Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 24

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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$3,251 $(571)$2,680 (a) Other primarily includes emissions rights.

20

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

Indefinite-Lived Intangible AssetsThere is one indefinite-lived intangible asset that is at an increased risk of impairment, which is used by our Insulation segment and was partially impaired in the fourth quarter of 2022. A change in the estimated long-term revenue growth rate or discount rate for the segment could increase the likelihood of a future impairment. The following table presents the carrying values of these assets as of June 30, 2025:(In millions)June 30, 2025European building and technical insulation trade name$96 Definite-Lived Intangible AssetsThe Company amortizes the cost of other intangible assets over their estimated useful lives which, individually, range up to 25 years. The Company’s future cash flows are not materially impacted by its ability to extend or renew agreements related to its amortizable intangible assets.Amortization expense for intangible assets for the three and six months ended June 30, 2025 was $39 million and $77 million, respectively. Amortization expense for intangible assets for the three and six months ended June 30, 2024 was $39 million and $55 million, respectively. Amortization expense for intangible assets is estimated to be $72 million for the remainder of 2025.The estimated amortization expense for intangible assets for the next five fiscal years ended December 31 is as follows:(In millions)Amortization2026$135 2027$126 2028$126 2029$111 2030$102 

7.    PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:(In millions)June 30,2025December 31, 2024Land$186 $178 Buildings and leasehold improvements1,354 1,238 Machinery and equipment5,141 4,876 Construction in progress550 564 Property, plant and equipment, gross7,231 6,856 Accumulated depreciation(3,279)(3,038)Property, plant and equipment, net$3,952 $3,818 Machinery and equipment include certain precious metals used in our production tooling, which comprise