Owens Corning
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Stockholders Equity
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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
| Common StockOutstanding · TreasuryStock · APIC (a) · AccumulatedEarnings · AOCI (b) · NCI (c) · Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Par Value · Shares · Cost | |||||||||
| Balance at December 31, 2023 | 87.2 | $1 | 48.3 | $(3,292) | $4,166 | $4,794 | $(503) | $19 | $5,185 |
| Net earnings attributable to Owens Corning | — | — | — | — | — | 299 | — | — | 299 |
| Redeemable noncontrolling interest adjustment to redemption value | — | — | — | — | (1) | — | — | — | (1) |
| Currency translation adjustment | — | — | — | — | — | — | (41) | (1) | (42) |
| Deferred gain on hedging transactions (net of tax) | — | — | — | — | — | — | 5 | — | 5 |
| Issuance of common stock under share-based payment plans | 0.6 | — | (0.6) | 21 | (20) | — | — | — | 1 |
| Purchases of treasury stock | (1.1) | — | 1.1 | (162) | — | — | — | — | (162) |
| Stock-based compensation expense | — | — | — | — | 14 | — | — | — | 14 |
| Dividends declared (d) | — | — | — | — | — | (52) | — | — | (52) |
| Balance at March 31, 2024 | 86.7 | $1 | 48.8 | $(3,433) | $4,159 | $5,041 | $(539) | $18 | $5,247 |
| Net earnings attributable to Owens Corning | — | — | — | — | — | 285 | — | — | 285 |
| Net earnings attributable to non-redeemable noncontrolling interests | — | — | — | — | — | — | — | 1 | 1 |
| Currency translation adjustment | — | — | — | — | — | — | (62) | (1) | (63) |
| Pension and other postretirement adjustment (net of tax) | — | — | — | — | — | — | (1) | — | (1) |
| Deferred gain on hedging transactions (net of tax) | — | — | — | — | — | — | 5 | — | 5 |
| Purchases of non-controlling interest | — | — | — | — | — | — | — | 35 | 35 |
| Issuance of common stock under share-based payment plans | 0.3 | — | (0.3) | 60 | (47) | — | — | — | 13 |
| Purchases of treasury stock | (0.1) | — | 0.1 | (18) | — | — | — | — | (18) |
| Stock-based compensation expense | — | — | — | — | 39 | — | — | — | 39 |
| Fair value of awards included in transaction consideration | — | — | — | — | 35 | — | — | — | 35 |
| Dividends declared (d) | — | — | — | — | — | (53) | — | — | (53) |
| Balance at June 30, 2024 | 86.9 | $1 | 48.6 | $(3,391) | $4,186 | $5,273 | $(597) | $53 | $5,525 |
(a)Additional Paid in Capital (“APIC”)
(b)Accumulated Other Comprehensive Earnings (Deficit) (“AOCI”)
(c)Noncontrolling Interests (“NCI”)
(d)Quarterly dividend declaration of $0.60 per share as of June 30, 2024 and March 31, 2024
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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
| Common StockOutstanding · TreasuryStock · APIC (a) · AccumulatedEarnings · AOCI (b) · NCI (c) · Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Par Value · Shares · Cost | |||||||||
| Balance at December 31, 2022 | 91.9 | $1 | 43.6 | $(2,678) | $4,139 | $3,794 | $(681) | $21 | $4,596 |
| Net earnings attributable to Owens Corning | — | — | — | — | — | 383 | — | — | 383 |
| Net earnings attributable to non-redeemable noncontrolling interests | — | — | — | — | — | — | — | — | — |
| Redeemable noncontrolling interest adjustment to redemption value | — | — | — | — | (1) | — | — | — | (1) |
| Currency translation adjustment | — | — | — | — | — | — | 31 | — | 31 |
| Pension and other postretirement adjustment (net of tax) | — | — | — | — | — | — | (1) | — | (1) |
| Deferred loss on hedging transactions (net of tax) | — | — | — | — | — | — | (1) | — | (1) |
| Issuance of common stock under share-based payment plans | 0.7 | — | (0.7) | 23 | (22) | — | — | — | 1 |
| Purchases of treasury stock | (1.8) | — | 1.8 | (161) | — | — | — | — | (161) |
| Stock-based compensation expense | — | — | — | — | 13 | — | — | — | 13 |
| Dividends declared (d) | — | — | — | — | — | (48) | — | — | (48) |
| Balance at March 31, 2023 | 90.8 | $1 | 44.7 | $(2,816) | $4,129 | $4,129 | $(652) | $21 | $4,812 |
| Net earnings attributable to Owens Corning | — | — | — | — | — | 345 | — | — | 345 |
| Net earnings attributable to non-redeemable noncontrolling interests | — | — | — | — | — | — | — | — | — |
| Redeemable noncontrolling interest adjustment to redemption value | — | — | — | — | — | — | — | — | — |
| Currency translation adjustment | — | — | — | — | — | — | 10 | (1) | 9 |
| Pension and other postretirement adjustment (net of tax) | — | — | — | — | — | — | (2) | — | (2) |
| Deferred gain on hedging transactions (net of tax) | — | — | — | — | — | — | 7 | — | 7 |
| Issuance of common stock under share-based payment plans | 0.1 | — | (0.1) | 12 | — | — | — | — | 12 |
| Purchases of treasury stock | (1.1) | — | 1.1 | (116) | — | — | — | — | (116) |
| Stock-based compensation expense | — | — | — | — | 14 | — | — | — | 14 |
| Dividends declared (d) | — | — | — | — | — | (47) | — | — | (47) |
| Balance at June 30, 2023 | 89.8 | $1 | 45.7 | $(2,920) | $4,143 | $4,427 | $(637) | $20 | $5,034 |
(a)Additional Paid in Capital (“APIC”)
(b)Accumulated Other Comprehensive Earnings (Deficit) (“AOCI”)
(c)Noncontrolling Interests (“NCI”)
(d)Quarterly dividend declaration of $0.52 per share as of June 30, 2023 and March 31, 2023
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.