Revenue

9 Months Ended

Sep. 28, 2024

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 2024 and 2023 (in thousands):

	Three Months (13 Weeks) Ended September 28, 2024								Nine Months (39 Weeks) Ended September 28, 2024
	Steel Mills		Steel Products		Raw Materials		Total		Steel Mills		Steel Products		Raw Materials		Total
Sheet	$	2,196,380	$	-	$	-	$	2,196,380	$	7,302,649	$	-	$	-	$	7,302,649
Bar		1,263,897		-		-		1,263,897		3,960,110		-		-		3,960,110
Structural		534,931		-		-		534,931		1,704,945		-		-		1,704,945
Plate		464,301		-		-		464,301		1,518,788		-		-		1,518,788
Tubular Products		-		291,425		-		291,425		-		1,004,884		-		1,004,884
Rebar Fabrication		-		487,093		-		487,093		-		1,361,759		-		1,361,759
Joist		-		274,903		-		274,903		-		944,227		-		944,227
Deck		-		242,356		-		242,356		-		770,423		-		770,423
Building Systems		-		341,965		-		341,965		-		1,016,497		-		1,016,497
Other Steel Products		-		858,418		-		858,418		-		2,618,014		-		2,618,014
Raw Materials		-		-		488,491		488,491		-		-		1,456,119		1,456,119
	$	4,459,509	$	2,496,160	$	488,491	$	7,444,160	$	14,486,492	$	7,715,804	$	1,456,119	$	23,658,415

	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
Building Systems		-		392,658		-		392,658		-		1,017,706		-		1,017,706
Other Steel Products		-		928,785		-		928,785		-		2,799,122		-		2,799,122
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

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 $207.6 million as of September 28, 2024 ($313.8 million as of December 31, 2023) and are included in accrued expenses and other current liabilities in the condensed consolidated balance sheets.