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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 591.6 $ 174.3
Accounts receivable, less allowance for credit losses of $22.8 at September 30, 2020 and $17.8 at December 31, 2019 943.9 1,067.8
Inventories 1,423.0 1,645.7
Prepaid expenses and other current assets 66.6 85.2
Income taxes receivable 6.9 37.2
Total current assets 3,032.0 3,010.2
Property, plant and equipment:    
Land 258.2 239.8
Buildings 1,231.9 1,195.1
Machinery and equipment 2,086.9 2,044.4
Accumulated depreciation (1,777.6) (1,684.1)
Property, plant and equipment, net 1,799.4 1,795.2
Operating lease right-of-use assets 195.0 201.5
Goodwill 1,924.8 2,003.8
Intangible assets, net 955.8 1,031.1
Cash surrender value of life insurance policies, net 29.6 42.7
Other assets 62.1 46.6
Total assets 7,998.7 8,131.1
Current liabilities:    
Accounts payable 260.0 275.0
Accrued expenses 103.2 67.4
Accrued compensation and retirement costs 137.5 172.1
Accrued insurance costs 45.2 43.4
Current maturities of long-term debt and short-term borrowings 5.8 64.9
Current maturities of operating lease liabilities 50.2 52.5
Total current liabilities 601.9 675.3
Long-term debt 1,638.3 1,523.6
Operating lease liabilities 145.9 149.5
Long-term retirement costs 87.3 87.0
Other long-term liabilities 32.3 12.3
Deferred income taxes 445.7 469.3
Commitments 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 - 63,756 at September 30, 2020 and 66,854 at December 31, 2019 11.1 122.2
Retained earnings 5,125.5 5,189.5
Accumulated other comprehensive loss (96.8) (105.1)
Total Reliance stockholders' equity 5,039.8 5,206.6
Noncontrolling interests 7.5 7.5
Total equity 5,047.3 5,214.1
Total liabilities and equity $ 7,998.7 $ 8,131.1