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REVENUES (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenues by Geographic Market

Our segment total revenues by geographic market for the three and six month periods ended June 30, 2024 and 2023 are disaggregated as follows (the decrease in Gulf Coast market concrete revenues is primarily attributable to the sale of concrete operations in Texas in November 2023; see Note 16 for additional information):

			Three Months Ended June 30, 2024
in millions			Aggregates			Asphalt			Concrete			Total
East revenues			$	461.7		$	63.0		$	82.4		$	607.1
Gulf Coast revenues			885.6			64.6			2.5			952.7
West revenues			266.2			223.6			82.4			572.2
Segment sales			$	1,613.5		$	351.2		$	167.3		$	2,132.0
Intersegment sales			(117.6)			0.0			0.0			(117.6)
Total revenues 1			$	1,495.9		$	351.2		$	167.3		$	2,014.4

			Three Months Ended June 30, 2023
in millions			Aggregates			Asphalt			Concrete			Total
East revenues			$	451.7		$	60.8		$	95.4		$	607.9
Gulf Coast revenues			879.1			64.5			152.7			1,096.3
West revenues			250.0			212.1			95.4			557.5
Segment sales			$	1,580.8		$	337.4		$	343.5		$	2,261.7
Intersegment sales			(148.8)			0.0			0.0			(148.8)
Total revenues 1			$	1,432.0		$	337.4		$	343.5		$	2,112.9

			Six Months Ended June 30, 2024
in millions			Aggregates			Asphalt			Concrete			Total
East revenues			$	800.6		$	85.7		$	158.3		$	1,044.6
Gulf Coast revenues			1,642.0			107.1			4.5			$	1,753.6
West revenues			462.3			344.6			152.7			$	959.6
Segment sales			$	2,904.9		$	537.4		$	315.5		$	3,757.8
Intersegment sales			(197.7)			0.0			0.0			$	(197.7)
Total revenues 1			$	2,707.2		$	537.4		$	315.5		$	3,560.1

			Six Months Ended June 30, 2023
in millions			Aggregates			Asphalt			Concrete			Total
East revenues			$	795.0		$	82.5		$	183.3		$	1,060.8
Gulf Coast revenues			1,668.1			110.7			288.9			2,067.7
West revenues			414.3			313.9			156.5			884.7
Segment sales			$	2,877.4		$	507.1		$	628.7		$	4,013.2
Intersegment sales			(251.4)			0.0			0.0			(251.4)
Total revenues 1			$	2,626.0		$	507.1		$	628.7		$	3,761.8

The geographic markets are defined by states/countries as follows:

East market — Arkansas, Delaware, Illinois, Kentucky, Maryland, New Jersey, New York, North Carolina, Pennsylvania, Tennessee, Virginia and Washington D.C.

Gulf Coast market — Alabama, Florida, Georgia, Louisiana, Mississippi, Oklahoma, South Carolina, Texas, U.S. Virgin Islands, Freeport (Bahamas), Puerto Cortés (Honduras) and Quintana Roo (Mexico)

West market — Arizona, California, Hawaii, New Mexico and British Columbia (Canada)

Freight & Delivery Revenues

Freight & delivery revenues are as follows:

			Three Months Ended June 30						Six Months Ended June 30
in millions			2024			2023			2024			2023
Total revenues			$	2,014.4		$	2,112.9		$	3,560.1		$	3,761.8
Freight & delivery revenues 1			(258.5)			(264.5)			(480.3)			(490.4)
Total revenues excluding freight & delivery			$	1,755.9		$	1,848.4		$	3,079.8		$	3,271.4

1Includes freight & delivery to remote distribution sites.

Reconciliation of Deferred Revenue Balances

Changes in our deferred revenue balances (current and noncurrent) are as follows:

			Three Months Ended June 30						Six Months Ended June 30
in millions			2024			2023			2024			2023
Deferred revenue balance at beginning of period			$	151.1		$	159.8		$	152.8		$	161.8
Revenue recognized from deferred revenue			(2.2)			(2.4)			(3.9)			(4.4)
Deferred revenue balance at end of period			$	148.9		$	157.4		$	148.9		$	157.4

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

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