Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2023

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 and share amounts in millions, except per share amounts):


	Three Months Ended March 31,
	2023		2022
Income from continuing operations	$	22	$	421
Net (income) loss attributed to noncontrolling interest	(1)		1
Income attributed to LP from continuing operations	21		422
Income for discontinued operations, net of income taxes	—		62
Net income attributed to LP	$	21	$	484

Weighted average common shares outstanding - basic	72		86
Dilutive effect of employee stock plans	—		1
Shares used for diluted earnings per share	72		86
Net income attributed to LP per share - basic:
Continuing operations	$	0.29	$	4.92
Discontinued operations	—		0.72
Net income attributed to LP per share - basic	$	0.29	$	5.64

Net income attributed to LP per share – diluted:
Continuing operations	$	0.29	$	4.89
Discontinued operations	—		0.71
Net income attributed to LP per share - diluted	$	0.29	$	5.60