W.W. Grainger (GWW) 10-Q 23 Jul 20 2020 Q2 Quarterly report Financial data

COVER

COVER	6 Months Ended
	Jun. 30, 2020shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
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	53,571,736
Entity Central Index Key	0000277135
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Net sales	$ 2,837	$ 2,893	$ 5,838	$ 5,692
Cost of goods sold	1,821	1,772	3,701	3,476
Gross profit	1,016	1,121	2,137	2,216
Selling, general and administrative expenses	811	741	1,773	1,473
Operating earnings	205	380	364	743
Other (income) expense:
Interest expense, net	28	21	49	40
Other, net	(7)	(7)	(11)	(14)
Total other expense, net	21	14	38	26
Earnings before income taxes	184	366	326	717
Income tax provision	55	94	12	183
Net earnings	129	272	314	534
Less: Net earnings attributable to noncontrolling interest	15	12	27	21
Net earnings attributable to W.W. Grainger, Inc.	$ 114	$ 260	$ 287	$ 513
Earnings per share:
Basic (in dollars per share)	$ 2.11	$ 4.69	$ 5.31	$ 9.19
Diluted (in dollars per share)	$ 2.10	$ 4.67	$ 5.29	$ 9.14
Weighted average number of shares outstanding:
Basic (in shares)	53.5	55.1	53.6	55.4
Diluted (in shares)	53.7	55.4	53.8	55.7
Cash dividends paid per share (in dollars per share)	$ 1.44	$ 1.44	$ 2.88	$ 2.80

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 129	$ 272	$ 314	$ 534
Other comprehensive earnings (losses):
Foreign currency translation adjustments, net of reclassification	64	19	6	23
Postretirement benefit plan reclassification, net of tax benefit of $1, $1, $2, and $2 million, respectively	(3)	(2)	(6)	(5)
Other	3	0	4	0
Total other comprehensive earnings (losses)	64	17	4	18
Comprehensive earnings, net of tax	193	289	318	552
Less: Comprehensive earnings (losses) attributable to noncontrolling interest
Net earnings	15	12	27	21
Foreign currency translation adjustments	(2)	5	1	3
Total comprehensive earnings (losses) attributable to noncontrolling interest	13	17	28	24
Comprehensive earnings attributable to W.W. Grainger, Inc.	$ 180	$ 272	$ 290	$ 528

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (PARENTHETICAL) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Postretirement benefit plan reclassification, net of tax benefit	$ 1	$ 1	$ 2	$ 2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
CURRENT ASSETS
Cash and cash equivalents	$ 1,603	$ 360
Accounts receivable (less allowances for doubtful accounts of $25 and $21, respectively)	1,460	1,425
Inventories - net	1,695	1,655
Prepaid expenses and other current assets	127	104
Prepaid income taxes	33	11
Total current assets	4,918	3,555
PROPERTY, BUILDINGS AND EQUIPMENT - NET	1,365	1,400
DEFERRED INCOME TAXES	10	11
GOODWILL	365	429
INTANGIBLES - NET	223	304
OTHER ASSETS	313	306
TOTAL ASSETS	7,194	6,005
CURRENT LIABILITIES
Short-term debt	15	55
Current maturities of long-term debt	21	246
Trade accounts payable	770	719
Accrued compensation and benefits	212	228
Accrued contributions to employees’ profit sharing plans	33	85
Accrued expenses	312	318
Income taxes payable	25	27
Total current liabilities	1,388	1,678
LONG-TERM DEBT (less current maturities)	3,301	1,914
DEFERRED INCOME TAXES AND TAX UNCERTAINTIES	103	106
OTHER NON-CURRENT LIABILITIES	250	247
SHAREHOLDERS' EQUITY
Cumulative Preferred Stock – $5 par value – 12,000,000 shares authorized; none issued nor outstanding	0	0
Common Stock – $0.50 par value – 300,000,000 shares authorized; 109,659,219 shares issued	55	55
Additional contributed capital	1,198	1,182
Retained earnings	8,536	8,405
Accumulated other comprehensive losses	(151)	(154)
Treasury stock, at cost – 56,087,483 and 55,971,691 shares, respectively	(7,709)	(7,633)
Total W.W. Grainger, Inc. shareholders’ equity	1,929	1,855
Noncontrolling interest	223	205
Total shareholders' equity	2,152	2,060
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 7,194	$ 6,005

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 25	$ 21
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	56,087,483	55,971,691

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 314	$ 534
Provision for credit losses	14	6
Deferred income taxes and tax uncertainties	0	12
Depreciation and amortization	95	113
Net losses (gains) from sales of assets and business divestitures	110	(5)
Impairment of goodwill, intangibles and long-lived assets	177	0
Stock-based compensation	26	23
Subtotal	422	149
Change in operating assets and liabilities:
Accounts receivable	(113)	(118)
Inventories	(144)	12
Prepaid expenses and other assets	(37)	(22)
Trade accounts payable	79	100
Accrued liabilities	(32)	(187)
Income taxes - net	(18)	(7)
Other non-current liabilities	5	(11)
Subtotal	(260)	(233)
Net cash provided by operating activities	476	450
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, buildings, equipment and intangibles	(93)	(107)
Proceeds from sales of assets and business divestitures	13	14
Other	(2)	2
Net cash used in investing activities	(82)	(91)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under lines of credit	12	19
Payments against lines of credit	(50)	(16)
Proceeds from Issuance of Long-term Debt	1,500	0
Payments of long-term debt	(347)	(34)
Proceeds from stock options exercised	28	16
Payments for employee taxes withheld from stock awards	(14)	(10)
Purchases of treasury stock	(101)	(400)
Cash dividends paid	(164)	(163)
Other - net	0	2
Net cash provided by (used in) financing activities	864	(586)
Exchange rate effect on cash and cash equivalents	(15)	4
NET CHANGE IN CASH AND CASH EQUIVALENTS	1,243	(223)
Cash and cash equivalents at beginning of year	360	538
Cash and cash equivalents at end of period	$ 1,603	$ 315

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Contributed Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Earnings (Losses)	Treasury Stock [Member]	Noncontrolling Interest [Member]
Beginning balance at Dec. 31, 2018	$ 2,093	$ 55	$ 1,134	$ 7,869	$ (171)	$ (6,966)	$ 172
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock based compensation	6		3			3
Purchases of treasury stock	(135)					(135)
Net earnings	262			253			9
Other comprehensive (losses) earnings	1				3		(2)
Capital contribution	2						2
Cash dividends paid	(77)			(77)
Ending balance at Mar. 31, 2019	2,152	55	1,137	8,045	(168)	(7,098)	181
Beginning balance at Dec. 31, 2018	2,093	55	1,134	7,869	(171)	(6,966)	172
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	534
Other comprehensive (losses) earnings	18
Ending balance at Jun. 30, 2019	2,114	55	1,152	8,226	(156)	(7,354)	191
Beginning balance at Mar. 31, 2019	2,152	55	1,137	8,045	(168)	(7,098)	181
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock based compensation	24		15			9
Purchases of treasury stock	(265)					(265)
Net earnings	272			260			12
Other comprehensive (losses) earnings	17				12		5
Cash dividends paid	(86)			(79)			(7)
Ending balance at Jun. 30, 2019	2,114	55	1,152	8,226	(156)	(7,354)	191
Beginning balance at Dec. 31, 2019	2,060	55	1,182	8,405	(154)	(7,633)	205
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock based compensation	23		10			13
Purchases of treasury stock	(100)					(100)
Net earnings	185			173			12
Other comprehensive (losses) earnings	(60)				(63)		3
Cash dividends paid	(78)			(78)
Ending balance at Mar. 31, 2020	2,030	55	1,192	8,500	(217)	(7,720)	220
Beginning balance at Dec. 31, 2019	2,060	55	1,182	8,405	(154)	(7,633)	205
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	314
Other comprehensive (losses) earnings	4
Ending balance at Jun. 30, 2020	2,152	55	1,198	8,536	(151)	(7,709)	223
Beginning balance at Mar. 31, 2020	2,030	55	1,192	8,500	(217)	(7,720)	220
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock based compensation	17		6			11
Purchases of treasury stock	(1)						(1)
Net earnings	129			114			15
Other comprehensive (losses) earnings	64				66		(2)
Cash dividends paid	(87)			(78)			(9)
Ending balance at Jun. 30, 2020	$ 2,152	$ 55	$ 1,198	$ 8,536	$ (151)	$ (7,709)	$ 223

