CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 145.4	$ 154.4
Accounts receivable, less allowance for doubtful accounts of $18.4 at March 31, 2018 and $15.5 at December 31, 2017	1,323.7	1,087.3
Inventories	1,902.9	1,726.0
Prepaid expenses and other current assets	65.6	80.7
Income taxes receivable		2.9
Total current assets	3,437.6	3,051.3
Property, plant and equipment:
Land	229.5	229.7
Buildings	1,106.6	1,095.3
Machinery and equipment	1,765.4	1,738.6
Accumulated depreciation	(1,447.2)	(1,407.3)
Property, plant and equipment, net	1,654.3	1,656.3
Goodwill	1,850.4	1,842.6
Intangible assets, net	1,115.5	1,112.1
Cash surrender value of life insurance policies, net	44.3	47.8
Other assets	45.8	40.9
Total assets	8,147.9	7,751.0
Current liabilities:
Accounts payable	483.9	346.7
Accrued expenses	91.5	83.6
Accrued compensation and retirement costs	108.4	139.3
Accrued insurance costs	48.3	42.1
Current maturities of long-term debt and short-term borrowings	101.2	92.0
Income taxes payable	40.8
Total current liabilities	874.1	703.7
Long-term debt	1,947.1	1,809.4
Long-term retirement costs	87.0	85.4
Other long-term liabilities	14.3	11.8
Deferred income taxes	441.8	440.8
Commitments and contingencies
Equity:
Preferred stock, $0.001 par value: Authorized shares — 5,000,000 None issued or outstanding
Common stock and additional paid-in capital, $0.001 par value: Authorized shares — 200,000,000 Issued and outstanding shares – 72,342,804 at March 31, 2018 and 72,609,540 at December 31, 2017	549.1	594.6
Retained earnings	4,275.9	4,144.1
Accumulated other comprehensive loss	(74.5)	(71.6)
Total Reliance stockholders' equity	4,750.5	4,667.1
Noncontrolling interests	33.1	32.8
Total equity	4,783.6	4,699.9
Total liabilities and equity	$ 8,147.9	$ 7,751.0