Nucor (NUE) 10-Q8 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2023 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Trading Symbol	NUE
Entity Registrant Name	NUCOR CORPORATION
Entity Central Index Key	0000073309
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.40 per share
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	1-4119
Entity Tax Identification Number	13-1860817
Entity Address, Address Line One	1915 Rexford Road
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28211
City Area Code	704
Local Phone Number	366-7000
Entity Common Stock, Shares Outstanding	245,838,999

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Income Statement [Abstract]
Net sales	$ 8,775,734	$ 10,500,755	$ 27,008,970	$ 32,788,511
Costs, expenses and other:
Cost of products sold	6,854,934	7,657,364	20,588,294	22,382,718
Marketing, administrative and other expenses	385,768	486,560	1,229,051	1,574,355
Equity in losses (earnings) of unconsolidated affiliates	1,083	(8,438)	(3,671)	(23,246)
Interest (income) expense, net	(14,133)	42,347	648	143,245
Costs, expenses and other, total	7,227,652	8,177,833	21,814,322	24,077,072
Earnings before income taxes and noncontrolling interests	1,548,082	2,322,922	5,194,648	8,711,439
Provision for income taxes	326,827	523,879	1,154,689	1,958,044
Net earnings before noncontrolling interests	1,221,255	1,799,043	4,039,959	6,753,395
Earnings attributable to noncontrolling interests	79,749	104,295	300,557	401,791
Net earnings attributable to Nucor stockholders	$ 1,141,506	$ 1,694,748	$ 3,739,402	$ 6,351,604
Net earnings per share:
Basic	$ 4.58	$ 6.51	$ 14.86	$ 23.9
Diluted	$ 4.57	$ 6.5	$ 14.83	$ 23.85
Average shares outstanding:
Basic	248,504	259,102	250,752	264,655
Diluted	248,916	259,526	251,179	265,239

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2023		Oct. 01, 2022		Sep. 30, 2023		Oct. 01, 2022
Statement Of Comprehensive Income [Abstract]
Net earnings before noncontrolling interests	$ 1,221,255		$ 1,799,043		$ 4,039,959		$ 6,753,395
Other comprehensive income (loss):
Net unrealized (loss) income on hedging derivatives, net of income taxes of $(1,500) and $8,800 for the third quarter of 2023 and 2022, respectively, and $(10,700) and $30,700 for the first nine months of 2023 and 2022, respectively	(4,779)		27,411		(33,782)		97,025
Reclassification adjustment for settlement of hedging derivatives included in net earnings, net of income taxes of $1,100 and $(5,200) for the third quarter of 2023 and 2022, respectively, and $3,100 and $(11,700) for the first nine months of 2023 and 2022, respectively	3,579	[1]	(16,311)	[2]	9,982	[1]	(36,837)	[2]
Foreign currency translation gain (loss), net of income taxes of $0 for the third quarter and first nine months of 2023 and 2022	(18,655)		(43,843)		12,490		(48,459)
Net current-period other comprehensive income (loss)	(19,855)		(32,743)		(11,310)		11,729
Comprehensive income	1,201,400		1,766,300		4,028,649		6,765,124
Comprehensive income attributable to noncontrolling interests	79,749		104,295		300,557		401,791
Comprehensive income attributable to Nucor stockholders	$ 1,121,651		$ 1,662,005		$ 3,728,092		$ 6,363,333

[1] Includes $ 3,579 and $ 9,982 net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the third quarter and first nine months of 2023 , respectively. The tax impact of those reclassifications was $ 1,100 and $ 3,100 in the third quarter and first nine months of 2023 , respectively. Includes $( 16,311 ) and $( 36,837 ) net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the third quarter and first nine months of 2022 , respectively. The tax impact of those reclassifications was $( 5,200 ) and $( 11,700 ) in the third quarter and first nine months of 2022 , respectively.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Statement Of Comprehensive Income [Abstract]
Net unrealized (loss) income on hedging derivatives, tax	$ (1,500)	$ 8,800	$ (10,700)	$ 30,700
Reclassification adjustment for settlement of hedging derivatives included in net income, tax effect	1,100	(5,200)	3,100	(11,700)
Foreign currency translation gain (loss), tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 5,855,950	$ 4,280,852
Short-term investments	863,140	576,946
Accounts receivable, net	3,427,697	3,591,030
Inventories, net	5,246,365	5,453,531
Other current assets	555,784	789,325
Total current assets	15,948,936	14,691,684
Property, plant and equipment, net	10,355,848	9,616,920
Restricted cash and cash equivalents	12,832	80,368
Goodwill	3,922,267	3,920,060
Other intangible assets, net	3,146,973	3,322,265
Other assets	880,930	847,913
Total assets	34,267,786	32,479,210
Current liabilities:
Short-term debt	35,938	49,081
Current portion of long-term debt and finance lease obligations	24,934	28,582
Accounts payable	1,854,707	1,649,523
Salaries, wages and related accruals	1,268,771	1,654,210
Accrued expenses and other current liabilities	1,099,498	948,348
Total current liabilities	4,283,848	4,329,744
Long-term debt and finance lease obligations due after one year	6,620,586	6,613,687
Deferred credits and other liabilities	1,854,270	1,965,873
Total liabilities	12,758,704	12,909,304
Commitments and contingencies
Nucor stockholders' equity:
Common stock	152,061	152,061
Additional paid-in capital	2,165,635	2,143,520
Retained earnings	28,110,225	24,754,873
Accumulated other comprehensive loss, net of income taxes	(148,827)	(137,517)
Treasury stock	(9,813,377)	(8,498,243)
Total Nucor stockholders' equity	20,465,717	18,414,694
Noncontrolling interests	1,043,365	1,155,212
Total equity	21,509,082	19,569,906
Total liabilities and equity	$ 34,267,786	$ 32,479,210

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022
Operating activities:
Net earnings before noncontrolling interests	$ 4,039,959	$ 6,753,395
Adjustments:
Depreciation	681,153	609,933
Amortization	175,701	164,480
Stock-based compensation	101,107	99,838
Deferred income taxes	(25,750)	(33,116)
Distributions from affiliates	18,621	25,571
Equity in earnings of unconsolidated affiliates	(3,671)	(23,246)
Changes in assets and liabilities (exclusive of acquisitions and dispositions):
Accounts receivable	171,621	(104,751)
Inventories	209,056	371,068
Accounts payable	164,479	(299,760)
Federal income taxes	240,667	(302,335)
Salaries, wages and related accruals	(347,026)	121,243
Other operating activities	165,692	156,201
Cash provided by operating activities	5,591,609	7,538,521
Investing activities:
Capital expenditures	(1,496,248)	(1,430,125)
Investment in and advances to affiliates	(35,106)	(246)
Sale of business		99,681
Disposition of plant and equipment	8,617	27,278
Acquisitions (net of cash acquired)		(3,549,764)
Purchases of investments	(1,200,136)	(563,770)
Proceeds from the sale of investments	917,332	439,348
Other investing activities	(35,001)	(9,595)
Cash used in investing activities	(1,840,542)	(4,987,193)
Financing activities:
Net change in short-term debt	(13,142)	(43,074)
Proceeds from issuance of long-term debt, net of discount		2,091,934
Repayment of long-term debt	(7,500)	(1,108,500)
Bond issuance costs		(13,138)
Proceeds from exercise of stock options	10,350	21,604
Payment of tax withholdings on certain stock-based compensation	(44,456)	(62,869)
Distributions to noncontrolling interests	(412,404)	(300,772)
Cash dividends	(387,996)	(404,150)
Acquisition of treasury stock	(1,376,757)	(2,359,971)
Proceeds from government incentives		275,000
Other financing activities	(12,437)	(21,085)
Cash used in financing activities	(2,244,342)	(1,925,021)
Effect of exchange rate changes on cash	837	(5,221)
Increase in cash and cash equivalents and restricted cash and cash equivalents	1,507,562	621,086
Cash and cash equivalents and restricted cash and cash equivalents - beginning of year	4,361,220	2,508,658
Cash and cash equivalents and restricted cash and cash equivalents - end of nine months	5,868,782	3,129,744
Non-cash investing activity:
Change in accrued plant and equipment purchases	$ 40,126	$ (31,469)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,141,506	$ 1,694,748	$ 3,739,402	$ 6,351,604

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
Insider Trading Arrangements	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Interim Presentation

Basis of Interim Presentation	9 Months Ended
Basis of Interim Presentation	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Interim Presentation	1. Basis of Interim Presentation The information furnished in this Item 1 reflects all adjustments which are, in the opinion of management, necessary to make a fair statement of the results for the interim periods presented and are of a normal and recurring nature unless otherwise noted. The information furnished has not been audited; however, the December 31, 2022 condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The unaudited condensed consolidated financial statements included in this Item 1 should be read in conjunction with the audited consolidated financial statements and the notes thereto included in Nucor’s Annual Report on Form 10-K for the year ended December 31, 2022 .

Inventories

Inventories	9 Months Ended
Inventories	Sep. 30, 2023
Inventory Disclosure [Abstract]
Inventories	2. Inventories Inventories consisted of approximately 37 % raw materials and supplies and 63 % finished and semi-finished products at September 30, 2023 ( 37 % and 63 %, respectively, at December 31, 2022 ). Nucor’s manufacturing process consists of a continuous, vertically integrated process from which products are sold to customers at various stages throughout the process. Since most steel products can be classified as either finished or semi-finished products, these two categories of inventory are combined.

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
Property, Plant and Equipment	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	3. Property, Plant and Equipment Property, plant and equipment is recorded net of accumulated depreciation of $ 11.66 billion at September 30, 2023 ($ 11.12 billion at December 31, 2022).

