Selected Segment Data (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net sales
Siding	$	394	$	312	$	1,083	$	889
OSB	388		600		1,805		1,917
South America	53		76		190		203
Other	17		30		72		73
Intersegment sales	(1)		(1)		(2)		(2)
Total sales	$	852	$	1,018	$	3,149	3,080
PROFIT BY SEGMENT
Net income	$	226	$	365	$	1,093	$	1,182
Add (deduct):
Net loss attributed to noncontrolling interest	—		—		1		1
Income from discontinued operations, net of income taxes	(97)		(33)		(196)		(47)
Income attributed to LP from continuing operations	129		332		898		1,135
Provision for income taxes	44		111		284		350
Depreciation and amortization	32		28		96		85
Stock-based compensation expense	2		5		15		10
Other operating credits and charges, net	(7)		(2)		(17)		(5)
Loss on early debt extinguishment	—		—		—		11
Interest expense	3		4		9		12
Investment income	(5)		—		(8)		(1)
Other non-operating items	(1)		2		7		2
Pension settlement charges	4		—		4		—
Adjusted EBITDA	$	200	$	480	$	1,289	$	1,600
Siding	$	90	$	73	$	251	$	240
OSB	113		381		1,021		1,300
South America	14		37		65		91
Other	(7)		(3)		(19)		(11)
Corporate	(11)		(8)		(29)		(22)
Adjusted EBITDA	$	200	$	480	$	1,289	$	1,600