$OC
Owens Corning

2010 Q2 Form 10-Q Financial Statement

#000119312510176211 Filed on August 04, 2010

View on sec.gov

Income Statement

Concept 2010 Q2 2009 Q2
Revenue $1.378B $1.219B
YoY Change 13.04% -22.55%
Cost Of Revenue $1.094B $969.0M
YoY Change 12.9% -26.42%
Gross Profit $284.0M $250.0M
YoY Change 13.6% -2.72%
Gross Profit Margin 20.61% 20.51%
Selling, General & Admin $138.0M $134.0M
YoY Change 2.99% -22.09%
% of Gross Profit 48.59% 53.6%
Research & Development $18.00M $15.00M
YoY Change 20.0% -11.76%
% of Gross Profit 6.34% 6.0%
Depreciation & Amortization $79.00M $74.00M
YoY Change 6.76% -6.33%
% of Gross Profit 27.82% 29.6%
Operating Expenses $159.0M $162.0M
YoY Change -1.85% -9.5%
Operating Profit $125.0M $88.00M
YoY Change 42.05% 12.82%
Interest Expense $31.00M $26.00M
YoY Change 19.23% -189.66%
% of Operating Profit 24.8% 29.55%
Other Income/Expense, Net
YoY Change
Pretax Income $94.00M $62.00M
YoY Change 51.61% 37.78%
Income Tax -$844.0M $29.00M
% Of Pretax Income -897.87% 46.77%
Net Earnings $937.0M $33.00M
YoY Change 2739.39% -19.51%
Net Earnings / Revenue 68.0% 2.71%
Basic Earnings Per Share $7.39 $0.27
Diluted Earnings Per Share $7.33 $0.26
COMMON SHARES
Basic Shares Outstanding 126.8M shares 124.5M shares
Diluted Shares Outstanding 127.9M shares 126.1M shares

Balance Sheet

Concept 2010 Q2 2009 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.00M $110.0M
YoY Change -72.73% -9.09%
Cash & Equivalents $30.00M $110.0M
Short-Term Investments
Other Short-Term Assets $175.0M $135.0M
YoY Change 29.63% -24.16%
Inventory $623.0M $827.0M
Prepaid Expenses
Receivables $740.0M $684.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.568B $1.756B
YoY Change -10.71% -15.54%
LONG-TERM ASSETS
Property, Plant & Equipment $2.711B $2.781B
YoY Change -2.52% -0.82%
Goodwill
YoY Change
Intangibles $1.159B
YoY Change
Long-Term Investments
YoY Change
Other Assets $222.0M $223.0M
YoY Change -0.45% -70.27%
Total Long-Term Assets $5.714B $5.309B
YoY Change 7.63% -10.61%
TOTAL ASSETS
Total Short-Term Assets $1.568B $1.756B
Total Long-Term Assets $5.714B $5.309B
Total Assets $7.282B $7.065B
YoY Change 3.07% -11.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $943.0M $876.0M
YoY Change 7.65% -26.01%
Accrued Expenses $10.00M
YoY Change -9.09%
Deferred Revenue
YoY Change
Short-Term Debt $4.000M $9.000M
YoY Change -55.56% -79.55%
Long-Term Debt Due $6.000M $11.00M
YoY Change -45.45% 57.14%
Total Short-Term Liabilities $953.0M $906.0M
YoY Change 5.19% -27.29%
LONG-TERM LIABILITIES
Long-Term Debt $1.667B $2.249B
YoY Change -25.88% 9.76%
Other Long-Term Liabilities $136.0M $692.0M
YoY Change -80.35% 10.72%
Total Long-Term Liabilities $136.0M $2.941B
YoY Change -95.38% 9.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $953.0M $906.0M
Total Long-Term Liabilities $136.0M $2.941B
Total Liabilities $1.089B $4.315B
YoY Change -74.76% 8.85%
SHAREHOLDERS EQUITY
Retained Earnings $246.0M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $106.0M
YoY Change
Treasury Stock Shares 4.900M shares
Shareholders Equity $3.765B $2.750B
YoY Change
Total Liabilities & Shareholders Equity $7.282B $7.065B
YoY Change 3.07% -11.89%

