Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 145

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 145
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2023, the Company took actions to optimize the operating structure of its segments across Europe to increase its competitiveness. These actions are expected to result in cumulative costs of approximately $20 million, primarily related to severance and other exit costs. During the first nine months of 2025, the Company recorded $3 million of income primarily related to a reduction in severance. The Company does not expect to recognize significant incremental costs related to these actions.

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

Consolidated Statements of (Loss) Earnings From Continuing Operations ClassificationThe following table presents the impact and respective location of total restructuring on the Consolidated Statements of Earnings From Continuing Operations, which are included within Corporate, Other and Eliminations:Three Months Ended September 30,Nine Months Ended September 30,(In millions)Location2025202420252024Accelerated depreciationCost of sales$(16)$(1)$(25)$(8)Other exit costsCost of sales(6)(1)(7)(6)Other exit costsMarketing and administrative expenses— — (1)(1)SeveranceOther expense, net(1)1 (10)(47)Other exit costsOther expense, net— — (1)— Total restructuring costs$(23)$(1)$(44)$(62)Summary of Unpaid LiabilitiesThe following table summarizes the status of the unpaid liabilities from the Company’s restructuring activities:September 30, 2025(In millions)Roofing Integration RestructuringAcquisition-related RestructuringBuilding Materials Business SaleGlobal Composites RestructuringProtective Packaging ExitWabash Facility ClosureEuropean Operating Structure OptimizationBalance at December 31, 2024$— $3 $6 $14 $— $— $5 Restructuring costs7 37 (2)5 — — (3)Payments— (10)(3)(7)— — (2)Accelerated depreciation and other non-cash items(6)(24)— — — — — Balance at September 30, 2025$1 $6 $1 $12 $— $— $— Cumulative charges incurred$7 $109 $3 $43 $83 $33 $12 As of September 30,