Segments (Tables)

3 Months Ended

Apr. 05, 2025

Segment Reporting [Abstract]

Segments

Nucor’s results by segment for the first quarter of 2025 and 2024 were as follows (in millions):

	Three Months (13 Weeks) Ended
	April 5, 2025
	Steel Mills		Steel Products		Raw Materials		Totals
Sales
Net sales to external customers	$	4,907	$	2,405	$	518	$	7,830
Intercompany sales		1,074		150		2,726		3,950
Total Sales		5,981		2,555		3,244		11,780
Reconciliation of Sales
Elimination of intercompany sales								(3,950	)
Net sales to external customers								7,830
Less:
Cost of products sold		5,743		2,229		3,204		11,176
Other segment items		7		38		11		56
Segment earnings before income taxes and noncontrolling interests		231		288		29		548
Reconciliation of earnings before income taxes and noncontrolling interests
Corporate/eliminations								(263	)
Earnings before income taxes and noncontrolling interests							$	285

	Three Months (13 Weeks) Ended
	March 30, 2024
	Steel Mills		Steel Products		Raw Materials		Totals
Sales
Net sales to external customers	$	5,169	$	2,517	$	451	$	8,137
Intercompany sales		1,251		137		2,569		3,957
Total Sales		6,420		2,654		3,020		12,094
Reconciliation of Sales
Elimination of intercompany sales								(3,957	)
Net sales to external customers								8,137
Less:
Cost of products sold		5,299		2,063		2,992		10,354
Other segment items		19		79		19		117
Segment earnings before income taxes and noncontrolling interests		1,102		512		9		1,623
Reconciliation of earnings before income taxes and noncontrolling interests
Corporate/eliminations								(398	)
Earnings before income taxes and noncontrolling interests							$	1,225

	Three Months (13 Weeks) Ended
	April 5, 2025		March 30, 2024
Depreciation expense:
Steel mills	$	207	$	170
Steel products		40		35
Raw materials		51		48
Corporate		5		4
	$	303	$	257
Amortization expense:
Steel mills	$	2	$	2
Steel products		56		50
Raw materials		7		7
	$	65	$	59
Capital expenditures:
Steel mills	$	609	$	401
Steel products		154		99
Raw materials		118		127
Corporate		40		32
	$	921	$	659

	April 5, 2025		December 31, 2024
Segment assets:
Steel mills	$	16,952	$	16,582
Steel products		11,287		11,235
Raw materials		3,871		3,656
Corporate/eliminations		2,589		2,467
	$	34,699	$	33,940

Schedule of Net Sale by Product to External Customers

Net sales by product for the first quarter of 2025 and 2024 were as follows (in millions). Further product group breakdown is impracticable.

	Three Months (13 Weeks) Ended
	April 5, 2025		March 30, 2024
Net sales to external customers:
Sheet	$	2,209	$	2,710
Bar		1,492		1,335
Structural		644		611
Plate		562		513
Tubular Products		364		369
Rebar Fabrication		408		412
Joist & Deck		498		599
Building Systems		278		314
Other Steel Products		857		823
Raw Materials		518		451
	$	7,830	$	8,137