Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current Assets
Cash and cash equivalents	$ 138.8	$ 131.2
Trade receivables (less allowances of $7.0 and $6.9, respectively)	1,138.4	1,109.0
Merchandise inventory	625.1	588.5
Other current assets	57.5	56.6
Total Current Assets	1,959.8	1,885.3
Property, at cost
Land	80.0	78.9
Buildings	508.3	504.5
Furniture and fixtures	256.1	255.7
Software	154.6	153.5
Finance leases	14.3	14.6
Total Property, at cost	1,013.3	1,007.2
Accumulated depreciation and amortization	(607.0)	(600.6)
Net Property	406.3	406.6
Operating Lease Right-of-use Assets	120.6	118.8
Other Non-current Assets	141.5	140.5
Total Assets	2,628.2	2,551.2
Current Liabilities
Short-term borrowings		50.0
Current portion of long-term debt	2.2	2.3
Trade accounts payable	979.6	884.1
Accrued payroll and benefit costs	99.7	121.7
Other accrued taxes	44.8	44.2
Current operating lease liabilities	31.6	31.2
Other current liabilities	107.1	104.4
Total Current Liabilities	1,265.0	1,237.9
Postretirement Benefits Liability	74.0	74.1
Pension Liability	192.2	197.9
Long-term Debt	5.3	5.7
Non-current Operating Lease Liabilities	97.2	95.9
Other Non-current Liabilities	4.7	4.7
Total Liabilities	1,638.4	1,616.2
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	457.8	452.1
Advance Payments on Subscriptions to Common Stock	1.1
Retained Earnings	765.4	725.1
Accumulated Other Comprehensive Loss	(238.7)	(246.7)
Total Graybar Electric Company, Inc. Shareholders’ Equity	985.6	930.5
Noncontrolling Interests	4.2	4.5
Total Shareholders’ Equity	989.8	935.0
Total Liabilities and Shareholders’ Equity	$ 2,628.2	$ 2,551.2