Masco (MAS) 10-Q 28 Oct 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 21, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'MASCO CORP /DE/	'
Entity Central Index Key	'0000062996	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	356,260,200
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Current assets:	'	'
Cash and cash investments	$1,282	$1,223
Short-term bank deposits	275	321
Receivables	1,229	1,004
Prepaid expenses and other	353	155
Inventories:	'	'
Finished goods	459	398
Raw material	289	268
Work in process	114	99
Total	862	765
Total current assets	4,001	3,468
Property and equipment, net	1,153	1,252
Goodwill	1,891	1,903
Other intangible assets, net	147	149
Other assets	181	185
Total assets	7,373	6,957
Current liabilities:	'	'
Notes payable	505	6
Accounts payable	1,020	902
Accrued liabilities	890	874
Total current liabilities	2,415	1,782
Long-term debt	2,919	3,421
Deferred income taxes and other	681	967
Total liabilities	6,015	6,170
Commitments and contingencies	'	'
Masco Corporation's shareholders' equity:	'	'
Common shares, par value $1 per share Authorized shares: 1,400,000,000; issued and outstanding: 2014 - 349,900,000; 2013 - 349,500,000	350	349
Preferred shares authorized: 1,000,000; issued and outstanding: 2014 - None; 2013 - None	'	'
Paid-in capital	17	16
Retained earnings	716	79
Accumulated other comprehensive income	64	115
Total Masco Corporation's shareholders' equity	1,147	559
Noncontrolling interest	211	228
Total equity	1,358	787
Total liabilities and equity	$7,373	$6,957

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'
Common share, par value (in dollars per share)	$1	$1
Common shares, shares authorized	1,400,000,000	1,400,000,000
Common shares, shares issued	349,900,000	349,500,000
Common shares, shares outstanding	349,900,000	349,500,000
Preferred shares, shares authorized	1,000,000	1,000,000
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS	'	'	'	'
Net sales	$2,232	$2,150	$6,457	$6,175
Cost of sales	1,621	1,543	4,638	4,451
Gross profit	611	607	1,819	1,724
Selling, general and administrative expenses	409	395	1,225	1,192
Operating profit	202	212	594	532
Other income (expense), net:	'	'	'	'
Interest expense	-57	-58	-169	-178
Other, net	7	6	10	23
Total other income (expense), net	-50	-52	-159	-155
Income from continuing operations before income taxes	152	160	435	377
Income tax benefit (expense)	403	-38	361	-91
Income from continuing operations	555	122	796	286
Income (loss) from discontinued operations	1	-2	-2	-16
Net income	556	120	794	270
Less: Net income attributable to noncontrolling interest	13	11	38	30
Net income attributable to Masco Corporation	543	109	756	240
Basic:	'	'	'	'
Income from continuing operations (in dollars per share)	$1.52	$0.31	$2.12	$0.72
Loss from discontinued operations (in dollars per share)	'	($0.01)	($0.01)	($0.04)
Net income (in dollars per share)	$1.52	$0.31	$2.12	$0.67
Diluted:	'	'	'	'
Income from continuing operations (in dollars per share)	$1.51	$0.31	$2.11	$0.71
Loss from discontinued operations (in dollars per share)	'	($0.01)	($0.01)	($0.04)
Net income (in dollars per share)	$1.51	$0.30	$2.10	$0.67
Amounts attributable to Masco Corporation:	'	'	'	'
Income from continuing operations	542	111	758	256
Income (loss) from discontinued operations	1	-2	-2	-16
Net income attributable to Masco Corporation	$543	$109	$756	$240

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'	'
Net income	$556	$120	$794	$270
Less: Net income attributable to noncontrolling interest	13	11	38	30
Net income attributable to Masco Corporation	543	109	756	240
Other comprehensive income, net of tax (see Note K):	'	'	'	'
Cumulative translation adjustment	-73	37	-79	11
Interest rate swaps	'	'	1	1
Unrecognized pension prior service cost and net loss	'	5	6	14
Other comprehensive (loss) income	-73	42	-72	26
Less: Other comprehensive (loss) income attributable to noncontrolling interest	-18	8	-21	4
Other comprehensive (loss) income attributable to Masco Corporation	-55	34	-51	22
Total comprehensive income	483	162	722	296
Less: Total comprehensive (loss) income attributable to the noncontrolling interest	-5	19	17	34
Total comprehensive income attributable to Masco Corporation	$488	$143	$705	$262

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES:	'	'
Cash provided by operations	$543	$489
Increase in receivables	-257	-302
Increase in inventories	-109	-40
Increase in accounts payable and accrued liabilities, net	129	203
Net cash from operating activities	306	350
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES:	'	'
Cash dividends paid	-86	-81
Dividend payment to noncontrolling interest	-34	-34
Purchase of Company common stock	-39	-35
Credit Agreement costs	'	-4
Issuance of Company common stock	1	'
Retirement of Notes	'	-200
Payment of debt, net	-2	-2
Net cash for financing activities	-160	-356
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES:	'	'
Capital expenditures	-82	-88
Acquisition of companies, net of cash acquired	-2	-5
Proceeds from disposition of:	'	'
Other financial investments	13	13
Short-term bank deposits	322	309
Property and equipment	12	24
Purchases of:	'	'
Short-term bank deposits	-297	-269
Other, net	-26	-5
Net cash for investing activities	-60	-21
Effect of exchange rate changes on cash and cash investments	-27	-2
CASH AND CASH INVESTMENTS:	'	'
Increase (decrease) for the period	59	-29
At January 1	1,223	1,040
At September 30	$1,282	$1,011

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)	Common Shares ($1 par value)	Paid-In Capital	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive Income	Noncontrolling Interest	Total
In Millions, unless otherwise specified
Balance at Dec. 31, 2012	$349	$16	($102)	$59	$212	$534
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Total comprehensive income	'	'	240	22	34	296
Shares issued	3	-3	'	'	'	'
Shares retired:	'	'	'	'	'	'
Repurchased	-2	-11	-22	'	'	-35
Surrendered (non-cash)	-1	-19	'	'	'	-20
Cash dividends declared	'	-14	-67	'	'	-81
Dividend payment to noncontrolling interest	'	'	'	'	-34	-34
Stock-based compensation	'	39	'	'	'	39
Balance at Sep. 30, 2013	349	8	49	81	212	699
Balance at Dec. 31, 2013	349	16	79	115	228	787
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Total comprehensive income	'	'	756	-51	17	722
Shares issued	3	-8	'	'	'	-5
Shares retired:	'	'	'	'	'	'
Repurchased	-2	-9	-28	'	'	-39
Surrendered (non-cash)	'	-15	'	'	'	-15
Cash dividends declared	'	'	-91	'	'	-91
Dividend payment to noncontrolling interest	'	'	'	'	-34	-34
Stock-based compensation	'	33	'	'	'	33
Balance at Sep. 30, 2014	$350	$17	$716	$64	$211	$1,358

Accounting_Policies

Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies	'
Accounting Policies	'
	A.       In the opinion of the Company, the accompanying unaudited condensed consolidated financial statements contain all adjustments, of a normal recurring nature, necessary to present fairly its financial position as at September 30, 2014 and the results of operations for the three months and nine months ended September 30, 2014 and 2013 and cash flows for the nine months ended September 30, 2014 and 2013.  The condensed consolidated balance sheet at December 31, 2013 was derived from audited financial statements.
	Recently Issued Accounting Pronouncements.  In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard for revenue recognition, Accounting Standards Codification 606 (ASC 606).  The purpose of ASC 606 is to provide a single, comprehensive revenue recognition model for all contracts with customers to improve comparability across industries. ASC 606 is effective for the Company for annual periods beginning January 1, 2017.  The Company is currently evaluating the impact the adoption of this new standard will have on its results of operations.
	In April 2014, the FASB issued Accounting Standards Update 2014-8 (ASU 2014-8), “Reporting of Discontinued Operations and Disclosure of Disposals of Components of an Entity,” which changes the criteria for determining which disposals can be presented as discontinued operations and modifies the related disclosure requirements.  ASU 2014-8 is effective for the Company beginning January 1, 2015, with early adoption allowed for new disposals not previously classified as discontinued operations.
	Revision of Previously Issued Financial Statements.  During the first quarter ended March 31, 2014, the Company identified an error in the accounting for certain of its investments in private equity limited partnership funds.  The investments were inappropriately accounted for under the cost basis versus the equity method.  The impact of the error was to under report the investment value (included in other assets on the consolidated balance sheets) and to over (under) state equity investment earnings (loss) (included in other income (expense), net in the consolidated statements of operations).  We have revised our three-month and nine-month periods ended September 30, 2013 consolidated statement of operations and prior year consolidated balance sheet in these financial statements to reflect the investment accounted for as an equity investment.  Retained earnings and other comprehensive income were adjusted for the changes in net income.  Other historic periods will be revised, as detailed below, in our future filings. This error is not considered material to any prior period financial statement.
	This revision has no effect on our consolidated statement of cash flows.
	The following table presents the impact of the revisions on the Company’s previously issued full-year consolidated statement of operations (in millions):
		Year ended December 31,
		2013			2012			2011
	Other income (expense), net
	As reported	$	(239	)	$	(229	)	$	(177	)
	Correction	16			—			9
	As revised	$	(223	)	$	(229	)	$	(168	)
	Income (loss) from continuing operations, before income taxes
	As reported	$	434		$	73		$	(392	)
	Correction	16			—			9
	As revised	$	450		$	73		$	(383	)
	Income (loss) from continuing operations
	As reported	$	323		$	(18	)	$	(352	)
	Correction	16			—			9
	As revised	$	339		$	(18	)	$	(343	)
	Net income (loss)
	As reported	$	313		$	(79	)	$	(533	)
	Correction	16			—			9
	As revised	$	329		$	(79	)	$	(524	)
	The following table presents the impact of the revisions on the Company’s previously issued quarterly consolidated statements of operations (in millions):
		Three Months Ended												Three Months Ended
		Dec. 31			Sep. 30			June 30			Mar. 31			Dec. 31			Sep. 30			June 30			Mar. 31
		2013												2012
	Other income (expense), net
	As reported	$	(71	)	$	(58	)	$	(57	)	$	(53	)	$	(57	)	$	(57	)	$	(66	)	$	(49	)
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	(68	)	$	(52	)	$	(56	)	$	(47	)	$	(53	)	$	(50	)	$	(68	)	$	(58	)
	Income (loss) from continuing operations, before income taxes
	As reported	$	70		$	154		$	131		$	79		$	(26	)	$	51		$	(12	)	$	60
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	73		$	160		$	132		$	85		$	(22	)	$	58		$	(14	)	$	51
	Income (loss) from continuing operations
	As reported	$	50		$	116		$	92		$	65		$	(63	)	$	35		$	(43	)	$	53
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	53		$	122		$	93		$	71		$	(59	)	$	42		$	(45	)	$	44
	Net income (loss)
	As reported	$	56		$	114		$	87		$	56		$	(80	)	$	24		$	(67	)	$	44
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	59		$	120		$	88		$	62		$	(76	)	$	31		$	(69	)	$	35
	The following table presents the impact of the revisions on the Company’s previously issued consolidated balance sheets (in millions):
		As of
		Dec. 31			Sep. 30			June 30			Mar. 31			As of
		2013												Dec. 31, 2012
	Other assets
	As reported	$	161		$	166		$	173		$	182		$	184
	Correction	24			21			15			14			8
	As revised	$	185		$	187		$	188		$	196		$	192
	Total assets
	As reported	$	6,933		$	7,059		$	7,062		$	6,779		$	6,875
	Correction	24			21			15			14			8
	As revised	$	6,957		$	7,080		$	7,077		$	6,793		$	6,883

