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Segments (Tables)
6 Months Ended
Jul. 01, 2023
Segment Reporting [Abstract]  
Segments

Nucor’s results by segment for the second quarter and first six months of 2023 and 2022 were as follows (in thousands):

 

 

 

Three Months (13 Weeks) Ended

 

 

Six Months (26 Weeks) Ended

 

 

 

July 1, 2023

 

 

July 2, 2022

 

 

July 1, 2023

 

 

July 2, 2022

 

Net sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

5,565,772

 

 

$

7,256,067

 

 

$

10,545,029

 

 

$

13,774,676

 

Steel products

 

 

3,442,862

 

 

 

3,842,948

 

 

 

6,718,859

 

 

 

7,166,036

 

Raw materials

 

 

514,622

 

 

 

695,459

 

 

 

969,348

 

 

 

1,347,044

 

 

$

9,523,256

 

 

$

11,794,474

 

 

$

18,233,236

 

 

$

22,287,756

 

Intercompany sales:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

1,361,066

 

 

$

1,763,563

 

 

$

2,524,698

 

 

$

3,356,821

 

Steel products

 

 

100,257

 

 

 

117,289

 

 

 

200,618

 

 

 

251,995

 

Raw materials

 

 

3,588,629

 

 

 

4,145,690

 

 

 

6,759,521

 

 

 

7,692,209

 

Corporate/eliminations

 

 

(5,049,952

)

 

 

(6,026,542

)

 

 

(9,484,837

)

 

 

(11,301,025

)

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Earnings before income taxes and
   noncontrolling interests:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

1,403,547

 

 

$

2,815,723

 

 

$

2,241,935

 

 

$

5,394,577

 

Steel products

 

 

1,010,789

 

 

 

1,129,932

 

 

 

1,981,591

 

 

 

1,814,799

 

Raw materials

 

 

138,411

 

 

 

263,598

 

 

 

196,551

 

 

 

359,451

 

Corporate/eliminations

 

 

(502,965

)

 

 

(718,851

)

 

 

(773,511

)

 

 

(1,180,310

)

 

$

2,049,782

 

 

$

3,490,402

 

 

$

3,646,566

 

 

$

6,388,517

 

 

 

 

July 1, 2023

 

 

Dec. 31, 2022

 

Segment assets:

 

 

 

 

 

 

Steel mills

 

$

14,828,076

 

 

$

14,157,229

 

Steel products

 

 

11,487,936

 

 

 

12,087,145

 

Raw materials

 

 

3,292,148

 

 

 

3,383,114

 

Corporate/eliminations

 

 

3,771,756

 

 

 

2,851,722

 

 

 

$

33,379,916

 

 

$

32,479,210