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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash investments $ 325 $ 559
Receivables 1,423 1,153
Prepaid expenses and other 120 108
Inventories:    
Finished goods 572 520
Raw material 298 325
Work in process 105 101
Total inventories 975 946
Total current assets 2,843 2,766
Property and equipment, net 1,212 1,223
Operating lease right-of-use assets 228  
Goodwill 891 898
Other intangible assets, net 387 406
Other assets 92 100
Total assets 5,653 5,393
Current Liabilities:    
Accounts payable 1,023 926
Notes payable 231 8
Accrued liabilities 699 750
Total current liabilities 1,953 1,684
Long-term debt 2,771 2,971
Other liabilities 858 669
Total liabilities 5,582 5,324
Commitments and contingencies (Note O)
Masco Corporation's shareholders' equity:    
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2019 – 287,400,000; 2018 – 293,900,000 287 294
Preferred shares authorized: 1,000,000; Issued and outstanding: 2019 and 2018 – None 0 0
Paid-in capital 0 0
Retained deficit (261) (278)
Accumulated other comprehensive loss (117) (127)
Total Masco Corporation's shareholders' deficit (91) (111)
Noncontrolling interest 162 180
Total equity 71 69
Total liabilities and equity $ 5,653 $ 5,393