v3.26.1
Selected Segment Data (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
Information regarding the Company’s business segments is presented below (dollar amounts in millions):
Three Months Ended June 30, 2026
SidingOSBTotal
Revenues from external customers$441 $182 $623 
Reconciliation of revenue
Other revenues1
41 
Total consolidated revenues$664 
Less:
Cost of sales(308)(200)
Selling, general, and administrative expenses(44)(17)
Depreciation and amortization22 13 
Other segment items2
2 1 
Reportable segment Adjusted EBITDA$113 $(21)$92 
Three Months Ended June 30, 2025
SidingOSBTotal
Revenues from external customers$460 $250 $710 
Reconciliation of revenue
Other revenues1
45 
Total consolidated revenues$755 
Less:
Cost of sales(314)(229)
Selling, general, and administrative expenses(44)(18)
Depreciation and amortization20 13 
Other segment items2
2 2 
Reportable segment Adjusted EBITDA$125 $19 $143 
1 Other revenues include sales from the Company's South American operations and other products and services that are not individually significant.
2 Other segment items include stock compensation expense.
Six Months Ended June 30, 2026
SidingOSBTotal
Revenues from external customers$801 $350 $1,151 
Reconciliation of revenue
Other revenues1
87 
Total consolidated revenues$1,239 
Less:
Cost of sales(552)(379)
Selling, general, and administrative expenses(83)(34)
Depreciation and amortization44 28 
Other segment items2
4 2 
Reportable segment Adjusted EBITDA$214 $(33)$181 
Six Months Ended June 30, 2025
SidingOSBTotal
Revenues from external customers$862 $517 $1,379 
Reconciliation of revenue
Other revenues1
99 
Total consolidated revenues$1,478 
Less:
Cost of sales(590)(440)
Selling, general, and administrative expenses(85)(34)
Depreciation and amortization40 26 
Other segment items2
3 3 
Reportable segment Adjusted EBITDA$230 $73 $303 
1 Other revenues include sales from the Company's South American operations and other products and services that are not individually significant.
2 Other segment items include stock compensation expense.
The following table presents significant items and reconciles reportable segment Adjusted EBITDA to income before income taxes (dollar amounts in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Reconciliation of profit (loss)
Reportable segment Adjusted EBITDA
$92 $143 $181 $303 
Add (deduct):
Other Adjusted EBITDA1
(13)(1)(19)1 
Equity in unconsolidated affiliate— — — (1)
Depreciation and amortization(39)(36)(77)(70)
Stock-based compensation expense(5)(7)(12)(12)
Loss on impairment— (17)— (17)
Other operating credits and charges, net(5)(2)(6)(4)
Product-line discontinuance charges— — (1)— 
Interest expense(4)(4)(8)(7)
Investment income6 4 8 8 
Other non-operating (expense) income2
1 (7)4 (12)
Income before income taxes
$34 $73 $70 $189 
1Other Adjusted EBITDA includes the Company's South American operations, unallocated corporate expenses, and other products and services that are not individually significant.
Information concerning identifiable assets by segment is as follows (dollar amounts in millions):
June 30, 2026December 31, 2025
Identifiable Assets
Siding$1,461 $1,419 
OSB522 531 
Total segment assets1,983 1,950 
Other624 677 
Total assets$2,607 $2,627