Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Information

Schedule of sales, by products or services

	2024		2023		2022
Carbon steel	53	%	53	%	54	%
Aluminum	16		16		15
Stainless steel	14		15		17
Alloy	5		5		4
Toll processing and logistics	4		4		3
Copper and brass	2		2		2
Miscellaneous	6		5		5
Total	100	%	100	%	100	%

Schedule of segment revenue, profit or loss, significant expenses and other quantitative profit or loss information

	Metals Service Centers Segment
	Year Ended December 31,
	2024		2023		2022
	(in millions)
Revenues	$	13,835.0	$	14,805.9	$	17,025.0
Less:
Cost of sales (exclusive of depreciation and amortization shown below)		9,728.4		10,258.6		11,773.7
Compensation expense		1,614.8		1,557.8		1,537.3
Other segment items(a)		1,031.2		963.3		981.1
Depreciation and amortization expense		268.7		245.4		240.2
Impairment		11.7		—		—
Interest expense		40.3		40.1		62.3
Income tax provision		261.9		400.6		586.2
Segment net income		878.0		1,340.1		1,844.2
Reconciliation
Adjustments and reconciling items		—		—		—
Consolidated net income	$	878.0	$	1,340.1	$	1,844.2
Other Segment Disclosures:
Purchases of property, plant and equipment	$	430.6	$	468.8	$	341.8

(a) Other segment items included in Segment net income mainly includes warehousing and delivery related expenses, which include among others, 3^rd party freight, gas and oil, utilities & rent, plant supplies, and repairs and maintenance.

Summary of the Company's operations by geographic location based on where sales originated from

	United States		Foreign Countries		Total
	(in millions)
Year Ended December 31, 2024:
Net sales	$	12,933.9	$	901.1	$	13,835.0
Long-lived assets		5,708.9		417.4		6,126.3
Year Ended December 31, 2023:
Net sales		13,786.8		1,019.1		14,805.9
Long-lived assets		5,288.4		420.1		5,708.5
Year Ended December 31, 2022:
Net sales		15,978.6		1,046.4		17,025.0
Long-lived assets		5,051.9		391.4		5,443.3