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Acquisitions
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
The Company strategically acquires companies in order to increase its footprint and offer products that
diversify its existing offerings. Acquisitions of businesses are accounted for as business combinations using the
acquisition method in accordance with ASC Topic 805, Business Combinations. The results of acquired businesses
have been included in these unaudited condensed consolidated financial statements beginning on the acquisition
date.
On May 30, 2025, the Company completed the acquisition of Langley Concrete for $69 million. Langley
Concrete, based in Vancouver, Canada, is a provider of precast solutions and concrete pipes and is included within
the Building Materials segment. The purchase price allocation reflects preliminary fair value estimates, including
preliminary work performed by third-party valuation specialists, which are subject to change within the
measurement period as the Company finalizes the purchase price allocation and fair value estimates. The
preliminary purchase price allocation resulted in goodwill of $12 million, property, plant and equipment, net of $21
million, inventories of $20 million and intangible assets, net of $15 million. The goodwill recognized is deductible
for income tax purposes. Pro forma financial information reflecting the effects of the acquisition for the six months
ended June 30, 2025 is not presented as the acquisition is not material to the Company’s results of operations for this
period.
On January 13, 2025, the Company acquired an additional 45% interest in Jamaica Aggregates Limited,
which is a joint venture that was previously accounted for as an equity method investment, for $9 million, net of
cash acquired. In connection with the acquisition of the remaining interest in Jamaica Aggregates Limited, the
Company now owns a 95% controlling interest. As a result, the Company re-measured the fair value of the
previously held equity interest and recognized an immaterial gain on re-measurement in the unaudited condensed
consolidated statements of operations for the six months ended June 30, 2025. The acquisition of Jamaica
Aggregates Limited is not material to these unaudited condensed consolidated financial statements.
On November 12, 2024, the Company acquired OX Engineered Products (“OX”), a leader in advanced wall
insulation and sheathing solutions with manufacturing facilities in the Midwest and Southeast of the United States,
for total cash consideration of $228 million, net of cash acquired. OX is included within the Building Envelope
segment. The purchase price allocation reflects preliminary fair value estimates, including preliminary work
performed by third-party valuation specialists, which are subject to change within the measurement period as the
Company finalizes the purchase price allocation and fair value estimates. During the six months ended June 30,
2025, the Company recorded measurement period adjustments which increased goodwill by $5 million, primarily to
adjust the sales and use tax reserve by $4 million. The measurement period adjustments have been recorded to
reflect facts and circumstances that existed as of the acquisition date.