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v3.23.3

Selected Segment Data (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net sales |  |  |  |  |  |  |
Siding | $ | 345 |  |  | $ | 394 |  |  | $ | 996 |  |  | $ | 1,083 |
OSB | 335 |  |  | 388 |  |  | 754 |  |  | 1,805 |
South America | 45 |  |  | 53 |  |  | 153 |  |  | 190 |
Other | 4 |  |  | 17 |  |  | 21 |  |  | 72 |
Intersegment sales | — |  |  | (1) |  |  | — |  |  | (2) |
Total sales | $ | 728 |  |  | $ | 852 |  |  | $ | 1,923 |  |  | 3,149 |
NET INCOME TO ADJUSTED EBITDA |  |  |  |  |  |  |
Net income | $ | 118 |  |  | $ | 226 |  |  | $ | 119 |  |  | $ | 1,093 |
Add (deduct): |  |  |  |  |  |  |
Net loss attributed to non-controlling interest | — |  |  | — |  |  | — |  |  | 1 |
Income from discontinued operations, net of income taxes | — |  |  | (97) |  |  | — |  |  | (196) |
Income attributed to LP from continuing operations | 118 |  |  | 129 |  |  | 119 |  |  | 898 |
Provision for income taxes | 44 |  |  | 44 |  |  | 66 |  |  | 284 |
Depreciation and amortization | 30 |  |  | 32 |  |  | 87 |  |  | 96 |
Stock-based compensation expense | 2 |  |  | 2 |  |  | 9 |  |  | 15 |
Loss on impairment attributed to LP | 1 |  |  | — |  |  | 1 |  |  | — |
Other operating credits and charges, net | (7) |  |  | (7) |  |  | 16 |  |  | (17) |
Business exit charges | 1 |  |  | — |  |  | 35 |  |  | — |
Interest expense | 4 |  |  | 3 |  |  | 9 |  |  | 9 |
Investment income | (4) |  |  | (5) |  |  | (10) |  |  | (8) |
Other non-operating items | — |  |  | (1) |  |  | 11 |  |  | 7 |
Pension settlement charges | — |  |  | 4 |  |  | 6 |  |  | 4 |
Adjusted EBITDA | $ | 190 |  |  | $ | 200 |  |  | $ | 349 |  |  | $ | 1,289 |
SEGMENT ADJUSTED EBITDA |  |  |  |  |  |  |
Siding | $ | 71 |  |  | $ | 90 |  |  | $ | 198 |  |  | $ | 251 |
OSB | 120 |  |  | 113 |  |  | 161 |  |  | 1,021 |
South America | 6 |  |  | 14 |  |  | 31 |  |  | 65 |
Other | — |  |  | (7) |  |  | (15) |  |  | (19) |
Corporate | (7) |  |  | (11) |  |  | (26) |  |  | (29) |
Total Adjusted EBITDA | $ | 190 |  |  | $ | 200 |  |  | $ | 349 |  |  | $ | 1,289 |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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