CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 172.1	$ 174.3
Accounts receivable, less allowance for doubtful accounts of $20.6 at March 31, 2020 and $17.8 at December 31, 2019	1,216.1	1,067.8
Inventories	1,630.0	1,645.7
Prepaid expenses and other current assets	68.2	85.2
Income taxes receivable		37.2
Total current assets	3,086.4	3,010.2
Property, plant and equipment:
Land	239.5	239.8
Buildings	1,211.5	1,195.1
Machinery and equipment	2,062.5	2,044.4
Accumulated depreciation	(1,721.8)	(1,684.1)
Property, plant and equipment, net	1,791.7	1,795.2
Operating lease right-of-use assets	201.5	201.5
Goodwill	1,998.8	2,003.8
Intangible assets, net	928.0	1,031.1
Cash surrender value of life insurance policies, net	35.2	42.7
Other assets	43.9	46.6
Total assets	8,085.5	8,131.1
Current liabilities:
Accounts payable	347.0	275.0
Accrued expenses	85.8	67.4
Accrued compensation and retirement costs	127.9	172.1
Accrued insurance costs	46.5	43.4
Current maturities of long-term debt and short-term borrowings	64.8	64.9
Current maturities of operating lease liabilities	52.4	52.5
Income taxes payable	11.2
Total current liabilities	735.6	675.3
Long-term debt	1,772.3	1,523.6
Operating lease liabilities	149.7	149.5
Long-term retirement costs	81.2	87.0
Other long-term liabilities	12.6	12.3
Deferred income taxes	434.8	469.3
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 - 63,641 at March 31, 2020 and 66,854 at December 31, 2019	0.1	122.2
Retained earnings	5,028.6	5,189.5
Accumulated other comprehensive loss	(136.5)	(105.1)
Total Reliance stockholders' equity	4,892.2	5,206.6
Noncontrolling interests	7.1	7.5
Total equity	4,899.3	5,214.1
Total liabilities and equity	$ 8,085.5	$ 8,131.1