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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]        
Total revenues [1] $ 2,088.3 $ 1,516.5 $ 5,583.3 $ 3,945.9
Cost of revenues 1,595.4 1,122.4 4,375.5 2,924.2
Gross profit 492.9 394.1 1,207.8 1,021.7
Selling, administrative and general expenses 135.3 103.8 388.7 293.1
Gain on sale of property, plant & equipment and businesses 23.8 2.9 28.4 120.3
Loss on impairments (67.8) (0.0) (67.8) (4.6)
Other operating expense, net (8.2) (30.8) (19.8) (44.9)
Operating earnings 305.4 262.4 759.9 799.4
Other nonoperating income (expense), net 1.3 3.1 (1.7) 17.3
Interest expense, net 46.1 36.8 120.8 111.6
Earnings from continuing operations before income taxes 260.6 228.7 637.4 705.1
Income tax expense 82.3 51.7 164.6 169.7
Earnings from continuing operations 178.3 177.0 472.8 535.4
Loss on discontinued operations, net of tax (1.2) (0.2) (16.1) (2.7)
Net earnings 177.1 176.8 456.7 532.7
(Earnings) loss attributable to noncontrolling interest (0.0) 0.1 (0.5) 0.2
Net earnings attributable to Vulcan 177.1 176.9 456.2 532.9
Other comprehensive income (loss), net of tax        
Amortization of prior cash flow hedge loss 0.4 0.4 1.1 1.1
Amortization of actuarial loss and prior service cost for benefit plans 0.7 1.2 2.2 3.7
Other comprehensive income 1.1 1.6 3.3 4.8
Comprehensive income 178.2 178.4 460.0 537.5
Comprehensive (earnings) loss attributable to noncontrolling interest (0.0) 0.1 (0.5) 0.2
Comprehensive income attributable to Vulcan $ 178.2 $ 178.5 $ 459.5 $ 537.7
Basic earnings (loss) per share attributable to Vulcan        
Continuing operations $ 1.34 $ 1.33 $ 3.55 $ 4.03
Discontinued operations (0.01) 0.00 (0.12) (0.02)
Net earnings 1.33 1.33 3.43 4.01
Diluted earnings (loss) per share attributable to Vulcan        
Continuing operations 1.33 1.33 3.54 4.01
Discontinued operations 0.00 (0.01) (0.12) (0.02)
Net earnings $ 1.33 $ 1.32 $ 3.42 $ 3.99
Weighted-average common shares outstanding        
Basic 133.0 132.8 133.0 132.8
Assuming dilution 133.6 133.5 133.6 133.5
Effective tax rate from continuing operations 31.60% 22.60% 25.80% 24.10%
[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 market - Alabama, Florida, Georgia, Louisiana, Mississippi, Oklahoma, South Carolina, Texas, Freeport (Bahamas), Puerto Cortés (Honduras) and Quintana Roo (Mexico)

West market - Arizona, California and New Mexico

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