XML 34 R23.htm IDEA: XBRL DOCUMENT v3.25.2
DEBT (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
Total debt, including long-term and current maturities, consisted of the following (in millions of dollars):
As of
June 30, 2025
December 31, 2024
Carrying ValueFair Value Carrying ValueFair Value
4.60% senior notes due 2045
$1,000 $884 $1,000 $894 
4.45% senior notes due 2034
500 489 500 477 
3.75% senior notes due 2046
400 329 400 332 
4.20% senior notes due 2047
400 311 400 312 
Japanese Yen term loans62 62 — — 
Debt issuance costs – net of amortization and other(21)(21)(21)(21)
Long-term debt2,341 2,054 2,279 1,994 
1.85% senior notes due 2025(1)
— — 500 498 
Other2 2 (1)(1)
Current maturities2 2 499 497 
Total debt$2,343 $2,056 $2,778 $2,491 
(1)On February 18, 2025, Grainger repaid in full the principal amount of $500 million for the 1.85% Senior Notes that matured in February 2025. The related interest rate swaps with a notional value of $450 million that hedged a portion of the interest rate risk related to this debt expired on February 15, 2025.