W.W. Grainger (GWW) 10-Q26 Oct 232023 Q3 Quarterly reportFinancial data

Company Profile

COVER

COVER - shares	9 Months Ended
COVER - shares	Sep. 30, 2023	Oct. 19, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	1-5684
Entity Registrant Name	W.W. Grainger, Inc.
Entity Incorporation, State or Country Code	IL
Entity Tax Identification Number	36-1150280
Entity Address, Address Line One	100 Grainger Parkway
Entity Address, City or Town	Lake Forest,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60045-5201
City Area Code	847
Local Phone Number	535-1000
Title of 12(b) Security	Common Stock
Trading Symbol	GWW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		49,634,150
Entity Central Index Key	0000277135
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net sales	$ 4,208	$ 3,942	$ 12,481	$ 11,426
Cost of goods sold	2,553	2,423	7,548	7,083
Gross profit	1,655	1,519	4,933	4,343
Selling, general and administrative expenses	988	916	2,925	2,672
Operating earnings	667	603	2,008	1,671
Other (income) expense:
Interest expense – net	22	25	70	70
Other – net	(7)	(9)	(21)	(20)
Total other expense – net	15	16	49	50
Earnings before income taxes	652	587	1,959	1,621
Income tax provision	159	145	468	405
Net earnings	493	442	1,491	1,216
Less net earnings attributable to noncontrolling interest	17	16	57	53
Net earnings attributable to W.W. Grainger, Inc.	$ 476	$ 426	$ 1,434	$ 1,163
Earnings per share:
Basic (in dollars per share)	$ 9.47	$ 8.31	$ 28.45	$ 22.64
Diluted (in dollars per share)	$ 9.43	$ 8.27	$ 28.32	$ 22.52
Weighted average number of shares outstanding:
Basic (in shares)	49.9	50.8	50.1	51
Diluted (in shares)	50.1	51.1	50.3	51.3

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net earnings	$ 493	$ 442	$ 1,491	$ 1,216
Other comprehensive earnings (losses):
Foreign currency translation adjustments – net of reclassification to earnings	(39)	(71)	(69)	(180)
Postretirement benefit plan losses and other – net of tax benefit of $1, $2, $3 and $4, respectively	(3)	(3)	(9)	(10)
Total other comprehensive earnings (losses)	(42)	(74)	(78)	(190)
Comprehensive earnings – net of tax	451	368	1,413	1,026
Less comprehensive earnings (losses) attributable to noncontrolling interest
Net earnings	17	16	57	53
Foreign currency translation adjustments	(7)	(14)	(39)	(61)
Total comprehensive earnings (losses) attributable to noncontrolling interest	10	2	18	(8)
Comprehensive earnings attributable to W.W. Grainger, Inc.	$ 441	$ 366	$ 1,395	$ 1,034

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (PARENTHETICAL) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Postretirement benefit plan reclassification, net of tax benefit	$ 1	$ 2	$ 3	$ 4

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 601	$ 325
Accounts receivable (less allowances for credit losses of $38 and $36, respectively)	2,444	2,133
Inventories – net	2,196	2,253
Prepaid expenses and other current assets	171	266
Total current assets	5,412	4,977
Property, buildings and equipment – net	1,543	1,461
Goodwill	364	371
Intangibles – net	238	232
Operating lease right-of-use	413	367
Other assets	170	180
Total assets	8,140	7,588
Current liabilities
Current maturities	34	35
Trade accounts payable	1,067	1,047
Accrued compensation and benefits	297	334
Operating lease liability	73	68
Accrued expenses	403	474
Income taxes payable	24	52
Total current liabilities	1,898	2,010
Long-term debt	2,260	2,284
Long-term operating lease liability	361	318
Deferred income taxes and tax uncertainties	135	121
Other non-current liabilities	104	120
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; 109,659,219 shares issued	55	55
Additional contributed capital	1,343	1,310
Retained earnings	11,859	10,700
Accumulated other comprehensive losses	(219)	(180)
Treasury stock, at cost – 59,937,912 and 59,402,896 shares, respectively	(9,948)	(9,445)
Total W.W. Grainger, Inc. shareholders’ equity	3,090	2,440
Noncontrolling interest	292	295
Total shareholders' equity	3,382	2,735
Total liabilities and shareholders' equity	$ 8,140	$ 7,588

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 38	$ 36
Cumulative preferred stock, par value (in dollars per share)	$ 5	$ 5
Cumulative preferred stock, shares authorized	12,000,000	12,000,000
Cumulative preferred stock, shares issued	0	0
Cumulative preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.50	$ 0.50
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	109,659,219	109,659,219
Treasury stock, shares at cost	59,937,912	59,402,896

