$OC
Owens Corning Stock $oc

$oc Overview Financials Valuation SEC Filings Company Website

2015 Q2 Form 10-Q Financial Statement

#000137094615000157 Filed on July 22, 2015

Income Statement

Concept	2015 Q2	2014 Q2	2014 Q1
Revenue	$1.403B	$1.350B	$1.275B
YoY Change	3.93%	0.22%	-5.56%
Cost Of Revenue	$1.095B	$1.102B	$1.041B
YoY Change	-0.64%	2.04%	-8.44%
Gross Profit	$308.0M	$248.0M	$234.0M
YoY Change	24.19%	-7.12%	9.86%
Gross Profit Margin	21.95%	18.37%	18.35%
Selling, General & Admin	$130.0M	$130.0M	$132.0M
YoY Change	0.0%	-2.99%	-0.75%
% of Gross Profit	42.21%	52.42%	56.41%
Research & Development	$18.00M	$20.00M	$19.00M
YoY Change	-10.0%	0.0%	5.56%
% of Gross Profit	5.84%	8.06%	8.12%
Depreciation & Amortization	$76.00M	$78.00M	$76.00M
YoY Change	-2.56%	-1.27%	-2.56%
% of Gross Profit	24.68%	31.45%	32.48%
Operating Expenses	$152.0M	$175.0M	$126.0M
YoY Change	-13.14%	17.45%	-19.23%
Operating Profit	$156.0M	$73.00M	$108.0M
YoY Change	113.7%	-38.14%	89.47%
Interest Expense	$26.00M	$31.00M	$27.00M
YoY Change	-16.13%	6.9%	-6.9%
% of Operating Profit	16.67%	42.47%	25.0%
Other Income/Expense, Net
YoY Change
Pretax Income	$135.0M	$42.00M	$81.00M
YoY Change	221.43%	-52.81%	189.29%
Income Tax	$44.00M	$21.00M	-$39.00M
% Of Pretax Income	32.59%	50.0%	-48.15%
Net Earnings	$91.00M	$21.00M	$120.0M
YoY Change	333.33%	-57.14%	445.45%
Net Earnings / Revenue	6.49%	1.56%	9.41%
Basic Earnings Per Share	$0.77	$0.18	$1.02
Diluted Earnings Per Share	$0.77	$0.18	$1.01
COMMON SHARES
Basic Shares Outstanding	117.5M shares	117.4M shares	117.8M shares
Diluted Shares Outstanding	118.3M shares	118.3M shares	118.7M shares