Discontinued_Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2014
Discontinued Operations	'
Discontinued Operations	'
	B.        In the first quarter of 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.  The disposition of Tvilum was completed in the fourth quarter of 2013.  The Company has accounted for this business as a discontinued operation.
	Selected financial information for the discontinued operations, during the period owned by the Company, was as follows, in millions:
		Three Months Ended			Nine Months Ended
		September 30, 2013			September 30, 2013
	Net Sales	$	75		$	194
	Operating loss from discontinued operations	$	—		$	(8	)
	Impairment of assets	—			(10		)
	Loss on disposal of discontinued operations, net	(2		)	(2		)
	Loss before income tax	(2		)	(20		)
	Income tax benefit	—			(4		)
	Loss from discontinued operations, net	$	(2	)	$	(16	)
	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 deferred gains reported in Accumulated Other Comprehensive Income, the Company recorded an impairment of $10 million in the first quarter of 2013.

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2014
Goodwill and Other Intangible Assets	'
Goodwill and Other Intangible Assets	'
	C.        The changes in the carrying amount of goodwill for the nine months ended September 30, 2014, by segment, were as follows, in millions:
			Gross Goodwill		Accumulated			Net Goodwill
			At		Impairment			At
			Sep. 30, 2014		Losses			Sep. 30, 2014
	Cabinets and Related Products		$	240	$	(59	)	$	181
	Plumbing Products		538		(340		)	198
	Installation and Other Services		1,806		(762		)	1,044
	Decorative Architectural Products		294		(75		)	219
	Other Specialty Products		983		(734		)	249
	Total		$	3,861	$	(1,970	)	$	1,891
			Gross Goodwill		Accumulated			Net Goodwill					Net Goodwill
			At		Impairment			At					At
			Dec. 31, 2013		Losses			Dec. 31, 2013		Other(A)			Sep. 30, 2014
	Cabinets and Related Products		$	240	$	(59	)	$	181	$	—		$	181
	Plumbing Products		550		(340		)	210		(12		)	198
	Installation and Other Services		1,806		(762		)	1,044		—			1,044
	Decorative Architectural Products		294		(75		)	219		—			219
	Other Specialty Products		983		(734		)	249		—			249
	Total		$	3,873	$	(1,970	)	$	1,903	$	(12	)	$	1,891
		(A)		Other principally includes the effect of foreign currency translation.
	Other indefinite-lived intangible assets were $132 million and $133 million at September 30, 2014 and December 31, 2013, respectively, and principally included registered trademarks. The carrying value of the Company’s definite-lived intangible assets was $15 million (net of accumulated amortization of $65 million) at September 30, 2014 and $16 million (net of accumulated amortization of $62 million) at December 31, 2013, and principally included customer relationships and non-compete agreements.

Depreciation_and_Amortization_

Depreciation and Amortization Expense	9 Months Ended
	Sep. 30, 2014
Depreciation and Amortization Expense	'
Depreciation and Amortization Expense	'
	D.                        Depreciation and amortization expense, including discontinued operations, was $125 million and $143 million, including accelerated depreciation (relating to business rationalization initiatives) of $1 million and $12 million for the nine months ended September 30, 2014 and 2013, respectively.
	As a result of business rationalization initiatives, at September 30, 2014, the Company decided to sell two facilities within its Cabinets and Related Products segment.  At September 30, 2014, the net book value of those facilities was approximately $10 million, included in property and equipment, net in the condensed consolidated balance sheet as of September 30, 2014.  In the third quarter of 2014, the Company recorded a charge of $28 million, included in cost of goods sold in the condensed consolidated statement of operations, to reflect the estimated fair value of those facilities.  Fair value was estimated using a market approach (Level 3 input), considering the estimated fair values for other comparable facilities in the areas where the facilities are located.

Fair_Value_of_Financial_Invest

Fair Value of Financial Investments and Liabilities	9 Months Ended
	Sep. 30, 2014
Fair Value of Financial Investments and Liabilities	'
Fair Value of Financial Investments and Liabilities	'
	E.        The Company has maintained investments in available-for-sale securities and a number of private equity funds, 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:
		September 30,		December 31,
		2014		2013
	Equity method investments	$	61	$	70
	Total equity method investments	61		70
	Auction rate securities	22		22
	Total recurring investments	22		22
	Private equity funds	15		18
	Other investments	4		3
	Total non-recurring investments	19		21
	Total	$	102	$	113
	The Company did not have any transfers between Level 1 and Level 2 financial assets in the three months or nine months ended September 30, 2014 or 2013.
	Equity Method Investments.  Investments in private equity fund partnerships, joint ventures and less than majority-owned subsidiaries in which we have significant influence are accounted for under the equity method.  Our consolidated statements of operations include the Company’s proportionate share of the net income or (loss) of our equity method investees.  When we record our proportionate share of net income (loss), it increases (decreases) our equity income in our consolidated statement of operations and our carrying value of that investment on our consolidated balance sheet.
	Recurring Fair Value Measurements.  The fair value 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 the assumptions for credit defaults, since the auction rate securities are backed by credit default swap agreements.
	The Company’s investments in auction rate 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 September 30, 2014 and December 31, 2013.
	Non-Recurring Fair Value Measurements.  During the three months and nine months ended September 30, 2014 and 2013, the Company did not measure any financial investments at fair value on a non-recurring basis, as there was no other-than-temporary decline in the estimated value of private equity funds.
	Realized Gains (Losses) and Impairment Charges.  Income (loss) from financial investments, net, included in other, net, within other income (expense), net, was as follows, in millions:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014			2013
	Realized gains from private equity funds	$	—	$	—	$	4		$	7
	Equity investment (loss) income, net	—		6		(2		)	13
	Income from other investments, net	—		—		—			1
	Total income from financial investments	$	—	$	6	$	2		$	21
	Fair Value of Debt.  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 September 30, 2014 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, 2013 was approximately $3.7 billion, compared with the aggregate carrying value of $3.4 billion.

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities	'
Derivative Instruments and Hedging Activities	'
	F.        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 metals 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.
	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 the year, the Company, including certain European operations, enters 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 condensed 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.  The Company has entered into several contracts to manage its exposure to increases in the price of copper and zinc.  (Losses) gains related to these contracts are recorded in the Company’s condensed consolidated statements of operations in cost of sales.
	The pre-tax (losses) gains included in the Company’s condensed consolidated statements of operations is as follows, in millions:
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2014		2013			2014		2013
	Foreign Currency Contracts
	Exchange Contracts	$	5	$	(4	)	$	2	$	3
	Forward Contracts	1		(1		)	—		1
	Metal Contracts	—		3			—		(6		)
	Total gain (loss)	$	6	$	(2	)	$	2	$	(2	)
	The Company presents its derivatives, net by counterparty due to the right of offset under master netting arrangements in current assets or current liabilities in the condensed consolidated balance sheet.  The notional amounts being hedged and the fair value of those derivative instruments, on a gross basis, are as follows, in millions:
		At September 30, 2014
		Notional
		Amount		Assets			Liabilities
	Foreign Currency Contracts
	Exchange Contracts	$	76
	Current assets			$	4		$	—
	Forward Contracts
	Current assets	64		1			—
	Metals Contracts
	Current assets	61		2			2
	Total			$	7		$	2
		At December 31, 2013
		Notional
		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
	The fair value of all metals and foreign currency derivative contracts is estimated on a recurring basis, using Level 2 inputs (significant other observable inputs).

