W.W. Grainger (GWW) 10-Q 28 Apr 22 2022 Q1 Quarterly report Financial data

COVER

COVER - shares	3 Months Ended
	Mar. 31, 2022	Apr. 21, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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		51,101,666
Entity Central Index Key	0000277135
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net sales	$ 3,647	$ 3,084
Cost of goods sold	2,264	1,991
Gross profit	1,383	1,093
Selling, general and administrative expenses	849	735
Operating earnings	534	358
Other (income) expense:
Interest expense – net	23	21
Other – net	(6)	(6)
Total other expense – net	17	15
Earnings before income taxes	517	343
Income tax provision	132	88
Net earnings	385	255
Less net earnings attributable to noncontrolling interest	19	17
Net earnings attributable to W.W. Grainger, Inc.	$ 366	$ 238
Earnings per share:
Basic (in dollars per share)	$ 7.11	$ 4.51
Diluted (in dollars per share)	$ 7.07	$ 4.48
Weighted average number of shares outstanding:
Basic (in shares)	51.1	52.3
Diluted (in shares)	51.4	52.6

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net earnings	$ 385	$ 255
Other comprehensive earnings (losses):
Foreign currency translation adjustments – net of reclassification to earnings	(26)	(35)
Postretirement benefit plan gain (losses) and other – net of tax benefit of $1 in both periods	(3)	(3)
Total other comprehensive earnings (losses)	(29)	(38)
Comprehensive earnings – net of tax	356	217
Less comprehensive earnings (losses) attributable to noncontrolling interest
Net earnings	19	17
Foreign currency translation adjustments	(16)	(18)
Total comprehensive earnings (losses) attributable to noncontrolling interest	3	(1)
Comprehensive earnings attributable to W.W. Grainger, Inc.	$ 353	$ 218

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (PARENTHETICAL) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Postretirement benefit plan reclassification, net of tax benefit	$ 1	$ 1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 364	$ 241
Accounts receivable (less allowances for credit losses of $32 and $30, respectively)	2,001	1,754
Inventories – net	1,929	1,870
Prepaid expenses and other current assets	145	146
Total current assets	4,439	4,011
Property, buildings and equipment – net	1,434	1,424
Goodwill	384	384
Intangibles – net	229	238
Operating lease right-of-use	361	393
Other assets	146	142
Total assets	6,993	6,592
Current liabilities
Trade accounts payable	1,038	816
Accrued compensation and benefits	222	319
Operating lease liability	67	66
Accrued expenses	324	290
Income taxes payable	91	37
Total current liabilities	1,742	1,528
Long-term debt	2,338	2,362
Long-term operating lease liability	303	334
Deferred income taxes and tax uncertainties	126	121
Other non-current liabilities	114	87
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	1,280	1,270
Retained earnings	9,782	9,500
Accumulated other comprehensive losses	(109)	(96)
Treasury stock, at cost – 58,557,553 and 58,439,014 shares, respectively	(8,927)	(8,855)
Total W.W. Grainger, Inc. shareholders’ equity	2,081	1,874
Noncontrolling interest	289	286
Total shareholders' equity	2,370	2,160
Total liabilities and shareholders' equity	$ 6,993	$ 6,592

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 32	$ 30
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	58,557,553	58,439,014

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net earnings	$ 385	$ 255
Adjustments to reconcile net earnings to net cash provided by operating activities:
Provision for credit losses	4	4
Deferred income taxes and tax uncertainties	7	(11)
Depreciation and amortization	52	43
Net gains from sale or redemption of assets	0	(5)
Stock-based compensation	9	8
Change in operating assets and liabilities:
Accounts receivable	(263)	(121)
Inventories	(65)	52
Prepaid expenses and other assets	(39)	(5)
Trade accounts payable	228	85
Accrued liabilities	(53)	(61)
Income taxes – net	86	55
Other non-current liabilities	(8)	(5)
Net cash provided by operating activities	343	294
Cash flows from investing activities:
Additions to property, buildings, equipment and intangibles	(57)	(73)
Proceeds from sale or redemption of assets	0	15
Net cash used in investing activities	(57)	(58)
Cash flows from financing activities:
Proceeds from stock options exercised	6	8
Payments for employee taxes withheld from stock awards	(2)	(2)
Purchases of treasury stock	(79)	(175)
Cash dividends paid	(84)	(81)
Net cash used in financing activities	(159)	(250)
Exchange rate effect on cash and cash equivalents	(4)	(9)
Net change in cash and cash equivalents	123	(23)
Cash and cash equivalents at beginning of year	241	585
Cash and cash equivalents at end of period	$ 364	$ 562

