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Revenue (Notes)
 9 Months Ended
Sep. 30, 2022
Disaggregation of Revenue [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE
The following table presents our reportable segment revenues, disaggregated by revenue source. We disaggregate revenue from contracts with customers into major product lines. We have determined that disaggregating revenue into these categories achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.
As noted in the segment reporting information in Note 17 below, our reportable segments are Siding, Oriented Strand Board (OSB), and South America (dollar amounts in millions).
Three Months Ended September 30, 2022
By product type and family:SidingOSBSouth AmericaOtherInter-segmentTotal
Value-add
Siding Solutions$393 $— $6 $— $— $399 
OSB - Structural Solutions— 205 47 — — 251 
393 205 53 — — 650 
Commodity
OSB - commodity— 180 — — — 180 
Other
Other products1 3 — 17 — 22 
$394 $388 $53 $17 $(1)$852 
Three Months Ended September 30, 2021
By product type and family:SidingOSBSouth AmericaOtherInter-segmentTotal
Value-add
Siding Solutions$310 $— $9 $— $— $319 
OSB - Structural Solutions— 307 65 — — 372 
310 307 75 — — 691 
Commodity
OSB - commodity— 290 — — — 290 
Other
Other products3 4 2 30 (1)38 
$312 $600 $76 $30 $(1)$1,018 
Nine Months Ended September 30, 2022
By product type and family:SidingOSBSouth AmericaOtherInter-segmentTotal
Value-add
Siding Solutions$1,079 $— $18 $— $— $1,097 
OSB - Structural Solutions— 995 172 — (2)1,165 
1,079 995 190 — (2)2,262 
Commodity
OSB - commodity— 801 — — (1)801 
Other
Other products4 9 — 72 — 86 
$1,083 $1,805 $190 $72 $(2)$3,149 
Nine Months Ended September 30, 2021
By product type and family:SidingOSBSouth AmericaOtherInter-segmentTotal
Value-add
Siding Solutions$879 $— $29 $— $— $908 
OSB - Structural Solutions— 912 171 — — 1,082 
879 912 200 — — 1,991 
Commodity
OSB - commodity— 997 — — — 997 
Other
Other products9 9 3 73 (2)93 
$889 $1,917 $203 $73 $(2)$3,080 
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, promote sales of products, and 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 centers.