Warranty

Warranty	9 Months Ended
	Sep. 30, 2014
Warranty	'
Warranty	'
	G.       Changes in the Company’s warranty liability were as follows, in millions:
		Nine Months Ended			Twelve Months Ended
		September 30, 2014			December 31, 2013
	Balance at January 1	$	124		$	118
	Accruals for warranties issued during the period	36			42
	Accruals related to pre-existing warranties	6			6
	Settlements made (in cash or kind) during the period	(35		)	(42		)
	Other, net	(3		)	—
	Balance at end of period	$	128		$	124

Debt

Debt	9 Months Ended
	Sep. 30, 2014
Debt	'
Debt	'
	H.        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.
	Based on the limitations of the debt to total capitalization ratio covenant in the Credit Agreement, at September 30, 2014, the Company had additional borrowing capacity, subject to availability, of up to $1.2 billion.  Additionally, at September 30, 2014, the Company could absorb a reduction to shareholders’ equity of approximately $859 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 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).  The Company was in compliance with all covenants and no borrowings have been made at September 30, 2014.

StockBased_Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2014
Stock-Based Compensation	'
Stock-Based Compensation	'
	I.The Company’s 2014 Long Term Stock Incentive Plan (and the prior plan that it replaced) provides for the issuance of stock-based incentives in various forms to employees and non-employee Directors of the Company.  At September 30, 2014, 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:
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2014			2013			2014		2013
	Long-term stock awards		$	7		$	7		$	30	$	27
	Stock options		1			2			3		12
	Phantom stock awards and stock appreciation rights		3			3			4		6
	Total		$	11		$	12		$	37	$	45
	Income tax benefit (37 percent tax rate - before valuation allowance)		$	4		$	5		$	14	$	17
	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 1,680,220 shares of long-term stock awards in the nine months ended September 30, 2014.
	The Company’s long-term stock award activity was as follows, shares in millions:
			Nine Months Ended
			September 30,
			2014			2013
	Unvested stock award shares at January 1		8			8
	Weighted average grant date fair value		$	17		$	16
	Stock award shares granted		1			2
	Weighted average grant date fair value		$	22		$	20
	Stock award shares vested		2			2
	Weighted average grant date fair value		$	17		$	17
	Stock award shares forfeited		1			—
	Weighted average grant date fair value		$	16		$	17
	Unvested stock award shares at September 30		6			8
	Weighted average grant date fair value		$	18		$	17
	At September 30, 2014 and 2013, there was $68 million and $76 million of total unrecognized compensation expense related to unvested stock awards; such awards had a weighted average remaining vesting period of three years in both 2014 and 2013.
	The total market value (at the vesting date) of stock award shares which vested during the nine months ended September 30, 2014 and 2013 was $50 million and $38 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.
	The Company granted 332,750 of stock option shares in the nine months ended September 30, 2014 with a grant date exercise price approximating $22 per share. In the first nine months of 2014, 3,640,670 stock option shares were forfeited (including options that expired unexercised).
	The Company’s stock option activity was as follows, shares in millions:
			Nine Months Ended
			September 30,
			2014			2013
	Option shares outstanding, January 1		24			30
	Weighted average exercise price		$	22		$	21
	Option shares granted, including restoration options		—			1
	Weighted average exercise price		$	22		$	20
	Option shares exercised		2			3
	Aggregate intrinsic value on date of exercise (A)		$	17 million		$	22 million
	Weighted average exercise price		$	16		$	12
	Option shares forfeited		3			1
	Weighted average exercise price		$	28		$	23
	Option shares outstanding, September 30		19			27
	Weighted average exercise price		$	21		$	22
	Weighted average remaining option term (in years)		4			4
	Option shares vested and expected to vest, September 30		19			27
	Weighted average exercise price		$	21		$	22
	Aggregate intrinsic value (A)		$	102 million		$	91 million
	Weighted average remaining option term (in years)		4			4
	Option shares exercisable (vested), September 30		16			22
	Weighted average exercise price		$	22		$	24
	Aggregate intrinsic value (A)		$	80 million		$	51 million
	Weighted average remaining option term (in years)		3			3
		(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 September 30, 2014 and 2013, there was $7 million and $10 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 at both September 30, 2014 and 2013.
	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:
			Nine Months Ended
			September 30,
			2014			2013
	Weighted average grant date fair value		$	9.53		$	8.35
	Risk-free interest rate		1.91		%	1.22		%
	Dividend yield		1.34		%	1.47		%
	Volatility factor		49.00		%	49.07		%
	Expected option life		6 years			6 years

Employee_Retirement_Plans

Employee Retirement Plans	9 Months Ended
	Sep. 30, 2014
Employee Retirement Plans	'
Employee Retirement Plans	'
	J.Net periodic pension cost for the Company’s defined-benefit pension plans was as follows, in millions:
		Three Months Ended September 30,
		2014					2013
		Qualified			Non-Qualified		Qualified			Non-Qualified
	Service cost	$	1		$	—	$	1		$	—
	Interest cost	12			2		10			2
	Expected return on plan assets	(11		)	—		(10		)	—
	Amortization of net loss	2			1		4			1
	Net periodic pension cost	$	4		$	3	5			3
		Nine Months Ended September 30,
		2014					2013
		Qualified			Non-Qualified		Qualified			Non-Qualified
	Service cost	$	3		$	—	$	3		$	—
	Interest cost	38			6		32			5
	Expected return on plan assets	(35		)	—		(30		)	—
	Amortization of net loss	8			1		12			2
	Net periodic pension cost	$	14		$	7	$	17		$	7
	The Company participates in 21 regional multi-employer pension plans, principally related to building trades; none of the plans are considered significant to the Company.
	Effective January 1, 2010, the Company froze all future benefit accruals under substantially all of the Company’s domestic qualified and non-qualified defined benefit pension plans.  Future benefit accruals related to the Company’s foreign non-qualified plans were frozen several years ago.

Reclassifications_from_Accumul

Reclassifications from Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2014
Reclassifications from Accumulated Other Comprehensive Income (Loss)	'
Reclassifications from Accumulated Other Comprehensive Income (Loss)	'
	K.        The reclassifications from accumulated other comprehensive income to the condensed consolidated statement of operations were as follows, in millions:
		Amount Reclassified
	Accumulated Other	Three Months					Nine Months
	Comprehensive	Ended Sep. 30,					Ended Sep. 30,					Income Statement
	Income (Loss)	2014			2013		2014			2013		Line Item
	Amortization of defined benefit pension:
	Actuarial losses, net	$	3		$	5	$	9		$	14	Selling, General & Administrative Expense
		(3		)	—		(3		)	—		Income tax benefit
	Interest rate swaps	$	—		$	—	$	1		$	1	Interest expense
		—			—		—			—		Income tax benefit
	There was no tax effect for either the amortization of the actuarial losses or the interest rate swaps in 2013 due to the tax valuation allowance.

Segment_Information

Segment Information	9 Months Ended
	Sep. 30, 2014
Segment Information	'
Segment Information	'
	L.Information about the Company by segment and geographic area was as follows, in millions:
			Three Months Ended September 30,										Nine Months Ended September 30,
			2014		2013		2014			2013			2014		2013		2014			2013
			Net Sales(A)				Operating Profit (Loss)						Net Sales(A)				Operating Profit (Loss)
	The Company’s operations by segment were:
	Cabinets and Related Products		$	266	$	262	$	(35	)	$	(2	)	$	756	$	763	$	(55	)	$	(4	)
	Plumbing Products		855		820		141			118			2,504		2,384		399			306
	Installation and Other Services		398		370		20			18			1,117		1,039		33			22
	Decorative Architectural Products		523		522		91			93			1,560		1,519		280			286
	Other Specialty Products		190		176		20			16			520		470		39			26
	Total		$	2,232	$	2,150	$	237		$	243		$	6,457	$	6,175	$	696		$	636
	The Company’s operations by geographic area were:
	North America		$	1,818	$	1,756	$	182		$	193		$	5,217	$	5,031	$	527		$	518
	International, principally Europe		414		394		55			50			1,240		1,144		169			118
	Total		$	2,232	$	2,150	237			243			$	6,457	$	6,175	696			636
	General corporate expense, net						(35		)	(31		)					(102		)	(104		)
	Operating profit						202			212							594			532
	Other income (expense), net						(50		)	(52		)					(159		)	(155		)
	Income from continuing operations before income taxes						$	152		$	160						$	435		$	377
		(A)		Inter-segment sales were not material.

Severance_Costs

Severance Costs	9 Months Ended
	Sep. 30, 2014
Severance Costs.	'
Severance Costs	'
	M.       As part of the Company’s continuing review of its operations to improve cost structure and business processes, actions were taken during 2014 and 2013 to respond to market conditions.  The Company recorded charges related to severance and early retirement programs of $13 million and $24 million for the three months and nine months ended September 30, 2014, respectively, and $4 million and $16 million for the three months and nine months ended September 30, 2013, respectively. Such charges are principally reflected in the statement of operations in selling, general and administrative expenses.  In 2014, $13 million and $20 million for the three months and nine months ended September 30, 2014, respectively, of the severance costs relate to corporate office actions and are included in general corporate expense, net.

