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Selected Segment Data (Tables) | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Segment Reporting | Information regarding the Company’s business segments is presented below (dollar amounts in millions):
| Three Months Ended March 31, 2026
| Siding |  | OSB |  | Total
Revenues from external customers | $ | 360 |  |  | $ | 168 |  |  | $ | 528 |
Reconciliation of revenue |  |  |  |  |
Other revenues 1 |  |  |  |  | 46 |
Total consolidated revenues |  |  |  |  | $ | 574 |
Less: |  |  |  |  |
Cost of sales | (244) |  |  | (179) |  |  |
Selling, general, and administrative expenses | (39) |  |  | (17) |  |  |
Depreciation and amortization | 22 |  |  | 14 |  |  |
Other segment items 2 | 2 |  |  | 1 |  |  |
Reportable segment Adjusted EBITDA | $ | 101 |  |  | $ | (12) |  |  | $ | 89 |
| Three Months Ended March 31, 2025
| Siding |  | OSB |  | Total
Revenues from external customers | $ | 402 |  |  | $ | 267 |  |  | $ | 669 |
Reconciliation of revenue |  |  |  |  |
Other revenues 1 |  |  |  |  | 54 |
Total consolidated revenues |  |  |  |  | $ | 724 |
Less: |  |  |  |  |
Cost of sales | (276) |  |  | (211) |  |  |
Selling, general, and administrative expenses | (42) |  |  | (16) |  |  |
Depreciation and amortization | 20 |  |  | 13 |  |  |
Other segment items 2 | 1 |  |  | 1 |  |  |
Reportable segment Adjusted EBITDA | $ | 106 |  |  | $ | 54 |  |  | $ | 160 |
1 Other revenues include sales from the Company's South American operations and other minor products and services. 2 Other segment items include stock compensation expense.
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Reconciliation of profit (loss) |  |  |  |  |  |  |
Reportable segment Adjusted EBITDA | $ | 89 |  |  | $ | 160 |  |  |  |  |
Add (deduct): |  |  |  |  |  |  |
Other Adjusted EBITDA 1 | (7) |  |  | 2 |  |  |  |  |
Depreciation and amortization | (38) |  |  | (35) |  |  |  |  |
Stock-based compensation expense | (7) |  |  | (5) |  |  |  |  |
Other operating credits and charges, net 2 | (2) |  |  | (2) |  |  |  |  |
Product-line discontinuance charges 2 | (1) |  |  | — |  |  |  |  |
Interest expense | (4) |  |  | (3) |  |  |  |  |
Investment income | 2 |  |  | 4 |  |  |  |  |
Other non-operating (expense) income 2 | 3 |  |  | (5) |  |  |  |  |
Income before income taxes | $ | 36 |  |  | $ | 116 |  |  |  |  |
1 Other Adjusted EBITDA includes the Company's South American operations, unallocated corporate expenses, and other minor products and services. 2 See further discussion in “Note 7 - Other Operating and Non-Operating Items” of the Notes to the Condensed Consolidated Financial Statements. Information concerning identifiable assets by segment is as follows (dollar amounts in millions):
| March 31, 2026 |  | December 31, 2025
Identifiable Assets |  |  |
Siding | $ | 1,467 |  |  | $ | 1,419 |
OSB | 539 |  |  | 531 |
Other | 574 |  |  | 677 |
Total assets | $ | 2,581 |  |  | $ | 2,627 |

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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