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Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net sales $ 548.0 $ 588.0 $ 1,133.0 $ 1,170.0
Cost of sales (431.0) (510.0) (908.0) (1,011.0)
Gross Profit 117.0 78.0 225.0 159.0
Selling, general, and administrative expenses (50.0) (58.0) (105.0) (114.0)
Loss on impairment (8.0) 0.0 (15.0) (1.0)
Other Operating Charges And Credits, Net (6.0) 3.0 (8.0) 1.0
Income from operations 53.0 23.0 97.0 45.0
Non-operating income (expense):        
Interest Expense (6.0) (4.0) (12.0) (8.0)
Investment income 4.0 2.0 3.0 7.0
Other non-operating items (1.0) (2.0) 4.0 9.0
Income before income taxes 50.0 19.0 92.0 52.0
Provision for income taxes (19.0) (3.0) (28.0) (11.0)
Net income 31.0 16.0 64.0 42.0
Net loss attributed to noncontrolling interest 2.0 2.0 2.0 2.0
Net income attributed to LP $ 33.0 $ 17.0 $ 66.0 $ 44.0
Basic net income per share of common stock:        
Net income per share - basic $ 0.29 $ 0.14 $ 0.59 $ 0.34
Diluted net income per share of common stock        
Net income per share - diluted $ 0.29 $ 0.14 $ 0.58 $ 0.34
Basic 112,000,000 123,000,000 112,000,000 127,000,000
Weighted average shares of stock outstanding - diluted 113,000,000 124,000,000 113,000,000 128,000,000