Other_Income_Expense_Net

Other Income (Expense), Net	9 Months Ended
	Sep. 30, 2014
Other Income (Expense), Net	'
Other Income (Expense), Net	'
	N.       Other, net, which is included in other income (expense), net, was as follows, in millions:
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2014		2013			2014		2013
	Income from cash and cash investments	$	1	$	1		$	2	$	3
	Income from financial investments (Note E)	—		6			2		21
	Currency gains (losses)	5		(1		)	5		—
	Other items, net	1		—			1		(1		)
	Total other net	$	7	$	6		$	10	$	23

Earnings_Per_Common_Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Common Share	'
Earnings Per Common Share	'
	O.       Reconciliations of the numerators and denominators used in the computations of basic and diluted earnings per common share were as follows, in millions:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Numerator (basic and diluted):
	Income from continuing operations	$	542		$	111		$	758		$	256
	Less: Allocation to unvested restricted stock awards	(11		)	(2		)	(15		)	(5		)
	Income from continuing operations attributable to common shareholders	531			109			743			251
	Income (loss) from discontinued operations, net	1			(2		)	(2		)	(16		)
	Less: Allocation to unvested restricted stock awards	—			—			—			—
	Income (loss) from discontinued operations attributable to common shareholders	1			(2		)	(2		)	(16		)
	Net income available to common shareholders	$	532		$	107		$	741		$	235
	Denominator:
	Basic common shares (based upon weighted average)	350			349			350			349
	Add:
	Stock option dilution	3			3			3			3
	Diluted common shares	353			352			353			352
	For the three months and nine months ended September 30, 2014 and 2013, the Company allocated dividends and undistributed earnings to the unvested restricted stock awards (participating securities).
	Additionally, 8 million common shares for both the three months and nine months ended September 30, 2014 and 15 million and 14 million common shares for the three months and nine months ended September 30, 2013, respectively, related to stock options were excluded from the computation of diluted earnings per common share due to their antidilutive effect.
	In the first nine months of 2014, the Company granted 1.7 million shares of long-term stock awards; to offset the dilutive impact of these awards, the Company also repurchased and retired 1.7 million shares of Company common stock, for cash aggregating approximately $39 million.
	On September 30, 2014, the Company announced that its Board of Directors authorized the repurchase of up to 50 million shares for retirement of Company common stock in open-market transactions or otherwise, replacing the previous Board of Directors authorization established in 2007.
	On the basis of amounts paid (declared), cash dividends per common share were $.090 ($.090) and $.24 ($.255) for the three months and nine months ended September 30, 2014, respectively, and $.075 ($.075) and $.225 ($.225) for the three months and nine months ended September 30, 2013, respectively.

Other_Commitments_and_Continge

Other Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Other Commitments and Contingencies	'
Other Commitments and Contingencies	'
	P.        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 likelihood that the outcome of these matters would have a material adverse effect on us is remote.  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.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Taxes	'
Income Taxes	'
	Q.       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 that can be placed on projected taxable income to support the recovery of the deferred tax assets.
	In the fourth quarter of 2010, we recorded a $372 million valuation allowance against our U.S. Federal deferred tax assets as a non-cash charge to income tax expense. In reaching this conclusion, we considered the weaker retail sales of certain of our 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 us 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, we recorded increases of $65 million and $89 million in the valuation allowance related to our U.S. Federal deferred tax assets as a non-cash charge to income tax expense in 2012 and 2011, respectively.
	Although new home construction activity and retail sales of builder products strengthened during 2013 resulting in profitability in the Company’s U.S. operations, we continued to record a full valuation allowance against the U.S. Federal deferred tax assets as we remained in a three-year cumulative loss position throughout 2013.
	In the third quarter of 2014, the Company recorded a $517 million tax benefit from the release of the valuation allowance against its U.S. Federal and certain state deferred tax assets due primarily to a return to sustainable profitability in its U.S. operations.  In reaching this conclusion, we considered the continued improvement in both the new home construction market and repair and remodel activity in the U.S. and our progress on strategic initiatives to reduce costs and expand our product leadership positions which contributed to the continued improvement in our U.S. operations over the past few years.  Additionally, we anticipate the availability of future taxable income and achieving a cumulative three-year income position in the U.S. by the fourth quarter of 2014 as a result of seven consecutive quarters of U.S. pre-tax earnings.
	As a result of the valuation allowance release in the third quarter of 2014, the net short-term deferred tax assets included in prepaid expenses and other on the condensed consolidated balance sheet as of September 30, 2014 was $265 million; such balance was $73 million at December 31, 2013.
	It is reasonably possible that the continued improvements in certain of our businesses located in the U.S. and in Europe could result in the objective positive evidence necessary to warrant the additional reversal of all or a portion of the valuation allowance, up to approximately $35 million, by the end of 2015.
	Excluding the $517 million valuation allowance release, our effective tax rate was 75 percent and 36 percent for the three months and nine months ended September 30, 2014, respectively.  As a result of the reversal of the valuation allowance in the third quarter of 2014, the tax expense for the nine months ended September 30, 2014 approximates our U.S. Federal statutory tax rate while the tax expense for the three months ended September 30, 2014 includes an additional tax expense of $51 million to adjust the taxes recorded in the first and second quarter of 2014, which previously benefited from the decrease in the valuation allowance, to the higher third quarter effective tax rate.
	Our effective tax rate of 24 percent for both the three months and nine months ended September 30, 2013, primarily due to the decrease in the valuation allowance resulting from the partial utilization of our U.S. Federal net operating loss carryforward.  The effective tax rate for the nine months ended September 30, 2013 includes a $12 million state tax benefit on uncertain tax positions due primarily to the expiration of applicable statutes of limitation.

Restructuring_and_Related_Acti

Restructuring and Related Activities	9 Months Ended
	Sep. 30, 2014
Restructuring and Related Activities	'
Restructuring and Related Activities Disclosure	'
	R.        On September 30, 2014, the Company announced a plan to spin-off of 100 percent of its Installation and Other Services businesses into an independent, publicly-traded company through a tax-free stock distribution to the Company’s shareholders.  The transaction is expected to be completed in mid-2015.

Accounting_Policies_Policies

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies	'
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements.  In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard for revenue recognition, Accounting Standards Codification 606 (ASC 606).  The purpose of ASC 606 is to provide a single, comprehensive revenue recognition model for all contracts with customers to improve comparability across industries. ASC 606 is effective for the Company for annual periods beginning January 1, 2017.  The Company is currently evaluating the impact the adoption of this new standard will have on its results of operations.
	In April 2014, the FASB issued Accounting Standards Update 2014-8 (ASU 2014-8), “Reporting of Discontinued Operations and Disclosure of Disposals of Components of an Entity,” which changes the criteria for determining which disposals can be presented as discontinued operations and modifies the related disclosure requirements.  ASU 2014-8 is effective for the Company beginning January 1, 2015, with early adoption allowed for new disposals not previously classified as discontinued operations.
Revision of Previously Issued Financial Statements	'
	Revision of Previously Issued Financial Statements.  During the first quarter ended March 31, 2014, the Company identified an error in the accounting for certain of its investments in private equity limited partnership funds.  The investments were inappropriately accounted for under the cost basis versus the equity method.  The impact of the error was to under report the investment value (included in other assets on the consolidated balance sheets) and to over (under) state equity investment earnings (loss) (included in other income (expense), net in the consolidated statements of operations).  We have revised our three-month and nine-month periods ended September 30, 2013 consolidated statement of operations and prior year consolidated balance sheet in these financial statements to reflect the investment accounted for as an equity investment.  Retained earnings and other comprehensive income were adjusted for the changes in net income.  Other historic periods will be revised, as detailed below, in our future filings. This error is not considered material to any prior period financial statement.
	This revision has no effect on our consolidated statement of cash flows.
	The following table presents the impact of the revisions on the Company’s previously issued full-year consolidated statement of operations (in millions):
		Year ended December 31,
		2013			2012			2011
	Other income (expense), net
	As reported	$	(239	)	$	(229	)	$	(177	)
	Correction	16			—			9
	As revised	$	(223	)	$	(229	)	$	(168	)
	Income (loss) from continuing operations, before income taxes
	As reported	$	434		$	73		$	(392	)
	Correction	16			—			9
	As revised	$	450		$	73		$	(383	)
	Income (loss) from continuing operations
	As reported	$	323		$	(18	)	$	(352	)
	Correction	16			—			9
	As revised	$	339		$	(18	)	$	(343	)
	Net income (loss)
	As reported	$	313		$	(79	)	$	(533	)
	Correction	16			—			9
	As revised	$	329		$	(79	)	$	(524	)
	The following table presents the impact of the revisions on the Company’s previously issued quarterly consolidated statements of operations (in millions):
		Three Months Ended												Three Months Ended
		Dec. 31			Sep. 30			June 30			Mar. 31			Dec. 31			Sep. 30			June 30			Mar. 31
		2013												2012
	Other income (expense), net
	As reported	$	(71	)	$	(58	)	$	(57	)	$	(53	)	$	(57	)	$	(57	)	$	(66	)	$	(49	)
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	(68	)	$	(52	)	$	(56	)	$	(47	)	$	(53	)	$	(50	)	$	(68	)	$	(58	)
	Income (loss) from continuing operations, before income taxes
	As reported	$	70		$	154		$	131		$	79		$	(26	)	$	51		$	(12	)	$	60
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	73		$	160		$	132		$	85		$	(22	)	$	58		$	(14	)	$	51
	Income (loss) from continuing operations
	As reported	$	50		$	116		$	92		$	65		$	(63	)	$	35		$	(43	)	$	53
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	53		$	122		$	93		$	71		$	(59	)	$	42		$	(45	)	$	44
	Net income (loss)
	As reported	$	56		$	114		$	87		$	56		$	(80	)	$	24		$	(67	)	$	44
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	59		$	120		$	88		$	62		$	(76	)	$	31		$	(69	)	$	35
	The following table presents the impact of the revisions on the Company’s previously issued consolidated balance sheets (in millions):
		As of
		Dec. 31			Sep. 30			June 30			Mar. 31			As of
		2013												Dec. 31, 2012
	Other assets
	As reported	$	161		$	166		$	173		$	182		$	184
	Correction	24			21			15			14			8
	As revised	$	185		$	187		$	188		$	196		$	192
	Total assets
	As reported	$	6,933		$	7,059		$	7,062		$	6,779		$	6,875
	Correction	24			21			15			14			8
	As revised	$	6,957		$	7,080		$	7,077		$	6,793		$	6,883

