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Earnings per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | 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,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net income attributed to LP | $ | 90 |  |  | $ | 118 |  |  | $ | 358 |  |  | $ | 119 |
Weighted average common shares outstanding - basic | 70 |  |  | 72 |  |  | 71 |  |  | 72 |
Dilutive effect of employee stock plans | — |  |  | — |  |  | — |  |  | — |
Shares used for diluted earnings per share | 71 |  |  | 72 |  |  | 72 |  |  | 72 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 1.28 |  |  | $ | 1.63 |  |  | $ | 5.01 |  |  | $ | 1.65 |
Diluted | $ | 1.28 |  |  | $ | 1.63 |  |  | $ | 5.00 |  |  | $ | 1.65 |

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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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