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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 82 $ 78
Receivables, less allowances of $12 at March 31, 2019 and $16 at December 31, 2018 1,040 794
Inventories 1,109 1,072
Assets held for sale 3 3
Other current assets 99 73
Total current assets 2,333 2,020
Property, plant and equipment, net 3,776 3,811
Operating lease right-of-use assets 235 0
Goodwill 1,935 1,949
Intangible assets 1,758 1,779
Deferred income taxes 44 43
Other non-current assets 184 169
TOTAL ASSETS 10,265 9,771
LIABILITIES AND EQUITY    
Current liabilities 1,275 1,278
Long-term debt, net of current portion 3,711 3,362
Pension plan liability 258 268
Other employee benefits liability 187 190
Non-current operating lease liabilities 168 0
Deferred income taxes 169 141
Other liabilities 195 208
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 4,025 4,028
Accumulated earnings 2,033 2,013
Accumulated other comprehensive deficit (647) (656)
Cost of common stock in treasury [3] (1,150) (1,103)
Total Owens Corning stockholders’ equity 4,262 4,283
Noncontrolling interests 40 41
Total equity 4,302 4,324
TOTAL LIABILITIES AND EQUITY $ 10,265 $ 9,771
[1] 10 shares authorized; none issued or outstanding at March 31, 2019 and December 31, 2018
[2] 400 shares authorized; 135.5 issued and 108.6 outstanding at March 31, 2019; 135.5 issued and 109.5 outstanding at December 31, 2018
[3] shares at March 31, 2019 and 26.0 shares at December 31, 2018