Accounting_Policies_Tables

Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2014
Accounting Policies	'
Schedule of impact of revisions on the Company's previously issued full-year consolidated statement of operations	'
	The following table presents the impact of the revisions on the Company’s previously issued full-year consolidated statement of operations (in millions):
		Year ended December 31,
		2013			2012			2011
	Other income (expense), net
	As reported	$	(239	)	$	(229	)	$	(177	)
	Correction	16			—			9
	As revised	$	(223	)	$	(229	)	$	(168	)
	Income (loss) from continuing operations, before income taxes
	As reported	$	434		$	73		$	(392	)
	Correction	16			—			9
	As revised	$	450		$	73		$	(383	)
	Income (loss) from continuing operations
	As reported	$	323		$	(18	)	$	(352	)
	Correction	16			—			9
	As revised	$	339		$	(18	)	$	(343	)
	Net income (loss)
	As reported	$	313		$	(79	)	$	(533	)
	Correction	16			—			9
	As revised	$	329		$	(79	)	$	(524	)
Schedule of impact of revisions on the Company's previously issued quarterly consolidated statements of operations	'
	The following table presents the impact of the revisions on the Company’s previously issued quarterly consolidated statements of operations (in millions):
		Three Months Ended												Three Months Ended
		Dec. 31			Sep. 30			June 30			Mar. 31			Dec. 31			Sep. 30			June 30			Mar. 31
		2013												2012
	Other income (expense), net
	As reported	$	(71	)	$	(58	)	$	(57	)	$	(53	)	$	(57	)	$	(57	)	$	(66	)	$	(49	)
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	(68	)	$	(52	)	$	(56	)	$	(47	)	$	(53	)	$	(50	)	$	(68	)	$	(58	)
	Income (loss) from continuing operations, before income taxes
	As reported	$	70		$	154		$	131		$	79		$	(26	)	$	51		$	(12	)	$	60
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	73		$	160		$	132		$	85		$	(22	)	$	58		$	(14	)	$	51
	Income (loss) from continuing operations
	As reported	$	50		$	116		$	92		$	65		$	(63	)	$	35		$	(43	)	$	53
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	53		$	122		$	93		$	71		$	(59	)	$	42		$	(45	)	$	44
	Net income (loss)
	As reported	$	56		$	114		$	87		$	56		$	(80	)	$	24		$	(67	)	$	44
	Correction	3			6			1			6			4			7			(2		)	(9		)
	As revised	$	59		$	120		$	88		$	62		$	(76	)	$	31		$	(69	)	$	35
Schedule of impact of revisions on the Company's previously issued consolidated balance sheets	'
	The following table presents the impact of the revisions on the Company’s previously issued consolidated balance sheets (in millions):
		As of
		Dec. 31			Sep. 30			June 30			Mar. 31			As of
		2013												Dec. 31, 2012
	Other assets
	As reported	$	161		$	166		$	173		$	182		$	184
	Correction	24			21			15			14			8
	As revised	$	185		$	187		$	188		$	196		$	192
	Total assets
	As reported	$	6,933		$	7,059		$	7,062		$	6,779		$	6,875
	Correction	24			21			15			14			8
	As revised	$	6,957		$	7,080		$	7,077		$	6,793		$	6,883

Discontinued_Operations_Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2014
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, was as follows, in millions:
		Three Months Ended			Nine Months Ended
		September 30, 2013			September 30, 2013
	Net Sales	$	75		$	194
	Operating loss from discontinued operations	$	—		$	(8	)
	Impairment of assets	—			(10		)
	Loss on disposal of discontinued operations, net	(2		)	(2		)
	Loss before income tax	(2		)	(20		)
	Income tax benefit	—			(4		)
	Loss from discontinued operations, net	$	(2	)	$	(16	)

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Goodwill and Other Intangible Assets	'
Schedule of changes in carrying amount of goodwill	'
	The changes in the carrying amount of goodwill for the nine months ended September 30, 2014, by segment, were as follows, in millions:
			Gross Goodwill		Accumulated			Net Goodwill
			At		Impairment			At
			Sep. 30, 2014		Losses			Sep. 30, 2014
	Cabinets and Related Products		$	240	$	(59	)	$	181
	Plumbing Products		538		(340		)	198
	Installation and Other Services		1,806		(762		)	1,044
	Decorative Architectural Products		294		(75		)	219
	Other Specialty Products		983		(734		)	249
	Total		$	3,861	$	(1,970	)	$	1,891
			Gross Goodwill		Accumulated			Net Goodwill					Net Goodwill
			At		Impairment			At					At
			Dec. 31, 2013		Losses			Dec. 31, 2013		Other(A)			Sep. 30, 2014
	Cabinets and Related Products		$	240	$	(59	)	$	181	$	—		$	181
	Plumbing Products		550		(340		)	210		(12		)	198
	Installation and Other Services		1,806		(762		)	1,044		—			1,044
	Decorative Architectural Products		294		(75		)	219		—			219
	Other Specialty Products		983		(734		)	249		—			249
	Total		$	3,873	$	(1,970	)	$	1,903	$	(12	)	$	1,891
		(A)		Other principally includes the effect of foreign currency translation.

Fair_Value_of_Financial_Invest1

Fair Value of Financial Investments and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2014
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:
		September 30,		December 31,
		2014		2013
	Equity method investments	$	61	$	70
	Total equity method investments	61		70
	Auction rate securities	22		22
	Total recurring investments	22		22
	Private equity funds	15		18
	Other investments	4		3
	Total non-recurring investments	19		21
	Total	$	102	$	113
Schedule of income (loss) from financial investments, net, included in other, net, within other income (expense), net,	'
	Income (loss) from financial investments, net, included in other, net, within other income (expense), net, was as follows, in millions:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014			2013
	Realized gains from private equity funds	$	—	$	—	$	4		$	7
	Equity investment (loss) income, net	—		6		(2		)	13
	Income from other investments, net	—		—		—			1
	Total income from financial investments	$	—	$	6	$	2		$	21

Derivative_Instruments_and_Hed1

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities	'
Schedule of pre-tax (losses) gains included in the Company's condensed consolidated statements of operations	'
	The pre-tax (losses) gains included in the Company’s condensed consolidated statements of operations is as follows, in millions:
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2014		2013			2014		2013
	Foreign Currency Contracts
	Exchange Contracts	$	5	$	(4	)	$	2	$	3
	Forward Contracts	1		(1		)	—		1
	Metal Contracts	—		3			—		(6		)
	Total gain (loss)	$	6	$	(2	)	$	2	$	(2	)
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, are as follows, in millions:
		At September 30, 2014
		Notional
		Amount		Assets			Liabilities
	Foreign Currency Contracts
	Exchange Contracts	$	76
	Current assets			$	4		$	—
	Forward Contracts
	Current assets	64		1			—
	Metals Contracts
	Current assets	61		2			2
	Total			$	7		$	2
		At December 31, 2013
		Notional
		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

Warranty_Tables

Warranty (Tables)	9 Months Ended
	Sep. 30, 2014
Warranty	'
Schedule of changes in the Company's warranty liability	'
	Changes in the Company’s warranty liability were as follows, in millions:
		Nine Months Ended			Twelve Months Ended
		September 30, 2014			December 31, 2013
	Balance at January 1	$	124		$	118
	Accruals for warranties issued during the period	36			42
	Accruals related to pre-existing warranties	6			6
	Settlements made (in cash or kind) during the period	(35		)	(42		)
	Other, net	(3		)	—
	Balance at end of period	$	128		$	124

