XML 52 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash investments $ 475 $ 553
Receivables 1,177 1,068
Prepaid expenses and other 105 90
Assets held for sale 111 151
Inventories:    
Finished goods 558 516
Raw material 277 302
Work in process 89 86
Total inventories 924 904
Total current assets 2,792 2,766
Property and equipment, net 1,017 1,037
Operating lease right-of-use assets 183  
Goodwill 687 692
Other intangible assets, net 264 289
Other assets 85 100
Assets held for sale 492 509
Total assets 5,520 5,393
Current Liabilities:    
Accounts payable 879 851
Notes payable 208 8
Accrued liabilities 682 676
Liabilities held for sale 140 149
Total current liabilities 1,909 1,684
Long-term debt 2,771 2,971
Other liabilities 684 561
Liabilities held for sale 133 108
Total liabilities 5,497 5,324
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: 2019 – 284,100,000; 2018 – 293,900,000 284 294
Preferred shares authorized: 1,000,000; Issued and outstanding: 2019 and 2018 – None 0 0
Paid-in capital 0 0
Retained deficit (309) (278)
Accumulated other comprehensive loss (118) (127)
Total Masco Corporation's shareholders' deficit (143) (111)
Noncontrolling interest 166 180
Total equity 23 69
Total liabilities and equity $ 5,520 $ 5,393