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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 467.8 $ 350.6 $ 1,257.1 $ 1,044.7
Operating costs and expenses:        
Cost of sales 369.3 322.0 1,042.5 953.3
Depreciation and amortization 18.9 19.6 55.9 61.2
Selling and administrative 30.6 26.5 92.6 82.9
Loss on sale or impairment of long-lived assets, net 4.3 65.0 4.5 73.0
Other operating credits and charges, net 1.2 (9.8) 1.2 (11.2)
Total operating costs and expenses 424.3 423.3 1,196.7 1,159.2
Income (loss) from operations 43.5 (72.7) 60.4 (114.5)
Non-operating income (expense):        
Interest expense, net of capitalized interest (10.7) (14.2) (36.4) (42.6)
Investment income 4.1 16.7 11.7 24.2
Early debt extinguishment 0 0 (52.2) 0
Other non-operating items 0.4 (4.0) (2.3) (1.6)
Total non-operating expense (6.2) (1.5) (79.2) (20.0)
Income (loss) from continuing operations before taxes and equity in (income) losses of unconsolidated affiliates 37.3 (74.2) (18.8) (134.5)
Provision (benefit) for income taxes 7.9 (20.9) (4.4) (36.1)
Equity in (income) loss of unconsolidated affiliates (2.0) 6.0 2.6 16.7
Income (loss) from continuing operations 31.4 (59.3) (17.0) (115.1)
Loss from discontinued operations before taxes (0.2) (10.3) (0.5) (14.4)
Benefit for income taxes (0.1) (4.0) (0.2) (5.6)
Loss from discontinued operations (0.1) (6.3) (0.3) (8.8)
Net income (loss) 31.3 (65.6) (17.3) (123.9)
Less: Net income attributed to non-controlling interest 0 0 0 0.2
Income (loss) attributed to Louisiana-Pacific Corporation 31.3 (65.6) (17.3) (124.1)
Income (loss) per share of common stock (basic):        
Income (loss) from continuing operations $ 0.23 $ (0.44) $ (0.13) $ (0.87)
Loss from discontinued operations $ 0.00 $ (0.05) $ 0.00 $ (0.07)
Net income (loss) per share $ 0.23 $ (0.49) $ (0.13) $ (0.94)
Net income (loss) per share of common stock (diluted):        
Income (loss) from continuing operations $ 0.22 $ (0.44) $ (0.13) $ (0.87)
Loss from discontinued operations $ 0.00 $ (0.05) $ 0.00 $ (0.07)
Net income (loss) per share $ 0.22 $ (0.49) $ (0.13) $ (0.94)
Average shares of stock outstanding - basic 137.1 134.5 136.9 132.4
Average shares of stock outstanding - diluted 142.6 134.5 136.9 132.4
Amounts attributed to LP Corporation common shareholders        
Income (loss) from continuing operations, net of tax 31.4 (59.3) (17.0) (115.3)
Loss from discontinued operations, net of tax (0.1) (6.3) (0.3) (8.8)
Income (loss) attributed to Louisiana-Pacific Corporation $ 31.3 $ (65.6) $ (17.3) $ (124.1)