Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current Assets
Cash and cash equivalents	$ 169.4	$ 60.8
Trade receivables (less allowances of $7.0 and $6.2, respectively)	1,138.1	1,096.6
Merchandise inventory	646.6	654.2
Other current assets	56.2	51.7
Total Current Assets	2,010.3	1,863.3
Property, at cost
Land	79.3	79.6
Buildings	506.1	505.5
Furniture and fixtures	251.3	250.4
Software	171.3	168.6
Finance leases	18.5	18.3
Total Property, at cost	1,026.5	1,022.4
Accumulated depreciation and amortization	(606.1)	(597.2)
Net Property	420.4	425.2
Operating Lease Right-of-use Assets	125.0	117.5
Other Non-current Assets	110.3	111.7
Total Assets	2,666.0	2,517.7
Current Liabilities
Short-term borrowings	270.0	138.0
Current portion of long-term debt	2.4	3.8
Trade accounts payable	900.7	832.3
Accrued payroll and benefit costs	102.1	151.1
Other accrued taxes	21.6	24.7
Current operating lease liabilities	30.2	28.6
Other current liabilities	84.2	101.1
Total Current Liabilities	1,411.2	1,279.6
Postretirement Benefits Liability	69.4	69.4
Pension Liability	158.6	164.6
Long-term Debt	7.2	7.8
Non-current Operating Lease Liabilities	102.4	96.2
Other Non-current Liabilities	2.3	2.3
Total Liabilities	1,751.1	1,619.9
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	454.7	449.5
Advance Payments on Subscriptions to Common Stock	1.1	0.0
Retained Earnings	708.5	694.0
Accumulated Other Comprehensive Loss	(254.0)	(250.6)
Total Graybar Electric Company, Inc. Shareholders’ Equity	910.3	892.9
Noncontrolling Interests	4.6	4.9
Total Shareholders’ Equity	914.9	897.8
Total Liabilities and Shareholders’ Equity	$ 2,666.0	$ 2,517.7