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Revenues and Gross Profit (Tables)
12 Months Ended
Dec. 31, 2024
Revenues And Gross Profit [Abstract]  
Total Revenues and Gross Profit (Loss) by Product Line

The following tables, which are reconciled to consolidated amounts, provide revenues and gross profit (loss) by line of business: Building Materials (further divided by product line) and Magnesia Specialties. Interproduct revenues represent sales from the aggregates product line to the cement and ready mixed concrete and asphalt and paving product lines and sales from the cement product line to the ready mixed concrete product line. Effective January 1, 2024, the Company combined the cement and ready mixed concrete product lines. This change was driven by the reduced significance of each of these product lines relative to the Building Materials business and consolidated operating results from recent divestitures. Additionally, there is a significant relationship between these product lines, as the ready mixed concrete product line is a significant customer of the cement product line. Revenues and gross profit (loss) reflect continuing operations only.

 

years ended December 31
(in millions)
Revenues

 

2024

 

 

2023

 

 

2022

 

Building Materials business:

 

 

 

 

 

 

 

 

 

Aggregates

 

$

4,514

 

 

$

4,302

 

 

$

3,879

 

Cement and ready mixed concrete

 

 

1,083

 

 

 

1,518

 

 

 

1,395

 

Asphalt and paving

 

 

869

 

 

 

887

 

 

 

788

 

Less: interproduct revenues

 

 

(250

)

 

 

(245

)

 

 

(205

)

Total Building Materials business

 

 

6,216

 

 

 

6,462

 

 

 

5,857

 

Magnesia Specialties

 

 

320

 

 

 

315

 

 

 

304

 

Total

 

$

6,536

 

 

$

6,777

 

 

$

6,161

 

 

 

 

 

 

 

 

 

 

 

years ended December 31
(in millions)
Gross profit (loss)

 

2024

 

 

2023

 

 

2022

 

Building Materials business:

 

 

 

 

 

 

 

 

 

Aggregates

 

$

1,449

 

 

$

1,378

 

 

$

984

 

Cement and ready mixed concrete

 

 

260

 

 

 

436

 

 

 

273

 

Asphalt and paving

 

 

101

 

 

 

109

 

 

 

81

 

Total Building Materials business

 

 

1,810

 

 

 

1,923

 

 

 

1,338

 

Magnesia Specialties:

 

 

107

 

 

 

97

 

 

 

91

 

Corporate

 

 

(39

)

 

 

3

 

 

 

(6

)

Total

 

$

1,878

 

 

$

2,023

 

 

$

1,423

 

Domestic and Foreign Total Revenues

Domestic and foreign revenues are as follows:

 

years ended December 31
(in millions)

 

2024

 

 

2023

 

 

2022

 

Domestic

 

$

6,487

 

 

$

6,707

 

 

$

6,078

 

Foreign

 

 

49

 

 

 

70

 

 

 

83

 

Total

 

$

6,536

 

 

$

6,777

 

 

$

6,161