CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash investments	$ 1,297	$ 1,379
Short-term bank deposits	210	306
Receivables	1,105	820
Deferred income taxes	127	206
Prepaid expenses and other	72	68
Assets held for sale		373
Inventories:
Finished goods	416	361
Raw material	264	251
Work in process	99	100
Total	779	712
Total current assets	3,590	3,864
Property and equipment, net	1,027	1,046
Goodwill	845	840
Other intangible assets, net	164	142
Other assets	243	200
Assets held for sale		1,141
Total Assets	5,869	7,233
Current Liabilities:
Notes payable	6	505
Accounts payable	889	721
Accrued liabilities	695	685
Liabilities held for sale		300
Total current liabilities	1,590	2,211
Long-term debt	3,419	2,919
Other liabilities	729	768
Liabilities held for sale		207
Total Liabilities	$ 5,738	$ 6,105
Commitments and contingencies
Masco Corporation's shareholders' equity:
Common shares, par value $1 per share; Authorized shares: 1,400,000,000; issued and outstanding: 2015- 000; 2014 - 345,000,000	$ 339	$ 345
Preferred shares authorized: 1,000,000; issued and outstanding: 2015 - None; 2014 - None
Retained (deficit) earnings	$ (239)	$ 690
Accumulated other comprehensive loss	(147)	(111)
Total Masco Corporation's shareholders' (deficit) equity	(47)	924
Noncontrolling interest	178	204
Total equity	131	1,128
Total liabilities and equity	$ 5,869	$ 7,233