Stock-Based Compensation

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement [Text Block]

STOCK-BASED COMPENSATION

We have a Management Incentive Plan (MIP) that is administered by the Compensation Committee of the Board of Directors. The Compensation Committee authorizes the grants of restricted stock (shares or units), performance share awards payable in stock based upon the attainment of specified performance goals and stock-settled stock appreciation rights (SSARs).We also maintain an employee stock purchase plan which allows eligible employees to purchase shares of LP’s common stock at a discount. As of June 30, 2019, 2.5 million shares were available for grant under the 2013 Omnibus Plan and 1.9 million shares were available under the 2019 Employee Stock Purchase Plan.

	Quarter Ended					Six Months Ended
	June 30,					June 30,
	2019		2018			2019			2018
Total stock-based compensation expense (cost of sales, selling, general and administrative and other operating credits and charges, net)	$	2	$	3		$	5		$	5
Income tax provision related to stock-based compensation	$	—	$	(1	)	(1		)	(3		)
Impact on cash flow due to taxes paid related to net share settlement of equity awards	$	—	$	2		4			8

At June 30, 2019, $19 million of compensation cost related to unvested performance shares, restricted stock and SSARs attributable to future service had not yet been recognized.

During the first six months of 2019, we granted 195,452 performance units at an average grant date fair value of $25.19 per share and 392,704 restricted stock units at an average grant date fair value of $24.21 per share.