Masco (MAS) 10-K14 Feb 142013 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2013	Jan. 31, 2014	Jun. 28, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'MASCO CORP /DE/	'	'
Entity Central Index Key	'0000062996	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Public Float	'	'	$6,794,823,000
Entity Common Stock, Shares Outstanding	'	356,404,200	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Current Assets:	'	'
Cash and cash investments	$1,223	$1,040
Short-term bank deposits	321	311
Receivables	1,004	933
Inventories	765	726
Prepaid expenses and other	155	107
Assets held for sale	'	100
Total current assets	3,468	3,217
Property and equipment, net	1,252	1,326
Goodwill	1,903	1,894
Other intangible assets, net	149	151
Other assets	161	184
Assets held for sale	'	103
Total Assets	6,933	6,875
Current Liabilities:	'	'
Accounts payable	902	788
Notes payable	6	206
Accrued liabilities	874	823
Liabilities held for sale	'	45
Total current liabilities	1,782	1,862
Long-term debt	3,421	3,422
Deferred income taxes and other	967	1,053
Liabilities held for sale	'	4
Total Liabilities	6,170	6,341
Commitments and contingencies	'	'
Masco Corporation's shareholders' equity	'	'
Common shares authorized: 1,400,000,000; issued and outstanding: 2013 - 349,500,000; 2012 - 349,000,000	349	349
Preferred shares authorized: 1,000,000; issued and outstanding: 2013 and 2012 - None	'	'
Paid-in capital	16	16
Retained earnings (deficit)	55	-102
Accumulated other comprehensive income	115	59
Total Masco Corporation's shareholders' equity	535	322
Noncontrolling interest	228	212
Total Equity	763	534
Total Liabilities and Equity	$6,933	$6,875

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical)	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED BALANCE SHEETS	'	'
Common shares, shares authorized	1,400,000,000	1,400,000,000
Common shares, shares issued	349,500,000	349,000,000
Common shares, shares outstanding	349,500,000	349,000,000
Preferred shares, shares authorized	1,000,000	1,000,000
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
In Millions, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF OPERATIONS	'	'	'
Net sales	$8,173	$7,495	$7,170
Cost of sales	5,918	5,539	5,383
Gross profit	2,255	1,956	1,787
Selling, general and administrative expenses	1,582	1,535	1,543
Charge for litigation settlements, net	'	77	9
Impairment charges for goodwill and other intangible assets	'	42	450
Operating profit (loss)	673	302	-215
Other income (expense), net:	'	'	'
Interest expense	-235	-254	-254
Other, net	-4	25	77
Total other income (expense), net	-239	-229	-177
Income (loss) from continuing operations before income taxes	434	73	-392
Income tax expense (benefit)	111	91	-40
Income (loss) from continuing operations	323	-18	-352
Loss from discontinued operations, net	-10	-61	-181
Net income (loss)	313	-79	-533
Less: Net income attributable to noncontrolling interest	41	35	42
Net income (loss) attributable to Masco Corporation	272	-114	-575
Basic:	'	'	'
Income (loss) from continuing operations (in dollars per share)	$0.79	($0.16)	($1.14)
Loss from discontinued operations, net (in dollars per share)	($0.03)	($0.17)	($0.52)
Net income (loss) (in dollars per share)	$0.76	($0.33)	($1.66)
Diluted:	'	'	'
Income (loss) from continuing operations (in dollars per share)	$0.78	($0.16)	($1.14)
Loss from discontinued operations, net (in dollars per share)	($0.03)	($0.17)	($0.52)
Net income (loss) (in dollars per share)	$0.76	($0.33)	($1.66)
Amounts attributable to Masco Corporation:	'	'	'
Income (loss) from continuing operations	282	-53	-394
Loss from discontinued operations, net	-10	-61	-181
Net income (loss) attributable to Masco Corporation	$272	($114)	($575)

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'
Net income (loss)	$313	($79)	($533)
Less: Net income attributable to noncontrolling interest	41	35	42
Net income (loss) attributable to Masco Corporation	272	-114	-575
Other comprehensive income (loss), net of tax (see Note O):	'	'	'
Cumulative translation adjustment	-75	28	-30
Interest rate swaps	2	2	-23
Marketable securities	'	'	-38
Unrecognized pension prior service cost and net gain (loss)	138	-45	-113
Other comprehensive income (loss)	65	-15	-204
Less: Other comprehensive income (loss) attributable to the noncontrolling interest:	'	'	'
Cumulative translation adjustment	8	9	-7
Unrecognized pension prior service cost and net gain (loss)	1	-7	'
Other comprehensive income (loss) attributable to the noncontrolling interest	9	2	-7
Other comprehensive income (loss) attributable to Masco Corporation	56	-17	-197
Total comprehensive income (loss)	378	-94	-737
Less: Total comprehensive income attributable to noncontrolling interest	50	37	35
Total comprehensive income (loss) attributable to Masco Corporation	$328	($131)	($772)

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES:	'	'	'
Net income (loss)	$313	($79)	($533)
Depreciation and amortization	186	214	263
Deferred income taxes	42	50	-112
Non-cash loss on disposition of businesses, net	15	4	'
(Gain) on disposition of investments, net	-10	-24	-71
Impairment charges:	'	'	'
Financial investments	'	2	'
Goodwill and other intangible assets	'	42	450
Discontinued operations	10	3	130
Stock-based compensation	54	61	61
Other items, net	-3	-28	53
Increase in receivables	-85	-50	-60
Increase in inventories	-24	-16	-54
Increase in accounts payable and accrued liabilities, net	147	102	112
Net cash from operating activities	645	281	239
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES:	'	'	'
Increase in debt	3	4	4
Payment of debt	-5	-5	-9
Issuance of notes, net of issuance costs	'	396	'
Credit Agreement costs	-4	'	-1
Retirement of Notes	-200	-791	-58
Payment for settlement of swaps	'	-25	'
Purchase of Company common stock	-35	-8	-30
Dividends paid to noncontrolling interest	-34	-40	-18
Cash dividends paid	-107	-107	-107
Net cash for financing activities	-382	-576	-219
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES:	'	'	'
Capital expenditures	-126	-119	-151
Acquisition of businesses, net of cash acquired	-7	'	-10
Proceeds from disposition of:	'	'	'
Marketable securities	'	'	49
Short-term bank deposits	411	430	545
Businesses, net of cash disposed	17	9	'
Property and equipment	27	67	24
Other financial investments	16	43	52
Purchases of:	'	'	'
Other financial investments	-1	-3	-7
Short-term bank deposits	-409	-432	-568
Other, net	-5	-24	-18
Net cash for investing activities	-77	-29	-84
Effect of exchange rate changes on cash and cash investments	-3	11	-8
CASH AND CASH INVESTMENTS:	'	'	'
Increase (decrease) for the year	183	-313	-72
At January 1	1,040	1,353	1,425
At December 31	$1,223	$1,040	$1,353

CONSOLIDATED_STATEMENTS_OF_SHA

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)	Total	Common Shares ($1 par value)	Paid-In Capital	Retained (Deficit) Earnings	Accumulated Other Comprehensive Income	Noncontrolling Interest
In Millions, unless otherwise specified	Total	Common Shares ($1 par value)	Paid-In Capital	Retained (Deficit) Earnings	Accumulated Other Comprehensive Income	Noncontrolling Interest
Balance at Dec. 31, 2010	$1,582	$349	$42	$720	$273	$198
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Total comprehensive (loss) income	-737	'	'	-575	-197	35
Shares issued	'	2	-2	'	'	'
Shares retired:	'	'	'	'	'	'
Repurchased	-30	-2	-28	'	'	'
Surrendered (non-cash)	-8	-1	-7	'	'	'
Cash dividends declared	-107	'	'	-107	'	'
Dividends paid to noncontrolling interest	-18	'	'	'	'	-18
Stock-based compensation	60	'	60	'	'	'
Balance at Dec. 31, 2011	742	348	65	38	76	215
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Total comprehensive (loss) income	-94	'	'	-114	-17	37
Shares issued	-1	3	-4	'	'	'
Shares retired:	'	'	'	'	'	'
Repurchased	-8	-1	-7	'	'	'
Surrendered (non-cash)	-8	-1	-7	'	'	'
Cash dividends declared	-107	'	-81	-26	'	'
Dividends paid to noncontrolling interest	-40	'	'	'	'	-40
Stock-based compensation	50	'	50	'	'	'
Balance at Dec. 31, 2012	534	349	16	-102	59	212
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Total comprehensive (loss) income	378	'	'	272	56	50
Shares issued	-8	3	-11	'	'	'
Shares retired:	'	'	'	'	'	'
Repurchased	-35	-2	-11	-22	'	'
Surrendered (non-cash)	-12	-1	-11	'	'	'
Cash dividends declared	-107	'	-14	-93	'	'
Dividends paid to noncontrolling interest	-34	'	'	'	'	-34
Stock-based compensation	47	'	47	'	'	'
Balance at Dec. 31, 2013	$763	$349	$16	$55	$115	$228

ACCOUNTING_POLICIES

ACCOUNTING POLICIES	12 Months Ended
ACCOUNTING POLICIES	Dec. 31, 2013
ACCOUNTING POLICIES	'
ACCOUNTING POLICIES	'

	A. ACCOUNTING POLICIES

	Principles of Consolidation. The consolidated financial statements include the accounts of Masco Corporation and all majority-owned subsidiaries. All significant intercompany transactions have been eliminated. The Company consolidates the assets, liabilities and results of operations of variable interest entities, for which the Company is the primary beneficiary.

	Use of Estimates and Assumptions in the Preparation of Financial Statements. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of any contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates and assumptions.

	Revenue Recognition. The Company recognizes revenue as title to products and risk of loss is transferred to customers or when services are rendered, net of applicable provisions for discounts, returns and allowances. The Company records revenue for unbilled services performed based upon material and labor incurred in the Installation and Other Services segment; such amounts are recorded in receivables. Amounts billed for shipping and handling are included in net sales, while costs incurred for shipping and handling are included in cost of sales.

	Customer Promotion Costs. The Company records estimated reductions to revenue for customer programs and incentive offerings, including special pricing and co-operative advertising arrangements, promotions and other volume-based incentives. In-store displays that are owned by the Company and used to market the Company's products are included in other assets in the consolidated balance sheets and are amortized using the straight-line method over the expected useful life of three to five years; related amortization expense is classified as a selling expense in the consolidated statements of operations.

	Foreign Currency. The financial statements of the Company's foreign subsidiaries are measured using the local currency as the functional currency. Assets and liabilities of these subsidiaries are translated at exchange rates as of the balance sheet date. Revenues and expenses are translated at average exchange rates in effect during the year. The resulting cumulative translation adjustments have been recorded in the accumulated other comprehensive income component of shareholders' equity. Realized foreign currency transaction gains and losses are included in the consolidated statements of operations in other income (expense), net.

	Cash and Cash Investments. The Company considers all highly liquid investments with an initial maturity of three months or less to be cash and cash investments.

	Short-Term Bank Deposits. The Company invests a portion of its foreign excess cash in short-term bank deposits. These highly liquid investments have original maturities between three and twelve months and are valued at cost, which approximates fair value at December 31, 2013 and December 31, 2012. These short-term bank deposits are classified in the current assets section of the Company's consolidated balance sheets, and interest income related to short-term bank deposits is recorded in the Company's consolidated statement of operations in other income (expense), net.

	Receivables. The Company does significant business with a number of customers, including certain home centers and homebuilders. The Company monitors its exposure for credit losses on its customer receivable balances and the credit worthiness of its customers on an on-going basis and records related allowances for doubtful accounts. Allowances are estimated based upon specific customer balances, where a risk of default has been identified, and also include a provision for non-customer specific defaults based upon historical collection, return and write-off activity. During downturns in the Company's markets, declines in the financial condition and creditworthiness of customers impacts the credit risk of the receivables involved and the Company has incurred additional bad debt expense related to customer defaults. A separate allowance is recorded for customer incentive rebates and is generally based upon sales activity. Receivables are presented net of certain allowances (including allowances for doubtful accounts) of $57 million and $71 million at December 31, 2013 and 2012, respectively. Receivables include unbilled revenue related to the Installation and Other Services segment of $24 million and $18 million at December 31, 2013 and 2012, respectively.

	Property and Equipment. Property and equipment, including significant betterments to existing facilities, are recorded at cost. Upon retirement or disposal, the cost and accumulated depreciation are removed from the accounts and any gain or loss is included in the consolidated statements of operations. Maintenance and repair costs are charged against earnings as incurred.

	The Company reviews its property and equipment as an event occurs or circumstances change that would more likely than not reduce the fair value of the property and equipment below the carrying amount. If the carrying amount of property and equipment is not recoverable from its undiscounted cash flows, then the Company would recognize an impairment loss for the difference between the carrying amount and the current fair value. Further, the Company evaluates the remaining useful lives of property and equipment at each reporting period to determine whether events and circumstances warrant a revision to the remaining depreciation periods.

	Depreciation. Depreciation expense is computed principally using the straight-line method over the estimated useful lives of the assets. Annual depreciation rates are as follows: buildings and land improvements, 2 to 10 percent, and machinery and equipment, 5 to 33 percent. Depreciation expense was $175 million, $192 million and $234 million in 2013, 2012 and 2011, respectively. Such depreciation expense included accelerated depreciation of $13 million (primarily in the Cabinets and Related Products and Plumbing Products segments), $28 million (primarily in the Cabinets and Related Products and Plumbing Products segments) and $52 million (primarily in the Cabinets and Related Products and Other Specialty Products segment) in 2013, 2012 and 2011, respectively.

	Goodwill and Other Intangible Assets. The Company performs its annual impairment testing of goodwill in the fourth quarter of each year, or as events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company has defined its reporting units and completed the impairment testing of goodwill at the operating segment level. The Company's operating segments are reporting units that engage in business activities, for which discrete financial information, including five-year forecasts, are available. The Company compares the fair value of the reporting units to the carrying value of the reporting units for goodwill impairment testing. Fair value is determined using a discounted cash flow method, which includes significant unobservable inputs (Level 3 inputs).

	Determining market values using a discounted cash flow method requires the Company to make significant estimates and assumptions, including long-term projections of cash flows, market conditions and appropriate discount rates. The Company's judgments are based upon historical experience, current market trends, consultations with external valuation specialists and other information. In estimating future cash flows, the Company relies on internally generated five-year forecasts for sales and operating profits, including capital expenditures, and generally a one to three percent long-term assumed annual growth rate of cash flows for periods after the five-year forecast. The Company utilizes its weighted average cost of capital of approximately 10 percent as the basis to determine the discount rate to apply to the estimated future cash flows. Our weighted average cost of capital increased in 2013 due to improving market conditions and an increased stock price. In 2013 and 2012, due to improving market conditions, the Company increased the discount rate to a range of 11.5 percent to 13.5 percent in 2013 for most of its reporting units compared to a range of 11 percent to 13 percent in 2012. The Company records an impairment to goodwill (adjusting the value to the estimated fair value) if the book value exceeds the estimated fair value.

	The Company reviews its other indefinite-lived intangible assets for impairment annually in the fourth quarter of each year, or as events occur or circumstances change that indicate the assets may be impaired without regard to the reporting unit. The Company considers the implications of both external (e.g., market growth, competition and local economic conditions) and internal (e.g., product sales and expected product growth) factors and their potential impact on cash flows related to the intangible asset in both the near- and long-term.

	Intangible assets with finite useful lives are amortized using the straight-line method over their estimated useful lives. The Company evaluates the remaining useful lives of amortizable intangible assets at each reporting period to determine whether events and circumstances warrant a revision to the remaining periods of amortization. See Note H for additional information regarding Goodwill and Other Intangible Assets.

	Fair Value Accounting. The Company follows accounting guidance for its financial investments and liabilities which defines fair value, establishes a framework for measuring fair value and prescribes disclosures about fair value measurements. The Company also follows this guidance for its non-financial investments and liabilities.

	The fair value of financial investments and liabilities is determined at each balance sheet date and future declines in market conditions, the future performance of the underlying investments or new information could affect the recorded values of the Company's investments in marketable securities, private equity funds and other private investments.

	The Company uses derivative financial instruments to manage certain exposure to fluctuations in earnings and cash flows resulting from changes in foreign currency exchange rates, commodity costs and interest rate exposures. Derivative financial instruments are recorded in the consolidated balance sheets as either an asset or liability measured at fair value, netted by counterparty, where the right of offset exists. For derivative instruments not designated as hedging instruments, the gain or loss is recognized in determining current earnings during the period of the change in fair value.

	Warranty. At the time of sale, the Company accrues a warranty liability for the estimated cost to provide products, parts or services to repair or replace products in satisfaction of warranty obligations. The Company's estimate of costs to service its warranty obligations is based upon the information available and includes a number of factors such as the warranty coverage, the warranty period, historical experience specific to the nature, frequency and average cost to service the claim, along with product manufacturing metrics and industry and demographic trends.

	Certain factors and related assumptions in determining our warranty liability involve judgments and estimates and are sensitive to changes in the aforementioned factors. The Company believes that the warranty accrual is appropriate; however, actual claims incurred could differ from the original estimates thereby requiring adjustments to previously established accruals.

	A majority of the Company's business is at the consumer retail level through home centers and major retailers. A consumer may return a product to a retail outlet that is a warranty return. However, certain retail outlets do not distinguish between warranty and other types of returns when they claim a return deduction from the Company. The Company's revenue recognition policy takes into account this type of return when recognizing revenue, and deductions are recorded at the time of sale.

	Product Liability. The Company provides for expenses associated with product liability obligations when such amounts are probable and can be reasonably estimated. The accruals are adjusted as new information develops or circumstances change that would affect the estimated liability.

	Stock-Based Compensation. The Company measures compensation expense for stock awards at the market price of the Company's common stock at the grant date. Such expense is recognized ratably over the shorter of the vesting period of the stock awards, typically 5 to 10 years, or the length of time until the grantee becomes retirement-eligible at age 65.

	The Company measures compensation expense for stock options using a Black-Scholes option pricing model. Such expense is recognized ratably over the shorter of the vesting period of the stock options, typically five years, or the length of time until the grantee becomes retirement-eligible at age 65. The Company utilizes the shortcut method to determine the tax windfall pool associated with stock options.

	Noncontrolling Interest. The Company owns 68 percent of Hansgrohe SE at both December 31, 2013 and 2012. The aggregate noncontrolling interest, net of dividends, at December 31, 2013 and 2012 has been recorded as a component of equity on the Company's consolidated balance sheets.

	Interest and Penalties on Uncertain Tax Positions. The Company records interest and penalties on its uncertain tax positions in income tax expense.

	Reclassifications. Certain prior-year amounts have been reclassified to conform to the 2013 presentation in the consolidated financial statements. In the Company's consolidated statements of cash flows, the cash flows from discontinued operations are not separately classified.

	Revision of Previously Issued Financial Statements. During the third quarter ended September 30, 2013, the Company identified an error related to the classification of cash and cash investments. Foreign short-term bank deposits with terms ranging from three months to twelve months were incorrectly classified as cash and cash investments rather than short-term bank deposits. Historic periods are revised, as detailed below, in our future filings. These classification errors were not considered material to any prior period financial statements.

	The following table presents the impact of the revisions on the Company's previously issued consolidated balance sheets (in millions).


	Balance Sheet December 31, 2012		As Reported			As Revised
Cash and cash investments		$	1,351		$	1,040
Short-term bank deposits			—			311
Total current assets		$	3,217		$	3,217





Balance Sheet December 31, 2011		As Reported			As Revised
Cash and cash investments		$	1,656		$	1,353
Short-term bank deposits			—			303
Total current assets		$	3,429		$	3,429

This revision had no effect on our consolidated results of operations.

The following table presents the impact of the revisions on the Company's previously issued consolidated statement of cash flows (in millions).


Cash Flows December 31, 2012		As Reported			As Revised
Net cash (for) investing activities		$	(27	)	$	(29	)
Effect of exchange rate changes on cash and cash investments		$	17		$	11
Decrease in cash and cash investments		$	(305	)	$	(313	)





Cash Flows December 31, 2011		As Reported			As Revised
Net cash (for) investing activities		$	(61	)	$	(84	)
Effect of exchange rate changes on cash and cash investments		$	(18	)	$	(8	)
Decrease in cash and cash investments		$	(59	)	$	(72	)





Cash Flows December 31, 2010		As Reported			As Revised
Net cash (for) investing activities		$	(109	)	$	(244	)
Effect of exchange rate changes on cash and cash investments		$	(14	)	$	(7	)
Increase in cash and cash investments		$	302		$	174

The following table presents the impact of the revisions on the Company's previously issued consolidated balance sheets and statements of cash flows (all cash flow figures are year-to-date, in millions).


		Mar. 31,			June 30,			Sep. 30,			Mar. 31,			June 30,
		2012			2012			2012			2013			2013
Cash and cash investments
As reported		$	1,788		$	1,853		$	1,166		$	1,032		$	1,223
As revised		$	1,491		$	1,612		$	889		$	828		$	1,028
Short-term bank deposits
As reported			—			—			—			—			—
As revised		$	297		$	241		$	277		$	204		$	195
Net cash (for) from investing activities
As reported		$	(2	)	$	(15	)	$	(42	)	$	(30	)	$	(51	)
As revised		$	10		$	37		$	(17	)	$	70		$	62

The revisions did not significantly impact the effect of exchange rate changes on cash and cash investments in each quarter above. These changes will be reflected in the revised statements of cash flows, in future filings.

Recently Issued Accounting Pronouncements. On January 1, 2013, the Company adopted new accounting guidance requiring disclosure of amounts reclassified from accumulated other comprehensive income. The adoption of this new guidance did not have an impact on the Company's financial position or its results of operations.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
DISCONTINUED OPERATIONS	Dec. 31, 2013
DISCONTINUED OPERATIONS	'
DISCONTINUED OPERATIONS	'

	B. DISCONTINUED OPERATIONS

	The presentation of discontinued operations includes components of the Company that the Company intends to sell, which comprises operations and cash flows that can be clearly distinguished from the rest of the Company.

	In February 2013, the Company determined that Tvilum, its Danish ready-to-assemble cabinet business, was no longer core to its long-term growth strategy and, accordingly, the Company embarked on a plan for disposition. In December 2013, the Company completed the disposition of this business and a related Danish holding company for net proceeds of $17 million.

	During 2011, the Company determined that several businesses in the Installation and Other Services segment were not core to the Company's long-term growth strategy. These businesses provide commercial drywall installation, millwork and framing services. During 2012, the Company disposed all of these businesses for net proceeds of $7 million.

	The Company has accounted for the business units identified in 2013 and 2011 as discontinued operations. Losses from these discontinued operations were included in loss from discontinued operations, net, in the consolidated statements of operations.

	Selected financial information for the discontinued operations during the period owned by the Company, were as follows, in millions:


		2013			2012			2011
	Net sales	$	265		$	321		$	389




	Operating loss from discontinued operations	$	(7	)	$	(44	)	$	(58	)
	Impairment of assets held for sale		(10	)		(3	)		(130	)
	Gain (loss) on disposal of discontinued operations, net		3			(6	)		(3	)


	Loss before income tax		(14	)		(53	)		(191	)
	Income tax (benefit) expense		(4	)		8			(10	)


	Loss from discontinued operations, net	$	(10	)	$	(61	)	$	(181	)





	Included in impairment of assets held for sale in 2013 is the impairment of fixed assets. During the first quarter of 2013, the Company estimated the fair value of the business held for sale, using unobservable inputs (Level 3). After considering the currency translation gains reported in Accumulated Other Comprehensive Income, the Company recorded an impairment of $10 million in the first quarter of 2013.

	In 2013, in conjunction with the transaction to sell the Danish ready-to-assemble cabinet business (included in discontinued operations), the Company also disposed of a non-operating entity in Denmark. This disposition triggered the settlement of loans, which resulted in the recognition of $18 million of currency translation expense, which is included in other income (expense) from continuing operations in the statement of operations.

	Included in the impairment of assets held for sale, net in 2011 is the impairment of indefinite and definite-lived intangible assets of $56 million, the impairment of goodwill of $57 million and the impairment of fixed and other assets of $17 million. Included in the loss on disposal of discontinued operations, net in 2011 is $3 million expense reflecting the adjustment of certain assets related to businesses disposed in prior years.

	The unusual relationship between income tax expense and loss before income tax in 2012 resulted primarily from the increase in the deferred tax liability associated with the abandonment of tax basis in indefinite-lived intangibles due to the disposition of certain discontinued operations.

	The unusual relationship between income taxes and loss before income taxes in 2011 resulted primarily from certain losses providing no current tax benefit.

	The following balance sheet items have been classified as held for sale:


		December 31,
		2013			2012
	Receivables	$	—		$	32
	Inventories		—			66
	Prepaid expenses and other		—			2
	Property and equipment, net		—			103


	Total assets	$	—		$	203
	Accounts payable		—			31
	Accrued liabilities		—			14
	Deferred income taxes		—			4


	Total liabilities	$	—		$	49

In the fourth quarter of 2012, the Company determined that the estimated fair value calculated for Tvilum was lower than the net book value. The Company assessed the long-lived assets associated with this business unit and determined that no impairment was necessary at December 31, 2012.

Also during 2011, the Company decided to exit a product line in builders' hardware in the Decorative Architectural Products segment with net sales of $1 million and an operating loss of $15 million in 2011 (including $8 million to write-down inventory related to satisfaction of contractual obligations). In the first quarter of 2012, the Company disposed of this product line. This business was included in continuing operations through the date of disposal.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
ACQUISITIONS	Dec. 31, 2013
ACQUISITIONS	'
ACQUISITIONS	'

	C. ACQUISITIONS

	In the first quarter of 2013, the Company acquired a small U.K. door business in the Other Specialty Products segment. The total net cash purchase price was $4 million in 2013.

	In late 2011, the Company acquired a small manufacturer of hot tubs in the Plumbing Products segment; this business allows the Company to expand its spa offering into additional price point categories. The total net cash purchase price was $10 million in 2011.

	The results of these acquisitions are included in the consolidated financial statements from the respective date of acquisition.

