Martin Marietta Materials (MLM) 10-Q 8 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 02, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	MLM
Entity Registrant Name	MARTIN MARIETTA MATERIALS INC
Entity Central Index Key	916,076
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		62,951,453

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Current Assets:
Cash and cash equivalents	$ 1,422,373	$ 1,446,364	$ 55,418
Accounts receivable, net	466,465	487,240	479,215
Inventories, net	606,794	600,591	537,000
Other current assets	106,298	96,965	51,609
Total Current Assets	2,601,930	2,631,160	1,123,242
Property, plant and equipment	6,523,364	6,498,067	6,211,813
Allowances for depreciation, depletion and amortization	(2,940,870)	(2,905,254)	(2,744,168)
Net property, plant and equipment	3,582,494	3,592,813	3,467,645
Goodwill	2,160,290	2,160,290	2,159,398
Operating permits, net	437,438	439,116	440,411
Other intangibles, net	61,338	67,233	67,318
Other noncurrent assets	104,560	101,899	135,777
Total Assets	8,948,050	8,992,511	7,393,791
Current Liabilities:
Accounts payable	162,328	183,638	188,399
Accrued salaries, benefits and payroll taxes	23,329	44,255	22,760
Pension and postretirement benefits	12,812	13,652	8,136
Accrued insurance and other taxes	52,413	64,958	49,535
Current maturities of long-term debt and short-term facilities	300,006	299,909	290,048
Accrued interest	39,720	19,825	23,649
Other current liabilities	60,371	67,979	49,031
Total Current Liabilities	650,979	694,216	631,558
Long-term debt	2,728,102	2,727,294	1,556,246
Pension, postretirement and postemployment benefits	248,501	244,043	252,568
Deferred income taxes, net	413,570	410,723	667,160
Other noncurrent liabilities	227,068	233,758	210,305
Total Liabilities	4,268,220	4,310,034	3,317,837
Equity:
Common stock, par value $0.01 per share	628	628	626
Preferred stock, par value $0.01 per share
Additional paid-in capital	3,381,280	3,368,007	3,349,813
Accumulated other comprehensive loss	(127,485)	(129,104)	(128,425)
Retained earnings	1,422,207	1,440,069	851,354
Total Shareholders' Equity	4,676,630	4,679,600	4,073,368
Noncontrolling interests	3,200	2,877	2,586
Total Equity	4,679,830	4,682,477	4,075,954
Total Liabilities and Equity	$ 8,948,050	$ 8,992,511	$ 7,393,791

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01	$ 0.01
Preferred stock, par value	$ 0.01	$ 0.01	$ 0.01

Consolidated Statements of Earn

Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Products and services revenues	$ 753,305	$ 792,316
Freight revenues	48,699	51,543
Total Revenues	802,004	843,859
Cost of revenues - products and services	641,620	644,617
Cost of revenues - freight	49,992	52,175
Total Cost of Revenues	691,612	696,792
Gross Profit	110,392	147,067
Selling, general & administrative expenses	70,121	69,535
Acquisition-related expenses	711	22
Other operating expense, net	479	360
Earnings from Operations	39,081	77,150
Interest expense	35,087	20,851
Other nonoperating income, net	(8,503)	(536)
Earnings before income tax expense	12,497	56,835
Income tax expense	2,457	14,528
Consolidated net earnings	10,040	42,307
Less: Net earnings (loss) attributable to noncontrolling interests	17	(27)
Net Earnings Attributable to Martin Marietta Materials, Inc.	10,023	42,334
Consolidated Comprehensive Earnings: (See Note 1)
Earnings attributable to Martin Marietta Materials, Inc.	11,642	44,596
Earnings (Loss) attributable to noncontrolling interests	17	(26)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 11,659	$ 44,570
Net Earnings Attributable to Martin Marietta Materials, Inc. Per Common Share:
Basic attributable to common shareholders	$ 0.16	$ 0.67
Diluted attributable to common shareholders	$ 0.16	$ 0.67
Weighted-Average Common Shares Outstanding:
Basic	62,957	63,024
Diluted	63,222	63,319
Cash Dividends Per Common Share	$ 0.44	$ 0.42

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows from Operating Activities:
Consolidated net earnings	$ 10,040	$ 42,307
Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:
Depreciation, depletion and amortization	76,821	70,376
Stock-based compensation expense	9,760	10,275
(Gain) Loss on divestitures and sales of assets	(951)	73
Deferred income taxes	2,029	2,827
Other items, net	(2,269)	(179)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable, net	20,951	(21,305)
Inventories, net	(8,873)	(15,375)
Accounts payable	7,925	8,536
Other assets and liabilities, net	(10,421)	(23,670)
Net Cash Provided by Operating Activities	105,012	73,865
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(96,259)	(102,095)
Proceeds from divestitures and sales of assets	2,528	539
Payment of railcar construction advances	(8,430)	(37,011)
Reimbursement of railcar construction advances	8,430	37,011
Investments in life insurance contracts, net	99	181
Net Cash Used for Investing Activities	(93,632)	(101,375)
Cash Flows from Financing Activities:
Borrowings of debt		205,000
Repayments of debt	(13)	(45,012)
Payments on capital lease obligations	(829)	(761)
Debt issuance costs	(3,194)
Contributions by owners of noncontrolling interest	129
Dividends paid	(27,885)	(26,560)
Proceeds from exercise of stock options	2,801	3,917
Shares withheld for employees' income tax obligations	(6,380)	(3,695)
Repurchases of common stock		(99,999)
Net Cash (Used for) Provided by Financing Activities	(35,371)	32,890
Net (Decrease) Increase in Cash and Cash Equivalents	(23,991)	5,380
Cash and Cash Equivalents, beginning of period	1,446,364	50,038
Cash and Cash Equivalents, end of period	$ 1,422,373	$ 55,418

Consolidated Statement of Total

Consolidated Statement of Total Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Total Shareholders' Equity	Noncontrolling Interests
Beginning Balance at Dec. 31, 2016	$ 4,142,590	$ 630	$ 3,334,461	$ (130,687)	$ 935,574	$ 4,139,978	$ 2,612
Beginning Balance (in shares) at Dec. 31, 2016		63,176
Consolidated net earnings	42,307				42,334	42,334	(27)
Other comprehensive earnings, net of tax	2,263			2,262		2,262	1
Dividends declared	(26,560)				(26,560)	(26,560)
Issuances of common stock for stock award plans	5,078	$ 1	5,077			5,078
Issuances of common stock for stock award plans (in shares)		60
Repurchases of common stock	(99,999)	$ (5)			(99,994)	(99,999)
Repurchases of common stock, (in shares)		(458)
Stock-based compensation expense	10,275		10,275			10,275
Ending Balance at Mar. 31, 2017	4,075,954	$ 626	3,349,813	(128,425)	851,354	4,073,368	2,586
Ending Balance (in shares) at Mar. 31, 2017		62,778
Beginning Balance at Dec. 31, 2017	4,682,477	$ 628	3,368,007	(129,104)	1,440,069	4,679,600	2,877
Beginning Balance (in shares) at Dec. 31, 2017		62,873
Consolidated net earnings	10,040				10,023	10,023	17
Other comprehensive earnings, net of tax	1,619			1,619		1,619
Dividends declared	(27,885)				(27,885)	(27,885)
Issuances of common stock for stock award plans	9,893		9,893			9,893
Issuances of common stock for stock award plans (in shares)		75
Shares withheld for employees' income tax obligations	(6,380)		(6,380)			(6,380)
Stock-based compensation expense	9,760		9,760			9,760
Contributions from owners of noncontrolling interest	306						306
Ending Balance at Mar. 31, 2018	$ 4,679,830	$ 628	$ 3,381,280	$ (127,485)	$ 1,422,207	$ 4,676,630	$ 3,200
Ending Balance (in shares) at Mar. 31, 2018		62,948

