v3.26.3
Selected Segment Data (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
Information regarding the Company’s business segments is presented below (dollar amounts in millions):
Three Months Ended September 30, 2026
SidingOSBTotal
Revenues from external customers$473 $180 $653 
Reconciliation of revenue
Other revenues1
38 
Total consolidated revenues$691 
Less:
Cost of sales(336)(203)
Selling, general, and administrative expenses(42)(16)
Depreciation and amortization23 14 
Other segment items2
2 1 
Reportable segment Adjusted EBITDA$119 $(24)$94 
Three Months Ended September 30, 2025
SidingOSBTotal
Revenues from external customers$443 $179 $622 
Reconciliation of revenue
Other revenues1
41 
Total consolidated revenues$663 
Less:
Cost of sales(301)(203)
Selling, general, and administrative expenses(48)(18)
Depreciation and amortization20 14 
Other segment items2
3 1 
Reportable segment Adjusted EBITDA$117 $(27)$90 
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.
Nine Months Ended September 30, 2026
SidingOSBTotal
Revenues from external customers$1,274 $530 $1,804 
Reconciliation of revenue
Other revenues1
125 
Total consolidated revenues$1,929 
Less:
Cost of sales(889)(581)
Selling, general, and administrative expenses(125)(49)
Depreciation and amortization67 40 
Other segment items2
5 3 
Reportable segment Adjusted EBITDA$333 $(58)$275 
Nine Months Ended September 30, 2025
SidingOSBTotal
Revenues from external customers$1,305 $696 $2,001 
Reconciliation of revenue
Other revenues1
140 
Total consolidated revenues$2,141 
Less:
Cost of sales(890)(643)
Selling, general, and administrative expenses(133)(52)
Depreciation and amortization60 40 
Other segment items2
6 4 
Reportable segment Adjusted EBITDA$348 $46 $393 
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 September 30,Nine Months Ended September 30,
2026202520262025
Reconciliation of profit (loss)
Reportable segment Adjusted EBITDA
$94 $90 $275 $393 
Add (deduct):
Other Adjusted EBITDA1
(12)(8)(31)(7)
Equity in unconsolidated affiliate— — — (1)
Depreciation and amortization(38)(36)(115)(106)
Stock-based compensation expense(6)(12)(18)(24)
Loss on impairment— (13)— (31)
Other operating credits and charges, net(9)(1)(15)(5)
Product-line discontinuance charges— (1)(1)(1)
Interest expense(4)(4)(12)(11)
Investment income2 5 11 12 
Other non-operating (expense) income4 (1)8 (13)
Income before income taxes
$31 $18 $101 $207 
1 Other 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):
September 30, 2026December 31, 2025
Identifiable Assets
Siding$1,472 $1,419 
OSB513 531 
Total segment assets1,986 1,950 
Other 1
661 677 
Total assets$2,646 $2,627 
1 Other assets include cash and cash equivalents, accounts receivable, South American assets, short-term and long-term investments, corporate assets, and other items.