Nucor (NUE) 10-Q 10 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Apr. 01, 2023 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 01, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Trading Symbol	NUE
Entity Registrant Name	NUCOR CORPORATION
Entity Central Index Key	0000073309
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.40 per share
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	1-4119
Entity Tax Identification Number	13-1860817
Entity Address, Address Line One	1915 Rexford Road
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28211
City Area Code	704
Local Phone Number	366-7000
Entity Common Stock, Shares Outstanding	251,222,908

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Income Statement [Abstract]
Net sales	$ 8,709,980	$ 10,493,282
Costs, expenses and other:
Cost of products sold	6,711,778	7,035,143
Marketing, administrative and other expenses	389,895	524,584
Equity in losses/(earnings) of unconsolidated affiliates	1,340	(7,695)
Interest expense, net	10,183	43,135
Costs, expenses and other, total	7,113,196	7,595,167
Earnings before income taxes and noncontrolling interests	1,596,784	2,898,115
Provision for income taxes	365,155	671,000
Net earnings before noncontrolling interests	1,231,629	2,227,115
Earnings attributable to noncontrolling interests	95,087	131,492
Net earnings attributable to Nucor stockholders	$ 1,136,542	$ 2,095,623
Net earnings per share:
Basic	$ 4.47	$ 7.69
Diluted	$ 4.45	$ 7.67
Average shares outstanding:
Basic	253,608	271,564
Diluted	254,397	272,094

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Statement Of Comprehensive Income [Abstract]
Net earnings before noncontrolling interests	$ 1,231,629	$ 2,227,115
Other comprehensive income (loss):
Net unrealized (loss) income on hedging derivatives, net of income taxes of $(7,800) and $16,800 for the first quarter of 2023 and 2022, respectively	(24,575)	53,476
Reclassification adjustment for settlement of hedging derivatives included in net earnings, net of income taxes of $100 and $(1,700) for the first quarter of 2023 and 2022, respectively	175	(5,390)
Foreign currency translation (loss) gain, net of income taxes of $0 for the first quarter of 2023 and 2022	(3,441)	22,692
Net current-period other comprehensive income (loss)	(27,841)	70,778
Comprehensive income	1,203,788	2,297,893
Comprehensive income attributable to noncontrolling interests	95,087	131,492
Comprehensive income attributable to Nucor stockholders	$ 1,108,701	$ 2,166,401

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Statement Of Comprehensive Income [Abstract]
Net unrealized income on hedging derivatives, tax	$ (7,800)	$ 16,800
Reclassification adjustment for settlement of hedging derivatives included in net income, tax effect	100	(1,700)
Foreign currency translation (loss) gain, tax	$ 0	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,800,034	$ 4,280,852
Short-term investments	817,811	576,946
Accounts receivable, net	3,661,974	3,591,030
Inventories, net	5,590,852	5,453,531
Other current assets	445,714	789,325
Total current assets	14,316,385	14,691,684
Property, plant and equipment, net	9,862,987	9,616,920
Restricted cash and cash equivalents	81,145	80,368
Goodwill	3,914,908	3,920,060
Other intangible assets, net	3,263,385	3,322,265
Other assets	807,580	847,913
Total assets	32,246,390	32,479,210
Current liabilities:
Short-term debt	29,316	49,081
Current portion of long-term debt and finance lease obligations	25,133	28,582
Accounts payable	2,012,092	1,649,523
Salaries, wages and related accruals	759,403	1,654,210
Accrued expenses and other current liabilities	1,003,996	948,348
Total current liabilities	3,829,940	4,329,744
Long-term debt and finance lease obligations due after one year	6,616,498	6,613,687
Deferred credits and other liabilities	1,870,082	1,965,873
Total liabilities	12,316,520	12,909,304
Commitments and contingencies
Nucor stockholders' equity:
Common stock	152,061	152,061
Additional paid-in capital	2,168,770	2,143,520
Retained earnings	25,762,032	24,754,873
Accumulated other comprehensive loss, net of income taxes	(165,358)	(137,517)
Treasury stock	(8,900,124)	(8,498,243)
Total Nucor stockholders' equity	19,017,381	18,414,694
Noncontrolling interests	912,489	1,155,212
Total equity	19,929,870	19,569,906
Total liabilities and equity	$ 32,246,390	$ 32,479,210

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Operating activities:
Net earnings before noncontrolling interests	$ 1,231,629	$ 2,227,115
Adjustments:
Depreciation	221,089	195,478
Amortization	58,769	41,411
Stock-based compensation	20,401	26,422
Deferred income taxes	(28,193)	(18,764)
Distributions from affiliates	17,394	1,500
Equity in losses/(earnings) of unconsolidated affiliates	1,340	(7,695)
Changes in assets and liabilities (exclusive of acquisitions and dispositions):
Accounts receivable	(67,505)	(92,394)
Inventories	(138,694)	124,201
Accounts payable	394,602	(165,476)
Federal income taxes	330,781	672,142
Salaries, wages and related accruals	(858,925)	(658,267)
Other operating activities	24,485	126,495
Cash provided by operating activities	1,207,173	2,472,168
Investing activities:
Capital expenditures	(531,733)	(447,682)
Investment in and advances to affiliates		(63)
Disposition of plant and equipment	2,276	7,288
Acquisitions (net of cash acquired)		(347,177)
Purchases of investments	(468,412)	(274,197)
Proceeds from the sale of investments	228,086	80,333
Other investing activities		(183)
Cash used in investing activities	(769,783)	(981,681)
Financing activities:
Net change in short-term debt	(19,765)	(21,202)
Proceeds from issuance of long-term debt, net of discount		1,093,059
Repayment of long-term debt	(2,500)	(2,500)
Bond issuance costs		(8,388)
Proceeds from exercise of stock options	7,123	16,586
Payment of tax withholdings on certain stock-based compensation	(7,105)	(8,512)
Distributions to noncontrolling interests	(337,810)	(211,558)
Cash dividends	(130,525)	(137,587)
Acquisition of treasury stock	(425,820)	(905,324)
Other financing activities	(4,272)	(3,883)
Cash used in financing activities	(920,674)	(189,309)
Effect of exchange rate changes on cash	3,243	3,672
(Decrease) Increase in cash and cash equivalents and restricted cash and cash equivalents	(480,041)	1,304,850
Cash and cash equivalents and restricted cash and cash equivalents - beginning of year	4,361,220	2,508,658
Cash and cash equivalents and restricted cash and cash equivalents - end of nine months	3,881,179	3,813,508
Non-cash investing activity:
Change in accrued plant and equipment purchases	$ (36,280)	$ (7,789)

Basis of Interim Presentation

Basis of Interim Presentation	3 Months Ended
	Apr. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Interim Presentation	1. Basis of Interim Presentation The information furnished in this Item 1 reflects all adjustments which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented and are of a normal and recurring nature unless otherwise noted. The information furnished has not been audited; however, the December 31, 2022 condensed consolidated balance sheet data was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The unaudited condensed consolidated financial statements included in this Item 1 should be read in conjunction with the audited consolidated financial statements and the notes thereto included in Nucor’s Annual Report on Form 10-K for the year ended December 31, 2022. Recent Accounting Pronouncements and Impacts of Enacted Legislation On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1 % excise tax on certain repurchases of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. This did not have a material impact on our financial position or results of operations.

Inventories

Inventories	3 Months Ended
	Apr. 01, 2023
Inventory Disclosure [Abstract]
Inventories	2. Inventories Inventories consisted of approxi mately 39 % raw materials and supplies and 61 % finished and semi-finished products at April 1, 2023 ( 37 % and 63 %, respectively, at December 31, 2022 ). Nucor’s manufacturing process consists of a continuous, vertically integrated process from which products are sold to customers at various stages throughout the process. Since most steel products can be classified as either finished or semi-finished products, these two categories of inventory are combined.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Apr. 01, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	3. Property, Plant and Equipment Property, plant and equipment is recorded net of accumulated depreciation of $ 11.32 billion at April 1, 2023 ($ 11.12 billion at December 31, 2022).