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
Goodwill and Other Intangible Assets	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	4. Goodwill and Other Intangible Assets The change in the net carrying amount of goodwill for the nine months ended September 30, 2023 by segment was as follows (in thousands): Steel Mills Steel Products Raw Materials Total Balance at December 31, 2022 $ 675,186 $ 2,510,045 $ 734,829 $ 3,920,060 Acquisitions - ( 2,120 ) - ( 2,120 ) Translation - 4,327 - 4,327 Balance at September 30, 2023 $ 675,186 $ 2,512,252 $ 734,829 $ 3,922,267 Nucor completed its most recent annual goodwill impairment testing as of the first day of the fourth quarter of 2022 and concluded that as of such date there was no impairment of goodwill for any of its reporting units. The annual assessment performed in 2022 for one of the Company’s reporting units, Rebar Fabrication (which is included in the Steel Products segment), used forward-looking projections in future cash flows. The fair value of this reporting unit exceeded its carrying value by approximately 34 % in the most recent assessment. If our assessment of the relevant facts and circumstances changes, including if the expected future performance of this reporting unit declines from the most recent assessment, non-cash impairment charges may be required. Total goodwill associated with the Rebar Fabrication reporting unit was $ 351.5 million as of September 30, 2023 ($ 347.6 million as of December 31, 2022 ). An impairment of goodwill may also lead us to record an impairment of other intangible assets. Total finite-lived intangible assets associated with the Rebar Fabrication reporting unit were $ 31.3 million as of September 30, 2023 ($ 36.3 million as of December 31, 2022). There have been no triggering events requiring an interim assessment for impairment of the Rebar Fabrication reporting unit since the most recent annual goodwill impairment testing date. Intangible assets with estimated useful lives of five to 25 years are amortized on a straight-line or accelerated basis and consisted of the following as of September 30, 2023 and December 31, 2022 (in thousands): September 30, 2023 December 31, 2022 Gross Amount Accumulated Gross Amount Accumulated Customer relationships $ 4,175,065 $ 1,243,668 $ 4,174,724 $ 1,087,834 Trademarks and trade names 364,173 159,369 364,106 142,363 Other 109,747 98,975 109,746 96,114 $ 4,648,985 $ 1,502,012 $ 4,648,576 $ 1,326,311 Intangible asset amortization expense in the third quarter of 2023 and 2022 was $ 58.5 million and $ 77.2 million, respectively, and $ 175.7 million and $ 164.5 million in the first nine months of 2023 and 2022, respectively. Annual amortization expense is estimated to be $ 232.8 million in 2023 ; $ 233.3 million in 2024; $ 232.3 million in 2025; $ 229.4 million in 2026; and $ 225.1 million in 2027.

Current Liabilities

Current Liabilities	9 Months Ended
Current Liabilities	Sep. 30, 2023
Payables and Accruals [Abstract]
Current Liabilities	5. Current Liabilities Book overdrafts, included in accounts payable in the condensed consolidated balance sheets, were $ 155.2 million at September 30, 2023 ($ 163.6 million at December 31, 2022 ). Dividends payable, included in accrued expenses and other current liabilities in the condensed consolidated balance sheets, were $ 126.6 million at September 30, 2023 ($ 130.5 million at December 31, 2022 ).

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	6. Fair Value Measurements The following table summarizes information regarding Nucor’s financial assets and financial liabilities that were measured at fair value as of September 30, 2023 and December 31, 2022 (in thousands). 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 Quoted Prices Significant Significant As of September 30, 2023 Assets: Cash equivalents $ 5,224,958 $ 5,224,958 $ - $ - Short-term investments 863,140 863,140 - - Restricted cash and cash equivalents 12,832 12,832 - - Derivative contracts 4,345 - 4,345 - Total assets $ 6,105,276 $ 6,100,931 $ 4,345 $ - Liabilities: Derivative contracts $ ( 3,027 ) $ - $ ( 3,027 ) $ - As of December 31, 2022 Assets: Cash equivalents $ 3,182,631 $ 3,182,631 $ - $ - Short-term investments 576,946 576,946 - - Restricted cash and cash equivalents 80,368 80,368 - - Derivative contracts 34,400 - 34,400 - Total assets $ 3,874,345 $ 3,839,945 $ 34,400 $ - Liabilities: Derivative contracts $ ( 1,370 ) $ - $ ( 1,370 ) $ - Fair value measurements for Nucor’s cash equivalents, short-term investments and restricted cash and cash equivalents are classified under Level 1 because such measurements are based on quoted market prices in active markets for identical assets. Our short-term investments at September 30, 2023 consisted of certificates of deposit, commercial paper and corporate notes. Fair value measurements for Nucor’s derivatives, which are typically commodity or foreign exchange contracts, are classified under Level 2 because such measurements are based on published market prices for similar assets or are estimated based on observable inputs such as interest rates, yield curves, credit risks, spot and future commodity prices, and spot and future exchange rates. There were no transfers between the levels in the fair value hierarchy for the periods presented. The fair value of short-term and long-term debt, including current maturities, was approximately $ 5.77 billion at September 30, 2023 (approximately $ 5.93 billion at December 31, 2022). The debt fair value estimates are classified under Level 2 because such estimates are based on readily available market prices of our debt at September 30, 2023 and December 31, 2022 , or similar debt with the same maturities, ratings and interest rates.

Contingencies

Contingencies	9 Months Ended
Contingencies	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	7. Contingencies We are from time to time a party to various lawsuits, claims and other legal proceedings that arise in the ordinary course of business. With respect to all such lawsuits, claims and proceedings, we record reserves when it is probable a liability has been incurred and the amount of loss can be reasonably estimated. We do not believe that any of these proceedings, individually or in the aggregate, would be expected to have a material adverse effect on our results of operations, financial position or cash flows. Nucor maintains liability insurance with self-insurance limits for certain risks.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
Stock-Based Compensation	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	8. Stock-Based Compensation Stock Options A summary of activity under Nucor’s stock option plans for the first nine months of 2023 is as follows (shares and aggregate intrinsic value in thousands): Weighted- Weighted- Average Average Aggregate Exercise Remaining Intrinsic Shares Price Contractual Life Value Number of shares under stock options: Outstanding at beginning of year 837 $ 66.76 Granted 91 $ 133.03 Exercised ( 181 ) $ 57.10 $ 20,865 Canceled - $ - Outstanding at September 30, 2023 747 $ 77.16 7.3 years $ 59,133 Stock options exercisable at September 30, 2023 462 $ 48.31 6.4 years $ 49,910 Co mpensation expense for stock options was $ 0.4 million and $ 0.5 million in the third quarter of 2023 and 2022 , respectively, and $ 4.3 million and $ 4.9 million in the first nine months of 2023 and 2022, respectively. As of September 30, 2023 , unrecognized compensation expense related to stock options was $ 2.4 million, which we expect to recognize over a weighted-average period of 2.0 years. Restricted Stock Units A summary of Nucor’s restricted stock unit (“RSU”) activity for the first nine months of 2023 is as follows (shares in thousands): Shares Grant Date Restricted stock units: Unvested at beginning of year 1,003 $ 98.66 Granted 831 $ 133.03 Vested ( 870 ) $ 102.72 Canceled ( 12 ) $ 103.58 Unvested at September 30, 2023 952 $ 124.91 Compensation expense for RSUs was $ 14.0 million and $ 16.3 million in the third quarter of 2023 and 2022 , respectively, and $ 74.7 million and $ 67.2 million in the first nine months of 2023 and 2022, respectively. As of September 30, 2023 , unrecognized compensation expense related to unvested RSUs was $ 97.6 million, which we expect to recognize over a weighted-average period of 1.5 years. Restricted Stock Awards A summary of Nucor’s restricted stock activity under the Nucor Corporation Senior Officers Annual Incentive Plan (a supplement to the Nucor Corporation 2014 Omnibus Incentive Compensation Plan, the “AIP”) and the Nucor Corporation Senior Officers Long-Term Incentive Plan (a supplement to the Nucor Corporation 2014 Omnibus Incentive Compensation Plan, the “LTIP”) for the first nine months of 2023 is as follows (shares in thousands): Grant Date Shares Fair Value Restricted stock units and restricted stock awards: Unvested at beginning of year 209 $ 108.55 Granted 414 $ 171.38 Vested ( 406 ) $ 152.68 Canceled ( 7 ) $ 154.05 Unvested at September 30, 2023 210 $ 145.55 Compensation expense for common stock and common stock units awarded under the AIP and the LTIP is recorded over the performance measurement and vesting periods based on the anticipated number and market value of shares of common stock and common stock units to be awarded. Compensation expense for anticipated awards based upon Nucor’s financial performance, exclusive of amounts payable in cash, was $ 3.1 million and $ 8.9 million in the third quarter of 2023 and 2022 , respectively, and $ 22.5 million and $ 27.7 million in the first nine months of 2023 and 2022, respectively. As of September 30, 2023 , unrecognized compensation expense related to unvested restricted stock awards was $ 9.1 million, which we expect to recognize over a weighted-average period of 1.8 years.

Employee Benefit Plan

Employee Benefit Plan	9 Months Ended
Employee Benefit Plan	Sep. 30, 2023
Retirement Benefits [Abstract]
Employee Benefit Plan	9. Employee Benefit Plan Nucor makes contributions to a Profit Sharing and Retirement Savings Plan for qualified employees based on the profitability of the Company. Nucor’s expense for these benefits totaled $ 148.6 m illion and $ 214.4 million in the third quarter of 2023 and 2022, respectively, and $ 505.2 million and $ 834.3 million in the first nine months of 2023 and 2022 , respectively. The related liability for these benefits is included in salaries, wages and related accruals in the condensed consolidated balance sheets.

Interest (Income) Expense

Interest (Income) Expense	9 Months Ended
Interest (Income) Expense	Sep. 30, 2023
Banking and Thrift, Interest [Abstract]
Interest (Income) Expense	10. Interest (Income) Expense The components of net interest (income) expense for the third quarter and first nine months of 2023 and 2022 are as follows (in thousands): Three Months (13 Weeks) Ended Nine Months (39 Weeks) Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Interest expense $ 63,228 $ 54,569 $ 186,716 $ 162,159 Interest income ( 77,361 ) ( 12,222 ) ( 186,068 ) ( 18,914 ) Interest (income) expense, net $ ( 14,133 ) $ 42,347 $ 648 $ 143,245

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes The effective tax rate for the third quarter of 2023 was 21.1 % compared to 22.6 % for the third quarter of 2022.The decrease in the effective tax rate for the third quarter of 2023 as compared to the third quarter of 2022 was primarily due to increased federal tax credits and the change in relative proportions of net earnings attributable to noncontrolling interests to total pre-tax earnings between the periods . The Internal Revenue Service (the “IRS”) is currently examining Nucor’s 2015, 2019, and 2020 federal income tax returns. Nucor has concluded U.S. federal income tax matters for the tax years through 2014, and for the tax years 2016 and 2018. The tax years 2017, 2021, and 2022 remain open to examination by the IRS. The 2015 through 2021 Canadian income tax returns for Harris Steel Group Inc. and certain related affiliates are currently under examination by the Canada Revenue Agency. The tax years 2016 through 2022 remain open to examination by other major taxing jurisdictions to which Nucor is subject (primarily Canada, Trinidad & Tobago, and other state and local jurisdictions). Non-current deferred tax assets included in other assets in the condensed consolidated balance sheets were $ 9.4 million at September 30, 2023 ($ 19.3 million at December 31, 2022). Non-current deferred tax liabilities included in deferred credits and other liabilities in the condensed consolidated balance sheets were $ 1.26 billion at September 30, 2023 ($ 1.30 billion at December 31, 2022).

