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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash investments $ 1,166 $ 1,656
Receivables 1,156 914
Prepaid expenses and other 83 70
Assets held for sale 20 20
Inventories:    
Finished goods 449 390
Raw material 290 280
Work in process 91 99
Inventories 830 769
Total current assets 3,255 3,429
Property and equipment, net 1,484 1,567
Goodwill 1,891 1,891
Other intangible assets, net 193 196
Other assets 191 209
Assets held for sale 2 5
Total assets 7,016 7,297
Current liabilities:    
Notes payable 207 803
Accounts payable 866 770
Accrued liabilities 884 782
Liabilities held for sale 10 8
Total current liabilities 1,967 2,363
Long-term debt 3,422 3,222
Deferred income taxes and other 953 970
Total liabilities 6,342 6,555
Commitments and contingencies      
Masco Corporation's shareholders' equity:    
Common shares, par value $1 per share Authorized shares: 1,400,000,000; issued and outstanding: 2012 - 348,900,000; 2011 - 347,900,000 349 348
Preferred shares authorized: 1,000,000; issued and outstanding: 2012 - None; 2011 - None      
Paid-in capital 34 65
Accumulated deficit retained earnings (15) 38
Accumulated other comprehensive income 99 76
Total Masco Corporation's shareholders' equity 467 527
Noncontrolling interest 207 215
Total equity 674 742
Total liabilities and equity $ 7,016 $ 7,297