EQUITY

3 Months Ended

Mar. 31, 2023

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, 2023, December 31, 2022 and March 31, 2022.

There were no common stock purchases for the periods ended March 31, 2023, December 31, 2022 and March 31, 2022.

As of March 31, 2023, 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	2023	2022
Total Shareholders' Equity
Balance at beginning of year	$      6,928.6	$      6,545.0
Net earnings attributable to Vulcan	120.7	91.8
Common stock issued
Share-based compensation plans, net of shares
withheld for taxes	(15.1)	(16.9)
Share-based compensation expense	8.2	7.5
Cash dividends on common stock
($0.43/$0.40 per share, respectively)	(57.2)	(53.2)
Other comprehensive income	1.7	1.1
Balance at end of period	$      6,986.9	$      6,575.3
Noncontrolling Interest
Balance at beginning of year	$           23.6	$           22.7
Earnings attributable to noncontrolling interest	0.2	0.3
Balance at end of period	$           23.8	$           23.0
Total Equity
Balance at end of period	$      7,010.7	$      6,598.3