v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 333 $ 340
Receivables, net of allowance for doubtful accounts of $1 as of June 30, 2025 and December 31, 2024 168 131
Inventories 370 357
Prepaid expenses and other current assets 24 27
Total current assets 895 855
Timber and timberlands 25 29
Property, plant, and equipment, net 1,639 1,592
Operating lease assets 23 25
Goodwill and other intangible assets 25 26
Investments in and advances to affiliates 18 17
Other assets 23 20
Deferred Tax Assets, Deferred Income 7 4
Total assets 2,656 2,569
LIABILITIES AND EQUITY    
Accounts payable and accrued liabilities 290 287
Accrued Income Taxes, Current 25 11
Total current liabilities 315 299
Long-term Debt and Lease Obligation 348 348
Deferred Income Tax Liabilities, Net 148 145
Operating Lease liability, noncurrent 22 24
Loss Contingency Accrual 26 27
Other long-term liabilities 55 57
Liabilities 914 899
Stockholders' equity:    
Common stock, $1 par value per share, 200 shares authorized; 85 shares issued and 70 shares issued and outstanding, respectively, as of June 30, 2025; and 86 shares issued and 70 shares issued and outstanding, respectively, as of December 31, 2024 85 86
Additional paid-in capital 488 478
Retained earnings 1,659 1,615
Treasury stock, 15 shares and 16 shares at cost as of June 30, 2025 and December 31, 2024, respectively (386) (386)
Accumulated comprehensive loss (104) (122)
Total stockholders' equity 1,742 1,671
Total liabilities and stockholders' equity $ 2,656 $ 2,569