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Earnings per Share (Tables) | 9 Months Ended
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Sep. 30, 2023
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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Income from continuing operations | $ | 118 |  |  | $ | 129 |  |  | $ | 119 |  |  | $ | 898 |
Net loss attributed to non-controlling interest | — |  |  | — |  |  | — |  |  | 1 |
Income attributed to LP from continuing operations | 118 |  |  | 129 |  |  | 119 |  |  | 898 |
Income from discontinued operations, net of income taxes | — |  |  | 97 |  |  | — |  |  | 196
Net income attributed to LP | $ | 118 |  |  | $ | 226 |  |  | $ | 119 |  |  | $ | 1,094 |
Weighted average common shares outstanding - basic | 72 |  |  | 74 |  |  | 72 |  |  | 80 |
Dilutive effect of employee stock plans | — |  |  | — |  |  | — |  |  | 1 |
Shares used for diluted earnings per share | 72 |  |  | 74 |  |  | 72 |  |  | 80 |
Net income attributed to LP per share - basic: |  |  |  |  |  |  |
Continuing operations | $ | 1.63 |  |  | $ | 1.75 |  |  | $ | 1.65 |  |  | $ | 11.23 |
Discontinued operations | — |  |  | 1.32 |  |  | — |  |  | 2.45 |
Net income attributed to LP per share - basic | $ | 1.63 |  |  | $ | 3.07 |  |  | $ | 1.65 |  |  | $ | 13.67 |
Net income attributed to LP per share - diluted: |  |  |  |  |  |  |
Continuing operations | $ | 1.63 |  |  | $ | 1.74 |  |  | $ | 1.65 |  |  | $ | 11.16 |
Discontinued operations | — |  |  | 1.31 |  |  | — |  |  | 2.43 |
Net income attributed to LP per share - diluted | $ | 1.63 |  |  | $ | 3.05 |  |  | $ | 1.65 |  |  | $ | 13.59 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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