Fair Value Measurements (Tables)

9 Months Ended

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 Amount in Condensed Consolidated Balance Sheets			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
As of 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	)	$	-