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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 585 $ 360
Accounts receivable (less allowance for credit losses of $27 and $21, respectively) 1,474 1,425
Inventories – net 1,733 1,655
Prepaid expenses and other current assets 120 104
Prepaid income taxes 7 11
Total current assets 3,919 3,555
Property, buildings and equipment – net 1,395 1,400
Deferred income taxes 14 11
Goodwill 391 429
Intangibles – net 228 304
Other assets 348 306
Total assets 6,295 6,005
Current liabilities    
Short-term debt 0 55
Current maturities of long-term debt 8 246
Trade accounts payable 779 719
Accrued compensation and benefits 240 228
Accrued contributions to employees’ profit-sharing plans 67 85
Accrued expenses 305 318
Income taxes payable 42 27
Total current liabilities 1,441 1,678
Long-term debt (less current maturities) 2,389 1,914
Deferred income taxes and tax uncertainties 110 106
Other non-current liabilities 262 247
Shareholders' equity    
Cumulative Preferred Stock – $5 par value – 12,000,000 shares authorized; none issued or outstanding 0 0
Common Stock – $0.50 par value – 300,000,000 shares authorized; issued 109,659,219 shares 55 55
Additional contributed capital 1,239 1,182
Retained earnings 8,779 8,405
Accumulated other comprehensive losses (61) (154)
Treasury stock, at cost - 57,134,828 and 55,971,691 shares, respectively (8,184) (7,633)
Total W.W. Grainger, Inc. shareholders’ equity 1,828 1,855
Noncontrolling interest 265 205
Total shareholders' equity 2,093 2,060
Total liabilities and shareholders' equity $ 6,295 $ 6,005