Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023		2022		2021
Income from continuing operations	$	178	$	885	$	1,302
Net loss attributed to non-controlling interest	—		3		4
Income attributed to LP from continuing operations	178		888		1,306
Income from discontinued operations, net of income taxes	—		198		71
Net income attributed to LP	$	178	$	1,086	$	1,377
Weighted average common shares outstanding - basic	72		78		97
Dilutive effect of employee stock plans	—		—		1
Shares used for diluted earnings per share	72		78		98
Net income attributed to LP per share - basic:
Continuing operations	$	2.47	$	11.40	$	13.46
Discontinued operations	—		2.54		0.73
Net income attributed to LP per share - basic	$	2.47	$	13.94	$	14.19
Net income attributed to LP per share – diluted:
Continuing operations	$	2.46	$	11.34	$	13.37
Discontinued operations	—		2.52		0.73
Net income attributed to LP per share - diluted	$	2.46	$	13.87	$	14.09