Owens Corning
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
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12. 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:
| December 31, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| Beginning balance | $97 | $88 |
| Amounts accrued for current year | 21 | 26 |
| Acquired obligations | 4 | — |
| Settlements of warranty claims | (23) | (17) |
| Ending balance | $99 | $97 |
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