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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Information about our product segments is as follows (dollars in millions):
| Year Ended December 31, 2024
| Siding |  | OSB |  | LPSA |  | Segment Total |  | Other |  | Consolidated
Net sales | $ | 1,558 |  |  | $ | 1,184 |  |  | $ | 190 |  |  | $ | 2,932 |  |  | $ | 9 |  |  | $ | 2,941 |
Cost of sales | (1,092) |  |  | (872) |  |  | (134) |  |  | (2,098) |  |  | (12) |  |  | (2,110) |
Selling, general, and administrative expenses | (155) |  |  | (62) |  |  | (20) |  |  | (238) |  |  | (54) |  |  | (291) |
Adjustments to Adjusted EBITDA: |  |  |  |  |  |  |  |  |  |  |
Depreciation and Amortization | 74 |  |  | 45 |  |  | 6 |  |  | 126 |  |  | — |  |  | 126 |
Other charges 1 | 5 |  |  | 3 |  |  | — |  |  | 8 |  |  | 14 |  |  | 22 |
Adjusted EBITDA | $ | 390 |  |  | $ | 298 |  |  | $ | 42 |  |  | $ | 730 |  |  | $ | (42) |  |  | $ | 688 |
1 Other charges includes stock compensation, income (loss) non-controlling interest and income from equity in unconsolidated affiliates.
| Year Ended December 31, 2023
| Siding |  | OSB |  | LPSA |  | Segment Total |  | Other |  | Consolidated
Net sales | $ | 1,328 |  |  | $ | 1,026 |  |  | $ | 205 |  |  | $ | 2,559 |  |  | $ | 22 |  |  | $ | 2,581 |
Cost of sales | (1,005) |  |  | (789) |  |  | (151) |  |  | (1,945) |  |  | (42) |  |  | (1,988) |
Selling, general, and administrative expenses | (125) |  |  | (61) |  |  | (20) |  |  | (206) |  |  | (52) |  |  | (257) |
Adjustments to Adjusted EBITDA: |  |  |  |  |  |  |  |  |  |  |
Depreciation and Amortization | 67 |  |  | 43 |  |  | 7 |  |  | 118 |  |  | 1 |  |  | 119 |
Other charges 1 | 3 |  |  | 2 |  |  | — |  |  | 5 |  |  | 18 |  |  | 23 |
Adjusted EBITDA | $ | 269 |  |  | $ | 220 |  |  | $ | 42 |  |  | $ | 531 |  |  | $ | (53) |  |  | $ | 478 |
1 Other charges includes stock compensation, income (loss) non-controlling interest and income from equity in unconsolidated affiliates.
| Year Ended December 31, 2022
| Siding |  | OSB |  | LPSA |  | Segment Total |  | Other |  | Consolidated
Net sales | $ | 1,469 |  |  | $ | 2,062 |  |  | $ | 241 |  |  | $ | 3,772 |  |  | $ | 81 |  |  | $ | 3,854 |
Cost of sales | (1,061) |  |  | (1,035) |  |  | (153) |  |  | (2,249) |  |  | (106) |  |  | (2,355) |
Selling, general, and administrative expenses | (120) |  |  | (65) |  |  | (20) |  |  | (205) |  |  | (59) |  |  | (264) |
Adjustments to Adjusted EBITDA: |  |  |  |  |  |  |  |  |  |  |
Depreciation and Amortization | 46 |  |  | 71 |  |  | 8 |  |  | 125 |  |  | 4 |  |  | 129 |
Other charges 1 | 4 |  |  | 2 |  |  | 1 |  |  | 7 |  |  | 19 |  |  | 25 |
Adjusted EBITDA | $ | 339 |  |  | $ | 1,034 |  |  | $ | 77 |  |  | $ | 1,450 |  |  | $ | (61) |  |  | $ | 1,389 |
1 Other charges includes stock compensation, income (loss) non-controlling interest and income from equity in unconsolidated affiliates.
