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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
NET SALES BY BUSINESS SEGMENT |  |  |  |  |
Siding | $ | 1,469 |  |  | $ | 1,170 |  |  | $ | 959 |
OSB | 2,062 |  |  | 2,387 |  |  | 1,220 |
South America | 241 |  |  | 265 |  |  | 169 |
Other | 84 |  |  | 95 |  |  | 52 |
Intersegment Sales | (2) |  |  | (3) |  |  | (1) |
Total sales | $ | 3,854 |  |  | $ | 3,915 |  |  | $ | 2,399 |
NET INCOME TO ADJUSTED EBITDA RECONCILIATION |  |  |  |  |
Net income | $ | 1,083 |  |  | $ | 1,373 |  |  | $ | 497 |
Add (deduct): |  |  |  |  |
Net loss attributed to noncontrolling interest | 3 |  |  | 4 |  |  | 2 |
Income from discontinued operations, net of income taxes | (198) |  |  | (71) |  |  | (12) |
Income attributed to LP from continuing operations | 888 |  |  | 1,306 |  |  | 487 |
Provision for income taxes | 274 |  |  | 402 |  |  | 121 |
Depreciation and amortization | 129 |  |  | 114 |  |  | 106 |
Stock-based compensation expense | 19 |  |  | 16 |  |  | 11 |
Loss on impairment attributed to LP | 1 |  |  | 5 |  |  | 15 |
Other operating credits and charges, net | (16) |  |  | (1) |  |  | 7 |
Pension settlement charges | 82 |  |  | 2 |  |  | — |
Interest expense | 11 |  |  | 14 |  |  | 19 |
Investment income | (14) |  |  | (1) |  |  | (4) |
Loss on early debt extinguishment | — |  |  | 11 |  |  | — |
Other non-operating items, not included above | 15 |  |  | 9 |  |  | (4) |
Adjusted EBITDA | $ | 1,389 |  |  | $ | 1,877 |  |  | $ | 757 |
SEGMENT ADJUSTED EBITDA |  |  |  |  |
Siding | $ | 339 |  |  | $ | 289 |  |  | $ | 246 |
OSB | 1,034 |  |  | 1,531 |  |  | 519 |
South America | 77 |  |  | 113 |  |  | 42 |
Other | (23) |  |  | (20) |  |  | (19) |
Corporate | (38) |  |  | (36) |  |  | (30) |
Adjusted EBITDA | $ | 1,389 |  |  | $ | 1,877 |  |  | $ | 757 |
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Depreciation and Amortization |  |  |  |  |
Siding | $ | 46 |  |  | $ | 34 |  |  | $ | 32 |
OSB | 71 |  |  | 69 |  |  | 65 |
South America | 8 |  |  | 8 |  |  | 7 |
Other | 4 |  |  | 4 |  |  | 3 |
Non-segment related | — |  |  | — |  |  | — |
Total depreciation and amortization | $ | 129 |  |  | $ | 114 |  |  | $ | 107 |
Capital Expenditures |  |  |  |  |
Siding | $ | 316 |  |  | $ | 177 |  |  | $ | 34 |
OSB | 53 |  |  | 47 |  |  | 25 |
South America | 20 |  |  | 20 |  |  | 7 |
Other | 1 |  |  | 2 |  |  | 4 |
Non-segment related | 21 |  |  | 4 |  |  | 1 |
Total capital expenditures | $ | 412 |  |  | $ | 250 |  |  | $ | 71 |
Information concerning identifiable assets by segment is as follows (dollars in millions):
| December 31,
2022 |  | 2021
Identifiable Assets |  |  |
Siding | $ | 1,045 |  |  | $ | 705 |
OSB | 491 |  |  | 521 |
South America | 151 |  |  | 118 |
Other | 74 |  |  | 86 |
Discontinued operations | — |  |  | 156 |
Non-segment related | 589 |  |  | 608 |
Total assets | $ | 2,350 |  |  | $ | 2,194 |
Schedule of Segment Reporting Information, by Geographical Areas [Table Text Block] | Information concerning our geographic segments is as follows (dollars in millions):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
GEOGRAPHIC LOCATIONS |  |  |  |  |
Total Sales—Point of origin |  |  |  |  |
U.S. | $ | 3,329 |  |  | $ | 3,354 |  |  | $ | 2,118 |
Canada | 827 |  |  | 613 |  |  | 426 |
South America | 273 |  |  | 291 |  |  | 185 |
Intercompany sales | (575) |  |  | (344) |  |  | (330) |
Total Sales | $ | 3,854 |  |  | $ | 3,915 |  |  | $ | 2,399 |
Operating profit (loss) |  |  |  |  |
U.S. | $ | 1,084 |  |  | $ | 1,567 |  |  | $ | 583 |
Canada | 129 |  |  | 112 |  |  | 57 |
South America | 70 |  |  | 106 |  |  | 36 |
Other operating credits and charges, net and loss on impairments of assets | 15 |  |  | (5) |  |  | (23) |
General corporate expense, loss on early debt extinguishment, other income (expense), interest, net and equity in unconsolidated affiliates | (139) |  |  | (77) |  |  | (48) |
Income before income taxes, including equity in unconsolidated affiliates | 1,159 |  |  | 1,704 |  |  | 605 |
Provision for income taxes | (274) |  |  | (402) |  |  | (121) |
Income from continuing operations | $ | 885 |  |  | $ | 1,302 |  |  | $ | 484 |
Loss attributed to noncontrolling interest | 3 |  |  | 4 |  |  | 2 |
Income attributed to LP from continuing operations | $ | 888 |  |  | $ | 1,306 |  |  | $ | 487 |
IDENTIFIABLE TANGIBLE LONG LIVED ASSETS |  |  |  |  |
U.S. | $ | 939 |  |  | $ | 671 |  |  | $ | 517 |
Canada | 356 |  |  | 359 |  |  | 340 |
South America | 87 |  |  | 75 |  |  | 77 |
Total assets | $ | 1,382 |  |  | $ | 1,106 |  |  | $ | 935 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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