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net earnings	$ 1,491	$ 1,216
Adjustments to reconcile net earnings to net cash provided by operating activities:
Provision for credit losses	15	13
Deferred income taxes and tax uncertainties	20	20
Depreciation and amortization	162	159
Net (gains) losses from sale of assets	(4)	1
Stock-based compensation	49	38
Change in operating assets and liabilities:
Accounts receivable	(351)	(487)
Inventories	42	(253)
Prepaid expenses and other assets	104	(39)
Trade accounts payable	55	261
Accrued liabilities	(106)	51
Income taxes – net	(34)	8
Other non-current liabilities	(16)	(15)
Net cash provided by operating activities	1,427	973
Cash flows from investing activities:
Capital expenditures	(318)	(208)
Proceeds from sale of assets	11	7
Other – net	0	(11)
Net cash used in investing activities	(307)	(212)
Cash flows from financing activities:
Proceeds from debt	7	1
Payments of debt	(37)	0
Proceeds from stock options exercised	29	21
Payments for employee taxes withheld from stock awards	(32)	(22)
Purchases of treasury stock	(506)	(383)
Cash dividends paid	(300)	(285)
Net cash used in financing activities	(839)	(668)
Exchange rate effect on cash and cash equivalents	(5)	(19)
Net change in cash and cash equivalents	276	74
Cash and cash equivalents at beginning of year	325	241
Cash and cash equivalents at end of period	$ 601	$ 315

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common Stock	Additional Contributed Capital	Retained Earnings	Accumulated Other Comprehensive Earnings (Losses)	Treasury Stock	Noncontrolling Interest
Beginning balance at Dec. 31, 2021	$ 2,160	$ 55	$ 1,270	$ 9,500	$ (96)	$ (8,855)	$ 286
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	13		10			3
Purchases of treasury stock	(75)					(75)
Net earnings	385			366			19
Other comprehensive earnings (losses)	(29)				(13)		(16)
Cash dividends paid	(84)			(84)
Ending balance at Mar. 31, 2022	2,370	55	1,280	9,782	(109)	(8,927)	289
Beginning balance at Dec. 31, 2021	2,160	55	1,270	9,500	(96)	(8,855)	286
Increase (Decrease) in Stockholders' Equity
Net earnings	1,216
Other comprehensive earnings (losses)	(190)
Ending balance at Sep. 30, 2022	2,562	55	1,299	10,402	(225)	(9,223)	254
Beginning balance at Mar. 31, 2022	2,370	55	1,280	9,782	(109)	(8,927)	289
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	10		7			2	1
Purchases of treasury stock	(118)					(117)	(1)
Net earnings	389			371			18
Other comprehensive earnings (losses)	(87)				(56)		(31)
Cash dividends paid	(99)			(87)			(12)
Ending balance at Jun. 30, 2022	2,465	55	1,287	10,066	(165)	(9,042)	264
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	15		12			3
Purchases of treasury stock	(184)					(184)
Net earnings	442			426			16
Other comprehensive earnings (losses)	(74)				(60)		(14)
Cash dividends paid	(102)			(90)			(12)
Ending balance at Sep. 30, 2022	2,562	55	1,299	10,402	(225)	(9,223)	254
Beginning balance at Dec. 31, 2022	2,735	55	1,310	10,700	(180)	(9,445)	295
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	32		14			18
Purchases of treasury stock	(142)					(142)
Net earnings	508			488			20
Other comprehensive earnings (losses)	(1)				4		(5)
Cash dividends paid	(87)			(87)
Ending balance at Mar. 31, 2023	3,045	55	1,324	11,101	(176)	(9,569)	310
Beginning balance at Dec. 31, 2022	2,735	55	1,310	10,700	(180)	(9,445)	295
Increase (Decrease) in Stockholders' Equity
Net earnings	1,491
Other comprehensive earnings (losses)	(78)
Ending balance at Sep. 30, 2023	3,382	55	1,343	11,859	(219)	(9,948)	292
Beginning balance at Mar. 31, 2023	3,045	55	1,324	11,101	(176)	(9,569)	310
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	2		7			(7)	2
Purchases of treasury stock	(168)					(168)	0
Net earnings	490			470			20
Other comprehensive earnings (losses)	(35)				(8)		(27)
Cash dividends paid	(107)			(94)			(13)
Ending balance at Jun. 30, 2023	3,227	55	1,331	11,477	(184)	(9,744)	292
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	12		13			(1)
Purchases of treasury stock	(204)					(203)	(1)
Net earnings	493			476			17
Other comprehensive earnings (losses)	(42)				(35)		(7)
Capital contribution	2		(1)				3
Cash dividends paid	(106)			(94)			(12)
Ending balance at Sep. 30, 2023	$ 3,382	$ 55	$ 1,343	$ 11,859	$ (219)	$ (9,948)	$ 292

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY (PARENTHETICAL) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Statement of Stockholders' Equity (Parentheticals) [Abstract]
Cash dividends paid per share (in dollars per share)	$ 1.86	$ 1.86	$ 1.72	$ 1.72	$ 1.72	$ 1.62
Capital contribution	$ 2

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES W.W. Grainger, Inc. is a broad line, business-to-business distributor of maintenance, repair and operating (MRO) products and services with operations primarily in North America (N.A.), Japan and the United Kingdom (U.K.). In this report, the words “Grainger” or “Company” mean W.W. Grainger, Inc. and its subsidiaries, except where the context makes it clear that the reference is only to W.W. Grainger, Inc. itself and not its subsidiaries. Basis of Presentation The Company's Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial reporting and the rules and regulations of the U.S. Securities and Exchange Commission (SEC) and therefore do not include all information and disclosures normally included in the annual Consolidated Financial Statements. The preparation of these Condensed Consolidated Financial Statements and accompanying notes in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from these estimated amounts. In the opinion of the Company’s management, the Condensed Consolidated Financial Statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation. The Condensed Consolidated Balance Sheet at December 31, 2022, has been derived from the audited Consolidated Financial Statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. The Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and accompanying notes for the year ended December 31, 2022 included in the Company’s Annual Report on Form 10-K filed with the SEC on February 21, 2023 (2022 Form 10-K). There w ere no mater ial changes to the Company’s significant accounting policies from those disclosed in Note 1 of the Notes to Consolidated Financial Statements in Part II, Item 8: Financial Statements and Supplementary Data in the Company's 2022 Form 10-K.

