REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue by Major Products

A Reconciliation of Revenue Recognized by our Major Products:

DOLLAR AMOUNTS IN MILLIONS
	2024		2023		2022
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	350	$	377	$	414
Export grade sales		343		417		590
Subtotal West		693		794		1,004
South		603		643		645
North		46		48		56
Subtotal delivered logs sales		1,342		1,485		1,705
Stumpage and pay-as-cut timber		51		56		46
Recreational and other lease revenue		77		74		68
Other(1)		42		39		39
Net sales attributable to Timberlands segment		1,512		1,654		1,858
Real Estate & ENR segment
Real estate		280		237		235
Energy and natural resources		111		126		133
Net sales attributable to Real Estate & ENR segment		391		363		368
Wood Products segment
Structural lumber		1,906		2,123		3,374
Oriented strand board		979		944		1,578
Engineered solid section		708		783		862
Engineered I-joists		390		447		573
Softwood plywood		158		166		193
Medium density fiberboard		159		155		192
Complementary building products		615		704		840
Other(2)		306		335		346
Net sales attributable to Wood Products segment		5,221		5,657		7,958
Total	$	7,124	$	7,674	$	10,184

(1)Other Timberlands sales includes 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.