Stockholders' Equity

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Sep. 30, 2023
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”) and California Steel Industries, Inc. (“CSI”), in both of which Nucor owns 51 %, for the three months and nine months ended September 30, 2023 and October 1, 2022 (in thousands): Three Months (13 Weeks) Ended September 30, 2023 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, July 1, 2023 $ 20,940,928 380,154 $ 152,061 $ 2,149,693 $ 27,095,661 $ ( 128,972 ) 131,431 $ ( 9,314,764 ) $ 19,953,679 $ 987,249 Net earnings before noncontrolling interests 1,221,255 - - - 1,141,506 - - - 1,141,506 79,749 Other comprehensive income (loss) ( 19,855 ) - - - - ( 19,855 ) - - ( 19,855 ) - Stock options exercised 3,227 - - ( 386 ) - - ( 50 ) 3,613 3,227 - Stock option expense 392 - - 392 - - - - 392 - Issuance of stock under award plans, 16,353 - - 14,337 - - ( 28 ) 2,016 16,353 - Amortization of unearned 1,599 - - 1,599 - - - - 1,599 - Treasury stock acquired and net impact of excise tax ( 504,242 ) - - - - - 2,962 ( 504,242 ) ( 504,242 ) - Cash dividends declared ( 126,942 ) - - - ( 126,942 ) - - - ( 126,942 ) - Distributions to noncontrolling ( 23,633 ) - - - - - - - - ( 23,633 ) BALANCES, September 30, 2023 $ 21,509,082 380,154 $ 152,061 $ 2,165,635 $ 28,110,225 $ ( 148,827 ) 134,315 $ ( 9,813,377 ) $ 20,465,717 $ 1,043,365 Nine Months (39 Weeks) Ended September 30, 2023 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, 2022 $ 19,569,906 380,154 $ 152,061 $ 2,143,520 $ 24,754,873 $ ( 137,517 ) 126,661 $ ( 8,498,243 ) $ 18,414,694 $ 1,155,212 Net earnings before noncontrolling interests 4,039,959 - - - 3,739,402 - - - 3,739,402 300,557 Other comprehensive income (loss) ( 11,310 ) - - - - ( 11,310 ) - - ( 11,310 ) - Stock options exercised 10,350 - - ( 2,135 ) - - ( 181 ) 12,485 10,350 - Stock option expense 4,314 - - 4,314 - - - - 4,314 - Issuance of stock under award plans, 76,322 - - 15,072 - - ( 917 ) 61,250 76,322 - Amortization of unearned 4,864 - - 4,864 - - - - 4,864 - Treasury stock acquired and net impact of excise tax ( 1,388,869 ) - - - - - 8,752 ( 1,388,869 ) ( 1,388,869 ) - Cash dividends declared ( 384,050 ) - - - ( 384,050 ) - - - ( 384,050 ) - Distributions to noncontrolling ( 412,404 ) - - - - - - - - ( 412,404 ) BALANCES, September 30, 2023 $ 21,509,082 380,154 $ 152,061 $ 2,165,635 $ 28,110,225 $ ( 148,827 ) 134,315 $ ( 9,813,377 ) $ 20,465,717 $ 1,043,365 Three Months (13 Weeks) Ended October 1, 2022 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, July 2, 2022 $ 17,852,808 380,154 $ 152,061 $ 2,115,178 $ 22,064,383 $ ( 70,810 ) 118,368 $ ( 7,452,168 ) $ 16,808,644 $ 1,044,164 Net earnings before noncontrolling interests 1,799,043 - - - 1,694,748 - - - 1,694,748 104,295 Other comprehensive income (loss) ( 32,743 ) - - - - ( 32,743 ) - - ( 32,743 ) - Stock options exercised 2,784 - - ( 1,181 ) - - ( 62 ) 3,965 2,784 - Stock option expense 475 - - 475 - - - - 475 - Issuance of stock under award plans, 15,009 - - 12,949 - - ( 31 ) 2,060 15,009 - Amortization of unearned 1,100 - - 1,100 - - - - 1,100 - Treasury stock acquired ( 652,078 ) - - - - - 5,334 ( 652,078 ) ( 652,078 ) - Cash dividends declared ( 129,482 ) - - - ( 129,482 ) - - - ( 129,482 ) - Distributions to noncontrolling ( 32,237 ) - - - - - - - - ( 32,237 ) BALANCES, October 1, 2022 $ 18,824,679 380,154 $ 152,061 $ 2,128,521 $ 23,629,649 $ ( 103,553 ) 123,609 $ ( 8,098,221 ) $ 17,708,457 $ 1,116,222 Nine Months (39 Weeks) Ended October 1, 2022 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, 2021 $ 14,603,794 380,154 $ 152,061 $ 2,140,608 $ 17,674,100 $ ( 115,282 ) 107,742 $ ( 5,835,098 ) $ 14,016,389 $ 587,405 Net earnings before noncontrolling interests 6,753,395 - - - 6,351,604 - - - 6,351,604 401,791 Other comprehensive income (loss) 11,729 - - - - 11,729 - - 11,729 - Stock options exercised 21,604 - - ( 2,489 ) - - ( 421 ) 24,093 21,604 - Stock option expense 4,897 - - 4,897 - - - - 4,897 - Issuance of stock under award plans, 54,560 - - ( 18,195 ) - - ( 1,194 ) 72,755 54,560 - Amortization of unearned 3,700 - - 3,700 - - - - 3,700 - Treasury stock acquired ( 2,359,971 ) - - - - - 17,482 ( 2,359,971 ) ( 2,359,971 ) - Cash dividends declared ( 396,055 ) - - - ( 396,055 ) - - - ( 396,055 ) - Distributions to noncontrolling ( 300,772 ) - - - - - - - - ( 300,772 ) Acquisition of noncontrolling interest in CSI 427,798 - - - - - - - - 427,798 BALANCES, October 1, 2022 $ 18,824,679 380,154 $ 152,061 $ 2,128,521 $ 23,629,649 $ ( 103,553 ) 123,609 $ ( 8,098,221 ) $ 17,708,457 $ 1,116,222 Dividends declared per share were $ 0.51 per share in the third quarter of 2023 ($ 0.50 per share in the third quarter of 2022 ) and $ 1.53 per share in the first nine months of 2023 ($ 1.50 per share in the first nine months of 2022). On May 11, 2023, the Company announced that its Board of Directors had approved a new 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 will be 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 September 30, 2023 , the Company had approximately $ 3.50 billion available for share repurchases under the program authorized by the Company’s Board of Directors.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
Accumulated Other Comprehensive Income (Loss)	Sep. 30, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	13. Accumulated Other Comprehensive Income (Loss) The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three months and nine months ended September 30, 2023 and October 1, 2022 (in thousands): Three-Month (13-Week) Period Ended September 30, 2023 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 3,500 $ ( 149,071 ) $ 16,599 $ ( 128,972 ) Other comprehensive income ( 4,779 ) ( 18,655 ) - ( 23,434 ) Amounts reclassified from (1) 3,579 - - 3,579 Net current-period other ( 1,200 ) ( 18,655 ) - ( 19,855 ) Accumulated other comprehensive $ 2,300 $ ( 167,726 ) $ 16,599 $ ( 148,827 ) Nine-Month (39-Week) Period Ended September 30, 2023 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 26,100 $ ( 180,216 ) $ 16,599 $ ( 137,517 ) Other comprehensive income ( 33,782 ) 12,490 - ( 21,292 ) Amounts reclassified from (1) 9,982 - - 9,982 Net current-period other ( 23,800 ) 12,490 - ( 11,310 ) Accumulated other comprehensive $ 2,300 $ ( 167,726 ) $ 16,599 $ ( 148,827 ) (1) Includes $ 3,579 and $ 9,982 net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the third quarter and first nine months of 2023 , respectively. The tax impact of those reclassifications was $ 1,100 and $ 3,100 in the third quarter and first nine months of 2023 , respectively. Three-Month (13-Week) Period Ended October 1, 2022 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 50,200 $ ( 129,484 ) $ 8,474 $ ( 70,810 ) Other comprehensive income (loss) 27,411 ( 43,843 ) - ( 16,432 ) Amounts reclassified from (2) ( 16,311 ) - - ( 16,311 ) Net current-period other 11,100 ( 43,843 ) - ( 32,743 ) Accumulated other comprehensive $ 61,300 $ ( 173,327 ) $ 8,474 $ ( 103,553 ) Nine-Month (39-Week) Period Ended October 1, 2022 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 1,112 $ ( 124,868 ) $ 8,474 $ ( 115,282 ) Other comprehensive income (loss) 97,025 ( 48,459 ) - 48,566 Amounts reclassified from (2) ( 36,837 ) - - ( 36,837 ) Net current-period other 60,188 ( 48,459 ) - 11,729 Accumulated other comprehensive $ 61,300 $ ( 173,327 ) $ 8,474 $ ( 103,553 ) (2) Includes $( 16,311 ) and $( 36,837 ) net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the third quarter and first nine months of 2022 , respectively. The tax impact of those reclassifications was $( 5,200 ) and $( 11,700 ) in the third quarter and first nine months of 2022 , respectively.

