Company: OC
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022858
Chunk: 15

Company: Owens Corning
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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ANT AND EQUIPMENTThe following table summarizes total assets by segment:(In millions)March 31, 2025December 31, 2024Assets allocated to reportable segmentsRoofing$3,464 $3,107 Insulation4,378 4,231 Doors4,455 4,454 Total assets allocated to reportable segments12,297 11,792 Assets not allocated to reportable segmentsCash and cash equivalents400 321 Non-current deferred income taxes11 8 Investments in affiliates59 86 Corporate property, plant and equipment, other assets and eliminations868 862 TOTAL ASSETS FROM CONTINUING OPERATIONS$13,635 $13,069 The following table summarizes total property, plant and equipment, net by geographic region:(In millions)March 31, 2025December 31, 2024North America$3,198 $3,182 Europe550 524 Asia Pacific68 67 Rest of world43 45 PROPERTY, PLANT AND EQUIPMENT, NET FROM CONTINUING OPERATIONS$3,859 $3,818 ADDITIONS TO PROPERTY, PLANT AND EQUIPMENTThe following table summarizes cash paid for property, plant and equipment by segment: Three Months Ended March 31,(In millions)20252024Reportable SegmentsRoofing$62 $54 Insulation81 61 Doors18 — Total reportable segments$161 $115 General corporate additions21 18 ADDITIONS TO PROPERTY, PLANT AND EQUIPMENT FROM CONTINUING OPERATIONS$182 $133 

4.    INVENTORIES 

Inventories consist of the following:(In millions)March 31, 2025December 31, 2024Finished goods$705 $664 Materials and supplies702 663 Total inventories$1,407 $1,327 

15

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

5.    DERIVATIVE FINANCIAL INSTRUMENTS 

The Company is exposed to, among other risks, the impact of changes in commodity prices, foreign currency exchange rates, and interest rates in the normal course of business. The Company’s risk management program is designed to manage the exposure and volatility arising from these risks, and utilizes derivative financial instruments