Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 423

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 423
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 reclassified from AOCI to net earnings, net of tax (a)(2)— Pension annuity settlement charge reclassified from AOCI, net of tax (b)— 109 Amounts classified into AOCI, net of tax17 (4)Other comprehensive income, net of tax15 105 Ending balance$(181)$(196)Hedging AdjustmentBeginning balance$11 $—       Amounts reclassified from AOCI to net earnings, net of tax (c)12 39   Amounts classified into AOCI, net of tax1 (28)Other comprehensive income (loss), net of tax13 11 Ending balance$24 $11 Total AOCI ending balance$(691)$(503)(a)These AOCI components are included in the computation of total Pension and Other Postretirement cost and are recorded in Non-operating (income) expense, net. See Notes 15 and 16 for additional information.(b)These amounts reclassified from AOCI relate to a pension annuity settlement which occurred in the fourth quarter of 2023. See Note 15 for additional information.(c)Amounts reclassified from (loss) gain on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Cost of sales or Interest expense, net depending on the hedged item. See Note 4 for additional information.

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

20.    EARNINGS PER SHARE

The following table is a reconciliation of weighted-average shares for calculating basic and diluted earnings per-share:     Twelve Months Ended December 31,(In millions, except per share amounts)202420232022Net earnings attributable to Owens Corning$647 $1,196 $1,241 Weighted-average number of shares outstanding used for basic earnings per share86.9 90.1 96.6 Non-vested restricted and performance shares0.9 0.9 1.1 Weighted-average number of shares outstanding and common equivalent shares used for diluted earnings per share87.8 91.0 97.7 Earnings per common share attributable to Owens Corning common stockholders:Basic$7.45 $13.27 $12.85 Diluted$7.37 $13.14