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TIMBERLAND ACQUISITIONS
6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
TIMBERLAND ACQUISITIONS

NOTE 15: TIMBERLAND ACQUISITIONS

 

On July 19, 2023, we completed the purchase of 22 thousand acres of Mississippi timberlands for approximately $60 million.

 

On May 18, 2022, we completed the purchase of 81 thousand acres of North and South Carolina timberlands for approximately $265 million. We recorded $263 million of timberland assets in “Timber and timberlands at cost, less depletion” and $2 million of related assets in “Property and equipment, net” on our Consolidated Balance Sheet.