Segment and geographical information (Tables)

12 Months Ended

Dec. 31, 2025


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: