SEGMENT REPORTING

9 Months Ended

Sep. 30, 2014

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

Note 13: Segment Reporting

We have four operating (and reportable) segments organized around our principal product lines: aggregates, asphalt mix, concrete and cement. The vast majority of our activities are domestic. We sell a relatively small amount of construction aggregates outside the United States. Intersegment sales are made at local market prices for the particular grade and quality of product utilized in the production of ready-mixed concrete and asphalt mix. Management reviews earnings from the product line reporting segments principally at the gross profit level.

The changes to our executive management team and organization structure (described in Note 1) have not affected our segment reporting structure as the financial information reviewed by our Chief Executive Officer to assess performance and allocate resources remains unchanged.

segment financial disclosure

	Three Months Ended		Nine Months Ended
	September 30		September 30
in millions	2014	2013	2014	2013
Total Revenues
Aggregates 1	$        688.9	$        596.8	$     1,752.6	$     1,528.8
Asphalt Mix	136.4	130.2	330.0	308.3
Concrete 2	99.0	129.8	288.8	349.9
Cement 3	2.3	25.6	22.6	72.9
Segment sales	926.6	882.4	2,394.0	2,259.9
Aggregates intersegment sales	(53.0)	(56.5)	(145.7)	(134.5)
Cement intersegment sales	0.0	(12.3)	(9.2)	(34.9)
Total revenues	$        873.6	$        813.6	$     2,239.1	$     2,090.5
Gross Profit
Aggregates	$        188.0	$        149.8	$        388.1	$        301.7
Asphalt Mix	14.5	13.6	28.3	24.8
Concrete 2	5.5	(3.9)	(0.5)	(19.8)
Cement 3	1.0	(0.5)	2.0	2.8
Total	$        209.0	$        159.0	$        417.9	$        309.5
Depreciation, Depletion, Accretion
and Amortization (DDA&A)
Aggregates	$          58.5	$          56.7	$        169.2	$        169.2
Asphalt Mix	2.6	2.2	7.5	6.4
Concrete 2	5.0	8.4	15.7	24.5
Cement 3	0.2	5.4	1.4	13.8
Other	4.9	5.6	15.1	17.0
Total	$          71.2	$          78.3	$        208.9	$        230.9
Identifiable Assets 4
Aggregates			$     7,409.1	$     6,936.5
Asphalt Mix			238.2	251.6
Concrete 2			235.6	384.2
Cement 3			5.9	411.9
Total identifiable assets			$     7,888.8	$     7,984.2
General corporate assets			110.8	80.1
Cash items			91.9	245.8
Total			$     8,091.5	$     8,310.1

1	Includes crushed stone, sand and gravel, sand, other aggregates, as well as freight and delivery revenues (see Note 1) associated with the aggregates business.
2	Includes ready-mixed concrete. On March 7, 2014, we sold our concrete business in the Florida area (see Note 16) which in addition to ready-mixed concrete, included concrete block, precast concrete, as well as building materials purchased for resale.
3	Includes cement and calcium products. On March 7, 2014, we sold our cement business (see Note 16).
4	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.