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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]        
Total revenues [1] $ 1,954.3 $ 1,361.0 $ 3,495.0 $ 2,429.4
Cost of revenues 1,508.1 962.6 2,780.1 1,801.8
Gross profit 446.2 398.4 714.9 627.6
Selling, administrative and general expenses 134.4 100.7 253.4 189.3
Gain on sale of property, plant & equipment and businesses 2.0 0.2 4.6 117.4
Other operating expense, net (6.2) (10.4) (11.6) (18.7)
Operating earnings 307.6 287.5 454.5 537.0
Other nonoperating income (expense), net (4.7) 8.3 (3.0) 14.2
Interest expense, net 38.7 41.7 74.7 74.8
Earnings from continuing operations before income taxes 264.2 254.1 376.8 476.4
Income tax expense 63.7 57.3 82.4 118.0
Earnings from continuing operations 200.5 196.8 294.4 358.4
Loss on discontinued operations, net of tax (13.1) (1.5) (14.9) (2.4)
Net earnings 187.4 195.3 279.5 356.0
(Earnings) loss attributable to noncontrolling interest (0.1) (0.0) (0.4) (0.0)
Net earnings attributable to Vulcan 187.3 195.3 279.1 356.0
Other comprehensive income (loss), net of tax        
Amortization of prior cash flow hedge loss 0.4 0.4 0.7 0.7
Amortization of actuarial loss and prior service cost for benefit plans 0.7 1.2 1.5 2.5
Other comprehensive income 1.1 1.6 2.2 3.2
Comprehensive income 188.5 196.9 281.7 359.2
Comprehensive (earnings) loss attributable to noncontrolling interest (0.1) (0.0) (0.4) (0.0)
Comprehensive income attributable to Vulcan $ 188.4 $ 196.9 $ 281.3 $ 359.2
Basic earnings (loss) per share attributable to Vulcan        
Continuing operations $ 1.51 $ 1.48 $ 2.21 $ 2.70
Discontinued operations (0.10) (0.01) (0.11) (0.02)
Net earnings 1.41 1.47 2.10 2.68
Diluted earnings (loss) per share attributable to Vulcan        
Continuing operations 1.50 1.47 2.20 2.69
Discontinued operations (0.10) (0.01) (0.11) (0.02)
Net earnings $ 1.40 $ 1.46 $ 2.09 $ 2.67
Weighted-average common shares outstanding        
Basic 133.0 132.8 133.0 132.8
Assuming dilution 133.5 133.5 133.6 133.5
Effective tax rate from continuing operations 24.10% 22.50% 21.90% 24.80%
[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.