EQUITY

3 Months Ended

Mar. 31, 2022

EQUITY [Abstract]

EQUITY

Note 12: 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, 2022, December 31, 2021 and March 31, 2021.

Our common stock purchases (all of which were open market purchases) and subsequent retirements for the year-to-date periods ended are as follows:

	March 31	December 31	March 31
in millions, except average cost	2022	2021	2021
Shares Purchased and Retired
Number	0.0	0.0	0.0
Total purchase price	$            0.0	$            0.0	$            0.0
Average cost per share	$          0.00	$          0.00	$          0.00

As of March 31, 2022, 8,064,851 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 data	2022	2021
Total Shareholders' Equity
Balance at beginning of year	$      6,545.0	$      6,027.3
Net earnings attributable to Vulcan	91.8	160.6
Common stock issued
Share-based compensation plans, net of shares
withheld for taxes	(16.9)	(12.0)
Share-based compensation expense	7.5	7.9
Cash dividends on common stock
($0.40/$0.37 per share, respectively)	(53.2)	(49.1)
Other comprehensive income	1.1	1.6
Balance at end of period	$      6,575.3	$      6,136.3
Noncontrolling Interest
Balance at beginning of year	$           22.7	$             0.0
Earnings (loss) attributable to noncontrolling interest	0.3	0.0
Balance at end of period	$           23.0	$             0.0
Total Equity
Balance at end of period	$      6,598.3	$      6,136.3