# EDGAR Filing Document

**Accession Number:** 0000062996
**File Stem:** 0000062996-25-000029
**Filing Date:** 2025-7
**Character Count:** 132909
**Document Hash:** b0f8cb3e06e8a1e7903c1472222d6eeb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000062996-25-000029.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0000062996-25-000029

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 64

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MASCO CORP /DE/
- **CENTRAL INDEX KEY:** 0000062996
- **STANDARD INDUSTRIAL CLASSIFICATION:** HEATING EQUIP, EXCEPT ELEC & WARM AIR & PLUMBING FIXTURES [3430]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 381794485
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-05794
- **FILM NUMBER:** 251169358

**BUSINESS ADDRESS:**
- **STREET 1:** 17450 COLLEGE PARKWAY
- **CITY:** LIVONIA
- **STATE:** MI
- **ZIP:** 48152
- **BUSINESS PHONE:** 3132747400

**MAIL ADDRESS:**
- **STREET 1:** 17450 COLLEGE PARKWAY
- **CITY:** LIVONIA
- **STATE:** MI
- **ZIP:** 48152

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASCO SCREW PRODUCTS CO
- **DATE OF NAME CHANGE:** 19731025

?xml version='1.0' encoding='ASCII'? mas-20250630

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q** 

&nbsp;&nbsp;&nbsp;&nbsp;☒**&nbsp;&nbsp;&nbsp;&nbsp;QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the quarterly period ended June 30, 2025

or

&nbsp;&nbsp;&nbsp;&nbsp;☐**&nbsp;&nbsp;&nbsp;&nbsp;TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

&nbsp;&nbsp;&nbsp;&nbsp;For the transition period from ___________ to ___________

**Commission file number: 1-5794** 

**Masco Corporation** 

(Exact name of Registrant as Specified in its Charter)

---

| | | | |
|:---|:---|:---|:---|
| **Delaware** | **Delaware** | **Delaware** | **38-1794485** |
| (State or Other Jurisdiction of <br>Incorporation or Organization) | (State or Other Jurisdiction of <br>Incorporation or Organization) | (State or Other Jurisdiction of <br>Incorporation or Organization) | (I.R.S. Employer Identification No.) |
| **17450 College Parkway,** | **Livonia,** | **Michigan** | **48152** |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Zip Code) |

---

**(313) 274-7400** 

(Registrant's telephone number, including area code)

Securities Registered Pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol** | **Name of Each Exchange<br>On Which Registered** |
| Common Stock, $1.00 par value | MAS | New York Stock Exchange |

---

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes 🗹 No □

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes 🗹 No □

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☑ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| | | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No 🗹

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

---

| | |
|:---|:---|
| **Class** | **Shares Outstanding at June 30, 2025** |
| Common stock, par value $1.00 per share | 209363636 |

---

------

**MASCO CORPORATION**

**INDEX**

---

| | | |
|:---|:---|:---|
| | | **<u>Page</u>** |
| | **<u>[PART I. FINANCIAL INFORMATION](#i15faaf8539a346b989d2b873d9e1c709_10)</u>** | |
| <u>[Item 1.](#i15faaf8539a346b989d2b873d9e1c709_13)</u> | <u>[Financial Statements (Unaudited):](#i15faaf8539a346b989d2b873d9e1c709_13)</u> | <u>[1](#i15faaf8539a346b989d2b873d9e1c709_13)</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Condensed Consolidated Balance Sheets as of](#i15faaf8539a346b989d2b873d9e1c709_16)[June](#i15faaf8539a346b989d2b873d9e1c709_16)[3](#i15faaf8539a346b989d2b873d9e1c709_16)[0](#i15faaf8539a346b989d2b873d9e1c709_16)[, 2025 and December 31, 2024](#i15faaf8539a346b989d2b873d9e1c709_16)</u> | <u>[1](#i15faaf8539a346b989d2b873d9e1c709_16)</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Condensed Consolidated Statements of Operations for the Three](#i15faaf8539a346b989d2b873d9e1c709_19)[and Six](#i15faaf8539a346b989d2b873d9e1c709_19)[Months Ended](#i15faaf8539a346b989d2b873d9e1c709_19)[June](#i15faaf8539a346b989d2b873d9e1c709_19)[3](#i15faaf8539a346b989d2b873d9e1c709_19)[0](#i15faaf8539a346b989d2b873d9e1c709_19)[, 2025 and 2024](#i15faaf8539a346b989d2b873d9e1c709_19)</u> | <u>[2](#i15faaf8539a346b989d2b873d9e1c709_19)</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three](#i15faaf8539a346b989d2b873d9e1c709_22)[and Six](#i15faaf8539a346b989d2b873d9e1c709_22)[Months Ended](#i15faaf8539a346b989d2b873d9e1c709_22)[June](#i15faaf8539a346b989d2b873d9e1c709_22)[3](#i15faaf8539a346b989d2b873d9e1c709_22)[0](#i15faaf8539a346b989d2b873d9e1c709_22)[, 2025 and 2024](#i15faaf8539a346b989d2b873d9e1c709_22)</u> | <u>[3](#i15faaf8539a346b989d2b873d9e1c709_22)</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Condensed Consolidated Statements of Cash Flows for the](#i15faaf8539a346b989d2b873d9e1c709_25)[Six](#i15faaf8539a346b989d2b873d9e1c709_25)[Months Ended](#i15faaf8539a346b989d2b873d9e1c709_25)[June](#i15faaf8539a346b989d2b873d9e1c709_25)[3](#i15faaf8539a346b989d2b873d9e1c709_25)[0](#i15faaf8539a346b989d2b873d9e1c709_25)[, 2025 and 2024](#i15faaf8539a346b989d2b873d9e1c709_25)</u> | <u>[4](#i15faaf8539a346b989d2b873d9e1c709_25)</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Condensed Consolidated Statements of Shareholders' Equity for the Three](#i15faaf8539a346b989d2b873d9e1c709_28)[and](#i15faaf8539a346b989d2b873d9e1c709_28)[Six](#i15faaf8539a346b989d2b873d9e1c709_28)[Months Ended](#i15faaf8539a346b989d2b873d9e1c709_28)[June](#i15faaf8539a346b989d2b873d9e1c709_28)[3](#i15faaf8539a346b989d2b873d9e1c709_28)[0](#i15faaf8539a346b989d2b873d9e1c709_28)[, 2025 and 2024](#i15faaf8539a346b989d2b873d9e1c709_28)</u> | <u>[5](#i15faaf8539a346b989d2b873d9e1c709_28)</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>[Notes to Condensed Consolidated Financial Statements](#i15faaf8539a346b989d2b873d9e1c709_31)</u> | <u>[7](#i15faaf8539a346b989d2b873d9e1c709_31)</u> |
| <u>[Item 2.](#i15faaf8539a346b989d2b873d9e1c709_76)</u> | <u>[Management's Discussion and Analysis of Financial Condition and Results of Operations](#i15faaf8539a346b989d2b873d9e1c709_76)</u> | <u>[15](#i15faaf8539a346b989d2b873d9e1c709_76)</u> |
| <u>[Item 4.](#i15faaf8539a346b989d2b873d9e1c709_100)</u> | <u>[Controls and Procedures](#i15faaf8539a346b989d2b873d9e1c709_100)</u> | <u>[22](#i15faaf8539a346b989d2b873d9e1c709_100)</u> |
|  | **<u>[PART II. OTHER INFORMATION](#i15faaf8539a346b989d2b873d9e1c709_103)</u>** | <u>[23](#i15faaf8539a346b989d2b873d9e1c709_103)</u> |
| <u>[Item 1.](#i15faaf8539a346b989d2b873d9e1c709_106)</u> | <u>[Legal Proceedings](#i15faaf8539a346b989d2b873d9e1c709_106)</u> | <u>[23](#i15faaf8539a346b989d2b873d9e1c709_106)</u> |
| <u>[Item 1A.](#i15faaf8539a346b989d2b873d9e1c709_109)</u> | <u>[Risk Factors](#i15faaf8539a346b989d2b873d9e1c709_109)</u> | <u>[23](#i15faaf8539a346b989d2b873d9e1c709_109)</u> |
| <u>[Item 2.](#i15faaf8539a346b989d2b873d9e1c709_112)</u> | <u>[Unregistered Sales of Equity Securities and Use of Proceeds](#i15faaf8539a346b989d2b873d9e1c709_112)</u> | <u>[23](#i15faaf8539a346b989d2b873d9e1c709_112)</u> |
| <u>[Item 5.](#i15faaf8539a346b989d2b873d9e1c709_115)</u> | <u>[Other Information](#i15faaf8539a346b989d2b873d9e1c709_115)</u> | <u>[23](#i15faaf8539a346b989d2b873d9e1c709_115)</u> |
| <u>[Item 6.](#i15faaf8539a346b989d2b873d9e1c709_118)</u>  | <u>[Exhibits](#i15faaf8539a346b989d2b873d9e1c709_118)</u> | <u>[24](#i15faaf8539a346b989d2b873d9e1c709_118)</u> |
|  | <u>[Signature](#i15faaf8539a346b989d2b873d9e1c709_121)</u> | <u>[25](#i15faaf8539a346b989d2b873d9e1c709_121)</u> |

---

------

**MASCO CORPORATION**

**CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)**

**June 30, 2025 and December 31, 2024**

**(In Millions, Except Share Data)**

---

| | | |
|:---|:---|:---|
| | **June 30, 2025** | **December 31, 2024** |
| **ASSETS** | **ASSETS** | **ASSETS** |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash investments | $390 | $634 |
| &nbsp;&nbsp;&nbsp;Receivables | 1318 | 1035 |
| &nbsp;&nbsp;&nbsp;Inventories | 1097 | 938 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other | 119 | 123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 2925 | 2730 |
| Property and equipment, net | 1174 | 1116 |
| Goodwill | 621 | 597 |
| Other intangible assets, net | 219 | 220 |
| Operating lease right-of-use assets | 244 | 231 |
| Other assets | 106 | 123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $5288 | $5016 |
| **LIABILITIES** | **LIABILITIES** | **LIABILITIES** |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $871 | $789 |
| &nbsp;&nbsp;&nbsp;Notes payable | 48 | 3 |
| &nbsp;&nbsp;&nbsp;Accrued liabilities | 690 | 767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 1609 | 1560 |
| Long-term debt | 2945 | 2945 |
| Noncurrent operating lease liabilities | 231 | 223 |
| Other liabilities | 352 | 342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | $5138 | $5069 |
| Commitments and contingencies (Note L) |  |  |
| **EQUITY** | **EQUITY** | **EQUITY** |
| Masco Corporation's shareholders' equity: |  |  |
| Common shares, par value $1 per share<br>&nbsp;&nbsp;&nbsp;&nbsp;Authorized shares: 1,400,000,000;<br>&nbsp;&nbsp;&nbsp;&nbsp;Issued and outstanding: 2025 – 209,400,000; 2024 – 212,500,000 | 209 | 212 |
| Preferred shares authorized: 1,000,000;<br>&nbsp;&nbsp;&nbsp;&nbsp;Issued and outstanding: 2025 and 2024 – None |  |  |
| Paid-in capital |  |  |
| Retained deficit | (583) | (693) |
| Accumulated other comprehensive income | 289 | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Masco Corporation's shareholders' deficit | (84) | (279) |
| Noncontrolling interest | 234 | 227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 150 | (53) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and equity | $5288 | $5016 |

---

See notes to condensed consolidated financial statements.

Amounts may not add due to rounding.

------

**MASCO CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)**

**For the Three and Six Months Ended June 30, 2025 and 2024** 

**(In Millions, Except Per Common Share Data)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **2025** | **2024** |
| Net sales | $2051 | $2091 | $3852 | $4017 |
| Cost of sales | 1278 | 1306 | 2435 | 2547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 772 | 785 | 1416 | 1470 |
| Selling, general and administrative expenses | 361 | 388 | 719 | 755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating profit | 412 | 397 | 698 | 715 |
| Other income (expense), net: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (26) | (26) | (52) | (50) |
| &nbsp;&nbsp;&nbsp;Other, net | (7) | (5) | (14) | (10) |
|  | (33) | (31) | (66) | (61) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 378 | 366 | 632 | 655 |
| Income tax expense | 95 | 94 | 150 | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | 283 | 272 | 482 | 501 |
| Less: Net income attributable to noncontrolling interest | 13 | 14 | 25 | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income attributable to Masco Corporation | $270 | $258 | $456 | $473 |
| **Income per common share attributable to Masco Corporation:** | **Income per common share attributable to Masco Corporation:** | **Income per common share attributable to Masco Corporation:** | **Income per common share attributable to Masco Corporation:** |  |
| &nbsp;&nbsp;&nbsp;Basic: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $1.29 | $1.18 | $2.16 | $2.15 |
| &nbsp;&nbsp;&nbsp;Diluted: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $1.28 | $1.17 | $2.15 | $2.14 |

---

See notes to condensed consolidated financial statements.

Amounts may not add due to rounding.

------

**MASCO CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)**

**For the Three and Six Months Ended June 30, 2025 and 2024** 

**(In Millions)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **2025** | **2024** |
| Net income | $283 | $272 | $482 | $501 |
| &nbsp;&nbsp;&nbsp;Less: Net income attributable to noncontrolling interest | 13 | 14 | 25 | 28 |
| &nbsp;&nbsp;&nbsp;Net income attributable to Masco Corporation | $270 | $258 | $456 | $473 |
| &nbsp;&nbsp;&nbsp;Other comprehensive income (loss), net of tax: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Currency translation adjustment | $77 | $(10) | $112 | $(34) |
| &nbsp;&nbsp;&nbsp;&nbsp;Pension and other post-retirement benefits |  |  | 1 | 1 |
| &nbsp;&nbsp;&nbsp;Other comprehensive income (loss), net of tax | 77 | (10) | 112 | (33) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Other comprehensive income (loss) attributable to noncontrolling interest | 16 | (1) | 25 | (7) |
| &nbsp;&nbsp;&nbsp;Other comprehensive income (loss) attributable to Masco Corporation | $61 | $(9) | $88 | $(27) |
| &nbsp;&nbsp;&nbsp;Total comprehensive income | $360 | $262 | $594 | $467 |
| &nbsp;&nbsp;&nbsp;Less: Total comprehensive income attributable to noncontrolling interest | 29 | 13 | 50 | 22 |
| Total comprehensive income attributable to Masco Corporation | $332 | $249 | $544 | $446 |

---

See notes to condensed consolidated financial statements.

Amounts may not add due to rounding.

------

**MASCO CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)**

**For the Six Months Ended June 30, 2025 and 2024** 

**(In Millions)**

---

| | | |
|:---|:---|:---|
| | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** |
| **CASH FLOWS FROM (FOR) OPERATING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;Cash provided by operations | $606 | $648 |
| &nbsp;&nbsp;&nbsp;Increase in receivables | (271) | (265) |
| &nbsp;&nbsp;&nbsp;Increase in inventories | (133) | (43) |
| &nbsp;&nbsp;&nbsp;Decrease in accounts payable and accrued liabilities, net | (55) | (87) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash from operating activities | 148 | 252 |
| **CASH FLOWS FROM (FOR) FINANCING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;Purchase of Company common stock | (231) | (290) |
| &nbsp;&nbsp;&nbsp;Excise tax paid on the purchase of Company common stock | (6) |  |
| &nbsp;&nbsp;&nbsp;Cash dividends paid | (132) | (128) |
| &nbsp;&nbsp;&nbsp;Purchase of redeemable noncontrolling interest |  | (15) |
| &nbsp;&nbsp;&nbsp;Dividends paid to noncontrolling interest | (15) | (12) |
| &nbsp;&nbsp;&nbsp;Proceeds from revolving credit borrowings, net | 46 |  |
| &nbsp;&nbsp;&nbsp;Proceeds from the exercise of stock options | 2 | 75 |
| &nbsp;&nbsp;&nbsp;Employee withholding taxes paid on stock-based compensation | (8) | (33) |
| &nbsp;&nbsp;&nbsp;Decrease in debt, net | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash for financing activities | (344) | (404) |
| **CASH FLOWS FROM (FOR) INVESTING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;Capital expenditures | (68) | (74) |
| &nbsp;&nbsp;&nbsp;Acquisition of business |  | (4) |
| &nbsp;&nbsp;&nbsp;Other, net | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash for investing activities | (70) | (80) |
| Effect of exchange rate changes on cash and cash investments | 22 | (5) |
| **CASH AND CASH INVESTMENTS:** |  |  |
| &nbsp;&nbsp;&nbsp;Decrease for the period | (243) | (236) |
| &nbsp;&nbsp;&nbsp;At January 1 | 634 | 634 |
| &nbsp;&nbsp;&nbsp;At June 30 | $390 | $398 |

---

See notes to condensed consolidated financial statements.

Amounts may not add due to rounding.

------

**MASCO CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited)** 

**For the Three and Six Months Ended June 30, 2025 and 2024** 

**(In Millions, Except Per Common Share Data)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Total** | **Common Shares**<br>**($1 par value)** | **Paid-In Capital** | **Retained (Deficit) Earnings** | **Accumulated Other Comprehensive Income (Loss)** | **Noncontrolling Interest** |
| **Balance, January 1, 2024** | $98 | $221 | $— | $(596) | $249 | $224 |
| Total comprehensive income (loss) | 205 |  |  | 215 | (18) | 8 |
| Shares issued | 56 | 2 | 54 |  |  |  |
| Shares retired: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchased | (148) | (2) | (77) | (68) |  |  |
| &nbsp;&nbsp;&nbsp;Surrendered (non-cash) | (14) |  |  | (13) |  |  |
| Cash dividends declared | (64) |  |  | (64) |  |  |
| Redemption of redeemable noncontrolling interest | 4 |  | 4 |  |  |  |
| Stock-based compensation | 20 |  | 20 |  |  |  |
| **Balance, March 31, 2024** | $157 | $220 | $— | $(527) | $231 | $232 |
| Total comprehensive income (loss) | 262 |  |  | 258 | (9) | 13 |
| Shares retired: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchased | (144) | (2) | (8) | (134) |  |  |
| Cash dividends declared | (64) |  |  | (64) |  |  |
| Dividends declared to noncontrolling interest | (37) |  |  |  |  | (37) |
| Stock-based compensation | 8 |  | 8 |  |  |  |
| **Balance, June 30, 2024** | $182 | $218 | $— | $(467) | $223 | $208 |

---

------

**MASCO CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Concluded)**

**For the Three and Six Months Ended June 30, 2025 and 2024** 

**(In Millions, Except Per Common Share Data)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Total** | **Common Shares**<br>**($1 par value)** | **Paid-In Capital** | **Retained (Deficit) Earnings** | **Accumulated Other Comprehensive Income** | **Noncontrolling Interest** |
| **Balance, January 1, 2025** | $(53) | $212 | $— | $(693) | $201 | $227 |
| Total comprehensive income | 234 |  |  | 186 | 27 | 21 |
| Shares issued | 2 |  | 1 |  |  |  |
| Shares retired: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchased | (131) | (2) | (18) | (111) |  |  |
| &nbsp;&nbsp;&nbsp;Surrendered (non-cash) | (8) |  |  | (8) |  |  |
| Cash dividends declared | (66) |  |  | (66) |  |  |
| Stock-based compensation | 17 |  | 17 |  |  |  |
| **Balance, March 31, 2025** | $(6) | $211 | $— | $(693) | $228 | $248 |
| Total comprehensive income | 360 |  |  | 270 | 61 | 29 |
| Shares retired: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchased | (102) | (2) | (5) | (95) |  |  |
| Cash dividends declared | (65) |  |  | (65) |  |  |
| Dividends declared to noncontrolling interest | (42) |  |  |  |  | (42) |
| Stock-based compensation | 5 |  | 5 |  |  |  |
| **Balance, June 30, 2025** | $150 | $209 | $— | $(583) | $289 | $234 |

---

See notes to condensed consolidated financial statements.

Amounts may not add due to rounding.

------

**MASCO CORPORATION**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)** 

**A. ACCOUNTING POLICIES**

In our opinion, the accompanying unaudited condensed consolidated financial statements contain all adjustments, of a normal recurring nature, necessary to fairly state our financial position at June 30, 2025, our results of operations and comprehensive income (loss) for the three and six months ended June 30, 2025 and 2024, cash flows for the six months ended June 30, 2025 and 2024 and changes in shareholders' equity for the three and six months ended June 30, 2025 and 2024. The condensed consolidated balance sheet at December 31, 2024 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted ("GAAP") in the United States of America. Within the financial statements and tables presented, certain columns and rows may not add due to the use of rounded numbers for disclosure purposes.

**Recently Adopted Accounting Pronouncements.** In December 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures," which requires additional income tax disclosures, particularly regarding the effective tax rate reconciliation and income taxes paid. We adopted this standard for annual periods beginning January 1, 2025. The adoption of this guidance will modify our annual disclosures, but will not have an impact on our financial position and results of operations.

In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures," which requires additional disclosures regarding an entity's reportable segments, particularly regarding significant segment expenses, as well as information relating to the chief operating decision maker. We adopted this standard on a retrospective basis for annual periods beginning January 1, 2024, and for interim periods beginning in 2025. The adoption of this guidance modified our disclosures, but did not have an impact on our financial position and results of operations.

**Recently Issued Accounting Pronouncements**. In November 2024, the FASB issued ASU 2024-03, "Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses," which requires additional disclosure of the nature of expenses included in the income statement. ASU 2024-03 is effective on a prospective or retrospective basis for annual periods beginning January 1, 2027, and interim periods within those annual periods beginning January 1, 2028. Early adoption is permitted. The adoption of this guidance will modify our disclosures, but will not have an impact on our financial position and results of operations.

**B. ACQUISITIONS**

In the first quarter of 2021, our Hansgrohe SE subsidiary acquired a 75.1 percent equity interest in Easy Sanitary Solutions B.V. ("ESS"). The remaining 24.9 percent equity interest in ESS was subject to a call and put option that was exercisable by Hansgrohe SE or the sellers, respectively, any time after December 31, 2023. The redemption value of the call and put option was the same and based on a floating EBITDA value. The call and put options were determined to be embedded within the redeemable noncontrolling interest and were recorded as temporary equity in the condensed consolidated balance sheets. We elected to adjust the redeemable noncontrolling interest to its full redemption amount directly into retained deficit.

In the first quarter of 2024, the sellers exercised their put option to sell the remaining 24.9 percent equity interest in ESS for €13 million ($15 million). The transaction was accounted for as an equity purchase transaction.

**C. DIVESTITURES**

In the third quarter of 2024, we sold our Kichler Lighting ("Kichler") business, a provider of decorative residential and light commercial lighting products, ceiling fans, and LED lighting system. The sale of Kichler did not represent a strategic shift that will have a major effect on our operations and financial results and therefore was not presented as discontinued operations. Prior to the divestiture, the results of the business were included in our Decorative Architectural Products segment.

