CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 538	$ 327
Accounts receivable – net	1,385	1,325
Inventories – net	1,541	1,429
Prepaid expenses and other assets	83	87
Prepaid income taxes	10	38
Total current assets	3,557	3,206
PROPERTY, BUILDINGS AND EQUIPMENT – NET	1,352	1,392
DEFERRED INCOME TAXES	12	22
GOODWILL	424	544
INTANGIBLES – NET	460	569
OTHER ASSETS	68	71
TOTAL ASSETS	5,873	5,804
CURRENT LIABILITIES
Short-term debt	49	56
Current maturities of long-term debt	81	39
Trade accounts payable	678	731
Accrued compensation and benefits	262	254
Accrued contributions to employees’ profit-sharing plans	133	93
Accrued expenses	269	314
Income taxes payable	29	20
Total current liabilities	1,501	1,507
LONG-TERM DEBT (less current maturities)	2,090	2,248
DEFERRED INCOME TAXES AND TAX UNCERTAINTIES	103	111
EMPLOYMENT-RELATED AND OTHER NON-CURRENT LIABILITIES	86	110
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	55	55
Additional contributed capital	1,134	1,041
Retained earnings	7,869	7,405
Accumulated other comprehensive losses	(171)	(135)
Treasury stock, at cost – 53,796,859 and 53,330,356 shares, respectively	(6,966)	(6,676)
Total W.W. Grainger, Inc. shareholders’ equity	1,921	1,690
Noncontrolling interest	172	138
Total shareholders' equity	2,093	1,828
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 5,873	$ 5,804

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.