v3.25.2
Stockholders' Equity
 6 Months Ended
Jul. 05, 2025
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”), California Steel Industries, Inc. (“CSI”) and NJSM for the three months and six months ended July 5, 2025 and June 29, 2024 (in millions):

 

 

 

 

 

 

Three Months (13 Weeks) Ended July 5, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, April 5, 2025

 

$

21,115

 

 

 

380.2

 

 

$

152

 

 

$

2,245

 

 

$

30,300

 

 

$

(198

)

 

 

149.4

 

 

$

(12,430

)

 

$

20,069

 

 

$

1,046

 

Net earnings before noncontrolling interests

 

 

706

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

603

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

603

 

 

 

103

 

Other comprehensive income (loss)

 

 

31

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

31

 

 

 

-

 

 

 

-

 

 

 

31

 

 

 

-

 

Stock options exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Stock option expense

 

 

4

 

 

 

-

 

 

 

-

 

 

 

4

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4

 

 

 

-

 

Issuance of stock under award plans,
   net of forfeitures

 

 

10

 

 

 

-

 

 

 

-

 

 

 

(38

)

 

 

-

 

 

 

-

 

 

 

(0.5

)

 

 

48

 

 

 

10

 

 

 

-

 

Amortization of unearned
   compensation

 

 

2

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

-

 

Treasury stock acquired, and net impact of excise tax

 

 

(202

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1.8

 

 

 

(202

)

 

 

(202

)

 

 

-

 

Cash dividends declared

 

 

(128

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(128

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(128

)

 

 

-

 

Distributions to noncontrolling
   interests

 

 

(46

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(46

)

BALANCES, July 5, 2025

 

$

21,492

 

 

 

380.2

 

 

$

152

 

 

$

2,213

 

 

$

30,775

 

 

$

(167

)

 

 

150.7

 

 

$

(12,584

)

 

$

20,389

 

 

$

1,103

 

 

 

 

 

 

 

Six Months (26 Weeks) Ended July 5, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2024

 

$

21,417

 

 

 

380.2

 

 

$

152

 

 

$

2,223

 

 

$

30,271

 

 

$

(208

)

 

 

147.4

 

 

$

(12,144

)

 

$

20,294

 

 

$

1,123

 

Net earnings before noncontrolling interests

 

 

932

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

759

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

759

 

 

 

173

 

Other comprehensive income (loss)

 

 

41

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

41

 

 

 

-

 

 

 

-

 

 

 

41

 

 

 

-

 

Stock options exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Stock option expense

 

 

5

 

 

 

-

 

 

 

-

 

 

 

5

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

5

 

 

 

-

 

Issuance of stock under award plans,
   net of forfeitures

 

 

48

 

 

 

-

 

 

 

-

 

 

 

(19

)

 

 

-

 

 

 

-

 

 

 

(0.7

)

 

 

67

 

 

 

48

 

 

 

-

 

Amortization of unearned
   compensation

 

 

4

 

 

 

-

 

 

 

-

 

 

 

4

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4

 

 

 

-

 

Treasury stock acquired, and net impact of excise tax

 

 

(507

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4.0

 

 

 

(507

)

 

 

(507

)

 

 

-

 

Cash dividends declared

 

 

(255

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(255

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(255

)

 

 

-

 

Distributions to noncontrolling
   interests

 

 

(214

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(214

)

Capital contributions from noncontrolling interest

 

 

25

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

25

 

Miscellaneous

 

 

(4

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(4

)

BALANCES, July 5, 2025

 

$

21,492

 

 

 

380.2

 

 

$

152

 

 

$

2,213

 

 

$

30,775

 

 

$

(167

)

 

 

150.7

 

 

$

(12,584

)

 

$

20,389

 

 

$

1,103

 

 

 

 

 

 

 

 

Three Months (13 Weeks) Ended June 29, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, March 30, 2024

 

$

21,726

 

 

 

380.2

 

 

$

152

 

 