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	4. Goodwill and Other Intangible Assets The change in the net carrying amount of goodwill for the three months ended April 1, 2023 by segment was as follows (in thousands): Steel Mills Steel Products Raw Materials Total Balance at December 31, 2022 $ 675,186 $ 2,510,045 $ 734,829 $ 3,920,060 Acquisitions - ( 3,740 ) - ( 3,740 ) Translation - ( 1,412 ) - ( 1,412 ) Balance at April 1, 2023 $ 675,186 $ 2,504,893 $ 734,829 $ 3,914,908 Nucor completed its most recent annual goodwill impairment testing as of the first day of the fourth quarter of 2022 and concluded that as of such date there was no impairment of goodwill for any of its reporting units. The annual assessment performed in 2022 for one of the Company’s reporting units, Rebar Fabrication, used forward-looking projections in future cash flows. The fair value of this reporting unit exceeded its carrying value by approximately 34 % in the most recent assessment. If our assessment of the relevant facts and circumstances changes, including if the expected future performance of this reporting unit declines from the most recent assessment, non-cash impairment charges may be required. Total goodwill associated with the Rebar Fabrication reporting unit was $ 346.4 million as of April 1, 2023 ($ 347.6 million as of December 31, 2022). An impairment of goodwill may also lead us to record an impairment of other intangible assets. Total finite-lived intangible assets associated with the Rebar Fabrication reporting unit were $ 34.4 million as of April 1, 2023 ($ 36.3 million as of December 31, 2022). There have been no triggering events requiring an interim assessment for impairment of the Rebar Fabrication reporting unit since the most recent annual goodwill impairment testing date. Intangible assets with estimated useful lives of five to 25 years are amortized on a straight-line or accelerated basis and consisted of the following as of April 1, 2023 and December 31, 2022 (in thousands): April 1, 2023 December 31, 2022 Gross Amount Accumulated Gross Amount Accumulated Customer relationships $ 4,174,632 $ 1,139,923 $ 4,174,724 $ 1,087,834 Trademarks and trade names 364,087 148,032 364,106 142,363 Other 109,746 97,125 109,746 96,114 $ 4,648,465 $ 1,385,080 $ 4,648,576 $ 1,326,311 Intangible asset amortization expense in the first quarter of 2023 and 2022 was $ 58.8 million and $ 41.4 million, respectively. Annual amortization expense is estimated to be $ 233.6 million in 2023 ; $ 233.4 million in 2024; $ 232.5 million in 2025; $ 229.6 million in 2026; and $ 225.4 million in 2027.

Current Liabilities

Current Liabilities	3 Months Ended
	Apr. 01, 2023
Payables and Accruals [Abstract]
Current Liabilities	5. Current Liabilities Book overdrafts, included in accounts payable in the condensed consolidated balance sheets, were $ 156.4 million at April 1, 2023 ($ 163.6 million at December 31, 2022). Dividends payable, included in accrued expenses and other current liabilities in the condensed consolidated balance sheets, were $ 129.4 million at April 1, 2023 ($ 130.5 million at December 31, 2022 ).

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 01, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	6. Fair Value Measurements The following table summarizes information regarding Nucor’s financial assets and financial liabilities that were measured at fair value as of April 1, 2023 and December 31, 2022 (in thousands). Nucor does not have any non-financial assets or non-financial liabilities that are measured at fair value on a recurring basis. Fair Value Measurements at Reporting Date Using Description Carrying Quoted Prices Significant Significant As of April 1, 2023 Assets: Cash equivalents $ 3,294,514 $ 3,294,514 $ - $ - Short-term investments 817,811 817,811 - - Restricted cash and cash equivalents 81,145 81,145 - - Derivative contracts 8,247 - 8,247 - Total assets $ 4,201,717 $ 4,193,470 $ 8,247 $ - Liabilities: Derivative contracts $ ( 5,870 ) $ - $ ( 5,870 ) $ - As of December 31, 2022 Assets: Cash equivalents $ 3,182,631 $ 3,182,631 $ - $ - Short-term investments 576,946 576,946 - - Restricted cash and cash equivalents 80,368 80,368 - - Derivative contracts 34,400 - 34,400 - Total assets $ 3,874,345 $ 3,839,945 $ 34,400 $ - Liabilities: Derivative contracts $ ( 1,370 ) $ - $ ( 1,370 ) $ - Fair value measurements for Nucor’s cash equivalents, short-term investments and restricted cash and cash equivalents are classified under Level 1 because such measurements are based on quoted market prices in active markets for identical assets. Our short-term investments at April 1, 2023 consisted of certificates of deposit, commercial paper and corporate notes. Fair value measurements for Nucor’s derivatives, which are typically commodity or foreign exchange contracts, are classified under Level 2 because such measurements are based on published market prices for similar assets or are estimated based on observable inputs such as interest rates, yield curves, credit risk, spot and future commodity prices, and spot and future exchange rates. There were no transfers between the levels in the fair value hierarchy for the periods presented. The fair value of short-term and long-term debt, including current maturities, was approximately $ 6.07 billion at April 1, 2023 (approximately $ 5.93 billion at December 31, 2022). The debt fair value estimates are classified under Level 2 because such estimates are based on readily available market prices of our debt at April 1, 2023 and December 31, 2022 , or similar debt with the same maturities, ratings and interest rates.

Contingencies

Contingencies	3 Months Ended
	Apr. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	7. Contingencies We are from time to time a party to various lawsuits, claims and other legal proceedings that arise in the ordinary course of business. With respect to all such lawsuits, claims and proceedings, we record reserves when it is probable a liability has been incurred and the amount of loss can be reasonably estimated. We do not believe that any of these proceedings, individually or in the aggregate, would be expected to have a material adverse effect on our results of operations, financial position or cash flows. Nucor maintains liability insurance with self-insurance limits for certain risks.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Apr. 01, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	8. Stock-Based Compensation Stock Options A summary of activity under Nucor’s stock option plans for the first quarter of 2023 is as follows (shares and aggregate intrinsic value in thousands): Weighted- Weighted- Average Average Aggregate Exercise Remaining Intrinsic Shares Price Contractual Life Value Number of shares under stock options: Outstanding at beginning of year 837 $ 66.76 Granted - $ - Exercised ( 131 ) $ 54.49 $ 15,539 Canceled - $ - Outstanding at April 1, 2023 706 $ 69.04 7.4 years $ 60,364 Stock options exercisable at April 1, 2023 182 $ 63.28 6.6 years $ 16,580 Compensation expense for stock options was $ 0.5 million in the first quarter of both 2023 and 2022. As of April 1, 2023 , unrecognized compensation expense related to stock options was $ 1.7 million, which we expect to recognize over a weighted-average period of 1.5 years. Restricted Stock Units A summary of Nucor’s restricted stock unit (“RSU”) activity for the first quarter of 2023 is as follows (shares in thousands): Shares Grant Date Restricted stock units: Unvested at beginning of year 1,003 $ 98.66 Granted - $ - Vested ( 161 ) $ 94.43 Canceled ( 2 ) $ 58.29 Unvested at April 1, 2023 840 $ 99.55 Compensation expense for RSUs was $ 12.2 million and $ 9.0 million in the first quarter of 2023 and 2022, respectively. As of April 1, 2023 , unrecognized compensation expense related to unvested RSUs was $ 50.6 million, which we expect to recognize over a weighted-average period of 1.0 year. Restricted Stock Awards A summary of Nucor’s restricted stock activity under the Nucor Corporation Senior Officers Annual Incentive Plan (a supplement to the Nucor Corporation 2014 Omnibus Incentive Compensation Plan, the “AIP”) and the Nucor Corporation Senior Officers Long-Term Incentive Plan (a supplement to the Nucor Corporation 2014 Omnibus Incentive Compensation Plan, the “LTIP”) for the first quarter of 2023 is as follows (shares in thousands): Grant Date Shares Fair Value Restricted stock units and restricted stock awards: Unvested at beginning of year 209 $ 108.55 Granted 414 $ 171.38 Vested ( 406 ) $ 152.68 Canceled - $ - Unvested at April 1, 2023 217 $ 145.82 Compensation expense for common stock and common stock units awarded under the AIP and the LTIP is recorded over the performance measurement and vesting periods based on the anticipated number and market value of shares of common stock and common stock units to be awarded. Compensation expense for anticipated awards based upon Nucor’s financial performance, exclusive of amounts payable in cash, was $ 7.7 million and $ 17.0 million in the first quarter of 2023 and 2022, respectively. As of April 1, 2023 , unrecognized compensation expense related to unvested restricted stock awards was $ 12.2 million, which we expect to recognize over a weighted-average period of 2.2 years.

