Company: LPX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000060519-25-000015
Chunk: 10

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 sale of most of our products and record an accrual for estimated future claims. Such accruals are based upon historical experience and management’s estimate of the level of future claims. The activity in warranty reserves for the three months ended March 31, 2025 and 2024, is summarized in the following table (dollar amounts in millions):

                                                                                                   Three Months Ended March 31,            
                                                                                                   2025                              2024  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Beginning balance                                                                                $                                 $     
  Change in warranty provision                                                                     —                                 1     
  Total warranty reserves                                                                          6                                 8     
  Current portion of warranty reserves (included in accounts payable and accrued liabilities)      ( 2)                              ( 2)  
  Long-term portion of warranty reserves (included in other long-term liabilities)                 $                                 $     

We continue to monitor warranty and other claims associated with our products and believe, as of March 31, 2025, that the warranty reserve balances associated with these matters are adequate to cover future warranty payments. However, it is possible that additional changes may be required in the future.

NOTE 14. ACCUMULATED COMPREHENSIVE LOSS

Accumulated comprehensive loss is provided in the following table for the three months ended March 31, 2025 and 2024 (dollar amounts in millions):

                                    Translation Adjustments                  Other      Total              
  Balance at December 31, 2024      $                            ( 122)      $          $          ( 122)  
  Translation adjustments           12                                       —          12                 
  Balance at March 31, 2025         $                            ( 110)      $          $          ( 110)  
                                    Translation Adjustments                  Other      Total              
  Balance at December 31, 2023      $                             ( 89)      $          $           ( 89)  
  Translation adjustments           ( 15)                                    —          ( 15)              
  Balance at March 31, 2024         $                            ( 104)      $          $          ( 104)  

NOTE 15. SELECTED SEGMENT DATA

We operate in three three

• The Siding segment serves diverse end markets with a broad product portfolio of engineered wood siding, trim, soffit, and fascia, including LP® SmartSide®Trim & Siding, LP® SmartSide® ExpertFinish®