Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 167.5	$ 98.6
Trade receivables (less allowances of $14.2 and $13.6, respectively)	1,672.7	1,657.3
Merchandise inventory	836.3	908.4
Other current assets	95.3	79.6
Total Current Assets	2,771.8	2,743.9
Property, at cost
Land	96.6	97.4
Buildings	581.5	598.7
Furniture and fixtures	317.9	310.3
Software	170.1	158.7
Finance leases	13.3	13.4
Total Property, at cost	1,179.4	1,178.5
Accumulated depreciation and amortization	(682.9)	(678.6)
Net Property	496.5	499.9
Operating Lease Right-of-use Assets	218.8	219.2
Goodwill	203.3	179.0
Intangible Assets (less accumulated amortization of $43.1 and $38.0, respectively)	302.5	261.9
Other Non-current Assets	109.1	102.2
Total Assets	4,102.0	4,006.1
Current Liabilities
Current portion of long-term debt	1.9	1.9
Trade accounts payable	1,281.5	1,255.3
Accrued payroll and benefit costs	138.7	192.1
Current operating lease liabilities	54.1	51.9
Other current liabilities	250.2	222.1
Total Current Liabilities	1,726.4	1,723.3
Postretirement Benefits Liability	56.0	55.9
Pension Liability	101.5	107.3
Long-term Debt	2.3	2.8
Non-current Operating Lease Liabilities	181.0	183.4
Other Non-current Liabilities	45.1	45.1
Total Liabilities	2,112.3	2,117.8
SHAREHOLDERS’ EQUITY
Outstanding Common Stock	649.4	641.3
Advance Payments on Subscriptions to Common Stock	0.7
Retained Earnings	1,512.6	1,417.1
Accumulated Other Comprehensive Loss	(180.8)	(177.9)
Total Graybar Electric Company, Inc. Shareholders’ Equity	1,981.9	1,880.5
Noncontrolling Interests	7.8	7.8
Total Shareholders’ Equity	1,989.7	1,888.3
Total Liabilities and Shareholders’ Equity	$ 4,102.0	$ 4,006.1