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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash investments $ 689 $ 990
Short-term bank deposits 194 201
Receivables 1,144 917
Prepaid expenses and other 105 114
Inventories:    
Finished goods 463 366
Raw material 263 254
Work in process 100 92
Total 826 712
Total current assets 2,958 2,934
Property and equipment, net 1,074 1,060
Goodwill 835 832
Other intangible assets, net 154 154
Other assets 118 157
Total assets 5,139 5,137
Current liabilities:    
Accounts payable 903 800
Notes payable 3 2
Accrued liabilities 518 658
Total current liabilities 1,424 1,460
Long-term debt 2,996 2,995
Other liabilities 778 785
Total liabilities 5,198 5,240
Commitments and contingencies (Note M)
Masco Corporation’s shareholders’ equity:    
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2017 – 316,100,000; 2016 – 318,000,000 316 318
Preferred shares authorized: 1,000,000; Issued and outstanding: 2017 and 2016 – None 0 0
Paid-in capital 0 0
Retained deficit (370) (381)
Accumulated other comprehensive loss (214) (235)
Total Masco Corporation’s shareholders’ deficit (268) (298)
Noncontrolling interest 209 195
Total equity (59) (103)
Total liabilities and equity $ 5,139 $ 5,137