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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash investments $ 634 $ 634
Receivables 1,035 1,090
Inventories 938 1,022
Prepaid expenses and other 123 110
Total current assets 2,730 2,856
Property and equipment, net 1,116 1,121
Goodwill 597 604
Other intangible assets, net 220 377
Operating lease right-of-use assets 231 268
Other assets 123 139
Total assets 5,016 5,363
Current liabilities:    
Accounts payable 789 840
Notes payable 3 3
Accrued liabilities 767 852
Total current liabilities 1,560 1,695
Long-term debt 2,945 2,945
Noncurrent operating lease liabilities 223 258
Other liabilities 342 349
Total liabilities 5,069 5,247
Commitments and contingencies (Note R)
Redeemable noncontrolling interest 0 18
Masco Corporation's shareholders' equity:    
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2024 – 212,500,000; 2023 – 220,600,000 212 221
Preferred shares authorized: 1,000,000; Issued and outstanding: 2024 and 2023 – None 0 0
Paid-in capital 0 0
Retained deficit (693) (596)
Accumulated other comprehensive income 201 249
Total Masco Corporation's shareholders' deficit (279) (126)
Noncontrolling interest 227 224
Total equity (53) 98
Total liabilities and equity $ 5,016 $ 5,363