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Segments (Tables)
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segments

Nucor’s results by segment are as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Net sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

12,109,307

 

 

$

13,933,950

 

 

$

16,245,218

 

Steel products

 

 

6,623,068

 

 

 

6,990,064

 

 

 

6,796,501

 

Raw materials

 

 

1,407,283

 

 

 

1,664,844

 

 

 

2,025,560

 

 

 

$

20,139,658

 

 

$

22,588,858

 

 

$

25,067,279

 

Intercompany sales:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

3,036,790

 

 

$

3,304,437

 

 

$

3,924,160

 

Steel products

 

 

248,477

 

 

 

233,728

 

 

 

207,003

 

Raw materials

 

 

8,153,841

 

 

 

8,784,397

 

 

 

11,460,645

 

Corporate/eliminations

 

 

(11,439,108

)

 

 

(12,322,562

)

 

 

(15,591,808

)

 

 

$

 

 

$

 

 

$

 

Depreciation expense:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

449,290

 

 

$

401,609

 

 

$

378,146

 

Steel products

 

 

93,184

 

 

 

85,276

 

 

 

80,681

 

Raw materials

 

 

150,474

 

 

 

151,124

 

 

 

161,666

 

Corporate

 

 

9,163

 

 

 

10,902

 

 

 

10,386

 

 

 

$

702,110

 

 

$

648,911

 

 

$

630,879

 

Amortization expense:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

7,334

 

 

$

8,624

 

 

$

9,400

 

Steel products

 

 

47,773

 

 

 

49,914

 

 

 

51,997

 

Raw materials

 

 

28,249

 

 

 

27,204

 

 

 

27,361

 

 

 

$

83,356

 

 

$

85,742

 

 

$

88,758

 

Earnings (loss) before income taxes and noncontrolling

   interests:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

720,151

 

 

$

1,790,694

 

 

$

3,500,085

 

Steel products

 

 

690,547

 

 

 

511,145

 

 

 

467,105

 

Raw materials

 

 

23,621

 

 

 

(28,244

)

 

 

236,241

 

Corporate/eliminations

 

 

(598,781

)

 

 

(490,788

)

 

 

(974,040

)

 

 

$

835,538

 

 

$

1,782,807

 

 

$

3,229,391

 

Segment assets:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

9,708,260

 

 

$

9,283,216

 

 

$

9,244,086

 

Steel products

 

 

4,461,042

 

 

 

4,610,628

 

 

 

4,734,636

 

Raw materials

 

 

3,324,489

 

 

 

3,316,479

 

 

 

3,492,126

 

Corporate/eliminations

 

 

2,631,603

 

 

 

1,134,343

 

 

 

449,740

 

 

 

$

20,125,394

 

 

$

18,344,666

 

 

$

17,920,588

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

1,238,132

 

 

$

1,133,089

 

 

$

720,310

 

Steel products

 

 

135,511

 

 

 

93,848

 

 

 

88,585

 

Raw materials

 

 

125,213

 

 

 

244,818

 

 

 

169,926

 

Corporate

 

 

28,259

 

 

 

40,315

 

 

 

18,435

 

 

 

$

1,527,116

 

 

$

1,512,070

 

 

$

997,256

 

Schedule of Net Sale by Product to External Customers

Net sales by product were as follows (in thousands). Further product group breakdown is impracticable.

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Net sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

 

Sheet

 

$

5,450,507

 

 

$

6,450,506

 

 

$

7,571,765

 

Bar

 

 

3,821,158

 

 

 

4,106,640

 

 

 

4,709,292

 

Structural

 

 

1,526,283

 

 

 

1,573,248

 

 

 

1,830,476

 

Plate

 

 

1,311,360

 

 

 

1,803,556

 

 

 

2,133,685

 

Tubular Products

 

 

1,113,582

 

 

 

1,207,398

 

 

 

1,347,577

 

Rebar Fabrication

 

 

1,708,442

 

 

 

1,666,445

 

 

 

1,496,194

 

Other Steel Products

 

 

3,801,045

 

 

 

4,116,221

 

 

 

3,952,730

 

Raw Materials

 

 

1,407,283

 

 

 

1,664,844

 

 

 

2,025,560

 

 

 

$

20,139,658

 

 

$

22,588,858

 

 

$

25,067,279