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY (PARENTHETICAL) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Stockholders' Equity (Parentheticals) [Abstract]
Cash dividends paid per share (in dollars per share)	$ 1.44	$ 1.44	$ 2.88	$ 2.80

BACKGROUND AND BASIS OF PRESENT

BACKGROUND AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BACKGROUND AND BASIS OF PRESENTATION	BACKGROUND AND BASIS OF PRESENTATION 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, Japan and Europe. In this report, the words “Company” or “Grainger” 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. Consistent with the Company's strategic focus on broad-line MRO distribution in key markets, on June 30, 2020, Grainger divested the Fabory business in Europe (Fabory). Accordingly, the Company's condensed consolidated statements of earnings, comprehensive earnings and cash flows include Fabory results through the date of divestiture. The proceeds from the divestiture will be used to fund general corporate needs and capital investments. During the second quarter of 2020, Grainger recognized a net loss of approximately $109 million (presented within Selling, general and administrative expenses (SG&A)) as a result of this divestiture, which included accumulated foreign currency translation losses of $48 million, that were reclassified from Accumulated other comprehensive earnings (losses) (AOCE) to SG&A. The Company's Condensed Consolidated Financial Statements (Financial Statements) and the related notes are unaudited and should be read in conjunction with the consolidated financial statements and associated notes for the year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on February 20, 2020 (the 2019 Form 10-K). The Condensed Consolidated Balance Sheet as of December 31, 2019 has been derived from the audited consolidated financial statements at that date but does not include all of the disclosures required by accounting principles generally accepted in the United States of America (U.S.) for complete financial statements. The unaudited financial information reflects all adjustments (primarily consisting of normal recurring adjustments) which, in the opinion of management, are necessary for a fair presentation of the statements contained in this report.

UPDATE TO SIGNIFICANT ACCOUNTIN

UPDATE TO SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
UPDATE TO SIGNIFICANT ACCOUNTING POLICIES [Abstract]
UPDATE TO SIGNIFICANT ACCOUNTING POLICIES	UPDATE TO SIGNIFICANT ACCOUNTING POLICIESOther than the implemented accounting policies related to the allowances for credit losses per the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13 (see Notes 3 and 5 to the Financial Statements), change in depreciation estimates (see Note 6 to the Financial Statements) and accounting for derivative instruments (see Note 10 to the Financial Statements), there have been no material changes to the Company’s significant accounting policies disclosed in the 2019 Form 10-K, Part II, Item 8.

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
NEW ACCOUNTING STANDARDS	NEW ACCOUNTING STANDARDS In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments as modified by subsequently issued ASUs 2018-19, 2019-04, 2019-05, 2019-11 and 2020-02. This ASU requires estimating all expected credit losses for certain types of financial instruments, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The Company adopted this ASU effective January 1, 2020. While the adoption of this ASU did not have a material impact on the Company's Financial Statements, it required changes to the Company’s process of estimating expected credit losses on trade receivables . See Note 5 for further information on the Company’s allowance for credit losses. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU clarifies and simplifies accounting for income taxes by eliminating certain exceptions for intraperiod tax allocation principles, the methodology for calculating income tax rates in an interim period, and recognition of deferred taxes for outside basis differences in an investment, among other updates. The effective date of this ASU is for fiscal years and interim periods beginning after December 15, 2020. The Company is currently evaluating the potential impact of this ASU on the Financial Statements. In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815), Clarifying the Interactions between Topic 321, Topic 323 and Topic 815 . This ASU simplifies the understanding and application of the codification topics by eliminating inconsistencies and providing clarifications. The effective date of this ASU is for fiscal years and interim periods beginning after December 15, 2020. The Company is currently evaluating the potential impact of this ASU on the Financial Statements. In March 2020, the FASB issued ASU 2020-03, Codification Improvements to Financial Instruments . The amendments in this update represent changes to clarify or improve the codification and correct unintended application. This ASU was effective immediately upon issuance and its adoption did not have a material impact on the Company's Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . This update provides optional expedients and exceptions for applying generally accepted accounting principles to certain contract modifications and hedging relationships that reference London Inter-bank Offered Rate (LIBOR) or another reference rate expected to be discontinued. The guidance is effective upon issuance and generally can be applied through December 31, 2022. The Company is currently evaluating the potential impact of this ASU on the Financial Statements.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Company revenue is primarily comprised of MRO product sales and related activities, such as freight and services. Total service revenue is not material and accounted for approximately 1% of the Company's revenue for the three and six months ended June 30, 2020 and 2019, respectively. Grainger serves a large number of customers in diverse industries, which are subject to different economic and market specific factors. The Company's presentation of revenue by industry most reasonably depicts how the nature, amount, timing and uncertainty of Company revenue and cash flows are affected by economic and market specific factors. The following table presents the Company's percentage of revenue by reportable segment and by major customer industry: Three Months Ended June 30, 2020 2019 U.S. Canada Total Company (2) U.S. Canada Total Company (2) Government 24 % 10 % 17 % 19 % 6 % 14 % Heavy Manufacturing 15 % 16 % 15 % 19 % 20 % 17 % Light Manufacturing 13 % 7 % 10 % 13 % 6 % 11 % Transportation 5 % 10 % 5 % 5 % 8 % 5 % Healthcare 11 % — % 8 % 7 % — % 5 % Commercial 7 % 10 % 6 % 10 % 9 % 8 % Retail/Wholesale 10 % 3 % 8 % 8 % 4 % 7 % Contractors 9 % 10 % 7 % 10 % 11 % 8 % Natural Resources 2 % 29 % 3 % 3 % 32 % 4 % Other (1) 4 % 5 % 21 % 6 % 4 % 21 % Total 100 % 100 % 100 % 100 % 100 % 100 % Percent of Total Company Revenue 72 % 4 % 100 % 72 % 5 % 100 % Six Months Ended June 30, 2020 2019 U.S. Canada Total Company (2) U.S. Canada Total Company (2) Government 21 % 10 % 16 % 18 % 6 % 13 % Heavy Manufacturing 17 % 17 % 16 % 19 % 21 % 18 % Light Manufacturing 13 % 6 % 10 % 13 % 6 % 11 % Transportation 5 % 10 % 5 % 6 % 8 % 5 % Healthcare 10 % — % 7 % 7 % — % 5 % Commercial 8 % 9 % 7 % 10 % 9 % 8 % Retail/Wholesale 10 % 4 % 8 % 8 % 4 % 7 % Contractors 9 % 9 % 7 % 10 % 10 % 8 % Natural Resources 2 % 29 % 3 % 3 % 32 % 4 % Other (1) 5 % 6 % 21 % 6 % 4 % 21 % Total net sales to external customers 100 % 100 % 100 % 100 % 100 % 100 % Percent of Total Company Revenue 72 % 4 % 100 % 72 % 5 % 100 % (1) Other category primarily includes revenue from individual customers not aligned to major industry segment, including small businesses and consumers, and intersegment net sales. (2) Total Company includes other businesses, which include the Company's endless assortment businesses and operations in the United Kingdom (U.K.) and Mexico and accounts for approximately 24% of revenue for the three and six months ended June 30, 2020 and 23% of revenue for the three and six months ended June 30, 2019.

ACCOUNTS RECEIVABLE AND ALLOWAN

ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES	6 Months Ended
	Jun. 30, 2020
ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES [Abstract]
ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES	ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES The Company’s accounts receivable arise primarily from sales on credit to customers. The Company establishes an allowance for credit losses to present the net amount of accounts receivable expected to be collected. The allowance is determined by using the loss-rate method, which requires an estimation of loss rates based upon historical loss experience adjusted for factors that are relevant to determining the expected collectability of accounts receivables. Some of these factors include macroeconomic conditions that correlate with historical loss experience, delinquency trends, aging behavior of receivables and credit and liquidity quality indicators for industry groups, customer classes or individual customers.

