| Analysis and Reconciliation of Reportable Segment Information |
An analysis and reconciliation of the Company’s business segment information to the respective information in the financial statements is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months ended |
|
|
For the six months ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
SEGMENT DATA |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
Sales by segment |
|
|
|
|
|
|
|
|
|
|
|
|
Paper and packaging |
|
|
914 |
|
|
|
899 |
|
|
|
1,821 |
|
|
|
1,902 |
|
Pulp and tissue |
|
|
572 |
|
|
|
608 |
|
|
|
1,142 |
|
|
|
1,253 |
|
Wood products |
|
|
293 |
|
|
|
276 |
|
|
|
519 |
|
|
|
513 |
|
Total for reportable segments |
|
|
1,779 |
|
|
|
1,783 |
|
|
|
3,482 |
|
|
|
3,668 |
|
Intersegment sales |
|
|
(24 |
) |
|
|
(20 |
) |
|
|
(49 |
) |
|
|
(45 |
) |
Consolidated sales |
|
|
1,755 |
|
|
|
1,763 |
|
|
|
3,433 |
|
|
|
3,623 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales by product group |
|
|
|
|
|
|
|
|
|
|
|
|
Communication papers |
|
|
543 |
|
|
|
561 |
|
|
|
1,081 |
|
|
|
1,182 |
|
Specialty and packaging papers |
|
|
347 |
|
|
|
293 |
|
|
|
679 |
|
|
|
619 |
|
Market pulp |
|
|
363 |
|
|
|
437 |
|
|
|
745 |
|
|
|
913 |
|
Linerboard |
|
|
78 |
|
|
|
56 |
|
|
|
151 |
|
|
|
114 |
|
Newsprint |
|
|
74 |
|
|
|
84 |
|
|
|
139 |
|
|
|
165 |
|
Tissue |
|
|
58 |
|
|
|
56 |
|
|
|
120 |
|
|
|
117 |
|
Wood |
|
|
292 |
|
|
|
276 |
|
|
|
518 |
|
|
|
513 |
|
Consolidated sales |
|
|
1,755 |
|
|
|
1,763 |
|
|
|
3,433 |
|
|
|
3,623 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other costs by segment |
|
|
|
|
|
|
|
|
|
|
|
|
Paper and packaging |
|
|
822 |
|
|
|
879 |
|
|
|
1,678 |
|
|
|
1,787 |
|
Pulp and tissue |
|
|
587 |
|
|
|
663 |
|
|
|
1,236 |
|
|
|
1,281 |
|
Wood products |
|
|
286 |
|
|
|
266 |
|
|
|
519 |
|
|
|
505 |
|
Total for reportable segments |
|
|
1,695 |
|
|
|
1,808 |
|
|
|
3,433 |
|
|
|
3,573 |
|
Corporate and other |
|
|
38 |
|
|
|
25 |
|
|
|
96 |
|
|
|
54 |
|
Consolidated other costs |
|
|
1,733 |
|
|
|
1,833 |
|
|
|
3,529 |
|
|
|
3,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
Paper and packaging |
|
|
85 |
|
|
|
12 |
|
|
|
131 |
|
|
|
99 |
|
Pulp and tissue |
|
|
(31 |
) |
|
|
(67 |
) |
|
|
(130 |
) |
|
|
(57 |
) |
Wood products |
|
|
6 |
|
|
|
10 |
|
|
|
(1 |
) |
|
|
8 |
|
Corporate and other |
|
|
(38 |
) |
|
|
(25 |
) |
|
|
(96 |
) |
|
|
(54 |
) |
Consolidated operating income (loss) |
|
|
22 |
|
|
|
(70 |
) |
|
|
(96 |
) |
|
|
(4 |
) |
Interest expense, net |
|
|
57 |
|
|
|
58 |
|
|
|
114 |
|
|
|
119 |
|
Non-service components of net periodic benefit cost |
|
|
— |
|
|
|
(3 |
) |
|
|
(7 |
) |
|
|
(7 |
) |
Loss before income taxes |
|
|
(35 |
) |
|
|
(125 |
) |
|
|
(203 |
) |
|
|
(116 |
) |
Income tax expense (benefit) |
|
|
21 |
|
|
|
(49 |
) |
|
|
21 |
|
|
|
(46 |
) |
Net loss |
|
|
(56 |
) |
|
|
(76 |
) |
|
|
(224 |
) |
|
|
(70 |
) |
|