Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 82

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 82
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 EndedJune 30,Six Months EndedJune 30,(In millions)2025202420252024Restructuring excluding depreciation$(9)$(34)$(12)$(44)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)Loss on Assets Held for Sale(24)— (26)— Recognition of acquisition inventory fair value step-up— (12)— (12)General corporate expense and other(54)(66)(114)(112)EBITDA$(80)$(183)$(139)$(260)

EBITDA

In Corporate, Other and Eliminations, EBITDA expenses for the second quarter and year-to-date 2025 were lower by $103 million and $121 million, respectively, compared to the same period in 2024, primarily driven by lower acquisition-related transaction and restructuring costs, along with gains on sale of certain precious metals.

General corporate expense and other for the second quarter of 2025 were lower by $12 million compared to the same period in 2024. For year-to-date, general corporate expense and other were higher by $2 million compared to the same period in 2024.

45

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

OUTLOOK

In 2025, we estimate general corporate expenses to be approximately $240 million to $260 million.

LIQUIDITY, CAPITAL RESOURCES AND OTHER RELATED MATTERS

Liquidity

The Company’s primary sources of liquidity are its balance of Cash and cash equivalents from continuing operations of $230 million as of June 30, 2025, its commercial paper program ("CP Program") and Senior Revolving Credit Facility (as defined below).

The Company has a $1.5 billion senior revolving credit facility (the “Senior Revolving Credit Facility”) that has been amended from time to time. The Senior Revolving Credit Facility was most recently amended in March 2025 to increase the borrowing limit from $1.0 billion to $1.5 billion and extend the maturity date to March 2030. No other significant terms impacting liquidity were amended