CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions |
3 Months Ended |
9 Months Ended |
Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2015 |
Sep. 30, 2014 |
| Income Statement [Abstract] |
|
|
|
|
| NET SALES |
$ 1,461
|
$ 1,382
|
$ 4,082
|
$ 4,015
|
| COST OF SALES |
1,121
|
1,131
|
3,225
|
3,282
|
| Gross margin |
340
|
251
|
857
|
733
|
| OPERATING EXPENSES |
|
|
|
|
| Marketing and administrative expenses |
130
|
110
|
389
|
372
|
| Science and technology expenses |
18
|
18
|
53
|
57
|
| Charges related to cost reduction actions |
(5)
|
19
|
(5)
|
31
|
| Other expenses (income), net |
1
|
(3)
|
10
|
(15)
|
| Total operating expenses |
144
|
144
|
447
|
445
|
| EARNINGS BEFORE INTEREST AND TAXES |
196
|
107
|
410
|
288
|
| Interest expense, net |
28
|
28
|
80
|
86
|
| Gains (Losses) on Extinguishment of Debt |
0
|
0
|
(5)
|
0
|
| EARNINGS BEFORE TAXES |
168
|
79
|
335
|
202
|
| Less: Income tax expense |
55
|
27
|
112
|
9
|
| Equity in net earnings of affiliates |
0
|
0
|
1
|
1
|
| NET EARNINGS |
113
|
52
|
224
|
194
|
| Less: Net earnings attributable to noncontrolling interests |
1
|
0
|
3
|
1
|
| NET EARNINGS ATTRIBUTABLE TO OWENS CORNING |
$ 112
|
$ 52
|
$ 221
|
$ 193
|
| EARNINGS PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS |
|
|
|
|
| Basic (in dollars per share) |
$ 0.96
|
$ 0.44
|
$ 1.88
|
$ 1.64
|
| Diluted (in dollars per share) |
0.95
|
0.44
|
1.87
|
1.63
|
| Dividend (in dollars per share) |
$ 0.17
|
$ 0.16
|
$ 0.51
|
$ 0.48
|
| WEIGHTED AVERAGE COMMON SHARES |
|
|
|
|
| Basic (in shares) |
117.2
|
117.4
|
117.5
|
117.5
|
| Diluted (in shares) |
118.3
|
118.1
|
118.4
|
118.3
|