CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash investments	$ 1,279	$ 1,379
Short-term bank deposits	255	306
Receivables	1,006	820
Deferred income taxes	177	206
Prepaid expenses and other	74	68
Assets held for sale		373
Inventories:
Finished goods	392	361
Raw material	258	251
Work in process	99	100
Total	749	712
Total current assets	3,540	3,864
Property and equipment, net	1,025	1,046
Goodwill	843	840
Other intangible assets, net	163	142
Other assets	156	200
Assets held for sale		1,141
Total Assets	5,727	7,233
Current Liabilities:
Notes payable	6	505
Accounts payable	827	721
Accrued liabilities	727	685
Liabilities held for sale		300
Total current liabilities	1,560	2,211
Long-term debt	3,418	2,919
Other liabilities	721	768
Liabilities held for sale		207
Total Liabilities	$ 5,699	$ 6,105
Commitments and contingencies
Masco Corporation's shareholders' equity:
Common shares, par value $1 per share; Authorized shares: 1,400,000,000; issued and outstanding: 2015- 331,900,000; 2014 - 345,000,000	$ 332	$ 345
Preferred shares authorized: 1,000,000; issued and outstanding: 2015 - None; 2014 - None
Retained (deficit) earnings	$ (332)	$ 690
Accumulated other comprehensive loss	(159)	(111)
Total Masco Corporation's shareholders' (deficit) equity	(159)	924
Noncontrolling interest	187	204
Total equity	28	1,128
Total liabilities and equity	$ 5,727	$ 7,233