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Significant Accounting Policies	1. Significant Accounting Policies Organization Martin Marietta Materials, Inc. (the Company or Martin Marietta) is a natural resource-based building materials company. The Company supplies aggregates (crushed stone, sand and gravel) through its network of 282 quarries, mines and distribution yards to its customers in 30 states, Canada, the Bahamas and the Caribbean Islands. In the western United States, Martin Marietta also provides cement and downstream products, namely, ready mixed concrete, asphalt and paving services, in vertically-integrated structured markets where the Company has a leading aggregates position. The Company’s heavy-side building materials are used in infrastructure, nonresidential and residential construction projects. Aggregates are also used in agricultural, utility and environmental applications and as railroad ballast. The aggregates, cement, ready mixed concrete and asphalt and paving product lines are reported collectively as the “Building Materials” business. The Company’s Building Materials business includes three reportable segments: the Mid-America Group, the Southeast Group and the West Group. BUILDING MATERIALS BUSINESS Reportable Segments Mid-America Group Southeast Group West Group Operating Locations Indiana, Iowa, northern Kansas, Kentucky, Maryland, Minnesota, Missouri, eastern Nebraska, North Carolina, Ohio, South Carolina, Virginia, Washington and West Virginia Alabama, Florida, Georgia, Tennessee, Arkansas, Colorado, southern Kansas, Louisiana, western Nebraska, Nevada, Oklahoma, Texas, Utah and Wyoming Product Lines Aggregates Aggregates Aggregates, Cement, Ready Mixed Concrete, Asphalt and Paving The Company has a Magnesia Specialties business with manufacturing facilities in Manistee, Michigan, and Woodville, Ohio. The Magnesia Specialties business produces magnesia-based chemicals products used in industrial, agricultural and environmental applications, and dolomitic lime sold primarily to customers in the steel and mining industries. 1. Significant Accounting Policies (continued) Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and with the instructions to the Quarterly Report on Form 10-Q and in Article 10 of Regulation S-X. Other than the required adoption of two new accounting pronouncements described below, the Company has continued to follow the accounting policies set forth in the audited consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. In the opinion of management, the interim consolidated financial information provided herein reflects all adjustments, consisting of normal recurring accruals, necessary for a fair statement of the results of operations, financial position and cash flows for the interim periods. The consolidated results of operations for the three-months ended March 31, 2018 are not indicative of the results expected for other interim periods or the full year. The consolidated balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements at that date but does not include all of the information and notes required by GAAP for complete financial statements. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. New Accounting Pronouncements Revenue from Contracts with Customers Effective January 1, 2018, the Company adopted Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments Effective January 1, 2018, the Company adopted ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments 1. Significant Accounting Policies (continued) Pending Accounting Pronouncement Lease Standard In February 2016, the Financial Accounting Standards Board (FASB) issued a new accounting standard, Accounting Codification Standard 842 – Leases, Consolidated Comprehensive Earnings/Loss and Accumulated Other Comprehensive Loss Consolidated comprehensive earnings/loss and accumulated other comprehensive loss consist of consolidated net earnings or loss; adjustments for the funded status of pension and postretirement benefit plans; foreign currency translation adjustments; and the amortization of the value of terminated forward starting interest rate swap agreements into interest expense, and are presented in the Company’s consolidated statements of earnings and comprehensive earnings. Comprehensive earnings attributable to Martin Marietta is as follows: Three-Months Ended March 31, 2018 2017 (Dollars in Thousands) Net earnings attributable to Martin Marietta Materials, Inc. $ 10,023 $ 42,334 Other comprehensive earnings, net of tax 1,619 2,262 Comprehensive earnings attributable to Martin Marietta Materials, Inc. $ 11,642 $ 44,596 Comprehensive earnings attributable to noncontrolling interests, consisting of net earnings and adjustments for the funded status of pension and postretirement benefit plans, is as follows: Three-Months Ended March 31, 2018 2017 (Dollars in Thousands) Net earnings (loss) attributable to noncontrolling interests $ 17 $ (27 ) Other comprehensive earnings, net of tax — 1 Comprehensive earnings (loss) attributable to noncontrolling interests $ 17 $ (26 ) 1. Significant Accounting Policies (continued) Consolidated Comprehensive Earnings/Loss and Accumulated Other Comprehensive Loss (continued) Changes in accumulated other comprehensive earnings (loss), net of tax, are as follows: (Dollars in Thousands) Unamortized Value of Terminated Accumulated Pension and Forward Starting Other Postretirement Foreign Interest Rate Comprehensive Benefit Plans Currency Swap Loss Three-Months Ended March 31, 2018 Balance at beginning of period $ (128,802 ) $ (22 ) $ (280 ) $ (129,104 ) Other comprehensive loss before reclassifications, net of tax — (587 ) — (587 ) Amounts reclassified from accumulated other comprehensive earnings, net of tax 1,996 — 210 2,206 Other comprehensive earnings (loss), net of tax 1,996 (587 ) 210 1,619 Balance at end of period $ (126,806 ) $ (609 ) $ (70 ) $ (127,485 ) Three-Months Ended March 31, 2017 Balance at beginning of period $ (128,373 ) $ (1,162 ) $ (1,152 ) $ (130,687 ) Other comprehensive earnings before reclassifications, net of tax — 137 — 137 Amounts reclassified from accumulated other comprehensive earnings, net of tax 1,910 — 215 2,125 Other comprehensive earnings, net of tax 1,910 137 215 2,262 Balance at end of period $ (126,463 ) $ (1,025 ) $ (937 ) $ (128,425 ) 1. Significant Accounting Policies (continued) Consolidated Comprehensive Earnings/Loss and Accumulated Other Comprehensive Loss (continued) Changes in net noncurrent deferred tax assets recorded in accumulated other comprehensive loss are as follows: (Dollars in Thousands) Pension and Postretirement Benefit Plans Unamortized Value of Terminated Forward Starting Interest Rate Swap Net Noncurrent Deferred Tax Assets Three-Months Ended March 31, 2018 Balance at beginning of period $ 79,938 $ 178 $ 80,116 Tax effect of other comprehensive earnings (658 ) (137 ) (795 ) Balance at end of period $ 79,280 $ 41 $ 79,321 Three-Months Ended March 31, 2017 Balance at beginning of period $ 82,044 $ 749 $ 82,793 Tax effect of other comprehensive earnings (1,185 ) (141 ) (1,326 ) Balance at end of period $ 80,859 $ 608 $ 81,467 1. Significant Accounting Policies (continued) Consolidated Comprehensive Earnings/Loss and Accumulated Other Comprehensive Loss (continued) Reclassifications out of accumulated other comprehensive loss are as follows: Three-Months Ended Affected line items in the consolidated March 31, statements of earnings and 2018 2017 comprehensive earnings (Dollars in Thousands) Pension and postretirement benefit plans Amortization of: Prior service credit $ (585 ) $ (357 ) Actuarial loss 3,239 3,452 2,654 3,095 Other nonoperating income, net Tax benefit (658 ) (1,185 ) Income tax expense $ 1,996 $ 1,910 Unamortized value of terminated forward starting interest rate swap Additional interest expense $ 347 $ 356 Interest expense Tax benefit (137 ) (141 ) Income tax expense $ 210 $ 215 Earnings per Common Share The numerator for basic and diluted earnings per common share is net earnings attributable to Martin Marietta Materials, Inc. reduced by dividends and undistributed earnings attributable to certain of the Company’s stock-based compensation. If there is a net loss, no amount of the undistributed loss is attributed to unvested participating securities. The denominator for basic earnings per common share is the weighted-average number of common shares outstanding during the period. Diluted earnings per common share are computed assuming that the weighted-average number of common shares is increased by the conversion, using the treasury stock method, of awards to be issued to employees and nonemployee members of the Company’s Board of Directors under certain stock-based compensation arrangements if the conversion is dilutive. For the three-months ended March 31, 2018 and 2017, the diluted per-share computations reflect the number of common shares outstanding to include the number of additional shares that would have been outstanding if the potentially dilutive common shares had been issued. 1. Significant Accounting Policies (continued) Earnings per Common Share The following table reconciles the numerator and denominator for basic and diluted earnings per common share: Three-Months Ended March 31, 2018 2017 (In Thousands) Net earnings attributable to Martin Marietta Materials, Inc. $ 10,023 $ 42,334 Less: Distributed and undistributed earnings attributable to unvested awards 63 153 Basic and diluted net earnings available to common shareholders attributable to Martin Marietta Materials, Inc. $ 9,960 $ 42,181 Basic weighted-average common shares outstanding 62,957 63,024 Effect of dilutive employee and director awards 265 295 Diluted weighted-average common shares outstanding 63,222 63,319

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2018
Revenue From Contract With Customer [Abstract]
Revenue Recognition	2. Revenue Recognition Total revenues include sales of products and services to customers, net of any discounts or allowances, and freight revenues. Product revenues are recognized when control of the promised good is transferred to the customer, typically when finished products are shipped. Intersegment and interproduct revenues are eliminated in consolidation. Service revenues are derived from the paving business and recognized using the percentage-of-completion method under the revenue-cost approach. Under the revenue-cost approach, recognized contract revenue is determined by multiplying the total estimated contract revenue by the estimated percentage of completion. Contract costs are recognized as incurred. The percentage of completion is determined on a contract-by-contract basis using project costs incurred to date as a percentage of total estimated project costs. The Company believes the revenue-cost approach is appropriate as the use of asphalt in a paving contract is relatively consistent with the performance of the paving service. Paving contracts, notably with governmental entities, may contain performance bonuses based on quality specifications. Given the uncertainty of meeting the criteria until the performance obligation is completed, performance bonuses are recognized as revenues when and if determined to be achieved. Performance bonuses are not material to the Company’s consolidated results of operations for the three-months ended March 31, 2018 and 2017. Freight revenues reflect delivery arranged by the Company using a third party on behalf of the customer and are recognized consistent with the timing of the product revenues. Performance Obligations. Performance obligations are contractual promises to transfer or provide a distinct good or service for a stated price. The Company’s product sales agreements are single-performance obligations that are satisfied at a point in time. Performance obligations within paving service agreements are satisfied over time, primarily ranging from one day to 20 months. For product revenues and freight revenues, customer payment terms are generally 30 days from invoice date. Customer payments for the paving operations are based on a contractual billing schedule and are due 30 days from invoice date. 2. Future revenues from unsatisfied performance obligations at March 31, 2018 and 2017 were $88,054,000 and $145,921,000, respectively, where the remaining periods to complete these obligations ranged from one day to 20 months and one day to 11 months, respectively. Sales Taxes. The Company is deemed to be an agent when collecting sales taxes from customers. Sales taxes collected are initially recorded as liabilities until remitted to taxing authorities and are not reflected in the consolidated statements of earnings as revenues and expenses. Revenue by Category. The following table presents the Company’s total revenues by category for each reportable segment: Three-Months Ended March 31, 2018 (Dollars in Thousands) Products and Services Freight Total Mid-America Group $ 167,890 $ 10,891 $ 178,781 Southeast Group 77,563 2,676 80,239 West Group 442,983 30,739 473,722 Total Building Materials Business 688,436 44,306 732,742 Magnesia Specialties 64,869 4,393 69,262 Total $ 753,305 $ 48,699 $ 802,004 Three-Months Ended March 31, 2017 (Dollars in Thousands) Products and Services Freight Total Mid-America Group $ 177,407 $ 11,612 $ 189,019 Southeast Group 86,726 3,556 90,282 West Group 463,881 32,100 495,981 Total Building Materials Business 728,014 47,268 775,282 Magnesia Specialties 64,302 4,275 68,577 Total $ 792,316 $ 51,543 $ 843,859 Service revenues, which includes paving operations located in Colorado, were $11,143,000 and $16,000,000 for the three-months ended March 31, 2018 and 2017, respectively. 2. Contract Balances. Costs in excess of billings relate to the conditional right to consideration for completed contractual performance and are contract assets on the consolidated balance sheets. Costs in excess of billings are reclassified to accounts receivable when the right to consideration becomes unconditional. Billings in excess of costs relate to customers invoiced in advance of contractual performance and are contract liabilities on the consolidated balance sheets. The following table presents information about the Company’s contract balances: (Dollars in Thousands) March 31, 2018 December 31, 2017 March 31, 2017 Costs in excess of billings $ 2,827 $ 1,310 $ 1,815 Billings in excess of costs $ 6,136 $ 7,204 $ 5,953 Revenue recognized from beginning balance of contract liabilities for the three-months ended March 31, 2018 and 2017 were $4,199,000 and $3,835,000, respectively. Retainage represents amounts that have been billed to customers but payment withheld until final acceptance of the performance obligation by the customer. Included on the Company’s consolidated balance sheets, retainage was $4,824,000, $9,029,000 and $5,759,000 at March 31, 2018, December 31, 2017 and March 31, 2017, respectively. Warranties. The Company’s construction contracts contain warranty provisions generally for a period of nine months to one year after project completion and cover materials, design or workmanship defects. Historically, the Company has not experienced material costs for warranties. The ready mixed concrete product line carries longer warranty periods, for which the Company has accrued an estimate of warranty cost based on experience with the type of work and any known risks relative to the project. In total, warranty costs were not material to the Company’s consolidated results of operations for the three-months ended March 31, 2018 and 2017. Policy Elections. When the Company arranges third party freight to deliver products to customers, the Company has elected the delivery to be a fulfillment activity rather than a separate performance obligation. Further, the Company acts as a principal in the delivery arrangements and the related revenues and costs are included in the consolidated statements of earnings.

