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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 328 $ 585
Accounts receivable (less allowances for credit losses of $29 and $27, respectively) 1,742 1,474
Inventories - net 1,786 1,733
Prepaid expenses and other current assets 149 127
Total current assets 4,005 3,919
Property, buildings and equipment - net 1,429 1,395
Goodwill 387 391
Intangibles - net 233 228
Other assets 336 362
Total assets 6,390 6,295
Current liabilities    
Current maturities of long-term debt 0 8
Trade accounts payable 933 779
Accrued compensation and benefits 259 307
Accrued expenses 336 305
Income taxes payable 22 42
Total current liabilities 1,550 1,441
Long-term debt (less current maturities) 2,372 2,389
Deferred income taxes and tax uncertainties 88 110
Other non-current liabilities 263 262
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; issued 109,659,219 shares 55 55
Additional contributed capital 1,255 1,239
Retained earnings 9,301 8,779
Accumulated other comprehensive losses (94) (61)
Treasury stock, at cost – 58,139,172 and 57,134,828 shares, respectively (8,690) (8,184)
Total W.W. Grainger, Inc. shareholders’ equity 1,827 1,828
Noncontrolling interest 290 265
Total shareholders' equity 2,117 2,093
Total liabilities and shareholders' equity $ 6,390 $ 6,295