XML 56 R39.htm IDEA: XBRL DOCUMENT v3.3.1.900

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

INCOME TAXES [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) consisted of the following (in thousands of dollars):

	For the Years Ended December 31,
	2015				2014				2013
Current provision:
Federal	$	412,545			$	437,648			$	398,593
State	49,894				47,199				42,526
Foreign	24,087				43,088				52,277
Total current	486,526				527,935				493,396
Deferred tax (benefit) provision	(20,995		)		(5,845		)		(13,546		)
Total provision	$	465,531			$	522,090			$	479,850

Schedule of Income before Income Tax, Domestic and Foreign

Earnings before income taxes by geographical area consisted of the following (in thousands of dollars):

	For the Years Ended December 31,
	2015				2014				2013
United States	$	1,203,880			$	1,299,523			$	1,167,558
Foreign	46,825				34,863				120,041
	$	1,250,705			$	1,334,386			$	1,287,599

Schedule of Deferred Tax Assets and Liabilities

The income tax effects of temporary differences that gave rise to the net deferred tax asset were (in thousands of dollars):

	As of December 31,
	2015				2014
Deferred tax assets:
Inventory	$	32,390			$	30,471
Accrued expenses	56,127				44,362
Accrued employment-related benefits	116,423				139,392
Foreign operating loss carryforwards	70,881				61,219
Other	12,962				12,748
Deferred tax assets	288,783				288,192
Less valuation allowance	(62,333		)		(56,876		)
Deferred tax assets, net of valuation allowance	$	226,450			$	231,316
Deferred tax liabilities:
Property, buildings and equipment	(42,249		)		(48,044		)
Intangibles	(134,784		)		(101,958		)
Software	(20,744		)		(21,975		)
Prepaids	(17,901		)		(16,673		)
Other	(17,277		)		(12,196		)
Deferred tax liabilities	(232,955		)		(200,846		)
Net deferred tax (liability) asset	$	(6,505	)		$	30,470
The net deferred tax (liability) asset is classified as follows:
Current assets	$	—			$	61,387
Noncurrent assets	83,996				16,718
Noncurrent liabilities (foreign)	(90,501		)		(47,635		)
Net deferred tax (liability) asset	$	(6,505	)		$	30,470

Reconciliation of Income Tax Statutory Disclosure

A reconciliation of income tax expense with federal income taxes at the statutory rate follows (in thousands of dollars):

	For the Years Ended December 31,
	2015				2014				2013
Federal income tax at the 35% statutory rate	$	437,746			$	467,035			$	450,660
State income taxes, net of federal income tax benefit	29,507				31,263				27,430
Clean energy credit	(13,358		)		—				—
Other - net	11,636				23,792				1,760
Income tax expense	$	465,531			$	522,090			$	479,850
Effective tax rate	37.2		%		39.1		%		37.3		%

Reconciliation of Income Tax Contingencies

The changes in the liability for tax uncertainties, excluding interest, are as follows (in thousands of dollars):

	2015				2014				2013
Balance at beginning of year	$	45,126			$	40,317			$	40,937
Additions for tax positions related to the current year	14,916				11,545				8,396
Additions for tax positions of prior years	2,653				5,318				2,308
Reductions for tax positions of prior years	(1,616		)		(4,109		)		(7,242		)
Reductions due to statute lapse	(402		)		(1,271		)		(18		)
Settlements, audit payments, refunds - net	(101		)		(6,674		)		(4,064		)
Balance at end of year	$	60,576			$	45,126			$	40,317

X

- Definition

INCOME TAXES [Abstract]

+ References

No definition available.

+ Details

Name:	gww_IncomeTaxesAbstract
Namespace Prefix:	gww_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration