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Selected Segment Data
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Selected Segment Data
SELECTED SEGMENT DATA
LP operates in four segments: Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. LP’s business units have been aggregated into these four segments based upon the similarity of economic characteristics, customers and distribution methods. LP’s results of operations are summarized below for each of these segments separately as well as for the “other” category which comprises other products that are not individually significant. Segment information was prepared in accordance with the same accounting principles as those described in Note 1 of the Notes to the financial statements included in LP’s Annual Report on Form 10-K for the year ended December 31, 2012.
 
Quarter Ended September 30,
 
Nine Months Ended September 30,
Dollar amounts in millions
2013
 
2012
 
2013
 
2012
Net sales:
 
 
 
 
 
 
 
OSB
$
245.4

 
$
226.6

 
$
838.3

 
$
571.0

Siding
149.0

 
134.1

 
435.5

 
384.2

Engineered Wood Products
71.8

 
61.5

 
196.1

 
161.8

South America
41.5


42.0


130.9


127.1

Other
3.9

 
3.4

 
10.3

 
10.1

Intersegment sales
(4.2
)
 
(5.5
)
 
(5.6
)
 
(16.9
)
 
$
507.4

 
$
462.1

 
$
1,605.5

 
$
1,237.3

Operating profit (loss):
 
 
 
 
 
 
 
OSB
$
30.2

 
$
49.3

 
$
223.7

 
$
66.0

Siding
22.5

 
20.3

 
70.3

 
56.4

Engineered Wood Products
(2.0
)
 
(3.0
)
 
(10.6
)
 
(9.3
)
South America
5.3


4.5


17.8


11.2

Other
(2.1
)
 
(2.6
)
 
(6.1
)
 
(7.8
)
Other operating credits and charges, net
16.1

 
(1.2
)
 
9.1

 
(1.2
)
Other operating credits and charges associated with unconsolidated affiliates
—

 
—

 
(2.7
)
 
—

Gain (loss) on sale or impairment of long-lived assets
(0.3
)
 
(4.3
)
 
0.4

 
(4.5
)
Gain on acquisition
—

 
—

 
35.9

 
—

Early debt extinguishment
(0.8
)
 
—

 
(0.8
)
 
(52.2
)
General corporate and other expenses, net
(22.1
)
 
(18.1
)
 
(65.9
)
 
(56.3
)
Foreign currency gain (loss)
1.0

 
0.4

 
(3.3
)
 
(2.3
)
Investment income
1.7

 
4.1

 
8.3

 
11.7

Interest expense, net of capitalized interest
(7.6
)
 
(10.7
)
 
(28.0
)
 
(36.4
)
Income (loss) from continuing operations before taxes
41.9

 
38.7

 
248.1

 
(24.7
)
Provision (benefit) for income taxes
4.4

 
7.7

 
51.6

 
(5.6
)
Income (loss) from continuing operations
$
37.5

 
$
31.0

 
$
196.5

 
$
(19.1
)

Other operating charges and credits,net presented above includes both those items directly related to LP as well as those reflected in Equity in (income) loss of unconsolidated affiliates