Owens Corning

For the period ended Dec 31, 2023. Filed Feb 14, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 14, 2024

OC$122.97-3.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Financial Statements

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(in millions, except per share amounts)

	Twelve Months Ended December 31,
	2023	2022	2021
NET SALES	$9,677	$9,761	$8,498
COST OF SALES	6,994	7,145	6,281
Gross margin	2,683	2,616	2,217
OPERATING EXPENSES
Marketing and administrative expenses	831	803	757
Science and technology expenses	123	106	91
Gain on sale of site	(189)	—	—
Gain on equity method investment	—	(130)	—
Other expense (income), net	106	123	(69)
Total operating expenses	871	902	779
OPERATING INCOME	1,812	1,714	1,438
Non-operating expense (income), net	145	(9)	(10)
EARNINGS BEFORE INTEREST AND TAXES	1,667	1,723	1,448
Interest expense, net	76	109	126
Loss on extinguishment of debt	—	—	9
EARNINGS BEFORE TAXES	1,591	1,614	1,313
Income tax expense	401	373	319
Equity in net earnings of affiliates	3	—	1
NET EARNINGS	1,193	1,241	995
Net loss attributable to non-redeemable and redeemable noncontrolling interests	(3)	—	—
NET EARNINGS ATTRIBUTABLE TO OWENS CORNING	$1,196	$1,241	$995
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS
Basic	$13.27	$12.85	$9.61
Diluted	$13.14	$12.70	$9.54
WEIGHTED AVERAGE COMMON SHARES
Basic	90.1	96.6	103.5
Diluted	91.0	97.7	104.3

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.