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Retirement Plans and Post Retirement Benefits (Tables) | 12 Months Ended
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Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract] |
Schedule of Net Benefit Costs and Assumptions Used in Calculating Net Periodic Benefit Cost [Table Text Block] | The components of LP’s net periodic pension costs and the assumptions related to those costs consisted of the following:
| Year ended December 31,
Dollar amounts in millions | 2015 |  | 2014 |  | 2013
Service cost | $ | 3.8 |  |  | $ | 3.5 |  |  | $ | 3.4 |
Interest cost | 13.1 |  |  | 14.1 |  |  | 12.7 |
Expected return on plan assets | (15.0 | ) |  | (16.9 | ) |  | (16.5 | )
Amortization of prior service cost and net transition asset | 0.5 |  |  | — |  |  | 0.3 |
Amortization of net actuarial loss | 6.8 |  |  | 5.5 |  |  | 7.3 |
Net periodic pension cost | $ | 9.2 |  |  | $ | 6.2 |  |  | $ | 7.2 |
Loss (gain) due to settlement | $ | 0.8 |  |  | $ | — |  |  | $ | — |
Discount rate | 3.8 | % |  | 4.6 | % |  | 3.8 | %
Weighted rate of compensation increase | 0.7 | % |  | 0.8 | % |  | 0.7 | %
Weighted expected return on plan assets | 6.0 | % |  | 6.7 | % |  | 6.6 | %
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | Other changes in plan assets and benefit obligations recognized in other comprehensive income (OCI):
| Year ended December 31,
Dollar amounts in millions | 2015 |  | 2014 |  | 2013
Net actuarial (gain) loss | $ | 0.8 |  |  | $ | 44.2 |  |  | $ | (35.9 | )
Amortization of net actuarial loss | (7.6 | ) |  | (5.5 | ) |  | (7.3 | )
Amortization of prior service cost | (0.5 | ) |  | 9.4 |  |  | (0.3 | )
Foreign exchange rate changes | (0.1 | ) |  | — |  |  | 0.2 |
Total recognized in OCI | $ | (7.4 | ) |  | $ | 48.1 |  |  | $ | (43.3 | )
Schedule of Net Funded Status and Assumptions Used in Calculating Benefit Obligation [Table Text Block] | The projected benefit obligation is the actuarial present value of benefits attributable to employee service rendered to date, including the effects of estimated salary increases. The benefit plan obligation, funded status and the assumptions related to the obligations as of the measurement date for each year presented as of December 31 follow:
| December 31,
Dollar amounts in millions | 2015 |  | 2014
Change in benefit obligation: |  |  |
Beginning of year balance | $ | 364.1 |  |  | $ | 322.1 |
Service cost | 3.8 |  |  | 3.5 |
Interest cost | 13.1 |  |  | 14.1 |
Actuarial (gain)/loss | (19.4 | ) |  | 37.4 |
Plan amendments | — |  |  | 9.4 |
Foreign exchange rate changes | (9.7 | ) |  | (5.3 | )
Benefits paid | (21.1 | ) |  | (17.1 | )
End of year balance | $ | 330.8 |  |  | $ | 364.1 |
Change in assets (fair value): |  |  |
Beginning of year balance | $ | 268.0 |  |  | $ | 270.3 |
Actual return on plan assets | (5.2 | ) |  | 10.2 |
Employer contribution | 4.9 |  |  | 9.6 |
Foreign exchange rate changes | (9.2 | ) |  | (5.0 | )
Benefits paid | (21.1 | ) |  | (17.1 | )
End of year balance | $ | 237.4 |  |  | $ | 268.0 |
Funded status | $ | (93.4 | ) |  | $ | (96.1 | )
Weighted average assumptions for obligations as of measurement date |  |  |
Discount rate for obligations | 3.8 | % |  | 3.8 | %
Rate of compensation increase | 0.6 | % |  | 0.6 | %
Schedule of Amounts Recognized in Balance Sheet [Table Text Block] | The amounts recognized in LP’s Consolidated Balance Sheets as of December 31 consist of the following:
Dollar amounts in millions | 2015 |  | 2014
Noncurrent pension assets, included in “Other assets” | $ | 0.5 |  |  | $ | 0.6 |
Current pension liabilities, included in “Accounts payable and accrued liabilities” | (3.7 | ) |  | (2.7 | )
Noncurrent pension liabilities, included in “Other long-term liabilities” | (90.2 | ) |  | (93.8 | )
Total | $ | (93.4 | ) |  | $ | (95.9 | )
Amounts recognized in other comprehensive income—pre-tax |  |  |
Net actuarial loss | $ | 140.8 |  |  | $ | 149.6 |
Prior service cost | 9.0 |  |  | 9.5 |
Total | $ | 149.8 |  |  | $ | 159.1 |
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] | The amounts of accumulated other comprehensive income that is expected to be amortized as expense during 2016 is:
Dollar amounts in millions |
Net actuarial loss | $ | 5.3 |
Prior service cost | 0.5 |
Total | $ | 5.8 |
Schedule of Expected Benefit Payments [Table Text Block] | The benefits expected to be paid from the benefit plans, which reflect expected future service, are as follows:
