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Segment Information
 12 Months Ended
Dec. 31, 2020
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. Our LP CanExel® prefinished siding was reclassified from Siding to our Other segment during the year ended December 31, 2020, reflecting changes in organizational structure and, accordingly, the information that the chief operating decision maker uses to evaluate performances and allocate resources to the segments. All prior periods presented have been adjusted for comparability.

•The Siding segment consists of LP SmartSide trim and siding and 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 (I-Joist), 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.

•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.

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.

Information about our product segments is as follows:
  
Year ended December 31,
202020192018
NET SALES BY BUSINESS SEGMENT
Siding$959 $917 $905 
OSB1,220 777 1,305 
EWP389 396 409 
South America169 159 161 
Other52 66 48 
Intersegment Sales(1)(5)— 
Total sales$2,788 $2,310 $2,828 
PROFIT BY SEGMENT
Net income$497 $(10)$395 
Add (deduct):
Loss from noncontrolling interest2 5 — 
Loss from discontinued operations— — 4 
Income from continuing operations attributed to LP499 (5)399 
Provision for income taxes125 (13)122 
Depreciation and amortization111 122 120 
Stock-based compensation expense12 9 8 
Loss on impairment attributed to LP15 92 11 
Other operating credits and charges, net(4)1 (2)
Product-line discontinuance charges8 — — 
Interest expense19 19 16 
Investment income(4)(10)(18)
Other non-operating items— (6)4 
Adjusted EBITDA$781 $209 $660 
Siding$246 $169 $196 
OSB519 10 425 
EWP23 26 26 
South America42 34 40 
Other(19)(3)(2)
Corporate(30)(27)(25)
Adjusted EBITDA$781 $209 $660 
  
Year ended December 31,
 202020192018
Depreciation and Amortization
Siding$32 $36 $31 
OSB65 59 58 
EWP4 16 16 
South America7 9 9 
Other3 3 2 
Non-segment related— — 3 
Total depreciation and amortization$111 $123 $120 
Capital Expenditures
Siding$34 $86 $116 
OSB25 46 55 
EWP6 6 10 
South America7 7 28 
Other 4 14 2 
Non-segment related1 4 3 
Total capital expenditures$77 $163 $214 
Information concerning identifiable assets by segment is as follows: 
December 31,
20202019
Identifiable Assets
Siding$521 $516 
OSB511 558 
EWP152 146 
South America106 109 
Other 19 37 
Non-segment related778 469 
Total assets$2,086 $1,835 
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,
202020192018
GEOGRAPHIC LOCATIONS
Total Sales—Point of origin
U.S.$2,425 $1,968 $2,409 
Canada643 653 861 
South America185 178 174 
Intercompany sales(465)(489)(616)
Total Sales$2,788 $2,310 $2,828 
Operating profit (loss)
U.S.$608 $95 $475 
Canada50 (17)138 
South America35 25 31 
Other operating credits and charges, net and loss on impairments of assets(20)(93)(9)
General corporate expense, loss on early debt extinguishment, other income (expense) and interest, net(52)(33)(114)
621 (23)521 
Provision for income taxes(125)13 (122)
Income from continuing operations$497 $(10)$399 
Loss attributed to noncontrolling interest2 5 — 
Income from continuing operations attributed to LP$499 $(5)$399 
IDENTIFIABLE TANGIBLE LONG LIVED ASSETS
U.S.$533 $570 $542 
Canada367 390 408 
South America77 74 82 
Total assets$977 $1,034 $1,032