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Business Combinations (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Business Combination [Abstract]        
Gain on acquisition $ 35.9 $ 0 $ 35.9 $ 0
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value 95.9   95.9  
Business Acquisition, Cost of Acquired Entity, Purchase Price 74.6   74.6  
Contingent Consideration 24.3   24.3  
Business Acquisition, Purchase Price Allocation, Assets Acquired (Liabilities Assumed), Net 194.8   194.8  
Business Acquisition, Purchase Price Allocation, Current Assets 22.7   22.7  
Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment 146.4   146.4  
Business Combination Disclosure [Text Block]    
BUSINESS COMBINATIONS
On May 31, 2013, LP acquired full control of the Peace Valley OSB joint venture in which LP previously maintained a 50% interest. Peace Valley OSB's results of operations have been fully consolidated in all periods subsequent to May 31, 2013. Since LP previously served as the exclusive distributor of all OSB for this venture, this acquisition will no material impact on LP's consolidated net sales.
Due to the pre-existing 50% ownership interest in Peace Valley OSB, this acquisition was accounted for as a step acquisition in accordance with ASC 805, Business Combinations (“ASC 805”). Accordingly, LP recognized a gain of $35.9 million in connection with this transaction to record its 50% ownership interest in Peace Valley at fair value on the acquisition date. The fair value of LP's existing 50% interest ($95.9 million)was determined using a combination of the income and market approach. In completing this valuation, management considered future earnings and cash flow potential of the business, earnings multiples, and recent market transactions of similar businesses. This gain is included in "Non-operating income (expense)."
The purchase price of the 50% acquired interest was $74.6 million (including working capital) paid in cash. Additionally, as part of the purchase consideration, LP agreed to pay contingent consideration equal to a pre-defined percentage of the operation's earnings before interest, taxes, depreciation and amortization (EBITDA) over a pre-defined threshold for each of the next three years. As of May 31, 2013, the fair value of the contingent consideration was valued at $24.3 million and is recorded in “accounts payable and accrued liabilities” and “other long term liabilities”. The fair value of the contingent consideration will be re-measured at the end of each reporting period. This fair value was determined based upon the income approach using significant non-observable inputs such as projected OSB pricing taking into consideration volatility of such projections.
Including the 50% interest previously owned by LP, LP acquired net assets of $194.8 million, consisting of $22.7 million in current assets, $146.4 million in fixed asset, $43.8 million million of intangible assets (comprised of $34.1 million of timber licenses and $9.7 million of goodwill) and $8.7 million in current liabilities and $9.4 million in long term liabilities. Certain information about Peace Valley OSB (e.g., pro forma financial information and allocation of purchase price) is not presented because such information is not material to LP's results of operations and financial position.
While LP uses its best estimates and assumptions as part of the purchase price allocation process to value assets acquired and liabilities assumed at the business combination date, its estimates and assumptions are subject to refinement. As a result, during the preliminary purchase price allocation period, which may be up to one year from the business combination date, LP may record adjustments to the assets acquired and liabilities assumed with a corresponding offset to goodwill. LP will record adjustments to assets acquired or liabilities assumed subsequent to the measurement period in its operating results in the period in which the adjustments were determined.
  
Gain on acquisition (35.9) 0 (35.9) 0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangibles 43.8   43.8  
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets 34.1   34.1  
Business Acquisition, Purchase Price Allocation, Goodwill Amount 9.7   9.7  
Business Acquisition, Purchase Price Allocation, Current Liabilities 8.7   8.7  
Business Acquisition, Purchase Price Allocation, Other Noncurrent Liabilities $ 9.4   $ 9.4