CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 222.7	$ 174.3
Accounts receivable, less allowance for credit losses of $22.4 at June 30, 2020 and $17.8 at December 31, 2019	922.5	1,067.8
Inventories	1,492.6	1,645.7
Prepaid expenses and other current assets	88.9	85.2
Income taxes receivable		37.2
Total current assets	2,726.7	3,010.2
Property, plant and equipment:
Land	256.7	239.8
Buildings	1,215.8	1,195.1
Machinery and equipment	2,075.2	2,044.4
Accumulated depreciation	(1,738.4)	(1,684.1)
Property, plant and equipment, net	1,809.3	1,795.2
Operating lease right-of-use assets	200.5	201.5
Goodwill	1,923.7	2,003.8
Intangible assets, net	974.3	1,031.1
Cash surrender value of life insurance policies, net	33.2	42.7
Other assets	56.4	46.6
Total assets	7,724.1	8,131.1
Current liabilities:
Accounts payable	247.1	275.0
Accrued expenses	76.8	67.4
Accrued compensation and retirement costs	135.1	172.1
Accrued insurance costs	45.2	43.4
Current maturities of long-term debt and short-term borrowings	64.9	64.9
Current maturities of operating lease liabilities	51.7	52.5
Income taxes payable	21.2
Total current liabilities	642.0	675.3
Long-term debt	1,426.9	1,523.6
Operating lease liabilities	149.6	149.5
Long-term retirement costs	85.9	87.0
Other long-term liabilities	21.9	12.3
Deferred income taxes	436.3	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 - 63,654 at June 30, 2020 and 66,854 at December 31, 2019	9.1	122.2
Retained earnings	5,068.9	5,189.5
Accumulated other comprehensive loss	(124.1)	(105.1)
Total Reliance stockholders' equity	4,953.9	5,206.6
Noncontrolling interests	7.6	7.5
Total equity	4,961.5	5,214.1
Total liabilities and equity	$ 7,724.1	$ 8,131.1