XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 2,860,212 $ 2,615,269 $ 5,626,613 $ 5,156,398
Cost of goods sold 1,749,271 1,575,313 3,423,913 3,097,250
Gross profit 1,110,941 1,039,956 2,202,700 2,059,148
Selling, general and administrative expenses 766,955 810,876 1,523,884 1,537,567
Operating earnings 343,986 229,080 678,816 521,581
Other income (expense):        
Interest income 1,014 465 1,642 658
Interest expense (22,924) (22,468) (47,589) (41,181)
Losses from equity method investment (3,043) (6,121) (14,540) (14,495)
Other, net 4,327 6,240 12,025 11,306
Total other expense, net (20,626) (21,884) (48,462) (43,712)
Earnings before income taxes 323,360 207,196 630,354 477,869
Income taxes 75,617 100,237 141,826 188,057
Net earnings 247,743 106,959 488,528 289,812
Less: Net earnings attributable to noncontrolling interest 10,762 9,038 20,012 17,147
Net earnings attributable to W.W. Grainger, Inc. $ 236,981 $ 97,921 $ 468,516 $ 272,665
Earnings per share:        
Basic (in dollars per share) $ 4.19 $ 1.68 $ 8.29 $ 4.64
Diluted (in dollars per share) $ 4.16 $ 1.67 $ 8.23 $ 4.61
Weighted average number of shares outstanding:        
Basic (in shares) 56,109,809 58,012,731 56,086,592 58,363,416
Diluted (in shares) 56,552,644 58,287,312 56,478,645 58,741,262
Cash dividends paid per share (in dollars per share) $ 1.36 $ 1.28 $ 2.64 $ 2.50