INVENTORIES

INVENTORIES	12 Months Ended
INVENTORIES	Dec. 31, 2013
INVENTORIES	'
INVENTORIES	'

	D. INVENTORIES


		(In Millions)
		At December 31
		2013		2012
	Finished goods	$	398	$	369
	Raw material		268		261
	Work in process		99		96


	Total	$	765	$	726





	Inventories, which include purchased parts, materials, direct labor and applied manufacturing overhead, are stated at the lower of cost or net realizable value, with cost determined by use of the first-in, first-out method.

FAIR_VALUE_OF_FINANCIAL_INVEST

FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES	12 Months Ended
FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES	Dec. 31, 2013
FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES	'
FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES	'

	E. FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES

	Accounting Policy. The Company follows accounting guidance that defines fair value, establishes a framework for measuring fair value and prescribes disclosures about fair value measurements for its financial investments and liabilities. The guidance defines fair value as "the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date." Further, it defines a fair value hierarchy, as follows: Level 1 inputs as quoted prices in active markets for identical assets or liabilities; Level 2 inputs as observable inputs other than Level 1 prices, such as quoted market prices for similar assets or liabilities or other inputs that are observable or can be corroborated by market data; and Level 3 inputs as unobservable inputs that are supported by little or no market activity and that are financial instruments whose value is determined using pricing models or instruments for which the determination of fair value requires significant management judgment or estimation.

	Financial investments that are available to be traded on readily accessible stock exchanges (domestic or foreign) are considered to have active markets and have been valued using Level 1 inputs. Financial investments that are not available to be traded on a public market or have limited secondary markets, or contain provisions that limit the ability to sell the investment are considered to have inactive markets and have been valued using Level 2 or 3 inputs. The Company incorporated credit risk into the valuations of financial investments by estimating the likelihood of non-performance by the counterparty to the applicable transactions. The estimate included the length of time relative to the contract, financial condition of the counterparty and current market conditions. The criteria for determining if a market was active or inactive were based on the individual facts and circumstances.

	Financial Investments. The Company has maintained investments in available-for-sale securities and a number of private equity funds and other private investments, principally as part of its tax planning strategies, as any gains enhance the utilization of any current and future tax capital losses.

	Financial investments included in other assets were as follows, in millions:


		At December 31
		2013		2012
	Auction rate securities	$	22	$	22


	Total recurring investments		22		22
	Private equity funds		63		69
	Other investments		3		4


	Total non-recurring investments		66		73
	Total	$	88	$	95





	The Company's investments in available-for-sale securities included cost basis of $19 million and pre-tax unrealized gains of $3 million and had a recorded basis of $22 million at both December 31, 2013 and 2012.

	The Company's investments in private equity funds and other private investments are carried at cost. At December 31, 2013, the Company has investments in 14 venture capital funds, with an aggregate carrying value of $15 million. The venture capital funds invest in start-up or smaller, early-stage established businesses, principally in the information technology, bio-technology and health care sectors. At December 31, 2013, the Company also has investments in 15 buyout funds, with an aggregate carrying value of $48 million. The buyout funds invest in later-stage, established businesses and no buyout fund has a concentration in a particular sector.

	Recurring Fair Value Measurements. For financial investments measured at fair value on a recurring basis at each reporting period, the unrealized gains or losses (that are deemed to be temporary) are recognized, net of tax effect, through shareholders' equity, as a component of other comprehensive income. Realized gains and losses and charges for other-than-temporary impairments are included in determining net income, with related purchase costs based upon specific identification.

	In the past, the Company invested excess cash in auction rate securities. Auction rate securities are investment securities that have interest rates which are reset every 7, 28 or 35 days. The fair values of the auction rate securities held by the Company have been estimated, on a recurring basis, using a discounted cash flow model (Level 3 input). The significant inputs in the discounted cash flow model used to value the auction rate securities include: expected maturity of auction rate securities, discount rate used to determine the present value of expected cash flows and assumptions for credit defaults, since the auction rate securities are backed by credit default swap agreements.

	There were no changes in the fair value of Level 3 financial investments for the year ended December 31, 2013 or 2012.

	During 2011, the Company sold 1,974,000 shares of its investment in TriMas common stock for cash of $43 million; at December 31, 2013, 2012 and 2011, the Company did not own any shares of TriMas common stock.

	Non-Recurring Fair Value Measurements. It is not practicable for the Company to estimate a fair value for private equity funds and other private investments because there are no quoted market prices, and sufficient information is not readily available for the Company to utilize a valuation model to determine the fair value for each fund. These investments are evaluated, on a non-recurring basis, for potential other-than-temporary impairment when impairment indicators are present, or when an event or change in circumstances has occurred, that may have a significant adverse effect on the fair value of the investment.

	Impairment indicators the Company considers include the following: whether there has been a significant deterioration in earnings performance, asset quality or business prospects; a significant adverse change in the regulatory, economic or technological environment; a significant adverse change in the general market condition or geographic area in which the investment operates; industry and sector performance; current equity and credit market conditions; and any bona fide offers to purchase the investment for less than the carrying value. The Company also considers specific adverse conditions related to the financial health of and business outlook for the fund, including industry and sector performance. The significant assumptions utilized in analyzing a fund for potential other-than-temporary impairment include current economic conditions, market analysis for specific funds and performance indicators in the residential and commercial construction, bio-technology, health care and information technology sectors in which the applicable funds' investments operate. Since there is no active trading market for these investments, they are for the most part illiquid. These investments, by their nature, can also have a relatively higher degree of business risk, including financial leverage, than other financial investments. Future changes in market conditions, the future performance of the underlying investments or new information provided by private equity fund managers could affect the recorded values of such investments and the amounts realized upon liquidation. Due to the significant unobservable inputs, the fair value measurements used to evaluate impairment are a Level 3 input.

	During 2013, there were no financial investments measured on a non-recurring basis. None of the Company's investments in private equity funds, for which fair value was determined, had unrealized losses in 2013 or 2012.

	During 2012, the Company recognized a $2 million loss related to private equity funds (financial investments measured at fair value on a non-recurring basis) using significant unobservable inputs (Level 3). The remaining private equity investments in 2012 with an aggregate carrying value of $67 million, were not reviewed for impairment, as there were no indicators of impairment or identified events or changes in circumstances that would have a significant adverse effect on the fair value of the investment.

	The Company did not have any transfers between Level 1 and Level 2 financial assets in 2013 or 2012.

	Realized Gains (Losses) and Impairment Charges. Income from financial investments, net, included in other, net, within other income (expense), net, and impairment charges for financial investments were as follows, in millions:


		2013		2012			2011
	Realized gains from marketable securities	$	—	$	—		$	41
	Realized gains from private equity funds		11		24			32
	Impairment of private equity funds		—		(2	)		—


	Income from financial investments, net	$	11	$	22		$	73





The impairment charges related to the Company's financial investments recognized during 2012 were based upon then-current estimates for the fair value of certain financial investments; such estimates could change in the near-term based upon future events and circumstances.

The fair value of the Company's short-term and long-term fixed-rate debt instruments is based principally upon modeled market prices for the same or similar issues or the current rates available to the Company for debt with similar terms and remaining maturities. The aggregate estimated market value of short-term and long-term debt at December 31, 2013 was approximately $3.7 billion, compared with the aggregate carrying value of $3.4 billion. The aggregate estimated market value of short-term and long-term debt at December 31, 2012 was approximately $4.0 billion, compared with the aggregate carrying value of $3.6 billion.

DERIVATIVE_INSTRUMENTS_AND_HED

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	Dec. 31, 2013
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	'
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	'

	F. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

	The Company is exposed to global market risk as part of its normal daily business activities. To manage these risks, the Company enters into various derivative contracts. These contracts include interest rate swap agreements, foreign currency exchange contracts and contracts intended to hedge the Company's exposure to copper and zinc. The Company reviews its hedging program, derivative positions and overall risk management on a regular basis.

	Interest Rate Swap Agreements. In March 2012, in connection with the issuance of $400 million of debt, the Company terminated the interest rate swap hedge relationships that it had entered into in August 2011. These interest rate swaps were designated as cash flow hedges and effectively fixed interest rates on the forecasted debt issuance to variable rates based on 3-month LIBOR. Upon termination, the ineffective portion of the cash flow hedges of approximately $2 million loss was recognized in the Company's consolidated statement of operations in other, net. The remaining loss of approximately $23 million from the termination of these swaps is being amortized as an increase to interest expense over the remaining term of the debt, through March 2022. At December 31, 2013, the balance remaining in accumulated other comprehensive income was $19 million. In 2013, the Company recognized an increase in interest expense of $2 million related to the annual amortization of the March 2012 terminated interest rate swap.

	In 2012, the Company recognized a decrease in interest expense of $6 million, offset by interest expense of $2 million related to the cash flow hedge terminated in March 2012. In 2011, the Company recognized a decrease in interest expense of $10 million related to the amortization of gains resulting from the terminations (in 2008 and 2004) of two fair value interest rate swap agreements.

	Foreign Currency Contracts. The Company's net cash inflows and outflows exposed to the risk of changes in foreign currency exchange rates arise from the sale of products in countries other than the manufacturing source, foreign currency denominated supplier payments, debt and other payables, and investments in subsidiaries. To mitigate this risk during 2013, 2012 and 2011, the Company, including certain European operations, entered into foreign currency forward contracts and foreign currency exchange contracts.

	Gains (losses) related to foreign currency forward and exchange contracts are recorded in the Company's consolidated statements of operations in other income (expense), net. In the event that the counterparties fail to meet the terms of the foreign currency forward contracts, the Company's exposure is limited to the aggregate foreign currency rate differential with such institutions.

	Metals Contracts. During 2013, 2012 and 2011, the Company entered into several contracts to manage its exposure to increases in the price of copper and zinc. Gains (losses) related to these contracts are recorded in the Company's consolidated statements of operations in cost of sales.

	The pre-tax gains (losses) included in the Company's consolidated statements of operations are as follows, in millions:


			Twelve Months Ended December 31,
			2013			2012			2011
	Foreign Currency Contracts
	Exchange Contracts		$	2		$	(2	)	$	3
	Forward Contracts			1			—			3
	Metals Contracts			(7	)		2			(7	)


	Total gains (losses)		$	(4	)	$	—		$	(1	)







	The Company presents its net derivatives due to the right of offset by its counterparties under master netting arrangements in current assets or accrued liabilities in the consolidated balance sheet. The notional amounts being hedged and the fair value of those derivative instruments, on a gross basis, is as follows, in millions:


			At December 31, 2013
			Notional			Assets			Liabilities
			Amount			Assets			Liabilities
	Foreign Currency Contracts
	Exchange Contracts		$	53
	Current liabilities					$	—		$	2
	Forward Contracts			88
	Current liabilities						—			1
	Metals Contracts			48
	Current liabilities						—			2


	Total					$	—		$	5









			At December 31, 2012
			Notional			Assets			Liabilities
			Amount			Assets			Liabilities
	Foreign Currency Contracts
Exchange Contracts		$	172
Current liabilities					$	—		$	5
Forward Contracts			76
Current assets						1			1
Metals Contracts			35
Current liabilities						1			2


Total					$	2		$	8





The fair value of all metals and foreign currency derivative contracts is estimated on a recurring basis, quarterly, using Level 2 inputs (significant other observable inputs).

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
PROPERTY AND EQUIPMENT	Dec. 31, 2013
PROPERTY AND EQUIPMENT	'
PROPERTY AND EQUIPMENT	'

	G. PROPERTY AND EQUIPMENT


		(In Millions)
		At December 31
		2013		2012
	Land and improvements	$	135	$	140
	Buildings		809		819
	Machinery and equipment		2,046		2,054


			2,990		3,013
	Less: Accumulated depreciation		1,738		1,687


	Total	$	1,252	$	1,326





	The Company leases certain equipment and plant facilities under noncancellable operating leases. Rental expense recorded in the consolidated statements of operations totaled approximately $93 million, $94 million and $102 million during 2013, 2012 and 2011, respectively. Future minimum lease payments at December 31, 2013 were approximately as follows: 2014 – $62 million; 2015 – $47 million; 2016 – $32 million; 2017 – $20 million; 2018 – $14 million; and 2019 and beyond – $86 million.

	The Company leases operating facilities from certain related parties, primarily former owners (and in certain cases, current management personnel) of companies acquired. The Company recorded rental expense to such related parties of approximately $6 million in 2013 and $5 million in each of 2012 and 2011, respectively.

	As a result of its business rationalization activities over the last several years, at December 31, 2013 and 2012, the Company was holding several facilities for sale, within the Cabinets and Related Products segment and the Other Specialty Products segment. At December 31, 2013 and 2012, the net book value of those facilities was approximately $6 million and $14 million, respectively, and approximates fair value. Fair value was estimated using a market approach, considering the estimated fair values for the other comparable buildings in the areas where the facilities are located, Level 3 inputs.

GOODWILL_AND_OTHER_INTANGIBLE_

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS	Dec. 31, 2013
GOODWILL AND OTHER INTANGIBLE ASSETS	'
GOODWILL AND OTHER INTANGIBLE ASSETS	'

	H. GOODWILL AND OTHER INTANGIBLE ASSETS

	The changes in the carrying amount of goodwill for 2013 and 2012, by segment, were as follows, in millions:


		Gross Goodwill		Accumulated			Net Goodwill
		At December 31,		Impairment			At December 31,
		2013		Losses			2013
	Cabinets and Related Products	$	240	$	(59	)	$	181
	Plumbing Products		550		(340	)		210
	Installation and Other Services		1,806		(762	)		1,044
	Decorative Architectural Products		294		(75	)		219
	Other Specialty Products		983		(734	)		249


	Total	$	3,873	$	(1,970	)	$	1,903









		Gross Goodwill		Accumulated			Net Goodwill		Pre-tax		Additions (A)		Other (B)		Net Goodwill
		At December 31,		Impairment			At December 31,		Impairment						At December 31,
		2012		Losses			2012		Charge						2013
	Cabinets and Related Products	$	240	$	(59	)	$	181	$	—	$	—	$	—	$	181
	Plumbing Products		544		(340	)		204		—		—		6		210
	Installation and Other Services		1,806		(762	)		1,044		—		—		—		1,044
	Decorative Architectural Products		294		(75	)		219		—		—		—		219
	Other Specialty Products		980		(734	)		246		—		3		—		249


	Total	$	3,864	$	(1,970	)	$	1,894	$	—	$	3	$	6	$	1,903









		Gross Goodwill		Accumulated			Net Goodwill		Pre-tax		Additions (A)		Other (B)		Net Goodwill
		At December 31,		Impairment			At December 31,		Impairment						At December 31,
		2011		Losses			2011		Charge						2012
	Cabinets and Related Products	$	240	$	(59	)	$	181	$	—	$	—	$	—	$	181
	Plumbing Products		541		(340	)		201		—		—		3		204
	Installation and Other Services		1,806		(762	)		1,044		—		—		—		1,044
	Decorative Architectural Products		294		(75	)		219		—		—		—		219
	Other Specialty Products		980		(734	)		246		—		—		—		246


	Total	$	3,861	$	(1,970	)	$	1,891	$	—	$	—	$	3	$	1,894






(A)
Additions include acquisitions.
(B)
Other principally includes the effect of foreign currency translation.

In the fourth quarters of 2013 and 2012, the Company completed its annual impairment testing of goodwill and other indefinite-lived intangible assets. The impairment test in 2013 and 2012 indicated there was no impairment of goodwill for any of the Company's reporting units.

The impairment test in 2011 indicated that goodwill recorded for certain of the Company's reporting units was impaired. The Company recognized the non-cash, pre-tax impairment charges, in continuing operations, for goodwill of $442 million ($286 million, after tax) for 2011. In 2011, the pre-tax impairment charge in the Decorative Architectural Products segment relates to the builders' hardware business and reflects increasing competitive conditions for that business. The pre-tax impairment charge in the Other Specialty Products segment relates to the North American window and door business and reflects the continuing weak level of new home construction activity in the western U.S., the reduced levels of repair and remodel activity and the expectation that recovery in these segments will be modestly slower than anticipated. The Company then assessed the long-lived assets associated with these business units and determined no impairment was necessary at December 31, 2011.

Other indefinite-lived intangible assets were $133 million and $132 million at December 31, 2013 and 2012, respectively, and principally included registered trademarks. In 2013, the impairment test indicated there was no impairment of other intangible assets for any of the Company's reporting units. In 2012 and 2011, the impairment test indicated that the registered trademark for a North American business unit in the Other Specialty Products segment and the registered trademark for a North American business unit in the Plumbing Products segment (2011 only) were impaired due to changes in the long-term outlook for the business units. The Company recognized non-cash, pre-tax impairment charges for other indefinite-lived intangible assets of $42 million ($27 million, after tax) and $8 million ($5 million, after tax) in 2012 and 2011, respectively.

The carrying value of the Company's definite-lived intangible assets was $16 million (net of accumulated amortization of $62 million) at December 31, 2013 and $19 million at December 31, 2012 (net of accumulated amortization of $57 million) and principally included customer relationships and non-compete agreements, with a weighted average amortization period of 6 years in both 2013 and 2012. Amortization expense related to the definite-lived intangible assets of continuing operations was $5 million in 2013 and $6 million in each of 2012 and 2011.

At December 31, 2013, amortization expense related to the definite-lived intangible assets during each of the next five years was as follows: 2014 – $5 million; 2015 – $4 million; 2016 – $3 million; 2017 – $1 million; and 2018 – $1 million.

OTHER_ASSETS

OTHER ASSETS	12 Months Ended
OTHER ASSETS	Dec. 31, 2013
OTHER ASSETS	'
OTHER ASSETS	'

	I. OTHER ASSETS


		(In Millions)
		At December 31
		2013		2012
	Financial investments (Note E)	$	88	$	95
	In-store displays, net		21		35
	Debenture expense		24		25
	Notes receivable		2		2
	Other		26		27


	Total	$	161	$	184





	In-store displays are amortized using the straight-line method over the expected useful life of three to five years; the Company recognized amortization expense related to in-store displays of $19 million, $21 million and $24 million in 2013, 2012 and 2011, respectively. Cash spent for displays was $5 million, $23 million and $17 million in 2013, 2012 and 2011, respectively.

ACCRUED_LIABILITIES

ACCRUED LIABILITIES	12 Months Ended
ACCRUED LIABILITIES	Dec. 31, 2013
ACCRUED LIABILITIES	'
ACCRUED LIABILITIES	'

	J. ACCRUED LIABILITIES


		(In Millions)
		At December 31
		2013		2012
	Salaries, wages and commissions	$	210	$	189
	Insurance		166		170
	Warranty (Note U)		124		118
	Advertising and sales promotion		111		93
	Interest		58		63
	Employee retirement plans		48		40
	Income taxes payable		32		27
	Property, payroll and other taxes		28		24
	Dividends payable		27		27
	Derivative instruments (Note F)		5		6
	Plant closures		6		5
	Litigation		4		7
	Other		55		54


	Total	$	874	$	823

DEBT

DEBT	12 Months Ended
DEBT	Dec. 31, 2013
DEBT	'
DEBT	'

	K. DEBT


		(In Millions)
		At December 31
		2013		2012
	Notes and debentures:
	7.125%, due Aug. 15, 2013	$	—	$	200
	4.8%, due June 15, 2015		500		500
	6.125%, due Oct. 3, 2016		1,000		1,000
	5.85%, due Mar. 15, 2017		300		300
	6.625%, due Apr. 15, 2018		114		114
	7.125%, due Mar. 15, 2020		500		500
	5.95%, due March 15, 2022		400		400
	7.75%, due Aug. 1, 2029		296		296
	6.5%, due Aug. 15, 2032		300		300
	Other		17		18


			3,427		3,628
	Less: Current portion		6		206


	Total long-term debt	$	3,421	$	3,422





	All of the notes and debentures above are senior indebtedness and, other than the 6.625% notes due 2018 and the 7.75% notes due 2029, are redeemable at the Company's option.

	On August 15, 2013, the Company repurchased and retired all of its $200 million, 7.125% Notes on the scheduled retirement date.

	On March 5, 2012, the Company issued $400 million of 5.95% Notes ("the Notes") due March 15, 2022. Including the interest rate swap amortization, the effective interest rate for the Notes is approximately 6.5%, see Note F. The Notes are senior indebtedness and are redeemable at the Company's option.

	In January 2012, the Company repurchased $46 million of 5.875% Notes due July 15, 2012 in open-market transactions; the Company paid a premium of $1 million for the repurchase. In July 2012, the Company retired all of its $745 million of 5.875% Notes on the scheduled retirement date.

	On March 28, 2013, the Company entered into a Credit Agreement (the "Credit Agreement") with a bank group, with an aggregate commitment of $1.25 billion and a maturity date of March 28, 2018. Upon entry into the Credit Agreement, the Company's credit agreement dated as of June 21, 2010, as amended, with an aggregate commitment of $1.25 billion, was terminated.

	The Credit Agreement provides for an unsecured revolving credit facility available to the Company and one of its foreign subsidiaries, in U.S. dollars, European euros and certain other currencies. Borrowings under the revolver denominated in euros are limited to $500 million, equivalent. The Company can also borrow swingline loans up to $150 million and obtain letters of credit of up to $250 million; any outstanding Letters of Credit, under the Credit Agreement, reduce the Company's borrowing capacity. At December 31, 2013, the Company had $92 million of outstanding and unused Letters of Credit, reducing the Company's borrowing capacity by such amount.

	Revolving credit loans bear interest under the Credit Agreement, at the Company's option, at (A) a rate per annum equal to the greater of (i) the prime rate, (ii) the Federal Funds effective rate plus 0.50% and (iii) LIBOR plus 1.0% (the "Alternative Base Rate"); plus an applicable margin based upon the then applicable corporate credit ratings of the Company; or (B) LIBOR plus an applicable margin based upon the then applicable corporate credit ratings of the Company. The foreign currency revolving credit loans bear interest at a rate equal to LIBOR plus an applicable margin based upon the then applicable corporate credit ratings of the Company.

	The Credit Agreement contains financial covenants requiring the Company to maintain (A) a maximum debt to total capitalization ratio, as adjusted for certain items, of 65 percent, and (B) a minimum interest coverage ratio, as adjusted for certain items, equal to or greater than 2.5 to 1.0. The debt to total capitalization ratio allows the add-back, if incurred, of up to the first $250 million of certain non-cash charges, including goodwill and other intangible asset impairment charges, occurring from and after January 1, 2012 that would negatively impact shareholders' equity.

	Based on the limitations of the debt to total capitalization ratio covenant in the Credit Agreement, at December 31, 2013, the Company had additional borrowing capacity, subject to availability, of up to $1.2 billion. Additionally, at December 31, 2013, the Company could absorb a reduction to shareholders' equity of approximately $770 million and remain in compliance with the debt to total capitalization covenant.

	In order for the Company to borrow under the Credit Agreement, there must not be any default in the Company's covenants in the new Credit Agreement (i.e., in addition to the two financial covenants, principally limitations on subsidiary debt, negative pledge restrictions, legal compliance requirements and maintenance of properties and insurance) and the Company's representations and warranties in the Credit Agreement must be true in all material respects on the date of borrowing (i.e., principally no material adverse change or litigation likely to result in a material adverse change, since December 31, 2012, in each case, no material ERISA or environmental non-compliance and no material tax deficiency). At December 31, 2013 and 2012, the Company was in compliance with all covenants and no borrowings have been made under the Credit Agreement.

	At December 31, 2013, the debt maturities during each of the next five years were as follows: 2014 – $6 million; 2015 – $501 million; 2016 – $1,001 million; 2017 – $301 million; and 2018 – $115 million.

	Interest paid was $232 million, $269 million and $254 million in 2013, 2012 and 2011, respectively.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
STOCK-BASED COMPENSATION	Dec. 31, 2013
STOCK-BASED COMPENSATION	'
STOCK-BASED COMPENSATION	'

	L. STOCK-BASED COMPENSATION

	The Company's 2005 Long Term Stock Incentive Plan (the "2005 Plan") provides for the issuance of stock-based incentives in various forms to employees and non-employee Directors of the Company. At December 31, 2013, outstanding stock-based incentives were in the form of long-term stock awards, stock options, phantom stock awards and stock appreciation rights.

	Pre-tax compensation expense and the related income tax benefit for these stock-based incentives were as follows, in millions:


			2013			2012			2011
	Long-term stock awards		$	34		$	35		$	39
	Stock options			13			15			21
	Phantom stock awards and stock appreciation rights			7			11			1


	Total		$	54		$	61		$	61




	Income tax benefit (37 percent tax rate – before valuation allowance)		$	20		$	23		$	23





	At December 31, 2013, a total of 9.3 million shares of Company common stock were available under the 2005 Plan for the granting of stock options and other long-term stock incentive awards.

	Long-Term Stock Awards. Long-term stock awards are granted to key employees and non-employee Directors of the Company and do not cause net share dilution inasmuch as the Company continues the practice of repurchasing and retiring an equal number of shares in the open market. The Company granted 1,743,180 shares of long-term stock awards during 2013.

	The Company's long-term stock award activity was as follows, shares in millions:


			2013			2012			2011
	Unvested stock award shares at January 1			8			10			10
	Weighted average grant date fair value		$	16		$	17		$	19
	Stock award shares granted			2			1			2
	Weighted average grant date fair value		$	20		$	12		$	13
	Stock award shares vested			2			2			2
	Weighted average grant date fair value		$	17		$	18		$	20
	Stock award shares forfeited			—			1			—
	Weighted average grant date fair value		$	16		$	17		$	18
	Unvested stock award shares at December 31			8			8			10
	Weighted average grant date fair value		$	17		$	16		$	17

	At December 31, 2013, 2012 and 2011, there was $69 million, $72 million and $107 million, respectively, of total unrecognized compensation expense related to unvested stock awards; such awards had a weighted average remaining vesting period of three years for 2013, four years for 2012 and four years for 2011.

	The total market value (at the vesting date) of stock award shares which vested during 2013, 2012 and 2011 was $38 million, $27 million and $28 million, respectively.

	Stock Options. Stock options are granted to key employees of the Company. The exercise price equals the market price of the Company's common stock at the grant date. These options generally become exercisable (vest ratably) over five years beginning on the first anniversary from the date of grant and expire no later than 10 years after the grant date.

	The Company granted 899,000 of stock option shares during 2013 with a grant date exercise price approximating $20 per share. During 2013, 3.8 million stock option shares were forfeited (including options that expired unexercised).

	The Company's stock option activity was as follows, shares in millions:


			2013			2012			2011
	Option shares outstanding, January 1			30			36			37
	Weighted average exercise price		$	21		$	21		$	21
	Option shares granted			1			1			2
	Weighted average exercise price		$	20		$	12		$	13
	Option shares exercised			3			1			—
	Aggregate intrinsic value on date of exercise (A)		$	23 million		$	5 million		$	1 million
	Weighted average exercise price		$	12		$	10		$	8
Option shares forfeited			4			6			3
Weighted average exercise price		$	26		$	19		$	22
Option shares outstanding, December 31			24			30			36
Weighted average exercise price		$	22		$	21		$	21
Weighted average remaining option term (in years)			4			5			5
Option shares vested and expected to vest, December 31			24			30			36
Weighted average exercise price		$	22		$	21		$	21
Aggregate intrinsic value (A)		$	109 million		$	55 million		$	12 million
Weighted average remaining option term (in years)			4			5			5
Option shares exercisable (vested), December 31			20			23			24
Weighted average exercise price		$	24		$	24		$	25
Aggregate intrinsic value (A)		$	62 million		$	22 million		$	4 million
Weighted average remaining option term (in years)			3			4			4


(A)
Aggregate intrinsic value is calculated using the Company's stock price at each respective date, less the exercise price (grant date price) multiplied by the number of shares.

At December 31, 2013, 2012 and 2011, there was $9 million, $15 million and $33 million, respectively, of unrecognized compensation expense (using the Black-Scholes option pricing model at the grant date) related to unvested stock options; such options had a weighted average remaining vesting period of two years in 2013, two years in 2012 and three years in 2011.

The weighted average grant date fair value of option shares granted and the assumptions used to estimate those values using a Black-Scholes option pricing model were as follows:


		2013			2012			2011
Weighted average grant date fair value		$	8.35		$	4.44		$	5.07
Risk-free interest rate			1.22	%		1.09	%		2.69	%
Dividend yield			1.47	%		2.57	%		2.35	%
Volatility factor			49.07	%		50.97	%		49.03	%
Expected option life			6 years			6 years			6 years

The following table summarizes information for stock option shares outstanding and exercisable at December 31, 2013, shares in millions:


Option Shares Outstanding											Option Shares Exercisable
Range of			Number of			Weighted		Weighted			Number of		Weighted
Prices			Shares			Average		Average			Shares		Average
						Remaining		Exercise					Exercise
						Option		Price					Price
						Term
$	21-Aug			13		6 Years		$	14			8	$	15
$	26 - 28			3		2 Years		$	27			3	$	27
$	29 - 31			8		2 Years		$	30			9	$	30
$	33 - 36			—		2 Years		$	34			—	$	34


$	Aug-36			24		4 Years		$	22			20	$	24





Phantom Stock Awards and Stock Appreciation Rights ("SARs"). The Company grants phantom stock awards and SARs to certain non-U.S. employees.

Phantom stock awards are linked to the value of the Company's common stock on the date of grant and are settled in cash upon vesting, typically over 5 to 10 years. The Company accounts for phantom stock awards as liability-based awards; the compensation expense is initially measured as the market price of the Company's common stock at the grant date and is recognized over the vesting period. The liability is remeasured and adjusted at the end of each reporting period until the awards are fully-vested and paid to the employees. The Company recognized expense of $5 million, $7 million and $2 million related to the valuation of phantom stock awards for 2013, 2012 and 2011, respectively. In 2013, 2012 and 2011, the Company granted 165,180 shares, 162,310 shares and 349,550 shares, respectively, of phantom stock awards with an aggregate fair value of $3 million, $2 million and $4 million, respectively, and paid $4 million, $3 million and $2 million of cash in 2013, 2012 and 2011, respectively, to settle phantom stock awards.

SARs are linked to the value of the Company's common stock on the date of grant and are settled in cash upon exercise. The Company accounts for SARs using the fair value method, which requires outstanding SARs to be classified as liability-based awards and valued using a Black-Scholes option pricing model at the grant date; such fair value is recognized as compensation expense over the vesting period, typically five years. The liability is remeasured and adjusted at the end of each reporting period until the SARs are exercised and payment is made to the employees or the SARs expire. The Company recognized expense (income) of $2 million, $4 million and $(1) million related to the valuation of SARs for 2013, 2012 and 2011, respectively. During 2013, 2012 and 2011, the Company did not grant any SARs.

Information related to phantom stock awards and SARs was as follows, in millions:


		Phantom						Stock
		Stock						Appreciation
		Awards						Rights
		At December 31,						At December 31,
		2013			2012			2013			2012
Accrued compensation cost liability		$	14		$	11		$	8		$	6
Unrecognized compensation cost		$	4		$	5		$	—		$	1
Equivalent common shares			1			1			2			2

EMPLOYEE_RETIREMENT_PLANS

EMPLOYEE RETIREMENT PLANS	12 Months Ended
EMPLOYEE RETIREMENT PLANS	Dec. 31, 2013
EMPLOYEE RETIREMENT PLANS	'
EMPLOYEE RETIREMENT PLANS	'

	M. EMPLOYEE RETIREMENT PLANS

	The Company sponsors qualified defined-benefit and defined-contribution retirement plans for most of its employees. In addition to the Company's qualified defined-benefit pension plans, the Company has unfunded non-qualified defined-benefit pension plans covering certain employees, which provide for benefits in addition to those provided by the qualified pension plans. Substantially all salaried employees participate in non-contributory defined-contribution retirement plans, to which payments are determined annually by the Organization and Compensation Committee of the Board of Directors. Aggregate charges to earnings under the Company's defined-benefit and defined-contribution retirement plans were $31 million and $54 million in 2013, $36 million and $43 million in 2012 and $34 million and $31 million in 2011, respectively.

	In addition, the Company participates in 20 regional multi-employer pension plans, principally related to building trades; none of the plans are considered significant. The aggregate expense recognized through contributions by the Company to these plans was approximately $4 million, $4 million and $3 million in 2013, 2012 and 2011, respectively.

	In March 2009, based on management's recommendation, the Board of Directors approved a plan to freeze all future benefit accruals under substantially all of the Company's domestic qualified and non-qualified defined-benefit pension plans. The freeze was effective January 1, 2010.

	Changes in the projected benefit obligation and fair value of plan assets, and the funded status of the Company's defined-benefit pension plans were as follows, in millions:


			2013						2012
			Qualified			Non-Qualified			Qualified			Non-Qualified
	Changes in projected benefit obligation:
	Projected benefit obligation at January 1		$	1,056		$	181		$	943		$	174
	Service cost			3			—			2			—
	Interest cost			40			6			42			7
	Actuarial (gain) loss, net			(81	)		(13	)		100			11
	Foreign currency exchange			7			—			9			—
	Benefit payments			(42	)		(11	)		(40	)		(11	)


	Projected benefit obligation at December 31		$	983		$	163		$	1,056		$	181




	Changes in fair value of plan assets:
	Fair value of plan assets at January 1		$	594		$	—		$	504		$	—
	Actual return on plan assets			65			—			75			—
	Foreign currency exchange			2			—			4			—
	Company contributions			44			11			55			11
	Expenses, other			(4	)		—			(4	)		—
	Benefit payments			(42	)		(11	)		(40	)		(11	)


	Fair value of plan assets at December 31		$	659		$	—		$	594		$	—




	Funded status at December 31:		$	(324	)	$	(163	)	$	(462	)	$	(181	)





	Amounts in the Company's consolidated balance sheets were as follows, in millions:


			At December 31, 2013						At December 31, 2012
			Qualified			Non-Qualified			Qualified			Non-Qualified
	Accrued liabilities		$	(3	)	$	(12	)	$	(3	)	$	(12	)
	Deferred income taxes and other			(321	)		(151	)		(459	)		(169	)


	Total net liability		$	(324	)	$	(163	)	$	(462	)	$	(181	)





Unrealized loss included in accumulated other comprehensive income before income taxes were as follows, in millions:


		At December 31, 2013						At December 31, 2012
		Qualified			Non-Qualified			Qualified			Non-Qualified
Net loss		$	344		$	38		$	467		$	53
Net transition obligation			1			—			1			—
Net prior service cost			2			—			2			—


Total		$	347		$	38		$	470		$	53





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


		At December 31
		2013						2012
		Qualified			Non-Qualified			Qualified			Non-Qualified
Projected benefit obligation		$	983		$	163		$	1,056		$	181
Accumulated benefit obligation		$	982		$	163		$	1,054		$	181
Fair value of plan assets		$	659		$	—		$	594		$	—

The projected benefit obligation was in excess of plan assets for all of the Company's qualified defined-benefit pension plans at December 31, 2013 and 2012.

Net periodic pension cost for the Company's defined-benefit pension plans was as follows, in millions:


		2013						2012						2011
		Qualified			Non-Qualified			Qualified			Non-Qualified			Qualified			Non-Qualified
Service cost		$	3		$	—		$	2		$	—		$	2		$	—
Interest cost			44			6			46			7			47			8
Expected return on plan assets			(40	)		—			(35	)		—			(36	)		—
Recognized prior service cost			—			—			—			—			—			—
Recognized net loss			16			2			14			2			10			1


Net periodic pension cost		$	23		$	8		$	27		$	9		$	23		$	9





The Company expects to recognize $13 million of pre-tax net loss from accumulated other comprehensive income into net periodic pension cost in 2014 related to its defined-benefit pension plans.

Plan Assets. The Company's qualified defined-benefit pension plan weighted average asset allocation, which is based upon fair value, was as follows:


		At December 31
		2013			2012
Equity securities			47	%		44	%
Debt securities			35	%		41	%
Other			18	%		15	%


Total			100	%		100	%





Plan assets included 600,000 shares of Company common stock valued at $10 million at December 31, 2012. The shares of Company common stock were sold in 2013.

The Company's qualified defined-benefit pension plans have adopted accounting guidance that defines fair value, establishes a framework for measuring fair value and prescribes disclosures about fair value measurements. Accounting guidance defines fair value as "the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date."

Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2013.

Common and Preferred Stocks: Valued at the closing price on the active market on which the individual securities are traded, or based on the active market for similar securities.

Private Equity and Hedge Funds: Valued based on an estimated fair value using either a market approach or an income approach, each of which requires a significant degree of judgment. There is no active trading market for these investments and they are for the most part illiquid. Due to the significant unobservable inputs, the fair value measurements used to estimate fair value are a Level 3 input.

Corporate Debt Securities: Valued based on the active market for similar securities or on estimated fair value.

Government and Other Debt Securities: Valued based on either the closing price reported on the active market on which the individual securities are traded, the market for similar securities or estimated fair value based on a model for similar securities.

Common Collective Trust Fund: Valued based on a unit value basis, which approximates fair value as of December 31, 2013 and 2012, respectively. Such basis is determined by reference to the respective fund's underlying assets, which are primarily marketable equity and fixed income securities. There are no unfunded commitments or other restrictions associated with this fund.

Short-Term and Other Investments: Valued based on a net asset value (NAV) which approximates fair value at December 31, 2013 and 2012, respectively. Such basis is determined by referencing the respective fund's underlying assets.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following table sets forth by level, within the fair value hierarchy, the qualified defined-benefit pension plan assets at fair value as of December 31, 2013 and 2012, in millions.


		Assets at Fair Value as of
		December 31, 2013
		Level 1			Level 2			Level 3			Total
Common and Preferred Stocks:
United States		$	143		$	107		$	—		$	250
International			46			16			—			62
Private Equity and Hedge Funds
United States			—			—			52			52
International			—			—			24			24
Corporate Debt Securities:
United States			15			25			—			40
International			—			61			—			61
Government and Other Debt Securities:
United States			79			1			—			80
International			23			27			—			50
Common Collective Trust Fund – United States			—			3			—			3
Short-Term and Other Investments
United States			2			2			—			4
International			10			6			17			33


Total Assets at Fair Value		$	318		$	248		$	93		$	659









		Assets at Fair Value as of
		December 31, 2012
		Level 1			Level 2			Level 3			Total
Common and Preferred Stocks:
United States		$	127		$	61		$	—		$	188
International			61			10			—			71
Private Equity and Hedge Funds
United States			—			—			52			52
International			—			—			11			11
Corporate Debt Securities:
United States			—			25			—			25
International			—			73			—			73
Government and Other Debt Securities:
United States			51			42			—			93
International			24			29			—			53
Common Collective Trust Fund – United States			—			12			—			12
Short-Term and Other Investments
United States			1			—			—			1
International			—			—			15			15


Total Assets at Fair Value		$	264		$	252		$	78		$	594





Changes in the fair value of the qualified defined-benefit pension plan level 3 assets, were as follows, in millions:


		Year Ended			Year Ended
		December 31, 2013			December 31, 2012
Fair Value, January 1		$	78		$	72
Purchases			25			9
Sales			(14	)		(8	)
Transfers from Level 2 to Level 3			—			—
Unrealized gains (losses)			4			5


Fair Value, December 31		$	93		$	78





Assumptions. Major assumptions used in accounting for the Company's defined-benefit pension plans were as follows:


		December 31
		2013			2012			2011
Discount rate for obligations			4.4	%		3.8	%		4.4	%
Expected return on plan assets			7.25	%		7.25	%		7.25	%
Rate of compensation increase			—	%		—	%		—	%
Discount rate for net periodic pension cost			3.8	%		4.4	%		5.3	%

The discount rate for obligations for 2013 and 2012 was based upon the expected duration of each defined-benefit pension plan's liabilities matched to the December 31, 2013 and 2012 Towers Watson Rate Link Curve. At December 31, 2013, such rates for the Company's defined-benefit pension plans ranged from 1.75 percent to 4.80 percent, with the most significant portion of the liabilities having a discount rate for obligations of 4.20 percent or higher. At December 31, 2012, such rates for the Company's defined-benefit pension plans ranged from 1.75 percent to 4.50 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.40 percent or higher. The increase in the weighted average discount rate over the last year is principally the result of increasing long-term interest rates in the bond markets. The weighted average discount rates were also affected by the freezing of all future benefit accruals for substantially all of the Company's domestic qualified and non-qualified defined-benefit plans, which shortened the period of future payments.

For 2013 and 2012, the Company determined the expected long-term rate of return on plan assets of 7.25 percent based upon an analysis of expected and historical rates of return of various asset classes utilizing the current and long-term target asset allocation of the plan assets. The projected asset return at both December 31, 2013 and 2012 also considered near term returns, including current market conditions and also that pension assets are long-term in nature. The actual annual rate of return on the Company's pension plan assets was 5.9 percent and 6.9 percent for the 10-year periods ended December 31, 2013 and 2012, respectively. Although these rates of return are less than the Company's current expected long-term rate of return on plan assets, the Company notes that the 10-year period ended December 31, 2012 includes one significant decline in the equity markets. In 2013, actual annual rate of return on the Company's pension plan assets was 13.6 percent. Accordingly, the Company believes a 7.25 percent expected long-term rate of return is reasonable.

The investment objectives seek to minimize the volatility of the value of the Company's plan assets relative to pension liabilities and to ensure plan assets are sufficient to pay plan benefits. In 2013, the Company achieved its targeted asset allocation: 38 percent equities, 22 percent fixed-income, 20 percent global assets (combination of equity and fixed-income) and 20 percent alternative investments (such as private equity, commodities and hedge funds). The asset allocation of the investment portfolio was developed with the objective of achieving the Company's expected rate of return and reducing volatility of asset returns, and considered the freezing of future benefits. The equity portfolios are invested in individual securities or funds that are expected to mirror broad market returns for equity securities. The fixed-income portfolio is invested in corporate bonds, bond index funds or U.S. Treasury securities. The increased allocation to fixed-income securities partially matches the bond-like and long-term nature of the pension liabilities. It is expected that the alternative investments would have a higher rate of return than the targeted overall long-term return of 7.25 percent. However, these investments are subject to greater volatility, due to their nature, than a portfolio of equities and fixed-income investments, and would be less liquid than financial instruments that trade on public markets. This portfolio is expected to yield a long-term rate of return of 7.25 percent.

The fair value of the Company's plan assets is subject to risk including significant concentrations of risk in the Company's plan assets related to equity, interest rate and operating risk. In order to ensure plan assets are sufficient to pay benefits, a portion of plan assets is allocated to equity investments that are expected, over time, to earn higher returns with more volatility than fixed-income investments which more closely match pension liabilities. Within equity, risk is mitigated by targeting a portfolio that is broadly diversified by geography, market capitalization, manager mandate size, investment style and process.

In order to minimize asset volatility relative to the liabilities, a portion of plan assets are allocated to fixed-income investments that are exposed to interest rate risk. Rate increases generally will result in a decline in fixed-income assets, while reducing the present value of the liabilities. Conversely, rate decreases will increase fixed income assets, partially offsetting the related increase in the liabilities.

Potential events or circumstances that could have a negative effect on estimated fair value include the risks of inadequate diversification and other operating risks. To mitigate these risks, investments are diversified across and within asset classes in support of investment objectives. Policies and practices to address operating risks include ongoing manager oversight, plan and asset class investment guidelines and instructions that are communicated to managers, and periodic compliance and audit reviews to ensure adherence to these policies. In addition, the Company periodically seeks the input of its independent advisor to ensure the investment policy is appropriate.

Other. The Company sponsors certain post-retirement benefit plans that provide medical, dental and life insurance coverage for eligible retirees and dependents in the United States based upon age and length of service. The aggregate present value of the unfunded accumulated post-retirement benefit obligation was $10 million and $12 million at December 31, 2013 and 2012, respectively.

Cash Flows. At December 31, 2013, the Company expected to contribute approximately $45 million to its qualified defined-benefit pension plans to meet ERISA requirements in 2014. The Company also expected to pay benefits of $7 million and $12 million to participants of its foreign and non-qualified (domestic) defined-benefit pension plans, respectively, in 2014.

At December 31, 2013, the benefits expected to be paid in each of the next five years, and in aggregate for the five years thereafter, relating to the Company's defined-benefit pension plans, were as follows, in millions:


		Qualified			Non-Qualified
		Plans			Plans
2014		$	45		$	12
2015		$	47		$	12
2016		$	48		$	12
2017		$	49		$	12
2018		$	50		$	12
2019 - 2023		$	273		$	59

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	12 Months Ended
SHAREHOLDERS' EQUITY	Dec. 31, 2013
SHAREHOLDERS' EQUITY	'
SHAREHOLDERS' EQUITY	'

	N. SHAREHOLDERS' EQUITY

	In July 2007, the Company's Board of Directors authorized the repurchase for retirement of up to 50 million shares of the Company's common stock in open-market transactions or otherwise. The Company had remaining authorization to repurchase up to 22.6 million shares and 24.3 million shares at December 31, 2013 and 2012, respectively.

	During 2013, the Company repurchased and retired 1.7 million shares of Company common stock for cash aggregating $35 million, to offset the dilutive impact of the 2013 grant of 1.7 million shares of long-term stock awards. During 2012, the Company repurchased and retired one million shares of Company common stock, for cash aggregating $8 million to offset the dilutive impact of the 2012 grant of one million shares of long-term stock awards. The Company repurchased and retired two million common shares in 2011 for cash aggregating $30 million.

	On the basis of amounts paid (declared), cash dividends per common share were $.30 ($.30) in each of 2013, 2012 and 2011.

	Accumulated Other Comprehensive Income. The components of accumulated other comprehensive income attributable to Masco Corporation were as follows, in millions:


		At December 31
		2013			2012
	Cumulative translation adjustments	$	418		$	501
	Unrealized loss on marketable securities, net		(12	)		(12	)
	Unrealized loss on interest rate swaps		(19	)		(21	)
	Unrecognized prior service cost and net loss, net		(272	)		(409	)


	Accumulated other comprehensive income	$	115		$	59





	The unrealized loss on marketable securities, net, is reported net of income tax expense of $14 million at both December 31, 2013 and 2012. The unrecognized prior service cost and net loss, net, is reported net of income tax benefit of $105 million and $107 million at December 31, 2013 and 2012.

RECLASSIFICATIONS_FROM_OTHER_C

RECLASSIFICATIONS FROM OTHER COMPREHENSIVE INCOME	12 Months Ended
RECLASSIFICATIONS FROM OTHER COMPREHENSIVE INCOME	Dec. 31, 2013
RECLASSIFICATIONS FROM OTHER COMPREHENSIVE INCOME	'
RECLASSIFICATIONS FROM OTHER COMPREHENSIVE INCOME	'

	O. RECLASSIFICATIONS FROM OTHER COMPREHENSIVE INCOME

	The reclassifications from accumulated other comprehensive income to the income statement were as follows, in millions:


		Amount Reclassified
		Twelve Months Ended December 31,
	Accumulated Other	2013		2012			2011		Income Statement Line Item
	Comprehensive Income	2013		2012			2011		Income Statement Line Item
	Amortization of defined benefit pension:
	Actuarial losses, net	$	18	$	16		$	11	Selling, General & Administrative Expense
			2		(9	)		5	Tax expense (benefit)


		$	20	$	7		$	16	Net of tax




	Interest rate swaps	$	2	$	2		$	—	Interest expense
			—		—			—	Tax expense


		$	2	$	2		$	—	Net of tax

SEGMENT_INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Dec. 31, 2013
SEGMENT INFORMATION	'
SEGMENT INFORMATION	'

	P. SEGMENT INFORMATION

	The Company's reportable segments are as follows:

	Cabinets and Related Products – principally includes assembled kitchen and bath cabinets; home office workstations; entertainment centers; storage products; bookcases; and kitchen utility products.

	Plumbing Products – principally includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; and spas.

	Installation and Other Services – principally includes the sale, installation and distribution of insulation and other building products.

	Decorative Architectural Products – principally includes paints and stains; and cabinet, door, window and other hardware.

	Other Specialty Products – principally includes windows, window frame components and patio doors; staple gun tackers, staples and other fastening tools.

	The above products and services are sold to the home improvement and new home construction markets through mass merchandisers, hardware stores, home centers, builders, distributors and other outlets for consumers and contractors.

	The Company's operations are principally located in North America and Europe. The Company's country of domicile is the United States of America.

	Corporate assets consist primarily of real property, equipment, cash and cash investments and other investments.

	The Company's segments are based upon similarities in products and services and represent the aggregation of operating units, for which financial information is regularly evaluated by the Company's corporate operating executives in determining resource allocation and assessing performance, and is periodically reviewed by the Board of Directors. Accounting policies for the segments are the same as those for the Company. The Company primarily evaluates performance based upon operating profit (loss) and, other than general corporate expense, allocates specific corporate overhead to each segment. The evaluation of segment operating profit (loss) also excludes the charge for litigation settlements, net, and the gain on sale of fixed assets, net.

	Information about the Company by segment and geographic area was as follows, in millions:


			Net Sales									Operating Profit (Loss) (5)(6)									Assets at
			(1)(2)(3)(4)(5)									Operating Profit (Loss) (5)(6)									December 31 (9)(10)
			2013			2012			2011			2013			2012			2011			2013			2012			2011
	The Company's operations by segment were:
	Cabinets and Related Products		$	1,014		$	939		$	934		$	(10	)	$	(89	)	$	(126	)	$	659		$	700		$	792
	Plumbing Products			3,183			2,955			2,913			394			307			322			2,040			2,012			1,959
	Installation and Other Services			1,412			1,209			1,077			37			(19	)		(79	)		1,465			1,444			1,427
	Decorative Architectural Products			1,927			1,818			1,670			351			329			196			812			799			770
	Other Specialty Products			637			574			576			35			(31	)		(401	)		693			704			768


	Total		$	8,173		$	7,495		$	7,170		$	807		$	497		$	(88	)	$	5,669		$	5,659		$	5,716




	The Company's operations by geographic area were:
	North America		$	6,634		$	6,046		$	5,669		$	649		$	360		$	(259	)	$	4,295		$	4,363		$	4,441
	International, principally Europe			1,539			1,449			1,501			158			137			171			1,374			1,296			1,275


	Total, as above		$	8,173		$	7,495		$	7,170			807			497			(88	)		5,669			5,659			5,716




	General corporate expense, net (7)												(134	)		(126	)		(118	)
	Charge for litigation settlements, net (8)												—			(77	)		(9	)
	Gain from sales of fixed assets, net												—			8			—


	Operating profit (loss), as reported												673			302			(215	)
													(239	)		(229	)		(177	)
	Other income (expense), net												(239	)		(229	)		(177	)


	Income (loss) from continuing operations before income taxes											$	434		$	73		$	(392	)




Corporate assets																					1,264			1,013			1,339
Assets held for sale																					—			203			242


Total assets																				$	6,933		$	6,875		$	7,297









											Depreciation and Amortization (5)
		Property Additions (5)									2013			2012			2011
		2013			2012			2011			2013			2012			2011
The Company's operations by segment were:
Cabinets and Related Products		$	9		$	15		$	14		$	42		$	57		$	66
Plumbing Products			71			67			85			65			69			68
Installation and Other Services			14			11			9			27			30			32
Decorative Architectural Products			16			11			8			17			15			15
Other Specialty Products			10			11			17			22			21			48


			120			115			133			173			192			229
Unallocated amounts, principally related to corporate assets			4			2			6			11			11			16


Total		$	124		$	117		$	139		$	184		$	203		$	245









-1
Included in net sales were export sales from the U.S. of $227 million, $229 million and $241 million in 2013, 2012 and 2011, respectively.

-2
Excluded from net sales were intra-company sales between segments of approximately two percent of net sales in each of 2013, 2012 and 2011.

-3
Included in net sales were sales to one customer of $2,280 million, $2,143 million and $1,984 million in 2013, 2012 and 2011, respectively. Such net sales were included in the following segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products.

