CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
CURRENT ASSETS
Cash and cash equivalents	$ 1,603	$ 360
Accounts receivable (less allowances for doubtful accounts of $25 and $21, respectively)	1,460	1,425
Inventories - net	1,695	1,655
Prepaid expenses and other current assets	127	104
Prepaid income taxes	33	11
Total current assets	4,918	3,555
PROPERTY, BUILDINGS AND EQUIPMENT - NET	1,365	1,400
DEFERRED INCOME TAXES	10	11
GOODWILL	365	429
INTANGIBLES - NET	223	304
OTHER ASSETS	313	306
TOTAL ASSETS	7,194	6,005
CURRENT LIABILITIES
Short-term debt	15	55
Current maturities of long-term debt	21	246
Trade accounts payable	770	719
Accrued compensation and benefits	212	228
Accrued contributions to employees’ profit sharing plans	33	85
Accrued expenses	312	318
Income taxes payable	25	27
Total current liabilities	1,388	1,678
LONG-TERM DEBT (less current maturities)	3,301	1,914
DEFERRED INCOME TAXES AND TAX UNCERTAINTIES	103	106
OTHER NON-CURRENT LIABILITIES	250	247
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	55	55
Additional contributed capital	1,198	1,182
Retained earnings	8,536	8,405
Accumulated other comprehensive losses	(151)	(154)
Treasury stock, at cost – 56,087,483 and 55,971,691 shares, respectively	(7,709)	(7,633)
Total W.W. Grainger, Inc. shareholders’ equity	1,929	1,855
Noncontrolling interest	223	205
Total shareholders' equity	2,152	2,060
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 7,194	$ 6,005