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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash investments $ 377 $ 634
Receivables 1,258 1,035
Inventories 1,047 938
Prepaid expenses and other 116 123
Total current assets 2,798 2,730
Property and equipment, net 1,133 1,116
Goodwill 605 597
Other intangible assets, net 218 220
Operating lease right-of-use assets 237 231
Other assets 115 123
Total assets 5,107 5,016
Current liabilities:    
Accounts payable 868 789
Notes payable 133 3
Accrued liabilities 602 767
Total current liabilities 1,603 1,560
Long-term debt 2,945 2,945
Noncurrent operating lease liabilities 228 223
Other liabilities 337 342
Total liabilities 5,113 5,069
Commitments and contingencies (Note L)
Masco Corporation's shareholders' equity:    
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2025 – 210,900,000; 2024 – 212,500,000 211 212
Preferred shares authorized: 1,000,000; Issued and outstanding: 2025 and 2024 – None 0 0
Paid-in capital 0 0
Retained deficit (693) (693)
Accumulated other comprehensive income 228 201
Total Masco Corporation's shareholders' deficit (254) (279)
Noncontrolling interest 248 227
Total equity (6) (53)
Total liabilities and equity $ 5,107 $ 5,016