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DISCONTINUED OPERATIONS (Tables) | 6 Months Ended
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Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The following table summarizes Earnings from discontinued operations attributable to Owens Corning, net of tax included within the Consolidated Statements of Earnings:
| Three Months Ended June 30, | Six Months Ended June 30,
(In millions) | 2025 | 2024 | 2025 | 2024
NET SALES | $ | 306 |  | $ | 292 |  | $ | 576 |  | $ | 575 |
COST OF SALES | 230 |  | 238 |  | 434 |  | 469 |
OPERATING EXPENSES |  |  |  |
Marketing and administrative expenses | 18 |  | 20 |  | 35 |  | 42 |
Loss from classification as discontinued operation | 19 |  | — |  | 381 |  | — |
Other expense (income), net | 3 |  | (5) |  | 5 |  | (2) |
Total operating expenses | 40 |  | 15 |  | 421 |  | 40 |
Interest expense, net | 1 |  | 1 |  | 2 |  | 2 |
Income tax expense | 6 |  | 9 |  | 38 |  | 14 |
NET EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO OWENS CORNING, NET OF TAX | $ | 29 |  | $ | 29 |  | $ | (319) |  | $ | 50 |
Major classes of assets and liabilities of discontinued operations include the following:
(In millions) | June 30, 2025 | December 31, 2024
ASSETS |  |
CURRENT ASSETS |  |
Cash and cash equivalents | $ | 35 |  | $ | 40 |
Receivables, less allowance | 118 |  | 104 |
Inventories | 248 |  | 260 |
Other current assets | 22 |  | 23 |
Current assets of discontinued operations | 423 |  | 427 |
Property, plant and equipment, net | 393 |  | 346 |
Goodwill | 101 |  | 98 |
Deferred income taxes | 5 |  | 46 |
Valuation allowance for discontinued operations | (354) |  | — |
Other non-current assets | 106 |  | 89 |
Non-current assets of discontinued operations | $ | 251 |  | $ | 579 |
LIABILITIES |  |
CURRENT LIABILITIES |  |
Accounts payable | $ | 105 |  | $ | 129 |
Other current liabilities | 77 |  | 97 |
Current liabilities of discontinued operations | 182 |  | 226 |
Other liabilities | 109 |  | 95 |
Non-current liabilities of discontinued operations | $ | 109 |  | $ | 95 |
Cash flows related to discontinued operations are included within the Consolidated Statements of Cash Flows. Selected financial information related to cash flows from discontinued operations are below:
| Six Months Ended June 30,
(In millions) | 2025 | 2024
Depreciation and amortization | $ | — |  | $ | 49 |
Cash paid for property, plant and equipment | $ | 43 |  | $ | 44 |

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