Derivatives (Tables)

3 Months Ended

Apr. 02, 2016

Fair Values of Derivative Instruments

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

Fair Value of Derivative Instruments

		Fair Value at
	Balance Sheet Location	April 2, 2016			Dec. 31, 2015
Asset derivatives not designated as hedging instruments:
Foreign exchange contracts	Other current assets	$	—		$	909
Liability derivatives designated as hedging instruments:
Commodity contracts	Accrued expenses and other current liabilities	$	(14,900	)	$	(15,700	)
Commodity contracts	Deferred credits and other liabilities		(1,600	)		(2,800	)
Total liability derivatives designated as hedging instruments			(16,500	)		(18,500	)
Liability derivatives not designated as hedging instruments:
Commodity contracts	Accrued expenses and other current liabilities		(1	)		(353	)
Foreign exchange contracts	Accrued expenses and other current liabilities		(339	)		—
Total liability derivatives not designated as hedging instruments			(340	)		(353	)
Total liability derivatives		$	(16,840	)	$	(18,853	)

Derivatives 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), 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					Three Months (13  weeks) Ended						Three Months (13  weeks) Ended
Derivatives in Cash Flow Hedging Relationships	Statement of Earnings Location	April 2, 2016		April 4, 2015			April 2, 2016			April 4, 2015			April 2, 2016		April  4, 2015
Commodity contracts	Cost of products sold	$	(1,731)	$	(2,268	)	$	(3,031	)	$	(168	)	$	—	$	—

Derivatives Not Designated as Hedging Instrument [Member]

Effect of Derivative Instruments on Condensed Consolidated Statements of Earnings

		Amount of Gain or  (Loss) Recognized in Earnings on Derivatives
	Statement of Earnings Location	Three Months (13 weeks) Ended
Derivatives Not Designated as Hedging Instruments		April 2, 2016			April 4, 2015
Commodity contracts	Cost of products sold	$	88		$	304
Foreign exchange contracts	Cost of products sold		(818	)		758
Total		$	(730	)	$	1,062