Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 134

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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 (367)1,203 Technology386 (232)154 373 (199)174 Trademarks and trade names 31 (6)25 31 (4)27 Other (a)54 (2)52 52 (1)51 Total other intangible assets$3,255 $(646)$2,609 $3,251 $(571)$2,680 (a) Other primarily includes emissions rights.Indefinite-Lived Intangible AssetsThere are two indefinite-lived intangible assets that are at an increased risk of impairment, which are used by our Insulation segment and our Doors segment. In the fourth quarter of 2022, an indefinite-lived tradename used by our Insulation segment was partially impaired. A change in the estimated long-term revenue growth rate or discount rate for our Insulation segment could increase the likelihood of a future impairment. In the third quarter of 2025, we performed an interim impairment test for an indefinite-lived tradename used by our Doors segment, based on the macroeconomic conditions that precipitated the interim goodwill impairment test described above. As a result of this test, we determined that no impairment existed for the tradename.Fair value used in testing for potential impairment of our tradename was calculated using the relief-from-royalty method by applying an estimated market value royalty rate to the forecasted revenues of the businesses that utilize that asset. The assumed cash flows from this calculation are discounted at a rate based on a market participant discount rate. None of the assumptions were deemed to be significant.The following table presents the carrying values of these assets as of September 30, 2025:(In millions)September 30, 2025European building and technical insulation trade name$96 Doors trade name$195 Definite-Lived Intangible AssetsThe Company amortizes the cost of other intangible assets over their estimated useful lives which, individually, range up to 25 years. The Company’s future cash flows are not materially impacted by its ability to extend or renew agreements related to its amortizable intangible assets.Amortization expense for intangible assets for the three and nine months ended September 30, 2025 was $37 million and $114 million, respectively. Amortization expense for intangible assets for the three and nine months ended September 30, 2024 was $42 million and $97 million, respectively. Amortization expense for intangible assets is estimated to be $34