Company: OC
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022858
Chunk: 2

Company: Owens Corning
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 Other current liabilities619 654 Current liabilities of discontinued operations192 226 Total current liabilities2,720 2,297 Long-term debt, net of current portion5,045 5,067 Pension plan liability43 42 Other employee benefits liability99 101 Non-current operating lease liabilities342 348 Deferred income taxes687 719 Other liabilities296 286 Non-current liabilities of discontinued operations110 95 Total liabilities$9,342 $8,955 OWENS CORNING STOCKHOLDERS’ EQUITYPreferred stock, par value $0.01 per share (a)— — Common stock, par value $0.01 per share (b)1 1 Additional paid-in capital4,209 4,228 Accumulated earnings5,072 5,224 Accumulated other comprehensive deficit(618)(691)Cost of common stock in treasury (c)(3,782)(3,685)Total Owens Corning stockholders’ equity4,882 5,077 Noncontrolling interests42 43 Total equity4,924 5,120 TOTAL LIABILITIES AND EQUITY$14,266 $14,075 

(a)10 shares authorized; none issued or outstanding at March 31, 2025 and December 31, 2024 

(b)400 shares authorized; 135.5 issued and 85.0 outstanding at March 31, 2025; 135.5 issued and 85.4 outstanding at December 31, 2024 

(c)50.5 shares at March 31, 2025 and 50.1 shares at December 31, 2024

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Statements.

5

OWENS CORNING AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

(unaudited)

(in millions)

Three Months Ended March 31,20252024Total equity, beginning of period$5,120 $5,185 Common stock, $0.01 par value per shareBeginning of period1 1 End of period1 1 Treasury stock, $0.01 par value per shareBeginning of period(3,685)(3,292)Issuance of common stock under share-based payment plans40 21 Purchase of treasury stock(137)(162)End of period