REVENUE

REVENUE	9 Months Ended
REVENUE	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Grainger serves a large number of customers in diverse industries, which are subject to different economic and market-specific factors. The Company's revenue is primarily comprised of M RO product sales and related activities. The Company's presentation of revenue by segment and industry most reasonably depicts how the nature, amount, timing and uncertainty of the Company's revenue and cash flows are affected by economic and market-specific factors. In addition, the segments have unique underlying risks associated with customer purchasing behaviors. In the High-Touch Solutions N.A. segment, more than two-thirds of revenue is derived from customer contracts whereas in the Endless Assortment segment, a majority of revenue is derived from non-contractual purchases. The following tables present the Company's percentage of revenue by reportable segment and by major customer industry: Three Months Ended September 30, 2023 2022 (1) High-Touch Solutions N.A. Endless Assortment Total Company (2) High-Touch Solutions N.A. Endless Assortment Total Company (2) Commercial Services 7 % 12 % 8 % 7 % 13 % 8 % Contractors 5 % 12 % 6 % 5 % 12 % 6 % Government 19 % 3 % 16 % 18 % 3 % 15 % Healthcare 7 % 2 % 6 % 7 % 2 % 6 % Manufacturing 30 % 30 % 30 % 31 % 30 % 30 % Retail 4 % 4 % 4 % 4 % 4 % 4 % Transportation 5 % 2 % 4 % 4 % 2 % 4 % Utilities 3 % 2 % 2 % 3 % 2 % 3 % Warehousing 4 % — % 4 % 5 % — % 4 % Wholesale 7 % 17 % 9 % 7 % 16 % 9 % Other (3) 9 % 16 % 11 % 9 % 16 % 11 % Total net sales 100 % 100 % 100 % 100 % 100 % 100 % Percent of total company revenue 81 % 17 % 100 % 81 % 18 % 100 % (1) Customer industry results for the three months ended September 30, 2022 were reclassified to reflect the Company's current year classifications, which primarily uses the North American Industry Classification System (NAICS) beginning January 1, 2023. (2) Total Company includes other businesses, which includes the Cromwell business. Other businesses account for approximately 2% an d 1% of total Company reven ue for the three months ended September 30, 2023 and 2022, respectively. (3) Other primarily includes revenue from industries and customers that are not material individually, including hospitality, restaurants, property management and natural resources. Nine Months Ended September 30, 2023 2022 (1) High-Touch Solutions N.A. Endless Assortment Total Company (2) High-Touch Solutions N.A. Endless Assortment Total Company (2) Commercial Services 7 % 12 % 8 % 7 % 13 % 8 % Contractors 5 % 12 % 6 % 5 % 12 % 6 % Government 20 % 3 % 16 % 18 % 3 % 15 % Healthcare 7 % 2 % 6 % 7 % 2 % 6 % Manufacturing 30 % 30 % 30 % 31 % 30 % 31 % Retail 4 % 4 % 4 % 4 % 4 % 4 % Transportation 4 % 2 % 4 % 4 % 2 % 4 % Utilities 3 % 2 % 3 % 3 % 2 % 3 % Warehousing 4 % 1 % 3 % 5 % — % 4 % Wholesale 7 % 16 % 9 % 7 % 16 % 8 % Other (3) 9 % 16 % 11 % 9 % 16 % 11 % Total net sales 100 % 100 % 100 % 100 % 100 % 100 % Percent of total company revenue 81 % 18 % 100 % 80 % 18 % 100 % (1) Customer industry results for the nine months ended September 30, 2022 were reclassified to reflect the Company's current year classifications, which primarily uses the North American Industry Classification System (NAICS) beginning January 1, 2023. (2) Total Company includes other businesses, which includes the Cromwell business. Other businesses account for approximately 1% and 2% of total Company revenue for the nine months ended September 30, 2023 and 2022. (3) Other primarily includes revenue from industries and customers that are not material individually, including hospitality, restaurants, property management and natural resources. Total accrued sales incentives are recorded in Accrued expenses and were approximately $116 million and $102 million as of September 30, 2023 and December 31, 2022, respectively. The Compa ny h ad no material unsatisfied performance obligations, contract assets or liabilities as of September 30, 2023 and December 31, 2022.

