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Revenue
 12 Months Ended
Dec. 31, 2025
Revenue Recognition and Deferred Revenue [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 Essential Materials businesses manufacture and supply aggregates and cementitious materials for use in a range of construction and industrial applications.
Road Solutions support the manufacturing, installation and maintenance of public highway infrastructure projects and commercial infrastructure.
Building & Infrastructure Solutions provide products that connect and protect critical water, energy and telecommunications infrastructure and deliver complex commercial building projects.
Outdoor Living Solutions integrate specialized materials, products and design features to enhance the quality of private and public spaces.
For the year ended December 31, 2025
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Principal activities and products
Essential Materials5,195–5,17910,374
Road Solutions (i)11,834–5,25517,089
Building & Infrastructure Solutions (ii)–2,6322,2364,868
Outdoor Living Solutions–4,4906265,116
Total revenues17,0297,12213,29637,447

For the year ended December 31, 2024
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Principal activities and products
Essential Materials4,793–4,7679,560
Road Solutions (i)11,380–4,93016,310
Building & Infrastructure Solutions (ii)–2,5691,9984,567
Outdoor Living Solutions–4,4906455,135
Total revenues16,1737,05912,34035,572

For the year ended December 31, 2023
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Principal activities and products
Essential Materials4,583–4,8769,459
Road Solutions (i)10,852–4,81415,666
Building & Infrastructure Solutions (ii)–2,5242,1744,698
Outdoor Living Solutions–4,4936335,126
Total revenues15,4357,01712,49734,949
(i) Revenue from contracts with customers in the Road Solutions principal activities and products category that is recognized over time for the years ended December 31 were:
in $ millions202520242023
Americas Materials Solutions6,5786,4266,146
International Solutions1,6511,8802,004
Total revenue from contracts with customers8,2298,3068,150
(ii)     Revenue from contracts with customers in the Building & Infrastructure Solutions principal activities and products category that is recognized over time for the years ended December 31 were:
in $ millions202520242023
Americas Building Solutions518170
International Solutions413486573
Total revenue from contracts with customers464567643

For the year ended December 31, 2025
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Primary geographic markets
United States15,8826,81413822,834
Rest of World (i)1,1473082,0183,473
United Kingdom––3,7673,767
Rest of Europe (ii)––7,3737,373
Total revenues17,0297,12213,29637,447

For the year ended December 31, 2024
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Primary geographic markets
United States14,9756,73612321,834
Rest of World (i)1,1983231,1992,720
United Kingdom––3,9943,994
Rest of Europe (ii)––7,0247,024
Total revenues16,1737,05912,34035,572

For the year ended December 31, 2023
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Primary geographic markets
United States14,0886,69215020,930
Rest of World (i)1,3473256332,305
United Kingdom––4,3124,312
Rest of Europe (ii)––7,4027,402
Total revenues15,4357,01712,49734,949
(i)    The Rest of World principally includes Australia, Canada and the Philippines.
(ii)    The Rest of Europe principally includes Austria, Belgium, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Luxembourg, the Netherlands, Poland, Romania, Serbia, Slovakia, Spain, Sweden, Switzerland and Ukraine. Revenues generated in the Republic of Ireland represented approximately 2%, 2%, and 3% of our consolidated revenues for the years ended December 31, 2025, 2024, and 2023, respectively.
Contract assets were $525 million and $690 million and contract liabilities were $405 million and $500 million, as of December 31, 2025 and 2024, respectively. The decrease in contract assets was primarily attributed to the timing of billings partially offset by revenue recognized on certain contracts. The decrease in contract liabilities was due to revenue recognized during the period and the timing of advance payments. The Company recognized revenue of $354 million and $387 million for the years ended December 31, 2025 and 2024, respectively, which was previously included in the contract liability balance as of December 31, 2024 and 2023, respectively.
Contract assets include unbilled revenue and retentions held by customers in respect of construction contracts as of December 31, 2025 and 2024 amounting to $299 million and $226 million, and $450 million and $240 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 December 31, 2025, the Company had $3,114 million of transaction price allocated to remaining performance obligations. The majority of open contracts as of December 31, 2025, are expected to close and revenue to be recognized within 12 months of the balance sheet date.
Revenue from sales to equity method investments for the years ended December 31, 2025, 2024, and 2023 were $302 million, $296 million, and $221 million, respectively.