Company: GWW
Filing Date: 2025-02-20
Form Type: PRE 14A
Source: 0001104659-25-015730
Chunk: 123

Company: W.W. GRAINGER, INC.
Filing Date: 2025-02-20
Form: PRE 14A
Chunk 123
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 assets minus working liabilities on a five-point average. Working assets are defined as total assets less cash equivalents, deferred and prepaid income taxes, right-of-use lease assets plus any LIFO reserves. Working liabilities are defined as the sum of trade payables, accrued compensation and benefits, accrued contributions to employee retirement savings plans and accrued expenses.

| ​ | CORPORATEGOVERNANCE | ​ | ​ | PROPOSAL 1:ELECTION OFDIRECTORS | ​ | ​ | PROPOSAL 2:RATIFY THEINDEPENDENTAUDITOR | ​ | ​ | EXECUTIVECOMPENSATION | ​ | ​ | PROPOSAL 3:SAY ON PAY | ​ | ​ | PROPOSAL 4: APPROVALAND ADOPTION | ​ | ​ | QUESTIONS ANDANSWERS | ​ | ​ | APPENDICES | ​ |

TABLE OF CONTENTS

| ​ | invest.grainger.com | ​ | ​ | B-3 | ​ | ​ | ● | ​ |

| ​ | ​                                                 | ​ | ​ | ​ | Twelve MonthsEndedDecember 31, 2024 |   |      |   | ​ |
|:--|:--------------------------------------------------|:--|:--|:--|:------------------------------------|:--|-----:|:--|:--|
| ​ | Daily, Organic Constant Currency Sales            | ​ | ​ | ​ | Total Company                       |   |      |   | ​ |
| ​ | Reported sales (GAAP)                             | ​ | ​ | ​ | ​                                   | ​ | 4.2% | ​ | ​ |
| ​ | Daily impact(1)                                   | ​ | ​ | ​ | ​                                   | ​ | -0.8 | ​ | ​ |
| ​ | Business divestiture(2)                           | ​ | ​ | ​ | ​                                   | ​ |  0.4 | ​ | ​ |
| ​ | Foreign exchange(3)                               | ​ | ​ | ​ | ​                                   | ​ |  0.9 | ​ | ​ |
| ​ | Daily, organic constant currency sales (non-GAAP) | ​ | ​ | ​ | ​                                   | ​ | 4.7% | ​ | ​ |
| ​ | Foreign exchange(4)                               | ​ | ​ | ​ | ​                                   | ​ | -0.2 | ​ | ​ |
| ​ | Daily, organic constant currency sales (MIP)      | ​ | ​ | ​ | ​                                   |