Segments

Segments	9 Months Ended
Segments	Sep. 30, 2023
Segment Reporting [Abstract]
Segments	14. Segments Nucor reports its results in the following segments: steel mills, steel products and raw materials. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading and rebar distribution businesses; and Nucor’s equity method investments in NuMit LLC (“NuMit”) and Nucor-JFE Steel Mexico, S. de R.L. de C.V. ("NJSM"). The steel products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, precision castings, steel fasteners, metal building systems, insulated metal panels, overhead doors, steel grating, tubular products, steel racking, piling products, wire and wire mesh, and utility towers and structures. The raw materials segment includes The David J. Joseph Company and its affiliates (“DJJ”), primarily a scrap broker and processor; Nu-Iron Unlimited and Nucor Steel Louisiana LLC (“Nucor Steel Louisiana”), two facilities that produce direct reduced iron (“DRI”) used by the steel mills; and our natural gas production operations. Corporate/eliminations include items such as net interest expense on long-term debt, charges and credits associated with changes in allowances to eliminate intercompany profit in inventory, profit sharing expense and stock-based compensation. Corporate assets primarily include cash and cash equivalents, short-term investments, restricted cash and cash equivalents, allowances to eliminate intercompany profit in inventory, deferred income tax assets, federal and state income taxes receivable and investments in and advances to affiliates. Nucor’s results by segment for the third quarter and first nine months of 2023 and 2022 were as follows (in thousands): Three Months (13 Weeks) Ended Nine Months (39 Weeks) Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Net sales to external customers: Steel mills $ 5,091,479 $ 5,908,153 $ 15,636,508 $ 19,682,829 Steel products 3,235,969 4,087,107 9,954,828 11,253,143 Raw materials 448,286 505,495 1,417,634 1,852,539 $ 8,775,734 $ 10,500,755 $ 27,008,970 $ 32,788,511 Intercompany sales: Steel mills $ 1,201,648 $ 1,486,378 $ 3,726,346 $ 4,843,199 Steel products 132,481 139,146 333,099 391,141 Raw materials 2,894,079 3,690,120 9,653,600 11,382,329 Corporate/eliminations ( 4,228,208 ) ( 5,315,644 ) ( 13,713,045 ) ( 16,616,669 ) $ - $ - $ - $ - Earnings before income taxes and Steel mills $ 882,614 $ 1,287,855 $ 3,124,549 $ 6,682,432 Steel products 806,731 1,196,845 2,788,322 3,011,644 Raw materials 71,367 279,189 267,918 638,640 Corporate/eliminations ( 212,630 ) ( 440,967 ) ( 986,141 ) ( 1,621,277 ) $ 1,548,082 $ 2,322,922 $ 5,194,648 $ 8,711,439 September 30, 2023 December 31, 2022 Segment assets: Steel mills $ 14,786,460 $ 14,157,229 Steel products 11,199,598 12,087,145 Raw materials 3,287,907 3,383,114 Corporate/eliminations 4,993,821 2,851,722 $ 34,267,786 $ 32,479,210

Revenue

Revenue	9 Months Ended
Revenue	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	15. Revenue The following tables disaggregate our revenue by major source for the third quarter and first nine months of 2023 and 2022 (in thousands): Three Months (13 Weeks) Ended September 30, 2023 Nine Months (39 Weeks) Ended September 30, 2023 Steel Steel Raw Total Steel Steel Raw Total Sheet $ 2,351,705 $ - $ - $ 2,351,705 $ 7,100,216 $ - $ - $ 7,100,216 Bar 1,448,433 - - 1,448,433 4,646,285 - - 4,646,285 Structural 626,633 - - 626,633 1,846,892 - - 1,846,892 Plate 664,708 - - 664,708 2,043,115 - - 2,043,115 Tubular Products - 370,472 - 370,472 - 1,246,006 - 1,246,006 Rebar Fabrication - 604,684 - 604,684 - 1,718,615 - 1,718,615 Joist - 528,018 - 528,018 - 1,802,809 - 1,802,809 Deck - 411,352 - 411,352 - 1,370,570 - 1,370,570 Other Steel Products - 1,321,443 - 1,321,443 - 3,816,828 - 3,816,828 Raw Materials - - 448,286 448,286 - - 1,417,634 1,417,634 $ 5,091,479 $ 3,235,969 $ 448,286 $ 8,775,734 $ 15,636,508 $ 9,954,828 $ 1,417,634 $ 27,008,970 Three Months (13 Weeks) Ended October 1, 2022 Nine Months (39 Weeks) Ended October 1, 2022 Steel Steel Raw Total Steel Steel Raw Total Sheet $ 2,712,426 $ - $ - $ 2,712,426 $ 9,511,822 $ - $ - $ 9,511,822 Bar 1,761,335 - - 1,761,335 5,581,529 - - 5,581,529 Structural 785,930 - - 785,930 2,352,322 - - 2,352,322 Plate 648,462 - - 648,462 2,237,156 - - 2,237,156 Tubular Products - 459,427 - 459,427 - 1,583,818 - 1,583,818 Rebar Fabrication - 628,923 - 628,923 - 1,653,155 - 1,653,155 Joist - 789,249 - 789,249 - 2,089,366 - 2,089,366 Deck - 634,901 - 634,901 - 1,768,224 - 1,768,224 Other Steel Products - 1,574,607 - 1,574,607 - 4,158,580 - 4,158,580 Raw Materials - - 505,495 505,495 - - 1,852,539 1,852,539 $ 5,908,153 $ 4,087,107 $ 505,495 $ 10,500,755 $ 19,682,829 $ 11,253,143 $ 1,852,539 $ 32,788,511 Contract liabilities are primarily related to deferred revenue resulting from cash payments received in advance from customers to protect against credit risk. Contract liabilities totaled $ 333.5 million as of September 30, 2023 ($ 285.0 million as of December 31, 2022 ) and are included in accrued expenses and other current liabilities in the condensed consolidated balance sheets.

Earnings Per Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	16. Earnings Per Share The computations of basic and diluted net earnings per share for the third quarter and first nine months of 2023 and 2022 are as follows (in thousands, except per share amounts): Three Months (13 Weeks) Ended Nine Months (39 Weeks) Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Basic net earnings per share: Basic net earnings $ 1,141,506 $ 1,694,748 $ 3,739,402 $ 6,351,604 Earnings allocated to participating securities ( 4,501 ) ( 6,893 ) ( 13,788 ) ( 26,238 ) Net earnings available to common $ 1,137,005 $ 1,687,855 $ 3,725,614 $ 6,325,366 Basic average shares outstanding 248,504 259,102 250,752 264,655 Basic net earnings per share $ 4.58 $ 6.51 $ 14.86 $ 23.90 Diluted net earnings per share: Diluted net earnings $ 1,141,506 $ 1,694,748 $ 3,739,402 $ 6,351,604 Earnings allocated to participating securities ( 4,488 ) ( 6,872 ) ( 13,747 ) ( 26,145 ) Net earnings available to common $ 1,137,018 $ 1,687,876 $ 3,725,655 $ 6,325,459 Diluted average shares outstanding: Basic average shares outstanding 248,504 259,102 250,752 264,655 Dilutive effect of stock options and other 412 424 427 584 248,916 259,526 251,179 265,239 Diluted net earnings per share $ 4.57 $ 6.50 $ 14.83 $ 23.85 The following stock options were excluded from the computation of diluted net earnings per share for the third quarter and first nine months of 2023 and 2022 because their effect would have been anti-dilutive (shares in thousands): Three Months (13 Weeks) Ended Nine Months (39 Weeks) Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Anti-dilutive stock options: Weighted-average shares - 98 - 33 Weighted-average exercise price $ - $ 130.71 $ - $ 130.71

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
Goodwill and Other Intangible Assets (Tables)	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Change in Net Carrying Amount of Goodwill by Segment	The change in the net carrying amount of goodwill for the nine months ended September 30, 2023 by segment was as follows (in thousands): Steel Mills Steel Products Raw Materials Total Balance at December 31, 2022 $ 675,186 $ 2,510,045 $ 734,829 $ 3,920,060 Acquisitions - ( 2,120 ) - ( 2,120 ) Translation - 4,327 - 4,327 Balance at September 30, 2023 $ 675,186 $ 2,512,252 $ 734,829 $ 3,922,267
Schedule of Intangible Assets	Intangible assets with estimated useful lives of five to 25 years are amortized on a straight-line or accelerated basis and consisted of the following as of September 30, 2023 and December 31, 2022 (in thousands): September 30, 2023 December 31, 2022 Gross Amount Accumulated Gross Amount Accumulated Customer relationships $ 4,175,065 $ 1,243,668 $ 4,174,724 $ 1,087,834 Trademarks and trade names 364,173 159,369 364,106 142,363 Other 109,747 98,975 109,746 96,114 $ 4,648,985 $ 1,502,012 $ 4,648,576 $ 1,326,311

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2023
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 September 30, 2023 and December 31, 2022 (in thousands). 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 Quoted Prices Significant Significant As of September 30, 2023 Assets: Cash equivalents $ 5,224,958 $ 5,224,958 $ - $ - Short-term investments 863,140 863,140 - - Restricted cash and cash equivalents 12,832 12,832 - - Derivative contracts 4,345 - 4,345 - Total assets $ 6,105,276 $ 6,100,931 $ 4,345 $ - Liabilities: Derivative contracts $ ( 3,027 ) $ - $ ( 3,027 ) $ - As of December 31, 2022 Assets: Cash equivalents $ 3,182,631 $ 3,182,631 $ - $ - Short-term investments 576,946 576,946 - - Restricted cash and cash equivalents 80,368 80,368 - - Derivative contracts 34,400 - 34,400 - Total assets $ 3,874,345 $ 3,839,945 $ 34,400 $ - Liabilities: Derivative contracts $ ( 1,370 ) $ - $ ( 1,370 ) $ -

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
Stock-Based Compensation (Tables)	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Plans Activity	A summary of activity under Nucor’s stock option plans for the first nine months of 2023 is as follows (shares and aggregate intrinsic value in thousands): Weighted- Weighted- Average Average Aggregate Exercise Remaining Intrinsic Shares Price Contractual Life Value Number of shares under stock options: Outstanding at beginning of year 837 $ 66.76 Granted 91 $ 133.03 Exercised ( 181 ) $ 57.10 $ 20,865 Canceled - $ - Outstanding at September 30, 2023 747 $ 77.16 7.3 years $ 59,133 Stock options exercisable at September 30, 2023 462 $ 48.31 6.4 years $ 49,910
Summary of Nucor's Restricted Stock Unit ("RSU") Activity	A summary of Nucor’s restricted stock unit (“RSU”) activity for the first nine months of 2023 is as follows (shares in thousands): Shares Grant Date Restricted stock units: Unvested at beginning of year 1,003 $ 98.66 Granted 831 $ 133.03 Vested ( 870 ) $ 102.72 Canceled ( 12 ) $ 103.58 Unvested at September 30, 2023 952 $ 124.91
Summary of Nucor's Restricted Stock Activity under AIP and LTIP	A summary of Nucor’s restricted stock activity under the Nucor Corporation Senior Officers Annual Incentive Plan (a supplement to the Nucor Corporation 2014 Omnibus Incentive Compensation Plan, the “AIP”) and the Nucor Corporation Senior Officers Long-Term Incentive Plan (a supplement to the Nucor Corporation 2014 Omnibus Incentive Compensation Plan, the “LTIP”) for the first nine months of 2023 is as follows (shares in thousands): Grant Date Shares Fair Value Restricted stock units and restricted stock awards: Unvested at beginning of year 209 $ 108.55 Granted 414 $ 171.38 Vested ( 406 ) $ 152.68 Canceled ( 7 ) $ 154.05 Unvested at September 30, 2023 210 $ 145.55

