Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 407

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 407
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 — Fair value of assets at end of period337 280 617 341 281 622 Change in Projected Benefit ObligationBenefit obligation at beginning of period$366 $304 $670 $638 $326 $964 Service cost3 3 6 3 3 6 Interest cost18 14 32 29 16 45 Actuarial (gain) loss(19)(15)(34)(21)9 (12)Currency (gain) loss— (10)(10)— 11 11 Benefits paid(23)(17)(40)(36)(20)(56)Settlements/curtailments(1)(3)(4)(247)(42)(289)Acquisition— 23 23 — — — Other— 1 1 — 1 1 Benefit obligation at end of period344 300 644 366 304 670 Funded status$(7)$(20)$(27)$(25)$(23)$(48)The following table presents the amount recorded and respective location in the Consolidated Balance sheets: December 31, 2024December 31, 2023(In millions)LocationU.S.Non-U.S.TotalU.S.Non-U.S.TotalPrepaid pension costOther non-current assets$— $24 $24 $— $23 $23 Accrued pension cost – currentOther current liabilities— (2)(2)— (2)(2)Accrued pension cost – non-currentPension plan liability(7)(42)(49)(25)(44)(69)Total amount recorded$(7)$(20)$(27)$(25)$(23)$(48)The following table represents the amounts recorded to Accumulated Other Comprehensive Income:December 31, 2024December 31, 2023(In millions)U.S.Non-U.S.TotalU.S.Non-U.S.TotalNet actuarial loss$(173)$(70)$(243)$(191)$(74)$(265)Net prior service cost— (5)(5)— (5)(5)Total amount recorded$(173)$(75)$(248)$(191)$(79)$(270)

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Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)15.    PENSION PLANS (continued)