Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 306

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 306
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 compensation increase3.35 %3.25 %

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Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)15.    PENSION PLANS (continued)

Components of Net Periodic Pension CostThe following table presents the components of net periodic pension cost: Twelve Months Ended December 31,(In millions)202420232022United States PlansService cost$3 $3 $5 Interest cost18 29 23 Expected return on plan assets(23)(37)(36)Amortization of actuarial loss3 5 11 Settlement/curtailment— 138 — Other(1)— — Net periodic pension cost$— $138 $3 Non-United States PlansService cost$3 $3 $4 Interest cost14 16 11 Expected return on plan assets(15)(15)(16)Amortization of actuarial loss3 3 2 Settlement/curtailment— 7 (1)Other1 1 — Net periodic pension cost$6 $15 $— TotalService cost$6 $6 $9 Interest cost32 45 34 Expected return on plan assets(38)(52)(52)Amortization of actuarial loss6 8 13 Settlement/curtailment— 145 (1)Other— 1 — Net periodic pension cost$6 $153 $3 

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Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)15.    PENSION PLANS (continued)

Weighted-Average Assumptions Used to Determine Net Periodic Pension CostThe following table presents weighted-average assumptions used to determine net periodic pension costs for the periods noted: Twelve Months Ended December 31, 202420232022United States PlansDiscount rate5.00 %5.15 %2.85 %Expected return on plan assets5.75 %5.75 %4.75 %Cash balance interest crediting rate4.63 %3.76 %1.26 %Rate of compensation increase (a)N/A N/A N/A Non-United States PlansDiscount rate4.62 %5