CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 816.3	$ 1,173.4
Accounts receivable, less allowance for credit losses of $28.7 at June 30, 2023 and $26.1 at December 31, 2022	1,729.9	1,565.7
Inventories	2,202.3	1,995.3
Prepaid expenses and other current assets	109.8	115.6
Income taxes receivable		36.6
Total current assets	4,858.3	4,886.6
Property, plant and equipment:
Land	270.0	262.7
Buildings	1,434.9	1,359.3
Machinery and equipment	2,578.9	2,446.9
Accumulated depreciation	(2,167.7)	(2,094.3)
Property, plant and equipment, net	2,116.1	1,974.6
Operating lease right-of-use assets	222.9	216.4
Goodwill	2,109.8	2,105.9
Intangible assets, net	1,002.8	1,019.6
Cash surrender value of life insurance policies, net	33.2	42.0
Other assets	97.3	84.8
Total assets	10,440.4	10,329.9
Current liabilities:
Accounts payable	499.8	412.4
Accrued expenses	134.6	118.8
Accrued compensation and retirement benefits	181.8	240.0
Accrued insurance costs	45.5	43.4
Current maturities of long-term debt and short-term borrowings	0.3	508.2
Current maturities of operating lease liabilities	54.6	52.5
Income taxes payable	21.2
Total current liabilities	937.8	1,375.3
Long-term debt	1,140.9	1,139.4
Operating lease liabilities	170.0	165.2
Long-term retirement benefits	30.6	26.1
Other long-term liabilities	59.3	51.4
Deferred income taxes	476.3	476.6
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-58,536 at June 30, 2023 and 58,787 at December 31, 2022	0.1	0.1
Retained earnings	7,702.1	7,173.6
Accumulated other comprehensive loss	(86.6)	(86.3)
Total Reliance stockholders' equity	7,615.6	7,087.4
Noncontrolling interests	9.9	8.5
Total equity	7,625.5	7,095.9
Total liabilities and equity	$ 10,440.4	$ 10,329.9