Exhibit 99.2

Interim Consolidated Balance Sheets

(Unaudited) (US $ millions)	Note		Jul 1, 2017		Dec 31, 2016
Assets
Current assets
Cash and cash equivalents			$	7	$	161
Accounts receivable		3		184		141
Taxes receivable				1		—
Investment tax credit receivable				5		—
Inventory		4		206		185
Prepaids				7		10
				410		497
Non-current assets
Property, plant and equipment		12,14		1,330		1,262
Intangible assets				24		22
Deferred income tax assets				5		4
Other assets		5		3		14
				1,362		1,302
			$	1,772	$	1,799
Liabilities and shareholders’ equity
Current liabilities
Accounts payable and accrued liabilities			$	216	$	218
Taxes payable				7		1
Current portion of long-term debt		6		—		200
				223		419
Non-current liabilities
Long-term debt		6		547		546
Other liabilities		7		33		27
Deferred income tax liabilities				185		157
				765		730
Shareholders’ equity		8		784		650
			$	1,772	$	1,799

(See accompanying notes, including note 12 for commitments and contingencies)    

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Interim Consolidated Statements of Earnings

(Unaudited) Periods ended Jul 1 and Jun 25 (US $ millions, except per share information)	Note	Q2 2017			Q2 2016			6 mos 2017			6 mos 2016
Sales	14	$	536		$	447		$	1,003		$	831
Cost of sales			(370	)		(353	)		(729	)		(675	)
General and administrative expenses			(2	)		(3	)		(8	)		(5	)
Depreciation and amortization	14		(27	)		(24	)		(51	)		(45	)
Loss on disposal of assets			(2	)		—			(7	)		—
Operating income			135			67			208			106
Non-operating expense:
Finance costs			(8	)		(13	)		(19	)		(26	)
Earnings before income tax			127			54			189			80
Income tax expense			(30	)		(10	)		(43	)		(13	)
Earnings		$	97		$	44		$	146		$	67
Earnings per common share	9
Basic		$	1.13		$	0.51		$	1.70		$	0.78
Diluted			1.12			0.51			1.69			0.78

(See accompanying notes)    

Interim Consolidated Statements of Comprehensive Income

(Unaudited) Periods ended Jul 1 and Jun 25 (US $ millions)	Q2 2017			Q2 2016			6 mos 2017			6 mos 2016
Earnings	$	97		$	44		$	146		$	67
Other comprehensive (loss) income, net of tax
Items that will not be reclassified to earnings:
Actuarial loss on post-employment obligation		(3	)		(8	)		(6	)		(12	)
Items that may be reclassified subsequently to earnings:
Foreign currency translation gain (loss) on foreign operations		12			(6	)		17			(11	)
Other comprehensive income (loss), net of tax		9			(14	)		11			(23	)
Comprehensive income	$	106		$	30		$	157		$	44

(See accompanying notes)    

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Interim Consolidated Statements of Changes in Shareholders’ Equity

(Unaudited) Periods ended Jul 1 and Jun 25 (US $ millions)	Note		Q2 2017			Q2 2016			6 mos 2017			6 mos 2016
Share capital
Balance, beginning of period			$	1,345		$	1,335		$	1,341		$	1,334
Issue of common shares upon exercise of options and Dividend Reinvestment Plan				—			2			4			3
Balance, end of period		8	$	1,345		$	1,337		$	1,345		$	1,337
Merger reserve		8	$	(96	)	$	(96	)	$	(96	)	$	(96	)
Contributed surplus
Balance, beginning of period			$	8		$	10		$	9		$	10
Stock options exercised				—			—			(1	)		—
Balance, end of period			$	8		$	10		$	8		$	10
Retained deficit
Balance, beginning of period			$	(359	)	$	(543	)	$	(402	)	$	(559	)
Earnings				97			44			146			67
Common share dividends				(20	)		(6	)		(26	)		(13	)
Balance, end of period(i)			$	(282	)	$	(505	)	$	(282	)	$	(505	)
Accumulated other comprehensive loss
Balance, beginning of period			$	(200	)	$	(179	)	$	(202	)	$	(170	)
Other comprehensive income (loss)				9			(14	)		11			(23	)
Balance, end of period		8	$	(191	)	$	(193	)	$	(191	)	$	(193	)
Shareholders’ equity			$	784		$	553		$	784		$	553
(See accompanying notes)
(i)         Retained deficit comprises:
Deficit arising on cashless exercise of warrants in 2013									$	(263	)	$	(263	)
All other retained deficit										(19	)		(242	)
									$	(282	)	$	(505	)

