Revenue (Tables)

9 Months Ended

Sep. 30, 2021

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]

Three Months Ended September 30, 2021
By product type and family:	Siding		OSB		EWP		South America		Other		Inter-segment		Total
Value-add
Siding Solutions	$	310	$	—	$	—	$	9	$	—	$	—	$	319
OSB - Structural Solutions	—		307		—		65		—		—		372
I-Joist	—		—		109		—		—		—		109
LVL	—		—		51		—		—		—		51
LSL	—		—		20		—		—		(1)		20
	310		307		180		75		—		(1)		871
Commodity
OSB - commodity	—		290		—		—		—		—		290
Plywood	—		—		9		—		—		—		9
	—		290		9		—		—		—		299
Other
Other products	3		4		11		2		30		—		49
	$	312	$	600	$	201	$	76	$	30	$	(1)	$	1,219

Nine Months Ended September 30, 2021
By product type and family:	Siding		OSB		EWP		South America		Other		Inter-segment		Total
Value-add
Siding Solutions	$	879	$	—	$	—	$	29	$	—	$	—	$	908
OSB - Structural Solutions	—		912		—		171		—		—		1,082
I-Joist	—		—		232		—		—		—		232
LVL	—		—		140		—		—		—		140
LSL	—		—		39		—		—		(2)		39
	879		912		411		200		—		(2)		2,402
Commodity
OSB - commodity	—		997		—		—		—		—		997
Plywood	—		—		41		—		—		—		41
	—		997		41		—		—		—		1,038
Other
Other products	9		9		29		3		73		—		123
	$	889	$	1,917	$	481	$	203	$	73	$	(2)	$	3,561

Three Months Ended September 30, 2020
By product type and family:	Siding		OSB		EWP		South America		Other		Inter-segment		Total
Value-add
Siding Solutions	$	260	$	—	$	—	$	4	$	—	$	—	$	264
OSB - Structural Solutions	—		162		—		40		—		—		202
I-Joist	—		—		37		—		—		—		37
LVL	—		—		35		—		—		—		35
LSL	—		—		14		—		—		—		14
	260		162		86		44		—		—		552
Commodity
OSB - commodity	—		198		—		—		—		—		198
Plywood	—		—		7		—		—		—		7
	—		198		7		—		—		—		205
Other
Other products	8		8		10		1		11		—		38
	$	268	$	368	$	103	$	45	$	11	$	—	$	795

Nine Months Ended September 30, 2020
By product type and family:	Siding		OSB		EWP		South America		Other		Inter-segment		Total
Value-add
Siding Solutions	$	658	$	—	$	—	$	12	$	—	$	—	$	670
OSB - Structural Solutions	—		360		2		104		—		—		466
I-Joist	—		—		106		—		—		—		106
LVL	—		—		101		—		—		—		101
LSL	—		—		35		—		—		—		35
	658		360		244		116		—		—		1,378
Commodity
OSB - commodity	—		419		—		—		—		—		419
Plywood	—		—		16		—		—		—		16
	—		419		16		—		—		—		435
Other
Other products	42		13		21		3		36		—		115
	$	700	$	792	$	281	$	119	$	36	$	—	$	1,928

Revenue is recognized when obligations under the terms of a contract (i.e., purchase orders) with our customers are satisfied; generally, this occurs with the transfer of control of our products at a point in time. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods. The shipping cost incurred by us to deliver products to our customers is recorded in cost of sales. The expected costs associated with our warranties continue to be recognized as an expense when the products are sold.

Our businesses routinely incur customer program costs to obtain favorable product placement, to promote sales of products, and to maintain competitive pricing. Customer program costs and incentives, including rebates and promotion and volume allowances, are accounted for as deductions from net sales at the time the program is initiated. These reductions from revenue are recorded at the time of sale or the implementation of the program based on management’s best estimates. Estimates are based on historical and projected experience for each type of program or customer. Volume allowances are accrued based on management’s estimates of customer volume achievement and other factors incorporated into customer agreements, such as new product purchases, store sell-through, and merchandising support. Management adjusts accruals when circumstances indicate (typically as a result of a change in volume expectations).

We ship some of our products to customers’ distribution centers on a consignment basis. We retain title to our products stored at the distribution centers. As our products are removed from the distribution centers by retailers and shipped to retailers’ stores, title passes from us to the retailers. At that time, we invoice the retailers and recognize revenue for these consignment transactions. We do not offer a right of return for products shipped to the retailers’ stores from the distribution.