Masco — Feb 6, 2025 release

(2) Represents income for the year ended December 31, 2023 from the receipt of an insurance settlement payment. Outlook for the Year Ended December 31, 2025 Year Ended December 31, 2025 Low End High End Income Per Common Share Reconciliation Net income per common share $ 4.20   $ 4.45   Rationalization charges —  —  Net income per common share, as adjusted $ 4.20   $ 4.45        Historical information is available on our website. Amounts may not add due to rounding. 6 MASCO CORPORATION Condensed Consolidated Balance Sheets and Other Financial Data - Unaudited December 31, 2024 and 2023 (dollars in millions) December 31, 2024 December 31, 2023 Balance Sheet     Assets     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  Liabilities     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  Redeemable noncontrolling interest —  18  Equity (53) 98  Total liabilities and equity $ 5,016  $ 5,363    As of D