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Revenues | 12 Months Ended
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Dec. 31, 2018
Revenue |
Revenues | Note 5. Revenues On January 1, 2018, we adopted new accounting guidance relating to the recognition of revenue from contracts with our customers using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. We did not record a cumulative-effect adjustment to retained earnings upon adoption and comparable period financial statement amounts have not been adjusted. Our reported results in 2018 would not have been different if reported under the previous accounting standard. The following table presents our sales disaggregated by product and service. Certain sales taxes or value-added taxes collected from customers are excluded from our reported sales.
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
| (in millions)
Carbon Steel | $ | 6,285.8 |  | $ | 5,189.6 |  | $ | 4,579.5
Aluminum |  | 2,210.9 |  |  | 1,916.9 |  |  | 1,777.6
Stainless Steel |  | 1,636.1 |  |  | 1,386.3 |  |  | 1,212.5
Alloy |  | 680.7 |  |  | 587.8 |  |  | 473.3
Toll processing and logistics |  | 415.3 |  |  | 362.1 |  |  | 326.5
Other and eliminations |  | 305.7 |  |  | 278.3 |  |  | 244.0
Total | $ | 11,534.5 |  | $ | 9,721.0 |  | $ | 8,613.4
Metal Sales Metal product sales represented approximately 94% of our revenues in 2018. We have minimal long-term contract sales with our customers as we primarily transact in the “spot market” under fixed price sales orders. The majority of our metal product sales orders generally have only one performance obligation: sale of processed or unprocessed metal product. Control of the metal products we sell transfers to our customers upon delivery for orders with FOB destination terms or upon shipment for orders with FOB shipping point terms. Shipping and handling charges to our customers are included in net sales. We account for all shipping and handling of our products as fulfillment activities and not as a promised good or service. Costs incurred in connection with the shipping and handling of our products are typically included in operating expenses whether we use a third-party carrier or our own trucks. In 2018, 2017 and 2016, shipping and handling costs included in Warehouse, delivery, selling, general and administrative expenses were $412.7 million, $372.3 million and $346.2 million, respectively. Shipment and delivery of our orders generally occur on the same day due to the close proximity of our customers and our metals service center locations. Toll Processing and Logistics Toll processing services relate to the processing of customer-owned metal. Logistics services primarily include transportation services for metal we toll-process. Revenue for these services is recognized over time as the toll processing or logistics services are performed. These services are generally short-term in nature with the service being performed in less than one day. Seasonality Some of our customers are in seasonal businesses, especially customers in the construction industry and related businesses. However, our overall operations have not shown any material seasonal trends as a result of our geographic, product and customer diversity. Typically, revenues in the months of July, November and December have been lower than in other months because of a reduced number of working days for shipments of our products, resulting from holidays observed by the Company as well as vacation and extended holiday closures at some of our customers.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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