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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive “compensation actually paid” (“CAP”) and certain Company and peer group financial performance measures for the fiscal years listed below. Please refer to our CD&A for a complete description of how executive compensation relates to Company performance and how the Committee makes its decisions.
 
                                     
Value of Initial
Fixed $100
Investment Based
On:
                  
 Year
   
Summary
Compensation
Table Total for
PEO
($) (1)
     
Compensation
Actually Paid
to PEO
($) (1) (2) (3)
     
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($) (4)
     
Average
Compensation
Actually Paid
to
Non-PEO
NEOs
($) (2) (3) (4)
     
Nucor
TSR
($) (5)
     
Peer Group
TSR
($) (5)
     
Net
Income
(in
millions)
($)
     
ROE
  
 (a)
   
(b)
     
(c)
     
(d)
     
(e)
     
(f)
     
(g)
     
(h)
     
(i)
  
 2023      22,500,626        40,100,366        7,436,632        12,599,657        337        299        4,525        23.0 % 
 2022      23,073,171        37,341,765        6,499,047        8,430,764        252        216        7,607        46.9 % 
 2021      11,618,019        52,148,691        5,246,942        23,557,361        215        179        6,827        55.0 % 
 2020      11,265,538        12,399,819        7,296,327        5,762,046        98        106        721        6.8 % 
(1)   The principal executive officer, or PEO, for each of the years listed is Leon J. Topalian.
(2)   The dollar amounts shown in these columns reflect “compensation actually paid” computed in accordance with SEC rules. The SEC rules require the use of the fair value of Nucor common stock at points in time and do not reflect that a significant portion of CAP may never be earned or delivered to NEOs due to a number of factors, including the failure of the NEOs to satisfy vesting requirements or a decrease in the fair value of Nucor common stock. The Total Adjustments for Equity Awards are shown in the table below.
 
     
2023
     
2022
     
2021
     
2020
  
PEO
   
$
     
$
     
$
     
$
  
Total Compensation from Summary Compensation Table
      22,500,626        23,073,171        11,618,019        11,265,538  
Adjustments for Equity Awards:
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
Grant date values in the Summary Compensation Table
      (13,953,031 )       (13,632,413 )       (5,689,943 )       (5,312,358 ) 
Year-end
fair value of unvested awards granted in the current year
      20,034,869        18,173,840        12,422,466        6,896,426  
Year-over-year difference of
year-end
fair values for unvested awards granted in prior years
      7,651,801        7,527,586        28,207,308        81,777  
Fair values at vest date for awards granted and vested in current year
      688,608        546,000        —        —  
Difference in prior
year-end
fair values and vest date fair values for awards granted in prior years
      2,970,935        1,412,224        5,434,578        (690,755 ) 
Dividends or dividend equivalents in the current year prior to vesting
      206,558        241,357        156,263        159,191  
Total Adjustments for Equity Awards
      17,599,740        14,268,594        40,530,672        1,134,281  
CAP (as calculated)
      40,100,366        37,341,765        52,148,691        12,399,819  
 
     
2023
     
2022
     
2021
     
2020
  
Average
Non-PEO
NEOs
   
$
     
$
     
$
     
$
  
Total Compensation from Summary Compensation Table
      7,436,632        6,499,047        5,246,942        7,296,327  
Adjustments for Equity Awards:
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
Grant date values in the Summary Compensation Table
      (4,372,935 )       (3,844,616 )       (2,431,870 )       (2,578,948 ) 
Year-end
fair value of unvested awards granted in the current year
      6,034,842        3,238,139        5,092,457        1,938,739  
Year-over-year difference of
year-end
fair values for unvested awards granted in prior years
      2,449,994        430,648        11,458,211        (483,507 ) 
Fair values at vest date for awards granted and vested in current year
      214,417        1,194,601        528,952        658,862  
Difference in prior
year-end
fair values and vest date fair values for awards granted in prior years
      732,283        834,710        3,512,002        (1,239,087 ) 
Dividends or dividend equivalents in the current year prior to vesting
      104,424        78,235        150,667        169,660  
Total Adjustments for Equity Awards
      5,163,025        1,931,717        18,310,419        (1,534,281 ) 
CAP (as calculated)
      12,599,657        8,430,764        23,557,361        5,762,046  
(3)   Equity valuation assumptions for calculating CAP are not materially different from grant date valuation assumptions.
(4)   Information regarding
non-PEO
named executive officers, or NEOs, reflects the average Summary Compensation Table total compensation and average CAP for the following executives by year:
2023: Stephen D. Laxton, David A. Sumoski, Daniel R. Needham and K. Rex Query
2022: James D. Frias, Stephen D. Laxton, Daniel R. Needham, K. Rex Query, MaryEmily Slate and D. Chad Utermark
2021: James D. Frias, Douglas J. Jellison, David A. Sumoski and D. Chad Utermark
2020: James D. Frias, Ladd R. Hall, Raymond S. Napolitan, Jr., David A. Sumoski and D. Chad Utermark
(5)   Total shareholder return (“TSR”) is calculated based on the value of an initial fixed investment of $100 on December 31, 2019, assuming reinvestment of dividends. The peer group TSR represents TSR of the S&P 1500 Steel Index, which is the peer group used by the Company for purposes of Item 201(e) of SEC Regulation
S-K
in the Company’s Annual Report on Form
10-K
for the fiscal year ended December 31, 2023.
     
