ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2026

Significant Accounting Policies [Line Items]

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table reconciles cash, cash equivalents and restricted cash as reported on the consolidated balance sheets to the aggregated amounts presented on the consolidated statements of cash flows:


		June 30,				December 31,
(in millions)		2026				2025
Cash and cash equivalents		$	112			$	67
Restricted cash			8				—
Total cash, cash equivalents and restricted cash presented in the consolidated statements of cash flows		$	120			$	67

Consolidated Comprehensive Earnings

Consolidated comprehensive earnings attributable to Martin Marietta are as follows:


		Three Months Ended								Six Months Ended
		June 30,								June 30,
(in millions)		2026				2025				2026				2025
Net earnings attributable to Martin Marietta		$	251			$	328			$	1,764			$	444
Other comprehensive earnings, net of tax			41				3				34				4
Consolidated comprehensive earnings attributable to Martin Marietta		$	292			$	331			$	1,798			$	448

Changes in Accumulated Other Comprehensive Earnings (Loss) Net of Tax

The components of the changes in accumulated other comprehensive earnings (loss), net of tax, are as follows:



		Pension and Postretirement Benefit Plans				Foreign Currency				Accumulated Other Comprehensive Earnings (Loss)
(in millions)		Three Months Ended June 30, 2026
Balance at beginning of period		$	63			$	(10	)		$	53
Other comprehensive earnings (loss) before reclassifications, net of tax			48				(8	)			40
Amounts reclassified from accumulated other comprehensive earnings, net of tax			1				—				1
Other comprehensive earnings (loss), net of tax			49				(8	)			41
Balance at end of period		$	112			$	(18	)		$	94

		Three Months Ended June 30, 2025
Balance at beginning of period		$	(8	)		$	(4	)		$	(12	)
Other comprehensive earnings before reclassifications, net of tax			—				2				2
Amounts reclassified from accumulated other comprehensive loss, net of tax			1				—				1
Other comprehensive earnings, net of tax			1				2				3
Balance at end of period		$	(7	)		$	(2	)		$	(9	)


		Pension and Postretirement Benefit Plans				Foreign Currency				Accumulated Other Comprehensive Earnings (Loss)
(in millions)		Six Months Ended June 30, 2026
Balance at beginning of period		$	62			$	(2	)		$	60
Other comprehensive earnings (loss) before reclassifications, net of tax			48				(16	)			32
Amounts reclassified from accumulated other comprehensive earnings, net of tax			2				—				2
Other comprehensive earnings (loss), net of tax			50				(16	)			34
Balance at end of period		$	112			$	(18	)		$	94

		Six Months Ended June 30, 2025
Balance at beginning of period		$	(9	)		$	(4	)		$	(13	)
Other comprehensive earnings before reclassifications, net of tax			—				2				2
Amounts reclassified from accumulated other comprehensive loss, net of tax			2				—				2
Other comprehensive earnings, net of tax			2				2				4
Balance at end of period		$	(7	)		$	(2	)		$	(9	)

The $48 million, net of tax, other comprehensive earnings before reclassifications in the Pension and Postretirement Benefit Plans for the three and six months ended June 30, 2026 reflects the remeasurement of the funded status of the Company’s qualified pension plan, required as a result of a curtailment event (see Note H).

Noncurrent Deferred Tax Assets Recorded in Accumulated Other Comprehensive Earnings (Loss)

Changes in net noncurrent deferred tax assets related to accumulated other comprehensive earnings (loss) are as follows:


		Pension and Postretirement Benefit Plans
		Three Months Ended								Six Months Ended
		June 30,								June 30,
(in millions)		2026				2025				2026				2025
Balance at beginning of period		$	17			$	40			$	18			$	41
Tax effect of other comprehensive earnings			(15	)			—				(16	)			(1	)
Balance at end of period		$	2			$	40			$	2			$	40

Reclassification Out of Accumulated Other Comprehensive Earnings (loss)

Reclassifications out of accumulated other comprehensive earnings (loss) are as follows:


		Three Months Ended								Six Months Ended								Affected line items in the consolidated
		June 30,								June 30,								statements of earnings
(in millions)		2026				2025				2026				2025				and comprehensive earnings
Pension and postretirement benefit plans
Curtailment gain		$	(5	)		$	—			$	(5	)		$	—
Settlement charge			5				—				5				—
Amortization of:
Prior service cost			1				1				3				3
Actuarial loss			—				—				1				—
			1				1				4				3			Other nonoperating income, net
Tax effect			—				—				(2	)			(1	)		Income tax expense
Total		$	1			$	1			$	2			$	2

Basic and Diluted Earnings from Continuing Operations Per Common Share

The following table reconciles the denominator for basic and diluted earnings from continuing operations per common share:


		Three Months Ended								Six Months Ended
		June 30,								June 30,
(in millions)		2026				2025				2026				2025
Basic weighted-average common shares outstanding			60.1				60.3				60.2				60.6
Effect of dilutive employee and director awards			0.1				0.1				0.1				0.1
Diluted weighted-average common shares outstanding			60.2				60.4				60.3				60.7