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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 933 875
Inventories 726 706
Prepaid expenses and other 107 68
Assets held for sale 100 124
Total current assets 3,217 3,429
Property and equipment, net 1,326 1,454
Goodwill 1,894 1,891
Other intangible assets, net 151 196
Other assets 184 209
Assets held for sale 103 118
Total Assets 6,875 7,297
Current Liabilities:    
Accounts payable 788 727
Notes payable 206 803
Accrued liabilities 823 766
Liabilities held for sale 45 67
Total current liabilities 1,862 2,363
Long-term debt 3,422 3,222
Deferred income taxes and other 1,053 958
Liabilities held for sale 4 12
Total Liabilities 6,341 6,555
Commitments and contingencies      
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