Company: OC
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022858
Chunk: 1

Company: Owens Corning
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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31,  20252024NET (LOSS) EARNINGS$(93)$298 Other comprehensive income (loss), net of tax:Currency translation adjustment (net of tax of $0 and $0 for the three months ended March 31, 2025 and 2024, respectively)75 (42)Pension and other postretirement adjustment (net of tax of $0 and $0 for the three months ended March 31, 2025 and 2024, respectively)(3)— Hedging adjustment (net of tax of $0 and $(2) for the three months ended March 31, 2025 and 2024, respectively)1 5 Total other comprehensive income (loss), net of tax73 (37)COMPREHENSIVE (LOSS) EARNINGS(20)261 Comprehensive loss attributable to non-redeemable and redeemable noncontrolling interests— (2)COMPREHENSIVE (LOSS) EARNINGS ATTRIBUTABLE TO OWENS CORNING$(20)$263 

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Statements.

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Table of Contents

OWENS CORNING AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(unaudited)

(in millions, except per share amounts)

ASSETSMarch 31,2025December 31,2024CURRENT ASSETSCash and cash equivalents$400 $321 Receivables, less allowance of $3 at March 31, 2025 and $4 at December 31, 20241,557 1,140 Inventories1,407 1,327 Other current assets145 163 Current assets of discontinued operations415 427 Total current assets3,924 3,378 Property, plant and equipment, net3,859 3,818 Operating lease right-of-use assets405 411 Goodwill2,762 2,745 Intangible assets, net2,660 2,680 Deferred income taxes11 8 Other non-current assets429 456 Non-current assets of discontinued operations216 579 TOTAL ASSETS$14,266 $14,075 LIABILITIES AND EQUITYCURRENT LIABILITIESAccounts payable$1,292 $1,301 Current operating lease liabilities83 83 Short-term debt499 1 Long-term debt - current portion35 32