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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 116.5 $ 104.3
Accounts receivable, less allowance for doubtful accounts of $18.2 at June 30, 2016 and $16.3 at December 31, 2015 1,036.0 916.6
Inventories 1,623.8 1,436.0
Prepaid expenses and other current assets 60.6 60.8
Income taxes receivable 16.9 36.5
Total current assets 2,853.8 2,554.2
Property, plant and equipment:    
Land 206.4 196.2
Buildings 1,037.4 1,006.3
Machinery and equipment 1,649.5 1,569.8
Accumulated depreciation (1,216.1) (1,136.8)
Total property, plant and equipment 1,677.2 1,635.5
Goodwill 1,830.9 1,724.8
Intangible assets, net 1,205.3 1,125.4
Cash surrender value of life insurance policies, net 39.2 45.8
Other assets 38.2 35.9
Total assets 7,644.6 7,121.6
Current liabilities:    
Accounts payable 360.8 247.0
Accrued expenses 79.9 83.0
Accrued compensation and retirement costs 108.6 118.7
Accrued insurance costs 44.0 40.2
Current maturities of long-term debt and short-term borrowings 484.7 500.8
Total current liabilities 1,078.0 989.7
Long-term debt 1,684.7 1,427.9
Long-term retirement costs 108.2 103.8
Other long-term liabilities 15.3 30.4
Deferred income taxes 629.0 627.1
Commitments and contingencies
Equity:    
Common stock and additional paid-in capital, $0.001 par value: Authorized shares — 200,000,000 Issued and outstanding shares – 72,503,979 at June 30, 2016 and 71,739,072 at December 31, 2015 575.1 533.8
Retained earnings 3,614.5 3,480.0
Accumulated other comprehensive loss (88.8) (99.7)
Total Reliance stockholders' equity 4,100.8 3,914.1
Noncontrolling interests 28.6 28.6
Total equity 4,129.4 3,942.7
Total liabilities and equity $ 7,644.6 $ 7,121.6