PROPERTY, BUILDINGS AND EQUIPME

PROPERTY, BUILDINGS AND EQUIPMENT	9 Months Ended
PROPERTY, BUILDINGS AND EQUIPMENT	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY, BUILDINGS AND EQUIPMENT	PROPERTY, BUILDINGS AND EQUIPMENT Property, buildings and equipment consisted of the following (in millions of dollars): As of September 30, 2023 December 31, 2022 Land and land improvements $ 362 $ 318 Building, structures and improvements 1,411 1,463 Furniture, fixtures, machinery and equipment 1,802 1,662 Property, buildings and equipment $ 3,575 $ 3,443 Less accumulated depreciation 2,032 1,982 Property, buildings and equipment – net $ 1,543 $ 1,461

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The Company did not identify any significant events or changes in circumstances that indicated the existence of impairment indicators during the three and nine months ended September 30, 2023. As such, quantitative assessments were not required. The balances and changes in the carrying amount of goodwill by segment are as follows (in millions of dollars): High-Touch Solutions N.A. Endless Assortment Total Balance at January 1, 2022 $ 321 $ 63 $ 384 Translation (8) (5) (13) Balance at December 31, 2022 313 58 371 Translation (1) (6) (7) Balance at September 30, 2023 $ 312 $ 52 $ 364 The Company's cumulative goodwill impairments as of September 30, 2023 were $ 137 m illion. No g oodwill impairments were recorded for the nine months ended September 30, 2023 or the twelve months ended December 31, 2022 . The balances and changes in intangible assets – net are as follows (in millions of dollars): As of September 30, 2023 December 31, 2022 Weighted average life Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer lists and relationships 11.7 years $ 214 $ 184 $ 30 $ 217 $ 181 $ 36 Trademarks, trade names and other 14.4 years 32 24 8 32 22 10 Non-amortized trade names and other Indefinite 19 — 19 22 — 22 Capitalized software 4.2 years 632 451 181 580 416 164 Total intangible assets 6.7 years $ 897 $ 659 $ 238 $ 851 $ 619 $ 232

DEBT

DEBT	9 Months Ended
DEBT	Sep. 30, 2023
Debt Disclosure [Abstract]
DEBT	DEBT Total debt, including long-term, cur rent maturities and debt issuance costs and discounts – net, consisted of the following (in millions of dollars): As of September 30, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value 4.60% senior notes due 2045 $ 1,000 $ 857 $ 1,000 $ 916 1.85% senior notes due 2025 500 475 500 470 4.20% senior notes due 2047 400 328 400 338 3.75% senior notes due 2046 400 299 400 317 MonotaRO term loan 34 34 69 69 Other (21) (21) (29) (29) Subtotal 2,313 1,972 2,340 2,081 Less current maturities (34) (34) (35) (35) Debt issuance costs and discounts – net of amortization (19) (19) (21) (21) Long-term debt $ 2,260 $ 1,919 $ 2,284 $ 2,025 Senior Notes Between 2015 and 2020, Grainger issue d $2.3 billion in unsecured long-term debt (Senior Notes) primarily to provide flexibility in funding general working capital needs, share repurchases a nd long-term cash requirements. The Senior Notes require no principal payments until maturity and interest is paid semi-annually. The Company incurred debt issuance costs related to its Senior Notes of approxima tely $29 million, representing underwriting fees and other expenses, that were recorded as a contra-liability within Long-term debt and are being amortized over the term of the Senior Notes using the straight-line method to Interest expense – net. The Company uses interest rate swaps to manage the risks associated with its 1.85% Senior Notes. These swaps were designated for hedge accounting treatment as fair value hedges. The resulting carrying value adjustments as of September 30, 2023 and December 31, 2022, are presented within Other in the table above. F or further discussion on the Company's hedge accounting policies, see Note 6. MonotaRO Term Loan In August 2020, MonotaRO entered into a ¥9 billion te rm loan agreement to fund technology investments and the expansion of its distribution center (DC) network. As of September 30, 2023 and December 31, 2022, the carrying amount of the term loan, including current maturities due within one year, was $34 million and $69 million, respectively. The term loan matures i n August 2024, payable over four equal semi-annual principal installments in 2023 and 2024 and bears an average interest of 0.05%. Fair Value The estimated fair value of the Company’s Senior Notes was based on available external pricing data and current market rates for similar debt instruments, among other factors, which are classified as Level 2 inputs within the fair v alue hierarchy. For further information on the Company’s debt instruments, see Note 5 of the Notes to Consolidated Financia l Statements in Part II, Item 8: Financial Statements and Supplementary Data in the Company’s 2022 Form 10-K.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
DERIVATIVE INSTRUMENTS	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS The Company's earnings and cash flows are subject to fluctuations due to changes in foreign currency exchange rates and interest rates. Grainger currently enters into certain derivatives or other financial instruments to hedge against these risks, and may continue to do so in the future. Fair Value Hedges The Company uses interest rate swaps to hedge a portion of its fixed-rate long-term debt. These swaps are treated as fair value hedges and consequently the gain or loss on the derivative as well as the offsetting gain or loss on the hedged item, are recognized in the Consolidated Statements of Earnings in Interest expense – net. The notional amount of the Company’s outstanding fair value hedges as of September 30, 2023 and December 31, 2022 wa s $450 million and $500 million, respectively. The liability hedged by the interest rate swaps is recorded on the Condensed Consolidated Balance Sheets in Long-term debt. As of September 30, 2023 and December 31, 2022, the carrying amount of the hedged item, including the cumulative amount of fair value hedging adjustments was $424 million and $466 million, respectively. The effect of the Company's fair value hedges on the Condensed Consolidated Statements of Earnings in Interest expense – net for the three and nine months ended September 30, 2023 and 2022, are shown in the following table (in millions of dollars): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Gain or (loss): Interest rate swaps: Hedged item $ (2) $ 11 $ (8) $ 36 Derivatives designated as hedging instrument $ 2 $ (11) $ 8 $ (36) The location and fair values of derivative instruments designated as hedging instruments in the Condensed Consolidated Balance Sheets as of September 30, 2023 and December 31, 2022, are shown in the following table (in millions of dollars): As of September 30, 2023 December 31, 2022 Interest rate swaps reported in Other non-current liabilities $ 23 $ 34 Fair Value The estimated fair values of the Company's derivative instruments were based on quoted market forward rates, which are classified as Level 2 inputs within the fair value hierarchy and reflect the present value of the amount that the Company would pay for contracts involving the same notional amounts and maturity dates. No adjustments were required during the current period to reflect the counterparty’s credit risk or t he Comp

