Company: GWW
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000277135-25-000010
Chunk: 46

Company: W.W. GRAINGER, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 46
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 since 2005.
Chicago, Illinois
February 20, 2025
 38

W.W. Grainger, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF EARNINGS
(In millions, except for per share amounts)

                                                                                                                For the Years Ended December 31,
2024                                                                                                        2023                            2022
Net sales                                                           $17,168                         $16,478                         $15,228     
Cost of goods sold                                                   10,410                           9,982                           9,379     
Gross profit                                                          6,758                           6,496                           5,849     
Selling, general and administrative expenses                          4,121                           3,931                           3,634     
Operating earnings                                                    2,637                           2,565                           2,215     
Other (income) expense:                                                                                                                         
Interest expense – net                                                   77                              93                              93     
Other – net                                                            (24)                            (28)                            (24)     
Total other expense – net                                                53                              65                              69     
Earnings before income taxes                                          2,584                           2,500                           2,146     
Income tax provision                                                    595                             597                             533     
Net earnings                                                          1,989                           1,903                           1,613     
Less net earnings attributable to noncontrolling interest                80                              74                              66     
Net earnings attributable to W.W. Grainger, Inc.                     $1,909                          $1,829                          $1,547     
Earnings per share:                                                                                                                             
Basic                                                                $38.84                          $36.39                          $30.22     
Diluted                                                              $38.71                          $36.23                          $30.06     
Weighted average number of shares outstanding:                                                                                                  
Basic                                                                       48.9                            49.9                       50.9     
Diluted                                                                     49.0                            50.1                       51.1     

The accompanying notes are an integral part of these financial statements.
 39

W.W. Grainger, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS
(In millions of dollars)

                                                                                                                                              For the Years Ended December 31,
2024                                                                                                                                      2023                            2022
Net earnings                                                                                       $1,989                          $1,903                          $1,613     
Other comprehensive earnings (loss