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

73 tables with numbers, filed Feb 11, 2025. Each one downloads as a CSV for Excel or Google Sheets, 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 ↗

Item		Page
	PART I
1.	Business	2
1A.	Risk Factors	7
1B.	Unresolved Staff Comments	15
1C.	Cybersecurity	15
2.	Properties	17
3.	Legal Proceedings	17

Business Segment	Manufacturing	Warehouse and Distribution
Plumbing Products	24		10
Decorative Architectural Products	9		14
Totals	33		24

Period	Total Number Of Shares Purchased	Average Price Paid Per Common Share		Total Number Of Shares Purchased As Part Of Publicly Announced Plans or Programs	Maximum Value Of Shares That May Yet Be Purchased Under The Plans Or Programs
10/1/24 - 10/31/24	1,069,651		$83.45		1,069,651	$1,075,395,662
11/1/24 - 11/30/24	1,090,788		$79.42		1,090,788	$988,760,389
12/1/24 - 12/31/24	1,179,967		$78.32		1,179,967	$896,349,195
Total for the quarter	3,340,406		$80.32		3,340,406	$896,349,195

	2020	2021		2022	2023	2024
Masco	$114.46		$146.32		$97.25		$139.57	$151.22
S&P 500 Index	$116.26		$147.52		$118.84		$147.64	$182.05
S&P Industrials Index	$109.01		$130.16		$120.91		$140.30	$162.25
S&P Consumer Durables & Apparel Index	$118.41		$143.20		$99.47		$116.21	$108.09

	Year Ended December 31,
	2024	2023		Change
Net sales, as reported	$7,828		$7,967		(2)%
Acquisitions	(58)		—
Divestitures	—		(72)
Net sales, excluding acquisitions and divestitures	7,770		7,895		(2)%
Currency translation	32		—
Net sales, excluding acquisitions, divestitures and the effect of currency translation	$7,802		$7,895		(1)%

	Year Ended December 31,	Percent Change
	2024	2023		2024 vs. 2023
Net Sales:
Plumbing Products	$4,853		$4,842		—%
Decorative Architectural Products	2,975		3,125		(5)%
Total	$7,828		$7,967		(2)%

	2024	2023
Net cash from operating activities	$1,075		$1,413
Purchase of Company common stock	(751)		(353)
Excise tax paid on the purchase of Company common stock	(3)		—
Cash dividends paid	(254)		(257)
Purchase of redeemable noncontrolling interest	(15)		—
Dividends paid to noncontrolling interest	(37)		(49)
Proceeds from short-term borrowings	—		77

	At December 31,
	2024	2023
Receivable days	51		52
Inventory days	72		77
Accounts payable days	70		70
Working capital (receivables plus inventories, less accounts payable) as a percentage of net sales	15.1%		16.0%

	Payments Due by Period
	2025	2026-2027		2028-2029	Beyond 2029	Other		Total
Debt (A)	$3		$304		$839		$1,806		$—	$2,952
Interest (A)	98		193		158		580		—	1,028
Operating leases	55		88		57		142		—	341
Currently payable income taxes	28		—		—		—		—	28
Purchase commitments (B)	363		100		41		—		—	505
Uncertain tax positions, including interest and penalties (C)	—		—		—		—		97	97

	2024	2023
ASSETS
Current assets:
Cash and cash investments	$634		$634
Receivables	1,035		1,090
Inventories	938		1,022
Prepaid expenses and other	123		110
Total current assets	2,730		2,856

	Year Ended December 31,
	2024	2023		Change
Net sales	$7,828		$7,967		(2)%
Cost of sales	(4,997)		(5,131)		(3)%
Gross profit	$2,831		$2,836		—%
Gross margin	36.2%		35.6%		60 bps
Selling, general and administrative expenses	$(1,468)		$(1,473)		—%
Selling, general and administrative expenses of a percent of net sales	(18.8)%		(18.5)%		(30) bps

	Year Ended December 31,
	2024	2023		Favorable / (Unfavorable)
Interest expense	$(99)		$(106)		7%
Other, net	(103)		(4)		(2,475)%
Other income (expense), net	$(202)		$(110)		(84)%

