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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Cash Flows [Abstract]      
Net income from continuing operations $ 336 $ 227 $ 87
Adjustments to reconcile net income to net cash provided by (used for) operating activities:      
Depreciation, amortization and cost of timber harvested 125 126 135
Deferred income tax provision (benefit), net (7) (6) (49)
Stock-based compensation 20 14 15
Changes in operating assets and liabilities and other      
Accounts and notes receivable (45) (99) 58
Inventories (99) 12 70
Accounts payable and accrued liabilities 48 196 (56)
Other 40 (47) (15)
CASH PROVIDED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS 418 423 245
CASH PROVIDED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET 20 126 114
CASH PROVIDED BY OPERATING ACTIVITIES 438 549 359
INVESTMENT ACTIVITIES      
Invested in capital projects (149) (69) (66)
Cash pool arrangements with Parent 0 181 (3)
Cash proceeds on disposal of business, net of cash divested 324 0 0
Other 10 1 1
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES FROM CONTINUING OPERATIONS 185 113 (68)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES FROM DISCONTINUED OPERATIONS, NET (5) 14 (11)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES 180 127 (79)
FINANCING ACTIVITIES      
Net transfers from Parent 0 (456) (340)
Special payment to Parent 0 (1,520) 0
Dividends paid (10) 0 0
Issuance of debt 75 1,501 0
Reduction of debt (450) (129) (10)
Repurchases of common stock (80) 0 0
Other (4) 16 0
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM CONTINUING OPERATIONS (469) (588) (350)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET (1) (1) 0
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES (470) (589) (350)
Effect of Exchange Rate Changes on Cash 32 (2) 30
Change in Cash Included in Assets Held for Sale (21) (4) (21)
Change in Cash and Temporary Investments 201 89 (19)
Beginning of the period 159 70 89
End of the period $ 360 $ 159 $ 70