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2014
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:
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2014			2013			2014		2013
	Long-term stock awards		$	7		$	7		$	30	$	27
	Stock options		1			2			3		12
	Phantom stock awards and stock appreciation rights		3			3			4		6
	Total		$	11		$	12		$	37	$	45
	Income tax benefit (37 percent tax rate - before valuation allowance)		$	4		$	5		$	14	$	17
Schedule of the Company's long-term stock award activity	'
	The Company’s long-term stock award activity was as follows, shares in millions:
			Nine Months Ended
			September 30,
			2014			2013
	Unvested stock award shares at January 1		8			8
	Weighted average grant date fair value		$	17		$	16
	Stock award shares granted		1			2
	Weighted average grant date fair value		$	22		$	20
	Stock award shares vested		2			2
	Weighted average grant date fair value		$	17		$	17
	Stock award shares forfeited		1			—
	Weighted average grant date fair value		$	16		$	17
	Unvested stock award shares at September 30		6			8
	Weighted average grant date fair value		$	18		$	17
Schedule of the Company's stock option activity	'
	The Company’s stock option activity was as follows, shares in millions:
			Nine Months Ended
			September 30,
			2014			2013
	Option shares outstanding, January 1		24			30
	Weighted average exercise price		$	22		$	21
	Option shares granted, including restoration options		—			1
	Weighted average exercise price		$	22		$	20
	Option shares exercised		2			3
	Aggregate intrinsic value on date of exercise (A)		$	17 million		$	22 million
	Weighted average exercise price		$	16		$	12
	Option shares forfeited		3			1
	Weighted average exercise price		$	28		$	23
	Option shares outstanding, September 30		19			27
	Weighted average exercise price		$	21		$	22
	Weighted average remaining option term (in years)		4			4
	Option shares vested and expected to vest, September 30		19			27
	Weighted average exercise price		$	21		$	22
	Aggregate intrinsic value (A)		$	102 million		$	91 million
	Weighted average remaining option term (in years)		4			4
	Option shares exercisable (vested), September 30		16			22
	Weighted average exercise price		$	22		$	24
	Aggregate intrinsic value (A)		$	80 million		$	51 million
	Weighted average remaining option term (in years)		3			3
		(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	'
			Nine Months Ended
			September 30,
			2014			2013
	Weighted average grant date fair value		$	9.53		$	8.35
	Risk-free interest rate		1.91		%	1.22		%
	Dividend yield		1.34		%	1.47		%
	Volatility factor		49.00		%	49.07		%
	Expected option life		6 years			6 years

Employee_Retirement_Plans_Tabl

Employee Retirement Plans (Tables)	9 Months Ended
	Sep. 30, 2014
Employee Retirement Plans	'
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:
		Three Months Ended September 30,
		2014					2013
		Qualified			Non-Qualified		Qualified			Non-Qualified
	Service cost	$	1		$	—	$	1		$	—
	Interest cost	12			2		10			2
	Expected return on plan assets	(11		)	—		(10		)	—
	Amortization of net loss	2			1		4			1
	Net periodic pension cost	$	4		$	3	5			3
		Nine Months Ended September 30,
		2014					2013
		Qualified			Non-Qualified		Qualified			Non-Qualified
	Service cost	$	3		$	—	$	3		$	—
	Interest cost	38			6		32			5
	Expected return on plan assets	(35		)	—		(30		)	—
	Amortization of net loss	8			1		12			2
	Net periodic pension cost	$	14		$	7	$	17		$	7

Reclassifications_from_Accumul1

Reclassifications from Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2014
Reclassifications from Accumulated Other Comprehensive Income (Loss)	'
Schedule of reclassifications from accumulated other comprehensive income	'
	The reclassifications from accumulated other comprehensive income to the condensed consolidated statement of operations were as follows, in millions:
		Amount Reclassified
	Accumulated Other	Three Months					Nine Months
	Comprehensive	Ended Sep. 30,					Ended Sep. 30,					Income Statement
	Income (Loss)	2014			2013		2014			2013		Line Item
	Amortization of defined benefit pension:
	Actuarial losses, net	$	3		$	5	$	9		$	14	Selling, General & Administrative Expense
		(3		)	—		(3		)	—		Income tax benefit
	Interest rate swaps	$	—		$	—	$	1		$	1	Interest expense
		—			—		—			—		Income tax benefit

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2014
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:
			Three Months Ended September 30,										Nine Months Ended September 30,
			2014		2013		2014			2013			2014		2013		2014			2013
			Net Sales(A)				Operating Profit (Loss)						Net Sales(A)				Operating Profit (Loss)
	The Company’s operations by segment were:
	Cabinets and Related Products		$	266	$	262	$	(35	)	$	(2	)	$	756	$	763	$	(55	)	$	(4	)
	Plumbing Products		855		820		141			118			2,504		2,384		399			306
	Installation and Other Services		398		370		20			18			1,117		1,039		33			22
	Decorative Architectural Products		523		522		91			93			1,560		1,519		280			286
	Other Specialty Products		190		176		20			16			520		470		39			26
	Total		$	2,232	$	2,150	$	237		$	243		$	6,457	$	6,175	$	696		$	636
	The Company’s operations by geographic area were:
	North America		$	1,818	$	1,756	$	182		$	193		$	5,217	$	5,031	$	527		$	518
	International, principally Europe		414		394		55			50			1,240		1,144		169			118
	Total		$	2,232	$	2,150	237			243			$	6,457	$	6,175	696			636
	General corporate expense, net						(35		)	(31		)					(102		)	(104		)
	Operating profit						202			212							594			532
	Other income (expense), net						(50		)	(52		)					(159		)	(155		)
	Income from continuing operations before income taxes						$	152		$	160						$	435		$	377
		(A)		Inter-segment sales were not material.

Other_Income_Expense_Net_Table

Other Income (Expense), Net (Tables)	9 Months Ended
	Sep. 30, 2014
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:
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2014		2013			2014		2013
	Income from cash and cash investments	$	1	$	1		$	2	$	3
	Income from financial investments (Note E)	—		6			2		21
	Currency gains (losses)	5		(1		)	5		—
	Other items, net	1		—			1		(1		)
	Total other net	$	7	$	6		$	10	$	23

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2014
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:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Numerator (basic and diluted):
	Income from continuing operations	$	542		$	111		$	758		$	256
	Less: Allocation to unvested restricted stock awards	(11		)	(2		)	(15		)	(5		)
	Income from continuing operations attributable to common shareholders	531			109			743			251
	Income (loss) from discontinued operations, net	1			(2		)	(2		)	(16		)
	Less: Allocation to unvested restricted stock awards	—			—			—			—
	Income (loss) from discontinued operations attributable to common shareholders	1			(2		)	(2		)	(16		)
	Net income available to common shareholders	$	532		$	107		$	741		$	235
	Denominator:
	Basic common shares (based upon weighted average)	350			349			350			349
	Add:
	Stock option dilution	3			3			3			3
	Diluted common shares	353			352			353			352

Accounting_Policies_Details

Accounting Policies (Details) (USD $)	3 Months Ended									9 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Impact of revisions on previously issued consolidated statements of operations	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Other income (expense), net	($50)	($68)	($52)	($56)	($47)	($53)	($50)	($68)	($58)	($159)	($155)	($223)	($229)	($168)
Income (loss) from continuing operations before income taxes	152	73	160	132	85	-22	58	-14	51	435	377	450	73	-383
Income (loss) from continuing operations	555	53	122	93	71	-59	42	-45	44	796	286	339	-18	-343
Net income (loss)	556	59	120	88	62	-76	31	-69	35	794	270	329	-79	-524
Impact of previously issued consolidated statement of cash flows	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Other assets	181	185	187	188	196	192	'	'	'	181	187	185	192	'
Total assets	7,373	6,957	7,080	7,077	6,793	6,883	'	'	'	7,373	7,080	6,957	6,883	'
Accounting for certain investments in private equity limited partnership funds | As Reported	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Impact of revisions on previously issued consolidated statements of operations	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Other income (expense), net	'	-71	-58	-57	-53	-57	-57	-66	-49	'	'	-239	-229	-177
Income (loss) from continuing operations before income taxes	'	70	154	131	79	-26	51	-12	60	'	'	434	73	-392
Income (loss) from continuing operations	'	50	116	92	65	-63	35	-43	53	'	'	323	-18	-352
Net income (loss)	'	56	114	87	56	-80	24	-67	44	'	'	313	-79	-533
Impact of previously issued consolidated statement of cash flows	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Other assets	'	161	166	173	182	184	'	'	'	'	166	161	184	'
Total assets	'	6,933	7,059	7,062	6,779	6,875	'	'	'	'	7,059	6,933	6,875	'
Accounting for certain investments in private equity limited partnership funds | Correction	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Impact of revisions on previously issued consolidated statements of operations	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Other income (expense), net	'	3	6	1	6	4	7	-2	-9	'	'	16	'	9
Income (loss) from continuing operations before income taxes	'	3	6	1	6	4	7	-2	-9	'	'	16	'	9
Income (loss) from continuing operations	'	3	6	1	6	4	7	-2	-9	'	'	16	'	9
Net income (loss)	'	3	6	1	6	4	7	-2	-9	'	'	16	'	9
Impact of previously issued consolidated statement of cash flows	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Other assets	'	24	21	15	14	8	'	'	'	'	21	24	8	'
Total assets	'	$24	$21	$15	$14	$8	'	'	'	'	$21	$24	$8	'

Discontinued_Operations_Detail

Discontinued Operations (Details) (USD $)	3 Months Ended			9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2014	Sep. 30, 2013
Selected financial information for the discontinued operations	'	'	'	'	'
Net Sales	'	$75	'	'	$194
Operating loss from discontinued operations	'	'	'	'	-8
Impairment of assets	'	'	10	'	-10
Loss on disposal of discontinued operations, net	'	-2	'	'	-2
Loss before income tax	'	-2	'	'	-20
Income tax benefit	'	'	'	'	-4
Loss from discontinued operations, net	$1	($2)	'	($2)	($16)

