Segment and geographical information

12 Months Ended

Dec. 31, 2024

The segmentation of manufacturing operations into lumber, NA EWP, pulp and paper and Europe EWP is based on a number of factors, including similarities in products, production processes and economic characteristics. The EWP segments have been separated due to differences in the operating region, customer base, profit margins and sales volumes. Transactions between segments are at market prices and on standard business terms. The segments follow the accounting policies described in these consolidated financial statement notes, where applicable.


	Lumber		NA EWP		Pulp & Paper		Europe EWP		Corporate & Other		Total
Year ended December 31, 2024
Sales
To external customers	$	2,550	$	2,794	$	378	$	453	$	—	$	6,175
To other segments	42		9		11		—		(62)		—
	$	2,592	2,803		389		453		(63)		6,174
Cost of products sold	(2,080)		(1,634)		(309)		(375)		64		(4,333)
Freight and other distribution costs	(382)		(326)		(65)		(42)		—		(815)
Export duties, net	(72)		—		—		—		—		(72)
Amortization	(192)		(284)		(14)		(48)		(11)		(549)
Selling, general and administration	(142)		(99)		(11)		(29)		(1)		(282)
Equity-based compensation	—		—		—		—		(14)		(14)
Restructuring and impairment charges	(28)		(1)		(3)		(70)		(1)		(102)
Operating earnings (loss)	$	(303)	$	459	$	(13)	$	(110)	$	(26)	$	7

Total assets	3,641		3,943		187		561		429		$	8,760
Total liabilities	635		572		89		136		375		$	1,807
Capital expenditures	312		140		15		19		1		$	487


	Lumber		NA EWP		Pulp & Paper		Europe EWP		Corporate & Other		Total
Year ended December 31, 2023
Sales
To external customers	$	2,722	$	2,602	$	612	$	517	$	—	$	6,454
To other segments	72		6		11		—		(89)		—
	$	2,794	$	2,608	$	623	$	517	$	(89)	$	6,454
Cost of products sold	(2,215)		(1,594)		(555)		(409)		89		(4,685)
Freight and other distribution costs	(405)		(329)		(120)		(40)		—		(894)
Export duties, net	(8)		—		—		—		—		(8)
Amortization	(185)		(273)		(24)		(49)		(10)		(541)
Selling, general and administration	(164)		(96)		(25)		(21)		—		(307)
Equity-based compensation	—		—		—		—		(25)		(25)
Restructuring and impairment charges	(137)		—		(142)		—		—		(279)
Operating earnings (loss)	$	(319)	$	316	$	(242)	$	(3)	$	(35)	$	(284)

Total assets	3,606		4,338		333		691		446		$	9,415
Total liabilities	507		551		125		149		861		$	2,193
Capital expenditures	253		156		32		30		7		$	477

The geographic distribution of non-current assets and external sales based on the location of product delivery is as follows:


	Non-current assets				Sales by geographic area
	2024		2023		2024		2023
United States	$	2,748	$	2,689	$	4,150	$	4,251
Canada	3,817		3,883		1,210		1,118
U.K and Europe	358		466		458		524
Asia	—		—		351		557
Other	—		—		5		4
	$	6,924	$	7,038	$	6,174	$	6,454