Employee Benefit Plan

9 Months Ended

Oct. 01, 2022

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 $214.4 million and $274.9 million in the third quarter of 2022 and 2021, respectively, and $834.3 million and $596.2 million in the first nine months of 2022 and 2021, respectively. The related liability for these benefits is included in salaries, wages and related accruals in the condensed consolidated balance sheets.