Company: GWW
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000277135-25-000010
Chunk: 55

Company: W.W. GRAINGER, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 55
---
 revenue                        80          %                                     18        %                                  100       %                                         81          %                                     18        %                                  100       %                                         80          %                                     18        %                                  100       %
(1) Customer industry results for the twelve months ended December 31, 2022 were reclassified to reflect the Company's current classifications, which primarily uses the North American Industry Classification System (NAICS) beginning January 1, 2023.                                                                                                                                                                                                               
(2) Total Company includes Other, which includes the Cromwell business. Other accounts for approximately 2%, 1% and 2% of revenue for the twelve months ended December 31, 2024, 2023 and 2022, respectively.                                                                                                                                                                                                                                                           
(3) Other primarily includes revenue from industries and customers that are not material individually, including hospitality, restaurants, property management and natural resources.                                                                                                                                                                                                                                                                                   
 49

NOTE 3 - PROPERTY, BUILDINGS AND EQUIPMENT
Grainger's property, buildings and equipment consisted of the following (in millions of dollars):

                                                                                                       As of
                                                          December 31, 2024                December 31, 2023
Land and land improvements                                     $415                             $397        
Building, structures and improvements                         1,723                            1,469        
Furniture, fixtures, machinery and equipment                  1,945                            1,852        
Property, buildings and equipment                            $4,083                           $3,718        
Less: Accumulated depreciation and amortization               2,156                            2,060        
Property, buildings and equipment, net                       $1,927                           $1,658        
Depreciation expense on property, buildings and equipment was $164 million, $146 million and $139 million for the years ended December 31, 2024, 2023 and 2022, respectively.
NOTE 4 - GOODWILL AND OTHER INTANGIBLE ASSETS
Grainger completed its annual impairment testing of goodwill and intangible assets during the fourth quarter of 2024 and 2023. Based on the results of that testing, the Company did not identify any significant events or changes in circumstances that indicated the existence of impairment indicators and concluded that it was more likely than not that the fair value of the reporting units exceeded their carrying amounts at each respective period.
High-Touch Solutions N.A. – Canada Business
As of December 31, 2024 and 2023, the Canada business reporting