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Consolidated Statement of Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales $ 1,017.0 $ 585.0
Cost of sales (538.0) (477.0)
Gross Profit 479.0 108.0
Selling, general, and administrative expenses (48.0) (55.0)
Loss on impairment 0.0 (7.0)
Other Operating Charges And Credits, Net 0.0 (2.0)
Income from operations 431.0 44.0
Non-operating income (expense):    
Interest Expense (5.0) (5.0)
Investment income, net of adjustments 0.0 (2.0)
Other non-operating items (10.0) 5.0
Income before income taxes 416.0 42.0
Provision for income taxes (96.0) (9.0)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total 320.0 33.0
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest (1.0) 0.0
Net income attributed to LP $ 320.0 $ 33.0
Basic net income per share of common stock:    
Net income per share - basic $ 3.02 $ 0.29
Diluted net income per share of common stock    
Net income per share - diluted $ 3.00 $ 0.29
Basic 106,000,000 112,000,000
Weighted average shares of stock outstanding - diluted 107,000,000 113,000,000