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY - USD ($) $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Contributed Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Earnings (Losses)	Treasury Stock	Noncontrolling Interest
Beginning balance at Dec. 31, 2020	$ 2,093	$ 12	$ 55	$ 1,239	$ 8,779	$ 12	$ (61)	$ (8,184)	$ 265
Increase (Decrease) in Stockholders' Equity
Stock-based compensation	14			9				5
Purchases of treasury stock	(175)							(175)
Net earnings	255				238				17
Other comprehensive (losses) earnings	(38)						(20)		(18)
Cash dividends paid	(81)				(81)
Ending balance at Mar. 31, 2021	2,080		55	1,248	8,948		(81)	(8,354)	264
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 (losses) earnings	(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

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY CONDENSED CONSOLIDATED STATEMENT OF SHAREDHOLDERS' EQUITY (PARENTHETICAL) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity (Parentheticals) [Abstract]
Cash dividends paid per share (in dollars per share)	$ 1.62	$ 1.53

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
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, 2021, 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, 2021 included in the Company’s Annual Report on Form 10-K filed with the SEC on February 23, 2022 (2021 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 2021 Form 10-K. New Accounting Standards Accounting Pronouncements Recently Adopted In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance . This update provides increased transparency of government assistance, including the disclosure of the types of assistance an entity receives, an entity's method of accounting for government assistance and the effect of the assistance on an entity's financial statements. The guidance is effective for annual periods beginning after December 15, 2021 and should be applied prospectively or retrospectively. Early adoption is permitted. The Company adopted this ASU on January 1, 2022 on a prospective basis and it did not have a material impact on the Consolidated Financial Stateme nts and related disclosures. Accounting Pronouncements Recently Issued 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 as modified by subsequently issued ASU 2021-01. This update provides optional expedients and exceptions for applying GAAP 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 prospectively to contract modifications made and hedging relationships entered or evaluated on or before December 31, 2022. The Company evaluated the impact of this ASU and it does not expect a material impact on the Consolidated Financial Statements.

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2022
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 accounted for approximately 1% of the Company's revenue for the three months ended March 31, 2022 and 2021, 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 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 th an two-thirds o f revenue is derived from customer contracts whereas in the Endless Assortment segment, a majority of revenue is derived from customer spot buys. The following table presents the Company's percentage of revenue by reportable segment and by major customer industry: Three Months Ended March 31, 2022 2021 High-Touch Solutions N.A. Endless Assortment Total Company (2) High-Touch Solutions N.A. Endless Assortment Total Company (2) Contractors 9 % 15 % 10 % 9 % 15 % 10 % Commercial 9 % 15 % 10 % 9 % 15 % 10 % Government 17 % 3 % 14 % 19 % 3 % 16 % Healthcare 7 % 2 % 6 % 7 % 2 % 6 % Manufacturing 31 % 29 % 31 % 30 % 29 % 30 % Retail/Wholesale 9 % 15 % 10 % 9 % 10 % 9 % Transportation 6 % 3 % 6 % 5 % 3 % 5 % Other (1) 12 % 18 % 13 % 12 % 23 % 14 % Total net sales 100 % 100 % 100 % 100 % 100 % 100 % Percent of Total Company Revenue 79 % 19 % 100 % 78 % 20 % 100 % (1) Other primarily includes revenue from industries and customers that are not material individually, including agriculture, mining, natural resources and resellers not aligned to a major industry segment. (2) Total Company includes other businesses, which includes the Cromwell business. Other businesses account for approximately 2% of revenue for the three months ended March 31, 2022 and March 31, 2021. Total accrued sales incentives were approximately $72 million an d $73 million as of March 31, 2022 and December 31, 2021, respectively, and are reported as part of Accrued expenses. The Company had no material unsatisfied performance obligations, contract assets or liabilities as of March 31, 2022 and December 31, 2021.