-4
Net sales from the Company's operations in the U.S. were $6,359 million, $5,793 million and $5,394 million in 2013, 2012 and 2011, respectively.

-5
Net sales, operating (loss) profit, property additions and depreciation and amortization expense for 2013, 2012 and 2011 excluded the results of businesses reported as discontinued operations in 2013, 2012 and 2011.

-6
Included in segment operating profit (loss) for 2012 was an impairment charge for other intangible assets as follows: Other Specialty Products – $42 million. Included in segment operating (loss) profit for 2011 were impairment charges for goodwill and other intangible assets as follows: Plumbing Products – $1 million; Decorative Architectural Products – $75 million; and Other Specialty Products – $374 million.

-7
General corporate expense, net included those expenses not specifically attributable to the Company's segments.

-8
The charge for litigation settlement, net in 2012 primarily relates to a business in the Installation and Other Services segment and in 2011 relates to business units in the Cabinets and Related Products and the Other Specialty Products segments.

-9
Long-lived assets of the Company's operations in the U.S. and Europe were $2,685 million and $481 million, $2,792 million and $467 million, and $2,962 million and $455 million at December 31, 2013, 2012 and 2011, respectively.

-10
Segment assets for 2012 and 2011 excluded the assets of businesses reported as discontinued operations in the respective years.

SEVERANCE_COSTS

SEVERANCE COSTS	12 Months Ended
SEVERANCE COSTS	Dec. 31, 2013
SEVERANCE COSTS	'
SEVERANCE COSTS	'

	Q. SEVERANCE COSTS

	As part of the Company's continuing review of its operations, actions were taken during 2013, 2012 and 2011 to respond to market conditions. The Company recorded charges related to severance and early retirement programs of $20 million, $35 million and $15 million for the years ended December 31, 2013, 2012 and 2011, respectively. Such charges are principally reflected in the statement of operations in selling, general and administrative expenses and were paid when incurred.

OTHER_INCOME_EXPENSE_NET

OTHER INCOME (EXPENSE), NET	12 Months Ended
OTHER INCOME (EXPENSE), NET	Dec. 31, 2013
OTHER INCOME (EXPENSE), NET	'
OTHER INCOME (EXPENSE), NET	'

	R. OTHER INCOME (EXPENSE), NET

	Other, net, which is included in other income (expense), net, was as follows, in millions:


		2013			2012			2011
	Income from cash and cash investments	$	3		$	6		$	8
	Other interest income		2			1			1
	Income from financial investments, net (Note E)		11			22			73
	Other items, net		(20	)		(4	)		(5	)


	Total other, net	$	(4	)	$	25		$	77





	In 2013, in conjunction with the transaction to sell the Danish ready-to-assemble cabinet business (included in discontinued operations), the Company also disposed of a related Danish holding company. This disposition triggered the settlement of loans, which resulted in the recognition of $18 million of currency translation expense, which is included in other income (expense) from continuing operations in the statement of operations.

	Other items, net, included realized foreign currency transaction losses of $18 million (discussed above), $2 million and $5 million in 2013, 2012 and 2011, respectively, as well as other miscellaneous items.

INCOME_TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2013
INCOME TAXES	'
INCOME TAXES	'

	S. INCOME TAXES


						(In Millions)
			2013			2012			2011
	Income (loss) from continuing operations before income taxes:
	U.S.		$	279		$	(84	)	$	(575	)
	Foreign			155			157			183


			$	434		$	73		$	(392	)




	Income tax expense (benefit) on income (loss) from continuing operations:
	Currently payable:
	U.S. Federal		$	3		$	—		$	—
	State and local			4			(2	)		(1	)
	Foreign			58			51			63
	Deferred:
	U.S. Federal			41			31			(103	)
	State and local			7			7			—
	Foreign			(2	)		4			1


			$	111		$	91		$	(40	)




	Deferred tax assets at December 31:
	Receivables		$	12		$	14
	Inventories			23			24
	Other assets, principally stock-based compensation			103			118
	Accrued liabilities			157			156
	Long-term liabilities			195			253
	Net operating loss carryforward			317			400
	Tax credit carryforward			38			25


				845			990
	Valuation allowance			(670	)		(787	)


				175			203


	Deferred tax liabilities at December 31:
	Property and equipment			148			180
	Intangibles			342			286
	Investment in foreign subsidiaries			5			8
	Other			4			9


				499			483


	Net deferred tax liability at December 31		$	324		$	280





At December 31, 2013 and 2012, the net deferred tax liability consisted of net short-term deferred tax assets included in prepaid expenses and other of $73 million and $41 million, respectively, and net long-term deferred tax liabilities included in deferred income taxes and other of $397 million and $321 million, respectively.

The current portion of the state and local income tax includes an $8 million, $14 million and $10 million tax benefit from the reversal of an accrual for uncertain tax positions resulting primarily from the expiration of applicable statutes of limitations and favorable settlements on state audits in 2013, 2012 and 2011, respectively. The deferred portion of the state and local taxes includes a $13 million, $26 million and $31 million non-cash charge to income tax expense resulting from a change in the valuation allowance against state and local deferred tax assets in 2013, 2012 and 2011, respectively.

The accounting guidance for income taxes requires that the future realization of deferred tax assets depends on the existence of sufficient taxable income in future periods. Possible sources of taxable income include taxable income in carryback periods, the future reversal of existing taxable temporary differences recorded as a deferred tax liability, tax-planning strategies that generate future income or gains in excess of anticipated losses in the carryforward period and projected future taxable income.

If, based upon all available evidence, both positive and negative, it is more likely than not (more than 50 percent likely) such deferred tax assets will not be realized, a valuation allowance is recorded. Significant weight is given to positive and negative evidence that is objectively verifiable. A company's three-year cumulative loss position is significant negative evidence in considering whether deferred tax assets are realizable and the accounting guidance restricts the amount of reliance the Company can place on projected taxable income to support the recovery of the deferred tax assets.

In the fourth quarter of 2010, the Company recorded a $372 million valuation allowance against its U.S. Federal deferred tax assets as a non-cash charge to income tax expense. In reaching this conclusion, the Company considered the weaker retail sales of certain of its building products and the slower than anticipated recovery in the U.S. housing market which led to U.S. operating losses and significant U.S. goodwill impairment charges, that primarily occurred in the fourth quarter of 2010, causing the Company to be in a three-year cumulative U.S. loss position.

During 2012 and 2011, objective and verifiable negative evidence, such as U.S. operating losses and significant impairment charges for U.S. goodwill in 2011 and other intangible assets, continued to outweigh positive evidence necessary to reduce the valuation allowance. As a result, the Company recorded increases of $65 million and $89 million in the valuation allowance against its U.S. Federal deferred tax assets as a non-cash charge to income tax expense in 2012 and 2011, respectively.

A return to sustainable profitability in the U.S. is required before we would change our judgment regarding the need for a valuation allowance against our deferred tax assets.

Although the recent strengthening in new home construction activity has resulted in profitability in the Company's U.S. operations in 2013, we continue to record a full valuation allowance against the U.S. Federal deferred tax assets as the Company remained in a three-year cumulative loss position throughout 2013.

It is reasonably possible that the continued improvements in our U.S. operations could result in the objective positive evidence necessary to warrant the reversal of all or a portion of the valuation allowance, up to approximately $550 million, as early as the second half of 2014. Until such time, the profits from our U.S. operations will be offset by the net operating loss carryforward resulting in a lower U.S. effective tax rate.

The $175 million and $203 million of deferred tax assets at December 31, 2013 and 2012, respectively, for which there is no valuation allowance recorded, is anticipated to be realized through the future reversal of existing taxable temporary differences recorded as deferred tax liabilities.

Of the deferred tax asset related to the net operating loss and tax credit carryforwards at December 31, 2013 $345 million will expire between 2020 and 2033 and $10 million is unlimited. Of the deferred tax asset related to the net operating loss and tax credit carryforwards at December 31, 2012 $411 million will expire between 2020 and 2032 and $14 million is unlimited.

The tax benefit from certain stock-based compensation is not recognized as a deferred tax asset until the tax deduction reduces cash taxes. Accordingly, as of December 31, 2013, the Company has not recorded a $53 million deferred tax asset on additional net operating losses that, when realized, will be recorded to paid-in capital.

A tax provision has not been provided at December 31, 2013 for U.S. income taxes or additional foreign withholding taxes on approximately $10 million of undistributed earnings of certain foreign subsidiaries that are considered to be permanently reinvested. It is not practicable to determine the amount of deferred tax liability on such earnings as the actual U.S. tax would depend on income tax laws and circumstances at the time of distribution.

A reconciliation of the U.S. Federal statutory tax rate to the income tax expense (benefit) on income (loss) from continuing operations was as follows:


		2013			2012			2011
U.S. Federal statutory tax rate – expense (benefit)			35	%		35	%		(35	)%
State and local taxes, net of U.S. Federal tax benefit			2			4			—
Lower taxes on foreign earnings			—			(9	)		—
U.S. and foreign taxes on distributed and undistributed foreign earnings			—			1			—
Goodwill and other intangible assets impairment charges providing no tax benefit			—			2			3
U.S. Federal valuation allowance			(11	)		89			24
Other, net			—			3			(2	)


Effective tax rate – expense (benefit)			26	%		125	%		(10	)%





Income taxes paid were $77 million, $57 million and $43 million in 2013, 2012 and 2011, respectively.

A reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties, is as follows:


		(In millions)
		Uncertain Tax Positions			Interest and Penalties			Total
Balance at January 1, 2012		$	61		$	20		$	81
Current year tax positions:
Additions			6						6
Prior year tax positions:
Reductions			(4	)					(4	)
Settlements with tax authorities			—						—
Lapse of applicable statute of limitations			(12	)					(12	)
Interest and penalties recognized in income tax expense			—			(3	)		(3	)


Balance at December 31, 2012		$	51		$	17		$	68




Current year tax positions:
Additions		$	9					$	9
Prior year tax positions:
Additions			1						1
Reductions			(2	)					(2	)
Settlements with tax authorities			(1	)					(1	)
Lapse of applicable statute of limitations			(12	)					(12	)
Interest and penalties recognized in income tax expense					$	(4	)		(4	)


Balance at December 31, 2013		$	46		$	13		$	59





If recognized, $31 million and $34 million of the liability for uncertain tax positions at December 31, 2013 and 2012, respectively, net of any U.S. Federal tax benefit, would impact the Company's effective tax rate.

At December 31, 2013 and 2012, $65 and $74 million of the total liability for uncertain tax positions, including related interest and penalties, is recorded in deferred income taxes and other, $ – and $1 million is recorded in accrued liabilities and $6 and $7 million is recorded in other assets, respectively.

The Company files income tax returns in the U.S. Federal jurisdiction, and various local, state and foreign jurisdictions. The Company continues to participate in the Compliance Assurance Program ("CAP"). CAP is a real-time audit of the U.S. Federal income tax return that allows the Internal Revenue Service ("IRS"), working in conjunction with the Company, to determine tax return compliance with the U.S. Federal tax law prior to filing the return. This program provides the Company with greater certainty about its tax liability for a given year within months, rather than years, of filing its annual tax return and greatly reduces the need for recording a liability for U.S. Federal uncertain tax positions. The IRS has completed their examination of the Company's consolidated U.S. Federal tax returns through 2012. With few exceptions, the Company is no longer subject to state or foreign income tax examinations on filed returns for years before 2005.

As a result of tax audit closings, settlements and the expiration of applicable statutes of limitations in various jurisdictions within the next 12 months, the Company anticipates that it is reasonably possible the liability for uncertain tax positions could be reduced by approximately $1 million.

EARNINGS_PER_COMMON_SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
EARNINGS PER COMMON SHARE	Dec. 31, 2013
EARNINGS PER COMMON SHARE	'
EARNINGS PER COMMON SHARE	'

	T. EARNINGS PER COMMON SHARE

	Reconciliations of the numerators and denominators used in the computations of basic and diluted earnings per common share were as follows, in millions:


		2013			2012			2011
	Numerator (basic and diluted):
	Income (loss) from continuing operations	$	282		$	(53	)	$	(394	)
	Less: Allocation to unvested restricted stock awards		6			2			3


	Income (loss) from continuing operations attributable to common shareholders		276			(55	)		(397	)


	Loss from discontinued operations, net		(10	)		(61	)		(181	)
	Allocation to unvested restricted stock awards		—			—			—


	Loss from discontinued operations attributable to common shareholders		(10	)		(61	)		(181	)


	Net income (loss) available to common shareholders	$	266		$	(116	)	$	(578	)




	Denominator:
	Basic common shares (based upon weighted average)		350			349			348
	Add:
	Contingent common shares		—			—			—
	Stock option dilution		2			—			—


	Diluted common shares		352			349			348





	The Company follows accounting guidance regarding determining whether instruments granted in share-based payment transactions are participating securities. This accounting guidance clarifies that share-based payment awards that entitle their holders to receive non-forfeitable dividends prior to vesting should be considered participating securities. The Company has granted restricted stock awards that contain non-forfeitable rights to dividends on unvested shares; such unvested restricted stock awards are considered participating securities. As participating securities, the unvested shares are required to be included in the calculation of the Company's basic earnings per common share, using the "two-class method." The two-class method of computing earnings per common share is an allocation method that calculates earnings per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. For the years ended December 31, 2013, 2012 and 2011, the Company allocated dividends and undistributed earnings (only in 2013) to the unvested restricted stock awards (participating securities).

	Additionally, 12 million common shares, 30 million common shares and 36 million common shares for 2013, 2012 and 2011, respectively, related to stock options were excluded from the computation of diluted earnings per common share due to their antidilutive effect.

	Common shares outstanding included on the Company's balance sheet and for the calculation of earnings per common share do not include unvested stock awards (8 million shares and 8 million common shares at December 31, 2013 and 2012, respectively); shares outstanding for legal requirements included all common shares that have voting rights (including unvested stock awards).

OTHER_COMMITMENTS_AND_CONTINGE

OTHER COMMITMENTS AND CONTINGENCIES	12 Months Ended
OTHER COMMITMENTS AND CONTINGENCIES	Dec. 31, 2013
OTHER COMMITMENTS AND CONTINGENCIES	'
OTHER COMMITMENTS AND CONTINGENCIES	'

	U. OTHER COMMITMENTS AND CONTINGENCIES

	Litigation. We are subject to claims, charges, litigation and other proceedings in the ordinary course of our business, including those arising from or related to contractual matters, intellectual property, personal injury, environmental matters, product liability, product recalls, construction defect, insurance coverage, personnel and employment disputes and other matters, including class actions. We believe we have adequate defenses in these matters and that the outcome of these matters is not likely to have a material adverse effect on us. However, there is no assurance that we will prevail in these matters, and we could in the future incur judgments, enter into settlements of claims or revise our expectations regarding the outcome of these matters, which could materially impact our results of operations.

	Warranty. At the time of sale, the Company accrues a warranty liability for the estimated cost to provide products, parts or services to repair or replace products in satisfaction of warranty obligations. During the third quarter of 2012, a business in the Other Specialty Products segment recorded a $12 million increase in expected future warranty claims resulting from the completion of an analysis prepared by the Company based upon its periodic assessment of recent business unit specific operating trends including, among others, home ownership demographics, sales volumes, manufacturing quality, an analysis of recent warranty claim activity and an estimate of current costs to service anticipated claims.

	Changes in the Company's warranty liability were as follows, in millions:


		2013			2012
	Balance at January 1	$	118		$	102
	Accruals for warranties issued during the year		42			42
	Accruals related to pre-existing warranties		6			16
	Settlements made (in cash or kind) during the year		(42	)		(38	)
	Other, net (including currency translation)		—			(4	)


	Balance at December 31	$	124		$	118





	Investments. With respect to the Company's investments in private equity funds, the Company had, at December 31, 2013, commitments to contribute up to $14 million of additional capital to such funds representing the Company's aggregate capital commitment to such funds less capital contributions made to date. The Company is contractually obligated to make additional capital contributions to certain of its private equity funds upon receipt of a capital call from the private equity fund. The Company has no control over when or if the capital calls will occur. Capital calls are funded in cash and generally result in an increase in the carrying value of the Company's investment in the private equity fund when paid.

	Other Matters. The Company enters into contracts, which include reasonable and customary indemnifications that are standard for the industries in which it operates. Such indemnifications include customer claims against builders for issues relating to the Company's products and workmanship. In conjunction with divestitures and other transactions, the Company occasionally provides reasonable and customary indemnifications relating to various items including: the enforceability of trademarks; legal and environmental issues; provisions for sales returns; and asset valuations. The Company has never had to pay a material amount related to these indemnifications and evaluates the probability that amounts may be incurred and appropriately records an estimated liability when probable.

INTERIM_FINANCIAL_INFORMATION_

INTERIM FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
INTERIM FINANCIAL INFORMATION (UNAUDITED)	Dec. 31, 2013
INTERIM FINANCIAL INFORMATION (UNAUDITED)	'
INTERIM FINANCIAL INFORMATION (UNAUDITED)	'

	V. INTERIM FINANCIAL INFORMATION (UNAUDITED)


					Quarters Ended
					(In Millions, Except Per Common Share Data)
		Total Year			December 31			September 30		June 30			March 31
	2013
	Net sales	$	8,173		$	1,998		$	2,150	$	2,149		$	1,876
	Gross profit	$	2,255		$	531		$	607	$	609		$	508
	Income from continuing operations	$	282		$	39		$	105	$	82		$	56
	Net income	$	272		$	45		$	103	$	77		$	47
	Earnings per common share:
	Basic:
	Income from continuing operations	$	0.79		$	0.11		$	0.29	$	0.23		$	0.16
	Net income	$	0.76		$	0.13		$	0.29	$	0.22		$	0.13
	Diluted:
	Income from continuing operations	$	0.78		$	0.11		$	0.29	$	0.23		$	0.16
	Net income	$	0.76		$	0.12		$	0.29	$	0.21		$	0.13
	2012
	Net sales	$	7,495		$	1,831		$	1,913	$	1,945		$	1,806
	Gross profit	$	1,956		$	451		$	500	$	521		$	484
	(Loss) income from continuing operations	$	(53	)	$	(70	)	$	26	$	(51	)	$	42
	Net (loss) income	$	(114	)	$	(87	)	$	15	$	(75	)	$	33
	(Loss) earnings per common share:
	Basic:
	(Loss) income from continuing operations	$	(.16	)	$	(.20	)	$	0.07	$	(.15	)	$	0.12
	Net (loss) income	$	(.33	)	$	(.25	)	$	0.04	$	(.22	)	$	0.09
	Diluted:
	(Loss) income from continuing operations	$	(.16	)	$	(.20	)	$	0.07	$	(.15	)	$	0.12
	Net (loss) income	$	(.33	)	$	(.25	)	$	0.04	$	(.22	)	$	0.09

	Earnings (loss) per common share amounts for the four quarters of 2013 and 2012 may not total to the earnings per common share amounts for the years ended December 31, 2013 and 2012 due to the allocation of income to unvested stock awards.

	2013 income (loss) from continuing operations and net income (loss) include after-tax gains from financial investments of $2 million, ($3 million pre-tax), $3 million ($5 million pre-tax) and $2 million ($3 million pre-tax) in the first, second and fourth quarters, respectively.

	Fourth quarter 2012 loss from continuing operations and net loss include non-cash impairment charges for other intangible assets of $27 million after tax ($42 million pre-tax). Income (loss) from continuing operations and net (loss) income include after-tax gains from financial investments of $10 million ($16 million pre-tax), $1 million ($2 million pre-tax) and $3 million ($4 million pre-tax) in the first, third and fourth quarters, respectively. Income (loss) from continuing operations and net (loss) income include after-tax charge (income) from litigation settlements of $(1) million ($(2) million pre-tax), $75 million ($75 million pre-tax), $ – – million ($1 million pre-tax) and $2 million ($3 million pre-tax) in the first, second, third and fourth quarters, respectively.

VALUATION_AND_QUALIFYING_ACCOU

VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
VALUATION AND QUALIFYING ACCOUNTS	Dec. 31, 2013
SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS	'
SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS	'

	MASCO CORPORATION
	SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS
	for the years ended December 31, 2013, 2012 and 2011


		(In Millions)
	Column A	Column B		Column C								Column D					Column E
				Additions
	Description	Balance at		Charged to			Charged					Deductions					Balance at
		Beginning		Costs and			to Other										End of
		of Period		Expenses			Accounts										Period
	Allowances for doubtful accounts, deducted from accounts receivable in the balance sheet:
	2013	$	31	$	8		$	—				$	(12	)	(a	)	$	27




	2012	$	29	$	13		$	—				$	(11	)	(a	)	$	31




	2011	$	34	$	12		$	—				$	(17	)	(a	)	$	29




	Valuation Allowance on deferred tax assets:
	2013	$	787	$	(30	)	$	(87	)	(b	)	$	—				$	670




	2012	$	688	$	113		$	(14	)	(b	)	$	—				$	787




	2011	$	462	$	178		$	48		(b	)	$	—				$	688






	(a)
	Deductions, representing uncollectible accounts written off, less recoveries of accounts written off in prior years.

	(b)
	Valuation allowance on deferred tax assets recorded primarily in other comprehensive income and paid in capital.

ACCOUNTING_POLICIES_Policies

ACCOUNTING POLICIES (Policies)	12 Months Ended
ACCOUNTING POLICIES (Policies)	Dec. 31, 2013
ACCOUNTING POLICIES	'
Principles of Consolidation	'

	Principles of Consolidation. The consolidated financial statements include the accounts of Masco Corporation and all majority-owned subsidiaries. All significant intercompany transactions have been eliminated. The Company consolidates the assets, liabilities and results of operations of variable interest entities, for which the Company is the primary beneficiary.

Use of Estimates and Assumptions in the Preparation of Financial Statements	'

	Use of Estimates and Assumptions in the Preparation of Financial Statements. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of any contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates and assumptions.

Revenue Recognition	'

	Revenue Recognition. The Company recognizes revenue as title to products and risk of loss is transferred to customers or when services are rendered, net of applicable provisions for discounts, returns and allowances. The Company records revenue for unbilled services performed based upon material and labor incurred in the Installation and Other Services segment; such amounts are recorded in receivables. Amounts billed for shipping and handling are included in net sales, while costs incurred for shipping and handling are included in cost of sales.

Customer Promotion Costs	'
Customer Promotion Costs	Customer Promotion Costs. The Company records estimated reductions to revenue for customer programs and incentive offerings, including special pricing and co-operative advertising arrangements, promotions and other volume-based incentives. In-store displays that are owned by the Company and used to market the Company's products are included in other assets in the consolidated balance sheets and are amortized using the straight-line method over the expected useful life of three to five years; related amortization expense is classified as a selling expense in the consolidated statements of operations.
Foreign Currency	'
Foreign Currency	Foreign Currency. The financial statements of the Company's foreign subsidiaries are measured using the local currency as the functional currency. Assets and liabilities of these subsidiaries are translated at exchange rates as of the balance sheet date. Revenues and expenses are translated at average exchange rates in effect during the year. The resulting cumulative translation adjustments have been recorded in the accumulated other comprehensive income component of shareholders' equity. Realized foreign currency transaction gains and losses are included in the consolidated statements of operations in other income (expense), net.
Cash and Cash Investments	'

	Cash and Cash Investments. The Company considers all highly liquid investments with an initial maturity of three months or less to be cash and cash investments.

Short-Term Bank Deposits	'

	Short-Term Bank Deposits. The Company invests a portion of its foreign excess cash in short-term bank deposits. These highly liquid investments have original maturities between three and twelve months and are valued at cost, which approximates fair value at December 31, 2013 and December 31, 2012. These short-term bank deposits are classified in the current assets section of the Company's consolidated balance sheets, and interest income related to short-term bank deposits is recorded in the Company's consolidated statement of operations in other income (expense), net.

Receivables	'
Receivables	Receivables. The Company does significant business with a number of customers, including certain home centers and homebuilders. The Company monitors its exposure for credit losses on its customer receivable balances and the credit worthiness of its customers on an on-going basis and records related allowances for doubtful accounts. Allowances are estimated based upon specific customer balances, where a risk of default has been identified, and also include a provision for non-customer specific defaults based upon historical collection, return and write-off activity. During downturns in the Company's markets, declines in the financial condition and creditworthiness of customers impacts the credit risk of the receivables involved and the Company has incurred additional bad debt expense related to customer defaults. A separate allowance is recorded for customer incentive rebates and is generally based upon sales activity. Receivables are presented net of certain allowances (including allowances for doubtful accounts) of $57 million and $71 million at December 31, 2013 and 2012, respectively. Receivables include unbilled revenue related to the Installation and Other Services segment of $24 million and $18 million at December 31, 2013 and 2012, respectively.
Property and Equipment	'

	Property and Equipment. Property and equipment, including significant betterments to existing facilities, are recorded at cost. Upon retirement or disposal, the cost and accumulated depreciation are removed from the accounts and any gain or loss is included in the consolidated statements of operations. Maintenance and repair costs are charged against earnings as incurred.

	The Company reviews its property and equipment as an event occurs or circumstances change that would more likely than not reduce the fair value of the property and equipment below the carrying amount. If the carrying amount of property and equipment is not recoverable from its undiscounted cash flows, then the Company would recognize an impairment loss for the difference between the carrying amount and the current fair value. Further, the Company evaluates the remaining useful lives of property and equipment at each reporting period to determine whether events and circumstances warrant a revision to the remaining depreciation periods.

