Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

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 (dollars and shares in millions):

	Year Ended December 31,
	2022		2021		2020
Income from continuing operations	$	885	$	1,302	$	484
Net loss attributed to noncontrolling interest	3		4		2
Income attributed to LP from continuing operations	888		1,306		487
Income for discontinued operations, net of income taxes	198		71		12
Net income attributed to LP	$	1,086	$	1,377	$	499
Weighted average common shares outstanding - basic	78		97		111
Dilutive effect of employee stock plans	—		1		1
Shares used for diluted earnings per share	78		98		112
Net income attributed to LP per share - basic:
Continuing operations	$	11.40	$	13.46	$	4.37
Discontinued operations	2.54		0.73		0.11
Net income attributed to LP per share - basic	$	13.94	$	14.19	$	4.48
Net income attributed to LP per share – diluted:
Continuing operations	$	11.34	$	13.37	$	4.35
Discontinued operations	2.52		0.73		0.11
Net income attributed to LP per share - diluted	$	13.87	$	14.09	$	4.46