Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Information about our product segments is as follows (dollars in millions):

	Year Ended December 31,
	2023		2022		2021
NET SALES BY BUSINESS SEGMENT
Siding	$	1,328	$	1,469	$	1,170
OSB	1,026		2,062		2,387
LPSA	205		241		265
Other	22		84		95
Intersegment Sales	—		(2)		(3)
Total sales	$	2,581	$	3,854	$	3,915
NET INCOME TO ADJUSTED EBITDA RECONCILIATION
Net income	$	178	$	1,083	$	1,373
Add (deduct):
Net loss attributed to non-controlling interest	—		3		4
Income from discontinued operations, net of income taxes	—		(198)		(71)
Income attributed to LP from continuing operations	178		888		1,306
Provision for income taxes	74		274		402
Depreciation and amortization	119		129		114
Stock-based compensation expense	13		19		16
Loss on impairment attributed to LP	6		1		5
Other operating credits and charges, net	18		(16)		(1)
Business exit charges	32		—		—
Pension settlement charges	4		82		2
Interest expense	14		11		14
Investment income	(18)		(14)		(1)
Loss on early debt extinguishment	—		—		11
Other non-operating items	39		15		9
Adjusted EBITDA	$	478	$	1,389	$	1,877
SEGMENT ADJUSTED EBITDA
Siding	$	269	$	339	$	289
OSB	220		1,034		1,531
LPSA	42		77		113
Other	(17)		(23)		(20)
Corporate	(36)		(38)		(36)
Adjusted EBITDA	$	478	$	1,389	$	1,877

	Year Ended December 31,
	2023		2022		2021
Depreciation and Amortization
Siding	$	67	$	46	$	34
OSB	43		71		69
LPSA	7		8		8
Other	2		4		4
Non-segment related	—		—		—
Total depreciation and amortization	$	119	$	129	$	114
Capital Expenditures
Siding	$	212	$	316	$	177
OSB	59		53		47
LPSA	19		20		20
Other	—		1		2
Non-segment related	10		21		4
Total capital expenditures	$	300	$	412	$	250

Information concerning identifiable assets by segment is as follows (dollars in millions):

	December 31,
	2023		2022
Identifiable Assets
Siding	$	1,291	$	1,045
OSB	526		491
LPSA	165		151
Other	11		74
Non-segment related	444		589
Total assets	$	2,437	$	2,350

Schedule of Segment Reporting Information, by Geographical Areas [Table Text Block]

Information concerning our geographic segments is as follows (dollars in millions):

	Year Ended December 31,
	2023		2022		2021
GEOGRAPHIC LOCATIONS
Total Sales—Point of origin
U.S.	$	2,265	$	3,329	$	3,354
Canada	610		827		613
LPSA	241		273		291
Intercompany sales	(535)		(575)		(344)
Total Sales	$	2,581	$	3,854	$	3,915
Operating profit (loss)
U.S.	$	304	$	1,084	$	1,567
Canada	40		129		112
LPSA	35		70		106
Other operating credits and charges, net and loss on impairments of assets	(49)		15		(5)
General corporate expense, loss on early debt extinguishment, other income (expense), interest, net and equity in unconsolidated affiliates	(78)		(139)		(77)
Income before income taxes, including equity in unconsolidated affiliates	252		1,159		1,704
Provision for income taxes	(74)		(274)		(402)
Income from continuing operations	$	178	$	885	$	1,302
Loss attributed to noncontrolling interest	—		3		4
Income attributed to LP from continuing operations	$	178	$	888	$	1,306
IDENTIFIABLE TANGIBLE LONG LIVED ASSETS
U.S.	$	996	$	939	$	671
Canada	472		356		359
South America	104		87		75
Total assets	$	1,572	$	1,382	$	1,106