GWW · 10-Q · 2026Q2 · Full report

Liquidity and Debt Position

W.W. GRAINGER, INC. · 2026-08-04 · Importance 48 · Surprise 14 · From source text

Cash and cash equivalents were $589 million at June 30, 2026, compared with $585 million at December 31, 2025. Grainger reported approximately $1.8 billion of available liquidity at June 30, 2026, including cash, marketable securities, and revolving-credit availability. Debt represented 34.8% of total capitalization at June 30, down from 37.5% at year-end 2025. Moody’s and S&P maintained investment-grade corporate ratings of A1 and A+, respectively, with short-term ratings of P1 and A1.

Key facts

• The Company had approximately $1.8 billion in available liquidity as of June 30, 2026. source
• Net cash used in financing activities for the six months ended June 30, 2026: $874 million and for the six months ended June 30, 2025: $1,201 million; the decrease was primarily due to the repayment of the 1.85% Senior Notes in the amount of $500 million in 2025. source
• Working capital as of June 30, 2026 was $3,615 million, an increase of $100 million compared to $3,515 million as of December 31, 2025. source
• Grainger expects to continue to invest in its business and return excess cash to shareholders through cash dividends and share repurchases funded through cash flows generated from operations and may issue debt or equity securities from time to time. source
• Net cash used in investing activities for the six months ended June 30, 2026: $294 million and for the six months ended June 30, 2025: $283 million; 2026 investing activities driven by continued investment in supply chain across the Company. source
• Moody's corporate credit rating was A1 (senior unsecured A1, short-term P1) as of June 30, 2026; S&P corporate credit rating was A+ (senior unsecured A+, short-term A1) as of June 30, 2026. source
• As of June 30, 2026 and December 31, 2025, cash and cash equivalents were $589 million and $585 million, respectively. source
• Total debt as a percent of total capitalization was 34.8% as of June 30, 2026 and 37.5% as of December 31, 2025. source

Impact estimates