------

**MASCO CORPORATION**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)**

**D. REVENUE**

Our revenues are derived from sales to customers in the following geographic areas: North America and International, which are particularly in Europe. Net sales from these geographic areas, by segment, were as follows, in millions:

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** |
| | **Plumbing Products** | **Decorative Architectural Products** | **Total** |
| &nbsp;&nbsp;&nbsp;Primary geographic areas: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;North America | $899 | $738 | $1638 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | 413 |  | 413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $1312 | $738 | $2051 |
|  | **Six Months Ended June 30, 2025** | **Six Months Ended June 30, 2025** | **Six Months Ended June 30, 2025** |
|  | **Plumbing Products** | **Decorative Architectural Products** | **Total** |
| &nbsp;&nbsp;&nbsp;Primary geographic areas: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;North America | $1695 | $1355 | $3049 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | 802 |  | 802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $2497 | $1355 | $3852 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended June 30, 2024** | **Three Months Ended June 30, 2024** | **Three Months Ended June 30, 2024** |
| | **Plumbing Products** | **Decorative Architectural Products** | **Total** |
| &nbsp;&nbsp;&nbsp;Primary geographic areas: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;North America | $857 | $838 | $1695 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | 397 |  | 397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $1253 | $838 | $2091 |
|  | **Six Months Ended June 30, 2024** | **Six Months Ended June 30, 2024** | **Six Months Ended June 30, 2024** |
|  | **Plumbing Products** | **Decorative Architectural Products** | **Total** |
| &nbsp;&nbsp;&nbsp;Primary geographic areas: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;North America | $1648 | $1572 | $3220 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | 797 |  | 797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $2445 | $1572 | $4017 |

---

We recognized $1 million and $4 million of revenue for the three months ended June 30, 2025 and 2024, respectively, related to performance obligations settled in previous quarters of the same year. We recognized $1 million of revenue and reversed $1 million of revenue for the three and six months ended June 30, 2025, respectively, and recognized $2 million of revenue for both the three and six months ended June 30, 2024, related to performance obligations settled in previous years.

Our contract asset balance was $2 million at both June 30, 2025 and December 31, 2024. Our contract liability balance was $16 million and $45 million at June 30, 2025 and December 31, 2024, respectively.

------

**MASCO CORPORATION**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)**

**D. REVENUE (Concluded)**

Changes in the allowance for credit losses deducted from accounts receivable were as follows, in millions:

---

| | | |
|:---|:---|:---|
| | **Six Months Ended June 30, 2025** | **Twelve Months Ended December 31, 2024** |
| Balance at January 1 | $10 | $11 |
| &nbsp;&nbsp;&nbsp;Provision for expected credit losses during the period | 3 | 4 |
| &nbsp;&nbsp;&nbsp;Write-offs charged against the allowance | (2) | (6) |
| &nbsp;&nbsp;&nbsp;Recoveries of amounts previously written off | 1 | 2 |
| Balance at end of period | $13 | $10 |

---

**E. INVENTORIES**

The components of inventory were as follows, in millions:

---

| | | |
|:---|:---|:---|
| | **At June 30, 2025** | **At December 31, 2024** |
| Finished goods | $639 | $541 |
| Raw materials | 352 | 300 |
| Work in process | 106 | 97 |
| &nbsp;&nbsp;&nbsp;Total | $1097 | $938 |

---

**F. GOODWILL AND OTHER INTANGIBLE ASSETS**

Goodwill at June 30, 2025, by segment, was as follows, in millions:

---

| | | | |
|:---|:---|:---|:---|
| | **Gross Goodwill At June 30, 2025** | **Accumulated Impairment Losses** | **Net Goodwill At June 30, 2025** |
| Plumbing Products | $691 | $(301) | $391 |
| Decorative Architectural Products | 305 | (75) | 230 |
| &nbsp;&nbsp;&nbsp;Total | $997 | $(376) | $621 |

---

The changes in the carrying amount of goodwill for the six months ended June 30, 2025, by segment, were as follows, in millions:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Gross Goodwill At December 31, 2024** | **Accumulated Impairment Losses** | **Net Goodwill At December 31, 2024** | **Foreign Currency Translation** | **Net Goodwill At June 30, 2025** |
| Plumbing Products | $667 | $(301) | $367 | $24 | $391 |
| Decorative Architectural Products | 305 | (75) | 230 |  | 230 |
| &nbsp;&nbsp;&nbsp;Total | $973 | $(376) | $597 | $24 | $621 |

---

The carrying value of our other indefinite-lived intangible assets was $82 million and $79 million at June 30, 2025 and December 31, 2024, respectively, and principally included registered trademarks. The carrying value of our definite-lived intangible assets was $137 million (net of accumulated amortization of $104 million) at June 30, 2025 and $140 million (net of accumulated amortization of $102 million) at December 31, 2024, and principally included customer relationships.

------

**MASCO CORPORATION**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)**

**G. SUPPLIER FINANCE PROGRAM**

We facilitate a voluntary supply chain finance program (the "program") to provide certain of our suppliers with the opportunity to sell receivables due from us to participating financial institutions at the sole discretion of both the suppliers and the financial institutions. The amounts confirmed as valid under the program were $44 million and $36 million at June 30, 2025 and December 31, 2024, respectively. Of the amounts confirmed as valid under the program, the amounts owed to participating financial institutions were $26 million and $23 million at June 30, 2025 and December 31, 2024, respectively.

**H. DEBT**

On April 26, 2022, we entered into a revolving credit agreement (the "2022 Credit Agreement") with an aggregate commitment of $1.0 billion and a maturity date of April 26, 2027. Under the 2022 Credit Agreement, at our request and subject to certain conditions, we can increase the aggregate commitment up to an additional $500 million with the current lenders or new lenders.

The 2022 Credit Agreement provides for an unsecured revolving credit facility available to us and one of our foreign subsidiaries in U.S. dollars, European euros, British pounds sterling and certain other currencies for revolving credit loans, swingline loans and letters of credit. Borrowings under the revolving credit loans denominated in any agreed upon currency other than U.S. dollars are limited to the equivalent of $500 million. We can also borrow swingline loans up to $125 million and obtain letters of credit of up to $25 million. Outstanding letters of credit under the 2022 Credit Agreement reduce our borrowing capacity and we had no outstanding letters of credit under the 2022 Credit Agreement at June 30, 2025.

The 2022 Credit Agreement contains financial covenants requiring us to maintain (A) a net leverage ratio, as adjusted for certain items, not exceeding 4.0 to 1.0, and (B) an interest coverage ratio, as adjusted for certain items, not less than 2.5 to 1.0.

In order for us to borrow under the 2022 Credit Agreement, there must not be any default in our covenants in the 2022 Credit Agreement (i.e., in addition to the two financial covenants described above, principally limitations on subsidiary debt, negative pledge restrictions, and requirements relating to legal compliance, maintenance of our properties and insurance) and our representations and warranties in the 2022 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, 2021, no material ERISA or environmental non-compliance, and no material tax deficiency). We were in compliance with all covenants and $46 million was borrowed and outstanding at a weighted average interest rate of 5.551% at June 30, 2025. Subsequent to June 30, 2025, the entire borrowing was repaid.

**Fair Value of Debt.** The fair value of our short-term and long-term fixed-rate debt instruments is based principally upon modeled market prices for the same or similar issues, which are Level 1 inputs. The aggregate estimated market value of our short-term and long-term debt at June 30, 2025 was approximately $2.7 billion, compared with the aggregate carrying value of $3.0 billion. The aggregate estimated market value of our short-term and long-term debt at December 31, 2024 was approximately $2.6 billion, compared with the aggregate carrying value of $3.0 billion.

------

**MASCO CORPORATION**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)**

**I. SEGMENT INFORMATION**

Information by segment was as follows, in millions:

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** |
| | **Plumbing Products** | **Decorative Architectural Products** | **Total** |
| Net sales **(A)** | $1312 | $738 | $2051 |
| Operating expenses **(B)** | 1030 | 576 |  |
| Corporate expenses **(C)** | 8 | 5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Segment operating profit | $275 | $157 | $432 |
| General corporate expense, net **(C)** |  |  | (20) |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating profit |  |  | 412 |
| Other income (expense), net |  |  | (33) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes |  |  | $378 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Six Months Ended June 30, 2025** | **Six Months Ended June 30, 2025** | **Six Months Ended June 30, 2025** |
| | **Plumbing Products** | **Decorative Architectural Products** | **Total** |
| Net sales **(A)** | $2497 | $1355 | $3852 |
| Operating expenses **(B)** | 1987 | 1090 |  |
| Corporate expenses **(C)** | 18 | 11 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Segment operating profit | $492 | $253 | $745 |
| General corporate expense, net **(C)** |  |  | (47) |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating profit |  |  | 698 |
| Other income (expense), net |  |  | (66) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes |  |  | $632 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended June 30, 2024** | **Three Months Ended June 30, 2024** | **Three Months Ended June 30, 2024** |
| | **Plumbing Products** | **Decorative Architectural Products** | **Total** |
| Net sales **(A)** | $1253 | $838 | $2091 |
| Operating expenses **(B)** | 996 | 658 |  |
| Corporate expenses **(C)** | 11 | 6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Segment operating profit | $247 | $174 | $421 |
| General corporate expense, net **(C)** |  |  | (24) |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating profit |  |  | 397 |
| Other income (expense), net |  |  | (31) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes |  |  | $366 |

---

------

**MASCO CORPORATION**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)**

**I. SEGMENT INFORMATION (Concluded)**

---

| | | | |
|:---|:---|:---|:---|
| | **Six Months Ended June 30, 2024** | **Six Months Ended June 30, 2024** | **Six Months Ended June 30, 2024** |
| | **Plumbing Products** | **Decorative Architectural Products** | **Total** |
| Net sales **(A)** | $2445 | $1572 | $4017 |
| Operating expenses **(B)** | 1950 | 1258 |  |
| Corporate expenses **(C)** | 23 | 15 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Segment operating profit | $472 | $299 | $771 |
| General corporate expense, net **(C)** |  |  | (55) |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating profit |  |  | 715 |
| Other income (expense), net |  |  | (61) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes |  |  | $655 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Property Additions** | **Property Additions** | **Property Additions** | **Property Additions** |
|  | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Plumbing Products | $26 | $32 | $52 | $51 |
| Decorative Architectural Products | 9 | 11 | 15 | 23 |
| Corporate | 1 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $36 | $44 | $68 | $74 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Depreciation and Amortization** | **Depreciation and Amortization** | **Depreciation and Amortization** | **Depreciation and Amortization** |
|  | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Plumbing Products | $27 | $27 | $52 | $53 |
| Decorative Architectural Products | 7 | 9 | 15 | 19 |
| Corporate | 2 | 2 | 4 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $36 | $38 | $71 | $76 |

---

---

| | | |
|:---|:---|:---|
| | **Assets** | **Assets** |
| | **At June 30, 2025** | **At December 31, 2024** |
| Plumbing Products | $3461 | $3131 |
| Decorative Architectural Products | 1590 | 1435 |
| Corporate | 237 | 450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $5288 | $5016 |

---

**(A)**Intra-company sales between segments were not material and have been excluded from net sales.

**(B)**Operating expenses included cost of sales and selling, general and administrative expenses.

**(C)**Corporate expenses included specific corporate overhead allocated to each segment. General corporate expense, net included those expenses not specifically attributable to our segments.

------

**MASCO CORPORATION**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)**

**J. INCOME TAXES** 

Our effective tax rate was 25 percent and 26 percent for the three months ended June 30, 2025 and 2024, respectively, and was 24 percent for both the six months ended June 30, 2025 and 2024.

On July 4, 2025, the One Big Beautiful Bill Act (the "Act") was enacted. While we are still evaluating the potential implications of the Act, we currently do not anticipate it will have a material effect on our effective tax rate.

**K. INCOME PER COMMON SHARE** 

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **2025** | **2024** |
| Numerator (basic and diluted): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income | $270 | $258 | $456 | $473 |
| &nbsp;&nbsp;&nbsp;Less: Allocation to unvested restricted stock awards |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income attributable to common shareholders | $270 | $258 | $456 | $473 |
| Denominator: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic common shares (based upon weighted average) | 210 | 219 | 211 | 220 |
| &nbsp;&nbsp;&nbsp;Add: Dilutive effect of stock options and other stock-based incentives |  |  |  | 1 |
| &nbsp;&nbsp;&nbsp;Diluted common shares | 211 | 220 | 212 | 221 |

---

For the three and six months ended June 30, 2025, basic and diluted income per common share were calculated using the treasury stock method. For the three and six months ended June 30, 2024, we allocated dividends and undistributed earnings to the unvested restricted stock awards.

