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

Fair Value of Derivative Instruments


		Fair Value at
	Balance Sheet Location	Oct. 3, 2015			Dec. 31, 2014
Asset derivatives not designated as hedging instruments:
Commodity contracts	Other current assets	$	102		$	1,856
Foreign exchange contracts	Other current assets		175			372

Total asset derivatives not designated as hedging instruments		$	277		$	2,228

Liability derivatives designated as hedging instruments:
Commodity contracts	Accrued expenses and other current liabilities	$	(13,800	)	$	(6,400	)
Commodity contracts	Deferred credits and other liabilities		(4,700	)		(6,300	)

Total liability derivatives designated as hedging instruments		$	(18,500	)	$	(12,700	)

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

Derivatives in Cash Flow Hedging

Relationships

Statement of
Earnings Location

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

Amount of Gain
or (Loss),
net of tax,
Reclassified from
Accumulated OCI into
Earnings
on Derivatives
(Effective Portion)

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

Three Months
(13 Weeks) Ended

Oct. 3,
2015

Oct. 4,
2014

Oct. 3,
2015

Oct. 4,
2014

Oct. 3,
2015

Oct. 4,
2014

Commodity contracts

Cost of products sold

$

(3,985)

$

103

$

(1,685

)

$

(197

)

$

—

$

—

.

Derivatives in Cash Flow Hedging

Relationships

Statement of
Earnings Location

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

Amount of Gain
or (Loss),
net of tax,
Reclassified from
Accumulated OCI into
Earnings
on Derivatives
(Effective Portion)

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

Nine Months
(39 Weeks) Ended

Oct. 3,
2015

Oct. 4,
2014

Oct. 3,
2015

Oct. 4,
2014

Oct. 3,
2015

Oct. 4,
2014

Commodity contracts

Cost of products sold

$

(6,717)

$

(1,530

)

$

(3,017

)

$

(430

)

$

—

$

—

Effect of Derivative Instruments on Condensed Consolidated Statements of Earnings

Derivatives Not Designated as Hedging Instruments

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

Three Months (13 Weeks)
Ended

Nine Months (39 Weeks)
Ended

Derivatives Not Designated as

Hedging Instruments

Statement of
Earnings Location

Oct. 3,
2015

Oct. 4,
2014

Oct. 3,
2015

Oct. 4,
2014

Commodity contracts

Cost of products sold

$

658

$

844

$

2,314

$

1,282

Foreign exchange contracts

Cost of products sold

602

314

1,364

266

Total

$

1,260

$

1,158

$

3,678

$

1,548