CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Cash Flows [Abstract]
Net income from continuing operations	$ 253	$ 336	$ 227
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation, amortization and cost of timber harvested	143	125	126
Deferred income tax provision (benefit), net	0	(7)	(6)
Stock-based compensation	23	20	14
Changes in operating assets and liabilities and other
Accounts and notes receivable	104	(45)	(99)
Inventories	6	(99)	12
Accounts payable and accrued liabilities	(73)	48	196
Other	48	40	(47)
CASH PROVIDED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS	504	418	423
CASH PROVIDED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET	0	20	126
CASH PROVIDED BY OPERATING ACTIVITIES	504	438	549
INVESTMENT ACTIVITIES
Invested in capital projects	(210)	(149)	(69)
Cash pool arrangements with Parent	0	0	181
Cash proceeds on disposal of business, net of cash divested	0	324	0
Acquisition of business	(167)	0	0
Other	0	10	1
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES FROM CONTINUING OPERATIONS	(377)	185	113
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES FROM DISCONTINUED OPERATIONS, NET	0	(5)	14
CASH PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES	(377)	180	127
FINANCING ACTIVITIES
Net transfers from Parent	0	0	(456)
Special payment to Parent	0	0	(1,520)
Dividends paid	(57)	(10)	0
Issuance of debt	446	75	1,501
Reduction of debt	(526)	(450)	(129)
Repurchases of common stock	(70)	(80)	0
Other	(12)	(4)	16
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM CONTINUING OPERATIONS	(219)	(469)	(588)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS, NET	0	(1)	(1)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(219)	(470)	(589)
Effect of Exchange Rate Changes on Cash	12	32	(2)
Change in Cash Included in Assets Held for Sale	0	(21)	(4)
Change in Cash, Temporary Investments and Restricted Cash	(80)	201	89
Beginning of the period	360	159	70
End of the period	$ 280	$ 360	$ 159

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This element represents the cash inflow during the period from the sale of a component of the entity.

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The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer.

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Amount of cash inflow (outflow) from financing activities classified as other.

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The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.

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No definition available.

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