Page 130 - Martin Marietta - 2023 Proxy Statement

NOTES TO FINANCIAL STATEMENTS (Continued)

Assets and liabilities held for sale were as follows:
2022 2021
December 31 Continuing Discontinued Continuing Discontinued
(in millions) Operations Operations Total Operations Operations Total
nventories, net $ — $ 31.3 $ 31.3 $ — $ 53.1 $ 53.1
Investment land 40.6 — 40.6 32.7 — 32.7
Other assets — 1.3 1.3 — 16.4 16.4
Total current assets held for sale $ 40.6 $ 32.6 $ 73.2 $ 32.7 $ 69.5 $ 102.2

Property, plant and equipment $ — $ 124.5 $ 124.5 $ — $ 226.0 $ 226.0
Intangible assets, excluding goodwill — 208.5 208.5 — 264.9 264.9
Operating lease right‐of‐use assets — 12.1 12.1 — 18.1 18.1
Goodwill — 31.9 31.9 — 109.3 109.3
Other assets — — — — 4.6 4.6
Valuation allowance for loss on sale — (4.5) (4.5) — (6.0) (6.0)
Total noncurrent assets held for sale $ — $ 372.5 $ 372.5 $ — $ 616.9 $ 616.9

Lease obligations $ — $ (4.5) $ (4.5) $ — $ (7.5) $ (7.5)
Total current liabilities held for sale $ — $ (4.5) $ (4.5) $ — $ (7.5) $ (7.5)

Lease obligations $ — $ (4.1) $ (4.1) $ — $ (22.0) $ (22.0)
Asset retirement obligations — (17.7) (17.7) — (31.5) (31.5)
Total noncurrent liabilities held for sale $ — $ (21.8) $ (21.8) $ — $ (53.5) $ (53.5)

Note D: Goodwill and Other Intangible Assets
The following table shows the changes in goodwill by reportable segment and in total:
East West
December 31 Group Group Total
(in millions) 2022
Balance at beginning of period $ 759.4 $ 2,735.0 $ 3,494.4
Acquisitions — 3.7 3.7
Goodwill reclassified from assets held for sale — 8.1 8.1
Divestitures — (159.7) (159.7)
Measurement period adjustments 5.0 298.0 303.0
Balance at end of period $ 764.4 $ 2,885.1 $ 3,649.5

2021
Balance at beginning of period $ 572.5 $ 1,841.5 $ 2,414.0
Acquisitions 186.9 893.5 1,080.4
Balance at end of period $ 759.4 $ 2,735.0 $ 3,494.4

Page 26 ♦ Annual Report