Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 80

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 80
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The accompanying Notes to the Consolidated Financial Statements are an integral part of these Statements.

49

 OWENS CORNING AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS

(in millions)

 Twelve Months Ended December 31, 202420232022NET EARNINGS$647 $1,193 $1,241 Other comprehensive (loss) income, net of taxCurrency translation adjustment (net of tax of $0, $(2) and $(1), for the periods ended December 31, 2024, 2023 and 2022, respectively)(221)61 (104)Pension and other postretirement adjustment (net of tax of $(5), $(36) and $(3), for the periods ended December 31, 2024, 2023 and 2022, respectively)15 105 17 Hedging adjustment (net of tax of $(4), $(4) and $6, for the periods ended December 31, 2024, 2023 and 2022, respectively)13 11 (16)Total other comprehensive (loss) income, net of tax(193)177 (103)TOTAL COMPREHENSIVE EARNINGS454 1,370 1,138 Comprehensive loss attributable to non-redeemable and redeemable noncontrolling interests(6)(4)(3)COMPREHENSIVE EARNINGS ATTRIBUTABLE TO OWENS CORNING$460 $1,374 $1,141 

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Statements.

50

 OWENS CORNING AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in millions)

December 31,ASSETS20242023CURRENT ASSETSCash and cash equivalents$361 $1,615 Receivables, less allowance of $4 at December 31, 2024 and $11 at December 31, 20231,244 987 Inventories1,587 1,198 Other current assets186 117 Total current assets3,378 3,917 Property, plant and equipment, net4,164 3,841 Operating lease right-of-use assets414 222 Goodwill2,843 1,392 Intangible assets, net2,688 1,528 Deferred income taxes54 24