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Earnings per Share (Tables) | 9 Months Ended
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Sep. 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 and share amounts in millions, except per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Income from continuing operations | $ | 129 |  |  | $ | 332 |  |  | $ | 898 |  |  | $ | 1,134 |
Net loss attributed to noncontrolling interest | — |  |  | — |  |  | 1 |  |  | 1 |
Income attributed to LP from continuing operations | 129 |  |  | 332 |  |  | 898 |  |  | 1,135 |
Income for discontinued operations, net of income taxes | 97 |  |  | 33 |  |  | 196 |  | 47
Net income attributed to LP | $ | 226 |  |  | $ | 365 |  |  | $ | 1,094 |  |  | $ | 1,183 |
Weighted average common shares outstanding - basic | 74 |  |  | 94 |  |  | 80 |  |  | 100 |
Dilutive effect of employee stock plans | — |  |  | — |  |  | 1 |  |  | 1 |
Shares used for diluted earnings per share | 74 |  |  | 94 |  |  | 80 |  |  | 101 |
Net income attributed to LP per share - basic: |  |  |  |  |  |  |
Continuing operations | $ | 1.75 |  |  | $ | 3.55 |  |  | $ | 11.23 |  |  | $ | 11.34 |
Discontinued operations | 1.32 |  |  | 0.35 |  |  | 2.45 |  |  | 0.47 |
Net income attributed to LP per share - basic | $ | 3.07 |  |  | $ | 3.90 |  |  | $ | 13.67 |  |  | $ | 11.81 |
Net income attributed to LP per share – diluted: |  |  |  |  |  |  |
Continuing operations | $ | 1.74 |  |  | $ | 3.52 |  |  | $ | 11.16 |  |  | $ | 11.26 |
Discontinued operations | 1.31 |  |  | 0.35 |  |  | 2.43 |  |  | 0.47 |
Net income attributed to LP per share - diluted | $ | 3.05 |  |  | $ | 3.87 |  |  | $ | 13.59 |  |  | $ | 11.73 |

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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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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