Questions, Exercises, Problems, and Cases 6.19 Unusual Income Statement Items. Vulcan Materials Company, a member of the S&P 500 Index, is the nation's largest producer of construction aggregates, a major producer of asphalt mix and concrete, and a leading producer of cement in Florida. Exhibit 6.19 presents Vulcan's summarized income statement. LO 6-6 In Note 2 to the consolidated financial statements, "Discontinued Operations," Vulcan describes a June 2005 sale of substantially all assets of its Chemicals business, known as Vulcan Chemicals, to Basic Chemicals, a subsidiary of Occidental Chemical Corporation. Basic Chemicals assumed certain liabilities relating to the chemicals business, induding the obligation to monitor and remediate all releases of hazardous materials at or from the Wichita, Geismar, and Port Edwards plant facilities. The decision to sell the chemicals business was based on Vulcan's desire to focus its resources on the construction materials business. The amounts reported as discontinued operations are not revenues and expenses from Vulcan operating the