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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 28, 2019
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value The following table summarizes information regarding Nucor’s financial assets and financial liabilities that were measured at fair value as of September 28, 2019 and December 31, 2018 (in thousands). Nucor does not have any non-financial assets or non-financial liabilities that are measured at fair value on a recurring basis.

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

Description

 

Carrying

Amount in

Condensed

Consolidated

Balance

Sheets

 

 

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

As of September 28, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

1,445,116

 

 

$

1,445,116

 

 

$

-

 

 

$

-

 

Short-term investments

 

 

249,616

 

 

 

249,616

 

 

 

-

 

 

 

-

 

Derivative contracts

 

 

2,228

 

 

 

-

 

 

 

2,228

 

 

 

-

 

Total assets

 

$

1,696,960

 

 

$

1,694,732

 

 

$

2,228

 

 

$

-

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative contracts

 

$

(16,800

)

 

$

-

 

 

$

(16,800

)

 

$

-

 

As of December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

1,084,319

 

 

$

1,084,319

 

 

$

-

 

 

$

-

 

Derivative contracts

 

 

4,772

 

 

 

-

 

 

 

4,772

 

 

 

-

 

Total assets

 

$

1,089,091

 

 

$

1,084,319

 

 

$

4,772

 

 

$

-

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative contracts

 

$

(8,600

)

 

$

-

 

 

$

(8,600

)

 

$

-