XML 19 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Net sales $ 9,973,384 $ 9,964,953 $ 9,437,758
Cost of merchandise sold 5,741,956 5,650,711 5,301,275
Gross profit 4,231,428 4,314,242 4,136,483
Warehousing, marketing and administrative expenses 2,931,108 2,967,125 2,839,629
Operating earnings 1,300,320 1,347,117 1,296,854
Other income and (expense):      
Interest income 1,166 2,068 3,234
Interest expense (33,571) (10,093) (13,225)
Loss from equity method investment (11,740) 0 0
Other non-operating income 1,102 483 2,732
Other non-operating expense (6,572) (5,189) (1,996)
Total other income and (expense) (49,615) (12,731) (9,255)
Earnings before income taxes 1,250,705 1,334,386 1,287,599
Income taxes 465,531 522,090 479,850
Net earnings 785,174 812,296 807,749
Less: Net earnings attributable to noncontrolling interest 16,178 10,567 10,713
Net earnings attributable to W.W. Grainger, Inc. $ 768,996 $ 801,729 $ 797,036
Earnings per share:      
Basic (in dollars per share) $ 11.69 $ 11.59 $ 11.31
Diluted (in dollars per share) $ 11.58 $ 11.45 $ 11.13
Weighted average number of shares outstanding:      
Basic (in shares) 65,156,864 68,334,322 69,455,507
Diluted (in shares) 65,765,121 69,205,744 70,576,432