PROPERTY, BUILDINGS AND EQUIPME

PROPERTY, BUILDINGS AND EQUIPMENT	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 December 31, 2019 Land $ 329 $ 332 Building, structures and improvements 1,317 1,329 Furniture, fixtures, machinery and equipment 1,824 1,832 Property, buildings and equipment $ 3,470 $ 3,493 Less: Accumulated depreciation and amortization and impairment 2,105 2,093 Property, buildings and equipment, net $ 1,365 $ 1,400 Grainger has historically depreciated certain property, building, and equipment using both the declining balance and sum-of-the-years’ digits methods over estimated useful lives of approximately thirty years. In accordance with its policy, the Company periodically reviews information impacting the pattern of consumption for its capital assets and useful lives to ensure that estimates of depreciation expenses are appropriate. The Company’s investment in its supply chain infrastructure and technology triggered the review of these patterns of consumption. Pursuant to the review and effective January 1, 2020, the method of estimating depreciation for these assets was changed to the straight-line method and useful lives to forty

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Canada Business Given the continued slowdowns in global oil markets and the economic repercussions from the COVID-19 pandemic in Canada, qualitative tests performed in the second quarter of 2020 indicated the existence of impairment indicators for the Canada business. As such, quantitative tests were performed to evaluate whether any impairment of goodwill was necessary. Based on the result of the quantitative tests, the Company concluded that there was no impairment of goodwill. The enterprise value of the Canada business at June 30, 2020 exceeded its carrying value by more than 25%, which is a 10 percentage point decrease since the date of the last quantitative test, December 31, 2019. Based on the most recent impairment test of the Canada business and respective sensitivity analysis, it was noted that an increase of approximately 3% in the pre-tax discount rate or approximately 1.5% decrease in revenue long-term growth rate projections, would cause the Canada business enterprise value to fall to the level of its carrying value and thus trigger an impairment. The Company will continue to monitor business plans for the Canada business throughout 2020 to determine the need for interim impairment evaluations. Changes in assumptions regarding future business performance and macroeconomic conditions, particularly the COVID-19 pandemic and global oil prices, may negatively impact demand generation over a long period, future cash flows and enterprise valuations, which could result in future impairments of goodwill and intangible assets for the Canada business. Fabory Business During the first quarter of 2020, the Company recorded impairment charges totaling $58 million attributable to all of Fabory's goodwill and tradenames. Concurrently, consistent with the circumstances leading to the goodwill and tradenames' impairment, the Company performed a recoverability and fair value test of Fabory’s long-lived assets, including property, buildings and equipment and customer lists and relationships and concluded to impair those assets. The impairments of these assets were driven primarily by revenue slowdown in key Fabory markets, gross profit pressures and a flat-to-declining operating margin against a backdrop of industrial sector declines across Europe, which was further amplified by the long-term implications of the COVID-19 pandemic, among other factors. The Company divested Fabory during the second quarter of 2020 (see Note 1). The balances and changes in the carrying amount of Goodwill (net of cumulative goodwill impairments) by segment are as follows (in millions of dollars): United States Canada Other businesses Total Balance at January 1, 2019 $ 192 $ 120 $ 112 $ 424 Translation — 6 (1) 5 Balance at December 31, 2019 192 126 111 429 Impairment — — (58) (58) Translation — (5) (1) (6) Balance at June 30, 2020 $ 192 $ 121 $ 52 $ 365 The cumulative goodwill impairments as of June 30, 2020, were $137 million and consisted of $32 million in the Canada business and $105 million in Other businesses. There were no impairments to goodwill for the three and six months ended June 30, 2020 related to current businesses in Grainger's portfolio. The balances in Intangible assets, net are as follows (in millions of dollars ): June 30, 2020 December 31, 2019 Weighted average life Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer lists and relationships 11.8 years $ 221 $ 166 $ 55 $ 401 $ 301 $ 100 Trademarks, trade names and other 14.2 years 34 20 14 36 20 16 Non-amortized trade names and other Indefinite 27 — 27 100 38 62 Capitalized software 4.2 years 652 525 127 626 500 126 Total intangible assets 6.7 years $ 934 $ 711 $ 223 $ 1,163 $ 859 $ 304

RESTRUCTURING

RESTRUCTURING	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING The Company continues to evaluate performance and take restructuring actions across all businesses to improve operating cost leverage. In the three and six months ended June 30, 2020, the Company recorded restructuring charges of approximately $1 million and $8 million, respectively. These charges primarily consisted of involuntary employee termination costs in the U.S. and Canada business, net of gains from the sales of branches and are included in SG&A. In the three and six months ended June 30, 2019, restructuring activity was not material. The reserve balance as of June 30, 2020 and December 31, 2019 was approximately $10 million and is primarily included in Accrued compensation and benefits. The remaining amounts are expected to be paid through 2020.

