Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 85.0	$ 58.9
Trade receivables (less allowances of $6.0 and $5.9, respectively)	1,124.2	1,187.0
Merchandise inventory	696.3	658.7
Other current assets	53.5	54.1
Total Current Assets	1,959.0	1,958.7
Property, at cost
Land	79.5	79.4
Buildings	489.6	489.2
Furniture and fixtures	234.8	233.0
Software	167.5	166.4
Finance leases	22.5	21.3
Total Property, at cost	993.9	989.3
Less – accumulated depreciation and amortization	(574.4)	(565.4)
Net Property	419.5	423.9
Operating Lease Right-of-use Assets	94.6	0.0
Other Non-current Assets	107.2	108.6
Total Assets	2,580.3	2,491.2
Current Liabilities
Short-term borrowings	220.0	235.0
Current portion of long-term debt	3.8	3.4
Trade accounts payable	925.3	895.2
Accrued payroll and benefit costs	109.5	158.2
Other accrued taxes	23.9	23.9
Current operating lease liabilities	26.0	0.0
Other current liabilities	89.0	101.0
Total Current Liabilities	1,397.5	1,416.7
Postretirement Benefits Liability	66.9	66.7
Pension Liability	122.5	118.6
Long-term Debt	8.7	10.0
Non-current Operating Lease Liabilities	73.1	0.0
Other Non-current Liabilities	3.3	8.7
Total Liabilities	1,672.0	1,620.7
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	432.1	428.8
Advance Payments on Subscriptions to Common Stock	1.1	0.0
Retained Earnings	705.9	678.1
Accumulated Other Comprehensive Loss	(234.6)	(240.3)
Total Graybar Electric Company, Inc. Shareholders’ Equity	904.5	866.6
Noncontrolling Interests	3.8	3.9
Total Shareholders’ Equity	908.3	870.5
Total Liabilities and Shareholders’ Equity	$ 2,580.3	$ 2,491.2