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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2011
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the computation of basic and diluted earnings per share:
 
 
Year ended December 31,
Dollar and share amounts in millions, except per share amounts
2011
 
2010
 
2009
Numerator:
 
 
 
 
 
Income (loss) attributed to LP common shares:
 
 
 
 
 
Loss from continuing operations
$
(172.1
)
 
$
(32.6
)
 
$
(115.6
)
Loss from discontinued operations
(9.2
)
 
(6.4
)
 
(5.3
)
Net loss
$
(181.3
)
 
$
(39.0
)
 
$
(120.9
)
Denominator:
 
 
 
 
 
Basic—weighted average common shares outstanding
133.2

 
129.1

 
108.5

Dilutive effect of employee stock plans
—

 
—

 
—

Dilutive effect of stock warrants
—

 
—

 
—

Diluted shares outstanding
133.2

 
129.1

 
108.5

Basic earnings per share:
 
 
 
 
 
Loss from continuing operations
$
(1.29
)
 
$
(0.25
)
 
$
(1.06
)
Loss from discontinued operations
(0.07
)
 
(0.05
)
 
(0.05
)
Net loss per share
$
(1.36
)
 
$
(0.30
)
 
$
(1.11
)
Diluted earnings per share:
 
 
 
 
 
Loss from continuing operations
$
(1.29
)
 
$
(0.25
)
 
$
(1.06
)
Loss from discontinued operations
(0.07
)
 
(0.05
)
 
(0.05
)
Net loss per share
$
(1.36
)
 
$
(0.30
)
 
$
(1.11
)
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]
he current book values of assets held for sale by category is as follows: 
Dollar amounts in millions
December 31,
2011
 
2010
Property, plant and equipment, at cost:
 
 
 
Land, land improvements and logging roads, net of road amortization
$
13.1

 
$
13.4

Buildings
22.9

 
24.5

Machinery and equipment
178.3

 
197.7

 
214.3

 
235.6

Accumulated depreciation
(162.4
)
 
(177.7
)
Net property, plant and equipment
$
51.9

 
$
57.9