Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 78

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 78
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 step-up— (12)— (12)Total adjusting items$(26)$(117)$(25)$(148)

The reconciliation from Net earnings from continuing operations attributable to Owens Corning to Adjusted EBITDA from continuing operations is shown in the table below:

Three Months EndedJune 30,Six Months Ended June 30,(In millions)2025202420252024NET EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING$334 $256 $589 $534 Net (loss) earnings attributable to non-redeemable and redeemable noncontrolling interests(1)1 (1)— NET EARNINGS FROM CONTINUING OPERATIONS333 257 588 534 Equity in net earnings of affiliates1 2 1 2 Income tax expense110 101 198 184 EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES442 356 785 716 Interest expense, net63 63 127 79 EARNINGS FROM CONTINUING OPERATIONS BEFORE INTEREST AND TAXES505 419 912 795 Less: Adjusting items from above(26)(117)(25)(148)Depreciation and amortization172 142 331 250 ADJUSTED EBITDA FROM CONTINUING OPERATIONS $703 $678 $1,268 $1,193 

Segment Results

Effective January 1, 2025, we changed our segment measure of profitability for our reportable segments from Earnings before interest and taxes ("EBIT") to EBITDA, as the measure used for purposes of making decisions about allocating resources to the segments and assessing performance. Prior period amounts have been recast to reflect the new segment measure for profitability.

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Table of ContentsITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued)

EBITDA by segment consists of net sales less related costs and expenses plus depreciation and amortization. EBITDA is presented on a basis that is used internally for evaluating segment performance. Certain items, such as general corporate expenses or income and certain other expense or income items, are excluded from the internal evaluation of segment performance. Accordingly, these items are not reflected in EBITDA for our reportable segments and are included in the Corporate, Other and Eliminations category, which is presented following the discussion of our reportable segments. Segment EBITDA is the