Employee Benefit Plan

3 Months Ended

Apr. 03, 2021

Compensation And Retirement Disclosure [Abstract]

Employee Benefit Plan

9. 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 $129.0 million and $11.6 million in the first quarter of 2021 and 2020, respectively. The related liability for these benefits is included in salaries, wages and related accruals in the condensed consolidated balance sheets.