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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash investments $ 1,611 $ 1,715
Receivables 1,188 888
Prepaid expenses and other 131 129
Inventories:    
Finished goods 493 393
Raw material 307 246
Work in process 101 93
Total Inventories 901 732
Total current assets 3,831 3,464
Property and equipment, net 1,698 1,737
Goodwill 2,399 2,383
Other intangible assets, net 266 269
Other assets 224 287
Total assets 8,418 8,140
Current liabilities:    
Notes payable 65 66
Accounts payable 921 602
Accrued liabilities 814 819
Total current liabilities 1,800 1,487
Long-term debt 4,027 4,032
Deferred income taxes and other 1,054 1,039
Total liabilities 6,881 6,558
Commitments and contingencies    
Masco Corporation's shareholders' equity:    
Common shares, par value $1 per share Authorized shares: 1,400,000,000; issued and outstanding: 2011 - 347,500,000; 2010 - 348,600,000 348 349
Preferred shares authorized: 1,000,000; issued and outstanding: 2011 - None; 2010 - None 0 0
Paid-in capital 37 42
Retained earnings 628 720
Accumulated other comprehensive income 302 273
Total Masco Corporation's shareholders' equity 1,315 1,384
Noncontrolling interest 222 198
Total equity 1,537 1,582
Total liabilities and equity $ 8,418 $ 8,140