Gain (loss) on sales or impairment of long lived assets

12 Months Ended

Dec. 31, 2016

GAIN (LOSS) ON SALE OF AND IMPAIRMENT OF LONG-LIVED ASSETS, NET [Abstract]

Details of Impairment of Long-Lived Assets Held and Used by Asset [Table Text Block]

LOSS) ON SALE OR IMPAIRMENT OF LONG-LIVED ASSETS

The major components of “Gain (Loss) on sale or impairment of long-lived assets” in the Consolidated Statements of Income for the years ended December 31 are reflected in the table below and are described in the paragraphs following the table:

Dollar amounts in millions	Year ended December 31,
	2016			2015			2014
Impairment charges on long-lived assets	$	(0.8	)	$	(1.5	)	$	—
Gain (loss) on sale or other disposition of other long-lived assets	9.2			(0.6		)	3.1
	$	8.4		$	(2.1	)	$	3.1

2016

During 2016, LP recorded a net gain on sale of long-lived assets of $8.4 million. This net gain includes the following items:

• a loss of $0.8 million related to the impairment on certain manufacturing assets associated with various OSB mills;

• a gain of $10.6 million related to the exchange of an idled OSB mill; and

• a loss of $1.4 million related to the disposal of various assets no longer used.

2015

During 2015, LP recorded a net loss on sale of long-lived assets of $2.1 million. This net loss includes the following items:

• a loss of $1.2 million related to the impairment on certain manufacturing assets associated with various OSB mills;

• a loss of $0.3 million related to the write-off of certain logging roads associated to the Chambord timber license (see Note 16 for further discussion); and

• a loss of $0.6 million related to the disposal of various assets no longer used.

2014

During 2014, LP recorded a net gain on sale of long-lived assets of $3.1 million. This net gain includes the following items:

• a gain of $3.7 million related to the sale of the Athens Georgia facility; and

• a loss of $0.6 million associated with the retirement of environmental equipment.