PROPERTY, BUILDINGS AND EQUIPME

PROPERTY, BUILDINGS AND EQUIPMENT	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 December 31, 2021 Land $ 329 $ 329 Building, structures and improvements 1,456 1,431 Furniture, fixtures, machinery and equipment 1,580 1,567 Property, buildings and equipment $ 3,365 $ 3,327 Less accumulated depreciation and amortization 1,931 1,903 Property, buildings and equipment – net $ 1,434 $ 1,424

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2022
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 months ended March 31, 2022. As such, quantitative assessments were not required. The balances and changes in the carrying amount of Goodwill (net of cumulative goodwill impairments) by segment are as follows (in millions of dollars): High-Touch Solutions N.A. Endless Assortment Other Total Balance at January 1, 2021 $ 321 $ 70 $ — $ 391 Translation — (7) — (7) Balance at December 31, 2021 321 63 — 384 Translation 2 (2) — — Balance at March 31, 2022 $ 323 $ 61 $ — $ 384 The cumulative goodwill impairments as of March 31, 2022, were $137 million and consisted of $32 million within High-Touch Solutions N.A. and $105 million in Other. There were no impairments to goodwill for the three months ended March 31, 2022 and 2021, respectively. The balances in Intangible assets – net are as follows (in millions of dollars ): As of March 31, 2022 December 31, 2021 Weighted average life Gross carrying amount Accumulated amortization/impairment Net carrying amount Gross carrying amount Accumulated amortization/impairment Net carrying amount Customer lists and relationships 11.7 years $ 219 $ 177 $ 42 $ 221 $ 176 $ 45 Trademarks, trade names and other 14.2 years 36 25 11 36 24 12 Non-amortized trade names and other Indefinite 24 — 24 25 — 25 Capitalized software 4.2 years 533 381 152 525 369 156 Total intangible assets 7.1 years $ 812 $ 583 $ 229 $ 807 $ 569 $ 238

DEBT

DEBT	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
DEBT	DEBT Long-term debt, including debt issuance costs and discounts – net, consisted of the following (in millions of dollars): As of March 31, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value 4.60% senior notes due 2045 $ 1,000 $ 1,108 $ 1,000 $ 1,284 1.85% senior notes due 2025 500 486 500 509 4.20% senior notes due 2047 400 426 400 492 3.75% senior notes due 2046 400 399 400 459 Japanese yen term loan 74 74 78 78 Other (14) (14) 7 7 Subtotal 2,360 2,479 2,385 2,829 Debt issuance costs and discounts – net of amortization (22) (22) (23) (23) Long-term debt $ 2,338 $ 2,457 $ 2,362 $ 2,806 Senior Notes In the years 2015-2020, Grainger issued $2.3 billion in unsecured long-term debt (Senior Notes) primarily to provide flexibility in funding general working capital needs and 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 approximately $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 March 31, 2022 and December 31, 2021, are presented within Other in the table above. For further discussion on the Company's hedge accounting policies and derivative instruments, see Note 6. Term Loan In August 2020, MonotaRO entered into a ¥9 billion term loan agreement to fund technology investments and the expansion of its distribution center (DC) network. The term loan matures in 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 value hierarchy. For further information on the Company’s debt instruments, see Note 6 of the Notes to Consolidated Financial Statements in Part II, Item 8: Financial Statements and Supplementary Data in the Company’s 2021 Form 10-K.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTSThe 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 on 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. 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 swaps, 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 March 31, 2022 and December 31, 2021 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 Accumulated other comprehensive earnings (losses) (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 March 31, 2022 and December 31, 2021 was approximately $34 million. The effect of the Company’s cash flow hedges on the Condensed Consolidated Statement of Earnings (Other – net) and AOCE for the three months ended March 31, 2022 and 2021 was not material. The effect of the Company's fair value hedges in Interest expense – net on the Condensed Consolidated Statement of Earnings for the three months ended March 31, 2022 and 2021 is as follows (in millions of dollars): Three Months Ended March 31, 2022 2021 Gains (losses) Interest rate swaps: Hedged item $ 19 $ 10 Derivatives designated as hedging instrument $ (19) $ (10) The fair value and carrying amounts of outstanding derivative instruments in the Condensed Consolidated Balance Sheets as of March 31, 2022 and December 31, 2021 were as follows (in millions of dollars): As of March 31, 2022 December 31, 2021 Balance Sheet Classification Fair Value and Carrying Amounts Cross-currency swap Accrued expenses $ 3 $ — Other non-current liabilities $ — $ 2 Interest rate swaps Other assets $ — $ 1 Other non-current liabilities $ 18 $ — The carrying amount of the liability hedged by the interest rate swaps (Long-term debt), including the cumulative amount of fair value hedging adjustments, as of March 31, 2022 and December 31, 2021 amounted to $482 million and $501 million, respectively. 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 da tes. No adjustments were required during the current period to reflect the counterparty’s credit risk or the Comp

