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ACQUISITIONS AND DIVESTITURES (Tables) | 9 Months Ended
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Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The fair value of consideration transferred for these 2024 acquisitions and the preliminary amounts (pending working capital adjustments) of assets acquired and liabilities assumed are summarized below:
in millions |
Fair Value of Purchase Consideration |
Cash | $ | 206.4 |
Total fair value of purchase consideration | $ | 206.4 |
Identifiable Assets Acquired and Liabilities Assumed |
Accounts and notes receivable, net | $ | 7.6 |
Inventories | 10.7 |
Property, plant & equipment | 161.2 |
Intangible assets |
Contractual rights in place | 30.8 |
Other liabilities assumed | (8.8) |
Net identifiable assets acquired | $ | 201.5 |
Goodwill | $ | 4.9 |
Schedule of Classification of Assets and Liabilities Held for Sale | The major classes of assets and liabilities classified as held for sale as of September 30 are as follows:
in millions | September 30 2024 | December 31 2023 | September 30 2023
Held for Sale (Concrete Segment) |  |  |
Inventory | $ | 0.0 |  | $ | 0.0 |  | $ | 18.6 |
Land and land improvements, net | 0.0 |  | 0.0 |  | 39.7 |
Buildings, machinery and equipment, net | 0.0 |  | 0.0 |  | 114.6 |
Operating leases, net | 0.0 |  | 0.0 |  | 9.9 |
Finance leases, net | 0.0 |  | 0.0 |  | 18.1 |
Amortizable intangible assets, net | 0.0 |  | 0.0 |  | 164.7 |
Goodwill | 0.0 |  | 0.0 |  | 157.8 |
Reserve for assets held for sale | 0.0 |  | 0.0 |  | (28.3) |
Total assets held for sale | $ | 0.0 |  | $ | 0.0 |  | $ | 495.1 |
Current operating lease liabilities | $ | 0.0 |  | $ | 0.0 |  | $ | (0.7) |
Current finance lease liabilities | 0.0 |  | 0.0 |  | 0.0 |
Noncurrent operating lease liabilities | 0.0 |  | 0.0 |  | (9.4) |
Noncurrent finance lease liabilities | 0.0 |  | 0.0 |  | 0.0 |
Total liabilities held for sale | $ | 0.0 |  | $ | 0.0 |  | $ | (10.1) |

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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