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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 727.6 $ 683.5
Accounts receivable, less allowance for credit losses of $24.6 at June 30, 2021 and $19.0 at December 31, 2020 1,492.6 926.3
Inventories 1,644.8 1,420.4
Prepaid expenses and other current assets 79.6 80.5
Income taxes receivable   2.1
Total current assets 3,944.6 3,112.8
Property, plant and equipment:    
Land 256.4 260.1
Buildings 1,253.1 1,240.0
Machinery and equipment 2,184.8 2,107.8
Accumulated depreciation (1,897.2) (1,815.7)
Property, plant and equipment, net 1,797.1 1,792.2
Operating lease right-of-use assets 209.7 204.0
Goodwill 1,936.3 1,935.2
Intangible assets, net 928.9 947.1
Cash surrender value of life insurance policies, net 35.7 43.7
Other assets 77.7 71.8
Total assets 8,930.0 8,106.8
Current liabilities:    
Accounts payable 473.6 259.3
Accrued expenses 116.6 88.9
Accrued compensation and retirement costs 198.6 165.8
Accrued insurance costs 42.8 42.0
Current maturities of long-term debt and short-term borrowings 5.3 6.0
Current maturities of operating lease liabilities 50.1 51.0
Income taxes payable 17.9  
Total current liabilities 904.9 613.0
Long-term debt 1,640.6 1,638.9
Operating lease liabilities 160.6 154.1
Long-term retirement costs 105.4 95.8
Other long-term liabilities 23.3 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 - 63,568 at June 30, 2021 and 63,600 at December 31, 2020 5.7 0.1
Retained earnings 5,700.6 5,193.2
Accumulated other comprehensive loss (74.6) (77.9)
Total Reliance stockholders' equity 5,631.7 5,115.4
Noncontrolling interests 7.3 7.3
Total equity 5,639.0 5,122.7
Total liabilities and equity $ 8,930.0 $ 8,106.8