CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 360	$ 538
Accounts receivable (less allowance for doubtful accounts of $21 million and $25 million, respectively)	1,425	1,385
Inventories – net	1,655	1,541
Prepaid expenses and other assets	104	83
Prepaid income taxes	11	10
Total current assets	3,555	3,557
PROPERTY, BUILDINGS AND EQUIPMENT – NET	1,400	1,352
DEFERRED INCOME TAXES	11	12
GOODWILL	429	424
INTANGIBLES – NET	304	460
OTHER ASSETS	306	68
TOTAL ASSETS	6,005	5,873
CURRENT LIABILITIES
Short-term debt	55	49
Current maturities of long-term debt	246	81
Trade accounts payable	719	678
Accrued compensation and benefits	228	262
Accrued contributions to employees’ profit-sharing plans	85	133
Accrued expenses	318	269
Income taxes payable	27	29
Total current liabilities	1,678	1,501
LONG-TERM DEBT (less current maturities)	1,914	2,090
DEFERRED INCOME TAXES AND TAX UNCERTAINTIES	106	103
OTHER NON-CURRENT LIABILITIES	247	86
SHAREHOLDERS' EQUITY
Cumulative Preferred Stock – $5 par value – 12,000,000 shares authorized; none issued or outstanding	0	0
Common Stock – $0.50 par value – 300,000,000 shares authorized; issued 109,659,219 shares	55	55
Additional contributed capital	1,182	1,134
Retained earnings	8,405	7,869
Accumulated other comprehensive losses	(154)	(171)
Treasury stock, at cost - 55,971,691 and 53,796,859 shares, respectively	(7,633)	(6,966)
Total W.W. Grainger, Inc. shareholders’ equity	1,855	1,921
Noncontrolling interest	205	172
Total shareholders' equity	2,060	2,093
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 6,005	$ 5,873