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Selected Segment Data
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Selected Segment Data SELECTED SEGMENT DATAWe 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 income attributed to LP before interest expense, provision for income taxes, depreciation and amortization, and excludes stock-based compensation expense, loss on impairment attributed to LP, product-line discontinuance charges, 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:
Three Months Ended
 March 31,
20212020
Net sales
Siding$285 $212 
OSB539 220 
EWP123 99 
South America53 36 
Other18 18 
Intersegment sales— — 
Total sales$1,017 $585 
PROFIT BY SEGMENT
Net income$320 $33 
Add (deduct):
Net loss attributed to noncontrolling interest1 — 
Income attributed to LP320 33 
Provision for income taxes96 9 
Depreciation and amortization29 28 
Stock-based compensation expense1 2 
Loss on impairment attributed to LP— 7 
Other operating credits and charges, net— 2 
Loss on early debt extinguishment11 — 
Interest expense5 5 
Investment income— 2 
Other non-operating items(1)(5)
Adjusted EBITDA$461 $83 
Siding$90 $42 
OSB354 35 
EWP7 9 
South America21 7 
Other(5)(3)
Corporate(6)(7)
Adjusted EBITDA$461 $83