Related Parties

12 Months Ended

Dec. 31, 2022

Related Party Transactions [Abstract]

Related Parties

NOTE 26. RELATED PARTIES

For some customers, we purchase grid products from WAVE, our 50%-owned joint venture with Worthington, for resale to customers. The total amount of these purchases was $34.5 million in 2022, $27.9 million in 2021 and $21.5 million in 2020. We also provide certain selling, promotional and administrative processing services to WAVE for which we receive reimbursement. Those services amounted to $29.1 million in 2022, $21.6 million in 2021, and $20.7 million in 2020. The net amount due to WAVE from us for all of our relationships was $5.3 million as of December 31, 2022 and $4.3 million as of December 31, 2021. See Note 11 to the Consolidated Financial Statements for additional information.