SHORT-TERM AND LONG-TERM DEBT

SHORT-TERM AND LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
SHORT-TERM AND LONG-TERM DEBT	SHORT-TERM AND LONG-TERM DEBT During the first quarter of 2020, the Company entered into several financing transactions: • In February 2020, the Company issued $500 million of unsecured 1.85% Senior Notes (1.85% Notes) and used the proceeds to repay the British pound term loan, Euro term loan and the Canadian dollar revolving credit facility, and to fund general working capital needs. • In connection with the 1.85% Notes, in February 2020, the Company entered into derivative instrument agreements to manage its risks associated with interest rates of the 1.85% Notes and foreign currency fluctuations related to the financing of international operations. See Note 10 for further discussion of these derivative instruments and the Company's hedge accounting policies. • In February 2020, the Company entered into a five-year unsecured credit agreement pursuant to which the Company may obtain loans in various currencies on a revolving basis in an aggregate amount not exceeding the U.S. Dollar equivalent of $1.25 billion ($1.25 billion credit facility), which may be increased from time to time up to $1.875 billion at the request of the Company, subject to obtaining additional commitments and other customary conditions. The $1.25 billion credit facility replaced the Company's former $750 million unsecured revolving credit facility, originated in October 2017, which was scheduled to mature in October 2022. • In March 2020, the Company received approximately $1 billion after drawing down on its $1.25 billion credit facility as a proactive measure to increase its cash position and preserve financial flexibility in light of current uncertainty in the global markets resulting from the COVID-19 pandemic. Short-term debt consisted of outstanding lines of credit of $15 million and $55 million as of June 30, 2020 and December 31, 2019, respectively. Long-term debt, including current maturities and debt issuance costs and discounts, net, consisted of the following (in millions of dollars): As of June 30, 2020 As of December 31, 2019 Carrying Value Fair Value (3) Carrying Value Fair Value (3) 4.60% senior notes due 2045 $ 1,000 $ 1,260 $ 1,000 $ 1,194 3.75% senior notes due 2046 400 441 400 416 4.20% senior notes due 2047 400 478 400 449 1.85% senior notes due 2025 (1) 500 524 — — $1.25 billion credit facility (2) 1,000 1,000 — — British pound term loan — — 170 170 Euro term loan — — 123 123 Canadian dollar revolving credit facility — — 46 46 Other 49 49 42 42 Subtotal (4) 3,349 3,752 2,181 2,440 Less current maturities (21) (21) (246) (246) Debt issuance costs and discounts, net of amortization (27) (27) (21) (21) Long-term debt (less current maturities) $ 3,301 $ 3,704 $ 1,914 $ 2,173 (1) The 1.85% Notes mature in February 2025 and they require no principal payments until the maturity date and interest is payable semi-annually on February 15 and August 15, beginning in August 2020. Prior to January 2025, the Company may redeem the 1.85% Notes in whole at any time or in part from time to time at a “make-whole” redemption price. This redemption price is calculated by reference to the then-current yield on a U.S. treasury security with a maturity comparable to the remaining term of the 1.85% Notes plus 10 basis points, together with accrued and unpaid interest, if any, at the redemption date. Additionally, if the Company experiences specific kinds of changes in control, it will be required to make an offer to purchase the 1.85% Notes at 101% of their principal amount plus accrued and unpaid interest, if any, at the date of purchase. On or after January 15, 2025, the Company may redeem the 1.85% Notes in whole at any time or in part from time to time at 100% of their principal amount, together with accrued and unpaid interest, if any, to the redemption date. Costs and discounts of approximately $5 million associated with the issuance of the 1.85% Notes, representing underwriting fees and other expenses, have been recorded as a contra-liability within Long-term debt and are being amortized to interest expense, net over the term of the 1.85% Notes. (2) The $1.25 billion credit facility matures in February 2025. Borrowings under the credit facility bear interest, at the Company’s option, either at (a) the Eurocurrency rate for specified interest periods plus a margin determined with reference to the rating on the Company’s non-credit-enhanced, senior unsecured long-term debt or (b) the base rate, which is the highest of (i) 1%, (ii) the Wall Street Journal prime rate, (iii) the higher of (A) the federal funds rate and (B) the Federal Reserve Bank of New York overnight rate, in each case plus 0.50% per annum or (iv) the Eurocurrency rate for a one month interest period plus 1.00% per annum, plus, in each case, a margin determined with reference to the rating on the Company’s non-credit-enhanced, senior unsecured long-term debt. No principal payments are required on the credit facility until the maturity date. (3) 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 value hierarchy. The carrying value of other long-term debt approximates fair value due to their variable interest rates.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS The Company maintains various agreements with bank counterparties that permit the Company to enter into "over-the-counter" derivative instrument agreements to manage its risk associated with interest rates and foreign currency fluctuations. In February 2020, the Company entered into certain derivative instrument agreements to manage its risk associated with interest rates of its 1.85% Notes and foreign currency fluctuations in connection with its foreign currency-denominated intercompany borrowings. The Company did not enter into these agreements for trading or speculative purposes. Accounting for derivative instruments The Company recognizes all derivative instruments as assets or liabilities in the Condensed Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. To qualify for hedge accounting, a derivative must be highly effective at reducing the risk associated with the exposure being hedged. In addition, for a derivative to be designated as a hedge, the risk management objective and strategy must be documented. Hedge documentation must identify the derivative hedging instrument, the asset or liability or forecasted transaction, type of risk to be hedged, and how the effectiveness of the derivative is assessed prospectively and retrospectively. To assess effectiveness, the Company uses statistical methods and qualitative comparisons of critical terms. The extent to which a derivative has been and is expected to continue to be, highly effective at offsetting changes in the fair value or cash flows of the hedged item is assessed and documented periodically. If it is determined that a derivative is not highly effective at hedging the designated exposure, hedge accounting is discontinued. For those derivative instruments that are designated and qualify as hedging instruments, the Company classifies them as fair value hedges or cash flow hedges. Fair value hedges The Company uses fair value hedges primarily to hedge a portion of its fixed-rate long-term debt via interest rate swaps. Changes in the fair value of the interest rate swap, along with the gain or loss on the hedged item, is recorded in earnings under the same line item, interest expense, net. The notional amount of the Company’s outstanding fair value hedges as of June 30, 2020 was $500 million. Cash flow hedges The Company uses cash flow hedges primarily to hedge the exposure to variability in forecasted cash flows from foreign currency-denominated intercompany borrowings via cross-currency swaps. Gains or losses on the cross-currency swaps are reported as a component of AOCE and reclassified into earnings in the same period during which the hedged transaction affects earnings. The notional amount of the Company’s outstanding cash flow hedges as of June 30, 2020 was approximately $34 million. The effect of the Company's fair value and cash flow hedges on the Company's Condensed Consolidated Statement of Earnings for the three and six months ended June 30, 2020 is as follows (in millions of dollars): Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Interest expense, net Other, net Interest expense, net Other, net Gain or (loss) recognized in earnings Fair value hedge: Hedged item $ (4) $ — $ (22) $ — Interest rate swap designated as hedging instrument $ 4 $ — $ 22 $ — Cash flow hedge: Hedged item $ — $ 2 $ — $ — Cross-currency swap designated as hedging instrument $ — $ (2) $ — $ — The effect of the Company’s fair value and cash flow hedges on AOCE for the six months ended June 30, 2020 was not material. The fair value and carrying amounts of outstanding derivative instruments in the Condensed Consolidated Balance Sheets as of June 30, 2020 was as follows (in millions of dollars): Balance Sheet Classification Fair Value and Carrying Amounts Cross-currency swap Other assets $ — Interest rate swap Other assets $ 22 The carrying amount of the liability hedged by the interest rate swap (long-term debt), including the cumulative amount of fair value hedging adjustments, as of June 30, 2020 amounted to $522 million.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The reconciliations of income tax expense with federal income taxes at the statutory rate are as follows (in millions of dollars): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Federal income tax $ 39 $ 77 $ 69 $ 151 States income taxes, net of federal benefit 6 9 11 19 Foreign rate difference 4 5 6 10 Fabory Tax Impact, non operating 5 — (76) — Change in valuation allowance 2 2 4 3 Other, net (1) 1 (2) — Income tax expense $ 55 94 $ 12 $ 183 Effective tax rate 30.2 % 25.6 % 3.9 % 25.5 % The changes to the Company's effective tax rate (ETR) for the six months ended June 30, 2020 was primarily driven by tax losses in the Company's investment in Fabory per the impairment and internal reorganization of the Company's holdings of Fabory in the first quarter of 2020. The Company divested Fabory during the second quarter of 2020 (see Note 1). On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act was enacted and signed into U.S. law to provide economic relief to individuals and businesses facing economic hardship as a result of the COVID-19 pandemic. The CARES Act did not have a material impact on the Company's consolidated financial condition or results of operations as of and for the six months ended June 30, 2020. The Company has deferred the timing of federal tax estimates and payroll taxes as permitted by the CARES Act.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Grainger's two reportable segments are the U.S. and Canada. These reportable segments reflect the results of the Company's high-touch businesses in those geographies. Other businesses include the endless assortment businesses, Zoro Tools, Inc. (Zoro) and MonotaRO Co., LTD (MonotaRO), and smaller high-touch businesses in the U.K. and Mexico. These businesses individually do not meet the criteria of a reportable segment. Operating segments generate revenue almost exclusively through the distribution of MRO supplies, as service revenues account for approximately 1% of total revenues for each operating segment. Following is a summary of segment results (in millions of dollars): Three Months Ended June 30, 2020 U.S. Canada Total Reportable Segments Other businesses Total Total net sales $ 2,169 $ 107 $ 2,276 $ 680 $ 2,956 Intersegment net sales (118) — (118) (1) (119) Net sales to external customers $ 2,051 $ 107 $ 2,158 $ 679 $ 2,837 Segment operating earnings $ 318 $ (3) $ 315 $ 38 $ 353 Three Months Ended June 30, 2019 U.S. Canada Total Reportable Segments Other businesses Total Total net sales $ 2,222 $ 135 $ 2,357 $ 663 $ 3,020 Intersegment net sales (127) — (127) — (127) Net sales to external customers $ 2,095 $ 135 $ 2,230 $ 663 $ 2,893 Segment operating earnings $ 381 $ 1 $ 382 $ 27 $ 409 Six Months Ended June 30, 2020 U.S. Canada Total Reportable Segments Other businesses Total Total net sales $ 4,476 $ 236 $ 4,712 $ 1,378 $ 6,090 Intersegment net sales (251) — (251) (1) (252) Net sales to external customers $ 4,225 $ 236 4,461 $ 1,377 $ 5,838 Segment operating earnings $ 658 $ (6) $ 652 $ (100) $ 552 Six Months Ended June 30, 2019 U.S. Canada Total Reportable Segments Other businesses Total Total net sales $ 4,371 $ 271 $ 4,642 $ 1,296 $ 5,938 Intersegment net sales (245) — (245) (1) (246) Net sales to external customers $ 4,126 $ 271 $ 4,397 $ 1,295 $ 5,692 Segment operating earnings $ 745 $ (4) $ 741 $ 57 $ 798 Following are reconciliations of segment information with the consolidated totals per the Financial Statements (in millions of dollars): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Operating earnings: Total operating earnings for reportable segments $ 315 $ 382 $ 652 $ 741 Other businesses 38 27 (100) 57 Unallocated expenses (148) (29) (188) (55) Total consolidated operating earnings $ 205 $ 380 $ 364 $ 743 As of June 30, 2020 December 31, 2019 Assets: United States $ 2,919 $ 2,668 Canada 168 173 Assets for reportable segments 3,087 2,841 Other current and noncurrent assets 2,607 3,003 Unallocated assets 1,500 161 Total consolidated assets $ 7,194 $ 6,005 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. Unallocated amounts include corporate-level support and administrative expenses, corporate-level assets consisting primarily of cash, property, buildings and equipment, intersegment eliminations and other adjustments. Unallocated expenses and assets are not included in any reportable segment.

