Company: OC
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001370946-25-000070
Chunk: 0

Company: Owens Corning
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.06
Chunk 0
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Item 2.06.      Material Impairments.  

In connection with the Transaction (as described below), Owens Corning (the “ Company”) will sell the Company’s global glass reinforcements business (the “ GR Business”), which comprises part of the Company’s Composites business segment. As a result, under United States generally accepted accounting principles, beginning with the quarterly report on Form 10-Q for the period ending March 31, 2025, the GR Business’s financial results will be reflected in the Company’s consolidated financial statements as discontinued operations for all periods presented, and the GR Business will be classified as “held for sale.” Accordingly, the Company will be required to record the assets related to the GR Business at fair value, less an amount of estimated sale costs. As a result of the Transaction, the Company expects to recognize an impairment charge. At this time, the Company is unable in good faith to estimate the full amount or range of estimates of impairment charges associated with the Transaction. The Company will provide additional disclosure through an amendment to this Current Report on Form 8-K once it makes a determination of an estimate or range of estimates.

  Item 5.02.      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.