Segments (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Financial Data for Continuing Operation for Company's Reportable Business Segments

The following table displays selected financial data for the Company’s reportable segments. Revenues, as presented on the consolidated statements of earnings and comprehensive earnings, reflect the elimination of intersegment revenues, which represent sales from one segment to another segment. Revenues and earnings (loss) from operations reflect continuing operations only.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2024			2023			2024			2023
	(Dollars in Millions)
Revenues:
East Group	$	849		$	814		$	2,198		$	2,079
West Group		958			1,104			2,464			2,851
Magnesia Specialties		82			76			243			239
Total	$	1,889		$	1,994		$	4,905		$	5,169
Earnings (Loss) from operations:
East Group	$	272		$	295		$	650		$	632
West Group		233			283			1,703			617
Magnesia Specialties		26			17			73			61
Total reportable segments		531			595			2,426			1,310
Corporate		(42	)		(28	)		(118	)		(84	)
Consolidated earnings from operations		489			567			2,308			1,226
Interest expense		38			41			119			125
Other nonoperating income, net		(7	)		(14	)		(54	)	$	(49	)
Consolidated earnings from continuing    operations before income tax expense	$	458		$	540		$	2,243		$	1,150

Earnings from operations for the West Group for the nine months ended September 30, 2024 included a $1.3 billion gain on the divestiture of the South Texas cement business and certain of its related ready mixed concrete operations and a noncash asset and portfolio rationalization charge of $50 million (see Note 13).

	September 30,		December 31,
	2024		2023
	(Dollars in Millions)
Assets employed:
East Group	$	7,667	$	5,131
West Group		7,713		7,697
Magnesia Specialties		265		250
Total reportable segments		15,645		13,078
Corporate		824		2,047
Total	$	16,469	$	15,125