$OC
Owens Corning Stock $oc

$oc Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000137094615000122 Filed on April 22, 2015

Income Statement

Concept	2015 Q1	2014 Q1
Revenue	$1.203B	$1.275B
YoY Change	-5.65%	-5.56%
Cost Of Revenue	$994.0M	$1.041B
YoY Change	-4.51%	-8.44%
Gross Profit	$209.0M	$234.0M
YoY Change	-10.68%	9.86%
Gross Profit Margin	17.37%	18.35%
Selling, General & Admin	$129.0M	$132.0M
YoY Change	-2.27%	-0.75%
% of Gross Profit	61.72%	56.41%
Research & Development	$17.00M	$19.00M
YoY Change	-10.53%	5.56%
% of Gross Profit	8.13%	8.12%
Depreciation & Amortization	$75.00M	$76.00M
YoY Change	-1.32%	-2.56%
% of Gross Profit	35.89%	32.48%
Operating Expenses	$151.0M	$126.0M
YoY Change	19.84%	-19.23%
Operating Profit	$58.00M	$108.0M
YoY Change	-46.3%	89.47%
Interest Expense	$26.00M	$27.00M
YoY Change	-3.7%	-6.9%
% of Operating Profit	44.83%	25.0%
Other Income/Expense, Net
YoY Change
Pretax Income	$32.00M	$81.00M
YoY Change	-60.49%	189.29%
Income Tax	$13.00M	-$39.00M
% Of Pretax Income	40.63%	-48.15%
Net Earnings	$18.00M	$120.0M
YoY Change	-85.0%	445.45%
Net Earnings / Revenue	1.5%	9.41%
Basic Earnings Per Share	$0.15	$1.02
Diluted Earnings Per Share	$0.15	$1.01
COMMON SHARES
Basic Shares Outstanding	117.8M shares	117.8M shares
Diluted Shares Outstanding	118.5M shares	118.7M shares

Balance Sheet

Concept	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$77.00M	$65.00M
YoY Change	18.46%	4.84%
Cash & Equivalents	$77.00M	$81.00M
Short-Term Investments
Other Short-Term Assets	$235.0M	$298.0M
YoY Change	-21.14%	52.82%
Inventory	$825.0M	$910.0M
Prepaid Expenses
Receivables	$844.0M	$942.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.995B	$2.223B
YoY Change	-10.26%	15.96%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.851B	$2.898B
YoY Change	-1.62%	1.15%
Goodwill	$1.168B
YoY Change
Intangibles	$1.013B	$1.039B
YoY Change	-2.5%	0.1%
Long-Term Investments	$0.00
YoY Change
Other Assets	$235.0M	$220.0M
YoY Change	6.82%	-12.35%
Total Long-Term Assets	$5.701B	$5.743B
YoY Change	-0.73%	-2.66%
TOTAL ASSETS
Total Short-Term Assets	$1.995B	$2.223B
Total Long-Term Assets	$5.701B	$5.743B
Total Assets	$7.696B	$7.966B
YoY Change	-3.39%	1.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$888.0M	$955.0M
YoY Change	-7.02%	3.92%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$14.00M	$25.00M
YoY Change	-44.0%	150.0%
Long-Term Debt Due	$3.000M	$4.000M
YoY Change	-25.0%	0.0%
Total Short-Term Liabilities	$912.0M	$986.0M
YoY Change	-7.51%	5.57%
LONG-TERM LIABILITIES
Long-Term Debt	$2.274B	$2.358B
YoY Change	-3.56%	2.48%
Other Long-Term Liabilities	$132.0M	$134.0M
YoY Change	-1.49%	-38.81%
Total Long-Term Liabilities	$2.406B	$2.492B
YoY Change	-3.45%	-1.11%
TOTAL LIABILITIES
Total Short-Term Liabilities	$912.0M	$986.0M
Total Long-Term Liabilities	$2.406B	$2.492B
Total Liabilities	$3.318B	$3.478B
YoY Change	-4.6%	0.69%
SHAREHOLDERS EQUITY
Retained Earnings	$803.0M	$756.0M
YoY Change	6.22%	59.83%
Common Stock	$1.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$515.0M	-$521.0M
YoY Change	-198.85%	-207.87%
Treasury Stock Shares	17.50M shares	17.80M shares
Shareholders Equity	$3.644B	$3.862B
YoY Change
Total Liabilities & Shareholders Equity	$7.696B	$7.966B
YoY Change	-3.39%	1.91%

