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Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Change in Net Carrying Amount of Goodwill by Segment | The change in the net carrying amount of goodwill for the three months ended April 1, 2023 by segment was as follows (in thousands):
|  | Steel Mills |  |  | Steel Products |  |  | Raw Materials |  |  | Total |
Balance at December 31, 2022 |  | $ | 675,186 |  |  | $ | 2,510,045 |  |  | $ | 734,829 |  |  | $ | 3,920,060 |
Acquisitions |  |  | - |  |  |  | (3,740 | ) |  |  | - |  |  |  | (3,740 | )
Translation |  |  | - |  |  |  | (1,412 | ) |  |  | - |  |  |  | (1,412 | )
Balance at April 1, 2023 |  | $ | 675,186 |  |  | $ | 2,504,893 |  |  | $ | 734,829 |  |  | $ | 3,914,908 |
Schedule of Intangible Assets | Intangible assets with estimated useful lives of five to 25 years are amortized on a straight-line or accelerated basis and consisted of the following as of April 1, 2023 and December 31, 2022 (in thousands):
|  | April 1, 2023 |  |  | December 31, 2022 |
|  | Gross Amount |  |  | Accumulated Amortization |  |  | Gross Amount |  |  | Accumulated Amortization |
Customer relationships |  | $ | 4,174,632 |  |  | $ | 1,139,923 |  |  | $ | 4,174,724 |  |  | $ | 1,087,834 |
Trademarks and trade names |  |  | 364,087 |  |  |  | 148,032 |  |  |  | 364,106 |  |  |  | 142,363 |
Other |  |  | 109,746 |  |  |  | 97,125 |  |  |  | 109,746 |  |  |  | 96,114 |
|  | $ | 4,648,465 |  |  | $ | 1,385,080 |  |  | $ | 4,648,576 |  |  | $ | 1,326,311 |

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