XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 976.9 $ 1,173.4
Accounts receivable, less allowance for credit losses of $27.1 at September 30, 2023 and $26.1 at December 31, 2022 1,666.3 1,565.7
Inventories 2,110.2 1,995.3
Prepaid expenses and other current assets 104.7 115.6
Income taxes receivable 1.0 36.6
Total current assets 4,859.1 4,886.6
Property, plant and equipment:    
Land 281.6 262.7
Buildings 1,469.3 1,359.3
Machinery and equipment 2,645.9 2,446.9
Accumulated depreciation (2,207.8) (2,094.3)
Property, plant and equipment, net 2,189.0 1,974.6
Operating lease right-of-use assets 227.7 216.4
Goodwill 2,108.7 2,105.9
Intangible assets, net 990.1 1,019.6
Cash surrender value of life insurance policies, net 28.0 42.0
Other assets 90.3 84.8
Total assets 10,492.9 10,329.9
Current liabilities:    
Accounts payable 445.4 412.4
Accrued expenses 130.3 118.8
Accrued compensation and retirement benefits 203.3 240.0
Accrued insurance costs 43.7 43.4
Current maturities of long-term debt and short-term borrowings 0.3 508.2
Current maturities of operating lease liabilities 55.7 52.5
Total current liabilities 878.7 1,375.3
Long-term debt 1,141.6 1,139.4
Operating lease liabilities 174.7 165.2
Long-term retirement benefits 30.4 26.1
Other long-term liabilities 56.8 51.4
Deferred income taxes 475.5 476.6
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-58,090 at September 30, 2023 and 58,787 at December 31, 2022 0.1 0.1
Retained earnings 7,823.6 7,173.6
Accumulated other comprehensive loss (99.4) (86.3)
Total Reliance stockholders' equity 7,724.3 7,087.4
Noncontrolling interests 10.9 8.5
Total equity 7,735.2 7,095.9
Total liabilities and equity $ 10,492.9 $ 10,329.9