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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 315 $ 241
Accounts receivable (less allowances for credit losses of $36 and $30, respectively) 2,158 1,754
Inventories – net 2,071 1,870
Prepaid expenses and other current assets 142 146
Total current assets 4,686 4,011
Property, buildings and equipment – net 1,409 1,424
Goodwill 363 384
Intangibles – net 222 238
Operating lease right-of-use 360 393
Other assets 161 142
Total assets 7,201 6,592
Current liabilities    
Current maturities 16 0
Trade accounts payable 1,038 816
Accrued compensation and benefits 307 319
Operating lease liability 67 66
Accrued expenses 332 290
Income taxes payable 25 37
Total current liabilities 1,785 1,528
Long-term debt 2,294 2,362
Long-term operating lease liability 305 334
Deferred income taxes and tax uncertainties 135 121
Other non-current liabilities 120 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 1,299 1,270
Retained earnings 10,402 9,500
Accumulated other comprehensive losses (225) (96)
Treasury stock, at cost – 59,028,249 and 58,439,014 shares, respectively (9,223) (8,855)
Total W.W. Grainger, Inc. shareholders’ equity 2,308 1,874
Noncontrolling interest 254 286
Total shareholders' equity 2,562 2,160
Total liabilities and shareholders' equity $ 7,201 $ 6,592