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Consolidated Statement of Income (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net sales$ 350.6$ 322.8$ 1,044.7$ 1,067.3
Operating costs and expenses:    
Cost of sales322.0289.1953.3903.4
Depreciation and amortization19.618.761.261.5
Selling and administrative26.527.782.987.2
(Gain) loss on sale or impairment of long-lived assets, net65.00.973.02.1
Other operating credits and charges, net(9.8)2.3(11.2)2.8
Total operating costs and expenses423.3338.71,159.21,057.0
Income (loss) from operations(72.7)(15.9)(114.5)10.3
Non-operating income (expense):    
Equity Investment, Other than Temporary Impairment0(16.9)0(16.9)
Interest expense, net of capitalized interest(14.2)(15.3)(42.6)(49.8)
Investment income16.74.924.215.1
Other non-operating items(4.0)(0.4)(1.6)1.0
Total non-operating expense(1.5)(27.7)(20.0)(50.6)
Income (loss) from continuing operations before taxes and equity in losses of unconsolidated affiliates(74.2)(43.6)(134.5)(40.3)
Provision (benefit) for income taxes(20.9)(16.4)(36.1)(14.0)
Equity in loss (income) of unconsolidated affiliates6.03.716.73.5
Income (loss) from continuing operations(59.3)(30.9)(115.1)(29.8)
Loss from discontinued operations before taxes(10.3)(1.3)(14.4)(3.6)
Benefit for income taxes(4.0)(0.5)(5.6)(1.4)
Loss from discontinued operations(6.3)(0.8)(8.8)(2.2)
Net income (loss)(65.6)(31.7)(123.9)(32.0)
Less: Net income (loss) attributed to non-controlling interest00.30.20.2
Net income (loss) attributed to Louisiana-Pacific Corporation(65.6)(32.0)(124.1)(32.2)
Net income (loss) per share of common stock (basic):    
Income (loss) from continuing operations$ (0.44)$ (0.23)$ (0.87)$ (0.23)
Loss from discontinued operations$ (0.05)$ (0.01)$ (0.07)$ (0.02)
Net income (loss) per share$ (0.49)$ (0.24)$ (0.94)$ (0.25)
Net income (loss) per share of common stock (diluted):    
Income (loss) from continuing operations$ (0.44)$ (0.23)$ (0.87)$ (0.23)
Loss from discontinued operations diluted$ (0.05)$ (0.01)$ (0.07)$ (0.02)
Net income (loss) per share diluted$ (0.49)$ (0.24)$ (0.94)$ (0.25)
Average shares of stock outstanding - basic134.5131.1132.4128.5
Average shares of stock outstanding - diluted134.5131.1132.4128.5
Amounts attributed to LP Corporation common shareholders    
Income (loss) from continuing operations, net of tax(59.3)(31.2)(115.3)(30.0)
Loss from discontinued operations, net of tax(6.3)(0.8)(8.8)(2.2)
Net loss attributed to Louisiana-Pacific Corporation$ (65.6)$ (32.0)$ (124.1)$ (32.2)