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Notes Receivable from Asset Sales | 12 Months Ended
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Dec. 31, 2014
Notes Receivable From Asset Sales [Abstract] |
Notes Receivables From Asset Sales [Text Block] |
6. | NOTES RECEIVABLE FROM ASSET SALES
Notes receivable from asset sales are related to transactions that occurred during 1997, 1998 and 2003. The 1997 and 1998 notes receivable provide collateral for LP’s limited recourse notes payable and the 2003 notes receivable provide collateral for LP’s non-recourse notes payable (see Note 12). LP monitors the collectability of these notes on a regular basis.
Dollar amounts in millions | Interest Rate 2014 | December 31,
2014 |  | 2013
Notes receivable (secured), maturing 2018, interest rates fixed | 7.3 | % | 22.2 |  |  | 22.2 |
Notes receivable (secured), maturing 2018, interest rate variable |  | 410.0 |  |  | 410.0 |
Total |  | 432.2 |  |  | 432.2 |
Current portion |  | — |  |  | — |
Long-term portion |  | $ | 432.2 |  |  | $ | 432.2 |
The weighted average interest rate for all notes receivable from asset sales at December 31, 2014 and 2013 was approximately 0.8% for both years. The remaining notes of $432.2 million mature in 2018. LP estimates that the fair value of these notes at December 31, 2014 and 2013 was approximately $438.0 million for both years.

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