CONTINGENCIES AND LEGAL MATTERS

CONTINGENCIES AND LEGAL MATTERS	6 Months Ended
	Jun. 30, 2020
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 that are incidental to its business, including claims related to product liability, safety or compliance, privacy and cybersecurity matters, general negligence, contract disputes, environmental issues, unclaimed property, wage and hour laws, intellectual property, advertising, consumer protection, pricing (including disaster or emergency declaration pricing statutes), employment practices, regulatory compliance, anti-bribery and corruption or other matters and actions brought by employees, consumers, competitors, suppliers, customers, governmental entities and other third parties. For example, as disclosed in the Company's 2019 Form 10-K, beginning in the fourth quarter of 2019, Grainger, KMCO, LLC (KMCO) and other defendants have been named in several product liability-related lawsuits in the Harris County, Texas District Court relating to an explosion at a KMCO chemical refinery located in Crosby, Harris County, Texas on April 2, 2019. The complaints seek recovery of compensatory and other damages and relief. On May 8, 2020, KMCO filed a voluntary petition in the United States Bankruptcy Court for the Southern District of Texas for relief under Chapter 7 of Title 11 of the United States Bankruptcy Court in the case KMCO, LLC, No. 20-60028. As a result of the Chapter 7 proceedings, the claims against KMCO in the Harris County lawsuits are currently stayed. Grainger is investigating the claims, which are at an early stage, and intends to contest these matters vigorously. Also, as a government contractor selling to federal, state and local governmental entities, the Company may be subject to governmental or regulatory inquiries or audits or other proceedings, including those related to contract administration or to pricing compliance. While the Company is unable to predict the outcome of any of these matters, it is not expected that the ultimate resolution of any of these matters will have, either individually or in the aggregate, a material adverse effect on the Company's consolidated financial condition or results of operations. From time to time, the Company has also been named, along with numerous other nonaffiliated companies, as a defendant in litigation in various states involving asbestos and/or silica. These lawsuits typically assert claims of personal injury arising from alleged exposure to asbestos and/or silica as a consequence of products manufactured by third parties purportedly distributed by the Company. While several lawsuits have been dismissed in the past based on the lack of product identification, if a specific product distributed by the Company is identified in any pending or future lawsuits, the Company will seek to exercise indemnification remedies against the product manufacturer to the extent available. In addition, the Company believes that a substantial number of these claims are covered by insurance. The Company has entered into agreements with its major insurance carriers relating to the scope, coverage and the costs of defense, of lawsuits involving claims of exposure to asbestos. The Company believes it has strong legal and factual defenses and intends to continue defending itself vigorously in these lawsuits. While the Company is unable to predict the outcome of these proceedings, it believes that the ultimate resolution will not have, either individually or in the aggregate, a material adverse effect on the Company’s consolidated financial condition or results of operations.

NEW ACCOUNTING STANDARDS (Polic

NEW ACCOUNTING STANDARDS (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Update to Significant Accounting Policies and New Accounting Standards	UPDATE TO SIGNIFICANT ACCOUNTING POLICIESOther than the implemented accounting policies related to the allowances for credit losses per the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13 (see Notes 3 and 5 to the Financial Statements), change in depreciation estimates (see Note 6 to the Financial Statements) and accounting for derivative instruments (see Note 10 to the Financial Statements), there have been no material changes to the Company’s significant accounting policies disclosed in the 2019 Form 10-K, Part II, Item 8.NEW ACCOUNTING STANDARDS In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments as modified by subsequently issued ASUs 2018-19, 2019-04, 2019-05, 2019-11 and 2020-02. This ASU requires estimating all expected credit losses for certain types of financial instruments, including trade receivables, held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The Company adopted this ASU effective January 1, 2020. While the adoption of this ASU did not have a material impact on the Company's Financial Statements, it required changes to the Company’s process of estimating expected credit losses on trade receivables . See Note 5 for further information on the Company’s allowance for credit losses. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU clarifies and simplifies accounting for income taxes by eliminating certain exceptions for intraperiod tax allocation principles, the methodology for calculating income tax rates in an interim period, and recognition of deferred taxes for outside basis differences in an investment, among other updates. The effective date of this ASU is for fiscal years and interim periods beginning after December 15, 2020. The Company is currently evaluating the potential impact of this ASU on the Financial Statements. In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815), Clarifying the Interactions between Topic 321, Topic 323 and Topic 815 . This ASU simplifies the understanding and application of the codification topics by eliminating inconsistencies and providing clarifications. The effective date of this ASU is for fiscal years and interim periods beginning after December 15, 2020. The Company is currently evaluating the potential impact of this ASU on the Financial Statements. In March 2020, the FASB issued ASU 2020-03, Codification Improvements to Financial Instruments . The amendments in this update represent changes to clarify or improve the codification and correct unintended application. This ASU was effective immediately upon issuance and its adoption did not have a material impact on the Company's Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . This update provides optional expedients and exceptions for applying generally accepted accounting principles to certain contract modifications and hedging relationships that reference London Inter-bank Offered Rate (LIBOR) or another reference rate expected to be discontinued. The guidance is effective upon issuance and generally can be applied through December 31, 2022. The Company is currently evaluating the potential impact of this ASU on the Financial Statements.
Accounts Receivable and Allowance for Credit Losses, Policy	ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES The Company’s accounts receivable arise primarily from sales on credit to customers. The Company establishes an allowance for credit losses to present the net amount of accounts receivable expected to be collected. The allowance is determined by using the loss-rate method, which requires an estimation of loss rates based upon historical loss experience adjusted for factors that are relevant to determining the expected collectability of accounts receivables. Some of these factors include macroeconomic conditions that correlate with historical loss experience, delinquency trends, aging behavior of receivables and credit and liquidity quality indicators for industry groups, customer classes or individual customers.

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenues	The following table presents the Company's percentage of revenue by reportable segment and by major customer industry: Three Months Ended June 30, 2020 2019 U.S. Canada Total Company (2) U.S. Canada Total Company (2) Government 24 % 10 % 17 % 19 % 6 % 14 % Heavy Manufacturing 15 % 16 % 15 % 19 % 20 % 17 % Light Manufacturing 13 % 7 % 10 % 13 % 6 % 11 % Transportation 5 % 10 % 5 % 5 % 8 % 5 % Healthcare 11 % — % 8 % 7 % — % 5 % Commercial 7 % 10 % 6 % 10 % 9 % 8 % Retail/Wholesale 10 % 3 % 8 % 8 % 4 % 7 % Contractors 9 % 10 % 7 % 10 % 11 % 8 % Natural Resources 2 % 29 % 3 % 3 % 32 % 4 % Other (1) 4 % 5 % 21 % 6 % 4 % 21 % Total 100 % 100 % 100 % 100 % 100 % 100 % Percent of Total Company Revenue 72 % 4 % 100 % 72 % 5 % 100 % Six Months Ended June 30, 2020 2019 U.S. Canada Total Company (2) U.S. Canada Total Company (2) Government 21 % 10 % 16 % 18 % 6 % 13 % Heavy Manufacturing 17 % 17 % 16 % 19 % 21 % 18 % Light Manufacturing 13 % 6 % 10 % 13 % 6 % 11 % Transportation 5 % 10 % 5 % 6 % 8 % 5 % Healthcare 10 % — % 7 % 7 % — % 5 % Commercial 8 % 9 % 7 % 10 % 9 % 8 % Retail/Wholesale 10 % 4 % 8 % 8 % 4 % 7 % Contractors 9 % 9 % 7 % 10 % 10 % 8 % Natural Resources 2 % 29 % 3 % 3 % 32 % 4 % Other (1) 5 % 6 % 21 % 6 % 4 % 21 % Total net sales to external customers 100 % 100 % 100 % 100 % 100 % 100 % Percent of Total Company Revenue 72 % 4 % 100 % 72 % 5 % 100 % (1) Other category primarily includes revenue from individual customers not aligned to major industry segment, including small businesses and consumers, and intersegment net sales. (2) Total Company includes other businesses, which include the Company's endless assortment businesses and operations in the United Kingdom (U.K.) and Mexico and accounts for approximately 24% of revenue for the three and six months ended June 30, 2020 and 23% of revenue for the three and six months ended June 30, 2019.

PROPERTY, BUILDINGS AND EQUIP_2

PROPERTY, BUILDINGS AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
PROPERTY, BUILDINGS AND EQUIPMENT	Property, buildings and equipment consisted of the following (in millions of dollars): As of June 30, 2020 December 31, 2019 Land $ 329 $ 332 Building, structures and improvements 1,317 1,329 Furniture, fixtures, machinery and equipment 1,824 1,832 Property, buildings and equipment $ 3,470 $ 3,493 Less: Accumulated depreciation and amortization and impairment 2,105 2,093 Property, buildings and equipment, net $ 1,365 $ 1,400

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The balances and changes in the carrying amount of Goodwill (net of cumulative goodwill impairments) by segment are as follows (in millions of dollars): United States Canada Other businesses Total Balance at January 1, 2019 $ 192 $ 120 $ 112 $ 424 Translation — 6 (1) 5 Balance at December 31, 2019 192 126 111 429 Impairment — — (58) (58) Translation — (5) (1) (6) Balance at June 30, 2020 $ 192 $ 121 $ 52 $ 365
Schedule of Finite-Lived Intangible Assets By Major Class	The balances in Intangible assets, net are as follows (in millions of dollars ): June 30, 2020 December 31, 2019 Weighted average life Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer lists and relationships 11.8 years $ 221 $ 166 $ 55 $ 401 $ 301 $ 100 Trademarks, trade names and other 14.2 years 34 20 14 36 20 16 Non-amortized trade names and other Indefinite 27 — 27 100 38 62 Capitalized software 4.2 years 652 525 127 626 500 126 Total intangible assets 6.7 years $ 934 $ 711 $ 223 $ 1,163 $ 859 $ 304

