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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Consolidated Balance Sheets
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| December 31, | December 31, | |
|---|---|---|
| ASSETS | 2023 | 2022 |
| CURRENT ASSETS | ||
| Cash and cash equivalents | $1,615 | $1,099 |
| Receivables, less allowances of $11 at December 31, 2023 and 2022 | 987 | 961 |
| Inventories | 1,198 | 1,334 |
| Assets held for sale | — | 45 |
| Other current assets | 117 | 117 |
| Total current assets | 3,917 | 3,556 |
| Property, plant and equipment, net | 3,841 | 3,729 |
| Operating lease right-of-use assets | 222 | 204 |
| Goodwill | 1,392 | 1,383 |
| Intangible assets, net | 1,528 | 1,602 |
| Deferred income taxes | 24 | 16 |
| Other non-current assets | 313 | 262 |
| TOTAL ASSETS | $11,237 | $10,752 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $1,216 | $1,345 |
| Current operating lease liabilities | 62 | 52 |
| Long-term debt – current portion | 431 | 28 |
| Other current liabilities | 615 | 679 |
| Total current liabilities | 2,324 | 2,104 |
| Long-term debt, net of current portion | 2,615 | 2,992 |
| Pension plan liability | 69 | 78 |
| Other employee benefits liability | 112 | 118 |
| Non-current operating lease liabilities | 165 | 152 |
| Deferred income taxes | 427 | 388 |
| Other liabilities | 315 | 299 |
| Total liabilities | 6,027 | 6,131 |
| Redeemable noncontrolling interest | 25 | 25 |
| OWENS CORNING STOCKHOLDERS’ EQUITY | ||
| Preferred stock, par value $0.01 per share (a) | — | — |
| Common stock, par value $0.01 per share (b) | 1 | 1 |
| Additional paid in capital | 4,166 | 4,139 |
| Accumulated earnings | 4,794 | 3,794 |
| Accumulated other comprehensive deficit | (503) | (681) |
| Cost of common stock in treasury (c) | (3,292) | (2,678) |
| Total Owens Corning stockholders’ equity | 5,166 | 4,575 |
| Noncontrolling interests | 19 | 21 |
| Total equity | 5,185 | 4,596 |
| TOTAL LIABILITIES AND EQUITY | $11,237 | $10,752 |
(a)10 shares authorized; none issued or outstanding at December 31, 2023 and December 31, 2022
(b)400 shares authorized;135.5 issued and 87.2 outstanding at December 31, 2023;135.5 issued and 91.9 outstanding at December 31, 2022
(c)48.3 shares at December 31, 2023 and 43.6 shares at December 31, 2022
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.