
	For the three months ended March 31, 2025			For the three months ended March 31, 2026
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised
Revenues	$2,081	$8	$2,089	$2,178	$3	$2,181
Cost of revenues	(1,859)	7	(1,852)	(1,967)	(6)	(1,973)
Gross profit	222	15	237	211	(3)	208
Selling, general and administrative expenses	(239)	(4)	(243)	(292)	7	(285)
Gain on disposal of long-lived assets	1	—	1	5	—	5
Operating loss	(16)	11	(5)	(76)	4	(72)
Interest expense, net	(118)	—	(118)	(70)	(8)	(78)
Other non-operating income, net	1	—	1	1	1	2
Loss before income tax benefit	(133)	11	(122)	(145)	(3)	(148)
Income tax benefit	46	(18)	28	27	14	41
Net loss	(87)	(7)	(94)	(118)	11	(107)
Net loss attributable to noncontrolling interests	—	—	—	2	—	2
Net loss attributable to the Company	$(87)	$(7)	$(94)	$(116)	$11	$(105)

Loss per share attributable to the Company:
Basic	$(0.16)	$(0.01)	$(0.17)	$(0.21)	$0.02	$(0.19)
Diluted	$(0.16)	$(0.01)	$(0.17)	$(0.21)	$0.02	$(0.19)
Weighted-average number of shares outstanding:
Basic	553.1	—	553.1	553.2	—	553.2
Diluted	553.1	—	553.1	553.2	—	553.2


	For the three months ended June 30, 2025			For the six months ended June 30, 2025
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised
Revenues	$3,220	$(2)	$3,218	$5,301	$6	$5,307
Cost of revenues	(2,254)	(23)	(2,277)	(4,113)	(16)	(4,129)
Gross profit	966	(25)	941	1,188	(10)	1,178
Selling, general and administrative expenses	(299)	13	(286)	(538)	9	(529)
Gain on disposal of long-lived assets	4	—	4	5	—	5
Loss on impairments	(2)	—	(2)	(2)	—	(2)
Operating income	669	(12)	657	653	(1)	652
Interest expense, net	(121)	—	(121)	(239)	—	(239)
Other non-operating income, net	1	—	1	2	—	2
Income before income tax expense	549	(12)	537	416	(1)	415
Income tax expense	(122)	—	(122)	(76)	(18)	(94)
Income from equity method investments	1	—	1	1	—	1
Net income	428	(12)	416	341	(19)	322
Net loss attributable to noncontrolling interests	1	—	1	1	—	1
Net income attributable to the Company	$429	$(12)	$417	$342	$(19)	$323

Earnings per share attributable to the Company:
Basic	$0.78	$(0.03)	$0.75	$0.62	$(0.04)	$0.58
Diluted	$0.78	$(0.03)	$0.75	$0.62	$(0.04)	$0.58
Weighted-average number of shares outstanding:
Basic	553.1	—	553.1	553.1	—	553.1
Diluted	553.1	—	553.1	553.1	—	553.1


	For the three months ended March 31, 2025			For the three months ended March 31, 2026
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised
Net loss	$(87)	$(7)	$(94)	$(118)	$11	$(107)
Other comprehensive income (loss), net of tax:
Foreign currency translation	16	—	16	(64)	—	(64)
Net change in fair value of effective portion of cash flow hedges, net of tax	2	6	8	13	—	13
Actuarial (losses) gains and prior service (costs) credits for pension and other postretirement plans, net of tax	(1)	—	(1)	(2)	—	(2)
Total other comprehensive income (loss), net of tax	17	6	23	(53)	—	(53)
Total comprehensive loss	(70)	(1)	(71)	(171)	11	(160)
Comprehensive (income) loss attributable to noncontrolling interests	—	—	—	2	—	2
Comprehensive loss attributable to the Company	$(70)	$(1)	$(71)	$(169)	$11	$(158)


	For the three months ended June 30, 2025			For the six months ended June 30, 2025
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised
Net income	$428	$(12)	$416	$341	$(19)	$322
Other comprehensive income (loss), net of tax:
Foreign currency translation	222	—	222	238	—	238
Net change in fair value of effective portion of cash flow hedges, net of tax	5	(6)	(1)	7	—	7
Actuarial (losses) gains and prior service (costs) credits for pension and other postretirement plans, net of tax	(1)	—	(1)	(2)	—	(2)
Total other comprehensive income (loss), net of tax	226	(6)	220	243	—	243
Total comprehensive income	654	(18)	636	584	(19)	565
Comprehensive (income) loss attributable to noncontrolling interests	1	—	1	1	—	1
Comprehensive income attributable to the Company	$655	$(18)	$637	$585	$(19)	$566