Cashflow Statement

Concept	2015 Q1	2014 Q1
OPERATING ACTIVITIES
Net Income	$18.00M	$120.0M
YoY Change	-85.0%	445.45%
Depreciation, Depletion And Amortization	$75.00M	$76.00M
YoY Change	-1.32%	-2.56%
Cash From Operating Activities	-$116.0M	-$272.0M
YoY Change	-57.35%	51.96%
INVESTING ACTIVITIES
Capital Expenditures	-$89.00M	-$51.00M
YoY Change	74.51%	13.33%
Acquisitions		-$3.000M
YoY Change
Other Investing Activities	$0.00	-$3.000M
YoY Change	-100.0%
Cash From Investing Activities	-$89.00M	-$54.00M
YoY Change	64.81%	20.0%
FINANCING ACTIVITIES
Cash Dividend Paid	$39.00M	$0.00
YoY Change
Common Stock Issuance & Retirement, Net	$19.00M	$29.00M
YoY Change	-34.48%	262.5%
Debt Paid & Issued, Net		$0.00
YoY Change
Cash From Financing Activities	$214.0M	$335.0M
YoY Change	-36.12%	44.4%
NET CHANGE
Cash From Operating Activities	-$116.0M	-$272.0M
Cash From Investing Activities	-$89.00M	-$54.00M
Cash From Financing Activities	$214.0M	$335.0M
Net Change In Cash	$9.000M	$9.000M
YoY Change	0.0%	12.5%
FREE CASH FLOW
Cash From Operating Activities	-$116.0M	-$272.0M
Capital Expenditures	-$89.00M	-$51.00M
Free Cash Flow	-$27.00M	-$221.0M
YoY Change	-87.78%	64.93%

