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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash investments $ 368 $ 634
Receivables 1,310 1,090
Inventories 1,059 1,022
Prepaid expenses and other 112 110
Total current assets 2,850 2,856
Property and equipment, net 1,111 1,121
Goodwill 598 604
Other intangible assets, net 367 377
Operating lease right-of-use assets 262 268
Other assets 148 139
Total assets 5,336 5,363 Close
Current liabilities:    
Accounts payable 899 840
Notes payable 52 3
Accrued liabilities 690 852
Total current liabilities 1,641 1,695
Long-term debt 2,945 2,945
Noncurrent operating lease liabilities 252 258
Other liabilities 340 349
Total liabilities 5,179 5,247 Close
Commitments and contingencies (Note L)
Redeemable noncontrolling interest 0 18
Masco Corporation's shareholders' equity:    
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2024 – 220,200,000; 2023 – 220,600,000 220 221
Preferred shares authorized: 1,000,000; Issued and outstanding: 2024 and 2023 – None 0 0
Paid-in capital 0 0
Retained deficit (527) (596)
Accumulated other comprehensive income 231 249
Total Masco Corporation's shareholders' deficit (75) (126)
Noncontrolling interest 232 224
Total equity 157 98 Close
Total liabilities and equity $ 5,336 $ 5,363