Revenue (Tables)

6 Months Ended

Jun. 30, 2021

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]

Three Months Ended June 30, 2021
By product type and family:	Siding		OSB		EWP		South America		Other		Inter-segment		Total
Value-add
Siding Solutions	$	288	$	—	$	—	$	10	$	—	$	—	$	298
OSB - Structural Solutions	—		350		—		63		—		—		414
I-Joist	—		—		75		—		—		—		75
LVL	—		—		45		—		—		—		45
LSL	—		—		11		—		—		—		11
	288		350		132		74		—		—		843
Commodity
OSB - commodity	—		425		—		—		—		—		425
Plywood	—		—		19		—		—		—		19
	—		425		19		—		—		—		445
Other
Other products	3		2		7		—		26		—		38
	$	291	$	778	$	158	$	74	$	26	$	—	$	1,325

Six Months Ended June 30, 2021
By product type and family:	Siding		OSB		EWP		South America		Other		Inter-segment		Total
Value-add
Siding Solutions	$	570	$	—	$	—	$	20	$	—	$	—	$	589
OSB - Structural Solutions	—		605		—		104		—		—		709
I-Joist	—		—		123		—		—		—		123
LVL	—		—		89		—		—		—		89
LSL	—		—		19		—		—		—		19
	570		605		231		124		—		—		1,529
Commodity
OSB - commodity	—		707		—		—		—		—		707
Plywood	—		—		32		—		—		—		32
	—		707		32		—		—		—		739
Other
Other products	6		5		17		3		43		(1)		75
	$	576	$	1,317	$	280	$	126	$	43	$	(1)	$	2,342

Three Months Ended June 30, 2020
By product type and family:	Siding		OSB		EWP		South America		Other		Inter-segment		Total
Value-add
Siding Solutions	$	207	$	—	$	—	$	5	$	—	$	—	$	212
OSB - Structural Solutions	—		95		1		32		—		—		128
I-Joist	—		—		32		—		—		—		32
LVL	—		—		30		—		—		—		30
LSL	—		—		9		—		—		—		9
	207		95		72		37		—		—		411
Commodity
OSB - commodity	—		108		—		—		—		—		108
Plywood	—		—		3		—		—		—		3
	—		108		3		—		—		—		111
Other
CanExel siding	—		—		—		—		3		—		3
Other products	13		1		4		1		4		—		23
	$	220	$	204	$	79	$	38	$	7	$	—	$	548

Six Months Ended June 30, 2020
By product type and family:	Siding		OSB		EWP		South America		Other		Inter-segment		Total
Value-add
Siding Solutions	$	398	$	—	$	—	$	8	$	—	$	—	$	406
OSB - Structural Solutions	—		198		2		64		—		—		264
I-Joist	—		—		69		—		—		—		69
LVL	—		—		66		—		—		—		66
LSL	—		—		21		—		—		—		21
	398		198		158		72		—		—		826
Commodity
OSB - commodity	—		221		—		—		—		—		221
Plywood	—		—		9		—		—		—		9
	—		221		9		—		—		—		230
Other
CanExel siding	—		—		—		—		14		—		14
Other products	34		5		11		2		11		—		63
	$	432	$	424	$	178	$	74	$	25	$	—	$	1,133

Revenue is recognized when obligations under the terms of a contract (i.e., purchase orders) with our customers are satisfied; generally, this occurs with the transfer of control of our products at a point in time. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods. The shipping cost incurred by us to deliver products to our customers is recorded in cost of sales. The expected costs associated with our warranties continue to be recognized as an expense when the products are sold.

Our businesses routinely incur customer program costs to obtain favorable product placement, to promote sales of products, and to maintain competitive pricing. Customer program costs and incentives, including rebates and promotion and volume allowances, are accounted for as deductions from net sales at the time the program is initiated. These reductions from revenue are recorded at the time of sale or the implementation of the program based on management’s best estimates. Estimates are based on historical and projected experience for each type of program or customer. Volume allowances are accrued based on management’s estimates of customer volume achievement and other factors incorporated into customer agreements, such as new product purchases, store sell-through, and merchandising support. Management adjusts accruals when circumstances indicate (typically as a result of a change in volume expectations).

We ship some of our products to customers’ distribution centers on a consignment basis. We retain title to our products stored at the distribution centers. As our products are removed from the distribution centers by retailers and shipped to retailers’ stores, title passes from us to the retailers. At that time, we invoice the retailers and recognize revenue for these consignment transactions. We do not offer a right of return for products shipped to the retailers’ stores from the distribution.