Other Intangible Assets

12 Months Ended

Dec. 31, 2014

Intangible Assets Disclosure [Text Block]

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in goodwill for the year ended December 31, 2014 and 2013 are provided in the following table:



Dollar amounts in millions	2014	2013
Beginning balance December 31,	9.7	—
Additions	—	9.7
Total goodwill	9.7	9.7

LP has recorded other intangible assets in its Consolidated Balance Sheets, as follows:



	December 31,
Dollar amounts in millions	2014		2013
Timber licenses (recorded as part of Timber and Timberlands)	$	64.8	$	68.2
Other	0.1		0.1
Total	$	64.9	$	68.3

Included in the balance of timber and timberlands are values allocated to Canadian forest licenses in the purchase price allocations for Le Groupe Forex (Forex), Peace Valley OSB and the assets of Evans Forest Products. The initial value of these licenses was $111.8 million and are amortized over the estimated useful life of twenty to twenty-five years.

Amortization of the above intangible asset over the next five years is as follows:



Dollar amounts in millions
Year ended December 31,
2015	$	3.3
2016	3.3
2017	4.1
2018	4.1
2019	4.1