Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 146

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 146
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 2025, the remaining liability balance was comprised of $20 million related to severance, which the Company expects to pay over the next twelve months. September 30, 2024(In millions)Acquisition-related RestructuringGlobal Composites RestructuringProtective Packaging ExitWabash Facility ClosureEuropean Operating Structure OptimizationBalance at December 31, 2023$— $12 $1 $3 $6 Restructuring costs45 10 4 — 3 Payments(21)(4)(3)(3)(4)Accelerated depreciation and other non-cash items(23)(8)(2)— — Balance at September 30, 2024$1 $10 $— $— $5 Cumulative charges incurred$45 $26 $82 $33 $15 

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

12.    DEBT 

Details of the Company’s outstanding long-term debt, as well as the fair values, are as follows:September 30, 2025December 31, 2024(In millions)Carrying ValueFair ValueCarrying ValueFair Value3.400% senior notes, net of discount and financing fees, due 2026$399 99 %$399 98 %5.500% senior notes, net of discount and financing fees, due 2027498 102 %497 102 %5.375% senior notes, net of discount and financing fees, due 2028— — %29 99 %3.950% senior notes, net of discount and financing fees, due 2029448 99 %447 95 %3.500% senior notes, net of discount and financing fees, due 20302 90 %2 89 %3.500% senior notes, net of discount and financing fees, due 2030342 97 %338 93 %3.875% senior notes, net of discount and financing fees, due 2030298 98 %298 94 %5.700% senior notes, net of discount and financing fees, due 2034791 105 %790 102 %7.000% senior notes, net of discount and financing fees, due 2036369