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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Sales by product line | Wood Products and BMD segment sales to external customers, including related parties, by product line are as follows:
|  | Year Ended December 31
|  | 2023 |  | 2022 |  | 2021
|  | (millions)
Wood Products (a) |  |  |  |  |  |
LVL (b) |  | $ | 46.7 |  |  | $ | 21.2 |  |  | $ | 4.3 |
I-joists (b) |  | 29.6 |  |  | (2.3) |  |  | (6.8) |
Other engineered wood products (b) |  | 33.4 |  |  | 43.9 |  |  | 43.0 |
Plywood and veneer |  | 353.2 |  |  | 493.2 |  |  | 539.3 |
Lumber |  | 86.0 |  |  | 78.9 |  |  | 81.8 |
Byproducts |  | 85.9 |  |  | 84.3 |  |  | 71.2 |
Other |  | 25.0 |  |  | 24.4 |  |  | 19.3 |
|  | 659.7 |  |  | 743.7 |  |  | 752.0 |
Building Materials Distribution |  |  |  |  |  |
Commodity |  | 2,335.7 |  |  | 3,432.3 |  |  | 3,704.7 |
General line |  | 2,443.2 |  |  | 2,542.7 |  |  | 2,164.8 |
Engineered wood products |  | 1,399.6 |  |  | 1,668.6 |  |  | 1,304.6 |
|  | 6,178.5 |  |  | 7,643.6 |  |  | 7,174.1 |
|  | $ | 6,838.2 |  |  | $ | 8,387.3 |  |  | $ | 7,926.1 |
___________________________________ (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 the years ended December 31, 2023, 2022, and 2021, approximately 78%, 77%, and 78%, respectively, of Wood Products' EWP sales volumes were to our BMD segment.
Segment information | An analysis of our operations by segment is as follows:
| Year Ended December 31
| 2023 |  | 2022 |  | 2021
| (thousands)
Net sales by segment |  |  |  |  |
Wood Products | $ | 1,932,602 |  |  | $ | 2,115,896 |  |  | $ | 1,970,804 |
Building Materials Distribution | 6,178,690 |  |  | 7,643,615 |  |  | 7,174,278 |
Intersegment eliminations (a) | (1,273,047) |  |  | (1,372,204) |  |  | (1,218,971) |
Total net sales | $ | 6,838,245 |  |  | $ | 8,387,307 |  |  | $ | 7,926,111 |
Segment operating income |  |  |  |  |
Wood Products | $ | 337,132 |  |  | $ | 575,167 |  |  | $ | 531,235 |
Building Materials Distribution | 335,808 |  |  | 627,091 |  |  | 481,085 |
Total segment operating income | 672,940 |  |  | 1,202,258 |  |  | 1,012,320 |
Unallocated corporate costs | (48,554) |  |  | (44,409) |  |  | (40,517) |
Income from operations | $ | 624,386 |  |  | $ | 1,157,849 |  |  | $ | 971,803 |
Depreciation and amortization |  |  |  |  |
Wood Products | $ | 98,710 |  |  | $ | 73,308 |  |  | $ | 55,249 |
Building Materials Distribution | 32,353 |  |  | 27,005 |  |  | 24,007 |
Corporate | 1,404 |  |  | 1,280 |  |  | 1,497 |
Total depreciation and amortization | $ | 132,467 |  |  | $ | 101,593 |  |  | $ | 80,753 |
Capital expenditures |  |  |  |  |
Wood Products (b) | $ | 59,360 |  |  | $ | 51,934 |  |  | $ | 48,280 |
Building Materials Distribution (b)(c) | 155,724 |  |  | 60,463 |  |  | 57,557 |
Corporate | 354 |  |  | 1,720 |  |  | 681 |
Total capital expenditures | $ | 215,438 |  |  | $ | 114,117 |  |  | $ | 106,518 |
__________________ (a)Primarily represents intersegment sales from our Wood Products segment to our BMD segment. During 2023, 2022, and 2021, approximately 66%, 65%, and 62%, respectively, of Wood Products' overall sales were to our BMD segment. (b)Capital spending in 2023 for BMD excludes $162.8 million of consideration paid, net of cash acquired, for the acquisition of BROSCO. Capital spending in 2022 for Wood Products excludes $515.2 million for the acquisition of two plywood facilities. For more information, see Note 6, Acquisitions. (c)Capital spending in 2023 for BMD includes approximately $74 million to purchase a facility in Kansas City, Missouri, to house a new door and millwork location, as well as the purchase of facilities in West Palm Beach, Florida, and Modesto, California to expand or relocate existing distribution centers. Capital spending in 2022 for BMD includes approximately $13 million to purchase a previously leased BMD property in Milton, Florida. Capital spending in 2021 for BMD includes approximately $15 million to purchase a BMD property in Walton, Kentucky, to expand our service capabilities in Cincinnati and the surrounding markets.
| December 31
| 2023 |  | 2022
| (thousands)
Assets |  |  |
Wood Products | $ | 1,083,517 |  |  | $ | 1,120,188 |
Building Materials Distribution | 1,440,123 |  |  | 1,075,628 |
Corporate | 935,006 |  |  | 1,044,698 |
Total assets | $ | 3,458,646 |  |  | $ | 3,240,514 |

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
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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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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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