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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 286 $ 538
Accounts receivable (less allowances for doubtful accounts of $22 and $25, respectively) 1,495 1,385
Inventories 1,520 1,541
Prepaid expenses and other assets 86 83
Prepaid income taxes 9 10
Total current assets 3,396 3,557
PROPERTY, BUILDINGS AND EQUIPMENT, NET 1,384 1,352
DEFERRED INCOME TAXES 13 12
GOODWILL 425 424
INTANGIBLES, NET 422 460
OTHER ASSETS 282 68
TOTAL ASSETS 5,922 5,873
CURRENT LIABILITIES    
Short-term debt 51 49
Current maturities of long-term debt 219 81
Trade accounts payable 723 678
Accrued compensation and benefits 170 262
Accrued contributions to employees’ profit sharing plans 70 133
Accrued expenses 327 269
Income taxes payable 12 29
Total current liabilities 1,572 1,501
LONG-TERM DEBT (less current maturities) 1,918 2,090
DEFERRED INCOME TAXES AND TAX UNCERTAINTIES 120 103
OTHER NON-CURRENT LIABILITIES 240 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 1,161 1,134
Retained earnings 8,380 7,869
Accumulated other comprehensive losses (174) (171)
Treasury stock, at cost – 55,792,965 and 53,796,859 shares, respectively (7,551) (6,966)
Total W.W. Grainger, Inc. shareholders’ equity 1,871 1,921
Noncontrolling interest 201 172
Total shareholders' equity 2,072 2,093
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5,922 $ 5,873