Revenue

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue

15. Revenue

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

	Three Months (13 Weeks) Ended September 30, 2023								Nine Months (39 Weeks) Ended September 30, 2023
	Steel Mills		Steel Products		Raw Materials		Total		Steel Mills		Steel Products		Raw Materials		Total
Sheet	$	2,351,705	$	-	$	-	$	2,351,705	$	7,100,216	$	-	$	-	$	7,100,216
Bar		1,448,433		-		-		1,448,433		4,646,285		-		-		4,646,285
Structural		626,633		-		-		626,633		1,846,892		-		-		1,846,892
Plate		664,708		-		-		664,708		2,043,115		-		-		2,043,115
Tubular Products		-		370,472		-		370,472		-		1,246,006		-		1,246,006
Rebar Fabrication		-		604,684		-		604,684		-		1,718,615		-		1,718,615
Joist		-		528,018		-		528,018		-		1,802,809		-		1,802,809
Deck		-		411,352		-		411,352		-		1,370,570		-		1,370,570
Other Steel Products		-		1,321,443		-		1,321,443		-		3,816,828		-		3,816,828
Raw Materials		-		-		448,286		448,286		-		-		1,417,634		1,417,634
	$	5,091,479	$	3,235,969	$	448,286	$	8,775,734	$	15,636,508	$	9,954,828	$	1,417,634	$	27,008,970

	Three Months (13 Weeks) Ended October 1, 2022								Nine Months (39 Weeks) Ended October 1, 2022
	Steel Mills		Steel Products		Raw Materials		Total		Steel Mills		Steel Products		Raw Materials		Total
Sheet	$	2,712,426	$	-	$	-	$	2,712,426	$	9,511,822	$	-	$	-	$	9,511,822
Bar		1,761,335		-		-		1,761,335		5,581,529		-		-		5,581,529
Structural		785,930		-		-		785,930		2,352,322		-		-		2,352,322
Plate		648,462		-		-		648,462		2,237,156		-		-		2,237,156
Tubular Products		-		459,427		-		459,427		-		1,583,818		-		1,583,818
Rebar Fabrication		-		628,923		-		628,923		-		1,653,155		-		1,653,155
Joist		-		789,249		-		789,249		-		2,089,366		-		2,089,366
Deck		-		634,901		-		634,901		-		1,768,224		-		1,768,224
Other Steel Products		-		1,574,607		-		1,574,607		-		4,158,580		-		4,158,580
Raw Materials		-		-		505,495		505,495		-		-		1,852,539		1,852,539
	$	5,908,153	$	4,087,107	$	505,495	$	10,500,755	$	19,682,829	$	11,253,143	$	1,852,539	$	32,788,511

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 $333.5 million as of September 30, 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.