Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 2

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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IVE EARNINGS ATTRIBUTABLE TO OWENS CORNING$531 $227 $511 $490 

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)

ASSETSJune 30,2025December 31,2024CURRENT ASSETSCash and cash equivalents$230 $321 Receivables, less allowance of $3 at June 30, 2025 and $4 at December 31, 20241,644 1,140 Inventories1,459 1,327 Other current assets160 163 Current assets of discontinued operations423 427 Total current assets3,916 3,378 Property, plant and equipment, net3,952 3,818 Operating lease right-of-use assets417 411 Goodwill2,814 2,745 Intangible assets, net2,664 2,680 Deferred income taxes8 8 Other non-current assets461 456 Non-current assets of discontinued operations251 579 TOTAL ASSETS$14,483 $14,075 LIABILITIES AND EQUITYCURRENT LIABILITIESAccounts payable$1,253 $1,301 Current operating lease liabilities82 83 Short-term debt420 1 Long-term debt - current portion36 32 Other current liabilities601 654 Current liabilities of discontinued operations182 226 Total current liabilities2,574 2,297 Long-term debt, net of current portion5,080 5,067 Pension plan liability45 42 Other employee benefits liability99 101 Non-current operating lease liabilities359 348 Deferred income taxes695 719 Other liabilities318 286 Non-current liabilities of discontinued operations109 95 Total liabilities$9,279 $8,955 OWENS CORNING STOCKHOLDERS’ EQUITYPreferred stock, par value $0.01 per share (a)— — Common stock, par value $0.01 per share (b)1 1 Additional paid-in capital4,225 4,228 Accumulated earnings5,376 5,224 Accumulated other comprehensive deficit(450)(691)Cost of common stock in treasury (c)(3,989