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EQUITY
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
EQUITY 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, 2024, December 31, 2023 and March 31, 2023.
Our common stock purchases (all of which were open market purchases) and subsequent retirements for the year-to-date periods ended are as follows:
in millions, except average costMarch 31
2024		December 31
2023		March 31
2023
Number of shares purchased and retired0.1 1.0 0.0 
Total purchase price 1
$18.8 $200.0 $0.0 
Average cost per share$265.44 $204.52 $0.00 
1The amount paid to purchase shares in excess of the par value and related excise taxes are recorded in retained earnings.
As of March 31, 2024, 7,016,328 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 data20242023
Total Shareholders' Equity
Balance at beginning of period$7,483.4 $6,928.6 
Net earnings attributable to Vulcan102.7 120.7 
Common stock issued
Share-based compensation plans, net of shares withheld for taxes(24.2)(15.1)
Purchase and retirement of common stock(18.8)0.0 
Share-based compensation expense9.1 8.2 
Cash dividends on common stock ($0.46/$0.43 per share, respectively)
(62.0)(57.2)
Other comprehensive income1.7 1.7 
Balance at end of period$7,491.9 $6,986.9 
Noncontrolling Interest
Balance at beginning of period$24.5 $23.6 
Earnings attributable to noncontrolling interest0.2 0.2 
Balance at end of period$24.7 $23.8 
Total Equity
Balance at end of period$7,516.6 $7,010.7