diff --git a/cli/internal/run/real_run.go b/cli/internal/run/real_run.go
index dd4542c443a07..50725e539cc5e 100644
--- a/cli/internal/run/real_run.go
+++ b/cli/internal/run/real_run.go
@@ -224,6 +224,9 @@ func (ec *execContext) exec(ctx gocontext.Context, packageTask *nodes.PackageTas
 		return nil, nil
 	}
 
+	// Set building status now that we know it's going to run.
+	tracer(runsummary.TargetBuilding, nil, &successCode)
+
 	var prefix string
 	var prettyPrefix string
 	if ec.rs.Opts.runOpts.logPrefix == "none" {
diff --git a/cli/internal/runsummary/execution_summary.go b/cli/internal/runsummary/execution_summary.go
index 4244ad4f712cd..278758b55dfbc 100644
--- a/cli/internal/runsummary/execution_summary.go
+++ b/cli/internal/runsummary/execution_summary.go
@@ -35,7 +35,8 @@ type executionEventName int
 
 // The collection of expected build result statuses.
 const (
-	targetBuilding executionEventName = iota
+	targetInitialized executionEventName = iota
+	TargetBuilding
 	TargetBuildStopped
 	TargetBuilt
 	TargetCached
@@ -44,7 +45,9 @@ const (
 
 func (en executionEventName) toString() string {
 	switch en {
-	case targetBuilding:
+	case targetInitialized:
+		return "initialized"
+	case TargetBuilding:
 		return "building"
 	case TargetBuildStopped:
 		return "buildStopped"
@@ -107,10 +110,10 @@ type executionSummary struct {
 	profileFilename string
 
 	// These get serialized to JSON
-	success   int
-	failure   int
-	cached    int
-	attempted int
+	success   int // number of tasks that exited successfully (does not include cache hits)
+	failure   int // number of tasks that exited with failure
+	cached    int // number of tasks that had a cache hit
+	attempted int // number of tasks that started
 	startedAt time.Time
 	endedAt   time.Time
 	exitCode  int
@@ -164,7 +167,7 @@ func (es *executionSummary) run(taskID string) (func(outcome executionEventName,
 	taskExecutionSummary := es.add(&executionEvent{
 		Time:   start,
 		Label:  taskID,
-		Status: targetBuilding,
+		Status: targetInitialized,
 	})
 
 	tracer := chrometracing.Event(taskID)
@@ -219,15 +222,14 @@ func (es *executionSummary) add(event *executionEvent) *TaskExecutionSummary {
 	}
 
 	switch {
+	case event.Status == TargetBuilding:
+		es.attempted++
 	case event.Status == TargetBuildFailed:
 		es.failure++
-		es.attempted++
 	case event.Status == TargetCached:
 		es.cached++
-		es.attempted++
 	case event.Status == TargetBuilt:
 		es.success++
-		es.attempted++
 	}
 
 	return es.tasks[event.Label]
diff --git a/cli/internal/runsummary/format_execution_summary.go b/cli/internal/runsummary/format_execution_summary.go
index 22d6ef6e252b1..647bddb3fd032 100644
--- a/cli/internal/runsummary/format_execution_summary.go
+++ b/cli/internal/runsummary/format_execution_summary.go
@@ -14,7 +14,13 @@ func (rsm *Meta) printExecutionSummary() {
 	summary := rsm.RunSummary
 	ui := rsm.ui
 
-	if summary.ExecutionSummary.cached == summary.ExecutionSummary.attempted && summary.ExecutionSummary.attempted > 0 {
+	attempted := summary.ExecutionSummary.attempted
+	successful := summary.ExecutionSummary.cached + summary.ExecutionSummary.success
+	cached := summary.ExecutionSummary.cached
+	// TODO: can we use a method on ExecutionSummary here?
+	duration := time.Since(summary.ExecutionSummary.startedAt).Truncate(time.Millisecond)
+
+	if cached == attempted && attempted > 0 {
 		terminalProgram := os.Getenv("TERM_PROGRAM")
 		// On the macOS Terminal, the rainbow colors show up as a magenta background
 		// with a gray background on a single letter. Instead, we print in bold magenta
@@ -26,14 +32,16 @@ func (rsm *Meta) printExecutionSummary() {
 		}
 	}
 
-	if summary.ExecutionSummary.attempted == 0 {
+	if attempted == 0 {
 		ui.Output("") // Clear the line
 		ui.Warn("No tasks were executed as part of this run.")
 	}
 
 	ui.Output("") // Clear the line
-	ui.Output(util.Sprintf("${BOLD} Tasks:${BOLD_GREEN}    %v successful${RESET}${GRAY}, %v total${RESET}", summary.ExecutionSummary.cached+summary.ExecutionSummary.success, summary.ExecutionSummary.attempted))
-	ui.Output(util.Sprintf("${BOLD}Cached:    %v cached${RESET}${GRAY}, %v total${RESET}", summary.ExecutionSummary.cached, summary.ExecutionSummary.attempted))
-	ui.Output(util.Sprintf("${BOLD}  Time:    %v${RESET} %v${RESET}", time.Since(summary.ExecutionSummary.startedAt).Truncate(time.Millisecond), maybeFullTurbo))
+
+	// The whitespaces in the string are to align the UI in a nice way.
+	ui.Output(util.Sprintf("${BOLD} Tasks:${BOLD_GREEN}    %v successful${RESET}${GRAY}, %v total${RESET}", successful, attempted))
+	ui.Output(util.Sprintf("${BOLD}Cached:    %v cached${RESET}${GRAY}, %v total${RESET}", cached, attempted))
+	ui.Output(util.Sprintf("${BOLD}  Time:    %v${RESET} %v${RESET}", duration, maybeFullTurbo))
 	ui.Output("")
 }