CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 174.3	$ 128.2
Accounts receivable, less allowance for doubtful accounts of $17.8 at December 31, 2019 and $18.8 at December 31, 2018	1,067.8	1,242.3
Inventories	1,645.7	1,817.1
Prepaid expenses and other current assets	85.2	81.5
Income taxes receivable	37.2	15.9
Total current assets	3,010.2	3,285.0
Property, plant and equipment:
Land	239.8	233.9
Buildings	1,195.1	1,158.9
Machinery and equipment	2,044.4	1,880.1
Accumulated depreciation	(1,684.1)	(1,543.0)
Property, plant and equipment, net	1,795.2	1,729.9
Operating lease right-of-use assets	201.5
Goodwill	2,003.8	1,870.8
Intangible assets, net	1,031.1	1,072.0
Cash surrender value of life insurance policies, net	42.7	43.6
Other assets	46.6	43.6
Total assets	8,131.1	8,044.9
Current liabilities:
Accounts payable	275.0	338.8
Accrued expenses	67.4	77.4
Accrued compensation and retirement costs	172.1	174.8
Accrued insurance costs	43.4	42.9
Current maturities of long-term debt and short-term borrowings	64.9	65.2
Current maturities of operating lease liabilities	52.5
Total current liabilities	675.3	699.1
Long-term debt	1,523.6	2,138.5
Operating lease liabilities	149.5
Long-term retirement costs	87.0	71.8
Other long-term liabilities	12.3	15.9
Deferred income taxes	469.3	440.1
Commitments and contingencies
Equity:
Preferred stock, $0.001 par value: Authorized shares - 5,000 None issued or outstanding
Common stock and additional paid-in capital, $0.001 par value: Authorized shares - 200,000 Issued and outstanding shares - 66,854 at December 31, 2019 and 66,882 at December 31, 2018	122.2	136.4
Retained earnings	5,189.5	4,637.9
Accumulated other comprehensive loss	(105.1)	(102.7)
Total Reliance stockholders' equity	5,206.6	4,671.6
Noncontrolling interests	7.5	7.9
Total equity	5,214.1	4,679.5
Total liabilities and equity	$ 8,131.1	$ 8,044.9