Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 55.2	$ 58.9
Trade receivables (less allowances of $7.3 and $5.9, respectively)	1,183.1	1,187.0
Merchandise inventory	689.5	658.7
Other current assets	52.8	54.1
Total Current Assets	1,980.6	1,958.7
Property, at cost
Land	79.6	79.4
Buildings	491.5	489.2
Furniture and fixtures	238.0	233.0
Software	168.3	166.4
Finance leases	21.6	21.3
Total Property, at cost	999.0	989.3
Less – accumulated depreciation and amortization	(583.4)	(565.4)
Net Property	415.6	423.9
Operating Lease Right-of-use Assets	106.8	0.0
Other Non-current Assets	106.6	108.6
Total Assets	2,609.6	2,491.2
Current Liabilities
Short-term borrowings	186.5	235.0
Current portion of long-term debt	3.9	3.4
Trade accounts payable	953.1	895.2
Accrued payroll and benefit costs	80.4	158.2
Other accrued taxes	21.7	23.9
Current operating lease liabilities	26.9	0.0
Other current liabilities	93.7	101.0
Total Current Liabilities	1,366.2	1,416.7
Postretirement Benefits Liability	67.0	66.7
Pension Liability	127.7	118.6
Long-term Debt	8.5	10.0
Non-current Operating Lease Liabilities	84.5	0.0
Other Non-current Liabilities	3.5	8.7
Total Liabilities	1,657.4	1,620.7
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	430.5	428.8
Advance Payments on Subscriptions to Common Stock	0.5	0.0
Retained Earnings	746.4	678.1
Accumulated Other Comprehensive Loss	(229.1)	(240.3)
Total Graybar Electric Company, Inc. Shareholders’ Equity	948.3	866.6
Noncontrolling Interests	3.9	3.9
Total Shareholders’ Equity	952.2	870.5
Total Liabilities and Shareholders’ Equity	$ 2,609.6	$ 2,491.2