XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
NET SALES $ 908 $ 738 $ 2,530 $ 2,213
COSTS AND EXPENSES        
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 587 500 1,637 1,562
Selling and administrative expenses 47 50 146 150
Depreciation, amortization and cost of timber harvested 37 38 108 117
Distribution expenses 98 79 276 235
Taxes other than payroll and income taxes 9 10 22 22
Interest (income) expense, net 10 (2) (19) (3)
INCOME (LOSS) BEFORE INCOME TAXES 120 63 360 130
Income tax provision (benefit) 28 12 91 25
NET INCOME (LOSS) $ 92 $ 51 $ 269 $ 105