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CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Statement of Cash Flows [Abstract]    
NET INCOME FROM CONTINUING OPERATIONS $ 139 $ 139
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and cost of timber harvested 63 62
Deferred income tax provision (benefit), net 2 (2)
Stock-based compensation 11 7
Changes in operating assets and liabilities and other    
Accounts and notes receivable (58) (26)
Inventories (33) 5
Accounts payable and accrued liabilities (31) 33
Other 37 (63)
CASH PROVIDED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS 130 155
CASH PROVIDED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET 45 67
CASH PROVIDED BY OPERATING ACTIVITIES 175 222
INVESTMENT ACTIVITIES    
Invested in capital projects (59) (27)
Cash pool arrangements with Parent 0 (15)
Other 0 (3)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES FROM CONTINUING OPERATIONS (59) (45)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES FROM DISCONTINUED OPERATIONS, NET (5) 7
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES (64) (38)
FINANCING ACTIVITIES    
Net transfers from Parent 0 1
Reduction of debt (86) (4)
Other (6) 0
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM CONTINUING OPERATIONS (92) (3)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET 0 0
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (92) (3)
Effect of Exchange Rate Changes on Cash 42 (50)
Change in Cash Included in Assets Held for Sale 63 13
Change in Cash and Temporary Investments (2) 118
Beginning of the period 159 70
End of the period $ 157 $ 188