CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash investments	$ 464	$ 926
Receivables	1,330	1,171
Prepaid expenses and other	131	109
Inventories:
Finished goods	807	702
Raw material	417	383
Work in process	115	131
Total inventories	1,339	1,216
Total current assets	3,264	3,422
Property and equipment, net	902	896
Goodwill	544	568
Other intangible assets, net	359	388
Operating lease right-of-use assets	263	187
Other assets	85	114
Total assets	5,417	5,575
Current Liabilities:
Accounts payable	1,048	1,045
Notes payable	405	10
Accrued liabilities	771	884
Total current liabilities	2,224	1,939
Long-term debt	2,946	2,949
Noncurrent operating lease liabilities	253	172
Other liabilities	410	437
Total liabilities	5,833	5,497
Commitments and contingencies (Note P)
Redeemable noncontrolling interest	20	22
Masco Corporation's shareholders' equity:
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2022 – 225,300,000; 2021 – 241,200,000	225	241
Preferred shares authorized: 1,000,000; Issued and outstanding: 2022 and 2021 – None	0	0
Paid-in capital	15	0
Retained deficit	(998)	(652)
Accumulated other comprehensive income	141	232
Total Masco Corporation's shareholders' (deficit)	(617)	(179)
Noncontrolling interest	181	235
Total equity	(436)	56
Total liabilities and equity	$ 5,417	$ 5,575