XML 444 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Statement of Cash Flows [Abstract]    
NET INCOME FROM CONTINUING OPERATIONS $ 248 $ 198
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and cost of timber harvested 94 95
Deferred income tax provision (benefit), net 4 (8)
Stock-based compensation 16 10
Changes in operating assets and liabilities and other:    
Accounts and notes receivable (81) (37)
Inventories (76) (9)
Accounts payable and accrued liabilities 18 97
Other 53 (54)
CASH PROVIDED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS 276 292
CASH PROVIDED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET 20 87
CASH PROVIDED BY OPERATING ACTIVITIES 296 379
INVESTMENT ACTIVITIES    
Invested in capital projects (91) (47)
Cash pool arrangements with Parent 0 181
Other 0 (8)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES FROM CONTINUING OPERATIONS (91) 126
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES FROM DISCONTINUED OPERATIONS, NET (5) 14
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES (96) 140
FINANCING ACTIVITIES    
Net transfers from Parent 0 (359)
Payments To Parent. Financing Activities 0 (1,520)
Payments of Dividends (5) 0
Proceeds from Issuance of Long-Term Debt 0 1,499
Reduction of debt (174) (5)
Other (2) 0
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM CONTINUING OPERATIONS (181) (385)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET (1) (1)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (182) (386)
Effect of Exchange Rate Changes on Cash 27 (96)
Change in Cash Included in Assets Held for Sale 41 (17)
Change in Cash and Temporary Investments 4 54
Beginning of the period 159 70
End of the period $ 163 $ 124