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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 392 $ 538
Accounts receivable (less allowances for doubtful accounts of $26 and $25, respectively) 1,485 1,385
Inventories 1,523 1,541
Prepaid expenses and other assets 102 83
Prepaid income taxes 6 10
Total current assets 3,508 3,557
PROPERTY, BUILDINGS AND EQUIPMENT, NET 1,358 1,352
DEFERRED INCOME TAXES 14 12
GOODWILL 425 424
INTANGIBLES, NET 446 460
OTHER ASSETS 263 68
TOTAL ASSETS 6,014 5,873
CURRENT LIABILITIES    
Short-term debt 52 49
Current maturities of long-term debt 82 81
Trade accounts payable 741 678
Accrued compensation and benefits 146 262
Accrued contributions to employees’ profit sharing plans 27 133
Accrued expenses 324 269
Income taxes payable 90 29
Total current liabilities 1,462 1,501
LONG-TERM DEBT (less current maturities) 2,077 2,090
DEFERRED INCOME TAXES AND TAX UNCERTAINTIES 101 103
OTHER NON-CURRENT LIABILITIES 222 86
SHAREHOLDERS' EQUITY    
Cumulative Preferred Stock – $5 par value – 12,000,000 shares authorized; none issued nor outstanding 0 0
Common Stock – $0.50 par value – 300,000,000 shares authorized; 109,659,219 shares issued 55 55
Additional contributed capital 1,137 1,134
Retained earnings 8,045 7,869
Accumulated other comprehensive losses (168) (171)
Treasury stock, at cost – 54,215,628 and 53,796,859 shares, respectively (7,098) (6,966)
Total W.W. Grainger, Inc. shareholders’ equity 1,971 1,921
Noncontrolling interest 181 172
Total shareholders' equity 2,152 2,093
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 6,014 $ 5,873