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Employee Benefit Plan
9 Months Ended
Oct. 03, 2020
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plan

10. Employee Benefit Plan

Nucor makes contributions to a Profit Sharing and Retirement Savings Plan for qualified employees based on the profitability of the Company. Nucor’s expense for these benefits totaled $27.5 million and $40.0 million in the third quarter of 2020 and 2019, respectively, and $59.5 million and $163.7 million in the first nine months of 2020 and 2019, respectively. The related liability for these benefits is included in salaries, wages and related accruals in the condensed consolidated balance sheets.