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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 277.8 $ 318.1
Accounts receivable, less allowance for credit losses of $26.0 and $23.2 1,671.8 1,342.0
Inventories 2,114.3 2,026.8
Prepaid expenses and other current assets 135.6 148.2
Income taxes receivable 11.5 60.4
Total current assets 4,211.0 3,895.5
Property, plant and equipment, net 2,573.4 2,544.9
Operating lease right-of-use assets 286.3 275.2
Goodwill 2,165.6 2,161.8
Intangible assets, net 997.0 1,007.2
Cash surrender value of life insurance policies, net 40.5 46.0
Other long-term assets 91.2 91.2
Total assets 10,365.0 10,021.8
Current liabilities:    
Accounts payable 520.8 361.9
Accrued expenses 136.7 144.4
Accrued compensation and retirement benefits 155.9 195.2
Accrued insurance costs 53.7 50.4
Current maturities of long-term debt 399.9 399.7
Current maturities of operating lease liabilities 62.9 61.4
Total current liabilities 1,329.9 1,213.0
Long-term debt 1,073.1 742.8
Operating lease liabilities 224.1 214.2
Long-term retirement benefits 28.2 26.9
Other long-term liabilities 58.9 56.8
Deferred income taxes 537.2 537.5
Total liabilities 3,251.4 2,791.2
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-52,889 and 53,715 0.1 0.1
Retained earnings 7,214.5 7,334.7
Accumulated other comprehensive loss (112.8) (115.2)
Total Reliance stockholders' equity 7,101.8 7,219.6
Noncontrolling interests 11.8 11.0
Total equity 7,113.6 7,230.6
Total liabilities and equity $ 10,365.0 $ 10,021.8