v3.26.3
Supplemental Balance Sheet Information (Tables)
 9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Receivables
Trade receivables are primarily generated by sales of our products to our wholesale and retail customers. Receivables consisted of the following (dollar amounts in millions):
September 30, 2026December 31, 2025
Trade receivables$126 $95 
Income tax receivable12 16 
Other receivables14 17 
Allowance for doubtful accounts(1)(1)
Total Receivables$151 $127 
Schedule of Inventories Inventory consisted of the following (dollar amounts in millions):
September 30, 2026December 31, 2025
Logs$48 $62 
Other raw materials42 42 
Semi-finished inventories29 38 
Finished products228 222 
Total Inventories$347 $363 
Schedule of Property, Plant and Equipment
Property, plant, and equipment, including capitalized interest, are recorded at cost and consisted of the following (dollar amounts in millions):
September 30, 2026December 31, 2025
Land, land improvements, and logging roads, net of road amortization$233 $225 
Buildings533 525 
Machinery and equipment2,684 2,602 
Construction in progress342 298 
Property, plant, and equipment3,793 3,650 
Accumulated depreciation(2,043)(1,941)
Property, plant, and equipment, net$1,749 $1,709 
Intangible Asset and Goodwill
Changes in goodwill and other intangible assets for the nine months ended September 30, 2026, are provided in the following table (dollar amounts in millions):
GoodwillDeveloped TechnologyTotal Goodwill and Intangibles
Beginning balance December 31, 2025
$19 $3 $22 
Amortization— (3)(3)
Ending balance September 30, 2026
$19 $— $19 
Intangible Asset, Finite-Lived Changes in timber licenses for the nine months ended September 30, 2026 and September 30, 2025, are provided in the following table (dollar amounts in millions):
Timber Licenses1
Beginning balance December 31, 2025
$8 
Amortization(1)
Ending balance September 30, 2026
$7 
1 Timber licenses are included in timber and timberlands on the Condensed Consolidated Balance Sheets.
Schedule of Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities were as follows (dollar amounts in millions):
September 30, 2026December 31, 2025
Trade accounts payable$149 $129 
Salaries and wages payable74 84 
Accrued customer incentives44 50 
Taxes other than income taxes5 5 
Current portion of operating lease liabilities9 9 
Other accrued liabilities6 9 
Total accounts payable and accrued liabilities
$287 $285 
Schedule of Other Long-Term Liabilities
Other long-term liabilities were as follows (dollar amounts in millions):
September 30, 2026December 31, 2025
Post-retirement obligations$6 $6 
Asset retirement obligations9 9 
Uncertain tax positions5 5 
Warranty reserves5 5 
Other7 8 
Total other long-term liabilities
$33 $33