Goodwill_and_Other_Intangible_2

Goodwill and Other Intangible Assets (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Goodwill	'	'
Gross Goodwill	$3,861	$3,873
Accumulated Impairment Losses	-1,970	-1,970
Net Goodwill	1,891	'
Changes in the carrying amount of goodwill	'	'
Beginning balance	1,903	'
Other	-12	'
Ending balance	1,891	'
Cabinets and Related Products	'	'
Goodwill	'	'
Gross Goodwill	240	240
Accumulated Impairment Losses	-59	-59
Net Goodwill	181	181
Changes in the carrying amount of goodwill	'	'
Beginning balance	'	181
Ending balance	181	181
Plumbing Products	'	'
Goodwill	'	'
Gross Goodwill	538	550
Accumulated Impairment Losses	-340	-340
Net Goodwill	198	'
Changes in the carrying amount of goodwill	'	'
Beginning balance	210	'
Other	-12	'
Ending balance	198	'
Installation and Other Services	'	'
Goodwill	'	'
Gross Goodwill	1,806	1,806
Accumulated Impairment Losses	-762	-762
Net Goodwill	1,044	1,044
Changes in the carrying amount of goodwill	'	'
Beginning balance	'	1,044
Ending balance	1,044	1,044
Decorative Architectural Products	'	'
Goodwill	'	'
Gross Goodwill	294	294
Accumulated Impairment Losses	-75	-75
Net Goodwill	219	219
Changes in the carrying amount of goodwill	'	'
Beginning balance	'	219
Ending balance	219	219
Other Specialty Products	'	'
Goodwill	'	'
Gross Goodwill	983	983
Accumulated Impairment Losses	-734	-734
Net Goodwill	249	249
Changes in the carrying amount of goodwill	'	'
Beginning balance	'	249
Ending balance	$249	$249

Goodwill_and_Other_Intangible_3

Goodwill and Other Intangible Assets (Details 2) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Goodwill and Other Intangible Assets	'	'
Other indefinite-lived intangible assets	$132	$133
Carrying value of definite-lived intangible assets	15	16
Accumulated amortization	$65	$62

Depreciation_and_Amortization_1

Depreciation and Amortization Expense (Details) (USD $)	9 Months Ended			3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014
				Cabinets and Related Products	Two facilities held for sale
				facility	Cabinets and Related Products
Depreciation and amortization expense	$125	$143	'	'	'
Accelerated depreciation expenses	1	12	'	'	'
Number of facilities to be sold	'	'	'	2	'
Property and equipment, net	1,153	'	1,252	'	10
Asset impairment charges	'	'	'	'	$28

Fair_Value_of_Financial_Invest2

Fair Value of Financial Investments and Liabilities (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair value of financial investments and liabilities	'	'
Total equity method investments	$61	$70
Total financial investments	102	113
Cost basis available-for-sale securities	19	19
Pre-tax unrealized gains, available-for-sale securities	3	3
Recorded basis, available for sale securities	22	22
Equity method investments	'	'
Fair value of financial investments and liabilities	'	'
Total equity method investments	61	70
Recurring | Level 3	'	'
Fair value of financial investments and liabilities	'	'
Recurring investments, Available-for-sale securities	22	22
Recurring | Auction rate securities | Level 3	'	'
Fair value of financial investments and liabilities	'	'
Recurring investments, Available-for-sale securities	22	22
Non-recurring investments	'	'
Fair value of financial investments and liabilities	'	'
Non-recurring investments	19	21
Non-recurring investments | Private equity funds	'	'
Fair value of financial investments and liabilities	'	'
Non-recurring investments	15	18
Non-recurring investments | Other investments	'	'
Fair value of financial investments and liabilities	'	'
Non-recurring investments	$4	$3

Fair_Value_of_Financial_Invest3

Fair Value of Financial Investments and Liabilities (Details 2) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Income from financial investments, net and impairment charges	'	'	'	'
Equity investment (loss) income, net	$6,000,000	($2,000,000)	$13,000,000	'
Income from other investments, net	'	'	1,000,000	'
Total income from financial investments	6,000,000	2,000,000	21,000,000	'
Estimated market value of long-term and short-term debt	'	3,700,000,000	'	3,700,000,000
Aggregate carrying value of long-term and short-term debt	'	3,400,000,000	'	3,400,000,000
Private equity funds	'	'	'	'
Income from financial investments, net and impairment charges	'	'	'	'
Realized gains from private equity funds	'	$4,000,000	$7,000,000	'

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities (Details) (Not designated as a hedge, USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative instruments and hedging activities	'	'	'	'
Total gain (loss)	$6	($2)	$2	($2)
Foreign currency exchange contracts | Other, net	'	'	'	'
Derivative instruments and hedging activities	'	'	'	'
Total gain (loss)	5	-4	2	3
Foreign currency forward contracts | Other, net	'	'	'	'
Derivative instruments and hedging activities	'	'	'	'
Total gain (loss)	1	-1	'	1
Metals contracts | Cost of sales	'	'	'	'
Derivative instruments and hedging activities	'	'	'	'
Total gain (loss)	'	$3	'	($6)

Derivative_Instruments_and_Hed3

Derivative Instruments and Hedging Activities (Details 2) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Recurring | Level 2	'	'
Derivative instruments and hedging activities	'	'
Assets	$7	'
Liabilities	2	5
Foreign currency exchange contracts	'	'
Derivative instruments and hedging activities	'	'
Notional Amount	76	53
Foreign currency exchange contracts | Current assets | Recurring | Level 2	'	'
Derivative instruments and hedging activities	'	'
Assets	4	'
Foreign currency exchange contracts | Current liabilities | Recurring | Level 2	'	'
Derivative instruments and hedging activities	'	'
Liabilities	'	2
Foreign currency forward contracts	'	'
Derivative instruments and hedging activities	'	'
Notional Amount	64	88
Foreign currency forward contracts | Current assets | Recurring | Level 2	'	'
Derivative instruments and hedging activities	'	'
Assets	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	61	48
Metals contracts | Current liabilities | Recurring | Level 2	'	'
Derivative instruments and hedging activities	'	'
Assets	2	'
Liabilities	$2	$2

Warranty_Details

Warranty (Details) (USD $)	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Warranty	'	'
Balance at the beginning of the period	$124	$118
Accruals for warranties issued during the year	36	42
Accruals related to pre-existing warranties	6	6
Settlements made (in cash or kind) during the year	-35	-42
Other, net	-3	'
Balance at the end of the period	$128	$124

Debt_Details

Debt (Details) (Credit Agreement dated March 28, 2013, USD $)	Sep. 30, 2014	Mar. 28, 2013
Credit Agreement dated March 28, 2013	'	'
Debt	'	'
Borrowing capacity, maximum	'	$1,250,000,000
Additional borrowing capacity	1,200,000,000	'
Absorption of reduction to shareholders' equity to remain in compliance with covenant	859,000,000	'
Amount borrowed	$0	'

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Stock-based compensation	'	'	'	'
Pre-tax compensation expense	$11	$12	$37	$45
Income tax benefit	4	5	14	17
Tax rate - before valuation allowance (as a percent)	37.00%	37.00%	37.00%	37.00%
Long-term stock awards	'	'	'	'
Stock-based compensation	'	'	'	'
Pre-tax compensation expense	7	7	30	27
Stock Options	'	'	'	'
Stock-based compensation	'	'	'	'
Pre-tax compensation expense	1	2	3	12
Phantom stock awards and stock appreciation rights	'	'	'	'
Stock-based compensation	'	'	'	'
Pre-tax compensation expense	$3	$3	$4	$6

StockBased_Compensation_Detail1

Stock-Based Compensation (Details 2) (USD $)	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Additional disclosures	'	'
Remaining weighted average vesting period	'2 years	'2 years
Long-term stock awards	'	'
Unvested stock award shares	'	'
Balance at the beginning of the period (in shares)	8,000,000	8,000,000
Granted (in shares)	1,680,220	2,000,000
Vested (in shares)	2,000,000	2,000,000
Forfeited (in shares)	1,000,000	'
Balance at the end of the period (in shares)	6,000,000	8,000,000
Weighted average grant date fair value	'	'
Balance at the beginning of the period (in dollars per share)	17	16
Granted (in dollars per share)	22	20
Vested (in dollars per share)	17	17
Forfeited (in dollars per share)	16	17
Balance at the end of the period (in dollars per share)	18	17
Additional disclosures	'	'
Total unrecognized compensation expense	68	76
Remaining weighted average vesting period	'3 years	'3 years
Total market value (at the vesting date) of stock award shares	50	38

