Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2012

Changes In Accumulated Other Comprehensive Loss, Net Of Tax

Changes in accumulated other comprehensive loss, net of tax, are as follows:


	Three Months Ended September 30, 2012
	(Dollars in Thousands)
	Pension and Postretirement Benefit Plans			Foreign Currency		Unamortized Value of Terminated Forward Starting Interest Rate Swap			Accumulated Other Comprehensive Loss
Balance at beginning of period	$	(81,407	)	$	5,222	$	(4,455	)	$	(80,640	)
Other comprehensive earnings, net of tax		1,568			1,435		157			3,160

Balance at end of period	$	(79,839	)	$	6,657	$	(4,298	)	$	(77,480	)


	Nine Months Ended September 30, 2012
	(Dollars in Thousands)
	Pension and Postretirement Benefit Plans			Foreign Currency		Unamortized Value of Terminated Forward Starting Interest Rate Swap			Accumulated Other Comprehensive Loss
Balance at beginning of period	$	(84,204	)	$	5,076	$	(4,762	)	$	(83,890	)
Other comprehensive earnings, net of tax		4,365			1,581		464			6,410

Balance at end of period	$	(79,839	)	$	6,657	$	(4,298	)	$	(77,480	)

Noncurrent Deferred Tax Assets Recorded In Accumulated Other Comprehensive Loss

Changes in net noncurrent deferred tax assets recorded in accumulated other comprehensive loss are as follows:


	Three Months Ended September 30, 2012
	(Dollars in Thousands)
	Pension and Postretirement Benefit Plans			Unamortized Value of Terminated Forward Starting Interest Rate Swap			Net Noncurrent Deferred Tax Assets
Balance at beginning of period	$	53,328		$	2,915		$	56,243
Tax effect of other comprehensive earnings		(1,026	)		(103	)		(1,129	)

Balance at end of period	$	52,302		$	2,812		$	55,114


	Nine Months Ended September 30, 2012
	(Dollars in Thousands)
	Pension and Postretirement Benefit Plans			Unamortized Value of Terminated Forward Starting Interest Rate Swap			Net Noncurrent Deferred Tax Assets
Balance at beginning of period	$	55,161		$	3,116		$	58,277
Tax effect of other comprehensive earnings		(2,859	)		(304	)		(3,163	)

Balance at end of period	$	52,302		$	2,812		$	55,114

Basic And Diluted Earnings Per Common Share

The following table reconciles the numerator and denominator for basic and diluted earnings per common share:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
	(In Thousands)
Net earnings from continuing operations attributable to Martin Marietta Materials, Inc.	$	63,040		$	49,160		$	63,335		$	69,953
Less: Distributed and undistributed earnings attributable to unvested awards		336			378			386			557

Basic and diluted net earnings available to common shareholders from continuing operations attributable to Martin Marietta Materials, Inc.		62,704			48,782			62,949			69,396
Basic and diluted net loss available to common shareholders from discontinued operations		(118	)		(4	)		(395	)		(2,412	)

Basic and diluted net earnings available to common shareholders attributable to Martin Marietta Materials, Inc.	$	62,586		$	48,778		$	62,554		$	66,984

Basic weighted-average common shares outstanding		45,860			45,690			45,792			45,634
Effect of dilutive employee and director awards		132			109			137			149

Diluted weighted-average common shares outstanding		45,992			45,799			45,929			45,783

Parent

Comprehensive Earnings Attributable to Martin Marietta Materials Inc

Comprehensive earnings attributable to Martin Marietta Materials, Inc. consist of the following:


	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012		2011
	(Dollars in Thousands)
Net earnings attributable to Martin Marietta Materials, Inc.	$	62,922	$	49,156		$	62,940	$	67,541
Other comprehensive earnings (loss), net of tax		3,160		(240	)		6,410		4,100

Consolidated comprehensive earnings attributable to Martin Marietta Materials, Inc.	$	66,082	$	48,916		$	69,350	$	71,641

Noncontrolling Interest

Comprehensive Earnings Attributable to Martin Marietta Materials Inc

Comprehensive earnings attributable to noncontrolling interests consist of net earnings and adjustments for the funding status of pension and postretirement benefit plans as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
	(Dollars in Thousands)
Net earnings attributable to noncontrolling interests	$	747	$	1,176	$	863	$	949
Other comprehensive earnings, net of tax		3		1		10		3

Consolidated comprehensive earnings attributable to noncontrolling interests	$	750	$	1,177	$	873	$	952

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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