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Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales $ 1,325.0 $ 548.0 $ 2,342.0 $ 1,133.0
Cost of sales (619.0) (431.0) (1,157.0) (908.0)
Gross Profit 707.0 117.0 1,185.0 225.0
Selling, general, and administrative expenses (57.0) (50.0) (105.0) (105.0)
Loss on impairment 0.0 (8.0) 0.0 (15.0)
Other Operating Charges And Credits, Net 3.0 (6.0) 3.0 (8.0)
Income from operations 653.0 53.0 1,083.0 97.0
Non-operating income (expense):        
Interest Expense (4.0) (6.0) (9.0) (12.0)
Investment income, net of adjustments 0.0 4.0    
Other non-operating items (6.0) (1.0) (16.0) 4.0
Income before income taxes 644.0 50.0 1,059.0 92.0
Provision for income taxes (147.0) (19.0) (244.0) (28.0)
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions 1.0 0.0 2.0 0.0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total 497.0 31.0 817.0 64.0
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 0.0 (2.0) (1.0) (2.0)
Net income attributed to LP $ 498.0 $ 33.0 $ 818.0 $ 66.0
Basic net income per share of common stock:        
Net income per share - basic $ 4.93 $ 0.29 $ 7.90 $ 0.59
Diluted net income per share of common stock        
Net income per share - diluted $ 4.90 $ 0.29 $ 7.85 $ 0.58
Basic 101,000,000 112,000,000 103,000,000 112,000,000
Weighted average shares of stock outstanding - diluted 102,000,000 113,000,000 104,000,000 113,000,000