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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 300.5 $ 683.5
Accounts receivable, less allowance for credit losses of $26.7 at December 31, 2021 and $19.0 at December 31, 2020 1,683.0 926.3
Inventories 2,065.0 1,420.4
Prepaid expenses and other current assets 111.6 80.5
Income taxes receivable   2.1
Total current assets 4,160.1 3,112.8
Property, plant and equipment:    
Land 260.1 260.1
Buildings 1,285.0 1,240.0
Machinery and equipment 2,241.4 2,107.8
Accumulated depreciation (1,949.7) (1,815.7)
Property, plant and equipment, net 1,836.8 1,792.2
Operating lease right-of-use assets 224.6 204.0
Goodwill 2,107.6 1,935.2
Intangible assets, net 1,077.7 947.1
Cash surrender value of life insurance policies, net 44.9 43.7
Other assets 84.3 71.8
Total assets 9,536.0 8,106.8
Current liabilities:    
Accounts payable 453.9 259.3
Accrued expenses 148.2 88.9
Accrued compensation and retirement costs 294.0 165.8
Accrued insurance costs 41.0 42.0
Current maturities of long-term debt and short-term borrowings 5.0 6.0
Current maturities of operating lease liabilities 58.6 51.0
Income taxes payable 64.3  
Total current liabilities 1,065.0 613.0
Long-term debt 1,642.0 1,638.9
Operating lease liabilities 162.5 154.1
Long-term retirement costs 81.0 95.8
Other long-term liabilities 7.0 26.7
Deferred income taxes 484.8 455.6
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 - 61,806 at December 31, 2021 and 63,600 at December 31, 2020 0.1 0.1
Retained earnings 6,155.3 5,193.2
Accumulated other comprehensive loss (68.9) (77.9)
Total Reliance stockholders' equity 6,086.5 5,115.4
Noncontrolling interests 7.2 7.3
Total equity 6,093.7 5,122.7
Total liabilities and equity $ 9,536.0 $ 8,106.8