Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 295

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 295
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83

Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)13.    RESTRUCTURING, ACQUISITION AND DIVESTITURE-RELATED COSTS (continued)

Summary of Unpaid LiabilitiesThe following tables summarize the status of the unpaid liabilities from the Company’s restructuring activities:December 31, 2024(In millions)Building Materials Business exitAcquisition-related RestructuringGlobal Composites RestructuringProtective Packaging ExitWabash Facility ClosureEuropean Operating Structure OptimizationBalance at December 31, 2023$— $— $12 $1 $3 $6 Restructuring costs6 55 17 5 — 3 Payments— (24)(5)(3)(3)(4)Accelerated depreciation and other non-cash items — (28)(10)(3)— — Balance at December 31, 2024$6 $3 $14 $— $— $5 Cumulative charges incurred$6 $55 $33 $83 $33 $15 As of December 31, 2024, the remaining liability balance is primarily comprised of $25 million related to severance, which the Company expects to pay over the next twelve months.As previously stated, we have engaged in restructuring programs over the past several years. For the purposes of this table, the Building Materials Asia-Pacific Optimization, Composites Strategic Realignment Actions, Roofing Restructuring Actions and Santa Clara Insulation Site restructuring programs have been aggregated as "Other Programs" for this note. As of December 31, 2024, we do not expect to incur any material future charges related to the Other Programs.December 31, 2023(In millions)Global Composites RestructuringProtective Packaging ExitWabash Facility ClosureEuropean Operating Structure OptimizationOther ProgramsBalance at December 31, 2022$— $— $— $— $8 Restructuring costs16 78 33 12 28 Payments— (8)(4)(6)(18)Accelerated depreciation and other non-cash items(4)(69)(26)— (18)Balance at December 31, 2023$12 $1 $3 $6 $— Cumulative charges incurred$16 $78 $33 $12