Dollar amounts in millions |
Year |
2016 | 22.6 |
2017 | 27.6 |
2018 | 19.1 |
2019 | 19.6 |
2020 | 20.3 |
2021– 2025 | 105.4 |
Schedule of Allocation of Plan Assets [Table Text Block] | The actual and target allocations at the measurement dates are as follows:
| Target Allocation 2015 |  | Actual Allocation
2015 |  | 2014
Asset category |  |  |  |  |
US Plans |  |  |  |  |
Equity securities | 38.0 | % |  | 37.7 | % |  | 50.4 | %
Debt securities | 17.0 | % |  | 17.0 | % |  | 36.3 | %
Multi-Strategy Funds | 45.0 | % |  | 44.6 | % |  | 12.4 | %
Other, including cash and cash equivalents | — | % |  | 0.7 | % |  | 0.9 | %
Total Allocation for US Plans | 100.0 | % |  | 100.0 | % |  | 100.0 | %
Non-US Plans |  |  |  |  |
Equity securities | 27.0 | % |  | 27.9 | % |  | 28.0 | %
Debt securities | 71.0 | % |  | 71.2 | % |  | 71.7 | %
Other, including cash and cash equivalents | 2.0 | % |  | 0.9 | % |  | 0.3 | %
Total Allocation for Non-US Plans | 100.0 | % |  | 100.0 | % |  | 100.0 | %
The fair value of LP’s pension plan assets at December 31, 2015 and December 31, 2014, fair value asset categories and the level of inputs as defined in Note 3 are as follows:
Dollar amounts in millions Asset Category | December 31, 2015 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Equity investment funds:(a) |  |  |  |  |  |  |
Domestic stock funds | $ | 50.7 |  |  | $ | 39.0 |  |  | $ | 11.7 |  |  | $ | — |
International stock funds | 34.0 |  |  | 11.7 |  |  | 22.3 |  |  | — |
Fixed income investment funds:(b) |  |  |  |  |  |  |
Domestic bond funds | 32.1 |  |  | 32.1 |  |  | — |  |  | — |
International bond funds | 34.5 |  |  | — |  |  | 34.5 |  |  | — |
Multi-strategy funds(c) | 84.2 |  |  | 70.9 |  |  | — |  |  | 13.3 |
Cash & cash equivalents | 1.9 |  |  | — |  |  | 1.9 |  |  | — |
Total | $ | 237.4 |  |  | $ | 153.7 |  |  | $ | 70.4 |  |  | $ | 13.3 |
_______________
(a) | Equity investments include investments in funds that are primarily invested in large capitalization U.S. and international equity securities and a mutual fund.
(b) | Fixed income investments include investments in funds that are primarily invested in a diversified portfolio of investment grade U.S. and international debt securities.
(c) | The multi-strategy funds invest in various hedge funds that employ a fund of funds strategy.
Dollar amounts in millions Asset Category | December 31, 2014 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Equity investment funds:(a) |  |  |  |  |  |  |
Domestic stock funds | $ | 84.5 |  |  | $ | 71.4 |  |  | $ | 13.1 |  |  | $ | — |
International stock funds | 37.9 |  |  | 12.8 |  |  | 25.1 |  |  | — |
Fixed income investment funds:(b) |  |  |  |  |  |  |  |
Domestic bond funds | 62.5 |  |  | 62.5 |  |  | — |  |  | — |
International bond funds | 40.9 |  |  | — |  |  | 40.9 |  |  | — |
Diversified real asset funds | 13.9 |  |  | 13.9 |  |  | — |  |  | — |
Multi-strategy funds(c) | 26.1 |  |  | — |  |  | — |  |  | 26.1 |
Cash & cash equivalents | 2.2 |  |  | — |  |  | 2.2 |  |  | — |
Total | $ | 268.0 |  |  | $ | 160.6 |  |  | $ | 81.3 |  |  | $ | 26.1 |
_______________
(a) | Equity investments include investments in funds that are primarily invested in large capitalization U.S. and international equity securities and a mutual fund.
(b) | Fixed income investments include investments in funds that are primarily invested in a diversified portfolio of investment grade U.S. and international debt securities.
(c) | The multi-strategy funds invest in various hedge funds that employ a fund of funds strategy.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block] | The following table summarizes assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the period.
Dollar amounts in millions | Multi-Strategy Funds |  | Real Estate |  | Total
Balance at January 1, 2014 | $ | 25.2 |  |  | $ | 16.5 |  |  | $ | 41.7 |
Total unrealized gains (losses) | 0.8 |  |  | — |  |  | 0.8 |
Net income | — |  |  | — |  |  | — |
Contribution (redemption) | — |  |  | (16.5 | ) |  | (16.5 | )
Management fees | 0.1 |  |  | — |  |  | 0.1 |
Balance at December 31, 2014 | $ | 26.1 |  |  | $ | — |  |  | $ | 26.1 |
Contribution (redemption) | $ | (13.0 | ) |  | $ | — |  |  | $ | (13.0 | )
Management fees | 0.2 |  |  | — |  |  | 0.2 |
Balance at December 31, 2015 | $ | 13.3 |  |  | $ | — |  |  | $ | 13.3 |

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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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