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CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
NET SALES $ 3,721 $ 3,628 $ 2,828
COSTS AND EXPENSES      
Cost of products sold (exclusive of depreciation, amortization and cost of timber harvested shown separately below) 2,809 2,619 2,143
Selling and administrative expenses 343 325 207
Depreciation, amortization and cost of timber harvested 143 125 126
Taxes other than payroll and income taxes 23 23 25
Interest expense (income), net 34 69 (1)
Income from continuing operations before income taxes 369 467 328
Income tax provision 116 131 101
Net income from continuing operations 253 336 227
Discontinued Operations, net of taxes 0 (218) 104
NET INCOME $ 253 $ 118 $ 331
BASIC EARNINGS PER SHARE      
Income (Loss) from Continuing Operations, Per Basic Share $ 6.02 $ 7.65 $ 5.16
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 (4.97) 2.37
Net earnings (loss) - basic (in dollars per share) 6.02 2.68 7.53
DILUTED EARNINGS PER SHARE      
Income (Loss) from Continuing Operations, Per Diluted Share 5.93 7.57 5.16
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0 (4.91) 2.37
Net earnings (loss) - diluted (in dollars per share) $ 5.93 $ 2.66 $ 7.53