SHORT-TERM AND LONG-TERM DEBT (

SHORT-TERM AND LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	Long-term debt, including current maturities and debt issuance costs and discounts, net, consisted of the following (in millions of dollars): As of June 30, 2020 As of December 31, 2019 Carrying Value Fair Value (3) Carrying Value Fair Value (3) 4.60% senior notes due 2045 $ 1,000 $ 1,260 $ 1,000 $ 1,194 3.75% senior notes due 2046 400 441 400 416 4.20% senior notes due 2047 400 478 400 449 1.85% senior notes due 2025 (1) 500 524 — — $1.25 billion credit facility (2) 1,000 1,000 — — British pound term loan — — 170 170 Euro term loan — — 123 123 Canadian dollar revolving credit facility — — 46 46 Other 49 49 42 42 Subtotal (4) 3,349 3,752 2,181 2,440 Less current maturities (21) (21) (246) (246) Debt issuance costs and discounts, net of amortization (27) (27) (21) (21) Long-term debt (less current maturities) $ 3,301 $ 3,704 $ 1,914 $ 2,173 (1) The 1.85% Notes mature in February 2025 and they require no principal payments until the maturity date and interest is payable semi-annually on February 15 and August 15, beginning in August 2020. Prior to January 2025, the Company may redeem the 1.85% Notes in whole at any time or in part from time to time at a “make-whole” redemption price. This redemption price is calculated by reference to the then-current yield on a U.S. treasury security with a maturity comparable to the remaining term of the 1.85% Notes plus 10 basis points, together with accrued and unpaid interest, if any, at the redemption date. Additionally, if the Company experiences specific kinds of changes in control, it will be required to make an offer to purchase the 1.85% Notes at 101% of their principal amount plus accrued and unpaid interest, if any, at the date of purchase. On or after January 15, 2025, the Company may redeem the 1.85% Notes in whole at any time or in part from time to time at 100% of their principal amount, together with accrued and unpaid interest, if any, to the redemption date. Costs and discounts of approximately $5 million associated with the issuance of the 1.85% Notes, representing underwriting fees and other expenses, have been recorded as a contra-liability within Long-term debt and are being amortized to interest expense, net over the term of the 1.85% Notes. (2) The $1.25 billion credit facility matures in February 2025. Borrowings under the credit facility bear interest, at the Company’s option, either at (a) the Eurocurrency rate for specified interest periods plus a margin determined with reference to the rating on the Company’s non-credit-enhanced, senior unsecured long-term debt or (b) the base rate, which is the highest of (i) 1%, (ii) the Wall Street Journal prime rate, (iii) the higher of (A) the federal funds rate and (B) the Federal Reserve Bank of New York overnight rate, in each case plus 0.50% per annum or (iv) the Eurocurrency rate for a one month interest period plus 1.00% per annum, plus, in each case, a margin determined with reference to the rating on the Company’s non-credit-enhanced, senior unsecured long-term debt. No principal payments are required on the credit facility until the maturity date. (3) 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 value hierarchy. The carrying value of other long-term debt approximates fair value due to their variable interest rates.

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The effect of the Company's fair value and cash flow hedges on the Company's Condensed Consolidated Statement of Earnings for the three and six months ended June 30, 2020 is as follows (in millions of dollars): Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Interest expense, net Other, net Interest expense, net Other, net Gain or (loss) recognized in earnings Fair value hedge: Hedged item $ (4) $ — $ (22) $ — Interest rate swap designated as hedging instrument $ 4 $ — $ 22 $ — Cash flow hedge: Hedged item $ — $ 2 $ — $ — Cross-currency swap designated as hedging instrument $ — $ (2) $ — $ —
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair value and carrying amounts of outstanding derivative instruments in the Condensed Consolidated Balance Sheets as of June 30, 2020 was as follows (in millions of dollars): Balance Sheet Classification Fair Value and Carrying Amounts Cross-currency swap Other assets $ — Interest rate swap Other assets $ 22

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The reconciliations of income tax expense with federal income taxes at the statutory rate are as follows (in millions of dollars): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Federal income tax $ 39 $ 77 $ 69 $ 151 States income taxes, net of federal benefit 6 9 11 19 Foreign rate difference 4 5 6 10 Fabory Tax Impact, non operating 5 — (76) — Change in valuation allowance 2 2 4 3 Other, net (1) 1 (2) — Income tax expense $ 55 94 $ 12 $ 183 Effective tax rate 30.2 % 25.6 % 3.9 % 25.5 %

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Summary of Segment Results	Following is a summary of segment results (in millions of dollars): Three Months Ended June 30, 2020 U.S. Canada Total Reportable Segments Other businesses Total Total net sales $ 2,169 $ 107 $ 2,276 $ 680 $ 2,956 Intersegment net sales (118) — (118) (1) (119) Net sales to external customers $ 2,051 $ 107 $ 2,158 $ 679 $ 2,837 Segment operating earnings $ 318 $ (3) $ 315 $ 38 $ 353 Three Months Ended June 30, 2019 U.S. Canada Total Reportable Segments Other businesses Total Total net sales $ 2,222 $ 135 $ 2,357 $ 663 $ 3,020 Intersegment net sales (127) — (127) — (127) Net sales to external customers $ 2,095 $ 135 $ 2,230 $ 663 $ 2,893 Segment operating earnings $ 381 $ 1 $ 382 $ 27 $ 409 Six Months Ended June 30, 2020 U.S. Canada Total Reportable Segments Other businesses Total Total net sales $ 4,476 $ 236 $ 4,712 $ 1,378 $ 6,090 Intersegment net sales (251) — (251) (1) (252) Net sales to external customers $ 4,225 $ 236 4,461 $ 1,377 $ 5,838 Segment operating earnings $ 658 $ (6) $ 652 $ (100) $ 552 Six Months Ended June 30, 2019 U.S. Canada Total Reportable Segments Other businesses Total Total net sales $ 4,371 $ 271 $ 4,642 $ 1,296 $ 5,938 Intersegment net sales (245) — (245) (1) (246) Net sales to external customers $ 4,126 $ 271 $ 4,397 $ 1,295 $ 5,692 Segment operating earnings $ 745 $ (4) $ 741 $ 57 $ 798
Schedule of Reconciliation of Operating Earnings from Segment to Consolidated	Following are reconciliations of segment information with the consolidated totals per the Financial Statements (in millions of dollars): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Operating earnings: Total operating earnings for reportable segments $ 315 $ 382 $ 652 $ 741 Other businesses 38 27 (100) 57 Unallocated expenses (148) (29) (188) (55) Total consolidated operating earnings $ 205 $ 380 $ 364 $ 743 As of June 30, 2020 December 31, 2019 Assets: United States $ 2,919 $ 2,668 Canada 168 173 Assets for reportable segments 3,087 2,841 Other current and noncurrent assets 2,607 3,003 Unallocated assets 1,500 161 Total consolidated assets $ 7,194 $ 6,005
Schedule of Reconciliation of Assets from Segment to Consolidated	Following are reconciliations of segment information with the consolidated totals per the Financial Statements (in millions of dollars): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Operating earnings: Total operating earnings for reportable segments $ 315 $ 382 $ 652 $ 741 Other businesses 38 27 (100) 57 Unallocated expenses (148) (29) (188) (55) Total consolidated operating earnings $ 205 $ 380 $ 364 $ 743 As of June 30, 2020 December 31, 2019 Assets: United States $ 2,919 $ 2,668 Canada 168 173 Assets for reportable segments 3,087 2,841 Other current and noncurrent assets 2,607 3,003 Unallocated assets 1,500 161 Total consolidated assets $ 7,194 $ 6,005

BACKGROUND AND BASIS OF PRESE_2

BACKGROUND AND BASIS OF PRESENTATION (Details) - Fabory Business [Member] - Discontinued Operations [Member] $ in Millions	3 Months Ended
	Jun. 30, 2020USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net loss on divestiture	$ 109
Accumulated foreign currency translation losses	$ 48

REVENUE Narrative (Details)

REVENUE Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Accrued sales returns	$ 26	$ 26	$ 25
Accrued sales incentives	$ 54	$ 54	$ 57
Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Company Revenue	1.00%	1.00%

REVENUE (Details)

