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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 1,492 $ 360
Accounts receivable (less allowances for doubtful accounts of $24 and $21, respectively) 1,613 1,425
Inventories - net 1,615 1,655
Prepaid expenses and other current assets 129 104
Prepaid income taxes 65 11
Total current assets 4,914 3,555
PROPERTY, BUILDINGS AND EQUIPMENT - NET 1,357 1,400
DEFERRED INCOME TAXES 10 11
GOODWILL 361 429
INTANGIBLES - NET 226 304
OTHER ASSETS 309 306
TOTAL ASSETS 7,177 6,005
CURRENT LIABILITIES    
Short-term debt 17 55
Current maturities of long-term debt 21 246
Trade accounts payable 863 719
Accrued compensation and benefits 177 228
Accrued contributions to employees’ profit sharing plans 19 85
Accrued expenses 384 318
Income taxes payable 19 27
Total current liabilities 1,500 1,678
LONG-TERM DEBT (less current maturities) 3,303 1,914
DEFERRED INCOME TAXES AND TAX UNCERTAINTIES 99 106
OTHER NON-CURRENT LIABILITIES 245 247
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 1,192 1,182
Retained earnings 8,500 8,405
Accumulated other comprehensive losses (217) (154)
Treasury stock, at cost – 56,191,283 and 55,971,691 shares, respectively (7,720) (7,633)
Total W.W. Grainger, Inc. shareholders’ equity 1,810 1,855
Noncontrolling interest 220 205
Total shareholders' equity 2,030 2,060
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 7,177 $ 6,005