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Segments (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segments

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

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Net sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

24,145,396

 

 

$

12,109,307

 

 

$

13,933,950

 

Steel products

 

 

9,727,943

 

 

 

6,623,068

 

 

 

6,990,064

 

Raw materials

 

 

2,610,600

 

 

 

1,407,283

 

 

 

1,664,844

 

 

 

$

36,483,939

 

 

$

20,139,658

 

 

$

22,588,858

 

Intercompany sales:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

6,297,688

 

 

$

3,036,790

 

 

$

3,304,437

 

Steel products

 

 

360,063

 

 

 

248,477

 

 

 

233,728

 

Raw materials

 

 

15,762,685

 

 

 

8,153,841

 

 

 

8,784,397

 

Corporate/eliminations

 

 

(22,420,436

)

 

 

(11,439,108

)

 

 

(12,322,562

)

 

 

$

 

 

$

 

 

$

 

Depreciation expense:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

465,733

 

 

$

449,289

 

 

$

401,609

 

Steel products

 

 

99,248

 

 

 

93,184

 

 

 

85,276

 

Raw materials

 

 

159,886

 

 

 

150,474

 

 

 

151,124

 

Corporate

 

 

10,539

 

 

 

9,163

 

 

 

10,902

 

 

 

$

735,406

 

 

$

702,110

 

 

$

648,911

 

Amortization expense:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

7,829

 

 

$

7,334

 

 

$

8,624

 

Steel products

 

 

93,160

 

 

 

47,773

 

 

 

49,914

 

Raw materials

 

 

28,168

 

 

 

28,249

 

 

 

27,204

 

 

 

$

129,157

 

 

$

83,356

 

 

$

85,742

 

Earnings before income taxes and noncontrolling

   interests:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

9,735,020

 

 

$

720,151

 

 

$

1,790,694

 

Steel products

 

 

1,291,450

 

 

 

690,547

 

 

 

511,145

 

Raw materials

 

 

549,956

 

 

 

23,621

 

 

 

(28,244

)

Corporate/eliminations

 

 

(2,375,568

)

 

 

(598,781

)

 

 

(490,788

)

 

 

$

9,200,858

 

 

$

835,538

 

 

$

1,782,807

 

Segment assets:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

13,235,463

 

 

$

9,708,260

 

 

$

9,283,216

 

Steel products

 

 

7,845,010

 

 

 

4,461,042

 

 

 

4,610,628

 

Raw materials

 

 

3,870,806

 

 

 

3,324,489

 

 

 

3,316,479

 

Corporate/eliminations

 

 

871,793

 

 

 

2,631,603

 

 

 

1,134,343

 

 

 

$

25,823,072

 

 

$

20,125,394

 

 

$

18,344,666

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Steel mills

 

$

1,336,276

 

 

$

1,238,132

 

 

$

1,133,089

 

Steel products

 

 

187,152

 

 

 

135,512

 

 

 

93,848

 

Raw materials

 

 

128,765

 

 

 

125,213

 

 

 

244,818

 

Corporate

 

 

48,171

 

 

 

28,259

 

 

 

40,315

 

 

 

$

1,700,364

 

 

$

1,527,116

 

 

$

1,512,070

 

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,

 

 

 

2021

 

 

2020

 

 

2019

 

Net sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

 

Sheet

 

$

12,675,679

 

 

$

5,450,507

 

 

$

6,450,506

 

Bar

 

 

6,039,187

 

 

 

3,821,158

 

 

 

4,106,640

 

Structural

 

 

2,597,768

 

 

 

1,526,283

 

 

 

1,573,248

 

Plate

 

 

2,832,762

 

 

 

1,311,360

 

 

 

1,803,556

 

Tubular Products

 

 

2,194,732

 

 

 

1,113,581

 

 

 

1,207,398

 

Rebar Fabrication

 

 

1,794,658

 

 

 

1,708,441

 

 

 

1,666,445

 

Other Steel Products

 

 

5,738,552

 

 

 

3,801,045

 

 

 

4,116,221

 

Raw Materials

 

 

2,610,601

 

 

 

1,407,283

 

 

 

1,664,844

 

 

 

$

36,483,939

 

 

$

20,139,658

 

 

$

22,588,858