XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.25.1

ASSET RETIREMENT OBLIGATIONS | 3 Months Ended
--- | ---
Mar. 31, 2025
Asset Retirement Obligation Disclosure [Abstract] |
ASSET RETIREMENT OBLIGATIONS | ASSET RETIREMENT OBLIGATIONS Asset retirement obligations (AROs) are legal obligations associated with the retirement of long-lived assets resulting from the acquisition, construction, development and/or normal use of the underlying assets, including legal obligations for land reclamation. Recognition of a liability for an ARO is required in the period in which it is incurred at its estimated fair value. The associated asset retirement costs are capitalized as part of the carrying amount of the underlying asset and depreciated over the estimated useful life of the asset. The ARO liability is accreted through charges to operating expenses. If the ARO liability is settled for a value other than the carrying amount of the liability, we recognize a gain or loss on settlement. ARO operating costs related to accretion of the liabilities and depreciation of the assets are as follows:
| Three Months Ended March 31 |
in millions | 2025 | 2024 |  |
Accretion | $ | 4.3 |  | $ | 3.5 |  |  |
Depreciation | 3.9 |  | 2.4 |  |  |
Total ARO operating costs | $ | 8.2 |  | $ | 5.9 |  |  |
ARO operating costs are reported in cost of revenues. ARO liabilities are reported within other noncurrent liabilities in our accompanying Condensed Consolidated Balance Sheets. Reconciliations of the carrying amounts of our ARO liabilities are as follows:
| Three Months Ended March 31 |
in millions | 2025 | 2024 |  |
ARO liability balance at beginning of period | $ | 427.4 |  | $ | 324.1 |  |  |
Liabilities incurred | 0.0 |  | 0.0 |  |  |
Liabilities settled | (5.9) |  | (1.8) |  |  |
Accretion expense | 4.3 |  | 3.5 |  |  |
Revisions, net | 3.7 |  | (0.1) |  |  |
ARO liability balance at end of period | $ | 429.5 |  | $ | 325.7 |  |  |
The increase in ARO liabilities from the prior year primarily relates to acquisitions completed in 2024 (see Note 1 6) and cost adjustments for a number of aggregates properties in California that are being reclaimed for alternative uses post mining.

X
- References No definition available. + Details
Name: | us-gaap_AssetRetirementObligationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/410-20/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 20 -Topic 410 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-2 + Details
Name: | us-gaap_AssetRetirementObligationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration