In August 2021, the Company completed the sale of its lumber and newsprint facilities and certain related assets located in Canada. As part of the sale of the lumber assets, the Company retained all refund rights and obligations, including interest, to softwood lumber duties generated or incurred through the closing date of the sale. In June 2024, the Company sold these refund rights, including all accrued interest, for $39 million, with the opportunity for additional sale proceeds in the future contingent upon the timing and terms of the ultimate outcome of the trade dispute between the USDOC and Canada. The Company recorded a pre-tax loss of $1 million on the sale.

During the quarters ended June 28, 2025 and June 29, 2024, the Company recognized $4 million and $5 million of pre-tax income related to CEWS benefit claims deferred since 2021. See Note 7—Accrued and Other Current Liabilities for further information.


	Three Months Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024



Loss on sale of duty refund rights	$	—	$	(890)	$	—	$	(890)
Other operating income	3,632		5,267		3,632		5,267
Operating income	3,632		4,377		3,632		4,377


Income from discontinued operations before income tax	3,632		4,377		3,632		4,377
Income tax expense	(962)		(1,160)		(962)		(1,160)
Income from discontinued operations, net of tax	$	2,670	$	3,217	$	2,670	$	3,217