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v3.25.3

Segments (Tables) | 9 Months Ended
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Oct. 04, 2025
Segment Reporting [Abstract] |
Segments | Nucor’s results by segment for the third quarter and first nine months of 2025 and 2024 were as follows (in millions):
|  | Three Months (13 Weeks) Ended |
|  | October 4, 2025 |
|  | Steel Mills |  |  | Steel Products |  |  | Raw Materials |  |  | Totals |
Sales |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 5,152 |  |  | $ | 2,791 |  |  | $ | 578 |  |  | $ | 8,521 |
Intercompany sales |  |  | 1,416 |  |  |  | 181 |  |  |  | 2,713 |  |  |  | 4,310 |
Total Sales |  |  | 6,568 |  |  |  | 2,972 |  |  |  | 3,291 |  |  |  | 12,831 |
Reconciliation of Sales |  |  |  |  |  |  |  |  |  |  |  |
Elimination of intercompany sales |  |  |  |  |  |  |  |  |  |  |  | (4,310 | )
Net sales to external customers |  |  |  |  |  |  |  |  |  |  |  | 8,521 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products sold |  |  | 5,777 |  |  |  | 2,506 |  |  |  | 3,227 |  |  |  | 11,510 |
Other segment items |  |  | (2 | ) |  |  | 147 |  |  |  | 21 |  |  |  | 166 |
Segment earnings before income taxes and noncontrolling interests |  |  | 793 |  |  |  | 319 |  |  |  | 43 |  |  |  | 1,155 |
Reconciliation of earnings before income taxes and noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Corporate/eliminations |  |  |  |  |  |  |  |  |  |  |  | (272 | )
Earnings before income taxes and noncontrolling interests |  |  |  |  |  |  |  |  |  |  | $ | 883 |
|  | Nine Months (39 Weeks) Ended |
|  | October 4, 2025 |
|  | Steel Mills |  |  | Steel Products |  |  | Raw Materials |  |  | Totals |
Sales |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 15,312 |  |  | $ | 7,853 |  |  | $ | 1,642 |  |  | $ | 24,807 |
Intercompany sales |  |  | 3,850 |  |  |  | 479 |  |  |  | 8,240 |  |  |  | 12,569 |
Total Sales |  |  | 19,162 |  |  |  | 8,332 |  |  |  | 9,882 |  |  |  | 37,376 |
Reconciliation of Sales |  |  |  |  |  |  |  |  |  |  |  |
Elimination of intercompany sales |  |  |  |  |  |  |  |  |  |  |  | (12,569 | )
Net sales to external customers |  |  |  |  |  |  |  |  |  |  |  | 24,807 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products sold |  |  | 17,247 |  |  |  | 7,063 |  |  |  | 9,693 |  |  |  | 34,003 |
Other segment items |  |  | 48 |  |  |  | 270 |  |  |  | 60 |  |  |  | 378 |
Segment earnings before income taxes and noncontrolling interests |  |  | 1,867 |  |  |  | 999 |  |  |  | 129 |  |  |  | 2,995 |
Reconciliation of earnings before income taxes and noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Corporate/eliminations |  |  |  |  |  |  |  |  |  |  |  | (928 | )
Earnings before income taxes and noncontrolling interests |  |  |  |  |  |  |  |  |  |  | $ | 2,067 |
|  | Three Months (13 Weeks) Ended |
|  | September 28, 2024 |
|  | Steel Mills |  |  | Steel Products |  |  | Raw Materials |  |  | Totals |
Sales |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 4,460 |  |  | $ | 2,496 |  |  | $ | 488 |  |  | $ | 7,444 |
Intercompany sales |  |  | 983 |  |  |  | 124 |  |  |  | 2,243 |  |  |  | 3,350 |
Total Sales |  |  | 5,443 |  |  |  | 2,620 |  |  |  | 2,731 |  |  |  | 10,794 |
Reconciliation of Sales |  |  |  |  |  |  |  |  |  |  |  |
Elimination of intercompany sales |  |  |  |  |  |  |  |  |  |  |  | (3,350 | )
Net sales to external customers |  |  |  |  |  |  |  |  |  |  |  | 7,444 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products sold |  |  | 5,119 |  |  |  | 2,199 |  |  |  | 2,694 |  |  |  | 10,012 |
Other segment items |  |  | 15 |  |  |  | 107 |  |  |  | 103 |  |  |  | 225 |
Segment earnings before income taxes and noncontrolling interests |  |  | 309 |  |  |  | 314 |  |  |  | (66 | ) |  |  | 557 |
Reconciliation of earnings before income taxes and noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Corporate/eliminations |  |  |  |  |  |  |  |  |  |  |  | (168 | )
Earnings before income taxes and noncontrolling interests |  |  |  |  |  |  |  |  |  |  | $ | 389 |
|  | Nine Months (39 Weeks) Ended |
|  | September 28, 2024 |
|  | Steel Mills |  |  | Steel Products |  |  | Raw Materials |  |  | Totals |
