v3.25.2
BUSINESS SEGMENTS - Reconciliation of Business Segment Information in Consolidated Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting, Revenue Reconciling Item        
Net sales to unaffiliated customers $ 1,884 $ 1,939 $ 3,647 $ 3,735
Total sales 1,884 1,939 3,647 3,735
Net contribution (charge) to earnings 165 273 330 474
Costs of sales 1,559 1,535 2,987 2,976
Gross margin 325 404 660 759
Selling expenses 23 22 46 44
General and administrative expenses 114 116 233 236
Other segment items 23 (7) 51 5
Intersegment eliminations        
Segment Reporting, Revenue Reconciling Item        
Total sales (156) (146) (308) (280)
Unallocated items        
Segment Reporting, Revenue Reconciling Item        
Net sales to unaffiliated customers 0 0 0 0
Total sales (156) (146) (308) (280)
Net contribution (charge) to earnings (75) (63) (174) (130)
Costs of sales (144) (146) (271) (268)
Gross margin (12) 0 (37) (12)
Selling expenses 0 0 1 1
General and administrative expenses 44 46 93 95
Other segment items 19 17 43 22
Timberlands        
Segment Reporting, Revenue Reconciling Item        
Total sales 373 409 755 796
Timberlands | Operating Segments        
Segment Reporting, Revenue Reconciling Item        
Net sales to unaffiliated customers 373 409 755 796
Total sales 529 555 1,063 1,076
Net contribution (charge) to earnings 88 81 190 161
Costs of sales 416 450 825 865
Gross margin 113 105 238 211
Selling expenses 1 0 1 0
General and administrative expenses 24 25 48 50
Other segment items 0 (1) (1) 0
Timberlands | Intersegment eliminations        
Segment Reporting, Revenue Reconciling Item        
Total sales 156 146 308 280
Real Estate & ENR        
Segment Reporting, Revenue Reconciling Item        
Total sales 154 109 248 216
Real Estate & ENR | Operating Segments        
Segment Reporting, Revenue Reconciling Item        
Net sales to unaffiliated customers 154 109 248 216
Total sales 154 109 248 216
Net contribution (charge) to earnings 106 59 162 119
Costs of sales 44 46 76 87
Gross margin 110 63 172 129
Selling expenses 0 0 0 0
General and administrative expenses 6 8 13 14
Other segment items (2) (4) (3) (4)
Real Estate & ENR | Intersegment eliminations        
Segment Reporting, Revenue Reconciling Item        
Total sales 0 0 0 0
Wood Products        
Segment Reporting, Revenue Reconciling Item        
Total sales 1,357 1,421 2,644 2,723
Wood Products | Operating Segments        
Segment Reporting, Revenue Reconciling Item        
Net sales to unaffiliated customers 1,357 1,421 2,644 2,723
Total sales 1,357 1,421 2,644 2,723
Net contribution (charge) to earnings 46 196 152 324
Costs of sales 1,243 1,185 2,357 2,292
Gross margin 114 236 287 431
Selling expenses 22 22 44 43
General and administrative expenses 40 37 79 77
Other segment items 6 (19) 12 (13)
Wood Products | Intersegment eliminations        
Segment Reporting, Revenue Reconciling Item        
Total sales $ 0 $ 0 $ 0 $ 0