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Segment information | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Segment information | 13. Segment information The Company has the following three operating and reportable segments: Americas Materials Solutions; Americas Building Solutions; and International Solutions The Americas Materials Solutions segment provides solutions for the construction and maintenance of public infrastructure, commercial and residential buildings in North America. The primary materials produced by this segment include aggregates, cement, readymixed concrete and asphalt. This segment also provides paving and construction services for customers. The Americas Building Solutions segment manufactures, supplies and delivers solutions for the built environment in communities across North America. Our subsidiaries within this segment offer building and infrastructure solutions serving complex critical infrastructure (such as water, energy, transportation and telecommunications projects) and outdoor living solutions for enhancing private and public spaces. The International Solutions segment provides integrated building solutions across Europe and Australia. The business integrates materials, products, and services to provide complete building solutions for use in the construction and renovation of critical infrastructure, commercial and residential buildings and outdoor living spaces. Adjusted EBITDA is defined as earnings from continuing operations before interest, taxes, depreciation, depletion, amortization, loss on impairments, gain/loss on divestitures and gain/loss on investments, income/loss from equity method investments, substantial acquisition-related costs and pension expense/income excluding current service cost component. The key performance measures and segment expenses for the Company’s reportable segments were:
| Three months ended June 30, 2025
in $ millions | Americas Materials Solutions | Americas Building Solutions | International Solutions | Total
Revenue | 4,509 | 2,159 | 3,538 | 10,206
Less: |  |  |  |
Labor | 948 | 385 | 648 | 1,981
Energy costs | 208 | 32 | 257 | 497
Other segment items (i) | 2,112 | 1,241 | 1,912 | 5,265
Adjusted EBITDA | 1,241 | 501 | 721 | 2,463
| Three months ended June 30, 2024
in $ millions | Americas Materials Solutions | Americas Building Solutions | International Solutions | Total
Revenue | 4,406 | 2,116 | 3,132 | 9,654
Less: |  |  |  |
Labor | 918 | 364 | 575 | 1,857
Energy costs | 200 | 32 | 238 | 470
Other segment items (i) | 2,095 | 1,244 | 1,733 | 5,072
Adjusted EBITDA | 1,193 | 476 | 586 | 2,255
| Six months ended June 30, 2025
in $ millions | Americas Materials Solutions | Americas Building Solutions | International Solutions | Total
Revenue | 6,752 | 3,841 | 6,369 | 16,962
Less: |  |  |  |
Labor | 1,702 | 760 | 1,305 | 3,767
Energy costs | 348 | 64 | 477 | 889
Other segment items (i) | 3,402 | 2,229 | 3,717 | 9,348
Adjusted EBITDA | 1,300 | 788 | 870 | 2,958
| Six months ended June 30, 2024
in $ millions | Americas Materials Solutions | Americas Building Solutions | International Solutions | Total
Revenue | 6,608 | 3,809 | 5,770 | 16,187
Less: |  |  |  |
Labor | 1,626 | 721 | 1,157 | 3,504
Energy costs | 336 | 64 | 464 | 864
Other segment items (i) | 3,438 | 2,240 | 3,441 | 9,119
Adjusted EBITDA | 1,208 | 784 | 708 | 2,700
(i) The nature of other segment items is similar for each segment and primarily includes raw materials, haulage costs, subcontractor costs and other Selling, general and administrative expenses. The composition of other segment items is such that at a segment level none of these items is individually significant in determining segment performance.
| Three months ended | Six months ended |  |
| June 30 | June 30 |  |
in $ millions | 2025 | 2024 | 2025 | 2024 |  |
Adjusted EBITDA | 2,463 | 2,255 | 2,958 | 2,700 |  |
Depreciation, depletion and amortization | (528) | (424) | (1,005) | (821) |  |
Interest income | 30 | 36 | 67 | 79 |  |
Interest expense | (200) | (155) | (381) | (288) |  |
(Loss) gain on divestitures and investments (i) | (16) | 23 | (42) | 183 |  |
Pension income excluding current service cost component (i) | 5 | 1 | 9 | 2 |  |
Other interest, net (i) | 2 | (1) | 4 | (1) |  |
Substantial acquisition-related costs | – | (2) | – | (22) |  |
Income from operations before income tax expense and income from equity method investments | 1,756 | 1,733 | 1,610 | 1,832 |  |
(i) (Loss) gain on divestitures and investments, pension income excluding current service cost component and other interest, net have been included in Other nonoperating (expense) income, net in the Condensed Consolidated Statements of Income. Depreciation, depletion and amortization for each of the segments were:
| Three months ended | Six months ended |
| June 30 | June 30 |  |
in $ millions | 2025 | 2024 | 2025 | 2024 |  |
Americas Materials Solutions | 235 | 208 | 455 | 398 |  |
Americas Building Solutions | 97 | 84 | 188 | 164 |  |
International Solutions | 196 |  | 132 |  | 362 |  | 259 |  |  |
Total depreciation, depletion and amortization | 528 |  | 424 |  | 1,005 |  | 821 |  |  |
The segment assets were:
| June 30 | December 31 | June 30
in $ millions | 2025 | 2024 | 2024
Assets |  |  |
Americas Materials Solutions | 22,993 | 21,474 | 21,226
Americas Building Solutions | 9,838 | 9,049 | 8,837
International Solutions | 17,098 | 15,011 | 13,082
Total assets for reportable segments | 49,929 | 45,534 | 43,145
Additions to property, plant and equipment and intangible assets for each of the segments were:
| Six months ended
| June 30
in $ millions | 2025 | 2024
Property, plant and equipment and intangible asset additions (i) |  |
Americas Materials Solutions | 582 | 568
Americas Building Solutions | 314 | 233
International Solutions | 494 | 385
Total property, plant and equipment and intangible asset additions | 1,390 | 1,186
(i) Property, plant and equipment and intangible asset additions exclude asset retirement cost additions.

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- Definition The entire disclosure for reporting segments including data and tables. 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