Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 122

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 122
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arnings:Three Months Ended September 30,Nine Months Ended September 30,(In millions)2025202420252024NET SALES$301 $283 $877 $858 COST OF SALES245 226 679 695 OPERATING EXPENSESMarketing and administrative expenses18 21 53 63 Loss from classification as discontinued operation28 — 409 — Other expense (income), net10 (1)15 (3)Total operating expenses56 20 477 60 Interest expense, net2 1 4 3 Income tax (benefit) expense(3)2 35 16 NET EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO OWENS CORNING, NET OF TAX$1 $34 $(318)$84 Major classes of assets and liabilities of discontinued operations include the following:(In millions)September 30, 2025December 31, 2024ASSETSCURRENT ASSETSCash and cash equivalents$57 $40 Receivables, less allowance126 104 Inventories218 260 Other current assets23 23 Current assets of discontinued operations424 427 Property, plant and equipment, net414 346 Goodwill100 98 Deferred income taxes4 46 Valuation allowance for discontinued operations(379)— Other non-current assets104 89 Non-current assets of discontinued operations$243 $579 LIABILITIESCURRENT LIABILITIESAccounts payable$109 $129 Other current liabilities71 97 Current liabilities of discontinued operations180 226 Other liabilities106 95 Non-current liabilities of discontinued operations$106 $95 

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

Cash flows related to discontinued operations are included within the Consolidated Statements of Cash Flows. Selected financial information related to cash flows from discontinued operations are below:Nine Months Ended September 30,(In millions)20252024Depreciation and amortization$— $72 Cash paid for property, plant and equipment$64 $55 

3.    SEGMENT INFORMATION

Effective January 1, 2025, due to a strategic shift in how we manage our business as a result of the GR Agreement, we are presenting the GR business as a discontinued operation.