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BUSINESS SEGMENTS - Reconciliation of Business Segment Information in Consolidated Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting, Revenue Reconciling Item        
Sales to unaffiliated customers $ 1,681 $ 2,022 $ 5,416 $ 5,900
Net contribution (charge) 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
Operating Segments        
Segment Reporting, Revenue Reconciling Item        
Sales to unaffiliated customers 1,817 2,163 5,832 6,333
Net contribution (charge) to earnings 135 411 739 1,053
Intersegment eliminations        
Segment Reporting, Revenue Reconciling Item        
Sales to unaffiliated customers (136) (141) (416) (433)
Unallocated items        
Segment Reporting, Revenue Reconciling Item        
Net contribution (charge) to earnings (53) (46) (183) (124)
Timberlands        
Segment Reporting, Revenue Reconciling Item        
Sales to unaffiliated customers 357 380 1,153 1,259
Timberlands | Operating Segments        
Segment Reporting, Revenue Reconciling Item        
Sales to unaffiliated customers 357 380 1,153 1,259
Net contribution (charge) to earnings 57 78 218 302
Timberlands | Intersegment eliminations        
Segment Reporting, Revenue Reconciling Item        
Sales to unaffiliated customers 136 141 416 433
Real Estate & ENR        
Segment Reporting, Revenue Reconciling Item        
Sales to unaffiliated customers 89 105 305 286
Real Estate & ENR | Operating Segments        
Segment Reporting, Revenue Reconciling Item        
Sales to unaffiliated customers 89 105 305 286
Net contribution (charge) to earnings 51 56 170 161
Wood Products        
Segment Reporting, Revenue Reconciling Item        
Sales to unaffiliated customers 1,235 1,537 3,958 4,355
Wood Products | Operating Segments        
Segment Reporting, Revenue Reconciling Item        
Sales to unaffiliated customers 1,235 1,537 3,958 4,355
Net contribution (charge) to earnings $ 27 $ 277 $ 351 $ 590