Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 129

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 129
---
 contracts for discontinued operationsOther current liabilities of discontinued operations$— $1 

17

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

Consolidated Statements of Earnings ActivityThe following table presents the impact and respective location of derivative activities on the Consolidated Statements of Earnings:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In millions)Location2025202420252024Derivative activity designated as hedging instruments:Natural gas cash flow hedges:Amount of loss reclassified from AOCI (as defined below) into earnings (a)Cost of sales$— $2 $— $11 Amount of loss reclassified from AOCI (as defined below) into earnings (a)Net earnings (loss) from discontinued operations attributable to Owens Corning, net of tax$— $— $— $5 Treasury interest rate lock:Amount of loss (gain) reclassified from AOCI (as defined below) into earnings (a)Interest expense, net$— $1 $(2)$1 Derivative activity not designated as hedging instruments:Foreign currency:Amount of loss (gain) recognized in earnings (b)Other expense, net$2 $— $1 $(1)Amount of loss (gain) recognized in earnings (c)Net earnings (loss) from discontinued operations attributable to Owens Corning, net of tax$— $— $5 $(3)(a)Accumulated Other Comprehensive Income (Deficit) (“AOCI”)(b)(Gains)/losses related to foreign currency derivatives were substantially offset by net revaluation impacts on foreign currency denominated balance sheet exposures, which were also recorded in Other expense, net. Please refer to the “Other Derivatives” section below for additional detail.(c)(Gains)/losses related to foreign currency derivatives were substantially offset by net revaluation impacts on foreign currency denominated balance sheet exposures, which were also recorded in Net earnings (loss) from discontinued operations attributable to Owens Corning, net of tax. Please refer to the “Other Derivatives” section below for additional detail.Consolidated Statements of Comprehensive Earnings ActivityThe following table presents the impact of derivative activities on the Consolidated Statements of Comprehensive Earnings:Amount of Gain (Loss) Recognized in Comprehensive Earnings(In millions)Three Months EndedSeptember