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
SEGMENT INFORMATION	Sep. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Grainger's two reportable segments are High-Touch Solutions N.A. and Endless Assortment. The remaining businesses, which include the Company's Cromwell business, are classified as Other to reconcile to consolidated results. These remaining businesses individually and in the aggregate do not meet the criteria of a reportable segment. The Company's corporate costs are allocated to each reportable segment based on benefits received. Additionally, intersegment sales transactions, which are sales between Grainger businesses in separate reportable segments, are eliminated within the segment to present only the impact of sales to external customers. Service fees for intersegment sales are included in each segment's selling, general and administrative expenses and are also eliminated in the Company's Consolidated Financial Statements. Following is a summary of segment results (in millions of dollars): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Net sales Operating earnings (losses) Net sales Operating earnings (losses) Net sales Operating earnings (losses) Net sales Operating earnings (losses) High-Touch Solutions N.A. $ 3,403 $ 612 $ 3,180 $ 550 $ 10,052 $ 1,833 $ 9,111 $ 1,506 Endless Assortment 732 55 701 58 2,207 178 2,117 175 Other 73 — 61 (5) 222 (3) 198 (10) Total Company $ 4,208 $ 667 $ 3,942 $ 603 $ 12,481 $ 2,008 $ 11,426 $ 1,671 The Company is a broad line distributor of MRO products and services. Products are regularly added and removed from the Company's inventory. Accordingly, it would be impractical to provide sales information by product category due to the way the business is managed, and the dynamic nature of the inventory offered, including the evolving list of products stocked and additional products available online but not stocked. Assets for reportable segments are not disclosed as such information is not regularly reviewed by the Company's Chief Operating Decision Maker.

CONTINGENCIES AND LEGAL MATTERS

CONTINGENCIES AND LEGAL MATTERS	9 Months Ended
CONTINGENCIES AND LEGAL MATTERS	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND LEGAL MATTERS	CONTINGENCIES AND LEGAL MATTERS From time to time the Company is involved in various legal and administrative proceedings, including claims related to: product liability, safety or compliance; privacy and cybersecurity matters; negligence; contract disputes; environmental issues; unclaimed property; wage and hour laws; intellectual property; advertising and marketing; consumer protection; pricing (including disaster or emergency declaration pricing statutes); employment practices; regulatory compliance, including trade and export matters; anti-bribery and corruption; and other matters and actions brought by employees, consumers, competitors, suppliers, customers, governmental entities and other third parties. There have been no material changes to the contingencies and legal matters from those disclosed in Note 15 of the Notes to Consolidated Financial Statements in Part II, Item 8: Financial Statements and Supplementary Data in the Company's 2022 Form 10-K and the Company's Form 10-Q for the quarterly period ended March 31, 2023. Although the Company is unable to determine the probability of the outcome of these matters or the estimate of potential loss or range of loss, the Company anticipates that any potential liability, which may arise of or with respect to these matters, will not have, either individually or in the aggregate, a material adverse effect on the Company's financial position, results of operations or cash flows.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Revolving Credit Facility On October 11, 2023, the Company entered into a five one Dividend On October 25, 2023, the Company’s Board of Directors declared a quarterly dividend of $1.86 per share, payable December 1, 2023, to shareholders of record on November 13, 2023.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 476	$ 426	$ 1,434	$ 1,163

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
Insider Trading Arrangements	Sep. 30, 2023 shares	Sep. 30, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 29, 2023, D.G. Macpherson, Grainger’s Chairman of the Board and Chief Executive Officer, adopted a written plan for the sale of shares received pursuant to the vesting of an equity award on October 1, 2023. The aggregate number of shares subject to the plan is 4,995 and excludes shares withheld by the Company to satisfy income tax withholding obligations in connection with the net settlement of such equity award. The plan is a multi-trade plan, is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and will expire on December 31, 2023, or any earlier date on which all of the shares have been sold. None of the Company's other directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company's quarter ended September 30, 2023.
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
D.G. Macpherson [Member]
Trading Arrangements, by Individual
Name	D.G. Macpherson
Title	Chairman of the Board and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	August 29, 2023
Aggregate Available	4,995	4,995

