Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

Long-term debt at December 31 was:

in $ millions	Effective interest rate		2024	2023
Long-term debt
(U.S. Dollar denominated unless otherwise noted)
1.875% euro Senior Notes due 2024	2.02	%	–	663
3.875% Senior Notes due 2025	3.93	%	1,250	1,250
1.250% euro Senior Notes due 2026	1.25	%	780	829
3.400% Senior Notes due 2027	3.49	%	600	600
4.000% euro Senior Notes due 2027	4.13	%	520	553
3.950% Senior Notes due 2028	4.07	%	900	900
1.375% euro Senior Notes due 2028	1.42	%	624	663
5.200% Senior Notes due 2029	5.30	%	750	–
4.125% Sterling Senior Notes due 2029	4.22	%	501	509
1.625% euro Senior Notes due 2030	1.72	%	780	829
4.000% euro Senior Notes due 2031	4.10	%	780	829
6.400% Senior Notes due 2033 (i)	6.43	%	213	213
5.400% Senior Notes due 2034	5.52	%	750	–
4.250% euro Senior Notes due 2035	4.38	%	780	829
5.125% Senior Notes due 2045	5.25	%	500	500
4.400% Senior Notes due 2047	4.44	%	400	400
4.500% Senior Notes due 2048	4.63	%	600	600
USD interest bearing loan due 2026	4.96	%	750	–
PHP interest bearing loan due 2027	5.97	%	379	396
AUD interest bearing loan due 2029	5.07	%	478	–
U.S. Dollar Commercial Paper	4.77	%	1,189	1,002
Euro Commercial Paper	3.08	%	347	–
Other			48	37
Unamortized discounts and debt issuance costs			(68)	(67)
Total long-term debt (ii)			13,851	11,535
Less: current portion of long-term debt (iii)			(2,882)	(1,759)
Long-term debt			10,969	9,776

(i)     The $300 million 6.400% Senior Notes were issued in September 2003, and at the time of issuance the Senior Notes were partially swapped to floating interest rates. In August 2009 and December 2010, $87 million of the issued Senior Notes were acquired by CRH as part of liability management exercises undertaken and the interest rate hedge was closed out. The remaining fair value hedge adjustment on the hedged item in the Consolidated Balance Sheets was $27 million and $30 million at December 31, 2024 and 2023, respectively.

(ii)     Of the Company’s nominal fixed rate debt at both December 31, 2024 and December 31, 2023, $1,375 million was hedged to daily compounded Secured Overnight Financing Rate (SOFR) using interest rate swaps. Of the Company’s nominal floating rate debt at December 31, 2024 and December 31, 2023, $140 million and $nil million, respectively, was hedged to fixed rates using interest rate swaps.

(iii)     Excludes borrowings from bank overdrafts of $117 million and $107 million, which are recorded within Current portion of long-term debt in the Consolidated Balance Sheets at December 31, 2024 and 2023, respectively.

Schedule of Maturities of Long-Term Debt

The long-term debt maturities, net of the unamortized discounts and debt issuance costs, for the periods subsequent to December 31, 2024, are as follows:

in $ millions	2025	2026	2027	2028	2029	2030 and thereafter	Total
Long-term debt maturities	2,882	1,923	1,430	1,506	1,258	4,852	13,851