Inventories, Net

Inventories, Net	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventories, Net	3 . Inventories, Net March 31, December 31, March 31, 2018 2017 2017 (Dollars in Thousands) Finished products $ 563,315 $ 552,999 $ 495,793 Products in process and raw materials 62,857 62,761 61,815 Supplies and expendable parts 128,754 128,792 120,054 754,926 744,552 677,662 Less: Allowances (148,132 ) (143,961 ) (140,662 ) Total $ 606,794 $ 600,591 $ 537,000

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Long-Term Debt	4. Long-Term Debt March 31, December 31, March 31, 2018 2017 2017 (Dollars in Thousands) 6.60% Senior Notes, due 2018 $ 299,967 $ 299,871 $ 299,579 7% Debentures, due 2025 124,203 124,180 124,112 6.25% Senior Notes, due 2037 228,048 228,033 227,989 4.25% Senior Notes, due 2024 395,959 395,814 395,392 4.250% Senior Notes, due 2047 591,416 591,688 — 3.500% Senior Notes, due 2027 494,402 494,352 — 3.450% Senior Notes, due 2027 296,705 296,628 — Floating Rate Senior Notes, due 2019, interest rate of 2.70% and 2.13% at March 31, 2018 and December 31, 2017, respectively 298,704 298,102 — Floating Rate Notes, due 2020, interest rate of 2.55% and 2.10% at March 31, 2018 and December 31, 2017, respectively 298,408 298,227 — Floating Rate Notes, due 2017, interest rate of 2.10% at March 31, 2017 — — 298,878 Revolving Facility, due 2022, interest rate of 1.89% at March 31, 2017 — — 210,000 Trade Receivable Facility, interest rate of 1.51% at March 31, 2017 — — 290,000 Other notes 296 308 344 Total debt 3,028,108 3,027,203 1,846,294 Less: Current maturities of long-term debt and short-term facilities (300,006 ) (299,909 ) (290,048 ) Long-term debt $ 2,728,102 $ 2,727,294 $ 1,556,246 The Company Company Company The Company con subsidiary subject to change in the event that this rate no longer reflects the lender’s cost of lending The Trade Receivable Facility contains a cross-default provision to the Company’s other debt agreements. 4. Long-Term Debt (continued) The Company has a $700,000,000 five-year senior unsecured revolving facility (the Revolving Facility) with JPMorgan Chase Bank, N.A., as Administrative Agent, Branch Banking and Trust Company (BB&T), Deutsche Bank Securities, Inc., SunTrust Bank and Wells Fargo Bank, N.A., as Co-Syndication Agents, and the lenders party thereto. The Revolving Facility requires the Company’s ratio of consolidated debt-to-consolidated earnings before interest, taxes, depreciation and amortization (EBITDA), as defined by the Revolving Facility, for the trailing-twelve months (the Ratio) to not exceed 3.50x as of the end of any fiscal quarter, provided that the Company may exclude from the Ratio debt incurred in connection with certain acquisitions during such quarter or the three preceding quarters so long as the Ratio calculated without such exclusion does not exceed 3.75x. Additionally, if no amounts are outstanding under both the Revolving Facility and the Trade Receivable Facility, consolidated debt, including debt for which the Company is a co-borrower, may be reduced by the Company’s unrestricted cash and cash equivalents in excess of $50,000,000, such reduction not to exceed $200,000,000, for purposes of the covenant calculation. The Company was in compliance with this Ratio at March 31, 2018. Available borrowings under the Revolving Facility are reduced by any outstanding letters of credit issued by the Company under the Revolving Facility. The Company had $2,301,000 of outstanding letters of credit issued under the Revolving Facility at March 31, 2018 and December 31, 2017 and $2,507,000 at March 31, 2017. Accumulated other comprehensive loss includes the unamortized value of terminated forward starting interest rate swap agreements. For the three-months ended March 31, 2018 and 2017, the Company recognized $347,000 and $356,000, respectively, as additional interest expense. The amortization of the terminated value of the forward starting interest rate swap agreements will be complete with the maturity of the related debt in April 2018.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2018
Financial Instruments Disclosure [Abstract]
Financial Instruments	5. Financial Instruments The Company’s financial instruments include cash equivalents, accounts receivable, notes receivable, bank overdrafts, accounts payable, publicly-registered long-term notes, debentures and other long-term debt. Cash equivalents are placed primarily in money market funds, money market demand deposit accounts and Eurodollar time deposits. The Company’s cash equivalents have original maturities of less than three months. Due to the short maturity of these investments, they are carried on the consolidated balance sheets at cost, which approximates fair value. Accounts receivable are due from a large number of customers, primarily in the construction industry, and are dispersed across wide geographic and economic regions. However, accounts receivable are more heavily concentrated in certain states (namely, Texas, Colorado, North Carolina, Iowa and Georgia). The estimated fair values of accounts receivable approximate their carrying amounts due to the short-term nature of the receivables. Notes receivable are not publicly traded. Management estimates that the fair value of notes receivable approximates the carrying amount due to the short-term nature of the receivables. Bank overdrafts, when applicable, represent amounts to be funded to financial institutions for checks that have cleared the bank. The estimated fair value of bank overdrafts approximates its carrying value due to the short-term nature of the overdraft. Accounts payable represent amounts owed to suppliers and vendors. The estimated fair value of accounts payable approximates its carrying amount due to the short-term nature of the payables. 5. Financial Instruments (continued) The carrying values and fair values of the Company’s long-term debt were $3,028,108,000 and $3,037,069,000, respectively, at March 31, 2018; $3,027,203,000 and $3,144,902,000, respectively, at December 31, 2017; and $1,846,294,000 and $1,937,310,000, respectively, at March 31, 2017. The estimated fair value of the publicly-registered long-term notes was estimated based on Level 1 of the fair value hierarchy using quoted market prices. The estimated fair value of other borrowings, which primarily represents variable-rate debt, was based on Level 2 of the fair value hierarchy using quoted market prices for similar debt instruments, and approximates their carrying amounts as the interest rates reset periodically.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes The Company’s effective income tax rate for the three-months ended March 31, 2018 was 19.7%. The effective income tax rate reflects the effect of federal and state income taxes and the impact of differences in book and tax accounting arising from the net permanent benefits associated with the statutory depletion deduction for mineral reserves. For the three-months ended March 31, 2018, the effective income tax rate also reflects two discrete events: a favorable impact of $1,325,000, or 1,060 basis points, related to the vesting and exercise of stock-based compensation awards and an unfavorable impact of $1,097,000, or 880 basis points, related to an estimate of the transition tax on undistributed foreign earnings, a provision of the Tax Cuts and Jobs Act of 2017 (2017 Tax Act). The enactment of the 2017 Tax Act reduced the federal statutory corporate income tax rate from 35% to 21% beginning in 2018. Therefore, the effective income tax rate of 25.6% for the three-months ended March 31, 2017 is not comparable. The Securities and Exchange Commission issued Staff Accounting Bulletin No. 118 (SAB 118) to address situations when a registrant does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the 2017 Tax Act. As such, due to the timing of the enactment date and the Company’s reporting periods, the Company recognized provisional amounts for the remeasurement of deferred tax assets and liabilities as of December 31, 2017 and transition tax on undistributed foreign earnings as of March 31, 2018, and continues to analyze and assess other provisions of the 2017 Tax Act. In accordance with SAB 118, the Company may record additional provisional amounts during the measurement period not to extend beyond one year of the enactment date and expects the accounting to be complete when the Company’s 2017 U.S. corporate income tax return is filed in 2018. Any future measurement period adjustments will be recognized as income tax expense or benefit in 2018. The Company records interest accrued in relation to unrecognized tax benefits as income tax expense. Penalties, if incurred, are recorded as operating expenses in the consolidated statements of earnings and comprehensive earnings.

