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EQUITY
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
EQUITY EQUITY
Our capital stock consists solely of common stock, par value $1.00 per share, of which 480,000,000 shares may be issued. Holders of our common stock are entitled to one vote per share. We may also issue 5,000,000 shares of preferred stock, but no shares have been issued. The terms and provisions of such shares will be determined by our Board of Directors upon any issuance of preferred shares in accordance with our Certificate of Incorporation.
There were no shares held in treasury as of March 31, 2026, December 31, 2025, or March 31, 2025.
Our common stock purchases (all of which were open market purchases) and subsequent retirements for the year-to-date periods ended are as follows:
in millions, except average priceMarch 31
2026
December 31
2025
March 31
2025
Number of shares purchased and retired0.5 1.5 0.2 
Total purchase price 1
$149.5 $438.4 $38.1 
Average price per share
$296.47 $283.82 $224.36 
1.The amount paid to purchase shares in excess of the par value and related excise taxes are recorded in retained earnings.
As of March 31, 2026, 4,768,487 shares may be purchased under the current authorization of our Board of Directors.
Changes in total equity are summarized below:
Three Months Ended
March 31
in millions, except per share data20262025
Total Shareholders' Equity  
Balance at beginning of period$8,525.1 $8,118.6 
Net earnings attributable to Vulcan165.5 128.9 
Share-based compensation plans, net of shares withheld for taxes(37.9)(24.6)
Purchase and retirement of common stock(150.4)(38.1)
Share-based compensation expense15.5 13.9 
Cash dividends on common stock
($0.52/$0.49 per share, respectively)
(67.9)(66.0)
Other comprehensive income1.4 1.4 
Balance at end of period$8,451.3 $8,134.1 
Noncontrolling Interest 
Balance at beginning of period$23.8 $23.9 
Earnings attributable to noncontrolling interest
0.5 0.5 
Other noncontrolling interest
0.1 0.0 
Balance at end of period$24.4 $24.4 
Total Equity 
Balance at end of period$8,475.7 $8,158.5