CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash investments	$ 990	$ 1,468
Short-term bank deposits	201	248
Receivables	917	853
Inventories	712	687
Prepaid expenses and other	114	72
Total current assets	2,934	3,328
Property and equipment, net	1,060	1,027
Goodwill	832	839
Other intangible assets, net	154	160
Other assets	157	310
Total Assets	5,137	5,664
Current Liabilities:
Accounts payable	800	749
Notes payable	2	1,004
Accrued liabilities	658	650
Total current liabilities	1,460	2,403
Long-term debt	2,995	2,403
Other liabilities	785	800
Total Liabilities	5,240	5,606
Commitments and contingencies (Note U)
Masco Corporation's shareholders' equity
Masco Corporation's shareholders' equity Common shares authorized: 1,400,000,000; issued and outstanding: 2016 – 318,000,000; 2015 – 330,500,000	318	330
Preferred shares authorized: 1,000,000; issued and outstanding: 2016 and 2015 – None	0	0
Paid-in capital	0	0
Retained deficit	(381)	(300)
Accumulated other comprehensive loss	(235)	(165)
Total Masco Corporation's shareholders' deficit	(298)	(135)
Noncontrolling interest	195	193
Total Equity	(103)	58
Total Liabilities and Equity	$ 5,137	$ 5,664

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).