Pension and Postretirement Bene

Pension and Postretirement Benefits	3 Months Ended
	Mar. 31, 2018
Compensation And Retirement Disclosure [Abstract]
Pension and Postretirement Benefits	7. Pension and Postretirement Benefits The estimated components of the recorded net periodic benefit cost (credit) for pension and postretirement benefits are as follows: Three-Months Ended March 31, Pension Postretirement Benefits 2018 2017 2018 2017 (Dollars in Thousands) Service cost $ 8,148 $ 6,572 $ 22 $ 24 Interest cost 8,361 9,008 125 185 Expected return on assets (10,629 ) (9,936 ) — — Amortization of: Prior service cost (credit) 26 78 (611 ) (435 ) Actuarial loss (gain) 3,296 3,524 (57 ) (72 ) Net periodic benefit cost (credit) $ 9,202 $ 9,246 $ (521 ) $ (298 ) The service cost component of net periodic benefit cost (credit) is included in cost of revenues – products and services and selling, general and administrative expenses while all other components are included in other nonoperating income, net, in the consolidated statements of earnings and comprehensive earnings.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Legal and Administrative Proceedings The Company is engaged in certain legal and administrative proceedings incidental to its normal business activities. In the opinion of management and counsel, based upon currently-available facts, it is remote that the ultimate outcome of any litigation and other proceedings, including those pertaining to environmental matters, relating to the Company and its subsidiaries, will have a material adverse effect on the overall results of the Company’s operations, its cash flows or its financial position. Borrowing Arrangements with Affiliate The Company is a co-borrower with an unconsolidated affiliate for a $15,500,000 revolving line of credit agreement with BB&T with a maturity date of March 2020. The affiliate has agreed to reimburse and indemnify the Company for any payments and expenses the Company may incur from this agreement. The Company holds a lien on the affiliate’s membership interest in a joint venture as collateral for payment under the revolving line of credit. In addition, the Company has a $6,000,000 interest-only loan, due December 31, 2019, outstanding from this unconsolidated affiliate as of March 31, 2018, December 31, 2017 and March 31, 2017. The interest rate is one-month LIBOR plus 1.75%.

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Business Segments	9. Business Segments The Building Materials business contains three reportable business segments: Mid-America Group, Southeast Group and West Group. The Company also has a Magnesia Specialties segment. The Company’s evaluation of performance and allocation of resources are based primarily on earnings from operations. Consolidated earnings from operations include total revenues less cost of revenues, selling, general and administrative expenses, acquisition-related expenses, other operating income and expenses, net, and exclude interest expense, other nonoperating income and expenses, net, and taxes on income. Corporate loss from operations primarily includes depreciation on capitalized interest, unallocated expenses for corporate administrative functions, acquisition-related expenses, and other nonrecurring income and expenses excluded from the Company’s evaluation of business segment performance and resource allocation. All debt and related interest expense is held at Corporate. The following table displays selected financial data for the Company’s reportable business segments. Total revenues, as well as the consolidated statements of earnings and comprehensive earnings, exclude intersegment revenues which represent sales from one segment to another segment, which are eliminated. Prior-year information has been reclassified to conform to current year revenue presentation. Three-Months Ended March 31, 2018 2017 (Dollars in Thousands) Total revenues Mid-America Group $ 178,781 $ 189,019 Southeast Group 80,239 90,282 West Group 473,722 495,981 Total Building Materials Business 732,742 775,282 Magnesia Specialties 69,262 68,577 Total $ 802,004 $ 843,859 Products and services revenues: Mid-America Group $ 167,890 $ 177,407 Southeast Group 77,563 86,726 West Group 442,983 463,881 Total Building Materials Business 688,436 728,014 Magnesia Specialties 64,869 64,302 Total $ 753,305 $ 792,316 Earnings (Loss) from operations Mid-America Group $ 6,167 $ 13,342 Southeast Group 2,041 10,115 West Group 34,951 61,232 Total Building Materials Business 43,159 84,689 Magnesia Specialties 21,237 19,881 Corporate (25,315 ) (27,420 ) Total $ 39,081 $ 77,150

Revenues and Gross Profit

Revenues and Gross Profit	3 Months Ended
	Mar. 31, 2018
Revenues And Gross Profit [Abstract]
Revenues and Gross Profit	10. Revenues and Gross Profit The Building Materials business includes the aggregates, cement, ready mixed concrete and asphalt and paving product lines. All cement, ready mixed concrete and asphalt and paving product lines reside in the West Group. The following table, which is reconciled to consolidated amounts, provides total revenues and gross profit by product line. Three-Months Ended March 31, 2018 2017 (Dollars in Thousands) Total revenues: Building Materials Business: Products and services: Aggregates $ 425,016 $ 451,055 Cement 89,183 93,554 Ready mixed concrete 218,537 222,378 Asphalt and paving services 16,365 21,737 Less: interproduct revenues (60,665 ) (60,710 ) Products and services 688,436 728,014 Freight 44,306 47,268 Total Building Materials Business 732,742 775,282 Magnesia Specialties: Products and services 64,869 64,302 Freight 4,393 4,275 Total Magnesia Specialties 69,262 68,577 Total $ 802,004 $ 843,859 Gross profit (loss) Building Materials Business: Products and services: Aggregates $ 53,002 $ 78,954 Cement 23,734 30,780 Ready mixed concrete 15,641 19,790 Asphalt and paving services (7,639 ) (4,740 ) Products and services 84,738 124,784 Freight (119 ) 407 Total Building Materials Business 84,619 125,191 Magnesia Specialties: Products and services 25,063 23,354 Freight (1,174 ) (1,039 ) Total Magnesia Specialties 23,889 22,315 Corporate 1,884 (439 ) Total $ 110,392 $ 147,067

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	11. Supplemental Cash Flow Information The components of the change in other assets and liabilities, net, are as follows: March 31, 2018 2017 (Dollars in Thousands) Other current and noncurrent assets $ (9,032 ) $ (22,914 ) Accrued salaries, benefits and payroll taxes (13,833 ) (21,335 ) Accrued insurance and other taxes (12,545 ) (10,557 ) Accrued income taxes 7,357 3,330 Accrued pension, postretirement and postemployment benefits 6,273 6,421 Other current and noncurrent liabilities 11,359 21,385 $ (10,421 ) $ (23,670 ) Noncash investing and financing activities are as follows: March 31, 2018 2017 (Dollars in Thousands) Noncash investing and financing activities: Accrued liabilities for purchases of property, plant and equipment $ 35,639 $ 34,666 Acquisition of assets through capital lease $ 192 $ 149 Supplemental disclosures of cash flow information are as follows: March 31, 2018 2017 (Dollars in Thousands) Cash paid for interest $ 12,458 $ 12,216 Cash (refund of) paid for income taxes $ (7,527 ) $ 6,240

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events Debt Repayment The Company repaid the $300,000,000 of 6.60% Senior Notes with cash on hand on April 16, 2018, the maturity date. Facility Limit Increase On April 17, 2018, the Company and its wholly-owned subsidiary amended its Trade Receivable Facility to increase the facility limit to $400,000,000. Bluegrass Acquisition On April 27, 2018, the Company successfully completed its previously announced acquisition of Bluegrass Materials Company (Bluegrass), the largest privately-held, pure-play aggregates company in the United States, for $1,625,000,000 in cash. Bluegrass’ operations include 23 active sites with more than 125 years of strategically-located, high-quality reserves, in Georgia, South Carolina, Tennessee, Maryland, Kentucky and Pennsylvania. These operations complement the Company’s existing southeastern footprint and provides a new growth platform within the southern portion of the Northeast Megaregion. The Company reached an agreement with the U.S. Department of Justice (DOJ), approved by the district court for the District of Columbia, which resolves all competition issues with respect to the acquisition. Under the terms of the agreement with the DOJ, Martin Marietta divested its Forsyth aggregates quarry north of Atlanta, Georgia, and will divest Bluegrass’ Beaver Creek aggregates quarry in western Maryland. The acquisition reflects a stock transaction where the Company acquired 100% of the voting interest. The Company acquired accounts receivable; inventories; property, plant and equipment; intangible assets; prepaid and other assets; and assumed accounts payable; accrued liabilities and deferred tax assets and liabilities. The Company did not acquire any of Bluegrass’ cash and cash equivalents nor did it assume any of Bluegrass’ outstanding debt. The Company is in the process of determining the fair value of assets acquired and liabilities assumed, and as of May 8, 2018, the initial accounting for the business combination has not been completed.

