| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||||||
11,486 | 11,221 | 10,425 | 10,137 | 9,973 | 9,964 | 9,437 | 8,950 | 8,078 | 7,182 | 6,221 | 6,850 | 6,418 |
Cost of goods sold | ||||||||||||
7,089 | 6,873 | 6,327 | 6,022 | 5,741 | 5,650 | 5,301 | 5,033 | 4,567 | 4,176 | 3,623 | 4,041 | 3,814 |
Gross profit | ||||||||||||
4,397 | 4,348 | 4,098 | 4,115 | 4,231 | 4,314 | 4,136 | 3,916 | 3,510 | 3,005 | 2,598 | 2,808 | 2,603 |
Selling, general and administrative expenses | ||||||||||||
3,135 | 3,190 | 3,063 | 3,002 | 2,931 | 2,967 | 2,839 | 2,785 | 2,458 | 2,145 | 1,933 | 2,025 | 1,932 |
Operating Income (Loss) | ||||||||||||
1,262 | 1,158 | 1,035 | 1,113 | 1,300 | 1,347 | 1,296 | 1,131 | 1,052 | 860 | 665 | 782 | 670 |
Other (income) expense: | ||||||||||||
Interest Income (Expense), Net | ||||||||||||
-79 | -82 | -86 | 76 | 33 | 10 | 13 | 16 | 9 | 8 | 8 | 14 | 2 |
Interest income | ||||||||||||
- | - | - | 1 | 1 | 2 | 3 | 2 | 2 | 1 | 1 | 5 | 12 |
Losses from equity method investment | ||||||||||||
- | - | - | -31 | -11 | 0 | 0 | - | 0 | -0 | 1 | 3 | 2 |
Gain on sale of investment in unconsolidated entity | ||||||||||||
- | - | - | - | - | - | - | - | 7 | 0 | 47 | -6 | 0 |
Other, net | ||||||||||||
26 | 5 | -13 | 12 | -5 | 0 | 2 | 1 | 0 | 1 | 0 | 2 | 0 |
Other non-operating expense | ||||||||||||
- | - | - | - | - | 5 | 1 | 1 | 2 | 1 | 0 | 0 | 0 |
Total other expense, net | ||||||||||||
-53 | -77 | -99 | -94 | -49 | -12 | -9 | -13 | -0 | -6 | 42 | -9 | 11 |
Earnings before income taxes | ||||||||||||
1,209 | 1,081 | 936 | 1,019 | 1,250 | 1,334 | 1,287 | 1,117 | 1,051 | 853 | 707 | 773 | 681 |
Income tax (benefit) provision | ||||||||||||
314 | 258 | 313 | 386 | 465 | 522 | 479 | 418 | 385 | 340 | 276 | 297 | 261 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||||
895 | 823 | 623 | 633 | 785 | 812 | 807 | 698 | 666 | 513 | 430 | 475 | 420 |
Net Income (Loss) Attributable to Noncontrolling Interest | ||||||||||||
46 | 41 | 37 | 27 | 16 | 10 | 10 | 8 | 7 | 2 | 0 | 0 | 0 |
Net earnings attributable to W.W. Grainger, Inc. | ||||||||||||
849 | 782 | 586 | 606 | 768 | 801 | 797 | 689 | 658 | 510 | 430 | 475 | 420 |
Earnings per share: | ||||||||||||
Basic (in dollars per share) | ||||||||||||
15.39 | 13.82 | 10.07 | 9.94 | 11.69 | 11.59 | 11.31 | 9.71 | 9.26 | 7.05 | 5.70 | 6.07 | 5.01 |
Diluted (in dollars per share) | ||||||||||||
15.32 | 13.73 | 10.02 | 9.87 | 11.58 | 11.45 | 11.13 | 9.52 | 9.07 | 6.93 | 5.62 | 5.97 | 4.91 |
Weighted average number of shares outstanding: | ||||||||||||
Basic (in shares) | ||||||||||||
54 | 56 | 57 | 60 | 65 | 68 | 69 | 69 | 69 | 70 | 73 | 76 | 82 |
Diluted (in shares) | ||||||||||||
54 | 56 | 58 | 60 | 65 | 69 | 70 | 71 | 71 | 72 | 74 | 77 | 84 |
Cash dividends paid per share (in dollars per share) | ||||||||||||
- | - | - | - | - | - | - | - | - | 2.08 | 1.78 | - | - |