Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Information about our product segments is as follows (dollars in millions):

	Year Ended December 31, 2024
	Siding		OSB		LPSA		Segment Total		Other		Consolidated
Net sales	$	1,558	$	1,184	$	190	$	2,932	$	9	$	2,941
Cost of sales	(1,092)		(872)		(134)		(2,098)		(12)		(2,110)
Selling, general, and administrative expenses	(155)		(62)		(20)		(238)		(54)		(291)
Adjustments to Adjusted EBITDA:
Depreciation and Amortization	74		45		6		126		—		126
Other charges1	5		3		—		8		14		22
Adjusted EBITDA	$	390	$	298	$	42	$	730	$	(42)	$	688

1Other charges includes stock compensation, income (loss) non-controlling interest and income from equity in unconsolidated affiliates.

	Year Ended December 31, 2023
	Siding		OSB		LPSA		Segment Total		Other		Consolidated
Net sales	$	1,328	$	1,026	$	205	$	2,559	$	22	$	2,581
Cost of sales	(1,005)		(789)		(151)		(1,945)		(42)		(1,988)
Selling, general, and administrative expenses	(125)		(61)		(20)		(206)		(52)		(257)
Adjustments to Adjusted EBITDA:
Depreciation and Amortization	67		43		7		118		1		119
Other charges1	3		2		—		5		18		23
Adjusted EBITDA	$	269	$	220	$	42	$	531	$	(53)	$	478

1Other charges includes stock compensation, income (loss) non-controlling interest and income from equity in unconsolidated affiliates.

	Year Ended December 31, 2022
	Siding		OSB		LPSA		Segment Total		Other		Consolidated
Net sales	$	1,469	$	2,062	$	241	$	3,772	$	81	$	3,854
Cost of sales	(1,061)		(1,035)		(153)		(2,249)		(106)		(2,355)
Selling, general, and administrative expenses	(120)		(65)		(20)		(205)		(59)		(264)
Adjustments to Adjusted EBITDA:
Depreciation and Amortization	46		71		8		125		4		129
Other charges1	4		2		1		7		19		25
Adjusted EBITDA	$	339	$	1,034	$	77	$	1,450	$	(61)	$	1,389

1Other charges includes stock compensation, income (loss) non-controlling interest and income from equity in unconsolidated affiliates.

	Year Ended December 31,
	2024		2023		2022
NET INCOME TO ADJUSTED EBITDA RECONCILIATION
Net income	$	420	$	178	$	1,083
Add (deduct):
Net loss attributed to non-controlling interest	—		—		3
Income from discontinued operations, net of income taxes	—		—		(198)
Income attributed to LP from continuing operations	420		178		888
Provision for income taxes	140		74		274
Depreciation and amortization	126		119		129
Stock-based compensation expense	20		13		19
Loss on impairment attributed to LP	5		6		1
Other operating credits and charges, net	8		18		(16)
Business exit credits and charges	(14)		32		—
Pension settlement charges	—		4		82
Interest expense	14		14		11
Investment income	(22)		(18)		(14)
Other non-operating items	(9)		39		15
Adjusted EBITDA	$	688	$	478	$	1,389

	Year Ended December 31,
	2024		2023		2022
Capital Expenditures
Siding	$	108	$	212	$	316
OSB	63		59		53
LPSA	9		19		20
Other	3		10		22
Total capital expenditures	$	183	$	300	$	412

Information concerning identifiable assets by segment is as follows (dollars in millions):

	December 31,
	2024		2023
Identifiable Assets
Siding	$	1,319	$	1,291
OSB	554		526
LPSA	145		165
Other	551		455
Total assets	$	2,569	$	2,437

Schedule of Segment Reporting Information, by Geographical Areas [Table Text Block]

Information concerning our geographic segments is as follows (dollars in millions):

	Year Ended December 31,
	2024		2023		2022
GEOGRAPHIC LOCATIONS
Total Sales—Point of origin
U.S.	$	2,611	$	2,265	$	3,329
Canada	675		610		827
LPSA	214		241		273
Inter-segment sales	(559)		(535)		(575)
Total Sales	$	2,941	$	2,581	$	3,854
Operating profit (loss)
U.S.	$	502	$	304	$	1,084
Canada	48		40		129
LPSA	36		35		70
Other operating credits and charges, net and loss on impairments of assets	(10)		(49)		15
General corporate expense, loss on early debt extinguishment, other income (expense), interest, net and equity in unconsolidated affiliates	(16)		(78)		(139)
Income before income taxes, including equity in unconsolidated affiliates	560		252		1,159
Provision for income taxes	(140)		(74)		(274)
Income from continuing operations	$	420	$	178	$	885
Loss attributed to noncontrolling interest	—		—		3
Income attributed to LP from continuing operations	$	420	$	178	$	888
IDENTIFIABLE TANGIBLE LONG LIVED ASSETS
U.S.	$	1,063	$	996	$	939
Canada	468		472		356
South America	93		104		87
Total identifiable tangible long lived assets	$	1,624	$	1,572	$	1,382