Employee Benefit Plan

Employee Benefit Plan	3 Months Ended
	Apr. 01, 2023
Retirement Benefits [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 $ 162.2 million and $ 286.9 million in the first quarter of 2023 and 2022 , respectively. The related liability for these benefits is included in salaries, wages and related accruals in the condensed consolidated balance sheets.

Interest Expense (Income)

Interest Expense (Income)	3 Months Ended
	Apr. 01, 2023
Banking and Thrift, Interest [Abstract]
Interest Expense (Income)	10. Interest Expense (Income) The components of net interest expense for the first quarter of 2023 and 2022 are as follows (in thousands): Three Months (13 Weeks) Ended April 1, 2023 April 2, 2022 Interest expense $ 62,682 $ 44,076 Interest income ( 52,499 ) ( 941 ) Interest expense, net $ 10,183 $ 43,135

Income Taxes

Income Taxes	3 Months Ended
	Apr. 01, 2023
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes The effective tax rate for the first quarter of 2023 was 22.9 % compared to 23.2 % for the first quarter of 2022. The Internal Revenue Service (the “IRS”) is currently examining Nucor’s 2015, 2019, and 2020 federal income tax returns. Nucor has concluded U.S. federal income tax matters for tax years through 2014, and for the tax years 2016 and 2018. The tax years 2017 and 2021 remain open to examination by the IRS. The 2015 through 2021 Canadian income tax returns for Harris Steel Group Inc. and certain related affiliates are currently under examination by the Canada Revenue Agency. The tax years 2016 through 2021 remain open to examination by other major taxing jurisdictions to which Nucor is subject (primarily Canada, Trinidad & Tobago, and other state and local jurisdictions). Non-current deferred tax assets included in other assets in the condensed consolidated balance sheets were $ 13.7 million at April 1, 2023 ($ 19.3 million at December 31, 2022). Non-current deferred tax liabilities included in deferred credits and other liabilities in the condensed consolidated balance sheets were $ 1.26 billion at April 1, 2023 ($ 1.30 billion at December 31, 2022).

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Apr. 01, 2023
Equity [Abstract]
Stockholders' Equity	12. Stockholders’ Equity The following tables reflect the changes in stockholders’ equity attributable to Nucor and the noncontrolling interests of Nucor’s joint ventures, Nucor-Yamato Steel Company (Limited Partnership) (“NYS”) and California Steel Industries, Inc. (“CSI”), in both of which Nucor owns 51 %, for the three months ended April 1, 2023 and April 2, 2022 (in thousands): Three Months (13 Weeks) Ended April 1, 2023 Accumulated Total Additional Other Treasury Stock Nucor Common Stock Paid-in Retained Comprehensive (at cost) Stockholders' Noncontrolling Total Shares Amount Capital Earnings Income (Loss) Shares Amount Equity Interests BALANCES, December 31, 2022 $ 19,569,906 380,154 $ 152,061 $ 2,143,520 $ 24,754,873 $ ( 137,517 ) 126,661 $ ( 8,498,243 ) $ 18,414,694 $ 1,155,212 Net earnings before noncontrolling interests 1,231,629 - - - 1,136,542 - - - 1,136,542 95,087 Other comprehensive income (loss) ( 27,841 ) - - - - ( 27,841 ) - - ( 27,841 ) - Stock options exercised 7,123 - - ( 1,749 ) - - ( 131 ) 8,872 7,123 - Stock option expense 475 - - 475 - - - - 475 - Issuance of stock under award plans, 43,820 - - 24,760 - - ( 323 ) 19,060 43,820 - Amortization of unearned 1,764 - - 1,764 - - - - 1,764 - Treasury stock acquired, and net impact of excise tax ( 429,813 ) - - - - - 2,723 ( 429,813 ) ( 429,813 ) - Cash dividends declared ( 129,383 ) - - - ( 129,383 ) - - - ( 129,383 ) - Distributions to noncontrolling ( 337,810 ) - - - - - - - - ( 337,810 ) BALANCES, April 1, 2023 $ 19,929,870 380,154 $ 152,061 $ 2,168,770 $ 25,762,032 $ ( 165,358 ) 128,930 $ ( 8,900,124 ) $ 19,017,381 $ 912,489 Three Months (13 Weeks) Ended April 2, 2022 Accumulated Total Additional Other Treasury Stock Nucor Common Stock Paid-in Retained Comprehensive (at cost) Stockholders' Noncontrolling Total Shares Amount Capital Earnings Income (Loss) Shares Amount Equity Interests BALANCES, December 31, 2021 $ 14,603,794 380,154 $ 152,061 $ 2,140,608 $ 17,674,100 $ ( 115,282 ) 107,742 $ ( 5,835,098 ) $ 14,016,389 $ 587,405 Net earnings before noncontrolling interests 2,227,115 - - - 2,095,623 - - - 2,095,623 131,492 Other comprehensive income (loss) 70,778 - - - - 70,778 - - 70,778 - Stock options exercised 16,586 - - ( 507 ) - - ( 310 ) 17,093 16,586 - Stock option expense 458 - - 458 - - - - 458 - Issuance of stock under award plans, 43,098 - - 21,170 - - ( 388 ) 21,928 43,098 - Amortization of unearned 1,400 - - 1,400 - - - - 1,400 - Treasury stock acquired ( 905,324 ) - - - - - 7,048 ( 905,324 ) ( 905,324 ) - Cash dividends declared ( 134,446 ) - - - ( 134,446 ) - - - ( 134,446 ) - Distributions to noncontrolling ( 211,558 ) - - - - - - - - ( 211,558 ) Acquisition of noncontrolling interest in CSI 431,219 - - - - - - - - 431,219 BALANCES, April 2, 2022 $ 16,143,120 380,154 $ 152,061 $ 2,163,129 $ 19,635,277 $ ( 44,504 ) 114,092 $ ( 6,701,401 ) $ 15,204,562 $ 938,558 Dividends declared per share were $ 0.51 per share in the first quarter of 2023 ($ 0.50 per share in the first quarter of 2022). On December 2, 2021, the Company announced that its Board of Directors had approved a share repurchase program under which the Company is authorized to repurchase up to $ 4.00 billion of the Company’s common stock and terminated all previously authorized share repurchase programs. Share repurchases will be made from time to time in the open market at prevailing market prices or through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The share repurchase authorization is discretionary and has no expiration date. As of April 1, 2023 , the Company had approximately $ 661.1 million available for share repurchases under the program authorized by the Company’s Board of Directors in December 2021.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Apr. 01, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	13. Accumulated Other Comprehensive Income (Loss) The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three months ended April 1, 2023 and April 2, 2022 (in thousands): Three-Month (13-Week) Period Ended April 1, 2023 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 26,100 $ ( 180,216 ) $ 16,599 $ ( 137,517 ) Other comprehensive income (loss) ( 24,575 ) ( 3,441 ) - ( 28,016 ) Amounts reclassified from accumulated (1) 175 - - 175 Net current-period other ( 24,400 ) ( 3,441 ) - ( 27,841 ) Accumulated other comprehensive $ 1,700 $ ( 183,657 ) $ 16,599 $ ( 165,358 ) Three-Month (13-Week) Period Ended April 2, 2022 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 1,112 $ ( 124,868 ) $ 8,474 $ ( 115,282 ) Other comprehensive income (loss) 53,476 22,692 - 76,168 Amounts reclassified from accumulated (1) ( 5,390 ) - - ( 5,390 ) Net current-period other 48,086 22,692 - 70,778 Accumulated other comprehensive $ 49,198 $ ( 102,176 ) $ 8,474 $ ( 44,504 ) (1) Includes $ 175 and $( 5,390 ) net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net (gains)/losses on commodity contracts in the first quarter of 2023 and 2022, respectively. The tax impact of those reclassifications was $ 100 and $( 1,700 ) in the first quarter of 2023 and 2022, respectively.

