CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current Assets
Cash and temporary investments	$ 180	$ 95
Accounts and notes receivable (less allowances of $20 in 2021 and $30 in 2020)	490	621
Contract assets	29	24
Inventories	342	342
Other current assets	67	37
Total Current Assets	1,108	1,119
Plants, Properties and Equipment, net	885	974
Forestlands	278	293
Goodwill	132	143
Right of Use Assets	41	46
Deferred Charges and Other Assets	153	336
TOTAL ASSETS	2,597	2,911
Current Liabilities
Accounts payable	445	284
Notes payable and current maturities of long-term debt	42	4
Accrued payroll and benefits	51	68
Other current liabilities	220	134
Total Current Liabilities	758	490
Long-Term Debt	1,358	22
Deferred Income Taxes	169	170
Other Liabilities	130	117
Commitments and Contingent Liabilities (Note 11)
Equity
Parent company investment	0	3,592
Common stock $1.00 par value, 200.0 shares authorized, 43.9 shares issued and outstanding at December 31, 2021	44	0
Paid-in capital	4	0
Retained earnings	1,935	0
Accumulated other comprehensive loss	(1,801)	(1,480)
Total Equity	182	2,112
TOTAL LIABILITIES AND EQUITY	$ 2,597	$ 2,911