DEBT (Tables)

3 Months Ended

Mar. 31, 2025

Details of the Company’s outstanding long-term debt, as well as the fair values, are as follows:


	March 31, 2025				December 31, 2024
(In millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
3.400% senior notes, net of discount and financing fees, due 2026	$	399	98	%	$	399	98	%
5.500% senior notes, net of discount and financing fees, due 2027	497		102	%	497		102	%
5.375% senior notes, net of discount and financing fees, due 2028	—		—	%	29		99	%
3.950% senior notes, net of discount and financing fees, due 2029	447		97	%	447		95	%
3.500% senior notes, net of discount and financing fees, due 2030	2		92	%	2		89	%
3.500% senior notes, net of discount and financing fees, due 2030	339		94	%	338		93	%
3.875% senior notes, net of discount and financing fees, due 2030	298		95	%	298		94	%
5.700% senior notes, net of discount and financing fees, due 2034	790		103	%	790		102	%
7.000% senior notes, net of discount and financing fees, due 2036	369		113	%	369		112	%
4.300% senior notes, net of discount and financing fees, due 2047	589		81	%	589		80	%
4.400% senior notes, net of discount and financing fees, due 2048	391		82	%	391		80	%


5.950% senior notes, net of discount and financing fees, due 2054	683		100	%	683		99	%
Various finance leases, due through 2050 (a)	276		100	%	267		100	%

Total long-term debt	5,080		N/A		5,099		N/A

Less – current portion of finance leases and other (a)	35		100	%	32		100	%
Long-term debt, net of current portion	$	5,045	N/A		$	5,067	N/A

(a)The Company determined that the book value of the above noted long-term debt instruments approximates fair value.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Owens Corning 10-Q