CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash investments	$ 479	$ 926
Receivables	1,502	1,171
Prepaid expenses and other	107	109
Inventories:
Finished goods	809	702
Raw material	409	383
Work in process	122	131
Total inventories	1,340	1,216
Total current assets	3,428	3,422
Property and equipment, net	892	896
Goodwill	565	568
Other intangible assets, net	379	388
Operating lease right-of-use assets	195	187
Other assets	109	114
Total assets	5,568	5,575
Current Liabilities:
Accounts payable	1,114	1,045
Notes payable	273	10
Accrued liabilities	749	884
Total current liabilities	2,136	1,939
Long-term debt	2,946	2,949
Noncurrent operating lease liabilities	179	172
Other liabilities	407	437
Total liabilities	5,668	5,497
Commitments and contingencies (Note P)
Redeemable noncontrolling interest	21	22
Masco Corporation's shareholders' equity:
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2022 – 235,600,000; 2021 – 241,200,000	236	241
Preferred shares authorized: 1,000,000; Issued and outstanding: 2022 and 2021 – None	0	0
Paid-in capital	0	0
Retained deficit	(833)	(652)
Accumulated other comprehensive income	226	232
Total Masco Corporation's shareholders' deficit	(371)	(179)
Noncontrolling interest	250	235
Total equity	(121)	56
Total liabilities and equity	$ 5,568	$ 5,575