Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

The following tables summarize information regarding Nucor’s derivative instruments:

Fair Value of Derivative Instruments (in thousands)


		Fair Value at December 31,
	Consolidated Balance Sheet Location	2012		2011

Asset derivatives not designated as hedging instruments:
Commodity contracts	Other current assets	$	-	$	5,071


Liability derivatives designated as hedging instruments:
Commodity contracts	Accrued expenses and other current liabilities	$	-	$	(21,100)


Liability derivatives not designated as hedging instruments:
Commodity contracts	Accrued expenses and other current liabilities		(303)		-
Foreign exchange contracts	Accrued expenses and other current liabilities		(15)		(334)

Total liability derivatives not designated as hedging instruments			(318)		(334)


Total liability derivatives		$	(318)	$	(21,434)

Designated as Hedging Instrument [Member]

Effect of Derivative Instruments on Condensed Consolidated Statements of Earnings

The Effect of Derivative Instruments on the Consolidated Statements of Earnings

Derivatives Designated as Hedging Instruments (in thousands)

Derivatives in
Cash Flow

Hedging
Relationships

Statement of
Earnings

Location

Amount of Gain or
(Loss) Recognized in
OCI on Derivative
(Effective Portion)

Amount of Gain or
(Loss) Reclassified from
Accumulated
OCI into Earnings
(Effective Portion)

Amount of Gain or
(Loss) Recognized
in Earnings
on Derivative
(Ineffective Portion)

2012

2011

2010

2012

2011

2010

2012

2011

2010

Commodity contracts

Cost of products sold

(2,264)

(8,454)

(29,957)

(42,515)

(37,093)

(35,141)

500

600

Not Designated as Hedging Instrument [Member]

Effect of Derivative Instruments on Condensed Consolidated Statements of Earnings

Derivatives Not Designated as Hedging Instruments (in thousands)

Derivatives Not Designated

Statement of Earnings

Location

Amount of Gain or (Loss)
Recognized in Earnings on
Derivative

as Hedging Instruments

2012

2011

2010

Commodity contracts

Cost of products sold

1,321

11,757

(1,417)

Foreign exchange contracts

Cost of products sold

198

(665)

907

Total

1,519

11,092

(510)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details