CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Current Assets:
Cash and cash investments	$ 384	$ 1,194
Short-term bank deposits	0	108
Receivables	1,444	1,066
Prepaid expenses and other	117	111
Inventories:
Finished goods	592	402
Raw material	317	277
Work in process	108	105
Total inventories	1,017	784
Total current assets	2,962	3,263
Property and equipment, net	1,187	1,129
Goodwill	890	841
Other intangible assets, net	417	187
Other assets	109	114
Total assets	5,565	5,534
Current Liabilities:
Accounts payable	1,093	824
Notes payable	2	116
Accrued liabilities	675	727
Total current liabilities	1,770	1,667
Long-term debt	2,970	2,969
Other liabilities	699	715
Total liabilities	5,439	5,351
Commitments and contingencies (Note P)
Masco Corporation's shareholders' equity:
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2018 – 305,000,000; 2017 – 310,400,000	305	310
Preferred shares authorized: 1,000,000; Issued and outstanding: 2018 and 2017 – None	0	0
Paid-in capital	0	0
Retained deficit	(221)	(298)
Accumulated other comprehensive loss	(118)	(65)
Total Masco Corporation's shareholders' deficit	(34)	(53)
Noncontrolling interest	160	236
Total equity	126	183
Total liabilities and equity	$ 5,565	$ 5,534

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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- 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).