	As of December 31,
	2025
(in millions)	As reported	Adj	As revised
Assets
Current Assets:
Cash and cash equivalents	$1,922	$—	$1,922
Accounts receivable, net	1,120	(7)	1,113
Inventories, net	1,551	(61)	1,490
Prepaid expenses and other current assets	88	—	88
Total current assets	4,681	(68)	4,613
Property, plant and equipment, net	7,935	1	7,936
Goodwill	9,020	24	9,044
Intangible assets, net	1,728	—	1,728
Operating lease right-of-use assets, net	608	7	615
Other noncurrent assets	277	(4)	273
Total Assets	$24,249	$(40)	$24,209
Liabilities and Equity
Current Liabilities:
Accounts payable	$1,538	$(8)	$1,530
Current portion of long-term debt	333	—	333
Operating lease liabilities	136	—	136
Other current liabilities	850	36	886
Total current liabilities	2,857	28	2,885
Long-term debt	4,936	—	4,936
Deferred income tax liabilities	1,048	(6)	1,042
Noncurrent operating lease liabilities	500	—	500
Other noncurrent liabilities	1,654	71	1,725
Total Liabilities	10,995	93	11,088
Commitments and contingencies (see Note 18)
Equity
Common stock, par value of $0.01 per share, 680,250,615 shares authorized, 566,875,513 issued and 553,082,525 outstanding as of December 31, 2025	6	—	6
Additional paid-in capital	12,741	(172)	12,569
Retained earnings	902	28	930
Treasury stock, 13,792,988 shares as of December 31, 2025	—	—	—
Accumulated other comprehensive loss	(391)	11	(380)
Total equity attributable to the Company	13,258	(133)	13,125
Noncontrolling interests	(4)	—	(4)
Total Equity	13,254	(133)	13,121
Total Liabilities and Equity	$24,249	$(40)	$24,209


	For the three months ended March 31, 2025			For the three months ended March 31, 2026
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised
Cash Flows from Operating Activities:
Net (loss) income	$(87)	$(7)	$(94)	$(118)	$11	$(107)
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation, depletion, accretion and amortization	218	2	220	236	1	237
Share-based compensation	1	—	1	9	—	9
Deferred tax benefit	—	6	6	(17)	(3)	(20)
Other items, net	29	6	35	24	2	26
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable, net	(310)	23	(287)	(223)	14	(209)
Due from related party	13	—	13	—	—	—
Inventories, net	(121)	12	(109)	16	(13)	3
Accounts payable	(198)	(15)	(213)	(521)	11	(510)
Due to related party	78	(16)	62	—	—	—
Other assets	(44)	(28)	(72)	(159)	(6)	(165)
Other liabilities	(429)	26	(403)	(136)	(14)	(150)
Defined benefit pension plans and other postretirement benefit plans	(6)	—	(6)	(7)	—	(7)
Net cash used in operating activities	$(856)	$9	$(847)	$(896)	$3	$(893)
Cash Flows from Investing Activities:
Purchases of property, plant and equipment	(211)	(2)	(213)	(272)	(3)	(275)
Net cash used in investing activities	$(60)	$(2)	$(62)	$(659)	$(3)	$(662)
Cash Flows from Financing Activities:
Net transfers to Parent	(89)	(7)	(96)	—	—	—
Net cash provided by (used in) financing activities	$(97)	$(7)	$(104)	$743	$—	$743


	For the six months ended June 30, 2025
(in millions)	As reported	Adj	As revised
Cash Flows from Operating Activities:
Net loss	$341	$(19)	$322
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, depletion and amortization	439	5	444
Share-based compensation	3	—	3
Deferred tax (benefit) expense	(11)	9	(2)
Other items, net	59	(5)	54
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable, net	(849)	22	(827)
Due from related-party	49	—	49
Inventories	(128)	20	(108)
Accounts payable	27	(9)	18
Due to related-party	(80)	(16)	(96)
Other assets	(91)	(24)	(115)
Other liabilities	(196)	26	(170)
Defined benefit pension plans and other postretirement benefit plans	(13)	—	(13)
Net cash used in operating activities	$(450)	$9	$(441)
Cash Flows from Investing Activities:
Purchases of property, plant and equipment	(446)	(2)	(448)
Net cash used in investing activities	$(9)	$(2)	$(11)
Cash Flows from Financing Activities:
Net transfers to Parent	(91)	(7)	(98)
Net cash used in financing activities	$(559)	$(7)	$(566)


	Net parent			Accumulated other comprehensive			Equity attributable to			Total
	investment			loss			noncontrolling interest			equity
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised
Balance as of December 31, 2024	$10,521	$(146)	$10,375	$(606)	$11	$(595)	$(1)	$—	$(1)	$9,914	$(135)	$9,779
Net loss	(87)	(7)	(94)	—	—	—	—	—	—	(87)	(7)	(94)
Other comprehensive income, net of taxes	—	—	—	17	6	23	—	—	—	17	6	23
Net transfers to Holcim	(94)	(7)	(101)	—	—	—	—	—	—	(94)	(7)	(101)
Changes in equity attributable to noncontrolling interests	(1)	—	(1)	—	—	—	1	—	1	—	—	—
Balance as of March 31, 2025	$10,339	$(160)	$10,179	$(589)	$17	$(572)	$—	$—	$—	$9,750	$(143)	$9,607


	Common			Additional			Retained			Net parent
	stock			paid-in capital			earnings			investment
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised
Balance as of March 31, 2025	$—	$—	$—	$—	$—	$—	$—	$—	$—	$10,339	$(160)	$10,179
Net income (loss)	—	—	—	—	—	—	59	—	59	370	(12)	358
Other comprehensive income, net of taxes	—	—	—	—	—	—	—	—	—	—	—	—
Changes in equity attributable to noncontrolling interests	—	—	—	—	—	—	—	—	—	—	—	—
Net transfers from Holcim including Spin-Off related adjustments	—	—	—	—	—	—	—	—	—	2,027	—	2,027
Issuance of Common stock, Treasury stock, and reclassification of Net parent investment	6	—	6	12,730	(172)	12,558	—	—	—	(12,736)	172	(12,564)
Balance as of June 30, 2025	$6	$—	$6	$12,730	$(172)	$12,558	$59	$—	$59	$—	$—	$—


	Accumulated other comprehensive			Equity attributable to			Total
	income			noncontrolling interest			equity
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised
Balance as of March 31, 2025	$(589)	$17	$(572)	$—	$—	$—	$9,750	$(143)	$9,607
Net income (loss)	—	—	—	(1)	—	(1)	428	(12)	416
Other comprehensive income, net of taxes	226	(6)	220	—	—	—	226	(6)	220
Changes in equity attributable to noncontrolling interests	—	—	—	—	—	—	—	—	—
Net transfers from Holcim including Spin-Off related adjustments	2	—	2	—	—	—	2,029	—	2,029
Issuance of Common stock, Treasury stock, and reclassification of Net parent investment	—	—	—	—	—	—	—	—	—
Balance as of June 30, 2025	$(361)	$11	$(350)	$(1)	$—	$(1)	$12,433	$(161)	$12,272


	Common			Additional			Retained			Net parent
	stock			paid-in capital			earnings			investment
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised
Balance as of December 31, 2024	$—	$—	$—	$—	$—	$—	$—	$—	$—	$10,521	$(146)	$10,375
Net income (loss)	—	—	—	—	—	—	59	—	59	283	(19)	264
Other comprehensive income, net of taxes	—	—	—	—	—	—	—	—	—	—	—	—
Changes in equity attributable to noncontrolling interests	—	—	—	—	—	—	—	—	—	(1)	—	(1)
Net transfers from Parent including Spin-off- related adjustments	—	—	—	—	—	—	—	—	—	1,933	(7)	1,926
Issuance of Common stock, Treasury stock and reclassification of Net parent investment	6	—	6	12,730	(172)	12,558	—	—	—	(12,736)	172	(12,564)
Balance as of June 30, 2025	$6	$—	$6	$12,730	$(172)	$12,558	$59	$—	$59	$—	$—	$—


