Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 73.3	$ 69.4
Trade receivables (less allowances of $14.3 and $13.4, respectively)	1,781.9	1,673.0
Merchandise inventory	918.6	1,026.3
Other current assets	83.3	83.7
Total Current Assets	2,857.1	2,852.4
Property, at cost
Land	97.3	97.3
Buildings	590.4	562.1
Furniture and fixtures	308.5	282.9
Software	151.3	148.0
Finance leases	12.9	12.8
Total Property, at cost	1,160.4	1,103.1
Accumulated depreciation and amortization	(670.5)	(641.9)
Net Property	489.9	461.2
Operating Lease Right-of-use Assets	191.3	175.3
Goodwill	180.9	83.1
Intangible Assets (less accumulated amortization of $33.5 and $23.0, respectively)	268.7	91.3
Other Non-current Assets	87.8	85.8
Total Assets	4,075.7	3,749.1
Current Liabilities
Short-term borrowings	102.0	31.6
Current portion of long-term debt	1.7	1.6
Trade accounts payable	1,307.6	1,276.8
Accrued payroll and benefit costs	166.8	219.2
Other accrued taxes	32.8	34.3
Current operating lease liabilities	49.7	43.9
Other current liabilities	210.3	213.5
Total Current Liabilities	1,870.9	1,820.9
Postretirement Benefits Liability	55.5	55.5
Pension Liability	57.4	140.8
Long-term Debt	3.0	3.9
Non-current Operating Lease Liabilities	158.5	147.1
Other Non-current Liabilities	55.9	55.3
Total Liabilities	2,201.2	2,223.5
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	535.0	531.8
Advance Payments on Subscriptions to Common Stock	1.1
Retained Earnings	1,483.5	1,141.0
Accumulated Other Comprehensive Loss	(152.6)	(152.8)
Total Graybar Electric Company, Inc. Shareholders’ Equity	1,867.0	1,520.0
Noncontrolling Interests	7.5	5.6
Total Shareholders’ Equity	1,874.5	1,525.6
Total Liabilities and Shareholders’ Equity	$ 4,075.7	$ 3,749.1