DIVIDEND

DIVIDEND	3 Months Ended
	Mar. 31, 2022
Dividends [Abstract]
DIVIDEND	DIVIDEND On April 27, 2022, the Company’s Board of Directors declared a quarterly dividend of $1.72

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Grainger's two reportable segments are High-Touch Solutions N.A. and Endless Assortment. The remaining international high-touch solutions businesses, which include the Cromwell business, are classified as Other to reconcile to consolidated results. These businesses individually and in the aggregate do not meet the criteria of a reportable segment. 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 from the High-Touch Solutions N.A. segment to the Endless Assortment segment are included in each segment's Selling, general and administrative expenses (SG&A) and are eliminated in consolidation. Following is a summary of segment results (in millions of dollars): Three Months Ended March 31, 2022 2021 Net sales Operating earnings (losses) Net sales Operating earnings (losses) High-Touch Solutions N.A. $ 2,878 $ 481 $ 2,397 $ 306 Endless Assortment 697 55 622 55 Other 72 (2) 65 (3) Total Company $ 3,647 $ 534 $ 3,084 $ 358 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	3 Months Ended
	Mar. 31, 2022
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 as to 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. As previously disclosed, 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 in which Grainger has been named, which to date encompass approximately 186 plaintiffs, seek recovery of compensatory and other damages and relief in relation to personal injury, including one death and various other alleged injuries. 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 were stayed. Effective January 1, 2021, the Bankruptcy Court lifted the stay with respect to KMCO. In the product liability related cases, the Harris County District Court has decided to conduct bellwether trials involving a subset of plaintiffs the Court believes are representative of the parties' claims and defenses, with the first trial expected to be set for late 2022 or early 2023. Any additional trials may follow after the resolution of these initial cases. On December 16, 2020, KMCO, the trustee of its estate and ORG Chemical Holdings, LLC, KMCO’s parent company (ORG), filed a property damage lawsuit relating to the KMCO chemical refinery incident against Grainger and another defendant in the Harris County, Texas District Court, which seeks unspecified damages (the KMCO Case). On April 1, 2021, 24 individual plaintiffs filed a petition in intervention seeking to be added as plaintiffs in the KMCO Case and seeking unspecified damages. On March 24, 2021, Indian Harbor Insurance Company, together with other insurance companies and underwriters, filed a property damage lawsuit relating to the KMCO chemical refinery incident against Grainger and another defendant in the Harris County, Texas District Court, seeking reimbursement of insurance payments made to or on behalf of KMCO and ORG, the insured parties under their respective policies, and other damages. Grainger is investigating each of the various claims against the Company relating to the KMCO chemical refinery incident 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, pricing and product compliance. From time to time, the Company has also been named, along with numerous other nonaffiliated companies, as 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 any of these proceedings and other matters, it believes that their 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.

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 2021 High-Touch Solutions N.A. Endless Assortment Total Company (2) High-Touch Solutions N.A. Endless Assortment Total Company (2) Contractors 9 % 15 % 10 % 9 % 15 % 10 % Commercial 9 % 15 % 10 % 9 % 15 % 10 % Government 17 % 3 % 14 % 19 % 3 % 16 % Healthcare 7 % 2 % 6 % 7 % 2 % 6 % Manufacturing 31 % 29 % 31 % 30 % 29 % 30 % Retail/Wholesale 9 % 15 % 10 % 9 % 10 % 9 % Transportation 6 % 3 % 6 % 5 % 3 % 5 % Other (1) 12 % 18 % 13 % 12 % 23 % 14 % Total net sales 100 % 100 % 100 % 100 % 100 % 100 % Percent of Total Company Revenue 79 % 19 % 100 % 78 % 20 % 100 % (1) Other primarily includes revenue from industries and customers that are not material individually, including agriculture, mining, natural resources and resellers not aligned to a major industry segment. (2) Total Company includes other businesses, which includes the Cromwell business. Other businesses account for approximately 2% of revenue for the three months ended March 31, 2022 and March 31, 2021.

