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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]    
Total revenues [1] $ 1,540.7 $ 1,068.3
Cost of revenues 1,271.9 839.0
Gross profit 268.8 229.3
Selling, administrative and general expenses 119.0 88.6
Gain on sale of property, plant & equipment and businesses 2.6 117.2
Other operating expense, net (5.4) (8.4)
Operating earnings 147.0 249.5
Other nonoperating income, net 1.5 5.9
Interest expense, net 35.9 33.1
Earnings from continuing operations before income taxes 112.6 222.3
Income tax expense 18.7 60.6
Earnings from continuing operations 93.9 161.7
Loss on discontinued operations, net of tax (1.8) (1.1)
Net earnings 92.1 160.6
(Earnings) loss attributable to noncontrolling interest (0.3) (0.0)
Net earnings attributable to Vulcan 91.8 160.6
Other comprehensive income (loss), net of tax    
Deferred loss on interest rate derivative 0.0 0.0
Amortization of prior interest rate derivative loss 0.4 0.4
Amortization of actuarial loss and prior service cost for benefit plans 0.7 1.2
Other comprehensive income (loss) 1.1 1.6
Comprehensive income 93.2 162.2
Comprehensive (earnings) loss attributable to noncontrolling interest (0.3) (0.0)
Comprehensive income attributable to Vulcan $ 92.9 $ 162.2
Basic earnings (loss) per share attributable to Vulcan    
Continuing operations $ 0.70 $ 1.22
Discontinued operations (0.01) (0.01)
Net earnings 0.69 1.21
Diluted earnings (loss) per share attributable to Vulcan    
Continuing operations 0.70 1.21
Discontinued operations (0.01) (0.01)
Net earnings $ 0.69 $ 1.20
Weighted-average common shares outstanding    
Basic 133.0 132.7
Assuming dilution 133.6 133.4
Effective tax rate from continuing operations 16.60% 27.30%
[1]

1

The geographic markets are defined by states/countries as follows:

East market — Arkansas, Delaware, Illinois, Kentucky, Maryland, North Carolina, Pennsylvania, Tennessee, Virginia and Washington D.C.

Gulf Coast marketAlabama, Florida, Georgia, Louisiana, Mississippi, Oklahoma, Quintana Roo (Mexico), South Carolina and Texas

West market — Arizona, California and New Mexico

U.S. Concrete — British Columbia (Canada), California, Hawaii, New Jersey, New York, Oklahoma, Pennsylvania, Texas, the U.S. Virgin Islands and Washington D.C.