Significant Accounting Polici19

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Organization	Organization Martin Marietta Materials, Inc. (the Company or Martin Marietta) is a natural resource-based building materials company. The Company supplies aggregates (crushed stone, sand and gravel) through its network of 282 quarries, mines and distribution yards to its customers in 30 states, Canada, the Bahamas and the Caribbean Islands. In the western United States, Martin Marietta also provides cement and downstream products, namely, ready mixed concrete, asphalt and paving services, in vertically-integrated structured markets where the Company has a leading aggregates position. The Company’s heavy-side building materials are used in infrastructure, nonresidential and residential construction projects. Aggregates are also used in agricultural, utility and environmental applications and as railroad ballast. The aggregates, cement, ready mixed concrete and asphalt and paving product lines are reported collectively as the “Building Materials” business. The Company’s Building Materials business includes three reportable segments: the Mid-America Group, the Southeast Group and the West Group. BUILDING MATERIALS BUSINESS Reportable Segments Mid-America Group Southeast Group West Group Operating Locations Indiana, Iowa, northern Kansas, Kentucky, Maryland, Minnesota, Missouri, eastern Nebraska, North Carolina, Ohio, South Carolina, Virginia, Washington and West Virginia Alabama, Florida, Georgia, Tennessee, Arkansas, Colorado, southern Kansas, Louisiana, western Nebraska, Nevada, Oklahoma, Texas, Utah and Wyoming Product Lines Aggregates Aggregates Aggregates, Cement, Ready Mixed Concrete, Asphalt and Paving The Company has a Magnesia Specialties business with manufacturing facilities in Manistee, Michigan, and Woodville, Ohio. The Magnesia Specialties business produces magnesia-based chemicals products used in industrial, agricultural and environmental applications, and dolomitic lime sold primarily to customers in the steel and mining industries.
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and with the instructions to the Quarterly Report on Form 10-Q and in Article 10 of Regulation S-X. Other than the required adoption of two new accounting pronouncements described below, the Company has continued to follow the accounting policies set forth in the audited consolidated financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. In the opinion of management, the interim consolidated financial information provided herein reflects all adjustments, consisting of normal recurring accruals, necessary for a fair statement of the results of operations, financial position and cash flows for the interim periods. The consolidated results of operations for the three-months ended March 31, 2018 are not indicative of the results expected for other interim periods or the full year. The consolidated balance sheet at December 31, 2017 has been derived from the audited consolidated financial statements at that date but does not include all of the information and notes required by GAAP for complete financial statements. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017.
New Accounting Pronouncements	New Accounting Pronouncements Revenue from Contracts with Customers Effective January 1, 2018, the Company adopted Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments Effective January 1, 2018, the Company adopted ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments
Pending Accounting Pronouncement	Pending Accounting Pronouncement Lease Standard In February 2016, the Financial Accounting Standards Board (FASB) issued a new accounting standard, Accounting Codification Standard 842 – Leases,
Consolidated Comprehensive Earnings/Loss and Accumulated Other Comprehensive Loss	Consolidated Comprehensive Earnings/Loss and Accumulated Other Comprehensive Loss Consolidated comprehensive earnings/loss and accumulated other comprehensive loss consist of consolidated net earnings or loss; adjustments for the funded status of pension and postretirement benefit plans; foreign currency translation adjustments; and the amortization of the value of terminated forward starting interest rate swap agreements into interest expense, and are presented in the Company’s consolidated statements of earnings and comprehensive earnings. Comprehensive earnings attributable to Martin Marietta is as follows: Three-Months Ended March 31, 2018 2017 (Dollars in Thousands) Net earnings attributable to Martin Marietta Materials, Inc. $ 10,023 $ 42,334 Other comprehensive earnings, net of tax 1,619 2,262 Comprehensive earnings attributable to Martin Marietta Materials, Inc. $ 11,642 $ 44,596 Comprehensive earnings attributable to noncontrolling interests, consisting of net earnings and adjustments for the funded status of pension and postretirement benefit plans, is as follows: Three-Months Ended March 31, 2018 2017 (Dollars in Thousands) Net earnings (loss) attributable to noncontrolling interests $ 17 $ (27 ) Other comprehensive earnings, net of tax — 1 Comprehensive earnings (loss) attributable to noncontrolling interests $ 17 $ (26 ) 1. Significant Accounting Policies (continued) Consolidated Comprehensive Earnings/Loss and Accumulated Other Comprehensive Loss (continued) Changes in accumulated other comprehensive earnings (loss), net of tax, are as follows: (Dollars in Thousands) Unamortized Value of Terminated Accumulated Pension and Forward Starting Other Postretirement Foreign Interest Rate Comprehensive Benefit Plans Currency Swap Loss Three-Months Ended March 31, 2018 Balance at beginning of period $ (128,802 ) $ (22 ) $ (280 ) $ (129,104 ) Other comprehensive loss before reclassifications, net of tax — (587 ) — (587 ) Amounts reclassified from accumulated other comprehensive earnings, net of tax 1,996 — 210 2,206 Other comprehensive earnings (loss), net of tax 1,996 (587 ) 210 1,619 Balance at end of period $ (126,806 ) $ (609 ) $ (70 ) $ (127,485 ) Three-Months Ended March 31, 2017 Balance at beginning of period $ (128,373 ) $ (1,162 ) $ (1,152 ) $ (130,687 ) Other comprehensive earnings before reclassifications, net of tax — 137 — 137 Amounts reclassified from accumulated other comprehensive earnings, net of tax 1,910 — 215 2,125 Other comprehensive earnings, net of tax 1,910 137 215 2,262 Balance at end of period $ (126,463 ) $ (1,025 ) $ (937 ) $ (128,425 ) 1. Significant Accounting Policies (continued) Consolidated Comprehensive Earnings/Loss and Accumulated Other Comprehensive Loss (continued) Changes in net noncurrent deferred tax assets recorded in accumulated other comprehensive loss are as follows: (Dollars in Thousands) Pension and Postretirement Benefit Plans Unamortized Value of Terminated Forward Starting Interest Rate Swap Net Noncurrent Deferred Tax Assets Three-Months Ended March 31, 2018 Balance at beginning of period $ 79,938 $ 178 $ 80,116 Tax effect of other comprehensive earnings (658 ) (137 ) (795 ) Balance at end of period $ 79,280 $ 41 $ 79,321 Three-Months Ended March 31, 2017 Balance at beginning of period $ 82,044 $ 749 $ 82,793 Tax effect of other comprehensive earnings (1,185 ) (141 ) (1,326 ) Balance at end of period $ 80,859 $ 608 $ 81,467 1. Significant Accounting Policies (continued) Consolidated Comprehensive Earnings/Loss and Accumulated Other Comprehensive Loss (continued) Reclassifications out of accumulated other comprehensive loss are as follows: Three-Months Ended Affected line items in the consolidated March 31, statements of earnings and 2018 2017 comprehensive earnings (Dollars in Thousands) Pension and postretirement benefit plans Amortization of: Prior service credit $ (585 ) $ (357 ) Actuarial loss 3,239 3,452 2,654 3,095 Other nonoperating income, net Tax benefit (658 ) (1,185 ) Income tax expense $ 1,996 $ 1,910 Unamortized value of terminated forward starting interest rate swap Additional interest expense $ 347 $ 356 Interest expense Tax benefit (137 ) (141 ) Income tax expense $ 210 $ 215
Earnings per Common Share	Earnings per Common Share The numerator for basic and diluted earnings per common share is net earnings attributable to Martin Marietta Materials, Inc. reduced by dividends and undistributed earnings attributable to certain of the Company’s stock-based compensation. If there is a net loss, no amount of the undistributed loss is attributed to unvested participating securities. The denominator for basic earnings per common share is the weighted-average number of common shares outstanding during the period. Diluted earnings per common share are computed assuming that the weighted-average number of common shares is increased by the conversion, using the treasury stock method, of awards to be issued to employees and nonemployee members of the Company’s Board of Directors under certain stock-based compensation arrangements if the conversion is dilutive. For the three-months ended March 31, 2018 and 2017, the diluted per-share computations reflect the number of common shares outstanding to include the number of additional shares that would have been outstanding if the potentially dilutive common shares had been issued. 1. Significant Accounting Policies (continued) Earnings per Common Share The following table reconciles the numerator and denominator for basic and diluted earnings per common share: Three-Months Ended March 31, 2018 2017 (In Thousands) Net earnings attributable to Martin Marietta Materials, Inc. $ 10,023 $ 42,334 Less: Distributed and undistributed earnings attributable to unvested awards 63 153 Basic and diluted net earnings available to common shareholders attributable to Martin Marietta Materials, Inc. $ 9,960 $ 42,181 Basic weighted-average common shares outstanding 62,957 63,024 Effect of dilutive employee and director awards 265 295 Diluted weighted-average common shares outstanding 63,222 63,319

Significant Accounting Polici20

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Significant Accounting Policies [Line Items]
Changes in Accumulated Other Comprehensive Earnings (Loss), Net of Tax	Changes in accumulated other comprehensive earnings (loss), net of tax, are as follows: (Dollars in Thousands) Unamortized Value of Terminated Accumulated Pension and Forward Starting Other Postretirement Foreign Interest Rate Comprehensive Benefit Plans Currency Swap Loss Three-Months Ended March 31, 2018 Balance at beginning of period $ (128,802 ) $ (22 ) $ (280 ) $ (129,104 ) Other comprehensive loss before reclassifications, net of tax — (587 ) — (587 ) Amounts reclassified from accumulated other comprehensive earnings, net of tax 1,996 — 210 2,206 Other comprehensive earnings (loss), net of tax 1,996 (587 ) 210 1,619 Balance at end of period $ (126,806 ) $ (609 ) $ (70 ) $ (127,485 ) Three-Months Ended March 31, 2017 Balance at beginning of period $ (128,373 ) $ (1,162 ) $ (1,152 ) $ (130,687 ) Other comprehensive earnings before reclassifications, net of tax — 137 — 137 Amounts reclassified from accumulated other comprehensive earnings, net of tax 1,910 — 215 2,125 Other comprehensive earnings, net of tax 1,910 137 215 2,262 Balance at end of period $ (126,463 ) $ (1,025 ) $ (937 ) $ (128,425 )
Noncurrent Deferred Tax Assets Recorded In Accumulated Other Comprehensive Loss	Changes in net noncurrent deferred tax assets recorded in accumulated other comprehensive loss are as follows: (Dollars in Thousands) Pension and Postretirement Benefit Plans Unamortized Value of Terminated Forward Starting Interest Rate Swap Net Noncurrent Deferred Tax Assets Three-Months Ended March 31, 2018 Balance at beginning of period $ 79,938 $ 178 $ 80,116 Tax effect of other comprehensive earnings (658 ) (137 ) (795 ) Balance at end of period $ 79,280 $ 41 $ 79,321 Three-Months Ended March 31, 2017 Balance at beginning of period $ 82,044 $ 749 $ 82,793 Tax effect of other comprehensive earnings (1,185 ) (141 ) (1,326 ) Balance at end of period $ 80,859 $ 608 $ 81,467
Reclassification Out of Accumulated Other Comprehensive Loss	1. Significant Accounting Policies (continued) Consolidated Comprehensive Earnings/Loss and Accumulated Other Comprehensive Loss (continued) Reclassifications out of accumulated other comprehensive loss are as follows: Three-Months Ended Affected line items in the consolidated March 31, statements of earnings and 2018 2017 comprehensive earnings (Dollars in Thousands) Pension and postretirement benefit plans Amortization of: Prior service credit $ (585 ) $ (357 ) Actuarial loss 3,239 3,452 2,654 3,095 Other nonoperating income, net Tax benefit (658 ) (1,185 ) Income tax expense $ 1,996 $ 1,910 Unamortized value of terminated forward starting interest rate swap Additional interest expense $ 347 $ 356 Interest expense Tax benefit (137 ) (141 ) Income tax expense $ 210 $ 215
Basic and Diluted Earnings Per Common Share	1. Significant Accounting Policies (continued) Earnings per Common Share The following table reconciles the numerator and denominator for basic and diluted earnings per common share: Three-Months Ended March 31, 2018 2017 (In Thousands) Net earnings attributable to Martin Marietta Materials, Inc. $ 10,023 $ 42,334 Less: Distributed and undistributed earnings attributable to unvested awards 63 153 Basic and diluted net earnings available to common shareholders attributable to Martin Marietta Materials, Inc. $ 9,960 $ 42,181 Basic weighted-average common shares outstanding 62,957 63,024 Effect of dilutive employee and director awards 265 295 Diluted weighted-average common shares outstanding 63,222 63,319
Parent
Significant Accounting Policies [Line Items]
Comprehensive Earnings	Comprehensive earnings attributable to Martin Marietta is as follows: Three-Months Ended March 31, 2018 2017 (Dollars in Thousands) Net earnings attributable to Martin Marietta Materials, Inc. $ 10,023 $ 42,334 Other comprehensive earnings, net of tax 1,619 2,262 Comprehensive earnings attributable to Martin Marietta Materials, Inc. $ 11,642 $ 44,596
Noncontrolling Interests
Significant Accounting Policies [Line Items]
Comprehensive Earnings	Comprehensive earnings attributable to noncontrolling interests, consisting of net earnings and adjustments for the funded status of pension and postretirement benefit plans, is as follows: Three-Months Ended March 31, 2018 2017 (Dollars in Thousands) Net earnings (loss) attributable to noncontrolling interests $ 17 $ (27 ) Other comprehensive earnings, net of tax — 1 Comprehensive earnings (loss) attributable to noncontrolling interests $ 17 $ (26 )

