v3.26.1
Segment information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting The key performance indicators for the Company’s reportable segments are presented in the following table.
Certain totals presented below may not agree with the line items on the unaudited condensed consolidated
statements of operations primarily due to (i) depreciation, depletion, accretion and amortization and (ii)
unallocated corporate costs.
For the three months
For the six months
ended June 30,
ended June 30,
(In millions)
2026
2025
2026
2025
Revenues:
Building Materials
$2,445
$2,259
$3,948
$3,600
Building Envelope
1,049
959
1,727
1,707
Total Revenues
$3,494
$3,218
$5,675
$5,307
Cost of revenues:
Building Materials
$1,554
$1,436
$2,798
$2,560
Building Envelope
718
627
1,226
1,138
Total cost of revenues
$2,272
$2,063
$4,024
$3,698
Other segment expenses(1):
Building Materials
$98
$69
$190
$154
Building Envelope
94
82
183
196
Total other segment expenses
$192
$151
$373
$350
Segment Adjusted EBITDA:
Building Materials
$793
$754
$960
$886
Building Envelope
237
250
318
373
Total Segment Adjusted EBITDA
$1,030
$1,004
$1,278
$1,259
_________
(1)Other segment expenses consist of selling, general and administrative expenses, and gains on disposals of long-lived assets.
For the three months
For the six months
ended June 30,
ended June 30,
(In millions)
2026
2025
2026
2025
Total Segment Adjusted EBITDA
$1,030
$1,004
$1,278
$1,259
Reconciling items:
Depreciation, depletion, accretion and amortization
(257)
(226)
(494)
(444)
Interest income
5
22
13
36
Interest expense
(94)
(143)
(180)
(275)
Acquisition and integration-related costs(1)
(10)
(17)
(28)
(21)
Litigation-related settlements (costs)(2)
5
(4)
3
(4)
Loss on impairments(3)
(2)
(2)
(2)
(2)
Restructuring and other costs(4)
(5)
(9)
(8)
(9)
Spin-off and separation-related costs(5)
(6)
(17)
(10)
(25)
Unallocated corporate costs
(44)
(72)
(100)
(102)
Other non-operating income, net(6)
(1)
1
1
2
Total reconciling items
(409)
(467)
(805)
(844)
Income before income tax expense and income from
equity method investments
$621
$537
$473
$415
_________
(1)Acquisition and integration-related costs are those incurred for business combinations (including advisory, legal, valuation, and other
professions fees) as well as the unfavorable effects of purchase accounting. Certain warranty charges related to pre-acquisition
manufacturing issues are also included.
(2)Litigation-related settlements (costs) include certain litigation settlements, environmental remediation, and legal-related consulting and
professional fees that are not representative of expenses arising in the ordinary course of business.
(3)Loss on impairments consist of one-time charges on the Company’s investments and property, plant, and equipment.
(4)Restructuring and other costs include charges associated with non-core sites and termination-related severance costs
(5)Spin-Off and separation-related costs notably include rebranding costs and professional services supporting Sarbanes-Oxley
implementation efforts.
(6)Other non-operating income, net primarily consists of costs related to gains on proceeds from property and casualty insurance.
The Company’s capital expenditures by segment were as follows:
For the three months
For the six months
ended June 30,
ended June 30,
(In millions)
2026
2025
2026
2025
Capital expenditures(1):
Building Materials
$189
$202
$395
$388
Building Envelope
55
33
125
60
Total capital expenditures
$244
$235
$520
$448
__________________
(1)Capital expenditures for the three and six months ended June 30, 2026 and 2025 exclude noncash transactions for capital expenditure-
related accounts payable.
Schedule of Segment Reporting, Reconciliation of Asset by Segment to Consolidated The Company’s assets by segment were as follows:
As of
As of
(In millions)
June 30, 2026
December 31, 2025
Segment assets(1):
Building Materials
$15,752
$14,939
Building Envelope
7,433
6,973
Total segment assets
23,185
21,912
Other assets(2)
1,418
2,297
Total assets
$24,603
$24,209
__________________
(1)Segment assets are comprised of Accounts receivable, net, Inventories, net, Property, plant and equipment, net, Goodwill, Intangible
assets, net, and Operating lease right-of-use assets, net.
(2)Other assets are mainly comprised of Cash and cash equivalents, Other current and noncurrent assets, and corporate assets.