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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill by Reportable Segment | Changes in the carrying amount of goodwill by reportable segment for the three years ended December 31 are shown below:
in millions | Aggregates | Asphalt | Concrete | Total
Goodwill at December 31, 2022 | $ | 3,330.3 |  | $ | 91.6 |  | $ | 267.7 |  | $ | 3,689.6 |
Goodwill of acquired businesses 1 | (0.1) |  | 0.0 |  | 0.0 |  | (0.1) |
Goodwill of divested businesses 1 | 0.0 |  | 0.0 |  | (157.8) |  | (157.8) |
Goodwill at December 31, 2023 | $ | 3,330.2 |  | $ | 91.6 |  | $ | 109.9 |  | $ | 3,531.7 |
Goodwill of acquired businesses 1 | 343.0 |  | 0.0 |  | 0.0 |  | 343.0 |
Goodwill impairment | 0.0 |  | 0.0 |  | (86.6) |  | (86.6) |
Goodwill at December 31, 2024 | $ | 3,673.2 |  | $ | 91.6 |  | $ | 23.3 |  | $ | 3,788.1 |
1 See Note 19 for acquisitions and divestitures.
Schedule of Gross Carrying Amount and Accumulated Amortization by Major Intangible Asset Class | The gross carrying amount and accumulated amortization by major intangible asset class for the years ended December 31 are summarized below:
in millions | 2024 | 2023
Gross Carrying Amount |  |
Contractual rights in place | $ | 1,899.0 |  | $ | 1,592.7 |
Permitting, permitting compliance and zoning rights | 221.3 |  | 206.8 |
Other 1 | 101.6 |  | 90.4 |
Total gross carrying amount | $ | 2,221.9 |  | $ | 1,889.9 |
Accumulated Amortization |  |
Contractual rights in place | $ | (407.0) |  | $ | (344.5) |
Permitting, permitting compliance and zoning rights | (70.4) |  | (59.5) |
Other 1 | (29.8) |  | (25.2) |
Total accumulated amortization | $ | (507.2) |  | $ | (429.2) |
Total Intangible Assets Subject to Amortization, net | $ | 1,714.7 |  | $ | 1,460.7 |
Intangible Assets with Indefinite Lives | 0.0 |  | 0.0 |
Total Intangible Assets, net | $ | 1,714.7 |  | $ | 1,460.7 |
Amortization Expense for the Year | $ | 83.9 |  | $ | 88.1 |
1 Includes noncompetition agreements, patents, customer relationships, tradenames and trademarks.
Schedule of Estimated Amortization Expense | Estimated amortization expense for the five years subsequent to December 31, 2024 is as follows:
in millions |
Estimated Amortization Expense for Five Subsequent Years 1 |
2025 | $ | 89.7 |
2026 | 88.2 |
2027 | 85.3 |
2028 | 83.7 |
2029 | 81.1 |
1Includes amortization of quarry development assets (including pre-production stripping costs) reported within other noncurrent assets in our accompanying Consolidated Balance Sheets.

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