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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Statement Of Comprehensive Income [Abstract]        
Net earnings $ 2,727,237 $ 1,571,459 $ 4,954,352 $ 2,558,973
Other comprehensive income (loss):        
Net unrealized income on hedging derivatives, net of income taxes of $5,100 and $2,600 for the second quarter of 2022 and 2021, respectively, and $21,900 and $3,000 for the first six months of 2022 and 2021, respectively 16,138 8,204 69,614 9,203
Reclassification adjustment for settlement of hedging derivatives included in net earnings, net of income taxes of ($4,800) and $0 for the second quarter of 2022 and 2021, respectively, and ($6,500) and $100 for the first six months of 2022 and 2021, respectively (15,136) [1] 196 [2] (20,526) [1] 697 [2]
Foreign currency translation (loss) gain, net of income taxes of $0 for the second quarter and first six months of 2022 and 2021 (27,308) 21,431 (4,616) 35,232
Net current-period other comprehensive income (loss) (26,306) 29,831 44,472 45,132
Comprehensive income 2,700,931 1,601,290 4,998,824 2,604,105
Comprehensive income attributable to noncontrolling interests 166,004 64,591 297,496 109,673
Comprehensive income attributable to Nucor stockholders $ 2,534,927 $ 1,536,699 $ 4,701,328 $ 2,494,432
[1] Includes $(15,136) and $(20,526) net of tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net gains on commodity contracts in the second quarter and first six months of 2022, respectively. The tax impact of those reclassifications was $(4,800) and $(6,500) in the second quarter and first six months of 2022, respectively.
[2] Includes $196 and $697 net of tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the second quarter and first six months of 2021, respectively. The tax impact of those reclassifications was $0 and $100 in the second quarter and first six months of 2021, respectively.