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Segment Information | 12 Months Ended
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Dec. 31, 2011
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION LP operates in four segments: Oriented Strand Board (OSB); Siding; Engineered Wood Products (EWP) and South America. LP’s business units have been aggregated into these four segments based upon the similarity of economic characteristics, customers and distribution methods. LP’s results of operations are summarized below for each of these segments separately as well as for the “other” category which comprises other products that are not individually significant. Segment information was prepared in accordance with the same accounting principles as those described in Note 1. In the current year, the Company recast the prior year presentation of its reportable segments to show South American operations as a separate segment based upon the attainment of certain thresholds as defined by the Financial Accounting Standards Board (“FASB”). LP evaluates the performance of its business segments based upon operating profits excluding other operating credits and charges, net, gain (loss) on sales of and impairments of long-lived assets, general corporate and other expenses, translation gains and losses, interest and income taxes. The OSB segment includes OSB products produced in North America. The siding segment includes Smart Side® siding products; Canexel siding products; and other related products. The engineered wood products segment includes laminated veneer lumber and laminated strand lumber; I-joists; plywood; and other related products. The South America segment includes products produced and or sold (generally OSB) in South America. Information about LP’s product segments is as follows:
| Year ended December 31,
Dollar amounts in millions | 2011 |  | 2010 |  | 2009
SALES BY BUSINESS SEGMENT |  |  |  |  |
OSB | $ | 542.0 |  |  | $ | 602.7 |  |  | $ | 408.8 |
Siding | 429.8 |  |  | 427.8 |  |  | 379.4 |
Engineered Wood Products | 203.3 |  |  | 192.0 |  |  | 157.7 |
South America | 144.9 |  |  | 124.7 |  |  | 79.1 |
Other products | 39.4 |  |  | 42.9 |  |  | 37.9 |
Intersegment Sales | (2.5 | ) |  | (6.5 | ) |  | (1.9 | )
Total sales | $ | 1,356.9 |  |  | $ | 1,383.6 |  |  | $ | 1,061.0 |
PROFIT (LOSS) BY BUSINESS SEGMENT |  |  |  |  |
OSB | $ | (63.5 | ) |  | $ | 25.8 |  |  | $ | (65.1 | )
Siding | 42.0 |  |  | 51.3 |  |  | 29.3 |
Engineered Wood Products | (15.5 | ) |  | (21.3 | ) |  | (33.1 | )
South America | 11.6 |  |  | 7.2 |  |  | 0.4 |
Other products | (12.5 | ) |  | (1.1 | ) |  | 0.4 |
Other operating credits and charges, net | 11.2 |  |  | (0.1 | ) |  | (1.6 | )
Gain (loss) on sales of and impairments of long-lived assets | (73.9 | ) |  | (2.4 | ) |  | 2.5 |
General corporate and other expense, net | (66.4 | ) |  | (73.4 | ) |  | (76.5 | )
Investment income | 28.7 |  |  | 38.4 |  |  | 47.7 |
Interest expense, net of capitalized interest | (56.9 | ) |  | (63.9 | ) |  | (74.6 | )
Other-than-temporary investment impairment | (14.8 | ) |  | (17.0 | ) |  | (2.0 | )
Other non-operating income (expense) | (1.0 | ) |  | 2.2 |  |  | (7.3 | )
Income (loss) from continuing operations before taxes | (211.0 | ) |  | (54.3 | ) |  | (179.9 | )
Provision (benefit) for income taxes | (39.1 | ) |  | (22.1 | ) |  | (63.4 | )
