Stockholders' Equity

3 Months Ended

Apr. 05, 2025

Equity [Abstract]

Stockholders' Equity

12. Stockholders’ Equity

The following tables reflect the changes in stockholders’ equity attributable to Nucor and the noncontrolling interests of Nucor’s joint ventures - Nucor-Yamato Steel Company (Limited Partnership) (“NYS”), California Steel Industries, Inc. (“CSI”) and NJSM for the three months ended April 5, 2025 and March 30, 2024 (in millions):

				Three Months (13 Weeks) Ended April 5, 2025
													Accumulated									Total
								Additional					Other			Treasury Stock						Nucor
				Common Stock				Paid-in		Retained			Comprehensive			(at cost)						Stockholders'			Noncontrolling
	Total			Shares		Amount		Capital		Earnings			Income (Loss)			Shares			Amount			Equity			Interests
BALANCES, December 31, 2024	$	21,417			380.2	$	152	$	2,223	$	30,271		$	(208	)		147.4		$	(12,144	)	$	20,294		$	1,123
Net earnings before noncontrolling interests		226			-		-		-		156			-			-			-			156			70
Other comprehensive income (loss)		10			-		-		-		-			10			-			-			10			-
Issuance of stock under award plans,    net of forfeitures		38			-		-		19		-			-			(0.3	)		19			38			-
Amortization of unearned    compensation		3			-		-		3		-			-			-			-			3			-
Treasury stock acquired, and net impact of excise tax		(305	)		-		-		-		-			-			2.3			(305	)		(305	)		-
Cash dividends declared		(127	)		-		-		-		(127	)		-			-			-			(127	)		-
Distributions to noncontrolling    interests		(172	)		-		-		-		-			-			-			-			-			(172	)
Capital contributions from noncontrolling interest		25			-		-		-		-			-			-			-			-			25
BALANCES, April 5, 2025	$	21,115			380.2	$	152	$	2,245	$	30,300		$	(198	)		149.4		$	(12,430	)	$	20,069		$	1,046

				Three Months (13 Weeks) Ended March 30, 2024
														Accumulated									Total
								Additional						Other			Treasury Stock						Nucor
				Common Stock				Paid-in			Retained			Comprehensive			(at cost)						Stockholders'			Noncontrolling
	Total			Shares		Amount		Capital			Earnings			Income (Loss)			Shares			Amount			Equity			Interests
BALANCES, December 31, 2023	$	22,123			380.2	$	152	$	2,176		$	28,762		$	(162	)		135.3		$	(9,988	)	$	20,940		$	1,183
Net earnings before noncontrolling interests		959			-		-		-			845			-			-			-			845			114
Other comprehensive income (loss)		(15	)		-		-		-			-			(15	)		-			-			(15	)		-
Stock options exercised		3			-		-		(1	)		-			-			(0.1	)		4			3			-
Issuance of stock under award plans,    net of forfeitures		60			-		-		33			-			-			(0.3	)		27			60			-
Amortization of unearned    compensation		3			-		-		3			-			-			-			-			3			-
Treasury stock acquired, and net impact of excise tax		(1,011	)		-		-		-			-			-			5.5			(1,011	)		(1,011	)		-
Cash dividends declared		(131	)		-		-		-			(131	)		-			-			-			(131	)		-
Distributions to noncontrolling    interests		(265	)		-		-		-			-			-			-			-			-			(265	)
BALANCES, March 30, 2024	$	21,726			380.2	$	152	$	2,211		$	29,476		$	(177	)		140.4		$	(10,968	)	$	20,694		$	1,032

Dividends declared per share were $0.55 per share in the first quarter of 2025 ($0.54 per share in the first quarter of 2024).

On May 11, 2023, the Company announced that its Board of Directors had approved a share repurchase program under which the Company is authorized to repurchase up to $4.00 billion of the Company’s common stock and terminated all previously authorized share repurchase programs. Share repurchases are made from time to time in the open market at prevailing market prices or through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The share repurchase authorization is discretionary and has no expiration date. As of April 5, 2025, the Company had approximately $806 million available for share repurchases under the program authorized by the Company’s Board of Directors.