Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 44

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 differ from these estimates for the reasons mentioned above. At June 30, 2025, the Company had an accrual totaling $3 million for these costs, of which the current portion is $2 million. Changes in required remediation procedures or timing of those procedures, or discovery of contamination at additional sites, could result in material increases to the Company’s environmental obligations. 

During the first quarter of 2024, the Procuraduría Federal de Protección al Ambiente (“PROFEPA”) issued a ruling to Owens Corning Mexico, S. de R.L. de C.V., a subsidiary of the Company (“OC Mexico”), citing violations of Mexico’s air emissions regulations at OC Mexico’s facility in Mexico City, Mexico and imposing monetary sanctions of approximately $1 million. OC Mexico previously performed all related corrective action and, as of the date of this report, is in compliance with applicable federal and local environmental laws. During the second quarter of 2025, a final judgment by the Mexican Appeals Court dismissed PROFEPA’s appeal, cancelling a majority of the fine. OC Mexico has filed for enforcement, and the matter is considered resolved. 

14.    STOCK COMPENSATION 

Description of the PlanOn April 20, 2023, the Company’s stockholders approved the Owens Corning 2023 Stock Plan (the “2023 Stock Plan”), which authorizes grants of stock options, stock appreciation rights, stock awards (including restricted stock awards, restricted stock units and bonus stock awards), performance share awards and performance share units. At June 30, 2025, the number of shares remaining available under the 2023 Stock Plan for all stock awards was 2.6 million.Prior to the 2023 Stock Plan, employees were eligible to receive stock awards under the Owens Corning 2019 Stock Plan.Total Stock-Based Compensation ExpenseStock-based compensation expense included in both Marketing and administrative expenses and Net earnings/(loss) from discontinued operations attributable to Owens Corning, net of tax in the accompanying Consolidated Statements of Earnings is as follows:Three Months EndedJune 30,Six Months EndedJune 30,(In millions)2025202420252024Total stock-based compensation expense from continuing operations$16 $37 $36 $50 Total stock-based compensation expense from discontinued operations2 2 3 3 Total stock-based compensation expense$18 $39 $39 $53 Restricted Stock UnitsThe Company has granted restricted stock units