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SEGMENT REPORTING | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING Our operating segments are based on our internal management reporting structure. Our chief operating decision maker, the Chairman and Chief Executive Officer, evaluates our operating results through reportable segment gross profit. This financial metric is used to review operating trends, perform analytical comparisons between periods and monitor budget-to-actual variances on a monthly basis in order to assess performance and allocate resources. 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. SEGMENT FINANCIAL DISCLOSURE
| Three Months Ended March 31 |
in millions | 2025 | 2024 |  |
Total Revenues |  |  |  |
Aggregates 1 | $ | 1,335.9 |  | $ | 1,291.3 |  |  |
Asphalt 2 | 208.7 |  | 186.2 |  |  |
Concrete | 177.0 |  | 148.3 |  |  |
Segment sales | $ | 1,721.6 |  | $ | 1,625.8 |  |  |
Aggregates intersegment sales | (87.0) |  | (80.1) |  |  |
Total | $ | 1,634.6 |  | $ | 1,545.7 |  |  |
Cost of Revenues |  |  |  |
Aggregates | $ | (891.6) |  | $ | (907.9) |  |  |
Asphalt | (203.9) |  | (181.5) |  |  |
Concrete | (173.8) |  | (151.4) |  |  |
Total | $ | (1,269.3) |  | $ | (1,240.8) |  |  |
Gross Profit |  |  |  |
Aggregates | $ | 357.3 |  | $ | 303.3 |  |  |
Asphalt | 4.8 |  | 4.7 |  |  |
Concrete | 3.2 |  | (3.1) |  |  |
Total | $ | 365.3 |  | $ | 304.9 |  |  |
Reconciliation to Pretax Earnings |  |  |  |
Selling, administrative and general expenses | $ | (138.3) |  | $ | (129.7) |  |  |
Other operating income (expense), net | (0.6) |  | (2.3) |  |  |
Other nonoperating income (expense), net | (2.6) |  | (0.3) |  |  |
Interest expense, net | (59.7) |  | (39.1) |  |  |
Earnings from continuing operations before income taxes | $ | 164.1 |  | $ | 133.5 |  |  |
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 our aggregates business. 2 Includes product sales as well as service revenues (see Note 4) from our asphalt construction paving business.
| Three Months Ended March 31 |
in millions | 2025 | 2024 |  |
Depreciation, Depletion, Accretion and Amortization 1 |  |  |  |
Aggregates | $ | 150.4 |  | $ | 123.5 |  |  |
Asphalt | 12.0 |  | 8.9 |  |  |
Concrete | 15.4 |  | 12.3 |  |  |
Other | 8.6 |  | 6.2 |  |  |
Total | $ | 186.4 |  | $ | 150.9 |  |  |
Capital Expenditures 2 |  |  |  |
Aggregates | $ | 91.2 |  | $ | 99.5 |  |  |
Asphalt | 5.1 |  | 6.1 |  |  |
Concrete | 6.8 |  | 2.1 |  |  |
Corporate | 2.2 |  | 0.1 |  |  |
Total | $ | 105.3 |  | $ | 107.8 |  |  |
Identifiable Assets 3 |  |  |  |
Aggregates | $ | 14,351.9 |  | $ | 11,816.8 |  |  |
Asphalt | 815.0 |  | 630.6 |  |  |
Concrete | 1,043.3 |  | 896.4 |  |  |
Total identifiable assets 4 | $ | 16,210.2 |  | $ | 13,343.8 |  |  |
General corporate assets | 309.0 |  | 267.0 |  |  |
Cash and cash equivalents and restricted cash | 192.9 |  | 300.1 |  |  |
Total | $ | 16,712.1 |  | $ | 13,910.9 |  |  |
1 Depreciation, Depletion, Accretion & Amortization (DDA&A) for each segment is included in cost of revenues. 2 Capital expenditures include changes in accruals for purchases of property, plant & equipment. Capital expenditures exclude property, plant & equipment obtained by business acquisitions. 3 Certain temporarily idled assets are included within a segment's Identifiable Assets, but the associated DDA&A is shown within Other in the DDA&A section above as the related DDA&A is excluded from segment gross profit. 4 The increase in total identifiable assets is primarily due to acquisitions completed in 2024 (see Note 16 for additional information).

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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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