$

2,211

 

 

$

29,476

 

 

$

(177

)

 

 

140.4

 

 

$

(10,968

)

 

$

20,694

 

 

$

1,032

 

Net earnings before noncontrolling interests

 

 

712

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

645

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

645

 

 

 

67

 

Other comprehensive income (loss)

 

 

(1

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(1

)

 

 

-

 

 

 

-

 

 

 

(1

)

 

 

-

 

Stock options exercised

 

 

(1

)

 

 

-

 

 

 

-

 

 

 

(1

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(1

)

 

 

-

 

Stock option expense

 

 

4

 

 

 

-

 

 

 

-

 

 

 

4

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4

 

 

 

-

 

Issuance of stock under award plans,
   net of forfeitures

 

 

13

 

 

 

-

 

 

 

-

 

 

 

(27

)

 

 

-

 

 

 

-

 

 

 

(0.4

)

 

 

40

 

 

 

13

 

 

 

-

 

Amortization of unearned
   compensation

 

 

2

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

-

 

Treasury stock acquired, and net impact of excise tax

 

 

(504

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2.9

 

 

 

(504

)

 

 

(504

)

 

 

-

 

Cash dividends declared

 

 

(129

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(129

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(129

)

 

 

-

 

Distributions to noncontrolling
   interests

 

 

(50

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(50

)

BALANCES, June 29, 2024

 

$

21,772

 

 

 

380.2

 

 

$

152

 

 

$

2,189

 

 

$

29,992

 

 

$

(178

)

 

 

142.9

 

 

$

(11,432

)

 

$

20,723

 

 

$

1,049

 

 

 

 

 

 

 

Six Months (26 Weeks) Ended June 29, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2023

 

$

22,123

 

 

 

380.2

 

 

$

152

 

 

$

2,176

 

 

$

28,762

 

 

$

(162

)

 

 

135.3

 

 

$

(9,988

)

 

$

20,940

 

 

$

1,183

 

Net earnings before noncontrolling interests

 

 

1,671

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,490

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,490

 

 

 

181

 

Other comprehensive income (loss)

 

 

(16

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(16

)

 

 

-

 

 

 

-

 

 

 

(16

)

 

 

-

 

Stock options exercised

 

 

2

 

 

 

-

 

 

 

-

 

 

 

(2

)

 

 

-

 

 

 

-

 

 

 

(0.1

)

 

 

4

 

 

 

2

 

 

 

-

 

Stock option expense

 

 

4

 

 

 

-

 

 

 

-

 

 

 

4

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4

 

 

 

-

 

Issuance of stock under award plans,
   net of forfeitures

 

 

73

 

 

 

-

 

 

 

-

 

 

 

6

 

 

 

-

 

 

 

-

 

 

 

(0.8

)

 

 

67

 

 

 

73

 

 

 

-

 

Amortization of unearned
   compensation

 

 

5

 

 

 

-

 

 

 

-

 

 

 

5

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

5

 

 

 

-

 

Treasury stock acquired, and net impact of excise tax

 

 

(1,515

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

8.5

 

 

 

(1,515

)

 

 

(1,515

)

 

 

-

 

Cash dividends declared

 

 

(260

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(260

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(260

)

 

 

-

 

Distributions to noncontrolling
   interests

 

 

(315

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(315

)

BALANCES, June 29, 2024

 

$

21,772

 

 

 

380.2

 

 

$

152

 

 

$

2,189

 

 

$

29,992

 

 

$

(178

)

 

 

142.9

 

 

$

(11,432

)

 

$

20,723

 

 

$

1,049

 

 

Dividends declared were $0.55 per share in the second quarter of 2025 ($0.54 per share in the second quarter of 2024) and $1.10 per share in the first six months of 2025 ($1.08 per share in the first six months of 2024).

On May 11, 2023, 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 are 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 July 5, 2025, the Company had approximately $606 million available for share repurchases under the program authorized by the Company’s Board of Directors.