$NUE

NUCOR CORP

CIK:0000073309|SEC Filings

Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 04, 2026	Jul. 05, 2025	Jul. 04, 2026	Jul. 05, 2025
Income Statement [Abstract]
Net sales	$ 10,397	$ 8,456	$ 19,893	$ 16,286
Costs, expenses and other:
Cost of products sold	8,363	7,233	16,358	14,458
Marketing, administrative and other expenses	405	304	783	585
Equity in earnings of unconsolidated affiliates	(8)	(10)	(15)	(14)
Losses and impairments of assets		11	15	40
Interest expense, net	12	19	31	33
Costs, expenses and other, total	8,772	7,557	17,172	15,102
Earnings before income taxes and noncontrolling interests	1,625	899	2,721	1,184
Provision for income taxes	345	193	571	252
Net earnings before noncontrolling interests	1,280	706	2,150	932
Earnings attributable to noncontrolling interests	124	103	251	173
Net earnings attributable to Nucor stockholders	$ 1,156	$ 603	$ 1,899	$ 759
Net earnings per share:
Basic	$ 5.05	$ 2.6	$ 8.28	$ 3.26
Diluted	$ 5.04	$ 2.6	$ 8.27	$ 3.26
Average shares outstanding:
Basic	228.2	230.6	228.6	231.7
Diluted	228.5	230.8	228.9	231.9

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 04, 2026	Jul. 05, 2025
Operating activities:
Net earnings before noncontrolling interests	$ 2,150	$ 932
Adjustments:
Depreciation	641	606
Amortization	126	128
Impairment of assets	15	20
Stock-based compensation	91	78
Deferred income taxes	(61)	(17)
Distributions from affiliates	7	6
Equity in earnings of unconsolidated affiliates	(15)	(14)
Changes in assets and liabilities (exclusive of acquisitions and dispositions):
Accounts receivable	(952)	(706)
Inventories	(560)	(352)
Accounts payable	454	375
Federal income taxes	110	135
Salaries, wages and related accruals	130	(135)
Other operating activities	150	40
Cash provided by operating activities	2,286	1,096
Investing activities:
Capital expenditures	(1,232)	(1,813)
Investment in and advances to affiliates	(2)	(1)
Disposition of plant and equipment	21	39
Acquisitions (net of cash acquired)		(1)
Divestiture of affiliate	3
Purchases of investments	(157)	(666)
Proceeds from the sale of investments	382	717
Other investing activities	29	2
Cash used in investing activities	(956)	(1,723)
Financing activities:
Net change in short-term debt	6	(68)
Repayment of long-term debt	(37)	(1,007)
Proceeds from issuance of long-term debt, net of discount	15	997
Bond issuance costs		(9)
Proceeds from exercise of stock options	14
Payment of tax withholdings on certain stock-based compensation	(77)	(31)
Distributions to noncontrolling interests	(282)	(214)
Cash dividends	(258)	(258)
Acquisition of treasury stock	(475)	(500)
Proceeds from government incentives		77
Other financing activities	(10)	17
Cash used in financing activities	(1,104)	(996)
Effect of exchange rate changes on cash	(8)	11
Increase (decrease) in cash and cash equivalents	218	(1,612)
Cash and cash equivalents - beginning of year	2,260	3,558
Cash and cash equivalents - end of six months	2,478	1,946
Non-cash investing activity:
Change in accrued plant and equipment purchases	$ 15	$ (27)

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 04, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 2,478	$ 2,260
Short-term investments	214	439
Accounts receivable, net	4,045	3,105
Inventories, net	6,020	5,462
Other current assets	399	499
Total current assets	13,156	11,765
Property, plant and equipment, net	15,863	15,306
Goodwill	4,289	4,297
Other intangible assets, net	2,754	2,880
Other assets	892	856
Total assets	36,954	35,104
Current liabilities:
Short-term debt	129	122
Current portion of long-term debt and finance lease obligations	581	90
Accounts payable	2,357	1,890
Salaries, wages and related accruals	1,002	882
Accrued expenses and other current liabilities	1,177	1,020
Total current liabilities	5,246	4,004
Long-term debt and finance lease obligations due after one year	6,389	6,909
Deferred credits and other liabilities	2,053	2,067
Total liabilities	13,688	12,980
Commitments and contingencies
Nucor stockholders' equity:
Common stock	152	152
Additional paid-in capital	2,207	2,253
Retained earnings	33,146	31,504
Accumulated other comprehensive loss, net of income taxes	(214)	(194)
Treasury stock	(13,182)	(12,779)
Total Nucor stockholders' equity	22,109	20,936
Noncontrolling interests	1,157	1,188
Total equity	23,266	22,124
Total liabilities and equity	$ 36,954	$ 35,104