Variable interest entities (Tables)

9 Months Ended

Sep. 30, 2025

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 Condensed Consolidated Balance Sheets before intragroup eliminations with other CRH companies were:

	September 30	December 31	September 30
in $ millions	2025	2024	2024
Assets
Current assets:
Cash and cash equivalents	17	21	20
Accounts receivable, net	41	38	39
Inventories	88	96	101
Other current assets	62	58	56
Total current assets	208	213	216
Property, plant and equipment, net	812	846	882
Goodwill	190	190	197
Intangible assets, net	–	1	–
Operating lease right-of-use assets, net	4	5	5
Other noncurrent assets	10	9	13
Total assets	1,224	1,264	1,313
Liabilities
Current liabilities:
Accounts payable	114	106	80
Accrued expenses	36	44	52
Current portion of long-term debt	12	33	77
Operating lease liabilities	1	1	1
Other current liabilities	20	25	23
Total current liabilities	183	209	233
Long-term debt	377	345	329
Deferred income tax liabilities	91	94	98
Noncurrent operating lease liabilities	3	4	4
Other noncurrent liabilities	23	21	20
Total liabilities	677	673	684

Condensed Income Statement

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

	Three months ended		Nine months ended
	September 30		September 30
in $ millions	2025	2024	2025	2024
Total revenues	77	88	243	282
Total cost of revenues	(75)	(86)	(240)	(262)
Gross profit	2	2	3	20
Net loss	(13)	(10)	(43)	(22)
Net cash used in operating activities			(12)	(11)