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TIMBERLAND ACQUISITIONS
6 Months Ended
Jun. 30, 2024
Business Combination and Asset Acquisition [Abstract]  
TIMBERLAND ACQUISITIONS

NOTE 15: TIMBERLAND ACQUISITIONS

On July 25, 2024, we announced acquisitions totaling 84 thousand acres of Alabama timberlands for approximately $244 million. The first transaction was completed on May 30, 2024 and was comprised of 13 thousand acres for approximately $48 million. We recorded $47 million of timberland assets in "Timber and timberlands at cost, less depletion" and $1 million of related assets in "Property and equipment, net" on our Consolidated Balance Sheet. The remaining transactions are subject to customary closing conditions and are expected to close in second half 2024.