XML 10 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 2,947 $ 2,831 $ 8,639 $ 8,458
Cost of goods sold 1,848 1,752 5,324 5,176
Gross profit 1,099 1,079 3,315 3,282
Selling, general and administrative expenses 761 890 2,234 2,414
Operating earnings 338 189 1,081 868
Other income (expense):        
Interest income 1 2 4 4
Interest expense (21) (22) (64) (70)
Other, net 4 2 18 0
Total other expense, net (16) (18) (42) (66)
Earnings before income taxes 322 171 1,039 802
Income taxes 78 56 261 198
Net earnings 244 115 778 604
Less: Net earnings attributable to noncontrolling interest 11 11 32 31
Net earnings attributable to W.W. Grainger, Inc. $ 233 $ 104 $ 746 $ 573
Earnings per share:        
Basic (in dollars per share) $ 4.27 $ 1.84 $ 13.46 $ 10.12
Diluted (in dollars per share) $ 4.25 $ 1.82 $ 13.40 $ 10.04
Weighted average number of shares outstanding:        
Basic (in shares) 54,125,184 56,339,630 54,962,699 56,172,277
Diluted (in shares) 54,354,904 56,803,857 55,220,266 56,588,530
Cash dividends paid per share (in dollars per share) $ 1.44 $ 1.36 $ 4.24 $ 4.00