v3.26.3
BUSINESS SEGMENTS - Reconciliation of Business Segment Information in Consolidated Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Net sales to unaffiliated customers $ 1,862 $ 1,717 $ 5,456 $ 5,364
Total sales 1,862 1,717 5,456 5,364
Net contribution (charge) to earnings 88 110 538 440
Costs of sales 1,605 1,513 4,570 4,500
Gross margin 257 204 886 864
Selling expenses 26 23 73 69
General and administrative expenses 115 107 349 340
Other segment items [1] 28 (36) (74) 15
Intersegment eliminations        
Segment Reporting [Line Items]        
Total sales (153) (150) (440) (458)
Unallocated items        
Segment Reporting [Line Items]        
Net sales to unaffiliated customers 0 0 0 0
Total sales (153) (150) (440) (458)
Net contribution (charge) to earnings (78) (20) (249) (194)
Costs of sales (142) (162) (400) (433)
Gross margin (11) 12 (40) (25)
Selling expenses 1 0 2 1
General and administrative expenses 44 36 139 129
Other segment items [1] 22 (4) 68 39
Timberlands        
Segment Reporting [Line Items]        
Total sales 378 386 1,101 1,141
Timberlands | Operating segments        
Segment Reporting [Line Items]        
Net sales to unaffiliated customers 378 386 1,101 1,141
Total sales 531 536 1,541 1,599
Net contribution (charge) to earnings 67 80 312 270
Costs of sales 438 429 1,281 1,254
Gross margin 93 107 260 345
Selling expenses 0 0 1 1
General and administrative expenses 25 25 74 73
Other segment items [1] 1 2 (127) 1
Timberlands | Intersegment eliminations        
Segment Reporting [Line Items]        
Total sales 153 150 440 458
Strategic Land Solutions        
Segment Reporting [Line Items]        
Total sales 99 103 446 351
Strategic Land Solutions | Operating segments        
Segment Reporting [Line Items]        
Net sales to unaffiliated customers 99 103 446 351
Total sales 99 103 446 351
Net contribution (charge) to earnings 67 69 330 231
Costs of sales 26 28 96 104
Gross margin 73 75 350 247
Selling expenses 0 0 0 0
General and administrative expenses 6 7 20 20
Other segment items [1] 0 (1) 0 (4)
Strategic Land Solutions | Intersegment eliminations        
Segment Reporting [Line Items]        
Total sales 0 0 0 0
Wood Products        
Segment Reporting [Line Items]        
Total sales 1,385 1,228 3,909 3,872
Wood Products | Operating segments        
Segment Reporting [Line Items]        
Net sales to unaffiliated customers 1,385 1,228 3,909 3,872
Total sales 1,385 1,228 3,909 3,872
Net contribution (charge) to earnings 32 (19) 145 133
Costs of sales 1,283 1,218 3,593 3,575
Gross margin 102 10 316 297
Selling expenses 25 23 70 67
General and administrative expenses 40 39 116 118
Other segment items [1] 5 (33) (15) (21)
Wood Products | Intersegment eliminations        
Segment Reporting [Line Items]        
Total sales $ 0 $ 0 $ 0 $ 0
[1] Other segment items for each reportable segment includes recurring and non-recurring income and expense items. For our Timberlands segment, this includes gains on the sale of timberlands for the year-to-date period ended September 30, 2026. For our Wood Products segment, this includes a gain on the sale of our Princeton lumber mill for the quarter and year-to-date period ended September 30, 2025 and product remediation insurance recoveries for the year-to-date period ended September 30, 2026. For Unallocated Items, this includes non-operating pension and other post-employment benefit costs and interest income and other for all periods presented. Refer to Note 13: Other Operating Costs (Income), Net for additional information.