CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 769	$ 660
Accounts receivable (less allowances for credit losses of $37 and $35, respectively)	2,344	2,192
Inventories – net	2,169	2,266
Prepaid expenses and other current assets	239	156
Total current assets	5,521	5,274
Property, buildings and equipment – net	1,667	1,658
Goodwill	360	370
Intangibles – net	237	234
Operating lease right-of-use	396	429
Other assets	171	182
Total assets	8,352	8,147
Current liabilities
Current maturities	505	34
Trade accounts payable	1,106	954
Accrued compensation and benefits	254	327
Operating lease liability	72	71
Accrued expenses	424	397
Income taxes payable	36	48
Total current liabilities	2,397	1,831
Long-term debt	1,783	2,266
Long-term operating lease liability	352	381
Deferred income taxes and tax uncertainties	117	104
Other non-current liabilities	116	124
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	1,371	1,355
Retained earnings	12,917	12,162
Accumulated other comprehensive losses	(248)	(172)
Treasury stock, at cost – 60,777,600 and 60,341,817 shares, respectively	(10,818)	(10,285)
Total W.W. Grainger, Inc. shareholders’ equity	3,277	3,115
Noncontrolling interest	310	326
Total shareholders' equity	3,587	3,441
Total liabilities and shareholders' equity	$ 8,352	$ 8,147