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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 515 $ 325
Accounts receivable (less allowances for credit losses of $37 and $36, respectively) 2,418 2,133
Inventories – net 2,223 2,253
Prepaid expenses and other current assets 187 266
Total current assets 5,343 4,977
Property, buildings and equipment – net 1,485 1,461
Goodwill 368 371
Intangibles – net 237 232
Operating lease right-of-use 428 367
Other assets 170 180
Total assets 8,031 7,588
Current liabilities    
Current maturities 33 35
Trade accounts payable 1,158 1,047
Accrued compensation and benefits 254 334
Operating lease liability 74 68
Accrued expenses 368 474
Income taxes payable 33 52
Total current liabilities 1,920 2,010
Long-term debt 2,275 2,284
Long-term operating lease liability 375 318
Deferred income taxes and tax uncertainties 131 121
Other non-current liabilities 103 120
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 1,331 1,310
Retained earnings 11,477 10,700
Accumulated other comprehensive losses (184) (180)
Treasury stock, at cost – 59,660,871 and 59,402,896 shares, respectively (9,744) (9,445)
Total W.W. Grainger, Inc. shareholders’ equity 2,935 2,440
Noncontrolling interest 292 295
Total shareholders' equity 3,227 2,735
Total liabilities and shareholders' equity $ 8,031 $ 7,588