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OTHER OPERATING COSTS, NET
 12 Months Ended
Dec. 31, 2024
Component of Operating Income [Abstract]  
OTHER OPERATING COSTS, NET

NOTE 17: 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

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

Environmental remediation charges

 

$

12

 

 

$

17

 

 

$

4

 

Foreign exchange gains, net(1)

 

 

(1

)

 

 

(1

)

 

 

(10

)

Insurance recovery

 

 

—

 

 

 

(14

)

 

 

—

 

Litigation expense, net

 

 

42

 

 

 

23

 

 

 

14

 

Product remediation recovery

 

 

(25

)

 

 

—

 

 

 

—

 

Research and development expenses

 

 

7

 

 

 

7

 

 

 

6

 

Restructuring, impairments and other charges

 

 

10

 

 

 

—

 

 

 

11

 

Other, net

 

 

15

 

 

 

30

 

 

 

24

 

Total other operating costs, net

 

$

60

 

 

$

62

 

 

$

49

 

 

(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.

ASSET IMPAIRMENT

During third quarter 2024, we recorded a $10 million noncash impairment charge related to the indefinite curtailment of our New Bern lumber mill. The loss was attributable to our Wood Products segment and was recorded within "Other operating costs, net" in our Consolidated Statement of Operations.

During fourth quarter 2022, we recorded a $10 million noncash impairment charge related to the 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.

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.

INSURANCE RECOVERY

During fourth quarter 2023, we received a $14 million insurance recovery 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. This recovery is attributable to our Wood Products segment and is recorded within “Other operating costs, net” in our Consolidated Statement of Operations.

PRODUCT REMEDIATION RECOVERY

Refer to Note 13: Legal Proceedings, Commitments and Contingencies for further information.