OTHER OPERATING COSTS, NET

12 Months Ended

Dec. 31, 2023

Component of Operating Income [Abstract]

OTHER OPERATING COSTS, NET

NOTE 18: OTHER OPERATING COSTS, NET

Other operating costs, net:

	includes both recurring and non-recurring income and expense items and
	can fluctuate from year to year.

Income and Expense Items Included in Other Operating Costs, Net

DOLLAR AMOUNTS IN MILLIONS
	2023			2022			2021
Environmental remediation charges	$	17		$	4		$	14
Foreign exchange gains, net(1)		(1	)		(10	)		(5	)
Insurance recoveries		(14	)		—			(13	)
Litigation expense, net		23			14			7
Research and development expenses		7			6			5
Restructuring, impairments and other charges		—			11			—
Other, net		30			24			25
Total other operating costs, net	$	62		$	49		$	33

(1)Foreign exchange gains and losses result from changes in exchange rates primarily related to our U.S. dollar denominated cash and debt balances that are held by our Canadian subsidiary.

ENVIRONMENTAL REMEDIATION

During second quarter 2023, we recorded an $11 million noncash environmental remediation charge. This charge was attributable to our Unallocated segment and recorded within "Other operating costs, net" in our Consolidated Statement of Operations.

ASSET IMPAIRMENT

During fourth quarter 2022, we recorded a $10 million noncash impairment charge related to the planned divestiture of legacy coal assets. The loss was attributable to our Real Estate & ENR segment and was recorded within "Other operating costs, net” in our Consolidated Statement of Operations.

INSURANCE RECOVERIES

During fourth quarter 2023 and fourth quarter 2021, we received $14 million and $13 million in insurance recoveries, respectively, related to property damage and business interruption for certain of our mills in the southern U.S. as a result of severe winter storm damage in first quarter 2021. These recoveries are attributable to our Wood Products segment and are recorded within “Other operating costs, net” in our Consolidated Statement of Operations.