Cashflow Statement

Concept 2010 Q2 2009 Q2
OPERATING ACTIVITIES
Net Income $937.0M $33.00M
YoY Change 2739.39% -19.51%
Depreciation, Depletion And Amortization $79.00M $74.00M
YoY Change 6.76% -6.33%
Cash From Operating Activities $161.0M $190.0M
YoY Change -15.26% -1155.56%
INVESTING ACTIVITIES
Capital Expenditures -$58.00M -$55.00M
YoY Change 5.45% -42.11%
Acquisitions
YoY Change
Other Investing Activities $9.000M $17.00M
YoY Change -47.06% -92.38%
Cash From Investing Activities -$49.00M -$38.00M
YoY Change 28.95% -129.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -540.0M -136.0M
YoY Change 297.06% 34.65%
NET CHANGE
Cash From Operating Activities 161.0M 190.0M
Cash From Investing Activities -49.00M -38.00M
Cash From Financing Activities -540.0M -136.0M
Net Change In Cash -428.0M 16.00M
YoY Change -2775.0% 77.78%
FREE CASH FLOW
Cash From Operating Activities $161.0M $190.0M
Capital Expenditures -$58.00M -$55.00M
Free Cash Flow $219.0M $245.0M
YoY Change -10.61% 218.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2010Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
128316448 shares
CY2010Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1378000000 USD
CY2010Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18000000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2010
dei Entity Registrant Name
EntityRegistrantName
Owens Corning
dei Entity Central Index Key
EntityCentralIndexKey
0001370946
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2010-06-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2009Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1219000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2643000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2293000000 USD
CY2010Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
1094000000 USD
CY2009Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
969000000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
2123000000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1885000000 USD
CY2010Q2 us-gaap Gross Profit
GrossProfit
284000000 USD
CY2009Q2 us-gaap Gross Profit
GrossProfit
250000000 USD
us-gaap Gross Profit
GrossProfit
520000000 USD
us-gaap Gross Profit
GrossProfit
408000000 USD
CY2009Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
36000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
30000000 USD
CY2010Q2 us-gaap Restructuring Charges
RestructuringCharges
3000000 USD
CY2009Q2 us-gaap Restructuring Charges
RestructuringCharges
8000000 USD
us-gaap Restructuring Charges
RestructuringCharges
9000000 USD
us-gaap Restructuring Charges
RestructuringCharges
30000000 USD
CY2010Q2 oc Employee Emergence Equity Program Expense
EmployeeEmergenceEquityProgramExpense
0 USD
CY2009Q2 oc Employee Emergence Equity Program Expense
EmployeeEmergenceEquityProgramExpense
6000000 USD
oc Employee Emergence Equity Program Expense
EmployeeEmergenceEquityProgramExpense
0 USD
oc Employee Emergence Equity Program Expense
EmployeeEmergenceEquityProgramExpense
12000000 USD
CY2010Q2 oc Other Expenses Net
OtherExpensesNet
0 USD
CY2009Q2 oc Other Expenses Net
OtherExpensesNet
5000000 USD
oc Other Expenses Net
OtherExpensesNet
5000000 USD
oc Other Expenses Net
OtherExpensesNet
14000000 USD
CY2010Q2 us-gaap Operating Expenses
OperatingExpenses
159000000 USD
CY2009Q2 us-gaap Operating Expenses
OperatingExpenses
162000000 USD
us-gaap Operating Expenses
OperatingExpenses
312000000 USD
us-gaap Operating Expenses
OperatingExpenses
338000000 USD
CY2010Q2 us-gaap Interest Expense
InterestExpense
31000000 USD
CY2009Q2 us-gaap Interest Expense
InterestExpense
26000000 USD
us-gaap Interest Expense
InterestExpense
57000000 USD
us-gaap Interest Expense
InterestExpense
51000000 USD
CY2009Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2010Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126800000 shares
CY2009Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124400000 shares
CY2010Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
94000000 USD
CY2009Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
62000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
151000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
19000000 USD
CY2010Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-844000000 USD
CY2009Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-835000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15000000 USD
CY2010Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000000 USD
CY2009Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000000 USD
CY2010Q2 us-gaap Profit Loss
ProfitLoss
939000000 USD
CY2009Q2 us-gaap Profit Loss
ProfitLoss
33000000 USD
us-gaap Profit Loss
ProfitLoss
5000000 USD
CY2010Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000000 USD
CY2009Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2010Q2 us-gaap Net Income Loss
NetIncomeLoss
937000000 USD
CY2009Q2 us-gaap Net Income Loss
NetIncomeLoss
33000000 USD
us-gaap Net Income Loss
NetIncomeLoss
985000000 USD
us-gaap Net Income Loss
NetIncomeLoss
5000000 USD
CY2010Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.39
CY2009Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.77
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2010Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.33
CY2010Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127900000 shares
CY2009Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125900000 shares
oc Marketing And Administrative Expenses
MarketingAndAdministrativeExpenses
262000000 USD
CY2010Q2 oc Marketing And Administrative Expenses
MarketingAndAdministrativeExpenses
138000000 USD
CY2009Q2 oc Marketing And Administrative Expenses
MarketingAndAdministrativeExpenses
128000000 USD
oc Marketing And Administrative Expenses
MarketingAndAdministrativeExpenses
252000000 USD
us-gaap Profit Loss
ProfitLoss
988000000 USD
CY2010Q2 oc Earnings Before Interest And Taxes
EarningsBeforeInterestAndTaxes
125000000 USD
CY2009Q2 oc Earnings Before Interest And Taxes
EarningsBeforeInterestAndTaxes
88000000 USD
oc Earnings Before Interest And Taxes
EarningsBeforeInterestAndTaxes
208000000 USD
oc Earnings Before Interest And Taxes
EarningsBeforeInterestAndTaxes
70000000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
564000000 USD
CY2010Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
740000000 USD
CY2009Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
552000000 USD
CY2010Q2 us-gaap Inventory Net
InventoryNet
623000000 USD
CY2009Q4 us-gaap Inventory Net
InventoryNet
615000000 USD
CY2010Q2 us-gaap Other Assets Current
OtherAssetsCurrent
175000000 USD
CY2009 us-gaap Commitments And Contingencies2009
CommitmentsAndContingencies2009
CY2010Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
136000000 USD
CY2009Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
143000000 USD
us-gaap Commitments And Contingencies2009
CommitmentsAndContingencies2009
CY2009Q4 us-gaap Other Assets Current
OtherAssetsCurrent
123000000 USD
CY2010Q2 us-gaap Assets Current
AssetsCurrent
1568000000 USD
CY2009Q4 us-gaap Assets Current
AssetsCurrent
1854000000 USD
CY2010Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2711000000 USD
CY2009Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2806000000 USD
CY2010Q2 oc Goodwill Balance
GoodwillBalance
1123000000 USD
CY2009Q4 oc Goodwill Balance
GoodwillBalance
1124000000 USD
CY2010Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1159000000 USD
CY2009Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1169000000 USD
CY2010Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
499000000 USD
CY2009Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
31000000 USD
CY2010Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
222000000 USD
CY2009Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
183000000 USD
CY2010Q2 us-gaap Assets
Assets
7282000000 USD
CY2009Q4 us-gaap Assets
Assets
7167000000 USD
CY2010Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
943000000 USD
CY2009Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
923000000 USD
CY2010Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
4000000 USD
CY2009Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
11000000 USD
CY2010Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
6000000 USD
CY2009Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
9000000 USD
CY2010Q2 us-gaap Liabilities Current
LiabilitiesCurrent
953000000 USD
CY2009Q4 us-gaap Liabilities Current
