Derivatives (Tables)

3 Months Ended

Mar. 30, 2013

The following tables summarize information regarding Nucor’s derivative instruments (in thousands):

Fair Value of Derivative Instruments


		Fair Value at
	Balance Sheet Location	March 30, 2013		Dec. 31, 2012
Asset derivatives not designated as hedging instruments:
Commodity contracts	Other current assets	$	1,637	$	—
Foreign exchange contracts	Other current assets		9	$	—

Total asset derivatives		$	1,646	$	—


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	)

Total liability derivatives		$	—	$	(318	)

Designated as Hedging Instrument [Member]

Effect of Derivative Instruments on Condensed Consolidated Statements of Earnings

The Effect of Derivative Instruments on the Condensed Consolidated Statements of Earnings

Derivatives Designated as Hedging Instruments

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

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

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

Derivatives in Cash Flow Hedging

Relationships

Statement of Earnings
Location

Three Months
(13 weeks) Ended

March 30,
2013

March 31,
2012

March 30,
2013

March 31,
2012

March 30,
2013

March 31,
2012

Commodity contracts

Cost of products sold

—

(2,264

)

—

(10,854

)

—

500

Not Designated as Hedging Instrument [Member]

Effect of Derivative Instruments on Condensed Consolidated Statements of Earnings

Derivatives Not Designated as Hedging Instruments


Derivatives Not Designated as Hedging Instruments	Statement of Earnings Location	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		Three Months (13 weeks) Ended
		March 30, 2013		March 31, 2012

Commodity contracts	Cost of products sold	$	2,509	$	(1,350	)

Foreign exchange contracts	Cost of products sold		116		57

Total		$	2,625	$	(1,293	)

- 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