The following stock options, restricted stock units and performance restricted stock units were excluded from the computation of weighted-average diluted common shares outstanding due to their anti-dilutive effect, in thousands:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **2025** | **2024** |
| Number of stock options | 403 | 201 | 355 | 150 |
| Number of restricted stock units | 295 |  | 120 |  |
| Number of performance restricted stock units | 47 |  | 47 |  |

---

Effective October 20, 2022, our Board of Directors authorized the repurchase, for retirement, of up to $2.0 billion of shares of our common stock, exclusive of excise tax, in open-market transactions or otherwise. During the six months ended June 30, 2025, we repurchased and retired approximately 3.4 million shares of our common stock (including 0.3 million shares to offset the dilutive impact of restricted stock units granted in the six months ended June 30, 2025) for approximately $233 million, inclusive of excise tax of $2 million. At June 30, 2025, we had approximately $666 million remaining under the 2022 authorization.

------

**MASCO CORPORATION**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Concluded)**

**K. INCOME PER COMMON SHARE (Concluded)**

We have declared and paid cash dividends per common share of $0.31 and $0.62 for the three and six months ended June 30, 2025, respectively, and $0.29 and $0.58 for the three and six months ended June 30, 2024, respectively.

**L. OTHER COMMITMENTS AND CONTINGENCIES** 

**Litigation.** We are involved in claims and litigation, including class actions, mass torts and regulatory proceedings, which arise in the ordinary course of our business. The types of matters may include, among others: advertising, competition, contract, data privacy, employment, environmental, insurance coverage, intellectual property, personal injury, product compliance, product liability, securities and warranty. We are also subject to product safety regulations, product recalls and direct claims for product liabilities. We believe the likelihood that the outcome of these claims, litigation and product safety 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 or penalties, enter into settlements of claims or revise our expectations regarding the outcome of these matters, which could materially impact our results of operations.

**Warranty.** Changes in our warranty liability were as follows, in millions:

---

| | | |
|:---|:---|:---|
| | **Six Months Ended June 30, 2025** | **Twelve Months Ended December 31, 2024** |
| Balance at January 1 | $81 | $83 |
| &nbsp;&nbsp;Accruals for warranties issued during the period | 18 | 38 |
| &nbsp;&nbsp;Accruals related to pre-existing warranties | 6 | 8 |
| &nbsp;&nbsp;Settlements made (in cash or kind) during the period | (20) | (43) |
| &nbsp;&nbsp;Other, net (including currency translation and divestitures) | 2 | (4) |
| Balance at end of period | $86 | $81 |

---

------

---

| |
|:---|
| **MASCO CORPORATION** |
| **Item 2.** |
| **MANAGEMENT'S DISCUSSION AND ANALYSIS OF** |
| **FINANCIAL CONDITION AND RESULTS OF OPERATIONS** |

---

**Overview**

Due to changing market conditions, we are experiencing, and may continue to experience, lower market demand for our products. We have been experiencing, and may continue to experience, elevated commodity and other input costs, as well as employee-related cost inflation. Additionally, we expect the recently-enacted and announced tariffs, particularly those related to China, to result in significantly higher costs to us, principally in our Plumbing Products segment. We seek to mitigate the impact of higher tariffs and other unfavorable impact to our costs over time with pricing, cost savings initiatives, sourcing changes, and other activities. Consumer demand for our products, however, could further diminish if consumer confidence erodes and the price of our products and other consumer goods increases.

We continue to execute our strategies of leveraging our strong brand portfolio, our industry-leading positions and the Masco Operating System, our methodology to drive growth and productivity, to create long-term shareholder value. We remain confident in the fundamentals of our business and long-term strategy. We believe that our strong financial position and cash flow generation, together with our investments in our industry-leading branded building products, our continued focus on innovation and customer service and disciplined capital allocation, will allow us to drive long-term growth and create value for our shareholders.

**SECOND QUARTER 2025 AND THE FIRST SIX MONTHS 2025 VERSUS SECOND QUARTER 2024 AND THE FIRST SIX MONTHS 2024**

**Consolidated Results of Operations**

We report our financial results in accordance with accounting principles generally accepted in the United States of America ("GAAP"). However, we believe that certain non-GAAP performance measures and ratios used in managing the business may provide users of this financial information with additional meaningful comparisons between current results and results in prior periods. Non-GAAP performance measures and ratios should be viewed in addition to, and not as an alternative for, our reported results under GAAP. Within the tables presented, certain columns and rows may not add due to the use of rounded numbers for disclosure purposes.

The following discussion of consolidated results of operations refers to the three and six months ended June 30, 2025 compared to the same periods of 2024.

**<u>NET SALES</u>**

Below is a summary of our net sales, in millions, for the three and six months ended June 30, 2025 and 2024:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **Change** | **2025** | **2024** | **Change** |
| Net sales, as reported | $2051 | $2091 | (2)% | $3852 | $4017 | (4)% |
| &nbsp;&nbsp;&nbsp;Divestitures |  | (66) |  |  | (124) |  |
| Net sales, excluding divestitures | 2051 | 2026 | 1% | 3852 | 3893 | (1)% |
| &nbsp;&nbsp;&nbsp;Currency translation | (15) |  |  | 3 |  |  |
| Net sales, excluding divestitures and the effect of currency translation | $2036 | $2026 | —% | $3855 | $3893 | (1)% |

---

------

Our net sales for the three months ended June 30, 2025 were $2,051 million, which decreased two percent compared to the three months ended June 30, 2024. Excluding divestitures and the effect of currency translation, net sales were flat primarily due to higher net selling prices of plumbing products which increased sales by two percent, partially offset by lower sales volume of paints and other coating products which decreased sales by one percent.

Our net sales for the six months ended June 30, 2025 were $3,852 million, which decreased four percent compared to the six months ended June 30, 2024. Excluding divestitures and the effect of currency translation, net sales decreased one percent. Our net sales for six months ended June 30, 2025 decreased primarily due to lower sales volume of paints and other coating products which decreased sales by two percent, partially offset by higher net selling prices of plumbing products which increased sales by one percent.

**<u>RESULTS OF OPERATIONS</u>**

Below is a summary of our results of operations for the three and six months ended June 30, 2025 and 2024:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **Favorable / (Unfavorable)** | **2025** | **2024** | **Favorable / (Unfavorable)** |
| Net sales | $2051 | $2091 | (2)% | $3852 | $4017 | (4)% |
| Cost of sales | (1278) | (1306) | 2% | (2435) | (2547) | 4% |
| Gross profit | $772 | $785 | (2)% | $1416 | $1470 | (4)% |
| &nbsp;&nbsp;*Gross margin* | *37.6 %* | *37.5 %* | *10 bps* | *36.8 %* | *36.6 %* | *20 bps* |
| Selling, general and administrative expenses | $(361) | $(388) | 7% | $(719) | $(755) | 5% |
| &nbsp;&nbsp;*Selling, general and administrative expenses as a percent of net sales* | *(17.6) %* | *(18.6) %* | *100 bps* | *(18.7) %* | *(18.8) %* | *10 bps* |
| Operating profit | $412 | $397 | 4% | $698 | $715 | (2)% |
| &nbsp;&nbsp;*Operating profit margin* | *20.1 %* | *19.0 %* | *110 bps* | *18.1 %* | *17.8 %* | *30 bps* |

---

*<u>Three Months Ended June 30, 2025</u>*

Our gross profit for the three months ended June 30, 2025 was $772 million, which decreased two percent, and was primarily impacted by higher commodity and tariff costs, three percent due to the divestiture of our Kichler Lighting ("Kichler") business, as well as an increase in other expenses, partially offset by five percent due to higher net selling prices of plumbing products, as well as cost savings initiatives.

Our selling, general and administrative expenses for the three months ended June 30, 2025 were $361 million, which decreased seven percent, and were impacted by four percent due to the divestiture of Kichler and two percent due to lower employee-related costs.

Our operating profit for the three months ended June 30, 2025 was $412 million, which increased four percent, and was impacted by lower selling, general and administrative expenses, partially offset by decreased gross profit.

------

*<u>Six Months Ended June 30, 2025</u>*

Our gross profit for the six months ended June 30, 2025 was $1,416 million, which decreased four percent, and was primarily impacted by higher commodity and tariff costs, three percent due to the divestiture of Kichler, two percent due to lower sales volume, as well as an increase in other expenses, partially offset by four percent due to higher net selling prices of plumbing products, as well as cost saving initiatives.

Our selling, general and administrative expenses for the six months ended June 30, 2025 were $719 million, which decreased five percent, and were impacted by the divestiture of Kichler.

Our operating profit for the six months ended June 30, 2025 was $698 million, which decreased two percent, and was impacted by decreased gross profit, partially offset by lower selling, general and administrative expenses.

**<u>OTHER INCOME (EXPENSE), NET</u>**

Below is a summary of our other income (expense), net, in millions, for the three and six months ended June 30, 2025 and 2024:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **Favorable / (Unfavorable)** | **2025** | **2024** | **Favorable / (Unfavorable)** |
| Interest expense | $(26) | $(26) | —% | $(52) | $(50) | (4)% |
| Other, net | (7) | (5) | (40)% | (14) | (10) | (40)% |
| Other income (expense), net | $(33) | $(31) | (6)% | $(66) | $(61) | (8)% |

---

**<u>INCOME TAXES</u>**

Below is a summary of our income tax expense, in millions, and our effective tax rate for the three and six months ended June 30, 2025 and 2024:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **Favorable / (Unfavorable)** | **2025** | **2024** | **Favorable / (Unfavorable)** |
| Income tax expense | $(95) | $(94) | (1)% | $(150) | $(154) | 3% |
| Effective tax rate | (25)% | (26)% | 100 bps | (24)% | (24)% | — bps |

---

**<u>NET INCOME AND INCOME PER COMMON SHARE - ATTRIBUTABLE TO MASCO CORPORATION</u>**

Below is a summary of our net income, in millions, and diluted income per common share for the three and six months ended June 30, 2025 and 2024:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
| | **2025** | **2024** | **Favorable / (Unfavorable)** | **2025** | **2024** | **Favorable / (Unfavorable)** |
| Net income | $270 | $258 | 5% | $456 | $473 | (4)% |
| Diluted income per common share | $1.28 | $1.17 | 9% | $2.15 | $2.14 | —% |

---

------

**Business Segment Results**

The following tables set forth our net sales and operating profit information by business segment, dollars in millions.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Percent Change** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Percent Change** |
| | **2025** | **2024** | **2025 vs. 2024** | **2025** | **2024** | **2025 vs. 2024** |
| **Net Sales:** |  |  |  |  |  |  |
| &nbsp;&nbsp;Plumbing Products | $1312 | $1253 | 5% | $2497 | $2445 | 2% |
| &nbsp;&nbsp;Decorative Architectural Products | 738 | 838 | (12)% | 1355 | 1572 | (14)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | $2051 | $2091 | (2)% | $3852 | $4017 | (4)% |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended June 30,** | **Three Months Ended June 30,** | **Percent Change** | **Six Months Ended June 30,** | **Six Months Ended June 30,** | **Percent Change** |
| | **2025** | **2024** | **2025 vs. 2024** | **2025** | **2024** | **2025 vs. 2024** |
| **Operating Profit:** |  |  |  |  |  |  |
| &nbsp;&nbsp;Plumbing Products | $275 | $247 | 11% | $492 | $472 | 4% |
| &nbsp;&nbsp;Decorative Architectural Products | 157 | 174 | (10)% | 253 | 299 | (15)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | $432 | $421 | 3% | $745 | $771 | (3)% |
| &nbsp;&nbsp;General corporate expense, net | (20) | (24) | (17)% | (47) | (55) | (15)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total operating profit** | $412 | $397 | 4% | $698 | $715 | (2)% |

---

The following discussion of business segment results refers to the three and six months ended June 30, 2025 compared to the same periods of 2024. Changes in operating profit in the following business segment results discussion exclude general corporate expense, net.

