Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 69.6	$ 58.9
Trade receivables (less allowances of $7.3 and $5.9, respectively)	1,175.8	1,187.0
Merchandise inventory	633.2	658.7
Other current assets	53.5	54.1
Total Current Assets	1,932.1	1,958.7
Property, at cost
Land	79.6	79.4
Buildings	495.1	489.2
Furniture and fixtures	242.2	233.0
Software	168.9	166.4
Finance leases	21.1	21.3
Total Property, at cost	1,006.9	989.3
Less – accumulated depreciation and amortization	(592.4)	(565.4)
Net Property	414.5	423.9
Operating Lease Right-of-use Assets	114.1	0.0
Other Non-current Assets	97.1	108.6
Total Assets	2,557.8	2,491.2
Current Liabilities
Short-term borrowings	110.0	235.0
Current portion of long-term debt	3.8	3.4
Trade accounts payable	903.2	895.2
Accrued payroll and benefit costs	102.1	158.2
Other accrued taxes	26.7	23.9
Current operating lease liabilities	27.0	0.0
Other current liabilities	94.0	101.0
Total Current Liabilities	1,266.8	1,416.7
Postretirement Benefits Liability	67.2	66.7
Pension Liability	123.1	118.6
Long-term Debt	8.2	10.0
Non-current Operating Lease Liabilities	92.0	0.0
Other Non-current Liabilities	3.4	8.7
Total Liabilities	1,560.7	1,620.7
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	429.1	428.8
Advance Payments on Subscriptions to Common Stock	1.0	0.0
Retained Earnings	788.9	678.1
Accumulated Other Comprehensive Loss	(226.7)	(240.3)
Total Graybar Electric Company, Inc. Shareholders’ Equity	992.3	866.6
Noncontrolling Interests	4.8	3.9
Total Shareholders’ Equity	997.1	870.5
Total Liabilities and Shareholders’ Equity	$ 2,557.8	$ 2,491.2