$OC
Owens Corning Stock $oc

$oc Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000137094616000311 Filed on July 27, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$1.545B	$1.403B
YoY Change	10.12%	3.93%
Cost Of Revenue	$1.129B	$1.095B
YoY Change	3.11%	-0.64%
Gross Profit	$416.0M	$308.0M
YoY Change	35.06%	24.19%
Gross Profit Margin	26.93%	21.95%
Selling, General & Admin	$149.0M	$130.0M
YoY Change	14.62%	0.0%
% of Gross Profit	35.82%	42.21%
Research & Development	$21.00M	$18.00M
YoY Change	16.67%	-10.0%
% of Gross Profit	5.05%	5.84%
Depreciation & Amortization	$82.00M	$76.00M
YoY Change	7.89%	-2.56%
% of Gross Profit	19.71%	24.68%
Operating Expenses	$176.0M	$152.0M
YoY Change	15.79%	-13.14%
Operating Profit	$240.0M	$156.0M
YoY Change	53.85%	113.7%
Interest Expense	$29.00M	$26.00M
YoY Change	11.54%	-16.13%
% of Operating Profit	12.08%	16.67%
Other Income/Expense, Net
YoY Change
Pretax Income	$211.0M	$135.0M
YoY Change	56.3%	221.43%
Income Tax	$73.00M	$44.00M
% Of Pretax Income	34.6%	32.59%
Net Earnings	$138.0M	$91.00M
YoY Change	51.65%	333.33%
Net Earnings / Revenue	8.93%	6.49%
Basic Earnings Per Share	$1.20	$0.77
Diluted Earnings Per Share	$1.19	$0.77
COMMON SHARES
Basic Shares Outstanding	115.1M shares	117.5M shares
Diluted Shares Outstanding	116.4M shares	118.3M shares