**<u>BUSINESS SEGMENT RESULTS DISCUSSION</u>**

<u>Plumbing Products</u>

*Sales*

Net sales in the Plumbing Products segment increased five percent and two percent for the three and six months ended June 30, 2025, respectively. In local currencies (including sales in currencies outside their respective functional currencies), net sales increased four percent and two percent for the three and six months ended June 30, 2025, respectively. For the three months and six months ended June 30, 2025, higher net selling prices increased sales by three percent and two percent, respectively.

*Operating Results*

Operating profit in the Plumbing Products segment for the three and six months ended June 30, 2025 was positively impacted by higher net selling prices and cost savings initiatives. For the three months ended June 30, 2025, these amounts were partially offset by higher commodity and tariff costs and an increase in other expenses. For the six months ended June 30, 2025, these amounts were partially offset by higher commodity and tariff costs, higher marketing costs, unfavorable sales mix, and an increase in other expenses.

------

<u>Decorative Architectural Products</u>

*Sales*

Net sales in the Decorative Architectural Products segment decreased 12 percent and 14 percent for the three and six months ended June 30, 2025, respectively. The divestiture of our Kichler business decreased sales by eight percent for both periods and lower sales volume decreased sales by four percent and five percent for the three and six months ended June 30, 2025, respectively.

*Operating Results*

Operating profit in the Decorative Architectural Products segment for the three and six months ended June 30, 2025 was negatively impacted by lower sales volume and higher commodity costs, partially offset by cost saving initiatives.

**Liquidity and Capital Resources** 

<u>Overview of Capital Structure</u>

We had cash and cash investments of approximately $390 million and $634 million at June 30, 2025 and December 31, 2024, respectively. Our cash and cash investments consist of overnight interest bearing money market demand accounts, time deposit accounts, and money market mutual funds containing government securities and treasury obligations. While we attempt to diversify these investments in a prudent manner to minimize risk, it is possible that future changes in the financial markets could affect the security or availability of these investments. Of the cash and cash investments we held at June 30, 2025 and December 31, 2024, $276 million and $321 million, respectively, was held in our foreign subsidiaries. If these funds were needed for our operations in the U.S., their repatriation into the U.S. would not result in significant additional U.S. income tax or foreign withholding tax, as we have recorded such taxes on substantially all undistributed foreign earnings, except for those that are legally restricted.

We believe that our present cash balance and cash flows from operations, and borrowing availability under our revolving credit agreement, are sufficient to fund our near-term working capital and other investment needs. We believe that our longer-term working capital and other general corporate requirements will be satisfied through cash flows from operations and, to the extent necessary, from bank borrowings and future financial market activities. However, due to the changing market conditions and its impact on our customers and suppliers, we are unable to fully estimate the extent of the impact that the changing market conditions may have on our future financial condition.

<u>Credit Agreement</u>

On April 26, 2022, we entered into a revolving credit agreement (the "2022 Credit Agreement") with an aggregate commitment of $1.0 billion and a maturity date of April 26, 2027.

Under the 2022 Credit Agreement, at our request and subject to certain conditions, we can increase the aggregate commitment up to an additional $500 million with the current lenders or new lenders. See Note H to the condensed consolidated financial statements for additional information.

The 2022 Credit Agreement contains financial covenants requiring us to maintain (A) a net leverage ratio, as adjusted for certain items, not exceeding 4.0 to 1.0, and (B) an interest coverage ratio, as adjusted for certain items, not less than 2.5 to 1.0. We were in compliance with all covenants and $46 million was borrowed and outstanding at a weighted average interest rate of 5.551% at June 30, 2025. Subsequent to June 30, 2025, the entire borrowing was repaid.

------

<u>Other Liquidity and Capital Resource Activities</u> 

As part of our ongoing efforts to improve our cash flow and related liquidity, we work with suppliers to optimize our terms and conditions, including extending payment terms. We also facilitate a voluntary supply chain finance program (the "program") to provide certain of our suppliers with the opportunity to sell receivables due from us to participating financial institutions at the sole discretion of both the suppliers and the financial institutions. The amounts confirmed as valid under the program and included in accounts payable were $44 million and $36 million at June 30, 2025 and December 31, 2024, respectively. Of the amounts confirmed as valid under the program, the amounts owed to participating financial institutions were $26 million and $23 million at June 30, 2025 and December 31, 2024, respectively. All payments made under the program are recorded as a decrease in accounts payable and accrued liabilities, net, in our condensed consolidated statements of cash flows. A downgrade in our credit rating or changes in the financial markets could limit the financial institutions' willingness to commit funds to, and participate in, the program. We do not believe such risk would have a material impact on our working capital or cash flows, as substantially all of our payments are made outside of the program.

<u>Share Repurchases</u>

Effective October 20, 2022, our Board of Directors authorized the repurchase, for retirement, of up to $2.0 billion of shares of our common stock, exclusive of excise tax, in open-market transactions or otherwise. During the six months ended June 30, 2025, we repurchased and retired approximately 3.4 million shares of our common stock (including 0.3 million shares to offset the dilutive impact of restricted stock units granted in the six months ended June 30, 2025) for approximately $233 million, inclusive of excise tax of $2 million. At June 30, 2025, we had approximately $666 million remaining under the 2022 authorization. Consistent with our past practice and as part of our long-term capital allocation strategy, outside of any potential acquisitions, we anticipate using at least $450 million of cash for share repurchases in 2025.

<u>Cash Flows</u>

For the six months ended June 30, 2025, net cash provided by operations was $148 million, primarily driven by operating profit, partially offset by changes in working capital.

For the six months ended June 30, 2025, net cash used for financing activities was $344 million, primarily due to $231 million for the repurchase and retirement of our common stock, $132 million for the payment of cash dividends, and $15 million for dividends paid to noncontrolling interest, partially offset by $46 million of net proceeds from revolving credit loan borrowings.

For the six months ended June 30, 2025, net cash used for investing activities was $70 million, primarily driven by $68 million of capital expenditures.

------

**Cautionary Statement Concerning Forward-Looking Statements**

This Report contains statements that reflect our views about our future performance and constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "outlook," "believe," "anticipate," "appear," "may," "will," "should," "intend," "plan," "estimate," "expect," "assume," "seek," "forecast," and similar references to future periods. Our views about future performance involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. We caution you against relying on any of these forward-looking statements.

Our future performance may be affected by the levels of residential repair and remodel activity, and to a lesser extent, new home construction, our ability to maintain our strong brands, to develop innovative products and respond to changing consumer purchasing practices and preferences, our ability to maintain our public image and reputation, our ability to maintain our competitive position in our industries, our reliance on key customers, the cost and availability of materials, our dependence on suppliers and service providers, extreme weather events and changes in climate, risks associated with our international operations and global strategies, the impact on demand, pricing and product costs resulting from tariffs, our ability to achieve the anticipated benefits of our strategic initiatives, our ability to successfully execute our acquisition strategy and integrate businesses that we have acquired and may in the future acquire, our ability to attract, develop and retain a talented and diverse workforce, risks associated with cybersecurity vulnerabilities, threats and attacks and risks associated with our reliance on information systems and technology.

These and other factors are discussed in detail in Item 1A. "Risk Factors" in our most recent Annual Report on Form 10-K, as well as in other filings we make with the Securities and Exchange Commission. Any forward-looking statement made by us speaks only as of the date on which it was made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Unless required by law, we undertake no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise.

------

---

| |
|:---|
| **MASCO CORPORATION** |
| **Item 4.** |
| **CONTROLS AND PROCEDURES** |

---

a.Evaluation of Disclosure Controls and Procedures.

The Company's Principal Executive Officer and Principal Financial Officer have concluded, based on an evaluation of the Company's disclosure controls and procedures (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) or 15d-15(e)) as required by paragraph (b) of Exchange Act Rules 13a-15 or 15d-15 that, as of June 30, 2025, the Company's disclosure controls and procedures were effective.

b.&nbsp;&nbsp;&nbsp;&nbsp;Changes in Internal Control over Financial Reporting.

In connection with the evaluation of the Company's internal control over financial reporting that occurred during the quarter ended June 30, 2025, which is required under the Securities Exchange Act of 1934 by paragraph (d) of Exchange Rules 13a-15 or 15d-15 (as defined in paragraph (f) of Rule 13a-15), management determined that there was no change that materially affected or is reasonably likely to materially affect internal control over financial reporting.

During the second quarter of 2025, we upgraded the enterprise resource planning system in one of our operating units within our Plumbing Products segment. The current system was upgraded to a newer version and was not in response to any identified deficiency or weakness in the Company's internal control over financial reporting.

------

**MASCO CORPORATION**

**PART II. OTHER INFORMATION**

**<u>Item 1</u>. <u>Legal Proceedings</u>**

Information regarding legal proceedings involving us is set forth in Note L to our condensed consolidated financial statements included in Part I, Item 1 of this Report and is incorporated herein by reference.

**<u>Item 1A</u>. <u>Risk Factors</u>**

There have been no material changes to the risk factors of the Company set forth in Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024.

**<u>Item 2</u>. <u>Unregistered Sales of Equity Securities and Use of Proceeds</u>**

The following table provides information regarding the repurchase of our common stock for the three months ended June 30, 2025 under the 2022 share repurchase authorization:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Period** | **Total Number Of Shares Purchased** | **Average Price Paid Per Common Share** | **Total Number Of Shares Purchased As Part Of Publicly Announced Plans or Programs** | **Maximum Value Of Shares That May Yet Be Purchased Under The Plans Or Programs** |
| &nbsp;&nbsp;&nbsp;4/1/25 - 4/30/25 | 769181 | $62.41 | 769181 | $718338214 |
| &nbsp;&nbsp;&nbsp;5/1/25 - 5/31/25 | 119195 | $62.93 | 119195 | $710837079 |
| &nbsp;&nbsp;&nbsp;6/1/25 - 6/30/25 | 715902 | $62.87 | 715902 | $665830484 |
| Total for the quarter | 1604278 | $62.65 | 1604278 | $665830484 |

---

**<u>Item 5</u>. <u>Other Information</u>**

*Rule 10b5-1 and Non-Rule 10b5-1 Trading Arrangements*

During the three months ended June 30, 2025, none of our officers or directors adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement.

------

**MASCO CORPORATION**

**PART II. OTHER INFORMATION, Continued**

**<u>Item 6.</u> <u>Exhibits</u>** 

---

| | |
|:---|:---|
| <u>[1](exhibit10a-hq_allmanxsever.htm)[0.a](exhibit10a-hq_allmanxsever.htm)</u> | Severance and Release Agreement dated July 8, 2025 between Masco Corporation and Keith J. Allman. |
| <u>[1](exhibit10b-nudixaircraftag.htm)[0.b](exhibit10b-nudixaircraftag.htm)</u> | Aircraft Time Sharing Agreement dated July 25, 2025 between Jonathon J. Nudi and Masco Corporation.  |
| <u>[31.a](masco-ex31ax63025.htm)</u> | Certification by Chief Executive Officer required by Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934. |
| <u>[31.b](masco-ex31bx63025.htm)</u> | Certification by Chief Financial Officer required by Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934. |
| <u>[32](masco-ex32x63025.htm)</u> | Certifications required by Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 and Section 1350 of Chapter 63 of Title 18 of the United States Code. |
| 101 | The following financial information from Masco Corporation's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, formatted in Inline XBRL: (i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Operations, (iii) the Condensed Consolidated Statements of Comprehensive Income (Loss), (iv) the Condensed Consolidated Statements of Cash Flows, (v) the Condensed Consolidated Statements of Shareholders' Equity, and (vi) Notes to Condensed Consolidated Financial Statements. |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101). |

---

------

**MASCO CORPORATION**

**PART II. OTHER INFORMATION, Concluded**

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | |
|:---|:---|
| **MASCO CORPORATION** | **MASCO CORPORATION** |
| By: | /s/ Richard J. Westenberg |
|  | Richard J. Westenberg<br>Vice President, Chief Financial Officer and Treasurer |

---

July 31, 2025

## Ex-10.A

**Exhibit 10.a**

**<u>SEVERANCE AGREEMENT AND RELEASE OF ALL LIABILITY</u>**

This Severance Agreement and Release of All Liability ("Agreement") is made as of July 8, 2025 (the "Agreement Date"), between Keith Allman ("Employee") and Masco Corporation, with a business address of 17450 College Parkway, Livonia, MI 48152 ("Masco").