Depreciation	'
Depreciation	Depreciation. Depreciation expense is computed principally using the straight-line method over the estimated useful lives of the assets. Annual depreciation rates are as follows: buildings and land improvements, 2 to 10 percent, and machinery and equipment, 5 to 33 percent. Depreciation expense was $175 million, $192 million and $234 million in 2013, 2012 and 2011, respectively. Such depreciation expense included accelerated depreciation of $13 million (primarily in the Cabinets and Related Products and Plumbing Products segments), $28 million (primarily in the Cabinets and Related Products and Plumbing Products segments) and $52 million (primarily in the Cabinets and Related Products and Other Specialty Products segment) in 2013, 2012 and 2011, respectively.
Goodwill and Other Intangible Assets	'

	Goodwill and Other Intangible Assets. The Company performs its annual impairment testing of goodwill in the fourth quarter of each year, or as events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company has defined its reporting units and completed the impairment testing of goodwill at the operating segment level. The Company's operating segments are reporting units that engage in business activities, for which discrete financial information, including five-year forecasts, are available. The Company compares the fair value of the reporting units to the carrying value of the reporting units for goodwill impairment testing. Fair value is determined using a discounted cash flow method, which includes significant unobservable inputs (Level 3 inputs).

	Determining market values using a discounted cash flow method requires the Company to make significant estimates and assumptions, including long-term projections of cash flows, market conditions and appropriate discount rates. The Company's judgments are based upon historical experience, current market trends, consultations with external valuation specialists and other information. In estimating future cash flows, the Company relies on internally generated five-year forecasts for sales and operating profits, including capital expenditures, and generally a one to three percent long-term assumed annual growth rate of cash flows for periods after the five-year forecast. The Company utilizes its weighted average cost of capital of approximately 10 percent as the basis to determine the discount rate to apply to the estimated future cash flows. Our weighted average cost of capital increased in 2013 due to improving market conditions and an increased stock price. In 2013 and 2012, due to improving market conditions, the Company increased the discount rate to a range of 11.5 percent to 13.5 percent in 2013 for most of its reporting units compared to a range of 11 percent to 13 percent in 2012. The Company records an impairment to goodwill (adjusting the value to the estimated fair value) if the book value exceeds the estimated fair value.

	The Company reviews its other indefinite-lived intangible assets for impairment annually in the fourth quarter of each year, or as events occur or circumstances change that indicate the assets may be impaired without regard to the reporting unit. The Company considers the implications of both external (e.g., market growth, competition and local economic conditions) and internal (e.g., product sales and expected product growth) factors and their potential impact on cash flows related to the intangible asset in both the near- and long-term.

	Intangible assets with finite useful lives are amortized using the straight-line method over their estimated useful lives. The Company evaluates the remaining useful lives of amortizable intangible assets at each reporting period to determine whether events and circumstances warrant a revision to the remaining periods of amortization. See Note H for additional information regarding Goodwill and Other Intangible Assets.

Fair Value Accounting	'

	Fair Value Accounting. The Company follows accounting guidance for its financial investments and liabilities which defines fair value, establishes a framework for measuring fair value and prescribes disclosures about fair value measurements. The Company also follows this guidance for its non-financial investments and liabilities.

	The fair value of financial investments and liabilities is determined at each balance sheet date and future declines in market conditions, the future performance of the underlying investments or new information could affect the recorded values of the Company's investments in marketable securities, private equity funds and other private investments.

	The Company uses derivative financial instruments to manage certain exposure to fluctuations in earnings and cash flows resulting from changes in foreign currency exchange rates, commodity costs and interest rate exposures. Derivative financial instruments are recorded in the consolidated balance sheets as either an asset or liability measured at fair value, netted by counterparty, where the right of offset exists. For derivative instruments not designated as hedging instruments, the gain or loss is recognized in determining current earnings during the period of the change in fair value.

Warranty	'

	Warranty. At the time of sale, the Company accrues a warranty liability for the estimated cost to provide products, parts or services to repair or replace products in satisfaction of warranty obligations. The Company's estimate of costs to service its warranty obligations is based upon the information available and includes a number of factors such as the warranty coverage, the warranty period, historical experience specific to the nature, frequency and average cost to service the claim, along with product manufacturing metrics and industry and demographic trends.

	Certain factors and related assumptions in determining our warranty liability involve judgments and estimates and are sensitive to changes in the aforementioned factors. The Company believes that the warranty accrual is appropriate; however, actual claims incurred could differ from the original estimates thereby requiring adjustments to previously established accruals.

	A majority of the Company's business is at the consumer retail level through home centers and major retailers. A consumer may return a product to a retail outlet that is a warranty return. However, certain retail outlets do not distinguish between warranty and other types of returns when they claim a return deduction from the Company. The Company's revenue recognition policy takes into account this type of return when recognizing revenue, and deductions are recorded at the time of sale.

Product Liability	'
Product Liability	Product Liability. The Company provides for expenses associated with product liability obligations when such amounts are probable and can be reasonably estimated. The accruals are adjusted as new information develops or circumstances change that would affect the estimated liability.
Stock-Based Compensation	'

	Stock-Based Compensation. The Company measures compensation expense for stock awards at the market price of the Company's common stock at the grant date. Such expense is recognized ratably over the shorter of the vesting period of the stock awards, typically 5 to 10 years, or the length of time until the grantee becomes retirement-eligible at age 65.

	The Company measures compensation expense for stock options using a Black-Scholes option pricing model. Such expense is recognized ratably over the shorter of the vesting period of the stock options, typically five years, or the length of time until the grantee becomes retirement-eligible at age 65. The Company utilizes the shortcut method to determine the tax windfall pool associated with stock options.

Noncontrolling Interest	'

	Noncontrolling Interest. The Company owns 68 percent of Hansgrohe SE at both December 31, 2013 and 2012. The aggregate noncontrolling interest, net of dividends, at December 31, 2013 and 2012 has been recorded as a component of equity on the Company's consolidated balance sheets.

Interest and Penalties on Uncertain Tax Positions	'

	Interest and Penalties on Uncertain Tax Positions. The Company records interest and penalties on its uncertain tax positions in income tax expense.

Reclassifications	'

	Reclassifications. Certain prior-year amounts have been reclassified to conform to the 2013 presentation in the consolidated financial statements. In the Company's consolidated statements of cash flows, the cash flows from discontinued operations are not separately classified.

Revision of Previously Issued Financial Statements	'

	Revision of Previously Issued Financial Statements. During the third quarter ended September 30, 2013, the Company identified an error related to the classification of cash and cash investments. Foreign short-term bank deposits with terms ranging from three months to twelve months were incorrectly classified as cash and cash investments rather than short-term bank deposits. Historic periods are revised, as detailed below, in our future filings. These classification errors were not considered material to any prior period financial statements.

	The following table presents the impact of the revisions on the Company's previously issued consolidated balance sheets (in millions).


	Balance Sheet December 31, 2012	As Reported			As Revised
	Cash and cash investments	$	1,351		$	1,040
	Short-term bank deposits		—			311
	Total current assets	$	3,217		$	3,217





	Balance Sheet December 31, 2011	As Reported			As Revised
	Cash and cash investments	$	1,656		$	1,353
	Short-term bank deposits		—			303
	Total current assets	$	3,429		$	3,429

	This revision had no effect on our consolidated results of operations.

	The following table presents the impact of the revisions on the Company's previously issued consolidated statement of cash flows (in millions).


	Cash Flows December 31, 2012	As Reported			As Revised
	Net cash (for) investing activities	$	(27	)	$	(29	)
	Effect of exchange rate changes on cash and cash investments	$	17		$	11
	Decrease in cash and cash investments	$	(305	)	$	(313	)





	Cash Flows December 31, 2011	As Reported			As Revised
	Net cash (for) investing activities	$	(61	)	$	(84	)
	Effect of exchange rate changes on cash and cash investments	$	(18	)	$	(8	)
	Decrease in cash and cash investments	$	(59	)	$	(72	)





	Cash Flows December 31, 2010	As Reported			As Revised
	Net cash (for) investing activities	$	(109	)	$	(244	)
	Effect of exchange rate changes on cash and cash investments	$	(14	)	$	(7	)
	Increase in cash and cash investments	$	302		$	174

	The following table presents the impact of the revisions on the Company's previously issued consolidated balance sheets and statements of cash flows (all cash flow figures are year-to-date, in millions).


		Mar. 31,			June 30,			Sep. 30,			Mar. 31,			June 30,
		2012			2012			2012			2013			2013
	Cash and cash investments
	As reported	$	1,788		$	1,853		$	1,166		$	1,032		$	1,223
	As revised	$	1,491		$	1,612		$	889		$	828		$	1,028
	Short-term bank deposits
	As reported		—			—			—			—			—
	As revised	$	297		$	241		$	277		$	204		$	195
	Net cash (for) from investing activities
	As reported	$	(2	)	$	(15	)	$	(42	)	$	(30	)	$	(51	)
	As revised	$	10		$	37		$	(17	)	$	70		$	62

The revisions did not significantly impact the effect of exchange rate changes on cash and cash investments in each quarter above. These changes will be reflected in the revised statements of cash flows, in future filings.

Recently Issued Accounting Pronouncements	'
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements. On January 1, 2013, the Company adopted new accounting guidance requiring disclosure of amounts reclassified from accumulated other comprehensive income. The adoption of this new guidance did not have an impact on the Company's financial position or its results of operations.

INVENTORIES_POLICIES_Policies

INVENTORIES POLICIES (Policies)	12 Months Ended
INVENTORIES POLICIES (Policies)	Dec. 31, 2013
INVENTORIES	'
Inventories	'
Inventories	Inventories, which include purchased parts, materials, direct labor and applied manufacturing overhead, are stated at the lower of cost or net realizable value, with cost determined by use of the first-in, first-out method

ACCOUNTING_POLICIES_Tables

ACCOUNTING POLICIES (Tables)	12 Months Ended
ACCOUNTING POLICIES (Tables)	Dec. 31, 2013
ACCOUNTING POLICIES	'
Schedule of impact of the revisions on the Company's previously issued financial statements	'

	The following table presents the impact of the revisions on the Company's previously issued consolidated balance sheets (in millions).


	Balance Sheet December 31, 2012	As Reported			As Revised
	Cash and cash investments	$	1,351		$	1,040
	Short-term bank deposits		—			311
	Total current assets	$	3,217		$	3,217





	Balance Sheet December 31, 2011	As Reported			As Revised
	Cash and cash investments	$	1,656		$	1,353
	Short-term bank deposits		—			303
	Total current assets	$	3,429		$	3,429

	The following table presents the impact of the revisions on the Company's previously issued consolidated statement of cash flows (in millions).


	Cash Flows December 31, 2012	As Reported			As Revised
	Net cash (for) investing activities	$	(27	)	$	(29	)
	Effect of exchange rate changes on cash and cash investments	$	17		$	11
	Decrease in cash and cash investments	$	(305	)	$	(313	)





	Cash Flows December 31, 2011	As Reported			As Revised
	Net cash (for) investing activities	$	(61	)	$	(84	)
	Effect of exchange rate changes on cash and cash investments	$	(18	)	$	(8	)
	Decrease in cash and cash investments	$	(59	)	$	(72	)





	Cash Flows December 31, 2010	As Reported			As Revised
	Net cash (for) investing activities	$	(109	)	$	(244	)
	Effect of exchange rate changes on cash and cash investments	$	(14	)	$	(7	)
	Increase in cash and cash investments	$	302		$	174



	The following table presents the impact of the revisions on the Company's previously issued consolidated balance sheets and statements of cash flows (all cash flow figures are year-to-date, in millions).


		Mar. 31,			June 30,			Sep. 30,			Mar. 31,			June 30,
		2012			2012			2012			2013			2013
	Cash and cash investments
	As reported	$	1,788		$	1,853		$	1,166		$	1,032		$	1,223
	As revised	$	1,491		$	1,612		$	889		$	828		$	1,028
	Short-term bank deposits
	As reported		—			—			—			—			—
	As revised	$	297		$	241		$	277		$	204		$	195
	Net cash (for) from investing activities
	As reported	$	(2	)	$	(15	)	$	(42	)	$	(30	)	$	(51	)
	As revised	$	10		$	37		$	(17	)	$	70		$	62

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
DISCONTINUED OPERATIONS (Tables)	Dec. 31, 2013
DISCONTINUED OPERATIONS	'
Schedule of selected financial information for the discontinued operations	'

	Selected financial information for the discontinued operations during the period owned by the Company, were as follows, in millions:


		2013			2012			2011
	Net sales	$	265		$	321		$	389




	Operating loss from discontinued operations	$	(7	)	$	(44	)	$	(58	)
	Impairment of assets held for sale		(10	)		(3	)		(130	)
	Gain (loss) on disposal of discontinued operations, net		3			(6	)		(3	)


	Loss before income tax		(14	)		(53	)		(191	)
	Income tax (benefit) expense		(4	)		8			(10	)


	Loss from discontinued operations, net	$	(10	)	$	(61	)	$	(181	)







Schedule of balance sheet items classified as held for sale	'






		December 31,
		2013			2012
	Receivables	$	—		$	32
	Inventories		—			66
	Prepaid expenses and other		—			2
	Property and equipment, net		—			103


	Total assets	$	—		$	203
	Accounts payable		—			31
	Accrued liabilities		—			14
	Deferred income taxes		—			4


	Total liabilities	$	—		$	49

INVENTORIES_Tables

INVENTORIES (Tables)	12 Months Ended
INVENTORIES (Tables)	Dec. 31, 2013
INVENTORIES	'
Schedule of inventories	'






		(In Millions)
		At December 31
		2013		2012
	Finished goods	$	398	$	369
	Raw material		268		261
	Work in process		99		96


	Total	$	765	$	726

FAIR_VALUE_OF_FINANCIAL_INVEST1

FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2013
FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES	'
Schedule of financial investments included in other assets	'

	Financial investments included in other assets were as follows, in millions:


		At December 31
		2013		2012
	Auction rate securities	$	22	$	22


	Total recurring investments		22		22
	Private equity funds		63		69
	Other investments		3		4


	Total non-recurring investments		66		73
	Total	$	88	$	95







Schedule of income from financial investments, net, included in other, net, within other income (expense), net, and impairment charges for financial investments	'

	Income from financial investments, net, included in other, net, within other income (expense), net, and impairment charges for financial investments were as follows, in millions:


		2013		2012			2011
	Realized gains from marketable securities	$	—	$	—		$	41
	Realized gains from private equity funds		11		24			32
	Impairment of private equity funds		—		(2	)		—


	Income from financial investments, net	$	11	$	22		$	73

DERIVATIVE_INSTRUMENTS_AND_HED1

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	Dec. 31, 2013
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	'
Schedule of pre-tax gains (losses) included in the Company's consolidated statements of operations	'

	The pre-tax gains (losses) included in the Company's consolidated statements of operations are as follows, in millions:


		Twelve Months Ended December 31,
		2013			2012			2011
	Foreign Currency Contracts
	Exchange Contracts	$	2		$	(2	)	$	3
	Forward Contracts		1			—			3
	Metals Contracts		(7	)		2			(7	)


	Total gains (losses)	$	(4	)	$	—		$	(1	)









Schedule of notional amounts being hedged and the fair value of derivative instruments, on a gross basis	'

	The notional amounts being hedged and the fair value of those derivative instruments, on a gross basis, is as follows, in millions:


		At December 31, 2013
		Notional			Assets			Liabilities
		Amount			Assets			Liabilities
	Foreign Currency Contracts
	Exchange Contracts	$	53
	Current liabilities				$	—		$	2
	Forward Contracts		88
	Current liabilities					—			1
	Metals Contracts		48
	Current liabilities					—			2


	Total				$	—		$	5









		At December 31, 2012
		Notional			Assets			Liabilities
		Amount			Assets			Liabilities
	Foreign Currency Contracts
	Exchange Contracts	$	172
	Current liabilities				$	—		$	5
	Forward Contracts		76
	Current assets					1			1
	Metals Contracts		35
	Current liabilities					1			2


	Total				$	2		$	8

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
PROPERTY AND EQUIPMENT (Tables)	Dec. 31, 2013
PROPERTY AND EQUIPMENT	'
Schedule of property and equipment	'






		(In Millions)
		At December 31
		2013		2012
	Land and improvements	$	135	$	140
	Buildings		809		819
	Machinery and equipment		2,046		2,054


			2,990		3,013
	Less: Accumulated depreciation		1,738		1,687


	Total	$	1,252	$	1,326

GOODWILL_AND_OTHER_INTANGIBLE_1

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	Dec. 31, 2013
GOODWILL AND OTHER INTANGIBLE ASSETS	'
Schedule of changes in carrying amount of goodwill by segment	'

	The changes in the carrying amount of goodwill for 2013 and 2012, by segment, were as follows, in millions:


		Gross Goodwill		Accumulated			Net Goodwill
		At December 31,		Impairment			At December 31,
		2013		Losses			2013
	Cabinets and Related Products	$	240	$	(59	)	$	181
	Plumbing Products		550		(340	)		210
	Installation and Other Services		1,806		(762	)		1,044
	Decorative Architectural Products		294		(75	)		219
	Other Specialty Products		983		(734	)		249


	Total	$	3,873	$	(1,970	)	$	1,903









		Gross Goodwill		Accumulated			Net Goodwill		Pre-tax		Additions (A)		Other (B)		Net Goodwill
		At December 31,		Impairment			At December 31,		Impairment						At December 31,
		2012		Losses			2012		Charge						2013
	Cabinets and Related Products	$	240	$	(59	)	$	181	$	—	$	—	$	—	$	181
	Plumbing Products		544		(340	)		204		—		—		6		210
	Installation and Other Services		1,806		(762	)		1,044		—		—		—		1,044
	Decorative Architectural Products		294		(75	)		219		—		—		—		219
	Other Specialty Products		980		(734	)		246		—		3		—		249


	Total	$	3,864	$	(1,970	)	$	1,894	$	—	$	3	$	6	$	1,903









		Gross Goodwill		Accumulated			Net Goodwill		Pre-tax		Additions (A)		Other (B)		Net Goodwill
		At December 31,		Impairment			At December 31,		Impairment						At December 31,
		2011		Losses			2011		Charge						2012
	Cabinets and Related Products	$	240	$	(59	)	$	181	$	—	$	—	$	—	$	181
	Plumbing Products		541		(340	)		201		—		—		3		204
	Installation and Other Services		1,806		(762	)		1,044		—		—		—		1,044
	Decorative Architectural Products		294		(75	)		219		—		—		—		219
	Other Specialty Products		980		(734	)		246		—		—		—		246


	Total	$	3,861	$	(1,970	)	$	1,891	$	—	$	—	$	3	$	1,894






	(A)
	Additions include acquisitions.
(B)
Other principally includes the effect of foreign currency translation.

OTHER_ASSETS_Tables

OTHER ASSETS (Tables)	12 Months Ended
OTHER ASSETS (Tables)	Dec. 31, 2013
OTHER ASSETS	'
Schedule of other assets	'






		(In Millions)
		At December 31
		2013		2012
	Financial investments (Note E)	$	88	$	95
	In-store displays, net		21		35
	Debenture expense		24		25
	Notes receivable		2		2
	Other		26		27


	Total	$	161	$	184

ACCRUED_LIABILITIES_Tables

ACCRUED LIABILITIES (Tables)	12 Months Ended
ACCRUED LIABILITIES (Tables)	Dec. 31, 2013
ACCRUED LIABILITIES	'
Schedule of Accrued Liabilities	'






		(In Millions)
		At December 31
		2013		2012
	Salaries, wages and commissions	$	210	$	189
	Insurance		166		170
	Warranty (Note U)		124		118
	Advertising and sales promotion		111		93
	Interest		58		63
	Employee retirement plans		48		40
	Income taxes payable		32		27
	Property, payroll and other taxes		28		24
	Dividends payable		27		27
	Derivative instruments (Note F)		5		6
	Plant closures		6		5
	Litigation		4		7
	Other		55		54


	Total	$	874	$	823

DEBT_Tables

DEBT (Tables)	12 Months Ended
DEBT (Tables)	Dec. 31, 2013
DEBT	'
Schedule of long-term debt	'






		(In Millions)
		At December 31
		2013		2012
	Notes and debentures:
	7.125%, due Aug. 15, 2013	$	—	$	200
	4.8%, due June 15, 2015		500		500
	6.125%, due Oct. 3, 2016		1,000		1,000
	5.85%, due Mar. 15, 2017		300		300
	6.625%, due Apr. 15, 2018		114		114
	7.125%, due Mar. 15, 2020		500		500
	5.95%, due March 15, 2022		400		400
	7.75%, due Aug. 1, 2029		296		296
	6.5%, due Aug. 15, 2032		300		300
	Other		17		18


			3,427		3,628
	Less: Current portion		6		206


	Total long-term debt	$	3,421	$	3,422

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
STOCK-BASED COMPENSATION (Tables)	Dec. 31, 2013
STOCK-BASED COMPENSATION	'
Schedule of pre-tax compensation expense and the related income tax benefit for these stock-based incentives	'

	Pre-tax compensation expense and the related income tax benefit for these stock-based incentives were as follows, in millions:


			2013			2012			2011
	Long-term stock awards		$	34		$	35		$	39
	Stock options			13			15			21
	Phantom stock awards and stock appreciation rights			7			11			1


	Total		$	54		$	61		$	61




	Income tax benefit (37 percent tax rate – before valuation allowance)		$	20		$	23		$	23







Schedule of the Company's long-term stock award activity	'

	The Company's long-term stock award activity was as follows, shares in millions:


			2013			2012			2011
	Unvested stock award shares at January 1			8			10			10
	Weighted average grant date fair value		$	16		$	17		$	19
	Stock award shares granted			2			1			2
	Weighted average grant date fair value		$	20		$	12		$	13
	Stock award shares vested			2			2			2
	Weighted average grant date fair value		$	17		$	18		$	20
	Stock award shares forfeited			—			1			—
	Weighted average grant date fair value		$	16		$	17		$	18
	Unvested stock award shares at December 31			8			8			10
	Weighted average grant date fair value		$	17		$	16		$	17



Schedule of the Company's stock option activity	'

	The Company's stock option activity was as follows, shares in millions:


			2013			2012			2011
	Option shares outstanding, January 1			30			36			37
	Weighted average exercise price		$	21		$	21		$	21
	Option shares granted			1			1			2
	Weighted average exercise price		$	20		$	12		$	13
	Option shares exercised			3			1			—
	Aggregate intrinsic value on date of exercise (A)		$	23 million		$	5 million		$	1 million
	Weighted average exercise price		$	12		$	10		$	8
	Option shares forfeited			4			6			3
	Weighted average exercise price		$	26		$	19		$	22
	Option shares outstanding, December 31			24			30			36
	Weighted average exercise price		$	22		$	21		$	21
	Weighted average remaining option term (in years)			4			5			5
	Option shares vested and expected to vest, December 31			24			30			36
	Weighted average exercise price		$	22		$	21		$	21
	Aggregate intrinsic value (A)		$	109 million		$	55 million		$	12 million
	Weighted average remaining option term (in years)			4			5			5
	Option shares exercisable (vested), December 31			20			23			24
	Weighted average exercise price		$	24		$	24		$	25
	Aggregate intrinsic value (A)		$	62 million		$	22 million		$	4 million
	Weighted average remaining option term (in years)			3			4			4


	(A)
	Aggregate intrinsic value is calculated using the Company's stock price at each respective date, less the exercise price (grant date price) multiplied by the number of shares.



Schedule of weighted average grant date fair value of option shares granted and the assumptions used to estimate those values using a Black-Scholes option pricing model	'






			2013			2012			2011
	Weighted average grant date fair value		$	8.35		$	4.44		$	5.07
	Risk-free interest rate			1.22	%		1.09	%		2.69	%
	Dividend yield			1.47	%		2.57	%		2.35	%
	Volatility factor			49.07	%		50.97	%		49.03	%
	Expected option life			6 years			6 years			6 years



Summary of stock option shares outstanding and exercisable	'

	The following table summarizes information for stock option shares outstanding and exercisable at December 31, 2013, shares in millions:


	Option Shares Outstanding											Option Shares Exercisable
	Range of			Number of			Weighted		Weighted			Number of		Weighted
	Prices			Shares			Average		Average			Shares		Average
							Remaining		Exercise					Exercise
							Option		Price					Price
							Term
	$	21-Aug			13		6 Years		$	14			8	$	15
	$	26 - 28			3		2 Years		$	27			3	$	27
	$	29 - 31			8		2 Years		$	30			9	$	30
	$	33 - 36			—		2 Years		$	34			—	$	34


	$	Aug-36			24		4 Years		$	22			20	$	24







Schedule of phantom stock awards and SARs	'

	Information related to phantom stock awards and SARs was as follows, in millions:


			Phantom						Stock
			Stock						Appreciation
			Awards						Rights
			At December 31,						At December 31,
			2013			2012			2013			2012
	Accrued compensation cost liability		$	14		$	11		$	8		$	6
	Unrecognized compensation cost		$	4		$	5		$	—		$	1
	Equivalent common shares			1			1			2			2

EMPLOYEE_RETIREMENT_PLANS_Tabl

EMPLOYEE RETIREMENT PLANS (Tables)	12 Months Ended
EMPLOYEE RETIREMENT PLANS (Tables)	Dec. 31, 2013
EMPLOYEE RETIREMENT PLANS	'
Schedule of changes in the projected benefit obligation and fair value of the plan assets, and the funded status of the Company's defined-benefit pension plans	'

	Changes in the projected benefit obligation and fair value of plan assets, and the funded status of the Company's defined-benefit pension plans were as follows, in millions:


		2013						2012
		Qualified			Non-Qualified			Qualified			Non-Qualified
	Changes in projected benefit obligation:
	Projected benefit obligation at January 1	$	1,056		$	181		$	943		$	174
	Service cost		3			—			2			—
	Interest cost		40			6			42			7
	Actuarial (gain) loss, net		(81	)		(13	)		100			11
	Foreign currency exchange		7			—			9			—
	Benefit payments		(42	)		(11	)		(40	)		(11	)


	Projected benefit obligation at December 31	$	983		$	163		$	1,056		$	181




	Changes in fair value of plan assets:
	Fair value of plan assets at January 1	$	594		$	—		$	504		$	—
	Actual return on plan assets		65			—			75			—
	Foreign currency exchange		2			—			4			—
	Company contributions		44			11			55			11
	Expenses, other		(4	)		—			(4	)		—
	Benefit payments		(42	)		(11	)		(40	)		(11	)


	Fair value of plan assets at December 31	$	659		$	—		$	594		$	—




	Funded status at December 31:	$	(324	)	$	(163	)	$	(462	)	$	(181	)




Schedule of amounts in the Company's consolidated balance sheets	'

	Amounts in the Company's consolidated balance sheets were as follows, in millions:


		At December 31, 2013						At December 31, 2012
		Qualified			Non-Qualified			Qualified			Non-Qualified
	Accrued liabilities	$	(3	)	$	(12	)	$	(3	)	$	(12	)
	Deferred income taxes and other		(321	)		(151	)		(459	)		(169	)


	Total net liability	$	(324	)	$	(163	)	$	(462	)	$	(181	)







Schedule of unrealized loss included in accumulated other comprehensive income before income taxes	'

	Unrealized loss included in accumulated other comprehensive income before income taxes were as follows, in millions:


		At December 31, 2013						At December 31, 2012
		Qualified			Non-Qualified			Qualified			Non-Qualified
	Net loss	$	344		$	38		$	467		$	53
	Net transition obligation		1			—			1			—
	Net prior service cost		2			—			2			—


	Total	$	347		$	38		$	470		$	53







Schedule of information for defined-benefit pension plans with an accumulated benefit obligation in excess of plan assets	'

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


		At December 31
		2013						2012
		Qualified			Non-Qualified			Qualified			Non-Qualified
	Projected benefit obligation	$	983		$	163		$	1,056		$	181
	Accumulated benefit obligation	$	982		$	163		$	1,054		$	181
	Fair value of plan assets	$	659		$	—		$	594		$	—



Schedule of net periodic pension cost for the Company's defined-benefit pension plans	'

	Net periodic pension cost for the Company's defined-benefit pension plans was as follows, in millions:


		2013						2012						2011
		Qualified			Non-Qualified			Qualified			Non-Qualified			Qualified			Non-Qualified
	Service cost	$	3		$	—		$	2		$	—		$	2		$	—
	Interest cost		44			6			46			7			47			8
	Expected return on plan assets		(40	)		—			(35	)		—			(36	)		—
	Recognized prior service cost		—			—			—			—			—			—
	Recognized net loss		16			2			14			2			10			1


	Net periodic pension cost	$	23		$	8		$	27		$	9		$	23		$	9







Schedule of the Company's qualified defined-benefit pension plan weighted average asset allocation	'






		At December 31
		2013			2012
	Equity securities		47	%		44	%
	Debt securities		35	%		41	%
	Other		18	%		15	%


	Total		100	%		100	%







Schedule of qualified defined-benefit pension plan assets at fair value	'

	The following table sets forth by level, within the fair value hierarchy, the qualified defined-benefit pension plan assets at fair value as of December 31, 2013 and 2012, in millions.