	Year Ended December 31,
	2024	2023		Favorable / (Unfavorable)
Income tax expense	$(287)		$(278)		(3)%
Effective tax rate	(25)%		(22)%		(300) bps

	Year Ended December 31,
	2024	2023		Favorable / (Unfavorable)
Net income	$822		$908		(9)%
Diluted income per common share	$3.76		$4.02		(6)%

	Total	CommonShares($1 par value)		Paid-In Capital	Retained (Deficit) Earnings	Accumulated Other Comprehensive Income (Loss)		Noncontrolling Interest
Balance, January 1, 2022	$56		$241		$—		$(652)		$232	$235
Total comprehensive income (loss)	900		—		—		844		(6)	62
Shares issued	1		1		—		—		—	—
Shares retired:
Repurchased	(914)		(17)		(32)		(865)		—	—
Surrendered (non-cash)	(17)		—		—		(17)		—	—
Cash dividends declared	(259)		—		—		(259)		—	—

	Year Ended December 31, 2024
	Plumbing Products	Decorative Architectural Products		Total
Primary geographic areas:
North America	$3,289		$2,975		$6,264
International	1,564		—		1,564
Total	$4,853		$2,975		$7,828

	Year Ended December 31, 2023
	Plumbing Products	Decorative Architectural Products		Total
Primary geographic areas:
North America	$3,259		$3,125		$6,384
International	1,583		—		1,583
Total	$4,842		$3,125		$7,967

	Year Ended December 31, 2022
	Plumbing Products	Decorative Architectural Products		Total
Primary geographic areas:
North America	$3,550		$3,428		$6,978
International	1,702		—		1,702
Total	$5,252		$3,428		$8,680

	Operating Leases	Finance Leases
Year ending December 31,
2025	$55		$3
2026	50		2
2027	38		2
2028	31		2
2029	26		2
Thereafter	142		6

	Gross Goodwill At December 31, 2024	Accumulated Impairment Losses		Net Goodwill At December 31, 2024
Plumbing Products	$667		$(301)		$367
Decorative Architectural Products (A)	305		(75)		230
Total	$973		$(376)		$597

	Gross Goodwill At December 31, 2023	Accumulated Impairment Losses		Net Goodwill At December 31, 2023	Acquisitions (B)		Foreign Currency Translation	Net Goodwill At December 31, 2024
Plumbing Products	$677		$(301)		$377	$2			$(12)	$367
Decorative Architectural Products	366		(139)		227	4			—	230
Total	$1,043		$(440)		$604	$6			$(12)	$597

	Gross Goodwill At December 31, 2022	Accumulated Impairment Losses		Net Goodwill At December 31, 2022	Acquisitions (B)		Foreign Currency Translation	Net Goodwill At December 31, 2023
Plumbing Products	$611		$(301)		$310	$59			$7	$377
Decorative Architectural Products	366		(139)		227	—			—	227
Total	$977		$(440)		$537	$59			$7	$604

	Year Ended December 31, 2024
Confirmed obligations outstanding at January 1	$53
Invoices confirmed	214
Confirmed invoices paid	(229)
Other (including currency translation and divestitures)	(2)
Confirmed obligations outstanding at December 31	$36

	At Year Ended December 31,
	2024	2023
	Qualified	Non-Qualified		Qualified	Non-Qualified
Changes in projected benefit obligation:
Projected benefit obligation at January 1	$136		$108		$115	$112
Service cost	2		—		2	—
Interest cost	4		5		4	6
Actuarial (gain) loss, net	(4)		(1)		15	2

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

Table 1 after “TABLE OF CONTENTS”

Table 2 after “The table below lists the number of principal North American properties as of December 31, 2024.”

Table 3 after “The table below lists the number of principal properties outside of North America as of December 31, 2024.”

Table 4 after “The following table provides information regarding the repurchase of our common stock for the three-month period ended December 31, 2024.”

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, 2019 in e”

Table 6 after “Below is a summary of our net sales, in millions, for the years ended December 31, 2024 and 2023:”

Table 7 after “Below is a summary of our results of operations, dollars in millions, for the years ended December 31, 2024 and 2023:”

Table 8 after “Below is a summary of our other income (expense), net, in millions, for the years ended December 31, 2024 and 2023:”

Table 9 after “Below is a summary of our income tax expense, in millions, and our effective tax rate for the years ended December 31, 2024 and 2023:”

Table 10 after “Below is a summary of our net income, in millions, and diluted income per common share for the years ended December 31, 2024 and 2023:”

Table 11 after “The following table sets forth our net sales and operating profit information by Business Segment, dollars in millions.”

