CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash investments	$ 2,175	$ 1,468
Short-term bank deposits	195	248
Receivables	1,036	853
Prepaid expenses and other	87	72
Inventories:
Finished goods	420	358
Raw material	244	238
Work in process	91	91
Total	755	687
Total current assets	4,248	3,328
Property and equipment, net	1,040	1,027
Goodwill	844	839
Other intangible assets, net	158	160
Other assets	264	310
Total assets	6,554	5,664
Current liabilities:
Notes payable	1,303	1,004
Accounts payable	834	749
Accrued liabilities	652	752
Total current liabilities	2,789	2,505
Long-term debt	2,993	2,403
Other liabilities	688	698
Total liabilities	$ 6,470	$ 5,606
Commitments and contingencies
Masco Corporation’s shareholders’ equity:
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2016 – 328,700,000 ; 2015 – 330,500,000	$ 329	$ 330
Preferred shares authorized: 1,000,000; Issued and outstanding: 2016 and 2015 – None	0	0
Paid-in capital	0	0
Retained deficit	(310)	(300)
Accumulated other comprehensive loss	(145)	(165)
Total Masco Corporation’s shareholders’ deficit	(126)	(135)
Noncontrolling interest	210	193
Total equity	84	58
Total liabilities and equity	$ 6,554	$ 5,664