v3.26.1
Fair Value Measurements
 3 Months Ended
Apr. 04, 2026
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 4, 2026 and December 31, 2025 (in millions). 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
Amount in
Condensed
Consolidated
Balance
Sheets

 

 

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

As of April 4, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

1,557

 

 

$

1,557

 

 

$

-

 

 

$

-

 

Short-term investments

 

 

255

 

 

 

255

 

 

 

-

 

 

 

-

 

Other assets

 

 

79

 

 

 

-

 

 

 

-

 

 

 

79

 

Total assets

 

$

1,891

 

 

$

1,812

 

 

$

-

 

 

$

79

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative contracts

 

$

(20

)

 

$

-

 

 

$

(20

)

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

1,596

 

 

$

1,596

 

 

$

-

 

 

$

-

 

Short-term investments

 

 

439

 

 

 

439

 

 

 

-

 

 

 

-

 

Other assets

 

 

102

 

 

 

23

 

 

 

-

 

 

 

79

 

Total assets

 

$

2,137

 

 

$

2,058

 

 

$

-

 

 

$

79

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative contracts

 

$

(17

)

 

$

-

 

 

$

(17

)

 

$

-

 

 

Fair value measurements for Nucor’s cash equivalents, short-term investments and any investments held in a publicly traded company are classified under Level 1 because such measurements are based on quoted market prices in active markets for identical assets. 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 risks, spot and future commodity prices, and spot and future exchange rates. Fair value measurements for Nucor's investments in privately held companies, of which most of the value is currently held in a nuclear fusion technology company, are classified under Level 3 because such measurements are estimated based on unobservable inputs that indicate a change in fair value, including the transaction price in the event of a change in ownership of the investee (e.g., the sale of other investors' interests in the company) or the transaction price in the event of additional equity issuances of the investee. There were no transfers between 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 $6.49 billion at April 4, 2026 (approximately $6.53 billion at December 31, 2025). 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 4, 2026 and December 31, 2025, or similar debt with the same maturities, ratings and interest rates.