Page 153 - Martin Marietta - 2025 Proxy Statement

NOTES TO FINANCIAL STATEMENTS (Continued)
The following tables displayselected financial data forthe Company’s reportablesegments. Revenues, as presentedonthe
consolidated statements of earnings, reflect theeliminationofintersegment revenues, which represent sales fromone segment
to anothersegment andare immaterial. Revenuesand earnings (loss) from operations reflectcontinuingoperationsonly. Income
tax expense isnot allocatedtothe Company's reportablesegments.
Earnings from operations forthe West Group includeda $1.3billiongainand $16 millionof transaction expenses in 2024 and$6
millionof transaction expenses in 2023 on thedivestiture of theSouth Texascement businessand certainofits related ready
mixedconcreteoperations(seeNote B); anoncash assetand portfolio rationalizationchargeof $50 million(seeNote R) in2024;
anda nonrecurring gain on divestitureof $152 million in2022.
Total
year ended December 31, 2024 West Magnesia Reportable
(in millions) East Group Group Specialties Segments Corporate Total
Segment Revenues $ 2,941 $ 3,275 $ 320 $ 6,536 $ — $ 6,536
Less:
Laborand benefits expense 391 402 39 832 1 833
Rawmaterials expense 96 466 18 580 — 580
Depreciation,depletion andamortizationexpense 259 254 15 528 3 531
Energy expense 145 147 31 323 — 323
External freightexpense 108 220 31 359 — 359
Othercosts of revenues 905 1,013 79 1,997 35 2,032
Selling, generaland administrative expenses 139 187 20 346 101 447
Acquisition,divestiture and integration expenses — 16 — 16 34 50
Otheroperating expense (income), net 7 (1,307 ) (3 ) (1,303 ) (23 ) (1,326 )
Segment Earnings(Loss) from Operations $ 891 $ 1,877 $ 90 $ 2,858 $ (151 ) $ 2,707
Interest expense 169
Othernonoperating income, net (58 )
Consolidated earnings from continuing operations
before income taxexpense $ 2,596

Total
year ended December 31, 2023 East West Magnesia Reportable
(in millions) Group Group Specialties Segments Corporate Total
Segment Revenues $ 2,763 $ 3,699 $ 315 $ 6,777 $ — $ 6,777
Less:
Laborand benefits expense 362 433 36 831 (7 ) 824
Rawmaterials expense 104 556 22 682 — 682
Depreciation,depletion andamortizationexpense 205 261 13 479 3 482
Energy expense 152 216 37 405 — 405
External freightexpense 113 233 30 376 — 376
Othercosts of revenues 854 1,050 80 1,984 1 1,985
Selling, generaland administrative expenses 124 177 18 319 124 443
Acquisition,divestiture and integration expenses — 6 — 6 6 12
Otheroperating (income) expense, net (8 ) (10 ) 3 (15 ) (13 ) (28 )
Segment Earnings(Loss) from Operations $ 857 $ 777 $ 76 $ 1,710 $ (114 ) $ 1,596
Interest expense 165
Othernonoperating income, net (62 )
Consolidated earnings from continuing operations
before income taxexpense $ 1,493

024 Annual Report ♦ Page 45