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Earnings per Share (Tables) (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Basic earnings per share are based on the weighted-average number of shares of common stock outstanding. Diluted earnings per share are based upon the weighted-average number of shares of common stock outstanding plus all potentially dilutive securities that were assumed to be converted into common shares at the beginning of the period under the treasury stock method. LP's potentially dilutive securities consist of restricted stock, restricted stock units, performance share awards, and SSARs.
Share amounts in millions
Quarter Ended September 30,
 
Nine Months Ended September 30,
2017
 
2016
 
2017
 
2016
Denominator for basic earnings per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
144.5

 
143.7

 
144.4

 
143.3

Effect of dilutive securities:
 
 
 
 
 
 
 
Dilutive effect of stock warrants

 
0.2

 

 
0.2

Dilutive effect of employee stock plans
2.0

 
1.5

 
1.9

 
1.7

Dilutive potential common shares
2.0

 
1.7

 
1.9

 
1.9

Denominator for diluted earnings per share:
 
 
 
 
 
 
 
Weighted average shares outstanding - diluted
146.5

 
145.4

 
146.3

 
145.2