REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue by Major Products

A reconciliation of revenue recognized by our major products:

	QUARTER ENDED				YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 2024		SEPTEMBER 2023		SEPTEMBER 2024		SEPTEMBER 2023
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	78	$	96	$	269	$	290
Export grade sales		80		80		270		321
Subtotal West		158		176		539		611
South		149		155		453		485
North		11		11		33		35
Subtotal delivered logs sales		318		342		1,025		1,131
Stumpage and pay-as-cut timber		14		12		38		43
Recreational and other lease revenue		19		19		57		54
Other(1)		6		7		33		31
Net sales attributable to Timberlands segment		357		380		1,153		1,259
Real Estate & ENR segment
Real estate		59		79		220		198
Energy and natural resources		30		26		85		88
Net sales attributable to Real Estate & ENR segment		89		105		305		286
Wood Products segment
Structural lumber		451		570		1,414		1,658
Oriented strand board		206		284		749		707
Engineered solid section		175		216		543		600
Engineered I-joists		95		122		301		335
Softwood plywood		38		42		121		127
Medium density fiberboard		42		40		123		120
Complementary building products		158		184		475		551
Other(2)		70		79		232		257
Net sales attributable to Wood Products segment		1,235		1,537		3,958		4,355
Total net sales	$	1,681	$	2,022	$	5,416	$	5,900

(1)Other Timberlands sales include sales of seeds and seedlings from our nursery operations as well as wood chips.

(2)Other Wood Products sales include wood chips, other byproducts and third-party residual log sales from our Canadian Forestlands operations.