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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 140.9 $ 98.6
Trade receivables (less allowances of $12.9 and $13.6, respectively) 1,826.2 1,657.3
Merchandise inventory 843.9 908.4
Other current assets 90.5 79.6
Total Current Assets 2,901.5 2,743.9
Property, at cost    
Land 96.4 97.4
Buildings 583.2 598.7
Furniture and fixtures 323.9 310.3
Software 160.2 158.7
Finance leases 13.3 13.4
Total Property, at cost 1,177.0 1,178.5
Accumulated depreciation and amortization (693.6) (678.6)
Net Property 483.4 499.9
Operating Lease Right-of-use Assets 211.0 219.2
Goodwill 224.8 179.0
Intangible Assets (less accumulated amortization of $49.5 and $38.0, respectively) 313.6 261.9
Other Non-current Assets 135.0 102.2
Total Assets 4,269.3 4,006.1
Current Liabilities    
Trade accounts payable 1,405.4 1,255.3
Accrued payroll and benefit costs 117.8 192.1
Current operating lease liabilities 54.1 51.9
Other current liabilities 231.3 224.0
Total Current Liabilities 1,808.6 1,723.3
Postretirement Benefits Liability 56.1 55.9
Pension Liability 97.6 107.3
Non-current Operating Lease Liabilities 173.4 183.4
Other Non-current Liabilities 46.9 47.9
Total Liabilities 2,182.6 2,117.8
SHAREHOLDERS’ EQUITY    
Outstanding Common Stock 645.2 641.3
Advance Payments on Subscriptions to Common Stock 1.4  
Retained Earnings 1,613.3 1,417.1
Accumulated Other Comprehensive Loss (180.9) (177.9)
Total Graybar Electric Company, Inc. Shareholders’ Equity 2,079.0 1,880.5
Noncontrolling Interests 7.7 7.8
Total Shareholders’ Equity 2,086.7 1,888.3
Total Liabilities and Shareholders’ Equity $ 4,269.3 $ 4,006.1