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
NET INCOME TO ADJUSTED EBITDA RECONCILIATION |  |  |  |  |
Net income | $ | 420 |  |  | $ | 178 |  |  | $ | 1,083 |
Add (deduct): |  |  |  |  |
Net loss attributed to non-controlling interest | — |  |  | — |  |  | 3 |
Income from discontinued operations, net of income taxes | — |  |  | — |  |  | (198) |
Income attributed to LP from continuing operations | 420 |  |  | 178 |  |  | 888 |
Provision for income taxes | 140 |  |  | 74 |  |  | 274 |
Depreciation and amortization | 126 |  |  | 119 |  |  | 129 |
Stock-based compensation expense | 20 |  |  | 13 |  |  | 19 |
Loss on impairment attributed to LP | 5 |  |  | 6 |  |  | 1 |
Other operating credits and charges, net | 8 |  |  | 18 |  |  | (16) |
Business exit credits and charges | (14) |  |  | 32 |  |  | — |
Pension settlement charges | — |  |  | 4 |  |  | 82 |
Interest expense | 14 |  |  | 14 |  |  | 11 |
Investment income | (22) |  |  | (18) |  |  | (14) |
Other non-operating items | (9) |  |  | 39 |  |  | 15 |
Adjusted EBITDA | $ | 688 |  |  | $ | 478 |  |  | $ | 1,389 |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Capital Expenditures |  |  |  |  |
Siding | $ | 108 |  |  | $ | 212 |  |  | $ | 316 |
OSB | 63 |  |  | 59 |  |  | 53 |
LPSA | 9 |  |  | 19 |  |  | 20 |
Other | 3 |  |  | 10 |  |  | 22 |
Total capital expenditures | $ | 183 |  |  | $ | 300 |  |  | $ | 412 |
Information concerning identifiable assets by segment is as follows (dollars in millions):
| December 31,
2024 |  | 2023
Identifiable Assets |  |  |
Siding | $ | 1,319 |  |  | $ | 1,291 |
OSB | 554 |  |  | 526 |
LPSA | 145 |  |  | 165 |
Other | 551 |  |  | 455 |
Total assets | $ | 2,569 |  |  | $ | 2,437 |
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,
| 2024 |  | 2023 |  | 2022
GEOGRAPHIC LOCATIONS |  |  |  |  |
Total Sales—Point of origin |  |  |  |  |
U.S. | $ | 2,611 |  |  | $ | 2,265 |  |  | $ | 3,329 |
Canada | 675 |  |  | 610 |  |  | 827 |
LPSA | 214 |  |  | 241 |  |  | 273 |
Inter-segment sales | (559) |  |  | (535) |  |  | (575) |
Total Sales | $ | 2,941 |  |  | $ | 2,581 |  |  | $ | 3,854 |
Operating profit (loss) |  |  |  |  |
U.S. | $ | 502 |  |  | $ | 304 |  |  | $ | 1,084 |
Canada | 48 |  |  | 40 |  |  | 129 |
LPSA | 36 |  |  | 35 |  |  | 70 |
Other operating credits and charges, net and loss on impairments of assets | (10) |  |  | (49) |  |  | 15 |
General corporate expense, loss on early debt extinguishment, other income (expense), interest, net and equity in unconsolidated affiliates | (16) |  |  | (78) |  |  | (139) |
Income before income taxes, including equity in unconsolidated affiliates | 560 |  |  | 252 |  |  | 1,159 |
Provision for income taxes | (140) |  |  | (74) |  |  | (274) |
Income from continuing operations | $ | 420 |  |  | $ | 178 |  |  | $ | 885 |
Loss attributed to noncontrolling interest | — |  |  | — |  |  | 3 |
Income attributed to LP from continuing operations | $ | 420 |  |  | $ | 178 |  |  | $ | 888 |
IDENTIFIABLE TANGIBLE LONG LIVED ASSETS |  |  |  |  |
U.S. | $ | 1,063 |  |  | $ | 996 |  |  | $ | 939 |
Canada | 468 |  |  | 472 |  |  | 356 |
South America | 93 |  |  | 104 |  |  | 87 |
Total identifiable tangible long lived assets | $ | 1,624 |  |  | $ | 1,572 |  |  | $ | 1,382 |

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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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