Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Balance Sheet

The carrying amounts of assets and liabilities of the consolidated VIE, reported within the Consolidated Balance Sheets before intragroup eliminations with other CRH companies at December 31 were:

in $ millions	2024	2023
Assets
Current assets:
Cash and cash equivalents	21	19
Accounts receivable, net	38	31
Inventories	96	99
Other current assets	58	51
Total current assets	213	200
Property, plant and equipment, net	846	923
Goodwill	190	200
Intangible assets, net	1	–
Operating lease right-of-use assets, net	5	5
Other noncurrent assets	9	11
Total assets	1,264	1,339
Liabilities
Current liabilities:
Accounts payable	106	92
Accrued expenses	44	36
Current portion of long-term debt	33	98
Operating lease liabilities	1	1
Other current liabilities	25	25
Total current liabilities	209	252
Long-term debt	345	297
Deferred income tax liabilities	94	106
Noncurrent operating lease liabilities	4	5
Other noncurrent liabilities	21	17
Total liabilities	673	677

Condensed Income Statement

The operating results of the consolidated VIE, reported within the Consolidated Statements of Income and Consolidated Statements of Cash Flows before intragroup eliminations with other CRH companies for the years ended December 31 were:

in $ millions	2024	2023	2022
Total revenues	359	446	544
Total cost of revenues	(339)	(416)	(479)
Gross profit	20	30	65
Net loss	(40)	(325)	(24)
Net cash provided by operating activities	10	24	12