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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 804 $ 660
Accounts receivable (less allowances for credit losses of $36 and $35, respectively) 2,330 2,192
Inventories – net 2,178 2,266
Prepaid expenses and other current assets 228 156
Total current assets 5,540 5,274
Property, buildings and equipment – net 1,667 1,658
Goodwill 364 370
Intangibles – net 236 234
Operating lease right-of-use 408 429
Other assets 185 182
Total assets 8,400 8,147
Current liabilities    
Current maturities 501 34
Trade accounts payable 1,133 954
Accrued compensation and benefits 235 327
Operating lease liability 71 71
Accrued expenses 444 397
Income taxes payable 144 48
Total current liabilities 2,528 1,831
Long-term debt 1,783 2,266
Long-term operating lease liability 359 381
Deferred income taxes and tax uncertainties 101 104
Other non-current liabilities 120 124
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 1,363 1,355
Retained earnings 12,548 12,162
Accumulated other comprehensive losses (207) (172)
Treasury stock, at cost – 60,582,972 and 60,341,817 shares, respectively (10,560) (10,285)
Total W.W. Grainger, Inc. shareholders’ equity 3,199 3,115
Noncontrolling interest 310 326
Total shareholders' equity 3,509 3,441
Total liabilities and shareholders' equity $ 8,400 $ 8,147