XML 38 R30.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Segments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting [Abstract] |
Financial Data for Continuing Operation for Company's Reportable Business Segments | The following table displays selected financial data for the Company’s reportable segments. Revenues, as presented on the consolidated statements of earnings and comprehensive earnings, reflect the elimination of intersegment revenues, which represent sales from one segment to another segment. Revenues and earnings (loss) from operations reflect continuing operations only.
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | (Dollars in Millions) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
East Group |  | $ | 823 |  |  | $ | 735 |  |  | $ | 1,349 |  |  | $ | 1,265 |
West Group |  |  | 860 |  |  |  | 1,005 |  |  |  | 1,505 |  |  |  | 1,746 |
Magnesia Specialties |  |  | 81 |  |  |  | 81 |  |  |  | 161 |  |  |  | 164 |
Total |  | $ | 1,764 |  |  | $ | 1,821 |  |  | $ | 3,015 |  |  | $ | 3,175 |
Earnings (Loss) from operations: |  |  |  |  |  |  |  |  |  |  |  |
East Group |  | $ | 249 |  |  | $ | 227 |  |  | $ | 378 |  |  | $ | 337 |
West Group |  |  | 171 |  |  |  | 240 |  |  |  | 1,470 |  |  |  | 334 |
Magnesia Specialties |  |  | 25 |  |  |  | 23 |  |  |  | 48 |  |  |  | 43 |
Total reportable segments |  |  | 445 |  |  |  | 490 |  |  |  | 1,896 |  |  |  | 714 |
Corporate |  |  | (47 | ) |  |  | (27 | ) |  |  | (77 | ) |  |  | (55 | )
Consolidated earnings from operations |  |  | 398 |  |  |  | 463 |  |  |  | 1,819 |  |  |  | 659 |
Interest expense |  |  | 40 |  |  |  | 42 |  |  |  | 80 |  |  |  | 84 |
Other nonoperating income, net |  |  | (14 | ) |  |  | (19 | ) |  |  | (46 | ) |  | $ | (35 | )
Consolidated earnings from continuing operations before income tax expense |  | $ | 372 |  |  | $ | 440 |  |  | $ | 1,785 |  |  | $ | 610 |
Earnings from operations for the West Group for the six months ended June 30, 2024 included a $1.3 billion gain on the divestiture of the South Texas cement business and certain of its related ready mixed concrete operations and a noncash asset and portfolio rationalization charge of $50 million (see Note 13).
|  | June 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | (Dollars in Millions) |
Assets employed: |  |  |  |  |  |
East Group |  | $ | 7,687 |  |  | $ | 5,131 |
West Group |  |  | 7,516 |  |  |  | 7,697 |
Magnesia Specialties |  |  | 261 |  |  |  | 250 |
Total reportable segments |  |  | 15,464 |  |  |  | 13,078 |
Corporate |  |  | 869 |  |  |  | 2,047 |
Total |  | $ | 16,333 |  |  | $ | 15,125 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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