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Asset Retirement Obligation

12 Months Ended

Dec. 31, 2012

ASSET RETIREMENT OBLIGATIONS [Abstract]

Asset Retirement Obligation Disclosure [Text Block]

ASSET RETIREMENT OBLIGATIONS

The activity in LP’s asset retirement obligation liability for 2012 and 2011 is summarized in the following table. These are included in “Other long-term liabilities” in the Consolidated Balance Sheets.



Dollar amounts in millions	Year ended December 31,
Dollar amounts in millions	2012			2011
Beginning balance	$	7.4		$	7.0
Accretion expense	0.8			0.4
Accrued to expense during the year	0.5			0.4
Payments made	(0.4		)	(0.4		)
Ending balance	$	8.3		$	7.4

- Definition

The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.

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