Balance Sheet

Concept	2015 Q2	2014 Q2	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$80.00M	$81.00M	$65.00M
YoY Change	-1.23%	12.5%	4.84%
Cash & Equivalents	$80.00M	$51.00M	$81.00M
Short-Term Investments
Other Short-Term Assets	$248.0M	$231.0M	$298.0M
YoY Change	7.36%	-5.71%	52.82%
Inventory	$786.0M	$886.0M	$910.0M
Prepaid Expenses
Receivables	$853.0M	$848.0M	$942.0M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.980B	$2.060B	$2.223B
YoY Change	-3.88%	6.96%	15.96%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.891B	$2.913B	$2.898B
YoY Change	-0.76%	1.11%	1.15%
Goodwill	$1.168B
YoY Change
Intangibles	$1.010B	$1.026B	$1.039B
YoY Change	-1.56%	-2.38%	0.1%
Long-Term Investments	$0.00
YoY Change
Other Assets	$227.0M	$225.0M	$220.0M
YoY Change	0.89%	13.07%	-12.35%
Total Long-Term Assets	$5.699B	$5.736B	$5.743B
YoY Change	-0.65%	-2.1%	-2.66%
TOTAL ASSETS
Total Short-Term Assets	$1.980B	$2.060B	$2.223B
Total Long-Term Assets	$5.699B	$5.736B	$5.743B
Total Assets	$7.679B	$7.796B	$7.966B
YoY Change	-1.5%	0.14%	1.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$921.0M	$878.0M	$955.0M
YoY Change	4.9%	-3.83%	3.92%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$9.000M	$17.00M	$25.00M
YoY Change	-47.06%	-19.05%	150.0%
Long-Term Debt Due	$3.000M	$4.000M	$4.000M
YoY Change	-25.0%	33.33%	0.0%
Total Short-Term Liabilities	$937.0M	$905.0M	$986.0M
YoY Change	3.54%	-3.93%	5.57%
LONG-TERM LIABILITIES
Long-Term Debt	$2.165B	$2.271B	$2.358B
YoY Change	-4.67%	0.93%	2.48%
Other Long-Term Liabilities	$141.0M	$131.0M	$134.0M
YoY Change	7.63%	-36.71%	-38.81%
Total Long-Term Liabilities	$2.306B	$2.402B	$2.492B
YoY Change	-4.0%	-2.24%	-1.11%
TOTAL LIABILITIES
Total Short-Term Liabilities	$937.0M	$905.0M	$986.0M
Total Long-Term Liabilities	$2.306B	$2.402B	$2.492B
Total Liabilities	$3.243B	$3.307B	$3.478B
YoY Change	-1.94%	-2.71%	0.69%
SHAREHOLDERS EQUITY
Retained Earnings	$874.0M	$758.0M	$756.0M
YoY Change	15.3%	45.21%	59.83%
Common Stock	$1.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$533.0M	$524.0M	-$521.0M
YoY Change	1.72%	8.26%	-207.87%
Treasury Stock Shares	17.90M shares		17.80M shares
Shareholders Equity	$3.708B	$3.873B	$3.862B
YoY Change
Total Liabilities & Shareholders Equity	$7.679B	$7.796B	$7.966B
YoY Change	-1.5%	0.14%	1.91%

Cashflow Statement

Concept	2015 Q2	2014 Q2	2014 Q1
OPERATING ACTIVITIES
Net Income	$91.00M	$21.00M	$120.0M
YoY Change	333.33%	-57.14%	445.45%
Depreciation, Depletion And Amortization	$76.00M	$78.00M	$76.00M
YoY Change	-2.56%	-1.27%	-2.56%
Cash From Operating Activities	$222.0M	$155.0M	-$272.0M
YoY Change	43.23%	-5.49%	51.96%
INVESTING ACTIVITIES
Capital Expenditures	-$95.00M	-$91.00M	-$51.00M
YoY Change	4.4%	13.75%	13.33%
Acquisitions			-$3.000M
YoY Change
Other Investing Activities	$9.000M	$80.00M	-$3.000M
YoY Change	-88.75%	-316.22%
Cash From Investing Activities	-$86.00M	-$11.00M	-$54.00M
YoY Change	681.82%	-90.6%	20.0%
FINANCING ACTIVITIES
Cash Dividend Paid			$0.00
YoY Change
Common Stock Issuance & Retirement, Net		$12.00M	$29.00M
YoY Change			262.5%
Debt Paid & Issued, Net			$0.00
YoY Change
Cash From Financing Activities	-131.0M	-129.0M	$335.0M
YoY Change	1.55%	268.57%	44.4%
NET CHANGE
Cash From Operating Activities	222.0M	155.0M	-$272.0M
Cash From Investing Activities	-86.00M	-11.00M	-$54.00M
Cash From Financing Activities	-131.0M	-129.0M	$335.0M
Net Change In Cash	5.000M	15.00M	$9.000M
YoY Change	-66.67%	25.0%	12.5%
FREE CASH FLOW
Cash From Operating Activities	$222.0M	$155.0M	-$272.0M
Capital Expenditures	-$95.00M	-$91.00M	-$51.00M
Free Cash Flow	$317.0M	$246.0M	-$221.0M
YoY Change	28.86%	0.82%	64.93%

