v3.26.1
REVENUE RECOGNITION (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue by Major Products

A reconciliation of revenue recognized by our major products:

 

 

QUARTER ENDED

 

 

YEAR-TO-DATE ENDED

 

DOLLAR AMOUNTS IN MILLIONS

 

JUNE 2026

 

 

JUNE 2025

 

 

JUNE 2026

 

 

JUNE 2025

 

Net sales to unaffiliated customers:

 

 

 

 

 

 

 

 

 

 

 

 

Timberlands segment

 

 

 

 

 

 

 

 

 

 

 

 

Delivered logs:

 

 

 

 

 

 

 

 

 

 

 

 

West

 

 

 

 

 

 

 

 

 

 

 

 

Domestic sales

 

$

100

 

 

$

102

 

 

$

183

 

 

$

200

 

Export grade sales

 

 

71

 

 

 

67

 

 

 

132

 

 

 

138

 

Subtotal West

 

 

171

 

 

 

169

 

 

 

315

 

 

 

338

 

South

 

 

145

 

 

 

154

 

 

 

293

 

 

 

306

 

North

 

 

9

 

 

 

8

 

 

 

23

 

 

 

22

 

Subtotal delivered logs sales

 

 

325

 

 

 

331

 

 

 

631

 

 

 

666

 

Stumpage and pay-as-cut timber

 

 

11

 

 

 

13

 

 

 

21

 

 

 

23

 

Recreational and other lease revenue

 

 

20

 

 

 

19

 

 

 

40

 

 

 

38

 

Other(1)

 

 

11

 

 

 

10

 

 

 

31

 

 

 

28

 

Net sales attributable to Timberlands segment

 

 

367

 

 

 

373

 

 

 

723

 

 

 

755

 

Strategic Land Solutions segment

 

 

 

 

 

 

 

 

 

 

 

 

Real estate

 

 

91

 

 

 

72

 

 

 

160

 

 

 

134

 

Natural resources

 

 

34

 

 

 

26

 

 

 

61

 

 

 

45

 

Climate solutions

 

 

15

 

 

 

56

 

 

 

126

 

 

 

69

 

Net sales attributable to Strategic Land Solutions segment

 

 

140

 

 

 

154

 

 

 

347

 

 

 

248

 

Wood Products segment

 

 

 

 

 

 

 

 

 

 

 

 

Structural lumber

 

 

591

 

 

 

581

 

 

 

1,069

 

 

 

1,108

 

Oriented strand board

 

 

180

 

 

 

205

 

 

 

347

 

 

 

433

 

Engineered solid section

 

 

181

 

 

 

169

 

 

 

336

 

 

 

330

 

Engineered I-joists

 

 

89

 

 

 

95

 

 

 

161

 

 

 

183

 

Softwood plywood

 

 

47

 

 

 

41

 

 

 

85

 

 

 

81

 

Medium density fiberboard

 

 

31

 

 

 

36

 

 

 

62

 

 

 

68

 

Complementary building products

 

 

179

 

 

 

155

 

 

 

322

 

 

 

280

 

Other(2)

 

 

62

 

 

 

75

 

 

 

142

 

 

 

161

 

Net sales attributable to Wood Products segment

 

 

1,360

 

 

 

1,357

 

 

 

2,524

 

 

 

2,644

 

Total net sales

 

$

1,867

 

 

$

1,884

 

 

$

3,594

 

 

$

3,647

 

(1)
Other Timberlands sales include sales of seeds and seedlings from our nursery operations as well as wood chips.
(2)
Other Wood Products sales include wood chips, other byproducts and third-party residual log sales from our Canadian Forestlands operations.