| 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 nine months ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
September 30, |
|
|
September 30, |
|
SEGMENT DATA |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
Sales by segment |
|
|
|
|
|
|
|
|
|
|
|
|
Paper and packaging |
|
|
891 |
|
|
|
907 |
|
|
|
2,712 |
|
|
|
2,809 |
|
Pulp and tissue |
|
|
560 |
|
|
|
586 |
|
|
|
1,702 |
|
|
|
1,839 |
|
Wood products |
|
|
267 |
|
|
|
219 |
|
|
|
786 |
|
|
|
732 |
|
Total for reportable segments |
|
|
1,718 |
|
|
|
1,712 |
|
|
|
5,200 |
|
|
|
5,380 |
|
Intersegment sales |
|
|
(31 |
) |
|
|
(30 |
) |
|
|
(80 |
) |
|
|
(75 |
) |
Consolidated sales |
|
|
1,687 |
|
|
|
1,682 |
|
|
|
5,120 |
|
|
|
5,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales by product group |
|
|
|
|
|
|
|
|
|
|
|
|
Communication papers |
|
|
533 |
|
|
|
515 |
|
|
|
1,614 |
|
|
|
1,697 |
|
Specialty and packaging papers |
|
|
327 |
|
|
|
320 |
|
|
|
1,006 |
|
|
|
939 |
|
Market pulp |
|
|
338 |
|
|
|
420 |
|
|
|
1,083 |
|
|
|
1,333 |
|
Linerboard |
|
|
89 |
|
|
|
65 |
|
|
|
240 |
|
|
|
179 |
|
Newsprint |
|
|
78 |
|
|
|
86 |
|
|
|
217 |
|
|
|
251 |
|
Tissue |
|
|
56 |
|
|
|
57 |
|
|
|
176 |
|
|
|
174 |
|
Wood |
|
|
266 |
|
|
|
219 |
|
|
|
784 |
|
|
|
732 |
|
Consolidated sales |
|
|
1,687 |
|
|
|
1,682 |
|
|
|
5,120 |
|
|
|
5,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other costs by segment |
|
|
|
|
|
|
|
|
|
|
|
|
Paper and packaging |
|
|
831 |
|
|
|
821 |
|
|
|
2,509 |
|
|
|
2,608 |
|
Pulp and tissue |
|
|
539 |
|
|
|
538 |
|
|
|
1,775 |
|
|
|
1,819 |
|
Wood products |
|
|
269 |
|
|
|
240 |
|
|
|
788 |
|
|
|
745 |
|
Total for reportable segments |
|
|
1,639 |
|
|
|
1,599 |
|
|
|
5,072 |
|
|
|
5,172 |
|
Corporate and other |
|
|
40 |
|
|
|
43 |
|
|
|
136 |
|
|
|
97 |
|
Consolidated other costs |
|
|
1,679 |
|
|
|
1,642 |
|
|
|
5,208 |
|
|
|
5,269 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
Paper and packaging |
|
|
52 |
|
|
|
79 |
|
|
|
183 |
|
|
|
178 |
|
Pulp and tissue |
|
|
(1 |
) |
|
|
25 |
|
|
|
(131 |
) |
|
|
(32 |
) |
Wood products |
|
|
(3 |
) |
|
|
(21 |
) |
|
|
(4 |
) |
|
|
(13 |
) |
Corporate and other |
|
|
(40 |
) |
|
|
(43 |
) |
|
|
(136 |
) |
|
|
(97 |
) |
Consolidated operating income (loss) |
|
|
8 |
|
|
|
40 |
|
|
|
(88 |
) |
|
|
36 |
|
Interest expense, net |
|
|
57 |
|
|
|
59 |
|
|
|
171 |
|
|
|
178 |
|
Non-service components of net periodic benefit cost |
|
|
(7 |
) |
|
|
(6 |
) |
|
|
(14 |
) |
|
|
(13 |
) |
Loss before income taxes |
|
|
(42 |
) |
|
|
(13 |
) |
|
|
(245 |
) |
|
|
(129 |
) |
Income tax (benefit) expense |
|
|
(10 |
) |
|
|
302 |
|
|
|
11 |
|
|
|
256 |
|
Net loss |
|
|
(32 |
) |
|
|
(315 |
) |
|
|
(256 |
) |
|
|
(385 |
) |
|