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ACQUISITIONS AND DIVESTITURES (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Comprehensive Income Actual Results | The amounts of total revenues and net earnings attributable to Vulcan from the Wake Stone and Superior acquisitions are included in our Consolidated Statement of Comprehensive Income for the year ended December 31, 2024 as follows:
in millions | 2024
Actual Results |
Total revenues | $ | 13.3 |
Net loss attributable to Vulcan | (10.5) |
The following pro forma information also includes: 1) charges directly attributable to the acquisitions, including acquisition related expenses of $8.5 million; 2) cost of sales related to the sale of acquired inventory marked up to fair value; 3) depreciation, depletion, amortization & accretion expense related to the mark up to fair value of acquired assets; 4) interest expense reflecting the new debt structure; and 5) tax effects of the business combination:
in millions | 2024 | 2023
Supplemental Pro Forma Results |  |
Total revenues | $ | 7,810.2 |  | $ | 8,188.9 |
Net earnings attributable to Vulcan | 818.2 |  | 835.9 |
Schedule of Business Acquisition, Pro Forma Information | The amounts of total revenues and net earnings attributable to Vulcan from the Wake Stone and Superior acquisitions are included in our Consolidated Statement of Comprehensive Income for the year ended December 31, 2024 as follows:
in millions | 2024
Actual Results |
Total revenues | $ | 13.3 |
Net loss attributable to Vulcan | (10.5) |
The following pro forma information also includes: 1) charges directly attributable to the acquisitions, including acquisition related expenses of $8.5 million; 2) cost of sales related to the sale of acquired inventory marked up to fair value; 3) depreciation, depletion, amortization & accretion expense related to the mark up to fair value of acquired assets; 4) interest expense reflecting the new debt structure; and 5) tax effects of the business combination:
in millions | 2024 | 2023
Supplemental Pro Forma Results |  |
Total revenues | $ | 7,810.2 |  | $ | 8,188.9 |
Net earnings attributable to Vulcan | 818.2 |  | 835.9 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The fair value of consideration transferred for the Wake Stone and Superior acquisitions and the preliminary amounts (pending final appraisals of intangible assets and property, plant & equipment as well as working capital adjustments) of assets acquired and liabilities assumed are summarized below:
in millions | December 31 2024
Fair Value of Purchase Consideration |
Cash | $ | 2,059.8 |
Payable to seller | 30.9 |
Total fair value of purchase consideration | $ | 2,090.7 |
Identifiable Assets Acquired and Liabilities Assumed |
Inventories | $ | 28.5 |
Property, plant & equipment | 1,918.2 |
Identifiable intangible assets | 275.5 |
Other assets | 60.5 |
Asset retirement obligations | (41.5) |
Deferred tax liabilities | (311.2) |
Other liabilities | (173.7) |
Net identifiable assets acquired | $ | 1,756.3 |
Goodwill | $ | 334.4 |

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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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