Owens Corning
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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Sep 30, 2024 · Filed Nov 6, 2024
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9. 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 of our 2023 Form 10-K for information about our separately-priced extended warranty contracts. A reconciliation of the warranty liability is as follows (in millions):
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Beginning balance | $97 | $88 |
| Amounts accrued for current year | 15 | 18 |
| Acquired obligations | 4 | — |
| Settlements of warranty claims | (17) | (10) |
| Ending balance | $99 | $96 |
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