StockBased_Compensation_Detail2

Stock-Based Compensation (Details 3) (USD $)	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Additional disclosures	'	'
Weighted average remaining vesting period	'2 years	'2 years
Stock Options	'	'
Shares	'	'
Outstanding at the beginning of the period (in shares)	24,000,000	30,000,000
Granted (in shares)	332,750	1,000,000
Exercised (in shares)	2,000,000	3,000,000
Forfeited (in shares)	3,640,670	1,000,000
Outstanding at the end of the period (in shares)	19,000,000	27,000,000
Option shares vested and expected to vest at the end of the period	19,000,000	27,000,000
Option shares exercisable at the end of the period	16,000,000	22,000,000
Weighted average exercise price	'	'
Outstanding at the beginning of the period (in dollars per share)	22	21
Granted (in dollars per share)	22	20
Exercised (in dollars per share)	16	12
Forfeited (in dollars per share)	28	23
Outstanding at the end of the period (in dollars per share)	21	22
Option shares vested and expected to vest at the end of the period (in dollars per share)	21	22
Option shares exercisable at the end of the period (in dollars per share)	22	24
Aggregate intrinsic value	'	'
Exercised	17	22
Option shares vested and expected to vest at the end of the period	102	91
Option shares exercisable at the end of the period	80	51
Weighted average remaining option term	'	'
Outstanding at the end of the period	'4 years	'4 years
Option shares vested and expected to vest at the end of the period	'4 years	'4 years
Option shares exercisable at the end of the period	'3 years	'3 years
Additional disclosures	'	'
Total unrecognized compensation expense	7	10

StockBased_Compensation_Detail3

Stock-Based Compensation (Details 4) (Stock Options, USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Stock Options	'	'
Stock Options	'	'
Weighted average grant date fair value (in dollars per share)	$9.53	$8.35
Risk-free interest rate (as a percent)	1.91%	1.22%
Dividend yield (as a percent)	1.34%	1.47%
Volatility factor (as a percent)	49.00%	49.07%
Expected option life	'6 years	'6 years

Employee_Retirement_Plans_Deta

Employee Retirement Plans (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net periodic pension cost for the company's defined-benefit pension plans	'	'	'	'
Number of regional multi-employer pension plans in which the entity participates	'	'	21	'
Qualified	'	'	'	'
Net periodic pension cost for the company's defined-benefit pension plans	'	'	'	'
Service cost	$1	$1	$3	$3
Interest cost	12	10	38	32
Expected return on plan assets	-11	-10	-35	-30
Amortization of net loss	2	4	8	12
Net periodic pension cost	4	5	14	17
Non-Qualified	'	'	'	'
Net periodic pension cost for the company's defined-benefit pension plans	'	'	'	'
Interest cost	2	2	6	5
Amortization of net loss	1	1	1	2
Net periodic pension cost	$3	$3	$7	$7

Reclassifications_from_Accumul2

Reclassifications from Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Reclassifications from accumulated other comprehensive income (loss)	'	'	'	'
Selling, general and administrative expenses	$409	$395	$1,225	$1,192
Interest expense	57	58	169	178
Income tax benefit	403	-38	361	-91
Actuarial losses, net | Amount Reclassified	'	'	'	'
Reclassifications from accumulated other comprehensive income (loss)	'	'	'	'
Selling, general and administrative expenses	3	5	9	14
Income tax benefit	-3	'	-3	'
Interest rate swaps | Amount Reclassified	'	'	'	'
Reclassifications from accumulated other comprehensive income (loss)	'	'	'	'
Interest expense	'	'	$1	$1

Segment_Information_Details

Segment Information (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

In Millions, unless otherwise specified

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Sales

$2,232

'

$2,150

'

'

'

'

'

'

$6,457

$6,175

'

'

'

Operating Profit (Loss)

202

'

212

'

'

'

'

'

'

594

532

'

'

'

Other income (expense), net

-50

-68

-52

-56

-47

-53

-50

-68

-58

-159

-155

-223

-229

-168

Income from continuing operations before income taxes

152

73

160

132

85

-22

58

-14

51

435

377

450

73

-383

North America

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Sales

1,818

'

1,756

'

'

'

'

'

'

5,217

5,031

'

'

'

International, principally Europe

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Sales

414

'

394

'

'

'

'

'

'

1,240

1,144

'

'

'

Cabinets and Related Products

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Sales

266

'

262

'

'

'

'

'

'

756

763

'

'

'

Plumbing Products

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Sales

855

'

820

'

'

'

'

'

'

2,504

2,384

'

'

'

Installation and Other Services

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Sales

398

'

370

'

'

'

'

'

'

1,117

1,039

'

'

'

Decorative Architectural Products

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Sales

523

'

522

'

'

'

'

'

'

1,560

1,519

'

'

'

Other Specialty Products

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Sales

190

'

176

'

'

'

'

'

'

520

470

'

'

'

Operating Segments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating Profit (Loss)

237

'

243

'

'

'

'

'

'

696

636

'

'

'

Operating Segments | Cabinets and Related Products

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating Profit (Loss)

-35

'

-2

'

'

'

'

'

'

-55

-4

'

'

'

Operating Segments | Plumbing Products

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating Profit (Loss)

141

'

118

'

'

'

'

'

'

399

306

'

'

'

Operating Segments | Installation and Other Services

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating Profit (Loss)

20

'

18

'

'

'

'

'

'

33

22

'

'

'

Operating Segments | Decorative Architectural Products

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating Profit (Loss)

91

'

93

'

'

'

'

'

'

280

286

'

'

'

Operating Segments | Other Specialty Products

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating Profit (Loss)

20

'

16

'

'

'

'

'

'

39

26

'

'

'

Corporate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

General corporate expense, net

-35

'

-31

'

'

'

'

'

'

-102

-104

'

'

'

Geographic Areas

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating Profit (Loss)

237

'

243

'

'

'

'

'

'

696

636

'

'

'

Geographic Areas | North America

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating Profit (Loss)

182

'

193

'

'

'

'

'

'

527

518

'

'

'

Geographic Areas | International, principally Europe

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Segment Information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Operating Profit (Loss)

$55

'

$50

'

'

'

'

'

'

$169

$118

'

'

'

Severance_Costs_Details

Severance Costs (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Severance Costs.	'	'	'	'
Severance costs	$13	$4	$24	$16
Severance costs relating to corporate office actions	$13	'	$20	'

Other_Income_Expense_Net_Detai

Other Income (Expense), Net (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Other Income (Expense), Net	'	'	'	'
Income from cash and cash investments	$1	$1	$2	$3
Income from financial investments	'	6	2	21
Currency gain (losses)	5	-1	5	'
Other items, net	1	'	1	-1
Total other, net	$7	$6	$10	$23

Earnings_Per_Common_Share_Deta

Earnings Per Common Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator (basic and diluted):	'	'	'	'
Income from continuing operations	$542	$111	$758	$256
Less: Allocation to unvested restricted stock awards	-11	-2	-15	-5
Income from continuing operations attributable to common shareholders	531	109	743	251
Income (loss) from discontinued operations, net	1	-2	-2	-16
Income (loss) from discontinued operations attributable to common shareholders	1	-2	-2	-16
Net income available to common shareholders	$532	$107	$741	$235
Denominator:	'	'	'	'
Basic common shares (based upon weighted average) (in shares)	350	349	350	349
Add:	'	'	'	'
Stock option dilution (in shares)	3	3	3	3
Diluted common shares (in shares)	353	352	353	352

Earnings_Per_Common_Share_Deta1

Earnings Per Common Share (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Antidilutive securities excluded from computation of earnings per share	'	'	'	'
Repurchase and retirement of common stock to offset the dilutive impact of long-term stock awards	'	'	1,700,000	'
Repurchase and retirement of common stock cash aggregate to offset the dilutive effect	'	'	$39	$35
Remaining number of shares authorized to be repurchased	50,000,000	'	50,000,000	'
Cash dividends per common share paid (in dollars per share)	$0.09	$0.08	$0.24	$0.23
Cash dividends per common share declared (in dollars per share)	$0.09	$0.08	$0.26	$0.23
Stock Options	'	'	'	'
Antidilutive securities excluded from computation of earnings per share	'	'	'	'
Antidilutive effect on computation of diluted earnings per common share (in shares)	8,000,000	15,000,000	8,000,000	14,000,000
Long-term stock awards	'	'	'	'
Antidilutive securities excluded from computation of earnings per share	'	'	'	'
Grant of long-term stock awards	'	'	1,700,000	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended			9 Months Ended		3 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Dec. 31, 2010	Dec. 31, 2012	Dec. 31, 2011
						Forecast	State	Federal	Federal	Federal	Federal
						item
Income taxes	'	'	'	'	'	'	'	'	'	'	'
Effective tax rate (as a percent)	75.00%	24.00%	36.00%	24.00%	'	'	'	'	'	'	'
Income tax benefit on uncertain tax positions, expiration of statutes of limitations and settlements on audits	'	'	'	'	'	'	$12	'	'	'	'
Period of cumulative loss position	'	'	'3 years	'	'	'	'	'	'3 years	'	'
Valuation allowance	'	'	'	'	'	'	'	'	372	'	'
Increase in valuation allowance	'	'	'	'	'	'	'	'	'	65	89
Tax benefit from release of valuation allowance	517	'	'	'	'	'	'	'	'	'	'
Net short-term deferred tax assets	265	'	265	'	73	'	'	'	'	'	'
Period of cumulative income position	'	'	'	'	'	'3 years	'	'	'	'	'
Number of consecutive quarters of pre-tax earnings	'	'	'	'	'	7	'	'	'	'	'
Reversal of valuation allowance by the end of 2015	'	'	'	'	'	35	'	'	'	'	'
Additional tax expense	'	'	'	'	'	'	'	$51	'	'	'

Restructuring_and_Related_Acti1

Restructuring and Related Activities (Details)	9 Months Ended
	Sep. 30, 2014
Restructuring and Related Activities	'
Percentage of spin off of Installation and Other Services businesses	100.00%