CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
OPERATING ACTIVITIES
NET INCOME	$ 26	$ 62
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and cost of timber harvested	34	36
Deferred income tax provision, net	(4)	12
Stock-based compensation	4	3
Impairment of business	68	0
Changes in operating assets and liabilities and other
Accounts and notes receivable	30	(16)
Inventories	(31)	2
Accounts payable and accrued liabilities	(56)	10
Other	21	(27)
CASH PROVIDED BY OPERATING ACTIVITIES	92	82
INVESTMENT ACTIVITIES
Invested in capital projects	(19)	(17)
Cash pool arrangements with Parent	0	(11)
Other	0	5
CASH USED FOR INVESTMENT ACTIVITIES	(19)	(23)
FINANCING ACTIVITIES
Net transfers from Parent	0	79
Reduction of debt	(35)	(3)
Other	(4)	0
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(39)	76
Effect of Exchange Rate Changes on Cash	15	(61)
Change in Cash and Temporary Investments	49	74
Beginning of the period	180	95
End of the period	$ 229	$ 169