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CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
NET SALES $ 3,628 $ 2,828 $ 2,385
COSTS AND EXPENSES      
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 2,619 2,143 1,929
Selling and administrative expenses 325 207 202
Depreciation, amortization and cost of timber harvested 125 126 135
Taxes other than payroll and income taxes 23 25 28
Interest expense (income), net 69 (1) (4)
Income from continuing operations before income taxes 467 328 95
Income tax provision 131 101 8
Net income from continuing operations 336 227 87
Discontinued Operations, net of taxes (218) 104 83
NET INCOME $ 118 $ 331 $ 170
BASIC EARNINGS PER SHARE      
Income (Loss) from Continuing Operations, Per Basic Share $ 7.65 $ 5.16 $ 1.97
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (4.97) 2.37 1.88
Net earnings (loss) - basic (in dollars per share) 2.68 7.53 3.85
DILUTED EARNINGS PER SHARE      
Income (Loss) from Continuing Operations, Per Diluted Share 7.57 5.16 1.97
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share (4.91) 2.37 1.88
Net earnings (loss) - diluted (in dollars per share) $ 2.66 $ 7.53 $ 3.85