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Segment Information | 12 Months Ended
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Dec. 31, 2019
Segment Reporting Information [Line Items] |
Segment Reporting Disclosure [Text Block] | 20. SEGMENT INFORMATION We operate in four segments: Siding, OSB, EWP, and South America. Our business units have been aggregated into these four segments based upon the similarity of economic characteristics, customers, and distribution methods. Our results of operations are summarized below for each of these segments separately as well as for the “other” category, which comprises other products that are not individually significant. We evaluate the performance of our business segments based on net sales and Adjusted EBITDA. Accordingly, our chief operating decision maker evaluates performance and allocates resources based primarily on net sales and Adjusted EBITDA for our business segments. Adjusted EBITDA is a non-GAAP financial measure and is defined as earnings from continuing operations before interest expense, income taxes, depreciation and amortization, and exclude stock-based compensation expense, impairment of long-lived assets, other operating credits and charges, net, loss on early debt extinguishment, investment income and other non-operating items. During the fourth quarter of 2019, we changed our measure of segment profit information to Adjusted EBITDA which reflects the information that our chief operating decision maker uses to evaluate performance and allocates resources to the segments. Accordingly, we have provided Adjusted EBITDA of each segment for all prior periods presented. The Siding segment consists of LP SmartSide® trim and siding, LP CanExel® prefinished siding, as well as LP Outdoor Building Solutions® innovative products for premium outdoor buildings. The OSB segment manufactures and distributes OSB structural panel products in the U.S. and Canada. Our OSB structural panel products include LP OSB, LP TechShield® radiant barrier, LP TopNotch® sub-flooring, LP Legacy® super tough, moisture-resistant sub-flooring and LP FlameBlock® fire-rated sheathing. The EWP segment consists of LP SolidStart® I-Joist (IJ), Laminated Veneer Lumber (LVL), Laminated Strand Lumber (LSL), and other related products. This segment also includes the sales of I-Joist and LVL products produced by our joint venture and sales of plywood produced as a by-product of the LVL production process. During 2019, certain timber operations were reclassified from Other to EWP, and we have reclassified a significant portion of our unallocated expenses to the business segments. Our South America segment manufactures and distributes OSB structural panel and siding products in South America and certain export markets. This segment has manufacturing operations in two countries, Chile and Brazil, and operates sales offices in Chile, Brazil, Peru, Columbia, and Argentina. Information about our product segments is as follows:
| Year ended December 31,
Dollar amounts in millions | 2019 |  | 2018 |  | 2017
NET SALES BY BUSINESS SEGMENT |  |  |  |  |
Siding | $ | 963 |  |  | $ | 942 |  |  | $ | 884 |
OSB | 777 |  |  | 1,305 |  |  | 1,303 |
EWP | 396 |  |  | 409 |  |  | 384 |
South America | 159 |  |  | 161 |  |  | 155 |
Other products | 20 |  |  | 11 |  |  | 12 |
Intersegment Sales | (5 | ) |  | — |  |  | (4 | )
Total sales | $ | 2,310 |  |  | $ | 2,828 |  |  | $ | 2,734 |
PROFIT BY SEGMENT |  |  |  |  |
Net income | $ | (10 | ) |  | $ | 395 |  |  | $ | 390 |
Add (deduct): |  |  |  |  |
Loss from noncontrolling interest | 5 |  |  | — |  |  | — |
Loss from discontinued operations | — |  |  | 4 |  |  | 1 |