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$67.00M	$80.00M
YoY Change	-16.25%	-1.23%
Cash & Equivalents	$67.00M	$80.00M
Short-Term Investments
Other Short-Term Assets	$63.00M	$248.0M
YoY Change	-74.6%	7.36%
Inventory	$753.0M	$786.0M
Prepaid Expenses
Receivables	$879.0M	$853.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.775B	$1.980B
YoY Change	-10.35%	-3.88%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.059B	$2.891B
YoY Change	5.81%	-0.76%
Goodwill	$1.344B	$1.168B
YoY Change	15.07%
Intangibles	$1.152B	$1.010B
YoY Change	14.06%	-1.56%
Long-Term Investments	$0.00	$0.00
YoY Change
Other Assets	$236.0M	$227.0M
YoY Change	3.96%	0.89%
Total Long-Term Assets	$6.202B	$5.699B
YoY Change	8.83%	-0.65%
TOTAL ASSETS
Total Short-Term Assets	$1.775B	$1.980B
Total Long-Term Assets	$6.202B	$5.699B
Total Assets	$7.977B	$7.679B
YoY Change	3.88%	-1.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$974.0M	$921.0M
YoY Change	5.75%	4.9%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$9.000M
YoY Change	-100.0%	-47.06%
Long-Term Debt Due	$177.0M	$3.000M
YoY Change	5800.0%	-25.0%
Total Short-Term Liabilities	$1.156B	$937.0M
YoY Change	23.37%	3.54%
LONG-TERM LIABILITIES
Long-Term Debt	$2.099B	$2.165B
YoY Change	-3.05%	-4.67%
Other Long-Term Liabilities	$172.0M	$141.0M
YoY Change	21.99%	7.63%
Total Long-Term Liabilities	$2.271B	$2.306B
YoY Change	-1.52%	-4.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.156B	$937.0M
Total Long-Term Liabilities	$2.271B	$2.306B
Total Liabilities	$3.427B	$3.243B
YoY Change	5.67%	-1.94%
SHAREHOLDERS EQUITY
Retained Earnings	$1.208B	$874.0M
YoY Change	38.22%	15.3%
Common Stock	$1.000M	$1.000M
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$675.0M	$533.0M
YoY Change	26.64%	1.72%
Treasury Stock Shares	19.90M shares	17.90M shares
Shareholders Equity	$3.864B	$3.708B
YoY Change
Total Liabilities & Shareholders Equity	$7.977B	$7.679B
YoY Change	3.88%	-1.5%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$138.0M	$91.00M
YoY Change	51.65%	333.33%
Depreciation, Depletion And Amortization	$82.00M	$76.00M
YoY Change	7.89%	-2.56%
Cash From Operating Activities	$263.0M	$222.0M
YoY Change	18.47%	43.23%
INVESTING ACTIVITIES
Capital Expenditures	-$89.00M	-$95.00M
YoY Change	-6.32%	4.4%
Acquisitions
YoY Change
Other Investing Activities	-$448.0M	$9.000M
YoY Change	-5077.78%	-88.75%
Cash From Investing Activities	-$537.0M	-$86.00M
YoY Change	524.42%	681.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	287.0M	-131.0M
YoY Change	-319.08%	1.55%
NET CHANGE
Cash From Operating Activities	263.0M	222.0M
Cash From Investing Activities	-537.0M	-86.00M
Cash From Financing Activities	287.0M	-131.0M
Net Change In Cash	13.00M	5.000M
YoY Change	160.0%	-66.67%
FREE CASH FLOW
Cash From Operating Activities	$263.0M	$222.0M
Capital Expenditures	-$89.00M	-$95.00M
Free Cash Flow	$352.0M	$317.0M
YoY Change	11.04%	28.86%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	oc	Proceeds From Sale Of Assets Or Affiliates ProceedsFromSaleOfAssetsOrAffiliates	0	USD
	oc	Proceedsfromsaleofmetal Proceedsfromsaleofmetal	7000000	USD
	oc	Provision For Pension And Other Employee Benefits Liabilities ProvisionForPensionAndOtherEmployeeBenefitsLiabilities	7000000	USD
	oc	Provision For Pension And Other Employee Benefits Liabilities ProvisionForPensionAndOtherEmployeeBenefitsLiabilities	3000000	USD
	oc	Purchasesofmetalforinvestingactivities Purchasesofmetalforinvestingactivities	7000000	USD
	oc	Restructuring Charges And Related Items RestructuringChargesAndRelatedItems	2000000	USD
	oc	Restructuring Charges And Related Items RestructuringChargesAndRelatedItems	2000000	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001370946
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	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
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	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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	oc	Earnings Before Interest And Taxes EarningsBeforeInterestAndTaxes	214000000	USD
CY2016Q2	oc	Earnings Before Interest And Taxes EarningsBeforeInterestAndTaxes	240000000	USD
	oc	Earnings Before Interest And Taxes EarningsBeforeInterestAndTaxes	356000000	USD
CY2016Q2	oc	Environmental Liability Sites EnvironmentalLiabilitySites	20	site
CY2015Q4	oc	Fair Value Adjustment To Debt FairValueAdjustmentToDebt	6000000	USD
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	oc	General Corporate Expense GeneralCorporateExpense	53000000	USD
CY2016Q2	oc	General Corporate Expense GeneralCorporateExpense	22000000	USD
	oc	General Corporate Expense GeneralCorporateExpense	54000000	USD
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	oc	Paymentsof Intercompany Dividends PaymentsofIntercompanyDividends	0	USD
CY2015Q4	oc	Precious Metals Depletion Percentage PreciousMetalsDepletionPercentage	0
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CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
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	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.69
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CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.19
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.67
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-1000000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	1000000	USD
CY2015Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0
CY2016Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.35
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.35
CY2016Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0
CY2016Q2	us-gaap	Environmental Exit Costs Reasonably Possible Additional Losses Best Estimate EnvironmentalExitCostsReasonablyPossibleAdditionalLossesBestEstimate	2000000	USD
CY2015Q4	us-gaap	Equity Method Investments EquityMethodInvestments	0	USD
CY2016Q2	us-gaap	Equity Method Investments EquityMethodInvestments	0	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	195000000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	207000000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	22000000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	27000000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	22000000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	22000000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	22000000	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1194000000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1359000000	USD
	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	163000000	USD
CY2015Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	5000000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	5000000	USD
CY2016Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2015Q4	us-gaap	Goodwill Goodwill	1167000000	USD
