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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 262 $ 241
Accounts receivable (less allowances for credit losses of $34 and $30, respectively) 2,099 1,754
Inventories – net 1,990 1,870
Prepaid expenses and other current assets 162 146
Total current assets 4,513 4,011
Property, buildings and equipment – net 1,438 1,424
Goodwill 374 384
Intangibles – net 227 238
Operating lease right-of-use 337 393
Other assets 160 142
Total assets 7,049 6,592
Current liabilities    
Current maturities of long-term debt 17 0
Trade accounts payable 1,054 816
Accrued compensation and benefits 282 319
Operating lease liability 68 66
Accrued expenses 299 290
Income taxes payable 30 37
Total current liabilities 1,750 1,528
Long-term debt (less current maturities) 2,309 2,362
Long-term operating lease liability 282 334
Deferred income taxes and tax uncertainties 131 121
Other non-current liabilities 112 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 1,287 1,270
Retained earnings 10,066 9,500
Accumulated other comprehensive losses (165) (96)
Treasury stock, at cost – 58,709,727 and 58,439,014 shares, respectively (9,042) (8,855)
Total W.W. Grainger, Inc. shareholders’ equity 2,201 1,874
Noncontrolling interest 264 286
Total shareholders' equity 2,465 2,160
Total liabilities and shareholders' equity $ 7,049 $ 6,592