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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 364 $ 241
Accounts receivable (less allowances for credit losses of $32 and $30, respectively) 2,001 1,754
Inventories – net 1,929 1,870
Prepaid expenses and other current assets 145 146
Total current assets 4,439 4,011
Property, buildings and equipment – net 1,434 1,424
Goodwill 384 384
Intangibles – net 229 238
Operating lease right-of-use 361 393
Other assets 146 142
Total assets 6,993 6,592
Current liabilities    
Trade accounts payable 1,038 816
Accrued compensation and benefits 222 319
Operating lease liability 67 66
Accrued expenses 324 290
Income taxes payable 91 37
Total current liabilities 1,742 1,528
Long-term debt 2,338 2,362
Long-term operating lease liability 303 334
Deferred income taxes and tax uncertainties 126 121
Other non-current liabilities 114 87
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 1,280 1,270
Retained earnings 9,782 9,500
Accumulated other comprehensive losses (109) (96)
Treasury stock, at cost – 58,557,553 and 58,439,014 shares, respectively (8,927) (8,855)
Total W.W. Grainger, Inc. shareholders’ equity 2,081 1,874
Noncontrolling interest 289 286
Total shareholders' equity 2,370 2,160
Total liabilities and shareholders' equity $ 6,993 $ 6,592