Segments

Segments	3 Months Ended
	Apr. 01, 2023
Segment Reporting [Abstract]
Segments	14. Segments Nucor reports its results in the following segments: steel mills, steel products and raw materials. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading and rebar distribution businesses; and Nucor’s equity method investments in NuMit LLC (“NuMit”) and Nucor-JFE Steel Mexico, S. de R.L. de C.V. (“NJSM”). The steel products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, precision castings, steel fasteners, metal building systems, insulated metal panels, overhead doors, steel grating, tubular products, steel racking, piling products, wire and wire mesh, and utility towers and structures. The raw materials segment includes The David J. Joseph Company and its affiliates (“DJJ”), primarily a scrap broker and processor; Nu-Iron Unlimited and Nucor Steel Louisiana LLC (“Nucor Steel Louisiana”), two facilities that produce direct reduced iron (“DRI”) used by the steel mills; and our natural gas production operations. Corporate/eliminations include items such as net interest expense on long-term debt, charges and credits associated with changes in allowances to eliminate intercompany profit in inventory, profit sharing expense and stock-based compensation. Corporate assets primarily include cash and cash equivalents, short-term investments, restricted cash and cash equivalents, allowances to eliminate intercompany profit in inventory, deferred income tax assets, federal and state income taxes receivable and investments in and advances to affiliates. Nucor’s results by segment for the first quarter of 2023 and 2022 were as follows (in thousands): Three Months (13 Weeks) Ended April 1, 2023 April 2, 2022 Net sales to external customers: Steel mills $ 4,979,257 $ 6,518,609 Steel products 3,275,997 3,323,088 Raw materials 454,726 651,585 $ 8,709,980 $ 10,493,282 Intercompany sales: Steel mills $ 1,163,632 $ 1,593,258 Steel products 100,361 134,706 Raw materials 3,170,892 3,546,519 Corporate/eliminations ( 4,434,885 ) ( 5,274,483 ) $ - $ - Earnings before income taxes and Steel mills $ 838,388 $ 2,578,854 Steel products 970,802 684,867 Raw materials 58,140 95,853 Corporate/eliminations ( 270,546 ) ( 461,459 ) $ 1,596,784 $ 2,898,115 April 1, 2023 Dec. 31, 2022 Segment assets: Steel mills $ 14,053,600 $ 14,157,229 Steel products 11,318,754 12,087,145 Raw materials 3,466,854 3,383,114 Corporate/eliminations 3,407,182 2,851,722 $ 32,246,390 $ 32,479,210

Revenue

Revenue	3 Months Ended
	Apr. 01, 2023
Revenue from Contract with Customer [Abstract]
Revenue	15. Revenue The following tables disaggregate our revenue by major source for the first quarter of 2023 and 2022 (in thousands): Three Months (13 Weeks) Ended April 1, 2023 Steel Steel Raw Total Sheet $ 2,102,694 $ - $ - $ 2,102,694 Bar 1,598,128 - - 1,598,128 Structural 638,307 - - 638,307 Plate 640,128 - - 640,128 Tubular Products - 438,983 - 438,983 Rebar Fabrication - 498,117 - 498,117 Joist - 635,816 - 635,816 Deck - 485,443 - 485,443 Other Steel Products - 1,217,638 - 1,217,638 Raw Materials - - 454,726 454,726 $ 4,979,257 $ 3,275,997 $ 454,726 $ 8,709,980 Three Months (13 Weeks) Ended April 2, 2022 Steel Steel Raw Total Sheet $ 3,183,063 $ - $ - $ 3,183,063 Bar 1,827,731 - - 1,827,731 Structural 783,271 - - 783,271 Plate 724,544 - - 724,544 Tubular Products - 610,300 - 610,300 Rebar Fabrication - 445,232 - 445,232 Joist - 612,235 - 612,235 Deck - 550,909 - 550,909 Other Steel Products - 1,104,412 - 1,104,412 Raw Materials - - 651,585 651,585 $ 6,518,609 $ 3,323,088 $ 651,585 $ 10,493,282 Contract liabilities are primarily related to deferred revenue resulting from cash payments received in advance from customers to protect against credit risk. Contract liabilities totaled $ 329.5 million as of April 1, 2023 ($ 285.0 million as of December 31, 2022) and are included in accrued expenses and other current liabilities in the condensed consolidated balance sheets.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 01, 2023
Earnings Per Share [Abstract]
Earnings Per Share	16. Earnings Per Share The computations of basic and diluted net earnings per share for the first quarter of 2023 and 2022 are as follows (in thousands, except per share data): Three Months (13 Weeks) Ended April 1, 2023 April 2, 2022 Basic net earnings per share: Basic net earnings $ 1,136,542 $ 2,095,623 Earnings allocated to participating securities ( 3,413 ) ( 8,420 ) Net earnings available to common stockholders $ 1,133,129 $ 2,087,203 Basic average shares outstanding 253,608 271,564 Basic net earnings per share $ 4.47 $ 7.69 Diluted net earnings per share: Diluted net earnings $ 1,136,542 $ 2,095,623 Earnings allocated to participating securities ( 3,392 ) ( 8,385 ) Net earnings available to common stockholders $ 1,133,150 $ 2,087,238 Diluted average shares outstanding: Basic average shares outstanding 253,608 271,564 Dilutive effect of stock options and other 789 530 254,397 272,094 Diluted net earnings per share $ 4.45 $ 7.67 There were no shares excluded from the computation of diluted earnings per common share because their effect would have been antidilutive in either the first quarter of 2023 or the first quarter of 2022.

Basis of Interim Presentation (

Basis of Interim Presentation (Policies)	3 Months Ended
	Apr. 01, 2023
Accounting Policies [Abstract]
Recent Accounting Pronouncements and Impacts of Enacted Legislation	Recent Accounting Pronouncements and Impacts of Enacted Legislation On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1 % excise tax on certain repurchases of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. This did not have a material impact on our financial position or results of operations.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Apr. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Change in Net Carrying Amount of Goodwill by Segment	The change in the net carrying amount of goodwill for the three months ended April 1, 2023 by segment was as follows (in thousands): Steel Mills Steel Products Raw Materials Total Balance at December 31, 2022 $ 675,186 $ 2,510,045 $ 734,829 $ 3,920,060 Acquisitions - ( 3,740 ) - ( 3,740 ) Translation - ( 1,412 ) - ( 1,412 ) Balance at April 1, 2023 $ 675,186 $ 2,504,893 $ 734,829 $ 3,914,908
Schedule of Intangible Assets	Intangible assets with estimated useful lives of five to 25 years are amortized on a straight-line or accelerated basis and consisted of the following as of April 1, 2023 and December 31, 2022 (in thousands): April 1, 2023 December 31, 2022 Gross Amount Accumulated Gross Amount Accumulated Customer relationships $ 4,174,632 $ 1,139,923 $ 4,174,724 $ 1,087,834 Trademarks and trade names 364,087 148,032 364,106 142,363 Other 109,746 97,125 109,746 96,114 $ 4,648,465 $ 1,385,080 $ 4,648,576 $ 1,326,311

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 01, 2023
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value	The following table summarizes information regarding Nucor’s financial assets and financial liabilities that were measured at fair value as of April 1, 2023 and December 31, 2022 (in thousands). Nucor does not have any non-financial assets or non-financial liabilities that are measured at fair value on a recurring basis. Fair Value Measurements at Reporting Date Using Description Carrying Quoted Prices Significant Significant As of April 1, 2023 Assets: Cash equivalents $ 3,294,514 $ 3,294,514 $ - $ - Short-term investments 817,811 817,811 - - Restricted cash and cash equivalents 81,145 81,145 - - Derivative contracts 8,247 - 8,247 - Total assets $ 4,201,717 $ 4,193,470 $ 8,247 $ - Liabilities: Derivative contracts $ ( 5,870 ) $ - $ ( 5,870 ) $ - As of December 31, 2022 Assets: Cash equivalents $ 3,182,631 $ 3,182,631 $ - $ - Short-term investments 576,946 576,946 - - Restricted cash and cash equivalents 80,368 80,368 - - Derivative contracts 34,400 - 34,400 - Total assets $ 3,874,345 $ 3,839,945 $ 34,400 $ - Liabilities: Derivative contracts $ ( 1,370 ) $ - $ ( 1,370 ) $ -

