Fair Value Measurements (Tables)

3 Months Ended

Apr. 05, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value

The following table summarizes information regarding Nucor’s financial assets and financial liabilities that were measured at fair value as of April 5, 2025 and December 31, 2024 (in millions). Nucor does not have any non-financial assets or non-financial liabilities that are measured at fair value on a recurring basis.

				Fair Value Measurements at Reporting Date Using
Description	Carrying Amount in Condensed Consolidated Balance Sheets			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
As of April 5, 2025
Assets:
Cash equivalents	$	2,432		$	2,432	$	-		$	-
Short-term investments		905			905		-			-
Derivative contracts		20			-		20			-
Other assets		96			22		-			74
Total assets	$	3,453		$	3,359	$	20		$	74
Liabilities:
Derivative contracts	$	(3	)	$	-	$	(3	)	$	-
As of December 31, 2024
Assets:
Cash equivalents	$	2,821		$	2,821	$	-		$	-
Short-term investments		581			581		-			-
Derivative contracts		7			-		7			-
Other assets		96			27		-			69
Total assets	$	3,505		$	3,429	$	7		$	69
Liabilities:
Derivative contracts	$	(4	)	$	-	$	(4	)	$	-