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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash investments $ 559 $ 1,194
Short-term bank deposits 0 108
Receivables 1,153 1,066
Inventories 946 784
Prepaid expenses and other 108 111
Total current assets 2,766 3,263
Property and equipment, net 1,223 1,129
Goodwill 898 841
Other intangible assets, net 406 187
Other assets 100 114
Total assets 5,393 5,534
Current Liabilities:    
Accounts payable 926 824
Notes payable 8 116
Accrued liabilities 750 727
Total current liabilities 1,684 1,667
Long-term debt 2,971 2,969
Other liabilities 669 715
Total liabilities 5,324 5,351
Commitments and contingencies (Note T)
Masco Corporation's shareholders' equity    
Masco Corporation's shareholders' equity: Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2018 – 293,900,000; 2017 – 310,400,000 294 310
Preferred shares authorized: 1,000,000; Issued and outstanding: 2018 and 2017 – None 0 0
Paid-in capital 0 0
Retained deficit (278) (298)
Accumulated other comprehensive loss (127) (65)
Total Masco Corporation's shareholders' deficit (111) (53)
Noncontrolling interest 180 236
Total equity 69 183
Total liabilities and equity $ 5,393 $ 5,534