Page 13 - 2019 Annual Report

MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS

years ended December 31
(in millions) 2019 2018 2017
_______________________________________________________________________________________________________
Consolidated Net Earnings $ 612.0 $ 470.4 $ 713.4
_______________________________________________________________________________________________________
Other comprehensive (loss) earnings, net of tax:

Defined benefit pension and postretirement plans:
Net loss arising during period, net of tax of $(4.8), $(7.6) and
$(2.6), respectively (14.5) (22.9) (8.1)
Amortization of prior service credit, net of tax of $(0.2), $(0.5) and
$(0.5), respectively (0.6) (1.5) (0.8)
Amortization of actuarial loss, net of tax of $3.8, $3.2 and
$5.3, respectively 11.7 9.5 8.5

Amount recognized in net periodic pension cost due
to settlement, net of tax of $0.0, $0.7 and $0.0, respectively — 2.2 —
(3.4) (12.7) (0.4)

Foreign currency translation gain (loss) 1.2 (2.1) 1.2

Amortization of terminated value of forward starting interest rate
swap agreements into interest expense, net of tax of $0.0,
0.3
—
$0.2 and $0.6, respectively __________________________________________
0.8

(2.2) (14.5) 1.6
_______________________________________________________________________________________________________
Consolidated comprehensive earnings 609.8 455.9 715.0
Less: Comprehensive earnings attributable to
noncontrolling interests 0.1 0.4 0.1
______________________________________________________________________________________________________
Comprehensive Earnings Attributable to Martin Marietta $ 609.7 $ 455.5 $ 714.9

The accompanying Notes to the Financial Statements are an integral part of these statements.

Celebrating 25 Years as a Public Company Annual Report ♦ Page 11