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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 10,201 $ 7,532 $ 6,554
Costs of sales 6,103 5,447 5,412
Gross margin 4,098 2,085 1,142
Selling expenses 95 83 84
General and administrative expenses 396 347 348
Charges for integration and restructuring, closures and asset impairments (Note 4) 0 1 80
Product remediation recoveries (Note 18) (37) (8) (68)
Gain on sale of timberlands (Note 4) (32) (182) (48)
Other operating costs, net (Note 19) 33 134 95
Operating income 3,643 1,710 651
Non-operating pension and other post-employment benefit costs (Note 9) (19) (290) (516)
Interest income and other 5 5 30
Interest expense, net of capitalized interest (313) (443) (378)
Earnings (loss) before income taxes 3,316 982 (213)
Income taxes (Note 20) (709) (185) 137
Net earnings (loss) $ 2,607 $ 797 $ (76)
Earnings (loss) per share (Note 5):      
Basic $ 3.48 $ 1.07 $ (0.10)
Diluted $ 3.47 $ 1.07 $ (0.10)
Weighted average shares outstanding (in thousands) (Note 5):      
Basic 749,496 746,931 745,897
Diluted 750,983 747,899 745,897