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
REVENUE (Tables)	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenues	The following tables present the Company's percentage of revenue by reportable segment and by major customer industry: Three Months Ended September 30, 2023 2022 (1) High-Touch Solutions N.A. Endless Assortment Total Company (2) High-Touch Solutions N.A. Endless Assortment Total Company (2) Commercial Services 7 % 12 % 8 % 7 % 13 % 8 % Contractors 5 % 12 % 6 % 5 % 12 % 6 % Government 19 % 3 % 16 % 18 % 3 % 15 % Healthcare 7 % 2 % 6 % 7 % 2 % 6 % Manufacturing 30 % 30 % 30 % 31 % 30 % 30 % Retail 4 % 4 % 4 % 4 % 4 % 4 % Transportation 5 % 2 % 4 % 4 % 2 % 4 % Utilities 3 % 2 % 2 % 3 % 2 % 3 % Warehousing 4 % — % 4 % 5 % — % 4 % Wholesale 7 % 17 % 9 % 7 % 16 % 9 % Other (3) 9 % 16 % 11 % 9 % 16 % 11 % Total net sales 100 % 100 % 100 % 100 % 100 % 100 % Percent of total company revenue 81 % 17 % 100 % 81 % 18 % 100 % (1) Customer industry results for the three months ended September 30, 2022 were reclassified to reflect the Company's current year classifications, which primarily uses the North American Industry Classification System (NAICS) beginning January 1, 2023. (2) Total Company includes other businesses, which includes the Cromwell business. Other businesses account for approximately 2% an d 1% of total Company reven ue for the three months ended September 30, 2023 and 2022, respectively. (3) Other primarily includes revenue from industries and customers that are not material individually, including hospitality, restaurants, property management and natural resources.

PROPERTY, BUILDINGS AND EQUIP_2

PROPERTY, BUILDINGS AND EQUIPMENT (Tables)	9 Months Ended
PROPERTY, BUILDINGS AND EQUIPMENT (Tables)	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Buildings and Equipment	Property, buildings and equipment consisted of the following (in millions of dollars): As of September 30, 2023 December 31, 2022 Land and land improvements $ 362 $ 318 Building, structures and improvements 1,411 1,463 Furniture, fixtures, machinery and equipment 1,802 1,662 Property, buildings and equipment $ 3,575 $ 3,443 Less accumulated depreciation 2,032 1,982 Property, buildings and equipment – net $ 1,543 $ 1,461

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Balances and Changes in Carrying Amounts of Goodwill	The balances and changes in the carrying amount of goodwill by segment are as follows (in millions of dollars): High-Touch Solutions N.A. Endless Assortment Total Balance at January 1, 2022 $ 321 $ 63 $ 384 Translation (8) (5) (13) Balance at December 31, 2022 313 58 371 Translation (1) (6) (7) Balance at September 30, 2023 $ 312 $ 52 $ 364
Schedule of Balance in Intangible Assets, Net	The balances and changes in intangible assets – net are as follows (in millions of dollars): As of September 30, 2023 December 31, 2022 Weighted average life Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer lists and relationships 11.7 years $ 214 $ 184 $ 30 $ 217 $ 181 $ 36 Trademarks, trade names and other 14.4 years 32 24 8 32 22 10 Non-amortized trade names and other Indefinite 19 — 19 22 — 22 Capitalized software 4.2 years 632 451 181 580 416 164 Total intangible assets 6.7 years $ 897 $ 659 $ 238 $ 851 $ 619 $ 232

DEBT (Tables)

DEBT (Tables)	9 Months Ended
DEBT (Tables)	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	long-term, current maturities and debt issuance costs and discounts – net, consisted of the following (in millions of dollars): As of September 30, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value 4.60% senior notes due 2045 $ 1,000 $ 857 $ 1,000 $ 916 1.85% senior notes due 2025 500 475 500 470 4.20% senior notes due 2047 400 328 400 338 3.75% senior notes due 2046 400 299 400 317 MonotaRO term loan 34 34 69 69 Other (21) (21) (29) (29) Subtotal 2,313 1,972 2,340 2,081 Less current maturities (34) (34) (35) (35) Debt issuance costs and discounts – net of amortization (19) (19) (21) (21) Long-term debt $ 2,260 $ 1,919 $ 2,284 $ 2,025

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
DERIVATIVE INSTRUMENTS (Tables)	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Effect of Fair Value Hedges in Interest Expense, Net	The effect of the Company's fair value hedges on the Condensed Consolidated Statements of Earnings in Interest expense – net for the three and nine months ended September 30, 2023 and 2022, are shown in the following table (in millions of dollars): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Gain or (loss): Interest rate swaps: Hedged item $ (2) $ 11 $ (8) $ 36 Derivatives designated as hedging instrument $ 2 $ (11) $ 8 $ (36)
Schedule of Fair Value and Carrying Amounts of Outstanding Derivative Instruments	The location and fair values of derivative instruments designated as hedging instruments in the Condensed Consolidated Balance Sheets as of September 30, 2023 and December 31, 2022, are shown in the following table (in millions of dollars): As of September 30, 2023 December 31, 2022 Interest rate swaps reported in Other non-current liabilities $ 23 $ 34

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
SEGMENT INFORMATION (Tables)	Sep. 30, 2023
Segment Reporting [Abstract]
Summary of Segment Results	Following is a summary of segment results (in millions of dollars): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Net sales Operating earnings (losses) Net sales Operating earnings (losses) Net sales Operating earnings (losses) Net sales Operating earnings (losses) High-Touch Solutions N.A. $ 3,403 $ 612 $ 3,180 $ 550 $ 10,052 $ 1,833 $ 9,111 $ 1,506 Endless Assortment 732 55 701 58 2,207 178 2,117 175 Other 73 — 61 (5) 222 (3) 198 (10) Total Company $ 4,208 $ 667 $ 3,942 $ 603 $ 12,481 $ 2,008 $ 11,426 $ 1,671