PROPERTY, BUILDINGS AND EQUIP_2

PROPERTY, BUILDINGS AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, BUILDINGS AND EQUIPMENT	Property, buildings and equipment consisted of the following (in millions of dollars): As of March 31, 2022 December 31, 2021 Land $ 329 $ 329 Building, structures and improvements 1,456 1,431 Furniture, fixtures, machinery and equipment 1,580 1,567 Property, buildings and equipment $ 3,365 $ 3,327 Less accumulated depreciation and amortization 1,931 1,903 Property, buildings and equipment – net $ 1,434 $ 1,424

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2022
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): High-Touch Solutions N.A. Endless Assortment Other Total Balance at January 1, 2021 $ 321 $ 70 $ — $ 391 Translation — (7) — (7) Balance at December 31, 2021 321 63 — 384 Translation 2 (2) — — Balance at March 31, 2022 $ 323 $ 61 $ — $ 384
Schedule of Finite-Lived Intangible Assets By Major Class	The balances in Intangible assets – net are as follows (in millions of dollars ): As of March 31, 2022 December 31, 2021 Weighted average life Gross carrying amount Accumulated amortization/impairment Net carrying amount Gross carrying amount Accumulated amortization/impairment Net carrying amount Customer lists and relationships 11.7 years $ 219 $ 177 $ 42 $ 221 $ 176 $ 45 Trademarks, trade names and other 14.2 years 36 25 11 36 24 12 Non-amortized trade names and other Indefinite 24 — 24 25 — 25 Capitalized software 4.2 years 533 381 152 525 369 156 Total intangible assets 7.1 years $ 812 $ 583 $ 229 $ 807 $ 569 $ 238

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	Long-term debt, including debt issuance costs and discounts – net, consisted of the following (in millions of dollars): As of March 31, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value 4.60% senior notes due 2045 $ 1,000 $ 1,108 $ 1,000 $ 1,284 1.85% senior notes due 2025 500 486 500 509 4.20% senior notes due 2047 400 426 400 492 3.75% senior notes due 2046 400 399 400 459 Japanese yen term loan 74 74 78 78 Other (14) (14) 7 7 Subtotal 2,360 2,479 2,385 2,829 Debt issuance costs and discounts – net of amortization (22) (22) (23) (23) Long-term debt $ 2,338 $ 2,457 $ 2,362 $ 2,806

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The effect of the Company's fair value hedges in Interest expense – net on the Condensed Consolidated Statement of Earnings for the three months ended March 31, 2022 and 2021 is as follows (in millions of dollars): Three Months Ended March 31, 2022 2021 Gains (losses) Interest rate swaps: Hedged item $ 19 $ 10 Derivatives designated as hedging instrument $ (19) $ (10)
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 March 31, 2022 and December 31, 2021 were as follows (in millions of dollars): As of March 31, 2022 December 31, 2021 Balance Sheet Classification Fair Value and Carrying Amounts Cross-currency swap Accrued expenses $ 3 $ — Other non-current liabilities $ — $ 2 Interest rate swaps Other assets $ — $ 1 Other non-current liabilities $ 18 $ —

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Summary of Segment Results	Following is a summary of segment results (in millions of dollars): Three Months Ended March 31, 2022 2021 Net sales Operating earnings (losses) Net sales Operating earnings (losses) High-Touch Solutions N.A. $ 2,878 $ 481 $ 2,397 $ 306 Endless Assortment 697 55 622 55 Other 72 (2) 65 (3) Total Company $ 3,647 $ 534 $ 3,084 $ 358 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.

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Contract With Customer, Sales Incentive Liability	$ 72		$ 73
Service Revenue [Member]
Disaggregation of Revenue [Line Items]
Percent of Total Company Revenue	1.00%	1.00%

