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Segment Information
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate our business using two reportable segments: Wood Products and BMD. We measure and evaluate our reportable segments based on net sales and segment operating income (loss). Accordingly, our chief operating decision maker reviews the performance of the company and allocates resources based primarily on net sales and segment operating income (loss) for our business segments. Unallocated corporate costs are presented as reconciling items to arrive at operating income. There are no differences in our basis of measurement of segment profit or loss from those disclosed in Note 16, Segment Information, of the Notes to Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data" in our 2022 Form 10-K.    

    Wood Products and BMD segment sales to external customers, including related parties, by product line, are as follows:
Three Months Ended
September 30
Nine Months Ended
September 30
2023202220232022
(millions)
Wood Products (a)
LVL (b)$11.0 $12.3 $32.7 $4.5 
I-joists (b)5.7 5.7 19.7 (9.0)
Other engineered wood products (b)8.5 10.3 25.7 35.2 
Plywood and veneer90.6 115.4 275.7 388.8 
Lumber21.0 21.7 68.2 60.2 
Byproducts21.0 23.9 68.4 62.3 
Other6.4 8.4 17.6 17.1 
164.2 197.8 508.0 559.2 
Building Materials Distribution  
Commodity623.9 775.0 1,785.0 2,833.1 
General line658.6 691.0 1,839.6 2,006.8 
Engineered wood products387.8 490.7 1,061.4 1,359.9 
1,670.3 1,956.8 4,686.0 6,199.8 
$1,834.4 $2,154.6 $5,194.0 $6,759.0 
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(a)    Amounts represent sales to external customers. Sales are calculated after intersegment sales eliminations to our BMD segment.

(b)    Sales of EWP to external customers are net of the cost of all EWP rebates and sales allowances provided at various stages of the supply chain (including distributors, dealers, and homebuilders). For both the nine months ended September 30, 2023 and 2022, approximately 78% of Wood Products' EWP sales volumes were to our BMD segment.
An analysis of our operations by segment is as follows:
 Three Months Ended
September 30
Nine Months Ended
September 30
 2023202220232022
 (thousands)
Net sales by segment
Wood Products$515,225 $595,320 $1,482,926 $1,690,294 
Building Materials Distribution1,670,296 1,956,802 4,686,076 6,199,835 
Intersegment eliminations (a)(351,080)(397,475)(975,013)(1,131,128)
Total net sales$1,834,441 $2,154,647 $5,193,989 $6,759,001 
Segment operating income
Wood Products $99,574 $155,972 $273,004 $500,189 
Building Materials Distribution97,076 154,436 265,311 534,636 
Total segment operating income196,650 310,408 538,315 1,034,825 
Unallocated corporate costs(11,017)(11,038)(35,105)(32,752)
Income from operations$185,633 $299,370 $503,210 $1,002,073 
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(a)    Primarily represents intersegment sales from our Wood Products segment to our BMD segment.