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Apr. 01, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Plans Activity	A summary of activity under Nucor’s stock option plans for the first quarter of 2023 is as follows (shares and aggregate intrinsic value in thousands): Weighted- Weighted- Average Average Aggregate Exercise Remaining Intrinsic Shares Price Contractual Life Value Number of shares under stock options: Outstanding at beginning of year 837 $ 66.76 Granted - $ - Exercised ( 131 ) $ 54.49 $ 15,539 Canceled - $ - Outstanding at April 1, 2023 706 $ 69.04 7.4 years $ 60,364 Stock options exercisable at April 1, 2023 182 $ 63.28 6.6 years $ 16,580
Summary of Nucor's Restricted Stock Unit ("RSU") Activity	A summary of Nucor’s restricted stock unit (“RSU”) activity for the first quarter of 2023 is as follows (shares in thousands): Shares Grant Date Restricted stock units: Unvested at beginning of year 1,003 $ 98.66 Granted - $ - Vested ( 161 ) $ 94.43 Canceled ( 2 ) $ 58.29 Unvested at April 1, 2023 840 $ 99.55
Summary of Nucor's Restricted Stock Activity under AIP and LTIP	A summary of Nucor’s restricted stock activity under the Nucor Corporation Senior Officers Annual Incentive Plan (a supplement to the Nucor Corporation 2014 Omnibus Incentive Compensation Plan, the “AIP”) and the Nucor Corporation Senior Officers Long-Term Incentive Plan (a supplement to the Nucor Corporation 2014 Omnibus Incentive Compensation Plan, the “LTIP”) for the first quarter of 2023 is as follows (shares in thousands): Grant Date Shares Fair Value Restricted stock units and restricted stock awards: Unvested at beginning of year 209 $ 108.55 Granted 414 $ 171.38 Vested ( 406 ) $ 152.68 Canceled - $ - Unvested at April 1, 2023 217 $ 145.82

Interest Expense (Income) (Tabl

Interest Expense (Income) (Tables)	3 Months Ended
	Apr. 01, 2023
Banking and Thrift, Interest [Abstract]
Schedule of Components of Net Interest Expense	The components of net interest expense for the first quarter of 2023 and 2022 are as follows (in thousands): Three Months (13 Weeks) Ended April 1, 2023 April 2, 2022 Interest expense $ 62,682 $ 44,076 Interest income ( 52,499 ) ( 941 ) Interest expense, net $ 10,183 $ 43,135

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Apr. 01, 2023
Equity [Abstract]
Schedule Of Changes In Stock Holders Equity	The following tables reflect the changes in stockholders’ equity attributable to Nucor and the noncontrolling interests of Nucor’s joint ventures, Nucor-Yamato Steel Company (Limited Partnership) (“NYS”) and California Steel Industries, Inc. (“CSI”), in both of which Nucor owns 51 %, for the three months ended April 1, 2023 and April 2, 2022 (in thousands): Three Months (13 Weeks) Ended April 1, 2023 Accumulated Total Additional Other Treasury Stock Nucor Common Stock Paid-in Retained Comprehensive (at cost) Stockholders' Noncontrolling Total Shares Amount Capital Earnings Income (Loss) Shares Amount Equity Interests BALANCES, December 31, 2022 $ 19,569,906 380,154 $ 152,061 $ 2,143,520 $ 24,754,873 $ ( 137,517 ) 126,661 $ ( 8,498,243 ) $ 18,414,694 $ 1,155,212 Net earnings before noncontrolling interests 1,231,629 - - - 1,136,542 - - - 1,136,542 95,087 Other comprehensive income (loss) ( 27,841 ) - - - - ( 27,841 ) - - ( 27,841 ) - Stock options exercised 7,123 - - ( 1,749 ) - - ( 131 ) 8,872 7,123 - Stock option expense 475 - - 475 - - - - 475 - Issuance of stock under award plans, 43,820 - - 24,760 - - ( 323 ) 19,060 43,820 - Amortization of unearned 1,764 - - 1,764 - - - - 1,764 - Treasury stock acquired, and net impact of excise tax ( 429,813 ) - - - - - 2,723 ( 429,813 ) ( 429,813 ) - Cash dividends declared ( 129,383 ) - - - ( 129,383 ) - - - ( 129,383 ) - Distributions to noncontrolling ( 337,810 ) - - - - - - - - ( 337,810 ) BALANCES, April 1, 2023 $ 19,929,870 380,154 $ 152,061 $ 2,168,770 $ 25,762,032 $ ( 165,358 ) 128,930 $ ( 8,900,124 ) $ 19,017,381 $ 912,489 Three Months (13 Weeks) Ended April 2, 2022 Accumulated Total Additional Other Treasury Stock Nucor Common Stock Paid-in Retained Comprehensive (at cost) Stockholders' Noncontrolling Total Shares Amount Capital Earnings Income (Loss) Shares Amount Equity Interests BALANCES, December 31, 2021 $ 14,603,794 380,154 $ 152,061 $ 2,140,608 $ 17,674,100 $ ( 115,282 ) 107,742 $ ( 5,835,098 ) $ 14,016,389 $ 587,405 Net earnings before noncontrolling interests 2,227,115 - - - 2,095,623 - - - 2,095,623 131,492 Other comprehensive income (loss) 70,778 - - - - 70,778 - - 70,778 - Stock options exercised 16,586 - - ( 507 ) - - ( 310 ) 17,093 16,586 - Stock option expense 458 - - 458 - - - - 458 - Issuance of stock under award plans, 43,098 - - 21,170 - - ( 388 ) 21,928 43,098 - Amortization of unearned 1,400 - - 1,400 - - - - 1,400 - Treasury stock acquired ( 905,324 ) - - - - - 7,048 ( 905,324 ) ( 905,324 ) - Cash dividends declared ( 134,446 ) - - - ( 134,446 ) - - - ( 134,446 ) - Distributions to noncontrolling ( 211,558 ) - - - - - - - - ( 211,558 ) Acquisition of noncontrolling interest in CSI 431,219 - - - - - - - - 431,219 BALANCES, April 2, 2022 $ 16,143,120 380,154 $ 152,061 $ 2,163,129 $ 19,635,277 $ ( 44,504 ) 114,092 $ ( 6,701,401 ) $ 15,204,562 $ 938,558

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Apr. 01, 2023
Equity [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three months ended April 1, 2023 and April 2, 2022 (in thousands): Three-Month (13-Week) Period Ended April 1, 2023 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 26,100 $ ( 180,216 ) $ 16,599 $ ( 137,517 ) Other comprehensive income (loss) ( 24,575 ) ( 3,441 ) - ( 28,016 ) Amounts reclassified from accumulated (1) 175 - - 175 Net current-period other ( 24,400 ) ( 3,441 ) - ( 27,841 ) Accumulated other comprehensive $ 1,700 $ ( 183,657 ) $ 16,599 $ ( 165,358 ) Three-Month (13-Week) Period Ended April 2, 2022 Gains and (Losses) on Foreign Currency Adjustment to Early Hedging Derivatives Gains (Losses) Retiree Medical Plan Total Accumulated other comprehensive $ 1,112 $ ( 124,868 ) $ 8,474 $ ( 115,282 ) Other comprehensive income (loss) 53,476 22,692 - 76,168 Amounts reclassified from accumulated (1) ( 5,390 ) - - ( 5,390 ) Net current-period other 48,086 22,692 - 70,778 Accumulated other comprehensive $ 49,198 $ ( 102,176 ) $ 8,474 $ ( 44,504 ) (1) Includes $ 175 and $( 5,390 ) net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net (gains)/losses on commodity contracts in the first quarter of 2023 and 2022, respectively. The tax impact of those reclassifications was $ 100 and $( 1,700 ) in the first quarter of 2023 and 2022, respectively.