REVENUE (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	100.00%	100.00%	100.00%	100.00%
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage Of Company-Wide Revenue	100.00%	100.00%	100.00%	100.00%
Government Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	17.00%	14.00%	16.00%	13.00%
Heavy Manufacturing [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	15.00%	17.00%	16.00%	18.00%
Light Manufacturing [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	10.00%	11.00%	10.00%	11.00%
Transportation [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	5.00%	5.00%	5.00%	5.00%
Healthcare Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	8.00%	5.00%	7.00%	5.00%
Commercial [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	6.00%	8.00%	7.00%	8.00%
Retail/Wholesale [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	8.00%	7.00%	8.00%	7.00%
Contractors [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	7.00%	8.00%	7.00%	8.00%
Natural Resources [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	3.00%	4.00%	3.00%	4.00%
Other [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	21.00%	21.00%	21.00%	21.00%
Other Segments [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Company Revenue	24.00%	23.00%	24.00%	23.00%
United States [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	100.00%	100.00%	100.00%	100.00%
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage Of Company-Wide Revenue	72.00%	72.00%	72.00%	72.00%
United States [Member] | Government Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	24.00%	19.00%	21.00%	18.00%
United States [Member] | Heavy Manufacturing [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	15.00%	19.00%	17.00%	19.00%
United States [Member] | Light Manufacturing [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	13.00%	13.00%	13.00%	13.00%
United States [Member] | Transportation [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	5.00%	5.00%	5.00%	6.00%
United States [Member] | Healthcare Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	11.00%	7.00%	10.00%	7.00%
United States [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	7.00%	10.00%	8.00%	10.00%
United States [Member] | Retail/Wholesale [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	10.00%	8.00%	10.00%	8.00%
United States [Member] | Contractors [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	9.00%	10.00%	9.00%	10.00%
United States [Member] | Natural Resources [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	2.00%	3.00%	2.00%	3.00%
United States [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	4.00%	6.00%	5.00%	6.00%
Canada [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	100.00%	100.00%	100.00%	100.00%
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage Of Company-Wide Revenue	4.00%	5.00%	4.00%	5.00%
Canada [Member] | Government Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	10.00%	6.00%	10.00%	6.00%
Canada [Member] | Heavy Manufacturing [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	16.00%	20.00%	17.00%	21.00%
Canada [Member] | Light Manufacturing [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	7.00%	6.00%	6.00%	6.00%
Canada [Member] | Transportation [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	10.00%	8.00%	10.00%	8.00%
Canada [Member] | Healthcare Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	0.00%	0.00%	0.00%	0.00%
Canada [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	10.00%	9.00%	9.00%	9.00%
Canada [Member] | Retail/Wholesale [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	3.00%	4.00%	4.00%	4.00%
Canada [Member] | Contractors [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	10.00%	11.00%	9.00%	10.00%
Canada [Member] | Natural Resources [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	29.00%	32.00%	29.00%	32.00%
Canada [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	5.00%	4.00%	6.00%	4.00%

PROPERTY, BUILDINGS AND EQUIP_3

PROPERTY, BUILDINGS AND EQUIPMENT (Details) - USD ($) $ in Millions	Jan. 01, 2020	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, buildings and equipment		$ 3,470	$ 3,470		$ 3,493
Less: Accumulated depreciation and amortization and impairment					2,093
PROPERTY, BUILDINGS AND EQUIPMENT - NET		1,365	1,365		1,400
Impairment charge			44
Minimum [Member]
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation and amortization and impairment		2,105	2,105
Land [Member]
Property, Plant and Equipment [Line Items]
Property, buildings and equipment		329	329		332
Building, Structures and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, buildings and equipment		1,317	1,317		1,329
Estimated useful lives				30 years
Furniture, Fixtures, Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, buildings and equipment		1,824	1,824		$ 1,832
Estimated useful lives					30 years
Furniture, Fixtures, Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	40 years
Furniture, Fixtures, Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	50 years
Property, Buildings and Equipment [Member]
Property, Plant and Equipment [Line Items]
Impairment charge			24
Right-Of-Use Assets [Member]
Property, Plant and Equipment [Line Items]
Impairment charge			20
Change in Accounting Method Accounted for as Change in Estimate [Member]
Property, Plant and Equipment [Line Items]
Depreciation		$ 7	$ 15

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS Additional Information (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)
Segment Reporting Information [Line Items]
Impairment		$ 58
Percentage of fair value in excess of carrying amount	25.00%	25.00%
Change in percentage of fair value in excess of carrying amount		0.10
Goodwill and Intangible Asset Impairment		$ 137
Goodwill, Impairment Loss, Excluding Divested Businesses	$ 0	0
Canada [Member]
Segment Reporting Information [Line Items]
Impairment		$ 0
Pro Forma [Member]
Segment Reporting Information [Line Items]
Impairment trigger, pre-tax discount rate		0.03
Impairment trigger, decrease in revenue long-term growth rate		0.015
Canada [Member]
Segment Reporting Information [Line Items]
Goodwill and Intangible Asset Impairment		$ 32
Other Businesses [Member]
Segment Reporting Information [Line Items]
Goodwill and Intangible Asset Impairment		$ 105

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS Balances and Changes in Carrying Amounts of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Goodwill [Roll Forward]
Goodwill, beginning balance		$ 429	$ 429	$ 424
Impairment			(58)
Translation			(6)	5
Goodwill, ending balance	$ 365		365	429
Goodwill, Impairment Loss, Excluding Divested Businesses	0		0
United States [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance		192	192	192
Impairment			0
Translation			0	0
Goodwill, ending balance	192		192	192
Canada [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance		126	126	120
Impairment			0
Translation			(5)	6
Goodwill, ending balance	121		121	126
Other Businesses [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance		111	111	112
Impairment		$ (58)	(58)
Translation			(1)	(1)
Goodwill, ending balance	$ 52		$ 52	$ 111

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS Intangible assets included in Other assets and intangibles (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Total intangible assets, gross	$ 934	$ 1,163
Total intangible assets, net	223	304
Finite-lived intangible assets, accumulated amortization	711	859
Goodwill and Intangible Asset Impairment	137
Customer lists and relationships [Member]
Finite-lived intangible assets, gross	221	401
Finite-lived intangible assets, accumulated amortization	166	301
Finite-lived intangible assets, net	55	100
Trademarks, trade names and other [Member]
Finite-lived intangible assets, gross	34	36
Finite-lived intangible assets, accumulated amortization	20	20
Finite-lived intangible assets, net	14	16
Non-amortized trade names and other [Member]
Finite-lived intangible assets, gross	27	100
Finite-lived intangible assets, accumulated amortization	0	38
Indefinite-lived intangible assets, carrying amount	27	62
Capitalized software [Member]
Finite-lived intangible assets, gross	652	626
Finite-lived intangible assets, accumulated amortization	525	500
Finite-lived intangible assets, net	$ 127	$ 126
Weighted average [Member]
Finite-lived intangible assets, useful life	6 years 8 months 12 days
Weighted average [Member] | Customer lists and relationships [Member]
Finite-lived intangible assets, useful life	11 years 9 months 18 days
Weighted average [Member] | Trademarks, trade names and other [Member]
Finite-lived intangible assets, useful life	14 years 2 months 12 days
Weighted average [Member] | Capitalized software [Member]
Finite-lived intangible assets, useful life	4 years 2 months 12 days

RESTRUCTURING (Details)

RESTRUCTURING (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Employee Related Liabilities, Current [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve balance	$ 10	$ 10	$ 10
Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related costs	$ 1	$ 8

SHORT-TERM AND LONG-TERM DEBT -

SHORT-TERM AND LONG-TERM DEBT - Narrative (Details) - USD ($) $ in Millions	1 Months Ended		6 Months Ended
	Mar. 31, 2020	Feb. 29, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Oct. 31, 2017
Debt Instrument [Line Items]
Debt issuance costs and discounts, net of amortization			$ (27)		$ (21)
Borrowings under lines of credit			12	$ 19
Line of Credit [Member]
Debt Instrument [Line Items]
Outstanding lines of credit			15		$ 55
Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Line Of Credit Facility, Option To Increase Maximum Borrowing Capacity			$ 1,875
Maximum availability of revolving credit facility		$ 1,250
Borrowings under lines of credit	$ 1,000
Revolving Credit Facility [Member] | Base Rate [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Effective interest rate		1.00%
Revolving Credit Facility [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Effective interest rate		0.50%
Revolving Credit Facility [Member] | Eurodollar [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Effective interest rate		1.00%
Senior Notes, 1.85% due 2025 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt principal amount		$ 500
Interest rate		1.85%
Basis points		0.10%
Redemption price, percentage upon change of control		101.00%
Redemption price		100.00%
Debt issuance costs and discounts, net of amortization		$ 5
5-Year Unsecured Revolving Line Of Credit [Member] | Domestic Line of Credit [Member]
Debt Instrument [Line Items]
Maximum availability of revolving credit facility						$ 750

