Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 131

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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 related to assets and liabilities recorded on the Consolidated Balance Sheets. As of September 30, 2025, the Company had notional amounts for continuing and discontinued operations of $190 million for non-designated derivative financial instruments related to foreign currency exposures in U.S. Dollars primarily related to the Mexican Peso, Indian Rupee, Brazilian Real, Hong Kong Dollar, Korean Won, Japanese Yen and the Chinese Yuan. In addition, the Company had notional amounts for continuing operations of $143 million for non-designated derivative financial instruments related to foreign currency exposures in European Euro primarily related to the Polish Złoty, U.S. Dollar, Danish Krone and Norwegian Krone.

6.     GOODWILL AND OTHER INTANGIBLE ASSETS

The Company tests goodwill and indefinite-lived intangible assets for impairment during the fourth quarter of each year, or more frequently should circumstances change or events occur that would more likely than not reduce the fair value of a reporting unit below its carrying value.GoodwillThe changes in the net carrying value of goodwill by segment are as follows:(In millions)RoofingInsulationDoorsTotalGross carrying amount at December 31, 2024$654 $1,549 $1,478 $3,681 Foreign currency translation7 67 11 85 Purchase price allocation adjustments— — 23 23 Gross carrying amount at September 30, 2025661 1,616 1,512 3,789 Accumulated impairment losses at December 31, 2024— (936)— (936)Impairment charge— — (780)(780)Foreign currency translation— (44)— (44)Accumulated impairment losses at September 30, 2025— (980)(780)(1,760)Balance, net of impairment, at September 30, 2025$661 $636 $732 $2,029 

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Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)(unaudited)

First Quarter Goodwill Triggering EventDuring the first quarter of 2025, our internal reporting and management structure changed, resulting in the identification of three new reportable segments: Roofing, Insulation and Doors. As a result of our segment reorganization, we reassigned the former Composites reportable segment assets and liabilities into the