MASCO CORP DE
For the period ended Sep 30, 2024. Filed Oct 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 29, 2024
MAS$84.80-1.3%Stored close · as of Nov 10, 2026
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Item 1. Financial Statements (Unaudited):
September 30, 2024 and December 31, 2023
(In Millions, Except Share Data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash investments | $646 | $634 |
| Receivables | 1,152 | 1,090 |
| Inventories | 1,013 | 1,022 |
| Prepaid expenses and other | 153 | 110 |
| Total current assets | 2,965 | 2,856 |
| Property and equipment, net | 1,125 | 1,121 |
| Goodwill | 610 | 604 |
| Other intangible assets, net | 230 | 377 |
| Operating lease right-of-use assets | 238 | 268 |
| Other assets | 128 | 139 |
| Total assets | $5,296 | $5,363 |
| LIABILITIES | ||
| Current liabilities: | ||
| Accounts payable | $874 | $840 |
| Notes payable | 3 | 3 |
| Accrued liabilities | 742 | 852 |
| Total current liabilities | 1,618 | 1,695 |
| Long-term debt | 2,945 | 2,945 |
| Noncurrent operating lease liabilities | 230 | 258 |
| Other liabilities | 360 | 349 |
| Total liabilities | $5,154 | $5,247 |
| Commitments and contingencies (Note M) | ||
| Redeemable noncontrolling interest | — | 18 |
| EQUITY | ||
| Masco Corporation's shareholders' equity: | ||
| Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2024 – 215,700,000; 2023 – 220,600,000 | 216 | 221 |
| Preferred shares authorized: 1,000,000; Issued and outstanding: 2024 and 2023 – None | — | — |
| Paid-in capital | — | — |
| Retained deficit | (551) | (596) |
| Accumulated other comprehensive income | 247 | 249 |
| Total Masco Corporation's shareholders' deficit | (88) | (126) |
| Noncontrolling interest | 230 | 224 |
| Total equity | 142 | 98 |
| Total liabilities and equity | $5,296 | $5,363 |
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