Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current Assets
Cash and cash equivalents	$ 217.0	$ 60.8
Trade receivables (less allowances of $6.9 and $6.2, respectively)	1,110.8	1,096.6
Merchandise inventory	571.7	654.2
Other current assets	52.7	51.7
Total Current Assets	1,952.2	1,863.3
Property, at cost
Land	79.5	79.6
Buildings	508.9	505.5
Furniture and fixtures	253.6	250.4
Software	175.7	168.6
Finance leases	18.5	18.3
Total Property, at cost	1,036.2	1,022.4
Accumulated depreciation and amortization	(620.8)	(597.2)
Net Property	415.4	425.2
Operating Lease Right-of-use Assets	123.6	117.5
Other Non-current Assets	115.5	111.7
Total Assets	2,606.7	2,517.7
Current Liabilities
Short-term borrowings	125.0	138.0
Current portion of long-term debt	2.4	3.8
Trade accounts payable	875.1	832.3
Accrued payroll and benefit costs	99.5	151.1
Other accrued taxes	38.7	24.7
Current operating lease liabilities	30.9	28.6
Other current liabilities	111.5	101.1
Total Current Liabilities	1,283.1	1,279.6
Postretirement Benefits Liability	69.3	69.4
Pension Liability	154.2	164.6
Long-term Debt	6.2	7.8
Non-current Operating Lease Liabilities	100.9	96.2
Other Non-current Liabilities	2.6	2.3
Total Liabilities	1,616.3	1,619.9
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	452.3	449.5
Advance Payments on Subscriptions to Common Stock	1.0
Retained Earnings	766.5	694.0
Accumulated Other Comprehensive Loss	(233.7)	(250.6)
Total Graybar Electric Company, Inc. Shareholders’ Equity	986.1	892.9
Noncontrolling Interests	4.3	4.9
Total Shareholders’ Equity	990.4	897.8
Total Liabilities and Shareholders’ Equity	$ 2,606.7	$ 2,517.7