BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Reconciliation of Business Segment Information in Consolidated Statement of Operations

A reconciliation of our business segment information to the respective information in the Consolidated Statement of Operations is as follows:

	QUARTER ENDED						YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 2024			SEPTEMBER 2023			SEPTEMBER 2024			SEPTEMBER 2023
Sales to unaffiliated customers:
Timberlands	$	357		$	380		$	1,153		$	1,259
Real Estate & ENR		89			105			305			286
Wood Products		1,235			1,537			3,958			4,355
		1,681			2,022			5,416			5,900
Intersegment sales:
Timberlands		136			141			416			433
Total sales		1,817			2,163			5,832			6,333
Intersegment eliminations		(136	)		(141	)		(416	)		(433	)
Total	$	1,681		$	2,022		$	5,416		$	5,900
Net contribution (charge) to earnings:
Timberlands	$	57		$	78		$	218		$	302
Real Estate & ENR		51			56			170			161
Wood Products		27			277			351			590
		135			411			739			1,053
Unallocated items(1)		(53	)		(46	)		(183	)		(124	)
Net contribution to earnings		82			365			556			929
Interest expense, net of capitalized interest		(69	)		(72	)		(203	)		(208	)
Earnings before income taxes		13			293			353			721
Income taxes		15			(54	)		(38	)		(101	)
Net earnings	$	28		$	239		$	315		$	620

(1)Unallocated items are gains or charges not related to, or allocated to, an individual operating segment. They include all or a portion of items such as share-based compensation, pension and post-employment costs, elimination of intersegment profit in inventory and LIFO, foreign exchange transaction gains and losses, interest income and other.