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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Net sales (Note 3) $ 1,727 $ 1,763
Costs of sales 1,409 1,428
Gross margin 318 335
Selling expenses 23 23
General and administrative expenses 119 119
Gain on sale of timberlands (Note 15) (58) 0
Other operating (income) costs, net (Note 13) (13) 14
Operating income 247 179
Non-operating pension and other post-employment benefit costs (Note 6) (14) (19)
Interest income and other 4 5
Interest expense, net of capitalized interest (66) (66)
Earnings before income taxes 171 99
Income taxes (Note 14) (15) (16)
Net earnings $ 156 $ 83
Earnings per share, basic (Note 4) $ 0.22 $ 0.11
Earnings per share, diluted (Note 4) $ 0.22 $ 0.11
Weighted average shares outstanding (in thousands) (Note 4):    
Basic 721,290 726,143
Diluted 721,671 726,566