Company: LPX
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038227
Chunk: 8

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 LP operates have enacted Pillar Two legislation. At this time, Pillar Two legislation is not expected to have a material impact on the Company's effective tax rate, consolidated results of operations, financial position, or cash flows. The Company will continue to monitor future developments related to Pillar Two legislation to assess any potential impact in the relevant jurisdictions.

On July 4, 2025, H. R. 1, a bill to provide for reconciliation pursuant to title II of H. Con. Res. 14, informally known as the “ One Big Beautiful Bill Act” (OBBBA) was enacted in the U. S. The OBBBA includes significant provisions, such as permanent extension of certain expiring elements of the Tax Cuts and Jobs Act of 2017, modifications to the international tax framework, and the restoration of favorable tax treatment for specific business provisions. Certain provisions are effective in 2025, while others will be implemented through 2027. Given that the legislation was signed into law after the close of the second quarter, its impacts are not included in the operating results for the six months ended June 30, 2025. The potential effects on the consolidated financial statements are currently under evaluation.

NOTE 10. OTHER OPERATING AND NON-OPERATING ITEMS

Other operating credits and charges, net

Other operating credits and charges, net, is comprised of the following components (dollar amounts in millions):

                                                Three Months Ended June 30,                          Six Months Ended June 30,                      
                                                2025                                       2024      2025                                     2024  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Reorganization charges                        $                                ( 3)      $         $                              ( 5)      $     
  Legal settlement                              —                                          —         —                                        3     
  Loss on asset disposal                        —                                          —         ( 1)                                     —     
  Other                                         2                                          3         2                                        3     
  Other operating credits and charges, net      $                                ( 2)      $         $                              ( 4)      $     

Other non-operating items

Other non-operating items is comprised of the following components (dollar amounts in millions):

                                    Three Months Ended June 30,                          Six Months Ended June 30,                       
                                    2025                                       2024      2025                                      2024  
 ─────────────────────────────────────────────────────────────────