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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Schedule of Financial Assets and Financial Liabilities Measured at Fair Value

The following table summarizes information regarding Nucor’s financial assets and financial liabilities that are measured at fair value as of December 31, 2013 and 2012 (in thousands). Nucor does not currently have any non-financial assets or liabilities that are measured at fair value on a recurring basis.

 

           Fair Value Measurements at Reporting Date Using  
     Carrying
Amount in
Consolidated
Balance Sheets
    Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
     Significant
Other
Observable
Inputs (Level
2)
    Significant
Unobservable
Inputs
(Level 3)
 

December 31, 2013

         

Assets:

         

Cash equivalents

   $ 1,269,465      $ 1,269,465       $ —        $ —     

Short-term investments

     28,191        28,191         —          —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total assets

   $ 1,297,656      $ 1,297,656       $ —        $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Liabilities:

         

Foreign exchange and commodity contracts

   $ (555   $ —         $ (555   $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

December 31, 2012

         

Assets:

         

Cash equivalents

   $ 830,011      $ 830,011       $ —        $ —     

Short-term investments

     104,167        104,167         —          —     

Restricted cash and investments

     275,163        275,163         —          —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Total assets

   $ 1,209,341      $ 1,209,341       $ —        $ —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Liabilities:

         

Foreign exchange and commodity contracts

   $ (318   $ —         $ (318   $ —