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Midas Edge

LOUISIANA-PACIFIC CORP

For the period ended Dec 31, 2024. Filed Feb 19, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 19, 2025

LPX$78.32+3.9%Stored close · as of Nov 9, 2026

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Contents

Business Exit Credits and Charges

  1. BUSINESS EXIT CREDITS AND CHARGES

During the second quarter of 2023, we ceased the manufacturing operations of Entekra, an off-site framing operation previously reported within our “Other” category, which comprises other products that are not individually significant. During 2024, the equity method investment held by Entekra sold substantially all of its net assets resulting in a $16 million distribution to LP and a gain of $11 million, which was recorded within equity in unconsolidated affiliate on the Consolidated Statements of Income. Business exit credits and charges, net consisted of the following (dollar amounts in millions):

Year Ended December 31,
20242023
Impairment of property, plant and equipment, operating lease assets, and other intangible assets1$—$(24)
Gain on sale of assets from an equity method investment2$11$—
Restructuring and other related charges:
Inventory write-down3—(7)
Other expenses including personnel-related costs such as severance43(1)
Total Business exit credits and charges$14$(32)

1 Included within impairment of long-lived assets on the Consolidated Statements of Income.

2 Included within equity in unconsolidated affiliate on the Consolidated Statements of Income.

3 Included within cost of sales on the Consolidated Statements of Income.

4 Included within other operating credits and charges, net on the Consolidated Statements of Income.

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