Interest (Income) Expense (Tabl

Interest (Income) Expense (Tables)	9 Months Ended
Interest (Income) Expense (Tables)	Sep. 30, 2023
Banking and Thrift, Interest [Abstract]
Schedule of Components of Net Interest (Income) Expense	The components of net interest (income) expense for the third quarter and first nine months of 2023 and 2022 are as follows (in thousands): Three Months (13 Weeks) Ended Nine Months (39 Weeks) Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Interest expense $ 63,228 $ 54,569 $ 186,716 $ 162,159 Interest income ( 77,361 ) ( 12,222 ) ( 186,068 ) ( 18,914 ) Interest (income) expense, net $ ( 14,133 ) $ 42,347 $ 648 $ 143,245

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
Stockholders' Equity (Tables)	Sep. 30, 2023
Equity [Abstract]
Schedule Of Changes In Stock Holders 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”) and California Steel Industries, Inc. (“CSI”), in both of which Nucor owns 51 %, for the three months and nine months ended September 30, 2023 and October 1, 2022 (in thousands): Three Months (13 Weeks) Ended September 30, 2023 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, July 1, 2023 $ 20,940,928 380,154 $ 152,061 $ 2,149,693 $ 27,095,661 $ ( 128,972 ) 131,431 $ ( 9,314,764 ) $ 19,953,679 $ 987,249 Net earnings before noncontrolling interests 1,221,255 - - - 1,141,506 - - - 1,141,506 79,749 Other comprehensive income (loss) ( 19,855 ) - - - - ( 19,855 ) - - ( 19,855 ) - Stock options exercised 3,227 - - ( 386 ) - - ( 50 ) 3,613 3,227 - Stock option expense 392 - - 392 - - - - 392 - Issuance of stock under award plans, 16,353 - - 14,337 - - ( 28 ) 2,016 16,353 - Amortization of unearned 1,599 - - 1,599 - - - - 1,599 - Treasury stock acquired and net impact of excise tax ( 504,242 ) - - - - - 2,962 ( 504,242 ) ( 504,242 ) - Cash dividends declared ( 126,942 ) - - - ( 126,942 ) - - - ( 126,942 ) - Distributions to noncontrolling ( 23,633 ) - - - - - - - - ( 23,633 ) BALANCES, September 30, 2023 $ 21,509,082 380,154 $ 152,061 $ 2,165,635 $ 28,110,225 $ ( 148,827 ) 134,315 $ ( 9,813,377 ) $ 20,465,717 $ 1,043,365 Nine Months (39 Weeks) Ended September 30, 2023 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, 2022 $ 19,569,906 380,154 $ 152,061 $ 2,143,520 $ 24,754,873 $ ( 137,517 ) 126,661 $ ( 8,498,243 ) $ 18,414,694 $ 1,155,212 Net earnings before noncontrolling interests 4,039,959 - - - 3,739,402 - - - 3,739,402 300,557 Other comprehensive income (loss) ( 11,310 ) - - - - ( 11,310 ) - - ( 11,310 ) - Stock options exercised 10,350 - - ( 2,135 ) - - ( 181 ) 12,485 10,350 - Stock option expense 4,314 - - 4,314 - - - - 4,314 - Issuance of stock under award plans, 76,322 - - 15,072 - - ( 917 ) 61,250 76,322 - Amortization of unearned 4,864 - - 4,864 - - - - 4,864 - Treasury stock acquired and net impact of excise tax ( 1,388,869 ) - - - - - 8,752 ( 1,388,869 ) ( 1,388,869 ) - Cash dividends declared ( 384,050 ) - - - ( 384,050 ) - - - ( 384,050 ) - Distributions to noncontrolling ( 412,404 ) - - - - - - - - ( 412,404 ) BALANCES, September 30, 2023 $ 21,509,082 380,154 $ 152,061 $ 2,165,635 $ 28,110,225 $ ( 148,827 ) 134,315 $ ( 9,813,377 ) $ 20,465,717 $ 1,043,365 Three Months (13 Weeks) Ended October 1, 2022 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, July 2, 2022 $ 17,852,808 380,154 $ 152,061 $ 2,115,178 $ 22,064,383 $ ( 70,810 ) 118,368 $ ( 7,452,168 ) $ 16,808,644 $ 1,044,164 Net earnings before noncontrolling interests 1,799,043 - - - 1,694,748 - - - 1,694,748 104,295 Other comprehensive income (loss) ( 32,743 ) - - - - ( 32,743 ) - - ( 32,743 ) - Stock options exercised 2,784 - - ( 1,181 ) - - ( 62 ) 3,965 2,784 - Stock option expense 475 - - 475 - - - - 475 - Issuance of stock under award plans, 15,009 - - 12,949 - - ( 31 ) 2,060 15,009 - Amortization of unearned 1,100 - - 1,100 - - - - 1,100 - Treasury stock acquired ( 652,078 ) - - - - - 5,334 ( 652,078 ) ( 652,078 ) - Cash dividends declared ( 129,482 ) - - - ( 129,482 ) - - - ( 129,482 ) - Distributions to noncontrolling ( 32,237 ) - - - - - - - - ( 32,237 ) BALANCES, October 1, 2022 $ 18,824,679 380,154 $ 152,061 $ 2,128,521 $ 23,629,649 $ ( 103,553 ) 123,609 $ ( 8,098,221 ) $ 17,708,457 $ 1,116,222 Nine Months (39 Weeks) Ended October 1, 2022 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, 2021 $ 14,603,794 380,154 $ 152,061 $ 2,140,608 $ 17,674,100 $ ( 115,282 ) 107,742 $ ( 5,835,098 ) $ 14,016,389 $ 587,405 Net earnings before noncontrolling interests 6,753,395 - - - 6,351,604 - - - 6,351,604 401,791 Other comprehensive income (loss) 11,729 - - - - 11,729 - - 11,729 - Stock options exercised 21,604 - - ( 2,489 ) - - ( 421 ) 24,093 21,604 - Stock option expense 4,897 - - 4,897 - - - - 4,897 - Issuance of stock under award plans, 54,560 - - ( 18,195 ) - - ( 1,194 ) 72,755 54,560 - Amortization of unearned 3,700 - - 3,700 - - - - 3,700 - Treasury stock acquired ( 2,359,971 ) - - - - - 17,482 ( 2,359,971 ) ( 2,359,971 ) - Cash dividends declared ( 396,055 ) - - - ( 396,055 ) - - - ( 396,055 ) - Distributions to noncontrolling ( 300,772 ) - - - - - - - - ( 300,772 ) Acquisition of noncontrolling interest in CSI 427,798 - - - - - - - - 427,798 BALANCES, October 1, 2022 $ 18,824,679 380,154 $ 152,061 $ 2,128,521 $ 23,629,649 $ ( 103,553 ) 123,609 $ ( 8,098,221 ) $ 17,708,457 $ 1,116,222

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Sep. 30, 2023
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three months and nine months ended September 30, 2023 and October 1, 2022 (in thousands): Three-Month (13-Week) Period Ended September 30, 2023 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 3,500 $ ( 149,071 ) $ 16,599 $ ( 128,972 ) Other comprehensive income ( 4,779 ) ( 18,655 ) - ( 23,434 ) Amounts reclassified from (1) 3,579 - - 3,579 Net current-period other ( 1,200 ) ( 18,655 ) - ( 19,855 ) Accumulated other comprehensive $ 2,300 $ ( 167,726 ) $ 16,599 $ ( 148,827 ) Nine-Month (39-Week) Period Ended September 30, 2023 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 26,100 $ ( 180,216 ) $ 16,599 $ ( 137,517 ) Other comprehensive income ( 33,782 ) 12,490 - ( 21,292 ) Amounts reclassified from (1) 9,982 - - 9,982 Net current-period other ( 23,800 ) 12,490 - ( 11,310 ) Accumulated other comprehensive $ 2,300 $ ( 167,726 ) $ 16,599 $ ( 148,827 ) (1) Includes $ 3,579 and $ 9,982 net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the third quarter and first nine months of 2023 , respectively. The tax impact of those reclassifications was $ 1,100 and $ 3,100 in the third quarter and first nine months of 2023 , respectively. Three-Month (13-Week) Period Ended October 1, 2022 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 50,200 $ ( 129,484 ) $ 8,474 $ ( 70,810 ) Other comprehensive income (loss) 27,411 ( 43,843 ) - ( 16,432 ) Amounts reclassified from (2) ( 16,311 ) - - ( 16,311 ) Net current-period other 11,100 ( 43,843 ) - ( 32,743 ) Accumulated other comprehensive $ 61,300 $ ( 173,327 ) $ 8,474 $ ( 103,553 ) Nine-Month (39-Week) Period Ended October 1, 2022 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 1,112 $ ( 124,868 ) $ 8,474 $ ( 115,282 ) Other comprehensive income (loss) 97,025 ( 48,459 ) - 48,566 Amounts reclassified from (2) ( 36,837 ) - - ( 36,837 ) Net current-period other 60,188 ( 48,459 ) - 11,729 Accumulated other comprehensive $ 61,300 $ ( 173,327 ) $ 8,474 $ ( 103,553 ) Includes $( 16,311 ) and $( 36,837 ) net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the third quarter and first nine months of 2022 , respectively. The tax impact of those reclassifications was $( 5,200 ) and $( 11,700 ) in the third quarter and first nine months of 2022 , respectively.

