Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 60.8	$ 58.9
Trade receivables (less allowances of $6.2 and $5.9, respectively)	1,096.6	1,187.0
Merchandise inventory	654.2	658.7
Other current assets	51.7	54.1
Total Current Assets	1,863.3	1,958.7
Property, at cost
Land	79.6	79.4
Buildings	505.5	489.2
Furniture and fixtures	250.4	233.0
Software	168.6	166.4
Finance leases	18.3	21.3
Total Property, at cost	1,022.4	989.3
Less – accumulated depreciation and amortization	(597.2)	(565.4)
Net Property	425.2	423.9
Operating Lease Right-of-use Assets	117.5
Other Non-current Assets	111.7	108.6
Total Assets	2,517.7	2,491.2
Current Liabilities
Short-term borrowings	138.0	235.0
Current portion of long-term debt	3.8	3.4
Trade accounts payable	832.3	895.2
Accrued payroll and benefit costs	151.1	158.2
Other accrued taxes	24.7	23.9
Current operating lease liabilities	28.6
Other current liabilities	101.1	101.0
Total Current Liabilities	1,279.6	1,416.7
Postretirement Benefits Liability	69.4	66.7
Pension Liability	164.6	118.6
Long-term Debt	7.8	10.0
Non-current Operating Lease Liabilities	96.2
Other Non-current Liabilities	2.3	8.7
Total Liabilities	1,619.9	1,620.7
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	449.5	428.8
Common shares subscribed	19.9	19.2
Less subscriptions receivable	(19.9)	(19.2)
Retained Earnings	694.0	678.1
Accumulated Other Comprehensive Loss	(250.6)	(240.3)
Total Graybar Electric Company, Inc. Shareholders’ Equity	892.9	866.6
Noncontrolling Interests	4.9	3.9
Total Shareholders’ Equity	897.8	870.5
Total Liabilities and Shareholders’ Equity	$ 2,517.7	$ 2,491.2