Company Selected Measure Name ROE      
Named Executive Officers, Footnote
(4)   Information regarding
non-PEO
named executive officers, or NEOs, reflects the average Summary Compensation Table total compensation and average CAP for the following executives by year:
2023: Stephen D. Laxton, David A. Sumoski, Daniel R. Needham and K. Rex Query
2022: James D. Frias, Stephen D. Laxton, Daniel R. Needham, K. Rex Query, MaryEmily Slate and D. Chad Utermark
2021: James D. Frias, Douglas J. Jellison, David A. Sumoski and D. Chad Utermark
2020: James D. Frias, Ladd R. Hall, Raymond S. Napolitan, Jr., David A. Sumoski and D. Chad Utermark
     
Peer Group Issuers, Footnote The peer group TSR represents TSR of the S&P 1500 Steel Index, which is the peer group used by the Company for purposes of Item 201(e) of SEC Regulation
S-K
in the Company’s Annual Report on Form
10-K
for the fiscal year ended December 31, 2023. 		     
PEO Total Compensation Amount $ 22,500,626 $ 23,073,171 $ 11,618,019 $ 11,265,538
PEO Actually Paid Compensation Amount $ 40,100,366 37,341,765 52,148,691 12,399,819
Adjustment To PEO Compensation, Footnote
(2)   The dollar amounts shown in these columns reflect “compensation actually paid” computed in accordance with SEC rules. The SEC rules require the use of the fair value of Nucor common stock at points in time and do not reflect that a significant portion of CAP may never be earned or delivered to NEOs due to a number of factors, including the failure of the NEOs to satisfy vesting requirements or a decrease in the fair value of Nucor common stock. The Total Adjustments for Equity Awards are shown in the table below.
 
     
2023
     
2022
     
2021
     
2020
  
PEO
   
$
     
$
     
$
     
$
  
Total Compensation from Summary Compensation Table
      22,500,626        23,073,171        11,618,019        11,265,538  
Adjustments for Equity Awards:
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
Grant date values in the Summary Compensation Table
      (13,953,031 )       (13,632,413 )       (5,689,943 )       (5,312,358 ) 
Year-end
fair value of unvested awards granted in the current year
      20,034,869        18,173,840        12,422,466        6,896,426  
Year-over-year difference of
year-end
fair values for unvested awards granted in prior years
      7,651,801        7,527,586        28,207,308        81,777  
Fair values at vest date for awards granted and vested in current year
      688,608        546,000        —        —  
Difference in prior
year-end
fair values and vest date fair values for awards granted in prior years
      2,970,935        1,412,224        5,434,578        (690,755 ) 
Dividends or dividend equivalents in the current year prior to vesting
      206,558        241,357        156,263        159,191  
Total Adjustments for Equity Awards
      17,599,740        14,268,594        40,530,672        1,134,281  
CAP (as calculated)
      40,100,366        37,341,765        52,148,691        12,399,819  
     
Non-PEO NEO Average Total Compensation Amount $ 7,436,632 6,499,047 5,246,942 7,296,327
Non-PEO NEO Average Compensation Actually Paid Amount $ 12,599,657 8,430,764 23,557,361 5,762,046
Adjustment to Non-PEO NEO Compensation Footnote
(2)   The dollar amounts shown in these columns reflect “compensation actually paid” computed in accordance with SEC rules. The SEC rules require the use of the fair value of Nucor common stock at points in time and do not reflect that a significant portion of CAP may never be earned or delivered to NEOs due to a number of factors, including the failure of the NEOs to satisfy vesting requirements or a decrease in the fair value of Nucor common stock. The Total Adjustments for Equity Awards are shown in the table below.
 