Sales |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 14,486 |  |  | $ | 7,716 |  |  | $ | 1,456 |  |  | $ | 23,658 |
Intercompany sales |  |  | 3,406 |  |  |  | 417 |  |  |  | 7,044 |  |  |  | 10,867 |
Total Sales |  |  | 17,892 |  |  |  | 8,133 |  |  |  | 8,500 |  |  |  | 34,525 |
Reconciliation of Sales |  |  |  |  |  |  |  |  |  |  |  |
Elimination of intercompany sales |  |  |  |  |  |  |  |  |  |  |  | (10,867 | )
Net sales to external customers |  |  |  |  |  |  |  |  |  |  |  | 23,658 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of products sold |  |  | 15,787 |  |  |  | 6,601 |  |  |  | 8,374 |  |  |  | 30,762 |
Other segment items |  |  | 48 |  |  |  | 265 |  |  |  | 143 |  |  |  | 456 |
Segment earnings before income taxes and noncontrolling interests |  |  | 2,057 |  |  |  | 1,267 |  |  |  | (17 | ) |  |  | 3,307 |
Reconciliation of earnings before income taxes and noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |
Corporate/eliminations |  |  |  |  |  |  |  |  |  |  |  | (795 | )
Earnings before income taxes and noncontrolling interests |  |  |  |  |  |  |  |  |  |  | $ | 2,512 |
|  | Three Months (13 Weeks) Ended |  |  | Nine Months (39 Weeks) Ended |
|  | October 4, 2025 |  |  | September 28, 2024 |  |  | October 4, 2025 |  |  | September 28, 2024 |
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |  |
Steel mills |  | $ | 200 |  |  | $ | 187 |  |  | $ | 604 |  |  | $ | 538 |
Steel products |  |  | 46 |  |  |  | 38 |  |  |  | 132 |  |  |  | 110 |
Raw materials |  |  | 53 |  |  |  | 51 |  |  |  | 158 |  |  |  | 147 |
Corporate |  |  | 5 |  |  |  | 5 |  |  |  | 16 |  |  |  | 14 |
|  | $ | 304 |  |  | $ | 281 |  |  | $ | 910 |  |  | $ | 809 |
Amortization expense: |  |  |  |  |  |  |  |  |  |  |  |
Steel mills |  | $ | 2 |  |  | $ | 2 |  |  | $ | 6 |  |  | $ | 6 |
Steel products |  |  | 53 |  |  |  | 60 |  |  |  | 163 |  |  |  | 162 |
Raw materials |  |  | 8 |  |  |  | 7 |  |  |  | 22 |  |  |  | 21 |
|  | $ | 63 |  |  | $ | 69 |  |  | $ | 191 |  |  | $ | 189 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Steel mills |  | $ | 586 |  |  | $ | 603 |  |  | $ | 1,747 |  |  | $ | 1,618 |
Steel products |  |  | 137 |  |  |  | 140 |  |  |  | 447 |  |  |  | 358 |
Raw materials |  |  | 77 |  |  |  | 104 |  |  |  | 313 |  |  |  | 336 |
Corporate |  |  | 48 |  |  |  | 9 |  |  |  | 127 |  |  |  | 52 |
|  | $ | 848 |  |  | $ | 856 |  |  | $ | 2,634 |  |  | $ | 2,364 |
|  | October 4, 2025 |  |  | December 31, 2024 |
Segment assets: |  |  |  |  |  |
Steel mills |  | $ | 18,103 |  |  | $ | 16,582 |
Steel products |  |  | 11,779 |  |  |  | 11,235 |
Raw materials |  |  | 3,900 |  |  |  | 3,656 |
Corporate/eliminations |  |  | 994 |  |  |  | 2,467 |
|  | $ | 34,776 |  |  | $ | 33,940 |
Schedule of Net Sale by Product to External Customers | Net sales by product for the third quarter and first nine months of 2025 and 2024 were as follows (in millions). Further product group breakdown is impracticable.
|  | Three Months (13 Weeks) Ended |  |  | Nine Months (39 Weeks) Ended |
|  | October 4, 2025 |  |  | September 28, 2024 |  |  | October 4, 2025 |  |  | September 28, 2024 |
Net sales to external customers: |  |  |  |  |  |  |  |  |  |  |  |
Sheet |  | $ | 2,388 |  |  | $ | 2,196 |  |  | $ | 7,073 |  |  | $ | 7,303 |
Bar |  |  | 1,457 |  |  |  | 1,264 |  |  |  | 4,346 |  |  |  | 3,960 |
Structural |  |  | 658 |  |  |  | 535 |  |  |  | 1,996 |  |  |  | 1,705 |
Plate |  |  | 649 |  |  |  | 464 |  |  |  | 1,897 |  |  |  | 1,519 |
Tubular Products |  |  | 333 |  |  |  | 291 |  |  |  | 1,077 |  |  |  | 1,005 |
Rebar Fabrication Products |  |  | 567 |  |  |  | 487 |  |  |  | 1,462 |  |  |  | 1,362 |
Joist and Deck |  |  | 620 |  |  |  | 517 |  |  |  | 1,682 |  |  |  | 1,714 |
Building Systems |  |  | 331 |  |  |  | 342 |  |  |  | 946 |  |  |  | 1,016 |
Other Steel Products |  |  | 940 |  |  |  | 859 |  |  |  | 2,686 |  |  |  | 2,618 |
Raw Materials |  |  | 578 |  |  |  | 489 |  |  |  | 1,642 |  |  |  | 1,456 |
|  | $ | 8,521 |  |  | $ | 7,444 |  |  | $ | 24,807 |  |  | $ | 23,658 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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