Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 126

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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 in the estimated long-term revenue growth rate or discount rate for the segment could increase the likelihood of a future impairment. The following table presents the carrying values of these assets as of June 30, 2025:(In millions)June 30, 2025European building and technical insulation trade name$96 Definite-Lived Intangible AssetsThe Company amortizes the cost of other intangible assets over their estimated useful lives which, individually, range up to 25 years. The Company’s future cash flows are not materially impacted by its ability to extend or renew agreements related to its amortizable intangible assets.Amortization expense for intangible assets for the three and six months ended June 30, 2025 was $39 million and $77 million, respectively. Amortization expense for intangible assets for the three and six months ended June 30, 2024 was $39 million and $55 million, respectively. Amortization expense for intangible assets is estimated to be $72 million for the remainder of 2025.The estimated amortization expense for intangible assets for the next five fiscal years ended December 31 is as follows:(In millions)Amortization2026$135 2027$126 2028$126 2029$111 2030$102 

7.    PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:(In millions)June 30,2025December 31, 2024Land$186 $178 Buildings and leasehold improvements1,354 1,238 Machinery and equipment5,141 4,876 Construction in progress550 564 Property, plant and equipment, gross7,231 6,856 Accumulated depreciation(3,279)(3,038)Property, plant and equipment, net$3,952 $3,818 Machinery and equipment include certain precious metals used in our production tooling, which comprise approximately 4% of total machinery and equipment as of June 30, 2025 and December 31, 2024. Precious metals used in our production tooling are depleted as they are consumed during the production process, depletion expense is included in Cost of Sales on the Company's Consolidated Statements of Earnings.Our production tooling needs are changing due to the announced sale of our GR business. As a result, the Company sold certain precious metals resulting in gains of $1 million and $