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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash investments $ 569 $ 1,194
Short-term bank deposits 0 108
Receivables 1,298 1,066
Prepaid expenses and other 118 111
Inventories:    
Finished goods 578 402
Raw material 318 277
Work in process 109 105
Total inventories 1,005 784
Total current assets 2,990 3,263
Property and equipment, net 1,211 1,129
Goodwill 896 841
Other intangible assets, net 412 187
Other assets 101 114
Total assets 5,610 5,534
Current Liabilities:    
Accounts payable 1,040 824
Notes payable 2 116
Accrued liabilities 711 727
Total current liabilities 1,753 1,667
Long-term debt 2,971 2,969
Other liabilities 679 715
Total liabilities 5,403 5,351
Commitments and contingencies (Note P)
Masco Corporation's shareholders' equity:    
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2018 – 303,100,000; 2017 – 310,400,000 303 310
Preferred shares authorized: 1,000,000; Issued and outstanding: 2018 and 2017 – None 0 0
Paid-in capital 0 0
Retained deficit (154) (298)
Accumulated other comprehensive loss (113) (65)
Total Masco Corporation's shareholders' equity (deficit) 36 (53)
Noncontrolling interest 171 236
Total equity 207 183
Total liabilities and equity $ 5,610 $ 5,534