CY2016Q2	us-gaap	Goodwill Goodwill	1344000000	USD
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	178000000	USD
	us-gaap	Increase Decrease In Postretirement Obligations IncreaseDecreaseInPostretirementObligations	-10000000	USD
	us-gaap	Increase Decrease In Postretirement Obligations IncreaseDecreaseInPostretirementObligations	-9000000	USD
	us-gaap	Goodwill Translation Adjustments GoodwillTranslationAdjustments	-1000000	USD
CY2015Q2	us-gaap	Gross Profit GrossProfit	308000000	USD
	us-gaap	Gross Profit GrossProfit	517000000	USD
CY2016Q2	us-gaap	Gross Profit GrossProfit	416000000	USD
	us-gaap	Gross Profit GrossProfit	688000000	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
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	211000000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	304000000	USD
CY2015Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2016Q2	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 Tax Expense Benefit IncomeTaxExpenseBenefit	44000000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	57000000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	73000000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	107000000	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	175000000	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	117000000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-13000000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-7000000	USD
	us-gaap	Increase Decrease In Pension Plan Obligations IncreaseDecreaseInPensionPlanObligations	-25000000	USD
	us-gaap	Increase Decrease In Pension Plan Obligations IncreaseDecreaseInPensionPlanObligations	-9000000	USD
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
CY2016Q2	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	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
CY2016Q2	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	800000	shares
	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	800000	shares
CY2015Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	999000000	USD
CY2016Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1152000000	USD
CY2015Q2	us-gaap	Interest Expense InterestExpense	26000000	USD
	us-gaap	Interest Expense InterestExpense	52000000	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	29000000	USD
	us-gaap	Interest Expense InterestExpense	52000000	USD
CY2015Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	436000000	USD
CY2016Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	525000000	USD
CY2015Q4	us-gaap	Inventory Net InventoryNet	644000000	USD
CY2016Q2	us-gaap	Inventory Net InventoryNet	753000000	USD
CY2015Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	208000000	USD
CY2016Q2	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	228000000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7344000000	USD
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	1702000000	USD
CY2016Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	2099000000	USD
CY2016Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7977000000	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1081000000	USD
CY2016Q2	us-gaap	Liabilities Current LiabilitiesCurrent	1156000000	USD
CY2014Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	800000000	USD
CY2015Q4	us-gaap	Long Term Debt LongTermDebt	1865000000	USD
CY2016Q2	us-gaap	Long Term Debt LongTermDebt	2276000000	USD
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	163000000	USD
CY2016Q2	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	177000000	USD
CY2015Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	163000000	USD
CY2016Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	177000000	USD
CY2015Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1702000000	USD
CY2016Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2099000000	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	40000000	USD
CY2016Q2	us-gaap	Minority Interest MinorityInterest	41000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	83000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	279000000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-175000000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-635000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	106000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	326000000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	91000000	USD
	us-gaap	Net Income Loss NetIncomeLoss	109000000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	138000000	USD
	us-gaap	Net Income Loss NetIncomeLoss	195000000	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	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	3000000	USD
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	152000000	USD
	us-gaap	Operating Expenses OperatingExpenses	303000000	USD
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	176000000	USD
	us-gaap	Operating Expenses OperatingExpenses	332000000	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	47000000	USD
CY2016Q2	us-gaap	Other Assets Current OtherAssetsCurrent	63000000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	222000000	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	236000000	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
CY2016Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	3000000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	4000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax	-1000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax	0	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
CY2016Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-13000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	21000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-5000000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	5000000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax	-2000000	USD
CY2016Q2	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 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
CY2016Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	0	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-10000000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	137000000	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	172000000	USD
	us-gaap	Other Noncash Income OtherNoncashIncome	11000000	USD
	us-gaap	Other Noncash Income OtherNoncashIncome	5000000	USD
CY2015Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	240000000	USD
CY2016Q2	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	238000000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-2000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	47000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	87000000	USD
CY2016Q2	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	85000000	USD
