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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 241 $ 585
Accounts receivable (less allowance for credit losses of $30 and $27, respectively) 1,754 1,474
Inventories – net 1,870 1,733
Prepaid expenses and other current assets 146 127
Total current assets 4,011 3,919
Property, buildings and equipment – net 1,424 1,395
Goodwill 384 391
Intangibles – net 238 228
Operating lease right-of-use 393 210
Other assets 142 152
Total assets 6,592 6,295
Current liabilities    
Current maturities of long-term debt 0 8
Trade accounts payable 816 779
Accrued compensation and benefits 319 307
Operating lease liability 66 57
Accrued expenses 290 248
Income taxes payable 37 42
Total current liabilities 1,528 1,441
Long-term debt (less current maturities) 2,362 2,389
Long-term operating lease liability 334 162
Deferred income taxes and tax uncertainties 121 110
Other non-current liabilities 87 100
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 1,270 1,239
Retained earnings 9,500 8,779
Accumulated other comprehensive losses (96) (61)
Treasury stock, at cost – 58,439,014 and 57,134,828 shares, respectively (8,855) (8,184)
Total W.W. Grainger, Inc. shareholders’ equity 1,874 1,828
Noncontrolling interest 286 265
Total shareholders' equity 2,160 2,093
Total liabilities and shareholders' equity $ 6,592 $ 6,295