Facts In Submission

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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
	dei	Document Period End Date DocumentPeriodEndDate	2015-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001370946
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	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Owens Corning
	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
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	us-gaap	Defined Benefit Plan Service Cost DefinedBenefitPlanServiceCost	6000000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	154000000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	151000000	USD
CY2014Q4	us-gaap	Derivative Assets DerivativeAssets	1000000	USD
CY2015Q2	us-gaap	Derivative Assets DerivativeAssets	6000000	USD
	us-gaap	Derivative Instruments Gain Recognized In Other Comprehensive Income Effective Portion DerivativeInstrumentsGainRecognizedInOtherComprehensiveIncomeEffectivePortion	4000000	USD
CY2014Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	8000000	USD
CY2015Q2	us-gaap	Derivative Liabilities DerivativeLiabilities	4000000	USD
CY2014Q4	us-gaap	Due From Affiliate Current DueFromAffiliateCurrent	0	USD
CY2015Q2	us-gaap	Due From Affiliate Current DueFromAffiliateCurrent	0	USD
CY2014Q4	us-gaap	Due From Affiliate Noncurrent DueFromAffiliateNoncurrent	0	USD
CY2015Q2	us-gaap	Due From Affiliate Noncurrent DueFromAffiliateNoncurrent	0	USD
CY2014Q4	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	0	USD
CY2015Q2	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	0	USD
CY2014Q4	us-gaap	Due To Affiliate Noncurrent DueToAffiliateNoncurrent	0	USD
CY2015Q2	us-gaap	Due To Affiliate Noncurrent DueToAffiliateNoncurrent	0	USD
CY2014Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.18
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.20
CY2015Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.77
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.93
CY2014Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.18
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	0	USD
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.77
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	1000000	USD
CY2014Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2015Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-5000000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-5000000	USD
CY2014Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	21000000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-1000000	USD
CY2014Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	1	Number
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	Number
CY2015Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	Number
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	Number
CY2015Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0	Number
	us-gaap	Environmental Exit Costs Reasonably Possible Additional Losses Best Estimate EnvironmentalExitCostsReasonablyPossibleAdditionalLossesBestEstimate	2000000	USD
CY2014Q4	us-gaap	Equity Method Investments EquityMethodInvestments	0	USD
CY2015Q2	us-gaap	Equity Method Investments EquityMethodInvestments	0	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	173000000	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	185000000	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	22000000	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	22000000	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	22000000	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	22000000	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	22000000	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1190000000	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1195000000	USD
CY2015Q2	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	5000000	USD
CY2014Q4	us-gaap	Goodwill Goodwill	1168000000	USD
CY2015Q2	us-gaap	Goodwill Goodwill	1168000000	USD
CY2014Q2	us-gaap	Gross Profit GrossProfit	248000000	USD
	us-gaap	Gross Profit GrossProfit	482000000	USD
CY2015Q2	us-gaap	Gross Profit GrossProfit	308000000	USD
	us-gaap	Gross Profit GrossProfit	517000000	USD
	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	19000000	USD
	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0	USD
CY2014Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	42000000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	123000000	USD
CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	135000000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	167000000	USD
CY2014Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2015Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-18000000	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	44000000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	57000000	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	336000000	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	201000000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-6000000	USD
CY2015Q2	us-gaap	Minority Interest MinorityInterest	40000000	USD
CY2014Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	13000000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-13000000	USD
	us-gaap	Increase Decrease In Pension Plan Obligations IncreaseDecreaseInPensionPlanObligations	-24000000	USD
	us-gaap	Increase Decrease In Pension Plan Obligations IncreaseDecreaseInPensionPlanObligations	-25000000	USD
	us-gaap	Increase Decrease In Postretirement Obligations IncreaseDecreaseInPostretirementObligations	-12000000	USD
	us-gaap	Increase Decrease In Postretirement Obligations IncreaseDecreaseInPostretirementObligations	-10000000	USD
CY2014Q2	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	500000	shares
	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	500000	shares
CY2015Q2	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	400000	shares
	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	400000	shares
CY2014Q2	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	400000	shares
	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	400000	shares
CY2015Q2	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	400000	shares
	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
CY2015Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1010000000	USD
CY2014Q2	us-gaap	Interest Expense InterestExpense	31000000	USD
	us-gaap	Interest Expense InterestExpense	58000000	USD
CY2015Q2	us-gaap	Interest Expense InterestExpense	26000000	USD
	us-gaap	Interest Expense InterestExpense	52000000	USD
CY2014Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	568000000	USD
CY2015Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	550000000	USD
CY2014Q4	us-gaap	Inventory Net InventoryNet	817000000	USD
CY2015Q2	us-gaap	Inventory Net InventoryNet	786000000	USD
CY2014Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	249000000	USD
CY2015Q2	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	236000000	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7555000000	USD
CY2015Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7679000000	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	983000000	USD
CY2015Q2	us-gaap	Liabilities Current LiabilitiesCurrent	937000000	USD
CY2015Q2	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	10000000	USD
CY2013Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	800000000	USD
CY2014Q4	us-gaap	Long Term Debt LongTermDebt	1994000000	USD
CY2015Q2	us-gaap	Long Term Debt LongTermDebt	2168000000	USD
CY2014Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1991000000	USD
CY2015Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	2165000000	USD
CY2014Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	3000000	USD
CY2015Q2	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	3000000	USD
CY2014Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	3000000	USD
CY2015Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	3000000	USD
CY2014Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1991000000	USD
CY2015Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2165000000	USD
CY2014Q4	us-gaap	Minority Interest MinorityInterest	38000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-117000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	206000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	83000000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-65000000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-149000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax	-1000000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax	-2000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	11000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-5000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	80000000	USD
CY2014Q2	us-gaap	Net Income Loss NetIncomeLoss	21000000	USD
	us-gaap	Net Income Loss NetIncomeLoss	141000000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	91000000	USD
	us-gaap	Net Income Loss NetIncomeLoss	109000000	USD
CY2014Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	USD
CY2015Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	2000000	USD