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenues (Details)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	100.00%	100.00%
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage Of Company-Wide Revenue	100.00%	100.00%
Operating earnings
Disaggregation of Revenue [Line Items]
Percent of Total Company Revenue	2.00%	2.00%
Contractors [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	10.00%	10.00%
Commercial [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	10.00%	10.00%
Government Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	14.00%	16.00%
Healthcare Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	6.00%	6.00%
Manufacturing [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	31.00%	30.00%
Retail/Wholesale [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	10.00%	9.00%
Transportation [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	6.00%	5.00%
Others [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	13.00%	14.00%
High-Touch Solutions N.A.
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	100.00%	100.00%
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage Of Company-Wide Revenue	79.00%	78.00%
High-Touch Solutions N.A. | Contractors [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	9.00%	9.00%
High-Touch Solutions N.A. | Commercial [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	9.00%	9.00%
High-Touch Solutions N.A. | Government Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	17.00%	19.00%
High-Touch Solutions N.A. | Healthcare Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	7.00%	7.00%
High-Touch Solutions N.A. | Manufacturing [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	31.00%	30.00%
High-Touch Solutions N.A. | Retail/Wholesale [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	9.00%	9.00%
High-Touch Solutions N.A. | Transportation [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	6.00%	5.00%
High-Touch Solutions N.A. | Others [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	12.00%	12.00%
Endless Assortment
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	100.00%	100.00%
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage Of Company-Wide Revenue	19.00%	20.00%
Endless Assortment | Contractors [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	15.00%	15.00%
Endless Assortment | Commercial [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	15.00%	15.00%
Endless Assortment | Government Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	3.00%	3.00%
Endless Assortment | Healthcare Customer [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	2.00%	2.00%
Endless Assortment | Manufacturing [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	29.00%	29.00%
Endless Assortment | Retail/Wholesale [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	15.00%	10.00%
Endless Assortment | Transportation [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	3.00%	3.00%
Endless Assortment | Others [Member]
Disaggregation of Revenue [Line Items]
Revenue From Contract With Customer, Excluding Assessed Tax, Percentage	18.00%	23.00%

PROPERTY, BUILDINGS AND EQUIP_3

PROPERTY, BUILDINGS AND EQUIPMENT (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, buildings and equipment	$ 3,365	$ 3,327
Less accumulated depreciation and amortization	1,931	1,903
Property, buildings and equipment – net	1,434	1,424
Land [Member]
Property, Plant and Equipment [Line Items]
Property, buildings and equipment	329	329
Building, Structures and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, buildings and equipment	1,456	1,431
Furniture, Fixtures, Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, buildings and equipment	$ 1,580	$ 1,567

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS Balances and Changes in Carrying Amounts of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 384	$ 391
Translation	0	(7)
Goodwill, ending balance	384	384
Other
Goodwill [Roll Forward]
Goodwill, beginning balance	0	0
Translation	0	0
Goodwill, ending balance	0	0
High-Touch Solutions N.A. | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Goodwill [Roll Forward]
Goodwill, beginning balance	321	321
Translation	2	0
Goodwill, ending balance	323	321
Endless Assortment | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Goodwill [Roll Forward]
Goodwill, beginning balance	63	70
Translation	(2)	(7)
Goodwill, ending balance	$ 61	$ 63

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Impairments	$ 0	$ 0
Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Segment Reporting Information [Line Items]
Cumulative goodwill impairments	137
Other
Segment Reporting Information [Line Items]
Cumulative goodwill impairments	105
High-Touch Solutions N.A. | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Segment Reporting Information [Line Items]
Cumulative goodwill impairments	$ 32

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS Intangible assets included in Other assets and intangibles (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Finite-lived intangible assets, useful life	7 years 1 month 6 days
Total intangible assets, gross	$ 812	$ 807
Finite-lived intangible assets, accumulated amortization	583	569
Total intangible assets, net	$ 229	238
Customer lists and relationships
Finite-lived intangible assets, useful life	11 years 8 months 12 days
Finite-lived intangible assets, gross	$ 219	221
Finite-lived intangible assets, accumulated amortization	177	176
Finite-lived intangible assets, net	$ 42	45
Trademarks, trade names and other
Finite-lived intangible assets, useful life	14 years 2 months 12 days
Finite-lived intangible assets, gross	$ 36	36
Finite-lived intangible assets, accumulated amortization	25	24
Finite-lived intangible assets, net	11	12
Non-amortized trade names and other
Finite-lived intangible assets, gross	24	25
Finite-lived intangible assets, accumulated amortization	0	0
Indefinite-lived intangible assets, carrying amount	$ 24	25
Capitalized software
Finite-lived intangible assets, useful life	4 years 2 months 12 days
Finite-lived intangible assets, gross	$ 533	525
Finite-lived intangible assets, accumulated amortization	381	369
Finite-lived intangible assets, net	$ 152	$ 156

