Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 2

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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) EARNINGS(500)386 13 874 Comprehensive (loss) earnings attributable to non-redeemable and redeemable noncontrolling interests(1)(1)1 (3)COMPREHENSIVE (LOSS) EARNINGS ATTRIBUTABLE TO OWENS CORNING$(499)$387 $12 $877 

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Statements.

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Table of Contents

OWENS CORNING AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(unaudited)

(in millions, except per share amounts)

ASSETSSeptember 30,2025December 31,2024CURRENT ASSETSCash and cash equivalents$286 $321 Receivables, less allowance of $3 at September 30, 2025 and $4 at December 31, 20241,440 1,140 Inventories1,423 1,327 Other current assets154 163 Current assets of discontinued operations424 427 Total current assets3,727 3,378 Property, plant and equipment, net3,994 3,818 Operating lease right-of-use assets429 411 Goodwill2,029 2,745 Intangible assets, net2,609 2,680 Deferred income taxes8 8 Other non-current assets478 456 Non-current assets of discontinued operations243 579 TOTAL ASSETS$13,517 $14,075 LIABILITIES AND EQUITYCURRENT LIABILITIESAccounts payable$1,316 $1,301 Current operating lease liabilities82 83 Short-term debt40 1 Long-term debt - current portion436 32 Other current liabilities615 654 Current liabilities of discontinued operations180 226 Total current liabilities2,669 2,297 Long-term debt, net of current portion4,678 5,067 Pension plan liability44 42 Other employee benefits liability99 101 Non-current operating lease liabilities372 348 Deferred income taxes789 719 Other liabilities322 286 Non-current liabilities of discontinued operations106 95 Total liabilities$9,079 $8,955 OWENS CORNING STOCKHOLDERS’ EQUITYPreferred stock, par value $0.01 per share (a)— — Common stock, par value $0.01 per share (b