	us-gaap	Payments For Restructuring PaymentsForRestructuring	2000000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	39000000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	40000000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	450000000	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	177000000	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	187000000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	300000000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	819000000	USD
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	434000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	11000000	USD
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	4000000	USD
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-19000000	USD
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-6000000	USD
CY2015Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	43000000	USD
	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	11000000	USD
CY2016Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	21000000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	40000000	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	92000000	USD
CY2016Q2	us-gaap	Restructuring And Related Cost Cost Incurred To Date1 RestructuringAndRelatedCostCostIncurredToDate1	40000000	USD
	us-gaap	Profit Loss ProfitLoss	111000000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	139000000	USD
	us-gaap	Restructuring Charges RestructuringCharges	2000000	USD
	us-gaap	Restructuring Costs RestructuringCosts	2000000	USD
CY2015Q4	us-gaap	Restructuring Reserve RestructuringReserve	7000000	USD
CY2016Q2	us-gaap	Restructuring Reserve RestructuringReserve	5000000	USD
	us-gaap	Restructuring Reserve Settled Without Cash1 RestructuringReserveSettledWithoutCash1	2000000	USD
CY2016Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	48000000	USD
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	6000000	USD
	us-gaap	Profit Loss ProfitLoss	198000000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	4811000000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	5035000000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2956000000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3059000000	USD
CY2015Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	709000000	USD
CY2016Q2	us-gaap	Receivables Net Current ReceivablesNetCurrent	879000000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	8000000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	634000000	USD
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	326000000	USD
CY2015Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	18000000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	35000000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1055000000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1208000000	USD
CY2015Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1403000000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	2606000000	USD
CY2016Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1545000000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	2776000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	14000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	17000000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P4Y
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	11300	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	244250	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	48.74
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.266
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.008
CY2013Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate	0.85
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	11350	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	1953320	shares
CY2016Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	1689825	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	31.09
CY2016Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	31.11
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	30.63
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	38.50
	us-gaap	Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Term1 ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedTerm1	P2Y10M27D
CY2015Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	6000000	USD
CY2016Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	0	USD
CY2016Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	0	USD
CY2015Q4	us-gaap	Short Term Debt Weighted Average Interest Rate ShortTermDebtWeightedAverageInterestRate	0
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	252145	shares
CY2016Q2	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	2800000	shares
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	1800000	shares
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	3739000000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	3864000000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3779000000	USD
CY2016Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3905000000	USD
CY2015Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	19600000	shares
CY2016Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	19900000	shares
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	612000000	USD
CY2016Q2	us-gaap	Treasury Stock Value TreasuryStockValue	675000000	USD
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
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	116400000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	116500000	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
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	115100000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	115300000	shares

Files In Submission

Name	View Source	Status
0001370946-16-000311-index-headers.html	Edgar Link	pending
0001370946-16-000311-index.html	Edgar Link	pending
0001370946-16-000311.txt	Edgar Link	pending
0001370946-16-000311-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
oc-20160630.xml	Edgar Link	completed
oc-20160630.xsd	Edgar Link	pending
oc-20160630_cal.xml	Edgar Link	unprocessable
oc-20160630_def.xml	Edgar Link	unprocessable
oc-20160630_lab.xml	Edgar Link	unprocessable
oc-20160630_pre.xml	Edgar Link	unprocessable
oc-2016x06x30x10q.htm	Edgar Link	pending
oc-2016x06x30x10qxexh1040.htm	Edgar Link	pending
oc-2016x06x30x10qxexh311.htm	Edgar Link	pending
oc-2016x06x30x10qxexh312.htm	Edgar Link	pending
oc-2016x06x30x10qxexh321.htm	Edgar Link	pending
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$OC
Owens Corning Stock $oc

2016 Q2 Form 10-Q Financial Statement

#000137094616000311 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OC Owens Corning Stock $oc

2016 Q2 Form 10-Q Financial Statement

#000137094616000311 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OC
Owens Corning Stock $oc