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Segments (Tables)
9 Months Ended
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
   noncontrolling interests:

 

 

 

 

 

 

 

 

 

 

 

 

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