LiabilitiesCurrent
943000000 USD
CY2010Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1667000000 USD
CY2009Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2177000000 USD
CY2010Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
330000000 USD
CY2009Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
340000000 USD
CY2010Q2 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
293000000 USD
CY2009Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
295000000 USD
CY2010Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
73000000 USD
CY2009Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
386000000 USD
CY2010Q2 oc Mandatorily Redeemable Noncontrolling Interest
MandatorilyRedeemableNoncontrollingInterest
30000000 USD
CY2009Q4 oc Mandatorily Redeemable Noncontrolling Interest
MandatorilyRedeemableNoncontrollingInterest
30000000 USD
CY2010Q2 oc Preferred Stock
PreferredStock
0 USD
CY2009Q4 oc Preferred Stock
PreferredStock
0 USD
CY2010Q2 oc Common Stock
CommonStock
1000000 USD
CY2009Q4 oc Common Stock
CommonStock
1000000 USD
CY2010Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3861000000 USD
CY2009Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3847000000 USD
CY2010Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
246000000 USD
CY2009Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-739000000 USD
CY2010Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-237000000 USD
CY2009Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-185000000 USD
CY2010Q2 us-gaap Treasury Stock Value
TreasuryStockValue
106000000 USD
CY2009Q4 us-gaap Treasury Stock Value
TreasuryStockValue
104000000 USD
CY2010Q2 us-gaap Stockholders Equity
StockholdersEquity
3765000000 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
2820000000 USD
CY2010Q2 us-gaap Minority Interest
MinorityInterest
35000000 USD
CY2010Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
20000000 USD
CY2009Q4 us-gaap Minority Interest
MinorityInterest
33000000 USD
CY2010Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3800000000 USD
CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2853000000 USD
CY2010Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7282000000 USD
CY2009Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7167000000 USD
CY2009Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23000000 USD
CY2010Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01 USD
CY2009Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01 USD
CY2010Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2009Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2010Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2009Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2010Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2009Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2010Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01 USD
CY2009Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01 USD
CY2010Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2009Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2010Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
133200000 shares
CY2009Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
132600000 shares
CY2010Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
128300000 shares
CY2009Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
127800000 shares
CY2010Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
4900000 shares
CY2009Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
4800000 shares
CY2010Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
159000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
158000000 USD
oc Gain On Sale Of Business And Fixed Assets
GainOnSaleOfBusinessAndFixedAssets
-3000000 USD
oc Gain On Sale Of Business And Fixed Assets
GainOnSaleOfBusinessAndFixedAssets
-5000000 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
2000000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-854000000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
13000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
11000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21000000 USD
us-gaap Other Noncash Income
OtherNoncashIncome
-2000000 USD
us-gaap Other Noncash Income
OtherNoncashIncome
-12000000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
0 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
1000000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-172000000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-269000000 USD
us-gaap Increase Decrease In Pension Plan Obligations
IncreaseDecreaseInPensionPlanObligations
-12000000 USD
us-gaap Increase Decrease In Pension Plan Obligations
IncreaseDecreaseInPensionPlanObligations
-23000000 USD
us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
-13000000 USD
us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
-14000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
18000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
3000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
134000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-98000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
121000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
95000000 USD
oc Proceeds From The Sale Of Assets Or Affiliates
ProceedsFromTheSaleOfAssetsOrAffiliates
14000000 USD
oc Proceeds From The Sale Of Assets Or Affiliates
ProceedsFromTheSaleOfAssetsOrAffiliates
20000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-107000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
250000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
259000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
193000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
527000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
604000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-6000000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
2000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-21000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-554000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
45000000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-7000000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-534000000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-126000000 USD
CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
236000000 USD
CY2009Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
110000000 USD
oc Provision For Pension And Other Employee Benefits Liabilities
ProvisionForPensionAndOtherEmployeeBenefitsLiabilities
14000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
345000000 USD
oc Provision For Pension And Other Employee Benefits Liabilities
ProvisionForPensionAndOtherEmployeeBenefitsLiabilities
22000000 USD
CY2010Q2 oc Accounting Pronouncements
AccountingPronouncements
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">19.&#160;&#160;&#160;&#160;&#160;&#160;&#160;ACCOUNTING PRONOUNCEMENTS</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In June 2009, the FASB issued </font><font style="font-family:Times New Roman;font-size:10pt;">authoritative guidance</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">amending</font><font style="font-family:Times New Roman;font-size:10pt;"> the timing, and considerations, of analyses performed to </font><font style="font-family:Times New Roman;font-size:10pt;">determine if the Company's variable interests give it a controlling financial interest in a variable interest entity</font><font style="font-family:Times New Roman;font-size:10pt;">, as well as requires additional disclosures</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> The guidance</font><font style="font-family:Times New Roman;font-size:10pt;"> was </font><font style="font-family:Times New Roman;font-size:10pt;">effective as of the first annual reporting period beginning after November 15, 2009, for interim periods within the first annual r</font><font style="font-family:Times New Roman;font-size:10pt;">eporting period and thereafter. </font><font style="font-family:Times New Roman;font-size:10pt;">The</font><font style="font-family:Times New Roman;font-size:10pt;"> adoption</font><font style="font-family:Times New Roman;font-size:10pt;"> of this authoritative guidance</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">had no </font><font style="font-family:Times New Roman;font-size:10pt;">impact on the Consolidated Financial Statements or disclosures.</font></p>

