SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-K/A
Amendment No. 1
Annual Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
For the Fiscal Year Ended December 31, 1999
Commission File No. 1-3660
Owens Corning
One Owens Corning Parkway
Toledo, Ohio 43659
Area Code (419) 248-8000
A Delaware Corporation
I.R.S. Employer Identification No. 34-4323452
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class Name of Each Exchange on
Which Registered
Common Stock - $.10 Par Value New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the Registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes / X / No / /
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein,
and will not be contained, to the best of Registrant's knowledge,
in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]
At February 21, 2000, the aggregate market value of Registrant's
$.10 par value common stock (Registrant's voting stock) held by
non-affiliates was $850,590,859, assuming for purposes of this
computation only that all directors and executive officers are
considered affiliates.
At February 21, 2000, there were outstanding 55,485,313 shares of
Registrant's $.10 par value common stock.
Parts of Registrant's definitive 2000 proxy statement filed or to
be filed pursuant to Regulation 14A (the "2000 Proxy Statement")
are incorporated by reference into Part III of this Form 10-K.
Owens Corning's Form 10-K for the year ended December 31, 1999,
filed on March 14, 2000, is hereby amended by amending Exhibit 27
thereof to read as set forth below.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
OWENS CORNING
Registrant
Date: March 20, 2000 /s/ Deyonne F. Epperson
---------------- ---------------------------
Deyonne F. Epperson
Vice President and
Controller
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM SEC FORM 10-K AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<CASH> 70
<SECURITIES> 900
<RECEIVABLES> 358
<ALLOWANCES> 0
<INVENTORY> 466
<CURRENT-ASSETS> 2,088
<PP&E> 3,692
<DEPRECIATION> 1,992
<TOTAL-ASSETS> 6,494
<CURRENT-LIABILITIES> 2,916
<BONDS> 1,764
<COMMON> 695
194
0
<OTHER-SE> (1,576)
<TOTAL-LIABILITY-AND-EQUITY> 6,494
<SALES> 5,048
<TOTAL-REVENUES> 5,048
<CGS> 3,824
<TOTAL-COSTS> 3,824
<OTHER-EXPENSES> (5)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 152
<INCOME-PRETAX> 426
<INCOME-TAX> 149
<INCOME-CONTINUING> 277
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 270
<EPS-BASIC> 4.98
<EPS-DILUTED> 4.67
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