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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 41.4 $ 51.2
Restricted cash 1.2 1.2
Receivables less provisions of $3.0 at June 30, 2022 and $2.2 at December 31, 2021 756.5 630.8
Inventories 1,012.3 832.1
Prepaid expenses and other current assets 86.8 77.7
Total current assets 1,898.2 1,593.0
Property, plant, and equipment, at cost 828.7 792.8
Less: Accumulated depreciation 421.7 404.5
Property, plant, and equipment, net 407.0 388.3
Operating lease assets 203.9 211.1
Other intangible assets 39.5 42.2
Goodwill 124.5 124.1
Deferred charges and other assets 9.8 6.9
Total assets 2,682.9 2,365.6
Current liabilities:    
Accounts payable 656.3 481.2
Salaries, wages, and commissions 57.8 76.6
Other accrued liabilities 116.4 133.4
Short-term debt 19.2 28.8
Current portion of operating lease liabilities 26.0 24.9
Current portion of deferred employee benefits 6.1 6.1
Total current liabilities 881.8 751.0
Long-term debt 514.3 610.5
Deferred employee benefits 156.3 163.3
Noncurrent operating lease liabilities 174.4 184.8
Deferred income taxes 89.3 94.1
Other noncurrent liabilities 16.3 17.3
Total liabilities 1,832.4 1,821.0
Commitments and contingencies
Ryerson Holding Corporation stockholders’ equity:    
Preferred stock, $0.01 par value; 7,000,000 shares authorized; no shares issued and outstanding at March 31, 2022 and December 31, 2021
Common stock, $0.01 par value; 100,000,000 shares authorized; 39,058,018 and 38,687,094 shares issued at March 31, 2022 and December 31, 2021, respectively 0.4 0.4
Capital in excess of par value 392.5 388.6
Retained earnings 673.1 321.7
Treasury stock at cost - Common stock, value (59.3) (8.4)
Accumulated other comprehensive loss (163.7) (165.1)
Total Ryerson Holding Corporation stockholders’ equity 843.0 537.2
Noncontrolling interest 7.5 7.4
Total equity 850.5 544.6
Total liabilities and equity $ 2,682.9 $ 2,365.6