<u>INTRODUCTION</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.Employee's employment with Masco shall end on July 6, 2025 in connection with his retirement from his position as Chief Executive Officer of Masco (the "Separation Date").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.Pursuant to this Agreement, Employee is eligible for certain payments and benefits as described herein (the "Severance Payments").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.Employee has had the opportunity to review this Agreement, has been encouraged to consult with legal counsel, if desired, in order to ascertain whether Employee has any potential rights or remedies that will be waived and released upon Employee's execution of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.Employee and Masco, without any admission of liability, desire to settle with finality, compromise, dispose of, and release all claims and demands of Employee which have been or could be asserted, whether arising out of Employee's employment, the termination of Employee's employment, or otherwise, as set forth herein.

<u>AGREEMENT</u>

In exchange for the consideration and mutual promises identified below (the adequacy and sufficiency of which being duly acknowledged), Employee and Masco agree as follows:

1.<u>Payment of Severance Payments</u>. Pursuant to this Agreement, Employee is eligible for the following Severance Payments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.A cash payment, which is equivalent to Employee's target 2025 annual cash bonus (the amount at target being $1,968,876 or 150.0% of Employee's base salary), prorated to reflect the number of days Employee was employed by Masco during 2025 through the Separation Date and subject to actual performance, and such payment shall be made in February 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.A cash payment, which is equivalent to Employee's target 2025 annual restricted stock unit grant (the amount at target being $2,001,690 or 152.5% of Employee's base salary), prorated to reflect the number of days Employee was employed by Masco during 2025 through the Separation Date, and such payment shall be made in February 2026; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.A share award under each of the long-term incentive programs ("LTIPs") (the 2023-2025 LTIP and 2024-2026 LTIP) in which Employee participates, prorated to reflect the number of months Employee was employed by Masco during the applicable performance period through the Separation Date; such share award

------

**Exhibit 10.a**

shall be calculated based on the target opportunity and base salary set forth in each LTIP agreement; provided that such awards shall be subject to achievement of the established performance goals for each LTIP. LTIP awards, if any, shall be made in February 2026 and February 2027, respectively;

*provided* that Employee does not revoke this Agreement pursuant to Paragraph 3.c. and continues to comply with Paragraph 2 below. Masco will pay Employee the Severance Payments consistent with this Agreement.

2.<u>Employee's Continuing Obligations</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.<u>Release</u>. Employee, individually, and on behalf of Employee's heirs, executors, administrators, successors and assigns, releases and forever discharges Masco, its parents, subsidiaries, affiliates, divisions, and, as to each of the aforementioned, their respective successors, predecessors, assigns, insurers, past and present owners, officers, directors, agents, current and former employees and independent contractors, all others for whom the parties released herein may be vicariously or otherwise liable, the attorneys and legal representatives of all those released herein, as well as the agents and employees of those attorneys and legal representatives, and any and all other persons, firms, companies, corporations and other legal entities (collectively referred to as the "Released Parties"), of and from all claims, demands, actions, causes of action, statutory rights, debts, suits, contracts, agreements, and liabilities of any kind, nature or description, direct or indirect, in law or in equity, in contract or in tort or otherwise, which Employee ever had or which Employee now has or hereafter can, shall or may have, against any of the Released Parties, for or by reason of any matter, cause, or thing whatsoever up to the date Employee executes this Agreement, whether known or unknown, suspected or unsuspected at the present time, or which may be based upon pre-existing acts, claims or events occurring at any time up to the present date which may or have resulted in damages, including without limitation all direct or indirect claims either for direct or consequential damages of any kind whatsoever and rights or claims arising under any and all federal, state or local statutes, ordinances and/or laws, including without limitation Title VII of the Civil Rights Act of 1964 ("Title VII"), the Equal Pay Act ("EPA"), the Genetic Information Nondiscrimination Act ("GINA"), the Age Discrimination in Employment Act ("ADEA"), the Older Workers Benefit Protection Act ("OWBPA"), the Family and Medical Leave Act ("FMLA"), the Americans with Disabilities Act ("ADA"), all claims under applicable state civil rights statutes, and all other claims and rights, whether in law or equity. It is the intention of the parties that this general release by Employee will be construed as broadly as possible, subject to the express limitations set forth below. Nothing in this Agreement, however, prohibits or prevents Employee from filing a charge with or participating, testifying or assisting in any investigation, hearing, whistleblower action or other proceeding, which cannot be waived, before any federal, state or local government agency (e.g., EEOC, NLRB, SEC, etc.), nor does anything in this Agreement preclude, prohibit or otherwise limit, in any way, Employee rights and abilities to contact, communicate with, report matters to or otherwise participate in any whistleblower program administered by any such agencies. However, to the maximum extent permitted by law, Employee agrees that if such an administrative claim is made, Employee shall not be entitled to recover any individual monetary relief or other individual remedies, except with respect to claims set forth in

------

**Exhibit 10.a**

Paragraph 2.g. Notwithstanding the above, Employee is not waiving: (a) Employee's right to make claims arising out of any acts or omissions of the Released Parties after the date Employee executes this Agreement; (b) any claim to vested amounts, benefits or entitlements under Masco's or its affiliates benefit plans, including, without limitation, under any defined contribution or defined benefit pension plan, supplemental executive retirement plan, benefits restoration plan; (c) any claim relating to directors' and officers' liability insurance coverage or any right of indemnification (including related advancement of expenses) under Masco's or any of its affiliates' organizational documents, an indemnification agreement with Masco or any of its affiliates or otherwise; (d) any claim to amounts owed under this Agreement (subject to its terms); or (e) Employee's rights as an equity or security holder in Masco or its affiliates; or (f) any claims which cannot be released by private agreement, including as set forth in Paragraph 2.g. below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.<u>Past Agreements Continue</u>. This Agreement does not release Employee of any ongoing obligations owed to Masco pursuant to the following agreements previously entered into with Masco:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.<u>Dispute Resolution Policy (DRP)</u>. Any dispute Employee might have against Released Parties, arising out of the terms of this Agreement or otherwise, will be resolved solely by use of the Dispute Resolution Policy, the terms of which are incorporated into this Agreement. By signing this Agreement, Employee certifies that Employee has had an opportunity to review the DRP and that Employee has signed an acknowledgement of receipt of that document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.<u>Proprietary Confidential Information and Invention Assignment Agreement</u>. Except as set forth in Paragraph 2.g. below, Employee agrees to comply with the Proprietary Confidential Information and Invention Assignment Agreement. That Proprietary Confidential Information and Invention Assignment Agreement, a copy of which has been provided to Employee, shall continue in full force and effect. By executing this Agreement, Employee certifies that all confidential, proprietary or trade secret information has been returned as required by Paragraph 1 of the Proprietary Confidential Information and Invention Assignment Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.<u>Terms and Conditions of Performance Restricted Stock Unit Awards</u>. Pursuant to the Masco Corporation 2023-2025 Long Term Incentive Program and the Masco Corporation 2024-2026 Long Term Incentive Program, each under the Masco Corporation 2014 Long Term Stock Incentive Plan (the "2014 Stock Plan"), and the Masco Corporation 2025-2027 Long Term Incentive Program under the 2024 Long Term Stock Incentive Plan (the "2024 Stock Plan"), the awards made in letters to Employee and the related Terms and Conditions of the program, Employee continues to be bound by the obligations described therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv.<u>Terms and Conditions of Restricted Stock Unit Awards</u>. Pursuant to the 2014 Stock Plan and the 2024 Stock Plan, the awards made in letters to Employee and the related Terms and Conditions of Restricted Stock Units under the 2014 Stock Plan and the 2024 Stock Plan, Employee continues to be bound by the obligations described therein.

------

**Exhibit 10.a**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.<u>Return of Property</u>. Employee agrees to return immediately any and all Masco property still in Employee's possession (including any and all property of its affiliates) of whatsoever kind and character, including, without limitation, keys, documents, computer software and hardware, discs and media, and policy and procedures manuals. However, Employee may retain copies of this Agreement, any document referenced in this Agreement and any other agreement, plan, program, policy or arrangement related to Employee's compensation, benefits or terms of employment with Masco and its affiliates, as well as contact information for Employee's personal and professional contacts (whether or not stored on Masco or its affiliates' computer systems or other devices); provided that Employee only uses such information consistent with his ongoing obligations to Masco.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.<u>Cooperation With Masco</u>. Employee agrees that in the defense or prosecution of any pending or future claim involving Masco or any of its current or former affiliates (collectively referred to as the "Company"), Employee will be available at reasonable times for the purpose of consultation, discovery and providing testimony. Employee will at all times be candid, honest, and forthright in discharging the duties contemplated by this Paragraph. If it becomes necessary for the Company to obtain the cooperation of Employee as contemplated herein, the Company will: (i) in good faith reasonably accommodate Employee's personal and work schedules, and (ii) reimburse reasonable expenses incurred by Employee, in connection with providing support and cooperation pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.<u>Non-Cooperation With Others</u>. Except to the extent permitted by applicable law, or Paragraph 2.g., Employee shall not encourage or, except as required by law, provide any information about the business, products, or employees of the Company to any person or entity to assert, maintain, or prosecute a claim or litigation against Company or its officers, directors, or employees. Employee further agrees that, if approached informally or subpoenaed by any person, company, attorney, or agent for any person or entity other than the Company, at any time regarding any matter, currently litigated or otherwise, involving the Company, its employees, its products, or its business, Employee will give prompt notice to the General Counsel of Masco Corporation, 17450 College Parkway, Livonia, MI 48152. Masco shall reimburse Employee for any reasonable expense incurred in connection with such notification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f.<u>No Disparagement</u>. Except as set forth in Paragraph 2.g. below, Employee agrees not to criticize, disparage or otherwise demean in any way Masco or its affiliates or their respective products, officers, directors or employees. This includes, but is not limited to, directly or indirectly providing disparaging comments to the media or disseminating them electronically, such as on any website or blog.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g.<u>Employee Protection</u>. Notwithstanding anything to the contrary herein, Employee understands that nothing in this Agreement or otherwise restricts or prohibits Employee from initiating communications directly with, responding to any inquiries from, providing testimony before, providing information concerning this Agreement, reporting possible violations of law or regulation to, or from filing a claim or assisting with an investigation directly with a self-regulatory authority or a government agency or entity, including the Securities Exchange Commission ("SEC") or from making other disclosures that are protected under the whistleblower provisions of state or federal law or regulation. The Company may not retaliate against the Employee for any of these activities, and nothing in this Agreement or otherwise requires

