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Earnings per Share (Tables) | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The following table sets forth the computation of basic and diluted earnings per share (dollar amounts in millions, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Income from continuing operations | $ | 348 |  |  | $ | 486 |  |  | $ | 769 |  |  | $ | 802 |
Net loss attributed to noncontrolling interest | — |  |  | — |  |  | 1 |  |  | 1 |
Income from continuing operations attributed to LP | 348 |  |  | 486 |  |  | 770 |  |  | 803 |
Income for discontinued operations, net of income taxes | 37 |  |  | 11 |  |  | 99 |  | 14
Net income attributed to LP | $ | 384 |  |  | $ | 498 |  |  | $ | 868 |  |  | $ | 818 |
Weighted average common shares outstanding - basic | 81 |  |  | 101 |  |  | 83 |  |  | 103 |
Dilutive effect of employee stock plans | — |  |  | 1 |  |  | 1 |  |  | 1 |
Shares used for diluted earnings per share | 81 |  |  | 102 |  |  | 84 |  |  | 104 |
Net income attributed to LP per share - basic: |  |  |  |  |  |  |
Continuing operations | $ | 4.30 |  |  | $ | 4.82 |  |  | $ | 9.25 |  |  | $ | 7.76 |
Discontinued operations | 0.46 |  |  | 0.11 |  |  | 1.18 |  |  | 0.14 |
Net income attributed to LP per share - basic | $ | 4.76 |  |  | $ | 4.93 |  |  | $ | 10.43 |  |  | $ | 7.90 |
Net income attributed to LP per share – diluted: |  |  |  |  |  |  |
Continuing operations | $ | 4.28 |  |  | $ | 4.79 |  |  | $ | 9.19 |  |  | $ | 7.71 |
Discontinued operations | 0.45 |  |  | 0.11 |  |  | 1.18 |  |  | 0.14 |
Net income attributed to LP per share - diluted | $ | 4.73 |  |  | $ | 4.90 |  |  | $ | 10.36 |  |  | $ | 7.85 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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