Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 58.0	$ 69.4
Trade receivables (less allowances of $12.6 and $13.4, respectively)	1,655.0	1,673.0
Merchandise inventory	923.3	1,026.3
Other current assets	78.3	83.7
Total Current Assets	2,714.6	2,852.4
Property, at cost
Land	97.4	97.3
Buildings	580.5	562.1
Furniture and fixtures	298.0	282.9
Software	150.6	148.0
Finance leases	12.8	12.8
Total Property, at cost	1,139.3	1,103.1
Accumulated depreciation and amortization	(661.5)	(641.9)
Net Property	477.8	461.2
Operating Lease Right-of-use Assets	176.3	175.3
Goodwill	155.5	83.1
Intangible Assets (less accumulated amortization of $28.5 and $23.0, respectively)	148.3	91.3
Other Non-current Assets	107.5	85.8
Total Assets	3,780.0	3,749.1
Current Liabilities
Short-term borrowings	13.0	31.6
Current portion of long-term debt	1.7	1.6
Trade accounts payable	1,215.5	1,276.8
Accrued payroll and benefit costs	112.4	219.2
Other accrued taxes	28.9	34.3
Current operating lease liabilities	47.4	43.9
Other current liabilities	201.7	213.5
Total Current Liabilities	1,620.6	1,820.9
Postretirement Benefits Liability	55.5	55.5
Pension Liability	130.6	140.8
Long-term Debt	3.3	3.9
Non-current Operating Lease Liabilities	146.0	147.1
Other Non-current Liabilities	55.8	55.3
Total Liabilities	2,011.8	2,223.5
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	536.0	531.8
Advance Payments on Subscriptions to Common Stock	1.2
Retained Earnings	1,373.9	1,141.0
Accumulated Other Comprehensive Loss	(148.8)	(152.8)
Total Graybar Electric Company, Inc. Shareholders’ Equity	1,762.3	1,520.0
Noncontrolling Interests	5.9	5.6
Total Shareholders’ Equity	1,768.2	1,525.6
Total Liabilities and Shareholders’ Equity	$ 3,780.0	$ 3,749.1