Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 26

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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. The assumed cash flows from this calculation are discounted at a rate based on a market participant discount rate. None of the assumptions were deemed to be significant.The following table presents the carrying values of these assets as of September 30, 2025:(In millions)September 30, 2025European building and technical insulation trade name$96 Doors trade name$195 Definite-Lived Intangible AssetsThe Company amortizes the cost of other intangible assets over their estimated useful lives which, individually, range up to 25 years. The Company’s future cash flows are not materially impacted by its ability to extend or renew agreements related to its amortizable intangible assets.Amortization expense for intangible assets for the three and nine months ended September 30, 2025 was $37 million and $114 million, respectively. Amortization expense for intangible assets for the three and nine months ended September 30, 2024 was $42 million and $97 million, respectively. Amortization expense for intangible assets is estimated to be $34 million for the remainder of 2025.

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

The estimated amortization expense for intangible assets for the next five fiscal years ended December 31 is as follows:(In millions)Amortization2026$135 2027$126 2028$125 2029$111 2030$102 

7.    PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:(In millions)September 30,2025December 31, 2024Land$186 $178 Buildings and leasehold improvements1,394 1,238 Machinery and equipment5,318 4,876 Construction in progress483 564 Property, plant and equipment, gross7,381 6,856 Accumulated depreciation(3,387)(3,038)Property, plant and equipment, net$3,994 $3,818 Machinery and equipment include certain precious metals used in our production tooling, which comprise approximately 4% of total machinery and equipment as of September 30, 2025 and December 31, 2024. Precious metals used in our production tooling are depleted as they are consumed during the production process, depletion expense is included in Cost