Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 354

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 354
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,393)(356)(623)NET CASH FLOW PROVIDED (USED) BY FINANCING ACTIVITIESProceeds from senior revolving credit and receivables securitization facilities720 — — Payments on senior revolving credit and receivables securitization facilities(720)— — Proceeds from term loan borrowing2,784 — — Payments on term loan borrowing(2,800)— — Proceeds from long-term debt1,968 — — Payments on long-term debt(873)— — Purchase of noncontrolling interest— — (9)Dividends paid(208)(188)(136)Purchases of treasury stock(491)(657)(795)Finance lease payments(41)(33)(30)Other(5)1 (4)Net cash flow provided (used) by financing activities334 (877)(974)Effect of exchange rate changes on cash(87)30 (22)Net (decrease) increase in cash, cash equivalents and restricted cash(1,254)516 141 Cash, cash equivalents and restricted cash at beginning of period1,623 1,107 966 CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD$369 $1,623 $1,107 

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

53

Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 1.    BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Unless the context requires otherwise, the terms “Owens Corning,” “Company,” “we” and “our” in these notes refer to Owens Corning and its subsidiaries.Description of BusinessOwens Corning, a Delaware corporation, is a residential and commercial building products leader committed to building a sustainable future through material innovation. The Company operates within four segments: Roofing, Insulation, Doors and Composites. Through these lines of business, Owens Corning manufactures and sells products worldwide. We are a market leader in many of our major product categories.Acquisition of Masonite International CorporationOn May 15, 2024, the Company acquired all of the outstanding shares of Masonite International Corporation (“Masonite”) at a purchase price of $133.00 per share (the "Arrangement"). Masonite is a