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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS        
Cash and cash equivalents $ 51 $ 52 $ 50 $ 52
Receivables, less allowances 770 610    
Inventories 793 795    
Other current assets 155 179    
Total current assets 1,769 1,636    
Property, plant and equipment, net 2,912 2,904    
Goodwill 1,144 1,144    
Intangible assets 1,050 1,073    
Deferred income taxes 564 538    
Other non-current assets 253 232    
TOTAL ASSETS 7,692 7,527    
CURRENT LIABILITIES        
Accounts Payable and Accrued Liabilities, Current 867 876    
Short-term debt 19 28    
Long-term debt - current portion 6 4    
Total current liabilities 892 908    
Long-term debt, net of current portion 2,191 1,930    
Pension plan liability 420 435    
Other employee benefits liability 259 267    
Deferred income taxes 43 51    
Other liabilities 207 195    
Commitments and Contingencies          
OWENS CORNING STOCKHOLDERS' EQUITY        
Preferred stock, par value $0.01 per share    [1]    [1]    
Common stock, par value $0.01 per share 1 [2] 1 [2]    
Additional paid in capital 3,917 3,907    
Accumulated earnings (deficit) 507 470    
Accumulated other comprehensive deficit (305) (315)    
Cost of common stock in treasury (475) [3] (362) [3]    
Total Owens Corning stockholders' equity 3,645 3,701    
Noncontrolling interest 35 40    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 3,680 3,741    
TOTAL LIABILITIES AND EQUITY $ 7,692 $ 7,527    
[1] 10 shares authorized; none issued or outstanding at Sep. 30, 2012, and Dec. 31, 2011
[2] 400 shares authorized; 135.5 issued and 118.2 outstanding at Sep. 30, 2012; 134.4 issued and 120.9 outstanding at Dec. 31, 2011
[3] 17.3 shares at Sep. 30, 2012, and 13.5 shares at Dec. 31, 2011