Table 12 after “The following table sets forth our net sales and operating profit information by Business Segment, dollars in millions.”

Table 13 after “Significant sources and (uses) of cash for the years ended December 31, 2024 and 2023 are summarized as follows, in millions:”

Table 14 after “Our working capital days were as follows:”

Table 15 after “The following table provides payment obligations related to current contracts at December 31, 2024, in millions:”

Table 16 after “(In Millions, Except Share Data)”

Table 17 after “(In Millions, Except Per Common Share Data)”

Table 18 after “(In Millions)”

Table 19 after “(In Millions)”

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

Table 21 after “Our revenues are derived from sales to customers in the following geographic areas: North America and International, which are particularly ”

Table 22 after “Our revenues are derived from sales to customers in the following geographic areas: North America and International, which are particularly ”

Table 23 after “Our revenues are derived from sales to customers in the following geographic areas: North America and International, which are particularly ”

Table 24 after “Changes in the allowance for credit losses deducted from accounts receivable were as follows, in millions:”

Table 25 after “The components of inventory were as follows, in millions:”

Table 26 after “The components of lease cost included in net income were as follows, in millions:”

Table 27 after “Supplemental cash flow information related to leases was as follows, in millions:”

Table 28 after “Certain other information related to leases was as follows:”

Table 29 after “Supplemental balance sheet information related to leases was as follows, in millions:”

Table 30 after “At December 31, 2024, future maturities of lease liabilities were as follows, in millions:”

Table 31 after “The components of property and equipment, net were as follows, in millions:”

Table 32 after “Goodwill at December 31, 2024, by segment, was as follows, in millions:”

Table 33 after “The changes in the carrying amount of goodwill for years ended December 31, 2024 and 2023, by segment, were as follows, in millions:”

Table 34 after “The changes in the carrying amount of goodwill for years ended December 31, 2024 and 2023, by segment, were as follows, in millions:”

Table 35 after “Changes in the confirmed obligations outstanding were as follows, in millions:”

Table 36 after “The components of accrued liabilities were as follows, in millions:”

Table 37 after “The carrying value of outstanding debt was as follows, in millions:”

Table 38 after “Pre-tax compensation expense included in income before income taxes for these stock-based incentives was as follows, in millions:”

Table 39 after “Our restricted stock unit activity was as follows, units in thousands:”

Table 40 after “Our stock option activity was as follows, shares in thousands:”

Table 41 after “The following table summarizes information for stock options vested and expected to vest and exercisable (vested) stock options, shares in t”

Table 42 after “The weighted average grant date fair value of option shares granted and the assumptions used to estimate those values using a Black-Scholes ”

Table 43 after “Our long-term stock award activity was as follows, shares in thousands:”

Table 44 after “Information related to phantom stock awards was as follows, dollars in millions and shares in thousands:”

Table 45 after “Pre-tax expense included in income before income taxes related to our retirement plans was as follows, in millions:”

Table 46 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”

Table 47 after “Amounts in our consolidated balance sheets were as follows, in millions:”

Table 48 after “Unrealized loss included in accumulated other comprehensive income before income taxes was as follows, in millions:”

Table 49 after “Information for defined-benefit pension plans with an accumulated benefit obligation in excess of plan assets was as follows, in millions:”

Table 50 after “Net periodic pension cost for our defined-benefit pension plans was as follows, in millions:”

Table 51 after “Our qualified defined-benefit pension plan weighted average asset allocation, which is based upon fair value, was as follows:”

Table 52 after “The following tables set forth, by level within the fair value hierarchy, the qualified defined-benefit pension plan assets at fair value as”

Table 53 after “M. EMPLOYEE RETIREMENT PLANS (Continued)”

Table 54 after “Changes in the fair value of the qualified defined-benefit pension plan Level 3 assets were as follows, in millions:”

Table 55 after “Weighted average major assumptions used in accounting for our defined-benefit pension plans were as follows:”

