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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 760.3 $ 683.5
Accounts receivable, less allowance for credit losses of $22.8 at March 31, 2021 and $19.0 at December 31, 2020 1,272.3 926.3
Inventories 1,477.0 1,420.4
Prepaid expenses and other current assets 75.1 80.5
Income taxes receivable   2.1
Total current assets 3,584.7 3,112.8
Property, plant and equipment:    
Land 255.5 260.1
Buildings 1,233.0 1,240.0
Machinery and equipment 2,137.8 2,107.8
Accumulated depreciation (1,856.6) (1,815.7)
Property, plant and equipment, net 1,769.7 1,792.2
Operating lease right-of-use assets 201.9 204.0
Goodwill 1,935.7 1,935.2
Intangible assets, net 938.0 947.1
Cash surrender value of life insurance policies, net 39.5 43.7
Other assets 79.5 71.8
Total assets 8,549.0 8,106.8
Current liabilities:    
Accounts payable 361.0 259.3
Accrued expenses 122.6 88.9
Accrued compensation and retirement costs 156.8 165.8
Accrued insurance costs 45.5 42.0
Current maturities of long-term debt and short-term borrowings 5.2 6.0
Current maturities of operating lease liabilities 51.1 51.0
Income taxes payable 81.5  
Total current liabilities 823.7 613.0
Long-term debt 1,639.7 1,638.9
Operating lease liabilities 152.0 154.1
Long-term retirement costs 101.9 95.8
Other long-term liabilities 26.5 26.7
Deferred income taxes 456.2 455.6
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 - 63,707 at March 31, 2021 and 63,600 at December 31, 2020 6.6 0.1
Retained earnings 5,415.3 5,193.2
Accumulated other comprehensive loss (79.1) (77.9)
Total Reliance stockholders' equity 5,342.8 5,115.4
Noncontrolling interests 6.2 7.3
Total equity 5,349.0 5,122.7
Total liabilities and equity $ 8,549.0 $ 8,106.8