Owens Corning
For the period ended Jun 30, 2026. Filed Aug 5, 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.
Jun 30, 2026 · Filed Aug 5, 2026
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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 | (2) | (20) | (6) | (28) |
| Gross carrying amount at June 30, 2026 | 659 | 1,600 | 1,502 | 3,761 |
| Accumulated impairment losses at December 31, 2025 | — | (982) | (1,135) | (2,117) |
| Foreign currency translation | — | 14 | — | 14 |
| Accumulated impairment losses at June 30, 2026 | — | (968) | (1,135) | (2,103) |
| Balance, net of impairment at June 30, 2026 | $659 | $632 | $367 | $1,658 |
Other Intangible Assets
Other intangible assets consist of the following:
| June 30, 2026 | December 31, 2025 | |||||
|---|---|---|---|---|---|---|
| (In millions) | GrossCarryingAmount | AccumulatedAmortization | NetCarryingAmount | GrossCarryingAmount | AccumulatedAmortization | NetCarryingAmount |
| Indefinite-lived trademarks and trade names | $1,196 | $— | $1,196 | $1,197 | $— | $1,197 |
| Amortizable intangible assets | ||||||
| Customer relationships | 1,538 | (475) | 1,063 | 1,551 | (431) | 1,120 |
| Technology | 380 | (257) | 123 | 382 | (241) | 141 |
| Trademarks and trade names | 31 | (8) | 23 | 31 | (7) | 24 |
| Other (a) | 57 | (2) | 55 | 55 | (2) | 53 |
| Total other intangible assets | $3,202 | $(742) | $2,460 | $3,216 | $(681) | $2,535 |
(a) Other primarily includes emissions rights.
Indefinite-Lived Intangible Assets
As of June 30, 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 June 30, 2026. A change in the estimated long-term revenue growth rate or discount rate for the segment could increase the likelihood of a future impairment.
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 and six months ended June 30, 2026 was $34 million and $68 million, respectively. Amortization expense for intangible assets for the three and six months ended June 30, 2025 was $39 million and $77 million, respectively. Amortization expense for intangible assets is estimated to be $66 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 | $125 |
| 2028 | $124 |
| 2029 | $109 |
| 2030 | $101 |
| 2031 | $100 |
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