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FINANCIAL INFORMATION BY BUSINESS SEGMENT AND GEOGRAPHIC AREA
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
FINANCIAL INFORMATION BY BUSINESS SEGMENT AND GEOGRAPHIC AREA FINANCIAL INFORMATION BY BUSINESS SEGMENT AND GEOGRAPHIC AREA
The Company’s business segments, Europe, Latin America and North America, are consistent with the internal structure used to manage these businesses. All segments are differentiated on a common product, common customer basis, consistent with the business segmentation generally used in the Forest Products industry.
Business segment operating profits are used by the Company’s management to measure the earnings performance of its businesses. Management believes that this measure provides investors and analysts useful insights into our operating performance. Business segment operating profits are defined as income before income taxes, excluding interest (income) expense, net, and net special items.
External sales are defined as those that are made to parties outside the Company’s combined group, whereas sales by segment in the Net Sales table are determined using a management approach and include intersegment sales.
Information By Business Segment
Net Sales
Three Months Ended
March 31,
In millions
20222021
Europe$279 $238 
Latin America215 168 
North America508 382 
Intersegment Sales(25)(10)
Net Sales$977 $778 
Business Segment Operating Profit
Three Months Ended
March 31,
In millions20222021
Europe$36 $23 
Latin America40 43 
North America65 18 
Business Segment Operating Profit$141 $84 
Income before income taxes$52 $84 
Interest (income) expense, net16 — 
Net special items expense (income)73 — 
$141 $84