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Segments (Tables)
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Financial Data for Continuing Operation for Company's Reportable Segments

The following tables display selected financial data for the Company’s reportable segments. Total revenues, as well as the consolidated statements of earnings and comprehensive earnings, reflect the elimination of intersegment revenues.

 

years ended December 31

(in millions)

Total revenues

 

2020

 

 

2019

 

 

2018

 

East Group

 

$

1,949.1

 

 

$

1,949.0

 

 

$

1,643.1

 

West Group

 

 

2,538.1

 

 

 

2,518.8

 

 

 

2,313.5

 

Total Building Materials business

 

 

4,487.2

 

 

 

4,467.8

 

 

 

3,956.6

 

Magnesia Specialties

 

 

242.7

 

 

 

271.3

 

 

 

287.7

 

Total

 

$

4,729.9

 

 

$

4,739.1

 

 

$

4,244.3

 

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

619.4

 

 

$

605.7

 

 

$

442.9

 

West Group

 

 

540.4

 

 

 

474.9

 

 

 

417.4

 

Total Building Materials business

 

 

1,159.8

 

 

 

1,080.6

 

 

 

860.3

 

Magnesia Specialties

 

 

85.5

 

 

 

95.4

 

 

 

98.7

 

Corporate

 

 

7.5

 

 

 

3.0

 

 

 

7.6

 

Total

 

$

1,252.8

 

 

$

1,179.0

 

 

$

966.6

 

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

99.2

 

 

$

84.7

 

 

$

74.5

 

West Group

 

 

135.7

 

 

 

116.3

 

 

 

107.6

 

Total Building Materials business

 

 

234.9

 

 

 

201.0

 

 

 

182.1

 

Magnesia Specialties

 

 

14.1

 

 

 

11.3

 

 

 

10.0

 

Corporate

 

 

56.9

 

 

 

90.4

 

 

 

88.5

 

Total

 

$

305.9

 

 

$

302.7

 

 

$

280.6

 

 

Earnings (Loss) from operations

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

522.1

 

 

$

527.3

 

 

$

393.1

 

West Group

 

 

471.3

 

 

 

366.9

 

 

 

297.7

 

Total Building Materials business

 

 

993.4

 

 

 

894.2

 

 

 

690.8

 

Magnesia Specialties

 

 

70.7

 

 

 

83.6

 

 

 

88.1

 

Corporate

 

 

(58.7

)

 

 

(92.9

)

 

 

(88.2

)

Total

 

$

1,005.4

 

 

$

884.9

 

 

$

690.7

 

 

Earnings from operations for the West Group include nonrecurring gains on sales of investment land and divested assets of $69.9 million in 2020 and an asset and portfolio rationalization charge of $18.8 million in 2018.

 

December 31

(in millions)

Assets employed

 

2020

 

 

2019

 

 

2018

 

East Group

 

$

4,342.5

 

 

$

4,320.6

 

 

$

4,086.8

 

West Group

 

 

5,355.5

 

 

 

5,321.9

 

 

 

4,990.8

 

Total Building Materials business

 

 

9,698.0

 

 

 

9,642.5

 

 

 

9,077.6

 

Magnesia Specialties

 

 

167.9

 

 

 

176.2

 

 

 

156.1

 

Corporate

 

 

714.9

 

 

 

312.9

 

 

 

317.7

 

Total

 

$

10,580.8

 

 

$

10,131.6

 

 

$

9,551.4

 

 

 

years ended December 31

(in millions)

Depreciation, depletion and amortization

 

2020

 

 

2019

 

 

2018

 

East Group

 

$

167.9

 

 

$

158.0

 

 

$

134.8

 

West Group

 

 

196.6

 

 

 

183.3

 

 

 

180.9

 

Total Building Materials business

 

 

364.5

 

 

 

341.3

 

 

 

315.7

 

Magnesia Specialties

 

 

11.5

 

 

 

10.2

 

 

 

10.4

 

Corporate

 

 

17.5

 

 

 

20.0

 

 

 

17.9

 

Total

 

$

393.5

 

 

$

371.5

 

 

$

344.0

 

 

Total property additions, including the impact of acquisitions

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

159.0

 

 

$

172.9

 

 

$

1,760.2

 

West Group

 

 

197.9

 

 

 

182.7

 

 

 

148.1

 

Total Building Materials business

 

 

356.9

 

 

 

355.6

 

 

 

1,908.3

 

Magnesia Specialties

 

 

13.5

 

 

 

20.0

 

 

 

12.5

 

Corporate

 

 

16.8

 

 

 

12.0

 

 

 

4.8

 

Total

 

$

387.2

 

 

$

387.6

 

 

$

1,925.6

 

 

Property additions through acquisitions

 

 

 

 

 

 

 

 

 

 

 

 

East Group

 

$

 

 

$

 

 

$

1,541.8

 

West Group

 

 

20.0

 

 

 

 

 

 

1.4

 

Total Building Materials business

 

 

20.0

 

 

 

 

 

 

1,543.2

 

Magnesia Specialties

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

Total

 

$

20.0

 

 

$

 

 

$

1,543.2