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Segments (Tables)
12 Months Ended
Dec. 31, 2021
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 well as the consolidated statements of earnings and comprehensive earnings, reflect the elimination of intersegment revenues. Total revenues; gross profit; selling, general and administrative expenses and earnings from operations reflect continuing operations only.

 

years ended December 31

(in millions)

Total revenues

 

2021

 

 

2020

 

 

2019

 

East Group

 

$

2,303.0

 

 

$

1,949.1

 

 

$

1,949.0

 

West Group

 

 

2,812.3

 

 

 

2,538.1

 

 

 

2,518.8

 

Total Building Materials business

 

 

5,115.3

 

 

 

4,487.2

 

 

 

4,467.8

 

Magnesia Specialties

 

 

298.7

 

 

 

242.7

 

 

 

271.3

 

Total

 

$

5,414.0

 

 

$

4,729.9

 

 

$

4,739.1

 

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

721.6

 

 

$

619.4

 

 

$

605.7

 

West Group

 

 

518.3

 

 

 

540.4

 

 

 

474.9

 

Total Building Materials business

 

 

1,239.9

 

 

 

1,159.8

 

 

 

1,080.6

 

Magnesia Specialties

 

 

106.5

 

 

 

85.5

 

 

 

95.4

 

Corporate

 

 

2.0

 

 

 

7.5

 

 

 

3.0

 

Total

 

$

1,348.4

 

 

$

1,252.8

 

 

$

1,179.0

 

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

104.6

 

 

$

99.2

 

 

$

84.7

 

West Group

 

 

142.6

 

 

 

135.7

 

 

 

116.3

 

Total Building Materials business

 

 

247.2

 

 

 

234.9

 

 

 

201.0

 

Magnesia Specialties

 

 

14.9

 

 

 

14.1

 

 

 

11.3

 

Corporate

 

 

88.9

 

 

 

56.9

 

 

 

90.4

 

Total

 

$

351.0

 

 

$

305.9

 

 

$

302.7

 

 

Earnings (Loss) from operations

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

621.7

 

 

$

522.1

 

 

$

527.3

 

West Group

 

 

385.2

 

 

 

471.3

 

 

 

366.9

 

Total Building Materials business

 

 

1,006.9

 

 

 

993.4

 

 

 

894.2

 

Magnesia Specialties

 

 

90.8

 

 

 

70.7

 

 

 

83.6

 

Corporate

 

 

(123.9

)

 

 

(58.7

)

 

 

(92.9

)

Total

 

$

973.8

 

 

$

1,005.4

 

 

$

884.9

 

 

Earnings from operations for the West Group include nonrecurring gains on sales of investment land and divested assets of $69.9 million in 2020.

 

December 31

(in millions)

Assets employed

 

2021

 

 

2020

 

 

2019

 

East Group

 

$

5,009.0

 

 

$

4,342.5

 

 

$

4,320.6

 

West Group

 

 

8,264.8

 

 

 

5,355.5

 

 

 

5,321.9

 

Total Building Materials business

 

 

13,273.8

 

 

 

9,698.0

 

 

 

9,642.5

 

Magnesia Specialties

 

 

168.7

 

 

 

167.9

 

 

 

176.2

 

Corporate

 

 

950.5

 

 

 

714.9

 

 

 

312.9

 

Total

 

$

14,393.0

 

 

$

10,580.8

 

 

$

10,131.6

 

 

 

years ended December 31

(in millions)

Depreciation, depletion and amortization

 

2021

 

 

2020

 

 

2019

 

East Group

 

$

196.0

 

 

$

167.9

 

 

$

158.0

 

West Group

 

 

223.0

 

 

 

196.6

 

 

 

183.3

 

Total Building Materials business

 

 

419.0

 

 

 

364.5

 

 

 

341.3

 

Magnesia Specialties

 

 

12.3

 

 

 

11.5

 

 

 

10.2

 

Corporate

 

 

20.4

 

 

 

17.5

 

 

 

20.0

 

Total

 

$

451.7

 

 

$

393.5

 

 

$

371.5

 

 

Total property additions, including the impact of acquisitions

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

372.9

 

 

$

159.0

 

 

$

172.9

 

West Group

 

 

1,131.6

 

 

 

197.9

 

 

 

182.7

 

Total Building Materials business

 

 

1,504.5

 

 

 

356.9

 

 

 

355.6

 

Magnesia Specialties

 

 

8.2

 

 

 

13.5

 

 

 

20.0

 

Corporate

 

 

28.8

 

 

 

16.8

 

 

 

12.0

 

Total

 

$

1,541.5

 

 

$

387.2

 

 

$

387.6

 

 

Property additions through acquisitions

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

169.2

 

 

$

 

 

$

 

West Group

 

 

918.3

 

 

 

20.0

 

 

 

 

Total Building Materials business

 

 

1,087.5

 

 

 

20.0

 

 

 

 

Magnesia Specialties

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

Total

 

$

1,087.5

 

 

$

20.0

 

 

$