v3.26.1
SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Our operating segments are based on our internal management reporting structure. Our chief operating decision maker, the 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 millions20262025
Total Revenues
Aggregates 1
$1,450.5 $1,335.9 
Asphalt 2
215.8 208.7 
Concrete187.5 177.0 
Segment sales$1,853.8 $1,721.6 
Aggregates intersegment sales(97.9)(87.0)
Total$1,755.9 $1,634.6 
Cost of Revenues
Aggregates$(952.3)$(891.6)
Asphalt(203.6)(203.9)
Concrete(177.3)(173.8)
Total$(1,333.2)$(1,269.3)
Gross Profit
Aggregates$400.3 $357.3 
Asphalt12.2 4.8 
Concrete10.2 3.2 
Total $422.7 $365.3 
Reconciliation to Pretax Earnings
Selling, administrative and general expenses$(135.7)$(138.3)
Other operating expense, net
(21.6)(0.6)
Other nonoperating income (expense), net1.4 (2.6)
Interest expense, net(53.9)(59.7)
Earnings from continuing operations before income taxes$212.9 $164.1 
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 millions20262025
Depreciation, Depletion, Accretion and Amortization 1
Aggregates$145.9 $150.4 
Asphalt11.2 12.0 
Concrete4.0 15.4 
Other9.2 8.6 
Total$170.3 $186.4 
Capital Expenditures 2
Aggregates$73.4 $91.2 
Asphalt6.0 5.1 
Concrete1.9 6.8 
Corporate9.1 2.2 
Total$90.4 $105.3 
Identifiable Assets 3
Aggregates$14,415.2 $14,351.9 
Asphalt 733.8 815.0 
Concrete
1,037.3 1,043.3 
Total identifiable assets
$16,186.3 $16,210.2 
General corporate assets342.9 309.0 
Cash and cash equivalents and restricted cash143.7 192.9 
Total$16,672.9 $16,712.1 
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.