Page 52 - 2019 Annual Report

NOTES TO FINANCIAL STATEMENTS (continued)

Note R: Supplemental Cash Flow Information
Noncash investing and financing activities are as follows:

years ended December 31
(in millions) 2019 2018 2017
Accrued liabilities for purchases of property, plant and equipment $ 54.2 $ 67.0 $ 61.6
Acquisition of assets through asset exchange $ 2.4 $ — $ 2.5
Remeasurement of operating lease right‐of‐use assets $ 2.0 $ — $ —
Right‐of‐use assets obtained in exchange for new operating lease

liabilities $ 45.7 $ — $ —
Right‐of‐use assets obtained in exchange for new finance lease

liabilities $ 0.2 $ — $ —
Acquisition of assets through capital lease $ — $ 1.1 $ 0.8
Sale of asset to settle liability $ — $ — $ 0.9

Supplemental disclosures of cash flow information are as follows:

years ended December 31
(in millions) 2019 2018 2017
Cash paid for interest, net of amount capitalized $ 127.9 $ 137.2 $ 78.9
Cash paid for income taxes $ 101.7 $ 28.9 $ 155.8
Cash paid for amounts included in the measurement of lease

liabilities¹:
Operating cash flows used for operating leases $ 76.1
Operating cash flows used for finance leases $ 0.5
Financing cash flows used for finance leases $ 11.0

¹ These disclosures are required by ASC 842, which was adopted on January 1, 2019.

Note S: Other Operating (Income) and Expenses, Net
Other operating income and expenses, net, are comprised generally of gains and losses on the sale of assets; asset and portfolio
rationalization charges; recoveries and losses related to certain customer accounts receivable; rental, royalty and services
income; accretion expense, depreciation expense and gains and losses related to asset retirement obligations. These net
amounts represented income of $9.1 million in 2019, income of $18.2 million in 2018 and an expense of $0.8 million in 2017.
2019 income includes the reversal of $6.9 million of accruals for sales tax and unclaimed property contingencies. The 2018
amount reflects $18.8 million of asset and portfolio rationalization charges, offset by $7.7 million in net gains on legal
settlements and $25.3 million in gains on the sale of assets, primarily excess land. The 2017 amount reflects $19.4 million of
gains on the sale of assets, primarily excess land, offset by $12.7 million of nonrecurring repair costs related to certain of the
Company’s leased railcars and $10.8 million of executive retirement expense.
The asset and portfolio rationalization charge relates to the Company’s Southwest ready mixed concrete operations reported
in the West Group. This charge reflects the Company’s evaluation of the recoverability of certain long‐lived assets, including
property, plant and equipment and intangible assets, for underperforming operations in this business and a reduction in
workforce. Of the total charge, $17.0 million was noncash and $1.8 million was settled in cash.

Page 50 ♦ Annual Report Celebrating 25 Years as a Public Company