Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

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

	Year Ended December 31,
	2022		2021		2020
NET SALES BY BUSINESS SEGMENT
Siding	$	1,469	$	1,170	$	959
OSB	2,062		2,387		1,220
South America	241		265		169
Other	84		95		52
Intersegment Sales	(2)		(3)		(1)
Total sales	$	3,854	$	3,915	$	2,399
NET INCOME TO ADJUSTED EBITDA RECONCILIATION
Net income	$	1,083	$	1,373	$	497
Add (deduct):
Net loss attributed to noncontrolling interest	3		4		2
Income from discontinued operations, net of income taxes	(198)		(71)		(12)
Income attributed to LP from continuing operations	888		1,306		487
Provision for income taxes	274		402		121
Depreciation and amortization	129		114		106
Stock-based compensation expense	19		16		11
Loss on impairment attributed to LP	1		5		15
Other operating credits and charges, net	(16)		(1)		7
Pension settlement charges	82		2		—
Interest expense	11		14		19
Investment income	(14)		(1)		(4)
Loss on early debt extinguishment	—		11		—
Other non-operating items, not included above	15		9		(4)
Adjusted EBITDA	$	1,389	$	1,877	$	757
SEGMENT ADJUSTED EBITDA
Siding	$	339	$	289	$	246
OSB	1,034		1,531		519
South America	77		113		42
Other	(23)		(20)		(19)
Corporate	(38)		(36)		(30)
Adjusted EBITDA	$	1,389	$	1,877	$	757

	Year Ended December 31,
	2022		2021		2020
Depreciation and Amortization
Siding	$	46	$	34	$	32
OSB	71		69		65
South America	8		8		7
Other	4		4		3
Non-segment related	—		—		—
Total depreciation and amortization	$	129	$	114	$	107
Capital Expenditures
Siding	$	316	$	177	$	34
OSB	53		47		25
South America	20		20		7
Other	1		2		4
Non-segment related	21		4		1
Total capital expenditures	$	412	$	250	$	71

Information concerning identifiable assets by segment is as follows (dollars in millions):

	December 31,
	2022		2021
Identifiable Assets
Siding	$	1,045	$	705
OSB	491		521
South America	151		118
Other	74		86
Discontinued operations	—		156
Non-segment related	589		608
Total assets	$	2,350	$	2,194

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

Information concerning our geographic segments is as follows (dollars in millions):

	Year Ended December 31,
	2022		2021		2020
GEOGRAPHIC LOCATIONS
Total Sales—Point of origin
U.S.	$	3,329	$	3,354	$	2,118
Canada	827		613		426
South America	273		291		185
Intercompany sales	(575)		(344)		(330)
Total Sales	$	3,854	$	3,915	$	2,399
Operating profit (loss)
U.S.	$	1,084	$	1,567	$	583
Canada	129		112		57
South America	70		106		36
Other operating credits and charges, net and loss on impairments of assets	15		(5)		(23)
General corporate expense, loss on early debt extinguishment, other income (expense), interest, net and equity in unconsolidated affiliates	(139)		(77)		(48)
Income before income taxes, including equity in unconsolidated affiliates	1,159		1,704		605
Provision for income taxes	(274)		(402)		(121)
Income from continuing operations	$	885	$	1,302	$	484
Loss attributed to noncontrolling interest	3		4		2
Income attributed to LP from continuing operations	$	888	$	1,306	$	487
IDENTIFIABLE TANGIBLE LONG LIVED ASSETS
U.S.	$	939	$	671	$	517
Canada	356		359		340
South America	87		75		77
Total assets	$	1,382	$	1,106	$	935