Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 135

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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 million for the remainder of 2025.

21

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

The estimated amortization expense for intangible assets for the next five fiscal years ended December 31 is as follows:(In millions)Amortization2026$135 2027$126 2028$125 2029$111 2030$102 

7.    PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:(In millions)September 30,2025December 31, 2024Land$186 $178 Buildings and leasehold improvements1,394 1,238 Machinery and equipment5,318 4,876 Construction in progress483 564 Property, plant and equipment, gross7,381 6,856 Accumulated depreciation(3,387)(3,038)Property, plant and equipment, net$3,994 $3,818 Machinery and equipment include certain precious metals used in our production tooling, which comprise approximately 4% of total machinery and equipment as of September 30, 2025 and December 31, 2024. Precious metals used in our production tooling are depleted as they are consumed during the production process, depletion expense is included in Cost of Sales on the Company's Consolidated Statements of Earnings.Our production tooling needs are changing due to the announced sale of our GR business. As a result, the Company sold certain precious metals resulting in no gains for the three months ended September 30, 2025 and gains of $10 million for the nine months ended September 30, 2025. These gains are included in Other expense, net on the Consolidated Statements of Earnings and are reflected in the Corporate, Other and Eliminations reporting category. The cash proceeds from the sales are included in Net cash flow used for investing activities in the Consolidated Statements of Cash Flow.We also exchanged certain precious metals used in production tooling for certain other precious metals to be used in production tooling. During the three and nine months ended September 30, 2025, these non-cash exchanges resulted in a net increase to Machinery and equipment of $14 million and $25 million, as well as gains totaling $14 million and $25 million, respectively. These gains are included in Other expense, net on the Consolidated Statements of