Vulcan Materials CO
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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Property, Plant & Equipment
NOTE 4: PROPERTY, PLANT & EQUIPMENT
Balances of major classes of assets and allowances for depreciation, depletion and amortization at December 31 are as follows:
| in millions | 2024 | 2023 |
|---|---|---|
| Land and land improvements 1 | $5,804.8 | $4,292.6 |
| Buildings | 304.4 | 204.4 |
| Machinery and equipment | 7,717.2 | 6,785.5 |
| Finance leases (see Note 7) | 54.7 | 62.3 |
| Deferred asset retirement costs | 235.6 | 171.3 |
| Construction in progress | 400.1 | 319.4 |
| Total, gross property, plant & equipment | $14,516.8 | $11,835.5 |
| Allowances for depreciation, depletion and amortization | (6,055.3) | (5,617.8) |
| Total, net property, plant & equipment | $8,461.5 | $6,217.7 |
1 Includes depletable land of $4,015.7 million and $2,684.4 million as of December 31, 2024 and 2023, respectively.
Capitalized interest costs with respect to qualifying construction projects and total interest costs incurred before recognition of the capitalized amount for the years ended December 31 are as follows:
| in millions | 2024 | 2023 | 2022 |
|---|---|---|---|
| Capitalized interest cost | $4.0 | $3.7 | $3.6 |
| Total interest cost incurred before recognition of the capitalized amount | 195.2 | 199.8 | 172.8 |
| Part II | 80 |
|---|
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