Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 310

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 310
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 amount recognized in the Consolidated Balance Sheets for the years ended December 31, 2024 and 2023: December 31, 2024December 31, 2023(In millions)U.S.Non-U.S.TotalU.S.Non-U.S.TotalChange in Projected Benefit ObligationBenefit obligation at beginning of period$108 $11 $119 $115 $10 $125 Service cost1 — 1 1 — 1 Interest cost5 1 6 5 1 6 Actuarial gain(6)— (6)(2)— (2)Currency gain— (1)(1)— — — Benefits paid(10)(1)(11)(11)— (11)Benefit obligation at end of period$98 $10 $108 $108 $11 $119 Funded status$(98)$(10)$(108)$(108)$(11)$(119)The following table presents the amount recorded and respective location in the Consolidated Balance sheet:December 31, 2024December 31, 2023U.S.Non-U.S.TotalU.S.Non-U.S.Total(In millions)LocationAccrued benefit obligation – currentOther current liabilities$(10)$(1)$(11)$(11)$(1)$(12)Accrued benefit obligation – non-currentOther employee benefits liability(88)(9)(97)(97)(10)(107)Net amount recorded$(98)$(10)$(108)$(108)$(11)$(119)

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Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)16.    POSTEMPLOYMENT AND POSTRETIREMENT BENEFITS OTHER THAN PENSIONS (continued)

The following table represents the amounts recorded to Accumulated Other Comprehensive Income:(In millions)December 31, 2024December 31, 2023Amounts Recorded in AOCIU.S.Non-U.S.TotalU.S.Non-U.S.TotalNet actuarial loss$(53)$(2)$(55)$(54)$(4)$(58)Weighted-Average Assumptions Used to Determine Benefit ObligationsThe following table presents weighted average assumptions used to determine benefit obligations at the measurement dates: December 31, 20242023United States plansDiscount rate5.55 %4.90 %Rate of compensation increase