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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 93.6 $ 84.6
Accounts receivable, less allowance for doubtful accounts of $22.7 at June 30, 2012 and $22.2 at December 31, 2011 1,013.5 896.2
Inventories 1,424.0 1,212.8
Prepaid expenses and other current assets 39.7 47.8
Income taxes receivable 2.1  
Deferred income taxes 35.3 33.3
Total current assets 2,608.2 2,274.7
Property, plant and equipment:    
Land 149.5 145.8
Buildings 672.7 656.8
Machinery and equipment 1,056.3 982.9
Accumulated depreciation (726.7) (680.0)
Total property, plant and equipment 1,151.8 1,105.5
Goodwill 1,277.6 1,244.3
Intangible assets, net 915.6 895.9
Cash surrender value of life insurance policies, net 37.6 41.9
Investments in unconsolidated entities 16.7 16.2
Other assets 27.8 27.4
Total assets 6,035.3 5,605.9
Current liabilities:    
Accounts payable 375.2 335.2
Accrued expenses 56.7 54.0
Accrued compensation and retirement costs 90.3 111.0
Accrued insurance costs 41.0 42.1
Current maturities of long-term debt and short-term borrowings 12.2 12.2
Income taxes payable   21.9
Total current liabilities 575.4 576.4
Long-term debt 1,519.0 1,319.0
Long-term retirement costs 88.9 88.6
Other long-term liabilities 27.4 30.1
Deferred income taxes 449.4 439.8
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 - 200,000,000 Issued and outstanding shares - 75,278,455 at June 30, 2012 and 75,007,694 at December 31, 2011, stated capital 678.3 657.1
Retained earnings 2,697.5 2,495.6
Accumulated other comprehensive loss (10.4) (8.8)
Total Reliance shareholders' equity 3,365.4 3,143.9
Noncontrolling interests 9.8 8.1
Total equity 3,375.2 3,152.0
Total liabilities and equity $ 6,035.3 $ 5,605.9