Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Net income (loss) attributed to LP	$	160	$	(20)	$	267	$	1
Weighted average common shares outstanding - basic	72		72		72		72
Dilutive effect of employee stock plans	—		—		—		—
Shares used for diluted earnings per share	72		72		72		72
Earnings per share:
Basic	$	2.23	$	(0.28)	$	3.72	$	0.02
Diluted	$	2.23	$	(0.28)	$	3.71	$	0.02