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Revenue | 3 Months Ended
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Apr. 01, 2023
Revenue from Contract with Customer [Abstract] |
Revenue | 15. Revenue The following tables disaggregate our revenue by major source for the first quarter of 2023 and 2022 (in thousands):
|  | Three Months (13 Weeks) Ended April 1, 2023 |
|  | Steel Mills |  |  | Steel Products |  |  | Raw Materials |  |  | Total |
Sheet |  | $ | 2,102,694 |  |  | $ | - |  |  | $ | - |  |  | $ | 2,102,694 |
Bar |  |  | 1,598,128 |  |  |  | - |  |  |  | - |  |  |  | 1,598,128 |
Structural |  |  | 638,307 |  |  |  | - |  |  |  | - |  |  |  | 638,307 |
Plate |  |  | 640,128 |  |  |  | - |  |  |  | - |  |  |  | 640,128 |
Tubular Products |  |  | - |  |  |  | 438,983 |  |  |  | - |  |  |  | 438,983 |
Rebar Fabrication |  |  | - |  |  |  | 498,117 |  |  |  | - |  |  |  | 498,117 |
Joist |  |  | - |  |  |  | 635,816 |  |  |  | - |  |  |  | 635,816 |
Deck |  |  | - |  |  |  | 485,443 |  |  |  | - |  |  |  | 485,443 |
Other Steel Products |  |  | - |  |  |  | 1,217,638 |  |  |  | - |  |  |  | 1,217,638 |
Raw Materials |  |  | - |  |  |  | - |  |  |  | 454,726 |  |  |  | 454,726 |
|  | $ | 4,979,257 |  |  | $ | 3,275,997 |  |  | $ | 454,726 |  |  | $ | 8,709,980 |
|  | Three Months (13 Weeks) Ended April 2, 2022 |
|  | Steel Mills |  |  | Steel Products |  |  | Raw Materials |  |  | Total |
Sheet |  | $ | 3,183,063 |  |  | $ | - |  |  | $ | - |  |  | $ | 3,183,063 |
Bar |  |  | 1,827,731 |  |  |  | - |  |  |  | - |  |  |  | 1,827,731 |
Structural |  |  | 783,271 |  |  |  | - |  |  |  | - |  |  |  | 783,271 |
Plate |  |  | 724,544 |  |  |  | - |  |  |  | - |  |  |  | 724,544 |
Tubular Products |  |  | - |  |  |  | 610,300 |  |  |  | - |  |  |  | 610,300 |
Rebar Fabrication |  |  | - |  |  |  | 445,232 |  |  |  | - |  |  |  | 445,232 |
Joist |  |  | - |  |  |  | 612,235 |  |  |  | - |  |  |  | 612,235 |
Deck |  |  | - |  |  |  | 550,909 |  |  |  | - |  |  |  | 550,909 |
Other Steel Products |  |  | - |  |  |  | 1,104,412 |  |  |  | - |  |  |  | 1,104,412 |
Raw Materials |  |  | - |  |  |  | - |  |  |  | 651,585 |  |  |  | 651,585 |
|  | $ | 6,518,609 |  |  | $ | 3,323,088 |  |  | $ | 651,585 |  |  | $ | 10,493,282 |
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 $329.5 million as of April 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.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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