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Revenue
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue
2. Revenue
The Company disaggregates revenue based on its operating and reportable segments. The Company’s operating and reportable segments are: (1) Americas Materials Solutions, (2) Americas Building Solutions and (3) International Solutions.
Revenue is disaggregated by principal activities and products and by primary geographic market. Business lines are reviewed and evaluated as follows: (1) Essential Materials, (2) Road Solutions, (3) Building & Infrastructure Solutions and (4) Outdoor Living Solutions.
The vertically integrated Essential Materials businesses manufacture and supply aggregates and cementitious materials for use in a range of construction and industrial applications.
Road Solutions supports the manufacturing, installation and maintenance of public highway infrastructure projects and commercial infrastructure.
Building & Infrastructure Solutions provides products that connect, protect and transport critical water, energy and telecommunications infrastructure and deliver complex commercial building projects.
Outdoor Living Solutions integrates specialized materials, products and design features to enhance the quality of private and public spaces.

Three months ended September 30, 2025
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Principal activities and products
Essential Materials1,5191,4582,977
Road Solutions (i)4,1181,4565,574
Building & Infrastructure Solutions (ii)7255471,272
Outdoor Living Solutions1,0721741,246
Total revenues5,6371,7973,63511,069
Three months ended September 30, 2024
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Principal activities and products
Essential Materials1,3901,3632,753
Road Solutions (i)3,9091,4325,341
Building & Infrastructure Solutions (ii)7054881,193
Outdoor Living Solutions1,0521761,228
Total revenues5,2991,7573,45910,515

Nine months ended September 30, 2025
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Principal activities and products
Essential Materials3,7603,8967,656
Road Solutions (i)8,6293,98312,612
Building & Infrastructure Solutions (ii)1,9901,6383,628
Outdoor Living Solutions3,6484874,135
Total revenues12,3895,63810,00428,031
Nine months ended September 30, 2024
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Principal activities and products
Essential Materials3,6053,5607,165
Road Solutions (i)8,3023,65211,954
Building & Infrastructure Solutions (ii)1,9331,5093,442
Outdoor Living Solutions3,6335084,141
Total revenues11,9075,5669,22926,702
(i) Revenue from contracts with customers in the Road Solutions principal activities and products category that is recognized over time was:
Three months endedNine months ended
September 30September 30
in $ millions2025202420252024
Americas Materials Solutions2,4142,3334,7614,665
International Solutions4655721,3081,439
Total revenue from contracts with customers2,8792,9056,0696,104
(ii) Revenue from contracts with customers in the Building & Infrastructure Solutions principal activities and products category that is recognized over time was:
Three months endedNine months ended
September 30September 30
in $ millions2025202420252024
Americas Building Solutions12174066
International Solutions91111304374
Total revenue from contracts with customers103128344440
Contract assets were $957 million, $690 million and $1,004 million and contract liabilities were $405 million, $500 million and $495 million, at September 30, 2025, December 31, 2024, and September 30, 2024, respectively. The Company recognized revenue of $382 million and $382 million for the nine months ended September 30, 2025, and September 30, 2024, respectively, which was previously included in the contract liability balance at December 31, 2024, and December 31, 2023, respectively.
Contract assets include unbilled revenue and retentions held by customers in respect of construction contracts at September 30, 2025, December 31, 2024, and September 30, 2024 amounting to $697 million and $260 million, $450 million and $240 million, and $752 million and $252 million, respectively. Unbilled revenue represents the estimated value of unbilled work for projects with performance obligations recognized over time. Retentions represent amounts that have been billed to customers but payment is withheld until final acceptance of the performance obligation by the customer. Retentions that have been billed, but are not due until completion of performance and acceptance by customers, are generally expected to be collected within one year. The Company applies the practical expedient and does not adjust any of its transaction prices for the time value of money.
On September 30, 2025, the Company had $3,592 million of transaction price allocated to remaining performance obligations. The majority of open contracts at September 30, 2025 are expected to close and revenue to be recognized within 12 months of the balance sheet date.