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Other Operating Credits and Charges, Net
 12 Months Ended
Dec. 31, 2016
Other Operating Credits And Charges, Net [Abstract]  
Other Operating Credits And Charges Net [Text Block}
OTHER OPERATING CREDITS AND CHARGES, NET
The major components of “Other operating credits and charges, net” in the Consolidated Statements of Income for the years ended December 31 are reflected in the table below and described in the paragraphs following the table: 
Dollar amounts in millions
Year ended December 31,
2016
 
2015
 
2014
Insurance recovery
$
—

 
$
—

 
$
0.5

Contingent consideration fair value adjustment
—

 
0.2

 
3.2

Addition to workers' compensation reserves
—

 
—

 
(0.4
)
Adjustments to retirement accounts
—

 
(0.8
)
 
—

Gain due to forfeiture of deposit
—

 
—

 
1.0

Loss related to intangible forest license
—

 
(11.6
)
 
—

Loss due to marketing settlement
—

 
(1.0
)
 
—

Adjustment to product related warranty reserves
(16.9
)
 
1.4

 
(11.3
)
Additions to environmental related contingency reserves and asset retirement obligations
—

 
(4.6
)
 
(0.5
)
Other
(0.5
)
 
0.1

 
—

 
$
(17.4
)

$
(16.3
)

$
(7.5
)
Other operating charges and credits associated with unconsolidated affiliates:
 
 
 
 
 
  Valuation allowance associated with deferred taxes
—

 
0.7

 
1.0

 
$
—


$
0.7


$
1.0


2016
During 2016, LP recorded a $17.4 million loss in "Other operating credits and charges, net". The components of the net charges include:
•
a loss of $16.9 million related to an increase in product related warranty reserves and a related adjustment of $0.5 million to value added taxes associated with CanExel products sold in specific geographic locations and for a specific time period.

2015
During 2015, LP recorded a $16.3 million loss in "Other operating credits and charges, net". The components of the net charges include:
•
a gain of $0.2 million related to fair market value adjustments to the contingent consideration payable in connection with a business combination (see Note 3 for additional discussions on fair value measurements);
•
a loss of $0.8 million related to a pension settlement (see Note 14 for additional discussion);
•
a write-off of $11.6 million related to the cancellation of an intangible forest license by the Ministry of Forestry in Quebec associated with an indefinitely curtailed OSB mill;
•
a loss of $1.0 million due to a marketing settlement with a customer;
•
a gain of $1.4 million related to an decrease in product related warranty reserves associated with SmartSide siding products due to reduced claims activity; and
•
a loss of $4.6 million related to an increase in environmental reserves and related asset retirement obligations associated with a site where LP previously operated a vinyl siding manufacturing facility.

Additionally, other operating charges and credits reflected in Equity in (income) loss from unconsolidated affiliates includes a gain of $0.7 million associated with the reduction of a valuation allowance on the joint venture's books associated with deferred tax assets.
2014
During 2014, LP recorded a $7.5 million loss in "Other operating credits and charges, net". The components of the net charges include:
•
a gain of $0.5 million related to to proceeds received from an insurance claim;
•
a gain of $3.2 million in relation to the fair market value adjustment of the contingent consideration payable in connection with a business combination. (see Note 3for additional discussions on fair value measurements);
•
a loss of $0.4 million associated with a workers' compensation reserve adjustment at an OSB mill;
•
a gain of $1.0 million due to the forfeiture of a deposited posted with LP in relation to assets held for sale;
•
a loss of $11.3 million related to an increase in product related warranty reserves associated with CanExel products sold in specific geographic locations and for a specific time period; and
•
a loss of $0.5 million related to an increase in environmental reserves associated with a previously owned plywood mill.

Additionally, other operating charges and credits reflected in Equity in (income) loss from unconsolidated affiliates includes a gain of $1.0 million associated with a reduction of a valuation allowance on the joint venture's books associated with deferred tax assets.