CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 154.4	$ 122.8
Accounts receivable, less allowance for doubtful accounts of $15.5 at December 31, 2017 and $15.3 at December 31, 2016	1,087.3	960.2
Inventories	1,726.0	1,532.6
Prepaid expenses and other current assets	80.7	72.9
Income taxes receivable	2.9
Total current assets	3,051.3	2,688.5
Property, plant and equipment:
Land	229.7	228.2
Buildings	1,095.3	1,059.2
Machinery and equipment	1,738.6	1,647.3
Accumulated depreciation	(1,407.3)	(1,272.5)
Property, plant and equipment, net	1,656.3	1,662.2
Goodwill	1,842.6	1,827.4
Intangible assets, net	1,112.1	1,151.3
Cash surrender value of life insurance policies, net	47.8	46.9
Other assets	40.9	35.0
Total assets	7,751.0	7,411.3
Current liabilities:
Accounts payable	346.7	302.2
Accrued expenses	83.6	83.7
Accrued compensation and retirement costs	139.3	140.8
Accrued insurance costs	42.1	40.6
Current maturities of long-term debt and short-term borrowings	92.0	82.5
Income taxes payable		6.2
Total current liabilities	703.7	656.0
Long-term debt	1,809.4	1,846.7
Long-term retirement costs	85.4	89.6
Other long-term liabilities	11.8	13.0
Deferred income taxes	440.8	626.9
Commitments and contingencies
Equity:
Preferred stock, $0.001 par value: Authorized shares — 5,000,000 None issued or outstanding
Common stock and additional paid-in capital, $0.001 par value: Authorized shares — 200,000,000 Issued and outstanding shares – 72,609,540 at December 31, 2017 and 72,682,793 at December 31, 2016	594.6	590.3
Retained earnings	4,144.1	3,663.2
Accumulated other comprehensive loss	(71.6)	(104.7)
Total Reliance stockholders' equity	4,667.1	4,148.8
Noncontrolling interests	32.8	30.3
Total equity	4,699.9	4,179.1
Total liabilities and equity	$ 7,751.0	$ 7,411.3

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.