		Assets at Fair Value as of
		December 31, 2013
		Level 1			Level 2			Level 3			Total
	Common and Preferred Stocks:
	United States	$	143		$	107		$	—		$	250
	International		46			16			—			62
	Private Equity and Hedge Funds
	United States		—			—			52			52
	International		—			—			24			24
	Corporate Debt Securities:
	United States		15			25			—			40
	International		—			61			—			61
	Government and Other Debt Securities:
	United States		79			1			—			80
	International		23			27			—			50
	Common Collective Trust Fund – United States		—			3			—			3
	Short-Term and Other Investments
	United States		2			2			—			4
	International		10			6			17			33


	Total Assets at Fair Value	$	318		$	248		$	93		$	659









		Assets at Fair Value as of
		December 31, 2012
		Level 1			Level 2			Level 3			Total
	Common and Preferred Stocks:
	United States	$	127		$	61		$	—		$	188
	International		61			10			—			71
	Private Equity and Hedge Funds
	United States		—			—			52			52
	International		—			—			11			11
	Corporate Debt Securities:
	United States		—			25			—			25
	International		—			73			—			73
	Government and Other Debt Securities:
	United States		51			42			—			93
	International		24			29			—			53
	Common Collective Trust Fund – United States		—			12			—			12
	Short-Term and Other Investments
	United States		1			—			—			1
	International		—			—			15			15


	Total Assets at Fair Value	$	264		$	252		$	78		$	594







Schedule of changes in the fair value of the qualified defined-benefit pension plan level 3 assets	'

	Changes in the fair value of the qualified defined-benefit pension plan level 3 assets, were as follows, in millions:


		Year Ended			Year Ended
		December 31, 2013			December 31, 2012
	Fair Value, January 1	$	78		$	72
	Purchases		25			9
	Sales		(14	)		(8	)
	Transfers from Level 2 to Level 3		—			—
	Unrealized gains (losses)		4			5


	Fair Value, December 31	$	93		$	78







Schedule of major assumptions used in accounting for the Company's defined-benefit pension plans	'






		December 31
		2013			2012			2011
	Discount rate for obligations		4.4	%		3.8	%		4.4	%
	Expected return on plan assets		7.25	%		7.25	%		7.25	%
	Rate of compensation increase		—	%		—	%		—	%
	Discount rate for net periodic pension cost		3.8	%		4.4	%		5.3	%



Schedule of benefits expected to be paid relating to the Company's defined-benefit pension plans	'

	At December 31, 2013, the benefits expected to be paid in each of the next five years, and in aggregate for the five years thereafter, relating to the Company's defined-benefit pension plans, were as follows, in millions:


		Qualified			Non-Qualified
		Plans			Plans
	2014	$	45		$	12
	2015	$	47		$	12
	2016	$	48		$	12
	2017	$	49		$	12
	2018	$	50		$	12
	2019 - 2023	$	273		$	59

SHAREHOLDERS_EQUITY_Tables

SHAREHOLDERS' EQUITY (Tables)	12 Months Ended
SHAREHOLDERS' EQUITY (Tables)	Dec. 31, 2013
SHAREHOLDERS' EQUITY	'
Schedule of components of accumulated other comprehensive income	'

	The components of accumulated other comprehensive income attributable to Masco Corporation were as follows, in millions:


		At December 31
		2013			2012
	Cumulative translation adjustments	$	418		$	501
	Unrealized loss on marketable securities, net		(12	)		(12	)
	Unrealized loss on interest rate swaps		(19	)		(21	)
	Unrecognized prior service cost and net loss, net		(272	)		(409	)


	Accumulated other comprehensive income	$	115		$	59

RECLASSIFICATIONS_FROM_OTHER_C1

RECLASSIFICATIONS FROM OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
RECLASSIFICATIONS FROM OTHER COMPREHENSIVE INCOME (Tables)	Dec. 31, 2013
RECLASSIFICATIONS FROM OTHER COMPREHENSIVE INCOME	'
Schedule of reclassifications from accumulated other comprehensive income	'

	The reclassifications from accumulated other comprehensive income to the income statement were as follows, in millions:


		Amount Reclassified
		Twelve Months Ended December 31,
	Accumulated Other	2013		2012			2011		Income Statement Line Item
	Comprehensive Income	2013		2012			2011		Income Statement Line Item
	Amortization of defined benefit pension:
	Actuarial losses, net	$	18	$	16		$	11	Selling, General & Administrative Expense
			2		(9	)		5	Tax expense (benefit)


		$	20	$	7		$	16	Net of tax




	Interest rate swaps	$	2	$	2		$	—	Interest expense
			—		—			—	Tax expense


		$	2	$	2		$	—	Net of tax

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	12 Months Ended
SEGMENT INFORMATION (Tables)	Dec. 31, 2013
SEGMENT INFORMATION	'
Schedule of information about the Company by segment and geographic area	'

	Information about the Company by segment and geographic area was as follows, in millions:


			Net Sales									Operating Profit (Loss) (5)(6)									Assets at
			(1)(2)(3)(4)(5)									Operating Profit (Loss) (5)(6)									December 31 (9)(10)
			2013			2012			2011			2013			2012			2011			2013		2012		2011
	The Company's operations by segment were:
	Cabinets and Related Products		$	1,014		$	939		$	934		$	(10	)	$	(89	)	$	(126	)	$	659	$	700	$	792
	Plumbing Products			3,183			2,955			2,913			394			307			322			2,040		2,012		1,959
	Installation and Other Services			1,412			1,209			1,077			37			(19	)		(79	)		1,465		1,444		1,427
	Decorative Architectural Products			1,927			1,818			1,670			351			329			196			812		799		770
	Other Specialty Products			637			574			576			35			(31	)		(401	)		693		704		768


	Total		$	8,173		$	7,495		$	7,170		$	807		$	497		$	(88	)	$	5,669	$	5,659	$	5,716




	The Company's operations by geographic area were:
	North America		$	6,634		$	6,046		$	5,669		$	649		$	360		$	(259	)	$	4,295	$	4,363	$	4,441
	International, principally Europe			1,539			1,449			1,501			158			137			171			1,374		1,296		1,275


	Total, as above		$	8,173		$	7,495		$	7,170			807			497			(88	)		5,669		5,659		5,716




	General corporate expense, net (7)												(134	)		(126	)		(118	)
	Charge for litigation settlements, net (8)												—			(77	)		(9	)
	Gain from sales of fixed assets, net												—			8			—


	Operating profit (loss), as reported												673			302			(215	)
													(239	)		(229	)		(177	)
	Other income (expense), net												(239	)		(229	)		(177	)


	Income (loss) from continuing operations before income taxes											$	434		$	73		$	(392	)




	Corporate assets																					1,264		1,013		1,339
	Assets held for sale																					—		203		242


	Total assets																				$	6,933	$	6,875	$	7,297









												Depreciation and Amortization (5)
			Property Additions (5)									2013			2012			2011
			2013			2012			2011			2013			2012			2011
	The Company's operations by segment were:
Cabinets and Related Products		$	9		$	15		$	14		$	42		$	57		$	66
Plumbing Products			71			67			85			65			69			68
Installation and Other Services			14			11			9			27			30			32
Decorative Architectural Products			16			11			8			17			15			15
Other Specialty Products			10			11			17			22			21			48


			120			115			133			173			192			229
Unallocated amounts, principally related to corporate assets			4			2			6			11			11			16


Total		$	124		$	117		$	139		$	184		$	203		$	245









-1
Included in net sales were export sales from the U.S. of $227 million, $229 million and $241 million in 2013, 2012 and 2011, respectively.

-2
Excluded from net sales were intra-company sales between segments of approximately two percent of net sales in each of 2013, 2012 and 2011.

-3
Included in net sales were sales to one customer of $2,280 million, $2,143 million and $1,984 million in 2013, 2012 and 2011, respectively. Such net sales were included in the following segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products.

-4
Net sales from the Company's operations in the U.S. were $6,359 million, $5,793 million and $5,394 million in 2013, 2012 and 2011, respectively.

-5
Net sales, operating (loss) profit, property additions and depreciation and amortization expense for 2013, 2012 and 2011 excluded the results of businesses reported as discontinued operations in 2013, 2012 and 2011.

-6
Included in segment operating profit (loss) for 2012 was an impairment charge for other intangible assets as follows: Other Specialty Products – $42 million. Included in segment operating (loss) profit for 2011 were impairment charges for goodwill and other intangible assets as follows: Plumbing Products – $1 million; Decorative Architectural Products – $75 million; and Other Specialty Products – $374 million.

-7
General corporate expense, net included those expenses not specifically attributable to the Company's segments.

-8
The charge for litigation settlement, net in 2012 primarily relates to a business in the Installation and Other Services segment and in 2011 relates to business units in the Cabinets and Related Products and the Other Specialty Products segments.

-9
Long-lived assets of the Company's operations in the U.S. and Europe were $2,685 million and $481 million, $2,792 million and $467 million, and $2,962 million and $455 million at December 31, 2013, 2012 and 2011, respectively.

-10
Segment assets for 2012 and 2011 excluded the assets of businesses reported as discontinued operations in the respective years.

OTHER_INCOME_EXPENSE_NET_Table

OTHER INCOME (EXPENSE), NET (Tables)	12 Months Ended
OTHER INCOME (EXPENSE), NET (Tables)	Dec. 31, 2013
OTHER INCOME (EXPENSE), NET	'
Schedule of components of other, net, which is included in other income (expense), net	'

	Other, net, which is included in other income (expense), net, was as follows, in millions:


		2013			2012			2011
	Income from cash and cash investments	$	3		$	6		$	8
	Other interest income		2			1			1
	Income from financial investments, net (Note E)		11			22			73
	Other items, net		(20	)		(4	)		(5	)


	Total other, net	$	(4	)	$	25		$	77

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2013
INCOME TAXES	'
Schedule of components of income taxes expense (benefit) from continuing operations	'






					(In Millions)
		2013			2012			2011
	Income (loss) from continuing operations before income taxes:
	U.S.	$	279		$	(84	)	$	(575	)
	Foreign		155			157			183


		$	434		$	73		$	(392	)




	Income tax expense (benefit) on income (loss) from continuing operations:
	Currently payable:
	U.S. Federal	$	3		$	—		$	—
	State and local		4			(2	)		(1	)
	Foreign		58			51			63
	Deferred:
	U.S. Federal		41			31			(103	)
	State and local		7			7			—
	Foreign		(2	)		4			1


		$	111		$	91		$	(40	)




	Deferred tax assets at December 31:
	Receivables	$	12		$	14
	Inventories		23			24
	Other assets, principally stock-based compensation		103			118
	Accrued liabilities		157			156
	Long-term liabilities		195			253
	Net operating loss carryforward		317			400
	Tax credit carryforward		38			25


			845			990
	Valuation allowance		(670	)		(787	)


			175			203


	Deferred tax liabilities at December 31:
	Property and equipment		148			180
	Intangibles		342			286
	Investment in foreign subsidiaries		5			8
	Other		4			9


			499			483


	Net deferred tax liability at December 31	$	324		$	280







Schedule of reconciliation of the U.S. Federal statutory tax rate to the income tax expense (benefit) on income (loss) from continuing operations	'






		2013			2012			2011
	U.S. Federal statutory tax rate – expense (benefit)		35	%		35	%		(35	)%
	State and local taxes, net of U.S. Federal tax benefit		2			4			—
	Lower taxes on foreign earnings		—			(9	)		—
	U.S. and foreign taxes on distributed and undistributed foreign earnings		—			1			—
	Goodwill and other intangible assets impairment charges providing no tax benefit		—			2			3
	U.S. Federal valuation allowance		(11	)		89			24
	Other, net		—			3			(2	)


	Effective tax rate – expense (benefit)		26	%		125	%		(10	)%







Schedule of reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties	'






		(In millions)
		Uncertain Tax Positions			Interest and Penalties			Total
	Balance at January 1, 2012	$	61		$	20		$	81
	Current year tax positions:
	Additions		6						6
	Prior year tax positions:
	Reductions		(4	)					(4	)
	Settlements with tax authorities		—						—
	Lapse of applicable statute of limitations		(12	)					(12	)
	Interest and penalties recognized in income tax expense		—			(3	)		(3	)


	Balance at December 31, 2012	$	51		$	17		$	68




	Current year tax positions:
	Additions	$	9					$	9
	Prior year tax positions:
	Additions		1						1
	Reductions		(2	)					(2	)
	Settlements with tax authorities		(1	)					(1	)
	Lapse of applicable statute of limitations		(12	)					(12	)
	Interest and penalties recognized in income tax expense				$	(4	)		(4	)


	Balance at December 31, 2013	$	46		$	13		$	59

EARNINGS_PER_COMMON_SHARE_Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
EARNINGS PER COMMON SHARE (Tables)	Dec. 31, 2013
EARNINGS PER COMMON SHARE	'
Schedule of reconciliations of the numerators and denominators used in the computations of basic and diluted earnings per common share	'

	Reconciliations of the numerators and denominators used in the computations of basic and diluted earnings per common share were as follows, in millions:


		2013			2012			2011
	Numerator (basic and diluted):
	Income (loss) from continuing operations	$	282		$	(53	)	$	(394	)
	Less: Allocation to unvested restricted stock awards		6			2			3


	Income (loss) from continuing operations attributable to common shareholders		276			(55	)		(397	)


	Loss from discontinued operations, net		(10	)		(61	)		(181	)
	Allocation to unvested restricted stock awards		—			—			—


	Loss from discontinued operations attributable to common shareholders		(10	)		(61	)		(181	)


	Net income (loss) available to common shareholders	$	266		$	(116	)	$	(578	)




	Denominator:
	Basic common shares (based upon weighted average)		350			349			348
	Add:
	Contingent common shares		—			—			—
	Stock option dilution		2			—			—


	Diluted common shares		352			349			348

OTHER_COMMITMENTS_AND_CONTINGE1

OTHER COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
OTHER COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2013
OTHER COMMITMENTS AND CONTINGENCIES	'
Schedule of changes in the Company's warranty liability	'

	Changes in the Company's warranty liability were as follows, in millions:


		2013			2012
	Balance at January 1	$	118		$	102
	Accruals for warranties issued during the year		42			42
	Accruals related to pre-existing warranties		6			16
	Settlements made (in cash or kind) during the year		(42	)		(38	)
	Other, net (including currency translation)		—			(4	)


	Balance at December 31	$	124		$	118

INTERIM_FINANCIAL_INFORMATION_1

INTERIM FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
INTERIM FINANCIAL INFORMATION (UNAUDITED) (Tables)	Dec. 31, 2013
INTERIM FINANCIAL INFORMATION (UNAUDITED)	'
Schedule of interim financial information	'






					Quarters Ended
					(In Millions, Except Per Common Share Data)
		Total Year			December 31			September 30		June 30			March 31
	2013
	Net sales	$	8,173		$	1,998		$	2,150	$	2,149		$	1,876
	Gross profit	$	2,255		$	531		$	607	$	609		$	508
	Income from continuing operations	$	282		$	39		$	105	$	82		$	56
	Net income	$	272		$	45		$	103	$	77		$	47
	Earnings per common share:
	Basic:
	Income from continuing operations	$	0.79		$	0.11		$	0.29	$	0.23		$	0.16
	Net income	$	0.76		$	0.13		$	0.29	$	0.22		$	0.13
	Diluted:
	Income from continuing operations	$	0.78		$	0.11		$	0.29	$	0.23		$	0.16
	Net income	$	0.76		$	0.12		$	0.29	$	0.21		$	0.13
	2012
	Net sales	$	7,495		$	1,831		$	1,913	$	1,945		$	1,806
	Gross profit	$	1,956		$	451		$	500	$	521		$	484
	(Loss) income from continuing operations	$	(53	)	$	(70	)	$	26	$	(51	)	$	42
	Net (loss) income	$	(114	)	$	(87	)	$	15	$	(75	)	$	33
	(Loss) earnings per common share:
	Basic:
	(Loss) income from continuing operations	$	(.16	)	$	(.20	)	$	0.07	$	(.15	)	$	0.12
	Net (loss) income	$	(.33	)	$	(.25	)	$	0.04	$	(.22	)	$	0.09
	Diluted:
	(Loss) income from continuing operations	$	(.16	)	$	(.20	)	$	0.07	$	(.15	)	$	0.12
	Net (loss) income	$	(.33	)	$	(.25	)	$	0.04	$	(.22	)	$	0.09

ACCOUNTING_POLICIES_Details

ACCOUNTING POLICIES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Minimum	Maximum
Customer promotion costs	'	'	'	'
Expected useful life of product	'	'	'3 years	'5 years
Receivables	'	'	'	'
Certain receivables allowances including allowances for doubtful accounts	$57	$71	'	'
Unbilled revenue related to Installation and Other Services	$24	$18	'	'

ACCOUNTING_POLICIES_Details_2

ACCOUNTING POLICIES (Details 2) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property and equipment	'	'	'
Depreciation expense	$175	$192	$234
Cabinets and Related Products and Plumbing Products segments	'	'	'
Property and equipment	'	'	'
Accelerated depreciation expenses	13	28	'
Cabinets and Related Products and Other Specialty Products segment	'	'	'
Property and equipment	'	'	'
Accelerated depreciation expenses	'	'	$52
Buildings \| Minimum	'	'	'
Property and equipment	'	'	'
Annual depreciation rates (as a percent)	2.00%	'	'
Buildings \| Maximum	'	'	'
Property and equipment	'	'	'
Annual depreciation rates (as a percent)	10.00%	'	'
Land improvements \| Minimum	'	'	'
Property and equipment	'	'	'
Annual depreciation rates (as a percent)	2.00%	'	'
Land improvements \| Maximum	'	'	'
Property and equipment	'	'	'
Annual depreciation rates (as a percent)	10.00%	'	'
Machinery and equipment \| Minimum	'	'	'
Property and equipment	'	'	'
Annual depreciation rates (as a percent)	5.00%	'	'
Machinery and equipment \| Maximum	'	'	'
Property and equipment	'	'	'
Annual depreciation rates (as a percent)	33.00%	'	'

ACCOUNTING_POLICIES_Details_3

ACCOUNTING POLICIES (Details 3)	12 Months Ended
ACCOUNTING POLICIES (Details 3)	Dec. 31, 2013	Dec. 31, 2012
Goodwill and Other Intangible Assets	'	'
Period of operation forecasts used in impairment test	'5 years	'
Weighted average cost of capital (as a percent)	10.00%	'
Minimum	'	'
Goodwill and Other Intangible Assets	'	'
Assumed annual growth rate of cash flows (as a percent)	1.00%	'
Discount rate on estimated discounted cash flows (as a percent)	11.50%	11.00%
Maximum	'	'
Goodwill and Other Intangible Assets	'	'
Assumed annual growth rate of cash flows (as a percent)	3.00%	'
Discount rate on estimated discounted cash flows (as a percent)	13.50%	13.00%

ACCOUNTING_POLICIES_Details_4

ACCOUNTING POLICIES (Details 4) (Stock awards)	12 Months Ended
ACCOUNTING POLICIES (Details 4) (Stock awards)	Dec. 31, 2013
Minimum	'
Stock-based compensation	'
Award vesting period	'5 years
Maximum	'
Stock-based compensation	'
Award vesting period	'10 years
Age 66 or older	'
Stock-based compensation	'
Award vesting period	'5 years

ACCOUNTING_POLICIES_Details_5

ACCOUNTING POLICIES (Details 5) (Hansgrohe SE)	12 Months Ended
ACCOUNTING POLICIES (Details 5) (Hansgrohe SE)	Dec. 31, 2013	Dec. 31, 2012
Hansgrohe SE	'	'
Noncontrolling interest	'	'
Ownership percentage of Hansgrohe SE	68.00%	68.00%

ACCOUNTING_POLICIES_Details_6

ACCOUNTING POLICIES (Details 6) (USD $)	3 Months Ended					12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Impact of previously issued consolidated balance sheets	'	'	'	'	'	'	'	'	'
Cash and cash investments	$1,028	$828	$889	$1,612	$1,491	$1,223	$1,040	$1,353	$1,425
Short-term bank deposits	'	'	'	'	'	321	311	303	'
Total current assets	'	'	'	'	'	3,468	3,217	3,429	'
Impact of previously issued consolidated statement of cash flows	'	'	'	'	'	'	'	'	'
Net cash (for) investing activities	62	70	-17	37	10	-77	-29	-84	-244
Effect of exchange rate changes on cash and cash investments	'	'	'	'	'	-3	11	-8	-7
Decrease in cash and cash investments	'	'	'	'	'	183	-313	-72	174
Impact of previously issued consolidated statement of cash flows	'	'	'	'	'	'	'	'	'
Cash and cash investments	1,028	828	889	1,612	1,491	1,223	1,040	1,353	1,425
Short-term bank deposits	195	204	277	241	297	'	'	'	'
Net cash (for) investing activities	62	70	-17	37	10	-77	-29	-84	-244
As Reported	'	'	'	'	'	'	'	'	'
Impact of previously issued consolidated balance sheets	'	'	'	'	'	'	'	'	'
Cash and cash investments	1,223	1,032	1,166	1,853	1,788	'	1,351	1,656	'
Total current assets	'	'	'	'	'	'	3,217	3,429	'
Impact of previously issued consolidated statement of cash flows	'	'	'	'	'	'	'	'	'
Net cash (for) investing activities	-51	-30	-42	-15	-2	'	-27	-61	-109
Effect of exchange rate changes on cash and cash investments	'	'	'	'	'	'	17	-18	-14
Decrease in cash and cash investments	'	'	'	'	'	'	-305	-59	302
Impact of previously issued consolidated statement of cash flows	'	'	'	'	'	'	'	'	'
Cash and cash investments	1,223	1,032	1,166	1,853	1,788	'	1,351	1,656	'
Net cash (for) investing activities	($51)	($30)	($42)	($15)	($2)	'	($27)	($61)	($109)
Foreign short-term bank deposits \| Minimum	'	'	'	'	'	'	'	'	'
Term	'	'	'	'	'	'3 months	'	'	'
Foreign short-term bank deposits \| Maximum	'	'	'	'	'	'	'	'	'
Term	'	'	'	'	'	'12 months	'	'	'

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Selected financial information for the discontinued operations	'	'	'	'
Net proceeds from disposition of discontinued businesses	'	$17	$7	'
Net sales	'	265	321	389
Operating loss from discontinued operations	'	-7	-44	-58
Impairment of assets held for sale	-10	-10	-3	-130
Gain (loss) on disposal of discontinued operations, net	'	3	-6	-3
Loss before income tax	'	-14	-53	-191
Income tax (benefit) expense	'	-4	8	-10
Loss from discontinued operations, net	'	-10	-61	-181
Currency translation expense related to sale of the ready-to-assemble cabinet business	'	18	'	'
Impairment of indefinite and definite-lived intangible assets	'	'	'	56
Impairment of goodwill	'	'	'	57
Impairment of fixed and other assets	'	'	'	17
Impairment of fixed and other assets related to businesses disposed in prior years	'	'	'	$3

DISCONTINUED_OPERATIONS_Detail1

DISCONTINUED OPERATIONS (Details 2) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2012
Balance sheet items reclassified as held for sale	'	'
Receivables	'	$32
Inventories	'	66
Prepaid expenses and other	'	2
Property and equipment, net	'	103
Total assets	'	203
Accounts payable	'	31
Accrued liabilities	'	14
Deferred income taxes	'	4
Total liabilities	'	49
Net sales from Decorative Architectural Products segment	1	'
Operating loss	15	'
Write-down inventory	$8	'

