XML 77 R29.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Receivables consisted of the following:
| December 31,
Dollar amounts in millions | 2019 |  | 2018
Trade receivables | $ | 111 |  |  | $ | 88 |
Income tax receivable | 35 |  |  | 16 |
Other receivables | 19 |  |  | 25 |
Allowance for doubtful accounts | (1 | ) |  | (1 | )
| $ | 164 |  |  | $ | 128 |
Schedule of Inventory, Current [Table Text Block] | Inventory Inventories are valued at the lower of cost or net realizable value. Inventory costs include materials, labor, and operating overhead. The LIFO (last-in, first-out) method is used for a minor portion of our log inventories with the remaining inventories valued at FIFO (first-in, first-out) or average cost. Included in the inventory balance is a lower cost of market adjustment of $13 million as of December 31, 2019, and $11 million as of December 31, 2018. Inventory consisted of the following:
| December 31,
Dollar amounts in millions | 2019 |  | 2018
Logs | $ | 47 |  |  | $ | 57 |
Other raw materials | 32 |  |  | 25 |
Semi-finished inventory | 26 |  |  | 23 |
Finished products | 160 |  |  | 168 |
Total | $ | 265 |  |  | $ | 273 |
Depreciation expense [Table Text Block] | Depreciation expense is included in our Consolidated Statements of Income as noted below:
Dollar amounts in millions | Years ended December 31,
2019 |  | 2018 |  | 2017
Cost of sales | $ | 120 |  |  | $ | 117 |  |  | $ | 120 |
Selling, general and administrative expenses | 3 |  |  | 3 |  |  | 3 |
Total depreciation and amortization | $ | 123 |  |  | $ | 120 |  |  | $ | 123 |
Property, Plant and Equipment [Table Text Block] | Property, plant, and equipment, including capitalized interest, are recorded at cost and consisted of the following:
Dollar amounts in millions | December 31,
2019 |  | 2018
Property, plant, and equipment, at cost: |  |  |
Land, land improvements, and logging roads, net of road amortization | $ | 168 |  |  | $ | 169 |
Buildings | 350 |  |  | 330 |
Machinery and equipment | 1,965 |  |  | 1,949 |
Construction in progress | 46 |  |  | 148 |
| 2,529 |  |  | 2,596 |
Accumulated depreciation | (1,564 | ) |  | (1,586 | )
Property, plant, and equipment, net | $ | 965 |  |  | $ | 1,010 |

X
- Definition Depreciation expense [Table Text Block] + References No definition available. + Details
Name: | lpx_DepreciationexpenseTableTextBlock
Namespace Prefix: | lpx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration