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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash investments $ 767 $ 697
Receivables 1,142 997
Prepaid expenses and other 80 90
Assets held for sale 0 173
Inventories:    
Finished goods 487 485
Raw material 205 211
Work in process 64 58
Total inventories 756 754
Total current assets 2,745 2,711
Property and equipment, net 861 878
Operating lease right-of-use assets 171 176
Goodwill 518 509
Other intangible assets, net 264 259
Other assets 281 139
Assets held for sale 0 355
Total assets 4,840 5,027
Current Liabilities:    
Accounts payable 743 697
Notes payable 5 2
Accrued liabilities 756 700
Liabilities held for sale 0 149
Total current liabilities 1,504 1,548
Long-term debt 2,771 2,771
Operating Lease, Liability, Noncurrent 157 162
Other liabilities 573 589
Liabilities held for sale 0 13
Total liabilities 5,005 5,083
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: 2020 – 262,600,000; 2019 – 275,600,000 263 276
Preferred shares authorized: 1,000,000; Issued and outstanding: 2020 and 2019 – None 0 0
Paid-in capital 0 0
Retained deficit (412) (332)
Accumulated other comprehensive loss (199) (179)
Total Masco Corporation's shareholders' deficit (348) (235)
Noncontrolling interest 183 179
Total equity (165) (56)
Total liabilities and equity $ 4,840 $ 5,027