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

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

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

NOTE 11: STOCKHOLDERS’ EQUITY (DEFICIT), ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS), AND NONCONTROLLING INTEREST

The following table details changes in Ryerson Holding Corporation Stockholders’ Equity (Deficit) accounts for the first quarter ended March 31, 2020:

														Accumulated Other Comprehensive Income (Loss)
	Common Stock				Treasury Stock					Capital in Excess of Par Value		Retained Earnings		Foreign Currency Translation			Benefit Plan Liabilities			Cash Flow Hedge- 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, 2020		37,996	$	0.4		213	$	(6.6	)	$	381.2	$	99.6	$	(48.6	)	$	(253.1	)	$	(0.3	)	$	6.0	$	178.6
Net income		—		—		—		—			—		16.4		—			—			—			—		16.4
Foreign currency translation		—		—		—		—			—		—		(8.5	)		—			—			—		(8.5	)
Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.6		—		—		—		—			—		—		—			1.8			—			—		1.8
Stock-based compensation expense		—		—		—		—			0.6		—		—			—			—			—		0.6
Cash flow hedge - interest rate swap, net of tax of $1.2		—		—		—		—			—		—		—			—			(3.5	)		—		(3.5	)
Balance at March 31, 2020		37,996	$	0.4		213	$	(6.6	)	$	381.8	$	116.0	$	(57.1	)	$	(251.3	)	$	(3.8	)	$	6.0	$	185.4

The following table details changes in Ryerson Holding Corporation Stockholders’ Equity (Deficit) accounts for the first quarter ended March 31, 2019:

														Accumulated Other Comprehensive Income (Loss)
	Common Stock				Treasury Stock					Capital in Excess of Par Value		Retained Earnings		Foreign Currency Translation			Benefit Plan Liabilities			Cash Flow Hedge- 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, 2019		37,656	$	0.4		213	$	(6.6	)	$	381.0	$	14.2	$	(52.8	)	$	(264.0	)	$	1.0		$	2.7	$	75.9
Net income		—		—		—		—			—		29.5		—			—			—			0.1		29.6
Foreign currency translation		—		—		—		—			—		—		2.9			—			—			0.1		3.0
Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.3		—		—		—		—			—		—		—			0.9			—			—		0.9
Adoption of accounting principal ASC 842, net of tax of $1.1		—		—		—		—			—		3.0		—			—			—			—		3.0
Stock-based compensation expense		10		—		—		—			0.8		—		—			—			—			—		0.8
Cash flow hedge - interest rate swap, net of tax of $0.1		—		—		—		—			—		—		—			—			(0.4	)		—		(0.4	)
Balance at March 31, 2019		37,666	$	0.4		213	$	(6.6	)	$	381.8	$	46.7	$	(49.9	)	$	(263.1	)	$	0.6		$	2.9	$	112.8

The following table details changes in accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2020:

	Changes in Accumulated Other Comprehensive Income (Loss) by Component, net of tax
	Foreign Currency Translation			Benefit Plan Liabilities			Cash Flow Hedge - Interest Rate Swap
	(In millions)
Balance at January 1, 2020	$	(48.6	)	$	(253.1	)	$	(0.3	)
Other comprehensive income (loss) before reclassifications		(8.5	)		—			(3.6	)
Amounts reclassified from accumulated other comprehensive income into net income		—			1.8			0.1
Net current-period other comprehensive income (loss)		(8.5	)		1.8			(3.5	)
Balance at March 31, 2020	$	(57.1	)	$	(251.3	)	$	(3.8	)

The following table details the reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2020 and March 31, 2019:

	Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
	Amount reclassified from Accumulated
	Other Comprehensive Income (Loss)
	Three Months Ended						Affected line item in the Consolidated
Details about Accumulated Other	March 31, 2020			March 31, 2019			Statements of
Comprehensive Income (Loss) Components	(In millions)						Operations / Consolidated Balance Sheets
Amortization of defined benefit pension and other post-retirement benefit plan items
Actuarial loss	$	2.5		$	1.8		Other income and (expense), net
Pension settlement		0.4			0.1		Other income and (expense), net
Prior service credits		(0.5	)		(0.7	)	Other income and (expense), net
Total before tax		2.4			1.2
Tax provision		(0.6	)		(0.3	)
Net of tax	$	1.8		$	0.9
Cash flow hedge - interest rate swap
Realized swap interest	$	0.1		$	(0.3	)	Interest and other expense on debt
Tax benefit		—			0.1
Net of tax	$	0.1		$	(0.2	)