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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,080.2 $ 1,173.4
Accounts receivable, less allowance for credit losses of $24.9 at December 31, 2023 and $26.1 at December 31, 2022 1,472.4 1,565.7
Inventories 2,043.2 1,995.3
Prepaid expenses and other current assets 140.4 115.6
Income taxes receivable 35.6 36.6
Total current assets 4,771.8 4,886.6
Property, plant and equipment:    
Land 281.7 262.7
Buildings 1,510.9 1,359.3
Machinery and equipment 2,700.4 2,446.9
Accumulated depreciation (2,244.6) (2,094.3)
Property, plant and equipment, net 2,248.4 1,974.6
Operating lease right-of-use assets 231.6 216.4
Goodwill 2,111.1 2,105.9
Intangible assets, net 981.1 1,019.6
Cash surrender value of life insurance policies, net 43.8 42.0
Other long-term assets 92.5 84.8
Total assets 10,480.3 10,329.9 Close
Current liabilities:    
Accounts payable 410.3 412.4
Accrued expenses 118.5 118.8
Accrued compensation and retirement benefits 213.9 240.0
Accrued insurance costs 44.4 43.4
Current maturities of long-term debt and short-term borrowings 0.3 508.2
Current maturities of operating lease liabilities 56.2 52.5
Total current liabilities 843.6 1,375.3
Long-term debt 1,141.9 1,139.4
Operating lease liabilities 178.9 165.2
Long-term retirement benefits 25.1 26.1
Other long-term liabilities 64.0 51.4
Deferred income taxes 494.0 476.6
Total liabilities 2,747.5 3,234.0 Close
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-57,271 at December 31, 2023 and 58,787 at December 31, 2022 0.1 0.1
Retained earnings 7,798.9 7,173.6
Accumulated other comprehensive loss (76.7) (86.3)
Total Reliance stockholders' equity 7,722.3 7,087.4
Noncontrolling interests 10.5 8.5
Total equity 7,732.8 7,095.9 Close
Total liabilities and equity $ 10,480.3 $ 10,329.9