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Gain (loss) on sales or impairment of long lived assets
 12 Months Ended
Dec. 31, 2011
GAIN (LOSS) ON SALE OF AND IMPAIRMENT OF LONG-LIVED ASSETS, NET [Abstract]  
Details of Impairment of Long-Lived Assets Held and Used by Asset [Table Text Block]
The major components of “Gain (loss) on sale of and impairment of long-lived assets, net” in the Consolidated Statements of Income for the years ended December 31 are reflected in the table below and are described in the paragraphs following the table:
 
Dollar amounts in millions
Year ended December 31,
2011
 
2010
 
2009
Impairment charges on long-lived assets
$
(74.0
)
 
$
(2.4
)
 
$
—

Gain (loss) on sale of other long-lived assets
0.1

 
—

 
2.5

 
$
(73.9
)
 
$
(2.4
)
 
$
2.5


2011
During 2011, LP recorded a loss on sale of and impairment of long-lived assets of $73.9 million. This net loss includes the following items:
•
a loss of $62.0 million associated with the impairment review of its LSL facility in Houlton, Maine;
•
a loss of $12.0 million associated with assets held and used or held for sale; and
•
a gain of $0.1 million associated with the sale of non-operating sites.
2010
During 2010, LP recorded a loss on sale of and impairment of long-lived assets of $2.4 million. This net loss includes the following items:
•
a loss of $0.9 million associated with the valuation of certain road systems in Canada; and
•
a loss of $1.5 million associated with assets held and used or held for sale.

2009
During 2009, LP recorded a net gain on sale of and impairment of long-lived assets of $2.5 million. This net gain includes the following items:
•
a gain of $1.0 million associated with the sale of certain corporate assets as part of LP’s “right sizing” initiative; and
•
a gain of $1.5 million associated with the sale of various timberlands