 8 of 19 rows. The download has all of them.

Table 43 after “Pre-tax compensation expense included in income from continuing operations for these stock-based incentives was as follows, in millions:”

Year Ended December 31,
202120202019
Long-term stock awards$10$14$20
Stock options774
Restricted stock units2813—
Performance restricted stock units1053
Phantom stock awards644
Total$61$43$31

Table 44 after “Our long-term stock award activity was as follows, shares in millions:”

Year Ended December 31,
202120202019
Unvested stock award shares at January 1122
Weighted average grant date fair value$36$34$30
Stock award shares granted——1
Weighted average grant date fair value$—$—$36
Stock award shares vested—11
Weighted average grant date fair value$34$32$25

First 8 of 12 rows. The download has all of them.

Table 45 after “Our stock option activity was as follows, shares in millions:”

Year Ended December 31,
202120202019
Option shares outstanding, January 1234
Weighted average exercise price$33$27$21
Option shares granted111
Weighted average exercise price$56$48$36
Option shares exercised—22
Aggregate intrinsic value on date of exercise (A)$5 million$29 million$33 million

First 8 of 22 rows. The download has all of them.

Table 46 after “The weighted average grant date fair value of option shares granted and the assumptions used to estimate those values using a Black-Scholes ”

Year Ended December 31,
202120202019
Weighted average grant date fair value$13.61$10.67$8.81
Risk-free interest rate0.75%1.53%2.57%
Dividend yield1.67%1.14%1.35%
Volatility factor30.00%24.00%25.00%
Expected option life6 years6 years6 years

Table 47 after “The following table summarizes information for stock option shares outstanding and exercisable, shares in millions:”

At December 31, 2021
Option Shares OutstandingOption Shares Exercisable
Range of PricesNumber of SharesWeighted Average Remaining Option TermWeighted Average Exercise PriceNumber of SharesWeighted Average Exercise Price
$17 - 21—2$20—$20
$22 - 2614$241$24
$27 - 3616$351$34
$37 - 5718$49—$44
$17 - 5736$372$31

Table 48 after “Information related to phantom stock awards was as follows, in millions:”

At December 31,
20212020
Accrued compensation cost liability$8$6
Unrecognized compensation cost$3$4
Equivalent common shares——

Table 49 after “Pre-tax expense included in income from continuing operations related to our retirement plans was as follows, in millions:”

Year Ended December 31,
202120202019
Defined-contribution plans$57$46$40
Defined-benefit pension plans4353824
$492$84$64

Table 50 after “Changes in the projected benefit obligation and fair value of plan assets, and the funded status of our defined-benefit pension plans were a”

Year Ended December 31,
20212020
QualifiedNon-QualifiedQualifiedNon-Qualified
Changes in projected benefit obligation:
Projected benefit obligation at January 1$1,118$162$1,034$161
Service cost4—3—
Interest cost154235
Actuarial loss, net(105)(6)8510

First 8 of 23 rows. The download has all of them.

Table 51 after “Amounts in our consolidated balance sheets were as follows, in millions:”

At December 31,
20212020
QualifiedNon-QualifiedQualifiedNon-Qualified
Other assets$1$—$1$—
Accrued liabilities (A)—(12)(135)(12)
Other liabilities (A)(80)(136)(121)(150)
Total net liability$(79)$(148)$(255)$(162)

Table 52 after “Unrealized loss included in accumulated other comprehensive income (loss) before income taxes was as follows, in millions:”

At December 31,
20212020
QualifiedNon-QualifiedQualifiedNon-Qualified
Net loss$56$57$540$65
Net prior service cost3—3—
Total$59$57$543$65

Table 53 after “Information for defined-benefit pension plans with an accumulated benefit obligation in excess of plan assets was as follows, in millions:”

At December 31,
20212020
QualifiedNon-QualifiedQualifiedNon-Qualified
Projected benefit obligation$174$148$1,100$162
Accumulated benefit obligation1741481,100162
Fair value of plan assets94—844—

Table 54 after “Net periodic pension cost for our defined-benefit pension plans was as follows, in millions:”

Year Ended December 31,
202120202019
QualifiedNon-QualifiedQualifiedNon-QualifiedQualifiedNon-Qualified
Service cost$4$—$3$—$3$—
Interest cost154285396
Expected return on plan assets(9)—(24)—(44)—
Settlement loss404—————
Recognized prior service cost1—1———

First 8 of 10 rows. The download has all of them.

Table 55 after “Our qualified defined-benefit pension plan weighted average asset allocation, which is based upon fair value, was as follows:”

At December 31,
20212020
Equity securities38%15%
Debt securities48%49%
Other14%36%
Total100%100%

Table 56 after “The following tables set forth, by level within the fair value hierarchy, the qualified defined-benefit pension plan assets at fair value as”

At December 31, 2021
Level 1Level 2Level 3Valued at NAVTotal
Plan Assets
Common and Preferred Stocks:
United States$25$—$—$—$25
International13———13
Corporate Debt Securities:
United States—5——5

First 8 of 17 rows. The download has all of them.

