Segments

3 Months Ended

Apr. 04, 2020

Segment Reporting [Abstract]

Segments

15. Segments

Nucor reports its results in the following segments: steel mills, steel products and raw materials. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor’s equity method investments in Duferdofin Nucor, NuMit and Nucor-JFE. The steel products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, precision castings, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products business, and wire and wire mesh. The raw materials segment includes The David J. Joseph Company and its affiliates (“DJJ”), primarily a scrap broker and processor; Nu-Iron Unlimited and Nucor Steel Louisiana, two facilities that produce direct reduced iron (“DRI”) used by the steel mills; and our natural gas production operations.

Net interest expense on long-term debt, charges and credits associated with changes in allowances to eliminate intercompany profit in inventory, profit sharing expense and stock-based compensation are shown under Corporate/eliminations. Corporate assets primarily include cash and cash equivalents, short-term investments, allowances to eliminate intercompany profit in inventory, deferred income tax assets, federal and state income taxes receivable and investments in and advances to affiliates.

Nucor’s results by segment for the first quarter of 2020 and 2019 were as follows (in thousands):

	Three Months (13 Weeks) Ended
	April 4, 2020			March 30, 2019
Net sales to external customers:
Steel mills	$	3,519,270		$	3,949,402
Steel products		1,726,854			1,654,522
Raw materials		378,213			492,700
	$	5,624,337		$	6,096,624
Intercompany sales:
Steel mills	$	869,092		$	902,224
Steel products		83,369			62,805
Raw materials		2,423,805			2,423,869
Corporate/eliminations		(3,376,266	)		(3,388,898	)
	$	-		$	-
Earnings (loss) before income taxes and noncontrolling    interests:
Steel mills	$	156,506		$	689,398
Steel products		162,559			77,433
Raw materials		(7,911	)		53,223
Corporate/eliminations		(164,857	)		(130,438	)
	$	146,297		$	689,616

	April 4, 2020		Dec. 31, 2019
Segment assets:
Steel mills	$	9,405,870	$	9,283,216
Steel products		4,523,621		4,610,628
Raw materials		3,311,176		3,316,479
Corporate/eliminations		625,394		1,134,343
	$	17,866,061	$	18,344,666