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Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting Information [Line Items]  
Segment Reporting Disclosure [Text Block] .    SEGMENT INFORMATION
We operate in four segments: Siding, OSB, EWP, and South America. Our business units have been aggregated into these four segments based upon the similarity of economic characteristics, customers, and distribution methods. Our results of operations are summarized below for each of these segments separately as well as for the “other” category, which comprises other products that are not individually significant.

•The Siding segment serves diverse end markets with a broad product offering of engineered wood siding, trim, and fascia, including LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions® (collectively referred to as Siding Solutions).

•The OSB segment manufactures and distributes OSB structural panel products, including our value-added OSB portfolio known as LP Structural Solutions (which includes LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, and LP® FlameBlock® Fire-Rated Sheathing) and LP® TopNotch® Sub-Flooring.

•The EWP segment consists of LP SolidStart I-Joist (I-Joist), Laminated Veneer Lumber (LVL), Laminated Strand Lumber (LSL), and other related products. This segment also includes the sales of I-Joist and LVL products produced by our joint venture and sales of plywood produced as an ancillary product of the LVL production process. During 2021, we ceased Laminated Strand Lumber (LSL) production at our Houlton, Maine facility to begin the conversion of that facility to Siding Solutions production.

•Our South America segment manufactures and distributes OSB structural panel and siding products in South America and certain export markets. This segment has manufacturing operations in two countries, Chile and Brazil, and operates sales offices in Chile, Brazil, Peru, Columbia, Argentina, and Paraguay.

We evaluate the performance of our business segments based on net sales and Adjusted EBITDA. Accordingly, our chief operating decision maker evaluates performance and allocates resources based primarily on net sales and Adjusted EBITDA for our business segments. Adjusted EBITDA is a non-GAAP financial measure and is defined as income attributed to LP before interest expense, provision for income taxes, depreciation and amortization, and exclude stock-based compensation expense, loss on impairment attributed to LP, product-line discontinuance charges, other operating credits and charges, net, loss on early debt extinguishment, investment income, pension settlement charges, and other non-operating items.

Information about our product segments is as follows:
  
Year Ended December 31,
202120202019
NET SALES BY BUSINESS SEGMENT
Siding$1,170 $959 $917 
OSB2,387 1,220 777 
EWP638 389 396 
South America265 169 159 
Other95 52 66 
Intersegment Sales(3)(1)(5)
Total sales$4,553 $2,788 $2,310 
PROFIT BY SEGMENT
Net income$1,373 $497 $(10)
Add (deduct):
Loss from noncontrolling interest4 2 5 
Income from operations attributed to LP1,377 499 (5)
Provision for income taxes426 125 (13)
Depreciation and amortization119 111 122 
Stock-based compensation expense17 12 9 
Loss on impairment attributed to LP5 15 92 
Other operating credits and charges, net(1)(4)1 
Product-line discontinuance charges— 8 — 
Pension settlement charges2 — — 
Interest expense14 19 19 
Investment income(1)(4)(10)
Loss on early debt extinguishment11 — — 
Other non-operating items4 — (6)
Adjusted EBITDA$1,972 $781 $209 
Siding$289 $246 $169 
OSB1,531 519 10 
EWP95 23 26 
South America113 42 34 
Other(20)(19)(3)
Corporate(36)(30)(27)
Adjusted EBITDA$1,972 $781 $209 
  
Year Ended December 31,
 202120202019
Depreciation and Amortization
Siding$34 $32 $36 
OSB69 65 59 
EWP5 4 16 
South America8 7 9 
Other4 3 3 
Non-segment related— — — 
Total depreciation and amortization$119 $111 $123 
Capital Expenditures
Siding$177 $34 $86 
OSB47 25 46 
EWP5 6 6 
South America20 7 7 
Other 2 4 14 
Non-segment related4 1 4 
Total capital expenditures$254 $77 $163 
Information concerning identifiable assets by segment is as follows: 
December 31,
20212020
Identifiable Assets
Siding$705 $521 
OSB521 511 
EWP121 81 
South America118 106 
Other 86 90 
Non-segment related643 778 
Total assets$2,194 $2,086 
Non-segment related assets include cash and cash equivalents, short-term and long-term investments, corporate assets, and other items.
Information concerning our geographic segments is as follows:
  
Year Ended December 31,
202120202019
GEOGRAPHIC LOCATIONS
Total Sales—Point of origin
U.S.$3,848 $2,425 $1,968 
Canada915 643 653 
South America291 185 178 
Intercompany sales(501)(465)(489)
Total Sales$4,553 $2,788 $2,310 
Operating profit (loss)
U.S.$1,709 $608 $95 
Canada61 50 (17)
South America106 35 25 
Other operating credits and charges, net and loss on impairments of assets(5)(20)(93)
General corporate expense, loss on early debt extinguishment, other income (expense) and interest, net(72)(52)(33)
1,799 621 (23)
Provision for income taxes(426)(125)13 
Income from continuing operations$1,373 $497 $(10)
Loss attributed to noncontrolling interest4 2 5 
Income from continuing operations attributed to LP$1,377 $499 $(5)
IDENTIFIABLE TANGIBLE LONG LIVED ASSETS
U.S.$419 $533 $570 
Canada683 367 390 
South America75 77 74 
Total assets$1,177 $977 $1,034