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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets Disclosure [Text Block] | GOODWILL AND OTHER INTANGIBLE ASSETS Changes in goodwill by segment for the years ended December 31, 2021 and 2020, are provided in the following table:
| Siding | OSB | Other | Total
Balance at December 31, 2019 | $ | 4 |  | $ | 16 |  | $ | 10 |  | $ | 30 |
Impairment charges | — |  | — |  | (5) |  | (5) |
Balance at December 31, 2020 | 4 |  | 16 |  | 5 |  | 25 |
Impairment charges | — |  | — |  | (5) |  | (5) |
Balance at December 31, 2021 | $ | 4 |  | $ | 16 |  | $ | — |  | $ | 19 |
Changes in other intangible assets for the years ended December 31, 2021 and 2020, are provided in the following table:
| Timber Licenses 1 | Developed Technology | Trademark | Total Other Intangibles
Balance at December 31, 2019 | $ | 38 |  | $ | 20 |  | $ | 3 |  | $ | 61 |
Amortization | (4) |  | (1) |  | — |  | (5) |
Balance at December 31, 2020 | 34 |  | 19 |  | 3 |  | 56 |
Amortization | (3) |  | (2) |  | — |  | (6) |
Balance at December 31, 2021 | $ | 31 |  | $ | 17 |  | $ | 2 |  | $ | 50 |
1 Timber licenses are included in Timber and timberlands on the Consolidated Balance Sheets. The Company’s goodwill is evaluated for impairment annually during the fourth quarter or more frequently if events indicate the carrying value of a reporting unit may not be recoverable. The Company’s annual goodwill impairment test performed considered the recent financial performance of the Company, including our off-site construction operation, Entekra. The 2021 impairment test for Entekra indicated carrying value exceeded the estimated fair value. The difference was recorded as a non-cash loss on impairment of $5 million for the year ended December 31, 2021, within loss on impairments in the Consolidated Statements of Income. During 2020, we performed an interim evaluation of impairment on the goodwill associated with Entekra and recorded a non-cash loss on impairment of $5 million for the year ended December 31, 2020, within loss on impairments in the Consolidated Statements of Income. The annual impairment test for all other reporting units in 2021, 2020, and 2019 indicated that the estimated fair value exceeded carrying value, and therefore no impairment was recorded. In performing the goodwill impairment test, we used an income approach to estimate the fair value of our reporting units. Determining fair value requires substantial judgment and the use of significant unobservable inputs, which are categorized as Level 3 fair value measurements. We applied a discounted cash flow model in which cash flows are projected using internal forecasts over future periods, plus a terminal value, and discounted to present value using a risk-adjusted rate of return. The cash flow forecasts included estimates of growth rates based on our current views of the long-term outlook of the reporting unit and may materially differ from actual results. The discount rate assumptions were based on an assessment of the risk inherent in the future cash flows of each reporting unit using industry, peer group, and company-specific information. Included in the balance of timber licenses are values allocated to Canadian forest licenses whose initial value of $91 million is amortized over the estimated useful life of twenty to twenty-five years. Amortization expense related to definite-lived intangible assets was $5 million for each of the years ended December 31, 2021, 2020, and 2019. Amortization of the above intangible assets will be $5 million per year over the next five years.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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