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Selected Segment Data (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Information about our business segments is as follows (dollar amounts in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
NET SALES BY BUSINESS SEGMENT |  |  |  |  |  |  |
Siding | $ | 420 |  |  | $ | 345 |  |  | $ | 1,196 |  |  | $ | 996 |
OSB | 253 |  |  | 335 |  |  | 917 |  |  | 754 |
LPSA | 47 |  |  | 45 |  |  | 140 |  |  | 153 |
Other | 2 |  |  | 4 |  |  | 7 |  |  | 21 |
Total sales | $ | 722 |  |  | $ | 728 |  |  | $ | 2,261 |  |  | 1,923 |
NET INCOME TO ADJUSTED EBITDA RECONCILIATION |  |  |  |  |  |  |
Net income | $ | 90 |  |  | $ | 118 |  |  | $ | 358 |  |  | $ | 119 |
Add (deduct): |  |  |  |  |  |  |
Net income attributed to non-controlling interest | — |  |  | — |  |  | — |  |  | — |
Income attributed to LP | 90 |  |  | 118 |  |  | 358 |  |  | 119 |
Provision for income taxes | 23 |  |  | 44 |  |  | 117 |  |  | 66 |
Depreciation and amortization | 31 |  |  | 30 |  |  | 93 |  |  | 87 |
Stock-based compensation expense | 4 |  |  | 2 |  |  | 15 |  |  | 9 |
Loss on impairment attributed to LP | — |  |  | 1 |  |  | — |  |  | 1 |
Other operating credits and charges, net | 1 |  |  | (7) |  |  | 2 |  |  | 16 |
Business exit credits and charges | — |  |  | 1 |  |  | (14) |  |  | 35 |
Interest expense | 4 |  |  | 4 |  |  | 12 |  |  | 9 |
Investment income | (6) |  |  | (4) |  |  | (17) |  |  | (10) |
Pension settlement charges | — |  |  | — |  |  | — |  |  | 6 |
Other non-operating items | 4 |  |  | — |  |  | (2) |  |  | 11 |
Adjusted EBITDA | $ | 153 |  |  | $ | 190 |  |  | $ | 564 |  |  | $ | 349 |
SEGMENT ADJUSTED EBITDA |  |  |  |  |  |  |
Siding | $ | 123 |  |  | $ | 71 |  |  | $ | 318 |  |  | $ | 198 |
OSB | 33 |  |  | 120 |  |  | 249 |  |  | 161 |
LPSA | 9 |  |  | 6 |  |  | 29 |  |  | 31 |
Other | (3) |  |  | — |  |  | (6) |  |  | (15) |
Corporate | (9) |  |  | (7) |  |  | (26) |  |  | (26) |
Adjusted EBITDA | $ | 153 |  |  | $ | 190 |  |  | $ | 564 |  |  | $ | 349 |

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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