Owens-Corning (Owens-Corning) Long-Term Capital Lease Obligation

: $165 Mil (As of Dec. 2023)

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Owens-Corning's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $165 Mil.

Owens-Corning's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($165 Mil) to Sep. 2023 ($156 Mil) but then increased from Sep. 2023 ($156 Mil) to Dec. 2023 ($165 Mil).

Owens-Corning's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($109 Mil) to Dec. 2022 ($152 Mil) and increased from Dec. 2022 ($152 Mil) to Dec. 2023 ($165 Mil).

Owens-Corning Long-Term Capital Lease Obligation Historical Data

The historical data trend for Owens-Corning's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 138.00 [6] => 99.00 [7] => 109.00 [8] => 152.00 [9] => 165.00 )

Owens-Corning Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

138.00

99.00

109.00

152.00

165.00

Owens-Corning Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																152.00	157.00	165.00	156.00	165.00

Owens-Corning (NYSE:OC) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Owens-Corning Long-Term Capital Lease Obligation Related Terms

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Owens-Corning (Owens-Corning) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Owens-Corning Inc (NYSE:OC) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

O5Q:Germany

Address

One Owens Corning Parkway, Toledo, OH, USA, 43659

Website

https://www.owenscorning.com

Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. The company generates maximum revenue from the Insulation segment. Its Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing, and accessories. It also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications.

Executives

Marcio A Sandri	officer: President, Composites	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Mari Doerfler	officer: Vice President and Controller	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
W Howard Morris	director	1538 STRATHCONA, DETROIT MI 48203
Monaco Nicolas Del	officer: President, Insulation	ONE OWENS CORNING PKWY, TOLEDO OH 43659
Todd W Fister	officer: President, Insulation	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Gunner Smith	officer: President, Roofing	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Paula Russell	officer: SVP, Chief HR Officer	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Jose Mendez-andino	officer: EVP, Chief R&D Officer	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Kelly Schmidt	officer: Vice President and Controller	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Brian Chambers	officer: President, Roofing and Asphalt	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Daniel T Smith	officer: Sr. VP Organization & Admin	OWENS CORNING, ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Gina A. Beredo	officer: EVP, GC and Secretary	C/O OWENS CORNING, ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Paul Edward Martin	director	C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
Alfred E Festa	director
Kenneth Scott Parks	officer: Sr. VP&Chief Financial Officer	ONE OWENS CORNING PARKWAY, TOLEDO OH 43659