Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 69.4	$ 48.5
Trade receivables (less allowances of $13.4 and $9.1, respectively)	1,673.0	1,407.6
Merchandise inventory	1,026.3	808.4
Other current assets	83.7	54.8
Total Current Assets	2,852.4	2,319.3
Property, at cost
Land	97.3	97.6
Buildings	562.1	534.1
Furniture and fixtures	282.9	261.7
Software	148.0	151.4
Finance leases	12.8	14.0
Total Property, at cost	1,103.1	1,058.8
Accumulated depreciation and amortization	(641.9)	(622.1)
Net Property	461.2	436.7
Operating Lease Right-of-use Assets	175.3	133.1
Other Non-current Assets	260.2	179.9
Total Assets	3,749.1	3,069.0
Current Liabilities
Short-term borrowings	31.6	124.2
Current portion of long-term debt	1.6	1.9
Trade accounts payable	1,276.8	1,055.4
Accrued payroll and benefit costs	219.2	187.8
Other accrued taxes	34.3	42.8
Current operating lease liabilities	43.9	34.0
Other current liabilities	213.5	142.9
Total Current Liabilities	1,820.9	1,589.0
Postretirement Benefits Liability	55.5	68.5
Pension Liability	140.8	159.1
Long-term Debt	3.9	4.2
Non-current Operating Lease Liabilities	147.1	107.5
Other Non-current Liabilities	55.3	8.8
Total Liabilities	2,223.5	1,937.1
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	531.8	456.7
Common shares subscribed	23.7	21.1
Less subscriptions receivable	(23.7)	(21.1)
Retained Earnings	1,141.0	850.3
Accumulated Other Comprehensive Loss	(152.8)	(180.5)
Total Graybar Electric Company, Inc. Shareholders’ Equity	1,520.0	1,126.5
Noncontrolling Interests	5.6	5.4
Total Shareholders’ Equity	1,525.6	1,131.9
Total Liabilities and Shareholders’ Equity	$ 3,749.1	$ 3,069.0