Defined Benefit Pension Plans

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Compensation and Employee Benefit Plans

DEFINED BENEFIT PENSION PLANS

The following table sets forth the net periodic pension cost for LP’s defined benefit pension plans during the quarter and six months ended June 30, 2014 and 2013. The net periodic pension cost included the following components:

	Quarter Ended June 30,						Six Months Ended June 30,
Dollar amounts in millions	2014			2013			2014			2013
Service cost	$	0.9		$	0.8		$	1.9		$	1.6
Interest cost	3.6			3.3			7.3			6.5
Expected return on plan assets	(4.2		)	(4.1		)	(8.5		)	(8.2		)
Amortization of prior service cost	—			—			—			0.1
Amortization of net loss	1.4			1.9			2.8			3.7
Net periodic pension cost	$	1.7		$	1.9		$	3.5		$	3.7

During the six months ended June 30, 2014 and 2013, LP recognized $3.5 million and $3.7 million of pension expense for all of LP's defined benefit pension plans.

During the six months ended June 30, 2014, LP made $2.2 million in pension contributions for LP's Canadian benefit plans. LP expects to contribute $11.0 million to $13.0 million to its pension plans in 2014.