Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 428

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 428
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 yearGross additions— — — Tax positions related to prior yearsGross additions— — 2 Gross reductions— — — Additions from Acquisitions7 — — Settlements— — (1)Expiration of statute of limitations(47)(1)(3)Impact of currency changes— — (1)Balance at end of period$30 $70 $71 During 2024, we recognized uncertain tax benefits of $47 million related primarily to the expiration of the statute of limitations in the U.S. for the 2020 tax year for both the Company and Masonite.If these unrecognized tax benefits as of December 31, 2024, were to be recognized in the future, they would decrease the Company’s income tax expense by about $28 million.The Company recognizes all interest and penalties related to unrecognized tax benefits as a component of income tax expense. Accrued interest and penalties, which are not presented in the rollforward table above, were $6 million, $9 million and $7 million as of December 31, 2024, 2023 and 2022, respectively. Related to interest and penalties, we recognized an income tax benefit of $5 million as of December 31, 2024. As of December 31, 2023 and 2022, we recognized income tax expense of $2 million and $1 million, respectively.

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

22.    SUPPLEMENTAL CASH FLOW INFORMATION

Certain cash and non-cash transactions were as follows for the periods indicated:  Twelve Months Ended December 31,(In millions)202420232022Transactions involving cash:Cash paid during the year for income taxes$423 $428 $319 Cash paid during the year for interest$226 $135 $123 Cash paid for operating leases$102 $76 $68 Cash paid for finance leases for financing activities$41 $33 $30 Cash paid for finance leases for operating activities$10 $6 $4 Non-cash transactions from operating activitiesRight-of-use assets acquired under operating leases$84 $104 $119 Right-of-use assets acquired under finance leases$196 $61 $70 The following reconciles total