CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statement of Cash Flows [Abstract]
NET INCOME FROM CONTINUING OPERATIONS	$ 146	$ 139
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and cost of timber harvested	69	63
Deferred income tax provision (benefit), net	4	2
Stock-based compensation	15	11
Changes in operating assets and liabilities and other
Accounts and notes receivable	91	(58)
Inventories	(60)	(33)
Accounts payable and accrued liabilities	(147)	(31)
Other	22	37
CASH PROVIDED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS	140	130
CASH PROVIDED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET	0	45
CASH PROVIDED BY OPERATING ACTIVITIES	140	175
INVESTMENT ACTIVITIES
Invested in capital projects	(105)	(59)
Acquisition of business	(167)	0
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES FROM CONTINUING OPERATIONS	(272)	(59)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES FROM DISCONTINUED OPERATIONS, NET	0	(5)
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES	(272)	(64)
FINANCING ACTIVITIES
Dividends paid	(21)	0
Issuance of debt	437	0
Reduction of debt	(443)	(86)
Repurchases of common stock	(40)	0
Other	(6)	(6)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM CONTINUING OPERATIONS	(73)	(92)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET	0	0
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(73)	(92)
Effect of Exchange Rate Changes on Cash	9	42
Change in Cash Included in Assets Held for Sale	0	63
Change in Cash and Temporary Investments	(196)	(2)
Beginning of the period	360	159
End of the period	$ 164	$ 157