Fair Value Measurements (Tables)

3 Months Ended

Apr. 04, 2020

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 April 4, 2020 and December 31, 2019 (in thousands).

				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 April 4, 2020
Assets:
Cash equivalents	$	920,226		$	920,226	$	-		$	-
Short-term investments		146,000			146,000		-			-
Derivative contracts		4,685			-		4,685			-
Total assets	$	1,070,911		$	1,066,226	$	4,685		$	-
Liabilities:
Derivative contracts	$	(18,700	)	$	-	$	(18,700	)	$	-
As of December 31, 2019
Assets:
Cash equivalents	$	1,229,000		$	1,229,000	$	-		$	-
Short-term investments		300,040			300,040		-			-
Total assets	$	1,529,040		$	1,529,040	$	-		$	-
Liabilities:
Derivative contracts	$	(19,599	)	$	-	$	(19,599	)	$	-