Company: LPX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000060519-25-000005
Chunk: 84

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 84
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 $1,570 OSB - Structural Solutions— 650 163 — — 813 1,549 650 184 — — 2,383 CommodityOSB - Commodity— 514 — — — 514 OtherOther products9 20 6 9 — 44 $1,558 $1,184 $190 $9 $— $2,941 Year Ended December 31, 2023By Product type and family:SidingOSBLPSAOtherInter-segmentTotalValue-addSiding Solutions$1,319 $— $24 $— $— $1,343 OSB - Structural Solutions— 565 177 — — 742 1,319 565 201 — — 2,086 CommodityOSB - Commodity— 446 — — — 446 OtherOther products9 15 4 22 — 49 $1,328 $1,026 $205 $22 $— $2,581 Year Ended December 31, 2022By Product type and family:SidingOSBLPSAOtherInter-segmentTotalValue-addSiding Solutions$1,463 $— $23 $— $— $1,486 OSB - Structural Solutions— 1,110 215 — (2)1,323 1,463 1,110 238 — (2)2,809 CommodityOSB - Commodity— 938 — — (1)937 OtherOther products6 14 3 84 — 107 $1,469 $2,062 $241 $84 $(2)$3,854 

60

Revenue is recognized when obligations under the terms of a contract (e.g., purchase orders) with our customers are satisfied; generally, this occurs with the transfer of control of our products at a point in time. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods. The shipping cost incurred by us to deliver products to our customers is recorded in Cost of sales. The expected costs associated with our warranties continue to be recognized as an expense when the products are sold. During 2024, 2023, and 2022, our top ten customers accounted