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Basis of Interim Presentation (Tables) | 9 Months Ended
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Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Adjustments to Condensed Consolidated Financial Statements and Effect of Change in Accounting Principle from LIFO to FIFO on Net Earnings | As a result of the retrospective application of the change in accounting principle, certain financial statement line items in the Company’s condensed consolidated statements of earnings for the three- and nine-month periods ended October 1, 2016 and condensed consolidated statement of cash flows (no impact on total cash provided by operating activities) for the nine-month period ended October 1, 2016 were adjusted as follows:
(in thousands, except per share data) |  | As Originally Reported |  |  | Effect of Change |  |  | As Currently Reported |
Condensed Consolidated Statement of Earnings for the Three Months (13 Weeks) Ended October 1, 2016: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products sold |  | $ | 3,665,900 |  |  | $ | (57,900 | ) |  | $ | 3,608,000 |
Provision for income taxes |  |  | 131,788 |  |  |  | 21,019 |  |  |  | 152,807 |
Net earnings |  |  | 294,484 |  |  |  | 36,881 |  |  |  | 331,365 |
Earnings attributable to noncontrolling interests |  |  | 24,448 |  |  |  | 1,470 |  |  |  | 25,918 |
Net earnings attributable to Nucor stockholders |  |  | 270,036 |  |  |  | 35,411 |  |  |  | 305,447 |
Net earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.84 |  |  | $ | 0.11 |  |  | $ | 0.95 |
Diluted |  | $ | 0.84 |  |  | $ | 0.11 |  |  | $ | 0.95 |
(in thousands, except per share data) |  | As Originally Reported |  |  | Effect of Change |  |  | As Currently Reported |
Condensed Consolidated Statement of Earnings for the Nine Months (39 Weeks) Ended October 1, 2016: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products sold |  | $ | 10,774,040 |  |  | $ | (104,937 | ) |  | $ | 10,669,103 |
Provision for income taxes |  |  | 281,401 |  |  |  | 36,987 |  |  |  | 318,388 |
Net earnings |  |  | 657,281 |  |  |  | 67,950 |  |  |  | 725,231 |
Earnings attributable to noncontrolling interests |  |  | 82,719 |  |  |  | 5,880 |  |  |  | 88,599 |
Net earnings attributable to Nucor stockholders |  |  | 574,562 |  |  |  | 62,070 |  |  |  | 636,632 |
Net earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.79 |  |  | $ | 0.20 |  |  | $ | 1.99 |
Diluted |  | $ | 1.79 |  |  | $ | 0.20 |  |  | $ | 1.99 |
(in thousands) |  |  |  |  |  |  |  |  |
Condensed Consolidated Statement of Cash Flows for the Nine Months (39 Weeks) Ended October 1, 2016: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 657,281 |  |  | $ | 67,950 |  |  | $ | 725,231 |
Changes in inventories |  |  | (184,320 | ) |  |  | (104,937 | ) |  |  | (289,257 | )
Changes in deferred income taxes |  |  | 49,834 |  |  |  | 36,987 |  |  |  | 86,821 |

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