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Interim Consolidated Statements of Cash Flows

(Unaudited) Periods ended Jul 1 and Jun 25 (US $ millions)	Note		Q2 2017			Q2 2016			6 mos 2017			6 mos 2016
CASH PROVIDED BY (USED FOR):
Operating activities
Earnings			$	97		$	44		$	146		$	67
Items not affecting cash:
Depreciation and amortization				27			24			51			45
Deferred income tax				12			8			25			10
Loss on disposal of assets				2			—			7			—
Other items		10		(10	)		(3	)		(4	)		3
			128			73			225			125
Net change in non-cash operating working capital balances		10		2			10			(55	)		(40	)
Net change in taxes receivable and investment tax credit receivable				14			—			13			1
			144			83			183			86
Investing activities
Investment in property, plant and equipment		12		(62	)		(21	)		(118	)		(34	)
Investment in intangible assets				(1	)		(2	)		(3	)		(3	)
				(63	)		(23	)		(121	)		(37	)
Financing activities
Common share dividends paid				(19	)		(7	)		(25	)		(13	)
Accounts receivable securitization repayments, net		3		(61	)		(55	)		—			(30	)
Issue of common shares		8		—			2			3			2
Bank advances		10		(2	)		—			—			—
Repayment of debt		6		—			—			(200	)		—
				(82	)		(60	)		(222	)		(41	)
Foreign exchange revaluation on cash and cash equivalents held				8			(2	)		6			(5	)
Cash and cash equivalents
Increase (decrease) during period				7			(2	)		(154	)		3
Balance, beginning of period				—			14			161			9
Balance, end of period			$	7		$	12		$	7		$	12

(See accompanying notes, including note 10 for supplemental cash flow information)

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Notes to the Interim Consolidated Financial Statements

(in US $, unless otherwise noted)

In these notes, “Norbord” means Norbord Inc. and all of its consolidated subsidiaries and affiliates, and “Company” means Norbord Inc. as a separate corporation, unless the context implies otherwise. “Brookfield” means Brookfield Asset Management Inc., or any of its consolidated subsidiaries and affiliates, which are related parties by virtue of a controlling equity interest in the Company.

NOTE 1. NATURE AND DESCRIPTION OF THE COMPANY

Norbord is an international producer of wood-based panels with 17 plant locations in the United States, Europe and Canada. Norbord is a publicly traded company listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE). The ticker symbol on both exchanges is “OSB”. The Company is incorporated under the Canada Business Corporations Act and is headquartered in Toronto, Ontario, Canada.

Brookfield controls approximately 53% of the outstanding common shares of the Company.

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES

(a) Statement of Compliance

These condensed consolidated interim financial statements (interim financial statements) have been prepared in accordance with International Accounting Standard (IAS) 34, Interim Financial Reporting on a basis consistent with the accounting policies Norbord disclosed in its audited consolidated financial statements as at, and for the year ended, December 31, 2016 unless noted otherwise in note 2(c). These interim financial statements do not contain all of the disclosures that are required in annual financial statements prepared under International Financial Reporting Standards (IFRS) and should be read in conjunction with Norbord’s 2016 audited annual financial statements which include information necessary or useful to understanding Norbord’s business and financial statement presentation. Norbord’s interim results are not necessarily indicative of its results for a full year.

These interim financial statements were authorized for issuance by the Board of Directors of Norbord on July 27, 2017.

(b) Basis of Presentation

These interim financial statements include the accounts of the Company and all its wholly-owned subsidiaries.

(c) Changes in Accounting Standards

(i) Income Taxes

In January 2016, the International Accounting Standards Board (IASB) issued amendments to clarify the requirements for recognizing deferred tax assets on unrealized losses. The amendments clarify the accounting for deferred tax where an asset is measured at fair value and that fair value is below the asset’s tax base. They also clarify certain other aspects of accounting for deferred tax assets. The amendments became effective for the Company on January 1, 2017 and did not have a significant impact on its interim financial statements.

(ii) Cash Flow Statement Disclosure

In January 2016, the IASB issued an amendment to IAS 7, Statement of Cash Flows, introducing additional disclosure requirements for liabilities arising from financing activities. The amendments became effective for the Company on January 1, 2017 and the additional disclosure has been included in the supplemental cash flow information (note 10) accordingly.

