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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 1,323 $ 1,099
Receivables, less allowance of $12 at September 30, 2023 and $11 at December 31, 2022 1,300 961
Inventories 1,232 1,334
Assets held for sale 0 45
Other current assets 94 117
Total current assets 3,949 3,556
Property, plant and equipment, net 3,688 3,729
Operating lease right-of-use assets 216 204
Goodwill 1,378 1,383
Intangible assets 1,526 1,602
Deferred income taxes 19 16
Other non-current assets 293 262
TOTAL ASSETS 11,069 10,752 Close
CURRENT LIABILITIES    
Accounts payable 1,161 1,345
Current operating lease liabilities 60 52
Other current liabilities 605 707
Total current liabilities 1,826 2,104
Long-term debt, net of current portion 3,002 2,992
Pension plan liability 73 78
Other employee benefits liability 116 118
Non-current operating lease liabilities 156 152
Deferred income taxes 430 388
Other liabilities 316 299
Total liabilities 5,919 6,131 Close
Redeemable noncontrolling interest 25 25 Close
OWENS CORNING STOCKHOLDERS’ EQUITY    
Preferred stock, par value $0.01 per share [1] 0 0
Common stock, par value $0.01 per share [2] 1 1
Additional paid in capital 4,152 4,139
Accumulated earnings 4,718 3,794
Accumulated other comprehensive deficit (703) (681)
Cost of common stock in treasury [3] (3,063) (2,678)
Total Owens Corning stockholders’ equity 5,105 4,575
Noncontrolling interests 20 21
Total equity 5,125 4,596 Close
TOTAL LIABILITIES AND EQUITY $ 11,069 $ 10,752
[1] 10 shares authorized; none issued or outstanding at September 30, 2023 and December 31, 2022
[2] 400 shares authorized; 135.5 issued and 88.9 outstanding at September 30, 2023; 135.5 issued and 91.9 outstanding at December 31, 2022
[3] 46.6 shares at September 30, 2023 and 43.6 shares at December 31, 2022