Property, Plant and Equipment

9 Months Ended

Sep. 28, 2013

3.	PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment was recorded net of accumulated depreciation of $6.52 billion at September 28, 2013 ($6.16 billion at December 31, 2012).

In the third quarter of 2013, a storage dome collapsed at Nucor Steel Louisiana in St. James Parish. As a result, Nucor recorded a partial write down of assets at the facility, including $21.0 million of property, plant and equipment and $7.0 million of inventory, offset by a $14.0 million insurance receivable that was based on management’s estimate of probable insurance recoveries. The associated net charge of $14.0 million is included in marketing, administrative and other expenses in the condensed consolidated statement of earnings.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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