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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 2,581.0 $ 3,854.0 $ 3,915.0
Operating costs and expenses:      
Cost of sales (1,988.0) (2,355.0) (1,952.0)
Gross Profit 593.0 1,498.0 1,963.0
Selling, general, and administrative expenses (257.0) (264.0) (223.0)
Loss on impairments (30.0) (1.0) (6.0)
Other operating credits and charges, net (19.0) 16.0 1.0
Income from operations 287.0 1,250.0 1,734.0
Non-operating income (expense):      
Interest (expense) income 14.0 11.0 14.0
Investment Income, Net 18.0 14.0 1.0
Other nonoperating items (43.0) (97.0) (22.0)
Income before income taxes 248.0 1,155.0 1,700.0
Provision for income taxes (74.0) (274.0) (402.0)
Equity in unconsolidated affiliate 3.0 4.0 4.0
Income from continuing operations 178.0 885.0 1,302.0
Income from discontinued operations, net of income taxes 0.0 198.0 71.0
Net income 178.0 1,083.0 1,373.0
Net loss attributed to noncontrolling interest 0.0 3.0 4.0
Net income attributed to LP $ 178.0 $ 1,086.0 $ 1,377.0
Basic net income (loss) per share:      
Net income per share - diluted $ 2.47 $ 13.94 $ 14.19
Diluted net earnings (loss) per share:      
Net income per share - diluted $ 2.46 $ 13.87 $ 14.09
Weighted average number of shares outstanding - basic 72 78 97
Weighted average number of shares outstanding, diluted 72 78 98