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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 166.0 $ 128.2
Accounts receivable, less allowance for doubtful accounts of $21.3 at September 30, 2019 and $18.8 at December 31, 2018 1,250.9 1,242.3
Inventories 1,669.5 1,817.1
Prepaid expenses and other current assets 69.6 81.5
Income taxes receivable 9.0 15.9
Total current assets 3,165.0 3,285.0
Property, plant and equipment:    
Land 236.5 233.9
Buildings 1,183.7 1,158.9
Machinery and equipment 2,005.7 1,880.1
Accumulated depreciation (1,650.1) (1,543.0)
Property, plant and equipment, net 1,775.8 1,729.9
Operating lease right-of-use assets 198.9  
Goodwill 1,872.8 1,870.8
Intangible assets, net 1,040.7 1,072.0
Cash surrender value of life insurance policies, net 30.2 43.6
Other assets 47.5 43.6
Total assets 8,130.9 8,044.9
Current liabilities:    
Accounts payable 385.9 338.8
Accrued expenses 94.4 77.4
Accrued compensation and retirement costs 146.3 174.8
Accrued insurance costs 45.3 42.9
Current maturities of long-term debt and short-term borrowings 65.2 65.2
Current maturities of operating lease liabilities 51.4  
Total current liabilities 788.5 699.1
Long-term debt 1,578.2 2,138.5
Operating lease liabilities 148.5  
Long-term retirement costs 81.0 71.8
Other long-term liabilities 14.0 15.9
Deferred income taxes 439.0 440.1
Commitment and contingencies
Equity:    
Preferred stock, $0.001 par value: Authorized shares - 5,000 None issued or outstanding
Common stock and additional paid-in capital, $0.001 par value: Authorized shares - 200,000 Issued and outstanding shares - 66,656 at September 30, 2019 and 66,882 at December 31, 2018 114.9 136.4
Retained earnings 5,061.9 4,637.9
Accumulated other comprehensive loss (103.4) (102.7)
Total Reliance stockholders' equity 5,073.4 4,671.6
Noncontrolling interests 8.3 7.9
Total equity 5,081.7 4,679.5
Total liabilities and equity $ 8,130.9 $ 8,044.9