W.W. Grainger, Inc.

NYSE-GWW

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	1,008	1,002	987	905	998	839
Net Earnings
Depreciation & Amortization	125	121	116	112	102	98
Depreciation and Amortization
Share-Based Compensation Expense	35	28	34	31	31	21
Stock-Based Compensation
Other Adjustments	55	31	68	43	64	58
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
Impairment Loss and Net Losses from Business Divestitures
Income from Equity Method Investment
Changes in Trade Receivables	-212	95	-205	205	-303	-38
Change in Accounts Receivable
Changes in Inventories	-19	-148	71	-44	28	-263
Inventories
Changes in Accounts Payable	231	-164	184	-212	147	-38
Trade Accounts Payable
Changes in Accrued Expenses	-60	38	-18	78	-169	226
Change in Accrued Liabilities
Changes in Income Taxes Payable	-37	59	-62	24	-28	32
Income Taxes - Net
Changes in Other Operating Activities	-103	-23	-103	-15	34	-195
Prepaid Expenses and Other Assets
Operating Lease Liabilities
Accrued Employment-Related Benefits Cost
Employment-Related and Other Liabilities
Other - Net
Change in Accrued Employment-Related Benefits Cost
Other Non-Current Liabilities
Cash from Operating Activities	1,023	1,039	1,072	1,127	904	740
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-300	-346	-195	-252	-193	-93
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	4	2	1	19	2	26
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 Cash Received for Business Divestiture
Net Proceeds of Business Acquisitions, Divestitures and Sales of Assets
Other Investing Activities	13	1	17	2	—	-24
Equity Method Investment
Equity Method Proceeds
Other - Net
Cash from Investing Activities	-283	-343	-177	-231	-191	-91
Net Cash Used in Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Short-Term Debt	—	—	—	—	—	1
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	—	—	—	—	—	1
Issuance of Long-Term Debt	63	500	3	1	6	16
Proceeds from Debt
Proceeds from Long-Term Debt
Repayments of Long-Term Debt	-503	-22	-17	-19	-18	-15
Payments of Debt
Payments of Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	-440	478	-14	-18	-12	1
Issuance of Common Shares	2	20	10	6	28	11
Proceeds from Stock Options Exercised
Repurchases of Common Shares	-537	-699	-552	-545	-342	-408
Payments for Employee Taxes Withheld from Stock Awards
Purchases of Treasury Stock
Net Issuance / (Repurchases) of Common Shares	-535	-679	-542	-539	-314	-397
Common Share Dividends Paid	-225	-215	-206	-198	-194	-187
Cash Dividends Paid
Other Financing Activities	-1	-1	-1	-2	-1	-1
Excess Tax Benefits from Stock-Based Compensation
Other - Net
Cash from Financing Activities	-1,201	-417	-763	-757	-521	-584
Net Cash Used in Financing Activities