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Investments in and Advances to Affiliates | 12 Months Ended
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Dec. 31, 2011
Related Party Transactions [Abstract] |
Transactions with Affiliates | INVESTMENTS IN AND ADVANCES TO AFFILIATES LP has investments in affiliates that are accounted for under the equity method based upon the specific terms of the agreement as well as advances to affiliates. The significant components of these investments and advances are as follows: At December 31, 2011 LP’s significant equity method investees, its approximate ownership interest and principal business activity in each investee were as follows:
| Ownership % |  |
U.S. GreenFiber | 50 | % |  | Established to manufacture and sell cellulose insulation products.
Abitibi—LP | 50 | % |  | Established to construct and operate jointly owned I-Joist facilities in Quebec, Canada.
Canfor—LP | 50 | % |  | Established to construct and operate a jointly owned OSB facility in British Columbia, Canada.
These investments do not meet the Regulation S-X significance test requiring the inclusion of the separate investee financial statements; however based upon the aggregation requirements under S-X, aggregated summarized financial information is required as follows:
| Year ended December 31,
Dollars in millions | 2011 |  | 2010 |  | 2009
Net sales | $ | 188.6 |  |  | $ | 241.9 |  |  | $ | 213.7 |
Net loss | $ | (53.7 | ) |  | $ | (12.8 | ) |  | $ | (21.8 | )
| As of December 31, |  |
Current assets | $ | 50.0 |  |  | $ | 57.3 |  |  |
Long term assets | 168.9 |  |  | 211.4 |  |  |
Total assets | $ | 218.9 |  |  | $ | 268.7 |  |  |
Total liabilities | $ | 41.4 |  |  | $ | 45.1 |  |  |
Equity | 177.5 |  |  | 223.6 |  |  |
Total liabilities and equity | $ | 218.9 |  |  | $ | 268.7 |  |  |
LP sells products and raw materials to the Abitibi-LP entity and purchases products for resale from the Abitibi-LP and Canfor-LP entities. LP eliminates profits on these sales and purchases, to the extent the inventory has not been sold through to third parties, on the basis of its 50% interest. For the years ended December 31, 2011, 2010 and 2009, LP sold $6.0 million, $5.6 million and $5.5 million of products to Abitibi-LP and purchased $33.6 million, $39.6 million and $32.5 million of I-joists from Abitibi-LP. LP also purchased $92.9 million, $109.5 million and $51.0 million of OSB from Canfor-LP for the years ended December 31, 2011, 2010 and 2009. Included in LP’s Consolidated Balance Sheets at December 31, 2011 and 2010 are $0.5 million and $1.6 million in accounts receivable and $2.3 million and $2.4 million in accounts payable due from and to these affiliates. During the year ended December 31, 2011 , LP was required to record an other than temporary impairment of its equity investment in U.S. Greenfiber as LP's current book value exceed the enterprise (fair) value of the investment by $14.8 million. See Note 3 included in this report for additional details.

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- Definition The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 3A -Section 04 -Paragraph b Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 57 -Paragraph 1-4 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 4 -Section 08 -Paragraph k Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 + Details
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