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Segments (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Financial Data for Continuing Operation for Company's Reportable Segments

The following tables display selected financial data for the Company’s reportable segments. Total revenues, as presented on the consolidated statements of earnings and comprehensive earnings, reflect the elimination of intersegment revenues. Total revenues and earnings (loss) from operations reflect continuing operations only.

 

years ended December 31
(in millions)

Total revenues

 

2022

 

 

2021

 

 

2020

 

East Group

 

$

2,468.1

 

 

$

2,303.0

 

 

$

1,949.1

 

West Group

 

 

3,388.6

 

 

 

2,812.3

 

 

 

2,538.1

 

Total Building Materials business

 

 

5,856.7

 

 

 

5,115.3

 

 

 

4,487.2

 

Magnesia Specialties

 

 

304.0

 

 

 

298.7

 

 

 

242.7

 

Total

 

$

6,160.7

 

 

$

5,414.0

 

 

$

4,729.9

 

 

years ended December 31
(in millions)
Earnings (Loss) from operations

 

2022

 

 

2021

 

 

2020

 

East Group

 

$

640.2

 

 

$

621.7

 

 

$

522.1

 

West Group

 

 

588.1

 

 

 

385.2

 

 

 

471.3

 

Total Building Materials business

 

 

1,228.3

 

 

 

1,006.9

 

 

 

993.4

 

Magnesia Specialties

 

 

75.2

 

 

 

90.8

 

 

 

70.7

 

Corporate

 

 

(96.8

)

 

 

(123.9

)

 

 

(58.7

)

Total

 

$

1,206.7

 

 

$

973.8

 

 

$

1,005.4

 

Earnings from operations for the West Group included a nonrecurring gain on divestiture of $151.9 million in 2022 and nonrecurring gains on sales of investment land and divested assets of $69.9 million in 2020.

 

December 31
(in millions)
Assets employed

 

2022

 

 

2021

 

 

2020

 

East Group

 

$

5,063.5

 

 

$

5,009.0

 

 

$

4,342.5

 

West Group

 

 

7,908.4

 

 

 

8,264.8

 

 

 

5,355.5

 

Total Building Materials business

 

 

12,971.9

 

 

 

13,273.8

 

 

 

9,698.0

 

Magnesia Specialties

 

 

192.1

 

 

 

168.7

 

 

 

167.9

 

Corporate

 

 

1,829.6

 

 

 

950.5

 

 

 

714.9

 

Total

 

$

14,993.6

 

 

$

14,393.0

 

 

$

10,580.8

 

 

years ended December 31
(in millions)
Depreciation, depletion and amortization

 

2022

 

 

2021

 

 

2020

 

East Group

 

$

210.4

 

 

$

196.0

 

 

$

167.9

 

West Group

 

 

260.6

 

 

 

223.0

 

 

 

196.6

 

Total Building Materials business

 

 

471.0

 

 

 

419.0

 

 

 

364.5

 

Magnesia Specialties

 

 

12.2

 

 

 

12.3

 

 

 

11.5

 

Corporate

 

 

22.8

 

 

 

20.4

 

 

 

17.5

 

Total

 

$

506.0

 

 

$

451.7

 

 

$

393.5

 

 

Total property additions, including the impact of acquisitions

 

 

 

 

 

 

 

 

 

East Group

 

$

189.1

 

 

$

372.9

 

 

$

159.0

 

West Group

 

 

302.2

 

 

 

1,131.6

 

 

 

197.9

 

Total Building Materials business

 

 

491.3

 

 

 

1,504.5

 

 

 

356.9

 

Magnesia Specialties

 

 

32.0

 

 

 

8.2

 

 

 

13.5

 

Corporate

 

 

21.1

 

 

 

28.8

 

 

 

16.8

 

Total

 

$

544.4

 

 

$

1,541.5

 

 

$

387.2

 

 

Property additions through acquisitions

 

 

 

 

 

 

 

 

 

East Group

 

$

 

 

$

169.2

 

 

$

 

West Group

 

 

2.5

 

 

 

918.3

 

 

 

20.0

 

Total Building Materials business

 

 

2.5

 

 

 

1,087.5

 

 

 

20.0

 

Magnesia Specialties

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

Total

 

$

2.5

 

 

$

1,087.5

 

 

$

20.0