XML 15 R54.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Current:      
Federal $ 153.2us-gaap_CurrentFederalTaxExpenseBenefit $ 121.4us-gaap_CurrentFederalTaxExpenseBenefit $ 159.1us-gaap_CurrentFederalTaxExpenseBenefit
State 25.2us-gaap_CurrentStateAndLocalTaxExpenseBenefit 19.1us-gaap_CurrentStateAndLocalTaxExpenseBenefit 26.5us-gaap_CurrentStateAndLocalTaxExpenseBenefit
Foreign 9.8us-gaap_CurrentForeignTaxExpenseBenefit 10.0us-gaap_CurrentForeignTaxExpenseBenefit 12.7us-gaap_CurrentForeignTaxExpenseBenefit
Total 188.2us-gaap_CurrentIncomeTaxExpenseBenefit 150.5us-gaap_CurrentIncomeTaxExpenseBenefit 198.3us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred:      
Federal (18.7)us-gaap_DeferredFederalIncomeTaxExpenseBenefit 1.5us-gaap_DeferredFederalIncomeTaxExpenseBenefit 2.5us-gaap_DeferredFederalIncomeTaxExpenseBenefit
State (2.2)us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit 1.5us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit 0.5us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit
Foreign 2.7us-gaap_DeferredForeignIncomeTaxExpenseBenefit 0.1us-gaap_DeferredForeignIncomeTaxExpenseBenefit (0.2)us-gaap_DeferredForeignIncomeTaxExpenseBenefit
Total (18.2)us-gaap_DeferredIncomeTaxExpenseBenefit 3.1us-gaap_DeferredIncomeTaxExpenseBenefit 2.8us-gaap_DeferredIncomeTaxExpenseBenefit
Income tax provision 170.0us-gaap_IncomeTaxExpenseBenefit 153.6us-gaap_IncomeTaxExpenseBenefit 201.1us-gaap_IncomeTaxExpenseBenefit
Components of U.S. and international income before income taxes      
US 488.5us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic 438.4us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic 551.6us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
International 57.8us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign 39.9us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign 57.8us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
Income before income taxes 546.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 478.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 609.4us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Reconciliation of income tax at the U.S. federal statutory tax rates to income tax expense      
Income tax at U.S. federal statutory tax rate (as a percent) 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
State income tax, net of federal tax effect (as a percent) 2.60%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes 2.90%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes 2.90%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
Foreign earnings taxes at lower rates (1.90%)us-gaap_EffectiveIncomeTaxRateReconciliationTaxCreditsForeign (1.30%)us-gaap_EffectiveIncomeTaxRateReconciliationTaxCreditsForeign (1.30%)us-gaap_EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
Net effect of life insurance policies (as a percent) (2.60%)us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance (3.20%)us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance (2.20%)us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance
Net effect of changes in unrecognized tax benefits (as a percent) 0.20%us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies (0.50%)us-gaap_EffectiveIncomeTaxRateReconciliationTaxContingencies  
Domestic production activity deduction (as a percent) (1.70%)us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities (1.10%)us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities (1.20%)us-gaap_EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
Other, net (as a percent) (0.50%)us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments 0.30%us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments (0.20%)us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments
Effective tax rate (as a percent) 31.10%us-gaap_EffectiveIncomeTaxRateContinuingOperations 32.10%us-gaap_EffectiveIncomeTaxRateContinuingOperations 33.00%us-gaap_EffectiveIncomeTaxRateContinuingOperations
Deferred tax assets:      
Accrued expenses not currently deductible for tax 85.0us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities 77.7us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities  
Inventory costs capitalized for tax purposes 32.3us-gaap_DeferredTaxAssetsInventory 28.4us-gaap_DeferredTaxAssetsInventory  
Share-based compensation 18.5us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost 19.5us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost  
Allowance for doubtful accounts 6.6us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts 6.9us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts  
Tax credit carryforwards 1.1us-gaap_DeferredTaxAssetsTaxCreditCarryforwards 1.3us-gaap_DeferredTaxAssetsTaxCreditCarryforwards  
Net operating loss carryforwards 2.4us-gaap_DeferredTaxAssetsOperatingLossCarryforwards 10.2us-gaap_DeferredTaxAssetsOperatingLossCarryforwards  
Other   1.9us-gaap_DeferredTaxAssetsOther  
Total deferred tax assets 145.9us-gaap_DeferredTaxAssetsGross 145.9us-gaap_DeferredTaxAssetsGross  
Deferred tax liabilities:      
Property, plant and equipment, net (258.0)us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment (257.6)us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment  
Goodwill and other intangible assets (474.6)us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssets (465.2)us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssets  
LIFO inventories (36.3)rs_DeferredTaxLiabilitiesLIFOInventoryCosts (49.2)rs_DeferredTaxLiabilitiesLIFOInventoryCosts  
Deferred income (19.6)us-gaap_DeferredTaxLiabilitiesFinancingArrangements (25.8)us-gaap_DeferredTaxLiabilitiesFinancingArrangements  
Other (3.9)us-gaap_DeferredTaxLiabilitiesOther    
Total deferred tax liabilities (792.4)us-gaap_DeferredTaxLiabilities (797.8)us-gaap_DeferredTaxLiabilities  
Net deferred tax liabilities $ (646.5)us-gaap_DeferredTaxAssetsLiabilitiesNet $ (651.9)us-gaap_DeferredTaxAssetsLiabilitiesNet