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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 601 $ 325
Accounts receivable (less allowances for credit losses of $38 and $36, respectively) 2,444 2,133
Inventories – net 2,196 2,253
Prepaid expenses and other current assets 171 266
Total current assets 5,412 4,977
Property, buildings and equipment – net 1,543 1,461
Goodwill 364 371
Intangibles – net 238 232
Operating lease right-of-use 413 367
Other assets 170 180
Total assets 8,140 7,588
Current liabilities    
Current maturities 34 35
Trade accounts payable 1,067 1,047
Accrued compensation and benefits 297 334
Operating lease liability 73 68
Accrued expenses 403 474
Income taxes payable 24 52
Total current liabilities 1,898 2,010
Long-term debt 2,260 2,284
Long-term operating lease liability 361 318
Deferred income taxes and tax uncertainties 135 121
Other non-current liabilities 104 120
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 1,343 1,310
Retained earnings 11,859 10,700
Accumulated other comprehensive losses (219) (180)
Treasury stock, at cost – 59,937,912 and 59,402,896 shares, respectively (9,948) (9,445)
Total W.W. Grainger, Inc. shareholders’ equity 3,090 2,440
Noncontrolling interest 292 295
Total shareholders' equity 3,382 2,735
Total liabilities and shareholders' equity $ 8,140 $ 7,588