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(d) Future Changes in Accounting Policies

As disclosed in Norbord’s 2016 audited annual financial statements, below are new accounting policies with an effective date for the year beginning on or after January 1, 2018:

(i) Financial Instruments

Norbord intends to adopt IFRS 9, Financial Instruments, in its financial statements for the annual period beginning on January 1, 2018. Norbord does not expect the standard to have a material impact on its financial statements.

(ii) Revenue from Contracts with Customers

Norbord intends to adopt IFRS 15, Revenues from Contracts with Customers and the clarifications in its financial statements for the annual period beginning on January 1, 2018. Norbord does not expect the standard to have a material impact on its financial statements.

(iii) Share-based Payment

Norbord intends to adopt the amendments to IFRS 2, Share-based Payment, in its financial statements for the annual period beginning on January 1, 2018. Norbord does not expect the amendments to have a material impact on its financial statements.

(iv) Foreign Currency Transactions and Advance Consideration

Norbord intends to adopt IFRIC 22, Foreign Currency Transactions and Advance Consideration in its financial statements for the annual period beginning on January 1, 2018. Norbord does not expect the interpretation to have a material impact on its financial statements.

In addition to the future changes in accounting policies disclosed in Norbord’s 2016 audited annual financial statements, below are new accounting policies issued to-date in 2017:

(i) Uncertainty over Income Tax Treatments

In June 2017, the IFRS Interpretations Committee of the IASB issued IFRIC 23, Uncertainty over Income Tax Treatments. The interpretation provides guidance on the accounting for current and deferred tax liabilities and assets in circumstances in which there is uncertainty over income tax treatments. The interpretation is effective for the year beginning on or after January 1, 2019. The Company is currently assessing the impact of IFRIC 23 on its financial statements.

(e) Changes in Accounting Policies – Foreign Currency Translation

During the quarter, the Company changed its policy on the classification of gains and losses on translation of foreign currency-denominated deferred tax assets and liabilities, taxes payable and receivable, and investment tax credit receivable. Gains and losses on these items are included in earnings and reported as income tax expense (previously reported as general and administrative expenses). The effect of this classification change on prior period comparatives is not material.

NOTE 3. ACCOUNTS RECEIVABLE

The Company has a $125 million multi-currency accounts receivable securitization program with a third-party trust sponsored by a highly rated Canadian financial institution. The program is revolving and has an evergreen commitment subject to termination on 12 months’ notice. Under the program, Norbord has transferred substantially all of its present and future trade accounts receivable to the trust, on a fully serviced basis, for proceeds consisting of cash and deferred purchase price. However, the asset de-recognition criteria under IFRS have not been met and the transferred accounts receivable remain recorded as an asset.

At period-end, Norbord had transferred but continued to recognize $168 million (December 31, 2016 – $125 million) in trade accounts receivable, and Norbord recorded no drawings as other long-term debt (December 31, 2016 – $nil) relating to this financing program. The level of accounts receivable transferred under the program fluctuates with the level of shipment volumes, product prices and foreign exchange rates. The amount Norbord chooses to draw under the

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program at any point in time depends on the level of accounts receivable transferred, timing of cash settlements and fluctuates with the Company’s cash requirements. Any drawings are presented as other long-term debt on the balance sheet and are excluded from the net debt to capitalization calculation for financial covenant purposes (note 6). The utilization charge, which is based on money market rates plus a margin, and other program fees are recorded as finance costs. Year-to-date, the utilization charge ranged from 1.5% to 2.6%.

The securitization program contains no financial covenants; however, the program is subject to minimum credit-rating requirements. The Company must maintain a long-term issuer credit rating of at least single B(mid) or the equivalent. As at July 27, 2017, Norbord’s ratings were BB (DBRS), BB- (Standard & Poor’s Ratings Services) and Ba1 (Moody’s Investors Service).

NOTE 4. INVENTORY

(US $ millions)	Jul 1, 2017		Dec 31, 2016
Raw materials	$	66	$	55
Finished goods		67		61
Operating and maintenance supplies		73		69
	$	206	$	185

At period-end, the provision to reflect inventories at the lower of cost and net realizable value was less than $1 million (December 31, 2016 – less than $1 million).

