2026 BUSINESS ACQUISITIONS — During the second quarter of 2026, we acquired aggregates operations in Colorado and Texas for total cash consideration of $75.0 million. This acquisition was not material to either our results of operations or financial position and is reported in our consolidated financial statements as of its acquisition date. As a result of the acquisition, we recognized $8.6 million of amortizable intangible assets. The amortizable intangible assets will be amortized against earnings over a weighted-average of approximately 20 years and will be deductible for income tax purposes over 15 years.

During the second quarter of 2026, we sold our ready-mixed concrete operations in California and our aggregates and ready-mixed concrete operations in the U.S. Virgin Islands for combined proceeds of $722.1 million ($572.1 million cash and a $150.0 million note due December 2027). These transactions resulted in a combined immaterial loss of $13.2 million and sharpen our focus on aggregates serving metropolitan markets in the United States that are expected to experience the most significant growth in population, households and employment.

During the first quarter of 2025, we sold non-strategic aggregates locations in rural West Texas with limited reserves resulting in an immaterial gain.

During the fourth quarter of 2025, we entered into an agreement to sell our ready-mixed concrete operations in California, which were subsequently sold during the second quarter of 2026. These assets and liabilities were presented as held for sale in the accompanying Condensed Balance Sheet at December 31, 2025. The estimated fair value less cost to sell exceeded the carrying value of the assets and liabilities held for sale. The carrying value of the major classes of assets and liabilities classified as held for sale were as follows:



in millions	June 30 2026		December 31 2025		June 30 2025

Held for Sale
Inventory	$	0.0	$	5.9	$	0.0
Land and land improvements, net	0.0		138.1		0.0
Buildings, machinery and equipment, net	0.0		150.2		0.0
Operating leases, net	0.0		27.5		0.0
Finance leases, net	0.0		6.2		0.0
Amortizable intangible assets, net	0.0		379.7		0.0
Other assets, net	0.0		0.9		0.0
Total assets held for sale	$	0.0	$	708.5	$	0.0
Current operating lease liabilities	$	0.0	$	(4.6)	$	0.0
Current finance lease liabilities	0.0		(1.8)		0.0
Noncurrent operating lease liabilities	0.0		(22.3)		0.0
Noncurrent finance lease liabilities	0.0		(0.6)		0.0

Total liabilities held for sale	$	0.0	$	(29.3)	$	0.0