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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,448 $ 660
Accounts receivable (less allowance for credit losses of $36 and $35, respectively) 2,346 2,192
Inventories – net 2,170 2,266
Prepaid expenses and other current assets 219 156
Total current assets 6,183 5,274
Property, buildings and equipment – net 1,746 1,658
Goodwill 366 370
Intangibles – net 247 234
Operating lease right-of-use 400 429
Other assets 172 182
Total assets 9,114 8,147
Current liabilities    
Current maturities 497 34
Trade accounts payable 1,046 954
Accrued compensation and benefits 306 327
Operating lease liability 78 71
Accrued expenses 429 397
Income taxes payable 27 48
Total current liabilities 2,383 1,831
Long-term debt 2,279 2,266
Long-term operating lease liability 353 381
Deferred income taxes and tax uncertainties 125 104
Other non-current liabilities 118 124
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 1,388 1,355
Retained earnings 13,302 12,162
Accumulated other comprehensive losses (210) (172)
Treasury stock, at cost – 60,951,791 and 60,341,817 shares, respectively (11,032) (10,285)
Total W.W. Grainger, Inc. shareholders’ equity 3,503 3,115
Noncontrolling interest 353 326
Total shareholders' equity 3,856 3,441
Total liabilities and shareholders' equity $ 9,114 $ 8,147