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Business Exit Charges and Credits
 6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Business Exit Charges and Credits BUSINESS EXIT CHARGES AND CREDITS
During the second quarter of 2023, we ceased the manufacturing operations of Entekra Holdings, LLC (Entekra), an off-site framing operation previously reported within our “Other” category, which comprises other products that are not individually significant. During the second quarter of 2024, the equity method investment held by Entekra sold substantially all of its net assets resulting in a $16 million distribution to LP and a gain of $11 million, which was recorded within equity in unconsolidated affiliate on the Condensed Consolidated Statements of Income.
Business exit charges and credits consisted of the following (dollar amounts in millions):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Impairment of property, plant and equipment, operating lease assets, and other intangible assets1
$— $(24)$— $(24)
Gain on sale of assets from an equity method investment2
11 — 11 — 
Restructuring and other related charges:
Inventory write-down3
— (6)— (6)
Other expenses including personnel-related costs such as severance4
3 (3)3 (3)
$14 $(34)$15 $(34)
1Included within impairment of long-lived assets, net on the Condensed Consolidated Statements of Income.
2Included within equity in unconsolidated affiliate on the Condensed Consolidated Statements of Income.
3Included within cost of sales on the Condensed Consolidated Statements of Income.
4Included within other operating credits and charges, net on the Condensed Consolidated Statements of Income.