Segments (Tables)

Segments (Tables)	9 Months Ended
Segments (Tables)	Sep. 30, 2023
Segment Reporting [Abstract]
Segments	Nucor’s results by segment for the third quarter and first nine months of 2023 and 2022 were as follows (in thousands): Three Months (13 Weeks) Ended Nine Months (39 Weeks) Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Net sales to external customers: Steel mills $ 5,091,479 $ 5,908,153 $ 15,636,508 $ 19,682,829 Steel products 3,235,969 4,087,107 9,954,828 11,253,143 Raw materials 448,286 505,495 1,417,634 1,852,539 $ 8,775,734 $ 10,500,755 $ 27,008,970 $ 32,788,511 Intercompany sales: Steel mills $ 1,201,648 $ 1,486,378 $ 3,726,346 $ 4,843,199 Steel products 132,481 139,146 333,099 391,141 Raw materials 2,894,079 3,690,120 9,653,600 11,382,329 Corporate/eliminations ( 4,228,208 ) ( 5,315,644 ) ( 13,713,045 ) ( 16,616,669 ) $ - $ - $ - $ - Earnings before income taxes and Steel mills $ 882,614 $ 1,287,855 $ 3,124,549 $ 6,682,432 Steel products 806,731 1,196,845 2,788,322 3,011,644 Raw materials 71,367 279,189 267,918 638,640 Corporate/eliminations ( 212,630 ) ( 440,967 ) ( 986,141 ) ( 1,621,277 ) $ 1,548,082 $ 2,322,922 $ 5,194,648 $ 8,711,439 September 30, 2023 December 31, 2022 Segment assets: Steel mills $ 14,786,460 $ 14,157,229 Steel products 11,199,598 12,087,145 Raw materials 3,287,907 3,383,114 Corporate/eliminations 4,993,821 2,851,722 $ 34,267,786 $ 32,479,210

Revenue (Tables)

Revenue (Tables)	9 Months Ended
Revenue (Tables)	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Net Sales Disaggregates by Major Source	The following tables disaggregate our revenue by major source for the third quarter and first nine months of 2023 and 2022 (in thousands): Three Months (13 Weeks) Ended September 30, 2023 Nine Months (39 Weeks) Ended September 30, 2023 Steel Steel Raw Total Steel Steel Raw Total Sheet $ 2,351,705 $ - $ - $ 2,351,705 $ 7,100,216 $ - $ - $ 7,100,216 Bar 1,448,433 - - 1,448,433 4,646,285 - - 4,646,285 Structural 626,633 - - 626,633 1,846,892 - - 1,846,892 Plate 664,708 - - 664,708 2,043,115 - - 2,043,115 Tubular Products - 370,472 - 370,472 - 1,246,006 - 1,246,006 Rebar Fabrication - 604,684 - 604,684 - 1,718,615 - 1,718,615 Joist - 528,018 - 528,018 - 1,802,809 - 1,802,809 Deck - 411,352 - 411,352 - 1,370,570 - 1,370,570 Other Steel Products - 1,321,443 - 1,321,443 - 3,816,828 - 3,816,828 Raw Materials - - 448,286 448,286 - - 1,417,634 1,417,634 $ 5,091,479 $ 3,235,969 $ 448,286 $ 8,775,734 $ 15,636,508 $ 9,954,828 $ 1,417,634 $ 27,008,970 Three Months (13 Weeks) Ended October 1, 2022 Nine Months (39 Weeks) Ended October 1, 2022 Steel Steel Raw Total Steel Steel Raw Total Sheet $ 2,712,426 $ - $ - $ 2,712,426 $ 9,511,822 $ - $ - $ 9,511,822 Bar 1,761,335 - - 1,761,335 5,581,529 - - 5,581,529 Structural 785,930 - - 785,930 2,352,322 - - 2,352,322 Plate 648,462 - - 648,462 2,237,156 - - 2,237,156 Tubular Products - 459,427 - 459,427 - 1,583,818 - 1,583,818 Rebar Fabrication - 628,923 - 628,923 - 1,653,155 - 1,653,155 Joist - 789,249 - 789,249 - 2,089,366 - 2,089,366 Deck - 634,901 - 634,901 - 1,768,224 - 1,768,224 Other Steel Products - 1,574,607 - 1,574,607 - 4,158,580 - 4,158,580 Raw Materials - - 505,495 505,495 - - 1,852,539 1,852,539 $ 5,908,153 $ 4,087,107 $ 505,495 $ 10,500,755 $ 19,682,829 $ 11,253,143 $ 1,852,539 $ 32,788,511

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2023
Earnings Per Share [Abstract]
Computations of Basic and Diluted Net Earnings Per Share	The computations of basic and diluted net earnings per share for the third quarter and first nine months of 2023 and 2022 are as follows (in thousands, except per share amounts): Three Months (13 Weeks) Ended Nine Months (39 Weeks) Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Basic net earnings per share: Basic net earnings $ 1,141,506 $ 1,694,748 $ 3,739,402 $ 6,351,604 Earnings allocated to participating securities ( 4,501 ) ( 6,893 ) ( 13,788 ) ( 26,238 ) Net earnings available to common $ 1,137,005 $ 1,687,855 $ 3,725,614 $ 6,325,366 Basic average shares outstanding 248,504 259,102 250,752 264,655 Basic net earnings per share $ 4.58 $ 6.51 $ 14.86 $ 23.90 Diluted net earnings per share: Diluted net earnings $ 1,141,506 $ 1,694,748 $ 3,739,402 $ 6,351,604 Earnings allocated to participating securities ( 4,488 ) ( 6,872 ) ( 13,747 ) ( 26,145 ) Net earnings available to common $ 1,137,018 $ 1,687,876 $ 3,725,655 $ 6,325,459 Diluted average shares outstanding: Basic average shares outstanding 248,504 259,102 250,752 264,655 Dilutive effect of stock options and other 412 424 427 584 248,916 259,526 251,179 265,239 Diluted net earnings per share $ 4.57 $ 6.50 $ 14.83 $ 23.85
Anti-dilutive Stock Options	The following stock options were excluded from the computation of diluted net earnings per share for the third quarter and first nine months of 2023 and 2022 because their effect would have been anti-dilutive (shares in thousands): Three Months (13 Weeks) Ended Nine Months (39 Weeks) Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 Anti-dilutive stock options: Weighted-average shares - 98 - 33 Weighted-average exercise price $ - $ 130.71 $ - $ 130.71

Inventories - Additional Inform

Inventories - Additional Information (Detail)	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials and supplies in inventory, percentage	37%	37%
Finished and semi-finished products in inventory, percentage	63%	63%

Property, Plant and Equipment -

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Accumulated depreciation	$ 11,660	$ 11,120

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Change in Net Carrying Amount of Goodwill by Segment (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill [Line Items]
Balance, beginning of period	$ 3,920,060
Acquisitions	(2,120)
Translation	4,327
Balance, end of period	3,922,267
Steel Mills [Member]
Goodwill [Line Items]
Balance, beginning of period	675,186
Balance, end of period	675,186
Steel Products [Member]
Goodwill [Line Items]
Balance, beginning of period	2,510,045
Acquisitions	(2,120)
Translation	4,327
Balance, end of period	2,512,252
Raw Materials [Member]
Goodwill [Line Items]
Balance, beginning of period	734,829
Balance, end of period	$ 734,829

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Finite And Indefinite Lived Intangible Assets [Line Items]
Impairment of goodwill			$ 0
Goodwill	$ 3,922,267,000		3,922,267,000		$ 3,920,060,000
Finite-lived intangible assets	3,146,973,000		3,146,973,000		3,322,265,000
Intangible asset amortization expense	58,500,000	$ 77,200,000	175,700,000	$ 164,500,000
Future amortization expense, in 2023	232,800,000		232,800,000
Future amortization expense, in 2024	233,300,000		233,300,000
Future amortization expense, in 2025	232,300,000		232,300,000
Future amortization expense, in 2026	229,400,000		229,400,000
Future amortization expense, in 2027	$ 225,100,000		$ 225,100,000
Minimum [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, useful life	5 years		5 years
Maximum [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, useful life	25 years		25 years
Steel Products [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Goodwill	$ 2,512,252,000		$ 2,512,252,000		$ 2,510,045,000
Steel Products [Member] \| Rebar Fabrication [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Percentage of fair value exceeded carrying value					34%
Goodwill	351,500,000		351,500,000		$ 347,600,000
Finite-lived intangible assets	$ 31,300,000		$ 31,300,000		$ 36,300,000

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	$ 4,648,985	$ 4,648,576
Intangible assets, Accumulated Amortization	1,502,012	1,326,311
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	4,175,065	4,174,724
Intangible assets, Accumulated Amortization	1,243,668	1,087,834
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	364,173	364,106
Intangible assets, Accumulated Amortization	159,369	142,363
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	109,747	109,746
Intangible assets, Accumulated Amortization	$ 98,975	$ 96,114

Current Liabilities - Additiona

Current Liabilities - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Liabilities, Current [Abstract]
Book overdrafts	$ 155.2	$ 163.6
Dividends payable, current	$ 126.6	$ 130.5

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities Measured at Fair Value (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	$ 863,140	$ 576,946
Total assets	34,267,786	32,479,210
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	5,224,958	3,182,631
Short-term investments	863,140	576,946
Restricted cash and cash equivalents	12,832	80,368
Derivative contracts, assets	4,345	34,400
Total assets	6,105,276	3,874,345
Derivative contracts, liabilities	(3,027)	(1,370)
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	5,224,958	3,182,631
Short-term investments	863,140	576,946
Restricted cash and cash equivalents	12,832	80,368
Total assets	6,100,931	3,839,945
Significant Other Observable Inputs (Level 2) [Member] \| Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative contracts, assets	4,345	34,400
Total assets	4,345	34,400
Derivative contracts, liabilities	$ (3,027)	$ (1,370)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair value of short-term and long-term debt, including current maturities	$ 5,770	$ 5,930

