Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 369

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 369
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92 474 — 161 — $727 NET SALES$4,030 $3,668 $— $2,286 $(307)$9,677 

62

Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)2.    SEGMENT INFORMATION (continued)

Twelve Months Ended December 31, 2022(In millions)RoofingInsulationDoorsCompositesEliminationsConsolidatedDisaggregation CategoriesU.S. residential$3,355 $1,523 $— $352 $(262)$4,968 U.S. commercial and industrial160 796 — 872 (4)$1,824      Total United States3,515 2,319 — 1,224 (266)$6,792 Europe21 805 — 671 (5)$1,492 Asia-Pacific6 160 — 550 — $716 Rest of world116 430 — 215 — $761 NET SALES$3,658 $3,714 $— $2,660 $(271)$9,761 Our contracts with customers are broadly similar in nature throughout our reportable segments, but the amount, timing and uncertainty of revenue and cash flows may vary in each reportable segment due to geographic and end-market economic factors. Sales to major customer - The Company had two customers that exceeded 10% of consolidated net sales for the twelve months ended December 31, 2024. The first customer, which is a customer of the Roofing, Insulation and Doors segments, accounted for approximately 13% of the Company's consolidated net sales in 2024. The second customer, which is a customer of both the Roofing and Insulation segments, accounted for approximately 11% of the Company's consolidated sales in 2024 and 2023. No individual customers accounted for 10% or more of consolidated sales in 2022.In the United States, sales are primarily related to the residential housing market and commercial and industrial applications. Residential market demand is driven by housing starts and repair and remodeling activity (influenced by existing home sales, seasonal home improvement and damage from major storms). Significant portions of our residential products across our four reportable segments are used interchangeably in both new construction and repair and remodeling, and our customers typically