     
2023
     
2022
     
2021
     
2020
  
Average
Non-PEO
NEOs
   
$
     
$
     
$
     
$
  
Total Compensation from Summary Compensation Table
      7,436,632        6,499,047        5,246,942        7,296,327  
Adjustments for Equity Awards:
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
Grant date values in the Summary Compensation Table
      (4,372,935 )       (3,844,616 )       (2,431,870 )       (2,578,948 ) 
Year-end
fair value of unvested awards granted in the current year
      6,034,842        3,238,139        5,092,457        1,938,739  
Year-over-year difference of
year-end
fair values for unvested awards granted in prior years
      2,449,994        430,648        11,458,211        (483,507 ) 
Fair values at vest date for awards granted and vested in current year
      214,417        1,194,601        528,952        658,862  
Difference in prior
year-end
fair values and vest date fair values for awards granted in prior years
      732,283        834,710        3,512,002        (1,239,087 ) 
Dividends or dividend equivalents in the current year prior to vesting
      104,424        78,235        150,667        169,660  
Total Adjustments for Equity Awards
      5,163,025        1,931,717        18,310,419        (1,534,281 ) 
CAP (as calculated)
      12,599,657        8,430,764        23,557,361        5,762,046  
     
Compensation Actually Paid vs. Total Shareholder Return
LOGO
     
Compensation Actually Paid vs. Net Income
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
LOGO
     
Total Shareholder Return Vs Peer Group
LOGO
     
Tabular List, Table
In our assessment, the most important financial performance measures used to link CAP to our NEOs in 2023 to our performance were:
 
  •  
ROE;
 
  •  
ROAIC; and
 
  •  
stock price.
     
Total Shareholder Return Amount $ 337 252 215 98
Peer Group Total Shareholder Return Amount 299 216 179 106
Net Income (Loss) $ 4,525,000,000 $ 7,607,000,000 $ 6,827,000,000 $ 721,000,000
Company Selected Measure Amount 0.23 0.469 0.55 0.068
PEO Name Leon J. Topalian      
Measure:: 1        
Pay vs Performance Disclosure        
Name ROE      
Measure:: 2        
Pay vs Performance Disclosure        
Name ROAIC      
Measure:: 3        
Pay vs Performance Disclosure        
Name stock price      
PEO | Grant Date Values In The Summary Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (13,953,031) $ (13,632,413) $ (5,689,943) $ (5,312,358)
PEO | Year End Fair Value Of Unvested Awards Granted In The Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 20,034,869 18,173,840 12,422,466 6,896,426
PEO | Year OverYear Difference Of YearEnd Fair Values For Unvested Awards Granted In Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 7,651,801 7,527,586 28,207,308 81,777
PEO | Fair Values At Vest Date For Awards Granted And Vested In Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 688,608 546,000 0 0
PEO | Difference In Prior YearEnd Fair Values And Vest Date Fair Values For Awards Granted In Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,970,935 1,412,224 5,434,578 (690,755)
PEO | Dividends Or Dividend Equivalents In The Current Year Prior To Vesting [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 206,558 241,357 156,263 159,191
PEO | Total Adjustments For Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 17,599,740 14,268,594 40,530,672 1,134,281
Non-PEO NEO | Grant Date Values In The Summary Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,372,935) (3,844,616) (2,431,870) (2,578,948)
Non-PEO NEO | Year End Fair Value Of Unvested Awards Granted In The Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,034,842 3,238,139 5,092,457 1,938,739
Non-PEO NEO | Year OverYear Difference Of YearEnd Fair Values For Unvested Awards Granted In Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,449,994 430,648 11,458,211 (483,507)
Non-PEO NEO | Fair Values At Vest Date For Awards Granted And Vested In Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 214,417 1,194,601 528,952 658,862
Non-PEO NEO | Difference In Prior YearEnd Fair Values And Vest Date Fair Values For Awards Granted In Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 732,283 834,710 3,512,002 (1,239,087)
Non-PEO NEO | Dividends Or Dividend Equivalents In The Current Year Prior To Vesting [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 104,424 78,235 150,667 169,660
Non-PEO NEO | Total Adjustments For Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 5,163,025 $ 1,931,717 $ 18,310,419 $ (1,534,281)