Business Exit Charges

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Business Exit Charges

BUSINESS EXIT CREDITS AND CHARGES

During the second quarter of 2023, we ceased the manufacturing operations of Entekra, an off-site framing operation previously reported within our “Other” category, which comprises other products that are not individually significant. During 2024, the equity method investment held by Entekra sold substantially all of its net assets resulting in a $16 million distribution to LP and a gain of $11 million, which was recorded within equity in unconsolidated affiliate on the Consolidated Statements of Income. Business exit credits and charges, net consisted of the following (dollar amounts in millions):

	Year Ended December 31,
	2024		2023
Impairment of property, plant and equipment, operating lease assets, and other intangible assets1	$	—	$	(24)
Gain on sale of assets from an equity method investment2	$	11	$	—
Restructuring and other related charges:
Inventory write-down3	—		(7)
Other expenses including personnel-related costs such as severance4	3		(1)
Total Business exit credits and charges	$	14	$	(32)

1Included within impairment of long-lived assets on the Consolidated Statements of Income.

2Included within equity in unconsolidated affiliate on the Consolidated Statements of Income.

3Included within cost of sales on the Consolidated Statements of Income.

4Included within other operating credits and charges, net on the Consolidated Statements of Income.