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue From Contract With Customer [Abstract]
Schedule of Company's Total Revenues by Category for each Reportable Segment	The following table presents the Company’s total revenues by category for each reportable segment: Three-Months Ended March 31, 2018 (Dollars in Thousands) Products and Services Freight Total Mid-America Group $ 167,890 $ 10,891 $ 178,781 Southeast Group 77,563 2,676 80,239 West Group 442,983 30,739 473,722 Total Building Materials Business 688,436 44,306 732,742 Magnesia Specialties 64,869 4,393 69,262 Total $ 753,305 $ 48,699 $ 802,004 Three-Months Ended March 31, 2017 (Dollars in Thousands) Products and Services Freight Total Mid-America Group $ 177,407 $ 11,612 $ 189,019 Southeast Group 86,726 3,556 90,282 West Group 463,881 32,100 495,981 Total Building Materials Business 728,014 47,268 775,282 Magnesia Specialties 64,302 4,275 68,577 Total $ 792,316 $ 51,543 $ 843,859 Service revenues, which includes paving operations located in Colorado, were $11,143,000 and $16,000,000 for the three-months ended March 31, 2018 and 2017, respectively.
Summary of Information About the Company's Contract Balances	The following table presents information about the Company’s contract balances: (Dollars in Thousands) March 31, 2018 December 31, 2017 March 31, 2017 Costs in excess of billings $ 2,827 $ 1,310 $ 1,815 Billings in excess of costs $ 6,136 $ 7,204 $ 5,953

Inventories, Net (Tables)

Inventories, Net (Tables)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Schedule of Inventories Net	March 31, December 31, March 31, 2018 2017 2017 (Dollars in Thousands) Finished products $ 563,315 $ 552,999 $ 495,793 Products in process and raw materials 62,857 62,761 61,815 Supplies and expendable parts 128,754 128,792 120,054 754,926 744,552 677,662 Less: Allowances (148,132 ) (143,961 ) (140,662 ) Total $ 606,794 $ 600,591 $ 537,000

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Long-Term Debt	March 31, December 31, March 31, 2018 2017 2017 (Dollars in Thousands) 6.60% Senior Notes, due 2018 $ 299,967 $ 299,871 $ 299,579 7% Debentures, due 2025 124,203 124,180 124,112 6.25% Senior Notes, due 2037 228,048 228,033 227,989 4.25% Senior Notes, due 2024 395,959 395,814 395,392 4.250% Senior Notes, due 2047 591,416 591,688 — 3.500% Senior Notes, due 2027 494,402 494,352 — 3.450% Senior Notes, due 2027 296,705 296,628 — Floating Rate Senior Notes, due 2019, interest rate of 2.70% and 2.13% at March 31, 2018 and December 31, 2017, respectively 298,704 298,102 — Floating Rate Notes, due 2020, interest rate of 2.55% and 2.10% at March 31, 2018 and December 31, 2017, respectively 298,408 298,227 — Floating Rate Notes, due 2017, interest rate of 2.10% at March 31, 2017 — — 298,878 Revolving Facility, due 2022, interest rate of 1.89% at March 31, 2017 — — 210,000 Trade Receivable Facility, interest rate of 1.51% at March 31, 2017 — — 290,000 Other notes 296 308 344 Total debt 3,028,108 3,027,203 1,846,294 Less: Current maturities of long-term debt and short-term facilities (300,006 ) (299,909 ) (290,048 ) Long-term debt $ 2,728,102 $ 2,727,294 $ 1,556,246

Pension and Postretirement Be24

Pension and Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2018
Compensation And Retirement Disclosure [Abstract]
Schedule of Components of Net Periodic Benefit Cost (Credit)	The estimated components of the recorded net periodic benefit cost (credit) for pension and postretirement benefits are as follows: Three-Months Ended March 31, Pension Postretirement Benefits 2018 2017 2018 2017 (Dollars in Thousands) Service cost $ 8,148 $ 6,572 $ 22 $ 24 Interest cost 8,361 9,008 125 185 Expected return on assets (10,629 ) (9,936 ) — — Amortization of: Prior service cost (credit) 26 78 (611 ) (435 ) Actuarial loss (gain) 3,296 3,524 (57 ) (72 ) Net periodic benefit cost (credit) $ 9,202 $ 9,246 $ (521 ) $ (298 )

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Financial Data for Continuing Operation for Company's Reportable Business Segments	The following table displays selected financial data for the Company’s reportable business segments. Total revenues, as well as the consolidated statements of earnings and comprehensive earnings, exclude intersegment revenues which represent sales from one segment to another segment, which are eliminated. Prior-year information has been reclassified to conform to current year revenue presentation. Three-Months Ended March 31, 2018 2017 (Dollars in Thousands) Total revenues Mid-America Group $ 178,781 $ 189,019 Southeast Group 80,239 90,282 West Group 473,722 495,981 Total Building Materials Business 732,742 775,282 Magnesia Specialties 69,262 68,577 Total $ 802,004 $ 843,859 Products and services revenues: Mid-America Group $ 167,890 $ 177,407 Southeast Group 77,563 86,726 West Group 442,983 463,881 Total Building Materials Business 688,436 728,014 Magnesia Specialties 64,869 64,302 Total $ 753,305 $ 792,316 Earnings (Loss) from operations Mid-America Group $ 6,167 $ 13,342 Southeast Group 2,041 10,115 West Group 34,951 61,232 Total Building Materials Business 43,159 84,689 Magnesia Specialties 21,237 19,881 Corporate (25,315 ) (27,420 ) Total $ 39,081 $ 77,150

Revenues and Gross Profit (Tabl

Revenues and Gross Profit (Tables)	3 Months Ended
	Mar. 31, 2018
Revenues And Gross Profit [Abstract]
Total Revenues and Gross Profit by Product Line	The following table, which is reconciled to consolidated amounts, provides total revenues and gross profit by product line. Three-Months Ended March 31, 2018 2017 (Dollars in Thousands) Total revenues: Building Materials Business: Products and services: Aggregates $ 425,016 $ 451,055 Cement 89,183 93,554 Ready mixed concrete 218,537 222,378 Asphalt and paving services 16,365 21,737 Less: interproduct revenues (60,665 ) (60,710 ) Products and services 688,436 728,014 Freight 44,306 47,268 Total Building Materials Business 732,742 775,282 Magnesia Specialties: Products and services 64,869 64,302 Freight 4,393 4,275 Total Magnesia Specialties 69,262 68,577 Total $ 802,004 $ 843,859 Gross profit (loss) Building Materials Business: Products and services: Aggregates $ 53,002 $ 78,954 Cement 23,734 30,780 Ready mixed concrete 15,641 19,790 Asphalt and paving services (7,639 ) (4,740 ) Products and services 84,738 124,784 Freight (119 ) 407 Total Building Materials Business 84,619 125,191 Magnesia Specialties: Products and services 25,063 23,354 Freight (1,174 ) (1,039 ) Total Magnesia Specialties 23,889 22,315 Corporate 1,884 (439 ) Total $ 110,392 $ 147,067

Supplemental Cash Flow Inform27

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Components of Change in Other Assets and Liabilities, Net	The components of the change in other assets and liabilities, net, are as follows: March 31, 2018 2017 (Dollars in Thousands) Other current and noncurrent assets $ (9,032 ) $ (22,914 ) Accrued salaries, benefits and payroll taxes (13,833 ) (21,335 ) Accrued insurance and other taxes (12,545 ) (10,557 ) Accrued income taxes 7,357 3,330 Accrued pension, postretirement and postemployment benefits 6,273 6,421 Other current and noncurrent liabilities 11,359 21,385 $ (10,421 ) $ (23,670 )
Schedule Of Other Significant Noncash Transactions	Noncash investing and financing activities are as follows: March 31, 2018 2017 (Dollars in Thousands) Noncash investing and financing activities: Accrued liabilities for purchases of property, plant and equipment $ 35,639 $ 34,666 Acquisition of assets through capital lease $ 192 $ 149
Supplemental Disclosures of Cash Flow Information	Supplemental disclosures of cash flow information are as follows: March 31, 2018 2017 (Dollars in Thousands) Cash paid for interest $ 12,458 $ 12,216 Cash (refund of) paid for income taxes $ (7,527 ) $ 6,240

