Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 276

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 276
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— $1,225 $992 $— $992 Amortizable intangible assetsCustomer relationships1,570 (367)1,203 614 (283)331 Technology373 (199)174 326 (203)123 Trademarks and trade names31 (4)27 12 (2)10 Other (a)60 (1)59 74 (2)72 Total other intangible assets$3,259 $(571)$2,688 $2,018 $(490)$1,528 (a)    Other primarily includes emissions rights.Indefinite-Lived Intangible AssetsFair values used in testing for potential impairment of our trademarks and trade names are calculated using the relief-from-royalty method by applying an estimated market value royalty rate to the forecasted revenues of the businesses that utilize those assets. The assumed cash flows from this calculation are discounted at a rate based on a market participant discount rate.The annual test performed in the fourth quarter of 2024 resulted in no impairment of indefinite-lived intangible assets. As of December 31, 2024, there is one indefinite-lived intangible asset that is at an increased risk of impairment, of which is used by our Insulation segment and was partially impaired in the fourth quarter of 2022. A change 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 this asset as of December 31, 2024:(In millions)December 31, 2024European building and technical insulation trade name$84 All remaining indefinite-lived intangible assets substantially exceeded their carrying values as of December 31, 2024.The annual test performed in the fourth quarter of 2023 resulted in no impairment of indefinite-lived intangible assets. As of December 31, 2023, there were two indefinite-lived intangible assets that were at an increased risk of impairment, both of which are used by our Insulation segment and were partially impaired in the fourth quarter of 2022. The annual tests performed in the fourth quarter of 2022 resulted in impairment of five of the Company's indefinite-lived intangible assets. Based on the results of this testing, the Company recorded pre-tax non-cash impairment charges totaling $96 million in the fourth quarter of 2022. These charges were recorded in Other expense, net on the Consolidated Statements of Earnings