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Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
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 September 30,Nine Months Ended September 30,
2023202220232022
Income from continuing operations$118 $129 $119 $898 
Net loss attributed to non-controlling interest— — — 1 
Income attributed to LP from continuing operations118 129 119 898 
Income from discontinued operations, net of income taxes— 97 — 196
Net income attributed to LP$118 $226 $119 $1,094 
Weighted average common shares outstanding - basic72 74 72 80 
Dilutive effect of employee stock plans— — — 1 
Shares used for diluted earnings per share72 74 72 80 
Net income attributed to LP per share - basic:
Continuing operations$1.63 $1.75 $1.65 $11.23 
Discontinued operations— 1.32 — 2.45 
Net income attributed to LP per share - basic$1.63 $3.07 $1.65 $13.67 
Net income attributed to LP per share - diluted:
Continuing operations$1.63 $1.74 $1.65 $11.16 
Discontinued operations— 1.31 — 2.43 
Net income attributed to LP per share - diluted$1.63 $3.05 $1.65 $13.59