CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS          
Cash and cash equivalents $ 62 $ 67   $ 51 $ 57
Receivables, less allowances of $9 at September 30, 2015 and $10 at December 31, 2014 861 674      
Inventories 701 817      
Assets held for sale 14 16      
Other current assets 237 233      
Total current assets 1,875 1,807      
Property, plant and equipment, net 2,885 2,899      
Goodwill 1,167 1,168      
Intangible assets 1,004 1,017      
Deferred income taxes 352 444      
Other non-current assets 228 220      
TOTAL ASSETS 7,511 7,555      
CURRENT LIABILITIES          
Accounts payable and accrued liabilities 963 949      
Short-term debt 18 31      
Long-term debt – current portion 3 3      
Total current liabilities 984 983      
Long-term debt, net of current portion 1,979 1,991      
Pension plan liability 375 447      
Other employee benefits liability 243 252      
Deferred income taxes 18 22      
Other liabilities 138 130      
OWENS CORNING STOCKHOLDERS’ EQUITY          
Preferred stock, par value $0.01 per share (a) [1] 0 0      
Common stock, par value $0.01 per share (b) [2] 1 1      
Additional paid in capital 3,959 3,954      
Accumulated earnings 966 805      
Accumulated other comprehensive deficit (617) (550) $ (356)    
Cost of common stock in treasury (c) [3] (574) (518)      
Total Owens Corning stockholders’ equity 3,735 3,692      
Noncontrolling interests 39 38      
Total equity 3,774 3,730      
TOTAL LIABILITIES AND EQUITY $ 7,511 $ 7,555      
[1] shares authorized; none issued or outstanding at September 30, 2015, and
[2] 0 shares authorized; 135.5 issued and 116.7 outstanding at September 30, 2015; 135.5 issued and 117.8 outstanding at
[3] shares at September 30, 2015, and 17.7 shares at