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Selected Segment Data
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Selected Segment Data
SELECTED SEGMENT DATA
LP operates in four segments: Siding, North America Oriented Strand Board (OSB), 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 of the Notes to the financial statements included in LP’s Annual Report on Form 10-K for the year ended December 31, 2016.
 
Quarter Ended June 30,
 
Six Months Ended June 30,
Dollar amounts in millions
2017
 
2016
 
2017
 
2016
Net Sales
 
 
 
 
 
 
 
Siding
$
231.0

 
$
207.2

 
$
445.0

 
$
388.5

OSB
325.0

 
252.8

 
593.4

 
469.8

EWP
94.2

 
78.0

 
176.3

 
149.8

South America
38.7

 
41.0

 
76.5

 
71.5

Other
7.1

 
6.6

 
15.8

 
12.7

Intersegment sales
(1.9
)
 
(3.2
)
 
(2.0
)
 
(5.3
)
 
$
694.1

 
$
582.4

 
$
1,305.0

 
$
1,087.0

Operating profit (loss):
 
 
 
 
 
 
 
Siding
$
48.5

 
$
41.8

 
$
88.7

 
$
68.7

OSB
102.6

 
44.0

 
163.0

 
59.3

EWP
5.1

 
0.5

 
5.7

 
(2.0
)
South America
5.5

 
6.9

 
10.6

 
12.0

Other
(0.9
)
 
(0.2
)
 
(1.1
)
 
(0.6
)
Other operating credits and charges, net
(2.0
)
 
(11.4
)
 
(5.4
)
 
(11.4
)
Gain (loss) on sale or impairment of long-lived assets, net
3.1

 
(0.7
)
 
2.5

 
(0.7
)
General corporate and other expenses, net
(27.3
)
 
(27.2
)
 
(55.6
)
 
(51.2
)
Interest expense, net of capitalized interest
(4.9
)
 
(9.3
)
 
(9.9
)
 
(17.3
)
Investment income
2.3

 
2.1

 
4.3

 
3.9

Other non-operating items
(1.5
)
 
1.4

 
(1.8
)
 
1.9

Income from operations before taxes
130.5

 
47.9

 
201.0

 
62.6

Provision for income taxes
36.0

 
16.2

 
51.5

 
20.6

Net income
$
94.5

 
$
31.7

 
$
149.5

 
$
42.0