REVENUE RECOGNITION

6 Months Ended

Jun. 30, 2022

Revenue From Contract With Customer [Abstract]

REVENUE RECOGNITION

NOTE 3: REVENUE RECOGNITION

A reconciliation of revenue recognized by our major products:

	QUARTER ENDED				YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	JUNE 2022		JUNE 2021		JUNE 2022		JUNE 2021
Net sales to unaffiliated customers:
Timberlands segment
Delivered logs:
West
Domestic sales	$	103	$	80	$	216	$	159
Export grade sales		205		142		351		264
Subtotal West		308		222		567		423
South		160		145		314		276
North		10		9		25		25
Subtotal delivered logs sales		478		376		906		724
Stumpage and pay-as-cut timber		11		7		20		13
Recreational and other lease revenue		16		16		33		32
Other(1)		10		6		21		15
Net sales attributable to Timberlands segment		515		405		980		784
Real Estate & ENR segment
Real estate		90		83		187		167
Energy and natural resources		27		27		58		49
Net sales attributable to Real Estate & ENR segment		117		110		245		216
Wood Products segment
Structural lumber		998		1,349		2,204		2,339
Oriented strand board		497		605		1,061		1,043
Engineered solid section		247		166		443		308
Engineered I-joists		168		104		305		187
Softwood plywood		53		69		111		125
Medium density fiberboard		53		43		101		91
Complementary building products		239		213		454		384
Other(2)		86		80		181		173
Net sales attributable to Wood Products segment		2,341		2,629		4,860		4,650
Total net sales	$	2,973	$	3,144	$	6,085	$	5,650

(1) Other Timberlands sales include 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.