Page 154 - Martin Marietta - 2025 Proxy Statement

NOTES TO FINANCIAL STATEMENTS (Continued)
Total
year ended December 31, 2022 East West Magnesia Reportable
(in millions) Group Group Specialties Segments Corporate Total
Segment Revenues $ 2,468 $ 3,389 $ 304 $ 6,161 $ — $ 6,161
Less:
Laborand benefits expense 340 428 35 803 — 803
Rawmaterials expense 118 568 27 713 — 713
Depreciation,depletion andamortizationexpense 205 255 12 472 3 475
Energy expense 175 280 45 500 — 500
External freightexpense 143 259 31 433 — 433
Othercosts of revenues 740 1,008 63 1,811 3 1,814
Selling, generaland administrative expenses 115 166 16 297 100 397
Acquisition,divestiture and integration expenses — — — — 9 9
Otheroperating income,net (8 ) (164 ) (1 ) (173 ) (17 ) (190 )
Segment Earnings(Loss) from Operations $ 640 $ 589 $ 76 $ 1,305 $ (98 ) $ 1,207
Interest expense 169
Othernonoperating income, net (53 )
Consolidated earnings from continuing operations
before income taxexpense $ 1,091

Assets employed by segment include assets directly identified with thoseoperations.Corporateassets consistprimarily of cash,
cashequivalentsand restricted cash;property, plantand equipment for corporateoperations; andother assets not directly
identifiable witha reportable segment.
December 31
(in millions)
Assets employed 2024 2023
East Group $ 8,452 $ 5,131
West Group 7,941 7,697
Magnesia Specialties 269 250
Total reportablesegments 16,662 13,078
Corporate 1,508 2,047
Total $ 18,170 $ 15,125

years ended December 31
(in millions)
Total property additions, including the impact of acquisitions 2024 2023 2022
East Group $ 3,185 $ 231 $ 189
West Group 1,216 342 302
Magnesia Specialties 32 39 32
Total reportablesegments 4,433 612 523
Corporate 22 14 21
Total $ 4,455 $ 626 $ 544

years ended December 31
(in millions)
Property additions through acquisitions 2024 2023 2022
East Group $ 2,853 $ — $ —
West Group 732 — 3
Total $ 3,585 $ — $ 3

age46 ♦ 2024 Annual Report