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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 547 $ 585
Accounts receivable (less allowances for doubtful accounts of $29 and $27, respectively) 1,634 1,474
Inventories - net 1,707 1,733
Prepaid expenses and other current assets 169 127
Total current assets 4,057 3,919
Property, buildings and equipment - net 1,436 1,395
Goodwill 390 391
Intangibles - net 232 228
Other assets 347 362
Assets, Total 6,462 6,295
Current liabilities    
Current maturities of long-term debt 0 8
Trade accounts payable 954 779
Accrued compensation and benefits 285 307
Accrued expenses 321 305
Income taxes payable 29 42
Total current liabilities 1,589 1,441
Long-term debt (less current maturities) 2,375 2,389
Deferred income taxes and tax uncertainties 88 110
Other non-current liabilities 269 262
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 1,247 1,239
Retained earnings 9,089 8,779
Accumulated other comprehensive losses (74) (61)
Treasury Stock, at cost - 57,584,856 and 57,134,828 shares, respectively (8,449) (8,184)
Total W.W. Grainger, Inc. shareholders’ equity 1,868 1,828
Noncontrolling interest 273 265
Total shareholders' equity 2,141 2,093
Total liabilities and shareholders' equity $ 6,462 $ 6,295