Income (loss) from continuing operations | $ | (171.9 | ) |  | $ | (32.2 | ) |  | $ | (116.5 | )
| Year ended December 31,
| 2011 |  | 2010 |  | 2009
DEPRECIATION AND AMORTIZATION |  |  |  |  |
OSB | $ | 36.3 |  |  | $ | 37.4 |  |  | $ | 35.2 |
Siding | 15.5 |  |  | 18.1 |  |  | 18.5 |
Engineered Wood Products | 12.6 |  |  | 13.1 |  |  | 12.2 |
South America | 11.6 |  |  | 10.0 |  |  | 9.4 |
Other products | 0.8 |  |  | 1.1 |  |  | 1.3 |
Non-segment related | 2.1 |  |  | 2.3 |  |  | 3.4 |
Total depreciation and amortization | $ | 78.9 |  |  | $ | 82.0 |  |  | $ | 80.0 |
CAPITAL EXPENDITURES |  |  |  |  |
OSB | $ | 8.9 |  |  | $ | 7.1 |  |  | $ | 2.5 |
Siding | 5.9 |  |  | 5.6 |  |  | 4.5 |
Engineered Wood Products | 2.0 |  |  | 0.4 |  |  | 0.2 |
South America | 2.7 |  |  | 1.1 |  |  | 2.2 |
Other products | 0.2 |  |  | — |  |  | 0.1 |
Non-segment related | 1.7 |  |  | 0.3 |  |  | 0.1 |
Total capital expenditures | $ | 21.4 |  |  | $ | 14.5 |  |  | $ | 9.6 |
Information concerning identifiable assets by segment is as follows:
In millions | December 31,
2011 |  | 2010
IDENTIFIABLE ASSETS |  |  |
OSB | $ | 525.6 |  |  | $ | 617.2 |
Siding | 167.1 |  |  | 177.2 |
Engineered Wood Products | 141.4 |  |  | 223.7 |
South America | 156.6 |  |  | 209.0 |
Other products | 33.6 |  |  | 48.5 |
Non-segment related | 1,115.6 |  |  | 1,135.0 |
Total assets | $ | 2,139.9 |  |  | $ | 2,410.6 |
Non-segment related assets include long-term notes receivable, cash and cash equivalents, short-term and long-term investments, corporate assets, assets held for sale and other items. Information concerning LP’s geographic segments is as follows:
| Year ended December 31,
Dollars in millions | 2011 |  | 2010 |  | 2009
GEOGRAPHIC SEGMENTS: |  |  |  |  |
Total Sales—Point of origin |  |  |  |  |
U.S. | $ | 991 |  |  | $ | 1,015 |  |  | $ | 813 |
Canada | 280 |  |  | 314 |  |  | 273 |
South America | 145 |  |  | 125 |  |  | 79 |
Intersegment sales | (59 | ) |  | (70 | ) |  | (104 | )
Total Sales | $ | 1,357 |  |  | $ | 1,384 |  |  | $ | 1,061 |
Operating profit (loss) |  |  |  |  |
U.S. | $ | 14 |  |  | $ | 55 |  |  | $ | (6 | )
Canada | (64 | ) |  | — |  |  | (62 | )
South America | 12 |  |  | 7 |  |  | — |
Other operating credits and charges, net and gain (loss) on sales of and impairments of long-lived assets | (63 | ) |  | (3 | ) |  | 1 |
General corporate expense, other-than-temporary investment impairment, loss on early debt extinguishment, realized gain on long term investments, translation gains (losses) and interest, net | (110 | ) |  | (113 | ) |  | (113 | )
| (211 | ) |  | (54 | ) |  | (180 | )
Benefit)for income taxes | (39 | ) |  | (22 | ) |  | (63 | )
Loss from continuing operations | $ | (172 | ) |  | $ | (32 | ) |  | $ | (117 | )
Identifiable tangible long-lived assets |  |  |  |  |
U.S. | $ | 576 |  |  | $ | 683 |  |  | $ | 729 |
Canada | 158 |  |  | 172 |  |  | 186 |
South America | 107 |  |  | 127 |  |  | 127 |
Total assets | $ | 841 |  |  | $ | 982 |  |  | $ | 1,042 |
Certain corrections have been made to the presentation of Identifiable tangible long-lived assets to exclude LP’s Canadian timber licenses which were deemed intangible. Such corrections were not considered material. In

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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