v3.25.1

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Millions	3 Months Ended
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Millions	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
NET SALES	$ 2,530	$ 2,017
COST OF SALES	1,805	1,389
Gross margin	725	628
OPERATING EXPENSES
Marketing and administrative expenses	261	190
Science and technology expenses	35	27
Other expense, net	22	35
Total operating expenses	318	252
OPERATING INCOME	407	376
Non-operating expense	0	0
EARNINGS FROM CONTINUING OPERATIONS BEFORE INTEREST AND TAXES	407	376
Interest expense, net	64	16
EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES	343	360
Income tax expense	88	83
NET EARNINGS FROM CONTINUING OPERATIONS	255	277
Net loss attributable to non-redeemable and redeemable noncontrolling interests	0	(1)
NET EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO OWENS CORNING	255	278
Net (loss) earnings from discontinued operations attributable to Owens Corning, net of tax	(348)	21
NET (LOSS) EARNINGS ATTRIBUTABLE TO OWENS CORNING	(93)	299
Net loss attributable to non-redeemable and redeemable noncontrolling interests	0	(1)
Net (loss) earnings	$ (93)	$ 298
(LOSS) EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS
Basic - continuing operations (in dollars per share)	$ 2.97	$ 3.18
Basic - discontinued operations (in dollars per share)	(4.05)	0.24
Basic (in dollars per share)	(1.08)	3.42
Diluted - continuing operations (in dollars per share)	2.95	3.16
Diluted - discontinued operations (in dollars per share)	(4.03)	0.24
Diluted (in dollars per share)	$ (1.08)	$ 3.40

The net result of deducting operating expenses from gross margin before interest expense, income taxes, depreciation, amortization, earnings (loss) from equity method investments, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.

+ References

No definition available.

Owens Corning 10-Q