ACQUISITIONS_Details

ACQUISITIONS (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2011
	Small U.K. door business	Small manufacturer of hot tubs
Acquisitions	'	'
Total net cash purchase price of acquisition	$4	$10

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
INVENTORIES	'	'
Finished goods	$398	$369
Raw material	268	261
Work in process	99	96
Total	$765	$726

FAIR_VALUE_OF_FINANCIAL_INVEST2

FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES (Details) (USD $)

12 Months Ended

In Millions, except Share data, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Every 7 days

Every 28 days

Every 35 days

Private equity funds

Venture capital funds

Buyout funds

Recurring investments

Non-recurring investments

Funds

Level 3

Auction rate securities

TriMas common stock

Private equity funds

Other investments

Level 3

Fair value of financial investments and liabilities

Recurring investments, Available-for-sale securities

$22

Non-recurring investments

Total financial investments

Cost basis available-for-sale securities

Pre-tax unrealized gains, available-for-sale securities

Recorded basis, available for sale securities

Number of funds

Auction rate securities interest rate reset period

'7 days

'28 days

'35 days

Changes in Level 3 financial investments

Impairment loss, cost method investments

Aggregate carrying value of investments not reviewed for impairment

Number of shares sold

1,974,000

Proceeds from sale of shares

$43

FAIR_VALUE_OF_FINANCIAL_INVEST3

FAIR VALUE OF FINANCIAL INVESTMENTS AND LIABILITIES (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income from financial investments, net and impairment charges	'	'	'
Realized gains from marketable securities	'	'	$41,000,000
Impairment charges	'	2,000,000	'
Income from financial investments, net	11,000,000	22,000,000	73,000,000
Estimated market value of long-term and short-term debt	3,700,000,000	4,000,000,000	'
Aggregate carrying value of long-term and short-term debt	3,400,000,000	3,600,000,000	'
Private equity funds	'	'	'
Income from financial investments, net and impairment charges	'	'	'
Realized gains from private equity funds	11,000,000	24,000,000	32,000,000
Impairment charges	'	$2,000,000	'

DERIVATIVE_INSTRUMENTS_AND_HED2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) (USD $)	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2011	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2011
In Millions, unless otherwise specified		Derivatives designated as hedging instruments	Derivatives designated as hedging instruments	Derivatives designated as hedging instruments	Derivatives designated as hedging instruments	Derivatives designated as hedging instruments	Derivatives designated as hedging instruments
		Cash flow hedges	Cash flow hedges	Cash flow hedges	Cash flow hedges	Fair value hedge	Fair value hedge
		Interest Rate Swap Agreements	Interest Rate Swap Agreements	Interest Rate Swap Agreements	Interest Rate Swap Agreements	Interest Rate Swap Agreements	Interest Rate Swap Agreements
		3 month LIBOR interest rate swap, cash flow hedge terminated March 2012	3 month LIBOR interest rate swap, cash flow hedge terminated March 2012	Other, net	Interest expense	Interest expense	Interest expense
				3 month LIBOR interest rate swap, cash flow hedge terminated March 2012	3 month LIBOR interest rate swap, cash flow hedge terminated March 2012	Two fair value interest rate swap agreements terminated in 2008 and 2004	Two fair value interest rate swap agreements terminated in 2008 and 2004
						item
Interest Rate Swap Agreements	'	'	'	'	'	'	'
Debt issued	$400	'	'	'	'	'	'
Forecasted debt issuance variable rate period	'	'3-month LIBOR	'	'	'	'	'
Ineffective portion of the cash flow hedges	'	'	'	2	'	'	'
Interest rate swap recorded in other comprehensive income	'	'	23	'	'	'	'
Balance remaining in accumulated other comprehensive income	'	19	'	'	'	'	'
Decrease in interest expense due to amortization of gains on termination of interest rate swap agreement	'	'	'	'	6	'	10
Interest expense due to amortization of losses on termination of interest rate swap agreement	'	'	'	'	$2	'	'
Number of swap agreements	'	'	'	'	'	2	'

DERIVATIVE_INSTRUMENTS_AND_HED3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 2) (Not designated as a hedge, USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Derivative instruments and hedging activities	'	'	'
Total gains (losses)	($4)	'	($1)
Foreign currency exchange contracts \| Other income (expense), net	'	'	'
Derivative instruments and hedging activities	'	'	'
Total gains (losses)	2	-2	3
Foreign currency forward contracts \| Other income (expense), net	'	'	'
Derivative instruments and hedging activities	'	'	'
Total gains (losses)	1	'	3
Metals contracts \| Cost of sales	'	'	'
Derivative instruments and hedging activities	'	'	'
Total gains (losses)	($7)	$2	($7)

DERIVATIVE_INSTRUMENTS_AND_HED4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Recurring \| Level 2	'	'
Derivative instruments and hedging activities	'	'
Assets	'	$2
Liabilities	5	8
Foreign currency exchange contracts	'	'
Derivative instruments and hedging activities	'	'
Notional Amount	53	172
Foreign currency exchange contracts \| Current liabilities \| Recurring \| Level 2	'	'
Derivative instruments and hedging activities	'	'
Liabilities	2	5
Foreign currency forward contracts	'	'
Derivative instruments and hedging activities	'	'
Notional Amount	88	76
Foreign currency forward contracts \| Current assets \| Recurring \| Level 2	'	'
Derivative instruments and hedging activities	'	'
Assets	'	1
Liabilities	'	1
Foreign currency forward contracts \| Current liabilities \| Recurring \| Level 2	'	'
Derivative instruments and hedging activities	'	'
Liabilities	1	'
Metals contracts	'	'
Derivative instruments and hedging activities	'	'
Notional Amount	48	35
Metals contracts \| Current liabilities \| Recurring \| Level 2	'	'
Derivative instruments and hedging activities	'	'
Assets	'	1
Liabilities	$2	$2

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Property and Equipment	'	'
Property and equipment, Gross	$2,990	$3,013
Less: Accumulated depreciation	1,738	1,687
Total	1,252	1,326
Land and improvements	'	'
Property and Equipment	'	'
Property and equipment, Gross	135	140
Buildings	'	'
Property and Equipment	'	'
Property and equipment, Gross	809	819
Machinery and equipment	'	'
Property and Equipment	'	'
Property and equipment, Gross	$2,046	$2,054

PROPERTY_AND_EQUIPMENT_Details1

PROPERTY AND EQUIPMENT (Details 2) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating Leases	'	'	'
Rental expense	$93	$94	$102
Future minimum lease payments 2014	62	'	'
Future minimum lease payments 2015	47	'	'
Future minimum lease payments 2016	32	'	'
Future minimum lease payments 2017	20	'	'
Future minimum lease payments 2018	14	'	'
Future minimum lease payments 2019 and beyond	86	'	'
Former owners and current management \| Lease of operating facilities	'	'	'
Operating Leases	'	'	'
Rental expense to related parties	$6	$5	$5

PROPERTY_AND_EQUIPMENT_Details2

PROPERTY AND EQUIPMENT (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Facilities held-for-sale	'	'
Net book value	$1,252	$1,326
Several facilities held for sale \| Cabinets and Related Products and Other Specialty Products	'	'
Facilities held-for-sale	'	'
Net book value	$6	$14

GOODWILL_AND_OTHER_INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Goodwill	'	'	'
Gross Goodwill	$3,873	$3,864	$3,861
Accumulated Impairment Losses	-1,970	-1,970	-1,970
Net Goodwill	1,903	1,894	'
Changes in the carrying amount of goodwill	'	'	'
Beginning balance	1,894	1,891	'
Other	-6	-3	'
Additions	3	'	'
Ending balance	1,903	1,894	'
Cabinets and Related Products segment	'	'	'
Goodwill	'	'	'
Gross Goodwill	240	240	240
Accumulated Impairment Losses	-59	-59	-59
Net Goodwill	181	181	181
Changes in the carrying amount of goodwill	'	'	'
Beginning balance	'	'	181
Ending balance	181	181	181
Plumbing Products	'	'	'
Goodwill	'	'	'
Gross Goodwill	550	544	541
Accumulated Impairment Losses	-340	-340	-340
Net Goodwill	210	204	'
Changes in the carrying amount of goodwill	'	'	'
Beginning balance	204	201	'
Other	-6	-3	'
Ending balance	210	204	'
Installation and Other Services	'	'	'
Goodwill	'	'	'
Gross Goodwill	1,806	1,806	1,806
Accumulated Impairment Losses	-762	-762	-762
Net Goodwill	1,044	1,044	1,044
Changes in the carrying amount of goodwill	'	'	'
Beginning balance	'	'	1,044
Ending balance	1,044	1,044	1,044
Decorative Architectural Products	'	'	'
Goodwill	'	'	'
Gross Goodwill	294	294	294
Accumulated Impairment Losses	-75	-75	-75
Net Goodwill	219	219	219
Changes in the carrying amount of goodwill	'	'	'
Beginning balance	'	'	219
Ending balance	219	219	219
Other Specialty Products	'	'	'
Goodwill	'	'	'
Gross Goodwill	983	980	980
Accumulated Impairment Losses	-734	-734	-734
Net Goodwill	249	'	246
Changes in the carrying amount of goodwill	'	'	'
Beginning balance	246	'	246
Additions	3	'	'
Ending balance	$249	'	$246

GOODWILL_AND_OTHER_INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Details 2) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Goodwill and other intangible assets	'	'	'
Pre-tax impairment charges for goodwill	$0	$0	$442
After tax impairment charges for goodwill	'	'	286
Impairment of long-lived assets	0	'	'
Other indefinite-lived intangible assets	133	132	'
Pre-tax impairment charges for other indefinite-lived intangible assets	'	42	8
After tax impairment charges for other indefinite-lived intangible assets	'	27	5
Carrying value of definite-lived intangible assets	16	19	'
Accumulated amortization	62	57	'
Amortization expense related to the definite-lived intangible assets	5	6	6
Amortization expense related to the definite-lived intangible assets, 2014	5	'	'
Amortization expense related to the definite-lived intangible assets, 2015	4	'	'
Amortization expense related to the definite-lived intangible assets, 2016	3	'	'
Amortization expense related to the definite-lived intangible assets, 2017	1	'	'
Amortization expense related to the definite-lived intangible assets, 2018	$1	'	'
Weighted average	'	'	'
Goodwill and other intangible assets	'	'	'
Weighted average amortization period	'6 years	'6 years	'

OTHER_ASSETS_Details

OTHER ASSETS (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
OTHER ASSETS	'	'	'
Financial investments	$88	$95	'
In-store displays, net	21	35	'
Debenture expense	24	25	'
Notes receivable	2	2	'
Other	26	27	'
Total	161	184	'
Amortization period of in-store displays, minimum	'3 years	'	'
Amortization period of in-store displays, maximum	'5 years	'	'
Amortization expense related to in-store displays	19	21	24
Cash spent for in-store displays	$5	$23	$17

ACCRUED_LIABILITIES_Details

ACCRUED LIABILITIES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
ACCRUED LIABILITIES	'	'	'
Salaries, wages and commissions	$210	$189	'
Insurance	166	170	'
Warranty	124	118	102
Advertising and sales promotion	111	93	'
Interest	58	63	'
Employee retirement plans	48	40	'
Income taxes payable	32	27	'
Property, payroll and other taxes	28	24	'
Dividends payable	27	27	'
Derivative instruments	5	6	'
Plant closures	6	5	'
Litigation	4	7	'
Other	55	54	'
Total	$874	$823	'

DEBT_Details

DEBT (Details) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Aug. 15, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Mar. 05, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

In Millions, unless otherwise specified

7.125% Notes and Debentures Due 15 August 2013

4.8% Notes and Debentures Due 15 June 2015

6.125% Notes and Debentures Due 3 October 2016

5.85% Notes and Debentures Due 15 March 2017

6.625% Notes and Debentures Due 15 April 2018

7.125% Notes and Debentures Due 15 March 2020

5.95% Notes and Debentures Due 15 March 2022

7.75% Notes and Debentures Due 1 August 2029

6.5% Notes and Debentures Due 15 August 2032

Other Notes and Debentures

Debt

Long-term debt includes notes and debentures

$3,427

$3,628

$200

$500

$1,000

$300

$114

$500

$400

$296

$300

$17

$18

Less: Current portion

206

Total long-term debt

$3,421

$3,422

Interest rate (as a percent)

7.13%

4.80%

6.13%

5.85%

6.63%

7.13%

5.95%

7.75%

6.50%

DEBT_Details_2

DEBT (Details 2) (USD $)

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Mar. 31, 2012

Mar. 28, 2013

Dec. 31, 2013

Dec. 31, 2012

Mar. 28, 2013

Dec. 31, 2013

Mar. 28, 2013

Dec. 31, 2013

Aug. 15, 2013

Dec. 31, 2013

Mar. 05, 2012

Jan. 31, 2012

Credit Agreement dated March 28, 3013

Credit Agreement dated as of June 21, 2010, as amended

7.125% Notes and Debentures Due 15 August 2013

5.95% Notes and Debentures Due 15 March 2022

5.875% Notes and Debentures Due 15 July 2012

Prime rate

Federal funds effective rate

Libor rate

Revolver

Swingline loans

Letters of credit

European euros

Debt

Interest rate (as a percent)

7.13%

5.95%

5.88%

Repurchased and retired debt amount

$200,000,000

$46,000,000

Debt issued

400,000,000

Effective interest rate (as a percent)

6.50%

Premium paid on repurchase of notes

1,000,000

Notes retired

200,000,000

791,000,000

58,000,000

745,000,000

Borrowing capacity, maximum

1,250,000,000

500,000,000

150,000,000

250,000,000

1,250,000,000

Outstanding and unused Letters of Credit

92,000,000

Basis spread

'prime rate

'Federal Funds effective rate

'LIBOR

Interest rate, basis spread (as a percent)

0.50%

1.00%

Debt to total adjusted capitalization ratio, maximum (as a percent)

65.00%

Minimum interest coverage ratio

2.5

Non-cash charges, including goodwill and other intangible asset impairment charges occurring from and after January 1, 2012 that would negatively impact shareholders' equity, maximum allowed to add back in calculation of debt to capitalization ratio

250,000,000

Additional borrowing capacity

1,200,000,000

Absorption of reduction to shareholders' equity to remain in compliance with covenant

770,000,000

Amount borrowed

Maturities of long term debt in year 2014

6,000,000

Maturities of long term debt in year 2015

501,000,000

Maturities of long term debt in year 2016

1,001,000,000

Maturities of long term debt in year 2017

301,000,000

Maturities of long term debt in year 2018

115,000,000

Interest Paid

$232,000,000

$269,000,000

$254,000,000

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock-based compensation	'	'	'
Pre-tax compensation expense	$54	$61	$61
Income tax benefit	20	23	23
Tax rate - before valuation allowance (as a percent)	37.00%	37.00%	37.00%
Long-term stock awards	'	'	'
Stock-based compensation	'	'	'
Pre-tax compensation expense	34	35	39
Stock options	'	'	'
Stock-based compensation	'	'	'
Pre-tax compensation expense	13	15	21
Phantom stock awards and stock appreciation rights	'	'	'
Stock-based compensation	'	'	'
Pre-tax compensation expense	$7	$11	$1

STOCKBASED_COMPENSATION_Detail1

STOCK-BASED COMPENSATION (Details 2) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Long-term stock awards	'	'	'
Unvested stock award shares	'	'	'
Balance at the beginning of the period (in shares)	8,000,000	10,000,000	10,000,000
Granted (in shares)	1,700,000	1,000,000	2,000,000
Vested (in shares)	2,000,000	2,000,000	2,000,000
Forfeited (in shares)	'	1,000,000	'
Balance at the end of the period (in shares)	8,000,000	8,000,000	10,000,000
Weighted average grant date fair value	'	'	'
Balance at the beginning of the period (in dollars per share)	$16	$17	$19
Granted (in dollars per share)	$20	$12	$13
Vested (in dollars per share)	$17	$18	$20
Forfeited (in dollars per share)	$16	$17	$18
Balance at the end of the period (in dollars per share)	$17	$16	$17
Additional disclosures	'	'	'
Total unrecognized compensation expense	$69	$72	$107
Remaining weighted average vesting period	'3 years	'4 years	'4 years
Total market value (at the vesting date) of stock award shares	$38	$27	$28
2005 Plan	'	'	'
Long-term stock awards	'	'	'
Common stock available for granting stock options and other long-term stock incentive awards	9,300,000	'	'

STOCKBASED_COMPENSATION_Detail2

STOCK-BASED COMPENSATION (Details 3) (Stock Options, USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock Options	'	'	'
Stock Options	'	'	'
Vesting period	'5 years	'	'
Expiration period	'10 years	'	'
Shares	'	'	'
Outstanding at the beginning of the period (in shares)	30,000,000	36,000,000	37,000,000
Granted (in shares)	899,000	1,000,000	2,000,000
Exercised (in shares)	3,000,000	1,000,000	'
Forfeited (in shares)	3,800,000	6,000,000	3,000,000
Outstanding at the end of the period (in shares)	24,000,000	30,000,000	36,000,000
Option shares vested and expected to vest at the end of the period	24,000,000	30,000,000	36,000,000
Option shares exercisable at the end of the period	20,000,000	23,000,000	24,000,000
Weighted average exercise price	'	'	'
Outstanding at the beginning of the period (in dollars per share)	$21	$21	$21
Granted (in dollars per share)	$20	$12	$13
Exercised (in dollars per share)	$12	$10	$8
Forfeited (in dollars per share)	$26	$19	$22
Outstanding at the end of the period (in dollars per share)	$22	$21	$21
Option shares vested and expected to vest at the end of the period (in dollars per share)	$22	$21	$21
Option shares exercisable at the end of the period (in dollars per share)	$24	$24	$25
Aggregate intrinsic value	'	'	'
Exercised	$23	$5	$1
Option shares vested and expected to vest at the end of the period	109	55	12
Option shares exercisable at the end of the period	62	22	4
Weighted average remaining option term	'	'	'
Outstanding at the end of the period	'4 years	'5 years	'5 years
Option shares vested and expected to vest at the end of the period	'4 years	'5 years	'5 years
Option shares exercisable at the end of the period	'3 years	'4 years	'4 years
Additional disclosures	'	'	'
Total unrecognized compensation expense	$9	$15	$33
Weighted average remaining vesting period	'2 years	'2 years	'3 years

STOCKBASED_COMPENSATION_Detail3

STOCK-BASED COMPENSATION (Details 4) (Stock Options, USD $)	12 Months Ended
STOCK-BASED COMPENSATION (Details 4) (Stock Options, USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock Options	'	'	'
Stock Options	'	'	'
Weighted average grant date fair value (in dollars per share)	$8.35	$4.44	$5.07
Risk-free interest rate (as a percent)	1.22%	1.09%	2.69%
Dividend yield (as a percent)	1.47%	2.57%	2.35%
Volatility factor (as a percent)	49.07%	50.97%	49.03%
Expected option life	'6 years	'6 years	'6 years

STOCKBASED_COMPENSATION_Detail4

STOCK-BASED COMPENSATION (Details 5) (USD $)	12 Months Ended
In Millions, except Per Share data, unless otherwise specified	Dec. 31, 2013
Range One	'
Stock-based compensation	'
Exercise price range, low end of range (in dollars per share)	$8
Exercise price range, high end of range (in dollars per share)	$21
Option Shares Outstanding, Number of Shares	13
Option Shares Outstanding, Weighted Average Remaining Option Term	'6 years
Option Shares Outstanding, Weighted Average Exercise Price (in dollars per share)	$14
Option Shares Exercisable, Number of Shares	8
Option Shares Exercisable, Weighted Average Exercise price (in dollars per share)	$15
Range Two	'
Stock-based compensation	'
Exercise price range, low end of range (in dollars per share)	$26
Exercise price range, high end of range (in dollars per share)	$28
Option Shares Outstanding, Number of Shares	3
Option Shares Outstanding, Weighted Average Remaining Option Term	'2 years
Option Shares Outstanding, Weighted Average Exercise Price (in dollars per share)	$27
Option Shares Exercisable, Number of Shares	3
Option Shares Exercisable, Weighted Average Exercise price (in dollars per share)	$27
Range Three	'
Stock-based compensation	'
Exercise price range, low end of range (in dollars per share)	$29
Exercise price range, high end of range (in dollars per share)	$31
Option Shares Outstanding, Number of Shares	8
Option Shares Outstanding, Weighted Average Remaining Option Term	'2 years
Option Shares Outstanding, Weighted Average Exercise Price (in dollars per share)	$30
Option Shares Exercisable, Number of Shares	9
Option Shares Exercisable, Weighted Average Exercise price (in dollars per share)	$30
Range Four	'
Stock-based compensation	'
Exercise price range, low end of range (in dollars per share)	$33
Exercise price range, high end of range (in dollars per share)	$36
Option Shares Outstanding, Weighted Average Remaining Option Term	'2 years
Option Shares Outstanding, Weighted Average Exercise Price (in dollars per share)	$34
Option Shares Exercisable, Weighted Average Exercise price (in dollars per share)	$34
Range Five	'
Stock-based compensation	'
Exercise price range, low end of range (in dollars per share)	$8
Exercise price range, high end of range (in dollars per share)	$36
Option Shares Outstanding, Number of Shares	24
Option Shares Outstanding, Weighted Average Remaining Option Term	'4 years
Option Shares Outstanding, Weighted Average Exercise Price (in dollars per share)	$22
Option Shares Exercisable, Number of Shares	20
Option Shares Exercisable, Weighted Average Exercise price (in dollars per share)	$24

STOCKBASED_COMPENSATION_Detail5

STOCK-BASED COMPENSATION (Details 6) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Phantom Stock Awards	'	'	'
Phantom Stock Awards and Stock Appreciation Rights	'	'	'
Recognized expense (income) related to valuation	$5	$7	$2
Stock award shares granted	165,180	162,310	349,550
Fair value of stock award granted	3	2	4
Cash paid to settle awards	4	3	2
Accrued compensation cost liability	14	11	'
Unrecognized compensation cost	4	5	'
Equivalent common shares	1,000,000	1,000,000	'
Phantom Stock Awards \| Minimum	'	'	'
Phantom Stock Awards and Stock Appreciation Rights	'	'	'
Vesting period	'5 years	'	'
Phantom Stock Awards \| Maximum	'	'	'
Phantom Stock Awards and Stock Appreciation Rights	'	'	'
Vesting period	'10 years	'	'
Stock Appreciation Rights	'	'	'
Phantom Stock Awards and Stock Appreciation Rights	'	'	'
Vesting period	'5 years	'	'
Recognized expense (income) related to valuation	2	4	-1
Accrued compensation cost liability	8	6	'
Unrecognized compensation cost	'	$1	'
Equivalent common shares	2,000,000	2,000,000	'

EMPLOYEE_RETIREMENT_PLANS_Deta

EMPLOYEE RETIREMENT PLANS (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	item	Dec. 31, 2012	Dec. 31, 2011
Employee Retirement Plans	'	'	'
Aggregate charges to earnings under defined benefit plan	$31	$36	$34
Aggregate charges to earnings under defined contribution retirement plan	54	43	31
Number of regional multi-employer pension plans in which the entity participates	20	'	'
Multi-employer plan, period contributions	4	4	3
Changes in projected benefit obligation:	'	'	'
Service cost	31	36	34
Qualified	'	'	'
Employee Retirement Plans	'	'	'
Aggregate charges to earnings under defined benefit plan	3	2	2
Changes in projected benefit obligation:	'	'	'
Balance at the beginning of the period	1,056	943	'
Service cost	3	2	2
Interest cost	40	42	'
Actuarial (gain) loss, net	-81	100	'
Foreign currency exchange	7	9	'
Benefit payments	-42	-40	'
Balance at the end of the period	983	1,056	943
Changes in fair value of plan assets:	'	'	'
Balance at the beginning of the period	594	504	'
Actual return on plan assets	65	75	'
Foreign currency exchange	2	4	'
Company contributions	44	55	'
Expenses, other	-4	-4	'
Benefit payments	-42	-40	'
Balance at the end of the period	659	594	504
Funded status at the end of the period	-324	-462	'
Non-Qualified	'	'	'
Changes in projected benefit obligation:	'	'	'
Balance at the beginning of the period	181	174	'
Interest cost	6	7	8
Actuarial (gain) loss, net	-13	11	'
Benefit payments	-11	-11	'
Balance at the end of the period	163	181	174
Changes in fair value of plan assets:	'	'	'
Company contributions	11	11	'
Benefit payments	-11	-11	'
Funded status at the end of the period	($163)	($181)	'

EMPLOYEE_RETIREMENT_PLANS_Deta1

EMPLOYEE RETIREMENT PLANS (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Amounts in the company's consolidated balance sheets	'	'
Accrued liabilities	($48)	($40)
Qualified	'	'
Amounts in the company's consolidated balance sheets	'	'
Accrued liabilities	-3	-3
Deferred income taxes and other	-321	-459
Total net liability	-324	-462
Amounts in accumulated other comprehensive income before income taxes	'	'
Net loss	344	467
Net transition obligation	1	1
Net prior service cost	2	2
Total	347	470
Information for the defined-benefit pension plans with an accumulated benefit obligation in excess of plan assets	'	'
Projected benefit obligation	983	1,056
Accumulated benefit obligation	982	1,054
Fair value of plan assets	659	594
Non-Qualified	'	'
Amounts in the company's consolidated balance sheets	'	'
Accrued liabilities	-12	-12
Deferred income taxes and other	-151	-169
Total net liability	-163	-181
Amounts in accumulated other comprehensive income before income taxes	'	'
Net loss	38	53
Total	38	53
Information for the defined-benefit pension plans with an accumulated benefit obligation in excess of plan assets	'	'
Projected benefit obligation	163	181
Accumulated benefit obligation	$163	$181