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Option Plans Activity (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Outstanding at beginning of year, Shares	837
Granted, Shares	91
Exercised, Shares	(181)
Outstanding at September 30, 2023, Shares	747
Stock options exercisable at September 30, 2023, Shares	462
Outstanding at beginning of year, Weighted - Average Exercise Price	$ 66.76
Granted, Weighted - Average Exercise Price	133.03
Exercised, Weighted - Average Exercise Price	57.1
Outstanding at September 30, 2023, Weighted - Average Exercise Price	77.16
Stock options exercisable at September 30, 2023, Weighted - Average Exercise Price	$ 48.31
Outstanding, Weighted - Average Remaining Contractual Life	7 years 3 months 18 days
Stock options exercisable, Weighted - Average Remaining Contractual Life	6 years 4 months 24 days
Exercised, Aggregate Intrinsic Value	$ 20,865
Outstanding at September 30, 2023, Aggregate Intrinsic Value	59,133
Stock options exercisable, Aggregate Intrinsic Value	$ 49,910

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expenses for stock options	$ 0.4	$ 0.5	$ 4.3	$ 4.9
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to stock	2.4		$ 2.4
Weighted-average recognition period for unrecognized compensation expense related to stock (years)			2 years
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to stock	97.6		$ 97.6
Weighted-average recognition period for unrecognized compensation expense related to stock (years)			1 year 6 months
Compensation expense	14	16.3	$ 74.7	67.2
Restricted Stock Awards and Units [Member] \| AIP and LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to stock	9.1		$ 9.1
Weighted-average recognition period for unrecognized compensation expense related to stock (years)			1 year 9 months 18 days
Compensation expense	$ 3.1	$ 8.9	$ 22.5	$ 27.7

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Nucor's Restricted Stock Unit ("RSU") Activity (Detail) - Restricted Stock Units [Member] shares in Thousands	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at beginning of year, Shares \| shares	1,003
Granted, Shares \| shares	831
Vested, Shares \| shares	(870)
Canceled, Shares \| shares	(12)
Unvested at September 30, 2023, Shares \| shares	952
Unvested at beginning of year, Grant Date Fair Value Per Share \| $ / shares	$ 98.66
Granted, Grant Date Fair Value Per Share \| $ / shares	133.03
Vested, Grant Date Fair Value Per Share \| $ / shares	102.72
Canceled, Grant Date Fair Value Per Share \| $ / shares	103.58
Unvested at September 30, 2023, Grant Date Fair Value Per Share \| $ / shares	$ 124.91

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Nucor's Restricted Stock Activity under AIP and LTIP (Detail) - Restricted Stock Units and Restricted Stock Awards [Member] shares in Thousands	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at beginning of year, Shares \| shares	209
Granted, Shares \| shares	414
Vested, Shares \| shares	(406)
Canceled, Shares \| shares	(7)
Unvested at September 30, 2023, Shares \| shares	210
Unvested at beginning of year, Grant Date Fair Value Per Share \| $ / shares	$ 108.55
Granted, Grant Date Fair Value Per Share \| $ / shares	171.38
Vested, Grant Date Fair Value Per Share \| $ / shares	152.68
Canceled, Grant Date Fair Value Per Share \| $ / shares	154.05
Unvested at September 30, 2023, Grant Date Fair Value Per Share \| $ / shares	$ 145.55

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Employee Benefit Plan [Abstract]
Profit Sharing and Retirement Savings Plan, plan expense	$ 148.6	$ 214.4	$ 505.2	$ 834.3

Interest (Income) Expense - Sch

Interest (Income) Expense - Schedule of Components of Net Interest (Income) Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Interest Revenue (Expense), Net [Abstract]
Interest expense	$ 63,228	$ 54,569	$ 186,716	$ 162,159
Interest income	(77,361)	(12,222)	(186,068)	(18,914)
Interest (income) expense, net	$ (14,133)	$ 42,347	$ 648	$ 143,245

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	21.10%	22.60%
Non-current deferred tax liabilities included in deferred credits and other liabilities	$ 1,260		$ 1,300
Non-current deferred tax assets included in other assets	$ 9.4		$ 19.3

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	May 11, 2023
Dividends declared per share	$ 0.51	$ 0.50	$ 1.53	$ 1.50
Common Stock [Member]
Share repurchase program, available repurchase amount	$ 3,500		$ 3,500
Common Stock [Member] \| Maximum [Member]
Stock Repurchase Program, Authorized Amount					$ 4,000
Nucor-Yamato Steel Company and California Steel Industries [Member]
Noncontrolling interest, ownership percentage by parent	51%	51%	51%	51%

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Change in Stockholder's Equity (Detail) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
BALANCES, beginning of period	$ 20,940,928	$ 17,852,808	$ 19,569,906	$ 14,603,794
Net earnings before noncontrolling interests	1,221,255	1,799,043	4,039,959	6,753,395
Other comprehensive income (loss)	(19,855)	(32,743)	(11,310)	11,729
Stock options exercised	3,227	2,784	$ 10,350	21,604
Stock options exercised (in shares)			181
Stock option expense	392	475	$ 4,314	4,897
Issuance of stock under award plans, net of forfeitures	16,353	15,009	76,322	54,560
Amortization of unearned compensation	1,599	1,100	4,864	3,700
Treasury stock acquired and net impact of excise tax	(504,242)	(652,078)	(1,388,869)	(2,359,971)
Cash dividends declared	(126,942)	(129,482)	(384,050)	(396,055)
Distributions to noncontrolling interests	(23,633)	(32,237)	(412,404)	(300,772)
Acquisition of noncontrolling interest in CSI				427,798
BALANCES, end of period	21,509,082	18,824,679	21,509,082	18,824,679
Common Stock [Member]
BALANCES, beginning of period	$ 152,061	$ 152,061	$ 152,061	$ 152,061
BALANCES, shares at beginning of period	380,154	380,154	380,154	380,154
BALANCES, end of period	$ 152,061	$ 152,061	$ 152,061	$ 152,061
BALANCES, shares at end of period	380,154	380,154	380,154	380,154
Additional Paid-in Capital [Member]
BALANCES, beginning of period	$ 2,149,693	$ 2,115,178	$ 2,143,520	$ 2,140,608
Stock options exercised	(386)	(1,181)	(2,135)	(2,489)
Stock option expense	392	475	4,314	4,897
Issuance of stock under award plans, net of forfeitures	14,337	12,949	15,072	(18,195)
Amortization of unearned compensation	1,599	1,100	4,864	3,700
BALANCES, end of period	2,165,635	2,128,521	2,165,635	2,128,521
Retained Earnings [Member]
BALANCES, beginning of period	27,095,661	22,064,383	24,754,873	17,674,100
Net earnings before noncontrolling interests	1,141,506	1,694,748	3,739,402	6,351,604
Cash dividends declared	(126,942)	(129,482)	(384,050)	(396,055)
BALANCES, end of period	28,110,225	23,629,649	28,110,225	23,629,649
Accumulated Other Comprehensive Income (Loss) [Member]
BALANCES, beginning of period	(128,972)	(70,810)	(137,517)	(115,282)
Other comprehensive income (loss)	(19,855)	(32,743)	(11,310)	11,729
BALANCES, end of period	(148,827)	(103,553)	(148,827)	(103,553)
Treasury Stock (at cost) [Member]
BALANCES, beginning of period	$ (9,314,764)	$ (7,452,168)	$ (8,498,243)	$ (5,835,098)
BALANCES, shares at beginning of period	131,431	118,368	126,661	107,742
Stock options exercised	$ 3,613	$ 3,965	$ 12,485	$ 24,093
Stock options exercised (in shares)	(50)	(62)	(181)	(421)
Issuance of stock under award plans, net of forfeitures	$ 2,016	$ 2,060	$ 61,250	$ 72,755
Issuance of stock under award plans, net of forfeitures, shares	(28)	(31)	(917)	(1,194)
Treasury stock acquired and net impact of excise tax	$ (504,242)	$ (652,078)	$ (1,388,869)	$ (2,359,971)
Treasury stock acquired and net impact of excise tax (in shares)	2,962	5,334	8,752	17,482
BALANCES, end of period	$ (9,813,377)	$ (8,098,221)	$ (9,813,377)	$ (8,098,221)
BALANCES, shares at end of period	134,315	123,609	134,315	123,609
Total Nucor Stockholders' Equity [Member]
BALANCES, beginning of period	$ 19,953,679	$ 16,808,644	$ 18,414,694	$ 14,016,389
Net earnings before noncontrolling interests	1,141,506	1,694,748	3,739,402	6,351,604
Other comprehensive income (loss)	(19,855)	(32,743)	(11,310)	11,729
Stock options exercised	3,227	2,784	10,350	21,604
Stock option expense	392	475	4,314	4,897
Issuance of stock under award plans, net of forfeitures	16,353	15,009	76,322	54,560
Amortization of unearned compensation	1,599	1,100	4,864	3,700
Treasury stock acquired and net impact of excise tax	(504,242)	(652,078)	(1,388,869)	(2,359,971)
Cash dividends declared	(126,942)	(129,482)	(384,050)	(396,055)
BALANCES, end of period	20,465,717	17,708,457	20,465,717	17,708,457
Noncontrolling Interests [Member]
BALANCES, beginning of period	987,249	1,044,164	1,155,212	587,405
Net earnings before noncontrolling interests	79,749	104,295	300,557	401,791
Distributions to noncontrolling interests	(23,633)	(32,237)	(412,404)	(300,772)
Acquisition of noncontrolling interest in CSI				427,798
BALANCES, end of period	$ 1,043,365	$ 1,116,222	$ 1,043,365	$ 1,116,222

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2023		Oct. 01, 2022		Sep. 30, 2023		Oct. 01, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning Balance, Gains and (Losses) on Hedging Derivatives	$ 3,500		$ 50,200		$ 26,100		$ 1,112
Other comprehensive income (loss) before reclassifications, Gains and (Losses) on Hedging Derivatives	(4,779)		27,411		(33,782)		97,025
Amounts reclassified from accumulated other comprehensive income (loss) into earnings, Gains and (Losses) on Hedging Derivatives	3,579	[1]	(16,311)	[2]	9,982	[1]	(36,837)	[2]
Net current-period other comprehensive income (loss), Gains and (Losses) on Hedging Derivatives	(1,200)		11,100		(23,800)		60,188
Ending Balance, Gains and (Losses) on Hedging Derivatives	2,300		61,300		2,300		61,300
Beginning Balance, Foreign Currency Gains (Losses)	(149,071)		(129,484)		(180,216)		(124,868)
Other comprehensive income (loss) before reclassifications, Foreign Currency Gains (Losses)	(18,655)		(43,843)		12,490		(48,459)
Net current-period other comprehensive income (loss), Foreign Currency Gains (Losses)	(18,655)		(43,843)		12,490		(48,459)
Ending Balance, Foreign Currency Gains (Losses)	(167,726)		(173,327)		(167,726)		(173,327)
Beginning Balance, Adjustment to Early Retiree Medical Plan	16,599		8,474		16,599		8,474
Ending Balance, Adjustment to Early Retiree Medical Plan	16,599		8,474		16,599		8,474
Beginning Balance	(128,972)		(70,810)		(137,517)		(115,282)
Other comprehensive income (loss) before reclassifications	(23,434)		(16,432)		(21,292)		48,566
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	3,579	[1]	(16,311)	[2]	9,982	[1]	(36,837)	[2]
Net current-period other comprehensive income (loss)	(19,855)		(32,743)		(11,310)		11,729
Ending Balance	$ (148,827)		$ (103,553)		$ (148,827)		$ (103,553)