NOTE 5. OTHER ASSETS

(US $ millions)	Note	Jul 1, 2017		Dec 31, 2016
Investment tax credit receivable		$	—	$	13
Unrealized gain on foreign currency forward contracts	11		3		—
Other			—		1
		$	3	$	14

NOTE 6. LONG-TERM DEBT

(US $ millions)	Jul 1, 2017			Dec 31, 2016
Principal value
7.7% senior secured notes due February 2017	$	—		$	200
5.375% senior secured notes due December 2020		240			240
6.25% senior secured notes due April 2023		315			315
		555			755
Less: Debt issue costs		(8	)		(9	)
Less: Current portion		—			(200	)
	$	547		$	546

In February 2017, the Company repaid its $200 million 7.7% senior secured notes at maturity.

Revolving Bank Lines

The Company has an aggregate commitment of $245 million under committed revolving bank lines which bear interest at money market rates plus a margin that varies with the Company’s credit rating. The maturity date of the total aggregate commitment is May 2019. The bank lines are secured by a first lien on the Company’s North American OSB inventory and property, plant and equipment. This lien is shared pari passu with holders of the 2020 and 2023 senior secured notes.

At period-end, none of the revolving bank lines were drawn as cash (December 31, 2016 – $nil), $19 million (December 31, 2016 – $25 million) was utilized for letters of credit and $226 million (December 31, 2016 – $220 million) was available to support short-term liquidity requirements.

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The revolving bank lines contain two quarterly financial covenants: minimum tangible net worth of $500 million and maximum net debt to capitalization, book basis, of 65%. The Company was in compliance with the financial covenants at period-end.

NOTE 7. OTHER LIABILITIES

(US $ millions)	Jul 1, 2017		Dec 31, 2016
Defined benefit pension obligation	$	23	$	18
Accrued employee benefits		6		5
Reforestation obligation		2		2
Other		2		2
	$	33	$	27

NOTE 8. SHAREHOLDERS’ EQUITY

Share Capital

	6 mos 2017				6 mos 2016
	Shares (millions)		Amount (US $ millions)		Shares (millions)		Amount (US $ millions)
Common shares outstanding, beginning of period		85.8	$	1,341		85.4	$	1,334
Issuance of common shares upon exercise of options and Dividend Reinvestment Plan		0.3		4		0.2		3
Common shares outstanding, end of period		86.1	$	1,345		85.6	$	1,337

Merger Reserve

On March 31, 2015, the Company and Ainsworth Lumber Co. Ltd. (Ainsworth) completed an arrangement under which the Company acquired all of the outstanding common shares of Ainsworth in an all-share transaction. The merger reserve represents the difference between the fair value of the Norbord common shares on the date of issuance and the book value of Ainsworth’s net assets exchanged.

Stock Options

Year-to-date, 0.2 million stock options were granted (2016 – no stock options) under the Company’s stock option plan. Year-to-date, stock option expense of less than $1 million (2016 – less than $1 million) was recorded with a corresponding increase in contributed surplus. Year-to-date, 0.3 million common shares (2016 – 0.2 million common shares) were issued as a result of options exercised under the stock option plan for total proceeds of $3 million (2016 – $2 million).

Dividend Reinvestment Plan

Year-to-date, less than $1 million of dividends were reinvested in common shares (2016 – less than $1 million).

Accumulated Other Comprehensive Loss

(US $ millions)	Jul 1, 2017			Dec 31, 2016
Foreign currency translation loss on investment in foreign operations, net of tax of $(3) (Dec 31, 2016 – $(3))	$	(150	)	$	(167	)
Net loss on hedge of net investment in foreign operations, net of tax of $3 (Dec 31, 2016 – $3)		(8	)		(8	)
Actuarial loss on defined benefit pension obligation, net of tax of $10 (Dec 31, 2016 – $9)		(33	)		(27	)
Accumulated other comprehensive loss, net of tax	$	(191	)	$	(202	)

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NOTE 9. EARNINGS PER COMMON SHARE

(US $ millions, except share and per share information, unless otherwise noted)	Q2 2017		Q2 2016		6 mos 2017		6 mos 2016
Earnings available to common shareholders	$	97	$	44	$	146	$	67
Common shares (millions):
Weighted average number of common shares outstanding		86.1		85.6		86.0		85.5
Stock options(1)		0.6		0.5		0.6		0.5
Diluted number of common shares		86.7		86.1		86.6		86.0
Earnings per common share:
Basic	$	1.13	$	0.51	$	1.70	$	0.78
Diluted		1.12		0.51		1.69		0.78

⁽¹⁾ Applicable if dilutive and when the weighted average daily closing share price for the period was greater than the exercise price for stock options. At period-end, there were 0.1 million stock options (Jun 25, 2016 – 1.0 million) that were not taken into account in the calculation of diluted earnings per share because their effect was anti-dilutive.

