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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 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
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
Disposal Group, Including Discontinued Operation, Other Liabilities, Current 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 [1] 0 0
Common stock, par value $0.01 per share [2] 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 [3] (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
[1] 10 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024
[2] 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
[3] 51.9 shares at June 30, 2025 and 50.1 shares at December 31, 2024