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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 638.4 $ 683.5
Accounts receivable, less allowance for credit losses of $28.0 at September 30, 2021 and $19.0 at December 31, 2020 1,693.5 926.3
Inventories 1,877.8 1,420.4
Prepaid expenses and other current assets 74.3 80.5
Income taxes receivable   2.1
Total current assets 4,284.0 3,112.8
Property, plant and equipment:    
Land 256.2 260.1
Buildings 1,266.2 1,240.0
Machinery and equipment 2,208.6 2,107.8
Accumulated depreciation (1,928.4) (1,815.7)
Property, plant and equipment, net 1,802.6 1,792.2
Operating lease right-of-use assets 199.8 204.0
Goodwill 1,935.3 1,935.2
Intangible assets, net 919.5 947.1
Cash surrender value of life insurance policies, net 30.8 43.7
Other assets 80.4 71.8
Total assets 9,252.4 8,106.8
Current liabilities:    
Accounts payable 519.4 259.3
Accrued expenses 117.0 88.9
Accrued compensation and retirement costs 239.6 165.8
Accrued insurance costs 40.8 42.0
Current maturities of long-term debt and short-term borrowings 4.9 6.0
Current maturities of operating lease liabilities 48.9 51.0
Income taxes payable 36.5  
Total current liabilities 1,007.1 613.0
Long-term debt 1,641.4 1,638.9
Operating lease liabilities 151.9 154.1
Long-term retirement costs 105.8 95.8
Other long-term liabilities 22.3 26.7
Deferred income taxes 456.0 455.6
Commitments and contingencies
Equity:    
Preferred stock, $0.001 par value: 5,000 shares authorized; none issued or outstanding
Common stock and additional paid-in capital, $0.001 par value and 200,000 shares authorized, Issued and outstanding shares - 62,694 at September 30, 2021 and 63,600 at December 31, 2020 0.1 0.1
Retained earnings 5,943.5 5,193.2
Accumulated other comprehensive loss (82.9) (77.9)
Total Reliance stockholders' equity 5,860.7 5,115.4
Noncontrolling interests 7.2 7.3
Total equity 5,867.9 5,122.7
Total liabilities and equity $ 9,252.4 $ 8,106.8