XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash investments $ 906 $ 1,223
Short-term bank deposits 305 321
Receivables 1,215 1,004
Prepaid expenses and other 154 155
Inventories:    
Finished goods 455 398
Raw material 273 268
Work in process 110 99
Total 838 765
Total current assets 3,418 3,468
Property and equipment, net 1,232 1,252
Goodwill 1,903 1,903
Other intangible assets, net 150 149
Other assets 177 185
Total assets 6,880 6,957
Current liabilities:    
Notes payable 6 6
Accounts payable 954 902
Accrued liabilities 760 874
Total current liabilities 1,720 1,782
Long-term debt 3,421 3,421
Deferred income taxes and other 938 967
Total liabilities 6,079 6,170
Commitments and contingencies      
Masco Corporation's shareholders' equity:    
Common shares, par value $1 per share Authorized shares: 1,400,000,000; issued and outstanding: 2014 - 349,400,000; 2013 - 349,500,000 349 349
Preferred shares authorized: 1,000,000; issued and outstanding: 2014 - None; 2013 - None      
Paid-in capital   16
Retained earnings 98 79
Accumulated other comprehensive income 115 115
Total Masco Corporation's shareholders' equity 562 559
Noncontrolling interest 239 228
Total equity 801 787
Total liabilities and equity $ 6,880 $ 6,957