Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 53

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 53
---
 United States. The OBBB Act does not have a material impact on our estimated annual effective tax rate in 2025.

17.    CHANGES IN ACCUMULATED OTHER COMPREHENSIVE DEFICIT

The following table summarizes the changes in accumulated other comprehensive income (deficit):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In millions)2025202420252024Currency Translation AdjustmentBeginning balance$(280)$(421)$(534)$(318)(Loss) gain on foreign currency translation(5)69 249 (34)Other comprehensive (loss) income, net of tax(5)69 249 (34)Ending balance$(285)$(352)$(285)$(352)Pension and Other Postretirement AdjustmentBeginning balance$(189)$(197)$(181)$(196)Amounts reclassified from AOCI to net earnings, net of tax (a)— — (1)(1)Amounts classified into AOCI, net of tax1 (4)(6)(4)Other comprehensive income (loss), net of tax1 (4)(7)(5)Ending balance$(188)$(201)$(188)$(201)Hedging AdjustmentBeginning balance$19 $21 $24 $11 Amounts reclassified from AOCI to net earnings, net of tax (b)— 2 (2)12 Amounts classified into AOCI, net of tax(1)(1)(4)(1)Other comprehensive (loss) income, net of tax(1)1 (6)11 Ending balance$18 $22 $18 $22 Total AOCI ending balance$(455)$(531)$(455)$(531)(a)These AOCI components are included in the computation of total Pension and Other postretirement expense and are recorded in Non-operating expense (income).(b)Amounts reclassified from (loss) gain on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Cost of sales or Interest expense, net depending on the hedged item. See Note 5 for additional information.

38

Table of ContentsITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Management’s Discussion and Analysis (“MD&A”) is intended to help investors understand Owens Corning, our operations and our present business environment. MD&A