Files In Submission

Name View Source Status
0001193125-10-176211-index-headers.html Edgar Link pending
0001193125-10-176211-index.html Edgar Link pending
0001193125-10-176211.txt Edgar Link pending
0001193125-10-176211-xbrl.zip Edgar Link pending
d10q.htm Edgar Link pending
defnref.xml Edgar Link unprocessable
dex311.htm Edgar Link pending
dex312.htm Edgar Link pending
dex321.htm Edgar Link pending
dex322.htm Edgar Link pending
dex991.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
oc-20100630.xml Edgar Link completed
oc-20100630.xsd Edgar Link pending
oc-20100630_cal.xml Edgar Link unprocessable
oc-20100630_lab.xml Edgar Link unprocessable
oc-20100630_pre.xml Edgar Link unprocessable
R1.xml Edgar Link unprocessable
R10.xml Edgar Link unprocessable
R11.xml Edgar Link unprocessable
R12.xml Edgar Link unprocessable
R13.xml Edgar Link unprocessable
R14.xml Edgar Link unprocessable
R15.xml Edgar Link unprocessable
R16.xml Edgar Link unprocessable
R17.xml Edgar Link unprocessable
R18.xml Edgar Link unprocessable
R19.xml Edgar Link unprocessable
R2.xml Edgar Link unprocessable
R20.xml Edgar Link unprocessable
R21.xml Edgar Link unprocessable
R22.xml Edgar Link unprocessable
R23.xml Edgar Link unprocessable
R24.xml Edgar Link unprocessable
R25.xml Edgar Link unprocessable
R3.xml Edgar Link unprocessable
R4.xml Edgar Link unprocessable
R5.xml Edgar Link unprocessable
R6.xml Edgar Link unprocessable
R7.xml Edgar Link unprocessable
R8.xml Edgar Link unprocessable
R9.xml Edgar Link unprocessable