Company: GWW
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000277135-25-000010
Chunk: 47

Company: W.W. GRAINGER, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 47
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 treasury stock                  —                    —                                      —                       —                                                        (1,209)                      (1)            (1,210)    
Net earnings                                 —                    —                                      1,909                   —                                                        —                             80              1,989    
Other comprehensive earnings (losses)        —                    —                                      —                       (102)                                                    —                           (36)              (138)    
Capital contribution                         —                    (3)                                    —                       —                                                        —                              3                  —    
Cash dividends paid ($8.01 per share)        —                    —                                      (394)                   —                                                        —                           (28)              (422)    
Balance at December 31, 2024                 $55                  $1,399                                 $13,677                 $(274)                                                   $(11,499)                   $345             $3,703    
The accompanying notes are an integral part of these financial statements.
 43

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 
W.W. Grainger, Inc. is a broad line distributor of maintenance, repair and operating (MRO) products and services with operations primarily in North America, 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.
Principles of Consolidation
The Consolidated Financial Statements include the accounts of the Company and its subsidiaries over which the Company exercises control. All significant intercompany transactions are eliminated from the Consolidated Financial Statements. The Company has a controlling ownership interest in MonotaRO, the endless assortment business in Japan, with the residual representing the noncontrolling interest. 
The Company reports MonotaRO on a one-month calendar lag allowing for the timely preparation of financial statements. This one-month reporting lag is with the exception of significant transactions or events that occur during the intervening period.
Use of Estimates
The preparation of the Company's Consolidated Financial Statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions affecting reported amounts in the Consolidated Financial Statements and accompanying notes. Actual results may differ from those estimates.
Foreign Currency Translation
The U.S. dollar is the Company's reporting currency for all periods presented. The financial statements of the Company’s foreign operating subsidiaries are measured using the local currency as the functional currency. Assets and liabilities of the Company’s