NOTE 10. SUPPLEMENTAL CASH FLOW INFORMATION

Other items comprise:

(US $ millions)	Q2 2017			Q2 2016			6 mos 2017			6 mos 2016
Stock-based compensation	$	2		$	1		$	2		$	1
Pension funding greater than expense		(1	)		(1	)		(2	)		(1	)
Cash interest paid more than interest expense		(8	)		(6	)		(6	)		(1	)
Amortization of debt issue costs		—			—			1			1
Unrealized foreign exchange gain		(3	)		—			(1	)		—
Other		—			3			2			3
	$	(10	)	$	(3	)	$	(4	)	$	3

The net change in non-cash operating working capital balance comprises:

(US $ millions)	Q2 2017			Q2 2016			6 mos 2017			6 mos 2016
Cash (used for) provided by:
Accounts receivable	$	(17	)	$	(15	)	$	(37	)	$	(36	)
Prepaids		(1	)		—			3			1
Inventory		14			24			(20	)		(1	)
Accounts payable and accrued liabilities		6			1			(1	)		(4	)
	$	2		$	10		$	(55	)	$	(40	)

Cash income taxes paid are as follows:

(US $ millions)	Q2 2017		Q2 2016		6 mos 2017		6 mos 2016
Cash income taxes paid	$	1	$	1	$	2	$	1

The net change in financial liabilities:

(US $ millions)	Q2 2017			Q2 2016			6 mos 2017			6 mos 2016
Bank advances	$	(2	)	$	—		$	—		$	—
Long-term debt		—			—			(199	)		—
Other long-term debt		(61	)		(55	)		—			(30	)
Accrued interest on long-term debt		(9	)		(4	)		(7	)		1
Net decrease in financial liabilities	$	(72	)	$	(59	)	$	(206	)	$	(29	)

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Cash and non-cash movements in financial liabilities:

(US $ millions)	Q2 2017			Q2 2016			6 mos 2017			6 mos 2016
Cash movements:
Bank advances	$	(2	)	$	—		$	—		$	—
Repayment of debt		—			—			(200	)		—
Interest paid		(17	)		(17	)		(25	)		(25	)
Accounts receivable securitization drawings, net		(61	)		(55	)		—			(30	)
		(80	)		(72	)		(225	)		(55	)
Non-cash movements:
Amortization of debt issue costs		—			—			1			1
Interest expense		8			13			18			25
		8			13			19			26
Net decrease in financial liabilities	$	(72	)	$	(59	)	$	(206	)	$	(29	)

NOTE 11. FINANCIAL INSTRUMENTS

Non-Derivative Financial Instruments

The net book values and fair values of non-derivative financial instruments were as follows:

			Jul 1, 2017				Dec 31, 2016
(US $ millions)	Financial Instrument Category		Net Book Value		Fair Value		Net Book Value		Fair Value
Financial assets:
Cash and cash equivalents		Fair value through profit or loss	$	7	$	7	$	161	$	161
Accounts receivable		Loans and receivables		184		184		141		141
			$	191	$	191	$	302	$	302
Financial liabilities:
Accounts payable and accrued liabilities		Other financial liabilities	$	216	$	216	$	218	$	218
Long-term debt(1)		Other financial liabilities		555		589		755		777
Other liabilities		Other financial liabilities		33		33		27		27
			$	804	$	838	$	1,000	$	1,022

⁽¹⁾ Principal value of long-term debt excluding debt issue costs of $8 million (December 31, 2016 – $9 million) (note 6).

Derivative Financial Instruments

Canadian dollar monetary hedge

At period-end, the Company has foreign currency forward contracts representing a notional amount of C $119 million (December 31, 2016 – C $49 million) in place to sell US dollars and buy Canadian dollars with maturities in July 2017. The fair value of these contracts at period-end is an unrealized gain of $3 million (December 31, 2016 – an unrealized loss of less than $1 million); the carrying value of the derivative instrument is equivalent to the unrealized gain at period-end. During the quarter, realized gains on the Company’s matured hedges were less than $1 million (2016 – less than $1 million). Year-to-date, realized loss on the Company’s matured hedges were $2 million (2016 – $1 million).

