Page 128 - Martin Marietta - 2024 Proxy Statement

NOTES TO FINANCIAL STATEMENTS (Continued)

2022
December 31 Continuing Discontinued
(in millions) Operations Operations Total
Inventories, net $ — $ 31.3 $ 31.3
Investment land 40.6 — 40.6
Other assets — 1.3 1.3
Total current assets held for sale $ 40.6 $ 32.6 $ 73.2

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

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

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

Note C: 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) 2023
Balance at beginning of period $ 764.4 $ 2,885.1 $ 3,649.5
Goodwill allocated to assets held for sale — (260.0) (260.0)
Balance at end of period $ 764.4 $ 2,625.1 $ 3,389.5

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

ge 26 ♦ 2023 Annual Report