W.W. Grainger, Inc.

NYSE-GWW

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	1,826	2,010	1,992	1,989	1,904	1,892
Net Earnings
Depreciation & Amortization	252	246	242	237	227	223
Depreciation and Amortization
Share-Based Compensation Expense	63	63	63	62	61	65
Stock-Based Compensation
Other Adjustments	115	86	97	99	158	150
Provision for Credit Losses
Deferred Income Taxes and Tax Uncertainties
Impairment of Goodwill, Intangible and Other Assets
Non-Cash Lease Expense
Net Gains from Sales of Assets and Business Divestitures
Income from Equity Method Investment
Changes in Trade Receivables	-179	-117	-75	-110	70	—
Change in Accounts Receivable
Changes in Inventories	-190	-167	-147	-77	28	27
Inventories
Changes in Accounts Payable	106	67	-28	20	-21	-28
Trade Accounts Payable
Changes in Accrued Expenses	-12	-22	13	20	51	74
Change in Accrued Liabilities
Changes in Income Taxes Payable	19	22	-4	-3	-34	-38
Income Taxes - Net
Changes in Other Operating Activities	-148	-126	-57	-126	-178	-183
Prepaid Expenses and Other Assets
Operating Lease Liabilities
Employment-Related and Other Liabilities
Other - Net
Change in Accrued Employment-Related Benefits Cost
Other Non-Current Liabilities
Cash from Operating Activities	2,048	2,062	2,096	2,111	2,287	2,199
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-816	-646	-547	-541	-410	-447
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	5	6	2	3	12	20
Proceeds from Sales of Assets and Business Divestitures
Payments for Business Acquisitions	—	—	—	—	—	—
Cash Paid for Business Acquisitions, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	—
Net Proceeds of Business Acquisitions, Divestitures and Sales of Assets
Other Investing Activities	—	—	—	18	—	—
Equity Method Investment
Equity Method Proceeds
Other - Net
Cash from Investing Activities	-801	-626	-527	-520	-377	-408
Net Cash Used in Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	—	—	—	—	—	—
Change in Commercial Paper
Borrowings Under Lines of Credit
Repayments of Short-Term Debt	—	—	—	—	—	—
Payments Against Lines of Credit
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	—	—	—
Issuance of Long-Term Debt	90	563	503	503	503	4
Proceeds from Debt
Proceeds from Long-Term Debt
Repayments of Long-Term Debt	-504	-525	-524	-39	-38	-36
Payments of Debt
Payments of Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	-414	38	-21	464	465	-32
Issuance of Common Shares	7	23	23	30	31	16
Proceeds from Stock Options Exercised
Repurchases of Common Shares	-1,297	-1,236	-1,257	-1,251	-1,132	-1,097
Payments for Employee Taxes Withheld from Stock Awards
Purchases of Treasury Stock
Net Issuance / (Repurchases) of Common Shares	-1,290	-1,213	-1,234	-1,221	-1,101	-1,081
Common Share Dividends Paid	-458	-440	-431	-421	-413	-404
Cash Dividends Paid
Other Financing Activities	-1	-2	-1	-2	-5	-3
Excess Tax Benefits from Stock-Based Compensation
Other - Net
Cash from Financing Activities	-2,164	-1,618	-1,687	-1,180	-1,054	-1,520
Net Cash Used in Financing Activities