Stockholders' Equity, Accumulated Other Comprehensive Income (Loss) and Noncontrolling Interest (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Change in Stockholders' Equity (Deficit), Accumulated Other Comprehensive Income (Loss) and Noncontrolling Interest

The following table details changes in Ryerson Holding Corporation Stockholders’ Equity accounts for the three and six month periods ended June 30, 2022:

																Accumulated Other Comprehensive Income (Loss)
	Common Stock				Treasury Stock						Capital in Excess of Par Value		Retained Earnings			Foreign Currency Translation			Benefit Plan Liabilities			Interest Rate Swap			Non-controlling Interest			Total Equity
	Shares		Dollars		Shares			Dollars			Dollars		Dollars			Dollars			Dollars			Dollars			Dollars			Dollars
	(In millions, except shares in thousands)
Balance at January 1, 2022		38,687	$	0.4		(293	)	$	(8.4	)	$	388.6	$	321.7		$	(49.1	)	$	(114.5	)	$	(1.5	)	$	7.4		$	544.6
Net income		—		—		—			—			—		163.6			—			—			—			0.2			163.8
Foreign currency translation		—		—		—			—			—		—			1.5			—			—			—			1.5
Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.1		—		—		—			—			—		—			—			0.7			—			—			0.7
Share repurchases		—		—		(20	)		(0.5	)		—		—			—			—			—			—			(0.5	)
Stock-based compensation expense, net		371		—		(77	)		(2.7	)		1.3		—			—			—			—			—			(1.4	)
Cash dividends and dividend equivalents		—		—		—			—			—		(3.9	)		—			—			—			—			(3.9	)
Interest rate swap, net of tax of zero		—		—		—			—			—		—			—			—			0.7			—			0.7
Balance at March 31, 2022		39,058	$	0.4		(390	)	$	(11.6	)	$	389.9	$	481.4		$	(47.6	)	$	(113.8	)	$	(0.8	)	$	7.6		$	705.5
Net income		—		—		—			—			—		196.4			—			—			—			—			196.4
Foreign currency translation		—		—		—			—			—		—			(2.2	)		—			—			(0.1	)		(2.3	)
Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.4		—		—		—			—			—		—			—			0.2			—			—			0.2
Share repurchases		—		—		(1,613	)		(47.7	)		—		—			—			—			—			—			(47.7	)
Stock-based compensation expense, net		1		—		—			—			2.6		—			—			—			—			—			2.6
Cash dividends and dividend equivalents		—		—		—			—			—		(4.7	)		—			—			—			—			(4.7	)
Interest rate swap, net of tax of $0.2		—		—		—			—			—		—			—			—			0.5			—			0.5
Balance at June 30, 2022		39,059	$	0.4		(2,003	)	$	(59.3	)	$	392.5	$	673.1		$	(49.8	)	$	(113.6	)	$	(0.3	)	$	7.5		$	850.5

The following table details changes in Ryerson Holding Corporation Stockholders’ Equity accounts for the three and six month periods ended June 30, 2021:

															Accumulated Other Comprehensive Income (Loss)
	Common Stock				Treasury Stock						Capital in Excess of Par Value		Retained Earnings		Foreign Currency Translation			Benefit Plan Liabilities			Interest Rate Swap			Non-controlling Interest			Total Equity
	Shares		Dollars		Shares			Dollars			Dollars		Dollars		Dollars			Dollars			Dollars			Dollars			Dollars
	(In millions, except shares in thousands)
Balance at January 1, 2021		38,330	$	0.4		(213	)	$	(6.6	)	$	383.1	$	33.8	$	(47.0	)	$	(221.8	)	$	(3.1	)	$	6.3		$	145.1
Net income		—		—		—			—			—		25.3		—			—			—			0.3			25.6
Foreign currency translation		—		—		—			—			—		—		0.1			—			—			(0.1	)		—
Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.5		—		—		—			—			—		—		—			2.0			—			—			2.0
Stock-based compensation expense		—		—		—			—			1.6		—		—			—			—			—			1.6
Interest rate swap, net of tax of $0.1		—		—		—			—			—		—		—			—			0.4			—			0.4
Balance at March 31, 2021		38,330	$	0.4		(213	)	$	(6.6	)	$	384.7	$	59.1	$	(46.9	)	$	(219.8	)	$	(2.7	)	$	6.5		$	174.7
Net income		—		—		—			—			—		112.9		—			—			—			0.4			113.3
Foreign currency translation		—		—		—			—			—		—		1.5			—			—			0.1			1.6
Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.6		—		—		—			—			—		—		—			2.0			—			—			2.0
Stock-based compensation expense		357		—		—			—			1.5		—		—			—			—			—			1.5
Interest rate swap, net of tax of $0.2		—		—		—			—			—		—		—			—			0.4			—			0.4
Balance at June 30, 2021		38,687	$	0.4		(213	)	$	(6.6	)	$	386.2	$	172.0	$	(45.4	)	$	(217.8	)	$	(2.3	)	$	7.0		$	293.5

Changes in Accumulated Other Comprehensive Income/(Loss) Net of Tax by Component

The following table details changes in accumulated other comprehensive income (loss), net of tax, for the six months ended June 30, 2022:

	Changes in Accumulated Other Comprehensive Income (Loss) by Component, net of tax
	Foreign Currency Translation			Benefit Plan Liabilities			Interest Rate Swap
	(In millions)
Balance at January 1, 2022	$	(49.1	)	$	(114.5	)	$	(1.5	)
Other comprehensive loss before reclassifications		(0.7	)		—			—
Amounts reclassified from accumulated other comprehensive income into net income		—			0.9			1.2
Net current-period other comprehensive income (loss)		(0.7	)		0.9			1.2
Balance at June 30, 2022	$	(49.8	)	$	(113.6	)	$	(0.3	)

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The following table details the reclassifications out of accumulated other comprehensive income (loss) for the three and six month periods ended June 30, 2022:

	Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
	Amount reclassified from Accumulated
	Other Comprehensive Income (Loss)
	Three Months Ended			Six Months Ended			Affected line item in the Condensed
Details about Accumulated Other	June 30, 2022						Consolidated Statements of
Comprehensive Income (Loss) Components	(In millions)						Comprehensive Income
Amortization of defined benefit pension and other post-retirement benefit plan items
Actuarial loss	$	0.7		$	1.2		Other income and (expense), net
Pension settlement		—			0.1		Other income and (expense), net
Prior service credits		(0.1	)		(0.1	)	Other income and (expense), net
Total before tax		0.6			1.2
Tax benefit		(0.4	)		(0.3	)
Net of tax	$	0.2		$	0.9
Interest rate swap
Realized swap interest	$	0.7		$	1.4		Interest and other expense on debt
Tax benefit		(0.2	)		(0.2	)
Net of tax	$	0.5		$	1.2

	Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
	Amount reclassified from Accumulated
	Other Comprehensive Income (Loss)
	Three Months Ended			Six Months Ended			Affected line item in the Condensed
Details about Accumulated Other	June 30, 2021						Consolidated Statements of
Comprehensive Income (Loss) Components	(In millions)						Comprehensive Income
Amortization of defined benefit pension and other post-retirement benefit plan items
Actuarial loss	$	2.5		$	4.9		Other income and (expense), net
Pension settlement		0.2			0.4		Other income and (expense), net
Prior service credits		(0.1	)		(0.2	)	Other income and (expense), net
Total before tax		2.6			5.1
Tax benefit		(0.6	)		(1.1	)
Net of tax	$	2.0		$	4.0
Interest rate swap
Realized swap interest	$	0.6		$	1.1		Interest and other expense on debt
Tax benefit		(0.2	)		(0.3	)
Net of tax	$	0.4		$	0.8