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2014Q2	us-gaap	Operating Expenses OperatingExpenses	175000000	USD
	us-gaap	Operating Expenses OperatingExpenses	301000000	USD
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	152000000	USD
	us-gaap	Operating Expenses OperatingExpenses	303000000	USD
CY2014Q4	us-gaap	Other Assets Current OtherAssetsCurrent	233000000	USD
CY2015Q2	us-gaap	Other Assets Current OtherAssetsCurrent	248000000	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	220000000	USD
CY2015Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	227000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-1000000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-1000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	2000000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	3000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax	1000000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax	1000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	7000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-43000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	3000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-2000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-1000000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-2000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-1000000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-3000000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	1000000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-2000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	2000000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-6000000	USD
CY2014Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	130000000	USD
CY2015Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	141000000	USD
	us-gaap	Other Noncash Income OtherNoncashIncome	13000000	USD
	us-gaap	Other Noncash Income OtherNoncashIncome	11000000	USD
CY2014Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	252000000	USD
CY2015Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	43000000	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	7000000	USD
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	10000000	USD
CY2015Q2	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	247000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	44000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	47000000	USD
CY2015Q2	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	42000000	USD
	us-gaap	Payments For Restructuring PaymentsForRestructuring	7000000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	19000000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	39000000	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	125000000	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	151000000	USD
CY2014Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2014Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2015Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2014Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2014Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	769000000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	819000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	7000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	11000000	USD
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	16000000	USD
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-19000000	USD
CY2014Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	40000000	USD
CY2014Q2	us-gaap	Profit Loss ProfitLoss	22000000	USD
	us-gaap	Profit Loss ProfitLoss	142000000	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	92000000	USD
	us-gaap	Profit Loss ProfitLoss	111000000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4623000000	USD
CY2015Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4686000000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2899000000	USD
CY2015Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2891000000	USD
CY2014Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	674000000	USD
CY2015Q2	us-gaap	Receivables Net Current ReceivablesNetCurrent	853000000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1000000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	8000000	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	522000000	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	634000000	USD
CY2014Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	20000000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	39000000	USD
CY2013Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate	0.85	Number
CY2015Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	18000000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	35000000	USD
CY2015Q2	us-gaap	Restatement Of Prior Year Income Tax Effects RestatementOfPriorYearIncomeTaxEffects	4000000	USD
CY2015Q2	us-gaap	Restructuring And Related Cost Cost Incurred To Date1 RestructuringAndRelatedCostCostIncurredToDate1	39000000	USD
CY2014Q2	us-gaap	Restructuring Charges RestructuringCharges	0	USD
	us-gaap	Restructuring Charges RestructuringCharges	12000000	USD
CY2015Q2	us-gaap	Restructuring Charges RestructuringCharges	0	USD
	us-gaap	Restructuring Charges RestructuringCharges	0	USD
CY2014Q4	us-gaap	Restructuring Reserve RestructuringReserve	34000000	USD
CY2015Q2	us-gaap	Restructuring Reserve RestructuringReserve	26000000	USD
	us-gaap	Restructuring Reserve Translation And Other Adjustment RestructuringReserveTranslationAndOtherAdjustment	-1000000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	805000000	USD
CY2015Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	874000000	USD
CY2014Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1355000000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	2633000000	USD
CY2015Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1414000000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	2621000000	USD
	us-gaap	Severance Costs1 SeveranceCosts1	1000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	14000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	14000000	USD
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	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	72750	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	251600	shares
	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	43.88
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.292	Number
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.011	Number
CY2015Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	2000000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod	-5100	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	99350	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2754895	shares
CY2015Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2273720	shares
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	31.04
CY2015Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	30.89
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	29.94
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice	41.89
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	38.18
	us-gaap	Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Term1 ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm1	P2Y10M25D
CY2014Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	31000000	USD
CY2015Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	9000000	USD
CY2014Q4	us-gaap	Short Term Debt Weighted Average Interest Rate ShortTermDebtWeightedAverageInterestRate	0	Number
CY2015Q2	us-gaap	Short Term Debt Weighted Average Interest Rate ShortTermDebtWeightedAverageInterestRate	0	Number
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	376725	shares
CY2015Q2	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	6600000	shares
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	1100000	shares
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	3692000000	USD
CY2015Q2	us-gaap	Stockholders Equity StockholdersEquity	3708000000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3730000000	USD
CY2015Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3748000000	USD
CY2015Q2	us-gaap	Tax Credit Carryforward Valuation Allowance TaxCreditCarryforwardValuationAllowance	78000000	USD
CY2014Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	17700000	shares
CY2015Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	17900000	shares
CY2014Q4	us-gaap	Treasury Stock Value TreasuryStockValue	518000000	USD
CY2015Q2	us-gaap	Treasury Stock Value TreasuryStockValue	533000000	USD
CY2014Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	118300000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	118500000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	118300000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	118300000	shares
CY2014Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	117400000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	117600000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	117500000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	117600000	shares

