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CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
NET SALES $ 3,502 $ 3,009 $ 4,017
COSTS AND EXPENSES      
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 2,298 2,101 2,638
Selling and administrative expenses 213 209 262
Depreciation, amortization and cost of timber harvested 143 154 192
Distribution expenses 363 321 393
Taxes other than payroll and income taxes 27 30 33
Restructuring and other charges, net 0 0 6
Interest (income) expense, net (2) (4) (9)
INCOME (LOSS) BEFORE INCOME TAXES 460 198 502
Income tax provision (benefit) 129 28 125
NET INCOME (LOSS) $ 331 $ 170 $ 377
BASIC EARNINGS (LOSS) PER SHARE      
Net earnings (loss) - basic (in dollars per share) $ 7.53 $ 3.85 $ 8.55
DILUTED EARNINGS (LOSS) PER SHARE      
Net earnings (loss) - diluted (in dollars per share) $ 7.53 $ 3.85 $ 8.55