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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales (Note 3) $ 10,184 $ 10,201 $ 7,532
Costs of sales 6,564 6,103 5,447
Gross margin 3,620 4,098 2,085
Selling expenses 93 95 83
General and administrative expenses 398 396 347
Product remediation recoveries (Note 18) 0 (37) (8)
Gain on sale of timberlands (Note 4) 0 (32) (182)
Other operating costs, net (Note 19) 49 33 135
Operating income 3,080 3,643 1,710
Non-operating pension and other post-employment benefit costs (Note 9) (254) (19) (290)
Interest income and other 25 5 5
Interest expense, net of capitalized interest (270) (313) (351)
Loss on debt extinguishment (Note 12) (276) 0 (92)
Earnings before income taxes 2,305 3,316 982
Income taxes (Note 20) (425) (709) (185)
Net earnings $ 1,880 $ 2,607 $ 797
Earnings per share (Note 5):      
Basic $ 2.53 $ 3.48 $ 1.07
Diluted $ 2.53 $ 3.47 $ 1.07
Weighted average shares outstanding (in thousands) (Note 5):      
Basic 741,904 749,496 746,931
Diluted 742,953 750,983 747,899