10-Q Filing

RELIANCE, INC. CIK: 861884 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-013124`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	rs-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 98 Income Statement 68 Cash Flow Statement 64 Stockholders Equity 34 Comprehensive Income 27

Balance Sheet 98 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$28.70M	USD	Point-in-time
Accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.10M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, Authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$816.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.17B	USD	Point-in-time
Accounts receivable, less allowance for credit losses of $28.7 at June 30, 2023 and $26.1 at December 31, 2022	`AccountsReceivableNetCurrent`	$1.57B	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for credit losses of $28.7 at June 30, 2023 and $26.1 at December 31, 2022	`AccountsReceivableNetCurrent`	$1.73B	USD	Point-in-time
Inventories	`InventoryNet`	$2.00B	USD	Point-in-time
Inventories	`InventoryNet`	$2.20B	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$115.60M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$109.80M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$36.60M	USD	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, Authorized shares	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	58.79M	shares	Point-in-time
Common stock, Issued shares	`CommonStockSharesIssued`	58.54M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.89B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.86B	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	58.54M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	58.79M	shares	Point-in-time
Land	`Land`	$262.70M	USD	Point-in-time
Land	`Land`	$270.00M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$1.43B	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$1.36B	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.58B	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.45B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.17B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.09B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.97B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.12B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$222.90M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$216.40M	USD	Point-in-time
Goodwill	`Goodwill`	$2.11B	USD	Point-in-time
Goodwill	`Goodwill`	$2.11B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.02B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.00B	USD	Point-in-time
Cash surrender value of life insurance policies, net	`CashSurrenderValueOfLifeInsurance`	$33.20M	USD	Point-in-time
Cash surrender value of life insurance policies, net	`CashSurrenderValueOfLifeInsurance`	$42.00M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$84.80M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$97.30M	USD	Point-in-time
Total assets	`Assets`	$10.44B	USD	Point-in-time
Total assets	`Assets`	$10.33B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$499.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$412.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$134.60M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$118.80M	USD	Point-in-time
Accrued compensation and retirement benefits	`EmployeeRelatedLiabilitiesCurrent`	$181.80M	USD	Point-in-time
Accrued compensation and retirement benefits	`EmployeeRelatedLiabilitiesCurrent`	$240.00M	USD	Point-in-time
Accrued insurance costs	`AccruedInsuranceCurrent`	$43.40M	USD	Point-in-time
Accrued insurance costs	`AccruedInsuranceCurrent`	$45.50M	USD	Point-in-time
Current maturities of long-term debt and short-term borrowings	`LongTermDebtCurrentAndShortTermDebt`	$300.00K	USD	Point-in-time
Current maturities of long-term debt and short-term borrowings	`LongTermDebtCurrentAndShortTermDebt`	$508.20M	USD	Point-in-time
Current maturities of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$54.60M	USD	Point-in-time
Current maturities of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$52.50M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$21.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.38B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$937.80M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.14B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.14B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$165.20M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$170.00M	USD	Point-in-time
Long-term retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$26.10M	USD	Point-in-time
Long-term retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$30.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$59.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$51.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$476.60M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$476.30M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value: 5,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value: 5,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
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	`CommonStocksIncludingAdditionalPaidInCapital`	$100.00K	USD	Point-in-time
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	`CommonStocksIncludingAdditionalPaidInCapital`	$100.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.70B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.17B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-86.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-86.60M	USD	Point-in-time
Total Reliance stockholders' equity	`StockholdersEquity`	$7.09B	USD	Point-in-time
Total Reliance stockholders' equity	`StockholdersEquity`	$7.62B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$8.50M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$9.90M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.86B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.09B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.63B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.54B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.10B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.44B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.33B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.85B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.68B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$9.17B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.88B	USD	1 Quarter
Cost of sales (exclusive of depreciation and amortization shown below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$5.40B	USD	2 Qtrs
Cost of sales (exclusive of depreciation and amortization shown below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$3.19B	USD	1 Quarter
Cost of sales (exclusive of depreciation and amortization shown below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$2.66B	USD	1 Quarter
Cost of sales (exclusive of depreciation and amortization shown below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$6.28B	USD	2 Qtrs
Warehouse, delivery, selling, general and administrative ("SG&A")	`SellingGeneralAndAdministrativeExpense`	$1.30B	USD	2 Qtrs
Warehouse, delivery, selling, general and administrative ("SG&A")	`SellingGeneralAndAdministrativeExpense`	$650.60M	USD	1 Quarter
Warehouse, delivery, selling, general and administrative ("SG&A")	`SellingGeneralAndAdministrativeExpense`	$1.26B	USD	2 Qtrs
Warehouse, delivery, selling, general and administrative ("SG&A")	`SellingGeneralAndAdministrativeExpense`	$648.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$118.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$121.90M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$60.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$59.30M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$3.89B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$6.82B	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$7.66B	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$3.37B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$511.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.50B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.02B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$787.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$20.60M	USD	2 Qtrs
Interest expense	`InterestExpense`	$31.20M	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.60M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$9.30M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-12.60M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$15.10M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-9.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.46B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$762.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$510.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.02B	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$188.70M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$361.30M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$124.60M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$248.70M	USD	2 Qtrs
Net income	`ProfitLoss`	$1.10B	USD	2 Qtrs
Net income	`ProfitLoss`	$770.70M	USD	2 Qtrs
Net income	`ProfitLoss`	$573.90M	USD	1 Quarter
Net income	`ProfitLoss`	$386.30M	USD	1 Quarter
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.50M	USD	2 Qtrs
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.20M	USD	1 Quarter
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.40M	USD	2 Qtrs
Less: net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.10M	USD	1 Quarter
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$385.10M	USD	1 Quarter
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.10B	USD	2 Qtrs
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$572.80M	USD	1 Quarter
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$768.20M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$13.07	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$6.56	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$9.29	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$17.75	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$9.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$6.49	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$12.92	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$17.49	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	58.76M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.66M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.74M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	58.69M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.59M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	59.35M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.69M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	59.44M	shares	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.10B	USD	2 Qtrs
Net income	`ProfitLoss`	$770.70M	USD	2 Qtrs
Net income	`ProfitLoss`	$573.90M	USD	1 Quarter
Net income	`ProfitLoss`	$386.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$118.40M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$121.90M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$60.80M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$59.30M	USD	1 Quarter
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$3.80M	USD	2 Qtrs
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$6.60M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$31.60M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$29.80M	USD	2 Qtrs
Net loss on life insurance policies and deferred compensation plan assets	`NetGainLossOnLifeInsurancePoliciesAndDeferredCompensationPlanAssets`	$15.40M	USD	2 Qtrs
Net loss on life insurance policies and deferred compensation plan assets	`NetGainLossOnLifeInsurancePoliciesAndDeferredCompensationPlanAssets`	$4.00M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$5.60M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-2.40M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$380.60M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$163.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$202.10M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$291.20M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-71.10M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.20M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$45.70M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$47.60M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$679.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$674.20M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$24.10M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$154.20M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$233.10M	USD	2 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.40M	USD	2 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.20M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$4.40M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$7.20M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-149.40M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-255.00M	USD	2 Qtrs
Net short-term debt repayments	`ProceedsFromRepaymentsOfShortTermDebt`	$-2.20M	USD	2 Qtrs
Net short-term debt repayments	`ProceedsFromRepaymentsOfShortTermDebt`	$-800.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$505.70M	USD	2 Qtrs
Cash dividends and dividend equivalents	`PaymentsOfOrdinaryDividendsCommonStockAndDividendEquivalents`	$110.60M	USD	2 Qtrs
Cash dividends and dividend equivalents	`PaymentsOfOrdinaryDividendsCommonStockAndDividendEquivalents`	$120.60M	USD	2 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$112.80M	USD	2 Qtrs
Share repurchases	`PaymentsForRepurchaseOfCommonStock`	$211.00M	USD	2 Qtrs
Taxes paid related to net share settlement of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$37.30M	USD	2 Qtrs
Taxes paid related to net share settlement of restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$17.10M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.80M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$23.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-316.50M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-780.40M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-4.30M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.40M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-357.10M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$204.00M	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$816.30M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$504.50M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$300.50M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$816.30M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$504.50M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$300.50M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	USD	Point-in-time
Interest paid during the period	`InterestPaidNet`	$30.30M	USD	2 Qtrs
Interest paid during the period	`InterestPaidNet`	$23.70M	USD	2 Qtrs
Income taxes paid during the period, net	`IncomeTaxesPaidNet`	$191.00M	USD	2 Qtrs
Income taxes paid during the period, net	`IncomeTaxesPaidNet`	$427.20M	USD	2 Qtrs