Segments (Tables)

Segments (Tables)	3 Months Ended
	Apr. 01, 2023
Segment Reporting [Abstract]
Segments	Nucor’s results by segment for the first quarter of 2023 and 2022 were as follows (in thousands): Three Months (13 Weeks) Ended April 1, 2023 April 2, 2022 Net sales to external customers: Steel mills $ 4,979,257 $ 6,518,609 Steel products 3,275,997 3,323,088 Raw materials 454,726 651,585 $ 8,709,980 $ 10,493,282 Intercompany sales: Steel mills $ 1,163,632 $ 1,593,258 Steel products 100,361 134,706 Raw materials 3,170,892 3,546,519 Corporate/eliminations ( 4,434,885 ) ( 5,274,483 ) $ - $ - Earnings before income taxes and Steel mills $ 838,388 $ 2,578,854 Steel products 970,802 684,867 Raw materials 58,140 95,853 Corporate/eliminations ( 270,546 ) ( 461,459 ) $ 1,596,784 $ 2,898,115 April 1, 2023 Dec. 31, 2022 Segment assets: Steel mills $ 14,053,600 $ 14,157,229 Steel products 11,318,754 12,087,145 Raw materials 3,466,854 3,383,114 Corporate/eliminations 3,407,182 2,851,722 $ 32,246,390 $ 32,479,210

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Apr. 01, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Net Sales Disaggregates by Major Source	The following tables disaggregate our revenue by major source for the first quarter of 2023 and 2022 (in thousands): Three Months (13 Weeks) Ended April 1, 2023 Steel Steel Raw Total Sheet $ 2,102,694 $ - $ - $ 2,102,694 Bar 1,598,128 - - 1,598,128 Structural 638,307 - - 638,307 Plate 640,128 - - 640,128 Tubular Products - 438,983 - 438,983 Rebar Fabrication - 498,117 - 498,117 Joist - 635,816 - 635,816 Deck - 485,443 - 485,443 Other Steel Products - 1,217,638 - 1,217,638 Raw Materials - - 454,726 454,726 $ 4,979,257 $ 3,275,997 $ 454,726 $ 8,709,980 Three Months (13 Weeks) Ended April 2, 2022 Steel Steel Raw Total Sheet $ 3,183,063 $ - $ - $ 3,183,063 Bar 1,827,731 - - 1,827,731 Structural 783,271 - - 783,271 Plate 724,544 - - 724,544 Tubular Products - 610,300 - 610,300 Rebar Fabrication - 445,232 - 445,232 Joist - 612,235 - 612,235 Deck - 550,909 - 550,909 Other Steel Products - 1,104,412 - 1,104,412 Raw Materials - - 651,585 651,585 $ 6,518,609 $ 3,323,088 $ 651,585 $ 10,493,282

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 01, 2023
Earnings Per Share [Abstract]
Computations of Basic and Diluted Net Earnings Per Share	The computations of basic and diluted net earnings per share for the first quarter of 2023 and 2022 are as follows (in thousands, except per share data): Three Months (13 Weeks) Ended April 1, 2023 April 2, 2022 Basic net earnings per share: Basic net earnings $ 1,136,542 $ 2,095,623 Earnings allocated to participating securities ( 3,413 ) ( 8,420 ) Net earnings available to common stockholders $ 1,133,129 $ 2,087,203 Basic average shares outstanding 253,608 271,564 Basic net earnings per share $ 4.47 $ 7.69 Diluted net earnings per share: Diluted net earnings $ 1,136,542 $ 2,095,623 Earnings allocated to participating securities ( 3,392 ) ( 8,385 ) Net earnings available to common stockholders $ 1,133,150 $ 2,087,238 Diluted average shares outstanding: Basic average shares outstanding 253,608 271,564 Dilutive effect of stock options and other 789 530 254,397 272,094 Diluted net earnings per share $ 4.45 $ 7.67

Basis of Interim Presentation -

Basis of Interim Presentation - Additional Information (Detail)	Aug. 16, 2022
Accounting Policies [Abstract]
Excise tax	1%

Inventories - Additional Inform

Inventories - Additional Information (Detail)	Apr. 01, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials and supplies in inventory, percentage	39%	37%
Finished and semi-finished products in inventory, percentage	61%	63%

Property, Plant and Equipment -

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	Apr. 01, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Accumulated depreciation	$ 11,320	$ 11,120

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Change in Net Carrying Amount of Goodwill by Segment (Detail) $ in Thousands	3 Months Ended
	Apr. 01, 2023 USD ($)
Goodwill [Line Items]
Balance, beginning of period	$ 3,920,060
Acquisitions	(3,740)
Translation	(1,412)
Balance, end of period	3,914,908
Steel Mills [Member]
Goodwill [Line Items]
Balance, beginning of period	675,186
Balance, end of period	675,186
Steel Products [Member]
Goodwill [Line Items]
Balance, beginning of period	2,510,045
Acquisitions	(3,740)
Translation	(1,412)
Balance, end of period	2,504,893
Raw Materials [Member]
Goodwill [Line Items]
Balance, beginning of period	734,829
Balance, end of period	$ 734,829

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended			12 Months Ended
	Apr. 01, 2023	Dec. 31, 2022	Apr. 02, 2022	Dec. 31, 2022
Finite And Indefinite Lived Intangible Assets [Line Items]
Impairment of goodwill		$ 0
Goodwill	$ 3,914,908,000	3,920,060,000		$ 3,920,060,000
Finite-lived intangible assets	3,263,385,000	3,322,265,000		$ 3,322,265,000
Intangible asset amortization expense	58,800,000		$ 41,400,000
Future amortization expense, in 2023	233,600,000
Future amortization expense, in 2024	233,400,000
Future amortization expense, in 2025	232,500,000
Future amortization expense, in 2026	229,600,000
Future amortization expense, in 2027	$ 225,400,000
Minimum [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, useful life	5 years
Maximum [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, useful life	25 years
Rebar Fabrication [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Percentage of fair value exceeded carrying value				34%
Goodwill	$ 346,400,000	347,600,000		$ 347,600,000
Finite-lived intangible assets	$ 34,400,000	$ 36,300,000		$ 36,300,000

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	$ 4,648,465	$ 4,648,576
Intangible assets, Accumulated Amortization	1,385,080	1,326,311
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	4,174,632	4,174,724
Intangible assets, Accumulated Amortization	1,139,923	1,087,834
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	364,087	364,106
Intangible assets, Accumulated Amortization	148,032	142,363
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	109,746	109,746
Intangible assets, Accumulated Amortization	$ 97,125	$ 96,114

Current Liabilities - Additiona

Current Liabilities - Additional Information (Detail) - USD ($) $ in Millions	Apr. 01, 2023	Dec. 31, 2022
Liabilities, Current [Abstract]
Book overdrafts	$ 156.4	$ 163.6
Dividends payable, current	$ 129.4	$ 130.5

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities Measured at Fair Value (Detail) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments	$ 817,811	$ 576,946
Total assets	32,246,390	32,479,210
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	3,294,514	3,182,631
Short-term investments	817,811	576,946
Restricted cash and cash equivalents	81,145	80,368
Derivative contracts, assets	8,247	34,400
Total assets	4,201,717	3,874,345
Derivative contracts, liabilities	(5,870)	(1,370)
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents	3,294,514	3,182,631
Short-term investments	817,811	576,946
Restricted cash and cash equivalents	81,145	80,368
Total assets	4,193,470	3,839,945
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative contracts, assets	8,247	34,400
Total assets	8,247	34,400
Derivative contracts, liabilities	$ (5,870)	$ (1,370)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Apr. 01, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair value of short-term and long-term debt, including current maturities	$ 6,070	$ 5,930

