Assets Held for Sale

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]

ASSETS HELD FOR SALE

Over the last several years, LP has adopted and implemented plans to sell selected assets in order to improve its operating results. LP is required to classify assets held for sale which are not part of a discontinued business separately on the face of the financial statements outside of “Property, plant and equipment.” As of June 30, 2013 and December 31, 2012, LP included two OSB mills and various assets at a third OSB mill, as well as various non-operating sites, in its held for sale category. The current book values of assets held for sale by category is as follows:



Dollars in millions	June 30, 2013			December 31, 2012
Property, plant and equipment, at cost:
Land, land improvements and logging roads, net of road amortization	$	9.9		$	10.0
Buildings	15.6			17.1
Machinery and equipment	140.7			140.8
	166.2			167.9
Accumulated depreciation	(134.8		)	(135.4		)
Net property, plant and equipment	$	31.4		$	32.5

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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