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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 238,801 $ 274,146
Accounts receivable (less allowances for doubtful accounts of $28,208 and $26,690, respectively) 1,325,218 1,223,096
Inventories – net 1,388,091 1,406,470
Prepaid expenses and other assets 110,427 81,766
Prepaid income taxes 33,646 34,751
Total current assets 3,096,183 3,020,229
PROPERTY, BUILDINGS AND EQUIPMENT 3,396,242 3,411,502
Less: Accumulated depreciation and amortization 1,985,930 1,990,611
Property, buildings and equipment – net 1,410,312 1,420,891
DEFERRED INCOME TAXES 79,664 64,775
GOODWILL 533,012 527,150
INTANGIBLES - NET 587,418 586,126
OTHER ASSETS 75,960 75,136
TOTAL ASSETS 5,782,549 5,694,307
CURRENT LIABILITIES    
Short-term debt 421,555 386,140
Current maturities of long-term debt 20,069 19,966
Trade accounts payable 672,471 650,092
Accrued compensation and benefits 145,037 212,525
Accrued contributions to employees’ profit sharing plans 23,181 54,948
Accrued expenses 317,243 290,207
Income taxes payable 88,874 15,059
Total current liabilities 1,688,430 1,628,937
LONG-TERM DEBT (less current maturities) 1,847,717 1,840,946
DEFERRED INCOME TAXES AND TAX UNCERTAINTIES 133,984 126,101
EMPLOYMENT-RELATED AND OTHER NON-CURRENT LIABILITIES 195,895 192,555
SHAREHOLDERS' EQUITY    
Cumulative Preferred Stock – $5 par value – 12,000,000 shares authorized; none issued nor outstanding 0 0
Common Stock – $0.50 par value – 300,000,000 shares authorized; 109,659,219 shares issued 54,830 54,830
Additional contributed capital 1,031,926 1,030,256
Retained earnings 7,216,018 7,113,559
Accumulated other comprehensive losses (249,933) (272,294)
Treasury stock, at cost – 51,253,521 and 50,854,905 shares, respectively (6,258,039) (6,128,416)
Total W.W. Grainger, Inc. shareholders’ equity 1,794,802 1,797,935
Noncontrolling interest 121,721 107,833
Total shareholders' equity 1,916,523 1,905,768
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5,782,549 $ 5,694,307