Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 77

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 77
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 Please refer to Note 11 of the Consolidated Financial Statements for further information on the nature of these costs.                        

The following table presents the impact and respective location of these income (expense) items on the Consolidated Statements of Earnings From Continuing Operations:

Three Months Ended June 30,Six Months Ended June 30,(In millions)Location2025202420252024Accelerated depreciationCost of sales$(9)$(3)(9)(7)Other exit costsCost of sales(1)(2)(1)(5)Other exit costsMarketing and administrative expenses(1)(1)(1)(1)SeveranceOther expense, net(7)(41)(9)(48)Other exit costsOther expense, net— — (1)— Total restructuring costs$(18)$(47)$(21)$(61)

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

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization From Continuing Operations

Adjusted EBITDA from continuing operations is a non-GAAP measure that excludes certain items that management does not allocate to our segment results because it believes they are not representative of the Company’s ongoing operations. Adjusted EBITDA from continuing operations is used internally by the Company for various purposes, including reporting results of operations to the Board of Directors of the Company, analysis of performance and related employee compensation measures. Although management believes that these adjustments result in a measure that provides a useful representation of our operational performance, the adjusted measure should not be considered in isolation or as a substitute for Net earnings from continuing operations attributable to Owens Corning as prepared in accordance with accounting principles generally accepted in the United States.

Adjusting income (expense) items to EBITDA are shown in the table below:

Three Months EndedJune 30,Six Months EndedJune 30,(In millions)2025202420252024Restructuring excluding depreciation$(9)$(34)$(12)$(44)Loss on Assets Held for Sale(24)— (26)— Gains on sale of certain precious metals12 — 21 — Strategic review-related charges— (15)— (17)Paroc marine recall(1)(6)(2)(7)Acquisition-related transaction costs— (29)— (47)Acquisition-related integration costs excluding amortization (4)(21)(6)(21)Recognition of acquisition inventory fair value