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenues (Details)	3 Months Ended		9 Months Ended
REVENUE - Disaggregation of Revenues (Details)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	100%	100%	100%	100%
Percent of total company revenue	100%	100%	100%	100%
Operating earnings (losses)
Disaggregation of Revenue [Line Items]
Total company revenue (as a percent)	2%	1%	1%	2%
Contractors
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	8%	8%	8%	8%
Commercial
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	6%	6%	6%	6%
Government Customer
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	16%	15%	16%	15%
Healthcare Customer
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	6%	6%	6%	6%
Manufacturing
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	30%	30%	30%	31%
Retail/Wholesale
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	4%	4%	4%	4%
Transportation
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	4%	4%	4%	4%
Utilities
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	2%	3%	3%	3%
Warehousing
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	4%	4%	3%	4%
Wholesale
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	9%	9%	9%	8%
Other
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	11%	11%	11%	11%
High-Touch Solutions N.A.
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	100%	100%	100%	100%
Percent of total company revenue	81%	81%	81%	80%
High-Touch Solutions N.A. \| Contractors
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	7%	7%	7%	7%
High-Touch Solutions N.A. \| Commercial
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	5%	5%	5%	5%
High-Touch Solutions N.A. \| Government Customer
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	19%	18%	20%	18%
High-Touch Solutions N.A. \| Healthcare Customer
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	7%	7%	7%	7%
High-Touch Solutions N.A. \| Manufacturing
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	30%	31%	30%	31%
High-Touch Solutions N.A. \| Retail/Wholesale
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	4%	4%	4%	4%
High-Touch Solutions N.A. \| Transportation
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	5%	4%	4%	4%
High-Touch Solutions N.A. \| Utilities
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	3%	3%	3%	3%
High-Touch Solutions N.A. \| Warehousing
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	4%	5%	4%	5%
High-Touch Solutions N.A. \| Wholesale
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	7%	7%	7%	7%
High-Touch Solutions N.A. \| Other
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	9%	9%	9%	9%
Endless Assortment
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	100%	100%	100%	100%
Percent of total company revenue	17%	18%	18%	18%
Endless Assortment \| Contractors
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	12%	13%	12%	13%
Endless Assortment \| Commercial
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	12%	12%	12%	12%
Endless Assortment \| Government Customer
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	3%	3%	3%	3%
Endless Assortment \| Healthcare Customer
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	2%	2%	2%	2%
Endless Assortment \| Manufacturing
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	30%	30%	30%	30%
Endless Assortment \| Retail/Wholesale
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	4%	4%	4%	4%
Endless Assortment \| Transportation
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	2%	2%	2%	2%
Endless Assortment \| Utilities
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	2%	2%	2%	2%
Endless Assortment \| Warehousing
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	0%	0%	1%	0%
Endless Assortment \| Wholesale
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	17%	16%	16%	16%
Endless Assortment \| Other
Disaggregation of Revenue [Line Items]
Total net sales (as a percent)	16%	16%	16%	16%

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Accrued sales incentives	$ 116	$ 102

PROPERTY, BUILDINGS AND EQUIP_3

PROPERTY, BUILDINGS AND EQUIPMENT (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, buildings and equipment	$ 3,575	$ 3,443
Less accumulated depreciation	2,032	1,982
Property, buildings and equipment – net	1,543	1,461
Land
Property, Plant and Equipment [Line Items]
Property, buildings and equipment	362	318
Building, Structures and Improvements
Property, Plant and Equipment [Line Items]
Property, buildings and equipment	1,411	1,463
Furniture, Fixtures, Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, buildings and equipment	$ 1,802	$ 1,662

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Balances and Changes in Carrying Amounts of Goodwill (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 371	$ 384
Translation	(7)	(13)
Goodwill, ending balance	364	371
High-Touch Solutions N.A. \| Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Goodwill [Roll Forward]
Goodwill, beginning balance	313	321
Translation	(1)	(8)
Goodwill, ending balance	312	313
Endless Assortment \| Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Goodwill [Roll Forward]
Goodwill, beginning balance	58	63
Translation	(6)	(5)
Goodwill, ending balance	$ 52	$ 58

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Translation	$ (7)	$ (13)
Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Segment Reporting Information [Line Items]
Cumulative goodwill impairments	137
High-Touch Solutions N.A. \| Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Segment Reporting Information [Line Items]
Translation	$ (1)	$ (8)

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Balance in Intangible Assets, Net (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Intangible Assets, Gross (Excluding Goodwill), Total	$ 897	$ 851
Accumulated amortization	659	619
Total intangible assets, net	$ 238	$ 232
Weighted average life
Weighted average life	6 years 8 months 12 days	6 years 8 months 12 days
Customer lists and relationships
Gross carrying amount	$ 214	$ 217
Accumulated amortization	184	181
Net carrying amount	$ 30	$ 36
Customer lists and relationships \| Weighted average life
Weighted average life	11 years 8 months 12 days	11 years 8 months 12 days
Trademarks, trade names and other
Gross carrying amount	$ 32	$ 32
Accumulated amortization	24	22
Net carrying amount	$ 8	$ 10
Trademarks, trade names and other \| Weighted average life
Weighted average life	14 years 4 months 24 days	14 years 4 months 24 days
Non-amortized trade names and other
Gross carrying amount	$ 19	$ 22
Accumulated amortization	0	0
Non-amortized trade names and other	19	22
Capitalized software
Gross carrying amount	632	580
Accumulated amortization	451	416
Net carrying amount	$ 181	$ 164
Capitalized software \| Weighted average life
Weighted average life	4 years 2 months 12 days	4 years 2 months 12 days