Income from continuing operations attributed to LP | (5 | ) |  | 399 |  |  | 391 |
Provision for income taxes | (13 | ) |  | 122 |  |  | 119 |
Depreciation and amortization | 122 |  |  | 120 |  |  | 123 |
Stock-based compensation | 9 |  |  | 8 |  |  | 10 |
Impairment of long-lived assets | 92 |  |  | 11 |  |  | 9 |
Other operating credits and charges, net | 1 |  |  | (2 | ) |  | 3 |
Interest expense, net | 9 |  |  | (2 | ) |  | 9 |
Non-operating items | (6 | ) |  | 4 |  |  | 14 |
Adjusted EBITDA | $ | 209 |  |  | $ | 660 |  |  | $ | 678 |
Siding | $ | 177 |  |  | $ | 202 |  |  | $ | 192 |
OSB | 10 |  |  | 425 |  |  | 459 |
EWP | 26 |  |  | 26 |  |  | 23 |
South America | 34 |  |  | 40 |  |  | 33 |
Other | (11 | ) |  | (8 | ) |  | (6 | )
Corporate | (27 | ) |  | (25 | ) |  | (23 | )
ADJUSTED EBITDA | $ | 209 |  |  | $ | 660 |  |  | $ | 678 |
| Year ended December 31,
| 2019 |  | 2018 |  | 2017
DEPRECIATION AND AMORTIZATION |  |  |  |  |
Siding | $ | 37 |  |  | $ | 32 |  |  | $ | 31 |
OSB | 59 |  |  | 58 |  |  | 62 |
EWP | 16 |  |  | 16 |  |  | 18 |
South America | 9 |  |  | 9 |  |  | 9 |
Other products | 2 |  |  | 1 |  |  | 1 |
Non-segment related | — |  |  | 3 |  |  | 2 |
Total depreciation and amortization | $ | 123 |  |  | $ | 120 |  |  | $ | 123 |
CAPITAL EXPENDITURES |  |  |  |  |
Siding | $ | 88 |  |  | $ | 117 |  |  | $ | 63 |
OSB | 46 |  |  | 55 |  |  | 58 |
EWP | 6 |  |  | 10 |  |  | 6 |
South America | 7 |  |  | 28 |  |  | 18 |
Other products | 12 |  |  | 1 |  |  | 1 |
Non-segment related | 4 |  |  | 3 |  |  | 3 |
Total capital expenditures | $ | 163 |  |  | $ | 214 |  |  | $ | 149 |
Information concerning identifiable assets by segment is as follows:
Dollar amounts in millions | December 31,
2019 |  | 2018
IDENTIFIABLE ASSETS |  |  |
Siding | $ | 537 |  |  | $ | 487 |
OSB | 558 |  |  | 579 |
EWP | 146 |  |  | 183 |
South America | 109 |  |  | 114 |
Other products | 16 |  |  | 3 |
Non-segment related | 469 |  |  | 1,148 |
Total assets | $ | 1,835 |  |  | $ | 2,514 |
Non-segment related assets include cash and cash equivalents, short-term and long-term investments, corporate assets, and other items. Information concerning our geographic segments is as follows:
| Year ended December 31,
Dollar amounts in millions | 2019 |  | 2018 |  | 2017
GEOGRAPHIC LOCATIONS |  |  |  |  |
Total Sales—Point of origin |  |  |  |  |
U.S. | $ | 1,968 |  |  | $ | 2,409 |  |  | $ | 2,307 |
Canada | 653 |  |  | 861 |  |  | 704 |
South America | 178 |  |  | 174 |  |  | 165 |
Intercompany sales | (489 | ) |  | (616 | ) |  | (442 | )
Total Sales | $ | 2,310 |  |  | $ | 2,828 |  |  | $ | 2,734 |
Operating profit (loss) |  |  |  |  |
U.S. | $ | 95 |  |  | $ | 475 |  |  | $ | 462 |
Canada | (17 | ) |  | 138 |  |  | 167 |
South America | 25 |  |  | 31 |  |  | 24 |
Other operating credits and charges, net and gain (loss) on sales of and impairments of long-lived assets | (93 | ) |  | (9 | ) |  | (12 | )
General corporate expense, loss on early debt extinguishment, other income (expense) and interest, net | (33 | ) |  | (114 | ) |  | (131 | )
| (23 | ) |  | 521 |  |  | 510 |
Provision for income taxes | 13 |  |  | (122 | ) |  | (119 | )
Income from continuing operations | $ | (10 | ) |  | $ | 399 |  |  | $ | 391 |
Loss attributed to noncontrolling interest | 5 |  |  | — |  |  | — |
Incoming from continuing operations attributed to LP | $ | (5 | ) |  | $ | 399 |  |  | $ | 391 |
IDENTIFIABLE TANGIBLE LONG LIVED ASSETS |  |  |  |  |
U.S. | $ | 570 |  |  | $ | 542 |  |  | $ | 533 |
Canada | 390 |  |  | 408 |  |  | 336 |
South America | 74 |  |  | 82 |  |  | 69 |
Total assets | $ | 1,034 |  |  | $ | 1,032 |  |  | $ | 938 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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