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Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Segment Information |
Schedule of sales, by products or services | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | 2024 | ​ | 2023 | ​ | 2022 | ​
Carbon steel | 53 | % | 53 | % | 54 | %
Aluminum | 16 | ​ | 16 | ​ | 15 | ​
Stainless steel | 14 | ​ | 15 | ​ | 17 | ​
Alloy | 5 | ​ | 5 | ​ | 4 | ​
Toll processing and logistics | 4 | ​ | 4 | ​ | 3 | ​
Copper and brass | 2 | ​ | 2 | ​ | 2 | ​
Miscellaneous | 6 | ​ | 5 | ​ | 5 | ​
Total | 100 | % | 100 | % | 100 | %
Schedule of segment revenue, profit or loss, significant expenses and other quantitative profit or loss information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Metals Service Centers Segment
​ | Year Ended December 31,
​ | 2024 |  | 2023 |  | 2022
​ | (in millions)
Revenues | $ | 13,835.0 | ​ | $ | 14,805.9 | ​ | $ | 17,025.0
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of sales (exclusive of depreciation and amortization shown below) | ​ | 9,728.4 | ​ | ​ | 10,258.6 | ​ | ​ | 11,773.7
Compensation expense | ​ | 1,614.8 | ​ | ​ | 1,557.8 | ​ | ​ | 1,537.3
Other segment items(a) | ​ | 1,031.2 | ​ | ​ | 963.3 | ​ | ​ | 981.1
Depreciation and amortization expense | ​ | 268.7 | ​ | ​ | 245.4 | ​ | ​ | 240.2
Impairment | ​ | 11.7 | ​ | ​ | — | ​ | ​ | —
Interest expense | ​ | 40.3 | ​ | ​ | 40.1 | ​ | ​ | 62.3
Income tax provision | ​ | 261.9 | ​ | ​ | 400.6 | ​ | ​ | 586.2
Segment net income | ​ | 878.0 | ​ | ​ | 1,340.1 | ​ | ​ | 1,844.2
Reconciliation | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Adjustments and reconciling items | ​ | — | ​ | ​ | — | ​ | ​ | —
Consolidated net income | $ | 878.0 | ​ | $ | 1,340.1 | ​ | $ | 1,844.2
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other Segment Disclosures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Purchases of property, plant and equipment | $ | 430.6 | ​ | $ | 468.8 | ​ | $ | 341.8
(a) | Other segment items included in Segment net income mainly includes warehousing and delivery related expenses, which include among others, 3rd party freight, gas and oil, utilities & rent, plant supplies, and repairs and maintenance.
Summary of the Company's operations by geographic location based on where sales originated from | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | United States |  | Foreign Countries |  | Total
​ | (in millions)
Year Ended December 31, 2024: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | $ | 12,933.9 | ​ | $ | 901.1 | ​ | $ | 13,835.0
Long-lived assets | ​ | 5,708.9 | ​ | ​ | 417.4 | ​ | ​ | 6,126.3
Year Ended December 31, 2023: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | 13,786.8 | ​ | ​ | 1,019.1 | ​ | ​ | 14,805.9
Long-lived assets | ​ | 5,288.4 | ​ | ​ | 420.1 | ​ | ​ | 5,708.5
Year Ended December 31, 2022: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | 15,978.6 | ​ | ​ | 1,046.4 | ​ | ​ | 17,025.0
Long-lived assets | ​ | 5,051.9 | ​ | ​ | 391.4 | ​ | ​ | 5,443.3
​

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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