SEGMENT REPORTING

9 Months Ended

Sep. 30, 2023

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

Note 13: Segment Reporting

We have four operating (and reportable) segments organized around our principal product lines: Aggregates, Asphalt, Concrete and Calcium. The vast majority of our activities are domestic. We sell a relatively small amount of construction aggregates outside the United States. Our Asphalt and Concrete segments are primarily supplied with their aggregates requirements from our Aggregates segment. These intersegment sales are made at local market prices for the particular grade and quality of product used in the production of asphalt mix and ready-mixed concrete and are excluded from total revenues. Management reviews earnings from these reporting segments principally at the gross profit level.

segment financial disclosure

	Three Months Ended		Nine Months Ended
	September 30		September 30
in millions	2023	2022	2023	2022
Total Revenues
Aggregates 1	$       1,626.1	$       1,490.5	$       4,498.9	$       4,013.5
Asphalt 2	347.2	310.2	854.3	752.1
Concrete	364.6	450.5	993.3	1,233.4
Calcium	2.3	2.1	7.0	5.4
Segment sales	$       2,340.2	$       2,253.3	$       6,353.5	$       6,004.4
Aggregates intersegment sales	(154.4)	(165.0)	(405.9)	(421.1)
Total revenues	$       2,185.8	$       2,088.3	$       5,947.6	$       5,583.3
Gross Profit
Aggregates	$          508.4	$          436.1	$       1,309.8	$       1,081.3
Asphalt	55.9	29.5	113.3	40.2
Concrete	26.0	26.5	50.7	84.7
Calcium	0.7	0.8	2.5	1.6
Total	$          591.0	$          492.9	$       1,476.3	$       1,207.8
Depreciation, Depletion, Accretion
and Amortization (DDA&A)
Aggregates	$          125.6	$          113.5	$          357.4	$          324.4
Asphalt	8.8	8.9	26.7	26.0
Concrete	20.5	21.7	60.4	63.5
Calcium	0.0	0.0	0.1	0.1
Other	6.2	6.9	19.8	21.0
Total	$          161.1	$          151.0	$          464.4	$          435.0
Identifiable Assets 3, 4
Aggregates			$     11,821.9	$     11,713.5
Asphalt			648.6	671.3
Concrete 5			1,512.4	1,773.8
Calcium			3.8	4.2
Total identifiable assets			$     13,986.7	$     14,162.8
General corporate assets			288.8	306.1
Cash and cash equivalents and restricted cash			345.0	146.9
Total assets			$     14,620.5	$     14,615.8

1	Includes product sales (crushed stone, sand and gravel, sand, and other aggregates), as well as freight & delivery costs that we pass along to our customers, and service revenues (see Note 4) related to aggregates.
2	Includes product sales, as well as service revenues (see Note 4) from our asphalt construction paving business.
3	Certain temporarily idled assets are included within a segment's Identifiable Assets but the associated DDA&A is shown within Other in the DDA&A section above as the related DDA&A is excluded from segment gross profit.
4	The increase in Aggregates is primarily due to 2022 acquisitions, and the decrease in Concrete is primarily due to the divestiture of concrete operations in New Jersey, New York and Pennsylvania in November 2022 (see Note 16).
5	Includes assets classified as held for sale (see Note 16).