XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 643.7 $ 300.5
Accounts receivable, less allowance for credit losses of $29.4 at September 30, 2022 and $26.7 at December 31, 2021 1,856.9 1,683.0
Inventories 2,175.8 2,065.0
Prepaid expenses and other current assets 87.3 111.6
Income taxes receivable 47.5  
Total current assets 4,811.2 4,160.1
Property, plant and equipment:    
Land 260.8 260.1
Buildings 1,338.1 1,285.0
Machinery and equipment 2,385.0 2,241.4
Accumulated depreciation (2,054.1) (1,949.7)
Property, plant and equipment, net 1,929.8 1,836.8
Operating lease right-of-use assets 217.6 224.6
Goodwill 2,103.9 2,107.6
Intangible assets, net 1,030.4 1,077.7
Cash surrender value of life insurance policies, net 26.9 44.9
Other assets 82.4 84.3
Total assets 10,202.2 9,536.0
Current liabilities:    
Accounts payable 481.6 453.9
Accrued expenses 160.4 148.2
Accrued compensation and retirement costs 234.9 294.0
Accrued insurance costs 39.5 41.0
Current maturities of long-term debt and short-term borrowings 509.5 5.0
Current maturities of operating lease liabilities 53.3 58.6
Income taxes payable   64.3
Total current liabilities 1,479.2 1,065.0
Long-term debt 1,138.8 1,642.0
Operating lease liabilities 165.2 162.5
Deferred compensation and retirement costs 74.1 81.0
Other long-term liabilities 8.9 7.0
Deferred income taxes 480.5 484.8
Commitments and contingencies
Equity:    
Preferred stock, $0.001 par value: 5,000 shares authorized; none issued or outstanding
Common stock and additional paid-in capital, $0.001 par value and 200,000 shares authorized, Issued and outstanding shares-59,022 at September 30, 2022 and 61,806 at December 31, 2021 0.1 0.1
Retained earnings 6,960.5 6,155.3
Accumulated other comprehensive loss (113.9) (68.9)
Total Reliance stockholders' equity 6,846.7 6,086.5
Noncontrolling interests 8.8 7.2
Total equity 6,855.5 6,093.7
Total liabilities and equity $ 10,202.2 $ 9,536.0