Revenue

6 Months Ended

Jul. 01, 2023

Revenue from Contract with Customer [Abstract]

Revenue

15. Revenue

The following tables disaggregate our revenue by major source for the second quarter and first six months of 2023 and 2022 (in thousands):

	Three Months (13 Weeks) Ended July 1, 2023								Six Months (26 Weeks) Ended July 1, 2023
	Steel Mills		Steel Products		Raw Materials		Total		Steel Mills		Steel Products		Raw Materials		Total
Sheet	$	2,645,817	$	-	$	-	$	2,645,817	$	4,748,511	$	-	$	-	$	4,748,511
Bar		1,599,724		-		-		1,599,724		3,197,852		-		-		3,197,852
Structural		581,952		-		-		581,952		1,220,259		-		-		1,220,259
Plate		738,279		-		-		738,279		1,378,407		-		-		1,378,407
Tubular Products		-		436,551		-		436,551		-		875,534		-		875,534
Rebar Fabrication		-		615,814		-		615,814		-		1,113,931		-		1,113,931
Joist		-		638,975		-		638,975		-		1,274,791		-		1,274,791
Deck		-		473,775		-		473,775		-		959,218		-		959,218
Other Steel Products		-		1,277,747		-		1,277,747		-		2,495,385		-		2,495,385
Raw Materials		-		-		514,622		514,622		-		-		969,348		969,348
	$	5,565,772	$	3,442,862	$	514,622	$	9,523,256	$	10,545,029	$	6,718,859	$	969,348	$	18,233,236

	Three Months (13 Weeks) Ended July 2, 2022								Six Months (26 Weeks) Ended July 2, 2022
	Steel Mills		Steel Products		Raw Materials		Total		Steel Mills		Steel Products		Raw Materials		Total
Sheet	$	3,616,333	$	-	$	-	$	3,616,333	$	6,799,396	$	-	$	-	$	6,799,396
Bar		1,992,463		-		-		1,992,463		3,820,194		-		-		3,820,194
Structural		783,121		-		-		783,121		1,566,392		-		-		1,566,392
Plate		864,150		-		-		864,150		1,588,694		-		-		1,588,694
Tubular Products		-		613,238		-		613,238		-		1,124,391		-		1,124,391
Rebar Fabrication		-		579,000		-		579,000		-		1,024,232		-		1,024,232
Joist		-		687,882		-		687,882		-		1,300,117		-		1,300,117
Deck		-		582,414		-		582,414		-		1,133,323		-		1,133,323
Other Steel Products		-		1,380,414		-		1,380,414		-		2,583,973		-		2,583,973
Raw Materials		-		-		695,459		695,459		-		-		1,347,044		1,347,044
	$	7,256,067	$	3,842,948	$	695,459	$	11,794,474	$	13,774,676	$	7,166,036	$	1,347,044	$	22,287,756

Contract liabilities are primarily related to deferred revenue resulting from cash payments received in advance from customers to protect against credit risk. Contract liabilities totaled $350.5 million as of July 1, 2023 ($285.0 million as of December 31, 2022) and are included in accrued expenses and other current liabilities in the condensed consolidated balance sheets.