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Assets held for sale and discontinued operations | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Assets held for sale and discontinued operations | 3. Assets held for sale and discontinued operations In November 2023, the Company entered into a sales agreement with SigmaRoc plc. to divest of its Lime operations in Europe for consideration of $1.1 billion. The transaction was structured in three phases. The first phase of the transaction, comprising the Company’s Lime operations in Germany, Czech Republic and Ireland, closed on January 1, 2024, and the second phase, comprising the operations in the United Kingdom, closed on March 27, 2024. The third phase, comprising the operations in Poland, closed on August 30, 2024. The divestitures resulted in a pretax gain of $167 million which is included in Other nonoperating income (expense), net. The results of the divested operations and the gain on divestiture are reported in the International Solutions segment. The disposal of certain cement, aggregates and readymixed concrete operations in Quebec, Canada, previously classified as held for sale, completed during 2024. The assets associated with these transactions comprised part of the Company’s International Solutions and Americas Materials Solutions segments, respectively. As the businesses were divested in 2024, all opening balances have been reclassified back to the relevant asset and liability categories prior to their divestiture for presentation purposes. The major classes of assets and liabilities classified as held for sale at December 31 were:
in $ millions |  | 2023
Assets |  |
Cash and cash equivalents |  | 49
Accounts receivable, net |  | 70
Inventories |  | 102
Property, plant and equipment, net |  | 832
Goodwill |  | 201
Operating lease right-of-use assets, net |  | 6
Other assets |  | 8
Assets held for sale |  | 1,268
Liabilities |  |
Accounts payable |  | 59
Accrued expenses |  | 17
Deferred income tax liabilities |  | 148
Operating lease liabilities |  | 6
Other liabilities |  | 145
Liabilities held for sale |  | 375
In April 2022, the Company completed the divestiture of its Building Envelope business, formerly part of the Americas Building Solutions segment. The Company analyzed the quantitative and qualitative factors relevant to the Building Envelope business and determined that the criteria for discontinued operations presentation were met during the year ended 2022. As a result, the operating results of the Building Envelope business were reported separately as discontinued operations, net of income tax expense, in the Consolidated Statements of Income for the period ended December 31, 2022. The financial results for the Company’s discontinued operations for the year ended December 31 were:
in $ millions |  | 2022
Total revenues |  | 645
Operating income |  | 89
Gain on divestiture before income taxes |  | 1,471
Income from discontinued operations before income tax expense |  | 1,560
Income tax expense |  | (370)
Income from discontinued operations, net of income tax expense |  | 1,190
The cash flows from discontinued operations included in the accompanying Consolidated Statements of Cash Flows for the year ended December 31 were:
in $ millions |  | 2022
Cash flows from discontinued operations |  |
Net cash used in operating activities (i) |  | (444)
Net cash provided by investing activities (ii) |  | 3,446
Net cash provided by financing activities |  | 3
(i) Includes the corporation tax paid on the sale of discontinued operations. (ii) Includes the proceeds from the divestiture of discontinued operations.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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