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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 325 $ 241
Accounts receivable (less allowance for credit losses of $36 and $30, respectively) 2,133 1,754
Inventories – net 2,253 1,870
Prepaid expenses and other current assets 266 146
Total current assets 4,977 4,011
Property, buildings and equipment – net 1,461 1,424
Goodwill 371 384
Intangibles – net 232 238
Operating lease right-of-use 367 393
Other assets 180 142
Total assets 7,588 6,592
Current liabilities    
Current maturities 35 0
Trade accounts payable 1,047 816
Accrued compensation and benefits 334 319
Operating lease liability 68 66
Accrued expenses 474 290
Income taxes payable 52 37
Total current liabilities 2,010 1,528
Long-term debt 2,284 2,362
Long-term operating lease liability 318 334
Deferred income taxes and tax uncertainties 121 121
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; issued 109,659,219 shares 55 55
Additional contributed capital 1,310 1,270
Retained earnings 10,700 9,500
Accumulated other comprehensive losses (180) (96)
Treasury stock, at cost – 59,402,896 and 58,439,014 shares, respectively (9,445) (8,855)
Total W.W. Grainger, Inc. shareholders’ equity 2,440 1,874
Noncontrolling interest 295 286
Total shareholders' equity 2,735 2,160
Total liabilities and shareholders' equity $ 7,588 $ 6,592