Table 56 after “At December 31, 2024, the benefits expected to be paid in each of the next five years, and in aggregate for the five years thereafter, relat”

Table 57 after “The components of accumulated other comprehensive income attributable to Masco Corporation were as follows, in millions:”

Table 58 after “Information by segment was as follows, in millions:”

Table 59 after “Information by segment was as follows, in millions:”

Table 60 after “Information by segment was as follows, in millions:”

Table 61 after “O. SEGMENT INFORMATION (Concluded)”

Table 62 after “Components of income taxes on income before income taxes and the components of deferred tax assets and liabilities were as follows, in milli”

Table 63 after “A reconciliation of the U.S. Federal statutory tax rate to the income tax expense on income before income taxes was as follows:”

Table 64 after “A reconciliation of the beginning and ending liability for uncertain tax positions, is as follows, in millions:”

Table 65 after “Reconciliations of the numerators and denominators used in the computations of basic and diluted income per common share were as follows, in”

Table 66 after “The following stock options, restricted stock units and performance restricted stock units were excluded from the computation of weighted-av”

Table 67 after “Changes in our warranty liability were as follows, in millions:”

Table 68 after “Our consolidated financial statements included in Item 8 hereof, as required at December 31, 2024 and 2023, and for the years ended December”

Table 69 after “Exhibits.”

Table 70 after “73”

Table 71 after “74”

Table 72 after “75”

Table 73 after “For the Years Ended December 31, 2024, 2023 and 2022”

	At December 31, 2024
	Level 1	Level 2		Level 3		Total
Plan Assets
Common and preferred stocks:
United States	$18		$—		$—		$18
International	11		—		—		11
Corporate, government and other debt securities:
United States	—		6		—		6

	At December 31, 2023
	Level 1	Level 2		Level 3		Total
Plan Assets
Common and preferred stocks:
United States	$17		$—		$—		$17
International	8		—		—		8
Corporate, government and other debt securities:
United States	—		5		—		5

	Qualified Plans	Non-Qualified Plans
2025	$7		$11
2026	5		11
2027	5		11
2028	5		10
2029	5		10
2030 - 2034	31		42

	Property Additions (F)	Depreciation and Amortization		Assets (G)
	Year Ended December 31,	Year Ended December 31,		Year Ended December 31,
	2024	2023		2022	2024	2023		2022	2024	2023		2022
Plumbing Products	$122		$161		$154		$108		$107		$103		$3,131	$3,140	$3,096
Decorative Architectural Products	44		76		64		35		35		34		1,435	1,696	1,780
Corporate	2		6		6		7		7		8		450	527	311
Total	$168		$243		$224		$150		$149		$145		$5,016	$5,363	$5,187

	2024	2023
Balance at January 1	$84		$83
Current year tax positions:
Additions	14		17
Reductions	(1)		(2)
Prior year tax positions:
Additions	1		3
Lapse of applicable statutes of limitation	(13)		(12)

Consolidated Balance Sheets	35
Consolidated Statements of Operations	36
Consolidated Statements of Comprehensive Income (Loss)	37
Consolidated Statements of Cash Flows	38
Consolidated Statements of Shareholders' Equity	39
Notes to Consolidated Financial Statements	40

Exhibit No.						Incorporated By Reference		Filed Herewith
	Exhibit Description		Form		Exhibit		Filing Date
3.a		Restated Certificate of Incorporation of Masco Corporation.		2015 10-K		3.i		02/12/2016
3.b		Bylaws of Masco Corporation, as Amended and Restated on February 5, 2021.		2020 10-K		3.b		02/09/2021
4.a		Indenture 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-K		4.a		02/09/2017
4.a i				7-3/4% Debentures Due August 1, 2029.		2014 10-K		4.a.i(ii)	02/13/2015
4.b		Indenture 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-K		4.b		02/09/2017
4.b i				6-1/2% Notes Due August 15, 2032;		2017 10-K		4.b.i	02/08/2018

	(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 credit losses deducted from accounts receivable in the balance sheet:
2024	$11		$4			$—			$(5)	(a)	$10
2023	$8		$7			$—			$(5)	(a)	$11
2022	$6		$5			$—			$(3)	(a)	$8