Owens Corning
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
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11. Warranties
- WARRANTIES
The Company records a liability for warranty obligations at the date the related products are sold. Adjustments are made as new information becomes available. Please refer to Note 1 for information about our separately-priced extended warranty contracts. A reconciliation of the warranty liability is as follows (in millions):
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Beginning balance | $88 | $81 |
| Amounts accrued for current year | 26 | 20 |
| Settlements of warranty claims | (17) | (13) |
| Ending balance | $97 | $88 |
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