Company: LPX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000060519-25-000015
Chunk: 8

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 8
---

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

                                                Three Months Ended March 31,                      
                                                2025                                        2024  
 ──────────────────────────────────────────────────────────────────────────────────────────────────
  Reorganization charges                        $                                 ( 1)      $     
  Legal settlement                              —                                           3     
  Loss on asset disposal                        ( 1)                                        —     
  Other operating credits and charges, net      $                                 ( 2)      $     

Other non-operating items

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

                                    Three Months Ended March 31,            
                                    2025                              2024  
 ────────────────────────────────────────────────────────────────────────────
  Foreign currency gain (loss)      ( 5)                              1     
  Other non-operating items         $                                 $     

NOTE 11. IMPAIRMENT OF LONG-LIVED ASSETS

We review the carrying values of our long-lived assets for potential impairments and believe we have adequate support for the carrying value of each of these assets based upon the anticipated cash flows that result from our estimates of future demand, pricing, and production costs, assuming certain levels of planned capital expenditures. However, if demand and pricing for our products fall to levels significantly below cycle average demand and pricing, should we decide to invest capital in alternative projects, or should changes occur related to our wood supply for our mills, it is possible that future impairment charges will be required. No impairment was recognized as of March 31, 2025.

We also review from time to time potential dispositions of various assets, considering current and anticipated economic and industry conditions, our strategic plan, and other relevant factors. Because a determination to dispose of particular assets can require management to make assumptions regarding the transaction structure of the disposition and to estimate the net sales proceeds, which may be less than previous estimates of undiscounted future

net cash flows, we may be required to record impairment charges in connection with decisions to dispose of such assets.

NOTE 12. COMMITMENTS AND CONTINGENCIES

We maintain reserves for various contingent liabilities as follows (dollar amounts in millions):

                                                                              March 31, 2025              December 31, 2024          
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Environmental reserves                                                      $                   27      $                      28  
  Total contingencies