DEBT - Long-Term Debt Instrumen

DEBT - Long-Term Debt Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Feb. 29, 2020
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,313	$ 2,340
Other	(21)	(29)
Debt issuance costs and discounts – net of amortization	(19)	(21)
Long-term debt	2,260	2,284
Other, fair value	(21)	(29)
Long-term debt, gross, fair value	1,972	2,081
Current maturities	(34)	(35)
Less current maturities	(34)	(35)
Debt issuance costs and discounts, fair value	(19)	(21)
Long-term debt, excluding current maturities, , fair value	1,919	2,025
Yen Denominated Bank Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	34	69
Long-term debt, fair value	34	69
Senior Notes, 4.60% due 2045 \| Senior notes
Debt Instrument [Line Items]
Long-term debt, gross	1,000	1,000
Long-term debt, fair value	$ 857	916
Interest rate	4.60%
Unsecured Senior Notes, 1.85% \| Senior notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 500	500
Long-term debt, fair value	$ 475	470
Interest rate	1.85%		1.85%
Senior Notes, 4.20% due 2047 \| Senior notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 400	400
Long-term debt, fair value	$ 328	338
Interest rate	4.20%
Senior Notes, 3.75% due 2046 \| Senior notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 400	400
Long-term debt, fair value	$ 299	$ 317
Interest rate	3.75%

DEBT - Narrative (Details)

DEBT - Narrative (Details) $ in Millions	1 Months Ended
DEBT - Narrative (Details) $ in Millions	Aug. 31, 2020 JPY (¥) payment	Sep. 30, 2023 USD ($)	Sep. 30, 2023 JPY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 JPY (¥)	Dec. 31, 2021 USD ($)	Feb. 29, 2020
Debt Instrument [Line Items]
Long-term debt, gross		$ 2,313		$ 2,340
Senior Notes
Debt Instrument [Line Items]
Debt principal amount						$ 2,300
Debt issuance costs						$ 29
Yen Denominated Bank Term Loan
Debt Instrument [Line Items]
Long-term debt, gross		$ 34		69
Unsecured Senior Notes, 1.85% \| Senior Notes
Debt Instrument [Line Items]
Interest rate		1.85%	1.85%				1.85%
Long-term debt, gross		$ 500		$ 500
Term Loan Agreement, 0.05% \| Yen Denominated Bank Term Loan
Debt Instrument [Line Items]
Debt principal amount \| ¥	¥ 9,000,000,000
Long-term debt, gross \| ¥			¥ 34,000,000		¥ 69,000,000
Number of semi-annual principal payments \| payment	4
Average interest rate	0.05%

DERIVATIVE INSTRUMENTS - Narrat

DERIVATIVE INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Derivative instruments and hedges, liabilities	$ 424	$ 466
Designated as Hedging Instrument \| Fair Value Hedging
Derivative [Line Items]
Derivative, notional amount	$ 450	$ 500

DERIVATIVE INSTRUMENTS - Effect

DERIVATIVE INSTRUMENTS - Effect of Fair Value Hedges in Interest Expense, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Interest income (expense), net	$ (22)	$ (25)	$ (70)	$ (70)
Other Contract \| Fair Value Hedging \| Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Interest income (expense), net	(2)	11	(8)	36
Interest rate swaps \| Fair Value Hedging \| Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Interest income (expense), net	$ 2	$ (11)	$ 8	$ (36)

DERIVATIVE INSTRUMENTS - Fair V

DERIVATIVE INSTRUMENTS - Fair Value and Carrying Amounts of Outstanding Derivative Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Interest rate swaps \| Designated as Hedging Instrument \| Other Noncurrent Liabilities
Derivative [Line Items]
Interest rate swaps reported in Other non-current liabilities	$ 23	$ 34

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	9 Months Ended
SEGMENT INFORMATION - Narrative (Details)	Sep. 30, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	2

SEGMENT INFORMATION - Summary o

SEGMENT INFORMATION - Summary of Segment Results (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Total net sales	$ 4,208	$ 3,942	$ 12,481	$ 11,426
Segment operating earnings	667	603	2,008	1,671
Other
Segment Reporting Information [Line Items]
Total net sales	73	61	222	198
Segment operating earnings	0	(5)	(3)	(10)
High-Touch Solutions N.A. \| Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Segment Reporting Information [Line Items]
Total net sales	3,403	3,180	10,052	9,111
Segment operating earnings	612	550	1,833	1,506
Endless Assortment \| Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Segment Reporting Information [Line Items]
Total net sales	732	701	2,207	2,117
Segment operating earnings	$ 55	$ 58	$ 178	$ 175

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent event $ / shares in Units, $ in Millions	Oct. 11, 2023 USD ($) numberOfPayments	Oct. 25, 2023 $ / shares
Subsequent Event [Line Items]
Dividend declared (in dollars per share) \| $ / shares		$ 1.86
Revolving Credit Facility \| 2023 Credit Facility \| Line of Credit
Subsequent Event [Line Items]
Line of credit facility, expiration period	5 years
Maximum availability of revolving credit facility \| $	$ 1,250
Line of credit facility, number of extension \| numberOfPayments	2
Line of credit facility, extension period	1 year