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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 461 $ 325
Accounts receivable (less allowances for credit losses of $38 and $36, respectively) 2,294 2,133
Inventories – net 2,252 2,253
Prepaid expenses and other current assets 183 266
Total current assets 5,190 4,977
Property, buildings and equipment – net 1,468 1,461
Goodwill 370 371
Intangibles – net 234 232
Operating lease right-of-use 386 367
Other assets 177 180
Total assets 7,825 7,588
Current liabilities    
Current maturities 37 35
Trade accounts payable 1,074 1,047
Accrued compensation and benefits 230 334
Operating lease liability 65 68
Accrued expenses 372 474
Income taxes payable 146 52
Total current liabilities 1,924 2,010
Long-term debt 2,278 2,284
Long-term operating lease liability 340 318
Deferred income taxes and tax uncertainties 129 121
Other non-current liabilities 109 120
Shareholders' equity    
Cumulative preferred stock – $5 par value – 12,000,000 shares authorized; none issued or outstanding 0 0
Common Stock – $0.50 par value – 300,000,000 shares authorized; 109,659,219 shares issued 55 55
Additional contributed capital 1,324 1,310
Retained earnings 11,101 10,700
Accumulated other comprehensive losses (176) (180)
Treasury stock, at cost – 59,502,483 and 59,402,896 shares, respectively (9,569) (9,445)
Total W.W. Grainger, Inc. shareholders’ equity 2,735 2,440
Noncontrolling interest 310 295
Total shareholders' equity 3,045 2,735
Total liabilities and shareholders' equity $ 7,825 $ 7,588