XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 84.6 $ 72.9
Accounts receivable, less allowance for doubtful accounts of $22.2 at December 31, 2011 and $17.2 at December 31, 2010 896.2 697.0
Inventories 1,212.8 860.2
Prepaid expenses and other current assets 47.8 42.5
Income taxes receivable   28.3
Deferred income taxes 33.3  
Total current assets 2,274.7 1,700.9
Property, plant and equipment:    
Land 145.8 137.1
Buildings 656.8 594.3
Machinery and equipment 982.9 898.1
Accumulated depreciation (680.0) (604.2)
Total property, plant and equipment 1,105.5 1,025.3
Goodwill 1,244.3 1,109.6
Intangible assets, net 895.9 755.8
Cash surrender value of life insurance policies, net 41.9 42.0
Investments in unconsolidated entities 16.2 18.3
Other assets 27.4 17.0
Total assets 5,605.9 4,668.9
Current liabilities:    
Accounts payable 335.2 245.0
Accrued expenses 54.0 45.7
Accrued compensation and retirement costs 111.0 85.1
Accrued insurance costs 42.1 37.0
Current maturities of long-term debt and short-term borrowings 12.2 86.2
Income taxes payable 21.9  
Deferred income taxes   9.6
Total current liabilities 576.4 508.6
Long-term debt 1,319.0 855.1
Long-term retirement costs 88.6 74.7
Other long-term liabilities 30.1 27.8
Deferred income taxes 439.8 372.6
Commitments and contingencies      
Equity:    
Preferred stock, no par value: Authorized shares - 5,000,000 None issued or outstanding      
Common stock, no par value: Authorized shares - 100,000,000 Issued and outstanding shares - 75,007,694 at December 31, 2011 and 74,639,223 at December 31, 2010, stated capital 657.1 624.7
Retained earnings 2,495.6 2,188.7
Accumulated other comprehensive (loss) income (8.8) 10.3
Total Reliance shareholders' equity 3,143.9 2,823.7
Noncontrolling interests 8.1 6.4
Total equity 3,152.0 2,830.1
Total liabilities and equity $ 5,605.9 $ 4,668.9