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$2.00	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.88	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.75	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.00	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.86B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.09B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.63B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.54B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.35B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.10B	USD	Point-in-time
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$385.10M	USD	1 Quarter
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.10B	USD	2 Qtrs
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$572.80M	USD	1 Quarter
Net income attributable to Reliance	`NetIncomeLossAvailableToCommonStockholdersBasic`	$768.20M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-20.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-19.40M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-100.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-300.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.50M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.40M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.20M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$193.90M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$73.90M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$17.10M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$38.90M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$112.80M	USD	2 Qtrs
Repurchase of common shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$211.00M	USD	2 Qtrs
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.86B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.09B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.63B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.54B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.35B	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.10B	USD	Point-in-time

Comprehensive Income 27 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.10B	USD	2 Qtrs
Net income	`ProfitLoss`	$770.70M	USD	2 Qtrs
Net income	`ProfitLoss`	$573.90M	USD	1 Quarter
Net income	`ProfitLoss`	$386.30M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.20M	USD	2 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.00M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.30M	USD	2 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$700.00K	USD	1 Quarter
Postretirement benefit plan adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$1.50M	USD	2 Qtrs
Postretirement benefit plan adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$100.00K	USD	2 Qtrs
Postretirement benefit plan adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$800.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-20.00M	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-19.40M	USD	2 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-100.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-300.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.08B	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$770.40M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$386.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$553.90M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.10M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.50M	USD	2 Qtrs
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.40M	USD	2 Qtrs
Less: comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.20M	USD	1 Quarter
Comprehensive income attributable to Reliance	`ComprehensiveIncomeNetOfTax`	$552.80M	USD	1 Quarter
Comprehensive income attributable to Reliance	`ComprehensiveIncomeNetOfTax`	$385.00M	USD	1 Quarter
Comprehensive income attributable to Reliance	`ComprehensiveIncomeNetOfTax`	$767.90M	USD	2 Qtrs
Comprehensive income attributable to Reliance	`ComprehensiveIncomeNetOfTax`	$1.08B	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.