v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 228 $ 292
Receivables, net of allowance for doubtful accounts of $1 as of June 30, 2026 and December 31, 2025 143 127
Inventories 373 363
Prepaid expenses and other current assets 28 28
Total current assets 773 809
Property, plant, and equipment, net 1,728 1,709
Timber and timberlands 9 13
Operating lease assets, net 23 23
Goodwill and other intangible assets 19 22
Investments in and advances to affiliates 18 17
Other assets 26 25
Deferred tax asset 11 8
Total assets 2,607 2,627
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable and accrued liabilities 240 285
Income taxes payable 0 5
Total current liabilities 240 291
Long-term debt 348 348
Deferred income taxes 195 177
Non-current operating lease liabilities 20 22
Contingency reserves, excluding current portion 26 26
Other long-term liabilities 33 33
Total liabilities 863 896
Stockholders’ equity:    
Common stock, $1 par value per share, 200 shares authorized; 85 shares issued and 70 shares issued and outstanding as of June 30, 2026 and December 31, 2025 85 85
Additional paid-in capital 515 508
Retained earnings 1,633 1,621
Treasury stock, 15 shares at cost as of June 30, 2026 and December 31, 2025 (386) (385)
Accumulated comprehensive loss (103) (98)
Total stockholders’ equity 1,744 1,731
Total liabilities and stockholders’ equity $ 2,607 $ 2,627