Derivative instruments are measured at fair value as determined using valuation techniques under Level 2 of the fair value hierarchy. The fair values of over-the-counter derivative financial instruments are based on broker quotes or observable market rates. Those quotes are tested for reasonableness by discounting expected future cash flows using market interest and exchange rates for a similar instrument at the measurement date. Fair values reflect the credit risk of the instrument for the Company and counterparty when appropriate. Realized and unrealized gains and losses on derivative financial instruments are offset by realized and unrealized losses and gains on the underlying exposures being hedged.

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NOTE 12. COMMITMENTS AND CONTINGENCIES

The Company has provided certain guarantees, commitments and indemnifications, including those related to former businesses. The maximum amounts from many of these items cannot be reasonably estimated at this time. However, in certain circumstances, the Company has recourse against other parties to mitigate the risk of loss. In the normal course of its business activities, the Company is subject to claims and legal actions that may be made against its customers, suppliers and others. While the final outcome with respect to actions outstanding or pending as at period-end cannot be predicted with certainty, the Company believes the resolution will not have a material effect on the Company’s financial position, financial performance, or cash flows.

The Company has entered into various commitments as follows:

	Payments Due by Period
(US $ millions)	Less than 1 Year		1–5 Years		Thereafter		Total
Purchase commitments	$	84	$	68	$	7	$	159
Operating leases		4		8		2		14
Reforestation obligations		—		1		1		2
	$	88	$	77	$	10	$	175

Purchase commitments relate to the purchase of property, plant and equipment and long-term purchase contracts with minimum fixed payment amounts, of which $33 million relates to the Inverness expansion project. Year-to-date, $55 million of property, plant and equipment was invested in the Inverness expansion.

NOTE 13. RELATED PARTY TRANSACTIONS

In the normal course of operations, Norbord enters into various transactions with related parties which have been measured at exchange value between the parties and recognized in the consolidated financial statements. The following transactions have occurred between Norbord and its related parties during the normal course of business:

Norbord periodically engages the services of Brookfield for various financial, real estate and other business services. During the quarter, the fees for services rendered were less than $1 million (2016 – less than $1 million). Year-to-date, the fees for services rendered were less than $1 million (2016 – less than $1 million).

Sales to Asian markets are handled by Interex Forest Products Ltd. (Interex), a cooperative sales company over which Norbord, as a 25% shareholder, has significant influence. During the quarter, net sales of $17 million (2016 – $14 million) were made to Interex. Year-to-date, net sales of $30 million (2016 – $24 million). At period-end, $4 million (December 31, 2016 – $2 million) due from Interex was included in accounts receivable.

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NOTE 14. GEOGRAPHIC SEGMENTS

The Company operates principally in North America and Europe. Sales by geographic segment are determined based on the origin of shipment.

	Q2 2017
(US $ millions)	North America		Europe		Unallocated			Total
Sales	$	431	$	105	$	—		$	536
EBITDA(1)		155		9		(2	)		162
Depreciation and amortization		23		4		—			27
Investment in property, plant and equipment		32		25		—			57
	Q2 2016
(US $ millions)	North America		Europe		Unallocated			Total
Sales	$	338	$	109	$	—		$	447
EBITDA(1)		83		11		(3	)		91
Depreciation and amortization		20		4		—			24
Investment in property, plant and equipment		12		10		—			22

	6 mos 2017
(US $ millions)	North America		Europe		Unallocated			Total
Sales	$	798	$	205	$	—		$	1,003
EBITDA(1)		252		15		(8	)		259
Depreciation and amortization		44		7		—			51
Investment in property, plant and equipment		59		56		—			115
Property, plant and equipment		1,134		196		—			1,330
	6 mos 2016
(US $ millions)	North America		Europe		Unallocated			Total
Sales	$	619	$	212	$	—		$	831
EBITDA(1)		135		21		(5	)		151
Depreciation and amortization		38		7		—			45
Investment in property, plant and equipment		22		10		—			32
Property, plant and equipment(2)		1,126		136		—			1,262

⁽¹⁾ EBITDA is a non-IFRS financial measure, which the Company uses to assess segment performance and operating results. The Company defines EBITDA as earnings before finance costs, income tax, and depreciation and amortization. Non-IFRS financial measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.

⁽²⁾ Balance as at December 31, 2016.

NOTE 15. PRIOR PERIOD COMPARATIVES

Certain 2016 figures have been reclassified to conform with the current period’s presentation.

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