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Option Plans Activity (Detail) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2023 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Outstanding at beginning of year, Shares | shares	837
Exercised, Shares | shares	(131)
Outstanding at April 1, 2023, Shares | shares	706
Stock options exercisable at April 1, 2023, Shares | shares	182
Outstanding at beginning of year, Weighted - Average Exercise Price | $ / shares	$ 66.76
Exercised, Weighted - Average Exercise Price | $ / shares	54.49
Outstanding at April 1, 2023, Weighted - Average Exercise Price | $ / shares	69.04
Stock options exercisable at April 1, 2023, Weighted - Average Exercise Price | $ / shares	$ 63.28
Outstanding, Weighted - Average Remaining Contractual Life	7 years 4 months 24 days
Stock options exercisable, Weighted - Average Remaining Contractual Life	6 years 7 months 6 days
Exercised, Aggregate Intrinsic Value | $	$ 15,539
Outstanding at April 1, 2023, Aggregate Intrinsic Value | $	60,364
Stock options exercisable, Aggregate Intrinsic Value | $	$ 16,580

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expenses for stock options	$ 0.5	$ 0.5
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to stock	$ 1.7
Weighted-average recognition period for unrecognized compensation expense related to stock (years)	1 year 6 months
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to stock	$ 50.6
Weighted-average recognition period for unrecognized compensation expense related to stock (years)	1 year
Compensation expense	$ 12.2	9
Restricted Stock Awards and Units [Member] | AIP and LTIP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to stock	$ 12.2
Weighted-average recognition period for unrecognized compensation expense related to stock (years)	2 years 2 months 12 days
Compensation expense	$ 7.7	$ 17

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Nucor's Restricted Stock Unit ("RSU") Activity (Detail) - Restricted Stock Units [Member] shares in Thousands	3 Months Ended
	Apr. 01, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at beginning of year, Shares | shares	1,003
Vested, Shares | shares	(161)
Canceled, Shares | shares	(2)
Unvested at April 1, 2023, Shares | shares	840
Unvested at beginning of year, Grant Date Fair Value Per Share | $ / shares	$ 98.66
Vested, Grant Date Fair Value Per Share | $ / shares	94.43
Canceled, Grant Date Fair Value Per Share | $ / shares	58.29
Unvested at April 1, 2023, Grant Date Fair Value Per Share | $ / shares	$ 99.55

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Nucor's Restricted Stock Activity under AIP and LTIP (Detail) - Restricted Stock Units and Restricted Stock Awards [Member] shares in Thousands	3 Months Ended
	Apr. 01, 2023 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested at beginning of year, Shares | shares	209
Granted, Shares | shares	414
Vested, Shares | shares	(406)
Unvested at April 1, 2023, Shares | shares	217
Unvested at beginning of year, Grant Date Fair Value Per Share | $ / shares	$ 108.55
Granted, Grant Date Fair Value Per Share | $ / shares	171.38
Vested, Grant Date Fair Value Per Share | $ / shares	152.68
Unvested at April 1, 2023, Grant Date Fair Value Per Share | $ / shares	$ 145.82

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Employee Benefit Plan [Abstract]
Profit Sharing and Retirement Savings Plan, plan expense	$ 162.2	$ 286.9

Interest Expense (Income) - Sch

Interest Expense (Income) - Schedule of Components of Net Interest Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Interest Revenue (Expense), Net [Abstract]
Interest expense	$ 62,682	$ 44,076
Interest income	(52,499)	(941)
Interest expense, net	$ 10,183	$ 43,135

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate	22.90%	23.20%
Non-current deferred tax assets included in other assets	$ 13.7		$ 19.3
Non-current deferred tax liabilities included in deferred credits and other liabilities	$ 1,260		$ 1,300

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Dec. 02, 2021
Dividends declared per share	$ 0.51	$ 0.50
Common Stock [Member]
Share repurchase program, available repurchase amount	$ 661.1
Common Stock [Member] | Maximum [Member]
Stock Repurchase Program, Authorized Amount			$ 4,000
Nucor-Yamato Steel Company and California Steel Industries [Member]
Noncontrolling interest, ownership percentage by parent	51%	51%

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Change in Stockholder's Equity (Detail) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
BALANCES, beginning of period	$ 19,569,906	$ 14,603,794
Net earnings before noncontrolling interests	1,231,629	2,227,115
Other comprehensive income (loss)	(27,841)	70,778
Stock options exercised	$ 7,123	16,586
Stock options exercised (in shares)	131
Stock option expense	$ 475	458
Issuance of stock under award plans, net of forfeitures	43,820	43,098
Amortization of unearned compensation	1,764	1,400
Treasury stock acquired, and net impact of excise tax	(429,813)	(905,324)
Cash dividends declared	(129,383)	(134,446)
Distributions to noncontrolling interests	(337,810)	(211,558)
Acquisition of noncontrolling interest in CSI		431,219
BALANCES, end of period	19,929,870	16,143,120
Common Stock [Member]
BALANCES, beginning of period	$ 152,061	$ 152,061
BALANCES, shares at beginning of period	380,154	380,154
BALANCES, end of period	$ 152,061	$ 152,061
BALANCES, shares at end of period	380,154	380,154
Additional Paid-in Capital [Member]
BALANCES, beginning of period	$ 2,143,520	$ 2,140,608
Stock options exercised	(1,749)	(507)
Stock option expense	475	458
Issuance of stock under award plans, net of forfeitures	24,760	21,170
Amortization of unearned compensation	1,764	1,400
BALANCES, end of period	2,168,770	2,163,129
Retained Earnings [Member]
BALANCES, beginning of period	24,754,873	17,674,100
Net earnings before noncontrolling interests	1,136,542	2,095,623
Cash dividends declared	(129,383)	(134,446)
BALANCES, end of period	25,762,032	19,635,277
Accumulated Other Comprehensive Income (Loss) [Member]
BALANCES, beginning of period	(137,517)	(115,282)
Other comprehensive income (loss)	(27,841)	70,778
BALANCES, end of period	(165,358)	(44,504)
Treasury Stock (at cost) [Member]
BALANCES, beginning of period	$ (8,498,243)	$ (5,835,098)
BALANCES, shares at beginning of period	126,661	107,742
Stock options exercised	$ 8,872	$ 17,093
Stock options exercised (in shares)	(131)	(310)
Issuance of stock under award plans, net of forfeitures	$ 19,060	$ 21,928
Issuance of stock under award plans, net of forfeitures, shares	(323)	(388)
Treasury stock acquired, and net impact of excise tax	$ (429,813)	$ (905,324)
Treasury stock acquired (in shares)	2,723	7,048
BALANCES, end of period	$ (8,900,124)	$ (6,701,401)
BALANCES, shares at end of period	128,930	114,092
Total Nucor Stockholders' Equity [Member]
BALANCES, beginning of period	$ 18,414,694	$ 14,016,389
Net earnings before noncontrolling interests	1,136,542	2,095,623
Other comprehensive income (loss)	(27,841)	70,778
Stock options exercised	7,123	16,586
Stock option expense	475	458
Issuance of stock under award plans, net of forfeitures	43,820	43,098
Amortization of unearned compensation	1,764	1,400
Treasury stock acquired, and net impact of excise tax	(429,813)	(905,324)
Cash dividends declared	(129,383)	(134,446)
BALANCES, end of period	19,017,381	15,204,562
Noncontrolling Interests [Member]
BALANCES, beginning of period	1,155,212	587,405
Net earnings before noncontrolling interests	95,087	131,492
Distributions to noncontrolling interests	(337,810)	(211,558)
Acquisition of noncontrolling interest in CSI		431,219
BALANCES, end of period	$ 912,489	$ 938,558

