Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 119

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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 Statement disclosures. We do not believe the adoption of this guidance will have a material effect on our results of operations.ASU 2025-01 "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)"The amendment in this update clarifies the effective date of Update 2024-03: public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and in interim periods within those annual periods beginning after December 15, 2027.January 1, 2027We are currently assessing the impact adopting this standard will have on our Consolidated Financial Statement disclosures. We do not believe the adoption of this guidance will have a material effect on our results of operations.ASU 2024-03 "Income Statement – Reporting Comprehensive Income- Expense Disaggregation Disclosures (Subtopic 220-40)"The amendments in this update require disclosure, in the notes to financial statements, of specified information about certain costs and expenses.January 1, 2027We are currently assessing the impact adopting this standard will have on our Consolidated Financial Statement disclosures. We do not believe the adoption of this guidance will have a material effect on our results of operations.ASU 2024-02 "Codification Improvements - Amendments to Remove References to the Concepts Statements"Amendments in this update remove references to various FASB Concepts Statements.January 1, 2025We have adopted and determined that this guidance did not have a material effect on our Consolidated Financial Statements.ASU 2024-01 "Compensation - Stock Compensation" (Topic 718): Scope Application of Profits Interest and Similar Awards"This amendment adds an illustrative example to demonstrate how an entity should apply the scope guidance in paragraph 718-10-15-3 to determine whether profits interest and similar awards should be accounted for in accordance with Topic 718.January 1, 2025We have adopted and determined that this guidance did not have a material effect on our Consolidated Financial Statements.ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”This standard modifies the rate reconciliation and income taxes paid disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation, as well as requiring income taxes paid to be disaggregated by jurisdiction.January 1, 2025We have adopted and determined that this guidance did not have a material effect on our Consolidated