SHORT-TERM AND LONG-TERM DEBT_2

SHORT-TERM AND LONG-TERM DEBT - Schedule of Long-Term Debt Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2020	Feb. 29, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Other	$ 49		$ 42
Other, fair value	49		42
Long-term debt, gross	3,349		2,181
Long-term debt, gross, fair value	3,752		2,440
Less current maturities	(21)		(246)
Less current maturities, fair value	(21)		(246)
Debt issuance costs and discounts, net of amortization	(27)		(21)
Debt issuance costs and discounts, fair value	(27)		(21)
Long-term debt (less current maturities)	3,301		1,914
Long-term debt, excluding current maturities, , fair value	3,704		2,173
British pound denominated term loan and revolving credit facility [Member]
Debt Instrument [Line Items]
Long-term debt	0		170
Long-term debt, fair value	0		170
Euro denominated term loan and revolving credit facility [Member]
Debt Instrument [Line Items]
Long-term debt	0		123
Long-term debt, fair value	0		123
Canadian dollar revolving credit facility [Member]
Debt Instrument [Line Items]
Long-term debt	0		46
Long-term debt, fair value	0		46
Senior Notes, 4.60% due 2045 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Long-term debt	1,000		1,000
Long-term debt, fair value	1,260		1,194
Senior Notes, 3.75% due 2046 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Long-term debt	400		400
Long-term debt, fair value	441		416
Senior Notes, 4.20% due 2047 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Long-term debt	400		400
Long-term debt, fair value	478		449
Senior Notes, 1.85% due 2025 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Long-term debt	500		0
Long-term debt, fair value	524		0
Debt issuance costs and discounts, net of amortization		$ 5
Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Long-term debt	1,000		0
Long-term debt, fair value	$ 1,000		$ 0

DERIVATIVE INSTRUMENTS - Narrat

DERIVATIVE INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2020	Feb. 29, 2020
Derivative [Line Items]
Derivative instruments and hedges, liabilities	$ 522
Senior Notes, 1.85% due 2025 [Member] | Senior notes [Member]
Derivative [Line Items]
Interest rate		1.85%
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, notional amount	500
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative, notional amount	$ 34

DERIVATIVE INSTRUMENTS - Schedu

DERIVATIVE INSTRUMENTS - Schedule of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative [Line Items]
Interest expense, net	$ (28)	$ (21)	$ (49)	$ (40)
Other, net	7	$ 7	11	$ 14
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Other Contract [Member]
Derivative [Line Items]
Interest expense, net	(4)		(22)
Other, net	0		0
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Fair Value and Carrying Amounts	22		22
Interest expense, net	4		22
Other, net	0		0
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Other Contract [Member]
Derivative [Line Items]
Interest expense, net	0		0
Other, net	2		0
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross Currency Interest Rate Contract [Member]
Derivative [Line Items]
Fair Value and Carrying Amounts	0		0
Interest expense, net	0		0
Other, net	$ (2)		$ 0

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Effective tax rate	30.20%	25.60%	3.90%	25.50%

INCOME TAXES INCOME TAXES - Rec

INCOME TAXES INCOME TAXES - Reconciliation of Income Tax Expense with Federal Income Taxes at the Statutory Rate (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Federal income tax	$ 39	$ 77	$ 69	$ 151
State income taxes, net of federal income tax benefit	6	9	11	19
Foreign rate difference	4	5	6	10
Fabory Tax Impact, non operating	5	0	(76)	0
Change in valuation allowance	2	2	4	3
Other, net	(1)	1	(2)	0
Income tax expense	$ 55	$ 94	$ 12	$ 183
Effective tax rate	30.20%	25.60%	3.90%	25.50%

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	6 Months Ended
	Jun. 30, 2020segment
Segment Reporting Information [Line Items]
Number of reportable segments	2

SEGMENT INFORMATION - Summary o

SEGMENT INFORMATION - Summary of Segment Results (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
TOTAL ASSETS	$ 7,194		$ 7,194		$ 6,005
Summarized Information
Net sales to external customers	2,837	$ 2,893	5,838	$ 5,692
Total consolidated operating earnings	205	380	364	743
United States [Member]
Summarized Information
Net sales to external customers	2,051	2,095	4,225	4,126
Canada [Member]
Summarized Information
Net sales to external customers	107	135	236	271
United States And Canada Segments [Member]
Summarized Information
Net sales to external customers	2,158	2,230	4,461	4,397
Other Businesses [Member]
Summarized Information
Net sales to external customers	679	663	1,377	1,295
Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	3,087		3,087		2,841
Summarized Information
Net sales to external customers	2,956	3,020	6,090	5,938
Total consolidated operating earnings	353	409	552	798
Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member] | United States [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	2,919		2,919		2,668
Summarized Information
Net sales to external customers	2,169	2,222	4,476	4,371
Total consolidated operating earnings	318	381	658	745
Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member] | Canada [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	168		168		$ 173
Summarized Information
Net sales to external customers	107	135	236	271
Total consolidated operating earnings	(3)	1	(6)	(4)
Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member] | United States And Canada Segments [Member]
Summarized Information
Net sales to external customers	2,276	2,357	4,712	4,642
Total consolidated operating earnings	315	382	652	741
Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member] | Other Businesses [Member]
Summarized Information
Net sales to external customers	680	663	1,378	1,296
Total consolidated operating earnings	38	27	(100)	57
Intersegment Eliminations [Member]
Summarized Information
Net sales to external customers	(119)	(127)	(252)	(246)
Intersegment Eliminations [Member] | United States [Member]
Summarized Information
Net sales to external customers	(118)	(127)	(251)	(245)
Intersegment Eliminations [Member] | Canada [Member]
Summarized Information
Net sales to external customers	0	0	0	0
Intersegment Eliminations [Member] | United States And Canada Segments [Member]
Summarized Information
Net sales to external customers	(118)	(127)	(251)	(245)
Intersegment Eliminations [Member] | Other Businesses [Member]
Summarized Information
Net sales to external customers	$ (1)	$ 0	$ (1)	$ (1)

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Reconciliation of Operating Earnings from Segment to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total consolidated operating earnings	$ 205	$ 380	$ 364	$ 743
Assets	7,194		7,194		$ 6,005
Net sales	2,837	2,893	5,838	5,692
Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total consolidated operating earnings	353	409	552	798
Assets	3,087		3,087		2,841
Net sales	2,956	3,020	6,090	5,938
Eliminations and Unallocated in Consolidation [Member]
Segment Reporting Information [Line Items]
Total consolidated operating earnings	(148)	(29)	(188)	(55)
Assets	1,500		1,500		161
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Assets	2,607		2,607		3,003
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(119)	(127)	(252)	(246)
United States And Canada Segments [Member]
Segment Reporting Information [Line Items]
Net sales	2,158	2,230	4,461	4,397
United States And Canada Segments [Member] | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total consolidated operating earnings	315	382	652	741
Net sales	2,276	2,357	4,712	4,642
United States And Canada Segments [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(118)	(127)	(251)	(245)
Other Businesses [Member]
Segment Reporting Information [Line Items]
Net sales	679	663	1,377	1,295
Other Businesses [Member] | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total consolidated operating earnings	38	27	(100)	57
Net sales	680	663	1,378	1,296
Other Businesses [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(1)	0	(1)	(1)
United States [Member]
Segment Reporting Information [Line Items]
Net sales	2,051	2,095	4,225	4,126
United States [Member] | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total consolidated operating earnings	318	381	658	745
Assets	2,919		2,919		2,668
Net sales	2,169	2,222	4,476	4,371
United States [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(118)	(127)	(251)	(245)
Canada [Member]
Segment Reporting Information [Line Items]
Net sales	107	135	236	271
Canada [Member] | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total consolidated operating earnings	(3)	1	(6)	(4)
Assets	168		168		$ 173
Net sales	107	135	236	271
Canada [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ 0	$ 0	$ 0	$ 0

SEGMENT INFORMATION - Schedul_2

SEGMENT INFORMATION - Schedule of Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
TOTAL ASSETS	$ 7,194	$ 6,005
Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	3,087	2,841
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	2,607	3,003
Eliminations and Unallocated in Consolidation [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	1,500	161
United States [Member] | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	2,919	2,668
Canada [Member] | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items [Member]
Segment Reporting Information [Line Items]
TOTAL ASSETS	$ 168	$ 173