EMPLOYEE_RETIREMENT_PLANS_Deta2

EMPLOYEE RETIREMENT PLANS (Details 3) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net periodic pension cost for the company's defined-benefit pension plans	'	'	'
Service cost	$31	$36	$34
Pre-tax net loss from accumulated other comprehensive income into net periodic pension cost	13	'	'
Qualified	'	'	'
Net periodic pension cost for the company's defined-benefit pension plans	'	'	'
Service cost	3	2	2
Interest cost	44	46	47
Expected return on plan assets	-40	-35	-36
Recognized net loss	16	14	10
Net periodic pension cost	23	27	23
Non-Qualified	'	'	'
Net periodic pension cost for the company's defined-benefit pension plans	'	'	'
Interest cost	6	7	8
Recognized net loss	2	2	1
Net periodic pension cost	$8	$9	$9

EMPLOYEE_RETIREMENT_PLANS_Deta3

EMPLOYEE RETIREMENT PLANS (Details 4) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Employee Retirement Plans	'	'
Number of common stock shares included in plan assets	'	600,000
Value of common stock shares included in plan assets	'	10
Qualified	'	'
Employee Retirement Plans	'	'
Weighted average asset allocation (as a percent)	100.00%	100.00%
Qualified \| Equity securities	'	'
Employee Retirement Plans	'	'
Weighted average asset allocation (as a percent)	47.00%	44.00%
Qualified \| Debt securities	'	'
Employee Retirement Plans	'	'
Weighted average asset allocation (as a percent)	35.00%	41.00%
Qualified \| Other	'	'
Employee Retirement Plans	'	'
Weighted average asset allocation (as a percent)	18.00%	15.00%

EMPLOYEE_RETIREMENT_PLANS_Deta4

EMPLOYEE RETIREMENT PLANS (Details 5) (Qualified, USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	$659	$594	$504
Changes in the fair value of plan level 3 assets	'	'	'
Balance at the beginning of the period	78	72	'
Purchases	25	9	'
Sales	-14	-8	'
Unrealized gains (losses)	4	5	'
Balance at the end of the period	93	78	'
Level 1	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	318	264	'
Level 1 \| United States \| Common and Preferred Stocks	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	143	127	'
Level 1 \| United States \| Corporate Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	15	'	'
Level 1 \| United States \| Government and Other Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	79	51	'
Level 1 \| United States \| Short-Term and other Investments	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	2	1	'
Level 1 \| International \| Common and Preferred Stocks	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	46	61	'
Level 1 \| International \| Government and Other Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	23	24	'
Level 1 \| International \| Short-Term and other Investments	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	10	'	'
Level 2	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	248	252	'
Level 2 \| United States \| Common and Preferred Stocks	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	107	61	'
Level 2 \| United States \| Corporate Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	25	25	'
Level 2 \| United States \| Government and Other Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	1	42	'
Level 2 \| United States \| Common Collective Trust Fund	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	3	12	'
Level 2 \| United States \| Short-Term and other Investments	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	2	'	'
Level 2 \| International \| Common and Preferred Stocks	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	16	10	'
Level 2 \| International \| Corporate Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	61	73	'
Level 2 \| International \| Government and Other Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	27	29	'
Level 2 \| International \| Short-Term and other Investments	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	6	'	'
Level 3	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	93	78	'
Level 3 \| United States \| Private Equity and Hedge Funds	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	52	52	'
Level 3 \| International \| Private Equity and Hedge Funds	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	24	11	'
Level 3 \| International \| Short-Term and other Investments	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	17	15	'
Total	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	659	594	'
Total \| United States \| Common and Preferred Stocks	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	250	188	'
Total \| United States \| Private Equity and Hedge Funds	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	52	52	'
Total \| United States \| Corporate Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	40	25	'
Total \| United States \| Government and Other Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	80	93	'
Total \| United States \| Common Collective Trust Fund	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	3	12	'
Total \| United States \| Short-Term and other Investments	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	4	1	'
Total \| International \| Common and Preferred Stocks	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	62	71	'
Total \| International \| Private Equity and Hedge Funds	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	24	11	'
Total \| International \| Corporate Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	61	73	'
Total \| International \| Government and Other Debt Securities	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	50	53	'
Total \| International \| Short-Term and other Investments	'	'	'
Employee Retirement Plans	'	'	'
Total Assets at Fair Value	$33	$15	'

EMPLOYEE_RETIREMENT_PLANS_Deta5

EMPLOYEE RETIREMENT PLANS (Details 6)

12 Months Ended

120 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Equities

Fixed-income

Global assets

Alternative investments

Minimum

Defined-benefit pension plans

Minimum

Maximum

Employee Retirement Plans

Discount rate for obligations (as a percent)

4.40%

3.80%

4.40%

1.75%

4.80%

4.50%

Expected return on plan assets (as a percent)

7.25%

Discount rate for net periodic pension cost (as a percent)

3.80%

4.40%

5.30%

Liabilities having a discount rate for obligations (as a percent)

4.20%

3.40%

Actual annual rate of return on pension plan assets (as a percent)

13.60%

5.90%

6.90%

Period for actual annual rate of return on the Company's pension plan

'10 years

Asset allocation (as a percent)

38.00%

22.00%

20.00%

EMPLOYEE_RETIREMENT_PLANS_Deta6

EMPLOYEE RETIREMENT PLANS (Details 7) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
In Millions, unless otherwise specified	Post-retirement benefit plans	Post-retirement benefit plans	Qualified defined-benefit pension plans	Foreign defined-benefit pension plans	Non-qualified (domestic) defined-benefit pension plans
Employee Retirement Plans	'	'	'	'	'
Aggregate present value of unfunded accumulated post-retirement benefit obligation	$10	$12	'	'	'
Contribution to qualified defined-benefit pension plans	'	'	45	'	'
Payments to participants of unfunded defined-benefit pension plans	'	'	$45	$7	$12

EMPLOYEE_RETIREMENT_PLANS_Deta7

EMPLOYEE RETIREMENT PLANS (Details 8) (USD $)	Dec. 31, 2013
In Millions, unless otherwise specified	Dec. 31, 2013
Qualified Plans	'
Employee Retirement Plans	'
2014	$45
2015	47
2016	48
2017	49
2018	50
2019-2023	273
Non-Qualified Plans	'
Employee Retirement Plans	'
2014	12
2015	12
2016	12
2017	12
2018	12
2019-2023	$59

SHAREHOLDERS_EQUITY_Details

SHAREHOLDERS' EQUITY (Details) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Jul. 31, 2007
SHAREHOLDERS' EQUITY	'	'	'	'
Number of shares authorized to be repurchased for retirement	'	'	'	50,000,000
Remaining number of shares authorized to be repurchased	22,600,000	24,300,000	'	'
Repurchase and retirement of common stock to offset the dilutive impact of long-term stock awards	1,700,000	1,000,000	2,000,000	'
Repurchase and retirement of common stock cash aggregate to offset the dilutive effect	$35	$8	$30	'
Cash dividends per common share paid (in dollars per share)	$0.30	$0.30	$0.30	'
Cash dividends per common share declared (in dollars per share)	$0.30	$0.30	$0.30	'
Long-Term Stock Awards	'	'	'	'
Stock awards	'	'	'	'
Grant of long-term stock awards	1,700,000	1,000,000	2,000,000	'

SHAREHOLDERS_EQUITY_Details_2

SHAREHOLDERS' EQUITY (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
SHAREHOLDERS' EQUITY	'	'
Cumulative translation adjustments	$418	$501
Unrealized loss on marketable securities, net	-12	-12
Unrealized loss on interest rate swaps	-19	-21
Unrecognized prior service cost and net loss, net	-272	-409
Accumulated other comprehensive income	115	59
Income tax expense on unrealized loss on marketable securities	14	14
Income tax benefit on prior service cost and net loss	$105	$107

RECLASSIFICATIONS_FROM_OTHER_C2

RECLASSIFICATIONS FROM OTHER COMPREHENSIVE INCOME (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reclassifications from accumulated other comprehensive income (loss)	'	'	'	'	'	'	'	'	'	'	'
Selling, general and administrative expenses	'	'	'	'	'	'	'	'	$1,582	$1,535	$1,543
Tax expense (benefit)	'	'	'	'	'	'	'	'	111	91	-40
Interest expense	'	'	'	'	'	'	'	'	235	254	254
Other income (expense), net	'	'	'	'	'	'	'	'	-239	-229	-177
Net of tax	45	103	77	47	-87	15	-75	33	272	-114	-575
Actuarial losses, net \| Amount Reclassified	'	'	'	'	'	'	'	'	'	'	'
Reclassifications from accumulated other comprehensive income (loss)	'	'	'	'	'	'	'	'	'	'	'
Selling, general and administrative expenses	'	'	'	'	'	'	'	'	18	16	11
Tax expense (benefit)	'	'	'	'	'	'	'	'	2	-9	5
Net of tax	'	'	'	'	'	'	'	'	20	7	16
Interest rate swaps \| Amount Reclassified	'	'	'	'	'	'	'	'	'	'	'
Reclassifications from accumulated other comprehensive income (loss)	'	'	'	'	'	'	'	'	'	'	'
Interest expense	'	'	'	'	'	'	'	'	2	2	'
Net of tax	'	'	'	'	'	'	'	'	$2	$2	'

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net Sales	$1,998	$2,150	$2,149	$1,876	$1,831	$1,913	$1,945	$1,806	$8,173	$7,495	$7,170
Operating Profit (Loss)	'	'	'	'	'	'	'	'	673	302	-215
Assets	6,933	'	'	'	6,875	'	'	'	6,933	6,875	7,297
Other income (expense), net	'	'	'	'	'	'	'	'	-239	-229	-177
Income (loss) from continuing operations before income taxes	'	'	'	'	'	'	'	'	434	73	-392
Assets held for sale	'	'	'	'	203	'	'	'	'	203	242
Property Additions	'	'	'	'	'	'	'	'	124	117	139
Depreciation and Amortization	'	'	'	'	'	'	'	'	184	203	245
North America	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net Sales	'	'	'	'	'	'	'	'	6,634	6,046	5,669
International, principally Europe	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net Sales	'	'	'	'	'	'	'	'	1,539	1,449	1,501
Cabinets and Related Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net Sales	'	'	'	'	'	'	'	'	1,014	939	934
Plumbing Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net Sales	'	'	'	'	'	'	'	'	3,183	2,955	2,913
Installation and Other Services	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net Sales	'	'	'	'	'	'	'	'	1,412	1,209	1,077
Decorative Architectural Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net Sales	'	'	'	'	'	'	'	'	1,927	1,818	1,670
Other Specialty Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net Sales	'	'	'	'	'	'	'	'	637	574	576
Operating Segments	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Operating Profit (Loss)	'	'	'	'	'	'	'	'	807	497	-88
Assets	5,669	'	'	'	5,659	'	'	'	5,669	5,659	5,716
Property Additions	'	'	'	'	'	'	'	'	120	115	133
Depreciation and Amortization	'	'	'	'	'	'	'	'	173	192	229
Operating Segments \| Cabinets and Related Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Operating Profit (Loss)	'	'	'	'	'	'	'	'	-10	-89	-126
Assets	659	'	'	'	700	'	'	'	659	700	792
Property Additions	'	'	'	'	'	'	'	'	9	15	14
Depreciation and Amortization	'	'	'	'	'	'	'	'	42	57	66
Operating Segments \| Plumbing Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Operating Profit (Loss)	'	'	'	'	'	'	'	'	394	307	322
Assets	2,040	'	'	'	2,012	'	'	'	2,040	2,012	1,959
Property Additions	'	'	'	'	'	'	'	'	71	67	85
Depreciation and Amortization	'	'	'	'	'	'	'	'	65	69	68
Operating Segments \| Installation and Other Services	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Operating Profit (Loss)	'	'	'	'	'	'	'	'	37	-19	-79
Assets	1,465	'	'	'	1,444	'	'	'	1,465	1,444	1,427
Property Additions	'	'	'	'	'	'	'	'	14	11	9
Depreciation and Amortization	'	'	'	'	'	'	'	'	27	30	32
Operating Segments \| Decorative Architectural Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Operating Profit (Loss)	'	'	'	'	'	'	'	'	351	329	196
Assets	812	'	'	'	799	'	'	'	812	799	770
Property Additions	'	'	'	'	'	'	'	'	16	11	8
Depreciation and Amortization	'	'	'	'	'	'	'	'	17	15	15
Operating Segments \| Other Specialty Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Operating Profit (Loss)	'	'	'	'	'	'	'	'	35	-31	-401
Assets	693	'	'	'	704	'	'	'	693	704	768
Property Additions	'	'	'	'	'	'	'	'	10	11	17
Depreciation and Amortization	'	'	'	'	'	'	'	'	22	21	48
Corporate	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Assets	1,264	'	'	'	1,013	'	'	'	1,264	1,013	1,339
General corporate expense, net	'	'	'	'	'	'	'	'	-134	-126	-118
Property Additions	'	'	'	'	'	'	'	'	4	2	6
Depreciation and Amortization	'	'	'	'	'	'	'	'	11	11	16
Segment Reconciling Items	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Charge for litigation settlements, net	'	'	'	'	'	'	'	'	'	-77	-9
Gain from sales of fixed assets, net	'	'	'	'	'	'	'	'	'	8	'
Geographic Areas	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Operating Profit (Loss)	'	'	'	'	'	'	'	'	807	497	-88
Assets	5,669	'	'	'	5,659	'	'	'	5,669	5,659	5,716
Geographic Areas \| North America	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Operating Profit (Loss)	'	'	'	'	'	'	'	'	649	360	-259
Assets	4,295	'	'	'	4,363	'	'	'	4,295	4,363	4,441
Geographic Areas \| International, principally Europe	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Operating Profit (Loss)	'	'	'	'	'	'	'	'	158	137	171
Assets	$1,374	'	'	'	$1,296	'	'	'	$1,374	$1,296	$1,275

SEGMENT_INFORMATION_Details_2

SEGMENT INFORMATION (Details 2) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Export sales from U.S. included in net sales	'	'	'	'	'	'	'	'	$227	$229	$241
Intra-company sales between segments in percentage	'	'	'	'	'	'	'	'	2.00%	2.00%	2.00%
Net sales	1,998	2,150	2,149	1,876	1,831	1,913	1,945	1,806	8,173	7,495	7,170
Impairment charges for goodwill and other intangible assets	'	'	'	'	'	'	'	'	'	42	450
Impairment charges for other intangible assets	'	'	'	'	42	'	'	'	'	'	'
US	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Long-lived assets	2,685	'	'	'	2,792	'	'	'	2,685	2,792	2,962
Europe	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Long-lived assets	481	'	'	'	467	'	'	'	481	467	455
Plumbing Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	3,183	2,955	2,913
Impairment charges for goodwill and other intangible assets	'	'	'	'	'	'	'	'	'	'	1
Decorative Architectural Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	1,927	1,818	1,670
Impairment charges for goodwill and other intangible assets	'	'	'	'	'	'	'	'	'	'	75
Other Specialty Products	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	637	574	576
Impairment charges for goodwill and other intangible assets	'	'	'	'	'	'	'	'	'	'	374
Impairment charges for other intangible assets	'	'	'	'	'	'	'	'	'	42	'
Sales \| US	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	6,359	5,793	5,394
Sales \| Customer concentration risk \| One customer \| Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products segments	'	'	'	'	'	'	'	'	'	'	'
Segment Information	'	'	'	'	'	'	'	'	'	'	'
Number of major customers	'	'	'	'	'	'	'	'	1	1	1
Net sales	'	'	'	'	'	'	'	'	$2,280	$2,143	$1,984

SEVERANCE_COSTS_Details

SEVERANCE COSTS (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
SEVERANCE COSTS	'	'	'
Severance and early retirement program costs	$20	$35	$15

OTHER_INCOME_EXPENSE_NET_Detai

OTHER INCOME (EXPENSE), NET (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
OTHER INCOME (EXPENSE), NET	'	'	'
Income from cash and cash investments	$3	$6	$8
Other interest income	2	1	1
Income from financial investments, net	11	22	73
Other items, net	-20	-4	-5
Total other, net	-4	25	77
Currency translation expense related to sale of the ready-to-assemble cabinet business	18	'	'
Currency losses included in other items, net	$18	$2	$5

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income (loss) from continuing operations before income taxes:	'	'	'
U.S.	$279	($84)	($575)
Foreign	155	157	183
Income (loss) from continuing operations before income taxes	434	73	-392
Currently payable:	'	'	'
U.S. Federal	3	'	'
State and local	4	-2	-1
Foreign	58	51	63
Deferred:	'	'	'
U.S. Federal	41	31	-103
State and local	7	7	'
Foreign	-2	4	1
Income tax (benefit) expense	111	91	-40
Deferred tax assets at December 31:	'	'	'
Receivables	12	14	'
Inventories	23	24	'
Other assets, principally stock-based compensation	103	118	'
Accrued liabilities	157	156	'
Long-term liabilities	195	253	'
Net operating loss carryforward	317	400	'
Tax credit carryforward	38	25	'
Total	845	990	'
Valuation allowance	-670	-787	'
Total	175	203	'
Deferred tax liabilities at December 31:	'	'	'
Property and equipment	148	180	'
Intangibles	342	286	'
Investment in foreign subsidiaries	5	8	'
Other	4	9	'
Total	499	483	'
Net deferred tax liability at December 31	$324	$280	'

INCOME_TAXES_Details_2

INCOME TAXES (Details 2) (USD $)

12 Months Ended

3 Months Ended

12 Months Ended

In Millions, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Federal

State and local

Prepaid expenses and other

Deferred income taxes and other

Forecast

Income taxes

Net short-term deferred tax assets included in prepaid expense and other

$73

$41

Net long-term deferred tax liability included in deferred income taxes and other

397

321

Tax benefit, reversal of accrual for uncertain tax positions, expiration of statutes of limitations and settlements on audits

Non-cash charge to deferred income tax expense due to change in deferred tax assets valuation allowance

Period of cumulative loss position

'3 years

Increase in valuation allowance

372

Reversal of valuation allowance

550

Deferred tax assets, with no valuation allowance

175

203

175

203

Deferred tax assets related to net operating loss and tax credit carryforwards expiring between 2020 and 2032 for 2012 and between 2020 and 2033 for 2013

345

411

Deferred tax assets related to net operating loss and tax credit carryforwards with unlimited expiration period

Deferred tax asset not recognized, share based compensation

Deferred tax liabilities on the undistributed earnings of certain foreign subsidiaries

Income taxes paid

$77

$57

$43

INCOME_TAXES_Details_3

INCOME TAXES (Details 3)	12 Months Ended
INCOME TAXES (Details 3)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
INCOME TAXES	'	'	'
U.S. Federal statutory tax rate-expense (benefit) (as a percent)	35.00%	35.00%	-35.00%
State and local taxes, net of U.S. Federal tax benefit (as a percent)	2.00%	4.00%	'
Lower taxes on foreign earnings (as a percent)	'	-9.00%	'
U.S. and foreign taxes on distributed and undistributed foreign earnings (as a percent)	'	1.00%	'
Goodwill and other intangible assets impairment charges providing no tax benefit (as a percent)	'	2.00%	3.00%
U.S. Federal valuation allowance (as a percent)	-11.00%	89.00%	24.00%
Other, net (as a percent)	'	3.00%	-2.00%
Effective tax rate - expense (benefit) (as a percent)	26.00%	125.00%	-10.00%

INCOME_TAXES_Details_4

INCOME TAXES (Details 4) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties	'	'
Balance at the beginning of the period	$68	$81
Current year tax positions: Additions	9	6
Prior year tax positions: Additions	1	'
Prior year tax positions: Reductions	-2	-4
Settlements with tax authorities	-1	'
Lapse of applicable statute of limitations	-12	-12
Interest and penalties recognized in income tax expense	-4	-3
Balance at the end of the period	59	68
Unrecognized tax benefits that would impact effective tax rate if recognized	31	34
Reasonably possible reduction in the liability for uncertain tax positions	1	'
Deferred income taxes and other	'	'
Reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties	'	'
Balance at the end of the period	65	74
Accrued liabilities	'	'
Reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties	'	'
Balance at the end of the period	0	1
Other assets	'	'
Reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties	'	'
Balance at the end of the period	6	7
Uncertain Tax Positions	'	'
Reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties	'	'
Balance at the beginning of the period	51	61
Current year tax positions: Additions	9	6
Prior year tax positions: Additions	1	'
Prior year tax positions: Reductions	-2	-4
Settlements with tax authorities	-1	'
Lapse of applicable statute of limitations	-12	-12
Balance at the end of the period	46	51
Interest and Penalties	'	'
Reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties	'	'
Balance at the beginning of the period	17	20
Interest and penalties recognized in income tax expense	-4	-3
Balance at the end of the period	$13	$17

EARNINGS_PER_COMMON_SHARE_Deta

EARNINGS PER COMMON SHARE (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Numerator (basic and diluted):	'	'	'	'	'	'	'	'	'	'	'
Income (loss) from continuing operations	$39	$105	$82	$56	($70)	$26	($51)	$42	$282	($53)	($394)
Less: Allocation to unvested restricted stock awards	'	'	'	'	'	'	'	'	-6	-2	-3
Income (loss) from continuing operations attributable to common shareholders	'	'	'	'	'	'	'	'	276	-55	-397
Loss from discontinued operations, net	'	'	'	'	'	'	'	'	-10	-61	-181
Loss from discontinued operations attributable to common shareholders	'	'	'	'	'	'	'	'	-10	-61	-181
Net income (loss) available to common shareholders	'	'	'	'	'	'	'	'	$266	($116)	($578)
Denominator:	'	'	'	'	'	'	'	'	'	'	'
Basic common shares (based upon weighted average) (in shares)	'	'	'	'	'	'	'	'	350	349	348
Add:	'	'	'	'	'	'	'	'	'	'	'
Stock option dilution (in shares)	'	'	'	'	'	'	'	'	2	'	'
Diluted common shares (in shares)	'	'	'	'	'	'	'	'	352	349	348

EARNINGS_PER_COMMON_SHARE_Deta1

EARNINGS PER COMMON SHARE (Details 2)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock options	'	'	'
Antidilutive securities excluded from computation of earnings per share	'	'	'
Antidilutive effect on computation of diluted earnings per common share (in shares)	12	30	36
Unvested stock awards	'	'	'
Antidilutive securities excluded from computation of earnings per share	'	'	'
Antidilutive effect on computation of diluted earnings per common share (in shares)	8	8	'

OTHER_COMMITMENTS_AND_CONTINGE2

OTHER COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2012
In Millions, unless otherwise specified	Private equity funds, capital calls	Other Specialty Products
	Maximum
Other Commitments and Contingencies	'	'
Increase in expected future warranty claims	'	$12
Company's obligation to make capital additional contributions	$14	'

OTHER_COMMITMENTS_AND_CONTINGE3

OTHER COMMITMENTS AND CONTINGENCIES (Details 2) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Changes in the company's warranty liability	'	'
Balance at the beginning of the period	$118	$102
Accruals for warranties issued during the year	42	42
Accruals related to pre-existing warranties	6	16
Settlements made (in cash or kind) during the year	-42	-38
Other, net (including currency translation)	'	-4
Balance at the end of the period	$124	$118

INTERIM_FINANCIAL_INFORMATION_2

INTERIM FINANCIAL INFORMATION (UNAUDITED) (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, except Per Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
INTERIM FINANCIAL INFORMATION (UNAUDITED)	'	'	'	'	'	'	'	'	'	'	'
Net sales	$1,998	$2,150	$2,149	$1,876	$1,831	$1,913	$1,945	$1,806	$8,173	$7,495	$7,170
Gross profit	531	607	609	508	451	500	521	484	2,255	1,956	1,787
(Loss) income from continuing operations	39	105	82	56	-70	26	-51	42	282	-53	-394
Net (loss) income	$45	$103	$77	$47	($87)	$15	($75)	$33	$272	($114)	($575)
Basic:	'	'	'	'	'	'	'	'	'	'	'
(Loss) income from continuing operations (in dollars per share)	$0.11	$0.29	$0.23	$0.16	($0.20)	$0.07	($0.15)	$0.12	$0.79	($0.16)	($1.14)
Net (loss) income (in dollars per share)	$0.13	$0.29	$0.22	$0.13	($0.25)	$0.04	($0.22)	$0.09	$0.76	($0.33)	($1.66)
Diluted:	'	'	'	'	'	'	'	'	'	'	'
(Loss) income from continuing operations (in dollars per share)	$0.11	$0.29	$0.23	$0.16	($0.20)	$0.07	($0.15)	$0.12	$0.78	($0.16)	($1.14)
Net (loss) income (in dollars per share)	$0.12	$0.29	$0.21	$0.13	($0.25)	$0.04	($0.22)	$0.09	$0.76	($0.33)	($1.66)

INTERIM_FINANCIAL_INFORMATION_3

INTERIM FINANCIAL INFORMATION (UNAUDITED) (Details 2) (USD $)	3 Months Ended							12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2011
INTERIM FINANCIAL INFORMATION (UNAUDITED)	'	'	'	'	'	'	'	'	'
Non cash impairment charges for other intangible assets, after tax	'	'	'	$27	'	'	'	'	'
Non cash impairment charges for other intangible assets, pre-tax	'	'	'	42	'	'	'	'	'
Gains from financial investments, after tax	2	3	2	3	1	'	10	'	'
Gains from financial investments, pre-tax	3	5	3	4	2	'	16	'	'
After-tax charge (income) from litigation settlements	'	'	'	2	'	75	-1	'	'
Income from litigation settlements, before tax	'	'	'	$3	$1	$75	($2)	$77	$9

VALUATION_AND_QUALIFYING_ACCOU1

VALUATION AND QUALIFYING ACCOUNTS (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Allowances for doubtful accounts, deducted from accounts receivable	'	'	'
Movement in valuation and qualifying accounts	'	'	'
Balance at Beginning of Period	$31	$29	$34
Additions, Charged to Costs and Expenses	8	13	12
Deductions	-12	-11	-17
Balance at End of Period	27	31	29
Valuation Allowance on deferred tax assets	'	'	'
Movement in valuation and qualifying accounts	'	'	'
Balance at Beginning of Period	787	688	462
Additions, Charged to Costs and Expenses	-30	113	178
Additions, Charged to Other Accounts	-87	-14	48
Balance at End of Period	$670	$787	$688