Owens Corning
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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, 2025 · Filed Aug 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in millions, except per share amounts)
| ASSETS | June 30,2025 | December 31,2024 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash and cash equivalents | $230 | $321 |
| Receivables, less allowance of $3 at June 30, 2025 and $4 at December 31, 2024 | 1,644 | 1,140 |
| Inventories | 1,459 | 1,327 |
| Other current assets | 160 | 163 |
| Current assets of discontinued operations | 423 | 427 |
| Total current assets | 3,916 | 3,378 |
| Property, plant and equipment, net | 3,952 | 3,818 |
| Operating lease right-of-use assets | 417 | 411 |
| Goodwill | 2,814 | 2,745 |
| Intangible assets, net | 2,664 | 2,680 |
| Deferred income taxes | 8 | 8 |
| Other non-current assets | 461 | 456 |
| Non-current assets of discontinued operations | 251 | 579 |
| TOTAL ASSETS | $14,483 | $14,075 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $1,253 | $1,301 |
| Current operating lease liabilities | 82 | 83 |
| Short-term debt | 420 | 1 |
| Long-term debt - current portion | 36 | 32 |
| Other current liabilities | 601 | 654 |
| Current liabilities of discontinued operations | 182 | 226 |
| Total current liabilities | 2,574 | 2,297 |
| Long-term debt, net of current portion | 5,080 | 5,067 |
| Pension plan liability | 45 | 42 |
| Other employee benefits liability | 99 | 101 |
| Non-current operating lease liabilities | 359 | 348 |
| Deferred income taxes | 695 | 719 |
| Other liabilities | 318 | 286 |
| Non-current liabilities of discontinued operations | 109 | 95 |
| Total liabilities | $9,279 | $8,955 |
| 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 | 4,225 | 4,228 |
| Accumulated earnings | 5,376 | 5,224 |
| Accumulated other comprehensive deficit | (450) | (691) |
| Cost of common stock in treasury (c) | (3,989) | (3,685) |
| Total Owens Corning stockholders’ equity | 5,163 | 5,077 |
| Noncontrolling interests | 41 | 43 |
| Total equity | 5,204 | 5,120 |
| TOTAL LIABILITIES AND EQUITY | $14,483 | $14,075 |
(a)10 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024
(b)400 shares authorized;135.5 issued and 83.6 outstanding at June 30, 2025;135.5 issued and 85.4 outstanding at December 31, 2024
(c)51.9 shares at June 30, 2025 and 50.1 shares at December 31, 2024
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.