| Segment and geographical information |
Segment and geographical information The segmentation of manufacturing operations into lumber, NA EWP, pulp and paper and Europe EWP is based on a number of factors, including similarities in products, production processes and economic characteristics. The EWP segments have been separated due to differences in the operating region, customer base, profit margins and sales volumes. Transactions between segments are at market prices and on standard business terms. The segments follow the accounting policies described in these consolidated financial statement notes, where applicable. | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, 2025 | Lumber | NA EWP | Pulp & Paper | Europe EWP | Corporate & Other | Total | | | Sales | | | | | | | | To external customers | $ | 2,523 | | $ | 2,131 | | $ | 315 | | $ | 493 | | $ | — | | $ | 5,462 | | | To other segments | 39 | | 9 | | 10 | | — | | (58) | | — | | | $ | 2,561 | | 2,140 | | 325 | | 493 | | (58) | | 5,462 | | | Cost of products sold | (1,977) | | (1,581) | | (270) | | (414) | | 58 | | (4,184) | | | Freight and other distribution costs | (371) | | (304) | | (45) | | (44) | | — | | (766) | | | Export duties, net, and tariffs | (175) | | (1) | | — | | — | | — | | (177) | | | Amortization | (193) | | (290) | | (15) | | (42) | | (5) | | (544) | | | Selling, general and administration | (137) | | (101) | | (11) | | (30) | | (1) | | (280) | | | Equity-based compensation | — | | — | | — | | — | | 14 | | 14 | | | Restructuring and impairment charges | (473) | | (239) | | — | | — | | — | | (712) | | | Operating earnings (loss) | $ | (766) | | $ | (376) | | $ | (16) | | $ | (37) | | $ | 9 | | $ | (1,187) | | | | | | | | | | Total assets | 3,234 | | 3,431 | | 184 | | 532 | | 238 | | $ | 7,620 | | | Total liabilities | 668 | | 450 | | 85 | | 151 | | 416 | | $ | 1,771 | | Capital expenditures | 210 | | 163 | | 14 | | 20 | | 4 | | $ | 411 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Lumber | NA EWP | Pulp & Paper | Europe EWP | Corporate & Other | Total | | Year ended December 31, 2024 | | Sales | | | | | | | | To external customers | $ | 2,550 | | $ | 2,794 | | $ | 378 | | $ | 453 | | $ | — | | $ | 6,175 | | | To other segments | 42 | | 9 | | 11 | | — | | (62) | | — | | | $ | 2,592 | | $ | 2,803 | | $ | 389 | | $ | 453 | | $ | (63) | | $ | 6,174 | | | Cost of products sold | (2,080) | | (1,634) | | (309) | | (375) | | 64 | | (4,333) | | | Freight and other distribution costs | (382) | | (326) | | (65) | | (42) | | — | | (815) | | | Export duties, net, and tariffs | (72) | | — | | — | | — | | — | | (72) | | | Amortization | (192) | | (284) | | (14) | | (48) | | (11) | | (549) | | | Selling, general and administration | (142) | | (99) | | (11) | | (29) | | (1) | | (282) | | | Equity-based compensation | — | | — | | — | | — | | (14) | | (14) | | | Restructuring and impairment charges | (28) | | (1) | | (3) | | (70) | | (1) | | (102) | | | Operating earnings (loss) | $ | (303) | | $ | 459 | | $ | (13) | | $ | (110) | | $ | (26) | | $ | 7 | | | | | | | | | | Total assets | 3,641 | | 3,943 | | 187 | | 561 | | 429 | | $ | 8,760 | | | Total liabilities | 635 | | 572 | | 89 | | 136 | | 375 | | $ | 1,807 | | | Capital expenditures | 312 | | 140 | | 15 | | 19 | | 1 | | $ | 487 | |
The geographic distribution of non-current assets and external sales based on the location of product delivery is as follows: | | | | | | | | | | | | | | | | Non-current assets | Sales by geographic area | | 2025 | 2024 | 2025 | 2024 | | United States | $ | 2,317 | | $ | 2,748 | | $ | 3,568 | | $ | 4,150 | | | Canada | 3,544 | | 3,817 | | 1,095 | | 1,210 | | | U.K and Europe | 372 | | 358 | | 495 | | 458 | | | Asia | — | | — | | 302 | | 351 | | | Other | — | | — | | 1 | | 5 | | | $ | 6,233 | | $ | 6,924 | | $ | 5,462 | | $ | 6,174 | |
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