Facts In Submission

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CY2014Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.02
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
CY2014Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.01
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
CY2014Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-1000000	USD
CY2015Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	1000000	USD
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CY2015Q1	us-gaap	Environmental Exit Costs Reasonably Possible Additional Losses Best Estimate EnvironmentalExitCostsReasonablyPossibleAdditionalLossesBestEstimate	3000000	USD
CY2014Q4	us-gaap	Equity Method Investments EquityMethodInvestments	0	USD
CY2015Q1	us-gaap	Equity Method Investments EquityMethodInvestments	0	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	173000000	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	179000000	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	22000000	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	22000000	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	22000000	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	22000000	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	22000000	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1190000000	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1192000000	USD
CY2015Q1	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	2000000	USD
CY2014Q4	us-gaap	Goodwill Goodwill	1168000000	USD
CY2015Q1	us-gaap	Goodwill Goodwill	1168000000	USD
CY2014Q1	us-gaap	Gross Profit GrossProfit	234000000	USD
CY2015Q1	us-gaap	Gross Profit GrossProfit	209000000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	81000000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	32000000	USD
CY2014Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2015Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-39000000	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13000000	USD
CY2014Q1	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	377000000	USD
CY2015Q1	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	244000000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-7000000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-4000000	USD
CY2014Q1	us-gaap	Increase Decrease In Pension Plan Obligations IncreaseDecreaseInPensionPlanObligations	-14000000	USD
CY2015Q1	us-gaap	Increase Decrease In Pension Plan Obligations IncreaseDecreaseInPensionPlanObligations	-14000000	USD
CY2014Q1	us-gaap	Increase Decrease In Postretirement Obligations IncreaseDecreaseInPostretirementObligations	-6000000	USD
CY2015Q1	us-gaap	Increase Decrease In Postretirement Obligations IncreaseDecreaseInPostretirementObligations	-5000000	USD
CY2014Q1	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	500000	shares
CY2015Q1	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	400000	shares
CY2014Q1	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	400000	shares
CY2015Q1	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	300000	shares
CY2014Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1017000000	USD
CY2015Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1013000000	USD
CY2014Q1	us-gaap	Interest Expense InterestExpense	27000000	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	26000000	USD
CY2014Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	568000000	USD
CY2015Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	580000000	USD
CY2014Q4	us-gaap	Inventory Net InventoryNet	817000000	USD
CY2015Q1	us-gaap	Inventory Net InventoryNet	825000000	USD
CY2014Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	249000000	USD
CY2015Q1	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	245000000	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7555000000	USD
CY2015Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7696000000	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	983000000	USD
CY2015Q1	us-gaap	Liabilities Current LiabilitiesCurrent	912000000	USD
CY2014Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	13000000	USD
CY2015Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	13000000	USD
CY2013Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	800000000	USD
CY2014Q4	us-gaap	Long Term Debt LongTermDebt	1994000000	USD
CY2015Q1	us-gaap	Long Term Debt LongTermDebt	2277000000	USD
CY2014Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1991000000	USD
CY2015Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	2274000000	USD
CY2014Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	3000000	USD
CY2015Q1	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	3000000	USD
CY2014Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	3000000	USD
CY2015Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	3000000	USD
CY2014Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1991000000	USD
CY2015Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2274000000	USD
CY2014Q4	us-gaap	Minority Interest MinorityInterest	38000000	USD
CY2015Q1	us-gaap	Minority Interest MinorityInterest	39000000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	335000000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	214000000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-54000000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-56000000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-272000000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-149000000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	18000000	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	120000000	USD
CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	USD
CY2014Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
CY2015Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2014Q1	us-gaap	Operating Expenses OperatingExpenses	126000000	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	151000000	USD
CY2014Q4	us-gaap	Other Assets Current OtherAssetsCurrent	233000000	USD
CY2015Q1	us-gaap	Other Assets Current OtherAssetsCurrent	235000000	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	220000000	USD
CY2015Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	235000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-16000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-50000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	1000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax	-1000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-16000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-50000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-5000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-1000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-2000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-3000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-8000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax	0	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax	-1000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax	4000000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	1000000	USD
CY2014Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	130000000	USD
CY2015Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	132000000	USD
CY2014Q1	us-gaap	Other Noncash Income OtherNoncashIncome	1000000	USD
CY2015Q1	us-gaap	Other Noncash Income OtherNoncashIncome	0	USD
CY2014Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	252000000	USD
CY2015Q1	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	249000000	USD
CY2014Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	29000000	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	19000000	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	13000000	USD
CY2015Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	3000000	USD
CY2014Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	0	USD
CY2015Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	39000000	USD
CY2014Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	51000000	USD
CY2015Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	56000000	USD
CY2014Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2014Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2014Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2014Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	40000000	USD
CY2015Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	844000000	USD
CY2014Q1	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	149000000	USD
CY2014Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	484000000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	247000000	USD
CY2014Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	19000000	USD
CY2015Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	529000000	USD
CY2014Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	5000000	USD
CY2015Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	7000000	USD
CY2014Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	24000000	USD
CY2015Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-17000000	USD
CY2015Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	17000000	USD
CY2015Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2014Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	42000000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	3000000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	5000000	USD
CY2014Q1	us-gaap	Profit Loss ProfitLoss	120000000	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	19000000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4623000000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4603000000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2899000000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2851000000	USD
CY2014Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	674000000	USD
CY2015Q1	us-gaap	Restructuring And Related Cost Cost Incurred To Date1 RestructuringAndRelatedCostCostIncurredToDate1	39000000	USD
CY2014Q1	us-gaap	Restructuring Charges RestructuringCharges	12000000	USD
CY2015Q1	us-gaap	Restructuring Charges RestructuringCharges	0	USD
CY2014Q4	us-gaap	Restructuring Reserve RestructuringReserve	34000000	USD
CY2015Q1	us-gaap	Restructuring Reserve RestructuringReserve	30000000	USD
CY2015Q1	us-gaap	Restructuring Reserve Translation And Other Adjustment RestructuringReserveTranslationAndOtherAdjustment	-1000000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	805000000	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	803000000	USD
CY2014Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1278000000	USD
CY2015Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1207000000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	8000000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	8000000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P4Y
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	15850	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	251600	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	44.98
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.292	Number
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CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.011	Number
CY2015Q1	us-gaap	Short Term Debt Weighted Average Interest Rate ShortTermDebtWeightedAverageInterestRate	0	Number
CY2015Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	236875	shares
CY2015Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	17500000	shares
CY2014Q4	us-gaap	Treasury Stock Value TreasuryStockValue	518000000	USD
CY2015Q1	us-gaap	Treasury Stock Value TreasuryStockValue	515000000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1800000.0	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	19500	shares
CY2014Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	36000000	USD
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2754895	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2498520	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	31.04
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	31.15
CY2015Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	29.34
CY2015Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	37.84
CY2015Q1	us-gaap	Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Term1 ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm1	P2Y10M25D
CY2014Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	31000000	USD
CY2015Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	14000000	USD
CY2014Q4	us-gaap	Short Term Debt Weighted Average Interest Rate ShortTermDebtWeightedAverageInterestRate	0	Number
CY2015Q1	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	7400000	shares
CY2015Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	300000	shares
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	3692000000	USD
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	3644000000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3730000000	USD
CY2015Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3683000000	USD
CY2014Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	17700000	shares
CY2014Q1	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	0	USD
CY2015Q1	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	2000000	USD
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	118700000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	118500000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	117800000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	117800000	shares

Files In Submission

Name	View Source	Status
0001370946-15-000122-index-headers.html	Edgar Link	pending
0001370946-15-000122-index.html	Edgar Link	pending
0001370946-15-000122.txt	Edgar Link	pending
0001370946-15-000122-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
oc-20150331.xml	Edgar Link	completed
oc-20150331.xsd	Edgar Link	pending
oc-20150331_cal.xml	Edgar Link	unprocessable
oc-20150331_def.xml	Edgar Link	unprocessable
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$OC
Owens Corning Stock $oc

2015 Q1 Form 10-Q Financial Statement

#000137094615000122 Filed on April 22, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OC Owens Corning Stock $oc

2015 Q1 Form 10-Q Financial Statement

#000137094615000122 Filed on April 22, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OC
Owens Corning Stock $oc