Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per share (dollar amounts in millions, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Income from continuing operations	$	348	$	486	$	769	$	802
Net loss attributed to noncontrolling interest	—		—		1		1
Income from continuing operations attributed to LP	348		486		770		803
Income for discontinued operations, net of income taxes	37		11		99		14
Net income attributed to LP	$	384	$	498	$	868	$	818
Weighted average common shares outstanding - basic	81		101		83		103
Dilutive effect of employee stock plans	—		1		1		1
Shares used for diluted earnings per share	81		102		84		104
Net income attributed to LP per share - basic:
Continuing operations	$	4.30	$	4.82	$	9.25	$	7.76
Discontinued operations	0.46		0.11		1.18		0.14
Net income attributed to LP per share - basic	$	4.76	$	4.93	$	10.43	$	7.90
Net income attributed to LP per share – diluted:
Continuing operations	$	4.28	$	4.79	$	9.19	$	7.71
Discontinued operations	0.45		0.11		1.18		0.14
Net income attributed to LP per share - diluted	$	4.73	$	4.90	$	10.36	$	7.85