Significant Accounting Polici28

Significant Accounting Policies - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018FacilityStateSegment	Mar. 31, 2017USD ($)
Significant Accounting Policies [Line Items]
Number of quarries and yards | Facility	282
Number of states with aggregates business sales by destination | State	30
Number of reportable segments | Segment	3
ASU 2016-15
Significant Accounting Policies [Line Items]
Settlement proceeds from and premiums paid for corporate-owned life insurance policies reclassified from operating activity to investing activity | $		$ 181,000

Comprehensive Earnings Attribut

Comprehensive Earnings Attributable to Martin Marietta Materials Incorporated (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net earnings attributable to Martin Marietta Materials, Inc.	$ 10,023	$ 42,334
Other comprehensive earnings, net of tax	1,619	2,262
Earnings attributable to Martin Marietta Materials, Inc.	$ 11,642	$ 44,596

Comprehensive Earnings Attrib30

Comprehensive Earnings Attributable to Noncontrolling Interests (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net earnings (loss) attributable to noncontrolling interests	$ 17	$ (27)
Other comprehensive earnings, net of tax		1
Comprehensive earnings (loss) attributable to noncontrolling interests	$ 17	$ (26)

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Earnings (Loss), Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 4,682,477	$ 4,142,590
Other comprehensive earnings (loss) before reclassifications, net of tax	(587)	137
Amounts reclassified from accumulated other comprehensive earnings, net of tax	2,206	2,125
Other comprehensive earnings (loss), net of tax	1,619	2,262
Ending Balance	4,679,830	4,075,954
Pension and Postretirement Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(128,802)	(128,373)
Amounts reclassified from accumulated other comprehensive earnings, net of tax	1,996	1,910
Other comprehensive earnings (loss), net of tax	1,996	1,910
Ending Balance	(126,806)	(126,463)
Foreign Currency
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(22)	(1,162)
Other comprehensive earnings (loss) before reclassifications, net of tax	(587)	137
Other comprehensive earnings (loss), net of tax	(587)	137
Ending Balance	(609)	(1,025)
Unamortized Value of Terminated Forward Starting Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(280)	(1,152)
Amounts reclassified from accumulated other comprehensive earnings, net of tax	210	215
Other comprehensive earnings (loss), net of tax	210	215
Ending Balance	(70)	(937)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(129,104)	(130,687)
Ending Balance	$ (127,485)	$ (128,425)

Noncurrent Deferred Tax Assets

Noncurrent Deferred Tax Assets Recorded in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Equity [Abstract]
Balance at beginning of period, Pension and Postretirement Benefit Plans	$ 79,938	$ 82,044
Tax effect of other comprehensive earnings, Pension and Postretirement Benefit Plans	(658)	(1,185)
Balance at end of period, Pension and Postretirement Benefit Plans	79,280	80,859
Balance at beginning of period, Unamortized Value of Terminated Forward Starting Interest Rate Swap	178	749
Tax effect of other comprehensive earnings, Unamortized Value of Terminated Forward Starting Interest Rate Swap	(137)	(141)
Balance at end of period, Unamortized Value of Terminated Forward Starting Interest Rate Swap	41	608
Balance at beginning of period, Net Noncurrent Deferred Tax Assets	80,116	82,793
Tax effect of other comprehensive earnings, Net Noncurrent Deferred Tax Assets	(795)	(1,326)
Balance at end of period, Net Noncurrent Deferred Tax Assets	$ 79,321	$ 81,467

Reclassifications Out of Accumu

Reclassifications Out of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Additional interest expense	$ 35,087	$ 20,851
Tax benefit	2,457	14,528
Earnings from Continuing Operations	2,206	2,125
Pension and Postretirement Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Earnings from Continuing Operations	1,996	1,910
Unamortized Value of Terminated Forward Starting Interest Rate Swap
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Earnings from Continuing Operations	210	215
Reclassification out of Accumulated Other Comprehensive Income | Pension and Postretirement Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Prior service credit	(585)	(357)
Actuarial loss	3,239	3,452
Tax benefit	(658)	(1,185)
Earnings from Continuing Operations	1,996	1,910
Reclassification out of Accumulated Other Comprehensive Income | Pension and Postretirement Benefit Plans | Other Nonoperating Income, Net
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications out of accumulated other comprehensive loss before taxes	2,654	3,095
Reclassification out of Accumulated Other Comprehensive Income | Unamortized Value of Terminated Forward Starting Interest Rate Swap
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Additional interest expense	347	356
Tax benefit	(137)	(141)
Earnings from Continuing Operations	$ 210	$ 215

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Common Share (Detail) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Net earnings attributable to Martin Marietta Materials, Inc.	$ 10,023	$ 42,334
Less: Distributed and undistributed earnings attributable to unvested awards	63	153
Basic and diluted net earnings available to common shareholders attributable to Martin Marietta Materials, Inc.	$ 9,960	$ 42,181
Basic weighted-average common shares outstanding	62,957	63,024
Effect of dilutive employee and director awards	265	295
Diluted weighted-average common shares outstanding	63,222	63,319

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Revenue Recognition [Line Items]
Performance obligations, description of timing	Performance obligations within paving service agreements are satisfied over time, primarily ranging from one day to 20 months. For product revenues and freight revenues, customer payment terms are generally 30 days from invoice date. Customer payments for the paving operations are based on a contractual billing schedule and are due 30 days from invoice date.
Product and freight revenues customer payment terms	30 days
Customer payments term based on contractual billing	30 days
Future revenues from unsatisfied performance obligations	$ 88,054,000	$ 145,921,000
Revenue recognized from contract liabilities	4,199,000	3,835,000
Retainage on contracts	4,824,000	5,759,000	$ 9,029,000
Colorado
Revenue Recognition [Line Items]
Service revenues	$ 11,143,000	$ 16,000,000
Minimum
Revenue Recognition [Line Items]
Performance obligations, customer satisfaction period	1 day	1 day
Construction contracts warranty provisions period	9 months
Maximum
Revenue Recognition [Line Items]
Performance obligations, customer satisfaction period	20 months	11 months
Construction contracts warranty provisions period	1 year

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Company's Total Revenues by Category for each Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue Recognition [Line Items]
Products and Services	$ 753,305	$ 792,316
Freight	48,699	51,543
Total	802,004	843,859
Building Materials Business
Revenue Recognition [Line Items]
Products and Services	688,436	728,014
Freight	44,306	47,268
Total	732,742	775,282
Operating Segments | Mid-America Group | Building Materials Business
Revenue Recognition [Line Items]
Products and Services	167,890	177,407
Freight	10,891	11,612
Total	178,781	189,019
Operating Segments | Southeast Group | Building Materials Business
Revenue Recognition [Line Items]
Products and Services	77,563	86,726
Freight	2,676	3,556
Total	80,239	90,282
Operating Segments | West Group | Building Materials Business
Revenue Recognition [Line Items]
Products and Services	442,983	463,881
Freight	30,739	32,100
Total	473,722	495,981
Operating Segments | Magnesia Specialties
Revenue Recognition [Line Items]
Products and Services	64,869	64,302
Freight	4,393	4,275
Total	$ 69,262	$ 68,577

Revenue Recognition - Summary o

Revenue Recognition - Summary of Information About the Company's Contract Balances (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Revenue From Contract With Customer [Abstract]
Costs in excess of billings	$ 2,827	$ 1,310	$ 1,815
Billings in excess of costs	$ 6,136	$ 7,204	$ 5,953

Schedule of Inventories Net (De

Schedule of Inventories Net (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Inventory Disclosure [Abstract]
Finished products	$ 563,315	$ 552,999	$ 495,793
Products in process and raw materials	62,857	62,761	61,815
Supplies and expendable parts	128,754	128,792	120,054
Inventories, Gross	754,926	744,552	677,662
Less: Allowances	(148,132)	(143,961)	(140,662)
Total	$ 606,794	$ 600,591	$ 537,000

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Debt Instrument [Line Items]
Total debt	$ 3,028,108	$ 3,027,203	$ 1,846,294
Less: Current maturities of long-term debt and short-term facilities	(300,006)	(299,909)	(290,048)
Long-term debt	2,728,102	2,727,294	1,556,246
Revolving Facility, Due 2022
Debt Instrument [Line Items]
Total debt			210,000
6.60% Senior Notes, Due 2018
Debt Instrument [Line Items]
Total debt	299,967	299,871	299,579
7% Debentures, Due 2025
Debt Instrument [Line Items]
Total debt	124,203	124,180	124,112
6.25% Senior Notes, Due 2037
Debt Instrument [Line Items]
Total debt	228,048	228,033	227,989
4.25% Senior Notes, Due 2024
Debt Instrument [Line Items]
Total debt	395,959	395,814	395,392
4.250% Senior Notes, Due 2047
Debt Instrument [Line Items]
Total debt	591,416	591,688
Floating Rate Notes, Due 2017
Debt Instrument [Line Items]
Total debt			298,878
3.500% Senior Notes, Due 2027
Debt Instrument [Line Items]
Total debt	494,402	494,352
Floating Rate Notes, Due 2020
Debt Instrument [Line Items]
Total debt	298,408	298,227
3.450% Senior Notes, Due 2027
Debt Instrument [Line Items]
Total debt	296,705	296,628
Floating Rate Notes, Due 2019
Debt Instrument [Line Items]
Total debt	298,704	298,102
Trade Receivable Facility
Debt Instrument [Line Items]
Total debt			290,000
Other Notes
Debt Instrument [Line Items]
Total debt	$ 296	$ 308	$ 344

