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SEGMENT REPORTING | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING Our operating segments are based on our internal management reporting structure. We continually assess our internal management reporting structure and the financial information evaluated by our Chief Operating Decision Maker (CODM) to determine whether any changes have occurred that would impact segment reporting. During the first quarter of 2024, we reorganized the financial information provided to our CODM to allocate resources and evaluate operating performance. As a result, we report our calcium operation within our Aggregates reporting segment to align with our new reporting structure. All prior period segment information has been revised to conform to the current presentation. This change in our reporting segments had no impact on previously reported consolidated financial results. We have three operating (and reportable) segments organized around our principal product lines: Aggregates, Asphalt and Concrete. The vast majority of our activities are domestic. We sell a relatively small amount of construction aggregates outside the United States. Our Asphalt and Concrete segments are primarily supplied with their aggregates requirements from our Aggregates segment. These intersegment sales are made at local market prices for the particular grade and quality of product used in the production of asphalt mix and ready-mixed concrete and are excluded from total revenues. Management reviews earnings from these reporting segments principally at the gross profit level. SEGMENT FINANCIAL DISCLOSURE
| Three Months Ended September 30 | Nine Months Ended September 30
in millions | 2024 | 2023 | 2024 | 2023
Total Revenues |  |  |  |
Aggregates 1 | $ | 1,572.4 |  | $ | 1,628.4 |  | $ | 4,477.3 |  | $ | 4,505.9 |
Asphalt 2 | 381.1 |  | 347.2 |  | 918.5 |  | 854.3 |
Concrete 3 | 174.4 |  | 364.6 |  | 489.9 |  | 993.3 |
Segment sales | $ | 2,127.9 |  | $ | 2,340.2 |  | $ | 5,885.7 |  | $ | 6,353.5 |
Aggregates intersegment sales | (124.0) |  | (154.4) |  | (321.7) |  | (405.9) |
Total revenues | $ | 2,003.9 |  | $ | 2,185.8 |  | $ | 5,564.0 |  | $ | 5,947.6 |
Gross Profit |  |  |  |
Aggregates | $ | 498.5 |  | $ | 509.1 |  | $ | 1,330.3 |  | $ | 1,312.3 |
Asphalt | 60.2 |  | 55.9 |  | 123.9 |  | 113.3 |
Concrete 3 | 6.5 |  | 26.0 |  | 8.2 |  | 50.7 |
Total | $ | 565.2 |  | $ | 591.0 |  | $ | 1,462.4 |  | $ | 1,476.3 |
Depreciation, Depletion, Accretion and Amortization |  |  |  |
Aggregates | $ | 130.3 |  | $ | 125.6 |  | $ | 381.8 |  | $ | 357.6 |
Asphalt | 12.0 |  | 8.8 |  | 31.9 |  | 26.7 |
Concrete 3 | 10.9 |  | 20.5 |  | 34.9 |  | 60.4 |
Other | 7.5 |  | 6.2 |  | 19.8 |  | 19.7 |
Total | $ | 160.7 |  | $ | 161.1 |  | $ | 468.4 |  | $ | 464.4 |
Identifiable Assets 4 |  |  |  |
Aggregates |  |  | $ | 12,023.1 |  | $ | 11,825.7 |
Asphalt |  |  | 748.0 |  | 648.6 |
Concrete 3 |  |  | 794.8 |  | 1,512.4 |
Total identifiable assets |  |  | $ | 13,565.9 |  | $ | 13,986.7 |
General corporate assets |  |  | 351.7 |  | 288.8 |
Cash and cash equivalents and restricted cash |  |  | 434.3 |  | 345.0 |
Total assets |  |  | $ | 14,351.9 |  | $ | 14,620.5 |
1 Includes product sales (crushed stone, sand and gravel, sand and other aggregates), freight & delivery costs that we pass along to our customers, and service revenues (see Note 4) related to aggregates. 2 Includes product sales as well as service revenues (see Note 4) from our asphalt construction paving business. 3 The decreases in the Concrete segment are primarily due to the divestiture of concrete operations in Texas in November 2023 (see Note 16) as well as a third quarter 2024 goodwill impairment charge (see Note 15). 4 Certain temporarily idled assets are included within a segment's Identifiable Assets, but the associated Depreciation, Depletion, Accretion and Amortization (DDA&A) is shown within Other in the DDA&A section above as the related DDA&A is excluded from segment gross profit.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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