	Accumulated other comprehensive			Equity attributable to			Total
	income			noncontrolling interest			equity
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised
Balance as of December 31, 2024	$(606)	$11	$(595)	$(1)	$—	$(1)	$9,914	$(135)	$9,779
Net income (loss)	—	—	—	(1)	—	(1)	341	(19)	322
Other comprehensive income, net of taxes	243	—	243	—	—	—	243	—	243
Changes in equity attributable to noncontrolling interests	—	—	—	1	—	1	—	—	—
Net transfers from Parent including Spin-off-related adjustments	2	—	2	—	—	—	1,935	(7)	1,928
Issuance of Common stock, Treasury stock and reclassification of Net parent investment	—	—	—	—	—	—	—	—	—
Balance as of June 30, 2025	$(361)	$11	$(350)	$(1)	$—	$(1)	$12,433	$(161)	$12,272


	Common			Additional			Retained			Net parent
	stock			paid-in capital			earnings			investment
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised
Balance as of December 31, 2024	$—	$—	$—	$—	$—	$—	$—	$—	$—	$10,521	$(146)	$10,375
Net income (loss)	—	—	—	—	—	—	902	28	930	283	(19)	264
Other comprehensive income, net of taxes	—	—	—	—	—	—	—	—	—	—	—	—
Changes in equity attributable to noncontrolling interests	—	—	—	—	—	—	—	—	—	(1)	—	(1)
Net transfers from Parent including Spin-off- related adjustments	—	—	—	—	—	—	—	—	—	1,933	(7)	1,926
Issuance of Common stock, Treasury stock and reclassification of Net parent investment	6	—	6	12,730	(172)	12,558	—	—	—	(12,736)	172	(12,564)
Share-based compensation expense	—	—	—	11	—	11	—	—	—	—	—	—
Balance as of December 31, 2025	$6	$—	$6	$12,741	$(172)	$12,569	$902	$28	$930	$—	$—	$—


	Accumulated other comprehensive			Equity attributable to			Total
	income			noncontrolling interest			equity
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised
Balance as of December 31, 2024	$(606)	$11	$(595)	$(1)	$—	$(1)	$9,914	$(135)	$9,779
Net income (loss)	—	—	—	(3)	—	(3)	1,182	9	1,191
Other comprehensive income, net of taxes	213	—	213	—	—	—	213	—	213
Changes in equity attributable to noncontrolling interests	—	—	—	—	—	—	(1)	—	(1)
Net transfers from Parent including Spin-off-related adjustments	2	—	2	—	—	—	1,935	(7)	1,928
Issuance of Common stock, Treasury stock and reclassification of Net parent investment	—	—	—	—	—	—	—	—	—
Share-based compensation expense	—	—	—	—	—	—	11	—	11
Balance as of December 31, 2025	$(391)	$11	$(380)	$(4)	$—	$(4)	$13,254	$(133)	$13,121


	Common			Additional			Retained
	stock			paid-in capital			earnings
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised
Balance as of December 31, 2025	$6	$—	$6	$12,741	$(172)	$12,569	$902	$28	$930
Net loss	—	—	—	—	—	—	(116)	11	(105)
Other comprehensive loss, net of taxes	—	—	—	—	—	—	—	—	—
Share-based compensation expense	—	—	—	9	—	9	—	—	—
Shares withheld for employees’ income tax obligations and other	—	—	—	(3)	—	(3)	(1)	—	(1)
Balance as of March 31, 2026	$6	$—	$6	$12,747	$(172)	$12,575	$785	$39	$824


	Accumulated other comprehensive			Equity attributable to			Total
	income			noncontrolling interest			equity
(in millions)	As reported	Adj	As revised	As reported	Adj	As revised	As reported	Adj	As revised
Balance as of December 31, 2025	$(391)	$11	$(380)	$(4)	$—	$(4)	$13,254	$(133)	$13,121
Net loss	—	—	—	(2)	—	(2)	(118)	11	(107)
Other comprehensive loss, net of taxes	(53)	—	(53)	—	—	—	(53)	—	(53)
Share-based compensation expense	—	—	—	—	—	—	9	—	9
Shares withheld for employees’ income tax obligations and other	—	—	—	—	—	—	(4)	—	(4)
Balance as of March 31, 2026	$(444)	$11	$(433)	$(6)	$—	$(6)	$13,088	$(122)	$12,966