Table 57 after “N. EMPLOYEE RETIREMENT PLANS (Continued)”

At December 31, 2020
Level 1Level 2Level 3Valued at NAVTotal
Plan Assets
Common and Preferred Stocks:
United States$26$—$—$87$113
International15———15
Private Equity and Hedge Funds – International——1—1
Corporate Debt Securities:

First 8 of 17 rows. The download has all of them.

Table 58 after “Changes in the fair value of the qualified defined-benefit pension plan Level 3 assets, were as follows, in millions:”

20212020
Fair Value, January 1$1$19
Purchases5—
Sales—(18)
Fair Value, December 31$6$1

Table 59 after “Weighted average major assumptions used in accounting for our defined-benefit pension plans were as follows:”

At December 31,
202120202019
Discount rate for obligations1.80%1.70%2.50%
Expected return on plan assets3.00%2.00%3.00%
Rate of compensation increase—%—%—%
Discount rate for net periodic pension cost1.70%2.50%3.80%

Table 60 after “At December 31, 2021, the benefits expected to be paid in each of the next five years, and in aggregate for the five years thereafter, relat”

Qualified PlansNon-Qualified Plans
2022$4$12
2023412
2024412
2025511
2026511
2027 - 20313148

Table 61 after “The components of accumulated other comprehensive income (loss) attributable to Masco Corporation were as follows, in millions:”

At December 31,
20212020
Cumulative translation adjustments, net$312$325
Unrealized loss on interest rate swaps, net—(7)
Unrecognized net loss and prior service cost, net(80)(460)
Accumulated other comprehensive income (loss)$232$(142)

Table 62 after “The reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations were as follows, in mi”

Year Ended December 31,
Accumulated Other Comprehensive Income (Loss)202120202019Statement of Operations Line Item
Settlement and amortization of defined-benefit pension and other post-retirement benefits (A):
Actuarial losses, net and prior service cost$18$26$20Other, net
Settlement loss451——
Tax (benefit)(104)(7)(5)
Net of tax$365$19$15
Interest rate swaps (B)$2$2$2Interest expense

First 8 of 10 rows. The download has all of them.

Table 63 after “Information by segment and Geographic Area was as follows, in millions:”

Year Ended December 31,At December 31,
Net Sales(1)(2)(3)(4)Operating Profit (5)Assets (6)
202120202019202120202019202120202019
Our operations by segment were:
Plumbing Products$5,135$4,136$3,984$929$806$708$3,195$2,822$2,375
Decorative Architectural Products3,2403,0522,7235815834801,7811,6331,526
Total$8,375$7,188$6,707$1,510$1,389$1,188$4,976$4,455$3,901
Our operations by Geographic Area were:

First 8 of 18 rows. The download has all of them.

Table 64 after “Information by segment and Geographic Area was as follows, in millions:”

Year Ended December 31,
Property Additions (7)Depreciation and Amortization
202120202019202120202019
Our operations by segment were:
Plumbing Products$94$86$108$101$84$80
Decorative Architectural Products312518374141
125111126138125121
Unallocated amounts, principally related to corporate assets3221389

First 8 of 10 rows. The download has all of them.

Table 65 after “Other, net, which is included in other income (expense), net, was as follows, in millions:”

Year Ended December 31,
202120202019
Net periodic pension and post-retirement benefit expense (A)$(430)$(35)$(21)
Loss on sale of business(18)——
Contingent consideration (B)(16)——
Gain on preferred stock redemption14——
Equity investment income, net1131
Dividend income610—

First 8 of 12 rows. The download has all of them.

Table 66 after “INCOME TAXES”

(In Millions)
202120202019
Income from continuing operations before income taxes:
U.S.$374$892$684
Foreign314239230
$688$1,131$914
Income tax expense:
Currently payable:

First 8 of 37 rows. The download has all of them.

Table 67 after “A reconciliation of the U.S. Federal statutory tax rate to the income tax expense on income from continuing operations before income taxes w”

Year Ended December 31,
202120202019
U.S. Federal statutory tax rate21%21%21%
State and local taxes, net of U.S. Federal tax benefit433
Higher taxes on foreign earnings312
U.S. and foreign taxes on distributed and undistributed foreign earnings——1
Stock-based compensation(1)(1)(1)
Business divestiture with no tax impact1——

First 8 of 11 rows. The download has all of them.

Table 68 after “A reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties, is as follows,”

Uncertain Tax PositionsInterest and PenaltiesTotal
Balance at January 1, 2020$63$10$73
Current year tax positions:
Additions22—22
Reductions(2)—(2)
Prior year tax positions:
Additions2—2
Reductions(2)—(2)

First 8 of 19 rows. The download has all of them.

Table 69 after “Reconciliations of the numerators and denominators used in the computations of basic and diluted earnings per common share were as follows, ”

Year Ended December 31,
202120202019
Numerator (basic and diluted):
Income from continuing operations$410$810$639
Less: Allocation to redeemable noncontrolling interest2——
Less: Allocation to unvested restricted stock awards264
Income from continuing operations attributable to common shareholders406804635
Income from discontinued operations, net—414296

First 8 of 15 rows. The download has all of them.

