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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 314.6 $ 1,080.2
Accounts receivable, less allowance for credit losses of $26.6 at September 30, 2024 and $24.9 at December 31, 2023 1,566.7 1,472.4
Inventories 2,205.8 2,043.2
Prepaid expenses and other current assets 123.5 140.4
Income taxes receivable 1.9 35.6
Total current assets 4,212.5 4,771.8
Property, plant and equipment:    
Land 294.3 281.7
Buildings 1,648.1 1,510.9
Machinery and equipment 2,902.1 2,700.4
Accumulated depreciation (2,341.5) (2,244.6)
Property, plant and equipment, net 2,503.0 2,248.4
Operating lease right-of-use assets 271.0 231.6
Goodwill 2,170.9 2,111.1
Intangible assets, net 1,031.5 981.1
Cash surrender value of life insurance policies, net 29.8 43.8
Other long-term assets 82.1 92.5
Total assets 10,300.8 10,480.3
Current liabilities:    
Accounts payable 440.9 410.3
Accrued expenses 132.8 118.5
Accrued compensation and retirement benefits 194.1 213.9
Accrued insurance costs 45.1 44.4
Current maturities of long-term debt 399.5 0.3
Current maturities of operating lease liabilities 60.1 56.2
Total current liabilities 1,272.5 843.6
Long-term debt 867.8 1,141.9
Operating lease liabilities 210.8 178.9
Long-term retirement benefits 29.1 25.1
Other long-term liabilities 57.6 64.0
Deferred income taxes 501.8 494.0
Total liabilities 2,939.6 2,747.5
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-54,119 at September 30, 2024 and 57,271 at December 31, 2023 0.1 0.1
Retained earnings 7,433.5 7,798.9
Accumulated other comprehensive loss (83.1) (76.7)
Total Reliance stockholders' equity 7,350.5 7,722.3
Noncontrolling interests 10.7 10.5
Total equity 7,361.2 7,732.8
Total liabilities and equity $ 10,300.8 $ 10,480.3