Files In Submission

Name	View Source	Status
0001370946-15-000157-index-headers.html	Edgar Link	pending
0001370946-15-000157-index.html	Edgar Link	pending
0001370946-15-000157.txt	Edgar Link	pending
0001370946-15-000157-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
oc-20150630.xml	Edgar Link	completed
oc-20150630.xsd	Edgar Link	pending
oc-20150630_cal.xml	Edgar Link	unprocessable
oc-20150630_def.xml	Edgar Link	unprocessable
oc-20150630_lab.xml	Edgar Link	unprocessable
oc-20150630_pre.xml	Edgar Link	unprocessable
oc-2015x06x30x10q.htm	Edgar Link	pending
oc-2015x06x30x10qxexh1032.htm	Edgar Link	pending
oc-2015x06x30x10qxexh1033.htm	Edgar Link	pending
oc-2015x06x30x10qxexh1034.htm	Edgar Link	pending
oc-2015x06x30x10qxexh1035.htm	Edgar Link	pending
oc-2015x06x30x10qxexh311.htm	Edgar Link	pending
oc-2015x06x30x10qxexh312.htm	Edgar Link	pending
oc-2015x06x30x10qxexh321.htm	Edgar Link	pending
oc-2015x06x30x10qxexh322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$OC
Owens Corning Stock $oc

2015 Q2 Form 10-Q Financial Statement

#000137094615000157 Filed on July 22, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OC Owens Corning Stock $oc

2015 Q2 Form 10-Q Financial Statement

#000137094615000157 Filed on July 22, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OC
Owens Corning Stock $oc