Owens Corning

16. POSTEMPLOYMENT AND POSTRETIREMENT BENEFITS OTHER THAN PENSIONS

The Company maintains health care and life insurance benefit plans for certain retired employees and their dependents. The health care plans in the United States are non-funded and pay either (1) stated percentages of covered medically necessary expenses, after subtracting payments by Medicare or other providers and after stated deductibles have been met, or (2) fixed amounts of medical expense reimbursement.

Employees hired on or before December 31, 2005 become eligible to participate in the United States health care plans upon retirement if they have accumulated 10 years of service after age 45,48 or 50, depending on the category of employee. For employees hired after December 31, 2005, the Company does not provide subsidized retiree health care. Some of the plans are contributory, with some retiree contributions adjusted annually. The Company has reserved the right to change or eliminate these benefit plans subject to the terms of collective bargaining agreements.

On February 13, 2025, the Company entered into the GR Agreement for the sale of our global GR business. In connection with the GR Agreement, some plans will be transferring at the time of sale. The related portions of liabilities are identified as discontinued operations as shown below.

The following table provides a reconciliation of the change in the projected benefit obligation and the net amount recognized in the Consolidated Balance Sheets for the years ended December 31, 2025 and 2024:

The following table presents the amount recorded and respective location in the Consolidated Balance sheet:

The following table represents the amounts recorded to Accumulated Other Comprehensive Income:

Weighted-Average Assumptions Used to Determine Benefit Obligations

The following table presents weighted average assumptions used to determine benefit obligations at the measurement dates:

Components of Net Periodic Postretirement Benefit Income

The following table presents the components of net periodic postretirement benefit income:

There was no significant net periodic postretirement income attributable to non-U.S. plans.

Weighted-Average Assumptions Used to Determine Net Periodic Postretirement Benefit Income

The following table presents the discount rates used to determine net periodic postretirement benefit income:

The following table presents health care cost trend rates used to determine net periodic postretirement benefit income, as well as information regarding the ultimate rate and the year in which the ultimate rate is reached:

Estimated Future Benefit Payments

The following table shows estimated future benefit payments from the Company’s postretirement benefit plans:

There are no significant estimated future benefit payments related to discontinued operations.

Postemployment Benefits

The Company may also provide benefits to former or inactive employees after employment but before retirement under certain conditions. These benefits include continuation of benefits such as health care and life insurance coverage. The accrued postemployment benefits liability was $4 million at December 31, 2025 and $5 million at December 31, 2024 and 2023. There was less than $1 million in postemployment benefit expense for the year ended December 31, 2025. The net periodic postemployment benefit expense for the years ended December 31, 2024 and 2023 was approximately $1 million.