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning Balance, Gains and (Losses) on Hedging Derivatives	$ 26,100	$ 1,112
Other comprehensive income (loss) before reclassifications, Gains and (Losses) on Hedging Derivatives	(24,575)	53,476
Amounts reclassified from accumulated other comprehensive income (loss) into earnings, Gains and (Losses) on Hedging Derivatives	175	(5,390)
Net current-period other comprehensive income (loss), Gains and (Losses) on Hedging Derivatives	(24,400)	48,086
Ending Balance, Gains and (Losses) on Hedging Derivatives	1,700	49,198
Beginning Balance, Foreign Currency Gains (Losses)	(180,216)	(124,868)
Other comprehensive income (loss) before reclassifications, Foreign Currency Gains (Losses)	(3,441)	22,692
Net current-period other comprehensive income (loss), Foreign Currency Gains (Losses)	(3,441)	22,692
Ending Balance, Foreign Currency Gains (Losses)	(183,657)	(102,176)
Beginning Balance, Adjustment to Early Retiree Medical Plan	16,599	8,474
Other comprehensive income (loss) before reclassifications, Adjustment to Early Retiree Medical Plan	0	0
Amounts reclassified from accumulated other comprehensive (loss) income into earnings, Adjustment to Early Retiree Medical Plan	0	0
Net current-period other comprehensive income (loss), Adjustment to Early Retiree Medical Plan	0	0
Ending Balance, Adjustment to Early Retiree Medical Plan	16,599	8,474
Beginning Balance	(137,517)	(115,282)
Other comprehensive income (loss) before reclassifications	(28,016)	76,168
Amounts reclassified from accumulated other comprehensive income (loss) into earnings	175	(5,390)
Net current-period other comprehensive income (loss)	(27,841)	70,778
Ending Balance	$ (165,358)	$ (44,504)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss) into earnings, Gains and (Losses) on Hedging Derivatives	$ 175	$ (5,390)
Reclassification adjustment for (gain) loss on settlement of hedging derivatives included in net earnings, tax effect	100	(1,700)
Cost of Products Sold [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss) into earnings, Gains and (Losses) on Hedging Derivatives	175	(5,390)
Reclassification adjustment for (gain) loss on settlement of hedging derivatives included in net earnings, tax effect	$ 100	$ (1,700)

Segments - Segments (Detail)

Segments - Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net sales	$ 8,709,980	$ 10,493,282
Earnings (losses) before income taxes and noncontrolling interests	1,596,784	2,898,115
Total assets	32,246,390		$ 32,479,210
Operating Segments [Member] | Steel Mills [Member]
Segment Reporting Information [Line Items]
Net sales	4,979,257	6,518,609
Earnings (losses) before income taxes and noncontrolling interests	838,388	2,578,854
Total assets	14,053,600		14,157,229
Operating Segments [Member] | Steel Products [Member]
Segment Reporting Information [Line Items]
Net sales	3,275,997	3,323,088
Earnings (losses) before income taxes and noncontrolling interests	970,802	684,867
Total assets	11,318,754		12,087,145
Operating Segments [Member] | Raw Materials [Member]
Segment Reporting Information [Line Items]
Net sales	454,726	651,585
Earnings (losses) before income taxes and noncontrolling interests	58,140	95,853
Total assets	3,466,854		3,383,114
Intercompany Eliminations [Member] | Steel Mills [Member]
Segment Reporting Information [Line Items]
Net sales	1,163,632	1,593,258
Intercompany Eliminations [Member] | Steel Products [Member]
Segment Reporting Information [Line Items]
Net sales	100,361	134,706
Intercompany Eliminations [Member] | Raw Materials [Member]
Segment Reporting Information [Line Items]
Net sales	3,170,892	3,546,519
Corporate and Eliminations Items [Member]
Segment Reporting Information [Line Items]
Net sales	(4,434,885)	(5,274,483)
Earnings (losses) before income taxes and noncontrolling interests	(270,546)	$ (461,459)
Total assets	$ 3,407,182		$ 2,851,722

Revenue - Schedule of Net Sales

Revenue - Schedule of Net Sales Disaggregates by Major Source (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Revenue from Contract with Customers [Line Items]
Revenues	$ 8,709,980	$ 10,493,282
Sheet [Member]
Revenue from Contract with Customers [Line Items]
Revenues	2,102,694	3,183,063
Bar [Member]
Revenue from Contract with Customers [Line Items]
Revenues	1,598,128	1,827,731
Structural [Member]
Revenue from Contract with Customers [Line Items]
Revenues	638,307	783,271
Plate [Member]
Revenue from Contract with Customers [Line Items]
Revenues	640,128	724,544
Tubular Products [Member]
Revenue from Contract with Customers [Line Items]
Revenues	438,983	610,300
Rebar Fabrication [Member]
Revenue from Contract with Customers [Line Items]
Revenues	498,117	445,232
Joist [Member]
Revenue from Contract with Customers [Line Items]
Revenues	635,816	612,235
Deck [Member]
Revenue from Contract with Customers [Line Items]
Revenues	485,443	550,909
Other Steel Products [Member]
Revenue from Contract with Customers [Line Items]
Revenues	1,217,638	1,104,412
Raw Materials [Member]
Revenue from Contract with Customers [Line Items]
Revenues	454,726	651,585
Steel Mills [Member]
Revenue from Contract with Customers [Line Items]
Revenues	4,979,257	6,518,609
Steel Mills [Member] | Sheet [Member]
Revenue from Contract with Customers [Line Items]
Revenues	2,102,694	3,183,063
Steel Mills [Member] | Bar [Member]
Revenue from Contract with Customers [Line Items]
Revenues	1,598,128	1,827,731
Steel Mills [Member] | Structural [Member]
Revenue from Contract with Customers [Line Items]
Revenues	638,307	783,271
Steel Mills [Member] | Plate [Member]
Revenue from Contract with Customers [Line Items]
Revenues	640,128	724,544
Steel Products [Member]
Revenue from Contract with Customers [Line Items]
Revenues	3,275,997	3,323,088
Steel Products [Member] | Tubular Products [Member]
Revenue from Contract with Customers [Line Items]
Revenues	438,983	610,300
Steel Products [Member] | Rebar Fabrication [Member]
Revenue from Contract with Customers [Line Items]
Revenues	498,117	445,232
Steel Products [Member] | Joist [Member]
Revenue from Contract with Customers [Line Items]
Revenues	635,816	612,235
Steel Products [Member] | Deck [Member]
Revenue from Contract with Customers [Line Items]
Revenues	485,443	550,909
Steel Products [Member] | Other Steel Products [Member]
Revenue from Contract with Customers [Line Items]
Revenues	1,217,638	1,104,412
Raw Materials [Member]
Revenue from Contract with Customers [Line Items]
Revenues	454,726	651,585
Raw Materials [Member] | Raw Materials [Member]
Revenue from Contract with Customers [Line Items]
Revenues	$ 454,726	$ 651,585

Revenue - Additional Informatio

Revenue - Additional Information (Detail) - USD ($) $ in Millions	Apr. 01, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 329.5	$ 285

Earnings Per Share - Computatio

Earnings Per Share - Computations of Basic and Diluted Net Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Earnings Per Share [Abstract]
Basic net earnings	$ 1,136,542	$ 2,095,623
Earnings allocated to participating securities, Basic	(3,413)	(8,420)
Net earnings available to common stockholders, Basic	$ 1,133,129	$ 2,087,203
Basic average shares outstanding	253,608	271,564
Basic net earnings per share	$ 4.47	$ 7.69
Diluted net earnings	$ 1,136,542	$ 2,095,623
Earnings allocated to participating securities, Diluted	(3,392)	(8,385)
Net earnings available to common stockholders, Diluted	$ 1,133,150	$ 2,087,238
Diluted average shares outstanding	254,397	272,094
Dilutive effect of stock options and other	789	530
Diluted net earnings per share	$ 4.45	$ 7.67

Earnings Per Share - Anti-dilut

Earnings Per Share - Anti-dilutive Stock Options (Detail) - shares	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Earnings Per Share [Abstract]
Weighted-average shares	0	0

Debt and Other Financing Arrang

Debt and Other Financing Arrangements - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Debt Instrument [Line Items]
Redemption amount	$ 2,500	$ 2,500

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 01, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill		$ 3,914,908	$ 3,920,060
Acquisitions net of cash acquired	$ 347,177

Acquisitions - Summary of Fair

Acquisitions - Summary of Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill	$ 3,914,908	$ 3,920,060