Company: OC
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022858
Chunk: 3

Company: Owens Corning
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
(3,782)(3,433)Additional paid-in capital (APIC):Beginning of period4,228 4,166 Redeemable noncontrolling interest adjustment to redemption value— (1)Issuance of common stock under share-based payment plans(40)(20)Stock-based compensation expense21 14 End of period4,209 4,159 Accumulated earnings:Beginning of period5,224 4,794 Net earnings attributable to Owens Corning(93)299 Dividends declared (Dividend declarations of $0.69 per share as of March 31, 2025 and $0.60 per share as of March 31, 2024)(59)(52)End of period5,072 5,041 Accumulated other comprehensive earnings/deficit (AOCI):Beginning of period(691)(503)Currency translation adjustment75 (41)Pension and other postretirement adjustment (net of tax)(3)— Deferred gain on hedging transactions (net of tax)1 5 End of period(618)(539)Noncontrolling Interest (NCI):Beginning of period43 19 Dividends distributed to non-redeemable noncontrolling interests(1)— Currency translation adjustment— (1)End of period42 18 Total equity, end of period$4,924 $5,247 Common shares outstanding:Beginning of period85.4 87.2 Issuance of common stock under share-based payment plans0.5 0.6 Purchase of treasury stock(0.9)(1.1)End of period85.0 86.7 Treasury shares outstanding:Beginning of period50.1 48.3 Issuance of common stock under share-based payment plans(0.5)(0.6)Purchase of treasury stock0.9 1.1 End of period50.5 48.8 

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

6

OWENS CORNING AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(in millions)

Three Months EndedMarch 31,  20252024NET CASH FLOW (USED FOR) PROVIDED BY OPERATING ACTIVITIESNet (loss) earnings$(93)$298 Adjustments to reconcile net (loss) earnings to cash