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Revolving Facility, Due 2022
Debt Instrument [Line Items]
Maturity year	2,022
Credit Facility interest rate			1.89%
6.60% Senior Notes, Due 2018
Debt Instrument [Line Items]
Maturity year	2,018
Interest rate on notes	6.60%
7% Debentures, Due 2025
Debt Instrument [Line Items]
Maturity year	2,025
Interest rate on notes	7.00%
6.25% Senior Notes, Due 2037
Debt Instrument [Line Items]
Maturity year	2,037
Interest rate on notes	6.25%
4.25% Senior Notes, Due 2024
Debt Instrument [Line Items]
Maturity year	2,024
Interest rate on notes	4.25%
4.250% Senior Notes, Due 2047
Debt Instrument [Line Items]
Maturity year	2,047
Interest rate on notes	4.25%
3.450% Senior Notes, Due 2027
Debt Instrument [Line Items]
Maturity year	2,027
Interest rate on notes	3.45%
Floating Rate Notes, Due 2017
Debt Instrument [Line Items]
Maturity year	2,017
Interest rate			2.10%
3.500% Senior Notes, Due 2027
Debt Instrument [Line Items]
Maturity year	2,027
Interest rate on notes	3.50%
Floating Rate Notes, Due 2020
Debt Instrument [Line Items]
Maturity year	2,020
Interest rate	2.55%	2.10%
Floating Rate Notes, Due 2019
Debt Instrument [Line Items]
Maturity year	2,019
Interest rate	2.70%	2.13%
Trade Receivable Facility
Debt Instrument [Line Items]
Credit Facility interest rate			1.51%

Long-Term Debt - Additional inf

Long-Term Debt - Additional information (Detail)	3 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Maximum consolidated debt reduction for unrestricted cash and cash equivalents for debt covenant calculation	$ 200,000,000
Additional interest expense	347,000	$ 356,000
Minimum
Debt Instrument [Line Items]
Reduction of consolidated debt in the debt ratio calculation	$ 50,000,000
Including Acquisition Bridge Debt | Maximum
Debt Instrument [Line Items]
Debt covenant	3.50
Excluding Acquisition Bridge Debt | Maximum
Debt Instrument [Line Items]
Debt covenant	3.75
Revolving Facility
Debt Instrument [Line Items]
Credit facility commitment	$ 700,000,000
Senior unsecured revolving facility, maturity period	5 years
Outstanding letters of credit	$ 2,301,000	2,507,000	$ 2,301,000
Trade Receivable Facility
Debt Instrument [Line Items]
Credit facility commitment	$ 300,000,000
Debt instrument maturity period	Sep. 26, 2018
Credit facility borrowing base	$ 349,283,000	$ 362,693,000	$ 338,784,000
Trade Receivable Facility | London Interbank Offered Rate(LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	0.725%

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Long-term debt, carrying values	$ 3,028,108	$ 3,027,203	$ 1,846,294
Long-term debt, fair values	$ 3,037,069	$ 3,144,902	$ 1,937,310

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Effective income tax rate	19.70%	25.60%
Favorable basis points on tax rate related to vesting and exercise of stock-based compensation awards, amount	$ 1,325,000
Favorable basis points on tax rate related to vesting and exercise of stock-based compensation awards	10.60%
Provision of Tax Cuts and Jobs Act, transition tax on undistributed foreign earnings, unfavorable impact, amount	$ 1,097,000
Provision of Tax Cuts and Jobs Act, transition tax on undistributed foreign earnings, unfavorable impact basis point on tax rate	8.80%
Federal statutory corporate income tax rate	21.00%		35.00%

Schedule of Components of Net P

Schedule of Components of Net Periodic Benefit Cost (Credit) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 8,148	$ 6,572
Interest cost	8,361	9,008
Expected return on assets	(10,629)	(9,936)
Prior service cost (credit)	26	78
Actuarial loss (gain)	3,296	3,524
Net periodic benefit cost (credit)	9,202	9,246
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	22	24
Interest cost	125	185
Prior service cost (credit)	(611)	(435)
Actuarial loss (gain)	(57)	(72)
Net periodic benefit cost (credit)	$ (521)	$ (298)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Commitments and Contingencies [Line Items]
Guarantee of affiliate's obligations	$ 15,500,000
Interest-only loan
Commitments and Contingencies [Line Items]
Due from affiliate	$ 6,000,000	$ 6,000,000	$ 6,000,000
Due date	Dec. 31, 2019
Interest-only loan | London Interbank Offered Rate(LIBOR)
Commitments and Contingencies [Line Items]
Basis spread on variable rate	1.75%
Revolving Line Of Credit Expires In August 2015
Commitments and Contingencies [Line Items]
Line of credit maturity date	2020-03

Business Segments - Additional

Business Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018Segment
Segment Reporting [Abstract]
Reportable business segments	3

Financial Data for Continuing O

Financial Data for Continuing Operations for Company's Reportable Business Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Total revenues	$ 802,004	$ 843,859
Products and services revenues	753,305	792,316
Earnings (Loss) from operations	39,081	77,150
Building Materials Business
Segment Reporting Information [Line Items]
Total revenues	732,742	775,282
Products and services revenues	688,436	728,014
Earnings (Loss) from operations	43,159	84,689
Operating Segments | Mid-America Group | Building Materials Business
Segment Reporting Information [Line Items]
Total revenues	178,781	189,019
Products and services revenues	167,890	177,407
Earnings (Loss) from operations	6,167	13,342
Operating Segments | Southeast Group | Building Materials Business
Segment Reporting Information [Line Items]
Total revenues	80,239	90,282
Products and services revenues	77,563	86,726
Earnings (Loss) from operations	2,041	10,115
Operating Segments | West Group | Building Materials Business
Segment Reporting Information [Line Items]
Total revenues	473,722	495,981
Products and services revenues	442,983	463,881
Earnings (Loss) from operations	34,951	61,232
Operating Segments | Magnesia Specialties
Segment Reporting Information [Line Items]
Total revenues	69,262	68,577
Products and services revenues	64,869	64,302
Earnings (Loss) from operations	21,237	19,881
Corporate
Segment Reporting Information [Line Items]
Earnings (Loss) from operations	$ (25,315)	$ (27,420)

Total Revenues and Gross Profit

Total Revenues and Gross Profit by Product Line (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Product Information [Line Items]
Total revenues	$ 802,004	$ 843,859
Gross profit (loss)	110,392	147,067
Interproduct Revenues
Product Information [Line Items]
Total revenues	(60,665)	(60,710)
Corporate
Product Information [Line Items]
Gross profit (loss)	1,884	(439)
Building Materials Business | Operating Segments
Product Information [Line Items]
Total revenues	732,742	775,282
Gross profit (loss)	84,619	125,191
Building Materials Business | Operating Segments | Products and Services
Product Information [Line Items]
Total revenues	688,436	728,014
Gross profit (loss)	84,738	124,784
Building Materials Business | Operating Segments | Freight
Product Information [Line Items]
Total revenues	44,306	47,268
Gross profit (loss)	(119)	407
Magnesia Specialties | Operating Segments
Product Information [Line Items]
Total revenues	69,262	68,577
Gross profit (loss)	23,889	22,315
Magnesia Specialties | Operating Segments | Products and Services
Product Information [Line Items]
Total revenues	64,869	64,302
Gross profit (loss)	25,063	23,354
Magnesia Specialties | Operating Segments | Freight
Product Information [Line Items]
Total revenues	4,393	4,275
Gross profit (loss)	(1,174)	(1,039)
Aggregates | Building Materials Business | Operating Segments | Reportable Subsegments | Products and Services
Product Information [Line Items]
Total revenues	425,016	451,055
Gross profit (loss)	53,002	78,954
Cement | Building Materials Business | Operating Segments | Reportable Subsegments | Products and Services
Product Information [Line Items]
Total revenues	89,183	93,554
Gross profit (loss)	23,734	30,780
Ready Mixed Concrete | Building Materials Business | Operating Segments | Reportable Subsegments | Products and Services
Product Information [Line Items]
Total revenues	218,537	222,378
Gross profit (loss)	15,641	19,790
Asphalt and Paving | Building Materials Business | Operating Segments | Reportable Subsegments | Products and Services
Product Information [Line Items]
Total revenues	16,365	21,737
Gross profit (loss)	$ (7,639)	$ (4,740)

Components of Change in Other A

Components of Change in Other Assets and Liabilities Net (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Other current and noncurrent assets	$ (9,032)	$ (22,914)
Accrued salaries, benefits and payroll taxes	(13,833)	(21,335)
Accrued insurance and other taxes	(12,545)	(10,557)
Accrued income taxes	7,357	3,330
Accrued pension, postretirement and postemployment benefits	6,273	6,421
Other current and noncurrent liabilities	11,359	21,385
Change in other assets and liabilities, net	$ (10,421)	$ (23,670)

Schedule Of Noncash Investing a

Schedule Of Noncash Investing and Financing Activities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Accrued liabilities for purchases of property, plant and equipment	$ 35,639	$ 34,666
Acquisition of assets through capital lease	$ 192	$ 149

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Cash paid for interest	$ 12,458	$ 12,216
Cash (refund of) paid for income taxes	$ (7,527)	$ 6,240

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($)	Apr. 27, 2018	Apr. 16, 2018	Apr. 17, 2018	Mar. 31, 2018
Subsequent Event | Bluegrass Materials Company
Subsequent Event [Line Items]
Business acquisition in cash	$ 1,625,000,000
Company acquired voting interest	100.00%
6.60% Senior Notes, Due 2018
Subsequent Event [Line Items]
Interest rate on notes				6.60%
6.60% Senior Notes, Due 2018 | Subsequent Event
Subsequent Event [Line Items]
Repayments of credit facility		$ 300,000,000
Interest rate on notes		6.60%
Maturity date		Apr. 16, 2018
Trade Receivable Facility
Subsequent Event [Line Items]
Credit facility commitment				$ 300,000,000
Trade Receivable Facility | Subsequent Event
Subsequent Event [Line Items]
Credit facility commitment			$ 400,000,000