Page 152 - Martin Marietta - 2024 Proxy Statement

NOTES TO FINANCIAL STATEMENTS (Continued)
Supplemental disclosures of cash flow information are as follows:

years ended December 31
(in millions) 2023 2022 2021
Cash paid for interest, net of amount capitalized $ 158.9 $ 164.7 $ 104.9
Cash paid for income taxes $ 291.5 $ 200.6 $ 102.9
Cash paid for amounts included in the measurement of
lease liabilities:
Operating cash flows used for operating leases $ 76.6 $ 78.6 $ 71.8
Operating cash flows used for finance leases $ 4.8 $ 4.5 $ 3.5
Financing cash flows used for finance leases $ 17.6 $ 15.0 $ 11.1

Note R: 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 $28.4 million, $189.2 million and $34.3
million in 2023, 2022 and 2021, respectively. In 2023, other operating income, net, included $19.5 million of gains on land sales. 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 gains on land sales and divested
assets, including the Company’s former corporate headquarters.
Note S: Other Nonoperating Income, Net

her nonoperating income, net, is comprised generally of interest income; foreign currency transaction gains and losses; pension
and postretirement benefit cost (excluding service cost); net equity earningsfrom nonconsolidated investments and other
miscellaneous income and expenses. Other nonoperating income, net, was $62.1 million, $53.4 million and $24.4 million in 2023,
2022 and 2021, respectively. In 2023, other nonoperating income, net, included $46.7 million of interest income and $8.9 million
of third‐party railroad track maintenance expense. In 2022, other nonoperating income, net, included $13.6 million of interest
income, a $12.0 million pretax gain related to the repurchase of the Company's debt and $8.2 million of third‐party railroad track
maintenance expense. In 2021, other nonoperating income, net, included $7.7 million of third‐party railroad track maintenance
expense.

ge 50 ♦ 2023 Annual Report