Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 136

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 From Continuing Operations ClassificationThe following table presents the impact and respective location of total restructuring on the Consolidated Statements of Earnings From Continuing Operations, which are included within Corporate, Other and Eliminations:Three Months Ended June 30,Six Months Ended June 30,(In millions)Location2025202420252024Accelerated depreciationCost of sales$(9)$(3)$(9)$(7)Other exit costsCost of sales(1)(2)(1)(5)Other exit costsMarketing and administrative expenses(1)(1)(1)(1)SeveranceOther expense, net(7)(41)(9)(48)Other exit costsOther expense, net— — (1)— Total restructuring costs$(18)$(47)$(21)$(61)Summary of Unpaid LiabilitiesThe following table summarizes the status of the unpaid liabilities from the Company’s restructuring activities:June 30, 2025(In millions)Acquisition-related RestructuringBuilding Materials Business SaleGlobal Composites RestructuringProtective Packaging ExitWabash Facility ClosureEuropean Operating Structure OptimizationBalance at December 31, 2024$3 $6 $14 $— $— $5 Restructuring costs17 — 5 — — (1)Payments(5)— (3)— — (2)Accelerated depreciation and other non-cash items(9)— 2 — — — Balance at June 30, 2025$6 $6 $18 $— $— $2 Cumulative charges incurred$72 $6 $38 $83 $33 $14 As of June 30, 2025, the remaining liability balance was comprised of $32 million related to severance, which the Company expects to pay over the next twelve months. 

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

June 30, 2024(In millions)Acquisition-related RestructuringGlobal Composites RestructuringProtective Packaging ExitWabash Facility ClosureEuropean Operating Structure OptimizationBalance at December 31, 2023$— $12 $1 $3 $6 Restructuring costs41 13 4 — 3 Payments(17)(3)(3)(3)(3)Accelerated depreciation and other non-c