LOUISIANA-PACIFIC CORP
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
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Other Operating and Non-Operating Income (Expense)
- OTHER OPERATING AND NON-OPERATING INCOME (EXPENSE)
Other operating credits and charges, net
The major components of other operating credits and charges, net in the Consolidated Statements of Income for the years ended December 31, 2025, 2024, and 2023 are reflected in the table below and described in the paragraphs following the table (dollar amounts in millions):
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 · 2024 · 2023 | |||
| Legal settlement | — | 3 | (16) |
| Reorganization charges | (6) | (2) | (8) |
| Product-line discontinuance charges | (2) | — | — |
| Gain (loss) on asset sales | — | (2) | 6 |
| Other | 1 | (3) | (1) |
| Other operating credits and charges, net | $(7) | $(4) | $(19) |
During 2025, we paid $6 million related to certain reorganizations, including severances, and recognized $2 million of product-line discontinuance charges related to inventory we are no longer planning to sell.
During 2024, we received $3 million related to legal settlements, incurred severance and other charges of $2 million related to certain reorganizations, and recognized a $2 million loss on the sales of assets.
During 2023, we agreed to pay $16 million to resolve certain patent-related claims and to obtain certain patent rights. We incurred severance and other charges of $8 million related to certain reorganizations and recognized a $6 million gain on the sale of assets.
Non-operating income (expense)
Non-operating income (expense) is comprised of the following components (dollar amounts in millions):
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Interest expense | $(17) | $(14) | $(17) |
| Amortization of debt charges | (1) | (1) | (1) |
| Capitalized interest | 3 | 1 | 4 |
| Interest expense, net of capitalized interest | $(15) | $(14) | $(14) |
| Interest income | $16 | $22 | $18 |
| Investment income | $16 | $22 | $18 |
| Foreign currency gain (loss), net | $(15) | $9 | $(40) |
| Pension settlement charges | — | — | (4) |
| Other | — | — | 1 |
| Other non-operating (expense) income | $(15) | $9 | $(43) |
During 2025, we recognized $15 million of foreign currency losses primarily driven by $2 million and $13 million of transactional gains on Canadian and South American exchange rates, respectively.
During 2024, we recognized $9 million of foreign currency gains primarily driven by $4 million and $5 million of transactional gains on Canadian and South American exchange rates, respectively.
During 2023, we completed the termination of our U.S. and Canadian defined benefit pension plans resulting in the recognition of non-cash, pre-tax charges of $4 million. Additionally, we recognized $40 million of foreign currency losses primarily driven by $32 million of transactional losses on the Argentine peso.
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