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Segment Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting Information [Line Items] |
Segment Reporting Disclosure [Text Block] | . 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. •The Siding segment serves diverse end markets with a broad product offering of engineered wood siding, trim, and fascia, including LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions® (collectively referred to as Siding Solutions). •The OSB segment manufactures and distributes OSB structural panel products, including our value-added OSB portfolio known as LP Structural Solutions (which includes LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, and LP® FlameBlock® Fire-Rated Sheathing) and LP® TopNotch® Sub-Flooring. •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 an ancillary product of the LVL production process. During 2021, we ceased Laminated Strand Lumber (LSL) production at our Houlton, Maine facility to begin the conversion of that facility to Siding Solutions production. •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, Argentina, and Paraguay. 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 exclude 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, pension settlement charges, and other non-operating items. Information about our product segments is as follows:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
NET SALES BY BUSINESS SEGMENT |  |  |  |  |
Siding | $ | 1,170 |  |  | $ | 959 |  |  | $ | 917 |
OSB | 2,387 |  |  | 1,220 |  |  | 777 |
EWP | 638 |  |  | 389 |  |  | 396 |
South America | 265 |  |  | 169 |  |  | 159 |
Other | 95 |  |  | 52 |  |  | 66 |
Intersegment Sales | (3) |  |  | (1) |  |  | (5) |
Total sales | $ | 4,553 |  |  | $ | 2,788 |  |  | $ | 2,310 |
PROFIT BY SEGMENT |  |  |  |  |
Net income | $ | 1,373 |  |  | $ | 497 |  |  | $ | (10) |
Add (deduct): |  |  |  |  |
Loss from noncontrolling interest | 4 |  |  | 2 |  |  | 5 |
Income from operations attributed to LP | 1,377 |  |  | 499 |  |  | (5) |
Provision for income taxes | 426 |  |  | 125 |  |  | (13) |
Depreciation and amortization | 119 |  |  | 111 |  |  | 122 |
Stock-based compensation expense | 17 |  |  | 12 |  |  | 9 |
Loss on impairment attributed to LP | 5 |  |  | 15 |  |  | 92 |
Other operating credits and charges, net | (1) |  |  | (4) |  |  | 1 |
Product-line discontinuance charges | — |  |  | 8 |  |  | — |
Pension settlement charges | 2 |  |  | — |  |  | — |
Interest expense | 14 |  |  | 19 |  |  | 19 |
Investment income | (1) |  |  | (4) |  |  | (10) |
Loss on early debt extinguishment | 11 |  |  | — |  |  | — |
Other non-operating items | 4 |  |  | — |  |  | (6) |
Adjusted EBITDA | $ | 1,972 |  |  | $ | 781 |  |  | $ | 209 |
Siding | $ | 289 |  |  | $ | 246 |  |  | $ | 169 |
OSB | 1,531 |  |  | 519 |  |  | 10 |
EWP | 95 |  |  | 23 |  |  | 26 |
South America | 113 |  |  | 42 |  |  | 34 |
Other | (20) |  |  | (19) |  |  | (3) |
Corporate | (36) |  |  | (30) |  |  | (27) |
Adjusted EBITDA | $ | 1,972 |  |  | $ | 781 |  |  | $ | 209 |
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Depreciation and Amortization |  |  |  |  |
Siding | $ | 34 |  |  | $ | 32 |  |  | $ | 36 |
OSB | 69 |  |  | 65 |  |  | 59 |
EWP | 5 |  |  | 4 |  |  | 16 |
South America | 8 |  |  | 7 |  |  | 9 |
Other | 4 |  |  | 3 |  |  | 3 |
Non-segment related | — |  |  | — |  |  | — |
Total depreciation and amortization | $ | 119 |  |  | $ | 111 |  |  | $ | 123 |
Capital Expenditures |  |  |  |  |
Siding | $ | 177 |  |  | $ | 34 |  |  | $ | 86 |
OSB | 47 |  |  | 25 |  |  | 46 |
EWP | 5 |  |  | 6 |  |  | 6 |
South America | 20 |  |  | 7 |  |  | 7 |
Other | 2 |  |  | 4 |  |  | 14 |
Non-segment related | 4 |  |  | 1 |  |  | 4 |
Total capital expenditures | $ | 254 |  |  | $ | 77 |  |  | $ | 163 |
Information concerning identifiable assets by segment is as follows:
| December 31,
2021 |  | 2020
Identifiable Assets |  |  |
Siding | $ | 705 |  |  | $ | 521 |
OSB | 521 |  |  | 511 |
EWP | 121 |  |  | 81 |
South America | 118 |  |  | 106 |
Other | 86 |  |  | 90 |
Non-segment related | 643 |  |  | 778 |
Total assets | $ | 2,194 |  |  | $ | 2,086 |
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,
| 2021 |  | 2020 |  | 2019
GEOGRAPHIC LOCATIONS |  |  |  |  |
Total Sales—Point of origin |  |  |  |  |
U.S. | $ | 3,848 |  |  | $ | 2,425 |  |  | $ | 1,968 |
Canada | 915 |  |  | 643 |  |  | 653 |
South America | 291 |  |  | 185 |  |  | 178 |
Intercompany sales | (501) |  |  | (465) |  |  | (489) |
Total Sales | $ | 4,553 |  |  | $ | 2,788 |  |  | $ | 2,310 |
Operating profit (loss) |  |  |  |  |
U.S. | $ | 1,709 |  |  | $ | 608 |  |  | $ | 95 |
Canada | 61 |  |  | 50 |  |  | (17) |
South America | 106 |  |  | 35 |  |  | 25 |
Other operating credits and charges, net and loss on impairments of assets | (5) |  |  | (20) |  |  | (93) |
General corporate expense, loss on early debt extinguishment, other income (expense) and interest, net | (72) |  |  | (52) |  |  | (33) |
| 1,799 |  |  | 621 |  |  | (23) |
Provision for income taxes | (426) |  |  | (125) |  |  | 13 |
Income from continuing operations | $ | 1,373 |  |  | $ | 497 |  |  | $ | (10) |
Loss attributed to noncontrolling interest | 4 |  |  | 2 |  |  | 5 |
Income from continuing operations attributed to LP | $ | 1,377 |  |  | $ | 499 |  |  | $ | (5) |
IDENTIFIABLE TANGIBLE LONG LIVED ASSETS |  |  |  |  |
U.S. | $ | 419 |  |  | $ | 533 |  |  | $ | 570 |
Canada | 683 |  |  | 367 |  |  | 390 |
South America | 75 |  |  | 77 |  |  | 74 |
Total assets | $ | 1,177 |  |  | $ | 977 |  |  | $ | 1,034 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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