------

**Exhibit 10.a**

Employee to waive any monetary award or other payment that Employee might become entitled to from the SEC or any other government agency or entity pursuant to this Paragraph 2.g. Nothing in this Agreement or otherwise requires Employee to disclose any communications Employee may have had or may in the future have or information Employee may have had or may in the future have provided to the SEC or any government agency or entity regarding possible legal violations. Additionally, pursuant to 18 USC § 1833(b), an individual may not be held liable under any criminal or civil federal or state trade secret law for disclosure of a trade secret: (a) made in confidence to a government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law or (b) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Additionally, an individual suing an entity for retaliation based on the reporting of a suspected violation of law may disclose a trade secret to the individual's attorney and use the trade secret information in the court proceeding, so long as any document containing the trade secret is filed under seal and the individual does not disclose the trade secret except pursuant to court order. Nothing in this Agreement is intended to conflict with 18 USC § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 USC § 1833(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h.<u>Disclosure of Known Claims</u>. Employee represents and warrants that Employee has disclosed to Masco any and all facts within Employee's knowledge concerning any actual or potential claim against Masco, including but not limited to any and all claims arising out of federal, state or local law, or any claim resulting in or from a loss, theft or fraud against Masco, except with respect to claims set forth in Paragraph 2.g. above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.<u>No Actions Filed</u>. Employee represents that Employee has not filed any action, charge, suit, or claim against Masco with any federal, state, or local agency or court, and has not initiated any mediation or arbitration proceeding, except with respect to any action or otherwise set forth in Paragraph 2.g. above. Employee further agrees that Employee shall not receive or be entitled to any monetary damages, recovery, and/or relief of any type in connection with any charge, administrative action, or legal proceeding pursued by Employee, by any governmental agency, person, group, or entity regarding and/or relating to any claim(s) released pursuant to this Agreement, except with respect to any charge or otherwise set forth in Paragraph 2.g. above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j.<u>Consequence of Employee's Breach</u>. Employee acknowledges and agrees that if Employee breaches any obligation under this Agreement, Masco may immediately terminate any remaining payments and the provision of any other benefits that might otherwise be required by this Agreement. Any such termination by Masco shall not impair the validity or enforceability of the release provision of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k.<u>Additional Relief</u>. Employee acknowledges and agrees that Masco's remedy at law for a breach or threatened breach of any of the following provisions of this Agreement: <u>Employee's Continuing Obligations, Disclosure of Known Claims, No Disparagement, Proprietary Confidential Information and Invention Assignment Agreement, Cooperation with Masco, Non-Cooperation with Others</u> would be inadequate and, in recognition of this fact, in the event of a breach or threatened breach of any of these provisions, Employee agrees that, in addition to its remedy at law, and at Masco's option, all rights of Employee under Paragraph 1 of this

------

**Exhibit 10.a**

Agreement may be terminated, and Masco shall be entitled without posting any bond to obtain, and Employee agrees not to oppose a request for, equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available. Employee acknowledges that the granting of a temporary injunction, temporary restraining order or permanent injunction merely prohibiting the use of Proprietary Information would not be an adequate remedy upon breach or threatened breach hereof, and consequently agrees upon any such breach or threatened breach to the granting of injunctive relief prohibiting the design, development, manufacture, marketing or sale of products and providing of services of the kind designed, developed, manufactured, marketed, sold or provided by Masco or its affiliates as of the date of this Agreement. Nothing herein contained shall be construed as prohibiting Masco from pursuing, in addition, any other remedies available to it for such breach or threatened breach.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l.<u>Remedies Cumulative</u>. Employee acknowledges and agrees that the rights and remedies given to Masco in this Agreement shall be deemed cumulative, and the exercise of one such remedy shall not operate to bar the exercise of any other rights and remedies reserved to Masco or available at law or in equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m.<u>Employee Acknowledgments</u>. Employee specifically represents, warrants and confirms that, except as provided in clause (b) of this paragraph Employee: (a) has been properly paid for all hours worked for Masco; (b) has received all bonuses and other compensation due to Employee with the exception of Employee's final payroll check(s) for wages through and including the Separation Date, which will be paid at the time of separation, and other compensation that by its terms is due after the Separation Date pursuant to a written agreement between Employee and Masco; and (c) has not engaged in any unlawful conduct relating to the business of Masco.

3.<u>Miscellaneous Provisions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.<u>Termination of Welfare Benefit and Pension Plans</u>. As of the Separation Date, Employee shall cease to be an active participant under Masco's welfare benefit and pension plans (or the plans of any of Masco's affiliates) pursuant to the terms of those plans, and no additional benefits shall accrue to Employee. Employee waives any claim to such accrual of benefits beyond the Separation Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.<u>Time for Acceptance</u>. Employee has twenty-one days during which to consider this offer. Employee is not required to, but may, accept this Agreement by signing and dating it within twenty-one days. If Employee does not execute this Agreement within twenty-one days, then Masco's offer of this Agreement will be revoked, and it shall be deemed null and void.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.<u>Revocation/ Effective Date</u>. Employee understands that Employee may revoke this Agreement for a period of seven calendar days following the execution of this Agreement. Therefore, the Effective Date of this Agreement will be the eighth calendar day after Employee signs and dates the Agreement. Employee further understands that, to be effective, any revocation must be in writing and postmarked within seven calendar days of the date on which Employee signs and dates this Agreement, and that the revocation notice must be addressed to General Counsel, Masco Corporation, 17450 College Parkway, Livonia, MI 48152. If revocation is by

------

**Exhibit 10.a**

mail, Employee should send it by certified mail, return receipt requested in order to create proof of mailing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.<u>Withholding and Payroll Taxes</u>. Any and all payments to Employee under this Agreement are subject to applicable withholding and payroll taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.<u>Applicable Law</u>. This Agreement shall be governed by and construed in accordance with the laws of the State of Michigan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f.<u>Venue</u>. The parties agree that any dispute may only be commenced in the office of the American Arbitration Association nearest Livonia, Michigan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g.<u>Entire Agreement</u>. This Agreement, together with the other documents referenced herein, contains the parties' entire agreement relating to its subject matter and supersedes and replaces all other agreements and/or understandings between the parties relating to its subject matter, except as otherwise specifically stated herein; *provided* however, that the agreements identified in Paragraph 2.b. of this Agreement shall continue in full force and effect as provided in a manner consistent with Paragraph 2.b., as shall those terms in any and all other agreements, which by their terms survive the termination of employment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h.<u>Modifications</u>. This Agreement may not be modified except by a subsequent written agreement, executed by both parties, which specifically evidences an intent to modify the terms of this Agreement. Employee reaffirms Employee's agreement to comply with all such ongoing obligations. The terms of this Agreement are contractual and not a mere recital.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.<u>No Oral Representations</u>. Employee represents that no promise, inducement or agreement has been made between the parties regarding the subject matter of this agreement other than those specifically set forth in this Agreement, and that he has not relied on any oral statements of Masco or its representatives in deciding to sign this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j.<u>Knowing and Voluntary</u>. Employee represents that Employee fully understands the terms of this Agreement and is executing this Agreement voluntarily.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k.<u>Severability</u>. If any portion of this Agreement is ruled unenforceable, all remaining provisions shall remain valid and in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l.<u>Waiver of Breach</u>. The waiver by Masco of any breach of any provision of this Agreement shall not be construed or considered as a waiver of any subsequent breach.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m.<u>Headings</u>. The headings of each Paragraph are for convenience only and shall not affect the meaning or intent of any provision of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n.<u>Assignment</u>. Employee's obligations under this Agreement are not assignable, although Masco shall have the right to assign this Agreement. This Agreement shall be binding upon Employee's executors, heirs, estate, legal representatives, beneficiaries, and other successors in interest and shall inure to the benefit of Masco and its successors and assigns. All subsidiaries, affiliates, and successors in interest of or to Masco are intended to be third party beneficiaries of this Agreement.

------

**Exhibit 10.a**

**Masco Corporation**

By: <u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Renee Straber&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Renee Straber

Its: <u>Chief Human Resources Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Employee**

<u>/s/ Keith Allman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Employee Signature&nbsp;&nbsp;&nbsp;&nbsp;

<u>Keith Allman&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Employee Printed Name

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>July 8, 2025&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date Employee Signed

## Ex-10.B

**Exhibit 10.b**

**<u>AIRCRAFT TIME SHARING AGREEMENT</u>**

THIS **AIRCRAFT TIME SHARING AGREEMENT** is made and entered into this 25th day of July, 2025, by and between **MASCO CORPORATION**, a corporation organized and existing under the laws of the State of Delaware ("TIMESHAROR"), and **JONATHON J. NUDI** ("TIMESHAREE").

**WITNESSETH**:

**WHEREAS**, TIMESHAROR is the operator of the aircraft listed on attached Schedule I (the "Aircraft"); and

**WHEREAS**, TIMESHAREE desires use of the Aircraft from time to time; and

**WHEREAS**, TIMESHAROR desires to make the Aircraft available to TIMESHAREE for the above operations on a time sharing basis in accordance with § 91.501 of the Federal Aviation Regulations ("FARs").

**NOW THEREFORE**, in consideration of the mutual covenants herein set forth, the parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.*Provision of Aircraft*. TIMESHAROR agrees to provide the Aircraft to TIMESHAREE on a time sharing basis in accordance with the provisions of Sections 91.501(b)(6), 91.501(c)(1) and 91.501(d) of the FARs for the period commencing upon execution of this Agreement and continuing until terminated pursuant to Paragraph 15 below or by mutual agreement of the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.*Reimbursement of Expenses*. For each flight conducted under this Agreement, TIMESHAREE shall pay TIMESHAROR the amount billed by TIMESHAROR, which shall be an amount equal to the sum of the expenses of operating such flight to the extent prescribed by FAR 91.501(d), *i.e.* the sum of the expenses set forth in subparagraphs (a)-(j) below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)fuel, oil, lubricants and other additives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)travel expenses of the crew, including food, lodging and ground transportation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)hangar and tie-down costs away from the Aircraft's base of operation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)insurance obtained for the specific flight;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)landing fees, airport taxes and similar assessments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)customs, foreign permit and similar fees directly related to the flight;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)in-flight food and beverages;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)passenger ground transportation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)flight planning and weather contract services; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)an additional charge equal to one hundred percent (100%) of the expenses listed in subparagraph (a) above.

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**Exhibit 10.b**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.*Invoicing and Payment*. All payments to be made to TIMESHAROR by TIMESHAREE hereunder shall be paid in the manner set forth in this Paragraph 3. TIMESHAROR will pay to suppliers, employees, contractors and government entities all expenses related to the operations of the Aircraft hereunder in the ordinary course. As to each flight operated hereunder, TIMESHAROR shall provide to TIMESHAREE an invoice for the charges specified in Paragraph 2 of this Agreement (plus domestic or international air transportation excise taxes, as applicable, imposed by the Internal Revenue Code and collected by TIMESHAROR), such invoice to be issued as agreed to by the parties. TIMESHAREE shall pay TIMESHAROR the full amount of such invoice on terms agreeable to TIMESHAROR. Invoices shall be prepared by TIMESHAROR in a format reasonably acceptable to TIMESHAREE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.*Flight Requests*. TIMESHAREE will provide TIMESHAROR with flight requests and proposed flight schedules as far in advance as possible. Flight requests shall be in a form, whether oral or written, mutually convenient to and agreed upon by the parties. In addition to proposed schedules and departure times, TIMESHAREE shall provide at least the following information for each proposed flight reasonably in advance of the desired departure time as required by TIMESHAROR or its flight crew.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)departure point;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)destination;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)date and time of flight;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)number and identity of anticipated passengers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)nature and extent of luggage and/or cargo to be carried;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)date and time of return flight, if any, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)any other information concerning the proposed flight that may be pertinent to or reasonably required by TIMESHAROR or its flight crew.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.*Aircraft Scheduling*. TIMESHAROR shall have final authority over all scheduling of the Aircraft; provided, however, that TIMESHAROR will use reasonable efforts to accommodate TIMESHAREE's requests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.*Aircraft Maintenance*. TIMESHAROR shall be solely responsible for securing scheduled and unscheduled maintenance, preventive maintenance and required or otherwise necessary inspections of the Aircraft and shall take such requirements into account in scheduling the operation of the Aircraft. Performance of maintenance, preventive maintenance or inspection shall not be delayed or postponed due to any scheduled operation of the Aircraft unless such maintenance or inspection can safely be conducted at a later time in compliance with the sound discretion of the pilot-in-command.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.*Flight Crew*. TIMESHAROR shall employ, pay for and provide a qualified flight crew for all flight operations under this Agreement.

