REVENUES AND GROSS PROFIT

6 Months Ended

Jun. 30, 2026

Revenues And Gross Profit [Abstract]

NOTE K: REVENUES AND GROSS PROFIT

The following tables, which are reconciled to consolidated amounts and reflect continuing operations only, provide revenues and gross profit (loss) by line of business: Building Materials (further divided by product line) and Specialties. Interproduct revenues represent sales from the aggregates product line to the Company's other building materials product line, namely, asphalt and paving operations and ready mixed concrete.


	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in millions)	2026			2025			2026			2025
Revenues
Building Materials business:
Aggregates	$	1,533		$	1,320		$	2,675		$	2,322
Other Building Materials		303			271			420			393
Less: interproduct revenues		(41	)		(72	)		(80	)		(121	)
Total Building Materials business		1,795			1,519			3,015			2,594
Specialties		152			90			294			177
Total	$	1,947		$	1,609		$	3,309		$	2,771

Gross profit (loss)
Building Materials business:
Aggregates	$	418		$	430		$	706		$	726
Other Building Materials		34			39			18			21
Total Building Materials business		452			469			724			747
Specialties		50			36			95			74
Corporate		(7	)		(9	)		(14	)		(10	)
Total	$	495		$	496		$	805		$	811

Performance Obligations

Performance obligations are contractual promises to transfer or provide a distinct good or service for a stated price. The Company’s product sales agreements are single-performance obligations that are satisfied at a point in time. Performance obligations within paving service agreements are satisfied over time, primarily ranging from one day to two years. Customer payments for the paving operations are generally based on contractual billing schedules and may, in certain circumstances, be contingent upon receipt of payment by the customer.

Future revenues from unsatisfied performance obligations at June 30, 2026 and 2025 were $240 million and $252 million, respectively, where the remaining periods to complete these obligations ranged from one month to 52 months and one month to 30 months, respectively.

Service Revenues

Service revenues were $107 million and $102 million for the three months ended June 30, 2026 and 2025, respectively, and reported in the West Group. Service revenues for the six months ended June 30, 2026 and 2025 were $126 million and $137 million, respectively. Service revenues include paving operations in Colorado and British Columbia. The British Columbia paving operations were acquired on February 23, 2026. During the three and six months ended June 30, 2025, service revenues also included the Company's California paving operations, which were divested in April 2025.