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Derivatives (Tables) | 6 Months Ended
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Jul. 04, 2015
Fair Values of Derivative Instruments | The following tables summarize information regarding Nucor’s derivative instruments (in thousands): Fair Value of Derivative Instruments
|  |  |  | Fair Value at |
|  | Balance Sheet Location |  | July 4, 2015 |  |  | Dec. 31, 2014 |
Asset derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | Other current assets |  | $ | 614 |  |  | $ | 1,856 |
Foreign exchange contracts |  | Other current assets |  |  | 112 |  |  |  | 372 |
Total asset derivatives not designated as hedging instruments |  |  |  | $ | 726 |  |  | $ | 2,228 |
Liability derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | Accrued expenses and other current liabilities |  | $ | (10,100 | ) |  | $ | (6,400 | )
Commodity contracts |  | Deferred credits and other liabilities |  |  | (4,800 | ) |  |  | (6,300 | )
Total liability derivatives designated as hedging instruments |  |  |  | $ | (14,900 | ) |  | $ | (12,700 | )
Derivatives Designated as Hedging Instrument [Member] |
Effect of Derivative Instruments on Condensed Consolidated Statements of Earnings | The Effect of Derivative Instruments on the Condensed Consolidated Statements of Earnings Derivatives Designated as Hedging Instruments
Derivatives in Cash Flow Hedging Relationships |  | Statement of Earnings Location |  | Amount of Gain or (Loss), net of tax, Recognized in OCI on Derivatives (Effective Portion) |  |  | Amount of Gain or (Loss), net of tax, Reclassified from Accumulated OCI into Earnings on Derivatives (Effective Portion) |  |  | Amount of Gain or (Loss), net of tax, Recognized in Earnings on Derivatives (Ineffective Portion) |
|  | Three Months (13 weeks) Ended |  |  | Three Months (13 weeks) Ended |  |  | Three Months (13 weeks) Ended |
|  | July 4, 2015 |  |  | July 5, 2014 |  |  | July 4, 2015 |  |  | July 5, 2014 |  |  | July 4, 2015 |  |  | July 5, 2014 |
Commodity contracts |  | Cost of products sold |  | $ | (464) |  |  | $ | 238 |  |  | $ | (1,164 | ) |  | $ | 238 |  |  | $ | — |  |  | $ | — |
Derivatives in Cash Flow Hedging Relationships |  | Statement of Earnings Location |  | Amount of Gain or (Loss), net of tax, Recognized in OCI on Derivatives (Effective Portion) |  |  | Amount of Gain or (Loss), net of tax, Reclassified from Accumulated OCI into Earnings on Derivatives (Effective Portion) |  |  | Amount of Gain or (Loss), net of tax, Recognized in Earnings on Derivatives (Ineffective Portion) |
|  | Six Months (26 weeks) Ended |  |  | Six Months (26 weeks) Ended |  |  | Six Months (26 weeks) Ended |
|  | July 4, 2015 |  |  | July 5, 2014 |  |  | July 4, 2015 |  |  | July 5, 2014 |  |  | July 4, 2015 |  |  | July 5, 2014 |
Commodity contracts |  | Cost of products sold |  | $ | (2,732) |  |  | $ | (1,633 | ) |  | $ | (1,332 | ) |  | $ | (233 | ) |  | $ | — |  |  | $ | — |
Derivatives Not Designated as Hedging Instrument [Member] |
Effect of Derivative Instruments on Condensed Consolidated Statements of Earnings | Derivatives Not Designated as Hedging Instruments
|  |  |  | Amount of Gain or (Loss) Recognized in Earnings on Derivatives |
|  |  |  | Three Months (13 weeks) Ended |  |  | Six Months (26 weeks) Ended |
Derivatives Not Designated as Hedging Instruments |  | Statement of Earnings Location |  | July 4, 2015 |  |  | July 5, 2014 |  |  | July 4, 2015 |  |  | July 5, 2014 |
Commodity contracts |  | Cost of products sold |  | $ | 1,352 |  |  | $ | (795 | ) |  | $ | 1,656 |  |  | $ | 438 |
Foreign exchange contracts |  | Cost of products sold |  |  | 4 |  |  |  | (201 | ) |  |  | 762 |  |  |  | (48 | )
Total |  |  |  | $ | 1,356 |  |  | $ | (996 | ) |  | $ | 2,418 |  |  | $ | 390 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959 + Details
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