Page 131 - Martin Marietta - 2025 Proxy Statement
P. 131
NOTES TO FINANCIAL STATEMENTS (Continued)
Thecomponentsof the changes inaccumulated othercomprehensive loss and related cumulative noncurrent deferred tax assets
are as follows:
Pension and
Postretirement Foreign
years ended December 31 Benefit Plans Currency Total
(in millions) 2024
Accumulatedother comprehensivelossat beginning of period $ (48) $ (1) $ (49)
Othercomprehensive earnings (loss) before
reclassifications, netof tax 33 (3) 30
Amounts reclassified from accumulatedother
comprehensiveloss, netof tax 6 — 6
Othercomprehensive earnings (loss),net of tax 39 (3) 36
Accumulatedother comprehensivelossatend of period $ (9) $ (4) $ (13)
Cumulative noncurrent deferred tax assetsatend of period $ 41 $ — $ 41
2023
Accumulatedother comprehensivelossat beginning of period $ (36) $ (2) $ (38)
Othercomprehensive (loss) earnings before
reclassifications, netof tax (16) 1 (15)
Amounts reclassified from accumulatedother
comprehensiveloss, netof tax 4 — 4
Othercomprehensive (loss) earnings,net of tax (12) 1 (11)
Accumulatedother comprehensivelossatend of period $ (48) $ (1) $ (49)
Cumulative noncurrent deferred tax assetsatend of period $ 54 $ — $ 54
2022
Accumulatedother comprehensivelossat beginning of period $ (98) $ — $ (98)
Othercomprehensive earnings (loss) before reclassifications,
netof tax 52 (2) 50
Amounts reclassified from accumulatedother
comprehensiveloss, netof tax 10 — 10
Othercomprehensive earnings (loss),net of tax 62 (2) 60
Accumulatedother comprehensivelossatend of period $ (36) $ (2) $ (38)
Cumulative noncurrent deferred tax assetsatend of period $ 50 $ — $ 50
Reclassificationsout of accumulatedother comprehensivelossare as follows:
Affected line items in the
years ended December 31 consolidated statements of
(in millions) 2024 2023 2022 earnings
Pensionand postretirement benefit plans:
Settlementcharge $ — $ — $ 5
Amortization of:
Priorservice cost 6 6 4
Actuarialloss 1 — 4
6 13 Othernonoperating income, net
Tax effect (1) (2) (3) Income tax expense
Total $ 6 $ 4 $ 10
024 Annual Report ♦ Page 23
