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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
NET SALES $ 977 $ 778
COSTS AND EXPENSES    
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 649 525
Selling and administrative expenses 67 41
Depreciation, amortization and cost of timber harvested 34 36
Distribution expenses 85 85
Taxes other than payroll and income taxes 6 7
Impairment of business 68 0
Interest (income) expense, net 16 0
INCOME BEFORE INCOME TAXES 52 84
Income tax provision 26 22
NET INCOME $ 26 $ 62
Earnings Per Share, Basic [Abstract]    
Basic (in dollars per share) $ 0.59 $ 1.41
Earnings Per Share, Diluted [Abstract]    
Diluted (in dollars per share) $ 0.59 $ 1.41