v3.25.2
Segment information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment information
13. Segment information
The Company has the following three operating and reportable segments:
Americas Materials Solutions;
Americas Building Solutions; and
International Solutions
The Americas Materials Solutions segment provides solutions for the construction and maintenance of public infrastructure, commercial and residential buildings in North America. The primary materials produced by this segment include aggregates, cement, readymixed concrete and asphalt. This segment also provides paving and construction services for customers.
The Americas Building Solutions segment manufactures, supplies and delivers solutions for the built environment in communities across North America. Our subsidiaries within this segment offer building and infrastructure solutions serving complex critical infrastructure (such as water, energy, transportation and telecommunications projects) and outdoor living solutions for enhancing private and public spaces.
The International Solutions segment provides integrated building solutions across Europe and Australia. The business integrates materials, products, and services to provide complete building solutions for use in the construction and renovation of critical infrastructure, commercial and residential buildings and outdoor living spaces.
Adjusted EBITDA is defined as earnings from continuing operations before interest, taxes, depreciation, depletion, amortization, loss on impairments, gain/loss on divestitures and gain/loss on investments, income/loss from equity method investments, substantial acquisition-related costs and pension expense/income excluding current service cost component.
The key performance measures and segment expenses for the Company’s reportable segments were:
Three months ended June 30, 2025
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Revenue4,5092,1593,53810,206
Less:
    Labor9483856481,981
    Energy costs 20832257497
    Other segment items (i)2,1121,2411,9125,265
Adjusted EBITDA1,2415017212,463

Three months ended June 30, 2024
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Revenue4,4062,1163,1329,654
Less:
    Labor9183645751,857
    Energy costs 20032238470
    Other segment items (i)2,0951,2441,7335,072
Adjusted EBITDA1,1934765862,255

Six months ended June 30, 2025
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Revenue6,7523,8416,36916,962
Less:
    Labor1,7027601,3053,767
    Energy costs 34864477889
    Other segment items (i)3,4022,2293,7179,348
Adjusted EBITDA1,3007888702,958
Six months ended June 30, 2024
in $ millionsAmericas Materials SolutionsAmericas Building SolutionsInternational SolutionsTotal
Revenue6,6083,8095,77016,187
Less:
    Labor1,6267211,1573,504
    Energy costs 33664464864
    Other segment items (i)3,4382,2403,4419,119
Adjusted EBITDA1,2087847082,700

(i)    The nature of other segment items is similar for each segment and primarily includes raw materials, haulage costs, subcontractor costs and other Selling, general and administrative expenses. The composition of other segment items is such that at a segment level none of these items is individually significant in determining segment performance.

Three months endedSix months ended
June 30June 30
in $ millions2025202420252024
Adjusted EBITDA2,4632,2552,9582,700
Depreciation, depletion and amortization(528)(424)(1,005)(821)
Interest income30366779
Interest expense(200)(155)(381)(288)
(Loss) gain on divestitures and investments (i)(16)23(42)183
Pension income excluding current service cost component (i)5192
Other interest, net (i)2(1)4(1)
Substantial acquisition-related costs–(2)–(22)
Income from operations before income tax expense and income from equity method investments1,7561,7331,6101,832
(i)    (Loss) gain on divestitures and investments, pension income excluding current service cost component and other interest, net have been included in Other nonoperating (expense) income, net in the Condensed Consolidated Statements of Income.

Depreciation, depletion and amortization for each of the segments were:
Three months endedSix months ended
June 30June 30
in $ millions2025202420252024
Americas Materials Solutions235208455398
Americas Building Solutions9784188164
International Solutions196 132 362 259 
Total depreciation, depletion and amortization528 424 1,005 821 

The segment assets were:
June 30December 31June 30
in $ millions202520242024
Assets
Americas Materials Solutions22,99321,47421,226
Americas Building Solutions9,8389,0498,837
International Solutions17,09815,01113,082
Total assets for reportable segments49,92945,53443,145
Additions to property, plant and equipment and intangible assets for each of the segments were:
Six months ended
June 30
in $ millions20252024
Property, plant and equipment and intangible asset additions (i)
Americas Materials Solutions582568
Americas Building Solutions314233
International Solutions494385
Total property, plant and equipment and intangible asset additions1,3901,186
(i)     Property, plant and equipment and intangible asset additions exclude asset retirement cost additions.