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Consolidated Statement of Income (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 362.4 $ 447.5 $ 694.1 $ 744.5
Operating costs and expenses:        
Cost of sales 336.3 346.3 631.3 614.3
Depreciation and amortization 20.2 22.4 41.6 42.8
Selling and administrative 27.6 29.4 56.4 59.5
(Gain) loss on sale or impairment of long-lived assets, net 2.5 (0.1) 8.0 1.2
Other operating credits and charges, net (0.6) 0.6 (1.4) 0.5
Total operating costs and expenses 386.0 398.6 735.9 718.3
Income (loss) from operations (23.6) 48.9 (41.8) 26.2
Non-operating income (expense):        
Interest expense, net of capitalized interest (14.4) (17.7) (28.4) (34.5)
Investment income 3.5 4.3 7.5 10.2
Other non-operating items 0.6 (0.1) 2.4 1.4
Total non-operating expense (10.3) (13.5) (18.5) (22.9)
Income (loss) from continuing operations before taxes and equity in losses of unconsolidated affiliates (33.9) 35.4 (60.3) 3.3
Provision (benefit) for income taxes (8.4) 12.7 (15.2) 2.4
Equity in loss (income) of unconsolidated affiliates 7.4 (0.9) 10.7 (0.2)
Income (loss) from continuing operations (32.9) 23.6 (55.8) 1.1
Loss from discontinued operations before taxes (4.1) (2.0) (4.1) (2.3)
Benefit for income taxes (1.6) (0.8) (1.6) (0.9)
Loss from discontinued operations (2.5) (1.2) (2.5) (1.4)
Net income (loss) (35.4) 22.4 (58.3) (0.3)
Less: Net income (loss) attributed to non-controlling interest 0.1 0.1 0.2 (0.1)
Net income (loss) attributed to Louisiana-Pacific Corporation (35.5) 22.3 (58.5) (0.2)
Net income (loss) per share of common stock (basic):        
Income (loss) from continuing operations $ (0.25) $ 0.18 $ (0.43) $ 0.01
Loss from discontinued operations $ (0.02) $ (0.01) $ (0.02) $ (0.01)
Net income (loss) per share $ (0.27) $ 0.17 $ (0.45) $ 0.00
Net income (loss) per share of common stock (diluted):        
Income (loss) from continuing operations $ (0.25) $ 0.17 $ (0.43) $ 0.01
Loss from discontinued operations diluted $ (0.02) $ (0.01) $ (0.02) $ (0.01)
Net income (loss) per share diluted $ (0.27) $ 0.16 $ (0.45) $ 0.00
Average shares of stock outstanding - basic 131.4 128.5 131.3 127.2
Average shares of stock outstanding - diluted 131.4 139.8 131.3 138.2
Amounts attributed to LP Corporation common shareholders        
Income (loss) from continuing operations, net of tax (33.0) 23.5 (56.0) 1.2
Loss from discontinued operations, net of tax (2.5) (1.2) (2.5) (1.4)
Net loss attributed to Louisiana-Pacific Corporation $ (35.5) $ 22.3 $ (58.5) $ (0.2)