Table 70 after “Changes in our warranty liability were as follows, in millions:”

Year Ended December 31,
20212020
Balance at January 1$83$84
Accruals for warranties issued during the year3834
Accruals related to pre-existing warranties(8)(3)
Settlements made (in cash or kind) during the year(31)(33)
Other, net (including currency translation and acquisitions)(2)1
Balance at December 31$80$83

Table 71 after “Our consolidated financial statements included in Item 8 hereof, as required at December 31, 2021 and 2020, and for the years ended December”

Consolidated Balance Sheets40
Consolidated Statements of Operations41
Consolidated Statements of Comprehensive Income (Loss)42
Consolidated Statements of Cash Flows43
Consolidated Statements of Shareholders' Equity44
Notes to Consolidated Financial Statements45

Table 72 after “Exhibits.”

ExhibitNo.Incorporated By ReferenceFiled Herewith
Exhibit DescriptionFormExhibitFiling Date
2.aStock Purchase Agreement, dated September 29, 2019, by and between Masco Corporation and MIWD Holding Company LLC.8-K2.110/03/2019
2.bSecurities Purchase Agreement, dated November 14, 2019, by and between Masco Corporation and ACP Products, Inc.8-K2.111/18/2019
Note 1:Disclosure schedules and certain exhibits have been omitted from Exhibit No. 2.a and 2.b pursuant to Item 601(b)(2) of Regulation S-K. Each Agreement as filed identifies such schedules and exhibits, including the general nature of their contents. Masco agrees to furnish a copy of any omitted attachment to the Securities Exchange Commission on a confidential basis upon request.
3.aRestated Certificate of Incorporation of Masco Corporation.2015 10-K3.i02/12/2016
3.bBylaws of Masco Corporation, as Amended and Restated on February 5, 2021.2020 10-K3.b02/09/2021
4.aIndenture dated as of December 1, 1982 between Masco Corporation and The Bank of New York Mellon Trust Company, N.A., as successor trustee under agreement originally with Morgan Guaranty Trust Company of New York, as Trustee, and Supplemental Indenture thereto dated as of July 26, 1994; and Directors' resolutions establishing Masco Corporation's:2016 10-K4.a02/09/2017

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Table 73 after “85”

Exhibit No.Incorporated By ReferenceFiled Herewith
Exhibit DescriptionFormExhibitFiling Date
4.bIndenture dated as of February 12, 2001 between Masco Corporation and The Bank of New York Mellon Trust Company, N.A., as successor trustee under agreement originally with Bank One Trust Company, National Association, as Trustee, and Supplemental Indenture thereto dated as of November 30, 2006; and Directors' Resolutions establishing Masco Corporation's:2016 10-K4.b02/09/2017
4.b.i6-1/2% Notes Due August 15, 2032;2017 10-K4.b.i02/08/2018
4.b.ii3.500% Notes Due November 15, 2027; and8-K4.106/15/2017
4.b.iii4.500% Notes Due May 15, 2047.8-K4.206/15/2017
4.b.ivSecond Supplemental Indenture, dated as of September 18, 2020, between Masco Corporation and The Bank of New York Mellon Trust Company, N.A., as successor trustee.8-K4.309/18/2020
4.b.v4.500% Notes Due May 15, 20478-K4.209/18/2020

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Table 74 after “86”

Exhibit No.Incorporated By ReferenceFiled Herewith
Exhibit DescriptionFormExhibitFiling Date
10.cMasco Corporation 2014 Long Term Stock Incentive Plan (Amended and Restated May 9, 2016):10-Q10.a07/26/2016
Form of Restricted Stock Award Agreements:
10.c.ifor awards prior to July 1, 20188-K10.b05/06/2014
10.c.iifor awards on or after July 1, 20182018 10-K10.c.ii02/07/2019
Form of Restricted Stock Unit Award Agreements:
10.c.iiifor awards between December 17, 2019 and February 2, 20222019 10-K10.c.iii02/11/2020

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Table 75 after “87”

Exhibit No.Incorporated By ReferenceFiled Herewith
Exhibit DescriptionFormExhibitFiling Date
10.gMasco Corporation Retirement Benefit Restoration Plan effective January 1, 1995 (as amended and restated December 22, 2010), and amendments thereto effective February 6, 2012 and January 1, 2014.2016 10-K10.i02/09/2017
10.hEmployment Offer Letter dated May 3, 2021 between Richard Marshall and Masco Corporation10-Q1007/29/2021
10.iEmployment Offer Letter dated January 6, 2022 between Robin Zondervan and Masco Corporation8-K1002/07/2022
21List of Subsidiaries.X
23Consent of Independent Registered Public Accounting Firm relating to Masco Corporation's Consolidated Financial Statements and Financial Statement Schedule.X
31.aCertification by Chief Executive Officer required by Rule 13a-14(a)/15d-14(a).X

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Table 76 after “For the Years Ended December 31, 2021, 2020 and 2019”

(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:
2021$7$1$—$(2)(a) (b)$6
2020$5(c)$3$—$(1)(a)$7
2019$5$1$—$(2)(a)$4

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