DEBT - Schedule of Long-Term De

DEBT - Schedule of Long-Term Debt Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Feb. 29, 2020
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,360	$ 2,385
Other	(14)	(7)
Debt issuance costs and discounts – net of amortization	(22)	(23)
Long-term debt	2,338	2,362
Other, fair value	(14)	(7)
Long-term debt, gross, fair value	2,479	2,829
Debt issuance costs and discounts, fair value	(22)	(23)
Long-term debt, excluding current maturities, , fair value	2,457	2,806
Yen Denominated Bank Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	74	78
Long-term debt, fair value	74	78
Senior Notes, 4.60% due 2045 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Long-term debt, gross	1,000	1,000
Long-term debt, fair value	$ 1,108	1,284
Interest rate	4.60%
Unsecured Senior Notes, 1.85% | Senior notes [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 500	500
Long-term debt, fair value	$ 486	509
Interest rate	1.85%		1.85%
Senior Notes, 4.20% due 2047 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 400	400
Long-term debt, fair value	$ 426	492
Interest rate	4.20%
Senior Notes, 3.75% due 2046 [Member] | Senior notes [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 400	400
Long-term debt, fair value	$ 399	$ 459
Interest rate	3.75%

DEBT - Narrative (Details)

DEBT - Narrative (Details) $ in Millions	1 Months Ended
	Aug. 31, 2020JPY (¥)payment	Mar. 31, 2022	Dec. 31, 2020USD ($)	Feb. 29, 2020
Senior Notes [Member]
Debt Instrument [Line Items]
Debt principal amount			$ 2,300
Debt Issuance Costs, Gross			$ 29
Unsecured Senior Notes, 1.85% | Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate		1.85%		1.85%
Term Loan Agreement, 0.05% [Member] | Yen Denominated Bank Term Loan
Debt Instrument [Line Items]
Debt principal amount | ¥	¥ 9,000,000,000
Number of semi-annual principal payments | payment	4
Average interest rate	0.05%

DERIVATIVE INSTRUMENTS - Narrat

DERIVATIVE INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Feb. 29, 2020
Derivative [Line Items]
Derivative instruments and hedges, liabilities	$ 482	$ 501
Unsecured Senior Notes, 1.85% | Senior notes [Member]
Derivative [Line Items]
Interest rate	1.85%		1.85%
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, notional amount	$ 500	500
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative, notional amount	$ 34	$ 34

DERIVATIVE INSTRUMENTS - Schedu

DERIVATIVE INSTRUMENTS - Schedule of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Interest Income (Expense), Net	$ (23)	$ (21)
Other Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Income (Expense), Net	19	10
Interest rate swaps | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest Income (Expense), Net	$ (19)	$ (10)

DERIVATIVE INSTRUMENTS - Sche_2

DERIVATIVE INSTRUMENTS - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Cross-currency swap | Accrued expenses
Derivative [Line Items]
Fair Value and Carrying Value of Derivative Liabilities	$ 3	$ 0
Cross-currency swap | Other non-current liabilities
Derivative [Line Items]
Fair Value and Carrying Value of Derivative Liabilities	0	2
Interest rate swaps | Other non-current liabilities
Derivative [Line Items]
Fair Value and Carrying Value of Derivative Liabilities	18	0
Interest rate swaps | Other assets
Derivative [Line Items]
Fair Value and Carrying Value of Derivative Assets	$ 0	$ 1

DIVIDEND - Narrative (Details)

DIVIDEND - Narrative (Details)	Apr. 27, 2022$ / shares
Subsequent event
Subsequent Event [Line Items]
Dividend declared (in dollars per share)	$ 1.72

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	3 Months Ended
	Mar. 31, 2022segment
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
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Total net sales	$ 3,647	$ 3,084
Segment operating earnings	534	358
Other
Segment Reporting Information [Line Items]
Total net sales	72	65
Segment operating earnings	(2)	(3)
High-Touch Solutions N.A. | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Segment Reporting Information [Line Items]
Total net sales	2,878	2,397
Segment operating earnings	481	306
Endless Assortment | Segment Balances Before Intersegment Eliminations and Consolidation Reconciling Items
Segment Reporting Information [Line Items]
Total net sales	697	622
Segment operating earnings	$ 55	$ 55

CONTINGENCIES AND LEGAL MATTE_2

CONTINGENCIES AND LEGAL MATTERS (Details)	Apr. 01, 2021plantiff	Dec. 31, 2019plantiffdeath
Commitments and Contingencies Disclosure [Abstract]
Number of plaintiffs | plantiff	24	186
Number of deaths | death		1