XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 3,018 $ 2,947 $ 8,856 $ 8,639
Cost of goods sold 1,944 1,848 5,645 5,324
Gross profit 1,074 1,099 3,211 3,315
Selling, general and administrative expenses 694 761 2,467 2,234
Operating earnings 380 338 744 1,081
Other (income) expense:        
Interest expense, net 23 20 72 60
Other, net (5) (4) (16) (18)
Total other expense, net 18 16 56 42
Earnings before income taxes 362 322 688 1,039
Income tax provision 106 78 118 261
Net earnings 256 244 570 778
Less: Net earnings attributable to noncontrolling interest 16 11 43 32
Net earnings attributable to W.W. Grainger, Inc. $ 240 $ 233 $ 527 $ 746
Earnings per share:        
Basic (in dollars per share) $ 4.43 $ 4.27 $ 9.74 $ 13.46
Diluted (in dollars per share) $ 4.41 $ 4.25 $ 9.70 $ 13.40
Weighted average number of shares outstanding:        
Basic (in shares) 53.6 54.1 53.6 55.0
Diluted (in shares) 53.9 54.4 53.8 55.2
Cash dividends paid per share (in dollars per share) $ 1.53 $ 1.44 $ 4.41 $ 4.24