Owens Corning
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
Mar 31, 2026 · Filed May 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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5. Goodwill and Other Intangible Assets
| 5. | GOODWILL AND OTHER INTANGIBLE ASSETS |
The Company tests goodwill and indefinite-lived intangible assets for impairment as of October 1st each year, or more frequently should circumstances change or events occur that would more likely than not reduce the fair value of a reporting unit below its carrying amount.
Goodwill
The changes in the net carrying amount of goodwill by segment are as follows:
| (In millions) | Roofing | Insulation | Doors | Total |
|---|---|---|---|---|
| Gross carrying amount at December 31, 2025 | $661 | $1,620 | $1,515 | $3,796 |
| Divestiture | — | — | (7) | (7) |
| Foreign currency translation | (1) | (12) | (3) | (16) |
| Gross carrying amount at March 31, 2026 | 660 | 1,608 | 1,505 | 3,773 |
| Accumulated impairment losses at December 31, 2025 | — | (982) | (1,135) | (2,117) |
| Foreign currency translation | — | 8 | — | 8 |
| Accumulated impairment losses at March 31, 2026 | — | (974) | (1,135) | (2,109) |
| Balance, net of impairment at March 31, 2026 | $660 | $634 | $370 | $1,664 |
Other Intangible Assets
Other intangible assets consist of the following:
| March 31, 2026 | December 31, 2025 | |||||
|---|---|---|---|---|---|---|
| (In millions) | GrossCarryingAmount | AccumulatedAmortization | NetCarryingAmount | GrossCarryingAmount | AccumulatedAmortization | NetCarryingAmount |
| Indefinite-lived trademarks and trade names | $1,195 | $— | $1,195 | $1,197 | $— | $1,197 |
| Amortizable intangible assets | ||||||
| Customer relationships | 1,544 | (453) | 1,091 | 1,551 | (431) | 1,120 |
| Technology | 381 | (249) | 132 | 382 | (241) | 141 |
| Trademarks and trade names | 30 | (7) | 23 | 31 | (7) | 24 |
| Other (a) | 59 | (2) | 57 | 55 | (2) | 53 |
| Total other intangible assets | $3,209 | $(711) | $2,498 | $3,216 | $(681) | $2,535 |
(a) Other primarily includes emissions rights.
Indefinite-Lived Intangible Assets
As of March 31, 2026, there isone indefinite-lived intangible asset that was at an increased risk of impairment. This asset is used by our Doors segment and had a value of $156 million as of March 31, 2026.
Definite-Lived Intangible Assets
The Company amortizes the cost of other intangible assets over their estimated useful lives which, individually, range up to 25 years. The Company's future cash flows are not materially impacted by its ability to extend or renew agreements related to its amortizable intangible assets.
Amortization expense for intangible assets for the three months ended March 31, 2026 and 2025 was $34 million and $38 million, respectively. Amortization expense for intangible assets is estimated to be $100 million for the remainder of 2026.
The estimated amortization expense for intangible assets for the next five years is as follows:
| (In millions) | Amortization |
|---|---|
| 2027 | $126 |
| 2028 | $125 |
| 2029 | $110 |
| 2030 | $102 |
| 2031 | $101 |
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