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Segment information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The key performance indicators for the Company’s reportable segments are presented in the following

table. Certain totals presented 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.

X

- 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

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-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

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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
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