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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 290,136 $ 226,644
Accounts receivable (less allowances for doubtful accounts of $22,288 and $22,121, respectively) 1,209,641 1,172,924
Inventories – net 1,414,177 1,356,396
Prepaid expenses and other assets 85,670 102,669
Deferred income taxes 0 61,387
Prepaid income taxes 49,018 47,529
Total current assets 3,048,642 2,967,549
PROPERTY, BUILDINGS AND EQUIPMENT    
Land 323,765 337,573
Buildings, structures and improvements 1,352,498 1,269,491
Furniture, fixtures, machinery and equipment 1,694,050 1,508,066
Property, buildings and equipment – gross 3,370,313 3,115,130
Less: Accumulated depreciation and amortization 1,939,072 1,790,784
Property, buildings and equipment – net 1,431,241 1,324,346
DEFERRED INCOME TAXES 83,996 16,718
GOODWILL 582,336 506,905
INTANGIBLES – NET 463,294 263,930
OTHER ASSETS 248,246 203,601
TOTAL ASSETS 5,857,755 5,283,049
CURRENT LIABILITIES    
Short-term debt 353,072 56,896
Current maturities of long-term debt 247,346 23,404
Trade accounts payable 583,474 554,088
Accrued compensation and benefits 196,667 191,696
Accrued contributions to employees’ profit sharing plans 124,587 178,076
Accrued expenses 266,702 245,300
Income taxes payable 16,686 12,256
Total current liabilities 1,788,534 1,261,716
LONG-TERM DEBT (less current maturities) 1,388,414 403,333
DEFERRED INCOME TAXES AND TAX UNCERTAINTIES 154,352 95,455
EMPLOYMENT-RELATED AND OTHER NONCURRENT LIABILITIES 173,741 238,444
SHAREHOLDERS' EQUITY    
Cumulative Preferred Stock – $5 par value – 12,000,000 shares authorized; none issued or outstanding 0 0
Common Stock – $0.50 par value – 300,000,000 shares authorized; issued 109,659,219 shares 54,830 54,830
Additional contributed capital 1,000,476 948,340
Retained earnings 6,802,130 6,335,990
Accumulated other comprehensive losses (221,091) (96,673)
Treasury stock, at cost – 47,630,511 and 42,227,178 shares, respectively (5,369,711) (4,032,615)
Total W.W. Grainger, Inc. shareholders’ equity 2,266,634 3,209,872
Noncontrolling interest 86,080 74,229
Total shareholders' equity 2,352,714 3,284,101
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5,857,755 $ 5,283,049