Page 153 - Martin Marietta - 2023 Proxy Statement

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) 2022 2021 2020
Accrued liabilities for purchases of property, plant and equipment $ 152.4 $ 92.4 $ 61.5
Remeasurement of operating lease right‐of‐use assets $ (2.9) $ (12.8) $ 2.2
Remeasurement of finance lease right‐of‐use assets $ (12.6) $ — $ —
Right‐of‐use assets obtained in exchange for new operating lease
liabilities $ 27.2 $ 65.6 $ 31.9
Right‐of‐use assets obtained in exchange for new finance lease
liabilities $ 11.7 $ 202.3 $ 19.4

Supplemental disclosures of cash flow information are as follows:
years ended December 31
(in millions) 2022 2021 2020
Cash paid for interest, net of amount capitalized $ 164.7 $ 104.9 $ 113.8
Cash paid for income taxes $ 200.6 $ 102.9 $ 114.9
Cash paid for amounts included in the measurement of
lease liabilities:
Operating cash flows used for operating leases $ 78.6 $ 71.8 $ 77.7
Operating cash flows used for finance leases $ 4.5 $ 3.5 $ 0.6
Financing cash flows used for finance leases $ 15.0 $ 11.1 $ 3.5

During the year ended December 31, 2020, the Company repaid $112.3 million of loans related to its company‐owned life insurance
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policies. The repayments are included in Investments in life insurance contracts, net, in the investing activities of the consolidated
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statement of cash flows. The repayment increased the cash surrender value of the insurance policies, which is included in Other
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noncurrent assets on the consolidated balance sheets.
Note S: Other Operating Income, Net
Other operating income, net, is comprised generally of gains and losses on the sale of assets; 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 $189.2 million, $34.3 million and $59.8
million in 2022, 2021 and 2020, respectively. In 2022, other operating income, net, included a $151.9 million pretax gain on the
divestiture of the Colorado and Central Texas ready mixed concrete operations. For 2021, other operating income, net, included
$21.6 million of nonrecurring gains on land sales and divested assets, including the Company’s former corporate headquarters.
Other operating income, net, for 2020 included $69.9 million of nonrecurring gains on the sales of investment land and divested
assets in Austin, Texas; Riverside, California; and Augusta, Kansas.
Note T: Other Nonoperating Income, Net
Other nonoperating income, net, for the year ended December 31, 2022 included a $12.0 million pretax gain related to the
repurchase of the Company's debt, $8.2 million of third‐party railroad track maintenance expense and a $13.3 million increase in
interest income compared with 2021 primarily related to the Company's restricted investments. For the year ended December 31,
2021, other nonoperating income, net, included $7.7 million of third‐party railroad track maintenance expense and reflected a
$19.4 million reduction in pension expense compared with 2020. Other nonoperating income, net, for the year ended December
31, 2020 included $11.4 million of third‐party railroad track maintenance expense.

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