------

**Exhibit 10.b**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.*Operational Authority and Control*. TIMESHAROR shall be responsible for the physical and technical operation of the Aircraft and the safe performance of all flights and shall retain full authority and control, including exclusive operational control, and possession of the Aircraft at all times during the term of this Agreement. In accordance with applicable FARs, the qualified flight crew provided by TIMESHAROR will exercise all required and/or appropriate duties and responsibilities in regard to the safety of each flight conducted hereunder. The pilot- in-command shall have absolute discretion in all matters concerning the preparation of the Aircraft for flight and the flight itself, the load carried and its distribution, the decision whether or not a flight shall be undertaken, the route to be flown, the place where landings shall be made and all other matters relating to operation of the Aircraft. TIMESHAREE specifically agrees that the flight crew shall have final and complete authority to delay or cancel any flight for any reason or condition which, in sole judgment of the pilot-in-command, could compromise the safety of the flight and to take any other action which, in the sole judgment of the pilot-in-command, is necessitated by considerations of safety. No such action of the pilot-in-command shall create or support any liability to TIMESHAREE or any other person for loss, injury, damages or delay. The parties further agree that TIMESHAROR shall not be liable for delay or failure to furnish the Aircraft and crew pursuant to this Agreement where such failure is caused by government regulation or authority, mechanical difficulty or breakdown, war, civil commotion, strikes or labor disputes, weather conditions, acts of God or other circumstances beyond TIMESHAROR's reasonable control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.*Insurance*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)TIMESHAROR will maintain or cause to be maintained in full force and effect, throughout the term of this Agreement, aircraft liability insurance in respect to the Aircraft, naming TIMESHAREE as an additional insured, in an amount at least equal to $100,000,000 combined single limit for bodily injury to or death of persons (including passengers) and property damage liability. Such insurance shall include: (a) provision for thirty (30) days' prior written notice to TIMESHAREE before any lapse, alteration, termination or cancellation of insurance shall be effective as to TIMESHAREE; (ii) provisions whereby the insurer(s) irrevocably and unconditionally waive all rights of subrogation which they may have or acquire against TIMESHAREE; and (iii) a cross- liability clause to the effect that such insurance, except for the limits of liability, shall operate to give TIMESHAREE the same protection as if there were a separate policy issued to him.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)TIMESHAROR shall use its reasonable best efforts to procure such additional insurance coverage as TIMESHAREE may reasonably request naming TIMESHAREE as an insured; provided that the costs of such additional insurance shall be borne by TIMESHAREE pursuant to Paragraph 2(d) hereof.

------

**Exhibit 10.b**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.Warranties.&nbsp;&nbsp;&nbsp;&nbsp;TIMESHAREE warrants that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)he will use the Aircraft under this Agreement for his personal or business use, including the carriage of his guests, and will not use the Aircraft for purposes of providing transportation of passengers or cargo in air commerce for compensation or hire as an air carrier or commercial operator; he will not permit any lien, security interest or other charge or encumbrance to attach against the Aircraft as a result of his actions or inactions and shall not convey, mortgage, assign, lease or in any way alienate the Aircraft or TIMESHAROR's rights hereunder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)during the term of this Agreement, he will abide by and conform to all laws, orders, rules and regulations as are, from time to time, in effect and which relate in any way to the operation or use of the Aircraft under a time sharing arrangement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.*Base of Operations*. For purposes of this Agreement, the base of operation of the Aircraft is Romulus, Michigan, Detroit Metropolitan Airport (DTW); provided that such base may be changed permanently upon notice from TIMESHAROR to TIMESHAREE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.*Notices and Communications*. All notices, requests, demands and other communications required or desired to be given hereunder shall be in writing (except as permitted pursuant to Paragraph 4) and shall be deemed to be given: (it) if personally delivered, upon such delivery; (ii) if mailed by certified mail, return receipt requested, postage pre-paid, addressed as follows (to the extent applicable for mailing), upon the earlier to occur of actual receipt, refusal to accept receipt or three (3) days after such mailing; (iii) if sent by regularly scheduled overnight delivery carrier with delivery fees either prepaid or an arrangement, satisfactory with such carrier, made for the payment of such fees, addressed (to the extent applicable for overnight delivery) as follows, upon the earlier to occur of actual receipt or the next "Business Day" (as hereafter defined) after being sent by such delivery; or (iv) upon actual receipt when sent by fax:

If to TIMESHAROR:

MASCO CORPORATION

Attn: Kenneth G. Cole 17450 College Parkway

Livonia, Michigan 48152

If to TIMESHAREE:

Jonathon J. Nudi 2730 Woolsey Lane

Wayzata, Minnesota 55391

------

**Exhibit 10.b**

Notices given by other means shall be deemed to be given only upon actual receipt. Addresses may be changed by written notice given as provided herein and signed by the party giving the notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.*Further Acts*. TIMESHAROR and TIMESHAREE shall from time to time perform such other and further acts and execute such other and further instruments as may be required by law or may be reasonably necessary to: (a) carry out the intent and purpose of this Agreement; and (b) establish, maintain and protect the respective rights and remedies of the other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.*Successors and Assigns*. Neither this Agreement nor either party's interest herein shall be assignable by either party without the written consent of the other party hereto. This Agreement shall inure to the benefit of and be binding upon the parties hereto, their heirs, representatives and successors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.*Termination*. Either party may terminate this Agreement for any reason upon written notice to the other, such termination to become effective ten (10) days from the date of the notice; provided that this Agreement may be terminated on such shorter notice as may be required to comply with applicable laws, regulations or insurance requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.*Governing Law*. This Agreement shall be governed by and construed in accordance with the laws of the State of Michigan without regard to any conflicts of law provisions or principles to the contrary. The parties hereby consent and agree to the nonexclusive jurisdiction and to the venue of any state or federal court for the State of Michigan in any proceedings hereunder and hereby waive any objection to any such proceedings based on improper venue or forum non conveniens. The parties hereby further consent and agree to the exercise of such personal jurisdiction over them by such courts with respect to any such proceedings, waive any objection to the assertion or exercise of such jurisdiction and consent to process being served in any such proceedings in the manner provided for the giving of notices in Paragraph 12.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.*Severability*. If any provision of this Agreement is held to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions shall not be affected or impaired.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.*Amendment or Modification*. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and it is not intended to confer upon any person or entity any rights or remedies hereunder which are not expressly granted herein. This Agreement may be amended or supplemented only by a writing signed by the party against whom such amendment or supplement is sought to be enforced.

------

**Exhibit 10.b**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.TRUTH IN LEASING STATEMENT PURSUANT TO SECTION 91.23 OF THE FEDERAL AVIATION REGULATIONS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)TIMESHAROR CERTIFIES THAT THE AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED WITHIN THE 12-MONTH PERIOD PRECEDING THE DATE OF THIS AGREEMENT IN ACCORDANCE WITH THE PROVISIONS OF PART 91 OF THE FEDERAL AVIATION REGULATIONS AND THAT ALL APPLICABLE REQUIREMENTS FOR THE AIRCRAFT'S MAINTENANCE AND INSPECTION THEREUNDER HAVE BEEN MET AND ARE VALID FOR THE OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)TIMESHAROR, WHOSE ADDRESS APPEARS IN PARAGRAPH 12 ABOVE AND WHOSE AUTHORIZED SIGNATURE APPEARS BELOW, AGREES, CERTIFIES AND ACKNOWLEDGES THAT WHENEVER THE AIRCRAFT IS OPERATED UNDER THIS AGREEMENT, TIMESHAROR SHALL BE KNOWN AS, CONSIDERED AND SHALL IN FACT BE THE OPERATOR OF THE AIRCRAFT AND THAT TIMESHAROR UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS.

TIMESHAROR: MASCO CORPORATION

By: <u>/s/ Kenneth G. Cole&nbsp;&nbsp;&nbsp;&nbsp;</u> Name: Kenneth G. Cole

Title: Vice President, General Counsel, and Secretary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT FEDERAL AVIATION REGULATIONS BEARING ON OPERATIONAL CONTROL CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE. TIMESHAROR FURTHER CERTIFIES THAT IT WILL SEND, OR CAUSE TO BE SENT, A TRUE COPY OF THIS AGREEMENT TO, FEDERAL AVIATION ADMINISTRATION, AIRCRAFT REGISTRATIONS BRANCH, ATTN. TECHNICAL SECTION, P.O. BOX 25724, OKLAHOMA CITY, OKLAHOMA 73125, WITHIN 24 HOURS AFTER ITS EXECUTION, AS REQUIRED BY SECTION 91.23(c)(1) OF THE FEDERAL AVIATION REGULATIONS.

------

**Exhibit 10.b**

IN WITNESS WHEREOF, the parties hereto have caused this Aircraft Time Sharing Agreement to be duly executed on the date first above written. The persons signing below warrant their authority to sign.

**TIMESHAROR:&nbsp;&nbsp;&nbsp;&nbsp;TIMESHAREE:**

MASCO CORPORATION&nbsp;&nbsp;&nbsp;&nbsp;JONATHON J. NUDI

By: <u>/s/ Kenneth G. Cole&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Jonathon J. Nudi&nbsp;&nbsp;&nbsp;&nbsp;</u> Name: Kenneth G. Cole&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Jonathon J. Nudi

Its:&nbsp;&nbsp;&nbsp;&nbsp;Vice President, General Counsel, and Secretary

------

**Exhibit 10.b**

**<u>SCHEDULE I</u>**

N90MC Falcon 2000LXS s/n 322 <br> N175MC Embraer Phenom 300E s/n 50500526

## Ex-31.A

**Exhibit 31.a**

**MASCO CORPORATION**

**Certification Required by Rule 13a-14(a) or 15d-14(a)**

**of the Securities Exchange Act of 1934**

I, Jonathon J. Nudi, certify that:

1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have reviewed this quarterly report on Form 10-Q of Masco Corporation ("the registrant");

2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: July 31, 2025 | By: | /s/ Jonathon J. Nudi |
|  |  | Jonathon J. Nudi |
|  |  | President and Chief Executive Officer |

---

## Ex-31.B

**Exhibit 31.b**

**MASCO CORPORATION**

**Certification Required by Rule 13a-14(a) or 15d-14(a)**

**of the Securities Exchange Act of 1934**

I, Richard J. Westenberg, certify that:

1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this quarterly report on Form 10-Q of Masco Corporation ("the registrant");

2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: July 31, 2025 | By: | /s/ Richard J. Westenberg |
|  |  | Richard J. Westenberg |
|  |  | Vice President, Chief Financial Officer and Treasurer |

---

## Ex-32

**Exhibit 32**

**MASCO CORPORATION**

**Certification Required by Rule 13a-14(b) or 15d-14(b)**

**of the Securities Exchange Act of 1934 and**

**Section 1350 of Chapter 63 of Title 18 of the**

**United States Code**

The certification set forth below is being submitted in connection with the Masco Corporation Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 (the "Report") for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 (the "Exchange Act") and Section 1350 of Chapter 63 of Title 18 of the United States Code.

Jonathon J. Nudi, the President and Chief Executive Officer, and Richard J. Westenberg, the Vice President, Chief Financial Officer and Treasurer, of Masco Corporation, each certifies that, to the best of his knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information contained in the Report fairly presents, in all material respects, the consolidated financial condition and results of operations of Masco Corporation.

---

| | | | |
|:---|:---|:---|:---|
| Date: | July 31, 2025 | /s/ Jonathon J. Nudi | /s/ Jonathon J. Nudi |
|  |  | Name: | Jonathon J. Nudi |
|  |  | Title: | President and Chief Executive Officer |
| Date: | July 31, 2025 | /s/ Richard J. Westenberg | /s/ Richard J. Westenberg |
|  |  | Name: | Richard J. Westenberg |
|  |  | Title: | Vice President, Chief Financial Officer and Treasurer |

---

<br>