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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 70.0 $ 84.6
Accounts receivable, less allowance for doubtful accounts of $23.3 at March 31, 2012 and $22.2 at December 31, 2011 1,044.2 896.2
Inventories 1,399.4 1,212.8
Prepaid expenses and other current assets 38.9 47.8
Deferred income taxes 33.4 33.3
Total current assets 2,585.9 2,274.7
Property, plant and equipment:    
Land 147.5 145.8
Buildings 660.9 656.8
Machinery and equipment 1,013.9 982.9
Accumulated depreciation (701.7) (680.0)
Total property, plant and equipment 1,120.6 1,105.5
Goodwill 1,249.6 1,244.3
Intangible assets, net 890.9 895.9
Cash surrender value of life insurance policies, net 40.3 41.9
Investments in unconsolidated entities 16.4 16.2
Other assets 28.1 27.4
Total assets 5,931.8 5,605.9
Current liabilities:    
Accounts payable 433.7 335.2
Accrued expenses 62.6 54.0
Accrued compensation and retirement costs 73.6 111.0
Accrued insurance costs 44.1 42.1
Current maturities of long-term debt and short-term borrowings 12.1 12.2
Income taxes payable 49.6 21.9
Total current liabilities 675.7 576.4
Long-term debt 1,419.0 1,319.0
Long-term retirement costs 91.5 88.6
Other long-term liabilities 29.0 30.1
Deferred income taxes 442.1 439.8
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 - 75,122,110 at March 31, 2012 and 75,007,694 at December 31, 2011, stated capital 666.6 657.1
Retained earnings 2,599.8 2,495.6
Accumulated other comprehensive loss (1.0) (8.8)
Total Reliance shareholders' equity 3,265.4 3,143.9
Noncontrolling interests 9.1 8.1
Total equity 3,274.5 3,152.0
Total liabilities and equity $ 5,931.8 $ 5,605.9