Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 36

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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15 million, primarily related to severance and other exit costs. Additionally, the Company expected to incur total non-cash charges in the range of $70 million to $75 million, primarily related to accelerated depreciation of property, plant and equipment and accelerated amortization of definite-lived intangibles.During the first nine months of 2025, the Company did not incur any charges relating to this project. The Company does not expect to incur any future charges.Wabash Facility ClosureIn April 2023, the Company took actions to support its strategy to operate a flexible and cost-efficient manufacturing network through decisions to relocate the Wabash, Indiana mineral wool operations to Joplin, Missouri, and to exit the U.S. granulated mineral wool market. These actions resulted in cumulative costs of approximately $30 million in 2023, primarily related to severance and accelerated depreciation.During the first nine months of 2025, the Company did not incur any charges relating to this project. The Company does not expect to incur any future charges.European Operating Structure OptimizationIn March 2023, the Company took actions to optimize the operating structure of its segments across Europe to increase its competitiveness. These actions are expected to result in cumulative costs of approximately $20 million, primarily related to severance and other exit costs. During the first nine months of 2025, the Company recorded $3 million of income primarily related to a reduction in severance. The Company does not expect to recognize significant incremental costs related to these actions.

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

Consolidated Statements of (Loss) Earnings From Continuing Operations ClassificationThe following table presents the impact and respective location of total restructuring on the Consolidated Statements of Earnings From Continuing Operations, which are included within Corporate, Other and Eliminations:Three Months Ended September 30,Nine Months Ended September 30,(In millions)Location2025202420252024Accelerated depreciationCost of sales$(16)$(1)$(25)$(8)Other exit costsCost of sales(6)(1)(7)(6)Other exit costsMarketing and administrative expenses— — (1)(1)SeveranceOther expense, net(1)1 (10)(47)Other exit costsOther expense, net— — (1)— Total restructuring costs$(23)$(1)$(44)$(