[1] Includes $ 3,579 and $ 9,982 net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the third quarter and first nine months of 2023 , respectively. The tax impact of those reclassifications was $ 1,100 and $ 3,100 in the third quarter and first nine months of 2023 , respectively. Includes $( 16,311 ) and $( 36,837 ) net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the third quarter and first nine months of 2022 , respectively. The tax impact of those reclassifications was $( 5,200 ) and $( 11,700 ) in the third quarter and first nine months of 2022 , respectively.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2023		Oct. 01, 2022		Sep. 30, 2023		Oct. 01, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss) into earnings, Gains and (Losses) on Hedging Derivatives	$ 3,579	[1]	$ (16,311)	[2]	$ 9,982	[1]	$ (36,837)	[2]
Reclassification adjustment for (gain) loss on settlement of hedging derivatives included in net earnings, tax effect	1,100		(5,200)		3,100		(11,700)
Cost of Products Sold [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss) into earnings, Gains and (Losses) on Hedging Derivatives	3,579		(16,311)		9,982		(36,837)
Reclassification adjustment for (gain) loss on settlement of hedging derivatives included in net earnings, tax effect	$ 1,100		$ (5,200)		$ 3,100		$ (11,700)

[1] Includes $ 3,579 and $ 9,982 net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the third quarter and first nine months of 2023 , respectively. The tax impact of those reclassifications was $ 1,100 and $ 3,100 in the third quarter and first nine months of 2023 , respectively. Includes $( 16,311 ) and $( 36,837 ) net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the third quarter and first nine months of 2022 , respectively. The tax impact of those reclassifications was $( 5,200 ) and $( 11,700 ) in the third quarter and first nine months of 2022 , respectively.

Segments - Segments (Detail)

Segments - Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segments - Segments (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net sales	$ 8,775,734	$ 10,500,755	$ 27,008,970	$ 32,788,511
Earnings (losses) before income taxes and noncontrolling interests	1,548,082	2,322,922	5,194,648	8,711,439
Total assets	34,267,786		34,267,786		$ 32,479,210
Operating Segments [Member] \| Steel Mills [Member]
Segment Reporting Information [Line Items]
Net sales	5,091,479	5,908,153	15,636,508	19,682,829
Earnings (losses) before income taxes and noncontrolling interests	882,614	1,287,855	3,124,549	6,682,432
Total assets	14,786,460		14,786,460		14,157,229
Operating Segments [Member] \| Steel Products [Member]
Segment Reporting Information [Line Items]
Net sales	3,235,969	4,087,107	9,954,828	11,253,143
Earnings (losses) before income taxes and noncontrolling interests	806,731	1,196,845	2,788,322	3,011,644
Total assets	11,199,598		11,199,598		12,087,145
Operating Segments [Member] \| Raw Materials [Member]
Segment Reporting Information [Line Items]
Net sales	448,286	505,495	1,417,634	1,852,539
Earnings (losses) before income taxes and noncontrolling interests	71,367	279,189	267,918	638,640
Total assets	3,287,907		3,287,907		3,383,114
Intercompany Eliminations [Member] \| Steel Mills [Member]
Segment Reporting Information [Line Items]
Net sales	1,201,648	1,486,378	3,726,346	4,843,199
Intercompany Eliminations [Member] \| Steel Products [Member]
Segment Reporting Information [Line Items]
Net sales	132,481	139,146	333,099	391,141
Intercompany Eliminations [Member] \| Raw Materials [Member]
Segment Reporting Information [Line Items]
Net sales	2,894,079	3,690,120	9,653,600	11,382,329
Corporate and Eliminations Items [Member]
Segment Reporting Information [Line Items]
Net sales	(4,228,208)	(5,315,644)	(13,713,045)	(16,616,669)
Earnings (losses) before income taxes and noncontrolling interests	(212,630)	$ (440,967)	(986,141)	$ (1,621,277)
Corporate/eliminations [Member]
Segment Reporting Information [Line Items]
Total assets	$ 4,993,821		$ 4,993,821		$ 2,851,722

Revenue - Schedule of Net Sales

Revenue - Schedule of Net Sales Disaggregates by Major Source (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Revenue from Contract with Customers [Line Items]
Revenues	$ 8,775,734	$ 10,500,755	$ 27,008,970	$ 32,788,511
Sheet [Member]
Revenue from Contract with Customers [Line Items]
Revenues	2,351,705	2,712,426	7,100,216	9,511,822
Bar [Member]
Revenue from Contract with Customers [Line Items]
Revenues	1,448,433	1,761,335	4,646,285	5,581,529
Structural [Member]
Revenue from Contract with Customers [Line Items]
Revenues	626,633	785,930	1,846,892	2,352,322
Plate [Member]
Revenue from Contract with Customers [Line Items]
Revenues	664,708	648,462	2,043,115	2,237,156
Tubular Products [Member]
Revenue from Contract with Customers [Line Items]
Revenues	370,472	459,427	1,246,006	1,583,818
Rebar Fabrication [Member]
Revenue from Contract with Customers [Line Items]
Revenues	604,684	628,923	1,718,615	1,653,155
Joist [Member]
Revenue from Contract with Customers [Line Items]
Revenues	528,018	789,249	1,802,809	2,089,366
Deck [Member]
Revenue from Contract with Customers [Line Items]
Revenues	411,352	634,901	1,370,570	1,768,224
Other Steel Products [Member]
Revenue from Contract with Customers [Line Items]
Revenues	1,321,443	1,574,607	3,816,828	4,158,580
Raw Materials [Member]
Revenue from Contract with Customers [Line Items]
Revenues	448,286	505,495	1,417,634	1,852,539
Steel Mills [Member]
Revenue from Contract with Customers [Line Items]
Revenues	5,091,479	5,908,153	15,636,508	19,682,829
Steel Mills [Member] \| Sheet [Member]
Revenue from Contract with Customers [Line Items]
Revenues	2,351,705	2,712,426	7,100,216	9,511,822
Steel Mills [Member] \| Bar [Member]
Revenue from Contract with Customers [Line Items]
Revenues	1,448,433	1,761,335	4,646,285	5,581,529
Steel Mills [Member] \| Structural [Member]
Revenue from Contract with Customers [Line Items]
Revenues	626,633	785,930	1,846,892	2,352,322
Steel Mills [Member] \| Plate [Member]
Revenue from Contract with Customers [Line Items]
Revenues	664,708	648,462	2,043,115	2,237,156
Steel Products [Member]
Revenue from Contract with Customers [Line Items]
Revenues	3,235,969	4,087,107	9,954,828	11,253,143
Steel Products [Member] \| Tubular Products [Member]
Revenue from Contract with Customers [Line Items]
Revenues	370,472	459,427	1,246,006	1,583,818
Steel Products [Member] \| Rebar Fabrication [Member]
Revenue from Contract with Customers [Line Items]
Revenues	604,684	628,923	1,718,615	1,653,155
Steel Products [Member] \| Joist [Member]
Revenue from Contract with Customers [Line Items]
Revenues	528,018	789,249	1,802,809	2,089,366
Steel Products [Member] \| Deck [Member]
Revenue from Contract with Customers [Line Items]
Revenues	411,352	634,901	1,370,570	1,768,224
Steel Products [Member] \| Other Steel Products [Member]
Revenue from Contract with Customers [Line Items]
Revenues	1,321,443	1,574,607	3,816,828	4,158,580
Raw Materials [Member]
Revenue from Contract with Customers [Line Items]
Revenues	448,286	505,495	1,417,634	1,852,539
Raw Materials [Member] \| Raw Materials [Member]
Revenue from Contract with Customers [Line Items]
Revenues	$ 448,286	$ 505,495	$ 1,417,634	$ 1,852,539

Revenue - Additional Informatio

Revenue - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 333.5	$ 285

Earnings Per Share - Computatio

Earnings Per Share - Computations of Basic and Diluted Net Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Oct. 01, 2022	Sep. 30, 2023	Oct. 01, 2022
Earnings Per Share [Abstract]
Net Income (Loss)	$ 1,141,506	$ 1,694,748	$ 3,739,402	$ 6,351,604
Earnings allocated to participating securities, Basic	(4,501)	(6,893)	(13,788)	(26,238)
Net earnings available to common stockholders, Basic	$ 1,137,005	$ 1,687,855	$ 3,725,614	$ 6,325,366
Basic average shares outstanding	248,504	259,102	250,752	264,655
Basic net earnings per share	$ 4.58	$ 6.51	$ 14.86	$ 23.9
Diluted net earnings	$ 1,141,506	$ 1,694,748	$ 3,739,402	$ 6,351,604
Earnings allocated to participating securities, Diluted	(4,488)	(6,872)	(13,747)	(26,145)
Net earnings available to common stockholders, Diluted	$ 1,137,018	$ 1,687,876	$ 3,725,655	$ 6,325,459
Dilutive effect of stock options and other	412	424	427	584
Diluted average shares outstanding	248,916	259,526	251,179	265,239
Diluted net earnings per share	$ 4.57	$ 6.5	$ 14.83	$ 23.85

Earnings Per Share - Anti-dilut

Earnings Per Share - Anti-dilutive Stock Options (Detail) - $ / shares shares in Thousands	3 Months Ended	9 Months Ended
	Oct. 01, 2022	Oct. 01, 2022
Earnings Per Share [Abstract]
Weighted-average shares	98	33
Weighted-average exercise price	$ 130.71	$ 130.71