Company: LPX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000060519-25-000035
Chunk: 9

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
 Act effective in 2025 include 100% bonus depreciation on qualified property and full expensing for research and development expenditures. The impacts of The Tax Act are reflected in our results for the nine months ended September 30, 2025, and have no material impact on our income tax expense or effective tax rate. We expect certain provisions of The Tax Act will decrease cash taxes paid in the current fiscal year and may change the timing of cash tax payments in future periods.

NOTE 8. 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 September 30,                                    Nine Months Ended September 30,                      
                                                2025                                            2024                2025                                           2024  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Reorganization charges                        $                                     ( 1)      $         ( 1)      $                                    ( 6)      $     
  Legal settlement                              —                                               —                   —                                              3     
  Product-line discontinuance charges           ( 1)                                            —                   ( 1)                                           —     
  Other                                         ( 1)                                            —                   1                                              —     
  Other operating credits and charges, net      $                                     ( 2)      $         ( 1)      $                                    ( 6)      $     

Other non-operating items

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

                                    Three Months Ended September 30,                                    Nine Months Ended September 30,                       
                                    2025                                            2024                2025                                            2024  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Foreign currency gain (loss)      $                                     ( 1)      $         ( 4)      $                                    ( 13)      $     
  Other non-operating items         $                                     ( 1)      $         ( 4)      $                                    ( 13)      $     

NOTE 9. IMPAIRMENT OF LONG-LIVED ASSETS

The carrying values of our long-lived assets are reviewed for potential impairments, and adequate support is believed by management to exist for each asset’s carrying value based on anticipated cash flows derived from estimates of future demand, pricing, and production costs, assuming