Masco corporation

MASCO CORPORATION and Consolidated Subsidiaries

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

for the years ended December 31, 2016 , 2015 and 2014

	(In Millions, Except Per Share Data)
	Total				Common Shares ($1 par value)				Paid-In Capital				Retained Earnings (Deficit)				Accumulated Other Comprehensive Income (Loss)				Noncontrolling Interest
Balance, January 1, 2014	$	787			$	349			$	16			$	79			$	115			$	228
Total comprehensive income (loss)	640												856				(226		)		10
Shares issued	(6		)		3				(9		)
Shares retired:
Repurchased	(158		)		(7		)		(28		)		(123		)
Surrendered (non-cash)	(15		)						(15		)
Cash dividends declared	(122		)										(122		)
Dividends paid to noncontrolling interest	(34		)																		(34		)
Stock-based compensation	36								36
Balance, December 31, 2014	$	1,128			$	345			$	—			$	690			$	(111	)		$	204
Total comprehensive income (loss)	326												355				(54		)		25
Shares issued	(15		)		3				(18		)
Shares retired:
Repurchased	(456		)		(17		)		(65		)		(374		)
Surrendered (non-cash)	(18		)		(1		)						(17		)
Cash dividends declared	(126		)										(126		)
Dividends paid to noncontrolling interest	(36		)																		(36		)
Separation of TopBuild Corp.	(828		)										(828		)
Stock-based compensation	83								83
Balance, December 31, 2015	$	58			$	330			$	—			$	(300	)		$	(165	)		$	193
Total comprehensive income (loss)	454												491				(70		)		33
Shares issued	(24		)		3				(27		)
Shares retired:
Repurchased	(459		)		(15		)		(14		)		(430		)
Surrendered (non-cash)	(14		)										(14		)
Cash dividends declared	(128		)										(128		)
Dividends paid to noncontrolling interest	(31		)																		(31		)
Stock-based compensation	41								41
Balance, December 31, 2016	$	(103	)		$	318			$	—			$	(381	)		$	(235	)		$	195