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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash investments $ 1,351 $ 1,656
Receivables 965 914
Inventories 792 769
Prepaid expenses and other 109 70
Assets held for sale   20
Total current assets 3,217 3,429
Property and equipment, net 1,429 1,567
Goodwill 1,894 1,891
Other intangible assets, net 151 196
Other assets 184 209
Assets held for sale   5
Total Assets 6,875 7,297
Current Liabilities:    
Accounts payable 819 770
Notes payable 206 803
Accrued liabilities 837 782
Liabilities held for sale   8
Total current liabilities 1,862 2,363
Long-term debt 3,422 3,222
Deferred income taxes and other 1,057 970
Total Liabilities 6,341 6,555
Commitments and contingencies      
Equity:    
Masco Corporation's shareholders' equity Common shares authorized: 1,400,000,000; issued and outstanding: 2012 - 349,000,000; 2011 - 347,900,000 349 348
Preferred shares authorized: 1,000,000; issued and outstanding: 2012 and 2011 - None      
Paid-in capital 16 65
Retained (deficit) earnings (102) 38
Accumulated other comprehensive income 59 76
Total Masco Corporation's shareholders' equity 322 527
Noncontrolling interest 212 215
Total Equity 534 742
Total Liabilities and Equity $ 6,875 $ 7,297