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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash investments $ 697 $ 552
Receivables 997 990
Inventories 754 798
Prepaid expenses and other 90 84
Assets held for sale 173 342
Total current assets 2,711 2,766
Property and equipment, net 878 885
Goodwill 509 511
Other intangible assets, net 259 288
Operating lease right-of-use assets 176  
Other assets 139 90
Assets held for sale 355 853
Total assets 5,027 5,393
Current Liabilities:    
Accounts payable 697 736
Notes payable 2 8
Accrued liabilities 700 645
Liabilities held for sale 149 295
Total current liabilities 1,548 1,684
Long-term debt 2,771 2,971
Other liabilities 751 549
Liabilities held for sale 13 120
Total liabilities 5,083 5,324
Commitments and contingencies (Note T)
Masco Corporation's shareholders' equity    
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2019 – 275,600,000; 2018 – 293,900,000 276 294
Preferred shares authorized: 1,000,000; Issued and outstanding: 2019 and 2018 – None 0 0
Paid-in capital 0 0
Retained deficit (332) (278)
Accumulated other comprehensive loss (179) (127)
Total Masco Corporation's shareholders' deficit (235) (111)
Noncontrolling interest 179 180
Total equity (56) 69
Total liabilities and equity $ 5,027 $ 5,393