Business Exit Charges

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

Business Exit Charges

BUSINESS EXIT CHARGES

During the second quarter of 2023, we ceased the manufacturing operations of Entekra Holdings, LLC (Entekra), an off-site framing operation previously reported within our “Other” category, which comprises other products that are not individually significant. Business exit charges were $1 million and $35 million for the three and nine months ended September 30, 2023, respectively, which consist of the following (dollar amounts in millions):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023		2023
Impairment of property, plant and equipment, operating lease assets, and other intangible assets1	$	—	$	24
Restructuring and other related charges:
Inventory write-down2	—		6
Other expenses including personnel-related costs such as severance3	1		4
	$	1	$	35

1Included within Impairment of long-lived assets, net on the Condensed Consolidated Income Statements.

2Included within Cost of sales on the Condensed Consolidated Income Statements.

3Included within Other operating credits and charges, net on the Condensed Consolidated Income Statements.