CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash investments	$ 452	$ 926
Receivables	1,149	1,171
Inventories	1,236	1,216
Prepaid expenses and other	109	109
Total current assets	2,946	3,422
Property and equipment, net	975	896
Goodwill	537	568
Other intangible assets, net	350	388
Operating lease right-of-use assets	266	187
Other assets	113	114
Total assets	5,187	5,575
Current liabilities:
Accounts payable	877	1,045
Notes payable	205	10
Accrued liabilities	807	884
Total current liabilities	1,889	1,939
Long-term debt	2,946	2,949
Noncurrent operating lease liabilities	255	172
Other liabilities	339	437
Total liabilities	5,429	5,497
Commitments and contingencies (Note U)
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	16	0
Retained deficit	(947)	(652)
Accumulated other comprehensive income	226	232
Total Masco Corporation's shareholders' deficit	(480)	(179)
Noncontrolling interest	218	235
Total equity	(262)	56
Total liabilities and equity	$ 5,187	$ 5,575