XML 54 R38.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidating Financial Statements (Details) - USD ($)
$ in Millions
1 Months Ended
Apr. 30, 2013
Nov. 30, 2006
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Dec. 31, 2013
Condensed Unaudited Consolidating Balance Sheet            
Ownership interest in domestic subsidiaries (as a percent)     100.00%      
Assets            
Cash and cash equivalents     $ 94.1 $ 106.2 $ 100.7 $ 83.6
Accounts receivable, net     1,074.3 1,144.6    
Inventories     1,587.3 1,752.1    
Income taxes receivable     38.6      
Other current assets     95.7 118.2    
Total current assets     2,890.0 3,121.1    
Property, plant and equipment, net     1,626.0 1,656.4    
Goodwill     1,727.0 1,736.4    
Intangible assets, net     1,140.7 1,227.4    
Other assets     71.9 81.1    
Total assets     7,455.6 7,822.4    
Liabilities & Equity            
Accounts payable     326.5 286.5    
Accrued compensation and retirement costs     119.2 128.4    
Other current liabilities     143.0 154.0    
Current maturities of long-term debt and short-term borrowings     109.4 93.9    
Total current liabilities     698.1 662.8    
Long-term debt     1,986.1 2,208.1    
Other long-term liabilities     820.9 823.6    
Total Reliance stockholders' equity     3,919.8 4,099.0    
Noncontrolling interests     30.7 28.9    
Total equity     3,950.5 4,127.9    
Total liabilities and equity     7,455.6 7,822.4    
Senior Unsecured Notes            
Condensed Unaudited Consolidating Balance Sheet            
Aggregate principal amount $ 1,100.0 $ 1,100.0        
Ownership interest in domestic subsidiaries (as a percent) 100.00% 100.00%        
Reportable legal entities | Parent            
Assets            
Cash and cash equivalents     13.6 41.9 30.4 19.7
Accounts receivable, net     78.4 72.7    
Inventories     46.3 57.6    
Income taxes receivable     82.2      
Other current assets     121.9 139.3    
Total current assets     342.4 311.5    
Investments in subsidiaries     5,011.9 4,891.8    
Property, plant and equipment, net     107.9 103.8    
Goodwill     23.8 23.8    
Intangible assets, net     14.6 16.1    
Intercompany receivables     820.9 1,361.7    
Other assets     24.3 22.7    
Total assets     6,345.8 6,731.4    
Liabilities & Equity            
Accounts payable     32.4 29.2    
Accrued compensation and retirement costs     22.2 23.9    
Other current liabilities     71.2 65.2    
Current maturities of long-term debt and short-term borrowings     50.0 43.8    
Total current liabilities     175.8 162.1    
Long-term debt     1,935.9 2,156.6    
Other long-term liabilities     314.3 313.7    
Total Reliance stockholders' equity     3,919.8 4,099.0    
Total equity     3,919.8 4,099.0    
Total liabilities and equity     6,345.8 6,731.4    
Reportable legal entities | Guarantor Subsidiaries            
Assets            
Cash and cash equivalents     (7.1) (8.3) (1.9) (0.8)
Accounts receivable, net     850.2 923.1    
Inventories     1,293.2 1,454.2    
Other current assets     37.3 38.5    
Total current assets     2,173.6 2,407.5    
Investments in subsidiaries     286.0 299.9    
Property, plant and equipment, net     1,309.2 1,333.7    
Goodwill     1,571.1 1,571.0    
Intangible assets, net     987.9 1,056.7    
Intercompany receivables     41.1 26.1    
Other assets     41.9 52.5    
Total assets     6,410.8 6,747.4    
Liabilities & Equity            
Accounts payable     234.4 212.3    
Accrued compensation and retirement costs     86.3 89.9    
Other current liabilities     60.4 26.1    
Deferred income taxes     75.2 75.1    
Total current liabilities     456.3 403.4    
Long-term debt     5.7 5.7    
Intercompany borrowings     733.2 1,242.5    
Other long-term liabilities     455.5 456.2    
Total Reliance stockholders' equity     4,753.6 4,633.4    
Noncontrolling interests     6.5 6.2    
Total equity     4,760.1 4,639.6    
Total liabilities and equity     6,410.8 6,747.4    
Reportable legal entities | Non-Guarantor Subsidiaries            
Assets            
Cash and cash equivalents     87.6 72.6 $ 72.2 $ 64.7
Accounts receivable, net     164.9 164.8    
Inventories     247.8 240.3    
Other current assets     15.2 16.1    
Total current assets     515.5 493.8    
Property, plant and equipment, net     208.9 218.9    
Goodwill     132.1 141.6    
Intangible assets, net     138.2 154.6    
Intercompany receivables     26.3 18.2    
Other assets     5.7 5.9    
Total assets     1,026.7 1,033.0    
Liabilities & Equity            
Accounts payable     78.9 60.6    
Accrued compensation and retirement costs     10.7 14.6    
Other current liabilities     57.9 62.6    
Deferred income taxes     0.6 0.6    
Current maturities of long-term debt and short-term borrowings     59.4 50.1    
Total current liabilities     207.5 188.5    
Long-term debt     44.5 45.8    
Intercompany borrowings     155.1 163.5    
Other long-term liabilities     51.1 54.1    
Total Reliance stockholders' equity     544.3 558.4    
Noncontrolling interests     24.2 22.7    
Total equity     568.5 581.1    
Total liabilities and equity     1,026.7 1,033.0    
Consolidating Adjustments            
Assets            
Accounts receivable, net     (19.2) (16.0)    
Income taxes receivable     (43.6)      
Other current assets     (78.7) (75.7)    
Total current assets     (141.5) (91.7)    
Investments in subsidiaries     (5,297.9) (5,191.7)    
Intercompany receivables     (888.3) (1,406.0)    
Total assets     (6,327.7) (6,689.4)    
Liabilities & Equity            
Accounts payable     (19.2) (15.6)    
Other current liabilities     (46.5) 0.1    
Deferred income taxes     (75.8) (75.7)    
Total current liabilities     (141.5) (91.2)    
Intercompany borrowings     (888.3) (1,406.0)    
Other long-term liabilities       (0.4)    
Total Reliance stockholders' equity     (5,297.9) (5,191.8)    
Total equity     (5,297.9) (5,191.8)    
Total liabilities and equity     $ (6,327.7) $ (6,689.4)