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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Fair Values of Derivative Financial Instruments

The following tables summarize information regarding Nucor’s derivative financial instruments (in millions):

 

 

 

 

 

Fair Value at

 

 

 

 

 

December 31,

 

Fair Value of Derivative Financial
   Instruments

 

Consolidated Balance Sheet Location

 

2024

 

 

2023

 

Asset derivatives designated
   as hedging instruments:

 

 

 

 

 

 

 

 

Commodity contracts

 

Other current assets

 

$

4

 

 

$

 

Commodity contracts

 

Other assets

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

Total asset derivatives
   designated as hedging
   instruments

 

 

 

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset derivatives not
   designated as hedging
   instruments:

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

Other current assets

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Total asset derivatives

 

 

 

$

7

 

 

$

 

 

 

 

 

 

 

 

 

 

Liability derivatives designated
   as hedging instruments:

 

 

 

 

 

 

 

 

Commodity contracts

 

Accrued expenses and other current liabilities

 

$

(4

)

 

$

(15

)

Commodity contracts

 

Deferred credits and other liabilities

 

 

 

 

 

(4

)

 

 

 

 

 

 

 

 

 

Total liability derivatives
   designated as hedging
   instruments

 

 

 

 

(4

)

 

 

(19

)

Liability derivatives not designated
   as hedging instruments:

 

 

 

 

 

 

 

 

Commodity contracts

 

Accrued expenses and other current liabilities

 

 

 

 

 

(4

)

 

 

 

 

 

 

 

 

 

Total liability derivatives

 

 

 

$

(4

)

 

$

(23

)

 

Derivatives Designated as Hedging Instrument [Member]  
Effect of Derivatives Financial Instruments on Consolidated Statements of Earnings

The Effect of Derivative Financial Instruments on the Consolidated Statements of Earnings

 

Derivatives Designated as Hedging Instruments for the Year Ended December 31, (in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount of Gain or

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss), Net of Tax,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount of Gain or (Loss),

 

 

Reclassified from

 

 

Amount of Gain or (Loss),

 

 

 

Statement of

 

Net of Tax, Recognized

 

 

Accumulated OCI into

 

 

Net of Tax, Recognized

 

Derivatives in Cash Flow

 

Earnings

 

in OCI on Derivatives

 

 

Earnings on Derivatives

 

 

in Earnings on Derivatives

 

Hedging Relationships

 

Location

 

(Effective Portion)

 

 

(Effective Portion)

 

 

(Ineffective Portion)

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

 

2024

 

 

2023

 

 

2022

 

 

2024

 

 

2023

 

 

2022

 

Commodity contracts

 

Cost of products sold

 

$

(6

)

 

$

(52

)

 

$

77

 

 

$

(21

)

 

$

(12

)

 

$

52

 

 

$

 

 

$

 

 

$