CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash investments	$ 398	$ 634
Receivables	1,314	1,090
Inventories	1,057	1,022
Prepaid expenses and other	129	110
Total current assets	2,898	2,856
Property and equipment, net	1,116	1,121
Goodwill	601	604
Other intangible assets, net	359	377
Operating lease right-of-use assets	254	268
Other assets	137	139
Total assets	5,365	5,363
Current liabilities:
Accounts payable	924	840
Notes payable	3	3
Accrued liabilities	718	852
Total current liabilities	1,645	1,695
Long-term debt	2,945	2,945
Noncurrent operating lease liabilities	245	258
Other liabilities	347	349
Total liabilities	5,183	5,247
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 – 218,200,000; 2023 – 220,600,000	218	221
Preferred shares authorized: 1,000,000; Issued and outstanding: 2024 and 2023 – None	0	0
Paid-in capital	0	0
Retained deficit	(467)	(596)
Accumulated other comprehensive income	223	249
Total Masco Corporation's shareholders' deficit	(26)	(126)
Noncontrolling interest	208	224
Total equity	182	98
Total liabilities and equity	$ 5,365	$ 5,363

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).