Company: LPX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000060519-25-000035
Chunk: 5

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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  Logs                           $                        58      $                       64  
  Other raw materials            43                               41                          
  Semi-finished inventories      37                               33                          
  Finished products              220                              220                         
  Total Inventories              $                       357      $                      357  

Property, Plant, and Equipment

Property, plant, and equipment, including capitalized interest, are recorded at cost and consisted of the following (dollars in millions):

                                                                            September 30, 2025                 December 31, 2024             
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Land, land improvements, and logging roads, net of road amortization      $                         221      $                        217  
  Buildings                                                                 511                                504                           
  Machinery and equipment                                                                           2,545                             2,472  
  Construction in progress                                                  318                                248                           
  Property, plant, and equipment                                                                    3,595                             3,441  
  Accumulated depreciation                                                  ( 1,926)                           ( 1,849)                      
  Property, plant, and equipment, net                                       $                       1,669      $                      1,592  

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities were as follows (dollars amounts in millions):

                                                      September 30, 2025               December 31, 2024           
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Trade accounts payable                                               $      126                      $      139  
  Salaries and wages payable                                          80                              80           
  Accrued customer incentives                                         52                              48           
  Taxes other than income taxes                                        8                               4           
  Current portion of operating lease liabilities                       8                               8           
  Other accrued liabilities                                            6                               9           
  Total accounts payable and accrued liabilities                       $      280                      $      287  

Other accrued liabilities at September 30, 2025, and December 31, 2024, primarily consisted of accrued interest, workers' compensation liabilities, and warranty reserves. Additionally, trade accounts payable included $ 22 32

Other Long-Term Liabilities

                                         September 30, 2025      December 31, 2024  
 ────────────────────────────────────────────────────────────────────────────────────
  Post-retirement obligations