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Segment Information (Tables)
 12 Months Ended
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
202320222021
(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 veneer353.2 493.2 539.3 
Lumber 86.0 78.9 81.8 
Byproducts85.9 84.3 71.2 
Other25.0 24.4 19.3 
659.7 743.7 752.0 
Building Materials Distribution  
Commodity2,335.7 3,432.3 3,704.7 
General line2,443.2 2,542.7 2,164.8 
Engineered wood products1,399.6 1,668.6 1,304.6 
6,178.5 7,643.6 7,174.1 
$6,838.2 $8,387.3 $7,926.1 
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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 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
 202320222021
 (thousands)
Net sales by segment
Wood Products$1,932,602 $2,115,896 $1,970,804 
Building Materials Distribution6,178,690 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 Distribution335,808 627,091 481,085 
Total segment operating income672,940 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 Distribution32,353 27,005 24,007 
Corporate1,404 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 
Corporate354 1,720 681 
Total capital expenditures$215,438 $114,117 $106,518 
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(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
 20232022
 (thousands)
Assets
Wood Products$1,083,517 $1,120,188 
Building Materials Distribution1,440,123 1,075,628 
Corporate935,006 1,044,698 
Total assets$3,458,646 $3,240,514