CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash investments	$ 548	$ 647
Receivables	1,342	1,028
Inventories	1,060	1,046
Prepaid expenses and other	119	119
Total current assets	3,069	2,840
Property and equipment, net	1,191	1,195
Goodwill	618	623
Other intangible assets, net	194	205
Operating lease right-of-use assets	253	233
Other assets	77	105
Total assets	5,401	5,201
Current liabilities:
Accounts payable	890	810
Notes payable	2	2
Accrued liabilities	754	761
Total current liabilities	1,646	1,573
Long-term debt	3,245	2,945
Noncurrent operating lease liabilities	246	221
Other liabilities	383	387
Total liabilities	5,519	5,125
Commitments and contingencies (Note J)
Masco Corporation's shareholders' equity:
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2026 – 197,200,000; 2025 – 204,300,000	197	204
Preferred shares authorized: 1,000,000; Issued and outstanding: 2026 and 2025 – None	0	0
Paid-in capital	6	0
Retained deficit	(849)	(688)
Accumulated other comprehensive income	280	298
Total Masco Corporation's shareholders' deficit	(365)	(185)
Noncontrolling interest	247	261
Total equity	(118)	76
Total liabilities and equity	$ 5,401	$ 5,201

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).