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Segment information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Th e key performance indicators for the Company’s reportable segments are presented in the following table. Certain totals presen ted below may not agree with the line items on the unaudited condensed consolidated statements of operations primarily due to (a) depreciation, depletion, accretion and amortization and (b) unallocated corporate costs.
|  | For the three months ended June 30, |  |  | For the six months ended June 30,
(In millions) |  | 2025 |  | 2024 |  |  | 2025 |  | 2024
Revenues: |  |  |  |  |  |  |  |  |
Building Materials |  | $2,250 |  | $2,274 |  |  | $3,579 |  | $3,698
Building Envelope |  | 970 |  | 969 |  |  | 1,722 |  | 1,711
Total Revenues |  | $3,220 |  | $3,243 |  |  | $5,301 |  | $5,409
Cost of revenues: |  |  |  |  |  |  |  |  |
Building Materials |  | $1,425 |  | $1,428 |  |  | $2,543 |  | $2,591
Building Envelope |  | 619 |  | 615 |  |  | 1,146 |  | 1,138
Total cost of revenues |  | $2,044 |  | $2,043 |  |  | $3,689 |  | $3,729
Other segment expenses(1): |  |  |  |  |  |  |  |  |
Building Materials |  | $67 |  | $76 |  |  | $158 |  | $163
Building Envelope |  | 90 |  | 91 |  |  | 191 |  | 172
Total other segment expenses |  | $157 |  | $167 |  |  | $349 |  | $335
Segment Adjusted EBITDA: |  |  |  |  |  |  |  |  |
Building Materials |  | $758 |  | $770 |  |  | $878 |  | $944
Building Envelope |  | 261 |  | 263 |  |  | 385 |  | 401
Total Segment Adjusted EBITDA |  | $1,019 |  | $1,033 |  |  | $1,263 |  | $1,345
Reconciling items: |  |  |  |  |  |  |  |  |
Corporate / eliminations: |  |  |  |  |  |  |  |  |
Unallocated corporate costs |  | $(72) |  | $(30) |  |  | $(102) |  | $(58)
Depreciation, depletion, accretion and amortization |  | (221) |  | (224) |  |  | (439) |  | (436)
Loss on impairments |  | (2) |  | (2) |  |  | (2) |  | (2)
Other(2) |  | (55) |  | (23) |  |  | (67) |  | (35)
Interest income |  | 22 |  | 4 |  |  | 36 |  | 15
Interest expense |  | (143) |  | (138) |  |  | (275) |  | (269)
Other non-operating income, net |  | 1 |  | — |  |  | 2 |  | 4
Total reconciling items |  | $(470) |  | $(413) |  |  | $(847) |  | $(781)
Income before income tax expense and income from equity method investments: |  | $549 |  | $620 |  |  | $416 |  | $564
__________________ (1)Other segment expenses consist of selling, general and administrative expenses and gains on disposals of long-lived assets. (2)Other primarily consists of costs related to acquisitions, certain litigation costs, restructuring costs, charges associated with non-core sites, certain warranty charges related to a pre-acquisition manufacturing issue and transaction costs related to the Spin-off. The Company’s capital expenditures by segment were as follows:
|  | For the three months ended June 30, |  |  | For the six months ended June 30,
(In millions) |  | 2025 |  | 2024 |  |  | 2025 |  | 2024
Capital expenditures(1): |  |  |  |  |  |  |  |  |
Building Materials |  | $202 |  | $143 |  |  | $386 |  | $304
Building Envelope |  | 33 |  | 12 |  |  | 60 |  | 33
Total capital expenditures |  | $235 |  | $155 |  |  | $446 |  | $337
__________________ (1)Capital expenditures for the three and six months ended June 30, 2025 and 2024 exclude noncash transactions for capital expenditure- related accounts payable.
Reconciliation of Assets from Segment to Consolidated | The Company’s assets by segment were as follows:
|  | As of |  | As of
(In millions) |  | June 30, 2025 |  | December 31, 2024
Segment assets(1): |  |  |  |
Building Materials |  | $15,392 |  | $14,306
Building Envelope |  | 7,355 |  | 6,987
Total segment assets |  | 22,747 |  | 21,293
Other assets |  | 1,035 |  | 2,512
Total assets as reported in the condensed consolidated Balance Sheets |  | $23,782 |  | $23,805
__________________ (1)Segment assets are comprised of Accounts receivable, net, Inventories, Property, plant and equipment, net, Goodwill, Intangible assets, net and Operating lease right-of-use assets, net.

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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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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