BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Sales and Net Contribution (Charge) to Earnings

Sales and Net Contribution (Charge) to Earnings

DOLLAR AMOUNTS IN MILLIONS
	TIMBERLANDS		REAL ESTATE & ENR		WOOD PRODUCTS		UNALLOCATED ITEMS AND INTERSEGMENT ELIMINATIONS			CONSOLIDATED
Sales to unaffiliated customers
2020	$	1,466	$	276	$	5,790	$	—		$	7,532
2019	$	1,618	$	313	$	4,623	$	—		$	6,554
2018	$	1,873	$	306	$	5,297	$	—		$	7,476
Intersegment sales
2020	$	471	$	—	$	—	$	(471	)	$	—
2019	$	503	$	1	$	—	$	(504	)	$	—
2018	$	537	$	1	$	—	$	(538	)	$	—
Net contribution (charge) to earnings
2020	$	455	$	86	$	1,340	$	(456	)	$	1,425
2019	$	347	$	144	$	353	$	(679	)	$	165
2018	$	583	$	127	$	838	$	(366	)	$	1,182

Reconciliation of Net Contribution to Earnings to Net Earnings (Loss)

Reconciliation of Net Contribution to Earnings to Net Earnings (Loss)

DOLLAR AMOUNTS IN MILLIONS
	2020			2019			2018
Net contribution to earnings	$	1,425		$	165		$	1,182
Interest expense, net of capitalized interest		(443	)		(378	)		(375	)
Income (loss) before income taxes		982			(213	)		807
Income taxes		(185	)		137			(59	)
Net earnings (loss)	$	797		$	(76	)	$	748

Additional Financial Information

Additional Financial Information

DOLLAR AMOUNTS IN MILLIONS
	TIMBERLANDS		REAL ESTATE & ENR		WOOD PRODUCTS		UNALLOCATED ITEMS		CONSOLIDATED
Depreciation, depletion and amortization
2020	$	257	$	14	$	195	$	6	$	472
2019	$	301	$	14	$	191	$	4	$	510
2018	$	319	$	14	$	149	$	4	$	486
Capital expenditures
2020	$	104	$	—	$	176	$	1	$	281
2019	$	112	$	—	$	257	$	15	$	384
2018	$	117	$	—	$	306	$	4	$	427

Total Assets

Total Assets

DOLLAR AMOUNTS IN MILLIONS
	TIMBERLANDS AND REAL ESTATE & ENR		WOOD PRODUCTS		UNALLOCATED ITEMS		CONSOLIDATED
Total assets(1)
2020	$	12,874	$	2,619	$	818	$	16,311
2019	$	13,130	$	2,452	$	824	$	16,406

(1) Assets attributable to the Real Estate & ENR business segment are combined with total assets for the Timberlands segment as we do not produce separate balance sheets internally.