Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 37

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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62)Summary of Unpaid LiabilitiesThe following table summarizes the status of the unpaid liabilities from the Company’s restructuring activities:September 30, 2025(In millions)Roofing Integration RestructuringAcquisition-related RestructuringBuilding Materials Business SaleGlobal Composites RestructuringProtective Packaging ExitWabash Facility ClosureEuropean Operating Structure OptimizationBalance at December 31, 2024$— $3 $6 $14 $— $— $5 Restructuring costs7 37 (2)5 — — (3)Payments— (10)(3)(7)— — (2)Accelerated depreciation and other non-cash items(6)(24)— — — — — Balance at September 30, 2025$1 $6 $1 $12 $— $— $— Cumulative charges incurred$7 $109 $3 $43 $83 $33 $12 As of September 30, 2025, the remaining liability balance was comprised of $20 million related to severance, which the Company expects to pay over the next twelve months. September 30, 2024(In millions)Acquisition-related RestructuringGlobal Composites RestructuringProtective Packaging ExitWabash Facility ClosureEuropean Operating Structure OptimizationBalance at December 31, 2023$— $12 $1 $3 $6 Restructuring costs45 10 4 — 3 Payments(21)(4)(3)(3)(4)Accelerated depreciation and other non-cash items(23)(8)(2)— — Balance at September 30, 2024$1 $10 $— $— $5 Cumulative charges incurred$45 $26 $82 $33 $15 

29

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

12.    DEBT 

Details of the Company’s outstanding long-term debt, as well as the fair values, are as follows:September 30, 2025December 31, 2024(In millions)Carrying ValueFair ValueCarrying ValueFair Value3.400% senior notes, net of discount and financing fees, due 2026$399 99