v3.25.1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 666	$ 1,036
Accounts receivable (less allowance for credit losses of $33 and $32, respectively)	2,369	2,232
Inventories – net	2,309	2,306
Prepaid expenses and other current assets	186	163
Total current assets	5,530	5,737
Property, buildings and equipment – net	1,974	1,927
Goodwill	356	355
Intangibles – net	249	243
Operating lease right-of-use	366	371
Other assets	183	196
Total assets	8,658	8,829
Current liabilities
Current maturities	3	499
Trade accounts payable	1,114	952
Accrued compensation and benefits	272	324
Operating lease liability	78	78
Accrued expenses	412	407
Income taxes payable	138	45
Total current liabilities	2,017	2,305
Long-term debt	2,278	2,279
Long-term operating lease liability	320	327
Deferred income taxes and tax uncertainties	97	101
Other non-current liabilities	99	114
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	1,409	1,399
Retained earnings	14,057	13,677
Accumulated other comprehensive losses	(255)	(274)
Treasury stock, at cost – 61,584,626 and 61,326,349 shares, respectively	(11,786)	(11,499)
Total W.W. Grainger, Inc. shareholders’ equity	3,480	3,358
Noncontrolling interest	367	345
Total shareholders' equity	3,847	3,703
Total liabilities and shareholders' equity	$ 8,658	$ 8,829

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(15)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

W.W. GRAINGER, INC. 10-Q