Page 149 - Martin Marietta - 2024 Proxy Statement

NOTES TO FINANCIAL STATEMENTS (Continued)

years ended December 31
(in millions)
Earnings (Loss) from operations 2023 2022 2021
East Group $ 857.1 $ 640.2 $ 621.7
West Group 777.1 588.1 385.2
Total Building Materials business 1,634.2 1,228.3 1,006.9
Magnesia Specialties 76.0 75.2 90.8
Total reportable segments 1,710.2 1,303.5 1,097.7
Corporate (114.2) (96.8) (123.9)
Consolidated earnings from operations 1,596.0 1,206.7 973.8
Interest expense 165.3 169.0 142.7
Other nonoperating income, net (62.1) (53.4) (24.4)
Consolidated earnings from continuing operations
before income tax expense $ 1,492.8 $ 1,091.1 $ 855.5

Earningsfrom operations for the West Group included a nonrecurring gain on divestiture of $151.9 million in 2022.
December 31
(in millions)
Assets employed 2023 2022 2021
East Group $ 5,131.1 $ 5,063.5 $ 5,009.0
West Group 7,696.7 7,908.4 8,264.8
Total Building Materials business 12,827.8 12,971.9 13,273.8
Magnesia Specialties 250.0 192.1 168.7
Total reportable segments 13,077.8 13,164.0 13,442.5
Corporate 2,047.1 1,829.6 950.5
Total $ 15,124.9 $ 14,993.6 $ 14,393.0

years ended December 31
(in millions)
Depreciation, depletion and amortization 2023 2022 2021
East Group $ 210.1 $ 210.4 $ 196.0
West Group 268.0 260.6 223.0
Total Building Materials business 478.1 471.0 419.0
Magnesia Specialties 12.5 12.2 12.3
Total reportable segments 490.6 483.2 431.3
Corporate 22.6 22.8 20.4
Total $ 513.2 $ 506.0 $ 451.7

Corporate depreciation, depletion and amortization included $5.9 million, $6.6 million and $5.2 million for the amortization of
bond discount and debt issuance costs in 2023, 2022 and 2021, respectively.
years ended December 31
(in millions)
Total property additions, including the impact of acquisitions 2023 2022 2021
East Group $ 230.8 $ 189.1 $ 372.9
West Group 341.7 302.2 1,131.6
Total Building Materials business 572.5 491.3 1,504.5
Magnesia Specialties 39.3 32.0 8.2
Total reportable segments 611.8 523.3 1,512.7
Corporate 14.4 21.1 28.8
Total $ 626.2 $ 544.4 $ 1,541.5

23 Annual Report ♦ Page 47