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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash investments $ 646 $ 634
Receivables 1,152 1,090
Inventories 1,013 1,022
Prepaid expenses and other 153 110
Total current assets 2,965 2,856
Property and equipment, net 1,125 1,121
Goodwill 610 604
Other intangible assets, net 230 377
Operating lease right-of-use assets 238 268
Other assets 128 139
Total assets 5,296 5,363 Close
Current liabilities:    
Accounts payable 874 840
Notes payable 3 3
Accrued liabilities 742 852
Total current liabilities 1,618 1,695
Long-term debt 2,945 2,945
Noncurrent operating lease liabilities 230 258
Other liabilities 360 349
Total liabilities 5,154 5,247 Close
Commitments and contingencies (Note M)
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 – 215,700,000; 2023 – 220,600,000 216 221
Preferred shares authorized: 1,000,000; Issued and outstanding: 2024 and 2023 – None 0 0
Paid-in capital 0 0
Retained deficit (551) (596)
Accumulated other comprehensive income 247 249
Total Masco Corporation's shareholders' deficit (88) (126)
Noncontrolling interest 230 224
Total equity 142 98 Close
Total liabilities and equity $ 5,296 $ 5,363