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What is the intrinsic stock value based off the balance sheet? (comment for additional information)

Balance Sheet (in millions) 2020 2019 585 360 1,474 1,425 1,733 1,655 120 104 Assets Current assets Cash and cash equivalents Accounts receivable (less allowance for credit losses of $27 and $21, respectively) Inventories - net Prepaid expenses and other current assets Prepaid income taxes Total current assets Property, buildings and equipment - net Deferred income taxes Goodwill Intangibles - net 7 11 3,919 3,555 1,385 1,400 11 14 391 429 228 304 Other assets 348 306 Total assets 6,295 6,005 Liabilities and shareholders' equity Current liabilities Short-term debt 55 8 246 779 719 240 228 67 85 305 318 42 27 Current maturities of long-term debt Trade accounts payable Accrued compensation and benefits Accrued contributions to employees' profit-sharing plans Accrued expenses Income taxes payable Total current liabilities Long-term debt (less current maturities) Deferred income taxes and tax uncertainties Other non-current liabilities Shareholders' equity Cumulative preferred stock - $5 par value - 12,000,000 shares authorized; none issued nor outstanding Common Stock - $0.50 par value - 300,000,000 shares authorized; issued 109,659,219 shares 1,441 1,678 2,389 1,914 110 106 262 247 55 55 Additional contributed capital 1,239 1,182 8,779 8,405 -61 -154 -8,184 -7,633 Retained earnings Accumulated other comprehensive losses Treasury stock, at cost - 57,134,828 and 55,971,691 shares, respectively Total W.W. Grainger, Inc. shareholders' equity Noncontrolling interest Total shareholders' equity Total liabilities and shareholders' equity 1,828 1,855 265 205 2,093 6,295 2,060 6,005 Balance Sheet (in millions) 2020 2019 585 360 1,474 1,425 1,733 1,655 120 104 Assets Current assets Cash and cash equivalents Accounts receivable (less allowance for credit losses of $27 and $21, respectively) Inventories - net Prepaid expenses and other current assets Prepaid income taxes Total current assets Property, buildings and equipment - net Deferred income taxes Goodwill Intangibles - net 7 11 3,919 3,555 1,385 1,400 11 14 391 429 228 304 Other assets 348 306 Total assets 6,295 6,005 Liabilities and shareholders' equity Current liabilities Short-term debt 55 8 246 779 719 240 228 67 85 305 318 42 27 Current maturities of long-term debt Trade accounts payable Accrued compensation and benefits Accrued contributions to employees' profit-sharing plans Accrued expenses Income taxes payable Total current liabilities Long-term debt (less current maturities) Deferred income taxes and tax uncertainties Other non-current liabilities Shareholders' equity Cumulative preferred stock - $5 par value - 12,000,000 shares authorized; none issued nor outstanding Common Stock - $0.50 par value - 300,000,000 shares authorized; issued 109,659,219 shares 1,441 1,678 2,389 1,914 110 106 262 247 55 55 Additional contributed capital 1,239 1,182 8,779 8,405 -61 -154 -8,184 -7,633 Retained earnings Accumulated other comprehensive losses Treasury stock, at cost - 57,134,828 and 55,971,691 shares, respectively Total W.W. Grainger, Inc. shareholders' equity Noncontrolling interest Total shareholders' equity Total liabilities and shareholders' equity 1,828 1,855 265 205 2,093 6,295 2,060 6,005

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